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Rob Luna

Rob Luna

๐Ÿ‘ค Speaker
1383 total appearances

Appearances Over Time

Podcast Appearances

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

There is no way, and I've asked multiple people, in terms of the technology of it in blockchain, and even if you talk about to really, really smart people and some of the vulnerabilities and potentially with blockchain and crypto, with supercomputing coming out that everyone's closing their eyes to, but just say the technology and all those things are solid.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

As a substitute, which still people say it could be a substitute to the dollar, never going to happen.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

There's not enough liquidity.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

It's way too volatile for that to happen.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

There's still a lot of problems with nefarious types of things being done through cryptocurrency.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

So governments are finding very hard to regulate.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

How do you value cryptocurrency?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

The truth is it's only worth what someone's willing to pay for it.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

You can say the same thing for the dollar, kind of true.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

But if you look at the usage of the dollar, if you look at the reserve currency status of the dollar, if you look at trading in currencies, the dollar has actually increased over the last 10 years.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

So as bad as we talk about the dollar, it still continues to be the gold standard, if you will.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Cryptocurrency, again, the big problem I have with it is how do you value it?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

What's the intrinsic value?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

I can do that with gold.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

even with silver because there's a use case for it.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

There's no utility for cryptocurrency.

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

So now, can that change in the future?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Can this be adopted by more people?

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

Potentially, but in terms of, again, who I work with myself,

The Shawn Ryan Show
#267 Rob Luna - 50-Year Mortgages, Government Band-Aids, AI Job Cuts and the Middle Class

We build multi-asset class portfolios, gold and real estate and private equity and stocks and all those things.