Luke Belmar Talks Crypto Market Dip and What’s Coming Next
Luke Belmar, a crypto veteran since 2016, warns the current dip is a correction, not collapse, as Bitcoin’s value hinges on inflation and government adoption while gold and silver reprice amid systemic fragility—China cutting U.S. treasuries, Venezuela de-dollarizing, and Tether’s XAUD manipulation allegedly pushing gold to $20K. He dismisses XRP due to pre-mining scandals and favors compliant chains like KETA for banking, urging disciplined wealth-building with Bitcoin, real estate, and hard assets over debt or meme coins. Belmar’s skepticism extends to traditional banks, Roth IRAs, and even Grant Cardone’s shifting stance, highlighting crypto’s liquidity and adaptability as the future hedge against financial instability. [Automatically generated summary]
And we are live with Luke Belmar the Legend, guys.
Let's get into it.
Let's go.
I can try.
I'm gonna get away.
All right, we are live.
What's up, guys?
Welcome to the stream, man.
Sorry for the late, man.
We got Luke in the house.
It's funny Monday.
It's been a while.
It's been a while.
How are you, boys?
Good, dude.
How are you?
Doing well.
Good to see you guys.
Yeah, it's been a minute.
So update us.
What's been new with you?
Where you been at?
Where you've been doing traveling the world?
Okay.
Enjoying freedom before they bring the next lockdown back in.
Yeah.
Seems inevitable.
Yeah, at this point, right?
Yeah.
It's like what's going on.
And I've always said, like, I think if anything ever happens again, it's going to be like a bio scare, just like it'll be, it'll be everything about your freedom being at compromise or at risk over protecting other people.
Inevitable Gold Rise00:16:07
So just been traveling, looking for properties, places around the world where there are safe havens where you can actually build.
Because as you notice, nobody gets consequences here.
No consequence for anything.
So you begin to realize, like, hey, like, is the system in my favor?
And if the answer is no, then I'm going to go find my own thing.
Are you still in Puerto Rico or are you full-time in Puerto Rico?
0% capital gains tax, 4% income tax.
I've always told people the biggest expense is what you pay the feds.
Yeah.
And if you're able to finesse that, whether it's through real estate investment or whatever it is, I did it through Puerto Rico.
It's been good.
Yeah, Puerto Rico is a good.
If you're not like a real estate guy, Puerto Rico is probably the next best option for sure.
And you still got to, like, even if you do real estate, like, you got to really be in it to get like the tax benefits appropriately.
But so, so you've been traveling, hanging out, everything else like that.
Obviously, we've seen the crypto markets go kind of crazy.
Yeah, for sure.
With the, you know, potential war in Iran, issues all across the Middle East with Israel and what's going on in Gaza, Russia, Ukraine.
There's conflicts all over the place.
I'm sure that might have been played into it.
But I guess, you know, I'll kind of just turn it to you.
You guys give us an overview of where we are in the crypto markets.
How do we get here?
What do you foresee is, you know, the most probable outcome.
I know, obviously, nothing is 100% set in stone, but what's your estimate and your just general thoughts on the whole situation?
For sure.
So, first of all, for the viewers listening and why they should even listen to me in the first place, I've been in crypto since 2016, been buying Bitcoin since $588 when I was waiting tables.
So I've been in this space for a really long time.
At the point, it was only 2.5 Bitcoin, but that was my initiation into the space.
The bull run of 2017 rolled around, got into Cardano, Tron, all these new altcoins.
That was the ICO season.
2020 rolls around.
We buy Pudgy Penguins, which is the largest NFT company in the world.
We did over $40 million in retail revenue this year.
And this bull run rolled around, which is we saw a lot.
After Trump got elected.
After Trump, right before kind of like you could see the pendulum swinging towards Trump winning.
I think Elon and all these guys endorsed him already knowing that he had secured his place.
That's why you see a lot of these guys move from New York or California down here and start getting close to Mar-a-Lago and all the fintech guys.
And you see David Sachs and you see all the guys from PayPal Mafia just kind of like here or Texas.
Correct.
And they're all kind of just grouped up.
So the bull run rolls around.
I think last time people can probably find out when I was here the last time for Money Mondays.
And I think Bitcoin was like $40,000 at the time.
Bitcoin went from $15,000 all the way to $120,000 in a straight rip over a span of 18 months.
And what we're seeing now is a natural correction in the markets.
The people that are concerned are the ones that this is a correction, bro.
It's a correction.
I think right now people are trying to get risk off assets.
Like we saw gold and silver and that just absolutely skyrocket.
That's just gold and silver repricing to what it actually is worth.
So if you saw your net worth go down in the last six months towards gold, that's your actual net worth.
Like gold is the hardest asset.
Gold is the realest version of money.
So if you were worth a million dollars in gold a year ago versus today, the purchasing power is completely different.
I think people are measuring their net worth in dollars.
But if you look at the most intelligent people in society and in the finance space, when civilization is at the brink of civil war and unrest, gold is the place where people store their money.
Bitcoin is a risk on asset.
They call it digital gold because they want to give it this marketing spin.
But the first thing that people want to get rid of isn't their blocks of gold.
It's the risk on asset.
And that has to do with the crypto markets.
So we're seeing a sell-off, natural sell-off.
We've seen how many times Bitcoin dropped 50, 60% over its years, many times.
It's all about dollar cost averaging.
Investing is not all about jumping all in super degen leverage.
That's how you lose your ass.
Every single day, dollar cost average into something you believe in.
If you're out here buying shit coins, you're going to lose your money.
And there's a season for it, right?
There was a season where you could snipe a meme coin and make $100,000.
We saw it.
Like we saw it in this own city.
Like, yeah, it was real.
We saw people make real money.
But nowadays, the market is different.
It's a little bit complicated.
You need to be investing, not trading this market.
And we see it with gold.
We saw it with silver.
Silver shoot up to 120 and drop back down to 80.
That's a big spread difference.
You need to be dollar cost averaging your way in and your way out.
That's interesting.
I've never heard someone really having crypto give precious metals its due diligence because a lot of people like kind of gloss over precious metals.
Like, oh, what am I?
70 years old.
You know, they laugh at the concept of gold or silver.
You know, they laugh at how inconvenient it is and how to trade with it is inconvenient because it's heavy.
You can't travel with it, right?
It doesn't have the same convenience as crypto.
So would you say like the only real, I don't want to say real asset because that sounds awful, but like the real like tangible asset that like you can actually like put your money's worth is you would say precious metals.
Like you said, I mean, back off that.
I wouldn't take my word for it.
If you look at the founder of USDT Tether, he right now has XAUD, which is the tethered version of gold on chain.
So what he's trying to do is he's created this loop where they're printing infinite USD through USDT, then putting it into digital gold and then running an entire loop.
They're going to run up the price of gold to $20,000 fucking dollars.
Watch, bro.
You think so?
100%.
Last I checked a couple of days ago is around $5,000.
A year ago, it was $3,000.
The biggest guys in the room are hoarding gold.
Everybody's running from the dollar.
It's so evident.
It's so obvious.
It's a political tool.
It's a financial weapon.
It's not good.
China doesn't like it.
China's treasury is holding U.S. treasuries at an all-time low since the Great Depression, not since the Great Depression, since the 2008 financial crisis.
All-time lows.
Nobody trusts America.
Yeah.
It's very straightforward.
It's exactly why we went in Venezuela.
Like, you know, people think it was all about the oil, oil, oil.
Yeah, that's a part of it.
But it was really like Venezuela de-dollarizing and, you know, using bricks.
And, you know, we've seen it before.
We saw it with Gaddafi.
We've seen it with the attempts of North Korea.
All you have to do is look at the countries that don't have central banks operated by the Rothschilds.
And you'll be able to see which are the next countries that are going to be targeted.
It's very straightforward.
Once you have all the monopolies set in place, then you can make everybody your slave.
I was literally with my buddy downstairs being like, isn't it crazy that we live in a world of fiat where everything is credit, everything is debt?
We're all debt slaves.
And for some reason, people think that they're rich.
But if you own equity in a company, a lawyer can do some bullshit, write some papers, take you to court, take your equity.
They can take your house.
They can take your money.
Your Bitcoin and your gold, you can stash.
You can put it away.
It's the only thing I trust.
Code, immutable code, and things that can't be replicated and printed out of thin air.
You can't just print gold.
Even if you find gold, there's a process of refining.
There's a process of mining.
There's a supply chain that needs to be respected, that's audited.
And yeah, people get scammed.
There's fake gold bars, but there's also fake Bitcoin.
There's also people stealing wallets.
So there's always a risk on that.
But the last thing you want to do is rely on the good faith and credit of the United States when they've lost it completely.
Yeah.
The tariffs obviously has made a lot of people angry.
Like, we're going to dump treasuries.
We're going to mess with you in this way.
You know, and everyone's like, you know, and then obviously with the decline of the petro dollar and Saudi Arabia not using the petrodollar anymore.
Well, not doing all their transactions in US dollars like they had agreed to in the 70s.
Yeah.
I mean, it's, it's a very, and then you got these conflicts.
Like anytime, you know, you got conflicts, you know, they're going to go gold.
Like Russia right before they invaded, funny, funny story, somewhat this on my other show.
The day they invaded Ukraine, they had Hameti, the leader of the RSF in Sudan, he was there delivering a bunch of gold the day they invaded Ukraine because he knew they're going to kick us off Swift.
They're going to sanction the hell out of us.
How do we hold money in a safe manner?
Gold.
They bought a whole bunch of gold.
Same with the Chinese.
And it's like, you know, the thing with gold, like people always complain about is like it's heavy and it's hard to trade or whatever.
But, you know, it's a good, it's probably one of the safest storages of wealth in the world.
Well, that's exactly what you want.
You want your gold of a national sovereign fund down locked in a bunker.
Yeah.
Like not on the not on a seed phrase.
Yeah.
So, okay.
So you're saying you think that gold is going to continue to rise and you look at this as like a market correction rather than a full repricing of everything, rinsing out people that are just tourists, the reprice, because everybody assumes that when we printed trillions of dollars during COVID, that that was priced in right away into the market and it wasn't.
It takes years for it to get repriced back into the gold standard because it goes into speculation, it goes into spending, it goes into Amazon, it goes into crypto, it goes into all this shit.
So the moment it has to, it goes from stupid hands to smart hands, smart hands refilter it back to gold, and then it gets repriced.
And now everybody has lost 50% of their net worth to the real currency, which is gold.
We are going to go back to a gold standard.
Like it's 100% going to, we might do it on chain where it's like, yeah, we have a dollar that's backed by actual gold, but we're going back to a gold standard.
100%.
Yeah.
Would you say, because I noticed that like once like we really started ramping up with the Armada in the Middle East with the potential invasion or attack of Iran, do you think that played a role in it?
Or do you think this was inevitable at this point?
And it was going to come to a matter of fact.
It's inevitable because it's inevitable because the entire petrodollar scam with the Fed of 1913, nobody buys it anymore.
Everybody can create a currency out of thin air.
You could go and create your own Myron currency.
And if you had enough fame, enough pedigree, enough whatever, like Trump, you could create something.
Right.
But once again, if you look at the entire insider flow of what that was, that was just a big rug.
That was a big attempt to just mass extract liquidity.
But once again, you don't need the dollar.
If you have gold reserves, you can peg that yourself, tether it yourself.
And then now China can have their own currency that's just running around.
But you look at Gaddafi, you look at all the individuals that actually tried to instill a different currency and they got.
Yeah, they got cooked.
They got cooked.
They got cooked.
Okay, so go ahead, you want to say it?
Just get it cooked.
People are in disarray right now.
They're upset.
They're angry.
They lost a lot of their obviously net worth over time because crypto.
Should it be mad right now?
Is it going to go back up?
My net worth is down 40% in the last 90 days.
You seem pretty calm about it.
Yeah.
Yeah, because once again, you either invest or you trade.
Right.
So it's like you can't have the same mindset towards things.
If you're trading, you're trading.
If you're investing, you're investing based on conviction.
So it doesn't matter whether something is $60,000, $90,000, $100,000, $200,000, if you know that it's going to a million and if you're trying to get out of a currency that you don't trust.
We play in a weird game, right?
Because the matrix is breaking.
Everything is weird, breaking around in real time around us.
We don't know what to trust.
So if it feels like we're hopping around assets, it's not uncommon or weird.
That's the sign of the times.
That's the sign that everything is collapsing in real time.
So we have to go back to what is real.
What is real?
Code and gold currency.
The real currency.
So you're saying that this is a correction, which is an interesting take.
I think you're the first person that's framed it that way.
And then you also mentioned like this is catching up to us.
So all that money printing from 2020, the disarray, the craziness, et cetera, Trump coming in back into office, et cetera.
Are you saying basically, because I remember crypto went up to like 100, Bitcoin went to like 120 something.
And it broke 100 when he became right around the time he became president.
So, would you say that like now we're finally like paying for all the shit that we did six years ago, pretty much?
For sure.
For sure.
And you're going to see it repriced into gold and repriced into silver.
You're not going to see it.
I knew something we were going to.
You're not going to see it repriced into real estate because nobody's buying real estate.
Yeah.
You can't fractionalize real estate.
I can fractionalize gold and buy paper gold online.
I don't have to actually even own the physical gold now.
I can just speculate on owning the gold that's in a vault somewhere in Switzerland.
So like, especially now, you bring it on chain with this tether company.
It gets completely crazy.
Now you have, I don't know, North Korea can just buy a billion dollars worth of, it's a different game that we live in.
I think people need to realize that the financial literacy that was taught before is no longer practical, that they need to diversify their portfolio.
They need to have real estate.
They need to have precious metals.
They need to have crypto.
They need to have a job.
They need to have some sort of side income, a hustle.
Like this is about allocating a basket that protects you in case one of these things go down.
You can't have all your eggs in one basket, bro.
Like it doesn't work that way.
So yeah, okay, I got a lot of money in Bitcoin, but that's because I'm not holding USD.
I'm holding Bitcoin.
So like I see my net worth go up 10X.
I also see it go down 40%.
It's okay.
It's part of the game plan, but that's not money that I'm spending.
Yeah.
I have active income.
I have a business.
I have savings.
I have cash.
That's set aside.
If you're going to speculate, you're going to gamble.
Don't do it with leverage.
Buy some Bitcoin.
Hold it.
Learn it.
Study it.
Buy some gold.
We saw it go up 100% in a year.
That's a lot.
It's a lot.
People are trying to think about these meme coin gains, these $1,000 to a million.
That's not real investing.
That's gambling.
A lot of people scoff at precious metals too, especially young people.
Young people are like, fuck, and they got priced out.
And now, and now they have to pay double.
Yeah.
Yeah.
And I have silver.
Like, I bought silver early on, you know.
Dude, silver, 250% in a year.
It's crazy.
That's not because it's inflation.
No, we're finally getting the true appreciated value of the paper dollar priced against the real asset.
Once it's gone through the entire filtering process of what?
Stimulus checks gone through the entire financial supply chain, back to gold, back to whoever's holding the deposits, the repricing.
You know, it's interesting because I knew when the world shut down back in March of 2020, I was like, and I saw like, you know, businesses go down.
I saw people walking around in a mass and, you know, airlines weren't, you know, you got to sit six feet apart, whatever.
I was like, we're going to, we're going to pay for this at some point.
For sure.
Like, this is, this, we are going to pay for this.
And like, honestly, like, you know, we had a little bit of a recession under Biden, but now with the way things are going, then obviously now we got these wars going on.
It's like, so you're saying this is like the beginning of essentially us, you know, the Piper coming to collect or after COVID.
Absolutely.
And we have a few verticals.
One is midterm years are always years where we either side trend or trend downwards.
Like that's just look at your technical analysis.
Go look at the year of midterms.
Stagflation And Credit Cards00:15:18
The markets initially do poorly, then they do well.
Right.
So here you have the Democrats trying to just take down the market.
And then here you have the Republicans trying to keep the market up because the sentiment is going to dictate whoever stays in office.
Right.
So they don't even care about whoever makes money or not money.
They're caring about public opinion, influence, appearances, the show, right?
Like Trump saying, hey, you know, we're going to double the stock market in the next two years.
He's going to do it.
They can print infinite money.
Now he's assigning new chair in the Fed, right?
Like the entire scheme is Ron Lauder's son-in-law, I think, right?
Well, and then you look at Canton Fitzgerald and you look at the head of the treasury right now in the United States.
He's actually one of the co-owners of Tether.
So the commingling of crypto, the commingling of the government, the commingling of precious metals and banks is so tightly knit together that if you just take some time to study what's taking place, you're going to buy real estate.
You're going to buy land.
You're going to buy some sort of income properties that are cash flowing.
You're going to have your precious metals hiding in a safe somewhere.
You might have some nice luxury watches that have some sort of appreciation value.
You're going to have some currencies that are spread through different currencies, Singapore, Yen, a little bit of Euros, USD.
And then you're going to have your crypto.
And you can have a couple of assets, you know, whatever.
But I have just decided that Bitcoin is my main currency asset for now.
I think right now we go back to 100,000.
Maybe then we downtrend back to 45, 50.
I don't think we're at the bottom yet.
I think people need to get smashed.
I still see people speculating.
I still see a billion dollars of leverage longs or shorts getting liquidated every week.
There's still a lot of money in the system.
And when you look at whether it's Chinese exchanges or whether you look at a Korean exchange yesterday, BitHump, they just minted, it was hundreds of thousands of Bitcoin that they were supposed to give out as dollars, but they reflect it as Bitcoin.
Bro, this is a big fucking thing.
They just created paper Bitcoin and people were selling it on the exchange.
Bitcoin dropped 15% in the span of a minute because everybody was market selling.
Because that.
Yeah, because they're just creating paper Bitcoin.
So that's why I'm saying like all these financial instruments that are wrapped and wrapped again and rewrapped in ETFs and DATs and all these different things, all these different vehicles.
The more we speculate, the riskier it becomes.
The more money you make, the more you want to protect yourself, right?
So you become a millionaire.
You can't be thinking like the guy that has $5,000 to his name and needs to make it out of the trenches, right?
Like you're in a different place.
So it really is about speaking to people where they are.
I wouldn't be thinking about getting rich.
I'd be thinking about starting building out these baskets that interest me and start putting money into them.
Dollar cost averaging across the way.
It's the safest way to do it.
Yeah, a lot of crypto guys are freaking out.
I remember last time this happened, like a year or two ago, people were jumping off balconies in Miami, dude, when Ethereum hit like when it hit like below 2K.
Yeah.
People were jumping off balconies here.
It went to 1400.
Yeah.
People were literally jumping off balconies in Miami.
There were a couple of different stories of people because we had a lot of crypto bros here, right?
Local crypto clubs, popping bottles and buying yachts and stuff.
But look, real quick, you mentioned a bunch of stuff about where we're going with the Bitcoin and gold itself.
Would you say that we're now in a recession?
We are in a place of stagflation.
So that's that stagnation where there's no growth in labor markets.
There's no real growth in the market.
And then we have inflation where we're just printing money out of thin air.
So it's like we're basically talking post-World War II depression.
That's what we're looking at.
Spend is out of control.
Politicians doing whatever the fuck they want.
Currency not being trusted overseas.
That's probably what we're entering.
I think we're entering a pretty bad season.
All you have to do is look at the labor market.
AI is a big fucking problem.
I have fired about 60% of my staff over the last year and just automated all the workflow.
I mean, why do you need a graphic designer anymore?
Graphic designers are out of jobs.
Bro, you went to school for graphic design.
You're cooked.
Yeah.
You're so cooked.
I don't know.
It's bad.
I predict sometime in the next few weeks, we're more than likely going to go to war with Iran and attack them.
Netanyahu is coming to the United States, I think, on Tuesday, tomorrow or Wednesday to discuss war plans.
We're having our mada outside of Iran.
I've been covering it very closely.
I think at this point, there's no way I don't see how there's not going to be an attack.
How do you think that's going to affect the crypto market?
I mean, like it always does, it's going to go down.
Okay.
Like the rest of the market.
Bro, we go to war with Iran.
This shit is.
You think it's going down even further?
We're going to war with Iran.
Anybody that understands the script knows what's going to happen.
Yeah.
We're at least going to strike them.
For sure.
Like, bro, they're going to reinstitute.
They're going to put whoever they want in there.
They're going to turn Israel into the new Singapore of the Middle East.
They're going to connect the river with the sea.
They're going to do the little fucking thing.
Like, they're going to do their whole little spiel, bro.
It's coming.
Yeah.
Damn.
Luke read his Bible.
So, look, real quick.
Let's say someone's watching that is not a millionaire.
They're working on their way up, regular job, but they feel stuck.
How should they prepare for what's coming next, you think?
Let's say they're making like five to $6K a month, like a regular job.
Harver salary, just wants to make it out.
What should they do?
The first thing you got to do is not spend money.
Like that's that's where you got to start.
I remember I was making $100,000 with my marketing agency, social media marketing agency when I first got started.
I was still living on my brother Nate's couch for $200 a month.
Right.
So it's like, I didn't buy my first supercar till I had over 10 million.
I didn't do a fucking deal.
Liquid?
Liquid.
Not even assets.
Like liquid.
Like I have it.
My net worth has never calculated in assets.
I only calculate what I can cash out tomorrow.
Okay.
100%.
Okay.
That's how I've always thought.
I don't have any debt.
I don't have any liabilities for nothing.
Everything's cash paid for.
I'm a crypto bro.
Of course.
Credit is for the people that figured it out going through the process.
Yeah.
Because you get like a hard asset like real estate, right?
Like that's not liquid.
That's like, you know, okay, net worth because the house is worth this, blah, blah, blah.
Like, okay, so you're like, you deal 100%.
100% liquid.
Net worth doesn't calculate equity and company.
None of that matters.
Okay.
All that is.
So until you were 10M liquid.
Liquid.
I didn't buy a supercar.
Nothing.
Nothing, nothing.
No vacations.
Just simple life.
Because if you can achieve simplicity, you're good.
Everything else is an ego play.
So I'm a man that's married.
I don't have to go out and impress girls.
So I don't have to spend money.
I'm not going to get a money saving.
I don't spend money on that.
We all see the females do.
Bro, yeah, it's a black hole.
So instead, you're a married man.
You're investing in a relationship.
The girl doesn't want you to take her to dinner.
She just wants family time.
She wants to be at home.
She wants to be taken care of.
Quality time.
Quality woman.
So in this situation, you begin to structure your life to save.
And then you're like, okay, I want to go from saving from creating wealth, whether it's from an income of a job.
You want to create a side hustle because you want, you have two things.
They're called deficits and then super habits.
So super habits is when you make more money at the end of the month than you spend, right?
Your PNL is green, or you call it in the black.
If you're in the black versus in the red every single month, what you want to take is that additional money instead of spending it, investing it.
Instead of buying iPhone 1 or iPhone 15, you buy Apple stock, right?
And that's what the philosophy is: don't be a consumer.
Understand who is the one that is carrying the value at the time and invest in that.
Bro, it was so easy to make money over the last five years.
Yeah.
Yeah, there were so many opportunities.
It's easy, bro.
And it's going to get only harder.
Here you have a dude from Argentina.
You have a dude that lived in the Caribbean.
You have a dude that's former Fed.
Like we weren't supposed to be millionaires making money online.
Like that wasn't part of the equation.
We made money.
This shit is real.
Like we all made it in different verticals.
It's not like it's woo-woo.
It's not 2010.
It's real.
So what we did was far from spending our initial principal.
So that's the biggest problem most people have is they spend what they don't have.
If you're on credit, you're cooked, bro.
You're so cooked.
No credit cards.
Get rid of that shit.
That's some.
Or use them properly.
Yeah.
Most people don't use it.
Yeah.
If you're broke, that's a temptation.
It's not an asset.
If you have no income, having a credit card is a whole because you have interest rates.
Most people can't weaponize credit cards properly.
The credit cards weaponize them.
They don't have discipline.
If they don't have financial discipline, it's going to leak and it's going to be able to be noticeable in all these other areas.
And it kills me because if people use credit cards the way they're supposed to be used, absolutely.
They're so fucking good.
But yes, you're right.
Most people are idiots.
It's a game because they see $2,000 credit and they think that they have $2,000 and they don't.
It's like the guy that gets leverage in crypto and says, oh, well, now I have a million and I have 5X leverage on my 200K.
No, you have 800,000 in debt, bro.
Like uncollateralized debt right now.
That's not a joke.
So the first thing, don't spend.
The second thing is you need to multiply your wealth.
So you need to be investing long term.
Investing comes from compounding.
Warren Buffett talks about the compounding effect, compounding over 10, 20, 30 years.
When you buy a good company, when you buy a healthy company, just go look at the stock of McDonald's.
It never goes down.
They're a real estate mogul company.
They're not flipping patties, right?
They're a real estate portfolio company.
So you're just going to put your money there.
You can put your money into Tesla.
You can put your money into NVIDIA.
All these companies that aren't focused on AI, robotics, that's where the money's at.
Risk on with crypto, I would buy Bitcoin, Ethereum, Hyperliquid, KEDA.
These are all high-quality projects that are, I think, safe.
Yeah, I think Bitcoin and Ethereum, you can't go wrong.
It's like two set in at this point, Ethereum and Bitcoin.
It's like they're here to stay.
They're legacy products.
Yeah, at this point.
Yeah.
So you think it's going to go down with a conflict?
Because, okay, and then obviously price metals typically go up with conflicts, which is why it's going so crazy.
So you think we're going to, we're not at the low.
You think 40K is the low?
I think we'll visit the 50s.
I think we haven't seen there's so many shit coins that have that have like nine-figure valuations.
Yeah.
So many, so many altcoins, so many different chains, like this chain, that chain, this thing that nobody uses is what we call ghost chains.
They're just dead liquidity.
There's nothing there.
All that speculation has to get rinsed.
They have to rinse all that speculation clean.
Once we do that, the big whales, they buy.
Market goes up.
They could pump the price of Bitcoin up to 120,000 if they wanted tomorrow.
This is accumulation phase.
Okay.
So.
And it doesn't matter.
Once again, right?
Like if you're buying Bitcoin at 60K and it goes down to 42, goes down to 48, it doesn't really matter.
If you bought your Bitcoin at 100,000, you're probably sweating on that.
Yeah, you're pissed right now.
You're pissed.
Yeah.
But that's your fault.
Yeah, yeah.
But you waited too long.
Like, yeah, you waited too long.
Like, if Bitcoin goes from 15,000 to 100,000, you buy it at 100,000.
It's hard.
It's your fault.
You stupid.
Just look at the chart.
It's parabolic.
Yeah.
So what would you say if it, what is the number where it's like, oh, shit, now we need to actually be concerned here.
You're saying you think it could hit as low as 40.
Bitcoin went, bro.
Bitcoin went from 20,000 to 3,500 in the dump of COVID.
ETH went from 15,000.
So there's no number that worries you.
There's no number, bro.
It's how many Bitcoins do I have?
Like, I'm just like, fuck, like, as long as I can hold on to these Bitcoins, like, I'm good.
Yeah.
Oh, I need more money.
I can't spend these things.
Yeah.
I'm a firm believer that every man should aim to have at least one Bitcoin.
Absolutely.
Dude, absolutely.
One Bitcoin guarantees you will become a millionaire.
Anybody watching can go out and make $70,000.
If they live in the West, they can make $70,000 online in the next 18 months, hustling, figuring it out, save it up.
You can buy Bitcoin if you're serious.
Yeah.
This is a big projection, but when do you think we get to a point where we got a million dollar Bitcoin?
10 years, 20 years, 30 years?
I have no idea because the government can adopt it instantly.
We print new money, another $10 trillion.
Bitcoin is no longer priced in dollars.
That's why it's a little bit weird.
I don't know the number.
All I can say is buy as much Bitcoin that you can because eventually you're going to get priced out.
Shit.
Well, guys, if you guys got questions for Luke, by the way, feel free to.
We've been hogging up all the questions here.
You want me to read some chats or we can keep going?
Or Fresta, do you have something?
We'll get chats.
Okay.
Jesse says, let me see.
Love the show.
What does Luke have to say about XRP?
So XRP's initial goal was to be the chain for banks.
However, due to no adoption, due to pre-mining, which means the tokens are distributed to insiders ahead of time, it's no longer trustable.
Not only that.
People love it, though, man.
Of course people love it.
Bro, they fucking go.
It's like they're stopping.
I want to say something.
I've been buying XRP since 13 cents, right?
So I saw XRP go from 13 cents to 350.
I saw it go from 350 back down to 25 cents and from 25 cents back to all-time highs.
Like, I'm not saying you can't make money with it.
What I'm saying is, I don't think that what they're selling people, which is the idea of becoming the chain for the banks, is going to work.
There's other people competing.
There's other chains competing.
There's other businesses competing for the same what?
Desire to replace Swift.
There's other chains that are ready with better tech that aren't fucking 15 years old, that aren't 10 years old, that are literally supersonic speed, compliant, regulated, traced.
Would Ethereum be an example of that?
Keta.
Keta, okay.
If Ethereum is not, so there's different blockchains for different purposes.
Ethereum operates as like the decentralized application layer of the internet.
So whether you want to do financial remittance, build robots on it, whatever, that's the Ethereum is supposed to act as that layer.
Bitcoin is supposed to act as a store of value.
You have different chains like Solana.
Premium In-Person Relationships00:04:44
Solana is what we call the internet of capital markets, right?
Which is everything that takes place, whether it's meme coins, NFTs, whatever it is, everything that's fast-paced trading takes place on Solana.
Now, when it comes to banking, banking isn't going to operate on the same chains that retail operates on, right?
So I'm looking for where's the liquidity for all of the sectors, real world assets, stable coins, speculation, banking.
With banking, XRP is not going to succeed.
It'll be KETA.
Absolutely.
I know it.
All right.
Do your research.
The entire point of Money Mondays is for me to drop some alpha.
So there you go.
Yeah, no, XRP.
I mean, anytime we bring up crypto, like XRP is almost always brought up and asked about.
So, okay, let's see here.
What are your future plans with Capital Club?
Would love to see a meetup.
Appreciate all that you do, my fellow glitch.
So future plans for Capital Club, I think there's going to be a premium with in-person relationships.
There's a premium with interactions in real life that can't be replaced on the internet.
So, Capital Club is moving from being a digital community to spending more time in person.
So, we've done, you know, events and meetups over the last four years in about 30 different locations, about 14 different countries.
So, we'll continue to do that.
I think it's the best way for entrepreneurs to get away from their monitors and their computers and just connect with people in their city in real life.
So, we'll be working on that.
It's the one thing AI and tech won't be exactly.
That's where the premium is.
That's where the premium is.
Yeah, that's where the premium is.
Being in person.
Okay, what else do we got here?
That's it.
Okay, Frisa, do you have a question?
Yeah, so I went to Twitter actually this morning.
Okay.
I said, Hey, Luke was going to be on a podcast.
We said questions for Luke.
This was actually pretty good from Tan Soul.
He says, What's the question you wish someone would ask you, but no one ever does?
What's the most important thing in life?
Family?
God.
Oh, yeah.
Like an actual devout relationship with God.
Yeah.
Like taking God seriously.
I think that's the most important thing.
From there, everything stems.
But nobody ever asks you, hey, like, what's your relationship with God?
Like, what's the status there?
Actually, you know what?
Let me ask that question because I think I don't think you've talked.
I mean, I know you're a fairly religious guy and you believe in God and everything, but like, I haven't asked you too much because, you know, people, you know, it's either they love to talk about it or like, bro, don't ask me this shit.
So, like, I've always been very weary unless the person is like religiously based.
But what's your thoughts on that in general?
Like, what is your what do you subscribe to?
What do you believe in?
So I definitely subscribe to Jesus as God, okay?
Jesus Christ as God, Jesus as the physical embodiment of divinity on this earth, teaching us how to live, dying for our sins, raising from the dead to give us eternal life and hope and freedom, and teaching us not only how to live, but how to behave, how to act, how to treat others, and giving us a standard and a way of being.
I think that if you look at the world today, which whoever you want to say is controlling the world, they all hate one character.
They all hate Jesus.
That's very true.
I'm going to be like, why do they hate this guy?
Yeah.
Why do these groups that are really weird?
Why do they hate this guy?
And it's probably because he's the truth.
Yeah.
That's so, dude.
The villain of the earth.
Why do they hate him?
Even though he's not a villain.
That's a good point, actually.
Yeah.
Why do they hate Jesus Christ?
That's a good point.
Yo.
Very, very good.
Really nigga.
So, are you Christian, Catholic, Protestant?
What's a follower of Christ, bro?
Okay.
All right.
Just as close as I can be to getting to know him intimately and personally.
Okay.
Church is good.
Whether it's there, you know, there's people.
There's certain things that I don't subscribe to.
I don't like this whole woo-woo, like church going crazy, chanting, running around.
I'm good.
I'm good on that.
I'm not saying it's right or wrong.
All I know is Taoism.
So you do go to church, but it's not like.
Yeah, I go to church sometimes and just like I go on missions trips, just like I go and help on orphanages, just like wherever God tells me, hey, go serve, go help.
I'll just be there.
So, so, Luke, um, the people I've spoken, they've been rolled up for years, actually, a couple years in passing, and they want to know Luke.
Did you study?
I always study, bro.
No, no, but remember back in the day, we were at uh, you know, Tate's Crib, yeah, and we met Luke there.
Meet The Goislop00:03:58
That was a while ago, right?
Yeah, this is like almost four years ago now, and he brought some Johnny Walker to Tristan.
Yeah, hilarious moment.
I've been putting everywhere now, memes and TikTok.
Isn't it funny how it took like years for them to like?
Yeah, yeah, but I'm like, they're so behind, years behind, bro.
Yeah, we were there.
Like, I was like, wait, this is going viral.
Like, this happened like three years ago.
So, funny.
But remember, your brother gave me instructions about not eating McDonald's anymore.
Yeah, bro.
And the seed oils.
Yeah.
That went viral too.
That made its rounds, bro.
That was some good internet times, bro.
McDonald's, man.
Bro, like, if you see how they make the food, like, oh, God.
It's goislop.
Yeah, it really is goislop.
It literally call it what it is, bro.
Like, that's what it is.
We're just going to say what things are from here on out.
Just call it what it is, be real.
And definition of goislop.
Sorry, you got something first?
No, um, he answered it pretty well.
But okay, question.
Uh, who would you want to meet now you have met before?
Like, celebrity, maybe uh entrepreneur?
Who would you want to meet now for networking purposes?
Damn.
I was going to say what I was going to say, but then I'm, I think about all the repercussions of my life.
I'm like, who would I, who would I like to meet?
I think I think probably the forefathers.
I think those would be sick.
They think like founding fathers.
Founding fathers America, okay.
Sure.
Yeah.
Real geez, 23, 24, 25, saying fuck the empire.
Yeah, yeah.
Nowadays, 24, 25, 26, bunch of pussies, bro.
Yeah, yeah, yeah.
Yeah, I can't even figure shit out.
You know, I thought about when he said the Founding Fathers?
Yeah.
Finally Titans from AOT.
I don't know what I thought about that.
Just random.
It's an anime reference.
Oh, okay.
Okay.
So, okay.
And obviously, you don't got to go into detail, but I know these probably people are going to probably want to finalize.
So, like, is Capital Club still running the way that it was?
Are you?
Yeah, everything's operating smooth.
Okay.
I had to deal with some matrix nonsense, but people ask me, hey, Luke, what happened?
And all I answer is, has anybody ever tried to steal from you?
And if the answer is yes, then that's what I'm going through.
Oh, shit.
Oh, shit.
No.
And it's good because I wasn't sure if you were going to split off and do your own thing or you were going to maintain that just to not deal with the bullshit.
I own everything that I work on.
I own everything that I do.
And like I said, once you're the face of it, bro.
Once you begin to achieve success, people aren't going to want to take from your plate.
They're going to want to say, no, this guy didn't do the work.
How many times have people wanted to say that you haven't input the work, that you haven't done the hustle, that you haven't put in the hours, that you haven't done the reps?
They want to take your shit, bro.
Well, it was crazy because when I heard about it, I was like, he's the face of the brand.
Like, what the fuck?
Like, what, like, you know, I didn't even know who this other individual was, right?
Like, what the fuck?
Like, I'm coming in.
I've got to explore.
Like, bro, nobody knows you.
Like, what do you like?
I don't know.
I don't want to go too much into it because I'm sure there's probably like legal matters or whatever.
But I just found it crazy because I was like, like.
I was going to find it crazy, but then I found it pathetic.
And just realizing that 40-year-old men trying to do what they want to do online with public stunts.
But you know what's also interesting, which what I also noticed is how weak men have taken a place in society where they can weaponize courts, where they can weaponize software.
That's why we see all these betas in society that are doing things.
It's merely because they've been given power to remotely be able to bully, remotely be able to bother.
But in person, 500 years ago, that short little kid standing in front of me wouldn't do the same thing, bro.
He'd get clapped.
Level Of Scrutiny00:15:08
Yeah.
And then his entire village would get raided and all of his women would get taken.
But today, I just have to beat your ass in court.
So we'll just do it that way.
And not only that, it's like uncharted territory.
Because as technology continues to expand and move forward and change, it's like, this is all like all like uncharted territory a lot of the times, right?
So especially for like these legal people who, you know, I always say like the government and these lawyers, they tend to be like 10 years behind things, right?
They're not like on the cutting edge of technology.
I understand how this shit works a lot of the time.
So, so yeah, but no, man, I mean, give the lawyers some money, let them play the paper minigame while we go do real things.
Yep.
So look, man, we're probably going to do a tour at some point.
We need a tour of Puerto Rico, man.
Come, let's do Day in the Life of Luke Belmar, bro.
We'll do the golf carts and we'll do the beach and we'll go fuck around a bit, bro.
Yeah, Puerto Rico's nice.
Well, you've been there?
Yeah.
No, I haven't.
But I know I almost got sent there when I was an agent.
But, like, I'm assuming you don't live, like, yeah, you probably live, like, in a secluded area that's, like, probably getting off and stuff.
All I can tell you.
Because Puerto Rico could be very dangerous if you're in a wrong place.
Let me put.
Let me put you.
Let me put you into gun violence.
Let me put you into framing.
Yeah.
So about 90 minutes off the off the east shore of Puerto Rico is little St. James Island.
Oh, okay.
All right.
So a couple years ago, a tweet went viral by one of the founders of DAI, which is a decentralized state, saying, hey.
All the crypto people in Puerto Rico, right?
Bro, did you see that tweet?
No, there's a tweet that went crazy by said, did you not see that tweet?
No.
No.
You're going to pull it up?
Yeah, go for it.
We can put it on screen.
Send it to one of us in the middle of the morning.
So this guy got killed, and he just showed up at the shores of— A white guy, right?
What?
A white guy.
Yeah.
I remember seeing that post.
You saw that post.
Could you put it for the audience?
Let me find it.
Connect back to my hotspot.
You can jump on the Wi-Fi if you want.
Because I saw he showed up on the beach ashore, lifeless, of course.
And he's some big crypto guy, right?
Bro, he's a super big crypto guy.
He's one of the guys that was going up against banking and fractional reserve banking.
Dude, I can't find it.
I can't hop on this internet shit.
Let me see.
Someone in Castle Club, please help us.
You said DYE.
I could try looking for it right now.
So let me go to your Twitter real quick.
Yeah.
Let me see.
Whichever one you want.
dive.
Hey guys, if you guys got questions for Luke, get him in now.
We'll be on for like another maybe like 10, 15, 20 minutes.
And then we're going to do after hours here with some girls.
I think they're here.
Let's go.
So we got what, like 2,500.
Yeah, almost 3K of you guys watching right now, man, between the platforms.
So yeah, guys.
Not buddy.
Go viewers.
Get your, yeah, never bought.
Hell no.
So go ahead and watch.
Go ahead and like the video first and then second.
They did a study.
So this is so, okay.
Sonic?
He said this shit is insane.
Okay, let me send it to Mo so you can pull it up on screen.
Let me do this.
2022.
Okay.
Mo, boots on next, right?
Okay.
I'm going to give you guys this right now.
So we can pull it up so you can, and then you can walk the audience through it.
Also, real quick, just reach the timeline news.
The SEC alleges Tai Lopez was involved in the Ponzi scheme, and the FBI has reportedly opened an investigation per WSJ.
On Wall Street Journal on Tai Lopez?
Yeah.
Holy shit, bro.
Yeah.
That's why you never take other people's money.
You always take it.
Yeah, dude.
Yo, bro.
See, bro.
That's what it comes down to.
He's a marketer.
He's not a fight.
Bro, know your place, bro.
Go back to selling horses.
That's what you were doing well, bro.
I can't tell you how many times people have said, yo, you guys should do like a real estate fund.
Y'all should do that.
I was like, fuck no, bro.
Never touch other people's money.
No, man.
In America, when you play with other people's money, the level of scrutiny and the level of repercussion and backlash that you can get is very high.
Fuck that, dude.
Like, I see Grant Cardone doing it.
I see a lot of these, like, you know, especially like the big real estate guys, yeah, like on YouTube.
They just use it to funnel to, like, you know, hey, invest with me, invest with me.
And I'm like, look, I get it.
Like, you make a bunch of money doing it, bro.
But, like, the headache, like, you, you, you are wearing golden handcuffs.
You are at the mercy.
Bro, if somebody has a million dollars in your fund and they call you at midnight, you better pick up.
Yeah.
Like, you're, you're always online.
You're, you are chronically connected to your phone.
Your fund is your lifeblood.
And all these funds in crypto, they're getting destroyed, dude.
Like, never touch other people's money.
Period point blank.
Dude.
And I know a lot of people do it because like they're like, okay, I need to cash in on this influence.
And that's one way to do it.
But dude, fuck that, man.
Like, I've never done it literally because of that.
Yeah.
Because once you start taking other people's money, bro, now you get, you need one hater.
Well, all you need is an FBI.
You need to get a lot of money.
All you need is a small hole in your balance sheet for that shit to begin ballooning.
That's what the Ponzi scheme is.
He had to bring in new deposits to take care of the old depositors.
Yeah.
That's all it is.
Wow.
It became a spy.
It spiraled out of control.
We met Ty.
No, but he's a nice guy.
He's a nice guy.
Very smart.
He's a smart.
He's a smart individual.
I met him too.
He's a smart individual.
I can't say that he's.
Isn't he in Puerto Rico as well?
He used to be in Puerto Rico.
I think he's back in California.
I can't say he means ill will, but I mean, I guess with the fun, if things don't go well, you got to kind of.
And keep in mind, this is shit he's probably not even aware of.
Like, he's probably got dudes like doing the books for him and doing all handling all that shit.
He's just the face of the brand.
It's his name.
Exactly.
It's kind of like Hawk to a girl.
She came into this whole crypto thing.
Like, oh, yeah, I'll make my coin.
Hawk to a coin.
And then go.
But once again, you are ultimately responsible because you're the person that puts these people behind.
Yeah.
And it's just like you are responsible.
And if you're going to take somebody's money and you're taking millions of dollars, that means this person has more millions and you're going to fuck with somebody who has a lot of money, bro.
It's not going to be good.
Yeah.
Yeah.
And some of them might just come after you out of spite because they have the money to do so and they're just pissed off.
Yo, someone said cash maxing.
What the fuck?
Okay, pull up that tweet.
So right here.
Yeah.
Here it is.
Pull it up on your phone.
I don't know if you can see it.
So this happened in Puerto Rico.
So this founder tweeted this.
He said, CIN Masad and Pedo Elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and Caribbean islands.
They're going to frame me with a laptop planted by my ex-girlfriend who was a spy.
They will torture me to death.
The next morning, he showed up dead in Condado Beach.
Wow.
The next morning.
And he died from drowning.
Yeah, bro.
If you knew what's going on in that island, bro, Puerto Rico gets fucking messy, bro.
I'm not on a table.
No, I believe it.
It's in a very strategic location.
Yeah, it's next to Haiti.
It's next to Miami.
It's next to where this guy was doing his shit.
Like, it's pretty crazy, dude.
U.S. territory, but it's there in a very strategic location.
There's lots of Chinese all across the Caribbean, you know, like, you know, all over the Bahamas.
Yeah.
Bro, they're all over the Bahamas.
They're all over Jamaica.
Like, there's a Chinese fucking embassy.
Yeah.
And the Bahamas, if I'm not mistaken.
Yeah.
Yeah.
They're literally everywhere, bro.
So they're like the Indians of the Caribbean.
I swear to God, bro.
I'm just saying.
Niggas are everywhere, bro.
Yeah.
Damn.
So that's nuts.
So he called and then the next day shows up drowned.
Yeah.
Next day, dude.
Did you know him or no?
No.
No.
But like, I know who's behind it.
Yeah.
Why do you think they, what was his reason why they needed him gone?
Because he called it out or was he doing some other shit before that?
Because I'm thinking if they had a spy into him.
Because these are the guys that are creating the financial tools that the elites are actually trying to utilize.
If you look at the Epstein files, Epstein was actually Funding the Bitcoin Foundation and a lot of crypto projects before, whether it was through MIT or whether it was through grants, whatever it may be.
He had his fingers in the entire financial world, bro.
I was watching a Steve Bannon interview on stream, and the dude was looped in with some very like from traditional Bear Stearns to crypto markets.
He was involved in every single facet of finance.
And it's funny because when he was there talking, like, how do I put this in words?
Essentially, he understood money to a deep level where it's like, okay, look, everything that you think you know about money, you really don't.
He understood money at a Jewish level.
Yes, there you go.
Yeah.
And money at a Jewish level is not money at a goy level.
Yeah.
Because goys look at money as what?
As a means for me to survive.
Yeah.
Jews don't look at money that way.
It's a completely different perspective.
And his emails show that actually.
He had that mindset.
He literally called people goys in emails.
Yeah, of course.
That's what he believed.
I respect his honesty.
Yeah.
He was blatantly honest in the fucking emails.
Look, I have a question for you.
Would you consider yourself smart?
High IQ?
I've never measured my IQ.
What I would say is you measure somebody's intelligence by their ability to get what they want in life.
Okay.
So I evaluate my life.
Have I achieved what I want to achieve?
Yes.
Good.
I asked that because if you had a choice to be either a goy or Jewish, what would you be?
I'm just saying, bro.
Come on, man.
Luke is the man, bro.
Come on.
I'm just curious.
Bro, I'm actually German.
Oh, shit.
Wait, this is Argentina.
A lot of them gave me hell.
Went over there after World War II.
No, but no, it's a different level of understanding and manipulating it to your advantage.
And he even used to say this in his email.
Like, yeah, we control the money markets.
We can make this shit happen, blah, blah, blah.
And they do.
So, and he had a very deep under, even though, like, because as he's talking to Steve Bannon, who's a goy, he's talking about money in a very like, like, I guess, simple level so that he would understand.
Yeah.
But, uh, but it's very obvious that, you know, there's a reason why Les Wexner gave him the money that he gave him.
I'll just say that.
For sure.
There's a reason why.
Like, the dude understood what the fuck was going on.
And he used how to weaponize.
He also knew how to weaponize it and weaponize it to get into certain rooms to get other people that were, you know, very wealthy and compromise them, even though they had higher networks like Bill Gates.
He was blackmail maxing.
Compromise.
Compromise off of the highest order.
Just for the record straight.
That's all networking, bro.
That's blackmail maxing.
Yeah, that was blackmail maxing.
We don't networking.
That's something completely different, bro.
Like, he was weaponizing money at the highest level.
I'll just say, like, he was literally using that shit as a fucking tool, weapon, not to buy things, but to get into certain rooms to get power.
But look at Hollywood.
That's what they do, too.
You're a celebrity, you're an artist.
You want to be a part of the team?
Come with this party.
We got you.
Here's some treats on it.
Yeah.
Like, bro, like, these young people don't know.
Like, they'll be like, oh, like, Elon Musk is rich as ever.
Bro, for decades, like, it was Bill Gates that was the richest guy for sure.
For a very long time.
So, like, bro, for a really long, for he was the billionaire.
Yeah.
The billionaire billionaire.
When we grew up, he was the billionaire.
He was the guy.
For 20 years.
Like, these young people now, they're like, Elon Musk, Elon Musk.
I'm like, bro, Bill Gates was that ninja.
Elon didn't exist.
Yeah.
He was scamming PayPal and trying to find a way to get money that way.
And, you know, Tesla this and Tesla that.
Oh, now, and now the big scam is he said, we're no longer going to Mars because it's going to take too long.
We're actually going to the moon first.
Like, dude, he's a scammer.
He's a finesser of the highest order.
It's all these, all these markets are cooked.
All these books are cooked.
Everything is speculation.
Everything is sentiment.
So now that's why he bought Twitter.
He knew that Trump was going to win before why he had all the data sentiment.
He had the sentiment data, everything.
Well, it was like a big, like 2024 was like a big Trump app.
That's why, like, when you see the markets fluctuate so aggressively, is because what would take, you know, two weeks to get across the world when we had the New York Times as a newspaper now, because of X, gets instantly transmitted to everybody right away.
Yeah.
So everybody reacts to the markets the same instantly.
So you have insane price fluctuations that the market has never seen before because now you have the newspaper boy landing from the printing press, right?
Which is the typer, the person that's typing to the reader instantly, equally, whether you're on Wall Street or whether you're in Bermuda, whether everybody gets it.
Well, I remember the first pump for Bitcoin was when Elon said BTC on the moon years ago and then it flew.
But hold on.
Look at gold and silver happened recently.
If you notice, two days before it dropped all the way down, pretty much, they did a marketing campaign on X about you should buy gold.
Gold is going up.
Silver.
Trying to fish liquidity.
I kid you not.
The next night, the next night, it started dropping.
Next morning, done.
I was like, wait a minute, they did a whole campaign, gold silver, pretty drop late the next day.
What the fuck's going on?
It was on purpose.
Absolutely.
Like, what the fuck?
Also, I've noticed with young people, they don't respect precious metals.
Yeah, they don't.
Like, young people do not respect.
So I'm actually really surprised that a lot of young people in their 20s and shit.
Like, we're a little bit older, maybe for us.
Like, we understand it.
How old are you?
30.
Oh, yeah.
But like these young people, bro, like in their 20s and shit, like TikTok generation, bro.
These niggas are all like, yeah, they're on crypto and they look at precious metals like, this is whack.
This is lame.
Like, who the fuck buys precious metals?
But I think at the end of the day, like precious metals, I think is really where it's interesting that you like, because you're such a big crypto guy.
I didn't think people saw that you would, you know, come out.
I'm huge on, I'm huge on it because whether it's AI robotics, chips, everything is precious metals.
Everything is precious metals.
Everything uses silver.
Silver is an asset that actually isn't just sitting on a vault.
It's used for everything.
Like we wouldn't be able to stream unless we actually had silver.
So it's actually useful.
If the internet goes out, I still got silver.
I still have land.
Yeah.
Yeah.
Power outages.
Like, yeah, you want those precious metals.
What would you say to like the crypto bros that like, because you know, I would consider you like a pretty, a very big figure in the crypto space, right?
A lot of your money is in crypto.
What would you say to these people that like are like, oh, crypto, everything, fuck everything else?
Because a lot of people that tell people like, fuck the class, you know, diversifying your portfolio, go all in on crypto, fuck the hard assets, fuck the old man money with the, with the banks and the SP 500 and the, you know, index funds and precious metals.
Why Crypto Broths Can't Sell00:07:14
What, what would be your, I guess, your response to that?
I have never met a Bitcoin billionaire that only holds Bitcoin in their balance sheet.
Oh, shit.
There you go.
They're diversified.
Bitcoin is a small part of their portfolio.
But look, Michael Saylor.
What about Michael Saylor?
Michael Saylor is selling micro strategy stock in exchange for Bitcoin.
The dude's made hundreds of millions of dollars selling his micro strategy stock to speculators.
He doesn't need the like, yeah, bro, the guy's loaded.
He's a multi-billionaire.
If you're speculating, but it's not from Bitcoin.
It's before, from other investments, whatever it is.
Like the guy already had money.
He's living in a $40 million house in Miami.
He's not you, right?
Like if he loses all his money in crypto, he's still sitting on hundreds of millions of dollars of liquid cash.
That's a good point.
Yeah.
So these guys are doing all these big speculation bets and these big billionaires making these plays.
These guys have so much land, so much property, so many assets outside of crypto that even if it went to zero or a billion, it doesn't matter.
They're good.
They're chilling.
So you've been in crypto for a while, expert at it.
You've watched the markets.
You were, you know, in it, but you said for over 10 years now at this point, I would say, right?
You said like 2016.
2016.
20, 2016.
So right around 10 years.
What asset classes are you picking up or delving more into since you've kind of like mastered the crypto?
And you mentioned that you'd like to diversify.
So what are you kind of getting into yourself?
So in crypto, first of all, it's understanding what you want to invest in.
So gold equivalent to Bitcoin, right?
That has its own store of value, how people perceive it, how banks perceive it.
Oh, you've been picking up gold or you probably had gold before.
I've had gold before, yeah.
But once again, even I feel priced out of it.
Like I wasn't ready for this.
Like, what?
Yeah, I ain't gonna lie, bro.
When I saw 5,000, I was like, oh, wow.
Holy crap.
Like, if you price your net worth in gold, you're broke as fuck.
Yeah.
Bro, I saw that campaign.
I was like, yo, I kind of want to go buy some gold and silver now.
Luckily, we have some from before.
I was like, it made you want to go buy it.
And it, dude, literally the next day, dropped.
You know what's funny?
There's a clip, bro.
Can we, can you go on Twitter?
There's a clip of Grant Cardone talking about gold and how it's kind of a shitty asset class because you can't sell it right now is what he's saying or some shit like that.
Let me know.
I'd like to get your thoughts on it.
But it's not true, right?
So I saw the video.
You know what I'm talking about?
The video.
The videos?
Let's throw it to Mo just so the audience can see it.
So they'll know what Luke is talking about.
And for the background, just people know.
Grant went on Vlad TV.
Yeah.
And they talked about this with gold because you guys know gold is super high right now, which typically happens whenever there's a conflict.
We'll play the video real quick, then we'll get Luke's commentary because I actually am very intrigued to see what he's going to say about this.
And for those of you that don't know who Grant Cardone is, heavy real estate investor, you know, he for a very long time, he made fun of crypto.
Yes.
But he had Bitcoin the whole fucking time.
Yep.
Right.
Like you have to like watch this content.
He would secretly, yeah, I got Bitcoin.
You know, but he would, he, but he's just recently went public about having a lot of it.
Buy my fund.
You know, um, but let's go ahead and play this clip and I'd love to get Luke's reaction to it.
This is him on Vlad TV talking about gold.
I know a guy right now trying to get rid of like 10,000 pieces of silver.
He can't.
Really?
He can't get a real offer on it.
Everybody, he's getting a 30% discount below the market.
Damn.
Like this is this is people see it just spiking up like this and they're like, oh my God, gold's at $100.
Go try to sell a fucking shitload of gold.
Go try to sell $10 million worth of gold today and watch what happens.
You're going to have offers 20 and 30% below market because you want to sell your gold now.
You're showing your hand, putting your flag up, saying surrender.
I want my hundred bucks.
You're not going to get $100 for your gold, not in scale.
I mean, listen, you're not going to get it tomorrow.
Yeah.
Much less in five minutes.
Gold, same thing.
It's got to go get authenticated.
It's got to get validated.
It's got to get, dude, there's a lot of fake gold, okay?
Then somebody's going to have to pay you the money and then you got to get it out of storage, okay?
The Bitcoin, the Bitcoin is a real thing.
So I can have it tomorrow.
I can trade it back to you in five minutes.
Like that, that to me is real because Bitcoin to me is not just money.
It is technology.
Unlike gold or silver or even paper stocks, okay?
Paper stocks is a technology, but they can just keep printing the paper forever.
All right.
What are your thoughts on that?
Homie should have been saying this when Bitcoin was $6,000 instead of dissident.
Robot the top at $100,000 with this fund.
Here's the thing.
Now you can't sell Bitcoin because the premium of the spread is so high because Bitcoin or silver.
Excuse me.
Gold and silver.
Yeah, of course they're a premium because the people that are buying them from you, they need to be able to sell it.
So there needs to be a spread because you don't know what the liquidity is specifically of people trying to buy it at that spike price.
Give it six months, let it stabilize, and you'll be able to remit that payment instantly.
Right now, of course, people aren't going to buy it, but it's not because the books aren't liquid or because it's not worth it.
It's because there's a risk profile because the chart is so fast, so quickly.
Let it stabilize, and you'll be able to get 100% return on whatever it is that you put.
Like, you're not going to get discounted price.
I don't see it with Bitcoin.
I agree.
You have the ability to trade in and out of it instantly.
It's super liquid because it's an international market.
What I would argue is that Bitcoin aggregates all of the markets of the world into one asset, aka Bitcoin.
What Grant is presenting here is that he hasn't found a good buyer for his gold.
Yeah, or his buddy, allegedly.
Yeah, he hasn't found somebody that's willing to buy it.
What Bitcoin does is all of the buyers aggregate into one thing.
When it comes to gold, you don't have that.
It's more decentralized.
There's more markets.
And not only like you're looking for a very specific market too.
Like, let's be honest, like, most normies are not holding gold and silver.
Which is governments and really astute advice.
Which is why, which is why, if you're trading Bitcoin, trading gold, you can hold an ETF.
Like, you can hold the gold ETF, right?
That tracks gold.
You can hold XAUD.
Yeah, which is your stable version on chain of gold.
You can do it in the Forex markets.
You can trade paper versions of gold and get out of them instantly.
The idea of having physical gold is the idea of having something that is completely uncorrelated with everything else that you're doing.
Like you need something that when the, when we go to war, this thing goes up.
When we're at peace, this thing is stable.
It's just it's a different asset class.
Gold needs to remain in its own category.
Yeah.
Okay.
I wouldn't compare it to Bitcoin.
Bitcoin's different.
So I would have just said, Grant, you should have been on the train long, long before.
Yeah, I never thought I'd see that they were making an argument against Grant for cryptocurrency in favor of precious metals.
That's crazy.
We should have a debate between Grant and Levi.
Why Not Gold?00:12:10
That'd be hilarious, bro.
Yeah, that'd be interesting.
It would be interesting.
But yeah, Grant has definitely undersold his interest in cryptocurrency for a while.
And I've noticed a lot of these establishment guys, whether they're an investment banking or yeah, like they've like quietly been picking up cryptocurrency and not talking about it.
And like now everyone's going public about it when it went ETF and became an ATF, et cetera.
But like for many years, they laughed at it.
Bitcoin, ah, that's just bullshit.
Like all these like legacy type investment guys.
They're buying money.
Yeah, but they were always buying it on the low base.
And they never really actually took the time to study the technology.
They never actually took the time to stop and be like, hmm, maybe the internet actually needs its own currency.
Yeah.
These guys aren't thinking like that because they're old heads, right?
It's just like, that's why all these new crypto kids came in and just made a killing.
Yeah.
Sure.
Okay.
So I'll read chats and then we'll do some after ours with some lovely ladies here in a little bit.
It's already almost 11 o'clock.
Any more chats?
Okay.
Probably questions for Luke and we'll fly through these.
Kobe says, I work a sales job at Verizon.
Not going to lie, making good money, 120K plus per year.
Good stuff.
They treat me like shit, though.
I hate door-to-door.
What's the best sales job in y'all opinion?
Dude, that's all sales is going to suck.
So what I would say to this is, first of all, the fact that you're even mentioning that they treat you like shit.
It just, bro, you're making $120,000.
Like, chill the fuck out.
It's okay if they treat you.
Like, you're not, you're doing sales.
What I would do is I would do remote online sales versus door-to-door.
What, how old is this guy?
Maybe you can do another chat since you're a rich guy.
You can probably do another $10 and tell us how old you are.
I think age is important to answer the question.
Answer the question.
All right.
Because if you're 21 versus 30 and married.
Yeah, you can take significantly more risk.
I see what you're saying.
Yeah.
No, that's true.
That's true.
To dispense the best advice for you, yeah, you do have to know certain things.
What else do we got here?
Always love the Belmar Collabs.
When is your book coming?
So I've been working on a book on just my principles of living, just like the guiding principles that have allowed me to live a good life.
When are you dropping it?
I think at the end of the year, I'm just finally.
When you drop it, dude, make sure you do come back here and we'll be able to do it.
It's supposed to be a simple read.
It's supposed to be something that just sits on your nightstand and you just pick up and read for two minutes.
And it's just like, it's a principle of like, hey, like, this is something I can carry with me for the day.
So I just want to keep it simple.
Okay.
Do you still DJ?
Yeah, dude.
I've been off of the scene for about seven months.
Yeah.
I like it, but it became, it became, everybody started doing it.
I'm just like, nah, bro, I'm good.
I feel like he was crazy.
Everybody became a DJ.
Everybody's out here doing parties.
I'm just like, I'm just going to go hang out with my friends, hang out with my family, just actually stop hanging out with these fucking weirdos that I don't know, taking my girl to a place where people are just laying eyes on her.
Fuck that.
You know what's crazy?
So the scene was first rap, hip-hop.
Now it's moving to house music.
And everyone's a DJ.
I'm like, nigga, you were doing rap yesterday.
What the fuck's going on?
Like, what is this shit, bro?
They're trying to fit in, bro.
Yeah.
Yeah.
We just got to keep it simple, you know?
But I will say this: the crowd there, some are definitely weird, but there are some rich people there, billionaires, millionaires.
Oh, yeah.
EDM.
EDM attracts.
Dude, for sure.
Like, I'm not saying it's not a good timer that you can't have fun.
What I'm saying is just like, unless you're doing VIP, bro, if you're in the fucking bitch.
Oh, yeah, nah, yeah.
Not doing that sweaty, Jeet trendy shit.
No, you can't, dude.
Especially if you're like famous and shit.
Nah, hell nah, bro.
You can't.
VIP only.
TBC Film says, how do you feel about the coin market like holding certain pennies due to the penny no longer being made anymore?
That's an interesting question.
Yeah, they did this stop production of the penny.
I think it was either late last year or this year.
What are your thoughts on that?
Luke, if you have anything else.
It's like asking, hey, are Pokemon cards going to go up?
It's all supply and demand.
Copper is going to do well.
It's a precious metal.
There's going to be a high demand for it, whether you're doing it from a penny or whatever.
It's arbitrage.
What he's basically saying is, I found an arbitrage method where you can make money on your arbitrage of this asset class.
Exploit it.
Yeah.
Okay.
What else we got here?
How do I go about investing to make passive income?
No such thing as passive income.
You need to work on everything.
Even if you have a property, there's no such thing as passive.
If it takes one ounce of energy from your mind, it's no longer passive.
Damn, that's a good point.
Yeah.
But I would say if I he's saying like with the least work possible, real estate could be a one-way, but like at the same time, that it does, like people all think like, oh, yeah, maintaining real estate is the easiest thing ever.
Bro, it's a pain in the ass, man.
It is a pain in the ass.
It's not easy.
I told you I'm into my property.
Oh, yeah.
Is the power still down?
Yes, bro.
Oh, my God.
Yes, another one up.
The power line went out next.
Someone crashed the car.
It's out.
So many variables outside of your control, dude.
No, they're mad at me and like, nigga, what the fuck?
Bro, I love y'all niggas.
Man, I wish I had power too, but it's not my fault.
Yeah, so what?
Someone's running from the cops to knock the power line?
Yeah, so get this.
I have to go to the code committee in Florida to get it approved by FPL to put the lanes back.
I'm like, nigga.
And it takes a week.
Wait, is it only your house that's out?
It's got to be the whole street.
Only mine.
Tenants are pissed, but I'm like, dude, it's not my fault.
But building codes, got to follow the rules, I guess.
All right.
Whatever.
Armat says, I'm 23, have about 25k saved.
I invest in my Roth IRA and dollar cost average into crypto, specifically Solana and XRP.
Would you guys recommend I focus on ETH and Bitcoin?
Or my Roth is Solana promising?
I'll let Luke take that one.
If you invest in a Roth 401k, any of these things are all scams.
There are ways for funds to take your money, take their carry fee and take your money.
If you're going to, so you're not a fan of 401ks?
I'm not a fan of any of having other people manage my money.
I'm not a fan of putting my money in it, disappearing, and not being able to touch it.
And I have to wait till a certain year because if I did say you're a liquid guy, so that makes sense.
Yeah, it's just like weird, like all these rules and stipulations for me to get my money back and then I have to wait X amount of years.
If not, you lose 20%.
Bro, fuck out of here, dude.
Give me my money.
I'm going to buy some Bitcoin.
Get the fuck out of my way.
Yeah.
You know, it's interesting.
Like, so like 401ks is like a hater love it, right?
Like, there's people that are like, swear by it.
They're like, it's great.
It's, you know, and then there's other people like you, like, yo, it's bullshit, whatever.
You know, Grant Cardone also says it's 4012.
It's bullshit.
As a guy that used to work for the government, I see its purpose.
Like, for normies, it's stupid proof, right?
They match, you know, because most people don't look at money the way that we do.
They look at it as like a means to an end and they're a material problem.
Again, it's a fine, it's selling convenience at the cost of a very poor financial instrument.
That's what it is.
Yeah.
It's not that you can't make money on it.
It's that it's not the best vertical available.
Yes.
But it is the only available vertical if you're a retard.
Yeah.
And that's really what it is.
It's literally stupid proof.
You can't take your money out.
You get this much.
You put 5%.
We pull 5%.
It's literally like, yeah, it's.
And then they use your money for themselves to make more money.
Oh, yeah.
So they make money off of your money.
Yeah.
And meanwhile, you got to wait 30, 40 years.
Whereas you could have taken it in that time and done way more with it.
Exactly.
Right.
Wall Street.
Yeah.
But, but no, that's, you get our, yeah.
I mean, that's 401k is literally for normies.
Comedy skit says, great show.
Question for Luke besides Bitcoin, Ethereum, and Solana.
What three coins should we buy?
You called earlier.
Yeah.
So a couple, I'll re-emphasize on them.
These are ones that I stand behind.
You have Solana.
I think Solana is going to do well.
Oh, you mentioned Solana.
Okay.
We're going to have Hyperliquid.
Hyperliquid right now is what is going to be called the house of finance.
Everything that's taking place, it's top 20, I think, or top 15 crypto projects.
It's the only profitable crypto project, one of the few profitable crypto projects that actually has a token.
They make about $2 to $3 million a day in fees from trading.
Damn.
Ton of money.
Billion dollars.
All last last year went back into token buyback.
Right now, I think we're sitting at about $30 for hype.
If Bitcoin goes down, it'll probably get affected.
But I see hype going to $300, $400, $500, getting repriced.
We have Keta, which we call the XRP killer right now sitting at about 25 cents, which is about 125 mil market cap compared to 30 or 40 billion dollar market cap with XRP.
The differentiation is very big, and they're closing massive deals.
And that's the two alternative plays right now.
I would say Hyperliquid and Keto, the two big ones.
Outside of like the conventional assets, Bitcoin.
This is one thing for all you guys that don't sit there and say, oh, Luke is shilling a thing.
Guys, look, he's responding to a question.
He already talked about it.
No, it's like, it's like, go research what I just mentioned.
Yeah.
Go research Keta.
Go research Hyperliquid.
Go spend 10 hours, 20 hours doing the research, and then come back and post your comment.
Otherwise, shut the fuck up.
Yeah.
Well, you know, people always take it out of cars.
It's like, look, you're showing this coin.
It's like, no, you missed a whole other part where we talked about the stable coins, what's safe, what's not.
You missed a whole part about precious metals, right?
People, I've noticed that whenever I bring like you on or someone that like does crypto, like they'll clip the one part where they'll talk positively about like an altcoin.
And like, see, they're showing this coin.
It's like, you missed the whole other part where they said only get into this with expendable income.
That's true, bro.
You know, it's like collective hearing.
Give them the 401k, bro.
Yeah, yeah, yeah.
Yeah, 401k, bro.
Yo, just put the 401k in the back, bro.
There you go.
Just put the 401k in the back.
What else do you got?
I want to know what your thoughts were.
I've invested in ADA since 2022 and was able to buy my first property with the returns.
It's a price point of 2022 prices.
Consolidate or buy BTC?
Buy Bitcoin.
There you go.
Yeah.
Guys, it's about, guys, it's about protecting your money.
Protect your people.
Do you think it's too high right now for them to get in at 70?
Or is this their chance?
Once again, dollar cost average.
Right?
Like, if you have $1,000, $100 a week.
Oh, well, what if it goes up?
Too bad.
Yeah, it's your fault.
You went that damn long in the first place, honestly.
For the first time investing, is it a good idea to pay a financial advisor to do it or figure it out for yourself?
And what's the best platform to use to invest?
There's plenty of free content on the internet to learn how to invest into basic assets.
Bro, you can go on Twitter.
There's billionaires.
Just follow every single billionaire that you can that is known to have been in Bitcoin or in crypto early on.
Turn your notifications on to their tweets.
If they're not shit posting and they post actual valuable content, learn from them.
Yeah, I'm not a fan of people doing it for you, bro.
Everything available.
If anybody does anything for you, it means you're handicapping yourself.
Yeah.
And when it comes to money and finance, bro, that's a very sensitive topic.
Nobody should be involved between you and your finances.
And if you're that lazy about it, damn, like just get an index fund, bro.
Just get an index fund that tracks the SP 500 or get ready to lose your money.
Yeah.
Because, you know, at least with index funds, like, you know, they just work, right?
And, you know, you track something stable like the total stock market index or the S ⁇ P 500.
And, you know, that's better than giving it to like an investor that's going to do the same shit pretty much.
We got Top Shea.
Welcome, Luke.
NFNF Productions.
Question to Luke.
Thoughts on banking programs and CD rates and CD as a whole?
Shout out, Top Shea.
I just fucking anything that I just don't live with banks.
I operate with cash.
I operate with Bitcoin.
Like, I'm done with the traditional legacy system.
I can't support it.
Like, I can't support it.
If you support it.
Like outside of your cash that you have, like, you probably have that in a bank.
You don't even keep that.
Bro, I'll tell you offline.
Like, my whole setup, bro, my whole setup is completely different.
I'm in Puerto Rico.
I operate off of capital gains.
Like, I do Ave swap loans.
Like, I, I, like, I'll collateralize my Bitcoin and then pull out a loan tax-free.
Why We Ditch Banks00:01:20
Like, yeah.
Right.
So there's a process.
Yeah, there's a process.
That's what the wealthy do, bro.
They literally just take loans on their fucking assets, bro.
Cause there's no taxes.
So I'm playing a different game.
Yeah, like collateralization.
Like, I don't need the fucking bank anymore.
I'm my own bank.
Yeah.
Yeah.
And especially having controversial views, man.
The banks are.
Who gives a fuck whether you make three or four or five percent on your bank when they're inflating.
If you're lucky.
If you're lucky.
Yeah, if you're even lucky.
You won't even get, you won't even get, bro.
Their high yield savings won't even get barely get you five.
So it's like, might as well just hold USDT and stake it for 3%.
Yeah.
Like, might as well hold Ethereum and stake it for 4%.
Yeah.
Yeah.
Anything else?
All right.
We got to fly through these because it's already 11 over 11 o'clock.
We could do these on outdoors.
You want to?
Yeah, because we can do that.
That's fine.
All right.
And now, guys, we got Luke stand by with some girls.