4.8 • 786 Ratings
🗓️ 1 August 2019
⏱️ 14 minutes
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0:00.0 | Welcome back to another Crypto Daily 3 at 3. |
0:05.0 | What's going on, guys? |
0:07.0 | Interesting day today. |
0:09.0 | I wanted to kick it off with kind of a macro theme. |
0:14.0 | The Fed cut rates today for the first time in Bitcoin's life. |
0:19.0 | It cut interest rates by 25 basis points, 0.25% of a percent. |
0:23.6 | And there was a lot of conversation about this. But I actually want to start even a little bit farther out |
0:28.6 | because I think that the relevance here is this kind of larger macro conversation and Bitcoin moving its narrative |
0:34.6 | into away from just what Bitcoin is and into what it represents |
0:38.9 | for the rest of the world. |
0:40.5 | So I'm actually going to quote really quickly or play a clip from Stefan Levera's recent podcast, |
0:46.5 | Brawl Paul, which was just great. |
0:48.3 | So I'll be back in just a second after I play this. |
0:53.1 | Generation. |
0:54.2 | The millennial generation, |
0:56.6 | well, if they were to buy equities at this point, |
0:59.0 | they're the most expensive they've ever been in all history, roughly. |
1:02.1 | If they buy bonds, they get virtually no yields. |
1:05.5 | If they buy real estate, well, it's unaffordable. |
1:08.2 | But even if they could, it's almost an all-time record highs. |
1:12.4 | So what the hell does a millennial do to save for your future when almost all assets have |
1:18.3 | negative imputed returns for the next 20 years, 10 years? |
... |
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