Episode 12: Markets Hit Highs, Tesla’s RoboTaxi Rolls Out, and Bitcoin Enters the Mortgage Market

00:00

Hey everyone, welcome to another episode. This is JR, founder and CEO of Social Market. And my name is Leon Hitchens. I’m the chief marketing officer at Social Market. Excited for another week, JR? Yeah.  Not as much news, like  crypto related. It  felt very  summer vibes. Lack of just news. Everyone who was tweeting was really just tweeting about  kind of like small little things happening and, you know, genius act getting pushed along. Yeah. Clarity act kind of getting pushed along.

00:28

Nothing like groundbreaking in the crypto world. A lot of other news from the Supreme Court yesterday, but nothing. Yeah. Yeah. And I don’t even know if it’s relevant for us to talk about Supreme Court. You we all have our opinions. We all have thoughts about it, but we want to give you the news on the state of the market, state of crypto, anything of that sort. And even with AI, which kind of a hint, we’re going to talk about AI today as well. With that said, in the last week, the stack in S &P 500 closed with new all time highs. And we’ll talk more about it here in a moment.

00:58

Social market as you can see if you guys saw last week’s episode there are a lot of updates and we’re going to continue to roll out more updates. The release hopefully it’ll come out we will leave a link to it  below in the description for you guys to access social market in real time from your end. The S &P 500 right now is at 6169 Nasdaq

01:18

at 22,518. These are the indexes, these are not the ETFs, and those are apparently new all-time highs. Also, in social market, you can see the value of gold, which right now is sitting at $3,274, and even including the Coinbase, the Coin 50 index for the top 50 cryptos in crypto market. It’s right almost at $400 USD. Right now, the alt coin season is more on Bitcoin side by 19%. The fear and greed and bull market are almost in tandem.

01:47

being right around 60 % overall. it’s very bullish right now. People are starting to feel the greed. And it’s kind of funny that we’re seeing this because it was just last week when the markets were breaking. There was a lot of fear of potential war, but now it’s recovering and Bitcoin it’s sitting at about $107,347. So what does it got? I think it peaked this week, right? I’m kind of curious.

02:16

Yeah, I think it was, was a, I don’t know if it was an all time high, but we’ll talk about the markets here and, and, the geopolitical tensions that have been happening, but, um, everything’s there. Even Trump, what this week said that Bitcoin is letting pressure off of the U S dollar. It’s a great thing for America and that we’re going to embrace it more and more. think Texas passed their strategic reserve. A lot of, a lot of stuff happening for Bitcoin, but it’s still staying about one, one 10.

02:46

one really like 108.  Very close to it for sure. So on to our first story. This is from Morning Brew. SMP and Nasdaq open at record tights. This was on Friday, June 27th. And you know, you can see kind of like the memes. Everyone is kind of bullish on the comments  for this thread. And if we look at the prize more here for Nasdaq on Friday, it opened at above 20,000. So that’s pretty big. I would not have expected the market to be opening at this record time.

03:15

That’s for the Nasdaq and then for the S &P. was again, this is the performance for the last five days.  It’s all just going up, which again, direct opposite of what we saw last week. Everything was breaking, crashing and everything. Those are the two markets. I think a lot of what’s helping be this way is because Trump did close a deal with China. This is a video that  Nick Sorter, I’m not sure who Nick Sorter is, but breaking. President Trump just announced the US has signed a trade deal with China. This is a huge news.

03:44

The legacy media has been telling us this was impossible and India is next, Trump says. India being next would be  insane. It would be  really good for everyone  if that actually happens.  I’m going to play the video now.  few months ago, the press was saying, really have  anybody of any interest? Well,  we just signed with China yesterday, We  signed with China.

04:35

So yeah, that was Trump on the trade deal.

04:38

Honestly, I’m kind of bullish  if it actually does come through about India. And you and I were talking about kind of like how monopolistic the system is in India.  You know,  if you have companies in the US or any other part of the world, seems  working with talent or offshore talent from India. India currently has a monopoly on its payment systems, for lack of a better word. Do you think this is going to cause any impact on that?

05:04

If there’s a open trade deal. really impacts that because this is just like physical trade. All right. Like  seems like it.  I don’t think it’s going to change anything. It’s just going to  open up the market to have more physical trade from India. You know, I’m not sure what sort of resources or materials or products that we get from India per se.  I don’t I don’t think I really see too many things, say, like, you made in India. Rarely  more often it’s made in China, Vietnam.

05:33

Philippines sometimes, Malaysia, but I don’t think it’s going to really change that because it’s like Canada, the digital service tax that’s been kind of progressing along. You need something within a digital remittance or a digital service world, not just a tariff to change the impact of what’s happening there. It makes sense. lot of people there are smart. mean, India is a very big and very diverse country, if we’re being honest, but more times than not, a lot of their

06:01

brightest minds come to the US or other parts of the world to study. The currency of Google is from India. I’m not sure what they do beyond software, but physical trading, maybe they can do some silks, maybe some manufactured work like that.  That could be huge.  I think it would lower the cost of goods and services that come from India. Maybe it would be a win for the economy. Maybe it’ll be a win for average consumers buying the same things that can be bought from India at a cheaper

06:27

precious metals, petroleum, gems, pharmaceuticals,  vehicle parts, machinery, organic chemicals, textiles,  agricultural, and then obviously like crude oil, gold, it looks like machinery is a lot of it. It’s like electrical machinery, nuclear reactors, industrial equipment, components for electronics. it’s a lot of parts to  what we need, but I don’t really understand the Indian economy. It’s one of the largest ones, but…

06:56

Also, like we don’t import cars from there, you know, like they’re not a big maker of cars yet for us. The most sold vehicles in America are Japanese vehicles.  and  Toyota, like, and even them, they have large investments in the United States for plants and everything, but most of it’s made in Japan and then shipped over here.  I know like four Chrysler Jeep, the Stellantis companies  use Mexico and Canada for  different parts of the manufacturing process and then still use Detroit as like a kind of a final completion zone.

07:26

Because if you want the car labeled made in America, you have to have so much of it physically assembled in America.  So  we’ll see what this India part  does for everything. But India is a really large market. They’ve got some totalitarian  tendencies in their government.  And then they have a lot of fraud in their financial systems. That’s been the hardest part of  paying anybody  in India is always the financial fraud because they have such strict laws. Like, for example,  I don’t think Namecheap

07:55

Like for the even GoDaddy for the domain registrars can keep credit cards on file because of  a fraud  and  issues that they’ve had in the past.  President there,  Bhupati Maruma, 15th president of India, July 22. But I believe the previous one helped kind of clean up the financial system a little bit, but  there’s just still a lot of  fraud there. I didn’t know they had a new president, so that’s kind of cool, but it makes sense. I’m kind of excited to see what happens.

08:25

If I’m being honest, like I know India, it’s kind of ignored in the  in the  geopolitics  in the world. Well, it’s not ignored in the sense that people don’t care about it. But I guess common folks  don’t think about India as much as they think about China, Japan, you know,  Europe, the EU. They mostly just think about those countries over India. But India is a superpower, too.  They have a large influence in  the economy.

08:54

I’m pretty sure they’re part of bricks, right? Their alignment is towards China. It’s not so much towards America. like, this is a huge milestone for India to kind of align with America, possibly, you know,  bridge some ties there and make him  a little bit more friendly to  American and Western politics versus  aligning them with  Russia and China.  this could be a big thing in terms of just like pushing them towards.

09:20

more of democracy versus these totalitarian  style regimes like Russia or even China. I agree. think BRICS is the biggest, I wouldn’t say enemy  to the US dollar because the US dollar right now has the biggest control in the world, which is good for us if you’re living in America, like good for you because our dollars go a long way internationally. But if BRICS becomes  the new kind of global reserve currency, then the US dollar is just going to be useless.

09:48

because inflation is high and the only thing that’s keeping us relevant is not only our military, but the fact that it’s a global currency, like it’s a global reserve currency. So BRICS is going to try to overthrow the dollar. So  maybe its involvement with China, with India. I mean, it could help prevent that. So I’m honestly kind of excited to see how things unfold and we’ll keep you guys updated with that. Now, another thing that I want to talk about  is China.  So this is from Cointelegraph. It said breaking  US Treasury Secretary.

10:17

Scott Bessent says trade deal with China could be finalized by Labor Day. There’s this guy who commented, hey, Grock, what’s the news? What’s this new trade deal about? And Grock said the US China trade deal announced on June 27, 2025 aims to ease tensions by suspending most tariffs for 90 days and allowing rare earth exports includes China reviewing export controls and the US lifting some restrictions. Opponents say it’s stabilizing trade.

10:43

Critiques argue it lacks substance, merely undoing past damage without addressing the trade deficit or long-term issue. China is seen as a gaining leverage, while US critiques call it a weak deal. Its success hinges on implementation with uncertainty lingering. Which yeah, it makes sense. Trump,  I think, is really good at overstating what’s actually happening. I get it.  He’s the president. He’s trying to look good. But…

11:09

The devil’s in the details. And as of right now, it looks like we could still see some tariffs for Chinese goods. Like if you’re buying from Shien or even from Amazon, you could get a tax from that, which I think people have been paying taxes to the  US export exports like USPS or  FedEx, whoever they pay the tariff to because  after  Amazon tried to do the whole, hey, you know, this is how much you would be paying for this good on the website. Like when you catch  check out.

11:38

You can see the tariff tax, but they removed it so  you’re still paying for the tariff, but just not through the portal where you bought the good. You’re paying into the one shipping it, it seems. So at least we’re not going to see that with rare earth medals or like jewelry, I guess. So  I guess it just depends on what.

11:58

This is an interesting one because most economists don’t think tariffs work, but Trump is using it as a geopolitical tool and it’s really working for him. You know, I had my doubts in beginning, but seeing how things are going right now, I think it’s kind of a smart move. But I mean, when things don’t go his way, he quickly pulls it back. So I don’t know how much of a leverage he can go on with it for for long. This is from Polymarket. The US-China tariff agreement before 90-day deadline seems to be at an all time yes.

12:28

I think just in the last few hours it was at 94 % yes. People are saying yes, it’s going to happen. you know, a lot of no’s are just maybe at 20 cents per share. So this was disputed twice on May 12th, 2025. That gives you a little bit of context here on the trade deal, but  it prematurely closed and then someone disputed it, which impolymarket if there’s enough evidence.

12:51

they can dispute an outcome, which it looks like  the outcome was disputed. Yes, twice. And it’s already going to close that. Yes, again, because of the tariff agreement. So.  I didn’t you could dispute an outcome, but  I’ve always wondered that  there needs to be enough evidence. It’s not like anyone can do it.  I think for the Camilla  and Trump presidential election last November,  someone tried to dispute that Camilla lost, but.

13:19

It was already late in the night, which it was a pretty decisive victory for Trump. didn’t go through. So  it’s not like you can easily dispute something. There needs to be enough evidence, which  for this, I can kind of see it because it’s kind of messy and confusing.  And the last talking point for this story is will there be a US recession in 2025? Maybe in May  and April, we were seeing like  a high probability of  65, 66.

13:44

And now it’s at 27. So hopefully it remains the case where we don’t have a recession at all. But there’s pretty strong indicators that if we’re not already in the recession, that we will be in due time. Because I think you and I talked about it earlier, how if there is a stagnation in GDP, then we’re pretty much in a recession. I don’t know if we’ve seen that yet. Yeah, stagflation.

14:10

to which  is just as dangerous.  Everything looks like it’s going well. Trump is navigating a lot of this pretty well. I think there’s a looming…

14:22

like target over all of this because the United States has issues just with so much debt. We’ve got a lot of world politics to deal with between China, Iran,  Ukraine, Russia that  could could throw the economies of the world into disarray at any moment. But  also, I think  Trump, you know, for all for all the hate is  is navigating a lot of this stuff fairly well, keeping the economies up almost every single time the market reacts.  The market turns around, shrugs it off and essentially has like one of its

14:52

best trading days, you know, a couple days after and then just like this, like, you know, it’s good news on, um, on no recession. Betters are still a little bit cautious, but new highs doesn’t mean no risk. It’s just the macro fears are fading. Trade routes are opening. Sentiment is bullish for now. So I would say like, let’s keep an eye on these bets. know, smart money is still bracing for.

15:19

the economy to kind of drag sometime soon. then there’s still a lot of people that are pushing money. And this institutional money  is really what drives like big market shifts. Yeah, we’ll see what happens. I was reading right now at the comments, this one guy said six months left of the year, two consecutive quarters of negative economic growth. It’s sort of over yes holders.

15:41

Unless you deem the next six months to be the bleakest in recent history, I would not be paying close to 30 cents here, more like two cents. So I don’t know if these guys are just degenerates on the comments or some of them have actual education. So just take their advice as a grain of salt. guess it’s very true is  a recession is too.

15:59

quarters back to back declines and right now we’ll be heading into  essentially the bull market.  Like this bet could be over here in  a couple months because if you head into the first quarter and things are looking good, like there won’t be a recession.  Right. We’ll see what happens. I guess it’s not a recession until it’s claimed to be a recession.  That’s pretty much as far as it goes recession. Let’s now talk about RoboTaxi because this is  something that was actually pretty much talked about on Twitter, which on Elon’s domain, I think it’s.

16:29

It’s to be expected. So RoboTaxi actually did a soft launch on in the city of Austin, Texas. This is from Tesla’s website. It’s a beautiful website in my opinion. RoboTaxi is coming. We’re bringing the autonomous rights to you today, starting with the Model Y.

16:45

Cyber cab our fully autonomous vehicle will begin offering rides in your area in the future  So it’s kind of interesting. I feel like the new model Y looks a lot like the cyber cab, but  the cyber cab is fully autonomous There’s not even a steering wheel in it. I think it’s smart You want to have something out there soon as you can and with the model Y it makes sense

17:04

And I think it’s the most up to date car in their inventory. Kind of smart. This is from Twitter.  Kind of shows you, kind of gives you a demo on how, how the cyber  or I mean the robot taxi works. So you sit on the back and there’s a button  in between the monitor that’s in between the front seats  and you can just start it. You can,  it kind of works like Uber effectively. So this is the video. They just press on that and it gives you kind of like this.

17:34

very slick UI  of where you’re going.

17:39

I think that person in the passenger seat is a safety driver too. Yeah, so thanks for that because it’s not fully autonomous.  guess Tesla still requires the owner or at least a paid employee from Tesla to kind of be like  the one monitoring the situation. Yeah, so

18:00

They’re fully autonomous. Nobody’s in the driver’s seat, but there is a safety driver there to intervene or, or, you know, answer questions if something happens.  Yep.  Same thing happened to Waymo. Like this is more like, wouldn’t compare it so much to but more to Waymo.  Waymo initially had safety drivers  when they  launched in LA and they rolled out to Austin.

18:22

San Francisco, you know, they always kind of start with safety drivers, but as the technology has gotten a lot better, like you don’t need them anymore. Waymost still has a lot of problems. These cyber taxis or, you know, even kind of robot taxis, whatever the name is, they look pretty cool, but FSD has some bugs. We’re seeing it happen, you know, on the streets of Austin, you know, there’s roads that are just like mislabeled lines that are a little blurry and stuff like that. But overall, it looks like a really cool experience and we’re getting closer and closer to

18:52

and I love this meme like  yeah you were talking about Waymo and I had to just bring it up yeah Waymo is like a much better FSD of Tesla but because it’s so good it’s boring

19:03

Yeah, but Waymo also uses LIDAR. They’ve got like multiple cameras all around it. They’ve been building it. One of those cars is $200,000 and Tesla,  I’m surprised it says a Model Y on it because I believe all the pictures I’ve seen in videos are a Model 3.  But they look so similar that sometimes it’s really hard to tell them apart. Tesla FSD is pretty good and this is a slow rollout for Tesla. They did a very small area of downtown Austin. They only really let influencers

19:33

kind of get access to at first. All those influencers are mostly saying positive ish stuff.  think the real test of this is, know, how many accents do they have per mile?  Um, you know, can they expand outside of these urban cores? Because like, if you could get something that goes from Austin to San Antonio, to Dallas, to Houston, like  that’s really big.  Yesterday, they just announced that there was a full self driving delivery. So the car went from the factory to the person’s house 30 minutes away.  Like that’s huge. And we’re, we’re stepping towards.

20:03

self-driving faster and faster and  like a lot of the critics say Tesla’s being  you know crazy Waymo is just doing the same thing and there’s a lot of problems with it but the only way to do it is to test it in the real world. Yeah I’m honestly kind of excited to see this new autonomous world that we’re moving into. I think the right way to do AI is by automating the boring stuff.  A lot of people don’t like driving and in fact

20:28

You know, there’s a lot of  traffic accidents that happen because of reckless drivers. So this could help people in so many ways. I’m excited to see where this goes.  I also love its electric cars. think, you know, like if you visit anywhere in the world, that’s like fully electric, like Singapore, the downtown urban cores are very silent. You know, you hear more nature  than cars and horns and everything. So  I’m looking forward to, you know.

20:52

the progression to  self-driving, the progression to electric, and I know like it’s flipping and not,  electric’s not gonna be for everybody.  But I think,  especially if you live in a city, like  electric car  probably is gonna do just enough to get around and,  you know, navigate the  daily commutes. I agree. It’ll be really nice not having to drive. Texas is huge. And if I don’t have to worry so much about driving from like  the city that  I live in, which is Dallas, all the way to like Austin or even San Antonio,

21:22

That would be amazing. I don’t want to worry as much about driving. If you look at RoboTaxi on Twitter, you can see a lot of people just spreading a lot of positive things about the experience. This is from Nikola Brussels. That said, that’s actually great news. Bullish for Tesla. Yeah, and I was gonna say like…

21:52

Waymo got boring because it got really good. With Tesla, it’s heading in that direction and in my opinion, that’s how it should be. It’s exciting at first seeing that, you know, a car is moving on by itself, but like its actual service is to help people get from point A to point B safely without having to worry about drivers. I think it’s headed in the right direction. I’m excited to see what happens. Yeah.

22:13

It’s cool.  Like, technology is progressing faster and faster.  It really is.  Like, there’s going to be problems, it’s going to make dumb mistakes.  Like, I don’t think it’s putting anybody at huge  dangers, but…  Right.

22:27

You road accidents are dangerous in the United States, Texas I think has leading number of road accidents in the country You know if if it can cut down on fatigue drunk drivers all of that like it could it could do stuff like Autonomous cars can cut down on traffic even because they can all communicate like I think the progression of it’s good  I know a lot of people are scared of the change just like from  buggy to  Cars cars to you know, like  the safety seat belts, you know every time it’s it’s been a

22:57

huge thing. I want to see these bets.  The people that bet that the RoboTaxi, the CyberTaxi  wouldn’t launch in June totally lost that bet and it was a huge,  huge Oh yeah. So if you go on Polymarket and you look at RoboTaxi, you’ll get  three bets as of  Saturday, June 28th. So the first one is will Tesla launch a driverless RoboTaxi service before July? Which a lot of  people are saying no. Only 5 % chance it’ll happen.

23:27

Will Tesla launch a driverless robotaxi service before August? There’s a 39 % chance it will, so about 40%.

23:33

and why why is that one is it just because  you have to be an influencer to like have access right now  like didn’t probably  launch it dude i’m like  i’m conflicted because wait if people can access it right now  then why is  before july  five percent that it will happen but after hearing your thoughts yeah it

23:57

Only think a limited amount of people are getting access to it. So yeah, it’s like it’s not fully Influence like the Mars dude like those people only got access like this is very gated and Gating access from like traditional media and all that I think it’s it’s a little like, you know, it’s a bit shady for Elon, but also

24:16

If he launches something like wider mass adoption, I think that’s going to be the important part. FSD is not 100 % great. I have experienced some phantom braking and just issues that I’ve had to take over on the car. I think I would trust it for the most part, but it needs to learn a little bit more. And the only way to do it to what even Waymo acknowledged is more miles on the road and more data. That’s the only way to do it. And this is the way that Tesla is going to be able to do it. So I’m not faultless.

24:46

I’m just like, there’s a long journey ahead still. There is.  So just to give you guys a little bit more context, like I said,  I live in Dallas and I’ve driven from Dallas all the way to South Texas  and I have a Tesla as well. The self-driving is really good.

25:03

If you’re on the highway making  very  mundane,  straight  driving, because if you’re going from one big city to another big city in Texas, you’re taking the highway and it’s pretty much a straight path. That can get boring. Full self-driving there is very good. If there is not a lot of congested traffic, that’s when, in my opinion, it’s where it shines. If there’s congested traffic, it can get a little bit finicky. But, you know, just drive safe out there. Full self-driving. I am excited to see where it goes. Let’s talk Bitcoin. You know, we’ve been talking about

25:33

I love Bitcoin.

25:57

federal housing authority or agency. not, not, I think it’s federal housing finance agency  is issuing guidance  on  allowing for Bitcoin and crypto as an asset for a mortgage. It’s a big deal. People could use,  use other assets. Like you could have your brokerage account as an asset to go get a mortgage and Fannie Mae and Freddie Mac are that, big  regulatory body that essentially issues all mortgages. So you’re effectively buying property with Bitcoin is what

26:27

is kind of like  creating the legislation for that? Yeah so like well it’s not even just buying it it’s just using that money as like counting towards your assets so like before if you had like a hundred thousand dollars in cash

26:39

that would be considered towards your mortgage on what you can afford in your income. And if you had a ton of Bitcoin, million dollars in Bitcoin, you weren’t able to use that towards your mortgage application to show that you have assets. They just excluded it completely.  making it more accessible to buy property with Bitcoin. Yeah. Almost. And just like this  Bitcoin historian, this is huge. It’s a valid asset for mortgage approval. So when it comes down to it is you need income and money to actually be able to  get a mortgage and

27:09

I think this thread does does a better usage of it this asset. It’s it’s huge It says like no longer is Bitcoin just like some speculative asset It’s kind of like gold like if you owned a million dollars in gold and try to buy a house They would be like, oh you have the assets not only can we take the house? we could take assets in a forfeiture in the end It’s huge like the mortgage market is the largest consumer credit market on the earth You know 13 trillion

27:39

outstanding debt frowny may and and fred franny and fetty freddy mac back over 60 percent of it and this is huge for bitcoin like this is a really good thread now that i’m now that i

27:51

Read it one by one and hear you talk about it. This is actually really what put together Yeah, like I had to do this  I had to sell Bitcoin to meet mortgage qualifications to have assets on hand You have to have so much money after the  the mortgage goes through you have to do all of that  And then also  it would trigger capital gain So like if you just have Bitcoin sitting somewhere now, you can actually use it to go get that mortgage qualification So don’t consider how much you have in Bitcoin instead of you having to sell for fiat currency to meet the

28:21

or whatever. Okay. Yeah, I don’t have a home yet, but that’s good to know. Yeah, this is the part that you know again, not everything’s not perfect. Currently only Bitcoin held in US regulated exchanges qualify not self custody. So if you have it on there, you have to to transfer it. But Bitcoin is being legitimized very fast. you could even have a good backed mortgage bonds risk adjusted rates for Bitcoin holders. Like imagine if you have a million dollars in Bitcoin, you’re going and buying a half million dollar home and you don’t have income.

28:51

You could still use some of this as doing it credit scoring that counts for cold storage. Like there’s so many things

28:56

that could come of this in like the lending world. If, if we do it, it’s just pushing that Bitcoin is, is an asset class. It’s not just a  stock or security. is digital cold and this thread and I’ll blink it in. There’s really, really cool to read through  and it helps you provide all of that. You know, I, I’ll put it in the show notes too. Again, it’s Trump administration moves to count crypto as a federal mortgage asset. It’s going to help put it.

29:23

Into the world of hey you have Bitcoin you can buy a physical asset if you have any sort of even  Future like crypto holdings you could go buy a house like many people just have to sell it buy the house deal with it if you have a non-traditional job to like  not a w-2  your Freelancer you do uber even if you do day trading like a lot of that stuff is really

29:45

to go get a mortgage. So having some of this into it is a really cool thing to help push it as an asset class and then also  just push it as an ability to like get more people to buy homes. Dude, that’s really exciting.

30:00

I think my biggest fear for now has been will Bitcoin become as restrictive, maybe not like the way the money system works in India, but like here in the US, I would hate to see Bitcoin become even more  hard to deal with just when it’s barely becoming accessible. If it actually makes it so.

30:19

If you have Bitcoin, shit,  we’ll be more in your favor because of XYZ reasons.  for instance, like the Bitcoin with the, what was it called? The FH? Yeah, I think so. FHFA. FHFA. Man, I’m never gonna get that one right. Yeah, me neither. So with the FHFA, if you have Bitcoin like any other asset, then you’re welcome to get your odds increased for getting qualified for you to get a home. That’s amazing. That’s how it should be. I think Bitcoin deserves to be recognized  as

30:47

an asset and not as something that you can buy cocaine with in the Silk Road back in 2013. You know, that’s the kind of reputation it deserves. Yeah. And like there’s platforms out there. Coinbase has Coinbase custody. There’s Swann and I believe the other one’s Anchorage. Like they actually do Bitcoin storage now with proof of reserves and documentation around it. Turbo Tax now has like a Bitcoin integration. It’s not just techies anymore. So like if you go and put a lot of money into it, like you you’ve got

31:17

it

31:47

well as regulate Bitcoin on a 10 second clip.

32:10

crypto so for him to say hey you know crypto needs regulation I think he’s really just trying to say what you and I have been saying here where yeah Bitcoin deserves to be recognized by the US government and by regulations because  there’s so much you can do with it

32:24

100%. And I think it’s in the right way. And  David Sachs, you know, was talking about it as July, September is going to be  crypto season because all of these bills will get through it, the genius act, the clarity’s and all  the accumulation of them.  So  the summer is peak summer right now. We’re heading into July 4th. There’s going to be a slowdown in Congress. think crypto news will over the next like two, three weeks will kind of be super slow,  but  we’ll be covering it and keep talking about it. Yeah, especially

32:54

It’s summer a good mentor of mine told me if you were trying to fundraise or you’re trying to talk to investors or Wealthy people in the summer. Good luck. Everyone is in vacation. So with that said, know We’ll try to cover as much as we can based on what’s active what’s available as far as information goes We’ll try to cover it for you in every weekly basis But yeah, just stay tuned for the next episode of social edge report Don’t forget to subscribe to the channel if you already haven’t dislike it if you dislike it like it if you like it and share with your friends Sounds good. We’ll talk to everybody. Hopefully next week

33:23

Yeah, we’ll be seeing you guys.  Be safe.