Shownotes
Today we discuss the Value 4 Value model, how it works specifically for podcasting and why you want to use it. It is an incredible way to spread the news about the benefits of crypto. Not only that the V4V model provides the listener with a better experience!
Join us on the journey.
News
Podcasting 2.0 Apps Available at http://newpodcastapps.com/
I can be reached by email at mcintosh@genwealthcrypto.com and on twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. Looking forward to hearing from you!
Website
Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
The following music was used for this media project:
Music: Ethernight Club by Kevin MacLeod
Free download: https://filmmusic.io/song/7612-ethernight-club
License (CC BY 4.0): https://filmmusic.io/standard-license
Artist website: https://incompetech.com
Transcripts
Hey, everyone.
Speaker:No one on this podcast is a financial advisor, and all information presented on this podcast
Speaker:is for informational purposes only.
Speaker:Now that we have the legal stuff out of the way, let's jump on in.
Speaker:Welcome to the Generational Wealth with Cryptocurrency podcast.
Speaker:I'm your host, McIntosh.
Speaker:Today we are going to be talking about the value for value business model.
Speaker:Hey, everybody, I wanted to jump back in here real quick.
Speaker:I'm actually recording this after the fact.
Speaker:I edited the podcast, realized I kind of didn't explain up front, at least, how this really
Speaker:relates to crypto and why this would even be on our podcast.
Speaker:Another thing I want to do is apologize.
Speaker:You can hear in the background I've got a heater going.
Speaker:It cuts in and out.
Speaker:So there's times during the podcast when it's quiet.
Speaker:And then there are other times when you can hear that a little bit.
Speaker:I'll make sure in the future not to run the heater when I'm recording.
Speaker:So I do apologize about that.
Speaker:But what is all this about value for value and why is it actually, what does crypto have
Speaker:to do with it?
Speaker:I actually think this is very important.
Speaker:This is a way that people can, it's a use for crypto, utilizing technologies like the
Speaker:Lightning Network, which I've discussed in the past.
Speaker:You can support people who are enriching your life, hopefully.
Speaker:And we're trying here with Generation Wealth Cryptocurrency to provide value for you, whether
Speaker:it's long term asset choices and how you even navigate this system.
Speaker:So please take the next 20 minutes or so to listen to this.
Speaker:Understand this is not, we're not going to be talking about exchanges or Bitcoin or whatever,
Speaker:but it is actually very important.
Speaker:And it does come back to crypto in the end.
Speaker:So hang in there.
Speaker:Thanks a lot.
Speaker:What is the value for value business model?
Speaker:Well, we're going to explain that.
Speaker:It's probably not something you've ever heard of.
Speaker:But in preparing for this, I did a little thought experiment.
Speaker:I tried to figure out all the ways that somebody can make money on the internet.
Speaker:Now this list probably is not exhaustive, but I do believe it covers a good range of
Speaker:ways of earning income and certainly for podcasting.
Speaker:You can sell a product.
Speaker:This is obviously the standard way.
Speaker:Oh, you go to Amazon, you buy something.
Speaker:Maybe I buy a physical book or maybe I buy a digital book, a Kindle book, or I go get
Speaker:some new shoes or this or that or the other.
Speaker:So sell a product.
Speaker:The second thing is you could sell a subscription or something similar, Patreon, Substack offers
Speaker:a service where you writers can go and post content and people pay by the month to get
Speaker:that content, that type of thing.
Speaker:A third thing, you can have advertising.
Speaker:You see this all the time with YouTube, of course, with a lot of the crypto channels,
Speaker:they'll have advertising at the start, they'll have advertising at the end, a lot of them
Speaker:have advertising every few minutes of their video.
Speaker:You could also have sponsorships.
Speaker:What does that mean?
Speaker:Well, a lot of times you'll see with crypto, especially they'll talk about some product
Speaker:or some service, new thing, and they will say they should be saying something like so
Speaker:and so is sponsoring this segment of the live stream.
Speaker:I think sometimes that doesn't happen.
Speaker:But that company or that token or whatever, they pay for that and it's frankly a lot.
Speaker:If you have a large YouTube channel, it's a lot of money.
Speaker:The issue with both of those, advertising and sponsorships, let's just camp out there
Speaker:for a second.
Speaker:When you have an advertiser or a sponsor, you also have expectations that that advertiser
Speaker:or sponsor has.
Speaker:They want you to bring a certain message, they want you to bring it in a certain manner,
Speaker:they want a certain image, and if you do something that doesn't fit the objectives of the advertiser,
Speaker:then you may find yourself without the advertiser.
Speaker:A lot of people will say things like, well, I'm objective or it doesn't matter who my
Speaker:advertiser is, I don't change what I say.
Speaker:I would say that maybe it's true, but maybe it's not.
Speaker:Even if it's subconscious.
Speaker:If somebody's paying me $10,000 to promote some token, do you think I'm going to be excited
Speaker:about that token?
Speaker:Darn tootin, I'm going to be excited about that token.
Speaker:You keep sending me $10,000 every time I shill that token and I will absolutely be excited.
Speaker:I'll stand on my head.
Speaker:I'm so excited, right?
Speaker:I think that changes perceptions.
Speaker:It can, I guess, depend on the subject, but speaking about crypto.
Speaker:With crypto, I think we have a journalistic responsibility.
Speaker:Does that make sense?
Speaker:I'm not a journalist, and I have bias.
Speaker:When I know about a bias, I admit to that as part of my discussion.
Speaker:I don't want to hide that.
Speaker:I have a bias for Bitcoin and Ethereum, right?
Speaker:I don't spend a lot of time in NFTs because maybe I don't understand them as well as other
Speaker:people do, but if I'm open about that, that's okay.
Speaker:If I hide that, well, then I'm not portraying a true picture.
Speaker:If I have a large audience and somebody's paying me, again, $10,000 to shill some NFT,
Speaker:as an example, it probably wouldn't matter what my bias was.
Speaker:I'd be like, this is the best thing since peanut butter.
Speaker:We had to be very careful about that.
Speaker:I don't ever want to call people out about that or say that that's wrong.
Speaker:That is up to the individual to decide, but I do think it's important that as a consumer
Speaker:of this information that we keep that in mind.
Speaker:That it is possible that advertising or sponsorship will change the way that somebody's viewing
Speaker:something.
Speaker:I was very pleased to see this week BitBoy over who has one of the largest YouTube channels
Speaker:for crypto.
Speaker:Ben Armstrong is his name.
Speaker:He earlier this week said they were no longer going to accept sponsorship, so that would
Speaker:just be off the table.
Speaker:I applaud that.
Speaker:That's going to cost them directly some money, probably a pretty good amount of money, but
Speaker:I do believe that it will make things clearer, if that makes sense, when they're talking
Speaker:about sponsorships and even advertising.
Speaker:It muddies the water when we're discussing things.
Speaker:That was a good thing.
Speaker:Another issue with sponsorships and advertising, aside from these expectations about image
Speaker:and so on and so forth, they also require large numbers of listeners.
Speaker:For somebody who's just getting started in podcasting, maybe they've only got a hundred
Speaker:listeners or a couple hundred listeners, an advertiser would laugh at you if you went
Speaker:to them and said, I want to get an ad with you.
Speaker:It's just not going to happen until you get to thousands and potentially ten or more thousand
Speaker:users, listeners, you're not going to make any real money off of advertising.
Speaker:It can take a long time to get to those numbers, so it can be very discouraging.
Speaker:It's not scalable.
Speaker:Now, there are people who make a lot of money on advertising.
Speaker:There's no doubt about that, on YouTube or on podcasts, audio podcasts, no doubt, but
Speaker:for small people, for people who are just getting started, or maybe they're never going
Speaker:to have a huge audience, those things just aren't even possible.
Speaker:Okay, next, another way that you can create income is you can ask for donations.
Speaker:That typically doesn't work very well.
Speaker:It also creates, in my perception, it creates what I would call the tipping effect.
Speaker:If I'm donating to somebody, if I'm tipping somebody, I'm not really paying for a service,
Speaker:I'm just being a good guy.
Speaker:And then maybe I'm not giving value, proper value, to that service or that product.
Speaker:Does that make sense?
Speaker:Hopefully, we're good tippers when we go to a restaurant or a place that we would ordinarily
Speaker:tip, but that's not really what I'm looking for.
Speaker:I hope that makes sense.
Speaker:The last way that we can do this and the thing that we're going to spend the time talking
Speaker:about is what's called value for value.
Speaker:I'm going to give you an example, first of all, to start off, then we're going to go
Speaker:into some history and then we'll talk about some specifics.
Speaker:Value for value is like a musician at a downtown market.
Speaker:That musician is out there playing their guitar, putting on their show.
Speaker:They are not guaranteed anything when they stand out there with their bucket or their
Speaker:case or whatever, and people give what they feel like the musician's performance was worth.
Speaker:It's not a donation, it's a direct payment for the performance.
Speaker:If you hang around for 10 minutes and you really enjoy the person's music, then maybe
Speaker:you throw in five bucks, maybe you throw in 20, maybe you throw in 50 cents.
Speaker:It's what it's worth to you.
Speaker:And it's not determined by the musician.
Speaker:The thing that makes it different from a pay what you want or a crowdfunding model to raise
Speaker:funds is that in both of those systems, they take the payment before the work is delivered
Speaker:or possibly even produced.
Speaker:But with value for value, the customer is giving money when they want and they choose
Speaker:exactly how much to give.
Speaker:Now what is the compensation that you ask for with the services that you provide?
Speaker:Do you determine the value that it represents or do you leave that up to the user or the
Speaker:service?
Speaker:The value for value model puts that question of what is the value of the service to the
Speaker:listener.
Speaker:It's not determined by the host.
Speaker:And that's a very important point.
Speaker:I may think that if you listen to my podcast, it's worth X. You will listen to it and you
Speaker:may decide it's worth Y. Maybe Y is zero, maybe Y is a nickel, maybe Y is 50 cents,
Speaker:maybe Y is $50.
Speaker:I don't know.
Speaker:And I'm not going to determine that for the listener.
Speaker:I'm going to give the listener the opportunity to pay what they want.
Speaker:And that's one of the fundamentals of the value for value model.
Speaker:In a podcasting context, which is what we're really talking about, the listener is going
Speaker:to be asked to share with the host or host, plural, the value they get from listening
Speaker:to the podcast.
Speaker:This might mean you pay an amount.
Speaker:It can be a one-time thing.
Speaker:It can be actually structured and we'll talk about this in some detail next week.
Speaker:But you can pay for the amount that you listen to.
Speaker:Oh, I listened to 20 minutes this week and it's X amount per minute.
Speaker:It doesn't even have to be money.
Speaker:One of the originators of value for value, his name's Adam Curry.
Speaker:We'll talk about him in just a second.
Speaker:He actually says there can be three T's, time, talent, or treasure.
Speaker:Treasure is the money part, whether that's PayPal or whether that's, you know, which
Speaker:would be US dollars or whatever your currency is, or maybe it's through crypto, through
Speaker:Bitcoin, through the Lightning Network.
Speaker:Time and talent might include things like designing a cover for the podcast.
Speaker:Do you know, obviously I've had the same cover since, this is the 26th episode I think, I've
Speaker:had the same cover since episode one.
Speaker:I created it and I don't have time to go back and change my cover more than, well, I've
Speaker:probably had time at this point, but certainly not very frequently.
Speaker:For best results, a podcast should actually change their cover every week or every episode.
Speaker:Now, do I have time to go do that?
Speaker:Absolutely not.
Speaker:Are there listeners who maybe they could do that as their value?
Speaker:It's conceivable.
Speaker:What's something else?
Speaker:Helping with developing the platform.
Speaker:There's work to be done on the website that supports this.
Speaker:But again, this is not my full-time job and I only have so much time to put towards it.
Speaker:And especially with the income that I'm making off of it, which is currently zero.
Speaker:I can't spend 20 hours a week working on this, but maybe you have an expertise there that
Speaker:could help.
Speaker:Or maybe it could be as simple as, I mean, it would be nice if I had transcripts of each
Speaker:episode on the website.
Speaker:I mean, that's something that anybody with basic computer skills could actually do.
Speaker:It's just that it takes time.
Speaker:I'm not willing to just run it through the analyzer and throw it up there.
Speaker:I'm a perfectionist and I have to go through and edit it.
Speaker:Now, maybe that's not really the way it should be done, but I would like it done that way.
Speaker:And it takes about 30 minutes per episode, again, more time.
Speaker:Another thing, and again, we'll get into this next week as part of a discussion of Podcasting
Speaker:2.0.
Speaker:Not really going to talk about that this week, but it dovetails into this very nicely.
Speaker:We have what are called chapters.
Speaker:So a podcast is, instead of just one long MP3, you might divide it up into parts.
Speaker:We have, specifically, we typically have a main topic, value for value this week, and
Speaker:we have a news segment.
Speaker:So that would be two chapters.
Speaker:A lot of podcasts, they might have a lot.
Speaker:You can create chapters for an episode.
Speaker:You can put in images, links, art, whatever, with those chapters.
Speaker:It could be something as simple as sending in news items when you come across them now.
Speaker:That would be helpful.
Speaker:I might miss something.
Speaker:I have my fingers on a lot of different news source for crypto.
Speaker:But again, that's providing value.
Speaker:So all of those things are ways that can help.
Speaker:It's not just, quote, the money.
Speaker:Money is important, but there's other things that would help a podcast grow, whether it's
Speaker:my podcast or somebody else's.
Speaker:So anyways, I mentioned earlier Adam, Adam Curry.
Speaker:And Adam Curry and John C. Dvorak, as he goes by, were the originators of the value for
Speaker:value model.
Speaker:They have a podcast called The Know Agenda Show.
Speaker:It's been running for over 14 years now, and it has run for the entire time with this value
Speaker:for value model.
Speaker:Adam actually was one of the early VJs at MTV.
Speaker:I remember him back in the late 80s, Headbangers Ball, all that.
Speaker:He left MTV and got involved in tech stuff, which I didn't know about for a long time,
Speaker:and actually had done quite a few things, and then was one of the co-founders of podcasting.
Speaker:So he, along with Dave Weiner, they co-invented podcasting.
Speaker:So he actually, I mean, he's a tech guy.
Speaker:He's not a coder, and he'll tell you that.
Speaker:I've heard him say it a number of times, but he knows a lot about technology and a lot
Speaker:about markets.
Speaker:John has been involved in tech forever.
Speaker:I remember back in the late 80s, actually in early 90s, reading Boardwatch and Computer
Speaker:Shopper magazines, and he had columns in both of them.
Speaker:And I distinctly remember, especially in Boardwatch, reading his columns.
Speaker:I don't remember the one from Computer Shopper, but I read it, and he had different columns
Speaker:in different magazines over the years.
Speaker:Well well known in the tech industry as a journalist.
Speaker:Fourteen years, these two guys have been hosting this twice a week podcast.
Speaker:The podcast actually runs about three hours.
Speaker:It's crazy how long it is, and it's available to anybody.
Speaker:You can look up No Agenda in any podcast player, and there it is.
Speaker:And they put a lot of work into it.
Speaker:It's completely independent.
Speaker:There's no ads, there's no sponsorships, there's none of that.
Speaker:And they do it off the value for value model, and they explain that periodically through
Speaker:the episodes, what that means and how people can participate.
Speaker:And they spend time on the podcast sharing what people do, and that actually makes people
Speaker:feel good.
Speaker:I really feel like it does.
Speaker:You hear your name on the podcast or your handle, if you so choose, and oh, so-and-so
Speaker:donated $25, so-and-so donated $100, and it can get even a lot.
Speaker:And they've built up this whole thing around it.
Speaker:They have nights, they have producers, they have all these different levels.
Speaker:It's very interesting what they've done, in my opinion, certainly from a business standpoint.
Speaker:And they're doing very well at it, I'm sure.
Speaker:But they also have over a million listeners.
Speaker:But again, I say go back, they've been doing this for 14 years, and they've done this the
Speaker:entire time.
Speaker:Now, have they made the amount of money they're making right now?
Speaker:No, absolutely not.
Speaker:But back when they only had a few thousand users, they were making money doing it.
Speaker:So this is a scalable solution.
Speaker:So I think one of the confusions about value for value is people think of it as a donation,
Speaker:and it's really not.
Speaker:I'm not donating to the podcast, I'm not donating to the Noah's Ginger Show, for example.
Speaker:You're paying for a service.
Speaker:Now you may choose not to pay, absolutely.
Speaker:And I'm sure they have many, many, many listeners who have never paid a cent.
Speaker:And you can say that those people don't put value on that podcast.
Speaker:I would say somebody who's listened to a podcast, you know, if you've listened to 10, 20 episodes
Speaker:of a podcast, and that's a value for value podcast that has the infrastructure set up
Speaker:for that, and you're not donating, well, then you're not giving it any value.
Speaker:And then I would say, well, why are you listening?
Speaker:Does that make sense?
Speaker:I hope it does.
Speaker:But you know, it is completely up to you.
Speaker:The podcaster or the company behind the podcast doesn't put a value to the podcast.
Speaker:They leave that up to the user.
Speaker:And that can be very interesting because you will have users who they'll only do a little
Speaker:bit and you'll have users who will do a lot and that's okay.
Speaker:So it puts that responsibility back on the user though.
Speaker:The user has to be critical about the service, about the podcast.
Speaker:Is it valuable?
Speaker:Is it quality?
Speaker:And if so, then they can support it.
Speaker:If not, well, that's another...
Speaker:If a user sends me money and says, I appreciate what you're doing, that's a vote one way.
Speaker:If people don't, that's a vote that I'm doing something wrong.
Speaker:So going forth, I'd already put this out on a tweet I'd put somewhere.
Speaker:We will be proceeding with the value for value model.
Speaker:Now all the infrastructure is not set up.
Speaker:We are getting close.
Speaker:I did some very important steps about that this week.
Speaker:Next week, we're going to talk about how the listeners can participate in all this.
Speaker:And that's actually what's important.
Speaker:You can participate, just like I said, not just treasure.
Speaker:You can do it with your time, with your talent.
Speaker:But specifically, I will tell you what you need to do to be able to send micro payments
Speaker:to a podcast.
Speaker:And what I mean by a micro payment, it can be very small.
Speaker:You can literally stream one sat per minute as a minimum if you want to stream versus
Speaker:send a one-time payment.
Speaker:On one sat, there's a hundred million sats in a Bitcoin.
Speaker:And what that means is that it's far, far less than a penny.
Speaker:So it's like, I don't know, I'd have to look it up.
Speaker:But you could stream an entire episode and it would be less than a penny.
Speaker:So you can put a very small value on that or you can send a lot.
Speaker:They have these things called boosts.
Speaker:We'll talk about that next week.
Speaker:It's a way to, as you're listening to podcasts to say, oh, I really like that.
Speaker:I'm going to boost that.
Speaker:And the way that we accomplish both of those is through what they call podcasting 2.0,
Speaker:something else that Adam has been involved in.
Speaker:Remember, he helped create podcasting along with Dave Weiner.
Speaker:Now he's creating podcasting 2.0.
Speaker:So kind of a second version with another Dave, not Jones, I believe if I'm not mistaken.
Speaker:Next week I'll include in the show notes, a link to their podcast about podcasting 2.0
Speaker:in case you're interested.
Speaker:But they are developing the infrastructure, the changes to the RSS specification to support
Speaker:things like streaming payments and that kind of thing.
Speaker:So we'll talk about that next week.
Speaker:I don't want to get bogged down.
Speaker:I'm already 20, 25 minutes into this, so we're going to stop right there.
Speaker:Before we move on, I hope you found that helpful.
Speaker:A lot of people are not familiar with this at all and it just, you need that background
Speaker:so that when we talk about podcasting 2.0, the way to do all this, you got, this is the
Speaker:way that it makes sense.
Speaker:So I hope you found that helpful.
Speaker:Before we jump in the news, I do want to give a brief market update.
Speaker:Today, actually the last few days, things have progressed upwards.
Speaker:Today we're at 44,000, actually a few hours ago it was at like 44.7, I think it topped
Speaker:out at, maybe even a little bit higher.
Speaker:And it's fallen back down a bit after it had, oh, what was it, like a daily close.
Speaker:I think it was 5% for Bitcoin and 8% for Ethereum.
Speaker:So some good market movement, word of caution.
Speaker:We are by no means out of this downtrend, this downturn yet.
Speaker:We've certainly made a lot of progress.
Speaker:There's some very key levels coming up that if we cannot get out, it won't matter.
Speaker:We'll just fall back downwards.
Speaker:So if you are in a trade along, betting on it's going up, be very careful, make sure
Speaker:you're setting some stop losses so that if we have a sudden downturn, you're not underwater.
Speaker:Just be careful, always be cautious when trading.
Speaker:Of course, I hope that we continue on upwards and very shortly we're seeing all-time highs
Speaker:again.
Speaker:So I don't know.
Speaker:So we will see.
Speaker:But better than going down this week, right?
Speaker:So moving on to the news.
Speaker:In terms of news, I saw a tweet earlier this week from the RealPlan C, somebody you might
Speaker:want to follow on Twitter.
Speaker:The amount of Bitcoin held by crypto exchanges just hit its lowest point in 37 months.
Speaker:So what does that mean?
Speaker:Actually the percentage is here, down to just 10.87% of the circulating supply.
Speaker:What that means is the central exchanges, Coinbase, Kraken, and so on, most of the Bitcoin
Speaker:is off of those exchanges.
Speaker:And cold storage, meaning people aren't going to sell it.
Speaker:What does that do ultimately?
Speaker:It drives up the price.
Speaker:So that's a very bullish thing.
Speaker:Another item, a very important one, we talked quite a bit about regulations on here, because
Speaker:I feel like that's so important as we move forward.
Speaker:We had a bill that was introduced into the House of Representatives, and I do want to
Speaker:get the Congressman's name right, Warren Davidson from Ohio, the eighth district.
Speaker:He introduced a bill called Keep Your Coins in the House of Representatives to protect
Speaker:individual self-custodied crypto wallets from US government agency controls.
Speaker:So what we're talking about is if your money is not on a central exchange, if it's in cold
Speaker:storage, basically the government can't bug you about it.
Speaker:They don't have the right to go in there and do malicious things to it.
Speaker:Let me give a hypothetical example about why this is important.
Speaker:Let's say I were accused of doing something that was breaking the law or broke the law
Speaker:or whatever.
Speaker:The government has the ability to go to, let's say Coinbase, if I had money on there, and
Speaker:say Coinbase, you got to freeze his accounts, and Coinbase might push back, but ultimately
Speaker:with enough threat, they'll do that.
Speaker:They'll freeze an account or whatever the government asks.
Speaker:So this actually came just a day after, so on February 15th, earlier today, came a day
Speaker:after the Canadian government invoked the Emergencies Act, and that gave the Canadian
Speaker:government power to freeze bank accounts and monitor large transactions, including crypto,
Speaker:without a court order.
Speaker:I'm not going to get into a political discussion about that.
Speaker:I will keep my opinions to myself on that, but this bill would help protect people from
Speaker:that type of intrusion if it's self-custodied, which we've discussed before.
Speaker:It's the safest way to keep your coins.
Speaker:So that is an important item to keep an eye on.
Speaker:Another thing that just came out, I believe today, it might've been yesterday, and I was
Speaker:really surprised about this one, four years, Warren Buffett, who used to be the richest
Speaker:man in the world, and he's still worth a tremendous amount, has now started investing in Bitcoin.
Speaker:Now, he's not directly going out and buying Bitcoin.
Speaker:You've got to understand, Warren doesn't understand Bitcoin, and frankly, he never will.
Speaker:But I think he's figured out that this stuff's here to stay, not going anywhere, and he has
Speaker:to have exposure to it.
Speaker:So his company, I would assume Berkshire Hathaway, or one of his other companies, I don't know
Speaker:exactly, to be honest, but they have invested a billion dollars in a bank in Brazil, a bank
Speaker:that is very, very crypto-friendly.
Speaker:Actually, let's see.
Speaker:So the bank is called Nubank, N-U Bank, I don't know, it's a fintech bank in Brazil.
Speaker:It's also popular among the country's Bitcoin investors, according to this article.
Speaker:So it was Berkshire Hathaway, and not only did they do that, they also dumped a portion
Speaker:of their Visa and MasterCard holdings.
Speaker:I think that's fascinating, actually, because certainly, historically, Visa and MasterCard
Speaker:have done very, very well.
Speaker:I think he's seeing a shift, and I think there's a lot of people who are seeing that shift,
Speaker:away from these traditional financial systems to some type of crypto-hybrid, I don't know,
Speaker:and we will see.
Speaker:I think we will have large components of that taking place over the next few years, being
Speaker:built.
Speaker:But anyways, so he's shifting away from those credit card companies to gain exposure to
Speaker:some fintech companies.
Speaker:Warren is a very cautious investor, so this is maybe a little surprising, but we're seeing
Speaker:these shifts in these very, very large investors, the billionaires, these large hedge funds
Speaker:and this kind of thing, as they are starting to move into Bitcoin.
Speaker:And this is signaling institutional, this institutional buying, in my opinion, will
Speaker:be what drives Bitcoin from $100,000, say, to a million dollars or more as we move forward.
Speaker:People don't understand how much money these institutions and pensions and this kind of
Speaker:thing have.
Speaker:All right.
Speaker:That's it on the news for this week.
Speaker:Keep this from being too long.
Speaker:I want to go ahead and wrap this up.
Speaker:If you like the content, I would love it if you would visit the Apple podcast review page
Speaker:and leave a review.
Speaker:The more reviews that we have, the more visibility the podcast has.
Speaker:And tell your friends about the Generational Wealth with Cryptocurrency podcast.
Speaker:Thanks for being here.
Speaker:I hope this has been helpful.
Speaker:I truly do.
Speaker:And I would love to hear from you.
Speaker:I'm on Twitter at McIntosh Fintech.
Speaker:You can also reach me by email at mcintosh at genwealthcrypto.com.
Speaker:Of course, the Generational Wealth with Crypto website is at genwealthcrypto.com.