2. Are We Crypto Rich? How To Not Lose Your Crypto and Why We Are The Dumbest In the Room Always

Foreign.

What's going on?

Oh, mate, I just feeling run down, mate. Got a cold from the little one, of course.

Going through that. Bloody annoying. And I'm convinced. Convinced that I have a few food allergies, mate. I'm 100 after speaking to my brother. Oh, mate.

What do you got, mate? Talk me through it. What do you got?

I don't know, mate. I feel like there's got to be a correlation between. I definitely know brewer's yeast for sure, because whenever I have a beer again, like, oh, my stomach's like this, or if I eat some white bread, 100%. But I've gone and got some, like, little tests from the. From the doctor to see if I'm allergic to any stuff. So brother's telling me a story, right? And he's like, one of the fittest dudes on the planet. He was like one of those guys where he's absolutely yoked. He used to work out. He looked like, basically like Arnie, right, But, like, shorter. And he's insane. And he's an older bloke now, and he's still absolutely jacked. He just had his 55th birthday and he's doing. So we went over to his place, right, And Evie's there, my little daughter, doing all this gymnastics stuff. And he's 55. He just gets up on his hands and starts walking on his hands. He's an absolute unit. Anyway, so he's riding his bike, right? He does all this fitness stuff, does a lot of gym stuff, riding his bike. And he'd be, like, wheezing all the time. And, you know, they give him, like, this Simba Court stuff, which is really heavy, kind of like asthma stuff. Like, oh, you got asthma? You got asthma. He went to his food allergist, right, did all these tests, and they're like, you're allergic to, like, dairy. Egg whites, but not egg yolks. Brewers yeast, baker's yeast. So he cut all that back and all that's just gone away, and he's, like, living his best life. And I'm like, oh, lad. Like, all that stuff you're talking about, like, it's definitely genetic. And there's no real, like, correlation between I ate something two or three days ago and now I'm feeling the ill effects of that. It's not like. It's kind of immediate. You've gone through this, man. You've got a few things there.

Yeah, I don't know what I've got. I. They wanted to stick something down my throat and put me to sleep. So I'm like, yeah, no, no, thanks. Endoscopy.

Yeah.

You? Yeah. I was like, that doesn't sound great. So I basically just keep eating what I eat. Like, I love a good parmy, but cheese and the parmi completely destroys me. Beers aren't good. Love beers, though. Not going away. So I take these, like, acid stomach, like pills or like chewables that. That make my ass, like, my stomach, my acid gathers kind of thing. Yeah, because I like, I burp a lot when I have, like, bread or like, something heavy.

But he was like, yeah, you got to stop eating all that and we got to do an operation. I was like, yeah, so no, I'm going to keep it and I'm not having an operation.

So that's it. I get that as well, where it's like. It kind of like upsets you something. You get, like, reflux as well. And then sometimes you don't know you're having it and then you don't sleep properly and you feel run down and all this sort of nonsense. And I'm like, look, just take my blood, give me a panel. Be like, son, you're allergic to these things. At the moment, I'm flying in the dark. Or they do this thing like a fodmap diet, where it's basically, you start with fuck all food that's not going to affect you and you add one more thing. Add one more thing. And I'm like, man, I don't have time for that.

That. Isn't there some sort of, like, test or some you can do, like, yeah, plug me in something or get me in a computer and just tell me what I can't eat.

Like, yeah, give me the go fast path. So, yeah, I'm on that path, mate. Gonna go see this person and I'll be able to report back on my new life, mate. I reckon this is gonna be absolute life changing. Just talked to Tim, one of our team, he said his mum did it and she was, like, allergic to simple things like chicken. Like, cut those stuff out and just absolutely change her life.

Mate, I'm not allergic to chicken, man. Even if I am, I'm not stop eating. I love chicken. Like, literally, I reckon, like, 75 of my meals are chicken.

Mate. Every. I think when I joined Collective Shift, every single day, you're just punching down chicken sandwiches, mate. Just absolutely drooling. And then, then, like, your partner will come home, she'd be like, you're eating one of those again. And you're like, no, it's like chicken all down Your face.

It's like my number one search item on Google is like, top chicken sandwiches near me, mate.

You know you've got issues if that's in your search history, mate.

Oh. So have you had any killer chicken sandwiches in the States, mate?

So they make a chicken sandwich over here. Like the, like I've tried.

Really?

Yeah, I've tried.

So, okay, let me rephrase it. So a lot of the, like, the fast food restaurants just make a dreadful chicken sandwich. Like Burger King, like, disgusting. Macca's disgusting. KFC do this weird, like chicken slider thing. That's really not good. I've been to a couple of wicked burger restaurants that make a good chicken burger, but the fastest Chick Fil a.

You been there?

I haven't been to Chick Fil a. Herd. That's dreadful. So I haven't been there.

So Popeyes. Terrible. Wendy's. Really cool. Yeah. And it's all like, yeah, pretty average.

What makes a good chicken sandwich for you?

Okay, so like a nice brioche bun that isn't like, it's fresh but not too sweet. Over here in the us you get a really sweet brioche bun. No, thanks. Chicken needs to be like lightly battered, not deep fried. Needs to be pan seared. Really well done. So it's still juicy like. And a good, like thick piece of chicken. Then it needs like a good piece of like Swiss cheese or American cheese on top. Not mozzarella, it's terrible. Good fresh lettuce, no tomato because I want to throw up. Good. Little bit of mayonnaise, maybe a bit of barbecue sauce. Bacon if you've got some. And like a fried egg on a plate with crinkle cut chips, a little bit of chicken salt and a Coke and you've got me. I'm done. That's it, mate.

You need to open a chicken shop. That was so precise. I was expecting, like, oh, just this and this. You're like every single ingredient. You have put so much thought into this. This is ridiculous. If I cut open your skull and looked at your brain, 90% of it would be dedicated to chicken sandwiches. If we put you in an MRI machine and got you to think about chicken sandwiches, your brain would just light up.

That's what I'm looking at. The doctor's manning, they say I'm allergic to chicken. Like, that's not happening.

It's all over, mate.

It's not dancing.

At least then it would be your choice, right? Like you would know. Whereas at the moment I'm like, oh, what am I allergic to what? Am I not allergic to like.

Oh yeah, I feel you, man.

Oh mate.

So in New York, man. I'm here, my bro.

You made it.

My time zones are all out of whack so I couldn't get to sleep too. So I got into San Francisco, had a night in San Francisco. Didn't eat so sort of forgot to eat. Was on the plane, it was early Australian time. Arrived late in San Francisco time. End up getting on the beers and just. It was just terrible. Like it was a bad decision. You know when you don't eat and you drink and the next day you just feel terrible.

So it should be every Friday night for me, mate. It's knockoff work. Last time I ate was lunch and just get on the soup.

Oh, nah man. Got on the soup, I was on the bubbles. I was just on my own, just sort of bar hopping. Man. Being in Australian in New York is so much. In America. Sorry. Is so much fun because everyone just thinks you're a legend and whether or not you are, that's a different story.

But everyone in reality you just, you're just an alcoholic but you know, you're a legend.

So went a few different bars, met some cool people and yeah, had an early flight to six hour flight from San Francisco to New York. And then time zones all out of whack so couldn't get to sleep to like 5am New York time which was about probably 7 or 8pm Australian time. Woke up today, 3pm New York time which was like a seven hour sleep. Woke up at like 5:30 Australian time. So I think my brain still thinks I'm in Australia, but I'm in New York.

Yep.

So I've been up for like six hours and it's 10pm and I'm like ready for lunch.

Great. It's 10pm What I do now?

Yeah, it's like, okay, so you know, like what do I do now? So yeah, it's been. Hopefully I got some like sleeping pills. Gonna try and hit the hay after this. Try and wake up and then get back on a normal cycle. But just time zone. I get you man. I get you.

Oh, so last time you went over there, how long did it take you to adjust to the time zone?

Last time was a little bit easier. I feel as though like I just fell asleep. We, we traveled at a different time this last time versus this time. So we arrived, I arrived this time in the afternoon San Francisco time, which was morning Australian time. And last time I think we arrived early morning US time and nighttime Australian time. Which was better because you're tired. So arriving in the afternoon when you're not tired is pretty shitty because you don't want to go to sleep. Like you're not tired, but it's time for bed. And then add on another three hours to New York.

Just.

It's just been terrible, to be honest. So anyway, New York, NFT NYC starts tomorrow. So we're gonna, you know, just like smash like as much melatonin as I can. Probably like 20, 30 milligrams. Hopefully don't. Hopefully I'll wake up and then that's.

A good start, mate. Yeah, I hear like. But yeah, that's like. Excuse me. The missus has some melatonin as well and she just like swears by it.

Yeah, right. What does she take? Just like 10 milligram.

She's got these like, chewable ones. I don't know how much they are. Yeah, I think so I went to 20, something like that.

Yeah. I went to the US. Went to the US I mean the. Went to the pharmacy and there was only 5 or 10 milligrams. So I got the mill. 10 milligrams. And they just say to take it half an hour before bed. So I've taken a couple of these before. But anyway, I'll let you know next week how my sleep goes.

Definitely helps me get you in the mood. Sleep.

Yeah, I was just like last night I was watching YouTube videos, watching the golf on TV and reading a book, like at the same time.

I was like, why? Trying to do all the sleepy things.

Yeah, at once.

So you're talking about your flight. We've got it. We've got. We've actually prepared a little bit this time. We've got a little agenda going. So I reckon this is a nice segue into clearing up business. Classmate, big baller, bitcoin billionaire. Ben flying business class over here. Look at him go.

Yeah, okay, so someone. Someone comment on my Twitter was like, is that first class? Something like that. So just had to read sort of, you know, come back and. And say that that was the first time I ever flew business class. So I took a lot of profits. I'll claim profits back in 20. Early 20, 21, late 20, 20. Made a couple of like, pretty good investments early on. Was pretty lucky. Sold at the top and took a lot of that straight in Aud, you know, put a little bit of bitcoin, but it was. Was holding a bit of cash and had flew last time. The US is back on premium economy, which was, which was good. But I'M doing these trips like every month and it just, it kills you for like as people would know, it kills you for like the week or two after. So it was really pushing down my efficiency at work because I was literally like I can't work as efficiently as I, you know, could be because of these. One or two weeks after landing on either side, I'm just like, I just like, I'm just, I'm so tired.

And you go in there for a purpose as well, to go to all these conferences, meet investors, all this kind of stuff, meetings.

I'm flat out this week, like hitting the ground running tomorrow. It's all happening.

So even before this you're like, oh can we delay? By now I got to jump on Ausbies.

Yeah, yeah, out for dinner, Uber home, straight on. Had a 30 minute interview on Ausbiz podcast now. And now I'm going to start work after this 11:00pm you know, I need to be sort of on the game. So for an extra four or $5,000 Australian for a business class seat where you get the, like this is the first time I've done it. The, the flatbeds get a sleep in.

Is worth it because I feel as I'm going to get that ROI back with that dollar spent in my sleep. Efficiency, productivity. So that was where that decision came from.

Absolutely. Man. I remember you saying last time, like you're in economy, you're all scooched up and there's a lady behind you.

Like coughing all over. The whole time, the whole time didn't have a mask and you ended up getting covered, man.

So flight from New Zealand to la. This chick behind us was just coughing it up. Like she, her name was covered. Like she was just like, like this is covert. Behind me was just, I don't know how she on the plane she was doing, she was pacing up and down. She was basically throwing up, rubbing shoulders. Took a mask off. It was a show and got covered like the next day when we got in Miami. So man, business classes. So we flew Fiji Airways first time flying business internationally. It's really nice. Apart from like we literally flew through a snow blizzard. Like I couldn't sleep. I'm pretty good like flying but I had the sweaty palms. I had, you know, lying down, knees.

Mom'S spaghetti.

It was, it was scary. I was like fuck, this might be it.

The whole thing like just going like.

The plane so it had rattling noise. So there was stuff hitting the front of the plane. It was like. And it was going down the side of the plane. It Was going like. I don't know if you can hear that, but it was like that side of the plane and it was. It was choppy for a good probably two or three hours. Like, proper turbulence.

This is the start to every flight crash movie ever, ever.

And I'm a flatbed. So we're gonna go down pretty, like, cool. But if, you know, if this is.

It, go down balling, baby.

I was watching Friends, you know, lying back with the headset on, but it. Yeah, it was. It was pretty scary. So that was from 3G to San Francisco. So halfway over, like, probably four, five or six hours out of the U.S. it was pretty bad. Middle of the night. I'm pretty sure it was a snow blizzard. It was. It was like, here we go. But anyway, we live to live for another day. What's going on with you, man? What do we got? What's on the agenda this week?

Oh, mate. So did you want to do.

Let's kick off with the photo cover.

So we ended up getting some feedback from our first pod. And I'll tell you the feedback I got from my mates. This is how it went pretty much across the board. It's like bergs, you and Ben, you have the roughest heads. Why don't you change your face? Change your face. I'm going to change it for you. Why is your head so dry? There's not one drop of moisture in that head. And then it just went. Then they started ripping my face off, putting it onto memes. I'm like, where's the feedback? And then one of my jb, he's like, oh, it was really entertaining, mate. I'll give you some feedback a couple of days later. No feedback. He just fucks off, does nothing. And I'm like, come on, son. And then the other side was like, from my family. And they're all like, congratulating me and going, oh, it's above my head. I have no idea what you're talking about. But well done for doing the thing. So it was like there was no middle ground. It was just like blind praise and roasting. That's it.

Yeah, yeah, it's. It's family. I'm so proud of you, you know, great job. And then, mate, just like, you're fucking idiots. You look like a.

Like, yeah, yeah, yeah, that's it. And like, oh, my mates are such shitheads. And, oh, even some of them, like, one of my mates, I was shouting out here, I got a message from Joe and he's just like, you're so. That was even Related to the podcast, mate, he's just like. He's the shittest bloke. He was the guy that got in on the Discord Live, where he was, like, commenting on my head, and I'm like, oh, that's my mate. And he ties back. He's like, I've never met you in my life.

He's such a lad. And it's like, all. All of our mates are such blokes. And I'm like, yeah, what does that say about me? I'm a bloke as well. Definitely. I'd be roasting them the same. But, man, the memes that are coming through, I put some in the work slack. Oh, they're starting to heat up, mate.

I, I, I. I've heard we've got a new segment this week which is Meme of the Week. Oh, are we wrapping? Are we rapping with that or do you have one?

Because, like, I've got one, mate, we should. We should do it now. And it is gonna be the one that you just posted, I reckon that is Meme of the Week. So for those that are listening, I don't know if we're doing a screenshot here, but it's from the Lion King. It's Mufasa and Simba sitting down, looking out over all the lands. And Simba says, dad, what a. Capital gains taxes. And Mufasa says, you don't have to worry, son. You have to worry about that this year, son. And it's like, oh, my God. Because the markets have absolutely tanked. Everything's in the. You don't have to worry about your capital gains. We're coming towards the end of tax year. And that just got me right in the feels. Like, straight away, it was like, hide the pain, Harold. I was like, oh, my God, it was unbelievable. All right, Ben's back. He got rugged by his Internet classic. Ben. This is starting to be a theme, mate.

Yeah, I know it's gonna be. Yeah, well, I'm traveling around and shitty hotel, wi fi. Anyway.

Oh, mate. Can't be trusted. All right, we'll do Meme of the Week. So. So this week, Ben posted it yesterday. And this got me right in the feels, and it was just amazing. So I'll describe the me. So this is from the Lion King. You got Mufasa and Simba just sitting on the cliff looking out over all the lands. And Simba just goes, dad, what a. Capital gains taxes. And Mufasa just says, you don't have to worry about that this year, son. And honestly, because the markets have just taken the biggest shit. No one's making any gains. We're about 10 days away from the end of financial year and this just got me right in the field. Like I saw this when I woke up and I was just hide the pain Harold, like just like crying mate. And I was like oh. And it hit because it was funny and it got me in the feelings and it made me sad at the same time. Mate, it was so good. It's just like perfect Meme.

Funniest thing I've seen on Twitter. Dad, what is capital gains? Don't worry about that son. We don't need to worry about that this year.

Yeah, you just see him like putting his arm around, just going. You don't have to worry about that son. We're deep, deep in the red.

We're so far away from the green. You don't need to worry about that for a few years, son.

Oh my God. Yeah, that just cracked me up. That is meme of the week shout out to Opes. He actually gave me some good feedback. He's like where are the memes brah? So a bit of a low key meme Lord, just posting them out there and he's like bro, we've got to get amongst it. So that's our meme of the week.

Amazing, amazing. So you know, for those that first time listeners, second time listeners because it's only the second episode we literally do basically no preparation. We have a list here in Notion, we hit record and we just go for it. And the feedback last week, Bergs, I had some pretty good feedback. People actually found it valuable funnily enough. So that's awesome man. We're going to keep sort of talking about business, crypto, sports, life, food, travel, whatever the hell is interesting during the week. Wrap it up, give our opinion, our thoughts and yeah, hopefully you guys can take something away from it. So Bergs, you've got. I sort of, I sort of took the mic last week with my topic. Did you want to touch on. You've got a, you got a few things here. Do you want to. Is there anything that's burning that you want to chat about?

Oh mate, let's go into. I think the two we should touch on. Are we crypto rich? And explain not your keys, not your coins.

Okay then I want to, then I want to wrap with.

Having a good tax accountant and.

And traveling, being a nomad. So let's, let's do yours first.

Yeah, easy. So are we crypto rich? So someone makes like oh you're buying bitcoin, you're buying ETH and you've never sold. And I'm like, yeah, that's true. But I've also been absolutely fucking rugged because they're like, oh, you're sitting on all this cash, all these coins. I'm like, no. So no, I'm not crypto rich. You gotta understand, even though you buy heaps of shit, like I looked and this is just heartbreaking when you go back through your accounts and like in ICO days, like 2017, 2018, you're buying Ethereum at like 100 bucks and an ICO comes along and you're like, yeah, I'll chuck in 10 ETH. That's only a thousand dollars. No worries, let's go. And you look at it and like eth goes like four grand. Your ICOs go to zero. And even now with the markets, there's like, there's a beautiful page. We'll link in the show notes. It's coingolive.com coin/ath price. It shows you everything that's down. Things are down like 80%. Bitcoin since all time high, down 70. Ethereum down 77%. Oh mate. Even some in like the high 90s. And it's a beautiful site because it tells you that if you buy now, how much it actually you will gain to get back to all time highs. So like bitcoin for example, it's down 70% to get to all time high. It's 241% to get back up there. Yeah. So basically I've said in the past where.

In terms of my portfolio, crypto was about 30% of my net worth. Now it's probably down to about 10%.

So yeah, I've got other assets and all those kind of things.

But yeah, not like you're a property man, you got some stocks, what else you got?

Yeah, so yeah, property stocks, crypto are probably, probably the big ones I would say.

Yeah, holding like a few like precious metals, but nothing worth mentioning. But they're generally the big ones. Then you got things like, you know, your superannuation. Superannuation, a few other things. But in terms of asset allocation, yeah, crypto is about kind of 10%.

I'd say are you holding cash ready to sort of sweep the bottom or are you, you're all in this edge.

Yeah, cash heavy. So I've got a decent amount of cash offsetting my mortgage at the moment. And this is the part where I kind of come alive and start to invest.

Yeah, that's been my plan for quite a while where I've been waiting for a decent pullback, and now I'll start to kind of average in. And it's the hardest thing to do, where everything's absolutely down, and then, like, you know, the economy's wrecked, interest rates are going up, you know, everything's happening, and then you've got this kind of little safety net, your little kind of nest egg that's there. But then, you know, to actually build that wealth, you have to start deploying that capital. And it's one of the hardest psychological things to do.

Yeah. Buying the bottom 100.

Yeah. And then again, saying, I'm cash heavy doesn't mean I've got, you know, millions of dollars or whatever in the bank. I have a portion in cash, and compared to my portfolio, it is. Yeah, it's a. A decent portion of a percentage, but I've got that to deploy into investments that I haven't done already.

Nice. I think cash is so important during this period. I don't follow my own advice here because I've got no cash. I'm 99.84% crypto. So, you know, I think having cash during this period is a great time. And every three or four years, you get these magic opportunities where it's like, rather than chasing FOMO at the top in November last year, at $70,000 bitcoin, you've got this sub $20,000 bitcoin, which is huge. Right. And sitting on cash during these times is magic. This is where. This is where really generational wealth is. Is built. I'm the opposite. I just continually bought Bitcoin and ETH with everything I've had for the last six years. Six years, five years. Started buying early 2018. I took out a loan and do not recommend anyone taking out a loan to buy crypto at all. I did because I was living at home and I had no downside risk. My downside risk was bankruptcy. When I had no assets, I was still living at home. So I went to the bank and asked to buy bitcoin. I was 18. Said, Hey, I want a loan to buy Bitcoin. They told me to fuck off.

Amazing.

Yeah. There's the door. So I went back the next day, and I was like, oh, I'm gonna. Okay, I don't want bitcoin. I'm going to them. I'm going to America. I need some money. And like, oh, how much do you want? So they gave me $20,000 with a 12% interest within an hour and arrived in my bank account. And, and bought bitcoin and eth and a couple alts. And bitcoin was probably I think around $6,000 at the time maybe I remember. And yeah, paid the loan back within a couple of years. And.

This, this really goes towards, you know, our station life. And now is a probably good time to say we'll put a disclaimer at the front of this. But all of this stuff, not financial advice, not investment advice, we're not accredited to give you guys specific advice that is for your specific professionals. Again this is just two guys talking. Don't take anything from here and go and action it. Talk to your professionals around you. Please put a disclaimer at the front for that as well. And this really goes towards your station in life. So you know you're a young bloke and you know you're able to take on more risk, right? Like the risk of ruin is very low because you don't have heaps of assets. I'm 15 years older than you, got a house, got a family, those kind of things to consider. So my risk profile is a lot lower than yours. Even though I still invest in risky things like crypto. But I need to make sure that you know I have you know, 12 months worth of living expenses in the bank, right, like that's like have those kind of things steady, that my mortgage is kind of, you know, paid up, got a decent job, all those kind of things and balance out all that risk totally.

Two completely separate scenarios and everyone else's different scenarios as well. So I was chatting with a guy today I met up with and he is working full time as an investor in crypto. So traveling, meeting people, starting to build up his own Web3 company and doesn't have a salary, quit his in real life job and went full time crypto. And with this latest bear period, he's had to sell one of his bored apes to continue to fund his travel. Right. And the considerations that he was weighing up was okay, like I've got X amount of worth of Runway to continue sort of doing what I'm doing as a crypto investor. If things get worse though, you know that is going to halve that and my assets are going to have as well. So I need to make a call where I've seen my, some of my big project NFTs go from, you know, board 8 went from 400,000 in Australian dollar value to you know, 80,000 now something like that. Like it's huge, huge sort of reductions and he's had to make the call to Sell one of his board apes to continue funding. Where his downside risk was he'd have to go find, you know, a Web2 job again, go back into, in real life work. Right. Versus.

You know, continuing the dream which is in my opinion, living abroad.

Working, meeting cool people and doing awesome things. And that's, that's like, that's an amazing lifestyle. And if you can continue to fund that through crypto, well that's amazing. But the downside risk to go back to a job or risk of ruin, that's where you need to sort of weigh up your own decisions on selling.

Yeah. And you see a lot of people doing that where they'll save up a certain amount, like 6 months or 12 months Runway.

And then do kind of, you know, geo arbitrage where they'll go and live in a cheaper country, go over there, do all their crypto stuff, have a bit of a longer Runway. But then it becomes a problem where you know, if the assets that you have halve in value and your asset rich but perhaps cash poor and you need that cash flow, you have to sell those off at a loss or you have to get a job, you have to get that cash in. And there's so many considerations that go into just how you run your finances. No two people are ever the same. We're all at different cycles and different stations in life. We've got different risk profiles. Absolutely, man. But I love to hear these stories from different people and how they view this kind of stuff.

Okay, that leads perfectly into my next point around having a professional tax advisor on your team and having experts around you. So Bergs and I both share the same tax accountant and he's a weapon.

He is such a lad.

He's a lad, there's no bullshit. And he'll just talk to you about all this tact shit that I do not want to learn about but want him to help me navigate the space. And when you're talking at a level that's sort of important to you as a, you know, as an individual, they're levels that are important whether they're big profits, big losses, whatever they might be, right. They're important because they're going to change the way your cash flow is. I sat down with Texas again the other day and you know, I took a lot of profits back in 2020, 2021. So I'm looking at this going well. Jesus, you know, there's going to be a fair bit of.

This is the big meeting, mate, the one you're not looking forward to.

Yeah, this is the big meeting. So I probably sold. I don't know. I don't know if one of the name numbers on here, but it was. It was a substantial amount, right. And.

Have been continued DCA back into crypto and whatever else. So sat down with our tax account. I was like, this is the lay of the land. This is what's going on. And he just reeled off, like, so many different things that I've never even heard of. And basically he's like, we're fine, mate. Like, this is what we're gonna do. And I was like, yes, we're gonna do that. Let's do it.

So good, you know, so good.

I was the same, yeah.

Like, yeah, I was expecting, like a huge bill, right? Because I had. I had a decent year. I was working, I was running my own business as well. And I was like, oh, here we go. This is good. This is really gonna hurt. What am I gonna do? Like, this is crazy. And he's like, no, lad, don't worry. Like, we've set up a trust. This is what we're gonna do. We're gonna disperse this income. We've got this rule. We've got to make sure this is fine.

Yes.

And the bill just came down and I was like, oh, I just wanted to give him a big hug.

Yeah, I was the same, man. So, like, you know, I loaned some crypto to someone and never got that loan back. And I thought that was going to be a capital sale event. I thought that was like, okay, I've sold this crypto, I'm going to cop that as income. And.

It was like, nah, like, you know, we're going to do. We're going to implement this thing, this policy over here that sort of, you know, includes this and that the other. And then, you know, don't worry about. It was like, we're gonna be able to use that as a loss. I was like, man, I've been stressing for six or eight months around my tax procrastinating so longer. Some point got to the meeting and he's like, nah, man, we're sweet. This is what we're gonna do.

This is so good. And I love him because he's like, he's a conservative, conservative guy, but he always pushes the boundaries. Like, he's in. In all these groups. So he's a solo practitioner, runs his own business, but he's in all these groups to further his knowledge. And he knows where to push with the ato, the Australian Taxation Office, what the rulings have been and he can always ask the people in this group and even like my crypto stuff, like, it's insane to do. So I've got a specific crypto accountant for that. And that guy is so good, like the other crypto accountant where he's like, oh, this was an ico. This was that contract. He knows like all the addresses and names and everything. He does up a little summary from for our accountant, sends it across to him and then we just account for it. And it's just. It is so nice. It's like. And he even used to. He's worked for our accountants, worked for a few companies. He worked for a rich family for a few years as well and saved them a bunch of money. He's just so knowledgeable and just takes the pain out of everything and makes it easy. And he picks up the phone and you just talk to him and he's always like, cheery and always good. He's just unbelievable. It makes your life so much easier. And you actually, like, you never want to do your tax, but it's never super painful. He just makes it an amazing experience.

So I think this goes down to my point. I also had. It was around, like, surrounding yourself, the importance of surrounding yourself with smart people and smart people that know this shit that bring you up. And one of those sayings is like, you know, always be the dumbest guy in the room. And that's the sort of a bit of a motto that I try and live off around just in a non cheesy way. Just always trying to learn and. And surrounding yourself with people that know their shit and partnering and working with people that know their shit. That's how you and I started Burke's. This was like a few years ago. I was like, you know, we sort of connected through crypto. And you're like, I've got all this value. I can help you with. Like, what do you think? I was like, fucking, let's go. Like, and. And that's how we started. Because I was like, this guy knows his shit. This guy's smart. He's in the space that I know and want to learn more about. And there's other things in common and like, let's hang out. And that's how that started. And I think the people that you surround yourself with bring you up. And people that you surround yourself with that bring you down is also just as equally as important because that's something you need to change, in my opinion.

Definitely. And if you're the smartest guy in the room, you're in the wrong room. Like, that is exactly, like, right, what you said. And yeah, you need people that push you, that help you think in a different way, that help you grow. Personal growth is everything. You need to be uncomfortable and always growing. And even if I look back like three months, I'll be like, man, I was so dumb back then because, like, you know, I've thrown myself into this business. I've learned so much stuff. You know, working Async, working with remote teams, going hard in crypto, going fast. All the. The craziness of a startup is just a completely different world. And I was kind of involved in that as a consultant, but now I'm in it full time. And you just. You learn so much and you grow so fast. Definitely in the right space. 100.

That's the thing that I think keeps me moving is like progress, learning, progression, getting better in personal life, career life, you know, meeting new people, just putting yourself in uncomfortable positions, like, even traveling, like, I'm, you know, generally a bit of an introvert, and having to push yourself out there, traveling on your own, meeting new people that you've never met before, it opens up this whole new world, you know? The other night, I had an amazing night. You just meet some amazing people and you just create these friendships, relationships, even if you never see them again. Like, the idea that you just meet some random on the street and you learn from them. And if you're, you know, genuinely curious, like in San Francisco, for example, had dinner. Well, it wasn't dinner, just drinks with these people that I'd like nearly like, I tried to steal their table. He's like, nah, bro, that's for me. I was like, oh, sorry, man. He's like, we can stay if you want. I'm like, okay, I'll stay. And then. And then we had an amazing night. You know, he worked. He was. He worked at finance at Apple and was moving to SpaceX the following week. And the guy in the corner was working as an engineer at Dropbox, and then his partner was working at hello Sign or Docusign, whatever Dropbox acquired. And then these guys here were like. They'd been Australia before, and it was all a. Was like. And this other lady, his wife was in the NFTS and crypto, but no one talked to her about crypto. So we had this amazing conversation about crypto. It was like, it's just such a amazing feeling slash, like time when people. You just meet cool people that are just. And I've got no idea what their names are. Like, we'll probably never see them again, but it was just fun and so. Yeah. So new.

Isn't it wild how you just talk to them and you just get inspired and you'll find people like you or that do different stuff or have a recommendation or they say one sentence that just sticks with you and can change your world. It is so, so amazing. Yeah, get, get out there and meet more people, everyone. Like, meet at least one new person a week. Have coffee with someone you don't know and just have a chat to them. You'd be surprised at how it changes you, how it makes you happy, the things that you learn. It is unbelievable.

And what I've noticed as well, coming back to the US now for the second time, is that each state is so different, it is ridiculous. Like, you go to San Francisco and it's so B2B enterprise tech. Like that's all it is. All the billboards are like AI workforce chatbots, you know, enterprise SaaS. Yeah, literally. And you go to Miami, it's all crypto. And then you come to New York and it's just like all sorts of random shit, you know, whether it be Coca Cola or Disney or NFTs or whatever it is. And each state is so different and the people are so different and they work in different industries, you know, so in, as I said, in, in San Francisco is all B2B SAS. In Miami, it's all crypto. In New York, it's finance, you know, it's all different. So, yeah, that's.

I've heard that before as well. Where like, each state is kind of like its own little country.

Yeah, Literally.

That's absolutely wild.

Yeah.

Oh, mate, I gotta go. How long are you. How long are you over there for this time? Four weeks.

Yeah. So in New York this week for nft. Nyc. Kick that off tomorrow. Texas for two days. San Diego for a week and a bit, catching up with Iman and the crew. James, Mike.

Oh, nice.

Get a bit of work done. Milwaukee, doing a public. Public speaking course. I'm speaking, man. So, okay, so I'm speaking at a few things, as you know, later this year. So I've got a TEDx talk in Melbourne on crypto, which is going to be amazing.

Never spoke at this sort of, you know, scale event, so I'm going to Milwaukee to do a speaking course. Speaking in front of 800 people in Sydney at the research. What's that?

Just 800, mate.

Man, I'm like, that's a lot of people. At the Research Society's conference on, on crypto trends to research departments of big industries in Australia. So, like some of the Facebook guys, you know, Uber, Microsoft, the research, UI UX people in there. So speaking about crypto, it's gonna be fun going to Gold coast later this year, Wholesale investor in Sydney next month. It's wild, man. There's so much happening, so much fun.

Oh, mate, this is what we're talking about. Personal growth, like signing up for these things where you're just like, how am I going to do this? And just getting amongst it. The most the people I've spoken to was 700 at a conference and oh, it was great. It was, it was amazing. Like the people didn't like. I'm like, yeah, it's people, whatever. I know what I'm gonna say. It's great. Get up there. The thing that was like, whoa. Was when like you say a joke or you say something and 700 people laugh at you. You're like, you're like blown back because it is so loud. It's like, holy. It's like. Because it's like dead silence, you talking and this massive roar coming towards you and all hits you and you're like. It feels like all these people gonna come up on the stage and mob you or something like that was like the eye opening moment for me. I was like, holy.

I'm worried about them not laughing when I pull a joke.

They'll be fine, mate.

You'll crack them up, you'll be all right. They're there to be kind of like if it's Ted, you know. Oh, no, this, this is the, the other. The UI UX conference.

Yeah.

Oh, that cut out there. Hold up, let me just make a note. 21.

Say it again, man.

Yeah, this was the UI UX conference here with 800 people.

Yeah, the Anz conference. Yep.

Yeah, you just got to know that they're. They sort you out as a crypto guy. They want to know about crypto, what's happening, how it's going to affect him. Tell them all your crazy stories, mate. Like, crypto is wild. Like every day is something different. Someone's doing some dumb or something you don't expect happens or suddenly you're rich for a day. Like all this crazy stuff, like all these emotions compared to like, you know, banking or, you know, the sectors that they're in.

They're going to love it, mate. Let's talk about how wild crypto really is and sort of own your own keys, own your own wallet. All the. That's happening with Celsius. I saw tweets about blockfolio. Like.

Yeah, blockfi, they were just rumors, but tweets about their raising it like a, like 80% discount or something on their latest valuation to get liquidity or something. Ridiculous. This is wild, man. This is mass liquidations from these institutions.

All right, so let's go through the bare bones basics about not your keys, not your coins. So if you've never set up a crypto wallet before, this is how it works. You download a piece of software or you get a hardware wallet, which is like a little USB thing, and, and when you go to set it up, you get a 12 or 24 word phrase. These are just 24 words that you write down on a piece of paper and keep it very safe. And you'll either have a wallet within Chrome or on your phone, or you have a little device you plug in and you can have a password over the top as well. And the reason you keep those, that 24 words safe, it's called your seed phrase, is that if something happens to your software or your physical hardware wallet, you can then go to any other wallet, type in that seed phrase, and you can restore all of your funds. So it's super important to keep that safe. That is when you're doing a thing called self custody. So you own that. If you send it to the wrong address or you send like Bitcoin to an Ethereum address, that's gone. If you lose that piece of paper, that money is gone. There is no middleman whatsoever. The other extreme side is that you go to a company like, let's say Coinbase, and you sign up with an email address. They hold your coins, they hold your seed phrase, they hold everything. They custody all of your assets, so they control them. So the whole thing here is if you don't have those keys, they are not your coins. You do not control those coins. Even though you think you can send them somewhere else, they can block you from sending them, they can pause it, they can lose the funds. So, so they're the two extremes of the spectrum. And Ben, maybe you can talk about how that fits in with Celsius and all these kind of things that we're seeing in the market and terror and, and the downstream effects.

Okay, so let's talk about Celsius. So Celsius is like your crypto bank. Well, that's what they marketed themselves as, a crypto bank. So you could give them your crypto and they would give you, I think they said, 8% Berg, something like that, 8% yield interest, basically.

So it's like Going to think about this, right? A normal bank will give you like 0.1% interest so if you've got crypto and it's doing nothing, it' just sitting there, you're thinking mate, 8%'s a good deal. They seem like a reputable company I'll put my money in there 100%.

And they were a reputable company, right so but what they were doing is they're basically taking your crypto so let's say Bergs deposits $10,000 into Celsius and they're gonna write a burgs. If you give us $10,000 we're going to give you 8% per year back. And what Celsius would do, they'd come to me because I want a loan. I'll be like hey Celsius, I want a, you know, a thousand dollar loan, ten thousand loan. And they're like no worries Ben, we'll give you a loan but you've got to pay us 12% interest or whatever. And then the difference between the 12% interest that I pay and the 8% interest that they give to Bergs they would take the cut at a very simple level so they would take the margin, they take the fees basically and.

This seems very reasonable this is what a bank does they take your money, they give you maybe 1% and they'll lend it out to someone for a home loan at 3% they take the spread in between and that's how they make their money. Seems very reasonable on the surface.

Definitely what they were then doing from, from again this is still rumors at this point because none of this is confirmed but they were doing hypothecation which is like what the banks do. So so bergs would deposit $10,000 and then what they would do is they'd basically go and, and loan out more money than they actually had in their reserves so they would be using margin and they'd be loaning money themselves to loan out to others. So basically you're just stacking on risk at this point and then what happens when the market turns to shit is that there's a run to the bank because I'm like oh Berg is like hey, I want my money back Celsius, give me my money back because I've got to like pay for some shit. And then.

They'Re going okay Ben, we need you to pay off the loan. And I'm going well I can't afford to pay off the line because the market sent a shit. So so then they go oh fuck, like we don't have enough money to pay out the people that deposited money because they've got, you know, they're trying to earn yield over here. They're giving out more money than actually have and it's basically just a, you know, domino effect. So what they've done is they've gone. No one can withdraw crypto from our platform for the foreseeable future with no end date.

Yep. And this is the thing. So they're not your keys, not your coins, they hold your crypto and you can't get it out. You're at the mercy of what they do. So are they going to wait it out? Are they going to be insolvent? You don't know what's going to happen, but your money is locked up and you are powerless in this situation.

Yep. And they've turned off all their social media. They're not doing live AMAs, they're just saying, we'll try and figure it out. But for now you can't touch your money. So it's like putting, let's say you put, you know, a hundred thousand dollars of your savings in Commbank and you got a combat. And they say, oh, sorry, sorry, Ben, there's no withdrawals. What do you mean there's no withdrawals? Now we're like, we've got no money. Yeah, well, when are you going to be ready? I don't know, we might not be. And also you're the last one to be paid out if we all go under is the like is the sort of ranking like it is ridiculous.

This is crazy. And this, this happens in a lot of finance as well.

And a lot of, a lot of top people talk about this as well. And the two terms that I'll just define now are CO mingling and rehypothecation. So co mingling is where they get everyone's funds and they stick it together. So let's say Ben puts in 50 grand and I put in 50 grand as well into an account. They'll chuck it all together and all they need to do is have $50,000 there, not a hundred thousand. So someone comes along, looks and goes, he spends 50 grand in there. They'll look, 50, 50 grand. Yeah, it's there. Is Berg's 50 grand in there? Yeah, it's there. But what happened to the other 50 grand? Right. Like that's something that they don't have to prove. With co mingling in a lot of cases, rehypothecation as well is hypothecation is basically, I've Got some money there. I'll basically write out a script or a note against it and say we're lending that money out. Right. Which is fair enough to do. You're lending this money out a hundred thousand here, a hundred thousand there. Great. The problem is when you're accounting for that you. And when people do auditing across, I think it was across finance in the States, the average is three point something percent loans on that underlying asset. So if you've got 100 grand in there, you're loaning out 300 and something thousand if you want a good case. This is Dole Foods is one to look up where they ended up lending out like two or three times the amount of stock they actually had. So when that gets called or there's an event, they'll go to all those funds and all that co mingling and go, oh shit, we actually can't cover this. We're in the shit. And the way to get out of that is either people suffer that to put their money in or they don't let you get your money out or they're insolvent and they go bankrupt. So these are really. And especially in crypto when you're, when you're flying that close to the sun. And again with these things like the extreme of having your custodying your own assets and owning your keys, you're responsible for that. On the other side, someone else custodies it. So it might even be insured funds with some of them, those kind of things. But again, behind the curtain you really don't know what's going on. Like you don't have any access to see how extreme the things are that they're doing what they've got it in. Or if one event fails, the margin calls, the cascading fails, that will eventually come down to that service that you are in. And it's, it's very challenging to understand. But just know that the risks that you're taking along that spectrum.

Yeah, definitely. And we're seeing mass liquidations across the board, VC funds, lending protocols, you know, they all seem to be so levered up that when the market turns south, which no one predicted apparently is, is really bad because they're mass selling crypto to try and get cash to pay their liquidation, you know, dead.

It's wild when the big boys are getting hit. And if you think about it, if you're flying close to the sun and you've got a million bucks, all of a sudden that million bucks is 200,000 and you've got a loan, loans Outstanding. You got to pay your staff, whatever else you have to do. A lot of people are in trouble, like they haven't managed their risk. And to be honest, all of this that's happening now in the crypto markets was completely predictable from all the other four year cycles that we've had.

100%.

Like we're expecting this to happen. Right. Like there's, there's really no surprise. We know this and everyone's like, oh, this is a black swan event. That's bullshit. This is a white swan event. We know it's going to happen, we know how to prepare for it. We just don't know when it is going to happen.

Yeah, so the other thing I want to talk about, books was four years ago, 2000, five years ago, 2017, I went to Edcon ETH, the Ethereum conference in Sydney, met at Vitalik and he was talking there and there was no one there. And Ethereum was $80 Australian, so 60. Oh, it is currently 1100 dollars. Four years later.

Yeah.

And people are throwing the talents all over. It's going to zero, you know, the front of the newspaper, crypto party finally over. Everyone's on crypto and it's like, okay, great. If you look at the last 12 months, yeah, we're down 70%, which by the way has happened more than five times in the last 12 years. And if you look at a two year time horizon, Bitcoin's up 200%. Bitcoin was at three and a half thousand dollars two years ago, it's a 20,000 now. Ethereum was $80 four years ago, it's at a thousand dollars now. Like it is still the best performing asset class on the planet over a four or five year time horizon. Ten year time.

Exactly. And people lose their minds. And it's hard because. And if you think back three months ago when everyone was like mad into crypto, I'm like, I'm leaving my fucking job and going to crypto. To be fair, I've been wanting to do that for like a year and a half.

And you did.

Just timing. And if you think about all the people that are in here now, all the stuff that's being built and nothing has changed. If the price was $4,000 today, would your mindset change? Probably. But nothing has changed apart from price. Like people have been liquidated, they were flying too close to the sun. The big boys have, you know, there's cascading kind of things. People that have just bought in have been shaken out because if you buy in, it's your first time, you're like, okay, I don't really understand crypto. I'm going to get in. I bought it 4000, now it's a thousand. My missus is pissed off. How am I going to make rent? Whatever the case may be, these people are getting shaken out and they're selling. And then people are also hunting for liquidity because they need to get out of their positions and they're going to have to sell. So, you know, there's downward pressure on price. And like we've seen time and time again, it's more like a U shaped recovery where it goes down, it plateaus for a while and then something kicks it off again. For the recent cycle it was NFTs. So we just need to keep that in mind. Where for you, if your thesis is the same and nothing has changed apart from price, just keep going.

So I think it's important. It's a great point bergs to like differentiate value and price. They're two different things. So for me, the value of bitcoin has not changed. Like it is always very bullish in my opinion. But price is a thing that, you know, is just traded day to day by millions of people that agree on the price that they think is fair value. And there is companies, a point in time every few years in crypto that where you get this price that is undervalued in my opinion. And I think we're in that territory now where bitcoins are like US$20,000 and I think we are undervalued compared to the, the actual value that's producing. Whether you're looking at the hash rate, you're looking at the number of users in bitcoin, you're looking at the supply and demand metrics, you're looking at other markets, man. Snapchat is down 80%, Airbnb is down 50, Meta's down 60%, Shopify is down. Like everything is coinbase.

They're all getting hammered, everyone's getting fucked.

But yet the front page of the Herald, son, or whatever the hell it is afr is that the crypto parties over. Guess what? Everyone's party's over. Like there is no cool parties right now, you know?

Yeah, that's it. And even when you're talking about Bitcoin, the value proposition for bitcoin, Bitcoin is like the most intolerant thing on the planet. It sacrifices nothing. It's just like I want to be the most decentralized, I want to be the most secure, I want to be the Slowest to innovate because I am the.

It's a feature, it's not a bug for bitcoin. And even now with the inflation metrics that have come out, everything, the amount of money that's being printed, the value proposition for bitcoin is just getting higher and higher in my opinion, like it is getting stronger and stronger. And when you see that price go down, like I try not to tie, like you see it go down, you're like, oh, I want to buy the absolute bottom or. And we know time and time again the bottom happens for one second of one day. You will never pick it. Just to manage my psychology to be like, yeah, this thing is getting stronger, it's getting better. And there is a lot of innovation actually happening on bitcoin, especially with lightning and layer two, even with, even with eighth with the merge, that's happening to the point where I just need to start. And it's hard because prices are going up, you know, interest rates are going up, all these kind of things to then take some of your money and then put it into this asset class that could go down further. It is, oh, it takes a lot of mental fortitude to do that. But nothing has fundamentally changed for me, 100%.

And I think that's why not. Trying to pick bottoms and dollar cost averaging on, as boring as that sounds is like the best way to do it because you're not going to find the bottom. And usually the bottom, we've been speaking about this for a long time is that it's a U shape recovery on a bear market. It's not V shape. So I'm going to hit a certain price and then just bounce off it and that'd be the end of it. Like you're going to get this down.

Ben's cut out. Oh, oh, you're still there. All right, keep going mate.

Yeah, you're gonna get this drawn out period of time where, you know, crypto finds the bottom and it's accumulation phase. That's what happened back in 2018. If you look at the the chart, bitcoin went sideways for half of 2018. Capitulated went from 9,000, three and a half thousand sat at the bottom for basically the rest of 2018 and the 2019. We had that pump and I think that's what's going to happen here as well. Like I think we're going to be just sort of sitting around this twenty thousand dollar mark for a little while. Might have a capitulation event soon. Maybe it's already done. Who knows. But I still think that this is a great time. If you have $10,000 you want to invest over the next 12 months, it's a great time to start, like, setting up those automatic buyers and just forgetting about it.

Absolutely. And you'll look back on these times, it's like, hell, yeah, I made the right move. And, like, even with investing, there's no perfect time to get it. There's no. There is no perfect investment, man. This. This is the thing I've. I've discovered over time where think about your best investment you've ever made, the thing that made you the most money. Even that will never go perfectly. You would be like, I should have got in earlier. I should have put in more. Or your worst investments, I should have got out earlier. There's no such thing thing. And I think there's. There's a dude, I forget his name. I'll look it up and put it in the show notes. And his catchphrase is, like, you know, always be buying, like, it just over time. Just keep it simple. Just keep going. Have your, you know, 10% of your income or whatever you allocate to buying investments, whatever those investments may be, and just keep going over time. And it just manages your psychology so well. You automate it. You don't spend a lot of time looking at the charts and going, oh, my heart. Like, you know, when eth has dropped, like, you know, 50 in, like a week, you're like, oh, my God. And you're like, you're typing into your little spreadsheet, looking at your net worth. All that goes away, and it's all automated, and you just keep continuing on.

Yeah, I've got to. I'm happy. I'm. What are we, five or six years in now? Get to a point where I haven't looked at my portfolio in six months. I think I said that last week. Seven or eight months now you look at when you. When it's bullish and great, but I just completely avoid it when it's bearish because it just. What's it gonna do? It's gonna make you panic, it's gonna make you worried. It's gonna make you feel all these sort of emotions, and unless you really need the money. And it's something that, you know, you look to look to avoid because.

Yeah, it just puts you in this emotional state, you know, making clear decisions.

Yeah. And Even Sean from MySpace Million just classified this whole thing so well, where he's like, oh, it's just a new season. Where it's like, oh you know it was, it was a good season. It was the everything bubble. Everything was going up, everyone was making money no matter where they were. Everyone's getting fat, everyone's getting happy. You're going to restaurants. It's like oh, new season on now. Okay, great. This just dropped. You know it's a different phase. Okay. Might have to tighten up a little bit. You know all my thesis are still the same. Might. Might drop a little bit of weight. Can't eat as many fat steaks or whatever it may be. But it's just a new season for a little time. It's not forever. It's just for now. And these kind of times where you really build that kind of mental fitness and it really makes you appreciate the good times that you just had and the good times that are coming.

100% totally agree.

Bergs mate, should we wrap there? Where we wrapping? Any other final words? I think we ticked off everything.

No mate, I've got physio after this mate. My back's playing. I'm looking forward to it. I'm going to be tip top mate.

I want to smash some sleep pills and hit the hay. I think mate.

Get amongst it. Have some sweet dreams. Flying the clouds of bitcoin.

Mate, huge week. You want to give me a good episode next week We've got. We've got eight fest this week. Bought eight. Your club's event got Moonbirds, the David Blaine private magic show. 100 people.

Unbelievable.

Unbelievable.

Just a casual David Blaine mate. Why not?

It's gonna be sick. Got so many events going on. Costume thingo tomorrow night. NFT dress up thing.

What's your costume gonna be?

I'm gonna have one yet. Yeah. So you got to dress up as an nft. So I'm gonna go get my. I'm going to get one.

Do a drop bear. Do a drop bear. He's dressed as a giant bogan Siggy. Wife beater.

Aussie flag or something like on my chest.

Oh yeah. Southern Cross tattoo, mate. Get amongst it.

Just walk around with a barbecue like a sausage on the. On the barbecue. Yeah.

Or get a polo dress like an eche. So good.

A soccer ball.

Yeah.

As my wizard moonbirds. Nft. When you go find like a witch's hat or some description mate.

You got to get a photo for that and you got to show me. We'll put it in next week's show. That sounds awesome.

Awesome man. Great. Thanks everyone for listening. We'll be back. So we're doing these episodes every week. Benneberg show on you can find on YouTube, podcasts everywhere, I think. And I forgot to mention last week, we are part of my Collective Shift, the company that Bergs and I both are working on, which is helping people make better investment decisions in crypto, helping people figure out this wild west and trying to help you make money. So head over to Collective Shift if you want some. We've got heaps of free stuff now. Burgers, don't we? Heaps of free content.

Oh, we've got tons. Like, I'm having a look. Like, our team is so epic. I just love them, man. Like, the amount of information they put out, the way they do it, it's no nonsense. No, they spend all their time in discords, news sites, all this kind of stuff. Apply their analysis, package it nicely, give it to you. Yeah, head over to the website CollectiveShift, IO, jump in the top 10 tutorials, look at all the free resources we've got. Like, our mission is to get people into crypto, right? Get amongst it, set up your wallet, do all the free stuff stuff. And then if you want to bump up and learn some more, join us. Get amongst it. Have a good time. We're a bunch of like, you know, no nonsense, no bullshit. People just like the stuff you hear on this pod. It's all real loving. Building the company and building the product and people that are already customers give us a shout out in the discord about the product. Let's make it better, let's build it together. We've got some channels set up, we've got people helping us out. It's just great. I just. I love building in this phase where price goes out the window. Concentrate on the product, build out something awesome and just be ready for the next wave.

100%, man. Right, right there. Thanks, folks. See you next week.

Catch you, mate.

Have a good one.