XRP ETF Goes LIVE! The SHOCKING TRUTH About the WEALTH TRANSFER & The WIDENING GAP

All right, what's going on? We got a lot of stuff that we need to kind of talk about that's going on in the market and with cryptocurrency. Um, so come on in and, uh, we will get started. Let me off so we can get that going. All right, what's going on everybody? Beautiful day, beautiful day. A lot going on, and here we are learning how to get our future designed in a way that is absolutely pleasurable, um, in, in so many, in so many ways. And so, uh, we're going to talk about what is happening tomorrow, um, with XRP, what that means, and just I'm gonna sober you up a little bit and, and give you some, some good treasure. Hey, what's going on? What's up? What's up, everybody? We got some good stuff to talk about. I mean, the future is as bright as it can get. Hey, what's going on? LA is in the house. I love it. Listen, we are Kansas City. We listen It ain't gonna be too long. Um, time goes by quicker than what we can ever imagine, and there's gonna be some happy people. I'm gonna explain what's happening today, what's going on with XRP, just giving you a little update and let you know how people are playing this. Like, people are not aware of what's actually happening, what's going on from Pearland, Texas, Washington State What's going on? It's, it's all Miami's in the house. It's always good to see you all. I wish I had some Miami weather right now. I, I'm not sure what the weather is there, but I'm sure that it's, uh, it's better than what it is here. XRP for life, y'all. We got some good stuff going on. First of all, tomorrow, tomorrow, tomorrow is the first US spot XRP ETF expected to go live. Um, and I, I, pending whatever last approvals, you know how it works, but it's supposed to happen. And if it does, it's historic, it's huge. Um, and if you don't understand what that means, I will let you know. Oh, it's only 49 degrees. Okay, okay, okay. I think we might got you a little faded here in the chat town because, uh, it's— well, it's 46 right now. Um, so similar weather. Yeah. Um, Florida XRP utilization about to hit the roof. Yeah, I'm gonna explain that and I'm gonna talk about— go ahead and hit that like button. I'm gonna talk about how much XRP you need because a lot of people ask me that question and I'm gonna kind of break down my thoughts on it. Um, anything I say is not financial advice. It's not for you to go and invest off of the information I share. Talk to your financial advisor because investing comes with risk. Everything that I share is for educational purposes only. Do your due diligence because you can lose everything in investing. And, uh, that's something that I have to say. Um, we gonna get into it, uh, so you guys can see the bigger picture of what's happening. Um, there is something so huge happening. There are companies right now— I'm going to talk a little bit about XRP, but it's also going to be about Bitcoin. Um, because there's a lot of companies that's transforming themselves. Um, they, they're, they're taking profit and they're buying Bitcoin, they're buying XRP, they're buying Ethereum. Um, they're literally transferring into digital asset companies. I'm going to explain what that means. Um, but that's basically a wealth transfer happening. So I want to— and, and what that's going to do is that's going to cause the gap to widen. Okay, it's going to cause the gap to widen. All right, so I'm looking still at the comments while I'm talking. Sub first live up. Yep, yep. November 2nd, ISO 20022. What's going on? Had much needed workout after a long day. I love to hear it. I love to hear it. I have martial arts today. New Orleans is in the house. Listen, first ETF is live tomorrow. I spoke about this a little bit. Let me share what an ETF is going to do just so you can understand what that means, because they're talking about a lot of liquidity going in this direction. Okay, if you don't know what an ETF is, I'm going to just keep it really, really simple, or what it means for XRP. An ETF is basically a way for regular investors, so people with retirement accounts, pension funds, financial advisors, all of them, to get, um, hey Stevie J, what's going on? To get exposure to an asset without actually having to buy it directly and hold it themselves. Okay, so it's a little easier instead of somebody having a, you know, everybody don't want to set up a crypto wallet and figure out the exchanges and, you know, worry about security. And thank you, uh, Richard said, Rich said thanks for explaining. Yeah, I don't want to assume everybody kind of understands this when I say XRP is getting an ETF.. So, you know, like a VOO or VTI on a brokerage account, just like Bitcoin has an ETF like iBit. XRP's first, they have like 10 of them in line. There's a second one coming supposedly on the 20th. So there's several ones that are being released, but the first one is supposed to be tomorrow, right? So again, they get exposure to this, to the XRP without actually having to own it. Okay. So they can buy the ETF now through their brokerage account. Because you know all brokerage accounts don't sell cryptocurrency. Nah, I've been telling y'all now, if y'all been with me long enough— and I'm not even gonna go here, um, please hit that like button by the way and hit subscribe if you haven't and share this video with somebody who needs it— y'all know I love SoFi. I've been telling y'all about SoFi for a very long time. And the— I'm not gonna go into it today, I'll go into it another day. But the CEO, I saw his interview, and, um, and is ADA, uh, I like, I like ADA. I like it. I have, I have a lot of ADA, um, but I'm gonna see how much I have, um. But the CEO of SoFi is, uh, now allowing crypto. Oh, they sent you an email. They now allowing crypto. I'm like, this dude is so— he's so— I like him. That's all I can say. Every CEO is not smart. I'm telling you, this man has a lot of common sense. He's excited. He is, um, he's now allowing for— I think it's just Bitcoin starting off, ETH, and Solana. Don't quote me on that, but I think those are the three he's starting with. But of course, now what, what's going to happen with that is that he's going to now be in a competition with other brokerage accounts like Coinbase. And, and so he makes himself a— now a challenge to like a Coinbase or, or a Robinhood or whatever. Man, that man is— anyway, I won't get into SoFi, um, but needless to say, the brokerage accounts are now getting exposure. You heard about SoFi today? Yeah, um, uh, exposure. I'll talk about that on a different day, but they're getting exposure now to XRP which means now that, you know, people who have retirement plans can now invest in it through the ETF, which brings more liquidity, um, which we're hoping to bring the price up. But I'm gonna just calm you out a little bit so you can have clarity and wisdom. Okay, now that does— it does matter that the ETFs are coming out because it opens the floodgates. Okay, Ripple getting a federal bank license. Yeah, they trying to move like a bank. I keep saying they trying to move like a 500 fortune company. Like, they're moving like a bank. Um, but it opens up the floodgates for, uh, Circle at a good price for institutional money, for big money. Okay, so we need regulatory clarity, you know, we need a traditional vehicle, you know, for those who want to feel safe doing it that way. Now listen, I need to give you a reality check really quick. Don't expect— I, I'm not telling you what XR— I'm not here to tell you the price of XRP and all of that. But I'm saying, you know, some people like, oh, it's gonna hit $10 tomorrow. Listen, I would love to be wrong, but don't always expect some massive pump the second things go live. I'm not saying it can't or it won't, but I'm saying that's not really how it works. Think about when Bitcoin— now if it do, hey, fine. But when Bitcoin ETF launched, um, there was excitement, but the impact took some months. You know what I mean? So it did slowly gain more and more institutions, institutional involvement, you know, starting to allocate. And as more money flowed in, the confidence grew and it grew. And but they do expect for this one to be much better than Solana. You know, they set some prices on how much they feel like it could really go far. And again, I'm not the person to tell you that. That's fine. I wanted to, you know what I mean? Well, part of me wanted to, but then part of me, you know, I want people to be able to get in while they can, you know what I'm saying? HBAR didn't pump right away either, right? So, you know, if it don't pump right away, you know, people are looking for this stuff to happen the next day. Let me just sober you, and I'm going to tell you how much XRP would be good. I really feel like you gotta be long-term. You gotta be thinking 2030. You gotta be thinking 3 to 5 years, you know what I'm saying? Um, and that's, that's to get that real acceleration after institutional adoption. A lot of things will take off. Um, you're on the right path if you're holding XRP just because of where it's moving. You see what it's doing, okay? So let's just zoom out and just understand that even if you— even if I'll explain how much you need of it and what different options you have it, because it all depends. There is no one It's no one shoe fits all. Okay, now here's what— before I talk about how much XRP you should probably have or what options you have, um, people uploading the newest— see, all day is people upload. Yeah, I mean, you want to not just upload, um, the newest news, but hopefully they're sharing their take on it and educating. So this is why I want to kind of educate you guys on this. But you have now— there's a wealth transfer happening, and I'm gonna get into that. It really is, because you have companies that are used to sell coffee and, and hotels and shoes, whatever it is, they're making profits. And instead of just reinvesting them into the core business— I'm happy you listening, look at XRP Keys— instead of um, reinvesting it back into the business. They're taking profits and they're buying Bitcoin and ETF and all of that other layer 1, uh, they're buying utility coins. And eventually, hear me out, here's where the game goes. These companies are not going to be the same companies anymore when Bitcoin reaches a million dollars. They are probably going to become banks. And I, and I'm not just saying that. In 20— uh, there's a lot of, um, you know, there's a lot of speculation that— and I don't want to even say it's speculative now, I really believe this will happen— that Bitcoin in about a year, 2030, will reach $1 million. I think Cathie Wood, her prediction came a little down, but it was $1.2 million. And a lot of smart people was thinking, oh, whatever my business is, I don't have to do that no more. I can invest into Bitcoin, wait for it to reach a certain amount, and then I'm not even the same business. And let me— I'm gonna give you facts. I'm gonna give you facts because I pulled it up. And, uh, this, this, this is just one example. There is a coffee shop— look it up— called Vanati Coffee. Vanati Coffee. It says, uh, it's in Spain, I think, because it got X, um, parentheses, and then Spain, that approved the possibility of investing about $1 billion into Bitcoin as part of a treasury asset strategy shift. They have been meeting with the board members during the summertime to see if they could get approved for this. So if they put a billion dollars in, like, Bitcoin, and then Bitcoin reaches a million or more Like, they're not— they're not— they're not gonna need to do coffee anymore. They— they're gonna have so much, you know, net worth at that point. They have so much— they have so many options. Do you understand what I mean by the wealth transfer? It's not— it's for individuals, but also businesses are making a transition right under your feet, right? Please hit that like button. So the wealth transfer is happening because people saying, oh shoot, I know we hustling selling coffee. And it says that this coffee shop only has 6— is a very small— the company is very small, 6 cafe locations. So possibly by 2030, you got a company shop, I mean a coffee shop that just became pretty much a digital asset company. They could be loaning out Bitcoin at that point. They gonna be sitting back getting yield on Bitcoin. So I'm telling you, there's a shift that people are setting themselves up. The floodgates is opening and there's a transition that's happening, and you better be on the right side of that transition because these are small companies, not probably a lot, you know, a whole lot, but I mean, they obviously found a way to figure out how to get that billion dollars to invest it. But they're making moves, and that's what these— I'm just giving you an example of why these companies are putting so much money in digital currency, right? Palantir, NVIDIA kicking my butt. Uh, you must have got in when it was kind of high, unless NVIDIA fell during post hours. Uh, I'm looking at it real quick. I don't think it did because I'm up. It's all about when you get in. What's, uh, post hours? Oh, it went— it dropped a little bit. But anyway, how much, uh, XRP do I need? How much? What's up, George? What's going on? How much? You're right about the other day, curve spending and invest. That's right, paper dollars would be the next goal. Wow, that's pop— yeah, yeah, that's— it's powerful how people setting up. But y'all better be setting up the same way because you got to be positioned on the right side of this and you just gotta wait. Just wait, wait. I'm telling y'all, when I'm telling you, just wait. This, this is— the pieces are coming together. You should be excited, but you can't be like, oh, um, it dropped tomorrow, what's going on? No, again, don't look at that. Oh, Bitcoin dropped, so what? Buy a little more, throw $20 in there, throw another $50, throw another $100 in there, okay? Um, hi, you sure? Yeah, yeah, yeah, the pieces are coming together. All you got to do is do your own research, do your own re— I'm sharing what is happening. There is institutional adoption, 100%. Yes, there is institutional adoption. I'm sure there's a Clarity Act, there's a president who wants U.S. to become the crypto capital of the world. Okay, all you got to do is wait, and I'm gonna explain that because Okay, this is where I get to like, how much do I need? How much should I— a lot of people ask that. Well, how much you think I need? How would you need— think I— well, first of all, if you don't have any, man, get your $50 worth. I'm gonna show you something. I, I, I'll be looking this up. I asked— I went on to try to do the math of how much, um, this gonna— this gonna give you perspective. How much was Bitcoin Ethereum and XRP, um, when it first hit. Look, it says that— let's see, what was— I was trying to get the lowest. It says that Bitcoin lowest closing price was about 6 cents, 6 cents, y'all, on July 14th, 2010. Okay, now I'm looking this up on ChatGPT, so you know, maybe there's a little error, but this is probably right. Then it says, um, when Bitcoin was launched in 2009-2010, it was effective— effectively worth zero. In that sense, there was no real market price. Okay, then it says Ethereum, the lowest recorded price, uh, for ETH was about 43 cents, October 2015. XRP all-time low is around 0.00268 $0.06. Not even a penny, y'all. Then I asked, well, if you would have put $50 into those prices at that point, what would it be now? Bitcoin— oh, I'm sorry, $500. $500 Bitcoin. If you bought Bitcoin at that price, at $500, you would have 8,333 Bitcoin today valued at $849 million. All you had to do was wait. I heard somebody say that most people who sold their Bitcoin regretted it. Nobody who's held on to it regrets it, but all those who sold it do. How much Ethereum would you have had? $500 put into Ethereum at that time, $3.98 million. How much of XRP would you have had at that time? And, and of course, this ain't even back as long as, as Bitcoin because Remember, uh, XRP 2014, ETH 2015, to say lowest price. XRP, the value today, $500 would be $442,600 because you would have 185,000 XRP. So whatever that 185,000 is, if XRP— when XRP goes to $5, it would be $5 times the 185, right? And so— or $5, or the 185, um, XRP times whatever the price is. Okay, so we times it by 2.39 because that's the price today. But when it goes to $5, when it goes to $10, when it goes to $20, when it goes to $30, you're timesing how much you would have got, right? So I'm just trying to show you that time matters, that when you wait, you are good. So zoom out. And stop looking day to day to day to day, okay? So like a small bag of XRP, for example, would be 500, probably 500 to 1,000 XRP. I know some people who got that, okay? I'm not selling any Quant in this cycle. I'm, I'm not selling much of anything, to be honest. Um, I gotta— I got, you know what, I got some take profits, I'll say that. Uh, but I have enough of it. So, but if you only got 500 to 1,000, I have XDC as well. If you only, um, uh, ATL, if you only have about $500 to $1,000, you're long. You're long. Don't even think about it, okay? Just, just sit back for 2, 3 to 5 years, okay? You're looking at 2030, maybe beyond, whatever. Because I'm gonna tell you what the— sit it and sit it and set it and forget it. I'm gonna tell you what the end goal is, okay? Y'all don't know what the end goal is. I'm gonna tell you what the end goal is, okay? So, but you're looking at $20, $30, and beyond. That's okay, not a bad thing. You got it going, you got a small bag, you know, you— but you can't be taking profits at $5 and $10. No, no, no, no, no, no profits. You— but anything I say is just for educational purposes only. I'm not telling you what to buy, hold, or sell. I'm not your financial advisor. I'm saying what I would do, and I'm just sharing this for educational purposes. But I wouldn't touch it, right? Big picture thinking. Yes, I wouldn't touch it. Okay, and I know that's hard to hear, But the less you have, the longer you have to wait. And that's just the reality. Okay, if you're young, because some people are young, you actually have an advantage. You got a little time on your side, you know what I'm saying? You can stack here and there. You, you got time on your side. Okay, a medium bag would probably be, uh, $10,000 to $30,000. Okay, so you're still looking long, you're still long, but you got a little more flexibility because maybe you can take a little bit of profits along the way. You know, you can scale out at different prices just a little bit. You want to have still a nice bag for the future, and I'm gonna tell you the end goal. Just wait for it. Okay, so you can take a little bit, um, and it could be smart if you got high interest debt or something like, you know what I'm saying, like, or you want to maybe invest a little in your business or whatever. Okay, um, you may need some liquidity, so it's all good. You might have an opportunity coming up. Okay, but you got a little bit of wiggle room, just a little bit. XRP, yes. Now, um, the larger bag would be probably, you know, $40,000 and up, $50,000 and up, whatever, you know what I'm saying? And so maybe even $30,000 and up. But again, because you have more, you can scale out more at different levels. You can take profit at 5, 10, 15, 20, whatever. Okay, whatever your targets are, you should be very strategic about it and what amounts you want to take. Okay, now here is the end goal. This is for XRP. We, we know folks ain't got no $50,000, Bitcoin right now, you know what I'm saying? So this is XRP. If you got $500 to $1,000, you sh— I wouldn't touch it. I— it— that's just long term. All of it is long term, by the way. But, um, rewire your brain. Yeah, it's sad that consumerism misinformation has screwed so many people. This is such a true comment, you know what I mean? It really is. They screwed them. We folks out there just spending money like it ain't nothing. Okay, watch my video. I showed y'all how I built, uh, my crypto portfolio. It was very simple, okay? Everybody can do it, you know what I'm saying? But I had a guy today, I just talked to him, and he— it was— it's his first time getting into crypto. I sat and talked to him for like 45 minutes, um, and, and, and it wasn't— it wasn't a risky move for him. He has a nice cushion in his brokerage account, and he had no crypto. And so he's like, well, which ones? I'm like, you know, so I'm telling them the utility ones, man. He took $500 out. He said, let me just get exposed. It was a small amount of what he had, so his situation was good. But it's like, you never know, he could look up 10 years later and that $500— you see what I just showed? That's why I showed you that, because I showed you on the ground floor. We have no idea. And it's such a little risk when you already gonna spend that money. It's such a little risk. If somebody had to say it You know, ask yourself what you was doing when Bitcoin first came out. You heard about it, you know, in the background of life, like here and there, but it was just like, nah, you know, like I ain't paying much attention to— I was trying to think, what was I doing back, man? Why didn't I put $500 in bit? Why did I put $10 in Bitcoin? Can you imagine, right? So, um, all right, uh, thank you so much. I appreciate, uh, the gift so much. What do you consider a big bag of XRP? Well, when you say big bag, it's kind of like, um, what's big to one person may be not big to another, but I would say at least 50,000 XRP and above. Like, so you got some people that got 300,000 XRP, you got some people that got a lot more, 500,000 XRP, but at least 50,000, um, is— or more is big. So I consider a small bag like 500 to 1,000. Most people don't have 1,000, by the way. If you got 1,000 XRP, you're 75% above. Most people don't even know what it is. If you talk to— what is that? I don't know. They still behind on crypto. Most people have— don't have the exposure that you think they have, right? And so what a bigger bag just does is give you more options to take profit along the way. If you have 500 to 1,000 XRP, which would be worth not even $3,000 right now. You just need to hold. You don't need to be taking profits. You sh— I wouldn't, I wouldn't. I'm not telling you what to buy, hold, or sell. This is for educational purposes only. But no, you shouldn't like, oh, when it reaches $10, I'm okay. No, no, no, no, no. Again, everybody who sold their Bitcoin regrets it. Okay, hold on that for, for, for 5— hold on that to at least 2030 and see what because I'm going to tell you why, okay? Um, like I said, a medium bag might be $10,000 to $30,000, okay? Because I tried to tell them I'm buying $2 a day. Yeah, so this is why depending on your age is how much you need. Absolutely. Like, our age— like, there is no one shoe that fits all for this. Like, it depends on when you bought, how much you got, you know, all of those different things. But what I'm saying is all of us should be long-term even if we're taking profits along the way, if you have enough, if you're in the tens of thousands and you have a little bit to take profit to do something very, very smart with it, make sure, you know, that, that you play this right. And, and, and don't be on the back end of this. Start planning this. I have my take profits. I have exactly how much I— matter of fact, I got limit orders already set. I have how many, what, what numbers I want to take profit at and all of that. Like, I have it written down. Sometime I go back to it, I reorganize it. Like, I'm very involved and what I want for that. But I'm long, I'm— and I'm gonna tell you why. Here's why, okay? Because we didn't— we ain't just saving this money for nothing. We're not even just saving this so, um, or not touching it so, oh, wait till Bitcoin reaches a million, I'mma cash there. No, it's not for the cash out, you guys. It's not for that. You want to know what it's for? It's for yield, okay? It's for yield for staking, for borrowing. Okay, let me explain, because right now there's banks, there's real banks that's offering yield on Bitcoin. Okay, somebody, I need help, I'm so— that's okay. Listen, that's what I'm here for. That's why I keep coming back all the time to help you guys with this, because you guys are going to grow. You going to know more and more. It's a just a Listen, if you can become 1% better every day, if you get 1% more knowledge every day, that's all it takes. That's— it's steps. It's steps to this. Okay, so yield. Okay, so, uh, meaning you can hold your Bitcoin, you keep the full exposure to the price. If it goes up, you benefit, but you also earn 8 to 10% annually. Okay, every year just for holding it. So you have— there's a Swiss bank called, uh, Signum. I think it's S-Y-N SYGNUM, I think they just launched a Bitcoin yield fund targeting about 8 to 10% annually through institutional trading strategies. So, um, but it's for accredited, uh, investors, but it shows where the space is headed. Okay, that it just shows where the space is headed, even if it's for accredited investors. Okay, then you have, um, I don't know if you all hold this, hold it with banks. Yeah, you you can, uh, and I'll tell you about the borrowing against. So yeah, you'll be able to hold it. So imagine that company that was saying that they want to invest a billion dollars into it. Let's, let's say— I always want to do the math on this— let's say you wind up with $10 million, right? And you can yield 8 to 10%. Let's say you do 8%. Let's go on the low end, right? That's $800,000 a year. And you're— and your money is not being touched. Your $10 million worth of Bitcoin is not being touched. Now of course, institutions, that number is going to be a lot more. These institutions is buying in heavy, so they gonna have $100 million, they gonna have a billion, they gonna have billions of billions. And but I'm gonna tell you the downfall for the fact that people are getting wealthier. I'm gonna tell you the downfall. Thank you so much, Pookie, I appreciate that. I love you too, man. You guys are wonderful. So this is, this is a way to get yield. So they're not— this is not about selling. That's why I'm like, hold the bag, hold the bag, because it's more than just selling at a profit, you know what I mean? This is about yield while the price continues to appreciate. Okay, then you have what you call— because iTrust Capital is a— I love them because they're You can do Roth IRAs and you can do non-IRA accounts with them. And they sell— there's not a lot of Roth IRA accounts that you can do Bitcoin with, but iTrustCapital, you can. Now, if you, um, familiar with them already, they've already added staking options to crypto IRAs and they're expanding. I again heard— I, I listen to these CEOs, y'all, right? I listen to them. I listened to the CEO and he's— they're trying to expand to yield products. Okay, so that's another sign that yield and staking are moving mainstream. Okay, now the borrowing part. Okay, the borrowing part is you can also borrow against your assets. You use it as collateral, but the yield you're earning can cover the interest on the loan. I don't want to get too deep in this, right? And again, Let me just say a quick disclaimer with this. Borrowing against crypto carries risk. Borrowing against any investment carries risk. You got to know your loan-to-value ratio, and you got to stay conservative so you don't get liquidated, okay? So you got— but if it's used wisely, it can become a powerful tool, okay? Everything I tell you is for informational and educational purposes only. I'm not telling you what to buy, hold, or sell. This is for educational purposes only. Speak to your financial advisor. But, uh, they build when you bought— they— so the wealthy, this is what they want to do. They want to borrow. Imagine if you're getting 8 to 10% yield on— we just went through the numbers. I just did clean numbers. You, 8 to 10% yield, um, $800 million a year, okay? And say you want to borrow against the $800 million. Ah, You're not even borrowing against the asset, you borrowing against the yield on the asset, but you borrowing much less than what the yield is. So if the yield is 8 to 10%, maybe I want to borrow 3 to 5%. Let's go low and say 3%. That's $300,000. I'm borrowing $300,000, I'm yielding $800,000, and my asset is still growing, man. Listen, y'all, y'all don't understand what's really going on. Now this is with a small number, okay? Because these banks and institutions, again, they got hundreds and hundreds of millions of dollars, okay? So then you got, yeah, Ripple, like I say, moving like a Fortune 500 company. But the wealthy is trying to build income-generating assets. They create systems where their money work for them. So the strategy, and this is what you need to think about, is that you let your utility crypto and your Bitcoin appreciates. Appreciate. Bitcoin go to $500K, $1 million. XRP, $10K, $20K, $50K, $100K, whatever it's gonna go to. Okay, give it some time. This is long term. You don't sell it, you hold it unless you have enough to sell. You got $50,000 and you say, I'm gonna take $10,000 of this and take profit along the way, and you still holding the bag for $40,000. But you don't sell your bag. And then as time go on, trust me, you'll eventually be able to stake it, earn yield on it, 8%, 10%, maybe it's every month, every quarter. That's passive income. And then you can borrow against it if you need liquidity. You can borrow against it. You can use the yield as collateral because the yield that you're earning covers the interest on the loan. And then the original stack, it just keeps growing. We're talking about generational wealth. You never gotta sell it. You'd never— you pass it on to your kids and they pa— and you educate them, right? Because if you being educated, that's, that's what I'm educating you for. Not just for you, but for everybody around you who will have an ear to hear. For your, for your kids, your nieces and nephews, open them up some custodial accounts, sit down with them, give them the game, explain to them what's going on. And man, you will never have to want for anything again. This is how generational uh, wealth is built. This is how you set your kids up, your grandkids. This is how you create freedom. Are there tax implications? Absolutely, when you're making a profit. But the thing is— exactly, thank you, I appreciate that so much. But the thing is, and, uh, let me put that, uh, I'm okay. Are there tax implications? Yes, when you make a profit. You have to pay taxes on taxable income. What is taxable income? I can tell you what ain't taxable income— debt. Debt is not taxed. Debt is not taxed, guys. And this is why people will create yield and borrow against it. And it ain't— and again, it ain't like, oh, I gotta borrow against the actual asset. If I'm creating passive income from it, I could borrow against that if that's enough. Or I can, I can use that as collateral. Let's, let's— I could go to the— see, you got options when you're wealthy. You walk in the bank, you say, hey, Uh, um, my, um, my, uh, my crypt— my digital currency is making this much of a yield. Um, you know, $800 million a year. I want to borrow against that. You know, let me know what you got, man. They're gonna throw money your way. Okay. Um, I like the idea of yield for Bitcoin that's going on currently. Thoughts on proof, uh, on stake blockchains? Uh, you can buy coins and stake right now. Yeah, yeah. And you know what, I had Uh, yes, and thank you. I appreciate your kindness for this and, uh, for your generosity. Thank you so much. I don't take that for granted. Thank you, guys. Um, yes, you can stake it on the exchanges right now. Um, the only problem I had in some of my stuff— a few of my things were staked on there, but once, um, I started like realizing I wanna, I wanna have this unlocked for now, you know what I mean? So I was staking it like last year, earlier this year. What was it? Early this year, maybe late last year, I can't remember. Um, yeah, last year into this year, but I unstaked some of it because I was like, I, I need to make— be able to make moves. And then at one point, I think they limited the amount of time that it takes to unstake, because that was the problem. I was like, wait a minute, it's gonna take 20 days to unstake? So then I was only staking like a small portion of it. So yeah, you can still stake a small portion if you don't plan on selling it or whatever. But yes, there are staking options now. In the brokerage accounts and everything. So yeah, you can even start staking it right now if that's what you want to do. Um, I was just— I, and I still got like, um, I have some— what is it that I have staked still? I have, uh, Polkadot I think still staked. I have a few of them still staked. Okay. Um, so, but the whole idea is options. And you know why you want options, you guys? This is about freedom. Freedom to wake up and do what you actually love instead of dragging your tail into a job that you hate every single day. Because let's be honest, most people hate their jobs. You got freedom to now walk in your purpose, freedom to give back, freedom to do things that you enjoy, freedom to take your kids around the world and have experiences. If you want to get on a yacht, then get on a yacht. I'm not, I'm not saying that you should go and spend all your money lavishly or anything like that, right? But I'm saying, I'm talking about the future. I'm not talking about tomorrow. I'm talking about when you got enough money to enjoy things with your kids and give them a great experience. Like, not just have to wait paycheck to pay. Oh, I got a trip coming up, let me make my payments on it. Let me say, you know what I mean? Like, that's what it's really about, is that we don't have enough options, you guys. We are the new 1%. The wealth transfer is happening, I'm telling you guys. Um, wait, I was trying to catch— nope, I was trying to catch this one right here. Sorry, it keep, it keep running away from me. We are the new 1%. There's a wealth transfer that is happening, and I want y'all to get aboard because what's going to happen— I'm going to tell you what's going to happen. Yes, there— when I tell y'all, I believe that there's going to be more billionaires. Being a billionaire is going to be like being a, a— there's gonna be trillionaires. There's— being a billionaire is going in the future become like being millionaires today. But guess what's also gonna happen? Guess what's also gonna happen? I appreciate this. There's going to be more poor people. The gap is going to get widened, guys. I'm telling you the truth. More millionaire, multi-millionaires, more billionaires, more poor people, right? It's gonna, it's gonna spread thin because— but it's all about the fact that people are positioned. And the reason why is poor people not gonna be poor just for the sake of like, oh, they poor. It's just gonna be because labor is gonna get outpaced by inflation. And on top of that, let's not even get into AI taking jobs and stuff from people, you know what I'm saying? It's gonna— if you don't have a certain— that's why you, you parents and grandparents, you better start talking to your kids. You might need to tell them to switch their ideas of, oh, I'm going to school to be a you know, social worker or what. Ain't, ain't nothing against— so I'm not, I'm not trying to dog nothing, but I'm just telling you that some jobs not gonna be worth a penny when this AI is done and said and done. It's not, it's not gonna be worth nothing. So I'm just telling you that you better start telling them that they might need to rethink, and they better learn, get educated in AI, and they, they better know something about tech. They might want to rethink their jobs. If they're, if they're invested in labor. Now, for, for us, what we're trying to do is build capital for our future. Why are we trying to build capital? Because capital is going to make more capital. Capital gonna make more capital than your labor is going to make capital, just like that. So that's why we're in this. That's why we have to think long. We have to get in position, and we can't be late to the party because you're gonna have a hard landing if you late to the party. See, people— I hate my job, horrible day today, you know what I mean? This is how we get out of this rut, this rat race. We got to get out of this, and we got to get our kids and our grandkids out of this. And all it takes is a little patience. All it takes is a little patience, guys. That's all it takes. The patience that somebody had to invest in their Bitcoin back in the day, or invest in their Amazon back in the day, or their Apple and sit and wait 10 years later or 5 years later. I don't even think it's going to take as long for some of these digital currencies. But again, the options— it's not about like, oh, I'll be able to sell. It's about the, the passive income, the options that you'll have. And I'm not saying that you won't sell or take profit. Yeah, people take profit. I'm gonna take profit. But you know what I'm saying? You, you got your bag for the profit and you got your bag for the long— and for the long-term goal and to pass it from generation. You got to pass something, y'all. Yeah, you get If you want generational wealth, you have to be willing to hold assets for a generation, okay? So something got to be held and passed on. All right, all right, all right. I, I know that was a lot. I know that was a lot, but I really hope you guys are seeing the bigger picture. And, um, uh, yes, yes, you can, uh, the link is in the description. The link is in the description, guys. If you guys want to— first of all, if If you want to join my membership right here on YouTube for only $3.99 a month, yeah, we do live Q&As there. We hang out. We had a good time Monday. I answer questions. We break down setups. We talk about what's happening in the market. It's more intimate. It's personal. So you can join that. But then also, if you want the full transformation, the full coaching experience, the link is in the description for that. And if you do want a personalized plan, please do Uh, just go ahead and, uh, click and book a call with me. I'd love to talk to you and see how we can work you through your game plan. Um, thank you so much. I appreciate this so much. All right, well, I just wanted to share that. I wanted to give those nuggets and talk a little bit about it. Of course, I'm gonna be back on and I'm gonna be sharing some stuff, and I'm gonna be having a post, um, you know, talk about what, what went on with the XRP. We got another one coming out on the 20th. I think that's— is it Bitwise? Canary is tomorrow, and I think Bitwise is on the 20th. And then the rest of them have all amended. They had to amend because the language was weird, I guess. I, you know, this stuff, they, that they be tripping. But anyway, there's more ETFs coming out. So XRP has about 9 or 10 or something. So we're just going into the first 2 right now. So we're gonna have this conversation and see what's going on. We're gonna see where it even ends at the end of the year. Uh, Tom Lee is still expecting a bull run with crypto and with the stock market. As a matter of fact, I think the Dow hit an all-time high today. So, um, hey, we still, you know, even with the pullbacks and, you know, all of that, we still— it's a lot of volatility, that's fine, but it's still looking like the end of the year, um, it could be on track for some all-time highs. Right. Um, well, I can't tell you, um, I can't tell you what to buy, hold, or sell. That's something that I do in my coaching program. Um, because that's not a, that's not a question that you can necessarily say yes or no. It really depends on you, your age, your amount, how much you want to, you know, have in your future. Like, there's a lot of things that would make that answer different for each person. So, um, but that is something we can, we can discuss if you, uh if you book a call and, and talk through what options are available for you. Um, and, and again, um, where is this at? When do I sell my XRP? I'm moving to Ghana. Yeah, I mean, it depends on how much you have. And, you know, nothing I tell you is, is financial advice. It's for educational purposes only. I'm not telling you what to buy, hold, or sell. Um, speak to your investor about that. But it depends on, like I said, how much you have and, you know, um, where you want to— you know, how much you want to hold for the future. I— yeah, if you don't have a lot, I wouldn't be touching anything. All right, uh, somebody said I bought XRP under a dollar, would like to accumulate more but worried about my— don't worry, don't worry about the average. Um, at some point, you know, worrying about the average will keep, keep you not investing in stuff. I, I used to feel the same way. Dang, my average gonna mess up it. When you're thinking long term, the question is, whatever your price is today, do you think it's gonna be worth it in 5 years? Do Do you think it's gonna be worth it in 10 years? That's what y'all gotta think about. And I'm not saying buy stuff on the top, right? But if you're buying quality companies on top, like at some point Nvidia hit an all-time high when it got to $150 or $160. If you bought it there, we're thinking 5 years out, is that a good buy? Don't think 2 days later. That's when people buy high and then they sell because it start crashing and they're like, oh my God, I need to sell. No, not your blue chip companies, not your Magnificent Seven, unless you're trying to take profit. And you definitely don't want to take profit when it drops. You're gonna have to wait for it to rebound, baby. All right, um, so we're thinking whatever you're buying to— like, whatever you're selling today, maybe you should have bought at another time. Like, and we're talking about like more of a long term. I'm not talking about like swing plays, you know, swing, swing trades. Is a different story. You, you know, you're trading, of course you want to buy low and sell high. But I'm just saying, um, when you say what's a good time to buy, you know, on pullbacks, right? By the 200 EMA, um, on red days when it's down 5%, 10%, definitely when it's down 20%. These are good companies, y'all, and utility coins, not, not, not high-risk plays. High risk, small amount on Okay, we're talking solid stuff that is going to elevate that utility, um, by 2030. Okay, so good strong companies, right? So yeah, you're thinking— you're not thinking tomorrow. Maybe it will drop tomorrow, you know what I'm saying? Maybe it will drop next month, but we're talking— you gotta zoom out, guys. Zoom out. I keep telling you, zoom out. Uh, crypto isn't— thank you. Yeah, it's not a, a rich get-rich-quick scheme. It's not. You have to have a very mature mindset. It's going to go through volatility, okay? Do you, do you know people been holding, you know, ETH and XRP and Bitcoin for quite some time? Especially XRP. XRP done went through the, through the storm, baby. It went through the storm, um, and some people still sitting on a buck, a nice buck. I ain't talking about a buck buck, but a nice buck, um. All right, uh, I don't do a lot of swing trading. I mean, I've swing traded like Ando and Cardano. Um, I don't do a lot of swing trading for crypto. I, I do a little bit but not a whole lot. Uh, I just add to my positions, um, and I wait for the bull run. I, I kind of hold and add and buy on— I buy on the dips basically. Utility coins though. I do have some high-risk coins, don't get me wrong, and I'm just letting them sit and I'm just gonna see what they do, but they're— the money I put in is like, I, I don't— I, I can lose all of it. I'm okay with that. I ain't put that much in there to be worried about it. All right, um, I was buying 50 cents still under. Yeah, okay, you was buying— today's price is not the future spread. Yeah, yeah, yeah. So we got some room to grow, y'all. Again, zoom out. Um, it could crash tomorrow. XRP, one of them ones, it's like it could get a million things good about it and still be dipped down to $1.50 tomorrow, you know what I'm saying? I ain't worried about it. I ain't worried about it. When in doubt, zoom out. If it dropped to $1.50, by the way, I'll just be adding. I'm looking for the future. All right, all right guys, that's it. Um, please hit that like button, um, if you have not already. Please do me that favor. And again, you can join the membership. The membership is your way of supporting um, the channel, you know what I mean, so I can keep bringing you this content for free. And to say thank you, I do do the private live streams and the Q&As there, and you have access to all the previous videos, um, that the regular channel don't get access to. And that's just my way of saying thank you, um, so much. Um, I'm just looking at these last little com— uh Is there a particular XRP ETF? Yeah, one of them is dropping tomorrow. Canary, uh, Capital, I believe it is. I think because I know it's so many different ones, I think they got theirs through first. I think Canary Capital— I just want to answer this last question. Yeah, Canary Capital, um, is for tomorrow, and then I think it's Bitwise or something like that, um, for the 20th, um. Yeah, Bitwise is supposed to be on the 20th. We'll see what happens, but I think— oh, thank you, George. Yeah, uh, Canary Capital, um, is— that's what I thought. I just always like to double-check because I, I got so much squirming through my head all the time. Um, no, you cannot buy XRP on Fidelity. You have to go to an exchange like a Coinbase, a Kraken, a Binance, Uphold. Um, you can buy it on Robinhood. I think MooMoo got XR— well, I know they got the, the mainstream. I, you know, I gotta remember if they got XRP on, like— but Robinhood sell crypto, MooMoo sell crypto, um, SoFi is now doing ETH, Bitcoin, and I think Solana. They're starting with 3, but they're gonna expand probably. Um, yeah, so you can buy it on some brokerage accounts, but not, not Fidelity. Fidelity does have the ETFs, so the brokerage accounts will have the ETFs. Okay, that's where the ETFs that come in. All right, you are so welcome. All right guys, please again like the video, subscribe, and please send this video to one person because I guarantee you somebody need to hear about this and don't know nothing about this. And, um, like I said, I spoke to somebody today and I sat with them for like 30, 40 minutes, um, just talking about this. And they, they took a move, um, that I think— and they just, they just, they, they bought in. They like 2030. I'm just— $500, it was like $450 or something like that that they put, um, on, uh, a little bit of Bitcoin, XRP, and, and he may have gotten even a little bit of ETH. All right, okay guys, I'll see you guys later. I appreciate you guys. I love you guys. Please stay wise, and we're gonna continue to get wealthy the healthy way. I love you guys, and I'll see you next time. Peace out.