Cryptocurrency ETFs and Decentralized Finance

Well, I'm at the gym, everybody, and this just came across the news.

People are-

They're following the big banks. They're following the

institutional money. What are the big banks doing

right now? They have all filed with the

SEC to get ETFs. BlackRock, JP

Morgan, Charles Schwab, Fidelity, Citadel, they have

all filed with our government to allow their

customers to get cryptocurrencies

through them.

Whe- assuming that this gets approved by our

government, when

the SEC says, "S- yep, you can

open these ETFs, br- bring the

cryptocurrency

to your customers,"

trillions of dollars will flood into

the blockchain, and it will signal to the

world that these assets are safe to

invest in. And once that happens, the bull

market will take off, and by that time,

the largest transfer of wealth will have just

taken place. It's not to say that you won't be able to make

any money by getting i- onto the blockchains afterwards,

but by getting in before these institutional dollars do,

you will be,

you will be so happy if you do, if you make that move.

This is not financial advice. This is to say,

start educating yourself about the blockchain.

When you understand the absolute

magnitude

of this technology, you will understand

why it is not going to be disappearing ever.

And the, the, th- what you need to understand is how to

function on the decentralized networks, and I see why

people are so confused when I say this word decentralized.

Because on the news, you hear the word

decentralized used as it refers to,

let's take, for example, the coin, Bitcoin, for example,

that the technology in its essence was

developed to be decentralized, where there is

no broker or third party or intermer- mediary

needed. But most people are not

functioning, interacting with the

ecosystem in that way, because they are functioning on a

third-party platform like Coinbase, Kraken, or

Binance.US. If you are on the centralized

exchanges, recognize you are, you are not an accredited

investor. Y- those coins are not in your hands.

And if you are on the decentralized exchanges, you are

the bank. The money is in your custody.