From $500 Bitcoin to Millions… Here’s What He Learned | Miguel Munoz | DSH #1911

Summary

Digital Social Hour: From $500 Bitcoin to Millions… Here’s What He Learned | Miguel Munoz | DSH #1911

Host: Sean Kelly
Guest: Miguel Munoz (Dollar Cost Crypto)
Date: April 11, 2026
Episode Theme:
A freewheeling, insight-packed conversation about early crypto investing, the evolution of crypto markets, global finance, AI, the intersections of technology and society, and hard-earned wisdom from surviving and thriving through booms and busts.

---

Episode Overview

Sean Kelly sits down with Miguel Munoz, aka Dollar Cost Crypto, to dig deep into Miguel’s journey from blue-collar business owner to crypto multi-millionaire. They cover early-day successes buying Bitcoin at $500 and Ethereum at $8, the historic and societal forces shaping the crypto industry, the current state of AI, U.S. and global finance, the dangers and opportunities in tech, and strategies for both building and protecting wealth. The discussion is lively, candid, sometimes conspiratorial, and loaded with practical wisdom for both crypto enthusiasts and the broader audience.

---

Key Discussion Points & Insights

1. Miguel’s Crypto Origin Story & Early Investments

[01:00 – 03:05]

• Miguel describes leaving his plumbing and landscaping business to go full-time into crypto investments around 2016.
• Key early buys: Bitcoin at ~$500, Ethereum at $8, big in Litecoin at $0.50.
• “I was just throwing all my extra money into crypto and I just fully jumped in.” (Miguel, 01:54)

2. Litecoin’s Legacy & the Crypto Exodus

[02:13 – 03:31]

• Miguel explains Litecoin’s role as the oldest surviving altcoin and its founder’s connection to Coinbase.
• Notes the U.S.'s initial leadership in crypto innovation, followed by an exodus to international hubs due to regulation.
• “Almost all the best technology in the world for crypto came out of the United States… but they all fled to Dubai or up to Europe or Portugal.” (Miguel, 03:13)

3. Stablecoins, U.S. Banking, and Global Finance

[03:32 – 06:30]

• The banking system’s anxiety over stablecoins siphoning off deposits.
• The behind-the-scenes tie between crypto stablecoins and U.S. debt—Tether and Circle buy U.S. treasuries, making crypto a "natural buyer of U.S. debt."
• Russian skepticism: “Putin basically said that… crypto is basically a scam to pay off US debt...” (Miguel, 05:37)

4. Real-World Effects of Currency Collapse: Bolivia, El Salvador’s Bitcoin Pivot

[06:30 – 08:24]

• Ongoing currency crises: in Bolivia, people can’t access bank deposits—news underreported.
• El Salvador as a case study: “He rounded up basically every gangster… put them in maximum security jail, and now it’s very safe… He pivoted and invited crypto companies, built a Bitcoin city... legal tender... can’t be taxed.” (Miguel, 07:03 – 08:01)

5. Gold, Crypto, and the Challenges of Asset Mobility

[09:21 – 11:17]

• Gold ETFs and redemption issues—hints at liquidity problems.
• “Tether is like the single largest corporate holder of gold on the planet… they were splitting their profits between mostly gold, bitcoin, and a bit of ethereum.” (Miguel, 09:43, 09:55)

6. Best Practices for Selling Crypto, Tax Implications, and Investment Timing

[11:38 – 13:24]

• KYC, taxation, and why Miguel holds during downturns (“I bought all my Ethereum under $1400… all my Bitcoin under $25k”).
• Advice not to buy Bitcoin above $52k market cap—timing entries and exits.

7. Crypto’s Ties to Stock Market Cycles & Future Crash Predictions

[13:24 – 15:00]

• Crypto’s fate increasingly linked to stocks; prediction that major IPOs (SpaceX, OpenAI, etc.) may precede a crash.
• Early Solana investor speculation: “They were doing a podcast… they were like these grown men in their 40s were giggling like school girls—‘What price did they get in?’” (Miguel, 15:00)

8. Crypto Events, Social Dynamics, and Red Pill Culture

[16:02 – 19:56]

• Miguel recounts observing transactional relationships at crypto events and dives into red pill psychology: the risks of making relationships public on social media.
• “Do not put your significant other on social media… you’re basically opening her up to be… DMed by a ton of people.” (Miguel, 16:55)
• The relationship between influencer status and relationship stability—few public influencer couples last.

9. Economic Cycles, Recession Definitions, and Interest Rates

[22:28 – 26:08]

• Critique of U.S. economic policy—“We've been secretly in a recession since 2022...”
• Changes in GDP/recession definition under different administrations.
• Impact of sustained high interest rates on real estate and corporate debt.

10. Real Estate, Reverse Mortgages, and Wealth Extraction

[30:04 – 33:45]

• Real estate market to rebound in 2027–2029 after rate cuts—expectations that home equity will drive consumer spending.
• Reverse mortgages as last resorts: “You're essentially getting paid to live there until you die. The company takes the house.”

11. AI Disruption and the Imagination Economy

[35:04 – 38:17]

• Miguel and Sean forecast an AI bubble but note technology’s lasting impact.
• “The most important thing with AI, with humans, is… imagination. That’s going to be one of the biggest… we’re going to find out who actually has the most imagination.” (Miguel, 36:51)
• AI tools now rival or exceed paid human labor: “I redid my whole site with AI for $100 and it’s converting three times higher than my old site.” (Interviewer/Sean, 36:34)

12. Security in Crypto: Wallet Practices, SIM Swaps, & Social Engineering

[44:44 – 58:42]

• Miguel’s “three wallet system”: Virgin, Secondary, and Condom wallets for asset safety.
• SIM-swap attacks, authenticators vs. phone number 2FA, and mobile security (“You want your vault to be as dumb as possible.” (Miguel, 50:37))
• Harrowing stories of students and friends losing hundreds of thousands to social engineering and phishing attacks.
• Strong preference for iPhone over Android due to app security standards.
• “Everything’s fake. If I call you about your crypto, it’s fake. If, like, if an email’s fake, a text message, everything is fake.” (Miguel, 54:17)

13. Sophisticated Scams & the Illusion of Status

[58:42 – 64:23]

• Romance and investment scams exploiting the elderly, detailed breakdown of how elaborate mobile apps and "Asian honeys" dupe victims.
• Banking app clone cons, staged nightclub scams, and “sneaky game”—the darker side of digital clout.
• “Social media is fake it till you make it… Streamers are botting their numbers. They're botting fake beefs between each other.” (Interviewer/Sean, 64:17)

14. Reflections on Social Double Standards

[65:05 – 66:10]

• Discussion of gender double standards in society and the viralization of “red pill” and “black pill” ideologies.
• Noted, with some dark humor, the statistical imbalance in teacher-student abuse reporting and the cultural discomfort that obscures the real figures.

15. Market Predictions: Bitcoin, Ethereum, and the Next Cycle

[67:10 – 72:13]

• Will Bitcoin hit $1 million? Miguel says yes – but more likely to $220k next cycle, citing historical cycles and future real estate-fueled liquidity.
• “I’m betting a little heavier on Ethereum right now for this cycle... BitMine is going to have about 5% of the supply...”
• Insights into institutional plays (BitMine, Tom Lee, Chamath, Mr. Beast partnerships).
• Ethereum underperformance examined, why the next cycle may be different.

---

Notable Quotes & Memorable Moments

• “All the best technology in the world for crypto came out of the United States... but they all fled to Dubai or Portugal.” (Miguel, 03:13)
• “Putin basically said that… crypto is a scam to pay off US debt.” (Miguel, 05:37)
• “If you’re opening up your significant other to YouTube or Instagram, you’re opening up her DMs for a ton of people… Even if you’re in a strong relationship now, what happens is she starts getting a little motion…” (Miguel, 16:55)
• “Tether is like the single largest corporate holder of gold on the planet.” (Miguel, 09:43)
• “The most important thing with AI, with humans, is… imagination. That’s going to be one of the biggest… we’re going to find out who actually has the most imagination.” (Miguel, 36:51)
• “Everything’s fake. If I call you about your crypto, it’s fake. If an email’s fake, a text message, everything is fake.” (Miguel, 54:17)
• “Social media is fake it till you make it. Streamers are botting their numbers, botting fake beefs…” (Sean, 64:17)
• “[Bitcoin] will probably hit 400. But…closer to about a 220,000…If real estate gets hot, we can pump up to 200k.” (Miguel, 67:14–68:11)
• “Ethereum…BitMine is going to stake 6 million Ethereum…they’re going to earn a few billion dollars a year.” (Miguel, 69:02, 69:52)

---

Important Timestamps

• [01:00] – Miguel’s crypto journey and early investments
• [03:31] – Why crypto innovation fled the U.S.
• [04:50] – Tether’s business, stablecoins, and U.S. Treasury demand
• [06:32] – Bolivia’s currency collapse and global unrest
• [07:03] – How El Salvador used Bitcoin for national turnaround
• [09:43] – Tether as a gold behemoth, and gold/ETF liquidity issues
• [13:24] – Crypto’s increased correlation with stock market cycles
• [16:09] – Social psychology: crypto events, relationships, and the “red pill”
• [22:28] – Secret recession, economic definitions, and effects on real estate
• [35:05] – AI disruption: efficiency, bubbles, and the new “imagination economy”
• [44:44 / 50:05] – Best practices for wallet security and horror stories
• [58:42 / 60:00] – Advanced scams: romance, clone apps, and social manipulation
• [64:13 – 66:10] – Social media fakery and gendered double standards
• [67:10 – 72:13] – Miguel’s Bitcoin and Ethereum cycle predictions and strategy

---

Tone & Style

The conversation is raw, direct, and sometimes conspiratorial—reflecting the unfiltered, “red pill” style of both host and guest. Both trust lived experience and network intelligence over mainstream media or official narratives.

---

For Listeners:

This episode is rich with hard-won financial and life advice, delivered in a candid, no-holds-barred style. Whether you’re a crypto trader, investor, AI enthusiast, or just curious about the intersection of tech, money, and society, there’s practical insight and plenty of memorable stories.

---

End of Summary

For more on Miguel Munoz, follow his channels; for deep dives on controversial and thought-provoking topics, subscribe to Digital Social Hour with Sean Kelly.

Transcript

[Miguel]

I would see these Asian guys with these like, to me those like escorts. But like whatever they are and like just essentially with like 40 bags of stuff. They were just being used as an ATM car. Basically. The most important thing with AI, with humans, it's not going to be like, it's not going to be skills, it's going to be imagination. That's going to be one of the biggest like actual things is we're going to find out who actually has the most imagination. Creativity. Yeah.

[Interviewer]

Stand up. All right, guys, got Miguel from Dollar cost Crypto. Finally made it happen. I've been trying to get them on for almost two years.

[Miguel]

Two years, man.

[Interviewer]

Crazy. Gary's been trying to link us for a while. You came to my F1 event like two years ago, right?

[Miguel]

Yeah, we were, we've. I've lived here in Vegas for like five years now and then, you know, I've been good friends with Gary. Yeah. G33 for a long time and it was kind of hilarious. We just, we were even using the old same old studio like Sticky Boss.

[Interviewer]

Yeah.

[Miguel]

And it was just, we just kept like meeting for a second and then.

[Interviewer]

Yeah.

[Miguel]

And we were, I think we were about to do an interview and you know. You got married.

[Interviewer]

I got married.

[Miguel]

Yeah. So I was like, hey, forget about it bro. Just get married.

[Interviewer]

Yeah. I didn't want to film that whole month because I wanted to actually. I did two years straight of pods like every single day.

[Miguel]

Dude. I know. Like the guys are sticky. Pods were telling me back in the day that you were like on this crazy schedule.

[Interviewer]

I was grinding. I barely had time to shit in between episodes. I would block 30 minute blocks.

[Miguel]

Yeah.

[Interviewer]

And that was when I was doing 30 minute episodes. So it'd be like literally 11 to 5 and there'd be like 20 guests.

[Miguel]

Yeah. Cuz they would tell me like I like they would tell me to do like 15, 20, 10 guests today. I was like, how? Yeah, it was nuts. So they're like 30 minute like one hour shows basically.

[Interviewer]

It used to be 30 back then. Now they're like 45 to an hour because the guest quality's gone up. Back then I was getting my reps in. I wasn't as big, so a lot of people you don't even recognize came on. But that's how I got good but interesting timing cuz I left crypto to start the show.

[Miguel]

Wait, you were in crypto before?

[Interviewer]

Yeah.

[Miguel]

Wow. Okay. I didn't know that.

[Interviewer]

So I left. The crypto industry did really well with NFTs and crypto. To start the podcast. And I guess we're sort of reversed in that regard.

[Miguel]

Yeah, yeah. So, I mean, I had like a physical business, so I had like, kind of like a plumbing landscape business for like 12 years. And then in the middle of like 2016, I was just throwing all my extra money into crypto and I was like, I just fully just jumped in.

[Interviewer]

Yeah.

[Miguel]

And then.

[Interviewer]

Good timing.

[Miguel]

Yeah, it was. It was awesome. Like, I managed to catch like Bitcoin at 500 bucks.

[Interviewer]

Holy crap.

[Miguel]

Ethereum at $8. But I was like a big litecoin guy back in 2016, so I was like 50 cent Litecoin.

[Interviewer]

That one did well, right?

[Miguel]

Yo, dude, it went crazy. We went to like 300 plus dollars on Litecoin.

[Interviewer]

I don't hear too many people talk about it now, but.

[Miguel]

Oh, yeah. So basically what's going on now is it's one of the. I mean, it's basically the oldest altcoin in the world. And obviously Dogecoin is the oldest meme coin, but it's the oldest altcoin that survived, basically. He's one of the co founders. He was like the first engineer at Coinbase, the creator of the Satoshi Light.

[Interviewer]

Okay.

[Miguel]

Yeah. Charlie Lee, he was like, he was the first engineer at Coinbase. So he was pretty well connected. And the coin did very well. It's going to get an ETF pretty soon. It has something called Mimble Wimble, which is like privacy features, but they pretty much have decided not to do it until they basically don't get slapped up by the government.

[Interviewer]

Got it.

[Miguel]

So, like, there's all this privacy stuff that's in the background. Like a lot, A lot of technology actually comes from like Zcash and stuff, you know, shout out to GG33. He told me about it in 2022. 2023. And basically every. I mean, almost any. I mean, almost all the best technology in the world for crypto came out of the United States or United States engineer, but they all fled to Dubai or fled up to Europe or Portugal. You know, Portugal or, you know, maybe Puerto Rico a little bit.

[Interviewer]

Yeah.

[Miguel]

And you know, so we've had a lot of projects like launch internationally, but they all have like, US roots. And now they, you know, because we have a pro crypto president, you know, we're starting to have that come back, like the clarity act kind of passed and you know, you know, this will come out in like in a while and stuff, so it should pass by then. But, you know, it's all has to do with Stablecoins. But I was kind of hoping the Clarity act was going to be more about clarity on how to start a crypto business versus just, they're just. Right now the banks in the crypto are fighting over basically stablecoin yield. Because event what, what the banks are really afraid of is that all the money that's in like high interest deposit accounts or like CDs are just going to just come over to stablecoin. They'll just hold it on Coinbase, earn like that 4% y. Yeah. And they're like super afraid about that because if those deposits leave the banks, then what ends up happening is that the banks lose a ton of power and they won't be able to lend out because when your money's sitting in the bank, they can lend a multiple on that basically. So they lose not just a ton of income but like the amount of money that's just sitting in like accounts. They're paying no interest at all. They're earning that interest on that money. So I mean, I think we were talking a little bit earlier about like you know, tether and stuff, right? And you know, Tether is like the most profitable company in the world. Basically 300 employee. I mean they make more money per employee than any company on the planet.

[Interviewer]

Wow. More than only fans.

[Miguel]

More than only fans.

[Interviewer]

Makes a lot.

[Miguel]

Oh, of. Makes a lot. But like they only have like 300 employees. I mean they're holding on. I mean it's, it's. This industry is like a hundred billion dollars of just US Dollars sitting in accounts. And what they do with the money and why the United States is like backing this, you know, circle and tether in the stablecoin industry is because they're buying treasuries. So if China's not buying our debt or nobody wants to buy her debt because of tariffs, it doesn't matter. The bigger the crypto industry gets, the more there's like crypto's essentially in the world's citizens and is basically a natural buyer of U.S. debt. So you don't, you could like all the money that gets deposited in crypto eventually will end up in a stablecoin or in Bitcoin. And during bare markets, the stablecoin market keeps growing and growing and growing. Well, that just means we're buying U.S. debt.

[Interviewer]

Interesting.

[Miguel]

So that's, that's like kind of one of the huge things that people don't talk about. Like Russia's warned about it. You know, like Russia's basically saying like Putin, like Putin basically said that, that the whole this Whole stable coin, this whole crypto thing is basically a scam to basically pay off US debt and they're going to drop the bags on us, but it, it's too small right now. It, I think in the future there is kind of a, there is some truth to it, but it's not all black and white, but in a way, it's picking up slack in the world demand and it's, it actually scares countries a little bit because, I mean, the US Dollar is so powerful. But if you're, if you're a global citizen or you earn pesos or you're in whatever currency, unless in, you're in, unless you're in the euro or the yen or the, maybe the Chinese currency, your currency is losing tons of value. And then why would you, you would rather, like, you would rather just convert your currency into Bitcoin and then hold a stable coin and earn yield and you have some inflection against, you know, your, your country's currency. Hyperinflating.

[Interviewer]

That makes sense. That just happened in Bolivia.

[Miguel]

Oh, did it really?

[Interviewer]

Yeah, my wife's family's there. There's like, wars breaking out because of the currency failing. People can't take money out of the bank right now in Bolivia. Wow. Yeah, that's. But you won't see that in the news, dude.

[Miguel]

I, I, this first time I'm hearing.

[Interviewer]

Exactly. Yeah, they're not gonna. Because there's probably other countries going through it right now. But I think it would incite a lot of fear if the mainstream news started showing that.

[Miguel]

Yeah, I mean, but shout out to El Salvador, man. They, they hopped on the train early.

[Interviewer]

Yeah. They got on bitcoin.

[Miguel]

Right. They're, they're doing very well for themselves.

[Interviewer]

Yeah, they, how did they pull that off, you think?

[Miguel]

Well, I mean, they basically, you know, to tell sort, you know, sort of a dictator, essentially. Right. And he just, he basically got all the Ms. 13, all the gang members, and basically rounded everybody up. It was one of the most dangerous countries on the planet. He rounded up basically every gangster. I mean, he profiled in a way, too, but I would say like 95, 98 of the people he arrested were actually Ms. 13 gang members. Yeah, I mean, if you're rounding up that many people, you're going to round up some people that probably shouldn't be there, but I would probably say it's less than 2% because they rounded mostly people who had, like, Ms. 13 tattoos and gang. I mean, if you have a face tattoo, you know what I mean? It's like, come on, but he. I mean, he put them in this maximum security jail, and then that basically crushed 95 of their crime. And now it's very safe. And basically he pivoted like, extra dividend income and invited, like, crypto companies. He's building, like a. A crypto bitcoin city. He made bitcoin, like, legal tender. So, like, you can't get. It's. It's money, so you can't. It's. It can't be taxed, basically.

[Interviewer]

Yeah.

[Miguel]

And there's a ton of investment. He invested into, like, geothermic, like, bitcoin miners down there. So, like, electricity cost is essentially nothing once you made the initial investment. And they're just mining bitcoin. Anytime the government gets revenue from basically expats or something going down there, they dump it into bitcoin. So the reserve is getting very large to the point where, like, one day, I mean, it'll be bigger than all the debt they. They owe.

[Interviewer]

Holy crap.

[Miguel]

It's. It's huge, man. It's. It's very smart. He caught on to it early and, like, he's currently still buying right now.

[Interviewer]

Damn, that's impressive. Yeah, because obviously now we're filming this. This episode will come out in a couple months, but right now The Bitcoin's like 65, I think.

[Miguel]

Yeah, like 60. It's going up. Yeah, 68, and it's going down to 64. It's. It's oscillating about like five to four grand a day. It's funny, though, because initially when, like, the, you know, you know, when the fire nation attacked Iran, right, The price actually jumped up because there's people within that country that were. That basically, you know, got their hands, just dumped all their money into stable coins and bought bitcoin because they're leaving the country. There's people in Dubai that did the same thing. There's a lot of Dubai money, a lot of Middle east money that just like, let me get into the stable coin, let me get into bitcoin, so I can just leave and then I, you know, because you can't. You can't travel with it with, like, more than a couple ounces of gold or $10,000. But you have some seed phrases inside your wallet or in your head. You can get out with tens of millions of dollars.

[Interviewer]

That's a good point. Yeah. Yeah. That's the issue with gold. Right, Right.

[Miguel]

Is there is something like tether gold, which is cool, but it's still kind of small right now. I think one day will be Very large. But you're right, like, absolutely like it. That's the biggest thing with gold. And like, Peter Shift even admitted himself, like, he's like, yeah, you can't really, like, you really can't take it with you.

[Interviewer]

Yeah. I also heard even with some of the gold ETFs, if you all go to cash it out, they don't have enough.

[Miguel]

Yeah.

[Interviewer]

Isn't that crazy?

[Miguel]

Yeah, it's kind of crazy. I mean, but this is a crazy fact. And we keep coming back to Tether. Tether is like the single largest corporate holder of gold on the planet. They hold tons and really.

[Interviewer]

Oh, I didn't know that.

[Miguel]

Yeah, they're huge. They've been buying. So their strategy during this downturn and during the run up when gold was cheap, they were buying a lot of gold between 1800 and 20. $500. Yeah, they bought a lot of it. So they were splitting their profits between mostly gold, bitcoin and a bit of ethereum. So they're a huge net holder of crypto and they actually own it. And then as well as the etf, they charge fees on, I'm sorry, their, their stable coin on gold. They charge fees on it, obviously. Got it. And that allows them just to buy more gold. So they have a ton of gold. So they do have the gold. But the problem is, is storage because, like, you could get your hands on the gold, but like, the amount of like, work you would have to like. Yeah. So where is it? In Switzerland or like, who knows what vaults are in?

[Interviewer]

So it's also shipping it around.

[Miguel]

It's. It's expensive, it's dangerous. And what happens, you lose a package.

[Interviewer]

Right. They're not, they're not going to tell you that. If that happens. Fort Knox, who knows what's over there?

[Miguel]

I mean, we recently had silver go from like $20 to like $130. $120. And there's people here in Vegas trying to sell it. And they would give you. You. Let's just say it was 120. They would give you £90. So people were like, you still made money, but you're like, what the hell? Like, you guys charged me like a dollar over spot to buy it. And then you're taking 30 off spot for me to sell it.

[Interviewer]

That's how it works at the pawn shops.

[Miguel]

Yeah, yeah, you could if you. Maybe if you're cool. Maybe, you know, if it's a kid, maybe like, oh, let me sell an ounce. Yeah, okay, I'll give you the 120 right but you try to sell 10, 20, 30 ounces or more, like you're getting hit.

[Interviewer]

That's a good point too because when you sell crypto you just pay a fee. But if you go to sell gold, you could get ripped off.

[Miguel]

Yeah, I mean you get a much better deal selling crypto on like defi exchanges like Unis swap on Ethereum. But like sometimes there's some coins where all the liquidity is on coinbase. Yeah, I mean you get like the altcoins. Yeah, you get dinged up and then

[Interviewer]

you gotta, you gotta do kyc. If you do coinbase.

[Miguel]

Yeah, you gotta do kyc. And there's tax ramifications. Like this time around during like this crypto crash, I didn't sell any bitcoin or ethereum because like I bought all my Ethereum under 1400 dollars.

[Interviewer]

Nice.

[Miguel]

All my bitcoin under like most of it under 25. Like I bought 15,500 Bitcoin this, this time around in 22. Shout out to fresh and Fit. We all, we got a lot of the guys on F, you know, Fresh and fit to buy at the time as well. Justin Waller, a bunch of the guys.

[Interviewer]

So they're still up 4x.

[Miguel]

Oh yeah, they're up. Still up. Huge on it. But what happens is when you get some extra money, you like, you'll buy on a dip. But like so some of them got to rebuy back at like 44, $44,000 on Bitcoin or 52,000. But I gave a big recommendation not to buy Bitcoin above 52,000 because it's a trillion dollar market cap. That's like kind of the big round. There's like like on this crypto crash there's, there's like two ranges where like Bitcoin could bottom. It's between 52 to 48,000. That's about a like a trillion dollar market cap. You know how it always goes just a little below. Right. So you might get like 900 billion and then it pops off and then that's the bottom. Or if things get like, let's just say like it hits that and then the stock market like totally explodes because like maybe we get the like the AI bubble pops for a bit.

[Interviewer]

Iran war too.

[Miguel]

Iran. Yeah. It could just go bad in the stock market. Like it crashed 25% and then that could take Bitcoin down to 30 grand.

[Interviewer]

That's the lowest you see it.

[Miguel]

Yeah, it won't go below 30, but it, it could really like that's so dramatic. So like alts are down like 85% will go down 90, 95%.

[Interviewer]

Wow. What about Ethereum? What's the lowest?

[Miguel]

You see that going to the absolute lowest. A retrace back to $7 or $800.

[Interviewer]

Wow.

[Miguel]

Yeah, I. But if we don't get that, that drop in the stock market, like we don't get that, like holy fuck, it's all over crash from stocks and AI, it'll probably go to 1100.

[Interviewer]

So the stocks and crypto are pretty linked.

[Miguel]

Yeah, because they've linked us now. Like, because what will happen is the guys in the equity market now hold like I think at the peak there was a hundred billion dollars of, of crypto ETFs. These guys get scared. They're not used to. Like when you buy a crypto etf, you're like, okay, I understand it's volatile. Like you can maybe like justify. Because they're like they got 5% of their portfolio.

[Interviewer]

Yeah.

[Miguel]

But what could happen. They're not used to like the S p going down 25, 15%. And a lot of these guys are like leverage trading or they're all in Palantir or they're all in, you know, open AI. Once it goes Tesla, once it go public, I think if the crash happens in the stock market, it's going to happen right after this big IPO boom that we're having like what we have SpaceX going public fused in with.

[Interviewer]

People keep asking me to buy that one. I'm like, you're in so late at this point.

[Miguel]

Yeah, like, I mean, it's just like wait, wait until it, I mean when it comes out, let it dip down, then get in.

[Interviewer]

Yeah, but by the time it IPOs, you're so late. People don't know that.

[Miguel]

Yeah, you're very late. You're actually liquidity essentially for it because it's, it's, it's, there's, it's a good, so it's kind of a, it's kind of a mess of thing. So usually, usually ipo, if it's, even if it's a really good company, usually it's, there's about a 30 to 50 drop on the IPO.

[Interviewer]

Yeah, I've noticed that too.

[Miguel]

And then it's facts even worse. Oh my God. Like that's how he became a billionaire. Yeah, he, he murdered people on this. But you know where he made a lot of money as well too. Like a lot of. So the all in guys, right, they're all kind of essentially like one degree of separation away from the Trump administration in Terms of like the crypto. The Cryptozard.

[Interviewer]

Yeah.

[Miguel]

David Sachs, which is on the podcast.

[Interviewer]

Right, right.

[Miguel]

It's crazy. They're all early stage investors in Solana.

[Interviewer]

Oh, are they?

[Miguel]

So, like, 1, 2, 3 cent.

[Interviewer]

Holy.

[Miguel]

So one of the ways we've. Me and. Me and Charlie from cultivate crypto, like, he's a business. My business partner in the courses. One of the ways that we found out that, like, Salana was pretty much. Or like we're like in the. In 2021, was they were doing a podcast and they were acting like little girls. They were like, oh, my God, salon is like, you know, like, salon, hit this price. Holy. They were like, oh, my God. They were like these. These grown men in their 40s were like giggling like school girls. And we were like, what price did they get in? And then I like, they got in a couple cents. Oh. So, like, you know, that's. So I started selling around $180, 200. We told our students and, you know, that was one of the big calls that, you know, we didn't get smack Salana. Because I was like, seeing these guys, like, they're sell. You know, this is a big thing when you see guys party. This is a thing about the red pill as well. You know, like, you. You see these things, right? When you start seeing crypto dorks. Because most of. I mean, most of crypto, like, we're all dorks in a way, right? In crypto.

[Interviewer]

But like, I've been to some crypto events.

[Miguel]

Yeah.

[Interviewer]

All introverts, all nerds, all autistic people. I'm like the talkative one at the event. And I'm an introvert.

[Miguel]

Yeah. And. And it's. It's crazy because, like, I mean, you're much more masculine than all these guys. You've seen how, like, like, I've seen crazy thing at crypto events. Like, we were talking about, like, I'd gone to some crypto events here in Vegas, like the Litecoin conference back in 2019. And I would see these. These Asian guys with these, like, to me, those like, escorts, but, like, whatever they are. And like, just essentially with like 40 bags of stuff. They were just being used as an ATM card, basically. And I mean, but you would see it in like, you. You wouldn't. You wouldn't. You were just like, oh, man, this guy's doing a lot for are like. But then you. But like, once you learn about the red pill a little bit, you're like, oh, wow. Like, it's. It's very transactional it's. Yeah, there's no love there. There's just, they're just being used and as soon as they're not making any money, it's. It's over.

[Interviewer]

They're gone.

[Miguel]

They're gone.

[Interviewer]

Yeah, yeah, yeah. A lot of crypto guys unfortunately fall for that.

[Miguel]

Yeah. And it's a big problem. I mean, like, this is one thing, like I've been talking about a lot in the red pill and then myin from, you know, Fresh and Fit's been talking about a lot is kind of like I, I have a lot of students and I tell them, you know, a lot of guys want to get into social media. It doesn't have to be crypto, but social media or crypto. And I tell them, do not put your significant other on social media. You know, it has to be an incredibly, incredibly huge discussion if you're going to put your significant other on YouTube, because it is a hack. If you're, you know, your wife's decent looking, you'll get more views because she's on. Yeah, right. But you're opening her up to be basically. I mean, you're basically opening up her DMS for a ton of people to start, you know, having. Maybe you're in a strong relationship now, but what happens is she starts getting a little motion and the DMS that she's getting, I mean, even if like you've got two people, a 5 out of 5 out of 10 and a 5 out of 10 relationship. Right. In terms of looks, you got some guys that are like some 7 out of 10 guys start hitting her up and stuff, even if they just want to her and she's too dumb to know that, but that's what happens. And then, and you've seen what's happened in all these relationships. Like it just keeps happening and happening. I mean, even with like someone like Larry Wheels and stuff, like, like, which I really respect. He looks terrible right now because of it.

[Interviewer]

Yeah.

[Miguel]

And he's a big, strong, alpha guy and. But they're missing this whole part of the red pill side which is like the psychology of it. Like you have to keep frame and it looks really bad. I mean, obviously like someone like Adam22, he's leaning into it to make a ton of money, obviously, but it's still long term looks. Looks very terrible.

[Interviewer]

No amount of money is worth it for in my opinion.

[Miguel]

Absolutely not. But he's even talked about possibly like, would you let your daughter do? Only fans. Yeah, I let her do. Oh my God. And that. And that's Where I kind of was like, oh, you know, like, your wife's one thing, but like your dog. You're gonna lead your daughter into that as well.

[Interviewer]

Yeah, but.

[Miguel]

And then, you know, but he's playing a character, you know, Rolo from. Rolo from the Rational Male. He said he's playing a role. He's playing that's. He's playing the professional cuck.

[Interviewer]

Yeah. He's played into it at this point.

[Miguel]

Yeah.

[Interviewer]

He's in so deep because in the

[Miguel]

beginning it was like he was doing stuff like if he was like, chicks with his wife.

[Interviewer]

On a podcast.

[Miguel]

Yeah. On a podcast. And on like, whatever. Only fans. Things he was doing.

[Interviewer]

So.

[Miguel]

All right. I mean, like, well, that's kind of. If your wife's cool with it. And then that's kind of. Because most guys, like, yeah, you're having sex with two chicks. Awesome. So, yeah, that's cool. Right? Then you're like, oh, you're letting your wife get. You know, and that's. So the slippery slope started happening. You know, it's like, yeah, the frame is you have to look. Your wife or your significant other has to make you look good. Right. And then everyone gets into fights and relationships. You're going to happen. I mean, like, who doesn't. Who wouldn't argue with their girlfriend or their wife? It's going to happen. Like, it's normal. It's natural. But, like, that shouldn't be public. Right. Because that's a temporary little thing that happens. Like, women test men all the time. That's their natural. And they just, like, will doubt for a second. And then like, oh, yeah, this is why I'm with them. And then they get back in line. But it's just this, you know, but when it gets put online, it's there forever. And then it can be brought up time and time again and it's just. It just ends up. Just make. It could ruin your career.

[Interviewer]

You and I have a lot of influencer friends. I never see their relationships work out when they're public.

[Miguel]

Yeah.

[Interviewer]

You know what I mean? You got to keep your girl private, in my opinion.

[Miguel]

Yeah, Like, I can't even. I can't think. I mean, besides my Rolo and so who's been married for like 25 plus years.

[Interviewer]

Yeah.

[Miguel]

I literally can't think of a person right now.

[Interviewer]

I can't think of any dude that's like a public, like Austin McBroom that ended tragically. Every family channel I've. I've seen or where, like, the husband and wife makes content together.

[Miguel]

Andrew Wilson, possibly. Yeah, but, like, he even got some for that still.

[Interviewer]

Yeah, he got some, but she was

[Miguel]

incredible on Joe Rogan.

[Interviewer]

She did. Well, that was what a first podcast to have.

[Miguel]

That was so. I was so impressed.

[Interviewer]

Yeah. I didn't even know her content before that episode.

[Miguel]

Yeah, but. But this is the problem, too, is, like, the, like, right now, the red pill is very viral. I mean, there's, like, you know, get cular, which, like, you have, like, the black pill, and then you have the red pill. Yeah, but, like, the black pill is just basically zoomers. It's. There's actually, like, a generational divide there. Like, the red pill and the exters are like millennial or, like. Or the red pill and the extras are like, well, the millennials. I'm sorry. Sorry. The zoo. The zoomers. I'm sorry. The zoomers are the black pill. And they're like, well, I can't be in the red pill because the millennials and the extras have it kind of all under lock. So, like, this is our thing, but, like, they're. We're essentially talking about the same thing. It's just the vernacular is different. Yeah, pretty much. Because if they're really black pill, that means you have no hope. You would just rope yourself. Right? Like, it's. It's like genetic determinism. Like, well, my genetics are. I'm chopped. It's over. Losing weight's dumb. I'm just gonna kill myself. Yeah, right, but they. But they don't. Right, because they still have hope. Right? And then that's the big thing that they're like. They're really leaned into, like, being sad. Like, it's. It's like. Like, like, ziz was, like, the millennial version of clavicular. Right. But, like, the ziz was like, we're all gonna make it, bro, versus, like, like, cavicular or some of the. These black pill guys are like, it's all over, bro.

[Interviewer]

Yeah.

[Miguel]

Enjoy the decline.

[Interviewer]

Yeah, that makes sense.

[Miguel]

You know, and it's in. It's. I think that's the big generational difference is, like, we still have hope in a way, even though things are really fud. Where, like, the zoomers are going through their version. Because, like, when. Like, when I got out of high school, right, And a lot of my friends got to college, like, it was during 2009, the housing crisis. It was fucked. Like, I mean, I felt like the economy didn't recover until, like, 2013.

[Interviewer]

Yeah.

[Miguel]

You know, so, like. Like, you could have gotten, like, out of college and then bid in the Worst job market ever. You know, so it's. We, every generation goes through it.

[Interviewer]

Yeah. Yeah. We'll probably see it again soon. They say every certain amount of years of recession.

[Miguel]

But the weird thing is like, like I. We've been in a recession.

[Interviewer]

You think so?

[Miguel]

Yes. We've been secretly in a recession since 2022. So in. This is where the Biden administration gets me right here. The Biden administration. So this has been a long standing form of how they, how they judge when you're in a recession. It's two consecutive quarters of negative GDP growth. You're in a recession. We're no longer, the White House says in this, under the Biden administration, we're no longer going to hear to that anymore. We're going to say three, maybe it has to be a full year depending. So basically we, we've been in and out of recess. We've been in mini recessions. Then we pump up for a month, for a quarter and then we go back into a recession. So we've been in a technical recession since probably like 2022.

[Interviewer]

Wow.

[Miguel]

Because in January of 2022, the, the federal Reserve increased interest rates for the first time. And then by 2024 we were at 5.25. So we had like a 22x increase in the amount of borrowing cost on money.

[Interviewer]

Jeez.

[Miguel]

And that's what's really been fucking the entire economy right now. The reason real estate hasn't been popping off at all. I mean you've seen Las Vegas is taking a hit. I mean the only thing that saved the, the. I mean this is kind of funny. It's fucked. But like one of the only things that's kind of saved the, the real estate market a little bit in Vegas has, was the fires in la, really. Because you had a bunch of people just like their, how they're like their house is not gonna get rebuilt right now. So they, A lot of people just moved like basically bought a house or rented a house here in Las Vegas. That helped the real estate market here and the rental side or. And then people are just commuting back to, to Got it, you know, back to la.

[Interviewer]

That makes sense. I didn't even think about that angle. But yeah, the market does seem to be dipping a little now.

[Miguel]

Yeah, we are going to get a new Fed chairman May 12 and Jerome Powell will be out of here. I think he did a very good job up until 2025. He, he basically engineered a soft landing, right. So like, he basically lowered inflation down to like a respectable level. He was lowering the balance sheet. But he cut, he cut the interest rates 50 basis points, which is like half a percent, about a month or two before the presidential elections in 24. So they essentially said, we're not going to play politics here. Okay, I respect. All right, like, so like we'll cut interest rates. That'll hold us off until the, like the last, you know, six months of the year. Trump won.

[Interviewer]

Cool.

[Miguel]

They said they're going to wait until the beginning of the year and then we're going to go back on schedule. And basically under Trump, they, they did not cut. So they didn't cut from basically April of 24 till September of 25. So they didn't cut interest rates for a year and a half. So they left it at a really high rate where it's now, now, you know, company. You know, there's a lot of corporations here in Vegas or around the world that basically have to refinance debt. And the, they're paying so much more now that it's basically just draining them out of like all this money and stuff. Because, you know, because you, I mean, even if you had a company that was getting really shitty rates, the rates will at least still be 6%. You know, if you had incredible credit as a business, you can get 2.9 or interest only loans.

[Interviewer]

Yeah.

[Miguel]

You know, you can get, you can get very cheap money now. Money is not cheap anymore and a lot of free cash flow is disappearing to interest basically. So that's what's really hurting a lot of corporations. Las Vegas is hurting pretty bad because they're, they're like the debt they got for cheap during, during that whole like 10 year run from like 2010 to like 2020 or 2021 0% interest. They're having to refinance that debt because they have to reborrow debt. And now the, the interest payments, I mean, because the debt that's at zero is starting to come due and then it just keeps going higher and they're like, oh my God, it's, it's just draining them.

[Interviewer]

And also VCs I heard, own a lot of the hotels now and properties.

[Miguel]

Oh yeah. I mean, I'm not too happy about, you know, because I mean, I've, you know, I've lived here, I've lived for five years. I mean, the, they did with Caesars, like Caesars is actually profitable. But what they did is like, you know, the venture capitalists, the vulture capitalist, they went into Caesars, took it over. They sold off the real estate, not the casinos, the real estate to Like a private group. They sold Caesars off. They made their money off of selling Caesars back to, like, whatever other venture capitalists wanted in or whatever. The corporation, I think they went public again. And then that company that owns the real estate increases the rent by, like, 2 to 3% every year. So that real estate company is the one actually making all the profit on Caesars. So Caesars is paying this. This exorbitant rent on the casinos, and they're now. They're losing money now every quarter.

[Interviewer]

Wow.

[Miguel]

And that's why the stock is, like, down. I mean, if you look at it, it's just like. It's like a crypto. It's like a crypto right now, straight to the bottom.

[Interviewer]

That's not good. Caesars is one of the big players out here.

[Miguel]

Yeah. And. And so you got Caesars, you got mgm, and then there's kind of like the. The big player they're really scared of right now is, you know, Hard Rock.

[Interviewer]

Oh, are they?

[Miguel]

Yeah, because, like, Hard Rock's opening the big casino right there, and they got the money, and they. Because they have essentially, like, these little. I wouldn't say mafias, but they essentially have these little, like, areas where there's no competition. So, like, the Hard Rock down there at Seminole, the Hollywood and stuff makes a fortune. I mean, it's because they're the only game in town that big, so they have. They have the bankroll.

[Interviewer]

Where? Like, in Florida, Right?

[Miguel]

In Florida. Yeah. And they have tons of casinos everywhere. I mean, I think they're the. Basically the biggest. Like, I think they're still privately owned, like, Indian reservation casino.

[Interviewer]

No tax for them, too.

[Miguel]

No tax, no nothing. They're in areas where they're the only game in town. So they have the cash flow to actually.

[Interviewer]

Great market. Yeah.

[Miguel]

Yeah. And they're finally building a really big casino because they had built one early on, I think in the 90s or the early 2000s, but it was, like, off Strip, and it just didn't. It just failed. But I think the on Strip one's gonna make money.

[Interviewer]

Yeah. I wish I was Native American. I'd be collecting those tracks.

[Miguel]

I'm like, sean, bro, that's what we gotta open this casino.

[Interviewer]

They have a weird system. Like, cousins get checks from those casinos. I don't know how it works, but.

[Miguel]

But there's, like. There's weird things I didn't know about this, so I have a buddy of mine that's, you know, Native American, and there's something called blood rights, where most tribes have laws where you have to be 90 to 100% Native American in order to get that.

[Interviewer]

Got it.

[Miguel]

And that those laws were put in place by the US government, which I didn't know that. I thought it was just self, self imposed.

[Interviewer]

Yeah.

[Miguel]

But no, it was like, it was basically a way to slow down and basically stop the population of Native Americans. I can call themselves Native Americans.

[Interviewer]

Got it.

[Miguel]

So it was a, it was kind of a weird like sort of thing. So like it does concentrate power in those, in those certain tribes. I mean they're trying, but it kind of like disincentivizes like maybe a person wants to breed with somebody else and that's fine, but like if I do, I'm gonna lose my.

[Interviewer]

Yeah, that's kind of a big deal actually. Yeah.

[Miguel]

And I was like, whoa, that's, that's crazy. It was just a way to kind of just blend it out, basically.

[Interviewer]

Yeah.

[Miguel]

Time get rid of the problem. And I wish I could remember my buddy, my buddies, like his sister, his sister went on Joe Rogan to talk about.

[Interviewer]

Oh, yeah, did she qualify for it or.

[Miguel]

Yeah, when she did qualify for it, they're from la, but they talked about this. This was like a systematic program to basically just lower the percentage. Like there's so many. You could still be culturally Native American, like 50 Cherokee. Right. And like 50 Mexican or whatever you are. Right. Or white or whatever. And then. But you're not on paper, 100American anymore. So then you're counted as like mixed or something. Or you'd be Latino now.

[Interviewer]

Yeah. And then you lose that money. Right. That's some good money you'd be giving up. Yeah, it's, it's, that's a tough choice, honestly.

[Miguel]

Yeah. So you're like, I have to, I have to marry my third cousin or no checks.

[Interviewer]

Yeah. Miss me with that. But overall, are you feeling optimistic about Vegas? I know in the news they like to say tourism's dying here and all that stuff.

[Miguel]

I, I'm, I'm very bullish on Vegas. I, I think we, I think there's going to be a resurgence in real estate in Vegas about maybe like the summer of 27.

[Interviewer]

Yeah. We're getting MLB, NBA.

[Miguel]

Yeah. There's a lot of stuff coming. F1's kind of flailing. Right.

[Interviewer]

Last year sucked.

[Miguel]

Yeah, it was not that great. The first year was great.

[Interviewer]

Yeah, first year was good. Second year was decent.

[Miguel]

Yeah. The traffic's. It's getting better. But like, man, the first two years of traffic were pretty bad.

[Interviewer]

Oh, first year was awful. Yeah. But then you Go to la and you're like, yeah, I'm staying in Vegas.

[Miguel]

Yeah, staying in Vegas, exactly. But no, no, basically. So, okay, so May 12, we got a new Fed chairman. Trump's gonna point his guy, he's going to cut rates 100 basis points. That is a, that is around the point where like interest rates get low enough where it might start making sense to refinance. Maybe not some people won't be able to purchase homes. But the amount like the, so like, where's the last bastion of U.S. money, right? Like the top 10% of, of households own almost all the stocks, right? But the average American, where do they have wealth in housing, right? And if you bought a house, so I'm not talking about a person that bought his house in the 80s or 90s, right, but if you bought like your house somewhere 2010 to 2019, you, the average person has about a hundred to $300,000 of equity. That's where it's going to come from. So why, I believe there's going to be a nice run into 27, 28 and 29. It's going to come in from people refinancing or taking out mortgages on homes. Also, you have a lot of boomers right now that like, maybe they can't like the housing prices keep going down. Let me, I, I don't like this but like, I know people, I know people in real life that are taking reverse mortgages. I think that's predatory, but like they're doing it because that's the only shot they have. So yeah, I'd rather live in the house and then would die in. And like, you know, how do those work? Reverse mortgage? For the most part, the way, the way they work is you essentially get a certain amount of. So they take, they take your property, depending on the company, they give you like 60 to 80% of the money, but in payments. So you get to live in the house. You don't have to deal with the property taxes anymore, but you get a pay, you get a paycheck every month and basically when you die, the property gets given over to the company.

[Interviewer]

Got it. You don't own it anymore.

[Miguel]

You don't own anybody yet to live there, huh? You're renting, you're rent, you're essentially renting, but you're getting paid to live there. So it's, so it's like you're getting equity out in payments and you don't, you just live there for free.

[Interviewer]

Okay.

[Miguel]

But you die. It's, you know, that's, it you're dead. You know, they get to keep it or, you know, and, and then you, you base are giving up a lot of equity.

[Interviewer]

So that's how they make their money. They want you to die earlier.

[Miguel]

Yeah. They're betting on you dying.

[Interviewer]

Okay.

[Miguel]

Yeah.

[Interviewer]

So it's like life insurance.

[Miguel]

Yeah. Because like if you're like, for you, if you do this, they'd be like, no, like you're too young. Yeah, you're going to get us, basically. So it's like they would just tell you to just get another mortgage on it or sell it.

[Interviewer]

Got it.

[Miguel]

Yeah. And this, a lot of people are probably going to get another mortgage on these properties because if they're having trouble selling it and the interest rate gets low enough, well, I can handle that payment that I used to pay twelve hundred a month, but the new payment is three thousand versus now might be five thousand. Well, if I take the equity out, I'll get three hundred grand. I'll have a three thousand dollar payment. But you know, honey, three hundred grand like it, you know, and. Yeah, yeah. And that's what a lot of people are going to do. So this is where like that money's gonna be thrown into investments or thrown into cars. You know, people always waste their money.

[Interviewer]

Yeah, yeah.

[Miguel]

So it's going to be like 80 of the people that do this are going to spend it on an escalade, a vacation and maybe they, they throw some money into something or they take a trip basically.

[Interviewer]

Yeah.

[Miguel]

And that's what's going to happen and that's where the money's going to come out of.

[Interviewer]

Yeah, you saw that with the pandemic.

[Miguel]

Yeah.

[Interviewer]

Blew their money.

[Miguel]

It's, it's crazy.

[Interviewer]

You know, they got that PPP money and blew it within months.

[Miguel]

One of the big things that the Federal Reserve was talking about was the reason they increased the rate so much was to kill the inflation. But the reason they kept in the interest rate so high was there was too many people that had savings from 21. They were watching the amount of American savings. So like I, I think, I, I think at the peak was we had, we had the average, the average American had about maybe like they had finally gotten to the point where like they were saving about maybe 20 to 30% of their income in savings, which is high. Now it's gone below 2%.

[Interviewer]

Wow. Not surprising though.

[Miguel]

So, you know, we had a 21 high. People had a lot of money. People were saving and they, they were like, Americans have so much money that like now like they have the type of money now in savings. So that's an average. Of course there's some guys that have a ton of money and other people just have a little bit, but they're like, these people have so much money now that like they can be selective of going back to work. So Covid, like freed people from the Matrix. Right. And like, wow, I can just work from home.

[Interviewer]

Yeah.

[Miguel]

Why would I go back to the office? So now they cracked the way people are going back to the office now because they're forced to. So we went from, we went from like a, you know, an employee market to like an employer market. The employers have all the power now.

[Interviewer]

Yeah. And it's going to get worse with AI.

[Miguel]

Yeah. And that's the crazy thing is like, like I do think most of the companies right now we are in an AI bubble. But it's real. It is real. We will get a crash, but like it's going to be real. It's absolutely real. I use AI myself. Like it's so great. Like I used. I come up with a newsletter now. I, I put, I input the newsletter into, into my software and we have two people like discussing the topics on our newsletter back and forth on a podcast form.

[Interviewer]

Wow.

[Miguel]

A guy and a girl. And there. It sounds great.

[Interviewer]

That's nuts. It's, you know, Google's AI.

[Miguel]

No. Perplexity.

[Interviewer]

Perplexity.

[Miguel]

Perplexity. Yeah. And I'm like, dude, this is insane. I can't believe. And most of the a we're using now is mostly for shorts.

[Interviewer]

Y.

[Miguel]

Shorts and clips and stuff like that. Yeah, yeah, yeah. And it, but it's, it's crazy. Like how much would you have to pay someone like, you know, I mean, like that's what like maybe a $40,000 a year. Spence.

[Interviewer]

At least spend. I spend 10k plus a month on editors.

[Miguel]

Yeah.

[Interviewer]

So it depends on your volume.

[Miguel]

But yeah. I mean right now we're in kind of a weird thing where you're, you're probably paying for artisans, which is probably very smart for you. For like the average guy. They don't have money. So like they would just put my, put my, put my show into, into this clip funnel.

[Interviewer]

Yeah.

[Miguel]

And then they'll clip it out and then it doesn't matter if they're low grade or high grade. But like I need clips.

[Interviewer]

Yeah. I pay for really high grade editors.

[Miguel]

Exactly. And that's where the big money is right now too is like you have to be like skill 1%. Yeah.

[Interviewer]

You gotta be skilled.

[Miguel]

You gotta be skilled.

[Interviewer]

So skilled that AI can't replace you yet.

[Miguel]

Yet.

[Interviewer]

But eventually it will. I just did my whole website. So the previous site I had, I spent like 4K.

[Miguel]

Oh, yeah? Yeah.

[Interviewer]

And it was okay. I just redid my whole site with AI for 100 bucks and it's converting three times higher than my old site. Isn't that crazy? And I did it myself. You literally type in what you want on the site. It starts doing it and then you're like, nah, nah, change that, change this, insert this image. Crazy, bro.

[Miguel]

The. The most important thing with AI, with humans is it's not going to be like, it's not gonna be skills. It's going to be imagination. Like, that's going to be one of the biggest, like, actual things is like, we're gonna find out who actually has the most imagination.

[Interviewer]

Creativity.

[Miguel]

Creativity, yeah.

[Interviewer]

Stand out.

[Miguel]

Because it's like just about everything we do is going to be like, at least in the white collar world, it's going to be monetized. Like I event. You know, the big play with like, you know, we were talking about, you know, the. Because we have like OpenAI going public soon. We have.

[Interviewer]

They're not even profitable, by the way.

[Miguel]

Oh, no, they're not.

[Interviewer]

They're bleeding money.

[Miguel]

So we're going to have, you know, SpaceX, which was a fusion of SpaceX and Xai.

[Interviewer]

Right.

[Miguel]

They're like. And then of course, we have Tesla. It's already public, but Tesla is pretty much like, they're taking the S. They're taking the S model away and they're converting all the factories to make robots.

[Interviewer]

Really?

[Miguel]

Yeah.

[Interviewer]

I didn't know that.

[Miguel]

Yeah. And their shareholders, like, what the. What are you doing? What do you mean? These robots aren't even profitable. What are you using? I don't care. Like, these cars, we're not making that much margin or money on them anymore. It's like the really fast cars, but like, we'll just focus on the. On the why? On the Y based. Yeah, on the Y. And so most people are. And then the lowest grade in Tesla.

[Interviewer]

Model 3.

[Miguel]

Yeah, the Model 3.

[Interviewer]

Right.

[Miguel]

And we're just going to start building these robots and they're just, they're going to ramp production up to just building robots and robots. And robots. Because they're just, they're going to, they're going to lose money on it. But like, eventually, like, he's, he's going to have like this workforce and those robots are going to be used in warehouses.

[Interviewer]

It's hard to bet against Elon.

[Miguel]

Yeah. I mean, Tesla is going to Win pretty big in the long, short term. Of course, it could be volatile, right?

[Interviewer]

Yeah.

[Miguel]

But Amazon's going to win big. Google's going to win big. Because Google's. I mean, Google's got so much money and they partner with Apple that they have the bankroll to survive the crash. They're not going anywhere. They're not going anywhere.

[Interviewer]

Yeah.

[Miguel]

Especially if like Apple's the one that kind of fumbled the bag. Yeah.

[Interviewer]

They had a lot of potential. The AI on Apple sucks.

[Miguel]

Yeah. They fired their top guy.

[Interviewer]

Oh, they did.

[Miguel]

They just got rid of.

[Interviewer]

Yeah. Because they got so many users. But their AI. I don't use their AI. I turned it off. Yeah, it's so bad. Like it used to summarize my text, but it doesn't work. Yeah, it's like shit, you know. But the best one right now is Claude, in my opinion.

[Miguel]

Claude, really?

[Interviewer]

Claude. AI. Have you used that one?

[Miguel]

And it's Entropic, right?

[Interviewer]

I think so, yeah. Yeah, yeah, yeah, that one's good. Manus is good. Open AI in the bed, I think.

[Miguel]

Yeah.

[Interviewer]

I don't really use theirs anymore.

[Miguel]

They're holding. I mean, it's, it's because, I mean, that's all like the guys who started that company, Claude or whatever, they're all, they're all guys that started Open AI originally. They left the company and here's the crazy thing. So Open. I was supposed to go public in September of this year. They heard Entropic was going to go public in June, so they moved it up. So somewhere between April.

[Interviewer]

Got it.

[Miguel]

They're trying to front run them.

[Interviewer]

Yeah.

[Miguel]

And then you saw the stuff with the Pentagon. The Pentagon called them out and said like, you guys, we're not trying to help us kill people.

[Interviewer]

Yeah, well, they don't. They report their, your search history to the government or some. I saw that. All of them do. Yeah, I don't with that. Oh, all of them do.

[Miguel]

Oh, they have to.

[Interviewer]

Oh, wow.

[Miguel]

Yeah, they have to. Yeah, it's. It's super up.

[Interviewer]

Wow.

[Miguel]

I mean, everything does. I mean like they can hack into everything like, like, like this, like the, the government pretending they can't hack your iPhone. They were trying to make a law case a couple years ago and Apple defended against it saying like, the FBI, we're not going to give. We're not going to help the FBI hacking your iPhone. They already could. Already. They just wanted like a legal president to do it so they could just do it without getting in trouble. Yeah, they could already hack your iPhone easily.

[Interviewer]

Multiple countries too. I Just saw Bezos iPhone got hacked in Saudi Arabia.

[Miguel]

Really?

[Interviewer]

I saw it on a diary of a CEO podcast.

[Miguel]

Probably was. That was probably Pegasus.

[Interviewer]

Yeah. Who knows? But multiple governments can do it. Yeah.

[Miguel]

Not just the US I'm shocked they don't have like dci, the C. Like they don't have these kind of CEO phones or something like that. Like.

[Interviewer]

Yeah, they should. I'm sure the president has something, right?

[Miguel]

They have to. They have to. Yeah. It's crazy. Everyone's spying on everybody. Yeah.

[Interviewer]

I. I naturally assume every call in text is being watched.

[Miguel]

Yeah, you have to. You have to.

[Interviewer]

You know, especially people like us that are disseminating information that can up systems.

[Miguel]

The crazy thing is like. Like what? In 10 years you're gonna have like Sean Kelly AI that's just gonna be like doing shows.

[Interviewer]

Less than that, dude.

[Miguel]

Yeah, yeah.

[Interviewer]

People are already cloning themselves. Digital twins, they call it. Really? Yeah. And they're already putting them on. People pay them to get advice from them. So like you could clone yourself and give crypto advice and people pay to talk to you. You feed it all your content. Yeah. So it knows everything, you know.

[Miguel]

That's crazy.

[Interviewer]

It even talks like you. That's gonna be a thing though.

[Miguel]

Like. Oh no, it is.

[Interviewer]

I'm sure in the future you could pay Einstein to learn from him.

[Miguel]

I mean, it's gonna be. Is what you have to create content right now or get in the game or get a. You know, you have to get sort of like some version of IP for yourself.

[Interviewer]

Yeah, that's what Gary says. Now make your money right now. Because who knows in the future you

[Miguel]

got like five years. Because it's like, like, you know, I look at crypt. You know, I think my first interview with Gary GG33 was I think in December of 2022. You know, he said, in 26, crypto's gonna crash. And I was like, I totally agree with you. Because that was the four year cycle. So 25 was going to be the top in 2026 was going to be a bitcoin crunch.

[Interviewer]

Never said you guys were crazy back then.

[Miguel]

Yeah, it was in. But it's like we're in a four year cycle. There was actually, because all the money was coming in, it looked like possibly we could pump into 26, but it just didn't happen. It just didn't happen. My. My kind of top that I called for Bitcoin was 138. Wow. We only called it. I called 138, but we only went to 126.

[Interviewer]

Yeah. But you were close.

[Miguel]

Yeah, it was close, but like, it was like, it was very underwhelming. Like we made, we made a lot of money in 23, but from, from buying from 20, the end of 22 into like halfway into 23, majority of the profits were made for, for 23 and 24. And then 25 was just kind of

[Interviewer]

like, I lost money last year.

[Miguel]

Yeah, we made some money, but like, it wasn't like, it just was like, cool, I'm up 30 extra percent on this or that. It was mostly meme coins.

[Interviewer]

Yeah.

[Miguel]

Like where I made money on meme coins was actually I, I would, I followed really funny pages for meme coins that went viral on Instagram and I was able to catch because like people were telling me to go on Tik Tok. But I. What I figured out is the Gen Z don't have any money. They can make. They can make things go viral, but they really don't have money. Their coins would only pump to a few million.

[Interviewer]

Good point.

[Miguel]

And that's TikTok.

[Interviewer]

Yeah, TikTok shop. They discount everything like half off, right?

[Miguel]

And. But they just. Younger. The demo's younger. They don't have as much money. They can go, they, I think they can, they can get views and make things go viral. But I will see, okay, what the most millennials are on Instagram, right? 30 plus what things go viral for them. You know, and I caught on to, I mean, some very dumb coins. I mean like fat, which is like, you know, fat fellas. And to pet Pepe. Pepe's one that I caught from like YouTube and Instagram Reels. Like, that's a coin. That's the highest performing meme coin this cycle in terms of market cap. It launched at, you know, zero. It went to $11.2 billion.

[Interviewer]

That's craz.

[Miguel]

Caught that at about maybe $30 million.

[Interviewer]

Holy crap.

[Miguel]

Cuz I used. If you've seen my show before, I usually have like a little Pepe clock. So I, I always in Pepe memes all throughout 21. And so this Pepe coin came out in 23. And you know, Gary told me, you know, like, you know, Miguel, you're. You're a goat. So like, this is, you know, this is a good year for you. 2023 is a good year for you. It's the year of the cat or whatever it was, or the pig. And I was like, it. So I, you know, I threw like 6 Ethereum into it and stuff and every ethereum became like 100 grand.

[Interviewer]

Holy.

[Miguel]

Yeah, it Was like, I threw more money as it went up and stuff, but, like, it. I made a like 50x. Yeah, that was. That was my biggest hit of the cycle was Pepe. Absolutely.

[Interviewer]

And then zcash. You guys crushed.

[Miguel]

Yeah. I just like, here's the thing with Zcash. Like, I did buy Zcash about 10 grand of Zcash. I didn't buy as much as, like, Gary bought.

[Interviewer]

Gary made millions.

[Miguel]

He made insane. I did good. But like, but the thing is. Here's the thing is I bought 10 grand. It was between like 25 to $30. Zcash. Right. I bought 10 grand of it. It didn't do anything for three years.

[Interviewer]

It was flat.

[Miguel]

Yeah. Like, I mean, like three years. Three years. Almost three years.

[Interviewer]

You were way too early.

[Miguel]

Yeah. But like, we got to buy. I believed. I believed them. So I was like, you know, screw it. I mean, we have cash. We still, like, you have to understand, like, we just like left 21.

[Interviewer]

Yeah.

[Miguel]

Tons. We have tons of stablecoins.

[Interviewer]

So I was like, screw it.

[Miguel]

I'll throw a ten grand at the shot. You know, I'll listen to my buddy. And I almost forgot about it until, like, Zcash is like, hey, started moving to $70. And I was like, oh, what the hell is going on? And you know, it. It. You know, it peaked above 700 bucks.

[Interviewer]

Wow.

[Miguel]

So, like, you know, I. I made some good money on that. That was a nice hit for me. But you know, Gary, he threw. He threw the truck. He threw the Brinks truck at it.

[Interviewer]

Yeah. I got it respected, honestly.

[Miguel]

Yeah.

[Interviewer]

Like, everyone was on him. He came on my show years ago and was telling people to look into it. Yeah. And people were like, this guy's a clown.

[Miguel]

One of the reasons why I also believed him a bit on, on zcash was because the tech. So the ZK technology was being used everywhere. So the. Their tech was legit. Really, really legit. But the thing is, is, like, I didn't know the background. I mean, it's basically very Israeli based now, like Z Cashes.

[Interviewer]

Oh, is it?

[Miguel]

Oh, yeah, there's. It's a lot of massades in it. Like, oh, there's a lot of money in. In that coin. And the. One of the co founders is. If you see him, he looks insane. He is literally a transgender. He turns of transgender. He's a transgender woman now.

[Interviewer]

What with.

[Miguel]

With a balding head.

[Interviewer]

I can't believe Gary still supports this on.

[Miguel]

Well, it's because it's not known that. Well, it's just. It's like you have to be a crypto to work to like. I was like, all right, who? The founders, normal guys. There's like Zuko, there's some people in there. And then you see this guy and I bet you if I'll show you after the stream because to find you, you're going to be like, what in the fuck?

[Interviewer]

That's crazy. We'll throw up an image.

[Miguel]

It's like I was like, bro, I was like, how much money? Like, all right, pay me 50 grand. I'll take you to Thailand, we'll get you some surgery. Like if you want to be a girl, like it's like, go to Thailand, dude. Like you're like, like you want to be a lady boy, then go be a lady. But like it looks insane. Like no tits, balding. He has meth mouth.

[Interviewer]

Wow.

[Miguel]

Super intelligent or she, he, she. It is very, very intelligent, incredibly smart and people are like having serious conversations when like his half his teeth are rotted out. They're yellow, they're stained. The only people I've seen with those teeth like that are from doing method.

[Interviewer]

Yeah, I'll pass on that one.

[Miguel]

It's. It's. And then here and here's the big other that happened. So, so basically zcash essentially, it looks, the structure to me looks like it was created as a. It was, it was create just like open. So OpenAI also was created as a non profit. It looks to me like it was created as a non profit and these guys now want to make profit. So the team essentially. Hey, we're, we're, we're abandoning, we're no longer going to work within this. The structure that controls zcash it will still operate, but we're no longer going to upgrade it. And they made a new wallet called Cash Z. Wow. So it's like I took profits on it and I don't hold any right now. The token's still going to be operational and I think the reason they did that was also just so they wouldn't get hit up later because it is private. I think Monero is safer. But with like Monero, you buy Monero and you put in the wallet, you have to leave it there for a, for a week or two. The way it can be tracked is if you, you buy the coins, you move from exchange to your wallet and you. And you just start buying stuff that can be tracked.

[Interviewer]

Got it?

[Miguel]

It has to mix within its network. So as it's in the wallet it just mixes and mixes and mixes and mixes and then you, they it's very.

[Interviewer]

Buy it on a decentralized exchange, right?

[Miguel]

Yeah. You move it to a Monero wallet, you leave it there for like a week or two.

[Interviewer]

Got it.

[Miguel]

And then it's, it's properly mixed and it's fine. It's the same thing with like, if you use Tornado cash, which is legal to use now.

[Interviewer]

Oh, is it?

[Miguel]

Yeah.

[Interviewer]

That guy got though.

[Miguel]

I thought, yeah, they, they basically pardoned him now they let him go. Yeah, it was, it was such. He just created and he, he like, he didn't like, there's no coin behind it, he just created software.

[Interviewer]

Yeah, I remember Biden's team arrested him, right. A while ago.

[Miguel]

Yeah, they let him go. They let him go. Same thing with like the samurai wallet guys. But the samurai wallet guys are still in trouble in Europe because allegedly they, they were kind of doing like silk roadie stuff.

[Interviewer]

Got it.

[Miguel]

Yeah.

[Interviewer]

So like, yeah, Europe's not a spot you want to get arrested at.

[Miguel]

Yeah. And almost all the top Monero guys got arrested. Like this guy called Fluffy Pony. And excuse the name, but he was

[Interviewer]

one of the founders.

[Miguel]

He's one of the co founders. Yeah, he's like, it's like, no, nobody knows who the founder is but like there's certain guys that are like, you know, that like I was like, hey, I'm a narrow. And I saw him on podcast before and he, you know, he had like 400, 500 thousand dollar watches and stuff. And because Monero's so private, you don't have, you kind of know the inflation rate, but you don't really. And where does it go? Yeah, so like, you know, he had money, he got, he, he had a connecting plate to San Francisco. He got picked up in San Fran.

[Interviewer]

Wow.

[Miguel]

I don't know what's happened since. I don't know.

[Interviewer]

Yeah, they got the telegram guy in France. That one scared me too.

[Miguel]

Yeah. But he did have the pull to get out. France is the absolute. So like, let me give a big pro tip for the guys to keep your money safe. If you have a ledger, move your money off of ledgers.

[Interviewer]

Really?

[Miguel]

Ledgers are now based in France. The amount of hacks that happen on ledger is like frightening. There's a huge hack on ledger in terms of people's personal information. So emails get out, got out personal information, phone numbers. And the amount of money that's been stolen by this personal information that was leaked out has been like monstrous. I'm to the point now where I think the French government has their special operations in like, you know, in cyber Security, stealing money.

[Interviewer]

Wow. Like North Korea.

[Miguel]

Yeah, like North Korea. But they're building like a private, like reserved for France. That's been my big conspiracy because I, I, I love the French people. I hate the French government. They, they do all the biggest in, they're, they're always linked to so much like it's insane. So like I like if I were to recommend you guys a cold storage device. It's a Treasure Model 5. There's a new Model 7. It's very advanced, it's very good. But the Model 7 has Bluetooth connectivity to.

[Interviewer]

Oh, that.

[Miguel]

Yeah, the Model 5 doesn't.

[Interviewer]

Yeah, you don't want that.

[Miguel]

Exactly. It's because I mean you can, everyone knows you can hack wifi easily. You can black. I'm sorry, not WI fi.

[Interviewer]

You could hack WI fi too, but as well.

[Miguel]

But it's scary. You want, you want your vault to be as dumb as possible. Like I saw a clip recently of XCAA guy, that base. I think, I think they took some of my information for how we use wallet storage because I have, I've taught my students over the years in the crypto mindset courses, a three wallet system. You essentially have something called a virgin wallet and condom wallets. So I make these funny names for all the red pill guys so they kind of like, so it sticks in their head, right? Yeah. So it's like a virgin wallet is where I place my Bitcoin and Ethereum here. It never uses Uniswap. It never does anything other than I send Bitcoin, Ethereum or Stable coins to another wallet. Then I have a secondary wallet. This wallet will use Uniswap swap and use the most safest apps in Ethereum or that ecosystem, whatever salon ecosystem. Then I have a third condom wallet where it does the most degenerate it the hookers. You know, it uses the DAPs. It uses Ponzi's. You know, you buy meme coins with it and you have this three tier system where if there's a breakage in the system, you either get hit in the second or third wallet, the one with the main money safe. Because this never connects to anything. It's on, it's, it's on, it's, it's never connected to anything other than a Treasure Air Gap computer.

[Interviewer]

What's Air Gap?

[Miguel]

Basically it's like once we're done using it, it's off the Internet, it's disconnected. So like you could have a computer, you only use it for crypto. You don't start that. You don't do anything other than like, you go to these web. Like I show people how to like, go to these websites and save and safely save bookmarks on the computer. So you always go directly to Uniswap, or you always go directly. And you wouldn't use that on this, but like you would, you would use on the secondary wallet. And this method makes sure that you don't go because what'll happen is like, oh, fuck, what's the link to this website? So you go look it up. You could accidentally click a wrong Google

[Interviewer]

search because they've run Google Ads to fake phishing sites and it's 2am you're just.

[Miguel]

And you get robbed. So this system has basically eliminated like 99% of the hacks, but there's still human error. So the human. So this, this wallet system that I created was to basically protect the most from human error. If there was a human error, they get like. Let's just say you have a third third of your money here, third here, third here. You only get hit for a third because usually what people do. So. So I had a student mine. This is a crazy. This happened about a year ago. He had a ledger. And he was not recommended to have a ledger, but he had a ledger. He connected six individual different wallets on this ledger, which is already like a lot. And essentially they, because he was a part of that hack, they got his phone number, they managed to text him

[Interviewer]

a code, they got SIM swapped.

[Miguel]

He got. Yeah. And they managed to get him on the phone. I don't know how he fell for this. Like, it was, it's crazy, you know, like, we helped him as much as he could, but like, he, he, they got this code from him. They were able to log into his ledger. They stole $340,000. The only money that wasn't stolen from him was 20 grand he left on Coinbase.

[Interviewer]

Wow.

[Miguel]

It was the human error. And he didn't follow the, the parameters of having everything split up a little bit.

[Interviewer]

So he gave his seed phrase.

[Miguel]

No, he, this is why I don't like Ledger is, is he had an advanced, he had advanced features on Ledger activated. So they, they, they, they basically had a, a special, like, text code that was given to Ledger. So Ledger would send this code to his phone and that code was. Then he gave it to the people.

[Interviewer]

Oh, wow.

[Miguel]

And I know. So it's like, bro, you, like, we literally talk about this. Everything's fake. If I call you about your crypto, it's fake. If, if, like, if an email is fake, a Text message. Everything is fake. Unless you literally go on Coinbase, you buy a crypto, then you see an email. You just bought $10,000 of bitcoin. Oh, yeah, I just did that. It has to make sense. Like, I just did this on Coinbase and I got the email. Cool. They're just receipts. I don't care. Coinbase. Hey, alert you. You have text tax. No, I have to always do everything myself because of my own human thought. Not because I get notified from a text message, from an email, from anything. Yeah, there's no help on crypto in terms of, like, if, like, MetaMask is never going to call you. Uniswap is never going to call you. Coinbase will never call you. They'll. They don't. They don't want the liability. They will never call. You would literally have to go to New York and. But you already went. You went to New York for it to happen. You could get a phone call maybe. Right. But you were like, I'm waiting for a phone call from Coinbase. Because I just went to Coinbase for some, for some OTC deal and. And they called me. Hey, is this Miguel? Yeah. Like, you just went to. Yeah. And then you, like. But even that, I'd be. I'd be super sketchy.

[Interviewer]

You have to be, dude.

[Miguel]

So everything's fake. So, like, this is why, like, like, even, even for my students, I recommend them not to use Discord. Discord, it is the worst possible, like, app to use. You use Telegram. Telegram is much safer. It's still not 100. There's never 100% safe. But like, we, we have groups in there. We keep them very simplistic. We don't allow to share links, but it's a great, it's great resources. But Telegram is a lot more harder for scammers to put things in place if you limit the links. The sharing of links.

[Interviewer]

Yeah.

[Miguel]

So we don't allow to share video. We can share videos, or we share links to stuff that we know is safe. But we don't allow our students to, like, just randomly, hey, click. Go to this website. No.

[Interviewer]

Yeah. Never click a link from a stranger. Exactly. Not even Instagram. Not even text.

[Miguel]

So, like, I've. We've had to treat our students, you know, correct. I mean, like, like, Miguel, you're too parent. I don't care. Me being a paranoid has, like, protected millions and millions of dollars.

[Interviewer]

You and I have heard the worst stories.

[Miguel]

Yeah. It's crazy. I mean, you, you were in the NFT game. You know, you've heard the horror stories. Like.

[Interviewer]

Oh, my horror stories. Some people just clicking a link.

[Miguel]

Yeah.

[Interviewer]

And they lose millions and SIM swapped

[Miguel]

and stuff like that.

[Interviewer]

I got SIM swap.

[Miguel]

Really?

[Interviewer]

But I was smart, you know what I mean? You could get SIM swapped and not lose anything.

[Miguel]

Okay. Oh, because you didn't, like, respond to anything, basically.

[Interviewer]

No, basically I didn't connect my phone number as a recovery source to any of my login. Oh, it was an authenticator.

[Miguel]

Yeah. You had the authenticator app. Yeah.

[Interviewer]

Yeah. But some people have their phone number connected, so that's how the SIM swap works. And then they get your coinbase and your email and. Right. But yeah, that happened to me. They do it at night. So, like, you're sleeping, you're sleeping.

[Miguel]

You want.

[Interviewer]

I didn't go to my phone carrier. Yeah. That morning. Yeah. SIM swap is not fun. And now they have SIM pins you could turn on.

[Miguel]

But like, I remember back in 2017. No, I'm sorry, 2018, I went to, you know, I went to my phone carrier and I asked for this specifically. Now it's, it's, it's. It's a. It. They do it to all iPhones.

[Interviewer]

Yeah. And now there's an. If you go on the app, there's a SIM pin thing you can toggle on and off.

[Miguel]

Yeah, there's. I mean, there's all kinds of stuff I added to it because they got

[Interviewer]

sued up the ass, bro.

[Miguel]

Oh, dude. I mean, the amount of money stolen is insane.

[Interviewer]

Yeah. A couple guys, like, I think. Was it Brock Pierce? It was someone huge. Got sim swap bad in our. In the crypto space.

[Miguel]

Yeah, I, I wouldn't, I wouldn't doubt it. And like, there. Even though iPhone has its problems. Right. I usually recommend when people ask me, what phone can I use? Don't put crypto on your phone. But I understand you might use like an app to buy some and then you'll transfer it later. I get that. Like, I'm realistic, Right. I tell people you want an iPhone over Android.

[Interviewer]

Really?

[Miguel]

Yes.

[Interviewer]

That's actually surprising.

[Miguel]

Yeah. Android, their, their, their ability for the terms and services and the amount of background that they check for app developers is almost like damn near zero for Android. So I. So when we were at Sticky Paws, right.

[Interviewer]

Yeah.

[Miguel]

I had a friend, I had a friend of. Maybe I shouldn't say the friend of a friend of a. An acquaintance of a friend. Miguel. This guy is like, he's a, He's a big donator to me. He's a good guy. He's an older feller. He, you know, he Runs a lot of restaurants and stuff like that. He. He's made a bunch of money on this app off crypto. Could you check it out? Because he wants to, like, withdraw it. He's having trouble. I check it out, and he. He basically got. There's a lot of elderly people getting honey potted by Asian honeys.

[Interviewer]

Yeah.

[Miguel]

And these Asian honeys will basically get them to download an app on Android. And this Android, essentially, like, they do it in the Hispanic community, too. They do it everywhere. It's. It's a huge. In Latin America where basically you. You go on this app, you deposit money to it. It's. You start doing trades with this girl. Like, I'm a trader. It's like, you're a trader. And these guys fall for it because they're getting this female attention. And this guy deposits $10,000. He's like, wow, we just made 30 grand. This is crazy. Like, I'm open. Like, I'm gonna go in with you. I'm gonna throw 30 grand. And then they see she deposit 30 grand. And then he's like, damn, this chick really does believe in this stuff. And so they see the trades. The trades are. They look profitable, but it's all. It's all fake paper.

[Interviewer]

Wow.

[Miguel]

And then he deposits $110,000 or $200,000, and she's like, I'll go half. Like, they make it so realistic. They're like, I can't. Honey, I can't throw that kind of money in. But, like, I'll throw 80 grand in and stuff like that. He's like, you got. You got way more money than me and stuff. But we're still gonna make money. Well, and then here's. And then finally, when they can't squeeze any more money out of them because, like, they're getting like, well, I'm making all this money on paper, but, like, I haven't touched it yet. Well, what they do is smart. If you want to withdraw it. Well, look, I've used this app for a long time. What ends up happening when you make money, that much money, you have to pay taxes on it first. So you have to deposit the taxes in the app to get.

[Interviewer]

Wow. One last milky bro.

[Miguel]

It's. It's brutal. And they made so much money off this guy. I don't want to say how much, but it was like, it's. It's a really good amount. She flew to Florida to see him. She. Him. Just to milk more money on.

[Interviewer]

Wow.

[Miguel]

So, like, there's this whole thing where like. Like these. They're like, how cheap. It's like, pay the, pay the $2,000. This guy keep the. She's part of the scam. They milked more money out of him. And then when he flew, he flew a sticky paws to come see us, my friend. And he brought him. I was like, brother, you lost your money, man. I I There's no way we track the wallets and everything like that. Like, no, the money, the minute the money touched, it got transferred.

[Interviewer]

Oh, he's paying crypto.

[Miguel]

He paid in crypto. They got, they taught him how to do all of it, bro. W an the app look real. But then I noticed something. It was an app within an app. So when you have a crypto wallet, you can search the Internet in a crypto wallet. That means you're searching your wallet. When you're searching the Internet through a wallet, that means your wallet's linked to that, to that web page now. So he was on a crypto app that was trading stocks, but that had to use stable coins. So they taught him to deposit on coin may send the money to the app. And then the money looks like it's there, but in the background the money call transferred out.

[Interviewer]

Wow.

[Miguel]

And it was, it was transferred out to another wallet. And that guy put through mixers.

[Interviewer]

That's a clever one.

[Miguel]

It's fucking crazy because we saw the money, the money got turned into uscc, got turned into Ethereum. The Ethereum got turned into a tornado, and it just stays in the tornado.

[Interviewer]

That is clever.

[Miguel]

It's.

[Interviewer]

I got scammed once. This one was so good that I couldn't even be too upset about it. I was selling concert tickets at Rolling Loud.

[Miguel]

Oh, okay, okay.

[Interviewer]

But it was a weekend. So like he showed me this banking app and he wired me the money and I was like, cool, I'll get it Monday. I literally saw him wire the money.

[Miguel]

Wire the money.

[Interviewer]

Fucking clone banking app, bro.

[Miguel]

Isn't that crazy?

[Interviewer]

So I gave him the tickets Monday. It never came. And then I talked to people that were at the concert. He said, they said he did that to like four other people. It's literally a fake Chase app. And it, yeah, literally asked for the routing account number. He typed it all in in front of me. Sent the wire.

[Miguel]

Yeah. There's these guys that reminds me a story of Fresh from Fresh and Fit told me a story of these guys you knew in Miami and this clubs were like, they would do that with apps. They would, they would be on, they would go on their, on their phone. It's a fake app. And it show it like they had a million dollars in their account. So that you. You've been. You've been some of those nightclubs out there in Miami, right? So like, like live and 11. 11 and stuff like that.

[Interviewer]

And.

[Miguel]

No, there's another one.

[Interviewer]

Oh, space.

[Miguel]

Not space. It's Mr. Jones. Oh yeah, yeah, Mr. Jones.

[Interviewer]

Right.

[Miguel]

So you know, it's all sections. So he would stand. Used to stand like this.

[Interviewer]

Right.

[Miguel]

And the girls would be on, you know, because instead of sitting down, the all the are just standing up.

[Interviewer]

Yeah.

[Miguel]

So you'd go like this. And he. So many women off of them. Like they would just look at his bank account.

[Interviewer]

Oh my God.

[Miguel]

Dude. I was like, that's smart. And price like game is game. But that's like, that's crazy. He would do this all the time. He would just. It would have a million dollars in checkings and then he and his, you know, you'd have your. Your savings account, million dollars and change. And then he have like $55,000 in the other one or something like that. So it's like he looked like he was transferring money to his main.

[Interviewer]

That's.

[Miguel]

Yeah. And then here's the grip. They would do what? I think he was working for the the the. Or he was working with a group that was working with the club. So then he would look like he was paying for bottles, but he wasn't. The club was giving the bottles for free.

[Interviewer]

Wow.

[Miguel]

So he was just. I mean, obviously no money was stolen, but he was like, he was. He was essentially doing sneaker. Sneaky game.

[Interviewer]

Yeah, that's.

[Miguel]

That's when the red pill's called sneaky game. When you're like a youth pastor that uses. That uses religion to. Or you pretend to be a leftist to these communists, you pretend to be gay. It's sneaky game.

[Interviewer]

Yeah.

[Miguel]

What a game, bro. At least he wasn't stealing people's money. Yeah, but like my God, I mean

[Interviewer]

he's going after girls that are materialistic. So it's kind of offsetting in my eyes.

[Miguel]

Yeah, but you're like, wow.

[Interviewer]

Yeah, that's smart.

[Miguel]

But like they would fall for that too. But that's crazy. But that's crazy too. It's the same thing too. Like there's that app they have where you can be live and it looks like you have. Oh yeah.

[Interviewer]

People going, I know the guy that made that up.

[Miguel]

Yeah, it's crazy. But smart.

[Interviewer]

That works. He got into so many exclusive events and talk to a celebrities because of

[Miguel]

that app, you know, I mean it's that is one of the sad things of me being on social media that I really learned. It's. It's a bit of a circus in the background. Like, I've been to Miami a bunch of times during these big. I've seen a lot of big streamers. They're beefing on stream and they're all chummy backstage.

[Interviewer]

Yeah.

[Miguel]

Oh, it's wwe.

[Interviewer]

Social media is fake it till you make it.

[Miguel]

Yeah.

[Interviewer]

Everything is an illusion. People are botting their numbers. Streamers are botting their numbers. They're botting fake beefs between each other.

[Miguel]

Like, that's why I really appreciate all the streamers from Vegas. I've. I've met so many real people here in Vegas. Like.

[Interviewer]

Like Vegas has a good scene.

[Miguel]

Yeah.

[Interviewer]

We got Rolo, Sartain, Bradley. We got some good shows out here.

[Miguel]

Sterling might come out here in a little bit.

[Interviewer]

Yeah, he's cool.

[Miguel]

He's cool. Selling a lot of dick pills right now.

[Interviewer]

Oh, is he?

[Miguel]

Oh, yeah, yeah. I always show, like, he's got this brand of, like, wood Stanima and stuff. Like, he's got all he's got. He's making some money, man.

[Interviewer]

Yeah. I mean, he's the face for that type of product.

[Miguel]

So. Yeah. It's crazy, isn't it? It's such a crazy world. That's why they're like, the double standards are bad, but they're sometimes good. Yeah. You know, you. You could be like Johnny Sins and it's like, it's only a benefit to you, but you're on only fans, girl.

[Interviewer]

It's.

[Miguel]

It's bad.

[Interviewer]

Men versus woman double standards. Yeah. That's a classic.

[Miguel]

Yeah. Like, Rolo has been doing this entire thing on. It's insane. Like, basically, like there is two to three times more reported, like, female teacher of students than there is of male teachers.

[Interviewer]

Wow. That's actually very interesting.

[Miguel]

But the male teachers get reported on more. So, you know, if. If it gets reported to the police, you know, like, let's just say, like, there's 10 male teachers that molest a female or a male student. Right. You gotta imagine there's three or four times more.

[Interviewer]

Yeah.

[Miguel]

Because they're just too ashamed.

[Interviewer]

Not everyone's gonna. Right. Yeah.

[Miguel]

But imagine. Just imagine this. How bad does it. How many women are male students where, like, they're getting the police called on them. You got to imagine the numbers. Even crazier.

[Interviewer]

It's got to be.

[Miguel]

And there's more. Like, I remember what in 2025, Rolo, I think it was like, 98 women to like, a Hundred women, you know, basically got put through the court system for molesting male students. You would imagine it's got to be a thousand because how many guys just.

[Interviewer]

I would admit that.

[Miguel]

Right? Or like, how trash does a pussy have to be for that to happen?

[Interviewer]

Every guy wanted to bang their teeth teacher.

[Miguel]

Right. But you have to admit though, the teachers were way. They're hotter now than they are because, like, the demo is getting younger. I mean, maybe, maybe it's the boomer, like women retiring officer, getting more younger chicks.

[Interviewer]

But.

[Miguel]

Yeah, I only remember one school teacher in like in my high school that was hot. Like, maybe the art teacher.

[Interviewer]

Yeah. I could probably count on one hand.

[Miguel]

Yeah. Like, at all that you would. Maybe. That's like. But it was crazy because I remember during high school, like our. The guy that was kind of like, he was kind of like the assistant coach or whatever, I think to the football team. He was just. He was like running through.

[Interviewer]

Really? Yeah.

[Miguel]

And we were like, well, he never got exposed. He didn't get.

[Interviewer]

Wow.

[Miguel]

Because he, I mean, like is. He was like. He was hugging those girls too much. Like, it was like two girls.

[Interviewer]

He was piping them down.

[Miguel]

Yeah, he was piping them down. I was like, bro, you're playing a game. No one's gonna snitch on him or not. Well, like, you know, like, because they're like, they're hell in. You know, you're just like, man, you just this person. I could have gone to somebody else, you know, body dude. But you know, oh, dude, this was great.

[Interviewer]

I will end off with some predictions. Do you think bitcoin will hit a million dollars?

[Miguel]

I. Yes, I. I truly believe so. I believe the million dollar bitcoin is probably going to hit in the early 2000s next cycle. If. If the cycle goes very well, we'll probably hit 400. But we're. We're probably looking closer to about like a 220. Okay, 220,000. Because like in. In 21. In 21. Right. And so in 2019, we hit $3,000. It went to 69,000. From 69, 000, it crashed to 15 grand and we went to 126. But if you look at like 69, 000 to 126, it's a 90 jump. So if we only get like a 50 jump, it'll be closer to like high hundreds. Hundreds of thousands. So It'd be like 180 or something. But because the real estate market, I'm betting on the market, real estate being a little hotter in 27, 28, 29 that there could be enough money in the system that we can pump up to 200. Because the like what's holding the economy back right now is real estate.

[Interviewer]

Yeah. Because everyone's money's tied up.

[Miguel]

Yeah. Money's a lot of time.

[Interviewer]

Most people put their, their net worth in real estate.

[Miguel]

I'm betting a little heavier on Ethereum right now for this cycle because it's, it's you know your bit mine is going to have about 5% of the supply so 6 million Ethereum are going to be taken off the table. What's bit mine Bitmine is some, is a, there's a guy, there's a stock market guy called Tom Lee. He used to work, he used to run I think macro or main macro for all of J.P. morgan. He basically was the most app. Most correct analyst on stocks from like 2010 onwards.

[Interviewer]

Wow.

[Miguel]

He's.

[Interviewer]

He was and he's all in on Ethereum.

[Miguel]

He was basically when everyone was saying like it's over, the stock market's over, you know, the housing crisis, he was like I'm bullish as. What are you guys. You guys are crazy. So he was bull, bull, bull and he was absolutely correct.

[Interviewer]

Wow.

[Miguel]

So he, he murdered. He's. He's always on Bloomberg, he's always on all the big finance like the Compound podcast.

[Interviewer]

He owns five. He's going to own 5%.

[Miguel]

Yeah. That's five or 6 million he's got, he's got about, almost 5 million now.

[Interviewer]

Wow. Metallic's dumping right now though.

[Miguel]

Yeah. But, but here's the thing with Vitalik he's so he's dumping to that money. He's dumping. He's using almost 80% of the money to invest into into research teams for quant to make Ethereum quantum resistant.

[Interviewer]

Oh wow.

[Miguel]

That's what's really happened. So like I'm not really like he's dumped he on total. He maybe dumped 11 million million.

[Interviewer]

That's not too bad for him.

[Miguel]

He's got, he's worth in a fortune like all he has to do, he has to. He just earns interest off his office crypto and that's it. Yeah.

[Interviewer]

Theorem. You could stake out 8% right?

[Miguel]

Yeah well during certain time like right now it's probably 3% because, because that bit mine company is starting to stake all that Ethereum that, that company that owns 6 million Ethereum is going to stake that Ethereum they're going to earn a few billion dollars a year.

[Interviewer]

Holy crap.

[Miguel]

Passive, passive money. And then that Bit Mine invested I believe about $100 million into, into Mr. Beast's company.

[Interviewer]

Oh wow.

[Miguel]

Chamath, three years before that, invested 45 million into Beast. So basically Chamath, which is Solana and Ethereum and Bit Mine, which is all Ethereum, they're going to use Mr. Beast's company and Beast Financials to pump Ethereum wallets to everybody around the world.

[Interviewer]

That's dope.

[Miguel]

That's what they're doing. That's, that's why I'm like, I'm like, okay, yeah, big brain play. Ethereum extremely underperformed the cycle.

[Interviewer]

Yeah, I was pretty disappointed.

[Miguel]

At least we, I made money on it. But like I bought it at seven hundred and a thousand dollars. Mostly it only went to like four grand.

[Interviewer]

Yeah, 42, right?

[Miguel]

Yeah. And then it just like for like

[Interviewer]

a week and then it, yeah, and

[Miguel]

it went back down. Maybe it went to 48 for a second. But like, like it, like, but like that's it. And it went down. It should have from like all the calculations I've done on it and stuff. It should have done about seven or eight grand.

[Interviewer]

That's what everyone was saying. Yeah, six to eight grand all day.

[Miguel]

Yeah. And math on it. If it just did the same amount of returns, Bitcoin did 15, 500 to, to 28. 28, 6,120 6,000. It should have, should have been somewhere between our 8K.

[Interviewer]

I wonder if NFTs mess that up.

[Miguel]

It's a. So in the bear market, Vitalik pushed app main on chain app because we had such a problem with like how much it costs to do a transaction on Ethereum. Yeah, they pushed all the app development, went over to L2S. The topic basically said, okay, that was stupid. So this bear market, he literally said bring back everyone back to the main chain because Ethereum is now scaling. Yeah.

[Interviewer]

They were trying to cut the gas price down.

[Miguel]

I remember now they don't care anymore.

[Interviewer]

They don't care.

[Miguel]

They want a bunch of transactions because that'll bring more, that will make it more profitable for the stakers and that's what they're trying to increase the buying burn. So basically he says, all right, you guys did your stuff, now bring it all back. You can still keep your L2s. But he basically said L2s are now retarded. Like basically they didn't really, they didn't really like revolutionize the tech very much.

[Interviewer]

Yeah.

[Miguel]

So we're, I'm being very conservative here, but probably like 7, 8k again. This cycle for Ethereum is probably very true. Like I, I had my, my real, my more like bullish cons run for it was probably like 12 to 14k. But we have to like, we have to have a hot market. So if it's not so hot, it's probably just going to AK and. But that's enough to make some money.

[Interviewer]

Yeah, for sure.

[Miguel]

Right.

[Interviewer]

Well, dude, thanks for your time. We'll get you back on later this year.

[Miguel]

Yeah, thank you. Yeah, let me know, man.

[Interviewer]

Yeah, that was fun. Check him out, guys. We'll link his stuff below. See you next time. Peace. Thanks for watching to the end, guys. Please comment below your thoughts on the episode if you agree. If you disagree, I'd love to hear. I read every single comment. Means a lot to me. Thank you so much.