Rob Luna

All of a sudden, the guys who are investing in this stuff because they hate the industry and they don't want to bank, they're now using Bank of America as offering it to their clients.

Rob, are you smarter than Bank of America?

Yeah, I am.

You remember Bank of America in 2008 was essentially bankrupt because they also backed some prime mortgage and me and you had to bail them out with our tax dollars.

Now they're all of a sudden the authority on risk management and how to allocate assets.

And oh, yeah, but what about them?

The biggest ETF company in the world, BlackRock, now offers Bitcoin.

They would offer a turd if they could put in an ETF and put a fee around it.

And that's what they're doing.

They're collecting a fee and it's very, very profitable.

And the biggest problem I have with cryptocurrency is that when these big organizations validate it and they make it available to more people to put in portfolios and other things, it then could create a systemic risk, just like subprime housing did.

And so people who didn't get in in 2008 and make all this money are just sitting in it now.

and bought the bitcoin etf and are actually negative now if this gets infiltrated and over levered inside of other organizations does it become a systemic risk where that's the next bailout and now we have to worry about cryptocurrency because there's some systemic systemic risk to it again i'm not in it but am i gonna have to pay the tax bill for it at some point if it continues to spread probably that's just kind of the path that we've been on with all these things

jeez jeez i can't wait to see the comments i'm an idiot dummy don't know anything i'm missing out boomer are you are you tracking bricks at all uh brazil russia india china the currencies that are going on there yeah i i do and it kind of again it goes back to um if you look at the dollar it's reserve status how much is traded yes

Some of those currencies have gone up.

They have greater depreciation.

The one that's done the worst is the Euro.

Like money's just flowing out of the Euro.

And I think we kind of all know why there.

Why?