Shownotes
One of the long awaited features of Ethereum is the coming merge of staking into the Ethereum mainnet. This week we take a look at how the should affect both the supply of Ethereum and also the future price of this blue chip asset.
News of the Week
Exxon mining bitcoin
Russia selling oil and natural gas for bitcoin
https://www.bbc.com/news/business-60870100
Coinbase - more regulation
Exxon mining bitcoin to reduce emissions
Top Eighty Crypto Podcasts
https://blog.feedspot.com/cryptocurrency_podcasts
This weeks editorial
https://stacker.news/items/16162
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're going to be talking about the Ethereum merge.
Speaker:And it has been an interesting week.
Speaker:Last week, which was later in the week, I think I put out the last episode on Tuesday,
Speaker:I'm putting out this week's episode a little early.
Speaker:And the reason why is because of the way that the markets are moving right now.
Speaker:And I guess I kind of wanted to get a jump on it.
Speaker:I actually tweeted earlier today that Bitcoin was knocking on $45,000, which is the start
Speaker:of a pretty serious resistance level between about $45,000 and $46,000.
Speaker:Large sell wall there, people selling at that price.
Speaker:And a lot of resistance, and that was for a number of reasons.
Speaker:But the point is, there was certainly a lot of activity.
Speaker:I was actually talking to my dad earlier today and I showed him in fact, right before I put
Speaker:out that tweet, how Bitcoin had kind of come up and touched that level time and time again.
Speaker:Well, it touched it, and in fact, it broke through.
Speaker:So I posted, at whatever time it was that I posted, I said Bitcoin's kind of tap, tap,
Speaker:tapping on $45,000K with the implication, it was kind of reaching up there and brushing it.
Speaker:And at the time I was hopeful, it would start to push through.
Speaker:And I actually fell asleep, took a short nap, woke up.
Speaker:An hour later, and Bitcoin had completely decimated $45,000, $46,000.
Speaker:It actually went all the way up to $47,000.
Speaker:I'm going to bring up my chart for just a second.
Speaker:Just to give you an idea, the high today, which was, well, this was later in the day
Speaker:after the daily closing, but it was $47,788.
Speaker:Right now, we're sitting at $46,940, so just below $47,000.
Speaker:And I don't know, maybe we'll go back down and test $46,000.
Speaker:To be honest, I wouldn't be surprised if we did, but I would be surprised if it fell through
Speaker:that level and on down into that range and past $45,000.
Speaker:It is certainly possible, but I do believe what we are seeing is the start of the next
Speaker:leg of this journey, which is a relief.
Speaker:It's been a long time.
Speaker:We've been going down and sideways since late October, November, no, it was late November.
Speaker:It's been a few months.
Speaker:A lot of people thought that we were at a bear market.
Speaker:We certainly fell quite a bit.
Speaker:It is beginning to look like we are not.
Speaker:If we break down below these levels that we set a few months ago, then yeah, we're in
Speaker:a bear market, and that could still happen.
Speaker:There are people making the argument that frankly, we won't ever see a bear market again.
Speaker:I think that might not be true.
Speaker:But they argue that these things, because of everything that's going on with Bitcoin,
Speaker:this is kind of all becoming compressed.
Speaker:There's probably some truth to that.
Speaker:I don't know.
Speaker:They would say we will never see an extended bear market, and that may be true.
Speaker:Time will tell.
Speaker:We have lots of news this week, and we will get to that at the end of the show.
Speaker:That's kind of our market update.
Speaker:Everything is, frankly, doing quite well.
Speaker:ADA is up, Ethereum is up.
Speaker:Ethereum, right now, is at $3,300 and climbing $3,315, actually, right now.
Speaker:It looks like maybe Bitcoin is taking a little bit of a breather, and Ethereum wants to go on a run.
Speaker:We'll see how that works out.
Speaker:A lot of the altcoins are up.
Speaker:Some of them have been up quite significantly this week.
Speaker:Things are good.
Speaker:I think people are feeling a lot better.
Speaker:I'm not going to be fully convinced until we break through a few more levels.
Speaker:Certainly, once we pass $69,000, which is our current all-time high.
Speaker:Now, that's a long way off.
Speaker:We've got a lot of work to do to get there.
Speaker:But we jumped several thousand dollars today, basically from $45,000 to $47,000, even a bit below $45,000.
Speaker:We've certainly made some good progress.
Speaker:Really, the important thing is, we've gone through these important resistance levels.
Speaker:Hopefully, they'll then become support.
Speaker:We will see how that works out.
Speaker:Today's topic, I'll let you all in on a little secret.
Speaker:This may be shocking.
Speaker:I actually try to plan ahead, and I do have a schedule of upcoming show topics.
Speaker:Back when I started a number of episodes ago, I had a whole list, which we've gone through.
Speaker:The thing is, I keep thinking, I'm going to get to a week and, frankly, not have anything to say.
Speaker:That's just not happened.
Speaker:It seems that every week, there's new things that come up, of course.
Speaker:Not really surprising.
Speaker:Part of this, of course, is trying to convey current events.
Speaker:One of those things that is starting to look really likely is the merging of the Ethereum,
Speaker:staking with the proof of work that they currently do.
Speaker:They're basically merging two different blockchains.
Speaker:That testing, that process has been going on for a long time.
Speaker:It's been going on for longer than I've been doing this podcast.
Speaker:I've talked about it a number of times.
Speaker:But it is approaching finality.
Speaker:I mentioned, I think it was last week.
Speaker:It might have been the week before, but I did mention there was some positive news coming out.
Speaker:Well, that's filtered out a bit more.
Speaker:It turns out, they are very positive about this.
Speaker:It is really looking like this year, certainly, that the merge is going to happen.
Speaker:The mainnet will have the proof of stake being merged into the mainnet.
Speaker:So what that will mean is what I really want to talk about.
Speaker:I'm not going to get into all the technicals of that, but what I do want to talk about
Speaker:that is what that means for us as holders of Ethereum as an asset.
Speaker:I've talked about Ethereum a lot.
Speaker:I think I've said this before.
Speaker:Ethereum actually is my largest holding and will be for the foreseeable future.
Speaker:People may say, McIntosh, why isn't Bitcoin your largest holding?
Speaker:I love Bitcoin.
Speaker:I do think Bitcoin has a very, very bright future.
Speaker:I think for right now, we're going to see as an investor more progress in Ethereum than Bitcoin.
Speaker:And I hope I don't offend people by that.
Speaker:If you hold more Bitcoin than Ethereum, then great.
Speaker:There's nothing wrong with that.
Speaker:I do see that Bitcoin will certainly have a huge place in the future of finance and
Speaker:world events.
Speaker:So we'll talk about that actually in one of our news articles, for example.
Speaker:But back to Ethereum.
Speaker:So what's going on?
Speaker:The merge is happening.
Speaker:Now a lot of people say, you're going to have to bear with me for just a second so I can
Speaker:explain this.
Speaker:A lot of people say that the merge will be the equivalent of a triple halving.
Speaker:So three Bitcoin halvings occur.
Speaker:Bitcoin, if you remember, works on kind of a four-year cycle.
Speaker:Every four years, they have what they call the halving.
Speaker:And that means that the number of Bitcoin that are mined in a block is cut in half.
Speaker:It's a mathematical part of the Bitcoin protocol.
Speaker:It is programmed in.
Speaker:It will not change.
Speaker:And that will go on until the end.
Speaker:I don't know what the numbers are currently.
Speaker:It doesn't matter.
Speaker:Actually, I'm just going to completely make up numbers.
Speaker:I know these are too high.
Speaker:But let's say we were mining 64 Bitcoin in a block.
Speaker:After the halving occurs, there's going to be 32 in a block.
Speaker:And then the next halving would be 16 and so on and so forth, 8 and then 4.
Speaker:You see how that goes.
Speaker:And this is happening every four years.
Speaker:And what that does, it creates market scarcity.
Speaker:The demand for Bitcoin is growing, but the number of Bitcoins being mined is going down.
Speaker:They're still being mined, but the number per year is going down.
Speaker:Now, with Ethereum, we've got two things going on.
Speaker:Currently, of course, Ethereum is being mined.
Speaker:Currently, Ethereum is being burned as well.
Speaker:And we've talked about this.
Speaker:I don't remember the EIP number.
Speaker:I should know it off hand, but I don't.
Speaker:But there have been billions of dollars of Ethereum, quote, burned, meaning destroyed,
Speaker:since this was initiated.
Speaker:It is basically a deflationary process.
Speaker:There have actually been days when more Ethereum was burned than was mined.
Speaker:Now, not every day, but it has happened, I think, several times.
Speaker:I don't know exactly.
Speaker:Maybe they stopped actually talking about it after it happened a few times.
Speaker:But I know it's happened a few times.
Speaker:But they've done all these calculations, and according to the calculations, that's not
Speaker:actually going to make Ethereum deflationary in the long run.
Speaker:If you kind of work that process out, the mining would continue, meaning keep adding
Speaker:more Ethereum to the world, so to speak.
Speaker:And that deflationary process, that burning is not going to stop that.
Speaker:It's not going to be more than that.
Speaker:However, once we move to Ethereum, they're saying this is the equivalent of three Bitcoin
Speaker:halvings.
Speaker:They're saying that it will reduce the output of Ethereum by 90% all at once.
Speaker:So it's going to create a huge supply shock.
Speaker:Now there are people who argue at $3,313 currently that this is priced in already.
Speaker:And I would say to that hogwash, because I've seen other studies, Ryan Alice over at Coinstack,
Speaker:the Coinstack podcast, is it generates...
Speaker:One thing he's really good at is creating reports and numbers, numerical analysis, trying
Speaker:to figure out kind of projecting this stuff out.
Speaker:And the total value, the value in the Ethereum network, basically far outstrips even its
Speaker:current cost.
Speaker:And that doesn't even account for what it will be after this merge.
Speaker:So if we create a gigantic supply shock, which is what's going to happen after the merge,
Speaker:which will happen later this year, the price of both Bitcoin and Ethereum are already looking
Speaker:like they're going to be heading up, at least for a good portion of this year.
Speaker:What do you think is going to happen?
Speaker:I think we're going to see an explosion on Ethereum.
Speaker:Now that's not financial advice.
Speaker:I'm not making projections.
Speaker:I do think that we could see a significantly higher price on Ethereum as people realize
Speaker:how undervalued it is.
Speaker:I hope that makes sense.
Speaker:And I want you to keep that in mind as you're looking at your portfolio.
Speaker:Now I'm not telling you what to allocate.
Speaker:I've told you all in the past, what I think that, well, I do say that at least primarily
Speaker:you should stay in what I would call blue chip crypto, Bitcoin, Ethereum.
Speaker:I would include ADA, Cardano in that.
Speaker:Some people may disagree about Cardano.
Speaker:We're actually going to be talking about that in the near future.
Speaker:One of the major upgrades that's taking place on Cardano, it's not like this.
Speaker:It's a different kind of upgrade, but it will bring a lot of improvements to Cardano.
Speaker:And I'll kind of speculate about that, frankly.
Speaker:And we'll talk about that, but I consider it a blue chip crypto.
Speaker:I am invested in it.
Speaker:That's probably my third largest portion of my portfolio.
Speaker:And then go on from there.
Speaker:Some people would include maybe Avalanche, Solana, a few others.
Speaker:To me, frankly, those haven't proven themselves yet.
Speaker:I would not consider them to be blue chip crypto because they just haven't been around
Speaker:long enough.
Speaker:They haven't proven themselves.
Speaker:I'm not saying that they're not good investments, but I wouldn't put a huge part of my portfolio.
Speaker:I'm a fairly conservative investor, if you haven't figured it out, at least in regards
Speaker:to this.
Speaker:And I just wouldn't put a huge part of my portfolio on them, even though Avalanche has
Speaker:done quite well.
Speaker:We've had a lot of what they call, we've had a lot of these altcoins that have really gone
Speaker:on a tear over the last few weeks.
Speaker:ADA actually is up, I think, 30% this week, roughly.
Speaker:It's done better than Bitcoin until tonight.
Speaker:Now, tonight, Bitcoin very likely, let's see if it jumped up, 2,000.
Speaker:That's like 5% in the last few hours, so something like that.
Speaker:So please check my math, I may be completely off on that.
Speaker:So Bitcoin may have actually ended up overtaking it in the end, but Cardano has had a good
Speaker:week.
Speaker:ADA slash Cardano, the ADA token has had a good week.
Speaker:So lots going on, a lot of very bullish things, and I want to bring that to your attention
Speaker:about this merge in case you didn't understand that aspect of it, that I do think it's going
Speaker:to create this huge supply shock.
Speaker:And I do think inevitably between that and the burning of Ethereum, which is scheduled
Speaker:to continue, it's not going to stop because of the merge.
Speaker:I think that the price of Ethereum, I mean, I think we'll go well past our all time high,
Speaker:which is like right at $5,000.
Speaker:So there you go.
Speaker:Let's jump into the news.
Speaker:I did have a few things this week.
Speaker:Some of it good, some of it bad.
Speaker:I'll start off with the bad stuff.
Speaker:Let's just go ahead and get it out of the way.
Speaker:Everybody, I have preached about centralized exchanges.
Speaker:This is not going to change.
Speaker:There's a statement in Bitcoin, your keys, your coin, meaning if you don't hold the private
Speaker:keys, it's not your coin.
Speaker:There's a lot of truth to that.
Speaker:I am fond of Coinbase.
Speaker:They were probably maybe the second exchange I was ever signed up with.
Speaker:I have a Coinbase account.
Speaker:However, they are doing things that I do not like and I will explain.
Speaker:It came out this week, a few days, just a couple of days ago, that Coinbase is going
Speaker:to require recipient information for crypto transfers from users in Canada, Singapore
Speaker:and Japan.
Speaker:So those three countries, not in the United States currently.
Speaker:And here's what that means.
Speaker:If you're sending, I think it's a thousand dollars or more to somebody, you're basically
Speaker:going to have to turn over a bunch of information about them.
Speaker:And that's baloney.
Speaker:I'm tired of the overreach of companies slash governments and they're merging to become
Speaker:the same thing I almost feel like on stuff like this.
Speaker:They assume that you're guilty of something and then they try and prove it.
Speaker:And that's certainly not the foundations of the legal systems of the United States.
Speaker:Now I can't speak for other countries, but I do believe for most of them that is the
Speaker:case.
Speaker:And I mean, I'm particularly disappointed in Canada.
Speaker:I've been disappointed in Canada all year, so this is only continuing to disappoint me.
Speaker:I do not know why these three countries.
Speaker:Now I would assume it's something that the governments of those countries are saying,
Speaker:or Coinbase would just do this across the board.
Speaker:It's not the United States and Coinbase is a US company.
Speaker:So I don't quite get it from that angle, but there is clearly something going on there
Speaker:and it could be coming to a crypto exchange near you.
Speaker:My advice is simple.
Speaker:If you have a significant amount of money in crypto, you need to be keeping it on your
Speaker:own.
Speaker:Maybe you're trading some of it.
Speaker:You have to have a place to buy your coin more or less, at least in most situations,
Speaker:but keep the rest of it off the exchange.
Speaker:Don't let them control you.
Speaker:This is ridiculous.
Speaker:It really is.
Speaker:And I'm not somebody, I'm a law abiding person.
Speaker:I mean, I follow the rules whether there's somebody watching or not.
Speaker:I just am, but I'm fed up.
Speaker:I'm tired of this stuff.
Speaker:So I was going to bring that to your attention, something else.
Speaker:And we're seeing this kind of stuff more and more.
Speaker:I don't think it's going to ease up.
Speaker:As I said, I think at the end of last year, I saw 2022 as a year of regulation by the
Speaker:governments.
Speaker:I still stand by that.
Speaker:I still see that happening.
Speaker:And that's a good thing in terms of that's going to bring in a huge amount of institutional
Speaker:money.
Speaker:So quote, big money, banks, this kind of thing.
Speaker:And we're seeing that.
Speaker:But the flip side of that, the bad side of that is this kind of mess.
Speaker:Now I don't, again, I don't know who's requiring this or what, but this is just ludicrous in
Speaker:my opinion.
Speaker:All right.
Speaker:Now in kind of the neutral news, I'll put it that way, I don't really know quite how
Speaker:to read this.
Speaker:I do think it's very interesting Russia, who is of course invading the Ukraine right now.
Speaker:Hopefully they've been making some progress on that in terms of resolving all that.
Speaker:It kind of sounds like maybe things are getting worked out at least to a little bit.
Speaker:I'm not sure the Ukrainians would necessarily agree with me on that.
Speaker:I may end up with a short end of that, but I just hope people stop dying to be honest.
Speaker:Anyways, Russia has basically come out and said that they will sell oil and natural gas
Speaker:in Bitcoin, which I just kind of, I think that's actually a pivotal moment, not because
Speaker:it's Russia, but because someone on the international market is selling oil for Bitcoin.
Speaker:And I think that's going to get to be a lot more common.
Speaker:Now Russia says they'll take rubles, of course.
Speaker:And then I think maybe they're doing something in the Chinese Yuan as their coin.
Speaker:But Bitcoin is now a currency that they're going to accept for oil and natural gas.
Speaker:I do think you're going to see that as the US dollar, as all of this stuff kind of shifts
Speaker:around and we're going to see a lot of that over the next few years.
Speaker:I think this is going to be a lot more common.
Speaker:As always, I will have a link to the article about that in the show notes.
Speaker:And now on to some good news.
Speaker:Now yesterday it came out that Exxon is mining Bitcoin with their, basically their excess
Speaker:energy.
Speaker:When you mine, when you drill for oil and you're drilling oil, a lot of times, if not
Speaker:all the time, I'm not certain, natural gas gets released.
Speaker:And a lot of times these companies just burn this off.
Speaker:You can see it, they vent it and burn it.
Speaker:And you know, that's actually harmful.
Speaker:That's one of the reasons why people don't like oil drilling, which I get.
Speaker:But what Exxon is doing is they're taking that excess natural gas, which is they can't
Speaker:get enough money to do anything with it.
Speaker:So they just burn it off.
Speaker:I hope that made sense.
Speaker:But they are using that natural gas to power Bitcoin mining.
Speaker:And this article, which is on CNBC, which certainly is not a right wing, you know, website
Speaker:says Exxon is mining Bitcoin in North Dakota as part of its plan to slash emissions.
Speaker:Now I'll just pause and let that sink in.
Speaker:One of the criticisms of Bitcoin is that it's so wasteful of energy.
Speaker:Now I've not delved into that a whole lot on this podcast.
Speaker:I have mentioned it, we've discussed a little bit, but there's this one of the, what I would
Speaker:call a FUD thing, a fear, uncertainty, doubt, you know, about Bitcoin is it's so wasteful.
Speaker:Growth of work mining is extremely expensive in terms of energy, which is absolutely true.
Speaker:I just think that the benefits of it in the long run outweigh that.
Speaker:But at the same time, you have things like this.
Speaker:Now Bitcoin mining in terms of these oil rigs and whatever, this is not new.
Speaker:I know it's been going on in Texas already.
Speaker:It's just not been talked about.
Speaker:And so really what they're doing is they're turning this whole paradigm on their head,
Speaker:on its head.
Speaker:They're using Bitcoin mining to actually clean up their emissions.
Speaker:So this should be celebrated.
Speaker:Now I don't think it will be, but it should be.
Speaker:And this to me is an excellent investment on Exxon's part.
Speaker:I expect all of the major oil companies to do the same thing.
Speaker:This actually says ConocoPhillips is also pursuing similar work in the same area.
Speaker:I'm sure this will become a lot more common.
Speaker:Why not?
Speaker:These are major companies that have huge investments in infrastructure and energy creation, essentially
Speaker:when you're drilling for oil, that is what it is.
Speaker:Oil is stored energy.
Speaker:And they're using that in a very beneficial way to mine Bitcoin.
Speaker:So I thought that was super cool.
Speaker:I well, I just think it's another thing in the plus column if you want to put it that
Speaker:way for Bitcoin.
Speaker:All right.
Speaker:So that was kind of it for the news.
Speaker:I did write an editorial this week.
Speaker:Again, I love doing this.
Speaker:I wrote it a few days ago up on Stacker.
Speaker:I mentioned this last week, stacker.news.
Speaker:I will include a link to the show note on this, this kind of little final piece.
Speaker:I kind of get up on my, I don't know, I guess I get up on my high horse about this.
Speaker:I don't know what else to call it.
Speaker:But earlier this week, we did have a bill and I did mention this, I guess apparently
Speaker:it was in draft or whatever when I mentioned it.
Speaker:But on the 23rd, which was four days ago, I wrote this the same night it came out on
Speaker:20 on Twitter.
Speaker:So that was Wednesday night, the president of El Salvador started tweeting about this
Speaker:bill that Senators Rish, Menendez and Cassidy introduced.
Speaker:And I apologize if I did not say their names right.
Speaker:So they have introduced a bill to provide a report on El Salvador and their use of Bitcoin.
Speaker:And this is just utterly ludicrous.
Speaker:So this is kind of a long form, kind of a little essay about that.
Speaker:I am extremely upset if you want to call it that as a US citizen, that our Congress is
Speaker:wasting its time worrying about another country's use of crypto.
Speaker:It's ridiculous.
Speaker:It smacks of colonialism and it's, I read through the bill.
Speaker:It's not that long, anybody can read it and include a link to it in the article.
Speaker:So you could go through and take a look at it.
Speaker:And some of this stuff, I mean, it's just an absolute joke.
Speaker:And I went ahead and just kind of very quickly, you know, counter pointed a few of their points,
Speaker:I guess you could say.
Speaker:I mean, I'm embarrassed as a US citizen, frankly, that our Congress thinks that in these times
Speaker:that this is what we should be spending time on.
Speaker:And you know, El Salvador is an ally of the United States, at least it should be.
Speaker:And this is all about the US dollar.
Speaker:It's all about money.
Speaker:It's all about control and power.
Speaker:And these people should be embarrassed.
Speaker:And if I were in their district, I would be talking to them about this.
Speaker:And I would be actively trying to get them out of office, frankly, because it's not acceptable.
Speaker:This is not a good use of our Congress.
Speaker:And I think one of the things that people in the US and probably the people around the
Speaker:world, whatever their form of government is, parliament or whatever, these people work
Speaker:for us and we forget that.
Speaker:And we pay them a lot of money to sit on their butts and sit around and talk about this.
Speaker:And if they don't have anything better to talk about, because there's a whole lot of
Speaker:stuff going on in the world right now.
Speaker:We can talk about Russia, Ukraine.
Speaker:We can talk about the dollar, you know, causing, well, losing value because we're printing
Speaker:so much money and we can talk about inflation and we can talk about how we're dealing with
Speaker:those things instead of worrying about what El Salvador is doing because we don't like
Speaker:it.
Speaker:So you can read that.
Speaker:I would love it if you would support me on Stacker.
Speaker:Stacker, as I mentioned, real simple to use.
Speaker:You get hooked up on it.
Speaker:You can support that with with sats.
Speaker:So all right.
Speaker:And in a little aside, I wanted to let you all know, I kind of thought this was funny
Speaker:as you guys know, I've said on multiple occasions, you know, I'm not taking sponsorships.
Speaker:I'm not taking ads and I've explained all that.
Speaker:We use the value for value model here and the users support the show.
Speaker:And we've been doing this for a number of podcasts now, a number of episodes.
Speaker:And I get this email from this company over in Europe.
Speaker:They're kind of like an exchange.
Speaker:And you know, they're wanting to, they're wanting to sponsor show.
Speaker:They're wanting to, you know, pay me whatever amount it is.
Speaker:And it's probably more than I really want to hear about in order to show their product.
Speaker:And I don't know anything about their product.
Speaker:I've never used it.
Speaker:I'm not going to use it.
Speaker:It doesn't serve my purposes.
Speaker:If I did, I would tell you about it, whether it was good or bad.
Speaker:As you know, I talk about strike quite frequently.
Speaker:For example, I use that every day actually to make my Bitcoin purchases.
Speaker:So that's just the way it is.
Speaker:I mean, you start accepting money and I do believe personally that will ultimately skew
Speaker:your view about products.
Speaker:So I thought that was interesting because that's the first one of those I've ever received.
Speaker:I guess on the one hand kind of pat me on the back made me feel good because apparently
Speaker:my message is getting out there.
Speaker:Oh, and on another list, I got another email.
Speaker:Apparently we're number 18 on the list of whatever crypto podcasts, which I was extremely
Speaker:flattered about.
Speaker:I don't know how legitimate this list is, but I was listed up there with a lot of the
Speaker:podcasts that I listened to, frankly, and it was flattering.
Speaker:So the message is getting out there.
Speaker:I hope that people like what I'm putting out and I'm always open for comment discussion
Speaker:with the listeners.
Speaker:I am evolving this podcast to provide the best product possible for you.
Speaker:And I mean that sincerely.
Speaker:In the long run, I would like to do video podcasts in the podcasting 2.0 framework,
Speaker:which is one of the things that are on the timeline.
Speaker:I'm not going to use YouTube for the exact same reasons that I've outlined about ads
Speaker:and sponsors and so on and so forth.
Speaker:And we will do that as part of the podcasting 2.0 framework.
Speaker:And I want to do that so that I can show some charts and things, not because I need to be
Speaker:on camera.
Speaker:We'll see where all this goes.
Speaker:The Generational Wealth with Cryptocurrency podcast does support podcasting 2.0 that I
Speaker:was just talking about.
Speaker:It's a value for value podcast with no sponsors and no advertising.
Speaker:If you can tell, I'm reading my copy, and I write this down so I say the same thing
Speaker:because I worked it all out and I mean it.
Speaker:So if you've been listening to me long enough, you've heard this.
Speaker:You can support the podcast in three ways, time, talent, and treasure.
Speaker:Want to support the podcast and have some time or talent, I could use some help with
Speaker:such things as chapters for the podcast, transcriptions, and I'm sure I can find a few other things.
Speaker:Treasure is just what it sounds like.
Speaker:If you find the content valuable, and I hope that you do, you can support the podcast by
Speaker:streaming sats from a podcasting 2.0 app or sending support via PayPal to mcintosh at
Speaker:genwealthcrypto.com.
Speaker:You can get a podcasting 2.0 app for the optimal experience at newpodcastapps.com.
Speaker:I would encourage you to go take a look at those apps.
Speaker:Try them out.
Speaker:I do not recommend any one.
Speaker:I've tried a number of them and people are going to have different ones that they like.
Speaker:If you like the content, I would love it if you would tell your friends about the Generational
Speaker:Wealth Cryptocurrency podcast.
Speaker:Thanks for being here.
Speaker:I hope this has been helpful.
Speaker:I would love to hear from you.
Speaker:I'm on Twitter at McIntosh Fintech and you can reach me by email at mcintosh at genwealthcrypto.com
Speaker:Of course, the Generational Wealth website is at genwealthcrypto.comand go out and make
Speaker:it a great week.