Scott
๐ค SpeakerAppearances Over Time
Podcast Appearances
And if someone on the left took a shot at me the other day, they said, oh, Secretary Besson says that the laid off federal workers are all going to work in factories. And I said, you know, that's so reductionist that when a factory isn't just someone who works on the factory floor. And by the way, what's wrong with that? That those are great people. But you're going to create marketing jobs.
You're going to create accounting jobs. You're going to create the design jobs. You know, we're going to bring all that back. So, you know, I just think that the U.S. has just the right combination right now of technology and energy. And then we're going to fill out everything in between.
You're going to create accounting jobs. You're going to create the design jobs. You know, we're going to bring all that back. So, you know, I just think that the U.S. has just the right combination right now of technology and energy. And then we're going to fill out everything in between.
Look, I think the digital assets are very exciting. I would advise all of you to understand what you're buying. It's not a casino. But to me, Charlie, the great thing about digital assets, and I think most of you would have been very young during the great financial crisis, but there was something that was called Occupy Wall Street. And it was a group of people who they were probably
Look, I think the digital assets are very exciting. I would advise all of you to understand what you're buying. It's not a casino. But to me, Charlie, the great thing about digital assets, and I think most of you would have been very young during the great financial crisis, but there was something that was called Occupy Wall Street. And it was a group of people who they were probably
the progressive or left-wing to begin with, but not everybody. There were people on our side of the aisle, and it was people who just thought the system was not working for them. The system had failed, and as Charlie said early on, we want people involved in wealth accumulation. We want people to believe the system works.
the progressive or left-wing to begin with, but not everybody. There were people on our side of the aisle, and it was people who just thought the system was not working for them. The system had failed, and as Charlie said early on, we want people involved in wealth accumulation. We want people to believe the system works.
And I think the great thing about digital assets is it's brought a whole range the new group of young people to the markets or a whole group of people who just weren't invested in the markets. I will share my dirty little secret with all of you. I'm from South Carolina, so I have a Dr. Pepper for breakfast in the morning. not allowed to do it at home.
And I think the great thing about digital assets is it's brought a whole range the new group of young people to the markets or a whole group of people who just weren't invested in the markets. I will share my dirty little secret with all of you. I'm from South Carolina, so I have a Dr. Pepper for breakfast in the morning. not allowed to do it at home.
So I ended up at the Circle K on Meeting Street in Charleston, South Carolina, most mornings, before I came to D.C., dressed like this. Lots of the mostly young working-class construction workers, mostly African-American, in there in the morning and buying lottery tickets. And they'd say, Mr., when I win the lottery... Will you manage my money for me? And, you know, I'd see them again and again.
So I ended up at the Circle K on Meeting Street in Charleston, South Carolina, most mornings, before I came to D.C., dressed like this. Lots of the mostly young working-class construction workers, mostly African-American, in there in the morning and buying lottery tickets. And they'd say, Mr., when I win the lottery... Will you manage my money for me? And, you know, I'd see them again and again.
And I was sitting there thinking, if these young men were putting that same $10 or $20 a week into a crypto account, if they'd been buying Bitcoin for five years, they'd own the Circle K. So, and I think... What we were trying to do in the U.S., the Biden administration really tried to make digital assets extinct.
And I was sitting there thinking, if these young men were putting that same $10 or $20 a week into a crypto account, if they'd been buying Bitcoin for five years, they'd own the Circle K. So, and I think... What we were trying to do in the U.S., the Biden administration really tried to make digital assets extinct.
And, you know, I speak to these digital asset entrepreneurs, and they just said it felt like we had a bounty out on our head. A lot of the digital assets went offshore. subject to a lot of scams. And what we're trying to do is apply the U.S. best practices rule of law to digital assets, couple that with American innovation, and make the U.S., the digital asset, the capital of the world.
And, you know, I speak to these digital asset entrepreneurs, and they just said it felt like we had a bounty out on our head. A lot of the digital assets went offshore. subject to a lot of scams. And what we're trying to do is apply the U.S. best practices rule of law to digital assets, couple that with American innovation, and make the U.S., the digital asset, the capital of the world.
And I think we're going to do it. And so I think it's exciting. I'd encourage all of you to explore it. Over time, stores of value have changed. And clearly, Bitcoin, Ethereum, they are becoming stores of value. And what I would encourage you to do, though, is think about your own risk tolerance. You probably...
And I think we're going to do it. And so I think it's exciting. I'd encourage all of you to explore it. Over time, stores of value have changed. And clearly, Bitcoin, Ethereum, they are becoming stores of value. And what I would encourage you to do, though, is think about your own risk tolerance. You probably...
Depending on your savings, there is some level digital assets are very volatile, but if they're going to be a good investment for the long term, then you could sit through the volatility. But if you want to be involved, think what is the right amount that you're willing to risk? Is it 5% of your assets? Is it 10%? Is it 20?
Depending on your savings, there is some level digital assets are very volatile, but if they're going to be a good investment for the long term, then you could sit through the volatility. But if you want to be involved, think what is the right amount that you're willing to risk? Is it 5% of your assets? Is it 10%? Is it 20?
And they really keep it well-researched and decide what your risk tolerance is. That way, you're not buying at the top, selling at the bottom. You can do the opposite and always leave a little room to buy a little more.