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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred.
Ignition sequence start 6 5 4 3 2 1 zero Liftoff we have a Liftoff hey everybody this is the Digital asset investor and I am worn out I for the first first time you know nor Normally I walk for about an hour a day I decided I was going to up my game I Walked for two hours yesterday and that That extra hour kind of it was like whoa Now we're waking up here all right check This out David Schwarz today is the First day for ripple new San Francisco Global headquarters check it out the It's uh the global Headquarters I don't think that right There I think that would hurt after a While sitting on those it might look Nice and look cool but I don't think I'd Want to sit on that I'd want to sit on This Maybe Okay um and then this is a cool I I like This pretty neat all right we had uh This is worthy of note right here Warren Buffett you know they don't call it Insider trading when Warren Buffett has The inside track to the federal Government and knows when to go to cash Um that's completely okay as long as He's doing it for the rest of us that Would be as about as Insider as Insider Gets I've told the story of him during The financial crisis when he got to get On the phone with the treasury secretary
So that he could get a sweetheart deal To bail out Goldman Sachs and get uh Preferred stock with the government Backing up his invest Investment but that's okay because it Was an emergency you can do anything you Want remember Ranuel um never let a crisis go to waste Because you can do things that you Couldn't do before that you wanted to do Right I'm sure Warren wanted to be Cozied up to the government as he made An investment and have their Backing great emergency here's uh this Is um Jeremy Lair from Circle he was on CNBC this morning and so when you see Well Beauty the beauty that's one way of Putting it to the extent that we should Be looking at Bitcoin as a barometer of Risk on risk off if you think of it as a Speculative asset I don't know what you Think of it as anymore but we show it on The screen every single day yeah um Because there's a lot of ownership of of It around the world there's a lot of Interest in around the world what do you Think it's an indicator of sure so a Couple things so the the first is Digital Commodities are here to stay and That's just you know we have we have This new thing digital Commodities They're here to stay and they will be Valued differently gold is differently Valued than oil is differently valued
Than copper right so there will be these Digital Commodities Bitcoin specifically Is the sort of largest digital commodity Asset and I think in the minds of many Of the of the people who are investing In it this is a a a a a a risk hedge Asset uh it can be correlated uh to you Know availability of money supply but it Also can be uncorrelated so it doesn't Fit every box clearly and I think you're Hearing from sovereigns from the r dalos Of the world the Larry Finks of the World others that they believe that in a Complex geopolitical environment a Complex macroeconomic environment this Is an asset that one should have but we Should not think of it as a currency I I By way you're more in the currency camp In terms of what you do correct yes so Digital dollars that can be a strong Store value medium exchange that have All the powers of the internet that's What dollar stable coins do huge Innovation I expect to be explosive in Terms of its growth in the coming years Just a huge utility for dollars on the Internet huge appetite for dollars on The internet that's a very big thing and That's distinct from people who want a a Currency hedge so to speak or a a a Store of value hedge against the world Going to help Okay uh then I wanted to show you this One this is the cftc chairman said one
Of the big problems they're still facing Is this Turf War to figure out how Digital assets are going to be policed It it does not feel to me like much Progress has been made on that front It's crazy how long this is taken to Figure out yeah I mean it's taken a bit Longer than I would hope we've talked About this on several occasions over the Past couple years um and I think members In Congress are trying to figure out the Landscape we have a lot of regulators in The us both on the market Market side And the banking side um but ultimately I've said this for a while there is a Gap in regulation and Congress is going To have to step in and really overcome This this feeling of not wanting to Legitimize the technology and seeing This as not something that's tenable or Sustainable I think it's here it's here It hasn't gone away and we're seeing it With the price of some of the bigger Coins and there are issues around Regulation in terms of customer fraud And manipulation but then some of this Illicit activity and terrorist Organization use I think Should be really concerning for members Of Congress and all of us as Americans Quite frankly I mean that seems like an Easy bipartisan fix but it just knowing How politics Works you're probably not Likely to get a clean bipartisan issue
With that without weighing into the Areas where there are where there is a Bunch of um of argument back and forth There's I I kind of view this as like a Three-legged stool you have the AML kyc Issues which is really around the Illicit activity and the terrorist Financing you have the stable coin Issues which I'm sure Circle and Jeremy Were speaking to you about and then you Have the market structure issues which Is very important to me as a market Regulator and I think a lot of momentum Has been around the AML kyc because of Some of this information that up the Around the what the anti-money Laundering and know your customer thank So and that really goes to the heart of Some of the issues that we've elevated At the CFC around binance and things That they were doing um but a lot of Members are very focused on that I'm Very focused on markets there's a lot of F Fus on stable coin what does you see As the distinction between the way you Think about crypto and the way Gary Gendler thinks about crypto well you Know we have the products trading on our Markets and I think really and we've Talked about this in the past it it's a Matter of what is the investor what is The buyer of the tokens getting with its Purchase of a token whether it's Bitcoin Ether anything else and you know I i'
I've said this very clearly I've said it Many times I stick to what we have as The legal precedent and what we're Seeing on our markets and you know under Existing law many of the tokens Constitute Commodities and under this Rubric there is a gap in regulation and I need Congress to step in and the fact Of the matter is we've literally been Talking about this for years and we Still don't have a regulated environment Or a regulated entity but like when you Guys get in a room together is it like a Brawl or is it like we completely agree And we're totally sympatico and it's all It's all cool look I'll use this stage To just dispel any of that rumor or that Myth we get along quite well we have Well not only do they get along folks They were they were both the cftc and The SEC were in the room during eth gate They were both involved we've shown the Video on that they were also both Involved with meeting with Sam bankman Freed okay they were both meeting with Sam bankman freed both of those Organizations as well as the White House And Congress shared values and shared Interests in protecting markets Protecting the US Financial ecosystem And then ultimately protecting customers I find it is figuring out how existing Decades old law fits within this new Technology that seems to be changing and
Ultimately needs a new way of thinking Around policy and leg what I found Interesting about this guy is he'll go Out of his way to or not out of his way But he'll he'll acknowledge that he that Ethereum is a commodity but he you've Never heard him come out and say that Xrp is a commodity you've never heard Him say Well xrp has a legal case where They're not a security you've never Heard him say that I I find that Curious um then we've got this Bitcoin This is uh Senator Elizabeth Warren she Introduced her bill to crack down on on The Bitcoin and crypto industry I Think the crypto industry in General let's show you this is the most Important thing this guy had a thread on It he spe he said specifically the Bill Calls for dramatically EXP expanding the Bank secrecy act to cover open- Source Software including non-custodial wallets Miners and validating nodes and he goes On as a non-custodial as non-custodial And decentralized software cannot Plausibly perform centralized compliance Functions Warren's bill would Effectively Outlaw crypto in America That's the bad news folks here's the Good news Elizabeth Warren has never had A bill passed I don't think in the the History of her time in Congress she Sponsored 36 bills in the 118th con Congress 103 in the 117th 98 in the
116th 80 in the 115th 27 in the 114th She is a however many times that is Loser and that is why she's best buddies With Gary gentler you got two losers That hang out together while all of the United States of America is against them Speaking of losers Brian C wait I'm not Don't misunderstand this Brian Castello Is not a loser he's pointing out that These these same two losers are um Are that Elizabeth Warren is knowingly Letting Gary Gensler bury Chinese Executive fraud so Elizabeth Warren the Two losers her and Gary Gensler are are Protecting Chinese criminality our Markets while they go after uh American Companies and whatnot American crypto Leaving the door open for China to Dominate Right oh and by the Way this is her salary is 285,000 but She's somehow achieved a net worth of 67 Million and I don't see anybody putting A microphone in her face and asking her These types of things where how did you Get so wealthy well We know Why this is part of the corruption and The sickness of our country we know Exactly why now I'm about to go into the Uh private group and um I haven't done This before but I'm going to do it today I'm going to tell the group members uh Something that I have been personally
Accumulating and you as you know I'm not A financial advisor but I've been Accumulating something and I'm going to Tell you why I'm going to tell you why I Think it probably in my opinion is is Going to be one of my my bet my greatest Um crypto plays going into 2024 and I'm going to tell you all about It now if if you think that what I say Looks looks interesting then what you Need to do is go talk to your financial Adviser because I'm not one I'm the Digital asset investor I'm not an Investment advisor this is for Entertainment purposes only Please Subscribe hit the like button tell your Friends and family it's Dp.com that's where my member group is And here we Go
