Blockchain And Crypto Will Change The World! Watch and Learn with Jeff Sekinger

so today i'm going to teach you how to buy dogecoin on coinbase who's excited i'm just kidding so we went off the gold standard 50 years ago and this is what's happening to the money supply it's just infinitely being printed and this will show you exactly how much it is if you look down here the m2 money supply was at 4.9 trillion in 2000 now it's 20 21 it's at 21 trillion so we're at like a four or five x on the increase in our at least the us dollar so inflation is too much money chasing too few of goods or services the problem is it's measured in the cpi what people don't understand is why there's inflation really why they print money part of the reason why they pay money is to devalue the debt right if you go back we actually just hit 29 trillion that's really excited that's a milestone we should all celebrate 29 trillion in debt and they print money to actually devalue the debt meanwhile it hurts people that are not putting their wealth into assets that exceed the rate of inflation so this is some of the things in the cpi right it's a museum ticket it's milk and it's funerals right so should we be measuring inflation by museum tickets who has bought a museum ticket in the past decade anyone one two okay more than i thought honestly i've never bought one so you guys are maybe ahead of the curve here but if we look at actual data just one year ago 87.7 inflation on car and truck rentals used cars 45 gasoline 45 fuel oil 44 housing is up 24 i know real estate investors who's a real estate investor in here quite a lot awesome probably about 30 people so you guys are well aware of the 24 increase so the reason why i'm just showing you this is i think inflation should really be more measured on what we all need right i don't need a museum ticket but we all need a roof over our head so maybe we should start to look at it like this and if we were to say well if inflation is 24 let's say it's not even 24 let's say it's 20 okay and it no one truly knows and i don't think anyone will truly truly ever know what the true rate of inflation is because it depends what you're looking at it's all about too much money chasing too few of goods or services right so if it's let's say it's 20 now the question is how can i outpace inflation to protect my wealth and have the highest expected return well let's look at some assets that can help us do that we'll look at the major indexes right the only the only ones that have kept up with over 20 percent is the nasdaq 100 and then bitcoin who can read that percentage return and bitcoin up in the top right the cumulative percentage does anyone know what that is is that like a really four number there it's 20 million percent 20 million percent not not too shabby but on an annualized basis we're at 230 percent right so it is far exceeded the rate of inflation but people get really worried about volatility and they associate volatility with risk and those two things are actually quite separate but who understands bitcoin and how it has a limited supply does everyone understand that a few few people really not too many okay so bitcoin is limited to 21 million we're right under 19 million right now and what happens is every four years it's actually a little bit less than four years the supply gets cut in half so it's disinflationary so over time the supply sl gets slowed and slowed its load until you're about 21.40 when we're gonna be at 21 million coins okay so what buying bitcoin is actually taxes property today that's how the irs is classifying bitcoin is property right so what you're doing is you're buying property in cyberspace it's not like this random coin that's useless the utility right now is actually a store of value and we're going to talk about how it's that's even transitioning but it's up 75 million percent in the last 4 000 102 days and now it's starting to be used as a currency and who can name the guy in the top right hand corner and then the guy right beneath him who's the guy in the top right hand corner okay who's beneath him stanley drunken miller or the most successful hedge fund makers of all time we got ray dalio saying that it is prudent to put one percent at least in bitcoin and actually if you put five percent of your portfolio in bitcoin in a regular 60 40 portfolio it will double the it has more than double the return over 10-year period of time and actually decrease the volatility and then we have jim kramer i usually just do the inverse of jim kramer and it works very very well kevin o'leary he started a company called wonderfuy right so it's actually a it's like a platform where retail can get paid interest but he's using defy specifically stable coins to actually yield some type of return then we've got square blackrock harvard yale and brown are using in their endowments now actually they have been and people just weren't even aware of that microstrategy who knows who owns microstrategy does anyone know michael saylor yeah so if you guys want to understand bitcoin on a deeper level than what i'm even talking about go just type in michael saylor on youtube and he will blow your mind in 12 minutes what he did this was the revolution that happened he was looking around he owns this public company called microstrategy 500 million in cash and he's like well what can i do with the 500 million right because this is just after the pandemic they're printing money okay what can i do with my money to try to protect it and he looked at bonds and stocks and every asset and he analyzed each of them and he said actually bitcoin is the best place so he put all 500 million in there and now he's raised billions and billions of dollars through bonds now he has seven billion in bitcoin and it's in a public company and now people are even buying microstrategy stock because they want exposure to bitcoin so he created this huge revolution and he was the one that actually talked to elon musk at tesla they got tesla to put on their balance sheet now we're starting to see real public companies with real money actually buying it as a store of value and this flag right here next to us bank u.s bank just launched custodianship over bitcoin like three months ago el salvador is actually using it as a currency now and if you guys like understand well who knows what the lightning network is we got like two two people one of them's austin so or i'll show you a chart at the end and how the lightning network is changing bitcoin but it's used as a currency in el salvador so there's more people in el salvador that are that have bitcoin wallets than they do have bank accounts it's like exploded and now it's now if you you know move there and you have bitcoin it's not even tax right because it's used as a currency and this now all these other countries like brazil and mexico and four other countries are starting to consider using bitcoin which is more it's going to be tens and tens of trillions of dollars coming into it which is very exciting and the question is are we too late let's say it's not even a currency let's say that never works out and it's just a store of value well the store value market is estimated to be about 150 trillion and bitcoin has about point seven percent of that so you don't look at the price of bitcoin and say oh my gosh it's 50 grand right i saw it when it was five grand five years ago i'm not buying that that's stupid you look at it at its market cap and then you can have an idea well what's bitcoin's market cap relative to what sector it's actually in and then you can have an idea of how that's going to grow over time right even if it went to where gold was at it's more than a 10x from where the price is at it's going to put around a half a million per bitcoin and it's better than gold in every other way so i always like to go back to principles what makes a successful investor successful and it's awareness right so being able to identify trends and new demands in the economy and then be able to have the courage to actually put capital in the place before all the masses do what i want to help you guys understand is blockchain who could actually give me like a one sentence explainer of what blockchain is no one uh oh all right well that's why you guys are here a system in which a record of transactions data are maintained and stored across several computers that are linked in a peer-to-peer network so essentially what it is it's an open accounting book that just records data and transactions now there's two value adds of bitcoin and cryptocurrencies in general it's blockchain right and then it's cryptography so we're going to figure out what cryptography is it's a process of converting ordinary plain text into unintelligible text and vice versa it is a method of storing and transmitting data in particular form so that only those for whom it is intended can read and process it so what is the value of cryptocurrency because cryptocurrency runs on the blockchain the value is derived from the efficient unbiased secure and unhackable transmission of data and value that allows central powers to be removed from the process this reduces fees collapses time limits corruption and makes markets more efficient so that is could be a little bit of value i'm going to help you kind of uh understand the value how it actually let's figure out how it works and then we're going to look at some sectors that it could likely revolutionize what happens is let's say it's like we're talking about bitcoin here right someone requests a transaction the requested transaction is broadcast on a peer-to-peer network consisting of computers if you hear the word nodes that's what they mean by that it's just really computers the network of nodes validates the transactions and the user's status using known algorithms a verified transaction can involve a cryptocurrency contracts records any type of data okay once it's verified it's combined with other transactions to create a block so that's what block is a block is just a block of a bunch of transactions together and then that's hashed together into the next block right so blockchain is just a block of transactions and data that are blocked together and they're hashed onto each different block and then that it'll be verified and you guys probably hear people bit like mining for bitcoin what they're doing these miners all they're doing is solving complex mathematical equations and verifying the transactions on the blockchain so when i send bitcoin for myself to austin that's what's happening is the miners are actually verifying the transactions and validating them and then they get rewarded in bitcoin right so that's what mining bitcoin is it's just verifying the data and the more people that are mining the stronger the network gets and bitcoin has the strongest computing network in the history of the world because of the amount of people mining for it so the potential applications quite a few things i mean we could look at the automotive industry consumers can use the blockchain to manage fractional ownership of autonomous cars financial services faster cheaper cheaper settlements could shave billions of dollars from transaction costs actually banks in the united states they make 30 billion dollars from just monthly banking fees and people withdrawing too much money other accounts people really can't afford it they get taxed with a 130 fee so there's already platforms okay this is called defy you can go on to decentralize exchanges such as avi or sushi swat there's there's dozens and dozens of them if not there's probably even hundreds but what we can do is we can all upload liquidity and we can all become the own bank right so us collectively can upload liquidity we provide liquidity on this decentralized exchange and meanwhile we don't have to pay for the building and the 11 year old fax machines and all the employees and all the nonsense that goes along with running a business and what happens is all the fees instead of going to the bank they're going to the people that provide the liquidity and that's already happening and that actually started to blow up in august of 2020 so it's whether you believe it or not it's already here voting who would have liked to seen some transparency on the last election all these voting ballots like i don't i know a lot of dead people that voted i guess i don't know them but i heard about them and what would be helpful is to start running our voting systems on the blockchain because what blockchain is is its transparency and we need more transparency in the world and in industries and it's much more scalable and then healthcare as well like patients it can be encrypted data right that can be shared with different networks of healthcare providers without the risk of privacy breaches blockchain is incredibly powerful from a privacy standpoint who can tell me what web 3 is i know we got some web web 3 people in here i i i talked to two of them metaverse who can go like a little little deeper into i mean yeah it's a form of uh web3 but who could describe what web 3 is yeah exactly that's the best response there's the decentralized internet right so i'll show you a few examples with the social networks you can monetize your own personal data and content for example let's say that i produce a video i can make the video an nft like a non-fungible token i can be paid for the amount of times that my video is viewed same thing with artists okay they can actually monetize the copyrights through nfts and their albums that's already happening right now so there's different artists actually building their music on a blockchain and being paid and they're removing the central power that takes all the fees from them and also it's much easier for them to like scale and grow as an artist event planners this is something we're doing i actually hold i own a consulting company as well and some of our events we give our members nfts so what an nft is it's just a non-fungible token it's essentially digital property which they use the nft to get into our event right and you can verify that on the blockchain so we know that like these tickets aren't being duplicated this is also from goldman sachs as well they're actually going heavily into a trading desk and taking crypto very very seriously browsers as well this is already happening example is uh the brave browser i use that once i found out what google does with our data i move to the brave browser so all this stuff is already happening and we're actually not even the first inning it's a really really really big deal what's happening with web3 believe it or not central banks are creating their own digital currencies so they're called cbdcs and they've already confirmed and actually countries have already launched them and the united states is also launching their own cbdc and it's who knows if it's going to be run on a public blockchain i would assume that probably not because it doesn't really incentivize them and i i can't imagine they would want to show everyone how much we're printing now cbd sees but this is happening whether you like it or not so all of us are going to start to have digital money on our own we're not going to be carrying around credit cards and fiat currency anymore it's going to be run on a blockchain and you're going to be using your phone to pay for literally everything through a blockchain and through the use of cryptocurrencies so i hope this is what you guys are starting to look like a little bit and starting to comprehend how big this actually is my goal today was to wake some people up and i'm going to show you some really cool like stats on blockchain so you can kind of look from an investor's standpoint and also i'm going to talk a little bit about all coins so you can because i know a lot of people are like well what is the intrinsic value like i can't feel it right like a lot of real estate investors they want to go like touch a brick to understand what they what they just bought you can't do that with crypto so i'm going to help you understand that here in a second but that you know the the point of this is everything is going to be tokenized and digitized this is where the entire world is moving so if you guys like i know a lot of people may be like that's that's dumb this metaverse stuff is not real it's actually happening and it's going to happen whether you like it or not so it's completely up to you on if you want to take advantage of it or if you want to fall behind and be the blockbuster while netflix just trumps them right that's exactly like what's going to happen in the investment world and by the way we're not even in the first inning either like this entire space has just blown up like d5 really just started to become a thing in august 2020 and then we've seen you know nft's launch after that and then we've seen like more like web 3.0 and then we've moved into like all the yield farming stuff and like the sectors there's so many sectors within crypto it's it's pretty unbelievable and it's crazy how fast the space is growing and in the last like 12 months the entire industry has changed and here's how i heard this uh from another guy named brock pierce i was with him last week at a family office event in miami where i like let's just say you know before christ right you've got after death then you've got after gold and now you've got after blockchain like this is how big of a deal it's going to be the entire world is going to be run on blockchain and because it brings transparency and allows the entire world to scale so it's like this is like something we could look back on and be like wow this was the date when blockchain came out and this was the date when the entire world started to actually change so i'm going to show you some on-chain metrics who can tell me what on-chain metrics is anyone have any idea well i would assume it's a metric on a chain that is exactly right yep what it is is we like we have softwares in our fund that we can analyze and look at different data on blockchain right to try to have an idea of what to invest in this is the exchange net position change okay so this is just bitcoin as an asset right so what we want to know is is bitcoin moving on or off of exchanges because you can hold bitcoin and hold your own custody on a cold wallet so it's essentially like a thumb drive so you're holding it offline right it's it's really like the safer place to store your bitcoin especially long term but you would move it there because you don't want to sell it you want to hold on to it so the green is people moving bitcoin onto exchanges okay and if you look at the year to have some context this is 2012 you see a ton of green all the way up until about the last year and a half and then we see a lot of red and if you look at when the green happens right this is when obviously this is the price so when price goes up you see a lot of bitcoin flow onto exchanges and why is it flowing onto exchanges to be sold right people are realizing profit and what's been really cool to see is earlier this year we obviously had a big sell-off in april and may and you see a lot of green during that time period but over the last year and a half it's been we've seen a ridiculous amount of red which is people just moving bitcoin off of exchanges into cold wallets where it cannot be sold and that just shows they have conviction that the price is likely going to go up and that's why they're holding it in a place that it cannot be sold so this has started to happen over the last year and a half where people are moving it because they understand what i just talked about how it's a store of value what it's the use case is oh my god it's being used as an actual currency in countries now and people are starting to store it in places where it can't be sold and these this is some of the things that we look at when making shorter term decisions if we see a really large inflow of bitcoin onto exchanges we know likely it's going to be sold right why else would they be moving bitcoin to an exchange this is the lightning network so i asked you guys earlier what is the lightning network what it is is bitcoin's actually really slow it does like i think it's like five trends it's between four and six transactions per second it's really really slow okay meanwhile like solana does 50 000 transactions per second right and what the bitcoin lightning network allows it to do is to scale so this is how bitcoin is being used in other countries such as el salvador okay there's running bitcoin on the lightning network you can literally go into a coffee shop in el salvador and buy a coffee with bitcoin right now because of the lightning network and you can just literally go on youtube and watch it it happens in a fraction of a second so this is you can see the exponential growth that's been happening right now and um on twitter they release some payments method on twitter where you can send just money kind of like venmo through twitter and what what they do is they actually you're so let's say you're sending us dollars to someone in mexico and you're trying to give them a peso you're sending what is actually done is the us dollar they use it to go buy bitcoin it's run through the lightning network and then it converts it to the peso and it gives that person the peso so that through twitter which jack dorsey is obviously a huge bitcoin bull they're running the entire network through the bitcoin lightning network and they're settling everything in bitcoin and back into the original fiat currency this is already being used on twitter obviously this is the supply so this is the illiquid supply i kind of showed this right earlier where a lot of bitcoins moving off of exchanges well what happens is it creates something called illiquid supply which means that the supply of bitcoin that's illiquid that cannot be sold right is increasing and now we're starting to see that at an all-time high you see the orange line just steadily going up into the right because people are moving bitcoin to places where it cannot be sold and then this is something we all we love to analyze is the long-term holder net position change so you can actually analyze and this is guys this is because blockchain technology is transparent the only reason why we have this analytics i can see where i bought bitcoin back in 2013 and who i sent it to in 13. you can analyze everything you can just go to blockchain.com literally copy and paste your bitcoin wallet in there it'll share with you how many transactions how much money is in the wallet how much has been sent into it how much is sent out of it right on this what we're looking at long-term holders are over people that hold bitcoin over 155 days so we can see the length of the time that people are actually holding bitcoin and this pulls together long-term holders what you can notice is they're actually really really good at timing the market right when we have this blow off top in 2011 you see red here that means they're decreasing their position in bitcoin then you see the blow off top again in 13 and subsequently in 14 you see more red there and then 17 they were selling all the way through 17 from about i think it was like 2 000 all the way up to 20k and then you can see in the bear markets they start to accumulate right shown in the green and now they're starting to sell again which generally means you have about six months on average when you're starting to near the end of a bull market which bull markets are usually three years which is it's a four year cycle so it's usually three years of bull market one year of a bear market so you can see some red starting to happen now because we just hit all-time highs in october and we're starting to see long-term holders actually take profit this is another one that's fun to analyze which is what short-term holders are doing so what is the dumb money doing right you can see that they increase their supply at the absolute worst time when the price goes up they increase the supply to the max amount and then when the price goes down they start to sell off because they're done right so we want to look at what the dumb money is doing and do the opposite of what they are doing and this is the type of metrics only possible from blockchain technology this is also a long-term holder net unrealized profit and loss so when you're in the blue here there's extreme euphoria and greed which means that long-term holders have been holding bitcoin to the point where they're 90 of them are in a net unrealized profit which means they have not locked their profit in by selling bitcoin yet so we have indicators like on this when this metric goes to a 0.94 94 of them the long-term holders are in a net unrealized profit we know that we have about two to four weeks until we see likely at top because that's what's happened in in the history of bitcoin right so this this is another metric we really love and now i want to talk just briefly about all coins because there's a bunch of garbage and unfortunately people end up losing money in crypto because there's now like almost 15 000 coins there's probably more than that that's just listed on something called coinmarketcap.com and the majority of them have no utility and no value and they're a complete waste and what we like to invest in if you look at the top you guys can all use this for free too this is uh called masari.io and this is just a research tool that we use and we like to invest in smart contracts right so what a smart contract primarily is it has its own blockchain right and it gives it real value because every transaction on the blockchain uses its native coin for the fee that's why the coin has value because all the data and all the transactions being run through the blockchain every transaction it uses the native coin for that it's called a gas fee who has used uniswap uh with ethereum gas fees yeah there's like 300 right now okay and you're paying that in eth because ethereum has its own blockchain and that's what all these do so like we love to look at these look at the data behind these blockchains to be able to understand is the blockchain scaling is it in a good sector is it actually going to be used maybe it's used in the logistics industry like v chain is right we want to look at certain blockchains that have real value and then analyze the analytics behind them and say oh is there a lot of nfts being minted on the chain is there 10 000 transactions a day or is there 4 million transactions a day and that's what we looked at right this is why we dumped cardano about or a month and a half ago because finally after five years they launched smart contracts and then what we looked at is oh well this is on blockchair.com you can see the 24 hour statistics they've only done 132 000 transactions okay and this is like the third largest coin it had like 78 billion dollars in it and we're like wait why does this have 78 billion dollars in this there's they have zero traction and then we look at another blockchain called harmony okay this was i don't know probably number 76 on the market cap it had like 2 billion in it when cardano had 78 billion but harmony if you look first of all the wallets have been significantly exponentially growing but down here this says 3.1 million transactions so they're consistently doing over three million transactions per day which gives that coin which is called one more value because every time there's a transaction it uses the native coin for the fee right so we dumped cardano and bought harmony and that was a very good buy the price went up about a 3x after doing that right and that's those are the types of analytics we like to analyze before taking positions because we like to invest in fundamentals first and then we and then we'll manage more on a technical level this is another cool thing you can see dogecoin what we're looking at is the largest wallets with dogecoin if you look at the very top 30 billion then we've got 5 billion doge 5 billion doge 4 billion doge about 5 wallets of dogecoin hold just under 40 of the supply of dogecoin and that's a really big risk we don't want to allow any type of a one wallet to just dump the coin and that would dramatically impact price so this is another thing that you can easily analyze is like who are the biggest wallet holders and you can look up all these addresses so you can literally click into these addresses and see how they're transacting are they selling doge are they buying more doge or we want to be able to know what the largest wallets are doing and the largest holders are doing before actually taking positions this is another software we like to use what these blockchains allow you to do is they allow other they're called daps so developers will come onto the blockchain and actually build application on the blockchain that application can do an infinite amount of things there's so many things that can be built on and ran through a blockchain so what we look for is developer activity on blockchains and that's also why we took a significant allocation in solana is that you can see that the really big jump in developer activity this is another statistic we look at is how many dapps are actually being built on top of a blockchain because that can give us an idea because that'll help the transaction scale and that'll allow the coin to become more valuable i think that is it i really wanted to open it up for any questions real quick and then i'll let eddie run the show does anyone have any questions on a blockchain like we were talking about eath gas right every transaction that you run through a blockchain there's some type of fee involved and what happens is they each blockchain has its own native coin so the fee is paid for in that coin so the more transactions that are being run through a blockchain the more the the coin has real utility and that's what we like to look for and also like does it have utility is it disinflationary is it deflationary like bnb is highly deflationary ethereum just switched to being deflationary so now it's actually burning the supply so the supply is actually decreasing developer activity is important because once developers build on top of it that's what he's talking about is the ecosystem starts to expand because now we have all these different daps that are built on top of it and all those have transactions so it just creates this huge network effect but like the total amount of transactions on on harmony is like 300 million cardano has a total of like a couple million and solana has 36 billion so it's like you can look at data like that so yeah they're cardano's at 22 million transactions uh harmonies are 324 million but like solana's at 36 billion so those are like they can it can scale very very quickly ethereum is just a form of a smart contract right so you as a let's say you want to go into real estate and you can put an entire real estate transaction on the blockchain instead of using a title company so you can literally build an application on top of ethereum and be running all of your your transactions in real estate through the blockchain and then each transaction is re is paid for in through eth but you like the the sky is literally the limit that's why blockchain is going to engulf the entire world but it's you as a company or developer can build any type of an application and run it on top of a blockchain so you can remove a central power it makes it more efficient it's much more scalable and you're also in control and there's complete transparency so instead of taking a month to close the property it could take 28 seconds right and like another example is like let's say you're a bookie right and you want to take this to be legitimate and we're betting that ohio state and michigan are you know playing a game right and we're betting that ohio state is going to win and we both put 100k on the game well right when ohio state wins i am automatically sent through the smart contract the 100k from the loser and my money so we entered into a smart contract on the blockchain and that'll happen automatically with no bookie that's taking a fee that's just another like there's an infinite amount of ways to use blockchain yeah it's pretty it's pretty ridiculous what it is is a client acquisition strategy so what we've been told from a few platforms is like anything that they're paying over about four percent like specifically in bitcoin they're actually taking a loss but they're able to bring more assets to the platform which they monetize assets in many different ways because like they have for example on voyager they make a ton of money through their their exchange and they they do so in multiple ways and then a lot of lending platforms they'll they'll pay you just below the rate that they're getting from people taking loans so it goes both they're earning 12 they're paying you 10 the thing we like about voyager is we can audit their financials that's something that you usually cannot do with a lot of lending platforms because they're not public companies so that does give us more confidence behind the platform but i mean yeah we hold we hold usdc and are paid heavily to hold our cap we get paid 10 to hold our cash position yeah i think it's gonna be a huge battle for the next at least five years i think it's going to be a really really big deal but we stay away from the things that are going to be regulated very very heavily certain places within d5 are going to be regulated very heavily certain privacy coins we stay away from privacy coins because that's ways that people can avoid tax and other things so we stay away from certain sectors that we know are going to be heavily regulated but the entire regulatory system is so dated they're trying to mold crypto into old regulatory laws that were created 100 years ago and what they need to do is they need to sit down which they just did i think it was yesterday and they talked to the greatest minds within crypto they're trying to understand the space because you can go into a zillion different black holes within crypto and what they need to do is create digital asset laws that's going to bring clarity to everyone that's going to take time so we think the next like five years is going to be kind of a crazy battle so the more miners that go onto a network that does not increase the amount of supply that's released for bitcoin it just becomes more difficult for people to get the reward in bitcoin so we know for a fact that there's 900 bitcoin release per day and we know in about three years that's going to get cut in half to 450 bitcoins today but to answer your question we believe just based on the stock to flow and many other metrics that the price of bitcoin is going to continue to rise because it's been up 230 percent since it came out whether you like it or not every single on average it's had a 230 percent return so as the price continues to go up they're gonna yes they may get rewarded in less bitcoin but we believe it's it's still likely to be profitable it's it's i think it's going to be a lot of diminishing return returns on it so i don't know when that date is but yeah it just depends on the the growth of the mining community but it's definitely growing in in the united states it's massive growth now because china just banned it which is great brought all pretty much all the miners over the u.s so now it's like somewhat centralized in the u.s which i think is a huge advantage but yeah we i think there's going to be a law of diminishing returns with it and i don't know the date on when that's going to happen though so everyone's just kind of looking at like a jpeg nft this is just the start of nfts just putting just they're putting nfts on the dumbest things that people don't even like a rock like a jpeg rock i don't even know what it sold for like millions of dollars and it was like no one could even comprehend it but that's just the start of nfts i could put an nft on this microphone and this entire building and we can all fracturally own this entire building in this microphone like that's what's going to happen there's going to be a million nfts put on this building and a million people could own fractional ownership and the noi of the property the net operating income can run through the smart contract on the blockchain and pay out each nft holder their proportion of the income of the noi of the property so like that is just going to start happening that's what i'm talking about when i say everything is going to be tokenized that's what i'm saying is like it's gonna consistently grow but during the bear market whenever that does happen we think nfts are gonna get crushed because they're completely illiquid right it's not they're no no one wants to buy a hamster smoking a cigarette on a rock when it feels like the world is melting right so we think they're gonna it's gonna be a really rude awakening in the bear market but after we think it's gonna just scale tremendously i mean the the majority of crypto is garbage and it's completely useless but once you start to understand like analytics and where the world is going you can start to have a fundamental understanding of what could potentially have value all right everybody give it up for jeff second year please [Applause] [Music] [Music] you

Channel: Jeff Sekinger

Views: 5,782

Keywords: credit, business credit, jeff sekinger, crypto, cryptocurrency, blockchain, blockchain technology, blockchain explained, what is blockchain, blockchain tutorial, bitcoin, what is blockchain technology, blockchain technology explained, how does blockchain work, bitcoin blockchain, block chain, learn blockchain technology, cryptocurrency news, altcoin daily, top altcoins, ethereum, best investment, bitcoin crash, bitcoin price prediction, bitcoin news, bitboy, best crypto investments

Id: 6IL1_VVrd50

Length: 36min 28sec (2188 seconds)

Published: Fri Dec 17 2021