Alright guys, so a lot of people access how do they make a podcast? I'm let you in on a secret on the easiest most productive way to start a podcast and get it up and running and that is the app called anchor is free. They have all kind of cool creation tools that allow you to record and edit your podcast right from your phone or computer. They will distribute your podcast for you to all of the major Outlets including spot.Why Apple Google many more and you can make money from your podcast with no minimum listenership is everything you need to make a podcast in one simple easy place. So if you're interested in starting a podcast Go download the free anchor app or go to Anchor dot f m-- to get started. Let's do it. All right, guys, welcome back ey L episode 28 28 weeks in 28 Monumental first and foremost. We have to think Black Enterprise sure for featuring us. That was it. That was a very that was good loquacious article that they did for us. It was the number one shit story last week on sort a slightly almost out that 3000 share some shout out to everybody for sharing it and all the response that we've gotten for that. It's very encouraging very encouraging. Don't thank you. Thank you for Black Enterprise. We appreciate you Nicole Web. Thank you for writing a story We Appreciate You Well done. And then we also have these shout out curl fast amazing. They childhood to all the girls are curly girl Collective. We actually attended for the first time and definitely won't be our last time. Yeah, it was just beautiful to see melanin celebrated and everybody come and have a good time and I was in all of it. Yeah, sure episode 25 if you have a listen episode 25, that's when Simone marriage. She's one of the cofounders of grow faster. So fast as the largest natural hair Festival in the world, so check that check that episode out. It's a good one. She dropped a lot of gyms on women hair and also on the festival industry, so we actually went this is our first year actually going intending it was 20,000 30,000 people there and it was it was dope. It was crazy really good and then I've done like they're gonna be doing Atlanta. So I landed you're ready it coming your way. Yeah, I'll do them for sure for sure. But you're going to write until we got a very very special show. We actually we do a little different this week. We got so much information that we want to give out to the public that we're going to release two shows this week. We got to do our show what you're listening to right now Tuesday 5 p.m. And then we also going to drop on Friday. We did that before. Yeah episode 24 we did episode 24, but this is just going to be two different episodes and we got some some some information for our International listeners as well on this on the episode is coming out Friday because we get a lot of feedback we get a lot of positive feedback from from people all over from Africa from Europe from Asia and they're like, you know, we want to have a little bit more of an international field. So they love the content but sometimes it doesn't relate to their country. Yeah, so we got some International information as well as information for the globe and I always say even for people are living in America. Don't limit yourself to America like the world is Big right? So the International Information isn't just for international listen to this for you too because we need to get money every single win World and we need to educate ourselves everywhere in the world. It's the World is Flat not literally like Kyrie Irving. Yeah. In trouble for that it's flat. As far as information information is the same. This is why we can be on the charts and in Dubai the in the charts in line of Botswana being a charts and out to Bermuda. We number 7 U du and Trinidad Jamaica, all of these different places is because we were receiving information at the same time right now. So it's a Level Playing Field. So we need to educate ourselves on what's going on all over the world. Not just what's happening in America. They're definitely for sure. So they're very special guest today. Day Fritz Charles. Thank you for joining us. Thank you for having Legend in his own right? Yay. Appreciate that for sure for sure. So he's going to tell his story what very interesting story got a lot to talk about from Wall Street to crypto and one of the things that we've been getting requested to cover the most is cryptocurrency, right? We got some stories. Yeah, so we got our own personal story, but we wanted to bring an expert in the field in as well. So he's an expert in the field as well as a bunch of other things as well. So we're going to get into crypto but We start we want can we get it back story on how you got here? Cuz your story is really interesting as far as working in Wall Street, and you were with the infamous Lehman Brothers, right? That's right. That's right. So, all right. So all of a lifetime, yeah. All right. Can you explain it? Because that's that's that's an interesting story now for sure for sure. I'll try to make it as concise as I could because it's pretty long, but think first off thanks for having me. But yeah, like you said, you know, it's kind of the personal background is a group of In Queens born in Queens New York attending college at Baruch College in New York study finance and my first job out of school is at Lehman Brothers for but you know not coming. Yeah knows I went hard for that job. It was definitely a job that it's a dream job Lehman Brothers at the time. This is 2006. You know, I would say, you know, probably, you know, it's Goldman Sachs and like Lehman Brothers Morgan Stanley rule on that next level Investment Bank, if anybody's familiar Lehman Brothers was one of the biggest investment banks in the world. Yep, or Wall Street like Goldman Sachs same level is exactly and so I got a job there as a Trader. So I traded Equity derivatives mean Equity swaps Equity options and my clients were hedge funds and crazy fun job, you know really intense. I was 22 years old kind of doing transactions that were in the billions lucrative. Yeah. Yeah. Yeah, you know the intentions billion that's all six digits in stages as as a 22 year old out of Queens is Major and then I you know did my thing got you know, you kind of the way you're hired as an analyst. So you do two years and analysts and they decide what to do with you and I was got promoted to associate and this is 2008, you know 2008. Obviously the financial crisis happened and about three months after I got promoted we went bankrupt and so and then what happened was it was like three days where people didn't know what was On as far as like whether it was a you know, whether the building to be open whether we had insurance with you just basically working for a bank of entity and then we got word that Barclays bought us and then there was like a whole lot of hoopla as far as like who's going to be left with Barclays who's going to get laid off and I was one of the fortunate people to keep my job. So I just end up working at Barclays his before The Barking sentence. I ain't got any tickets head. So that's alright. So the financial crisis of 2008. Date when Banks were closed in left and right Wall Street was in a mess and you were trading very complicated swap derivatives. Can you give 11th grade explanation on what swap derivatives Yeah Yeah. So basically what it is is basically it's a it's a contract that says I traded Equity swaps on basically Equity index it. So the most popular Equity index is the S&P 500. So you always hear about if you watch CNBC or even watch any news they say, oh the Okay, we're up five percent nine times out of ten. It's all about the S&P 500. And so that's to be 100 is 500 stocks, right? So to to trade it to trade 500 stocks, especially if you know, you're not the hugest hedge fund or you just client that's really complicated. What you could do with us is alright. Well, we'll give you a contract that gives you the same Return of the 500 stocks will take care of like buying all of them. And in what you have to do with us is you give us an interest rate. So we're going to say, all right. Well you pay us. 3% what we used to call it as Libor so libraries the London interbank offered rate, which is basically like it's almost like the international federal funds rate. It's like the set rate like sometimes you hear about people talking about all the FED is going to raise rates whatever. This is like the international version at so you so the hedge fund says I say that hedge fund. All right. Well, you want the return on SP over a year. I'll give you that but you got to go and pay me, you know, 5% some like that for So of the S&P goes up above 5% that's a the S&P goes up 7% 7-2 7-2 7-2 5 is 288 doing well. The S&P is B is below 5 percent then they're out of money. Right? So it's kind of like this weird. It's almost like a bet so to speak how much money was being traded on that. So yeah, I mean no more transaction with these clients would be 500 million 1 billion. Yeah, and so they'll call us up. Like I want to move five want to move a billion dollars worth of S&P 500 and we would take that trade from and you're doing it at 22 years old. Yes. You do not every every day every day. Are you saying from 9:30 to four straight billion dollars every day, basically. Yeah. So the reason why I say that is even if the average person probably would never invest in this type of investment. It's important to understanding under know right. We had a - cash or was a great interview for us and he spoke about When he worked in a bank has to be the CEO of a credit union, they spoke about when he was on behind the scenes at the bank and he started to see that wealthy people had a team of people that was working for him. Right and so much stuff that the average person black white Chinese. The average person has no idea what happens right? But this these things affect the world right and easy and it's so it's like a small group of people that really affect the whole world, right? So that ties into your the Lehman Brothers going bankrupt. So people I don't think people I fully understand or maybe they forgot who we have short-term memories, right about 2008. Right? How did this how did 2008 happen when if you're not familiar if you're too young that's when the financial crisis hit we had the worst recession since the Great Depression stock market was down like 40 percent housing market crashed everything just fell apart, right a perfect storm and then the banks big Banks had to get bailed out course, so what this all started because it was in England. It was it was a trading block. England right that was doing Prime mortgages subprime Mortgage in Oz u.s. Exactly. Yeah that was angling. It was a u.s. So, you know investment being a split in between a couple of different divisions. So there's an investment banks that kind of helps people go public like the IPO and stuff like that and you have the Capital Market side, which was I was in and you split that between fixed income and equities Equity just means stock. So my side was talking about was doing stop but the other side is where they focus on bonds mortgages a bunch of other things. And so what they were so the way that mortgages happen if I go get a mortgage from like Bank of America or something like that Local Credit Union, they give me a mortgage and then now they have they are basically a creditor to me, right and they take that but they take like a thousand of me and he put the mortgages together and you go to Lehman Brothers and some other bank and he let your packages together and sell it for me. And so what Lehman Brothers does it give you the up front. Honey, let's say let's say you just a give you a mortgage for a house. That's like 200 Grand whatever and over time people pay interest and stuff like that. Maybe I don't want to wait 30 years to give my money back. I'm a I'll go to Lehman Brothers. I was like, you know what there's two hundred grand is 200 Grand mortgage also to you for like two hundred ten Grand. And by the way, I got a hundred of those put it all together and then what Lehman Brothers or all the investment Banks they take it put it together. They chop it up and they sell to different people right? But if If the mortgages so but the way that they price it is the risk, right? So there's people that put 5% in their homes and people got five twenty credit crumb, you know credit scores. Some people have 700 credit scores those things based the market says, you know what I'll pay you a premium for the good credit people. I'll pay you a discount for the background people. But if the people in the middle are not communicating straight what the underlying assets are right or what was happening at the time. Had a you had a real estate market without was going up for so long. So that people people that people would like 500 600 credit scores and making only 50 k is made if they didn't come right we're getting houses that were like half a million dollars without we not to cut you off but we cover stated income. We didn't really talk about stated income. So people might want to meet them. They didn't come with a policy in the mid 2000s where you can State your income. So if anybody's familiar with the process to get a mortgage, you gotta jump through hoops to get a mortgage right? You gotta like Like bring you your tax documents for the last two years and yeah, bring all kinds of stuff. They got to check your credit all that but in the mid 2000s it was you just walk into the bank and you state your income and whatever you stated your income. That's what they said. So you can say I made a hundred fifty thousand you can see I made it half a million half a million. You can be a gardener and make $15 an hour and go into a bank and say I make $500,000 a year. They take your word for it and they give you a mortgage place for a million-dollar home. People with doing that it was crazy. Yeah, once we say and that's and the only reason people are doing that is because they didn't have to hold the back right like they were like, all right, because if you are a bank and I give you I mean just think about anybody if I give you know that person my homeboy alone and I know he does have a job. No, he can't pay me back, but I have to wait for that person to pay you back. I'm not a probably give my homeboy alone, right? But if I knew I could take my homeboys loan and pass it to somebody else and they are on the hook for and they To worry about collecting from him somebody left holding the bag. So that's what happened because of the capital markets you were able to do that super efficiently and that worked for a few years because the older real estate prices are going up and up right because even if if I have a loan against a house on a person can't pee in the house goes up. I'm good. So I'm okay with that right or that person is okay because they're more likely to pay me but until that stops, it's like musical chairs, right? So anyway, Lehman Brothers was a leader in that basically they took those Package mortgages and sold them out. But what happened was it's good when you could just pass them out, but then when you can't liquidate them as quickly and then I you holding the bag and then real estate prices go down then people default. They're not paying their mortgages. The houses that are far behind the mortgages are not as valuable, right it becomes as the cycle and then now Lehman Brothers now The Umbrellas has bad credit on their books from the people they can credit to and Pete. Don't give me your brother's credit right then the stock market. It's like oh, I really impressed can't get credit. Then it becomes as this spiral trickle-down effect. And Italy umbrellas has a transaction with bear Stearns and best turns out the transaction with JP Morgan now people like, oh actually I know you I know you The Umbrellas remember I was campaigning money and I know Liam bozos you so now you screw to and now I'm not going to buy your stock and everything kind of just went in a cycle so that they don't you already sound like the cut you off, you know, it sounds like so It almost a Ponzi scheme, right? And if you understand how Ponzi schemes work, you only really get screwed in a Ponzi scheme when things go bad. It's not a lot of people make money in Ponzi scheme Like Bernie Madoff. Right? Right, if you invested early with Bernie Madoff you made a lot of money. Yeah, right because the thing about it is he's taking new money and he's paying the old investors then he's just kind of repeating the process, right? It only goes bad when people ask for their money back in bulk. They don't have enough to cover it. Right but as long as nobody really asked for that money and Bolton you can keep that thing going he kept he kept his the scam gone for 30 years because nobody really asked for anything you giving people 12% a year. Why would you ask for your money back? Yeah, you'll ever session Heavens. Well, that's what I'm saying. So it's all good. When you when you had your these kind of beds until it's not all good anymore. Let's all go to the sky. That's why today. So how quickly did did these guys go under? Like, how could I have been like in a couple of months, right? Well happened a couple of months but like I guess oh seven is when things got a little bit hairy, but then like things stabilized and it early. Oh eight. So bear Stearns was a workers want to go down so bear Stearns going down probably like the first quarter of a wait Liam Brothers was you know, people stock just started going down. So start stockpiling was trading in 220 hundred 40s and like throughout the years just kind of kept going down and I don't love you you guys cut cover this on your podcast previously, but basically, Lee there's these people are called short sellers you can basically bet that the stocks going you haven't covered that. Can you talk? Yeah. So basically Short Selling is like it's weird. But basically what you do is you you say, alright, I think this stock is going to I think it's company sucks. I think it's kind of stop slow down. I'm gonna go to my broker or to a bank and say let me borrow that stock. I'm going to sell it and then I'm going to buy it back later on at lower price. So the stock is at 15, you know, you know, the company is not making money. We think the Cubs not making money. You say all right. I'm going to buy it back lady. I might buy it back at 25. I bought it at borrowed. I sold it at 50 bought it back at 25. That's $25 profit. All right, and so it's actually reverse because obviously usually what you do you bother you. So in this case you sell that you buy and the way you're able to do it is because these firms will take other people's assets like other people stock and lend it to you. It's similar to how people take people's savings account and use those loans. All right. And the question is why would I bring do that? You actually pay interest rate on that money through while you have a short yet because that's all the big short you've read that book. Yep. Make sure the movie to yeah, that's what these guys did. They made a bunch of a bunch of money or boatload of money from shortened. Yep. They were sure that they're shortened his mortgage assets. Yeah. They've been looking at this what happened? Yeah, exactly and you went to Wharton School of Business, right? That's right. Yeah, so Warhead that that comes because of what happens at least. Yes. I've only Min and I you know at the time I thought I had a maid I was going to be working in that place till I was older stacking bread maybe investing on the side but like I thought I had my career made but as that was happening I was seeing what's going on. I was and also what I what I think about investing training particularly, you really don't like your skill set is your skill set. You can take anywhere else right if I traded that one thing I can't even go inside. A bonsai after that like dhoni jobs I could get was at another bank doing the same exact thing. And guess what? No, no we're hiring and you know, like I said, I want to CUNY Brew college and was a great school great education for the money, but I felt like that was a time where I really need a network. And also I need to kind of think about where I want to take my career. I want to do something a little bit more. I have more control over and I because I decided to apply business school and I began to worry and and what their yeah, you're the third of person who's come from. You're the third person that's come from Warren as doing the podcast. Shout out to Brandon Copeland Yep. They're in Ferguson and Eric Ferguson. Those are all both great episode alumni who got a lot of pressure to live up to. All right, but also wore anything by is not familiar is one of the best if not the best business school in the world. Not just the country the world so we have the third or an alumni here and he just gave you a very good breakdown of very complex trading. So you just got to Ivy League. Education in 20 minutes URL Universe once again, once again, we we provided free education for you guys. So you're welcome. So now we're going to go into the second segment. We're going to talk about cryptocurrency Bitcoin and everything. You need to know about it. Are you currently paying off student loan debt interested in improving your financial literacy are looking for new ways to earn income and today's ever-changing digital landscape. Well on the talk money with the mesh lakhani podcast mesh will follow Paper Trails chat with experts break down complex ideas and bring Clarity to the mystical Financial phenomenon. Each episode will be filled with compelling stories covering a broad range of subjects. From buying Bitcoin dealing with student loan debt and everything in between. So listen to talk money with mesh lakhani on Spotify or whatever you listen to your favorite podcast and learn how to spend invest in learn in today's economy. Alright, so now we're going to go into where everybody's been waiting for. We're going to break down cryptocurrency for we going to cryptocurrency. We gotta tell a story or tell our own personal story about crypto roll involved. Yeah, so if you know You if you listen to the podcast, you know that a our theme is transparency. We tell you know are real stories in real life and our guests so their real stories and we also have the slogan of all money in child to nip rest in peace, but it's real because we really tried everything I one point in time. We literally tried everything. Yeah, like I know exactly who tried everything. So here's the story on cryptocurrency, right? So 2017 right? The draft we got to take it back to the draft the 2017. So Jonathan mentioned shot down at the Mitchell right Hometown hero and we were at the Barclays Center because we're good friends with his family and they invited us and we were active sweet when he got drafted into the mess. Yeah. Yeah, once again the next screw that up into interactive. We were sitting there like, you know, the Knicks had a chance to do it worked out for them. That was like, I think we got a chance and yeah, that's what we do Frank Miller Keen. Hey, it ain't drafted but he got the pie Utah. But anyway, we was there with his family and one of our good friends. I know shout Inez. So heart kid went to a private school and one of his friends. This is why networking is so important right people that you meet. His friend was like a 20 year old kid, right and I just met him and we just talking randomly. Like what do you do for a living? I'm a financial advisor. So we just start talking mind you he's 20 years old at this time. Thank you like a freshman or sophomore in college something like that and he's telling me he's like, you know, I just bought this. Um, etherium he's like I put 20,000 into a theory and I thought put 10,000 to eat barium like five months ago and it went to a hundred thousand. I cashed out. He said my friend put a hundred thousand to ethereum it 1/2 a million. He cashed out. He started a hedge fund. It's 20 years. I don't know what I don't even think you might have been 20. I think he was eight. I think something like that as a graduation gift. Yeah. Well, you know that and that's the power of family, of course, right? He wasn't from our community. That's for damn. Sure. So when he told me that I told you more I'm like, well we got like what's this like this? Could I heard about cryptocurrency heard about Bitcoin, but I only hit by Ethier him. Yeah. I'm like hold up wait, like what's going on here? And I that's when I started studying it but I still was kind of apprehensive. I ain't really sure so then I see Bitcoin. I'm just studying it. I'm just a student of the game and like October. I see Bitcoin start climbing and went from like 6,000 to 1,000 no, I went for like three thousand. Yeah, it was like 4,000 to like 5010. I call my man shot. The Jason Lewis. I called him and he's a bit coin expert and I'm I okay tell me everything. I need to know about cryptocurrency. He educated me for two and a half hours and I asked every single question that I could act like a thousand questions. Every question. I had educated on me on it and I was like around November. Yeah now it's like November actually late October. It was late October. No, no. It was November some II cool. So I found out this app called coinbase where you can buy cryptocurrency, right? So he educated me. He was telling about the like three biggest currents got that time, which is like coin Bit Coin and they're really very young. So he's telling me about it. So I'm II, you know what I'm going to put my money in I put six thousand dollars and I told a group chat. I told the guys I might look I put six thousand dollars and I spread it across those three coins. I'm like, I'm not telling you how to do this. This is Maya I feel comfortable. Using yeah, because it's a it's a risk like I feel comfortable losing it if I lose it, but I don't know what's gonna happen. So then me and Jamal we go to Asia for a month, right? This is now December. Yeah, we want to agent 420 420 days in December 1st. We left 20 days, but don't let that go over your heads 20 days. Now. I've let a lot of that a life. You could write a book. Well I'ma write a book so that Allah is done, but we went to Asia with with a return ticket. We went with a ticket there and take it back and two nights in Bangkok. That's it for 20 days. We were going to figure out as we weren't we just winged it. We want the five different countries just winging it as we literally winging it like we buying hotels at the airport and you just figure it out day today. So I'm in Asia and it just so happened as fate would have it. I brought into the crypto space like one week before I started to Skyrocket with anybody not familiar November December of 2017. 2017 is legendary. Crypto world like everything went up like a thousand percent a hundred bucks. Like it was crazy. So long story short. I'm in Asia and I had six thousand dollars invested every single day. I'm waking up and I'm just getting five hundred six hundred more dollars. It's going up 7,000 8,000 9,000. It's just dopamine. Yeah, and I will tell you how now we're not sleeping. Yeah, and I'm more focused on that than anything. I'm like, this is crazy. I'm like, I'm about to make a million-dollar before summer. So then Troy starts. Oh, I'm I'm telling the guys. I'm like, I'm sitting screenshots. Like I don't know what y'all doing. I'm getting money out here. So Troy is like he start studying it like he stopped one thing about Choice good with research. So he start studying it like he's up all night with no sleep and he starts telling me about all these other coins Tron and all of these different things and but meanwhile, I'm think I'm doing good cuz I'm going up like a hundred percent 300% 400. He's like that's not enough you like. Yeah, you earn it, but that's not enough these other coins going on with thousand percent. Yeah. Thousand percent. He's like you got to come home. Like I never figured out the hot colors. I was in Hong Kong and he called me like, come on guys. This is this like fact right? So I heard about Bitcoin prior to all this right that was in this the the music downloading Services right here for you. So at that time the US has said early 2008 will I go they're going to prohibit illegal downloads, right? So the people started coming up with web sharing sites like Megaupload rapid shit. If anybody downloading music, you know those sites and one of the things as far as payment was Bitcoin, right? And there's no way that the government can track you something like that sounds pretty cool. But and then I never heard about it again, right people using it. I kept seeing it. I never heard about until like November and she's like yo, I'm putting money in like he's like two weeks from leaving. I'm like, yeah, whatever and then like you said, he started texting us. I'm like, no just so he actually make some money. So now it's like now I got to figure this out. So he leaves and I'm like still trying to figure this out. I'm studying studying. And like I know if they get I read the art of this article on this do Justin son who created Tron TRX. Yep. So I'm like, wow, this guy has a vision for currency like he's going to do it through video games. All right. I'm thinking like wow like Gaza War like these are these games where it's like it's not real money anymore. People are actually using currency inside of games. It's like how before Fortnight of course it was like yo will give you a game for free but you'll buy things in and I'm like, all right. Well, how do I get this? Right? So after I studying right? I knew coinbase and I'm like just gotta be more to this right because I can't even find TRX on coinbase. Right? And so I study and then I hated this this company called by Nance when I went to but I'm telling you it was like 3:00 in the morning. I had to wait because they won't like yeah 12 hours ahead. How many 12 hours I waited. I said listen get them all gotta come home. I'm sorry. Yo book a flight back. I found something. I said boom like that as a fact we found something he kept talking about trying like Tom II don't know me about Ron I got to look like less than a cent. You know, it's funny. You're literally, you know, you were like in the home which are ya the right spot. He just had to find that Community with is that it was pretty I remember it was it was Hong Kong please Uncle in the background was all these lights. That was Hong Kong. I'll tell you. Oh, come on Jamal almost died of different day. He almost died, but I was in Hong Kong by myself and I had all these lights in the background you like come home. I'm like, I'm in Asia. I'm having the time of my life. Come home right now. So he all so he came home and when I got home first thing I did I came to his house and he educated me on how to like buy coins whole process. We're going to talk about that. Yes, but how to buy coins how to put the money in all that stuff rocket caps all that. So then I so so anybody that knows me know that I kind of have an addictive personality. I've never done any drugs in my life and I'm a light drinker, but I very compulsive it's worked out a lot of times and don't say Been very bad from your lights on but I made very compulsive decision. So when I started I started making money and I'm like, okay. So now I educated myself on what we call or coins will explain that later to yeah. So then I just I'm like, you know what I just started bawling days after I like buying coins and doing it in ours it was crazy. So but I like the first week in January my 6,000 grew to 28,000. Yeah, $28,000 in a month 6028 a month and I'm feeling like Warren Buffett. Vincent we said it to ourselves like yo, if we don't make a hundred thousand by June we did something wrong. No, I was telling if it's don't know how I told you. I was planning on making 800,000. Yeah in crypto for that year we calculated for the calculation of the whole thing. So that everything way everything fell apart. Not yet. All right get no no early January it went it went down but then it came back like late January like I went back we're back right and I said, well I fell apart. I put more money in my I'm about to dip and then it fell apart again and I put more money in as imma buy this dip and then it just completely collapsed and yeah, he gave up on the space. Yeah, so but like I said this bill I said this I said look if it was gonna die. I wouldn't write and one of the things I heard that was powerful to me is CEO of Ripple said this he was like the reason that this is going to work is because if you think about money, right, what's the Fastest way to get $100,000 from San Francisco to London. How do you think this is Curtis crypto? He was like the fastest way in today's society, right 2018 at the tones. That flight is to get on a plane to fly. Why would that money to London? How is that work in the world of technology? Right? That's why Ripple and all these other old coins and Bitcoin that's why it's going to work and when he said that I'm like nah, I don't care. This is gonna go down. This is not going anywhere sure. I so like one of the things we did to and shall we It was like we were like look, we're not letting anybody get that on a boat. Like if they missed the Cyber bubble right in the 90s, right? If that is this we got to make sure that we get the Google we got to make sure they have we get Amazon and we don't get stuck with excite.com. Right but we're not leaving anybody. So I was like, yeah, I'll call everybody. You know, like we're gonna call everybody we know so we can tell them how this works and teach them and like we made Matt phone calls. It was like nobody wants to learn no. Nope. He weren't my players. I know I'm good. All right. And now we gave you my story. It's a tragic story. Why not? It's a learning English. What's up, y'all? So if you're listening to this you obviously like podcast and you're probably like music just as much on Spotify. You can listen to all your favorite artists and podcast in one place for free. You don't need a premium account Spotify has a huge catalogue of podcast on every topic including the one you listening to right now on Spotify. You can follow your favorite podcast. So you never miss an episode premium users can download episodes to listen to all Line wherever you are, and it's really easy to share what you've been listening to with your friends on Instagram. If you haven't done so already be sure to download the Spotify app search for Ernie Leisure on Spotify or browse podcast in the your library tab. Also, make sure to follow us so you never miss an episode of earn your leisure again. So, all right. So can we talk about crypto list Art 101, right? What is cryptocurrency so cryptocurrency is digital asset that lives on the internet that has value and what is the value come from? It comes from people saying as value, right? Is that simple? And so and it's that simple because also that fickle based on what you said, right? And the question is I a lot of people say our house. In the currency, how is anything the currency than anything is the currency because currency is not be back by 8:00 is a belief right and it's a belief that it's if more people believe that is going to go up in the future. Then more people by it's a supply and demand thing and that's what kind of moves it. But yes, it's a digital asset that lives on the internet and there's you could transfer it without any middleman. So you don't need the experience is similar to like a venmo experience Zelda. Parents or whatever cash app experience. Peace. If you don't have cash you don't have cash up in the middle what's in the middle is actually a community of people that validate every transaction and it's all right. So that's the definition of the blockchain. Yes. The block size is validated by the blockchain exactly. So yeah, so cryptocurrency put the name was a little deceiving because it's not really being used as currency right now small so above an investment. Right? Right. So it's an investment because due to people due to the the way it's moved and Bitcoin. Being the first cryptocurrency. It's moving up and down just based on the the store. You just said people don't want to use it as a currency. So what it's made to be a currency. It's made to allow people to move money back and forth. But because of the way it structure so Bitcoin structure in a way where there's a limited Supply right was a seventeen million 17 million now, but Max is 21 million. Okay, so people are anticipating at that point that's going to be worth a lot. And so it's kind of transferred from a currency to more of a digital goal. So it's like it's being viewed as a commodity and that's right value is exactly right? So that's what Jason told me. Yeah, so all right because this is something that's interesting. So people say like well cryptocurrency is in thin air. It's not physical. It's not backed by anything and I say neither the American dollar. That's right American dollar used to be backed by gold but I think in Nixon he changed it a rule to go standard. He removed the gold standard. So now the American dollar like most all dollars all over the world. There's only backed by the Faith In America still by Mark American dollars only back by the faith of the people right people think that it's worth what it's worth. So at any point in time when the vast majority of people who think the American dollar isn't worth anything. It's not worth anything right? Because I mean like you said what Bitcoin there's a limited Supply once it gets to 21 million. There's no more right? So the value of that will go up obviously, right? So that's why you get those projections like Bitcoin will be worth $500,000 for one coin. Right? Whereas a dollar they can make a million of those every Exactly. Okay. So like what's the real value? So Bitcoin that's what most people have heard about Bitcoin and cryptocurrency Bitcoin is the the first crypto the granddaddy of cryptocurrency started by shidoshi Satoshi Nakamoto. That's right. Anybody found them? You know, why father is lot of people claiming that yeah. Nobody knows she loves you. It's the real world Nakamoto. Did I say that correctly? If he really existed or if he's a group of people or if he's one person or if he's still living, who knows but he he's the founder of crypto. Yeah, right because he made Bitcoin right then from Bitcoin. You have thousands of cryptocurrency over 2,000. You have a whole bunch of different Affair IAM to Ripple and it all kind of serve different purposes. So you have some that are like for just music you have this like all kinds of different things like websites now like you have a website for Everything you have a cryptocurrency for everything. Well and you have so like from those right? They're not the top three. You named Bitcoin etherium. Those are like platform. So people build on those platforms, right like you Therrien like a bunch of platforms are get built on there was like a digital computer. Right right, you could build on top of it you could in theory were introduced the concept of a smart contract. Right a smart contract is basically a digital contract that says if then if this happens then this Ins right and the way I like to illustrate is a vending machine is a smart contract right? Like I don't need like I go to the corner store and get a Twizzlers. If I go to a vending machine, I put a dollar in there's cold inside and vending machine that gives me the Twizzlers the immediately and etherium takes that and makes it a whole nother level right? If you think about the internet most of the entrance like most any website anything they have the way it works is if then if then stand If I like going to gmail.com and I put in my password if the password is good, then it gives me access if the pastor is not good. Then it tells me you got the whole batch got three more times to get the first exactly so the theorem was the first time to take that that code and put it on the blockchain makes it makes it decentralize because like what I just explained the keyword tools, right? Right. So Google centralized I get lives like the the way that the code Works lives on Google servers and Mountain View in Nia obviously throughout the world but like that is where the Hub is that vending machine like that code is in that vending machine, but the way that blockchain and crypto is done it actually distributes the cold around the whole world or whoever wants to be in validator and then that's it and so it decentralizes it makes it Democratic and it makes it Limitless as well as borderless. Yeah, that was one of those those keywords in that space decentralized and it was like If you think about it, like a company like Google right like a lot of times in this coming up in the news now that you know, the federal government is looking into him, but that data that's being sold right there like the middle man selling it. Right? Right. That's one of the things with this space is like there is no middle guy. There's no middle man, you know, so it makes it the middleman is everybody right? Well, the one thing and that's one thing that I said, so when I first my first reservation before I started investing in cryptocurrency, I made a video on Instagram and it was my On bitcoin right? Because everybody kept asking me my feelings about Bitcoin and I said this what I said was I think it's a good idea in theory and I think that is dope, but my biggest fear is that governments control currency and at any point in time when governments feel that they don't have full control of the currency or it's not benefiting them then they'll stop it. The one of the reasons why cryptocurrencies really fell in 2018 is because governments across the world cry. Down on us it's hard China China China South Korea. Yep. They just said it would not you can't trade and then like if you were in the United States like this was we ran into this problem to it was like we couldn't Buy on certain exchanges. So like one of those things like you said like as far as like stocks you can go to different exchanges same thing with the this space right? There was like Finance was the number one, but we had cryptos a crypto Topia protocol metadox, all these other hand some of them we couldn't buy because we were US citizens. Right. So we had to drive you can invite icos right? Actually. That was yeah. That was yeah, we're lost money in that one. Yeah, so she owes us. And yeah, so I still with the equivalent of an IP also like that's an initial coin offering so when these companies are coming up with ideas, right they need funding for it. They can I see it is important to illustrate why so many coins could exist. So it's over 2,000 cryptocurrencies right? Now. I said you could actually create an e yl token tomorrow, but the reason why is because It currency is cold in the code is open source, so I could go and actually see how Bitcoin works and I can actually create I could change the b2f and make it fit coin and Fritz coin. Is that the white that's the white paper? Yes a white paper, right? So that's how it start. That's how Satoshi Nakamoto the group or whoever this individual. Is it Bitcoin was introduced through the introduction of white paper and a white paper basically was like this cold / business plan that said how it works how the code works. Everybody could see which everybody can see exactly how it works. So anybody can pick it up and copy it right? But just because you pick it up and copy. It doesn't mean that people want to follow you. So you need a community behind it too. Yeah, so like that that's how you get these other coins. Like if you look now on a on like coin coin market cap. Yep, you'll see like a Bitcoin gold or a big radi like they'll say like, hey, we got that cold from their white paper, but we're going to make it even better. Yeah tweak it. They'll take it. That's why there's like a million different in the nothing that was told. She did was he he made it open sourced. So anybody can change the code. It's an ongoing process of Bitcoin is changing. Anybody could really you could change it. Right? It's not something that's set in stone. Right if he did that so his vision and how I see it is that his vision was to eliminate the world Banks and government from like they wanted to make it peer-to-peer and also open source evolving whereas for the people who actually find another goes back to My story like Lehman Brothers, he's great in 2008 it he was these it arrived at out of the community of Libertarians anarchists. So people that didn't trust the government and there was level high high distrust amongst people from the financial system in general just because we want Villas went down and he had a community. He said listen, I'm a create this thing that doesn't need Banks like we could actually work without banks we grew up without the government and we can transact to each other. Trust us and that's that's kind of what we're the fervor came from. Yeah, it's crazy. Yeah, I said, all right. So so read a lot of white people's meant a lot of white that right. So, all right so tax, right cause that's what you're doing now with the tax, right? So that's another issue because everything is so new that the government's trying to like catch up to it. Right so we know how like real estate is tax a certain way stock. Taxes are always called capital gains tax. So can you explain the taxes on that? Because that's that's what you're working with now, right? Right, right. So I'll work with a company called so context and so the easy explanation is like Turbo Tax with crypto and so crypto if you trade crypto is very hard to calculate your taxes because the assumption is that alright I go from let's say you're from the US I go from dollar to crypto and then I go from back to crypto back to Dollar that when I have to pay taxes, but actually when you're in the crypto world like we said as well 2000 cryptos you could trade for from crypto the crypto and you actually have to catch all those things are taxable transactions. It's as if you you saw one for the other the government actually looks at that as a cell and a by and also there's other things are you could actually work for crap don't get paid in crypto. That's taxable. You also buy things in crypto and you that's also a taxable transaction. So all of that is pretty is complex to its calculate. Yeah. And so the company I work with this software basically hooks into all the all the while it's all the exchanges and pulls in your transactions and and converts the doll equipment. So an example is our a go from dollar to bitcoin and actually Bitcoin to ethereum then I trade from a theory and back to maybe Ripple right? I didn't go back to Dallas. But all those three transactions are taxable because when I went from Bitcoin to bitcoin to eat there there I have to actually look at the USD. You of Bitcoins from the each time and convert it back even though I didn't go into Dallas. So we allow that calculation and the government is I mean, there's put on article last week where they're going and start taxing. They sent out 10,000 letters to people. Yeah, so going back to how crypto started obviously with there's a lot of anarchists Libertarians and a lot of these people are like anti taxes because they don't trust the government influence the government's doing the right thing and people was were under the false belief that you don't have to pay taxes on crypto. But when I think one of the one of the things that they created was transparency in the blockchain and so yes the transparency bugs Evan back, but I rest also ski see that those transactions to right so you actually are exposing yourself. So you actually have to pay taxes on that. Yeah, and what's coin coin camera? So coin gamma is my own media platform. So it started with an app that I built as a side project in 2015-2017. I expanded it to a Blog as well as a podcast. Why any of you leaders in the space? Yes, and just provide education and so what we do is we write about the space. We offer educational content. We interview leaders in the space, and we're actually going to start coming up with a digital courses where people could kind of learn to treat each meal. Yeah, so I've taught some some in-person classes. So I've taught in person classes in New York City. And also I've taught at my alma mater. So I've lectured at Wharton as well as Brew College around crypto on blockchain, but I'll be doing some My courses over the next few weeks. How do you invest in crypto currency? All right, I mean depends where you are. But if you're in the u.s. you take it you have to take it dollars. You have to be you have to transact on Exchange that actually takes Fiat which is dollars and converts the crypto. Not most exchanges actually do not do that. So you mentioned Finance earlier finances and take dollars right most relaxed, but there are some major changes in the u.s. That take dollars and converted for you and it's similar to like bye. Buying something on PayPal, right? So coinbase is the most popular another one is rot is is Robin Robin Wright. It just happened in New York, right we got another one is the cash at all. Right. So if you've used the cash, you have to pay friends and family for you know dinner or something like that. You actually could buy Bitcoin the same way, but if you wanted to buy another cryptocurrency, so if it's if it's a cryptocurrency, so now all cryptocurrencies on every change so there's a crypt if it's so Base has a limited supply of crypto cryptos same thing as same thing with the other apps are mentioned. So the cash app as well as the Robin Hood app, but if you want to do some of the other cryptos you actually have to basically buy the Bitcoin or three or more on coinbase, then move it to the other exchange, right and then you can transact all those change and that's how people get caught up. Yes. It's extremely complicated Aureus vit had a legendary line say should we for Laughs me? Not a freshman right actually Cryptocurrency don't play around with it. If you don't understand what you doing there because there's been plenty of days but we got calls like go not money didn't go through what happened what happened? Actually it's probably gotten more user-friendly now, I'm looking at anymore. I have my money invested, but I don't look at it. But at one point I was looking at every day, but it was extremely complicated when we first got in because you had to like you said, you can't buy cryptocurrency with American dollars. You can trade dollars for Bitcoin. Ordering a boy theorem or Litecoin and coinbase at that time here and then you can buy the other coins. It was mainly Bitcoin or a theory. Mm. That was some of them you can buy with Litecoin almost from so you had so let's say you wanted to buy try right you had to exchange American money for Bitcoin on coinbase from coinbase. You had to send your Bitcoin to finance exchange and it went now is in financing then now it's in finance now, don't you skip the stuff? What is that Trent that the transaction speed was so slow, which is one of the things about Bitcoin so you have to so let's say you Thousand of $5,000 right? It would take maybe a half hour before it even got not Bitcoin was ODI member. What kind of Bitcoin took me 5 hours. I'm like, where's the customer service? Like, I'm like, no because no one always crazy know what the great thing real? Cuz I mean if you if I was too if I was on the venmo Akash have and I sent it to them all person. I could hit up cash app and say, you know I sent to give me a chargeback if I sent if I bring America and I put as wire the money wrong person. I can call bring America. It may be a mistake because this thing is decentralizes owned by you and its own you also mistakes live with using a black hole not so today. All right. So now it's in finance and then from now you have to buy Tron with the Bitcoin in finance. So it's like a three-part process. What happens is that and then you had someone you send it. They send you a code. It's a code that you have to put in to send it to one place to another this is something that Is extremely important as it happens, we have it to me on my birthday two years ago. I was I sent $500. I was trying to buy Bitcoin gold or was it Bitcoin casuals? Not a Bitcoin by the bit put Bitcoin cash good coin couch on buy Bitcoin cash, but I put the code for Bitcoin. Yeah won't story short. I sent the walk away after I said, I'm like damn so I go back. I'm like I said $500 by sent it to the wrong address. I'm going sorry buddy complain to nice going. It's not as nobody track. It. It's just it's in the universe. If somebody has gone somebody lost like 21 Bitcoins like that. Yeah, they lost 21 Bitcoins because they said they sent it to the wrong address of something and just gone it's crazy man, but like even like that it was like there's so many steps to it. Like this is not like we weren't sleeping. Legitimate sleep and it was like, you know what? I'm not even do this transaction to the morning. But by the time you wake up the value could have gone up by like a thousand percent. So so so because of that, yeah, you probably do moving so fast and frantic cause you know, I got to buy this guy by this and that leaves you open to making those mistakes, even if you are sharp now, it's moving like a fiend my caffeine like it was like we got to do this right now. They just did so I'm like halfway like week trying to do this on my phone and it's like damn like I didn't really have time to really think about About it, but it you become addicted right? You can't it's very addictive especially at that taco. There was so much money being made and it was moving so fast and thing with crypto is that is 24 hours. It's like the stock market on steroids stock market they close their you know, it's way more structured cryptos like the Wild Wild West no sleep. It's 24 hours a day and you have both these Caldwell's. Yeah, and he's whales are like, these are like the big dogs like the Marcos really kick is really controlled. It's like all things even though it was made for the people. It's only controlled by like a Handful of people who have millions billions of dollars and they move it they moved the market so so crazy and they sell their Bitcoins Bitcoins on drop exactly right now. They know they know what they're doing. So it's like it's hard to day trade in that space because you get eaten up right here, you know, that's just that's why I say like, even if you sit in front of computers, like you can't watch them all like it was watching. I mean, this was like no sleep before like two months right like you get text message like a group chat and be like, I remember we're trying went from less than a Penny to like 15 cents, I would like to thank you text with just coming in. I'm like, I woke up like yo what happened? Like right I missed it, you know saying knock it off or try to sense. Yeah, and it went to 38 cents. I think it's the highest that it got to his 38 cents. So that's why I like I said what I went to swarm from 6,000 to 28,000. I had a couple II Broadripple at like 90 cents and I sold Ripple act like three dollars and fifteen cents. So it was like the Good Times Rolling could toss was rolling. The good size is rolling, right? All right, so can we talk about like you said? Okay. So now we got establish of how to actually buy a how do you evaluate coins? Like how do you know? Which coin to buy? How does somebody do that? Yes all when I think the space is early none of that lot of these things are moving. All of these things actually product, right? So people buy these coins out. There are raising money on a hope, right then they're going out there and they're pitching like a white paper, which is like their business plan and they're saying all right. Well, if you give us the money and you get a coin and you will be able to use it for x y&z and you have to study that you have to look at the technology right because sometimes some a lot of these coins actually are like you said you took a Bitcoin gold become caches. Like a bunch of Bitcoins is Litecoin. There's a bunch of coins actually are trying to do exactly what the major ones are doing. And what they're doing is tweaking it and say all right, we're going to be faster even more secure all that kind of stuff. And so you have to figure out whether that story resonates with you, right? So you have to study that but most importantly you could believe that but because of supply and demand is actually you need other people believe it to write like you could believe in that new Christian or is Islamic religion or that New whatever religion right but you may be only person at church or mosque or the other or whatever by yourself right unless other unless you bring it so it is very religious insert inspect because it's their Community aspects because of the value of these of these assets are them going up. So you need more people buy it or they're able to be used among among the community between each other. So if you're the only person that that if you get into it, and then people don't follow you Or I commuters and follow you then they're not going to go up no matter how strong you believe it to be. So you not only have to analyze the fundamentals of it. You also have to reroute other people think about so a lot of research is actually spending time on Twitter spend time on Reddit spending time on these apps like telegram Discord where people are talking about it and seeing what the energy is like and so it makes no sense to have to make your investment decisions based on what other people think. In this space is just the way it is. Now. They got they got the whole terminology like hold total total hoold lho DL and they're like, yeah to the moon was like rocket. It was like when something was going up to the Moon. That's when we know what they called those all coins shit coins as a whole this whole Queens with just any coin outside of the top three really basically. Yeah. No, it's a whole culture cryptocurrency was a whole culture. I mean, we study it down to the T, right. When we started I know Shady when he's amazing with numbers, so he started studying the market caps for each one. And then after we saw the market cap some sort of coin Supply rights. Like I said that you know, they have 21 million. That means I go in this space that's pretty limited. Right but then you get a coin that they'll come out as like there's only 2000 of it. Right? Whereas like ripples likes was around five something like crazy billion isn't like that. Yeah. It's crazy not taste like you can see like hey, what's the growth on that? The 65 billion is only at Like right now is probably fifty one Senators like well how high can it's really go? This ain't gonna be a $20.00 to many but here's the problem with the show, you know, we talk about the Fiat currencies like the dollar euro Etc and how there's each country. They have like a Federal Reserve that create Unlimited Supply Bitcoin doesn't have like a group of people. All these other coins actually are centralized. So they actually a little bit more like Fiat money. So yes, they could go out with a white paper says it we going to limit it but there's been quite Is that like they were out and like the these the people that were behind it or the company behind it decided to just change the color. We're gonna do more they are we gonna do more right? And there's no s you know that it's a wild West's there's no sec to like stop them his legs a lot. Of course, you know in 2017 a lot of coins, you know, raise all that money and they were supposed to come up with things and they bounce right? I filled up my money. Yeah. It's scary. But like I think one thing that you know, Richard talked about earlier is like like you put 6K is like that wasn't that was what you could lose like even to this day. Like I don't put money you can lose like do not and that time that I would get texts from people like hey, like my retirement is not right by putting money as our time it is the time and like not only play with what you could lose now. I don't don't play with the big boys. If you're not if you're not ready man, because like I said now that's real talk. It's harmless we don't have control over this. Yeah. It's very and without control of anything but especially critical Because it's very thin it's very thin. And that's one of the things that actually got me involved. Once I sort of market cap. I'll sort of market cap. It was like a hundred once a market cap. Now. It's probably like 200 in the 200 million right now billion. Yeah, so we got a pretty hard to like 900 appearance was in the trillion. Yeah. Well posed to the trillion, but I don't think it was in a Navy not a billion like that. I think like 900 million something like I belong story short even where it's at now couple hundred billion. That's not a lot of money. That sounds like a lot of money, but that's really not a lot of guys really not a lot. Because if you look at traditional assets, I tell people all the time. Yeah, the old crypto Market is 250 billion dollars, but guess what Fidelity One investment shop has seven trillion in assets not the fact that themselves 7 trillion, right? So like this is this is a spec. I try. I try a spot up there when I first got into I might look it's a lot more room for it to grow because the market value is so low. That's one of the things that made me get into and that's one of the reasons why I still actually hold out hope because I'm fine. Oh my God, we see if it was going to die. It will look now. Look at that over the last year and a half is that right? Now? There's like people people gave it people Bitcoin went down people like it's over like it's a wrap and it came back up and it's trading kind of training. We never know. Why is just people to believe he's right the belief nice. So, yeah, I so now you got the education, but for people that want more information, how can they contact you? What's the your podcast and your app or your information? Yeah so far. Cast app Instagram as well as Twitter is all the same thing coin gamma. Socio i n g a MMA gamma is like a term that is in options world that in my old world that I brought over. But yeah going gamma is it and if you search my name, my name is relatively unique. So you'll find me. So Prince Charles on LinkedIn. I kind of changed my last name on Twitter and Instagram is First Chain. You'll find me a fish chain on that like blah. Jane yeah, okay man on the whelk that got ya so you can find me on all those platforms day. Yeah, I'm always putting out educational content DM me add me on LinkedIn and we could chat for sure for sure. So Troy hit you are yeah check out the patreon is I'll probably pay program patreon.com backslash on your leisure every every week. We seems to be growing there. It's a community this community now way so we got some new members on the shout them out as Shawn, but Nina Nicola trip Janet I And we got to give a huge shout out to Tony. Shout out to Tony. He was on one of our members from a couple months ago. But he made a video like a testimonial video just about how great patreon is. So he just did that out of love for us a shout out to Tony and everybody that's been supporting on patreon. Now, it's amazing patrons and me. It's like I said, it's a community and eyl university is real. We're launching some stuff. Everything is top secret right now. But yeah, if you can't get this level of information, even if you paid to go to school you probably want Very difficult to get this do so many things real world. It's not just people just supply and demand chose actually real world people as actually in the field doing it themselves. Are you can't get that kind of information in college professors are they don't do that but most professors and if they do that they study in one area, right? Yeah. So in everything now, it's different. It's a different level of Education losing Atlanta. Somebody said that they got two masters degrees and they learn more from our podcast and they let the guy from the masses as a major. That's amazing. So patreon is a lot Cheaper in any University in America is different level Tears like we said on every episode so you can join at any level you like but we're just going to keep on the information out now for sure for sure and then book tip of this week is Bitcoin millionaires from the Winklevoss on makeup on it's about the Winklevoss Winklevoss Twins and it cracked and Chronicles their journey of anybody not familiar. Those are the guys that Facebook they depend on how you look at it might it might have got screwed out of Facebook, but they got the last Dan because they weighed down the lawsuit. Well that but they became the first billionaires off of Bitcoin that was in fact, I don't really probably lost some money now, but there they made so much money doesn't matter at that point doesn't agree with the own exchange. No, not a powerful players in the Bitcoin market. So it's a good book. I highly recommend it and we will see you guys in three days because we have a as I said is this week is different. We're going to put out two episodes this week. So we'll see you back on Friday at five PM keep spreading the word and please it's theirs.
Fritz Charles’s life is legendary. He graduated from the top business school in the world (Wharton at UPenn), he worked as a trader for the infamous Wall Street investment bank Lehman Brothers when he was 22. During his time at Lehman, he traded a billion dollars a day in complicated swap derivatives. After Lehman went bankrupt he worked for the NBA and Barclays. After that, he went international and became the head of growth for iROKOtv which is known as the Netflix of Africa. He then became a cryptocurrency expert. He founded Coin Gamma which is a cryptocurrency media platform. He currently serves as the director of product growth of Token Tax which is a cryptocurrency tax company. In episode 28 we covered everything you need to know about bitcoin and cryptocurrency. We also covered the inside world of investment banking and broke down the global financial collapse of 2008. Click this link to support the podcast https://www.patreon.com/earnyourleisure  Guest IG: @fritzchain Book tip: Bitcoin Billionaires   ---   This episode is sponsored by  · Anchor: The easiest way to make a podcast. https://anchor.fm/app  · Talk Money With Mesh Lakhani Podcast: On The Talk Money with Mesh Lakhani podcast, Mesh will follow paper trails, chat with experts, and break down complex ideas to bring clarity to the mystical financial phenomena behind your finances. 