teeka tiwari and glenn beck
is teeka tiwari a fraud
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However scams and little frauds. And there's something that a scams always does: it constantly goes to no. But Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the bad news came out. The huge hack. And that woke something up for me.
Therefore I can't ignore that. I have actually got to go dig deeper." And so I began traveling all around the world. I started going to Bitcoin events; I started to speaking to individuals that were smarter than me in this space. And what I realized is that Blockchain technology and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overstate how massive that is! The ramifications of that, of being able to have data that we do not require to have it independently confirmed, it's cryptographically validated. That idea can ripple out throughout the entire greater economy. And when that cent dropped, I understood I had to dedicate all my professional resources into becoming a professional in this space.
And do you believe, I mean you pointed out something there about not needing to get a third-party, or intermediary to confirm something. Do you feel that part of the reason that this isn't getting as much mass adoption is that a great deal of folks might not even totally understand validation procedure . undefined.
We were just speaking about how I'm delegating go to China, to China. And heaven forbid it's over $10,000, and then suddenly there's other individuals getting informed about it, like the Internal Revenue Service and things like that. Do you think that the average folks don't perhaps understand about these processes, so they don't possibly see what you're saying as this advancement, they do not see it in their everyday life? Or what do you think of that? I believe that's real.
It's not as easy as shooting up a web internet browser and going to e-trade. com and pushing a buy button and buying it, right? You've got to go to an exchange, you have actually got to upload your identity files, then you have actually got to wait to get verified, and then lastly, you can go buy some Bitcoin.
So, a lot of individuals discover that too troublesome, and that's why the individuals that are actually making the most amount of cash today in cryptocurrencies are the early adopters: individuals that are willing to put in possibly the 20 minutes required to go through a procedure which just takes five minutes if you wish to set up a brokerage account.
"Oh Teeka, we like your ideas, however gosh, establishing a crypto account is so tough." What I tell them is I say, "Look, when it's simple as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The entire cryptocurrency market will be 10x larger. So you're actually really earning money a massive quantity of cash to go through maybe, you know, 20 minutes of a headache.
So you can't buy Bitcoin yet through their trading platform, however it is simply a question of time, Ryan, before you'll be able to purchase cryptocurrencies straight through your trading software application. And can you imagine what will take place to this entire market when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform.
Right now you pointed out the process that individuals go through, and something I desire to bring to light too that you didn't point out, however I know a lot of folks who battle with this too, is oh, and by the method, you can just purchase $1,000 a week. Or you can just buy $500 a week.
As difficult as possible, ideal, like Coinbase. It 'd take me permanently prior to I might begin buying in size on Coinbase. They're like, well, we'll let you purchase $500 a week, Teeka. I suggest, it's if you remember the early days of the Internet, when we were getting on the Internet, we were doing it with 56k modems, right? I imply it would take 20 minutes to fill a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I indicate, we're in the early days of that innovation, however much like during that amount of time, for the folks that had the vision to see where the future was going, and after that bought in on some of these young companies, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, because I'm always curious to talk to individuals who are, specifically someone like yourself, who's committed the last, you understand, the lion's share of the last couple of years to truly go both feet in on this. How do you explain cryptocurrency to like an average person? That's a fantastic concern.
They're two completely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an alternative to cash. So Bitcoin would be a cryptocurrency. Therefore what offers it value is that it is, there's just going to be a restricted amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the deals on the Bitcoin network. And so if you take a look at that Bitcoin network, people constantly try to hack it. However due to the fact that of the nature of the network, today it's been unhackable. And actually, with existing technology, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over.
And so when people put, you've got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet since they're stating, "We don't trust paper money, you can print an unrestricted amount of it. It's truly not protect, and the government can take it away from you." - Whereas with Bitcoin, best , go ahead.
Yeah. Or people that were in Cypress, or simply individuals who have suffered through either hyperinflation, or there's a high demand for, in Argentina for example, high demand for a black market of U.S. dollars. Correct. Are those nations that could potentially be a catalyst for more adoption, since they already don't think in their own currency? Yeah, and I think we have actually already seen that.
So yes, and this is a thing that a lot of American or Western financiers have a bumpy ride getting their head around. They're like, "Well I do not need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You do not require Bitcoin - Yeah. Therefore there's this whole burgeoning worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins. And energy coins are essentially utilized, let's say Ethereum, which a great deal of individuals understand about Ethereum. Ethereum is basically an international computer system that you can write computer programs for and run computer system programs on a globally decentralized computer program.
So we think about something like Ether an energy token, because you're essentially purchasing shows power. So I would not really consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to offer people a concept, like a really basic one that I would picture you 'd called an utility token, is like FileCoin.
Where the concept is that basically you're hosting files through a peer-based network, and there's type of this same type of network effect that you have with Bitcoin, where it resembles unstoppable example, due to the fact that it's on so numerous various areas and. And you kind of discussed having this boots on the ground experience. Now, considering that we're looking at the bulk of these are probably utility based, fix? Mm-hmm (affirmative). The majority of the coins that I advise and look at are utility-based. We have a few cryptocurrencies, but I think the genuine opportunity depends on the energy coin area.
There's all of these ICOs that were happening, those decreased a bit with some changes to a couple of things that was going on, but individuals are going to come out of the woodwork and start to produce utility coins- Correct, yeah. And people need to understand that not all energy coins are created equal.
So you have the advantage of devoting your occupation to this, so you can go out there and do the recon, you can fulfill the creators, you can check the code, and so on. But for a typical individual, there's now what, over 1,000 various types of coins offered, almost 1,200 I believe. 'Cause generally it'll crash 80% or two - Does the group have experience of carrying out in a successful manner in another location of their life? And it doesn't even have to be straight associated to cryptocurrency, it does not have to be even directly related to software, right? So, however I desire to see a track record of success in something, right? If it's four guys in a space that are just out of college, unless they've got some truly good advisors behind them, I'm most likely not going to provide any cash.
Yeah. I believe that in marketing in general, my world of service, we continuously search for issues and how we can resolve them. Now, are the issues things that people are attempting to solve a part of the Blockchain normally? Or would you state it's better if they're resolving sort of a mass issue? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm basically searching for services that, so I'll provide you an example.
And the reason that we purchased it is due to the fact that they discovered a method to make documents tamper-proof, and it's 99% more affordable than present innovation, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the guy that began it has a performance history of producing computer system programs that entire states run their whole operations on, right? So you've got all right, the wise man has constructed big computer programs, excellent group, fixing a massive problem that is going to cut big costs.
I mean, it does not get any easier than that in terms of deciding who to put money behind. And a lot of this prevails sense, and a lot of folks will attempt to make things more complicated than it is. And I have a truly easy guideline, Ryan. If I don't understand something, I set up my hand, and I state, "I didn't understand what you just said." Mm-hmm (affirmative).