TRUMP GREAT ECONOMIC RESET IS MOVING FORWARD WITH PROFOUND EFFECTS! THE LATEST

The economy is undergoing changes, with cryptocurrencies becoming a significant part of this transformation. Under President Trump’s administration, there’s been a shift from enforcement to engagement with the crypto industry, including discussions at the White House with industry leaders. The goal is to create clear regulations for cryptocurrencies, particularly stablecoins, which are backed by the US Dollar and can help maintain its status as the world reserve currency. This change in approach towards cryptocurrencies is a departure from previous administrations and is seen as a positive step for the industry.
The SEC has changed its stance on crypto, allowing banks to get involved. This change came after the repeal of Saab 121, a rule that previously required crypto to be stored as a liability. With new leadership in the SEC and a shift towards less regulation, there’s potential for increased adoption of crypto among banks. The SEC is also dropping cases against companies like Coinbase and Robin Hood, signaling a more crypto-friendly environment.
As technology advances, more businesses are expected to accept cryptocurrency due to its efficiency and lower costs compared to credit cards. Fidelity is planning to tokenize its U.S. treasury fund on Ethereum, a popular blockchain platform, which will allow for instant transactions and 24/7 trading. However, the adoption of this technology is slow due to regulatory hurdles. Despite this, cryptocurrencies like Ethereum and XRP are seen as good investments, with XRP potentially replacing the slow SWIFT system for international money transfers.
The discussion revolves around the popularity and potential of Bitcoin, Ethereum, and XRP in the cryptocurrency market. Bitcoin and Ethereum are the most popular, with Bitcoin being the oldest and most stable. XRP, while newer and less liquid, has significant growth potential and is being adopted within the traditional banking system. The conversation also touches on the benefits of holding cryptocurrency in an IRA, which can offer tax advantages, and the services provided by My Digital Money, including a ‘Play Money’ account for those new to crypto.

There’s no question we’re going through economic restructuring, and crypto is going to join Gold and Silver, or is has joined Gold and Silver to be a part of this restructuring. And we’re going to look at four different aspects of the crypto world under Donald Trump’s administration. And we have Guy Gotslak here to talk to us about this. He’s the CEO of My Digital Money, and they do work with crypto. Very good work, as a matter of fact. And I’m Dave Hodges. This is the Common Sense show, and we are the show that’s freeing America one enslaved mind at a time.

I want to thank you very much for joining us. And listen, a lot of people aren’t getting info that they need about restructuring that’s going on with the economy as things get manipulated here and change there. So please share this far and wide so we can keep people apprised of what’s going on. Guy, welcome to the show. I’m really glad you could join us. Boy, I’ll tell you my big takeaway from crypto right now. What I do know a little bit about is the crypto summit. And, oh, my gosh, was that a love fest. I mean, I never heard so many compliments exchanged between the President and crypto people ever.

It was incredible. Yeah, it’s definitely a radical change from where we were before with the previous administration. You know, you probably heard the term operation choke point 2.0. It seemed like there was an agenda to drive crypto abroad and squash, you know, any innovation that was happening. And now it went from, you know, enforcement, you could say, to engagement. Right now we have, you know, summits happening in the White House with President Trump and industry leaders. Like, you know, for example, the Winklevoss twins were speaking, you know, at the summit with Trump, and one of them, you know, made a comment that, you know, just months ago, he could imagine himself being in jail, and now, you know, here he is in the White House, you know, advising on crypto policy.

So It’s a complete 180. And, you know, there’s. There’s dialogue happening. So that’s what we always wanted in the crypto community. And, you know, Trump has basically set the tone, you know, created a working group and is talking about, you know, operation choke point 2.0, acknowledging that’s what was happening. And now we want to do the opposite. We want to work on crypto legislation to make it clear for companies, you know, how to be compliant and, you know, to kind of bring everyone in and. And, you know, get people working in the space. I think stable coins are really important for the US Dollar.

Can you explain what that is for people that may. Yeah. So stablecoin is. It’s a cryptocurrency that’s backed by the US Dollar. It could be any fiat currency, but, you know, the majority of stablecoins are backed by US Dollar. So essentially, it’s a way to essentially improve the accessibility of the US Dollar. It makes it more efficient to transact. Right. The settlement time is instantaneous, and so it really can help cement the world reserve currency status of the US Dollar. So that’s why it’s important for us to lead in this space. We want to create stablecoin regulation so it’s clear to issuers, you know, how to create stable coins in a compliant way.

Right. How to do so in a way that is safe for consumers. Right. And so, you know, there’s been a lot of ambiguity around it, and that’s held. Held back the industry. So, you know, the goal is to get something passed. And on Trump’s desk, you know, in the next two to three months, the goal is the summer. And that would be a big win. And I think it’s a big win for the US Dollar, frankly. And so, you know, there was always questions. We always talked about, you know, how does. Is it Bitcoin or the dollar? No, I think they work well together.

And I think crypto in general could help the US Dollar. Right. Stable coins in particular. It’s amazing here because as the US Is losing world reserve currency status with the dollar, and Japan was the latest. That was a big blow. I mean, stock market really reacted negatively to that. But what I’m hearing from you here is that crypto could bring stabilization back to the dollar. And again, because other nations are involved in crypto, again, you’re back to world reserve currency status. That’ pretty interesting approach, and I’m sure that was Trump’s motivation for the summit. Do you agree? Yeah, yeah, I think that’s a, you know, he’s prioritizing that particular bill.

The other bill is. Is fit 21, which is the market structure bill, which essentially defines which agency is governing crypto. What’s the security? You know, when. When is a cryptocurrency security? When is it not? And it really makes things much more clear. And I think that kind of goes hand in hand with stablecoin. You kind of. The stable coin bill, you kind of need both of them at the same time. But it seems like the stable coin bill is being prioritized and you know, I think a big part of that is, you know, the US Dollar.

Right. Is it’s important to have a US backed stable coin and to lead that, to lead the charge there. Right. Because if we don’t do it, then, you know, there’ll be other stable coins in other currencies. Right. Backed by other currencies that will dominate if we don’t lead the charge here. Is it your belief that Trump is going to use a basket full of backings for the dollar, not just limited to crypto as he indicated in the summit, but perhaps gold and silver as well? Do you have any opinion on that? I mean, I assume so.

I assume he’ll do whatever makes sense to basically reduce the deficit and to, you know, move into having assets instead of just liabilities. And, and so, you know, he’s a businessman, so I think whatever makes sense, whatever assets will, you know, preserve value and, and grow in value, I think, you know, is in the scope. Right. I don’t think you can rule anything out. And I think it makes sense to have Bitcoin in strategic reserve, which is what’s been established last week. Right. There was an executive order being signed to basically take any assets the US Government has and put them into the Treasury.

Right. As a strategic reserve. And I think there’ll be a bill coming that will dictate how much we should purchase on top of what we’ve already seized. And I think that will be important. You know, it’s the same kind of strategy that some companies have, like micro strategy, converting their cash reserves to, you know, a portion of it to bitcoin. Right. I think it’s a no brainer when you look at the performance of Bitcoin compared to other assets in the last 10 years. So having at least a small fraction makes sense, right? Yeah, that really does.

I just, I’ll tell you, my mind gets cloudy and I don’t know that anyone can answer this question. Let’s say you had three things backing the dollar. Gold, silver, crypto. How would you divide up the backings? Because gold and crypto and silver may not fluctuate in price at the same rate as each other. Yeah. So that, that’s, that’s where my confusion comes in. How would you do a basket of backing ups? Yeah, I mean, I don’t have the answer like the portions, you know, that would be someone that’s more of a, you know, in finance that, and it really depends on what the purpose of, of this basket is.

Right. Like if it’s more growth oriented you know, it’s, it’s really depends how much risk you want to take on. Right. So, you know, it depends who you ask. Right. When you look at Micro Strategy, they probably take on a lot more risk than like the US Government should take. So the proportion of, of their reserves will be much higher in crypto. Because Michael Sailor. Right. The, the, you know, CEO of Micro Strategy, or it’s called strategy now, is very bullish on Bitcoin. And so he’s going to be much more, you know, willing to take risk with the US Strategic Reserve.

I would say you have a lower proportion of in Bitcoin. Right. Okay. Yeah. You may get to decide where you want to put your money in terms of who’s going to back it. I, I’m just speculating and I really don’t know. But I’ll tell you, this is a remarkable change. And I gotta say, the banks historically have not been friendly to crypto. I remember there was a day when Jamie Dimon said, if I find out if my employees are in crypto, I’m going to fire them. Do you remember that statement? Yep. It was about eight, seven, eight years ago.

And now like, we can’t beat them, so we better join them. That sends a clear message to the big five banks, doesn’t it? You better get on board. Yeah. And banks are adopting it for sure. Well, they’re using blockchain technology and they’re also moving into custody, you know, to holding the assets for customers. And you know, the, there was, the SEC really held that back for a while, but then they repealed the, the Saab 121 which was dictating, you know, how to, you know, how to categorize crypto on your balance sheet. It was saying you have to basically store it as a liability and you have to match, match, you know, the crypto with, with assets.

So that really kept banks, you know, out of the game for a while. And now that was just repealed. Right. The SEC has been dropping cases and really changing its stance. And so, you know that, sorry, Gary Gensler is gone. That’s why. Well, Gary Gensler is gone and you have Paul Atkins coming in end of this month. And, and in the meantime you have Hester Pierce and the, you know, other commissioners that are in the SEC that are basically on board with, you know, Trump’s strategy. Right. With crypto. And so, yeah, they’ve been dropping cases, you know, the, the case on Coinbase was dropped and Robin Hood and others and you know, they are, they repealed the, you know, rescinded Saab 121, which was a big win and will cause a lot more adoption among banks.

Which is what you were talking about. Exactly. Yep. You’ve kind of gotten into the regulatory landscape area that I was going to go into here a little bit with the dropping of some of these cases, because that means less regulation. Is there anything else that people in crypto should be watching out for with regard to changing regulations under Trump? I mean, the, the main things are the stable coin bill, the market structure bill that I already mentioned. So those are the two big ones. And now if you’re looking at, like, investing in certain assets, XRP is very interesting.

You know, they just had their, the appeal drop at sec. Right. And there’s a really good chance as a result that we’ll have a etf, an XRP ETF this year be approved. And so that is something to watch for. If you, you know, are invested in xrp, there’s, you know, a lot of reason to believe that there’s, you know, a lot of room for growth in the price. But, yeah, other than that, it’s just having more regulation is actually good. Right. You know, the SEC was able to sue companies because there wasn’t any clarity. Right. And.

And now we’re putting clarity there. So that means less enforcement actions. Right. That means that you can’t just go after companies. You know, they don’t, they don’t even know what they did wrong. And you’re going after them. Right. And now it’s much more clear how to be compliant. Pretty interesting. That is, I wonder if the SEC is going to form a special division to oversee crypto. That, to me, I kind of see coming. Yeah, I think they are. I think they do have somebody that’s in charge of their crypto committee. I don’t. It might be Hester Pierce, I’m not sure.

But. But yeah, I mean, it’s definitely a big initiative within the White House and which trickles down to all the agencies. What was that XRP lawsuit all about? What was Gensler and the SEC alleging? Yeah, so they were alleging that there was a sale of unregistered securities. And so they were saying there was about 1.2 billion worth of unregistered security sales. And so the lawsuit has been going on for a while, and basically there was a judgment by a judge that gave a partial victory to Ripple, which is the company that produces xrp. And the, basically the part that they won was the sale to retail investors, to individual investors.

They call it programmatic sales. So the Judge ruled that that is, that did not constitute a sale of unregistered security. So they won that part. The part that they lost is the sale to institutions. So that was deemed, you know, unregistered security sale. So, so they were fined, I think it was 120 million. And that part was just settled for 50 million just two days ago, just yesterday, actually. And, and you know, the part that they, that they, that the SEC lost, they appealed that. Right. And the appeal was dropped last week. So basically there’s no appeal anymore.

Right. And now the, the fine was settled and it still has to be officially dropped. The appeal. You know, that announcement was made by Brad Garlinghouse, the CEO of Ripple, but the SEC hasn’t, you know, finished all the paperwork yet, so there’s still a few more steps to go, but it’s pretty much going to be resolved in the next few weeks. And so that’s really good for XRP and for the industry. And, you know, in general, the SEC is backing off. So we’re, we’re heading in the right direction. Do you, do you have, I might be asking too technical of a question here, but, you know, when a new president comes in, he puts his own people in charge and we know the directorship of the SEC has changed.

Do we know if that’s happening? With the rank and file with enforcement officers that go out and find cases to prosecute, has that changed to a Trump appointees? I don’t. I think there’s definitely been some changes at the sec, but I don’t know if you know, to what extent that has happened. You know, but I think really what matters is the directive from, from, you know, the top, the main commissioners. So I assume that enforcement actions will, will not happen anymore. And unless it’s, you know, obviously someone that’s blatantly disregarding the new regulations. Right, yeah, that’s true.

What kind of consumer protection regulations should people know about? In other words, when you get into crypto, the government said, okay, crypto, you gotta act responsibly and this is what you gotta do. What are some of those things? Yeah, so I haven’t seen the bills yet, like the details of them, but I assume it’s going to be around, you know, disclosures, Right, Sure. You know, basically getting disclosed on, you know, the technology and, you know, liquidity and risk and, you know, and so I, I think that’s really what it’s going to be around, like, you know, making sure people know the risk.

Yeah. And, and making sure that the companies are reputable. Companies that are registered, if they’re registered, that means that there’s been research. You know, they have a track record, they have founders that have been vetted. Right. It’s not a rug pool type thing. Right. And so it’s important that, you know, if you’re investing with a big company like my digital money, for example, and it’s not your own wallet, and there’s some responsibility that the company is taking and managing your own. Your wallet or whatever the service is, you know, that they’ve been vetted, that they are basically, you know, there’s a stamp from the regulatory.

Right. You’ve established. One of the things I was wondering about fiduciary responsibility, that the crypto companies have to put the customer’s interest first. And. And it sounds like that’s the direction things are going. And I’m just wondering why Gensler just didn’t do that and say so. But I think he had an agenda that we don’t want crypto to interfere in our deficit spending. And. And crypto will have an inverse effect on the value of the dollar compared to what Gensler was supporting. So, I mean, it all comes down, I think, just to control and. Exactly. You know, the government doesn’t control Bitcoin or crypto, so, you know, it was seen as.

As a threat. But, you know, when you look at the will of the people, you know, what the people want, what the people are going to vote for. I mean, crypto and, and, you know, blockchain empowers people, and that’s what people want, and that’s what’s going to happen, and there’s no stopping it. And so, you know, if you’re smart, you’ll realize that and you’ll, you know, lead the charge on this thing. Right? Yeah. I could see a day and you can laugh at me. Okay, if I’m going overboard here, guy. Okay, that’s. That’s permitted. You can make fun of me, but right now, if you walk into a store, you basically have two choices for payment.

You’ve got cash and you’ve got credit cards. Okay, Now, I know you can do EFT and all that stuff, but I’m just saying, when you walk into a store, you. You basically have two broad choices. I can see that changing to where point of sale cryptos are going to come in and they’re connected to the system. And maybe even we’ll see this with Gold and Silver Holdings. I mean, you want to comment on that or is that too. Yeah, I mean, it’s absolutely going to Change, it’s just going to take time. And you know, there’s, there’s already, you know, systems that are, that exist.

Right. It just hasn’t been widely adopted. But you know, you have Visa and MasterCard are working on basically allowing you to use your crypto at the point of sale. And you know, Apple pay and all those will, will get on board where you can leverage your crypto at point of sale. And it converts it essentially to fiat as you know when you’re making a transaction. But yeah, more and more merchants will eventually accept crypto once that technology is more broadly available. And I think it’s going to be cheaper for them to do that. Right. Than having to pay the 3% or whatever that they have to pay with credit cards.

But then you also have the middleman aspect of it too. So, yeah, that’s, I mean, it’s kind of like six, one half dozen the other. Probably if crypto had its own point of sale terminal that you could say, well, I’m doing crypto and you got your card that has your holding on it. Okay, that’s one thing. But the other thing, if the credit cards take control of that, they’ll have their middleman fee. So you have the 3% on one end and you might have the 3% on the other. Yeah, I mean, look, it makes, at the end of the day, I think efficiency is going to win over and this technology makes things more efficient.

I mean, you see, for example, Fidelity just filed to provide their money market fund on the blockchain. Right. So they are basically going to provide, I think, 80% of their, of their assets and their funds are in Treasuries. So they’re basically tokenizing this fund so that it’s on the blockchain. So, so at some point you’ll be able to directly, you know, transfer your, your shares to another person. Right. And, and even if you can’t do that, I mean, it’s just much more efficient. You know, things happen instantaneously on the blockchain. So, you know, they’re already doing this and they’re going to use Ethereum, which is good for good news for Ethereum, actually, because Ethereum’s been lagging behind, you know, some of the other competitors, but it’s still the number one choice for institutions.

So that’s, that was a development that happened a few days ago. I actually have the article over here that says Fidelity prepares to tokenize its U.S. treasury fund on Ethereum. Wow. So putting it into the mainstream, guy, I mean, that’s totally Mainstream here. That’s interesting. Yeah, I mean the technology makes sense. Right. It’s just that it takes time to adopt and regulation has been a big hurdle that is going to be overcome in the next few years. So yeah, it’s going to happen over time. It’s going to be slow. But look, we’re still early on and that’s why I think it’s a good investment to look into.

Right. You know, investing in Ethereum and xrp. You know, XRP is basically, you know, set to replace the Swift system. Right. That’s a very slow system of transferring money. It takes days to transfer money to my relatives abroad. You know, I have to go through multiple intermediaries and pay fees. With xrp, it can happen instantaneously. And so banks are, are using it. Right. They’re, they’re going to be using it to replace Swift, but it, it will take some time. Wow. That’s. Yeah, I know that they’re looking at systems that will work over the weekend and so forth and there won’t be the delay in cashing checks.

That’s the other thing. Yeah. 24 7. Yeah. And so when you think about, you know, tokenizing real world, real world assets like the Treasuries in the case of Fidelity, that opens up, you know, being able to trade 247 and you can imagine it being used for anything. Right. Any real world world asset that you can trade. So that makes it, you know, much more automated and you can do it at any time. Right. It’s just much more efficient. It’s going to give a new role for financial advisors. They could either lose business because people will manage it themselves or they’ll have to adapt and get involved in this.

That’s really interesting. There’s another thing I. Well, there’s two things I wanted to ask you. One was something you talked about earlier with the lawsuit at the FCC or the sec. I should say it’s okay for individuals and you don’t have a securities issue, but it’s not okay for institutions. Here’s what confuses me. Under our corporate laws, a corporation is treated the same as an individual. And this is one of the reasons they can lobby Congress and get away with it. I don’t know how a court could differentiate between an institution accepting crypto and an individual.

Do you have an explanation for that? Because to me that seems counterintuitive. Yeah, I, I don’t remember what their reasoning was here, but I, I think it had to do with how XRP sold to businesses and now they’ve Changed the way they’ve done it. So I think the way they’re doing it now will be okay. But I think the way that they were selling it before for some reason met the, the Howie test. Right. Which is basically, you know, that it’s an investment contract. Right. The way that they were positioning it to institutions. Oh, so you have to acknowledge a risk and say it’s an investment.

I, I get it. Okay. Yeah. And I don’t remember the details and I would have to look into it, but yeah, it’s, I, I, I think it’s just the way that, like. And where they were selling it. Right, sure. But the way I heard it, it just didn’t make sense that individuals can deal with crypto but institutions can’t. And I’m thinking, well, that will limit the use of crypto. So I’m glad to hear that they overcame that barrier. That’s good, because both need to be on the same side. What about tariffs? How are tariffs going to impact crypto, in your opinion? Yeah, so the, the macro just basically impacts crypto like it impacts the S P500 or, you know, stock market.

You know, when people are uncertain about the economy, they are not as willing to invest in riskier assets. Right. And so you, you know, just like you see the Nasdaq or, you know, like tech stocks usually go down when there’s, you know, economic uncertainty. Right. Or when the interest rates go up, liquidity is pulled from the market and in the first place, it’s going, it’s going to be taken out of is, is on risk assets. Right. And so, yeah, when, when the whole tariffs uncertainty happened, you know, crypto took a hit, but lately there’s been a much more mild tone about tariffs.

You know, like, I think Trump has made some statements that he’s, you know, not going to be as aggressive, you know, not as reciprocal in, in, in the, the rates. Right. Not as tit for tat. So at least in the short term. So I think, I think the initial shock is also subsiding of the tariffs. So that’s why I think crypto is bouncing back a little bit. So, yeah, in the short term, you know, we’re going to be moving with the tech and the NASDAQ a little bit. Right. The crypto market, but as the, as it matures.

Right. As crypto matures as an asset, it’ll eventually be more independent. But yeah, economic uncertainty definitely impacts crypto right now. Well, that’s true too, with the stock market or anything else with investment possibilities. Crypto, I mean, the tariffs, in my opinion, aren’t going to be with us real long. It’s a leverage tool by Trump and he knows he can win a war of attrition with other nations economically, and they know it too. So they’ll bluster to gain favor with the people that vote for them in these foreign countries, but they’re not going to maintain resistance. I mean, we saw it before in his first term.

Everyone that was faced with tariffs capitulated to Trump in his first term. And I think that crypto will not end up having adverse effects with it. Neither will gold, silver, the stock market. I think that’s pretty clear, at least in the long run. The. What does crypto do to the power of the Federal Reserve? That’s been. Except for Kennedy, when John Kennedy had the silver certificates. Except for that the Federal Reserve has had complete control over the economy with regard to money supply and manipulating the value and interest rates and fractional reserve banking and all that stuff.

What does crypto do to that? Anything? I think it probably does reduce the power a little bit. Right. I mean, that’s the goal is to basically take away the ability to mismanage the money supply. Right. So it probably, you know, softens the effects like in the long run. Right. But right now it’s probably too small to notice. But, but yeah, I guess it makes people more honest. Right. Because, you know, it’s real. Right. Like the supply of Bitcoin is the supply. You can’t, you know, manage that. You can’t, you know, manipulate that like you can with printing.

Right. And so, so yeah, I think, I think if anything, it, it really is good as a good balance that it provides it, you know, I, I think it softens the power that the Fed has. I agree. Well, before we close, I need to ask you this first time investor in crypto calls my digital money. And we’ll give out the contact information in just a second, but they call. What do you think the best investment is today? Which crypto would you tell people to go with today? Yeah, I mean, you know that we shy from giving advice, but we, we do just give the information.

This is just opinions between friends who. Not. Not professional advice. Okay. Yeah, yeah. Well, I. Look, the, the two most popular options are always going to be Bitcoin and Ethereum. Bitcoin is about half of what people purchase on our platform because it’s, you know, the oldest, you know, and the leader and has the most liquidity. And, and I think that if you’re looking at risk relatively, it probably has the Least risk out of all of them. So it’s a good one to start with. Ethereum is, you know, also been proven. XRP is number three in terms of market cap and it does have the most growth potential I think out of those three because you know, it is newer and, and now that the lawsuits behind us can realize its potential.

Right. It’s being adopted within traditional finance. Right. So it’s not aiming to fully replace the banking system. It’s actually working within the traditional banking system. So that one is more practical in terms of adoption. Right, the adoption. What about liquidity compared to Bitcoin? How does it compare? It, it has good liquidity. Not you know, as much as bitcoin, maybe half. I don’t and I could tell you right now by looking at coin market cap because it’s always changing. So let me show you. But yeah, I think it probably is probably a fifth of the liquidity. Let me see.

Bitcoin is at 1.7 trillion and XRP is at 138. Yeah. So it’s about 10% of the liquidity of Bitcoin but it’s actually number four. Now I see it’s behind tether but it’s, it has 138 billion in liquidity. So not bad. Yeah, I like what you said though. The, the long range potential of xrp, it’s just you got to realize there’s less liquidity now. What does that mean for people if they need to look liquefy their assets, so to speak. And yeah, I mean there hasn’t been any issue that I’ve, I’ve run into. I mean you can always sell on any big exchange with us.

There’s, there’s no issue with, okay, sell it. So if people buy it from you, they can buy it, you’ll buy it back if they want. Okay. Okay. Yeah. We’re connected to a bunch of liquidity providers and exchanges. Right. So there’s cool under the hood. There’s plenty of places where we can sell it. So you know that happens instantaneously when you, you could sell it. Right. With a click of a button on our platform. So yeah, that we, we always go with cryptocurrencies that we can, you know, sell right away. There’s no issue. Okay, where does Bitcoin sit today? What’s the price? It’s at 86 000.

You know the all time high is somewhere around 107. So we still have a ways to go to get back to the all time high. But when you put things in perspective we were right before the election, in the 60s. Right. So we’re still, you know, doing pretty well in the last six months, even though there’s been a big pullback. Right. It seems like all people think about is, oh, wow, we really pulled back. You know, it’s not going well. But when you really put things in perspective, we’re still doing pretty, pretty well in the last six months.

So do you use is. There’s a lot of room to go up. Do you extricate retirement contracts like 401ks and IRAs from banks and put under people’s control and back it with crypto? Do you do that service? So, yeah, we offer IRAs. So basically you could put your crypto in your IRA. And that is really great because you don’t have to pay taxes for a while or ever, depending on the type of IRA, 73 years of age or when you cash out. I know. My wife and I just researched that. Yeah, yeah, yeah. So you can think if it’s a, you know, a traditional ira, then you don’t pay taxes up front, but then later when you take a distribution, you do.

But that means that, you know, you can take advantage of compound growth, right? You. You basically can sell your crypto once it doubles and not pay taxes on it, and then you can buy back in and you can keep doing that. And then when you retire, then you could take a distribution, right? You could take, let’s say a hundred thousand a year or 200,000 a year and pay taxes like, like it’s income. But you can also do a Roth IRA where you’re paying taxes up front, but then later you never have to pay any taxes on your gains.

So when you combine that with the potent. The growth potential of Bitcoin and other cryptocurrencies, it’s really great. When you do one of those with my digital money, a Roth or an ira, it’s under the person’s control. Is that right? Not the bank. Yeah, well, we. We’re holding your. It’s being custodied by, you know, our partner. So you’re not. It’s not in your own wallet, but you legally own it. We’re not allowed to, actually. That’s what I’m saying because, you know, under Dodd Frank, I’ll just give you example. If you have a retirement associate with the bank and Dodd Frank, you’ve been put in second place as, as a owner of that money, the bank now owns your money and your retirement, and so they can keep it if they so desire.

Now, I Think that’s a public relations nightmare. But Guy, if they were failing, they’d have nothing to lose since they’re going out of business. So they would keep all the assets they could. And this is why I tell people, don’t ever put your retirement in the bank. If you can avoid it, you need to have it out of the bank. Do you agree with that advice? Yeah, I mean, I think, you know, putting it with, with a trust or, you know, you know, in that kind of vehicle is better. Yeah, exactly. Yeah. We’ve, we’ve answered a lot of questions here today.

Is there anything that we want to close with besides contact information on how to get a, to you? No, I would say, you know, if you have any questions where we are, we have a us based customer service. Right. And so we’re here to answer questions. That’s one of the differentiators of my digital money is that, you know, we’ll pick up your call and you know, from time to time if we’re too busy and we can’t pick up the call, we’ll call you back right away. You know, we used to try to guarantee that we’ll pick up the, the phone, but sometimes, you know, when the market’s hot, we get a lot of calls at once.

So. But we’ll call you right back at least. So you’ll be able to talk to a live person in the U.S. that’s knowledgeable about crypto. What’s that number? So it’s 833-636-2008. Okay. 833-636-2008. And I know you have a website, mydigitalmoney.com you can find the number on there as well and you can sign up. It takes about five minutes. And you can give us a call if you have any questions. I always like to say this when I talk to you because people say, well, I don’t know about crypto or bitcoin because they grew up in an older generation and I get that.

But there’s a Play Money account that you can do too. I’ve looked, I’ve been on your site and looked at it. It’s pretty cool. You can go in with no risk and you can start with a pre designed amount and you can learn how that you can invest in crypto, liquefy the crypto. It’s pretty cool. I like, I like what you’ve done there because that takes a lot of the anxiety out of taking that leap, jumping in, of jumping into crypto. But it is definitely a wave of the future Trump endorsed. And I think this is really, really important.

And you know, the 100 and something that the crypto went up to, I think a lot of that was driven by emotion at one time. I think where you’re at now is a more of a realistic value. But it’s increasing, isn’t it? It’s increasing and with regulations it’s, you know, it’s going to really skyrocket, I think. There you go. Exactly. Yeah. Because people’s confidence will be high. Our guest has been Guy Gotslak from mydigitalmoney.com I’ll give that number out again. 833-636-2008. Go take a look. If you’ve never done crypto before, it’s something you might want to think about because it is one of the waves of the future in our economic restructuring.

Guy, thanks so much for joining us. Always a pleasure to have you on. Same here. Thanks for having me. Take care.
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