← The Entrepreneur DNA
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- [00:04]
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- [00:39]
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- [01:10]
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- [01:40]
Ryan Meyer
Basically, I believe that Donald and Cynthia will start a bitcoin reserve where the United States will own probably somewhere between 2 to 5% of the Bitcoin supply over the next four years. Well, maybe longer, but it'll initiate in the next four years. And on top of that, the minute they announced that everyone's going to be buying bitcoin, right? Like all these other governments. Like El Salvador has been like, you know, accumulating a bunch of bitcoin supply. But I think a lot more governments will basically copy the United States, start their own reserve. And I think that if you're investing in bitcoin now, you're going to be very happy in the next couple of years. Yeah.
- [02:22]
Justin Colby
What is up? Entrepreneur, DNA family. This one is going to be good for all my crypto investors, alternative investors. Our guy, the trading genius, I call him tradegenius.com is his website. Ryan Meyer is here and this is why he believes Donald Trump is going to get bitcoin to a million dollars per coin. What's up, bro.
- [02:43]
Ryan Meyer
How's it going? Thank you so much for having me.
- [02:45]
Justin Colby
Let's hit that on. Donald Trump's going to get Bitcoin to $1 million for a coin.
- [02:49]
Ryan Meyer
I think so, at least.
- [02:50]
Justin Colby
What are you thinking? Why would you say that?
- [02:51]
Ryan Meyer
I think there's a number of reasons. I think like, the main reason is like the bitcoin reserve. He's working with Cynthia Loomis, who's like the senator in Wyoming, super pro crypto policy. They're doing a lot in Wyoming, but basically I believe that Donald and Cynthia will start a bitcoin reserve where the United States will own probably somewhere between 2 to 5% of the Bitcoin supply over the next four years. Well, maybe longer, but it'll initiate in the next four years. And on top of that, the minute they announce that everyone's going to be buying bitcoin. Right. Like all these other governments, like El Salvador has been like, you know, accumulating a bunch of bitcoin supply. But I think a lot more governments will basically copy the United States, start their own reserve. And I think that if you're investing in bitcoin now, you're going to be very happy in the next couple of years.
- [03:35]
Justin Colby
Yeah, I mean, I think if you're investing bitcoin now, you're happy now. Right. Like today, as a moment into Tom, I'm just going to check because I'm a crypto investor myself, I don't day trade, but what are we at? 92,000 right now?
- [03:48]
Ryan Meyer
I have no idea.
- [03:49]
Justin Colby
But bitcoin itself is at make me happy.
- [03:52]
Ryan Meyer
Come on.
- [03:53]
Justin Colby
Well, I got to get to my home screen. $92,600.
- [03:57]
Ryan Meyer
That's an all time high.
- [03:58]
Justin Colby
All time high, buddy. What a great day to be recording this podcast.
- [04:02]
Ryan Meyer
Dogecoin is at 41 cents.
- [04:03]
Justin Colby
Look at that. That's insane, right? People like Doge, blah, blah, blah. Well, it's moving.
- [04:08]
Ryan Meyer
Yeah.
- [04:08]
Justin Colby
Now, again, I don't day trade crypto. I'm real estate through and through, but I'm an investor. Right. So I pick and choose my investments. I love crypto talk in a general sense. Right. Your website is trade genius.com so anyone who wants to know more about Ryan and what he does and how he does it, tradegenius.com but what is happening right now to push the needle? Because as someone who's invested in crypto for six years, I mean, I was buying bitcoin when it was eighteen hundred dollars.
- [04:35]
Ryan Meyer
We love that.
- [04:35]
Justin Colby
So maybe it was more in six years, but you get the point.
- [04:38]
Ryan Meyer
Yeah.
- [04:39]
Justin Colby
What's going on right now.
- [04:40]
Ryan Meyer
I think like the big impact is, is Donald Trump being elected. I think that's like what's pushing the needle immediately. I think more generally the market's been primed for like a leg up for like the last couple of months. And you know, you're seeing, I think there's like crypto specifically has a lot of cycles. Right. And a lot of things kind of go into those cycles. I think one's like venture capital. And so you've seen off of the tail end of the last cycle, a lot of the venture money, that flu that was flowing in there, a lot of them are getting like liquidity events, right?
- [05:09]
Justin Colby
Yeah.
- [05:10]
Ryan Meyer
So there's like all the port codes are now launching tokens. They're starting to see liquidity, which means that they can go raise another fund and they're like more than happy to deploy the rest of the money that they have. Yeah. So I think we're going to see like basically you get a bunch of funded companies, you get a bunch of tokens, you get a bunch of retail interest. There's like all these kind of components that come into like really pushing the market forward. Um, and oftentimes there, there needs to be like some sort of catalyst. This, the last two years we have like the ETFs, which are a huge catalyst.
- [05:36]
Justin Colby
Yeah.
- [05:36]
Ryan Meyer
And then that coupled with now Donald Trump being appropriate. Yeah.
- [05:39]
Justin Colby
For the last two years, would you say anything happened? Like, I don't really remember cause I don't day trade, but I feel like for example, like Ethereum, I mean it was somewhere between 2,200 and 2800 for like as long as I can remember. Really didn't do a whole lot.
- [05:53]
Ryan Meyer
Yeah, no, I, I, I've become less, less faithful in eth. I was holding a lot of ETH for a while, but it just, it hasn't been moving. So I've, I've been holding a lot of Solana. I'm a big Solana guy. I think it's, it's, it's an awesome. And all of the, like the things, maybe not L2s and things, but a lot of like the meme coins and things like that are being like launched on Solana because it's super fast, super cheap, user friendly. Yeah. And a lot of our volume on Genius, we see on Solana as well.
- [06:19]
Justin Colby
So let's break down kind of what I think a lot of the listeners probably don't know some of the very basics. Right. So I want you to like rewire your genius here. And go back into just basics.
- [06:30]
Ryan Meyer
Yeah.
- [06:30]
Justin Colby
There's the hold coins. Right. And stable coins, the bitcoin, the ethereum. What else would be considered in that?
- [06:38]
Ryan Meyer
I'd say Bitcoin, Ethereum and Salana are.
- [06:40]
Justin Colby
Probably the three main stable coins.
- [06:41]
Ryan Meyer
Yeah.
- [06:42]
Justin Colby
Let's walk through the kind of hierarchy of coins. Right, so you have your stable coins, Bitcoin being the top of the top. Right. Ethereum and Salana. Let's talk about those two coins. Why are they stable? What do they really do? We don't have to get in the trenches about, like. Exactly. But why would they be considered stable then? What's the tier under that? Right. And then going all the way down to altcoins and meme coins and all.
- [07:04]
Ryan Meyer
This other stuff, I think. Okay, so to start, coins represent different things. Right. And so usually blockchains specifically have a native coin. Right. Bitcoin's block. Bitcoin, the blockchain has its native coin, which is Bitcoin. Same thing with Ethereum. Native coin is Ethereum and Solana is Solana. They're like the three largest blockchains. And I think that's kind of why their coins are valued at what they're valued at, because you need them for gas fees and other things. And so there's value accumulation there. And then outside of that, there's different categories of coins. We have alts, which you mentioned, which are basically alternative blockchains. We call them alts, but they're just smaller blockchains that don't see as much usage.
- [07:44]
Justin Colby
But it's still a blockchain.
- [07:45]
Ryan Meyer
But it's still a blockchain. And then they have their native tokens. Maybe some good examples of that are like Phantom, for example. And I could get into like, so many different, like, specific examples, but like Phantom, maybe Arbitrum, et cetera.
- [07:57]
Justin Colby
Is that arb? Arb, yeah.
- [07:58]
Ryan Meyer
Yeah.
- [07:59]
Justin Colby
So I've invested in arb. What is Phantom's?
- [08:01]
Ryan Meyer
Phantom is like an all.
- [08:02]
Justin Colby
What is the ticker? What's the ticker?
- [08:04]
Ryan Meyer
Ftm.
- [08:05]
Justin Colby
Yeah, yeah, I have some ftm.
- [08:06]
Ryan Meyer
So. So they're rolling out like nul too. And they'll. They'll have like a bunch of things. But yeah, it's.
- [08:12]
Justin Colby
But there's an actual functionality. What I think some people need to understand is this isn't some. You know, when. When crypto started to first hit the scene eight years ago or whatever, when people started to really recognize it, people like, this is all fake nonsense. There's just a thing that people are investing money and there's nothing even there's no paper to it. Right. So it's not like stocks, where there's paper, there's no real estate to it. So people are just like, oh, it's nothing.
- [08:33]
Ryan Meyer
Yeah.
- [08:34]
Justin Colby
And funny enough, my uncle, I love you. And my accountant, of course, he was by far the biggest hater.
- [08:41]
Ryan Meyer
Yeah.
- [08:41]
Justin Colby
Like, he thought I was an absolute lunatic degenerate. Like, he said, what the fuck are you? You're putting ten grand into what? Yeah, like, he just was like, this is going to die, you're going to lose your money. Obviously I've proved him well wrong and have made into the seven figures in crypto. But I say that to just say, like, these, even altcoins technically have functionality behind them, which would be the blockchain. And they do all different stuff, right?
- [09:10]
Ryan Meyer
Yeah, a lot of them, they can vary from like, governance to like being like the. It's not like a value accrual mechanism, but it's like gas. So like, if a blockchain is like a decentralized computation, you need that specific token to like facilitate that compute. Right?
- [09:27]
Justin Colby
Yeah.
- [09:28]
Ryan Meyer
So like, there's so many different examples. Like another example that people might be familiar with is like FTX had a token ftt and if you held ftt, you would receive lower fees on trading and things. And so we may or may not be doing something similar to that in the future. But yeah, the. I think there's like a ton of different use cases. The majority of the time that the difference between use cases varies, but they always stay away from being considered a security. That's like the most important thing, that.
- [09:56]
Justin Colby
They have to stay away. Right. Because I remember, what, a year ago or two years ago, they were going after everything being a security and everything like, stopped in government. Like all these are all securities.
- [10:05]
Ryan Meyer
Yeah.
- [10:06]
Justin Colby
In my understanding is that's all kind of done. They all kind of proved it. No, they're not securities.
- [10:10]
Ryan Meyer
Yeah.
- [10:10]
Justin Colby
So anything new that comes out, their whole thing is they don't want to be a security.
- [10:13]
Ryan Meyer
Yeah, exactly. Yeah. Depending on like, what the. And if there is any sort of like, characteristic that might. You might consider it a security, they try and initiate that characteristic after the fact. So the way a lot of these companies are structured is you'll have a Delaware C corp.
- [10:29]
Justin Colby
Right.
- [10:29]
Ryan Meyer
And that'll be a development company and then you'll have a Cayman Island Foundation. The Cayman island foundation is a decentralized organization where people vote. And so like, as I mentioned, like governance. Right. Like if you're holding the token, you can participate in this voting. Yeah. And the Cayman foundation is responsible for kind of pushing a lot of agendas, and the development company is the one developing these things, and then basically creates proposals for the DAO to say yes or no. Yep. And so that way, uh, you know, you can stay away from, like, issues with different organizations.
- [11:03]
Justin Colby
Sure.
- [11:03]
Ryan Meyer
Um, and. But anyway, so a lot. A lot of times, whenever people do these things, what they'll do is they'll basically push. If it has a characteristic of a security, it'll be something that's voted on by the dao, not so much the development company.
- [11:15]
Justin Colby
So.
- [11:16]
Ryan Meyer
But it's. It's very complicated, and everything's in the gray space. There's not, like, a lot of regulation around crypto right now, so.
- [11:21]
Justin Colby
Yeah. And I think, you know, I would still make the argument and tell me if you agree.
- [11:25]
Ryan Meyer
Sure.
- [11:26]
Justin Colby
Eight years. I don't even remember when it was probably 2012, I guess I was buying Bitcoin at, like, 1800. That's 12 years ago. Is that right? Maybe that's a little long.
- [11:36]
Ryan Meyer
Yeah. Well, maybe.
- [11:38]
Justin Colby
No, it wasn't 2012. Maybe it was more like 2014, 15.
- [11:41]
Ryan Meyer
1800, I think. Yeah.
- [11:42]
Justin Colby
Something. Okay. Call it 10 years ago.
- [11:44]
Ryan Meyer
Sure. Yeah.
- [11:45]
Justin Colby
And literally, I had a buddy. Just trust me on this. This thing is the new thing. It's gonna hit, I promise you. I'm like, okay, I don't know. I'll trust you. I'll throw it at it.
- [11:55]
Ryan Meyer
Sure.
- [11:56]
Justin Colby
Right. And I think he was buying it, like, 700. He was like, dude, my money's doubled in, like, 40 days. And I'm like, I'm in. Whatever this thing was. Right. And obviously that was a great play. But I say all that to say we're still infantile when it comes to crypto. Right? Like, really infantile.
- [12:13]
Ryan Meyer
Yeah, I completely agree. Yeah. I think, like, kind of like the vision for genius. I can give you, like, where we're at now, and we plan on going towards. But right now, I think most people use genius to trade meme coins for transparency. You hear of Dogecoin, then you hear of all these other coins. And genius is a place to basically buy any token you want.
- [12:31]
Justin Colby
So talk about what that is. So what is tradegenius.com?
- [12:33]
Ryan Meyer
Yeah, so tradegenius.com is like a first of its kind exchange. So I can kind of give you the alternative. So we have Coinbase. Everyone's heard of Coinbase.
- [12:40]
Justin Colby
Sure.
- [12:40]
Ryan Meyer
Coinbase is really cool. Two big problems with Coinbase. First is they custody your funds. So you deposit $100 on Coinbase. They can freeze Your funds get fucked if they do it.
- [12:49]
Justin Colby
That's right.
- [12:49]
Ryan Meyer
Who cares? Right. The second thing is you can only buy what they tell you you can buy because they have listing teams.
- [12:53]
Justin Colby
That's right.
- [12:54]
Ryan Meyer
So that's like tried to buy shit.
- [12:56]
Justin Colby
That wasn't on their platform. And I'm like now what?
- [12:59]
Ryan Meyer
Exactly. And so that's a centralized exchange. Great. Because it feels safe. But those are the two big issues. The alternative is a decentralized exchange and they're usually chain specific. So like Arbitrum Ethereum, there's a bunch of tokens like Dogecoin. People don't know this but Dogecoin is actually a coin launched on Ethereum. Right. And so there's millions of coins on all these different chains. And so decentralized exchanges are cool, but they're always chain specific. So you're like, okay, I can only buy tokens on this and it's a pain. It's a pain in the ass.
- [13:27]
Justin Colby
Right.
- [13:27]
Ryan Meyer
It's like I'm not even going to get into it because it's like complicated to get money on these chains and then buy and there's like liquidity fragmentation. So basically what we said, we were like, what if we could make it as easy as buying something on Coinbase, Give you full self custody of the funds and then do it across all chains so that way there's no liquidity fragmentation. And so that's what genius is. It's the first place to buy any token on any chain instantly.
- [13:48]
Justin Colby
And you created it.
- [13:49]
Ryan Meyer
Yes. You're the first kind. Yeah.
- [13:51]
Justin Colby
You're smarter than me by a lot.
- [13:52]
Ryan Meyer
No, no, but not me. It says the Shuttle Labs team.
- [13:56]
Justin Colby
Yeah, I mean that is cool as shit. And so I tell anyone if you're interested, you got to make sure you go over there. Right. Tradegenius.com because I'm interested. So if I'm interested, you guys should probably be interested. So I would tell you, well, let's keep going through this hierarchy. Right. So we got to the altcoins, right? Alternative coins, which essentially are still blockchain but their functionality maybe is less or they're smaller chains. What is the next layer of this?
- [14:23]
Ryan Meyer
I'd say that the two other kind of types of coins are like what we consider cash. So like cash equivalents. So USDC or usdt, so they're basically pegged to the US dollar. There's like large organizations.
- [14:37]
Justin Colby
Are they pretty safe at that point? Yeah.
- [14:39]
Ryan Meyer
So like it depends on which one specifically. But like USDC full faith in like they hold like US treasuries plus US dollars to back their USDC one to one. So if you're holding $1 in USDC, you know, there's like actually something behind it. Interesting. But I think USDC is super powerful because it allows for like instant cross border payments anywhere in the world.
- [14:58]
Justin Colby
So like to any platform. So you could buy. If you. If I took my USDC from Coinbase, I could buy on your platform because it's just one to one.
- [15:07]
Ryan Meyer
Exactly. Yeah. Um, and so I. But like even like paying people too, right? Like if like we have engineers in India and Venezuela and all these places, it's like I pay them to their genius accounts, usdc. And I think like the people in America, what they have a problem with and what they can't wrap their heads around is like, how does this impact my life? Like, why should I buy this when it doesn't change my life? It's like, it doesn't need to change your life. It's changing like many others lives and it'll eventually kind of come full circle. And like, I think like the global economy will operate on like USDC slash like crypto. And that's kind of our big bull thesis. Like right now, meme coins are super popular on genius. Like you can buy a mirror coin, but in the future I think many things will be tokenized, like real estate, intellectual property. So many things will have tokens and have different values and be geographically assigned. And we want genius to be like the US Stock Exchange but for the world. So like where anyone can go buy any token. Yeah, that's like the big picture.
- [16:03]
Justin Colby
So we already went through. Did we get to meme coins? So where do meme coins.
- [16:09]
Ryan Meyer
Meme coins. I love meme coins.
- [16:12]
Justin Colby
Of course.
- [16:12]
Ryan Meyer
Yeah, they. People think they're stupid. I also thought they were stupid. Back in like 2016, all my friends were buying dogecoin and I was like, this is so fucking stupid.
- [16:20]
Justin Colby
And they're buying a 0.00000001 and now it's like 40 cents.
- [16:25]
Ryan Meyer
Exactly. Yeah. So they've done all right. Yeah. But you know, my ignorance was like, this is stupid. There's no value assigned to it. Like, what?
- [16:32]
Justin Colby
You sound like my uncle.
- [16:33]
Ryan Meyer
Yeah, I did sound like your uncle. But then I kind of came to this moment where I was like, you know, there doesn't need to be any value because all meme coins are. It's like assigning value to culture.
- [16:44]
Justin Colby
Totally. That's exactly right.
- [16:46]
Ryan Meyer
And so it's like if something has cultural relevance, then like people are going to buy it. And like, we've seen that, like all these meme coins launching like every day. And I think that's kind of like, you know, as I mentioned, like, if you can't buy something on Coinbase, then like, you're shut out of luck. Right. And so our whole thesis was like, Dogecoin was once not on Coinbase and it was valued way less than it was when it was on Coinbase. So, like, imagine if you can buy coins on Genius and then get the upside of whatever these big guys list them, that's when you want to get in.
- [17:15]
Justin Colby
Yeah.
- [17:16]
Ryan Meyer
So trying to give people that opportunity is like a big thing for us as well.
- [17:20]
Justin Colby
So a couple random questions. We kind of started the episode talking about Donald Trump and how you think he's going to get Bitcoin to a million dollars per coin.
- [17:27]
Ryan Meyer
Sure.
- [17:28]
Justin Colby
But then let's play into this next thing that was announced, I think yesterday, the day before, Donald just made Elon Musk the head of Doge. Doge, but essentially, like, I forgot what the even name was. But he's like in government now. Yeah, he has a position in government to like help organizations run efficiently, essentially.
- [17:48]
Ryan Meyer
Exactly.
- [17:48]
Justin Colby
Yeah. Did that play into Doge's run?
- [17:51]
Ryan Meyer
Right.
- [17:52]
Justin Colby
I mean, Elon Musk has moved that coin every time.
- [17:55]
Ryan Meyer
100%. Yeah. So, yeah. So Elon and Vivek were just basically marked as the heads of the department of Government Efficiency.
- [18:04]
Justin Colby
There you go. Government efficiency.
- [18:05]
Ryan Meyer
Exactly. And. And it was a play on Doge for sure.
- [18:09]
Justin Colby
Loves it.
- [18:10]
Ryan Meyer
But I think that it was kind of factored in like the last couple of weeks, like the last two or three weeks, like, because they've been talking about it. Yeah, that was definitely like a catalyst in Dogecoin's run recently.
- [18:19]
Justin Colby
There's no doubt. Right. To go to 40 cents, like 39 cents or whatever. It's like 100.
- [18:24]
Ryan Meyer
It's insane.
- [18:25]
Justin Colby
It was at 0.000000 something.
- [18:28]
Ryan Meyer
Yeah, it's insane.
- [18:30]
Justin Colby
And so, I mean, funny, I have Deutsche, but I wish I was.
- [18:33]
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- [19:35]
Ryan Meyer
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- [19:42]
Ryan Meyer
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Ryan Meyer
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- [20:05]
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- [20:35]
Justin Colby
Way holding it way bigger, right?
- [20:38]
Ryan Meyer
Of course.
- [20:38]
Justin Colby
Yeah.
- [20:39]
Ryan Meyer
That's how it always goes. And that's where. And that's where it's like, it's like funny. Like people ask me all the time, when should I, excuse me, when should I buy crypto?
- [20:47]
Justin Colby
Today. Right now.
- [20:47]
Ryan Meyer
And today is because like I think the funny example that I've been using is we have Thanksgiving and Christmas approaching.
- [20:53]
Justin Colby
Yeah.
- [20:54]
Ryan Meyer
And either you're going to be the person at the table that's talking about how you're happy you own crypto, or you're going to be the one sitting there as other people talk about crypto, because crypto is going to be a conversation in millions of households, you know, this year.
- [21:04]
Justin Colby
Oh my God, what a great, like analogy. Or just kind of Idea. Right. Like, you're either going to be the guy, like, yeah, man, I should have gotten in.
- [21:12]
Ryan Meyer
Yep.
- [21:12]
Justin Colby
Or you're going to be like, dude, look at this, like, which guy do.
- [21:16]
Ryan Meyer
You want to be?
- [21:17]
Justin Colby
Exactly. I have a really good friend that is. I mean, he literally quit his job. He just went all in. Right. And it was because he was essentially day trading.
- [21:25]
Ryan Meyer
Yeah.
- [21:26]
Justin Colby
And was doing so well. He went all in.
- [21:29]
Ryan Meyer
Yeah.
- [21:30]
Justin Colby
I am the other side of that. I do real estate full time. So I want to get to how crypto leans into real estate. How does that play out? Because they've been talking about that for four or five years. Six years. Of course they are. But do you kind of have advice for those out there? Because I, I would tell anyone that, like, isn't ready to go all in. And you're very extreme. Right. You've built an entire company around it and a whole trading platform. My friend is pretty darn extreme. He went to full blown day trading, quit his multi six figure job and he's making more money doing it day trading right now. He's very successful at it.
- [22:02]
Ryan Meyer
Yeah.
- [22:03]
Justin Colby
But wouldn't you make the point that even someone like myself, like, it's almost like to some extent just a retirement account.
- [22:10]
Ryan Meyer
Exactly.
- [22:11]
Justin Colby
Like pick a couple relatively safe, maybe one or two higher risks and just keep throwing money at it and dollar cost average until infinity.
- [22:18]
Ryan Meyer
Exactly. That's what, that's what I do personally.
- [22:20]
Justin Colby
Yeah.
- [22:20]
Ryan Meyer
Obviously I'm like building a company in this space.
- [22:22]
Justin Colby
Sure.
- [22:23]
Ryan Meyer
But that's what I've been doing since like 2017. So. Yeah. You just buy it and hold.
- [22:28]
Justin Colby
You know, I have a really close friend, Dan Fleischman, who has said like, how many of you guys have an iPhone? Right. So we'll both speak on stages together.
- [22:34]
Ryan Meyer
Sure.
- [22:34]
Justin Colby
And you'll go out there and you'll go like, who's got it? Who's got the iPhone? You know, the whole crowd. 2000 people are like this.
- [22:40]
Ryan Meyer
Yeah.
- [22:40]
Justin Colby
And he goes, great. Raise your hand if you have Apple stock in like four people. Raise their hand.
- [22:46]
Ryan Meyer
Yeah.
- [22:47]
Justin Colby
And he, his point is how can culturally people spend $2,000 on a phone.
- [22:54]
Ryan Meyer
Yeah.
- [22:55]
Justin Colby
But not make any level of investment banking on the company that they know is making said phone at all. And it's that skew of like intentionality or priorities. Right. And I would make a similar argument. Not quite as tangible. Right. Because I don't know if crypto has anything tangible. But like, this is a very real thing. Like people need to be betting on their future. And in my point. And I Hope you can argue the same point. Hopefully. It's such an infantile space. Still, to your point, you think bitcoin has a shot at going to like, screw a million, going to 200,000. Right? Like, I think we're gonna hit a hundred thousand.
- [23:38]
Ryan Meyer
I think we'll hit a hundred thousand by end of year.
- [23:40]
Justin Colby
By end of year?
- [23:40]
Ryan Meyer
Yeah. By Jan 1st. Yeah.
- [23:42]
Justin Colby
Right. And I was buying at $1800.
- [23:45]
Ryan Meyer
Yeah.
- [23:46]
Justin Colby
Right. That is a thousand X essentially. Well, quite, you know.
- [23:51]
Ryan Meyer
Yeah. It's a lot.
- [23:51]
Justin Colby
500X.
- [23:52]
Ryan Meyer
Yeah.
- [23:53]
Justin Colby
So I say that to just say, like, talk to the people, like, what should they be doing right now if there's going to be hundreds of thousands of people that listen to this, watch this. What advice do you give them in this world of crypto?
- [24:05]
Ryan Meyer
Sure. Yeah. It's scary. And that's why a lot of people, like, they'll get in and they'll be like, okay, what do I do now? So this is, to be very clear, not financial advice.
- [24:13]
Justin Colby
This is not financial advice, but this.
- [24:15]
Ryan Meyer
Is what I would do.
- [24:16]
Justin Colby
Sure.
- [24:16]
Ryan Meyer
And this is what I tell my friends as well, whenever they ask this question. So I think the safe bet is like, say you put 10k in an account. I always diversify between a few things. So it's like probably bitcoin, Ethereum, Solana.
- [24:29]
Justin Colby
Okay.
- [24:29]
Ryan Meyer
And then I leave a little bit in USDC or cash as like my play money for like those dogecoin bets. Right. Because at the end of the day it's like cool, like making like 7% is fun, right? Yeah, but like, I'm not here to make 7%. If I wanted to make 7%, I'd go put it in the S and P and not think about it. Right.
- [24:44]
Justin Colby
As a real estate investor, I would give you 12%. If you money to me, I'm going to give you 12%.
- [24:48]
Ryan Meyer
There you go. Even better.
- [24:49]
Justin Colby
Backed by real estate. Right. So you're not. If you have relationships like me, then you got to be making a little bit bigger bets on your money because.
- [24:56]
Ryan Meyer
Exactly.
- [24:56]
Justin Colby
You have me that could just give you the 12% every month.
- [24:58]
Ryan Meyer
Exactly. So, like, that's what I'm looking for. Like, you know, know bitcoin over time. Like looking like north of 50% annually. That's like the goal. Right. And then for meme coins, like, I'm looking for the thousand X all the time. And like, you know, I've had some like, crazy days. Like, nothing like insane, but like, like fun ones where like there was this one coin called Tesla. There's like a meme coin on Tesla for sure, called Tesla and it was like I put 100 bucks in in the morning, I checked four hours later it was $30,000. So I cashed out. $30,000? Yeah.
- [25:27]
Justin Colby
No way.
- [25:27]
Ryan Meyer
It was just like some stupid shit, right? And like, it's just like the most ridiculous thing, but like that happens on like a daily basis in a bull market, right? And so it's like I'm always looking for those stupid things where it's just like, you know, like to a lot of people, like what's the average salary? Like 45k, right? 50. 50.
- [25:42]
Justin Colby
Maybe a little more now, but still doesn't pay for shit.
- [25:45]
Ryan Meyer
It's like more than half their salary. Yeah, that's right. It's like, and it was $100 bet. It's like you're going to go bet on sports, you're going to go bet on all these things. It's like, why not bet on the culture?
- [25:52]
Justin Colby
Where can they learn? Like, you can't sit there and just give financial advice and either can I. But where could someone be like, I'm going to throw a hundred bucks on this?
- [25:59]
Ryan Meyer
Yeah.
- [26:00]
Justin Colby
Right. How would they ever know? Like, how would I ever know? I don't know. How would I ever know?
- [26:03]
Ryan Meyer
That's where it becomes complicated. It's. I think there's like two places. I think one is Twitter. I think like if you want like a real pulse on crypto specifically, Twitter is like the place to do it. Like there's like a couple accounts that you can follow and like you'll get a good pulse on Twitter. And outside of that, it's, I would say like for the most up to date relevancy, I'd say Twitter. Yeah. I'm, I'm only going to say one actually. Twitter's a place. Yeah.
- [26:28]
Justin Colby
Yeah. And I would tell most, most people, like, please just understand we're not giving financial advice.
- [26:33]
Ryan Meyer
Yeah.
- [26:34]
Justin Colby
I'm a buy and holder anyways. Right. So understand if you want to learn more and make educated bets on yourself, then do that. But I always say like write everything.
- [26:46]
Ryan Meyer
Off to zero, right? Like don't put something in if you're not going 100.
- [26:49]
Justin Colby
But that's why like most people can throw 50 bucks at something once a week.
- [26:52]
Ryan Meyer
Exactly. Yeah. Like, like sports betting, right?
- [26:54]
Justin Colby
Yeah, sort of. But even better.
- [26:57]
Ryan Meyer
Yeah.
- [26:57]
Justin Colby
Like I mean literally if you just put 50 bucks into Solana once a week for the rest of your life, you're going to make millions and millions and millions and millions of dollars. That's the same for the Rest of your. That's a safe bet.
- [27:06]
Ryan Meyer
Yeah.
- [27:06]
Justin Colby
But I guarantee they're going to go to Starbucks one time this week and probably spend 40.
- [27:10]
Ryan Meyer
Yeah.
- [27:11]
Justin Colby
Once, let alone the other, like $5 every week. Right. So.
- [27:14]
Ryan Meyer
Exactly.
- [27:14]
Justin Colby
It's just a priority thing, I think.
- [27:16]
Ryan Meyer
Sure.
- [27:16]
Justin Colby
I had a great conversation with someone recently just talking about like this. Right. Because I, I'm like, Jesus, is just. This is a bull market again, right?
- [27:26]
Ryan Meyer
Yeah.
- [27:26]
Justin Colby
What do you make the point? How long do you think this would likely? And again, you don't know for sure. No one will. But, like, I'm gonna make the point. This is going to be a bull market for six months, maybe a year.
- [27:36]
Ryan Meyer
Right? A year or so. Yeah. I think it'll. It'll really like, truly kick off in like 70 days whenever Trump goes into office, I think. And then as we. I think it'll depend on that will.
- [27:45]
Justin Colby
Be the actual start of a real bull market where you can start to see crazy with like, it doubling in every 30.
- [27:51]
Ryan Meyer
Yeah, yeah, yeah. I think that. Yeah. Especially. I think there'll be like, maybe a few catalysts in between then. Or not in between then. But like post that. Right. Like if, if, you know, Trump and Cynthia announce, like, hey, we're doing this bitcoin reserve and we're buying 200 million into coins.
- [28:08]
Justin Colby
Let's go back to this.
- [28:08]
Ryan Meyer
Yeah.
- [28:09]
Justin Colby
So you think Donald Trump is going to have the United. And by the way, it would be Donald. But yeah, they are going to actively have the United States of America create a reserve, just like we have our Federal Reserve specific for bitcoin.
- [28:25]
Ryan Meyer
Yeah. So like how we hold a bunch of gold or in the past. Yeah. It'll 100% similar thing. And he stated this publicly. And Cynthia has also been on the wave. I was at an event in Wyoming with Cynthia. Look at me.
- [28:36]
Justin Colby
Like, all my arms are all crossed. Really?
- [28:38]
Ryan Meyer
Yeah. To be honest, I think what's going to happen is they're going to announce that a bunch of countries are going to do the same thing. Bitcoin is going to skyrocket. I think we're going to see ludicrous numbers. And my interesting projection is I think that in the next 25 years, there's going to be a tier one country, and in my opinion, it's going to be a European country. They're going to be terrible financially. They're not going to do the bitcoin reserve. They're going to be an insurmountable amount of debt. But all the European countries have, like, decent defense equipment. And I think that there's going to be, like a country like El Salvador or somebody in Latin America who has a ton of bitcoin that will trade bitcoin for defense equipment to bail out a country in Europe. That's. That's like my wild, like, just like projection.
- [29:25]
Justin Colby
I don't know how wild that is. I don't know. Seems to make sense to me, especially with everything that's going on in South America. Right. Like in El Salvador and whatnot. Yeah. How. What else plays into this bull run? Right. Is it just strictly politics? Is it maybe New York? Right. Is it retail? Right. Is it. What else can kind of play into whether something's going to run or not? Right. We just talked about government. They wanted to consider Ethereum, a sec. Right. Security filing and blah, blah, blah.
- [29:52]
Ryan Meyer
Yeah.
- [29:53]
Justin Colby
None of that has ever taken shape.
- [29:55]
Ryan Meyer
Yeah.
- [29:55]
Justin Colby
What else plays into all this?
- [29:58]
Ryan Meyer
Yeah. I think government's a big thing. I think regulation with the SEC specifically, is going to be a huge, like, if. If Trump. If Trump fires Gary Gensler, that'll be the best fucking day of my life.
- [30:09]
Justin Colby
No, it's kidding.
- [30:10]
Ryan Meyer
Because what we're building is in such a gray area. And I think if you have someone that's super pro crypto regulation, but in a good way, that doesn't kill innovation, that's fantastic for us. Of course, they have this thing called Operation Chokepoint where it's like they're just attacking Coinbase and Uniswap with all of these basically bullshit lawsuits just to basically burn cash and make it look like they're doing something to scare people. Right. It doesn't mean anything. They haven't won anything ever. But it just harms the rest of the industry, especially in America. It's like, why, like, if I'm going to start a crypto company now, like, why would I. Why would I do it here instead of Dubai? But I think, like, to answer the question is you need gear against Sargon to be able to actually, like, make that argument for the United States.
- [30:54]
Justin Colby
So the company that you just started. Right. Is it hose. Is not here.
- [30:59]
Ryan Meyer
So our dev company is in the United States. We follow a similar structure to what I mentioned earlier. The Genius Bridge protocol is a protocol that's run in the Cayman Foundation. Sure. And then basically what our dev code does is we've built the front end and we manage the front end, and we basically submit proposals to our DAO to push different pieces together.
- [31:21]
Justin Colby
So let's get back to Meme Coins. There was a moment in my life, I want to say it was 2020 Covid was here at all the time in the world. Everyone did.
- [31:30]
Ryan Meyer
Yeah.
- [31:31]
Justin Colby
So I can fuck it. Let's go into these. And the names were ridiculous, right? Like just the most like Purple Panty Eater. And you're just like.
- [31:41]
Ryan Meyer
Can I talk. Can I say my favorite. Yeah. So my favorite one of this cycle that is like, like my, my advice to people in meme coins is bet on cults, Right?
- [31:49]
Justin Colby
Sure.
- [31:50]
Ryan Meyer
Cults. You just don't bet against the cult. My favorite cult right now is called Retardio. It's. It's interesting. It's interesting for sure. But it's basically just a group of mentally ill people that are like so bullish and weird and like, they're just, they're insane. But they are like die hard to the point where they get people to have such strong conviction.
- [32:14]
Justin Colby
Sure.
- [32:15]
Ryan Meyer
In it. That like. Yeah. And I've yet to see a community have such crazy conviction and stuff.
- [32:20]
Justin Colby
Yeah.
- [32:21]
Ryan Meyer
Yeah.
- [32:21]
Justin Colby
Isn't that incredible?
- [32:22]
Ryan Meyer
It's wild. Yeah. And it's just like this group of weird people on the Internet and I mean, I'm a part of it, I guess, but yeah, sure. I have an irresponsible amount of money in Retardio, so.
- [32:30]
Justin Colby
Irresponsible amount of money. I think again, the people who are just getting in probably think any dollar is irresponsible. Now are people too late for no crypto?
- [32:42]
Ryan Meyer
Definitely not. Yeah. Definitely not. I mean, we've. We've had this discussion about like, like the federal government buying crypto. Right. I think, like, yeah. You know where that hasn't happened yet. So anytime before that I think is even. Even after. Right. Because it's not going to be like, oh, they just make one massive buy or it's going to be. They're going to be basically DCAing or the dollar cost averaging over the course of like a decade. And so like anytime around, like, you know that's going to be coming in. So like anytime is a good buy. Honestly.
- [33:07]
Justin Colby
How would you suggest. And if you can, like I'm a dollar cost average guy in the general sense.
- [33:12]
Ryan Meyer
Same. Yeah.
- [33:13]
Justin Colby
I just slowly trickle in because I kind of take that philosophy. Like if it's good enough for you to buy now.
- [33:18]
Ryan Meyer
Yeah.
- [33:19]
Justin Colby
It'll be good enough for you to buy in a year.
- [33:20]
Ryan Meyer
Sure.
- [33:21]
Justin Colby
And you dollar cost average those investments.
- [33:23]
Ryan Meyer
Exactly. Yeah.
- [33:24]
Justin Colby
Do you. I know you said you do the same thing.
- [33:26]
Ryan Meyer
Exactly. Yeah.
- [33:27]
Justin Colby
I think it's the safest way to do it because. Right.
- [33:29]
Ryan Meyer
You can't time crypto.
- [33:30]
Justin Colby
No.
- [33:30]
Ryan Meyer
Right. Like there's no like like, you know, maybe for stocks you can like time things around earnings and you can try and time things. Right. Nobody actually knows what the hell is going on. But with crypto it's like there's no like. Yeah, there's no like indicator. Typical indicator. That's right. So yeah, the safest thing to do is dca. There's no point in trying to time a market, you know, and like the reality is this is probably not what you're doing full time. You're making income on like a W2, probably full time. And so like, yeah, just dcaing in and continuing to like add to your stack as the move.
- [34:03]
Justin Colby
So in a general sense, the stable coins give you some level of security.
- [34:08]
Ryan Meyer
Sure.
- [34:09]
Justin Colby
The altcoins give you a little bit less level of security. What do you think is going to happen in this? What you and I both agree is going to be a bull run for seven months, ten months, a year?
- [34:21]
Ryan Meyer
Sure.
- [34:22]
Justin Colby
What will be the catalyst for this bull run? Is it just simply Trump? Is it that basic?
- [34:28]
Ryan Meyer
No, I think there'll be a number of things. I think it's like Trump policy regulation. I think the ETF inflows will be a big piece of that. Like the day Trump won the election, record breaking Bitcoin ETF inflows.
- [34:43]
Justin Colby
And what's an ETF for some people.
- [34:44]
Ryan Meyer
Who don't, it's an exchan fund. So basically a lot of these like large Wall street guys have basically launched these ETFs that where if you buy like say $1,000 worth of an Ethereum ETF through them, they're also holding $1,000 worth of Ethereum on our side, which is why it's really good for us. Right. Before you could buy like, what do they call them, kind of like phantom products where it's like you can buy it and it's like worth it, but like they don't. It's probably like fractionally reserved. Right. It's not like one for one, but like for these guys with these ETFs, they actually have to hold it on the balance sheet. And so it's like if you're buying, if there's $4 billion in inflows in the ETF, that means there's 4 million or $4 billion in buying power on the other side. So that's really good for crypto, which is why it was such a catalyst and why people were so excited whenever the ETFs got approved. The two being Bitcoin and Ethereum. Ethereum has been kind of a bummer on their ETF inflows. But bitcoin's been fantastic and I think you're going to see, I think it'll just be this viral effect of okay, you know, something happens maybe in government, maybe in regulation, bitcoin price skyrockets. All these people with 401ks who want exposure to bitcoin have been waiting, oh, I don't know, price moves 20% they're like fuck, we missed out. And then they start aping in and it's just like it basically creates that hysteria that you saw during the last cycle, like 2021.
- [36:00]
Justin Colby
So basically it almost creates this cult like action that people keep thinking they're making. Missing out.
- [36:05]
Ryan Meyer
Yeah.
- [36:05]
Justin Colby
So they keep buying in which is going to keep this bull run going and going and going.
- [36:08]
Ryan Meyer
Sure.
- [36:09]
Justin Colby
Compare it though. Here's where I was going to go with this last question. Compare this to the relativity of a stock market.
- [36:14]
Ryan Meyer
Sure. Yeah.
- [36:14]
Justin Colby
Right. The stock market exchange has been around for, I genuinely don't even know, but let's call it a hundred plus years. Yeah, right. I don't, in my non expert opinion, non expert opinion, I don't even see how it could be comparable in the sense of growth. Like I just don't see how a stock like Apple could get the same amount of growth for the next five years that what I would argue Ethereum could. Right.
- [36:44]
Ryan Meyer
I completely agree. Yeah. There's two very different things. Right. Like Ethereum is like very foundational. Right?
- [36:49]
Justin Colby
Yeah.
- [36:49]
Ryan Meyer
Like it's like you're trying to rebuild the financial system from the ground up.
- [36:53]
Justin Colby
Right.
- [36:53]
Ryan Meyer
And the value of that, of rebuilding that entire system is accrued on Ethereum's test. That's right. And so Apple, I think they've done a great job. But yeah, I'm not entirely sure. Whenever I project and I'm like, okay, what can they really do to meaningfully move a needle such that it like you know, five X's over the next next decade.
- [37:12]
Justin Colby
Right.
- [37:13]
Ryan Meyer
But like Ethereum, it's like if they actually succeed in rebuilding this financial system from the ground up at the global scale where anyone can participate, it's like that's like huge upside.
- [37:23]
Justin Colby
Yeah, yeah. 5x we're talking like 50x. Right. Or 500x and who knows. Right. Because to your point, it's the foundational side.
- [37:31]
Ryan Meyer
Exactly.
- [37:32]
Justin Colby
If we wanted to equate Coinbase as the biggest platform to a New York stock exchange. Right. Like you have the older, more customized stock that stocks you can trade, buy and sell each and every day.
- [37:46]
Ryan Meyer
Sure.
- [37:46]
Justin Colby
And there's Way more than that. But everyone gets the point. And then you have your crypto and you can functionally do the same thing. And I just think it's the infantile place right now that if you have some level of risk or some level of willingness, say I'm happy to throw $50 a month or a week or wherever your financial at something.
- [38:06]
Ryan Meyer
Yeah.
- [38:06]
Justin Colby
My un expert ass would argue you're going to make such a higher return in crypto.
- [38:13]
Ryan Meyer
Yeah.
- [38:13]
Justin Colby
I'm just saying that because I have definitely blue chip coins. Right. Or blue chip stocks. Right. The apples, the Teslas, the Amazons. I have money over there. I don't even put money over there anymore just because if I am going to invest in something, I want some more upside.
- [38:26]
Ryan Meyer
Yeah.
- [38:27]
Justin Colby
Making an 18 return in a year. Awesome. For stock market. Yeah, of course that is nothing for crypto.
- [38:33]
Ryan Meyer
Yeah.
- [38:33]
Justin Colby
That is like, oh, I'm so disappointed. I just made 18%.
- [38:36]
Ryan Meyer
Literally. Yeah. I was telling you this earlier, but last night I made a leveraged bet on Dogecoin and I was up like three grand. But it doesn't excite me anymore because they just fluctuate so much that it's like I said about the Tesla. It's like, that's exciting, dude.
- [38:53]
Justin Colby
This has been fun. It is genius. What is the website again?
- [38:57]
Ryan Meyer
Trade Genius.
- [38:58]
Justin Colby
TradeGenius.com. this is Ryan TradeGenius.com. this kid is 25 years old, way smarter than me by far. I'm very impressed by everything you're doing.
- [39:08]
Ryan Meyer
Thank you.
- [39:08]
Justin Colby
Any last words regarding crypto? Obviously, go to his website, go to his platform, use his platform. Yeah, but what else?
- [39:15]
Ryan Meyer
Just regarding if we, we can probably give you some sort of referral link and if anyone signs up like we could probably like give them like free crypto or something.
- [39:22]
Justin Colby
Let's do it.
- [39:22]
Ryan Meyer
Yeah, let's do it.
- [39:23]
Justin Colby
Let's do that. It'll be in the for. If you're watching this on YouTube, it is in the comments. Yeah. And if you're listening this on Apple or Spotify, get over to my YouTube. Go to Justin Colby on YouTube. Watch it. Go to the comments. Click that link. Yeah, dude. Appreciate you showing up.
- [39:36]
Ryan Meyer
Thank you so much for having me.
- [39:37]
Justin Colby
Yeah, dude. If you guys found at least one thing, share it with two friends. If there was one thing that you thought was very valuable, share this with two of your friends. I'll see you on the next episode with another killer guest later.
- [39:50]
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