What's a metaverse? Good question...let's explore this new world together. And while there may be investing opportunities you need to be careful.

News

https://cryptobriefing.com/stripe-says-its-considering-bringing-back-crypto-payments

I can be reached by email at mcintosh@genwealthcrytpo.com and on twitter at @McIntoshFinTech. Looking forward to hearing from you!

Website

https://genwealthcrypto.com

Music Credits

Protofunk by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/4247-protofunk

License: https://filmmusic.io/standard-license

Ethernight Club by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/7612-ethernight-club

License: https://filmmusic.io/standard-license

Hey everyone, no one on this podcast is a financial advisor and all information presented

on this podcast is for informational purposes only.

Now that we have the legal stuff out of the way, let's jump on in.

Welcome to the Generational Wealth with Cryptocurrency podcast.

I'm your host McIntosh and today we're going to be talking about Metaverse Crypto.

So we are going to be talking about some different crypto tokens today, something that you've

most likely have heard about.

There's been some of this in the news of late and it is a growing area of crypto.

So we do need to discuss it.

I also wanted to spend a few minutes talking about one of the more popular outlets for

crypto news and I guess kind of my thoughts on that.

And then we've got a lot of news this week.

So today when this comes out, marks the first of the month, November has been a mixed bag.

During the month, back on the 10th of November, we hit an all-time high above 68,000 US dollars.

We've also had it go down quite a bit.

It's been down below 54,000 a couple of times.

In fact, it looks like the month ended up right around 57,000.

Right now currently we're at 57,413.

It started a new candle for the next month.

This is UTC time that it's calculated off of, so it's ahead of our local time here.

So that means we actually ended up down for the month.

So last month, we were higher.

That actually hasn't happened in six years.

If I remember correctly, I was looking at some data where going back six years, there

was at least a small increase of like 3%, I think was the lowest in the month of November.

We've had a lot of news, I believe, honestly, that's affected the charts, so to speak, the

price.

And we'll be discussing a couple of those here in just a minute that happened in the

last week.

One of them even happened today.

I still believe at this point that the bull run's not over.

I do believe the data shows that most likely we should hit at least 100,000 for Bitcoin

before this run peaks.

But November certainly did not help that cause.

So we'll have to see how December turns out.

When here at Generational Wealth with crypto, we're not really worried about kind of the

highs or lows of the market.

We're always looking at where we're going to be three to five years, five to ten years

down the road.

And there's going to be bull markets, there's going to be bear markets.

Historically, we've operated off of about a four-year cycle with Bitcoin, with the other

cryptocurrencies following along behind, and there's even indications that that may be

changing.

So who knows?

And anybody who tells you that they do know is probably mistaken, to put it nicely.

So what are we going to do?

We're going to keep investing in crypto that has solid fundamentals, is out there doing

something, Bitcoin is doing that, Ethereum is doing that, ADA is attempting to do that.

Poor ADA has kind of been stuck in a, I don't know, a band, if you want to call it.

Earlier this year, six months ago, if you would have asked me where I thought ADA would

have been at this point, I would have said three, four dollars.

That's not the case.

I think right now we're around $1.50, $1.60, it's been kind of fluctuating around there.

And it just can't seem to break above that.

It will.

But regardless, there's actually a guy that I listen to on YouTube, and he says, you know,

time is on our side.

He says that a lot, and that's true.

Four years from now, we're not going to be worried about what Bitcoin did in November.

We will see.

So, anyways, kind of a general market summary, I guess, if you want to talk about that.

Since I mentioned YouTube, I do want to go ahead and jump on into that.

YouTube is probably, it's certainly one of the most common ways that people get crypto

information, if not the most common.

There are a lot of people on YouTube that are talking about crypto.

There's nothing wrong with that, certainly.

Understanding what I'm fixing to say, I'm certainly not telling people that they shouldn't

be watching videos on crypto.

On YouTube, I do that myself quite a bit.

There are probably half a dozen channels, maybe even a few more that I watch regularly.

But what I want to do is give you a framework when you're listening to these people.

For one thing, understand that ultimately the majority of these people who are on YouTube,

while they are probably very much interested in crypto, they are trying to make money.

They are marketing themselves to be able to do that.

They do this through sensationalism.

If this were a visual podcast, if it were a video podcast, I could show you.

You can just scroll through some of these channels and their titles are crazy things

like ETH, 5,000%.

Of course, that's eye-catching.

Or, is Bitcoin going to dive $20,000?

Well that's eye-catching, completely not true, but it's eye-catching, right?

And yes, maybe over the next 20 years or 10 years, maybe ETH does go up a huge amount

like that.

But certainly, they do this to try and hook us into watching their stuff.

I don't even understand the pictures that they put.

Some of these people look like they're in labor or something.

I don't know.

It's very, very weird in my opinion, and I'm sure there's some reasoning behind it, kind

of the way they present themselves on these.

And then you go and watch the channel, and I mean, these are fairly normal people in

a lot of cases, and so on.

You know, it's like, why do you do that?

They're just trying to catch people's eye.

So they're operating on sensationalism, especially like with some of these titles.

Clickbait is a word for it.

And if they can just get you to click and watch even 10 seconds of their video, I think

it's actually less than that.

That counts towards their viewership, and they get more money for that if they're advertising,

which most of them do.

It's something you should at least take note of.

Some of the advertising, of course, can be very intrusive.

It really annoys me, and I don't want to sound like a grumpy old man, and maybe that's what

I sound like, but the reality is, with me, I'm sitting there watching the video and they're

trying to explain something, and then it cuts out to a commercial because they've got to

put all their roles of commercial in so they can make money, and they are making money.

And that, certainly they're making money, and quite significant in a lot of cases.

I don't know.

It's annoying.

So they're making money through advertising, they're making money through sponsorships,

and sometimes, most of the time, these sponsorships, they'll say, oh, I'm being sponsored by so-and-so.

And what that means, that means that they're getting paid by that company to advertise

that product, and that's it.

Oftentimes, if they were not getting paid, the person who's doing that work would never

even consider buying that token or product, and consequently, it can distort people's

view.

So, a new token comes out, a new system, a new world, we'll even be talking about, well,

anyways, whatever, and the company or foundation or whatever that's behind this new product,

they take money and they go and they pay significant amounts of money to these YouTubers to show

their product.

I mean, that's what it amounts to.

Some of it is reasonable.

You will see cases, you will see cases, for example, where a YouTuber is using a product

as part of their day-to-day work, and I'll talk about one specifically, not the YouTuber,

but I'll talk about one specifically, LuxAlgo.

I use LuxAlgo.

It's a trading tool that I use in combination with TradingView in order to determine when

I should, to help me determine, I should say, when I should trade.

It's a great product.

But if I promote it on my YouTube channel and people go and sign up, yes, I'm going

to get money for that.

If I'm actually using the product on a day-to-day basis, I don't really have a problem with

that, and those are usually pretty transparent, but it does skew, it's still, if you're getting

paid money to promote something, it's going to skew your view of that product or whatever.

I am not going to, I should be using LuxAlgo and TradingView for a long time, but I'm not

ever going to promote them on my channel in a way that I can make money, because if something

better comes along that's going to help me as a trader, you can bet that I'm going to

use it, and I'm not going to hesitate about it, and I'm not going to hesitate to tell

you about it, because that's part of my job.

I think it's funny when people get on there and they advertise, and this happens with

podcasting too, to an extent.

Maybe with, well, you're listening to somebody and they're talking about how some crypto

exchange or other is, oh, I would only buy my Bitcoin through such and such an exchange.

Is that really true, or are you getting paid $1,000 or $5,000 an episode to say that?

Do you see where I'm coming from?

When you're listening to somebody on YouTube, keep that in mind.

Another thing that I want you to be concerned about, or at least be aware of, I listen to

people that I basically agree with most of the time.

I actually listen on purpose to people who I almost completely disagree with.

Why would you do that, McIntosh, because people in the market have different viewpoints,

and it's this combination that gives us the market that we've got.

Even though I may be on one side of things, so to speak, and have a very different viewpoint,

understanding or at least attempting to understand someone else's viewpoint who's not the same

as mine does help me to understand the market.

One thing I do not like, and I've seen it happen, there's two things that are related

that go on.

A lot of people on YouTube, this is why I don't give trading advice on this podcast

ever, but a lot of people on YouTube, they're trading and they're trying to attract people,

so they're talking about how good they're doing trading, and they kind of give advice

to people on how to trade, and then they say, well, if you pay me extra money, you can join

our Discord group or our Telegram group or our special super secret membership group

over here, and you can pay me per month, and I'll basically tell you exactly when to trade.

I'm not opposed to that except the kind of the misleading way that it's done.

They don't really give a whole lot of information about trading.

They kind of make it very almost amorphous, so they're not real precise.

They're not like, well, you should get in right here and look for this for... Some

of them do, and I'll give them credit for that.

A lot of them don't.

For one thing, they don't want to take responsibility when something goes wrong.

In trading, there's always things that can go wrong.

There's things that you can do to minimize your risk, but there's always things that

can go wrong.

We'll even talk about one of them here in a few minutes because we had something happen

earlier this week that could have caused a lot of liquidations in the market.

The other thing is there are people, believe it or not, I know this is crazy, but there's

people on YouTube who will flat out lie, which is funny because you've got the video, unless

they delete it, from three days before showing them making the exact call saying, well, ETH

is going down and then ETH goes up.

They come back and they're like, no, no, no, no, and then the thing is, in any market,

you cannot guarantee a call.

You just can't.

Now, statistically, you can look at certain patterns in the market and say, well, this

has got a 30% chance of breaking down, of going lower, and a 70% chance of going up,

and maybe you can stack up several things and you can look at this and look at that,

and you're very confident that it's going to go one way versus another, but you can't

be certain because the market is going to do what the market is going to do, and you

have no control over the things that come up, the black swan events.

We just had one last Friday, so on Friday, there was news out of South Africa that there's

a new variant of COVID Omicron, Omicron, maybe I'm saying it wrong.

It's Omicron.

I actually thought it was Omicron.

Anyways, so there was news out of Omicron, and the stock market in the United States

went down like 900 points.

I believe from what I, I think I saw that it was the largest drop since 2020 when in

March of 2020 we had news of COVID, basically that's the point where the United States said,

you know, hey, we've got this virus and kind of everybody panicked and the stock market

dropped a lot.

Well, the same thing happened last Friday, completely out of the blue.

Now you can't look at a chart and see that that's going to happen on Friday.

And in fact, Bitcoin and Ethereum both were chugging along very nicely.

They were climbing.

And then all of a sudden, news came out that morning, the market crashed, and the crypto

markets are not decoupled from the financial markets of the world, the US market, the financial

markets in general at this point.

And they dropped.

And I'm sure there was a lot of liquidations from people who were longed as it dropped

quite significantly and, you know, chaos ensued.

Well, it's interesting if you go back and look at the chart, it kind of made it really

over the weekend, it stayed down at that level because there was no news of what was going

on.

On Sunday at some point, some doctor came out and said that got news, I'm sure maybe

he wasn't the first one, or she said, you know, hey, this doesn't look as bad as, you

know, pretty mild, et cetera.

And the futures stock market on Sunday night opened positive.

And so over the next 24 hours, then you had the market, the crypto market went right back

up.

This U-shaped thing over the weekend, completely unexpected, completely out of the blue.

If that had not happened, we actually could be very close to an all time high right now,

in my opinion, certainly just my opinion, right now.

So that's like a black swan event.

It was completely unexpected.

You can't calculate that.

You can't say there's a 70% chance that that's going to happen.

And yet I sat there on Monday and watched a YouTuber say, well, you know, I kept saying

the market was going to go down and I'm like, whatever, dude, you screwed up.

And when you screw up, you have to own it if that's what you're doing in this business.

If I'm out there offering trading advice to people, then yeah, I'm going to make mistakes,

but you know what I'm going to do?

I'm going to have some integrity and when I make a bad call and then stay by it and,

you know, and I'm going to say, I made a bad call.

So I say all this for one thing, just as a word of caution, because I'm sure a lot of

you are out there listening to people on YouTube.

There's some good people out there.

There's a lot of people who are just trying to make some money.

I don't know how else to put it.

Please be careful.

Please be careful about who you listen to.

Now another thing, the future of what's going on with this podcast, with where I'm going,

I'm not completely sure.

I do know that there's a lot of times that I would like to be able to provide video content.

Oh, and even a final thing about YouTube, you have to be super careful on YouTube about

what you're actually putting out there because they can just kind of shut your channel down

whenever they want.

And it's happened to some rather prominent people in the crypto community.

Even recently, Guy had 600,000 followers and they just shut his channel off.

Oh, no, I'm sorry, not 600.

I think he's got 200.

It doesn't matter a lot, a lot more than I do.

And because at some point he mentioned coronavirus on a video, I think is what ended up happening.

And Guy shut down because of it and he wasn't politicizing and it had nothing to do with

that.

It was just kind of a passing comment and got his channel shut down for like 24 hours

and they scrambled around and they got it turned back on.

But I personally don't want my content being controlled by any company.

It's funny because one of the tenants of cryptocurrency is decentralization and yet what do we do?

We all aggregate around YouTube.

It's kind of ironic really.

So as I move forward in this journey, I kind of want to give you guys an idea of what I'm

thinking.

So yes, I do want to bring video content.

There are some alternatives.

I'm probably going to end up doing something that's kind of more self-hosted, if that makes

sense.

And yes, I do want to frankly make money off of this in the long run.

I put a lot of time into this and as I move forward, that will go up.

It has to in order to continue to bring y'all quality content, my time has to become more

and more.

And at some point that time, I mean, time is money.

That's just the reality of things, right?

So I'm looking at how can I best monetize things?

How can I provide the best content in a decentralized manner?

And I have a fair idea of how that's going to happen and I'm not going to discuss it

completely on this podcast.

It is coming.

There's some very interesting technology called Podcasting 2.0 from actually one of the co-creators

of podcasting and I will probably take an episode to discuss that because it actually

intersects very nicely and interestingly with crypto.

And the reason why it does that is because one of the things that Podcasting 2.0 brings

to the table is the ability to stream Sats, Satoshis, Bitcoin.

And here's what I mean by that.

If I am running a basically a Podcast 2.0 stream, I can still be listened to in any

podcast player.

So that won't change anybody's experience if they don't want.

But if they are using a Podcasting 2.0 client, which there are a number of them at this point,

and they set up a little wallet, a lightning wallet, then they can stream Satoshi's, remember

a Satoshi, there's a hundred million, I almost said a hundred thousand, there's a hundred

million Satoshis in a Bitcoin.

So it's a very small unit of measurement and you can stream Satoshis to the podcast creator

essentially.

And so you do that directly.

It doesn't go through a bunch of intermediaries.

It can be very, very cheap.

If you really want to show support, it can be as much as you would like, but it can be

as small as like one Satoshi per minute, which is a ridiculously small amount.

In a course of an hour long podcast, that's 60 Satoshis and I don't even know what that

would be.

I bet it would be less than far less than a penny.

We'll bring up the converter.

I should keep one of these up on my screen.

Convert 60 Satoshi is 0.0342, so three and a half cents almost.

I think most people can afford that.

And it's a way to directly support a podcaster.

Now I did mention video.

One of the things that podcasting 2.0 does allow is the ability to do video as well so

you can stream Satoshis to support that video.

It doesn't mean you have to pay, by the way.

If you choose not to, that's fine.

But it's a way for those of you who would like to support the podcast and what we're

trying to do here, it's a way to show that without me having to go out and get on YouTube

or even with my podcast or to put advertising in podcasts.

I listen to a lot of podcasts and it's very disrupting.

One of my favorite podcasts actually recently went the monetization route by buying ads

and now they have ads at the front and ads at the back and I think they have ads in the

middle and it breaks up the whole experience.

This is kind of an interesting new way to provide that support, to remove the middle

man and to show that you care.

This content is good for you, that you like it and you're benefiting from it, I hope,

and so on and so forth.

There's going to be more about that.

I've gone on long enough about all that.

Please though, as you guys, I'm not saying you shouldn't be listening to people on YouTube.

I do want you to keep those things in mind.

Not everybody's out there.

They don't all have our best intentions at heart.

Now there are people that I listen to that you can find that in my opinion they do and

I give them more weight consequently.

But like I said, I listen to a lot of people and some of which I almost completely disagree

with and again, these are people, there are different viewpoints in the market and it's

important not to get insulated and just listen to your little rah-rah team.

Just like I said earlier, I said, well, I don't think the bull market's over.

What if it's not or what if it is, I should say?

There are people who think the bull market's over.

They think that 69K that we reached a few weeks ago, that was it.

We're not going any higher.

I don't know.

We'll see.

But it's always good to balance these out.

We're going to move on.

I'm already like 30 minutes into this and I do want to cover some of this.

This is kind of a follow-up to last week's episode about NFTs.

This stuff actually, I was thinking about this after the fact, this stuff fits very

well with it and one of our listeners was actually asking about some specific tokens.

I'm going to talk about them in this case.

This is not something I generally do.

Again, I'm not trying to provide trading advice.

I'm trying to provide advice, but what I'm trying to do is build a framework for you

to evaluate tokens and ecosystems, whether you should be investing in them, not whether

McIntosh says that you should invest in them.

I hope that makes sense.

But these three tokens actually lined up quite well with this concept we're going to talk

about, the metaverse.

Now, you guys may have heard, it's been a bit now, but Facebook changed their name.

They're now meta because they're trying to cash in on the whole metaverse craze.

So what's the metaverse?

The metaverse is kind of this idea.

It's kind of like second life for those of us who've been around for a while.

There was a game, I want to say in the 90s.

I may be mistaken.

Maybe it was the early 2000s.

I don't know.

Somebody's going to correct me.

At some point, they're going to be like, you're an idiot, it came out well.

I never played it.

So I don't know.

And I'm going to, by the way, I'm actually, I'm glad I said that because this is an area

that I do know some about.

I do not, I haven't caught the vision for it, I guess I should say.

I don't understand the point.

I understand the point, but this is not an area that I dive into because it's not of

interest if that makes sense.

I'm off doing other things that I feel are of more value.

Now maybe I'm getting better returns if I were to invest in one of these tokens.

But that's just my viewpoint.

Does that make sense?

Sometimes life isn't always about gains.

Sometimes it's about believing in what you're involved in.

And I believe in some of the things, in the things that I'm involved with in terms of

crypto.

At this point, I don't really believe it.

I don't really understand it.

Even with the NFT, I have one NFT.

It's not a board eight yacht club.

And I actually see the value there, just like I said last week, it's far beyond the pictures.

It's far beyond the art.

I think the art's part of it, but there's a lot more there.

And maybe I'm missing that on this at this point, we'll see.

But the metaverse is this idea that we build a world inside the computer, on the internet,

on crypto, based on crypto, of course.

So we're starting to see these universes pop up.

So there's one, Decentraland, as an example, they've got a token called MANA.

MANA has done quite well.

And I am not going to give investment advice on these tokens, by the way.

I don't know where these things are going in the long run.

If you feel like these are something that you should be involved in, then go for it.

I would not recommend putting large parts of your portfolio in them.

I would not recommend that you have 100% in MANA or one of these other tokens or some

combination that we're going to talk about.

I don't.

Maybe 10% if you really believe in this stuff.

But this is unproven stuff, and we don't know where this is going to go.

Maybe it's going to get crazy.

Well, if you have a small investment in it, that investment, it could get substantially

larger.

So we've got Decentraland, which is certainly one of the larger platforms.

You can go into Decentraland.

You can actually buy land, which is kind of cool.

You can build your own buildings.

You can vote on the governance of the economy, whatever that means.

I'm not actually sure, but it sounds like they have a community aspect, which of course,

community in any of this is going to be big.

We want our communities to be involved in what's going on because that involvement is

what's going to drive the growth of whatever it is that we're looking at, Decentraland

in this case.

People have been paying crazy money for some of this land, which it always, this kind of

stuff.

It's like NFTs, right?

Somebody buys it for basically nothing and they turn around and it's a hundred eith.

That's just the way these things are.

I would not go into this with the idea that I'm going to get rich quick on something like

this because when you do that, you almost always fail and you lose your money.

Just my suggestion.

What else besides Decentraland?

Now Sandbox is another one that I have heard quite a bit about.

I think Sandbox probably in Decentraland probably have the most traction, so to speak.

Again, it's a place you could go in, you can buy land.

You're going to be able to create experiences.

It has not fully launched, so it's a little earlier in the process.

Maybe I guess if you're going to be getting involved, that might be something you want

to think about.

It certainly looks like they're going to be around.

They're not as developed as Decentraland.

Now in Sandbox, I think you're going to see this in the long run in all of these places.

There's a lot of emphasis on NFT creations.

You can build your own games.

You can build your own NFTs, which you can trade with other users.

I think that type of thing you're going to see a lot.

So I could take my NFT maybe and bring it into the environment, and then it becomes

part of the environment.

What's another one?

Axis, Axie, Axie Infinity or AXS is the token.

It has had a lot of gains.

I'm not sure I would invest in this because the amount that it's gone up so far this year

is astronomical, it's like over 20,000%.

And this one you're creating, breeding, I guess, raising these creatures, which then

they can sell.

It is what they call a play to earn game.

And I did want to actually spend a couple of minutes talking about this.

I'm not going to talk about every different game out there that's on the market, but you

are going to see a lot of these come along.

Playing is a huge thing, whether we as parents like to believe that or not.

It's certainly true.

And as people kind of nest more and more, spend more time at home, this is only going

to grow.

So there's a range of games called like play to earn work.

Basically by playing, competing and doing well, you make real money.

And I think you're going to see that grow.

So maybe that's why this is doing so well.

I don't know.

I'm not going to speculate about where it may go from here.

I personally would be very wary of putting money in that though.

Again, if you are in any of these, I certainly wouldn't put a large portion of your portfolio,

but hey, if you got some extra money and you just kind of, I don't want to call it speculate,

but high risk, I guess you could say.

But in return, you get high reward.

If Sandbox does what Axie has done, then I mean, you're going to make some huge gains.

Sandbox has also been jumping back to them for just a second.

A lot of partnerships over the last few months, OpenSea, so that's an NFT platform.

I mentioned that.

I talked about that last week, Snoop Dogg, Snoop Dogg has been around forever.

It's crazy the things that he gets involved in.

And I will say this, at least when it comes to crypto, he does seem to be very sharp.

I'll say that.

And the Walking Dead actually.

So it recently closed a $93 million fundraising round.

So they certainly have money in order to continue to grow sand.

So that might be something, again, that would lead that credence.

Again, this isn't financial investing advice.

Another one that's, I don't know, part of this is called the EngineCoin ENJ.

The Engine platform lets you create and manage your NFTs.

It also integrates with some gaming platforms.

I think, again, going back to the gaming, we don't understand how all this is going

to tie together.

If I can go and have a nice NFT of my avatar or whatever from my game or maybe some piece,

maybe I'm playing a fantasy dungeon-type game and I get an NFT of some really sweet-looking

armor, right?

Well, that might be worth something.

I could trade that to somebody else to make some Satoshis or whatever the currency is.

So that's what they're about.

That's kind of where we're going to kind of draw this to a close.

It's what I would call a nascent market, so it's very much in its early stages.

I would not, again, I know I sound like a broken record, but I want to make sure that

you hear me, I wouldn't invest a large portion of my portfolio.

There are literally two cryptos that if I were investing a large portion of my portfolio

in two things, it would be Bitcoin and Ethereum.

I think I've made that position clear.

And the reason why, it's real simple, Bitcoin been around for almost 12 years now, right?

And it's not going anywhere.

It's continuing to gain in value, certainly for the foreseeable future.

I think it has a long way to go.

Yes, you could say it's a boring old crypto, but it's not going anywhere.

And Ethereum, even though it is newer, started in 2015, it has achieved a wide, wide market.

It's the second token in terms of value.

And there are fundamentally are a tremendous amount of use cases for Ethereum.

So if you said, well, I can only buy one token, well, buy Bitcoin or maybe buy Ethereum.

If I go beyond that, we can start talking about some other things, but don't go and

buy some of these more speculative things.

Don't go out and buy Shiba Inu just because it's the new meme coin of the month or whatever

the meme coin is this month.

I think we've moved on past Shiba Inu, although I think it spiked the other day for some reason.

God knows why.

Don't put all your eggs in a very unproven basket.

And right now, these are unproven baskets because your basket may break and your eggs

may fall out.

And that would be, you know, and that'd be a terrible thing.

I hope this has been helpful.

I was a little worried about this episode, didn't really know.

I hope that it's accepted in the right manner.

Oh, one, oh, let's talk about the news.

So there has been, there's been a lot of news this week.

For one thing, Stripe is, and I'm going to drop this link in the show note, Stripe, which

is a big payment processor.

I use it for a couple of websites that I help with actually so that people can go through

the store and they put in their credit card and, you know, buy the merchandise.

They're going to start accepting crypto, or at least they're talking about it.

They're not been, they actually said they are considering it.

So I don't really know what that means.

I don't know why they would say that unless it were pretty serious.

This is actually not the first time a few years ago, I think it was 2018.

They did for a while and then said, basically there wasn't enough interest.

I think this time they've decided, well, maybe there is enough interest.

I think it would actually be a really cool thing.

It'd make a lot easier to integrate crypto with websites.

I do want to talk about a couple of things.

We did have kind of this black swan thing, if you want to call it that, stock market

drop 900 points.

I think if I remember correctly, Bitcoin went from 59k roughly down to 53k.

So like a 6k drop within the space of 24 hours, which this is crypto.

You got to kind of expect these things.

I actually kind of wanted to point that out.

You can look back, there's so many drops and so many, you know, we go up, up, up, and then

we drop and then we go up, up, up.

It's part of the volatility of the market.

In fact, some of the more traditional, some of the more traditional publications were

saying that Bitcoin was entering a bear market because it had dropped 20%.

A 20% drop in crypto is almost, it is significant.

I don't want to diminish it, but that's not the start of a bear market.

And in fact, since then it's gone back up.

So you know, do it as you wish.

And then, so that happened on Friday and then Monday.

So this was yesterday or maybe it was today.

Hold on.

Actually this was early this morning, Jerome Powell, who's the fed reserve chairman, said

that we should stop using the word transitory when describing inflation.

Now I will try and keep my opinions to myself, but I will say that anybody who thought that

inflation was transitory in the United States, they're not paying attention or they're deceiving

themselves.

So again, that caused a drop in the stock market, couple hundred points.

We saw a smaller dip in Bitcoin, which it's trying to recover.

Ethereum actually has recovered very nicely.

Ethereum is almost at an all-time high.

At the time of the recording, in fact, it is sitting at $47.27, which I believe is roughly

about $100 less than the all-time high.

So I'm hoping in the next few days we can break that and get on up to $5,000.

And it's interesting because it has definitely led this over the last day or so.

Bitcoin got hit when Powell made his comments.

We saw everything kind of dive for a little bit.

And then Ethereum kind of shook it off and started marching back up and Bitcoin is kind

of dragging its heels.

So it's been kind of interesting because, of course, Bitcoin traditionally has been

the leader.

So maybe if Ethereum can break $5,000, it can drag Bitcoin on up and we can get this

party started again.

I'm all for that.

All right.

And one final bit of news.

And I don't know exactly when this is going to happen, but in the next couple of weeks,

my plan is to move the website from one hosting platform to one that's basically under my

control, self-hosted.

And so there may be a time here shortly when my mail and website don't work for a few hours.

Hopefully at the most.

So I do apologize.

Now is the time to do this rather than later though.

All right.

So if you like the content, I would love it if you would visit the Apple podcast review

page and leave a review.

The more reviews that I have, the more visibility the podcast will have, the better the reach

and the more people hopefully that will hear the message.

Tell your friends about Generational Wealth with Cryptocurrency podcast please as well.

Thanks for being here.

I hope this has been helpful.

I would love to hear from you.

I'm on Twitter at McIntoshFinTech and you can reach me by email at mcintosh@genwealthcrypto.com.

Of course, the Generational Wealth website is at genwealthcrypto.com.