Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
You definitely need regulations around that, aggressive regulations.
Yeah, and look, he's only going to do it if it's good business, but it's like right now...
I would need to look more into how it operates and all that.
You want to make sure that it's not exploitative and you want to make sure that it's not just an easy way for kids to gamble on crypto.
And there, there are plenty of things that you want to make sure that it's not doing.
Um, but kids having access to their money, kids being able to, um, understand how money works.
Like none of that stuff is bad.
Um, now something that has parental controls is probably a very good idea.
You don't want kids to be able to get themselves in trouble.
Um,
You certainly don't want them doing things like futures trading where you can have a negative balance.
I don't think Mr. Beast is starting a futures trading company or anything.
You can see why people get nervous about stuff like that.
So I understand the realities of crypto are very different than the positive sides of it.
So the realities of crypto, they...
they do bring out a, what I'll call cultural gambling.
And so when you put people in a position where you're inflating their money away and you're incentivizing them to gamble, and then you facilitate that gamble and take advantage of it, there is something that I get why people would be unnerved by that.
So I would, as a parent, for sure, I'm not a parent, but I would understand why a parent would be like, yo, I need to make sure that there are some tight restrictions around this that I can control.
I totally get that.
And I really like people don't take seriously enough that something that an adult can do and there's no meaningful adverse effects.