Hyperboom Video Transcript

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My name is Brian Rose and this
is our brand new programme,

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covering everything DeFi,

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which stands for decentralised finance.

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This is a $9 trillion
per year marketplace.

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And today, I’m gonna be talking
about how you can profit

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from what I’m calling the
greatest dislocation of wealth

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in human history.

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And I don’t say that lightly.

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In fact, Forbes Magazine
recently said, and I quote,

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“This will shift the structure
of the whole financial system

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“at a macroeconomic level.”

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And the truth is this,
decentralised finance or DeFi

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is already revolutionising
the world of finance.

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You just don’t know it yet.

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And this incredible phenomenon

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is growing at breakneck speed.

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And today, I specifically wanna talk about

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three different concepts.

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First, I wanna talk about what is DeFi?

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This might be the first time
you’re hearing about it.

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This could be the hundredth
time you’re hearing about it,

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but I wanna go deeper,

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because DeFi gives financial
freedom back to the people.

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I’m talking about billions
of people around the world

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that don’t have access to
basic financial services

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that can not only change their lives,

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but change everyone’s life as well.

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Next, I’m gonna talk about the difference

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between DeFi and cryptocurrencies.

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There’s a big difference.

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And we saying crypto go up and down.

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Apparently, Elon Musk fell out of love

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with Bitcoin overnight.

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That doesn’t matter with
what we’re doing here

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with the infrastructure of DeFi,

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and I’m gonna talk more about that today.

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Second, I wanna go into
how to trade the markets.

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Again, how do you trade the markets?

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Most people have no idea.

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And when I see the
behaviour going on right now

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in the crypto space and the DeFi space,

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I see a bunch of newbies,
that’s what I see.

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I spent 15 years in the industry

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learning how to trade
the financial markets

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and there’s nothing easy about it.

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It takes a lot of discipline.

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It takes emotional discipline.

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It takes intelligence.

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It’s not an easy thing to do.

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And I’m gonna talk about how I did it

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and how you can do that as well.

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I was recruited from MIT
in my engineering school

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to work on Wall Street as
one of the rocket scientists

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that would really try to price

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these complex financial
derivative instruments

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that are being used today in DeFi

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and sell them into various
customers around the world.

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I did this throughout the ’90s.

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Then I moved to London in the late ’90s

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and I brokered one of the first

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interdealer credit derivative swaps

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and I went on to make a lot of money

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in credit derivative
swap indexes in the 2000s

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and that’s how I ended
up forming London Real.

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So I’ll talk about that today.

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Third, I wanna talk about how we can give

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financial freedom back to the
people by investing in DeFi.

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It’s gonna give, literally,
billions of people access

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to financial services which
will change the world.

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I’ve spent the last 10 years of my life

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democratising information

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through my YouTube channel London Real.

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It’s been consumed by a half
a billion people in the world,

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incredible ideas that I know have changed,

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literally changed millions
of peoples of lives.

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We’ve also gone on to fight
for some of your basic rights.

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Last year, my entire organisation

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fought for your right to free speech.

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And we went head-to-head

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with trillion dollar
technology companies and said,

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no, not on our watch,

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you will not take away
our basic human rights,

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and we almost lost everything
in fighting for it,

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but we also fought back and we won

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and we couldn’t be more proud.

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This year, I ran to be
your next mayor of London.

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And again, we fought back for our right

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for free and fair elections.

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The police actually tried to stop me

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and banned me from campaigning.

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And now today, we are
putting all of our efforts

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to fight for financial
freedom, your freedom,

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and that for all the
citizens around the world

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and I couldn’t be more excited.

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So again, I wanna get
your questions today.

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This is gonna be a completely
interactive DeFi Real

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and I can’t wait to get started.

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Before we do, I wanna talk about
our brand new DeFi Academy.

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And this is an incredible, incredible,

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incredible learning institution
that we announced last week.

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And our first programme is
called The DeFi Accelerator,

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And we have been absolutely inundated

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with applications from around the world.

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The response has been overwhelming.

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I’ve actually never seen
anything quite like it.

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We’ve already accepted
students from America, Canada,

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Slovakia, Algeria, the UAE, Saudi, France,

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all sorts of places

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and they are already in our private group

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getting warmed up to the course

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that’s gonna start on the 21st.

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These are some incredible
real players here

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and they couldn’t be more excited.

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There is real interest and passion here

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and we couldn’t be more excited

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to build the future infrastructure
of decentralised finance.

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And again, if you come
to our website right now

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at londonreal.tv/defi

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and you apply to be a
part of this elite group,

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there’s a chance you might
see this pop up in your inbox.

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And this is one of the emails

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that some very few
people receive this week,

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which basically said, congratulations,

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you have been chosen to
be part of our elite team

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and join The DeFi Academy.

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And again, I had people reply back

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and said they were so excited,

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they knew this was a
new place in their life

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and a new phase in their life as well.

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So for your interest, I
hope you get one of those,

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but it’s, we don’t send
out that many of them.

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And so you’ve got to show us

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that you deserve to be
a part of this group

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and I couldn’t be more excited.

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Because you’re going to join me

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and I’m going to teach you how to profit

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from what I’m calling the
greatest dislocation of wealth

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in human history.

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And again, I’m looking for
a small group of people

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who wanna actively participate

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in this upcoming DeFi revolution.

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I’m looking for serious individuals
only with real net worth

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who wanna build this exciting
financial infrastructure.

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I’m looking for partners,
collaborators, investors,

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colleagues who wanna join forces

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and create real value
and generational wealth.

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If you’re one of those people,

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go to londonreal.tv/defi
and submit your application.

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And again, sell me,

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tell me why you should
be a part of our academy.

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And let me just be clear,
this is not for everyone.

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My academy is not for crypto day traders.

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That’s not what I’m looking for.

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I’m not looking for people who
are trying to get rich quick.

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No interest in that.

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I’m not looking for people
that are meme coin fans

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and forum trolls.

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If you like doing that, go
waste your time somewhere else.

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And I’m not looking for Bitcoin
fanboys and crypto academics

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who like to talk about things

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but they never actually pull the trigger

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and try to build somethin’
and put money on the line.

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So if that’s one of you,
this is not for you.

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Please don’t go to my page.

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But if you’re a different type of person,

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if you’re a person who really
wants to invest themselves

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long-term in this incredible
technology and movement,

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I’m looking for people who
wanna pull the trigger,

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who wanna get into the arena, who faces,

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they’re gonna be marred by dust and sweat

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and blood from the fight, but in the end,

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you’re gonna know great
enthusiasms, great devotions

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and great success.

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And to be very clear, this is
not a get rich quick scheme.

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I’m not promising overnight gains.

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My team is gonna be building and investing

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in the crucial parts of the DeFi,

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digital infrastructure of the future

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and there’s gonna be some
incredible opportunities

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and also great risks.

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And if you have a long-term perspective,

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then you’re the ones that should apply.

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I’m gonna be dedicating the
next 10 years of my life to DeFi

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and all of its financial
infrastructure and innovation

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and I couldn’t be more excited.

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So again, we’re closing
this course out soon.

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The first live call is June 21st.

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If you wanna be a part of
that, go to londonreal.tv/defi,

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submit your application,
and cross your fingers

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and hope for the best, and
I look forward to seeing you

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on that first live call.

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All right, I wanna get
into my three points today.

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But first, I wanna hear from you.

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Answer these four
questions for me right now.

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Whatever platform you’re on,

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they’re gonna be beamed
over here, over to my iPad.

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First of all, what
question do you have for me

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about the DeFi space?

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Secondly, what do you believe

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that DeFi will revolutionise finance,

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or why do you think it
will revolutionise finance

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and give financial freedom
back to the people?

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Tell me why you think that’s true.

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Third, do you think that cryptocurrencies

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are gonna go up or down from here and why?

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And finally, have you
invested in DeFi platforms?

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And if so, which ones and why?

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And the last question I’m gonna ask you

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is do you think what Elon Musk says

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about DeFi and crypto matters?

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That’s my question for you.

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And I’m gonna give you my answer shortly.

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All right, let’s get into part one,

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because I wanna answer all questions

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and talk about what is DeFi.

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That’s the thing I wanna
answer for you: What is DeFi?

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And I wanna get into all of the details

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around what that means when
it comes to what is DeFi.

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Well, put simply, DeFi
gives financial freedom

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back to the people.

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And also, you might wanna know

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what is the difference between
cryptocurrencies and DeFi.

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I get this question all the time

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and I wanna cover it today.

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So let’s get down to the basics

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because it’s important
that I talk about this.

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And quite honestly, it’s important
that I repeat this stuff,

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because it takes a while
for this to really seep in

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to your core layer of your brain level

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and even down into your body.

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Because when you really
understand these things,

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it will make more sense

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and you’ll be better to invest those.

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So decentralised finance or
DeFi is quite simply this.

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It’s a blockchain-based form of finance

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that doesn’t rely on central
financial intermediaries

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such as brokerages, exchanges, or banks

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to offer those traditional
financial instruments.

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And this is crucial, because I
worked for these institutions

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for 15 years of my life.

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I started off in 1993

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and I worked for Bankers Trust
in New York City until 1995.

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Then I moved to Chicago

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and I worked for the First
National Bank of Chicago,

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I ran their entire US
treasury derivatives desk

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for two more years.

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Then I moved to London and
I was an interdealer broker

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in credit derivatives.

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I worked for ICAT PLC for two years

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and later I moved back to London

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and worked for another nine
years for ICAT PLC as well,

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where we pretty much led the market

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when it came to credit
derivatives index swaps

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and we made a tonne of money.

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And one thing I know is this,

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centralised financial institutions

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do not have your interests at stake.

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They just don’t.

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Their job is to make a lot of money.

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And we made a lot of money.

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DeFi changes all of that.

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Because DeFi uses smart
contracts on blockchains,

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the most common right now being Ethereum,

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that could change, where
applications known as Dapps

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or decentralised applications

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perform financial functions
on digital ledgers

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called blockchains that
are public and open

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to everyone to see.

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The transparency is so important here.

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And this is a technology we
first saw utilised by Bitcoin

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back 12 years ago, but it’s evolved

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much, much more since then.

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And again, let me repeat.

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This concept of an open blockchain

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means that everything is public

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and everything is transparent,
including the fees.

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I cannot emphasise how important this is.

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Because the reason we made
so much money on Wall Street

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and in the city of London and in Chicago

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is because we weren’t transparent.

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We didn’t give you all the information.

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You couldn’t see the fees
we were being charged.

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That’s how they make their money.

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So when you make everything transparent,

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it means the traditional
banking, quote, unquote,

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business as usual is gonna
be completely disrupted

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with the customer, that’s you and me,

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and all of the citizens around the world

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and the speed of innovation,
both being the big winners.

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And let me repeat that.

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The customer is the big winner

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and the speed of innovation
is the big winner.

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And right now, it’s estimated

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that the centralised finance
sector, also known as CeFi,

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is extracting over $9.1 trillion per year

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from the global economy.

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Think about that.

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$9 trillion a year is being pulled out

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from the global economy by
centralised finance right now.

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That’s more money than is pulled out

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from the utilities sector,

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the communications service sector,

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and the real estate sector,
which has massive, combined.

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That’s how big it is.

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If we can disrupt it,

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that $9 trillion can be
routed to other places,

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and that’s just the tip of the iceberg,

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because the innovation probably
brings another 10X increase

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in the amount of money available.

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And again, most of this draw
is unseen from the public,

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and that’s $9 trillion just
waiting to be disrupted

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and redistributed on a mass scale,

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which is where DeFi comes in

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and these incredible
investment opportunities

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that I wanna talk about today.

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And I go into more detail
inside The DeFi Academy,

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which means basically this:
no more shady middlemen.

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And yes, I’m talking about
those bankers out there,

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those brokers, all right?

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And I used to be both of those people.

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It means no more of you bankers

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ripping out these huge spreads

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because of lack of transparency.

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And again, I did this for 15 years.

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I know the game.

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It also means no more banks

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keeping their customers in the dark

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when it comes to dangerous risk exposure.

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Anybody remember the
mortgage crisis of 2008s?

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We all paid for that.

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Why, because you didn’t
understand your risk exposure.

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DeFi is gonna change all this.

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And it means no more bankers
ripping off hardworking people

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and citizens around the
world from their savings,

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your mortgages, your car
loans, your school loans,

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your investment portfolios,
your insurance contracts,

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your retirement accounts,
your trust, your wills,

[00:13:10.04]
everything that you would typically

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go to a financial institution for

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is now gonna change with
DeFi and the blockchain.

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It’s going to completely revolutionise

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the way we as customers understand

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and interact with our money.

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And let me say this, because
this is an important point:

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the closer you get to really feeling,

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touching, understanding your finances,

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the more they’ll actually
be a part of you.

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Right now, money is something

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that most people don’t understand.

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I don’t get it.

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My financial advisor takes care of that.

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My bank takes care of that.

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I’ve got an IRA.

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I’ve got a 401k.

[00:13:43.01]
(scoffs) Who are you kiddin’?

[00:13:45.03]
You are losing so much money

[00:13:46.07]
and you’re out of touch with
your money because of that.

[00:13:49.06]
Like so many of us are out
of touch with our own bodies,

[00:13:52.03]
we’re out of touch with so
many things in our lives.

[00:13:54.07]
I wanna get you reintegrated

[00:13:56.04]
to something that’s so fundamental

[00:13:58.04]
in almost every moment of your life,

[00:14:00.05]
because every moment of
your life is a transaction.

[00:14:02.09]
Why not own that and feel
comfortable with that?

[00:14:05.05]
It’s gonna change what money means to you.

[00:14:07.09]
And I actually think that DeFi

[00:14:10.02]
is gonna make the world
less money obsessed

[00:14:12.09]
because it’s easy to
obsess about something

[00:14:15.01]
when you actually don’t know what it is,

[00:14:16.07]
and that’s the biggest problem.

[00:14:17.09]
When I see people and
when I talk to people

[00:14:19.09]
that are coming inside my DeFi Academy,

[00:14:22.00]
they don’t even know what it is,

[00:14:23.02]
they don’t have a real
relationship with money.

[00:14:25.04]
So they’re scared of it, they hoard it,

[00:14:27.07]
and they misunderstand it, and
we’re gonna change all that.

[00:14:30.01]
And that’s why me and
my team are going all in

[00:14:32.06]
on this technology and infrastructure

[00:14:34.02]
and we plan on spending the next 10 years

[00:14:36.02]
teaching, broadcasting,
understanding, educating,

[00:14:39.05]
investing in, and profiting from

[00:14:42.05]
this incredible new marketplace

[00:14:44.04]
and I couldn’t be more excited.

[00:14:45.06]
So that is my definition of DeFi.

[00:14:48.06]
And I’ll be keeping,

[00:14:49.04]
I tell you this almost every single week,

[00:14:51.04]
’cause I need to bring you up to speed

[00:14:52.07]
with all of the nuances here.

[00:14:54.04]
Next question I get asked
all the time is, Brian,

[00:14:56.07]
is DeFi the same as
trading cryptocurrencies?

[00:14:59.05]
And again, right now, if you
could type into the chat,

[00:15:01.07]
tell me if you’ve traded cryptocurrencies.

[00:15:04.01]
Just say, yes, I’ve traded crypto.

[00:15:05.05]
No, I haven’t traded crypto,

[00:15:06.07]
because I’d like to get a sense right now

[00:15:08.06]
of this audience and what they’re doing.

[00:15:10.05]
And let me just say this,

[00:15:11.06]
cryptocurrencies are not the same as DeFi.

[00:15:14.08]
And let me try to explain that.

[00:15:16.07]
Cryptocurrencies like
Bitcoin are more analogous

[00:15:20.02]
to assets like gold,

[00:15:22.02]
whereas DeFi is the actual infrastructure,

[00:15:25.03]
more like the global financial system,

[00:15:27.03]
the banks, the insurance
companies, the brokerage companies,

[00:15:30.01]
all of that.

[00:15:31.00]
That’s really what DeFi
is more analogous to.

[00:15:33.05]
And let’s look at an example.

[00:15:35.00]
Gold prices go up and down.

[00:15:37.01]
Cryptocurrency prices,
as we’ve seen recently,

[00:15:39.00]
go up and down.

[00:15:39.08]
And here’s the news.

[00:15:40.08]
They’re gonna continue to go up and down

[00:15:42.06]
for probably the next 100 years.

[00:15:44.04]
This is the reality.

[00:15:45.08]
But the global financial
system always stays present

[00:15:49.02]
and it actually innovates
over time constantly,

[00:15:51.09]
even when we have setbacks
like stock market crashes

[00:15:56.00]
and savings and loan
mishaps and mortgage crises,

[00:15:59.04]
actually the infrastructure
constantly improves,

[00:16:01.09]
which is why you usually
get better services online,

[00:16:05.01]
et cetera, but that’s
still centralised finance.

[00:16:07.09]
One of the great analogies
that Andreas Antonopoulos,

[00:16:10.08]
who’s been on my show for,
over the past six years,

[00:16:14.00]
one of the real great experts

[00:16:16.00]
when it comes to understanding Bitcoin

[00:16:17.07]
and all things blockchain,
he told me this,

[00:16:20.02]
and I’m gonna play this video
for you a little bit later,

[00:16:22.04]
he said, Brian, do you
remember back in 2000

[00:16:24.04]
what happened with the dot-com boom?

[00:16:25.08]
And I said, actually I do,

[00:16:27.04]
because I was the 27-year-old
CFO of a dot-com startup

[00:16:32.01]
in New York City called luxuryfinder.com.

[00:16:34.06]
And here’s a quick story.

[00:16:35.07]
I actually left London
in 1999 to take this job

[00:16:39.04]
as a dot-com CFO in a
startup in New York City.

[00:16:43.07]
And one of my best friends
from MIT called me up and said,

[00:16:45.09]
Brian, he said, get your ass to New York.

[00:16:48.04]
You gotta be part of this revolution,

[00:16:49.09]
and I got this job for you.

[00:16:51.07]
And I said, I’m kinda in the middle here.

[00:16:53.09]
I’m actually in the financial markets.

[00:16:55.05]
And he said, this is where
you wanna be, so I flew back.

[00:16:58.04]
And within three weeks, I had
moved back to New York City.

[00:17:01.04]
I left all my furniture
and everything in London,

[00:17:03.06]
I didn’t care.

[00:17:04.06]
And I started going into the dot-com boom.

[00:17:07.05]
End everything was amazing

[00:17:09.03]
and we were all worth
millions of dollars on paper.

[00:17:11.04]
And in 2000, the market
crashed and the NASDAQ crashed

[00:17:14.08]
and I think over a
trillion dollars of value

[00:17:17.00]
was lost in that market.

[00:17:18.08]
Now, that’s a good
example of an asset price

[00:17:21.02]
of going up and down like a crypto

[00:17:23.04]
or the stock price of eluxury.com
or the price of Bitcoin.

[00:17:29.05]
But what happened in the year 2000

[00:17:31.02]
something no one talks about?

[00:17:32.06]
It was the greatest year
for the internet on record.

[00:17:36.07]
Now, what do you mean by that, Brian?

[00:17:37.06]
What do you mean the greatest year?

[00:17:38.05]
Well, clearly it wasn’t.

[00:17:39.05]
The NASDAQ lost half of its value.

[00:17:42.01]
Yes, but everyone in the world

[00:17:44.01]
started looking at the internet

[00:17:46.00]
as a solution to their future.

[00:17:47.03]
They started using it to
buy books and buy jewellery.

[00:17:50.00]
They started using it to consume content.

[00:17:51.09]
They started using it for search.

[00:17:54.01]
They started using it for
every day of their life.

[00:17:56.02]
So actually 2000 was
one of the biggest wins

[00:17:59.07]
for the internet and internet
integrated into commerce,

[00:18:02.09]
and yet we were focused on an asset price

[00:18:05.01]
that goes up and down and up and down.

[00:18:07.01]
This is a similar analogy to DeFi.

[00:18:10.05]
We’re gonna see Bitcoin go up and down.

[00:18:12.06]
We’re gonna see Elon Musk
tweet out this and that.

[00:18:15.08]
But DeFi, as the infrastructure,

[00:18:18.04]
is gonna constantly be improving.

[00:18:20.02]
And if you had bet on the
internet back in 2000,

[00:18:23.04]
your gains right now would
be 100X, 1,000X, 10,000X.

[00:18:26.04]
Think about that.

[00:18:27.03]
If you had invested

[00:18:28.02]
in some of those early
companies back then,

[00:18:30.02]
you would be a winner right now.

[00:18:31.06]
We’re gonna do the same
thing inside my DeFi Academy.

[00:18:34.06]
And so think about that
analogy, let it seep in,

[00:18:38.04]
because it’s important to
understand what’s gonna happen.

[00:18:40.08]
And again, I want you to understand this.

[00:18:43.08]
The financial system
has been centralised now

[00:18:46.06]
for the past couple of hundred,

[00:18:48.05]
maybe even a couple thousand
years if you think about it,

[00:18:51.00]
and therefore its rate of
innovation and improvement

[00:18:54.04]
has been very slow.

[00:18:55.03]
And there’s a great book
that I recommend you reading,

[00:18:57.06]
although don’t get stuck inside
a book by not taking action,

[00:19:00.01]
it’s called “The Innovator’s Dilemma.”

[00:19:01.07]
And it says simply this,

[00:19:03.08]
the market dominant force
will never innovate.

[00:19:07.00]
Let me repeat.

[00:19:08.00]
The market dominant force
will never innovate.

[00:19:10.08]
Walmart used to be the
greatest retail in the world.

[00:19:13.03]
How come amazon.com ate their lunch

[00:19:16.00]
when it came to online sales?

[00:19:17.06]
Why, because by definition,
Walmart won’t innovate.

[00:19:21.08]
They’re just not motivated to

[00:19:23.02]
because things are too
good for their business.

[00:19:25.06]
They’ll never dedicate the resources.

[00:19:27.03]
They’ll never have the company culture

[00:19:29.00]
to actually create that change.

[00:19:31.00]
And there are repeated issues
of this throughout history.

[00:19:34.03]
And that’s why always the innovator,

[00:19:36.05]
the nimble one will win.

[00:19:38.00]
Why do I have more subscribers

[00:19:39.08]
than most every single
newspaper here in London,

[00:19:43.02]
the major publications?

[00:19:44.03]
Because I was an innovator

[00:19:45.09]
and I went down and
created my YouTube channel.

[00:19:48.01]
And now I’ve got more
subscribers and more views

[00:19:50.06]
than The Times of London
and The Telegraph.

[00:19:52.06]
Why, because I’m the innovator.

[00:19:54.05]
The same thing applies
for decentralised finance.

[00:19:57.05]
The centralised finance
institutions like the banks,

[00:20:00.03]
sure, they’ll offer you banking online,

[00:20:02.04]
but that’s not the same
as decentralised finance,

[00:20:05.00]
as I will show you in week
one inside The DeFi Academy,

[00:20:08.00]
and that’s why we’re
gonna focus on this space.

[00:20:09.09]
And again, let me just clarify.

[00:20:12.00]
This space is growing at a rate

[00:20:13.09]
that I’ve never witnessed in history

[00:20:16.03]
and I was part of the dot-com boom.

[00:20:18.03]
I didn’t see a market that was
growing 88 times in one year.

[00:20:22.06]
That’s an 8800% rate growth.

[00:20:26.05]
You don’t see this.

[00:20:27.08]
This is never seen.

[00:20:29.01]
And that’s why I couldn’t
be more excited about this

[00:20:31.07]
and that’s why we’re going
all in on this technology.

[00:20:33.08]
So I hope that helped for you.

[00:20:35.06]
I wanna play for you a short
clip of our good friend,

[00:20:38.08]
Andreas Antonopoulos.

[00:20:39.08]
Again, we used to call
him the Bitcoin Jesus

[00:20:41.06]
back in the day.

[00:20:42.05]
And this clip is from six years ago,

[00:20:43.09]
but the reality still holds true.

[00:20:46.02]
And this is him trying to explain

[00:20:48.00]
the difference between Bitcoin
and decentralised finance.

[00:20:51.03]
He’s not calling it DeFi at this point

[00:20:53.03]
because the term wasn’t around,

[00:20:54.05]
but he’s trying to explain how Bitcoin

[00:20:57.06]
is more analogous to email,

[00:20:59.05]
whereas the internet is more analogous

[00:21:01.05]
to decentralised finance.

[00:21:02.07]
Here’s a short clip of Andreas
explaining this phenomenon.

[00:21:06.00]

[00:21:08.04]
If you are introduced
to the internet in 1992,

[00:21:13.01]
you may make the obvious mistake

[00:21:15.06]
of assuming that email is the internet.

[00:21:19.02]
And for very long time,

[00:21:20.07]
email and the internet
are indistinguishable.

[00:21:23.04]
It’s not until ’95 that
the web comes along.

[00:21:26.01]
And when you have two major
applications on the platform,

[00:21:29.06]
that allows you to see the platform.

[00:21:32.03]
Until then when there’s
only one application,

[00:21:34.03]
you confuse the application
and the platform.

[00:21:38.02]
Bitcoin, the currency, is email.

[00:21:41.01]
It’s not the real invention;

[00:21:44.04]
it’s the first application
of that invention.

[00:21:47.04]
So Bitcoin as a whole is not
just money for the internet;

[00:21:51.00]
it’s the internet of money.

[00:21:52.08]
And currency is just the first application

[00:21:54.08]
on the internet of money

[00:21:56.06]
and there is a whole set of applications

[00:21:59.08]
that we can build on top of that.

[00:22:02.00]
So when I read the paper,
that’s what I started realising:

[00:22:05.04]
this is a platform.

[00:22:06.05]
And on top of it,

[00:22:07.05]
you can build decentralised
trust mechanisms.

[00:22:10.03]
And currency is the
obvious first application,

[00:22:12.07]
and that alone is huge.

[00:22:14.06]
Don’t get me wrong, it’s absolutely huge,

[00:22:16.09]
but it’s not even the beginning.

[00:22:18.03]

[00:22:20.01]
He’s always there to really hit it home

[00:22:22.01]
within a gradable observation.

[00:22:23.05]
Again, Bitcoin is email,

[00:22:27.00]
decentralised finance is the internet.

[00:22:29.00]
Think about it that way.

[00:22:30.01]
Bitcoin was just a tiny, tiny part

[00:22:33.00]
of what would soon become a
massive ecosystem as we knew.

[00:22:36.01]
But back in the early ’90s,

[00:22:37.06]
we thought email was the internet,

[00:22:39.01]
just like a lot of people thought Bitcoin

[00:22:40.08]
was decentralised finance.

[00:22:42.04]
It’s not.

[00:22:43.03]
It’s two-dimensional, three-dimensional,

[00:22:44.09]
four-dimensional, five-dimensions bigger,

[00:22:46.06]
things you couldn’t even imagine.

[00:22:48.02]
Imagine that first email you got.

[00:22:49.07]
Did you ever think you could
buy a book on your mobile

[00:22:52.09]
on the back of that, probably not.

[00:22:54.08]
That’s how that evolved

[00:22:56.00]
and that’s how we’re gonna
see centralised finance

[00:22:57.07]
or decentralised finance
evolve in the future.

[00:23:00.02]
So I’m gonna go to your
questions right now.

[00:23:02.01]
Again, they’re gonna be beamed
right here onto my iPad.

[00:23:04.04]
First of all, tell me,

[00:23:05.04]
what questions do you have
to me about the DeFi space?

[00:23:08.04]
Second, why do you believe that DeFi

[00:23:10.01]
will revolutionise finance

[00:23:11.04]
and give the financial
freedom back to the people?

[00:23:13.09]
Third, do you think cryptocurrencies

[00:23:15.07]
will go up or down from here, and why?

[00:23:17.08]
And fourth, have you
invested in DeFi platforms?

[00:23:20.02]
And if so, which ones and why?

[00:23:21.09]
Let me ask one more question.

[00:23:23.04]
Do you think what Elon Musk says matters

[00:23:27.08]
when it comes to crypto and DeFi?

[00:23:29.03]
Put that one in there as well.

[00:23:30.05]
So I’m going to your questions right now.

[00:23:32.00]
Again, whatever platform you’re on,

[00:23:34.00]
give me those questions and
tell me what’s on your mind.

[00:23:36.04]
I really wanna hear them,

[00:23:37.06]
because this is exciting
stuff here and I love it.

[00:23:40.02]
I’ve got Marek Wlodarski here says,

[00:23:42.06]
hey, Brian, very good idea.

[00:23:44.06]
Is it a really decentralised
project or partly centralised?

[00:23:48.03]
He’s asking me about AML and
KYC, which is know your client.

[00:23:52.04]
And look, it’s very interesting
your question right here.

[00:23:54.08]
Right now, what we wanna
do is we’re creating

[00:23:57.06]
an elite group of people

[00:23:59.06]
that are going spend the next 10 years

[00:24:02.02]
investing in this entire ecosystem
of decentralised finance.

[00:24:06.05]
And so again, we are looking for people

[00:24:08.04]
of our parts of the spectrum,

[00:24:10.01]
we’re looking for people
that wanna develop,

[00:24:11.09]
they wanna invest, they wanna empower,

[00:24:13.09]
they wanna market as well.

[00:24:15.01]
And so that’s what we’re
looking inside The DeFi Academy.

[00:24:17.07]
If you think that’s for you,

[00:24:18.08]
we’d love to see your application
at londonreal.tv/defi,

[00:24:22.06]
and that’s where we’re headed from there

[00:24:23.06]
and I couldn’t be more excited
about what’s happening.

[00:24:26.07]
Again, submit your application.

[00:24:28.03]
We’re only looking for
the right people here

[00:24:30.02]
and we couldn’t be more excited
with what’s about to happen.

[00:24:32.09]
I got Anthony Nelms on Instagram saying,

[00:24:34.05]
Brian, gonna rock our world.

[00:24:36.04]
You know this.

[00:24:37.03]
I feel like I’ve spent the
last 50 years of my life

[00:24:39.04]
preparing to be part of this revolution

[00:24:42.04]
when it comes to DeFi.

[00:24:43.04]
I feel like the last 50 years of my life

[00:24:46.01]
have really gotten me ready for this

[00:24:48.00]
and I couldn’t be more excited.

[00:24:49.01]
We’ve got PK921 on
Instagram saying, quote,

[00:24:51.06]
I’ve been interested in investing

[00:24:52.08]
in a number of cryptocurrencies,

[00:24:54.03]
but the levels of market volatility.

[00:24:55.08]
I’ve been a little hesitant.

[00:24:57.00]
Is DeFi a better option for me, unquote?

[00:24:59.04]
It’s a great question, PK921.

[00:25:01.07]
And again, back to my analogy
of Bitcoin was the email,

[00:25:05.08]
DeFi is the internet.

[00:25:07.01]
Think about that.

[00:25:08.00]
Bitcoin was the email,
DeFi is the internet.

[00:25:10.07]
So yes, cryptocurrencies will always bring

[00:25:13.06]
volatility to them because
they’re being adopted,

[00:25:16.01]
they’re being abandoned,

[00:25:17.00]
they’re being adopted and
they’re being abandoned

[00:25:18.09]
by people who don’t know how to trade.

[00:25:21.00]
And I’m gonna talk about
this in the second section.

[00:25:23.02]
When you get newbie traders,
that equals market volatility,

[00:25:27.01]
and that’s what we’re seeing here

[00:25:28.07]
and in some of the equity
headlines that we’ve seen

[00:25:32.01]
recently as well.

[00:25:34.00]
DeFi is about investing
long-term in the infrastructure

[00:25:37.02]
that’s gonna change our future.

[00:25:38.04]
Imagine if back when you filed
your first email in 1991,

[00:25:41.07]
and by the way, I sent my
first email in 1989 from MIT,

[00:25:46.03]
it was called the Athena Project,

[00:25:47.06]
and I sent it to my brother at Stanford

[00:25:49.01]
and I don’t even think he replied.

[00:25:50.06]
And so imagine back then
thinking this was the internet.

[00:25:54.01]
It’s not.

[00:25:55.03]
What we’re thinking about
is something in the future

[00:25:57.02]
we can’t even conceive of,

[00:25:58.05]
but we know it’s going to be important

[00:26:00.05]
and that’s the way we’re
going in to looking at DeFi.

[00:26:03.02]
And we’re looking to people
to go in with open eyes,

[00:26:06.01]
looking to create value for other people

[00:26:08.03]
and invest themselves and be
part of this wealth creation.

[00:26:11.00]
So, great question, I appreciate those.

[00:26:12.04]
Keep that coming.

[00:26:13.04]
I got Never Lack and Rod
on Instagram says, “Amen.”

[00:26:16.03]
So I guess you’re feeling
us and I appreciate that.

[00:26:18.01]
We got Aaron Analogue
Picks on Instagram says,

[00:26:20.03]
“What’s the difference between DeFi

[00:26:21.03]
and cryptos like Ripple?”

[00:26:22.09]
So again, I kind of explained that.

[00:26:25.01]
A lot of the cryptos right now

[00:26:28.00]
are part of the DeFi infrastructure.

[00:26:30.06]
And so again, you’ve
gotta do a deeper dive

[00:26:32.09]
into a lot of these different,
quote, unquote, cryptos,

[00:26:35.04]
because some are our
traditional coins that we know

[00:26:38.05]
like Bitcoin and Ethereum,

[00:26:39.08]
and they bring volatility with them

[00:26:41.06]
and they also bring other things.

[00:26:43.02]
We’ve also got things
like stablecoins like Dai,

[00:26:45.08]
which is literally attempted to be pegged

[00:26:48.03]
to the value of a dollar,

[00:26:49.09]
and that’s an attempt to
make something ultra stable.

[00:26:52.07]
We’ve also got things
like Ripple and Armour,

[00:26:56.00]
which are coins that are gonna be part

[00:26:57.07]
of the infrastructure of DeFi,

[00:26:59.06]
but oftentimes they bring
their own volatility as well.

[00:27:02.03]
And these are some of the many topics

[00:27:04.03]
that we’re gonna be covering
inside The DeFi Academy.

[00:27:06.06]
One thing I’ve realised in the marketplace

[00:27:08.09]
is there’s no trusted
source of information.

[00:27:11.08]
And that’s one of the reasons
that most people so far

[00:27:14.02]
are applying to The DeFi Academy because,

[00:27:16.03]
they said, Brian, I
don’t know who to talk to

[00:27:18.02]
and I don’t know who to trust,

[00:27:19.08]
and that’s why I’m coming to you.

[00:27:21.04]
And so we’re creating an incredible group

[00:27:23.04]
of intelligent people inside
that we can all trust,

[00:27:26.07]
and it’s absolutely amazing.

[00:27:27.09]
I’m hearing the gong hit out there,

[00:27:29.01]
which basically means someone
just joined our DeFi Academy.

[00:27:31.08]
And we hit the gong every time here.

[00:27:33.08]
We’ve obviously found
someone that we think

[00:27:35.09]
is an elite person who’s
gonna be part of our team.

[00:27:39.04]
And I just heard the gong
go out there, so fantastic.

[00:27:42.07]
If my team can give me their first name,

[00:27:44.02]
I’ll give ’em a shout out here as well.

[00:27:45.08]
Couple more comments
and then I wanna get out

[00:27:47.02]
to section two as well.

[00:27:49.02]
We’ve got Arno on IG saying,
from Belgium, great mission.

[00:27:53.00]
Thank you, Arno, we appreciate it.

[00:27:54.01]
I hope you’re a part of it.

[00:27:56.05]
Someone said an answer to the question:

[00:27:57.07]
do you think cryptocurrencies

[00:27:58.09]
go up or down from here and why?

[00:28:00.04]
Peter Butterworth on YouTube
says, up, baby, all the way.

[00:28:03.04]
Crypto is showing us
that our pension schemes

[00:28:05.02]
are robbing us blind.

[00:28:06.07]
Peter Butterworth, it’s a great plan.

[00:28:08.09]
I spoke to someone recently and they said,

[00:28:11.06]
what would I rather buy, a
cryptocurrency or a gold?

[00:28:14.03]
And they said crypto.

[00:28:15.04]
And this is from an old school
Wall Street friend of mine

[00:28:18.01]
who’s in their 50s.

[00:28:19.00]
And I said, really, you’re
willing to go all in

[00:28:20.09]
on that asset?

[00:28:21.08]
And he said, look, Brian,

[00:28:22.08]
look at our financial institutions,

[00:28:24.02]
they’ve been lying to us our entire lives.

[00:28:26.05]
They’ve been taking out margins,

[00:28:28.00]
they’ve been charging us transaction fees,

[00:28:30.04]
they’ve been pulling the very soul

[00:28:33.01]
out of our long-term investment portfolio.

[00:28:35.01]
That’s my children’s future.

[00:28:37.01]
He said, why would I
trust that institution?

[00:28:39.05]
I would rather invest in something

[00:28:40.09]
that I know is gonna be a
crucial part of our future.

[00:28:43.07]
So I bought the Bitcoin,
I put it in cold storage

[00:28:46.08]
and I’m leaving it there
for my children in 20 years.

[00:28:49.01]
And it was a fascinating observation.

[00:28:51.02]
And Peter, obviously you agree with this

[00:28:53.06]
and I think it’s an important point.

[00:28:54.09]
And again, when it comes
to hot and cold storage

[00:28:57.01]
and how to store your crypto

[00:28:58.03]
we’ll be covering all of
that inside DeFi Academy,

[00:29:00.02]
It’s a very important point.

[00:29:01.02]
Because with the new system
of decentralised finance,

[00:29:04.00]
the onus is on you to protect your assets

[00:29:06.09]
and therefore you have
to be careful about it,

[00:29:09.00]
but there are many options
that you can do that.

[00:29:10.06]
So great questions.

[00:29:11.05]
Keep these coming in,
keep giving me questions

[00:29:13.06]
on all the platforms.

[00:29:14.04]
And after this broadcast is over,

[00:29:15.07]
leave me your questions below.

[00:29:16.09]
I’ll be going those and
answering those as well.

[00:29:20.01]
Couple more questions here.

[00:29:21.02]
We’ve got, let me see,
oh, someone else said,

[00:29:26.06]
let me see, oh, someone
answered the question:

[00:29:28.04]
why do you believe that DeFi
will revolutionise finance

[00:29:30.06]
and give financial freedom
back to the people?

[00:29:33.04]
Kolakao Collin-Tito says on YouTube,

[00:29:36.06]
to me, DeFi represents financial freedom.

[00:29:39.06]
There’s a lack of financial education too

[00:29:41.04]
which DeFi can help address.

[00:29:42.08]
And that’s a great point, Kolakao.

[00:29:45.02]
There’s no education currently going on

[00:29:47.03]
in the centralised finance
world, why is that?

[00:29:50.04]
Why don’t they educate you?

[00:29:51.05]
Well, let’s think about that.

[00:29:53.03]
Back in the day, in the
industrial revolution,

[00:29:56.04]
did they teach the workers
how to read and write?

[00:30:00.01]
Well, in the beginning, they didn’t.

[00:30:01.05]
Why would they?

[00:30:02.06]
Because they wanted them to
be good little worker bees

[00:30:05.09]
and come and do the
tasks they’re told to do

[00:30:08.05]
and then go home.

[00:30:09.08]
And that’s why education was held back

[00:30:12.01]
for so many of the citizens
of the world for so long.

[00:30:15.00]
The same is true with financial education.

[00:30:17.05]
Why would the banks,
the mortgage companies,

[00:30:19.09]
the financial institutions,

[00:30:21.02]
why would they try to educate you

[00:30:23.06]
on the processes that make
them $9 trillion per year?

[00:30:27.02]
When was the last time a banker
or a mortgage company said,

[00:30:30.03]
oh, this is easy, you
can do this on your own,

[00:30:31.09]
you don’t need my help.

[00:30:33.01]
It’s the opposite.

[00:30:34.04]
It’s always like, it’s complicated,

[00:30:36.01]
I’m gonna have to get you financing,

[00:30:38.00]
your application has to be approved.

[00:30:40.01]
Why, why is all that nonsense in there?

[00:30:42.03]
You need a trusted financial
advisor, you need, why,

[00:30:45.08]
why do they do that?

[00:30:46.06]
They do that to withhold information.

[00:30:48.06]
And so part of our mission
here at London Real

[00:30:51.04]
and in The DeFi Academy is to educate.

[00:30:53.06]
We’ve been doing this for 10 years.

[00:30:55.00]
It’s to empower you with the knowledge

[00:30:56.07]
which will make you more
connected to your money.

[00:30:58.07]
Again, I think we face
a massive disconnection

[00:31:01.08]
from our money these days
which makes us hoard it,

[00:31:04.09]
which makes us, we almost idolise it

[00:31:08.03]
and then we can’t connect to it.

[00:31:09.05]
And then when we do get the money,

[00:31:10.07]
we don’t even know what to do with it

[00:31:11.09]
because it doesn’t make us happy,

[00:31:13.04]
because we haven’t actually integrated it

[00:31:16.01]
into the fabric of our lives.

[00:31:17.09]
With decentralised finance,

[00:31:19.05]
it’ll just be like
another part of your life.

[00:31:21.03]
You’ll be connected to it.

[00:31:22.04]
It’ll fill a function.

[00:31:24.06]
And then quite frankly, you can
get on with living your life

[00:31:27.01]
because that’s what I think
life is for, for living,

[00:31:29.08]
not for hoarding assets or
worried about storing money away

[00:31:33.08]
in some secret account.

[00:31:35.02]
That’s not what this is about.

[00:31:37.00]
And so our mission to
educate goes much further

[00:31:39.08]
than simply building a
lot of a wealth creation

[00:31:42.02]
or building, or making a lot of money.

[00:31:43.09]
DeFi Academy is about more than that.

[00:31:46.01]
And so that’s a great question
and thank you for asking.

[00:31:47.09]
A couple more coming here.

[00:31:50.01]
Kadir Gul Akin on Instagram says,

[00:31:52.00]
there is no bank involved, amen.

[00:31:54.00]
That’s exactly what
we’re talking about here.

[00:31:56.00]
That’s the point.

[00:31:56.08]
We get the banks out of the loop,

[00:31:58.04]
and that means you and I win.

[00:31:59.08]
I’ve got SAD and Company
Holdings on Instagram says,

[00:32:02.04]
would you say to buy/sell

[00:32:03.08]
or hold cryptocurrency
at this point in time?

[00:32:06.01]
And that’s a great question.

[00:32:07.02]
And I wanna say, first of all,

[00:32:09.07]
we’re not here to give financial advice.

[00:32:11.04]
I mean, I’m not here to give
personalised financial advice.

[00:32:14.06]
And again, I’m not here
to buy and sell cryptos.

[00:32:17.09]
I think that’s looking at this whole space

[00:32:20.06]
like sending and receiving emails.

[00:32:23.00]
I’m looking at building
long-term infrastructure.

[00:32:26.01]
But I am gonna talk about my mentality

[00:32:28.06]
when it comes to trading the markets,

[00:32:30.00]
and I’m gonna cover that
in the second section

[00:32:32.01]
and I’ll talk about how people
deal with volatile markets,

[00:32:35.05]
how to invest in volatile markets,

[00:32:37.01]
and the emotional process
is very important.

[00:32:39.01]
And we’ll be covering that
in module three and four

[00:32:41.04]
inside The DeFi Academy as well.

[00:32:43.00]
A couple more questions here

[00:32:44.02]
and then I wanna get
back to the good stuff.

[00:32:45.03]
I got Anthony Escobedo
on YouTube that says,

[00:32:47.07]
I made in two years what it
took a guy 25 years in a 401k.

[00:32:52.00]
I’m not a sucker to work my whole life.

[00:32:53.08]
And, Anthony, it’s really well said.

[00:32:55.02]
If you look at the transaction fees

[00:32:57.06]
that they suck out of your 401ks,

[00:33:00.02]
it’s bordering on criminal.

[00:33:02.03]
And again, these
long-term compounded gains

[00:33:05.05]
that you really need in
a long-term investment

[00:33:08.01]
get pulled out with these transaction fees

[00:33:10.05]
that you never even see coming.

[00:33:12.00]
I’m talking about four, five, nine,

[00:33:14.00]
10% transaction fees over time.

[00:33:16.01]
And it basically ruins all of your wealth,

[00:33:18.02]
it goes into someone else’s pocket

[00:33:19.08]
and your children and
grandchildren suffer.

[00:33:22.01]
Enough, we’re giving financial
freedom back to the people

[00:33:24.07]
and I’m so glad you brought that point up.

[00:33:26.04]
Couple more.

[00:33:27.02]
We got Richard Neville
on YouTube that says,

[00:33:29.02]
are we headed for the stock market

[00:33:30.07]
and collapse of the financial system?

[00:33:32.08]
Crypto will crash with it,

[00:33:34.08]
but how soon are we looking at
a utility adoption of crypto

[00:33:38.02]
and in particular DeFi afterwards?

[00:33:40.02]
These are great question.

[00:33:41.03]
There’s a lot of questions there as well.

[00:33:43.01]
A lot of people in the DeFi space

[00:33:45.08]
criticised fiat currencies,

[00:33:47.03]
and I’ve had guests on my
show here in London Real

[00:33:49.02]
for the last five years, 10 years

[00:33:50.07]
criticising fiat currencies,

[00:33:52.02]
from Max Keiser to Jim Rickards

[00:33:55.00]
to Robert Kiyosaki, the
author of “Rich Dad Poor Dad,”

[00:33:59.05]
who by the way will be here live on Monday

[00:34:01.02]
talking about cryptocurrencies,

[00:34:02.08]
and we’ll have his content also

[00:34:05.02]
specially inside The DeFi Academy.

[00:34:08.00]
But these are big questions

[00:34:10.02]
and these are things that will be covering

[00:34:11.04]
inside the academy and inside the course.

[00:34:13.06]
I personally don’t believe
that fiat currency system

[00:34:16.04]
is gonna crash anytime soon.

[00:34:18.00]
I personally don’t believe

[00:34:18.08]
the stock market’s gonna
crash anytime soon.

[00:34:20.09]
But I do believe that DeFi

[00:34:23.02]
and investing in the
infrastructure of DeFi.

[00:34:25.05]
I believe there’s a short window of time.

[00:34:27.03]
I’m talking about months
and years right now

[00:34:28.09]
where all the crucial
infrastructure is gonna be built

[00:34:31.05]
and I wanna be a part of it

[00:34:32.05]
and I’m looking for people
that wanna be a part

[00:34:34.05]
of building something for the future.

[00:34:36.01]
That’s it.

[00:34:36.09]
I’m not looking for people
that wanna get rich quick.

[00:34:38.09]
I don’t need that energy in my life.

[00:34:40.05]
I don’t need it.

[00:34:41.04]
I want people that wanna build,

[00:34:43.00]
that wanna give back to others,

[00:34:44.04]
that wanna serve and create something

[00:34:46.04]
that your grandchildren are
gonna be telling stories about.

[00:34:48.09]
You know what my grandpa did back in 2021?

[00:34:50.09]
He built this.

[00:34:52.02]
That’s the kind of energy

[00:34:53.06]
we’re bringing inside The DeFi Academy.

[00:34:55.07]
And I’ll bring my predictions
later, Richard Neville,

[00:34:57.08]
but I appreciate the question.

[00:34:59.01]
Triple Cross Clothing on Instagram says,

[00:35:00.06]
love it, Brian Rose, keep talking truths.

[00:35:02.04]
I appreciate you as well.

[00:35:03.05]
And Smacker Neal on Instagram says,

[00:35:05.01]
I’m an Aussie native and I buy and hold

[00:35:07.00]
digital assets and DeFi ECTs.

[00:35:09.04]
Good man.

[00:35:10.02]
I like that, Smacker.

[00:35:11.01]
And I am an investor in DeFi as well.

[00:35:14.09]
And I am buying and holding these things

[00:35:16.07]
just for the future.

[00:35:18.04]
And by the way, that was Reddie,

[00:35:19.07]
that just joined us inside the academy.

[00:35:21.04]
So congrats, Reddie.

[00:35:22.05]
We will see you there on our
first live call on the 21st.

[00:35:24.05]
Get in the Facebook group right away,

[00:35:26.00]
upload your introduction video.

[00:35:27.03]
The people in that group are next level.

[00:35:29.03]
I mean, seriously.

[00:35:30.04]
We have some amazing people
with incredible experience,

[00:35:33.06]
great trading experience,
amazing insights.

[00:35:35.08]
Some of these people have already invested

[00:35:37.03]
in some of these DeFi companies.

[00:35:39.03]
I mean, it’s an elite group of people.

[00:35:41.03]
I couldn’t be more excited to
get in here and kick this off.

[00:35:43.08]
So let me talk about section two here.

[00:35:46.02]
And I wanna talk about my
personal background in finance

[00:35:50.01]
and tell you my story.

[00:35:51.04]
You might enjoy this story.

[00:35:52.05]
And again, feel free to
put your questions in here.

[00:35:55.08]
And I wanna talk about my whole journey.

[00:35:57.02]
This is a picture of a trading
floor in New York City.

[00:36:00.02]
And this is a little bit

[00:36:01.06]
like what my trading floor
looked like back in 1993

[00:36:04.05]
when I was at Bankers Trust.

[00:36:05.03]
Mine was actually bigger than this.

[00:36:07.01]
It was massive and it was a
incredibly a lot to take in,

[00:36:11.07]
if I’m honest with you.

[00:36:13.01]
And let me tell you a little
bit about myself first,

[00:36:16.09]
because I was recruited
at MIT back in 1993

[00:36:21.04]
by all the investment banks

[00:36:23.01]
and trading companies in America.

[00:36:24.09]
And I’m gonna put another slide
up really quick here as well

[00:36:28.03]
and show you some of the things

[00:36:29.06]
that we would look at back in the way

[00:36:31.00]
and some of the things
I’m looking at right now.

[00:36:32.08]
And this is, by the way,
options volatility on Bitcoin.

[00:36:38.04]
And the reason I put this up right now

[00:36:40.00]
is because my 15 years of
experience on Wall Street

[00:36:43.06]
will allow me to decode
this diagram for you.

[00:36:46.06]
And this shows, by the way,
call option and put option,

[00:36:50.08]
buys and sells, and blocked
plays currently on Bitcoin

[00:36:54.08]
and this tells you a lot

[00:36:56.04]
about what’s going on in the marketplace.

[00:36:58.04]
It also tells you about what’s
going on with volatility.

[00:37:00.09]
You can actually buy and sell
volatility in the marketplace.

[00:37:03.06]
And there’s a lot of interesting
metrics like option delta,

[00:37:06.07]
gamma and theta that
you need to understand

[00:37:09.02]
when it comes to these markets.

[00:37:10.02]
And again, I’ll come back
to that diagram shortly.

[00:37:12.09]
But my experience on Wall Street
allows me to process that.

[00:37:15.04]
So again, back to my story.

[00:37:17.01]
Back in 1993, I was sitting in MIT.

[00:37:20.05]
That’s actually back in 1992.

[00:37:21.09]
And I had just had two summer
jobs in engineering companies.

[00:37:25.00]
I worked at Ford Motor
Company for the summer,

[00:37:27.05]
which was amazing,

[00:37:28.03]
because I had a Ford
Mustang when I was a kid

[00:37:30.00]
and I thought I wanted to
be a mechanical engineer

[00:37:31.07]
my whole life.

[00:37:32.06]
And I worked there and I
looked around and I said,

[00:37:34.08]
I don’t wanna be one of these guys,

[00:37:36.08]
who, at 60 years old, is
making 50 grand a year

[00:37:39.04]
and he’s living in Michigan.

[00:37:40.07]
I’m like, I don’t wanna be that guy.

[00:37:42.00]
So the next summer,

[00:37:42.08]
I worked for the Aerospace
Corporation in Los Angeles.

[00:37:45.01]
This was a special consultancy

[00:37:47.01]
for the United States government.

[00:37:49.00]
We worked on aerospace
projects and space projects.

[00:37:52.05]
I worked on the Galileo space probe

[00:37:54.00]
for two summers actually.

[00:37:55.02]
And then I looked at that and I thought,

[00:37:56.08]
I don’t really wanna do this.

[00:37:57.08]
And then I saw the movie “Wall Street”

[00:37:59.07]
and I got excited about
options and stocks and finance.

[00:38:03.09]
I started taking classes at
the Sloan School of Finance.

[00:38:06.08]
They actually let the
undergraduates do that at MIT.

[00:38:09.05]
And I was crushing it.

[00:38:11.00]
So here I was, some 20-year-old kid

[00:38:12.07]
and I was smoking all these
27-year-old MBA students

[00:38:15.06]
who had just come back from
their careers on Wall Street

[00:38:18.00]
to learn options at MIT
and they didn’t understand

[00:38:21.08]
quadratic equations like I did,

[00:38:23.04]
and so we were smoking them in there.

[00:38:24.08]
And I took accounting, options
pricing, financial theory.

[00:38:28.04]
And after that taste, I thought,

[00:38:30.00]
I’m going straight to Wall Street.

[00:38:31.02]
And so a bunch of banks,

[00:38:32.06]
investment banks came and interviewed me,

[00:38:34.06]
I flew from Boston to New York City,

[00:38:37.01]
I put my best suit on I
could and I interviewed,

[00:38:39.07]
and it was an incredible experience.

[00:38:42.05]
There’s a picture of
me graduating from MIT.

[00:38:44.06]
This is, I think, in May of 1993.

[00:38:47.00]
And literally, a few months later,

[00:38:50.01]
I packed a van, all my stuff in a van,

[00:38:52.07]
and drove from Boston to New York City

[00:38:54.08]
and I started my career on Wall Street.

[00:38:57.03]
And the reason Wall Street
was looking for engineers

[00:38:59.09]
is because they needed smart
math and engineering students

[00:39:03.09]
to price these complex
derivative instruments.

[00:39:06.03]
And that’s why they went and found me.

[00:39:08.02]
And I still remember my interview.

[00:39:09.06]
I still remember my first
day at Bankers Trust.

[00:39:11.09]
It was on the 33rd floor
of Bankers Trust Plaza,

[00:39:15.01]
which was the building right
next to the World Trade Centre

[00:39:17.05]
before it got knocked
down, right, in 2001.

[00:39:21.00]
And on one side of the 33rd floor,

[00:39:22.07]
you could look right into the building,

[00:39:24.00]
you could see all of uptown Manhattan.

[00:39:25.07]
On the other side, you could
see the Statue of Liberty.

[00:39:27.09]
And I would walk up there
and I literally pinch myself.

[00:39:30.04]
I’m like, I must be in a movie.

[00:39:32.00]
And there was a massive
trading floor as well.

[00:39:35.02]
It must’ve been 300 people on
there, all open plan floor,

[00:39:38.04]
people yellin’, people swearin’,

[00:39:40.06]
alpha males, threatening people.

[00:39:42.03]
Sometimes there were fights,

[00:39:44.01]
millions upon tens of millions
of dollars being made,

[00:39:47.03]
guys in their 20s that were macking it

[00:39:49.02]
with penthouses in New York City.

[00:39:51.02]
I mean, it was crazy.

[00:39:52.07]
And I loved every minute of it.

[00:39:55.00]
And I learned how to price and trade

[00:39:57.07]
some of the most complex
derivative transactions

[00:39:59.08]
in the world.

[00:40:00.06]
I traded hundreds of millions of dollars

[00:40:03.02]
worth of US government treasuries.

[00:40:04.08]
I traded on the Chicago
Mercantile Exchange.

[00:40:07.03]
I traded on the Chicago Board of Trade

[00:40:10.02]
and they gave me the
phone and said, go for it.

[00:40:11.09]
I was 22-years-old and running

[00:40:13.03]
a massive, massive book of risk

[00:40:15.06]
and I learned all about how to trade.

[00:40:19.02]
And it’s a complex idea
and it’s not easy to do.

[00:40:23.02]
And you need to know how
to check your emotions

[00:40:26.00]
and you need to know what’s going on.

[00:40:27.08]
And our job was to create
these complex options

[00:40:32.03]
and financial instruments and
package them for our clients

[00:40:35.01]
that were corporates, that
were institutions, et cetera.

[00:40:37.04]
And when I started looking
into the DeFi space

[00:40:39.09]
months and years ago,

[00:40:41.05]
I looked at what’s
happening now and I thought,

[00:40:43.04]
wow, I haven’t seen this in 30 years.

[00:40:46.00]
30 years ago, we had rocket scientists

[00:40:48.00]
doing what they’re doing right now

[00:40:49.03]
in the past 12 months in the DeFi space

[00:40:51.02]
and it’s growing at a rate
that’s incomprehensible to me.

[00:40:55.05]
The things that are happening right now

[00:40:57.03]
in decentralised finance,

[00:40:58.05]
on some of these incredible platforms,

[00:41:00.01]
took Wall Street 30 or 40 or 50 years

[00:41:04.00]
to create and innovate.

[00:41:05.05]
I’m telling you,

[00:41:06.09]
some of these yield farming
things that are going on,

[00:41:09.02]
where you can take your crypto assets

[00:41:10.07]
and earn yield on them

[00:41:12.05]
took the financial markets of Wall Street

[00:41:15.02]
20 years to create

[00:41:16.05]
and they’re still not as
transparent and liquid

[00:41:18.08]
at what’s happening in
decentralised finance.

[00:41:20.04]
Say, I’m telling you,

[00:41:21.06]
from someone who’s been in
this business for 15 years

[00:41:24.06]
and started 30 years ago,

[00:41:25.08]
I recognise what incredible
things are happening here

[00:41:29.01]
and that’s why we’re deciding
to go all in on this.

[00:41:31.09]
And so again, I’m bringing
all of my experience

[00:41:35.03]
on Wall Street into this equation

[00:41:38.01]
and I’m sharing it with all of my students

[00:41:40.01]
in the DeFi Academy

[00:41:41.06]
and I’m trying to bring
all of my experience

[00:41:44.00]
of the centralised world
into the decentralised world.

[00:41:47.03]
And I wanna talk about
something really quick

[00:41:49.01]
before we get finished here.

[00:41:50.06]
And I wondered if we could
put the graph back up

[00:41:53.04]
of the Bitcoin options piece,

[00:41:56.03]
because I wanna just show that again.

[00:41:57.06]
And again, let me explain what this is.

[00:42:00.04]
These are call options and
put options on Bitcoin.

[00:42:03.02]
That’s what they are.

[00:42:04.02]
And it shows the buying
volume and the selling volume

[00:42:06.07]
and the block volume of these options.

[00:42:08.08]
That’s what that is.

[00:42:09.06]
Now, for most of you, that
might not make a lot of sense.

[00:42:12.01]
So let me see if I can
break it down for you.

[00:42:14.04]
Most people out there buy
and sell cryptocurrencies.

[00:42:17.03]
And you can take the slide
off now and come back to me.

[00:42:19.06]
So most people out there, if
you’re watching me right now,

[00:42:22.00]
you might’ve had some experience
buying or selling a crypto.

[00:42:24.09]
But buying an option on a crypto
is a different instrument.

[00:42:27.07]
Now let me explain it like this.

[00:42:29.03]
Say, Bitcoin is trading
at $36,000 right now

[00:42:32.01]
and you believe it’s gonna go to 45,000.

[00:42:34.01]
Well, you got a couple options

[00:42:35.05]
on how you can take on that risk.

[00:42:37.00]
You can buy Bitcoin,

[00:42:38.05]
but that means you gotta
come up with $36,000

[00:42:39.07]
and buy a Bitcoin and
wait for it to go up.

[00:42:42.02]
Okay, great.

[00:42:43.02]
Might also go down by $9,000

[00:42:46.01]
and you’re gonna have to own that risk.

[00:42:47.02]
Or you could buy a call option,

[00:42:49.06]
struck at $45,000 three months from now,

[00:42:53.01]
that says, if the price goes above 40,000,

[00:42:55.03]
you have the option to buy it at 40,000,

[00:42:57.02]
which means this, if Bitcoin goes up,

[00:43:00.05]
you can exercise that option and profit.

[00:43:03.03]
And if Bitcoin goes way up,
you can profit massively

[00:43:06.02]
because that option is
gonna be much cheaper to buy

[00:43:08.07]
than the current spot price of Bitcoin.

[00:43:11.04]
It also means that your
downside is limited,

[00:43:13.01]
’cause once you buy the option,

[00:43:14.01]
you can’t lose any more than that.

[00:43:16.00]
That’s what that means.

[00:43:17.03]
And so options trading on cryptocurrencies

[00:43:19.08]
is starting to happen now.

[00:43:21.00]
It’s something I’ve
been doing for 30 years.

[00:43:23.00]
And if you understand
what’s going on here,

[00:43:25.03]
you can see a lot of information

[00:43:27.02]
that happens from these options.

[00:43:28.05]
And when option prices
go up and down on calls

[00:43:30.05]
and put options, by the way,

[00:43:32.00]
which is an option to sell Bitcoin,

[00:43:33.08]
if you think Bitcoin is
going down in the future,

[00:43:36.00]
when the prices of those options go up,

[00:43:38.02]
it’s the market believes
that volatility is going up.

[00:43:40.08]
And you can pull that information

[00:43:42.08]
out of those option prices and volumes

[00:43:45.00]
and you can start to see
what the market is predicting

[00:43:47.04]
for the future.

[00:43:48.06]
And so, again, this is a simple thing.

[00:43:51.00]
When it comes to my perspective,

[00:43:52.05]
something I’ve been doing for 30 years,

[00:43:54.00]
that now can be applied
to cryptocurrency markets

[00:43:57.02]
and DeFi markets and exchanges

[00:43:58.09]
in order to pull out crucial information

[00:44:01.02]
to predict what’s going
to happen in the future.

[00:44:02.09]
And again, you can never
predict the future.

[00:44:04.09]
But the more information you have,

[00:44:06.04]
the better you can make
informed decisions.

[00:44:08.05]
And so that’s what that
graph is all about.

[00:44:10.09]
And it’s one of the many
things we’re gonna be through

[00:44:12.08]
in module three inside DeFi Academy.

[00:44:14.09]
We’re gonna be going in to
how to price, how to trade,

[00:44:18.06]
and how to understand options on DeFi.

[00:44:22.04]
And this is a crucial part.

[00:44:24.00]
And again, these are simple
call and put options.

[00:44:26.00]
You can get crazier from here.

[00:44:27.05]
There’s digital options,
there’s spread options.

[00:44:29.04]
I mean, I’ve priced every
option under the moon

[00:44:32.03]
and under the sun.

[00:44:33.01]
And all of these things
will start to come out

[00:44:35.01]
as we see the years progress.

[00:44:36.08]
And those of you that understand this

[00:44:39.08]
are gonna be the ones that
build the infrastructure

[00:44:41.09]
and profit from it and that’s
why I find this very exciting.

[00:44:44.08]
Let me make one comment.

[00:44:46.01]
When it comes to trading the markets,

[00:44:47.04]
and this was asked earlier
in one of the questions,

[00:44:49.01]
before I go back to your questions.

[00:44:51.00]
When it comes to trading cryptocurrencies,

[00:44:54.07]
I see a bunch of amateurs out there.

[00:44:56.06]
That’s what I see.

[00:44:57.07]
I see a bunch of newbies.

[00:44:59.03]
And it’s what creates the volatility.

[00:45:01.09]
Now let me explain this.

[00:45:03.04]
As most of you know, if you’re a trader,

[00:45:06.00]
you have two jobs, two very simple jobs:

[00:45:08.04]
you need to buy low and sell high, right?

[00:45:11.02]
You can buy low and sell high.

[00:45:12.08]
You can actually do that in reverse,

[00:45:14.04]
and sell high and then buy it back lower

[00:45:17.01]
if you wanna go short the market.

[00:45:18.06]
But that’s basically the two
things you need to do correctly

[00:45:21.00]
if you wanna make money, if
we’re gonna break it down.

[00:45:23.07]
Unfortunately, the human
psyche has programmed you

[00:45:28.00]
to do the opposite.

[00:45:29.07]
Most humans buy high and they sell low.

[00:45:33.04]
And that’s why we see people in tears

[00:45:36.03]
after market volatility,

[00:45:38.00]
we see people losing money
when it comes to trading,

[00:45:40.05]
in day trading crypto, which I think 80%,

[00:45:41.09]
90% of day traders lose money.

[00:45:44.05]
It’s because you are
wired not to make money.

[00:45:47.03]
And that’s why the great traders

[00:45:48.08]
that I worked with over
the years of Wall Street

[00:45:50.06]
and in the city of London

[00:45:51.05]
and in the pits of the Chicago Exchange

[00:45:53.09]
they had mental discipline.

[00:45:56.00]
And just like anything in life,

[00:45:57.04]
if you wanna be successful,
you need mental discipline,

[00:46:00.03]
which means you don’t eat

[00:46:01.07]
the entire chocolate
cake when you want to,

[00:46:04.00]
you don’t watch Netflix for
three days when you want to,

[00:46:06.02]
and you don’t skip the gym
for a week when you want to.

[00:46:09.00]
It takes mental discipline
to be successful,

[00:46:11.00]
and it’s same when it comes to trading.

[00:46:13.01]
Most people buy an instrument
after it’s increased in value

[00:46:17.03]
because of FOMO, fear of missing out.

[00:46:19.08]
Bitcoin goes to 50,000,
now it goes to 60,000.

[00:46:23.00]
I better buy it now,

[00:46:24.03]
even though I coulda
bought it five years ago.

[00:46:26.06]
But they buy it now

[00:46:27.07]
because they feel like they’ve missed out.

[00:46:29.05]
So what do they do?

[00:46:30.06]
They buy the highs.

[00:46:32.01]
What happens next?

[00:46:33.06]
Few tweets from Elon, a few
comments, a few volatility,

[00:46:36.09]
Bitcoin goes down below 40,000.

[00:46:38.05]
What do they do?

[00:46:39.09]
Well, obviously they should be
buying low and selling high,

[00:46:42.03]
but what do they do?

[00:46:43.02]
They sell because they
see everything going away,

[00:46:46.01]
they see them losing their house,

[00:46:48.00]
their kids can’t go to school.

[00:46:49.04]
They put too much money into these trades

[00:46:51.02]
because they got emotional about it

[00:46:53.00]
and now they’re selling low.

[00:46:55.04]
They bought high and they sell low.

[00:46:57.03]
And this is what I see happening every day

[00:46:59.03]
inside the crypto markets.

[00:47:00.06]
And there’s so many new traders

[00:47:02.04]
because of decentralised finance

[00:47:04.00]
’cause there’s no gatekeepers,

[00:47:05.00]
there’s no brokers and
investment advisors.

[00:47:08.05]
I think the volatility is magnified.

[00:47:10.08]
And if you wanna learn how
to master the art of trading,

[00:47:14.03]
you have to master your own emotions.

[00:47:16.03]
You have to create mental discipline.

[00:47:17.08]
And it’s easy to say
it’s much harder to do.

[00:47:20.04]
And I always joke with my
students in all of my academies,

[00:47:23.01]
if we all follow the
information that we have,

[00:47:26.01]
then we would all be billionaires
with six packs, right?

[00:47:29.00]
We all know how to get a six pack,

[00:47:30.09]
we all know how to create great companies,

[00:47:34.02]
but most people lack the mental discipline

[00:47:36.05]
and the same comes with
trading the markets.

[00:47:38.06]
Most people, in theory, know what to do,

[00:47:41.05]
but you lack the mental discipline

[00:47:43.03]
and that’s something we’re
gonna be covering deeply

[00:47:45.00]
inside DeFi Academy.

[00:47:46.03]
And that’s what I see
mostly going wrong right now

[00:47:48.05]
in these crypto markets.

[00:47:49.06]
You got a bunch of newbies,
a bunch of amateurs,

[00:47:52.03]
and they don’t know how to trade,

[00:47:53.08]
and that’s why we see
increased volatility,

[00:47:56.02]
and that’s why we see most people,

[00:47:59.01]
their trading careers ending in tears

[00:48:02.01]
and that’s the thing that makes me sad

[00:48:03.05]
and that’s what I’d like to change.

[00:48:04.05]
So I hope that helps.

[00:48:06.01]
Those are thoughts from an
experienced Wall Street trader.

[00:48:08.06]
And now, I wanna go to your questions.

[00:48:10.01]
But before that, I wanna play this video.

[00:48:12.04]
And this is Andreas
Antonopoulos explaining

[00:48:16.00]
that the price of Bitcoin

[00:48:18.04]
is the least important
thing going on here.

[00:48:21.00]
Let me repeat that.

[00:48:22.02]
The price of Bitcoin,

[00:48:23.02]
the thing that everyone’s talking about,

[00:48:24.06]
that Elon’s tweeting about,

[00:48:26.01]
that all the news is talking about,

[00:48:28.07]
you’re missing the points,

[00:48:30.02]
you’re missing the forest for the trees.

[00:48:31.08]
That’s not what’s important here.

[00:48:33.06]
Here’s Andreas talking more about that.

[00:48:36.03]

[00:48:38.05]
is the least relevant or
interesting part of Bitcoin.

[00:48:41.07]

[00:48:43.08]
Because a lot of people would
say, oh, that makes sense.

[00:48:45.07]
But if you explain it a little bit better,

[00:48:47.00]
you understand that it
doesn’t really make sense.

[00:48:49.00]

[00:48:50.04]
In 2000s, 90% of all internet
startups went belly up.

[00:48:55.09]
Almost a trillion dollars
of value was destroyed.

[00:48:59.09]
And that was the internet’s best year.

[00:49:03.08]
Why?

[00:49:04.09]
Because that’s when you started

[00:49:07.00]
really seeing the web takeoff

[00:49:09.07]
and the utility and adoption
all hit these inflexion points

[00:49:14.08]
with the real explosion in mobile,

[00:49:18.06]
the beginning of smartphones
and mobile internet,

[00:49:22.00]
the web had finally taken hold

[00:49:23.08]
and was beginning to get
serious attention from business

[00:49:28.00]
and all of the first-generation
internet startups blew up.

[00:49:31.01]
But what really happened is in that,

[00:49:33.01]
in the last two years of that bubble,

[00:49:35.00]
the internet became entrenched
in everybody’s life.

[00:49:38.05]
2000 was simultaneously the
internet death and its rebirth.

[00:49:45.01]
And so, but that is capitalism,

[00:49:47.01]
that process of creative
destruction and rebirth

[00:49:50.00]
is the process that creates
tremendous innovation

[00:49:54.02]
and attention for things.

[00:49:57.02]
Bitcoin has now gone through
four bubbles like this.

[00:49:59.07]
In fact, everybody knows
about the November 2013,

[00:50:03.04]
went up to a thousand
dollars, crashed down to 230.

[00:50:09.00]
We’re at 270 now.

[00:50:11.08]
But what people don’t know

[00:50:13.01]
is that that’s not the biggest
bubble Bitcoin has ever had.

[00:50:17.05]
Two years before that,
Bitcoin shot up to $30

[00:50:21.02]
and crashed to 25 cents.

[00:50:24.03]
And in relative terms,
that was a bigger climb

[00:50:28.04]
and a much bigger drop.

[00:50:30.02]
And it took almost two
years to recover from that.

[00:50:34.03]
And that was its second biggest bubble

[00:50:35.09]
because the really big bubble

[00:50:37.03]
was when it went from a
thousandth of a penny to a dollar.

[00:50:40.07]

[00:50:41.05]

[00:50:44.01]
’cause parity was almost
considered unattainable.

[00:50:48.03]
The dollar per Bitcoin was
like a Holy Grail dream.

[00:50:52.05]

[00:50:53.08]
its worth basically zero in an idea.

[00:50:56.01]

[00:50:56.09]
And the idea that you can
bootstrap a global currency

[00:51:00.00]
from nothing was in
itself a ridiculous idea.

[00:51:03.07]
So when you hit dollar parity,

[00:51:06.03]
you’ve proven that you can bootstrap

[00:51:08.03]
a global currency from nothing

[00:51:09.07]
and that’s never happened before.

[00:51:12.00]
To then say that the Bitcoin
is dead because it’s at 260,

[00:51:16.05]
if you go back, the idea
that it could ever reach

[00:51:20.01]
260 was insane.

[00:51:22.01]
And by the way, we’re not done.

[00:51:24.02]
We’ve got at least three
or four more bubbles.

[00:51:27.02]

[00:51:28.00]

[00:51:31.00]
Because every time attention shifts back,

[00:51:35.01]
it blows another huge rise.

[00:51:37.08]
And because there’s not enough
to sustain that rise usually,

[00:51:41.04]
it will then revert and crash down again.

[00:51:44.00]
This is a roller coaster.

[00:51:45.05]
It’s gonna continue to be a roller coaster

[00:51:47.02]
for three or four years,
just like the internet was.

[00:51:49.03]
The big difference, the
internet didn’t have

[00:51:51.09]
a single stock price that
everyone could pay attention to.

[00:51:55.02]
So it’s both a blessing and a curse.

[00:51:57.03]
It’s a blessing because
as an investment vehicle

[00:51:59.09]
by attracting people to speculate on it.

[00:52:03.01]
It’s generated a lot of
attention when it goes up.

[00:52:05.09]
It generates a lots of
investments in Bitcoin companies.

[00:52:08.07]
And a lot of the early Bitcoin
millionaires, if you like,

[00:52:11.08]
were able to reinvest their
Bitcoin into startups.

[00:52:14.08]
But at the same time, double-edged sword.

[00:52:17.08]
Every time it crashes,

[00:52:18.08]
someone writes an obituary for Bitcoin.

[00:52:20.08]
They’re like, Bitcoin is now dead.

[00:52:23.00]
By the way, there’s a site
called bitcoinobituaries.com

[00:52:25.06]
where you can read 150
obituaries written since 2010,

[00:52:28.04]
all of which are not true.

[00:52:30.01]
And I’m guaranteeing you,

[00:52:32.04]
there are going to be
two to three more years

[00:52:34.04]
of obituaries being written about Bitcoin.

[00:52:37.09]

[00:52:40.00]
I can listen to him all day.

[00:52:41.05]
And there, he said it right there.

[00:52:43.00]
This is back in 2015, where
he said there had been

[00:52:47.00]
150 obituaries written
about Bitcoin since 2010,

[00:52:52.01]
and he’s laughing.

[00:52:53.06]
And he’s talking about prices
of Bitcoin of 25 cents of $1,

[00:52:57.02]
of $260 of $1,000.

[00:52:59.05]
And yet what did I read this morning?

[00:53:02.04]
Another obituary of Bitcoin.

[00:53:05.04]
Again, if you understand your history,

[00:53:08.01]
then you can see the future.

[00:53:10.00]
And that’s why module
one inside the academy,

[00:53:12.01]
we will be going detailed
into the last 12 years

[00:53:15.06]
of the history of crypto and DeFi.

[00:53:17.09]
And by understanding everything,

[00:53:19.04]
from the ICO boom and bust

[00:53:20.09]
to the crypto winter that
happened, to everything,

[00:53:24.01]
we’re gonna really understand
what we’re dealing with here.

[00:53:27.02]
And again, it allows you
to control those emotions

[00:53:29.07]
and that’s what makes being a good trader

[00:53:31.06]
and a good investor is all about.

[00:53:33.03]
And it’s fascinating to
hear him talk about that.

[00:53:35.06]
The price of Bitcoin
is not the issue here.

[00:53:38.03]
And back then, Andreas said,

[00:53:40.01]
there’ll be three or four more bubbles.

[00:53:41.05]
He shoulda said 30 or 40 more bubbles

[00:53:43.05]
because that’s the nature of this asset

[00:53:45.06]
and it will be, in my opinion,
for the next 10 or 20 years.

[00:53:48.06]
So let’s get used to
that, let’s accept that,

[00:53:51.04]
let’s work on something we can control,

[00:53:53.04]
which is building the
future infrastructure,

[00:53:55.05]
and making intelligent, lower risk bets

[00:53:58.08]
on some of these other crypto plays.

[00:54:00.09]
All right, this is great stuff.

[00:54:02.00]
My questions for you right now,

[00:54:03.06]
they’re gonna be beamed right to me.

[00:54:04.07]
Tell me, what question do
you wanna ask me about DeFi?

[00:54:07.05]
Secondly, why do you believe that DeFi

[00:54:09.02]
will revolutionise finance

[00:54:10.05]
and give financial freedom
back to the people?

[00:54:12.05]
Third, do you think crypto

[00:54:13.08]
goes up or down from here and why?

[00:54:15.09]
Fourth, have you invested
in DeFi platforms?

[00:54:18.06]
And if so, which ones and why?

[00:54:20.06]
And finally, Elon Musk,
one’s talking about Elon.

[00:54:24.00]
Do you think Elon, first of all,

[00:54:27.03]
should be talking about cryptos?

[00:54:28.08]
Do you think he has any
long-term change in crypto

[00:54:32.01]
or DeFi space?

[00:54:34.01]
Or do you think ultimately
this is not about one person,

[00:54:36.03]
this is about a community,

[00:54:37.04]
this is about a global infrastructure?

[00:54:39.00]
So I wanna hear from that, from you now.

[00:54:40.09]
And then of course, I’m gonna
finish off with my final point

[00:54:43.04]
about how we’re gonna create
this infrastructure together.

[00:54:45.07]
Some great comments coming through here.

[00:54:47.03]
I got Painreliefpc ask via
Instagram, what’s the website?

[00:54:51.01]
So I assume you’re
referring to DeFi Academy.

[00:54:52.09]
It’s londonreal.tv/defi, D-E-F-I.

[00:54:57.01]
And I just heard another gong out there.

[00:54:58.09]
So we’ve just accepted a new
member of The DeFi Academy.

[00:55:02.02]
My team gives me their first name.

[00:55:03.04]
I’ll give them a shout out as well.

[00:55:04.09]
Again, you have to apply
and be accepted by me

[00:55:09.09]
in order to get into this academy.

[00:55:12.07]
But there’s not much time left obviously

[00:55:14.03]
and we’re starting this course very soon.

[00:55:15.05]
And honestly, I mean, I never predicted

[00:55:19.01]
this amount of interest
in subscribers globally.

[00:55:21.07]
It’s literally crashed our
computers here a few times.

[00:55:24.04]
And so I appreciate
everyone coming in here.

[00:55:26.03]
And I’ll give you a shout out,

[00:55:27.07]
to the person who just joined us as well.

[00:55:30.06]
Bruce Barron Jr. on Instagram says,

[00:55:32.06]
what DeFi projects do you
view as the most innovative?

[00:55:35.05]
Honestly, I love so much
of what I see out there.

[00:55:39.00]
It’s fascinating because I’ve
been talking about this space

[00:55:41.06]
for eight years.

[00:55:42.08]
And again, I bought my first
Bitcoins back at 85 pounds

[00:55:46.05]
back in 2013.

[00:55:48.06]
And even as recent as a year or two ago,

[00:55:51.07]
I was buying a lot of the cryptocurrencies

[00:55:53.03]
that my good friend
Teeka Tiwari recommended.

[00:55:55.02]
And yet now there’s
fascinating new platforms

[00:55:58.04]
that make even that easier to do.

[00:56:00.05]
And so when I go on and see
some of the incredible stuff

[00:56:03.08]
that’s happened on places
like Uniswap and Compound

[00:56:06.02]
and some of the incredible technology

[00:56:07.08]
that’s being developed at
some of these platforms,

[00:56:10.09]
I’m so impressed.

[00:56:12.01]
And I know this is just
the tip of the iceberg.

[00:56:14.05]
So I’ll be talking in more detail

[00:56:16.04]
as far as what we’re gonna be looking at

[00:56:18.01]
and investing in over the future,

[00:56:19.07]
but that all happens inside DeFi Academy.

[00:56:21.08]
But there’s some amazing stuff out there.

[00:56:23.04]
And again, I was in the
CeFi sector for 15 years,

[00:56:27.00]
so when I see what
they’re doing it at 1inch

[00:56:29.08]
or when I see what they’re
doing over at maker,

[00:56:31.05]
I see what they’re doing
at Armour, I’m like, wow.

[00:56:35.08]
We coulda never done this
in a bank with 50,000 people

[00:56:39.00]
that were being paid a
million dollars a year.

[00:56:40.09]
And they’re doing it in weeks

[00:56:43.00]
with people around the world
that sometimes are anonymous.

[00:56:45.03]
It’s incredible what’s happening here.

[00:56:47.05]
Let me say one thing.

[00:56:48.03]
That also brings risks with it.

[00:56:50.00]
And so again, the one
thing that CeFi brings you

[00:56:53.07]
is a underlying layer of risk management.

[00:56:59.09]
You have a pretty good chance

[00:57:01.05]
that your money’s not gonna
disappear in your bank account,

[00:57:03.04]
whereas on some of
these new DeFi platforms

[00:57:05.07]
it’s possible that they
break, they get hacked

[00:57:09.01]
and that’s the other thing we have to be

[00:57:10.04]
very aware of that’s going forward,

[00:57:11.08]
which is why a lot of people
are joining my academy

[00:57:14.00]
because they don’t feel comfortable

[00:57:15.09]
with the unknown risks of
some of these platforms

[00:57:18.00]
and we’ll be talking more
about that in the future.

[00:57:19.08]
And again, looking through the history

[00:57:21.05]
at what’s happened to
some of the platforms

[00:57:23.04]
so we can try not to repeat that history.

[00:57:25.01]
So great questions coming
through and keep them coming.

[00:57:27.02]
Wherever you’re at, leave me a question.

[00:57:28.06]
Even if you never left me one before,

[00:57:29.09]
leave me a question right now.

[00:57:30.08]
They’re being beamed to me right now.

[00:57:32.01]
I got Nanny Nutcase on Instagram,

[00:57:34.01]
come on, how good of a name is that,

[00:57:35.06]
who says, quote, “I have
a lot of faith in this

[00:57:37.07]
if I can get my head around the numbers.

[00:57:39.04]
Do you think a granny could
manage to do this,” unquote.

[00:57:42.00]
Nanny, a granny could
easily manage to do this.

[00:57:44.02]
Again, come on, I just turned 50, right?

[00:57:47.01]
So I might be joining you soon.

[00:57:49.00]
The truth is, is that anyone can do this.

[00:57:51.00]
The problem is this,
you’ve been brainwashed

[00:57:55.01]
over the past 200 years.

[00:57:57.07]
Your financial institutions have told you

[00:58:00.04]
that you’re not smart enough.

[00:58:01.06]
This is too complicated.

[00:58:03.02]
You need an expert.

[00:58:04.06]
You need one of those fast-talking

[00:58:06.01]
Wall Street bankers and
brokers to manage your money,

[00:58:09.04]
the money that you go and work
hard for every single day.

[00:58:13.09]
They say that you’re not smart enough

[00:58:15.05]
to manage your own finances,
your own livelihood,

[00:58:17.08]
the future of your
families and your children.

[00:58:20.02]
That’s fundamentally, there’s
something wrong with that.

[00:58:24.04]
And so we disagree with that statement,

[00:58:26.08]
and that’s been what I’ve been all about

[00:58:28.02]
for the past 10 years.

[00:58:29.03]
I believe that the more
we empower humanity,

[00:58:32.06]
the more we advance humanity

[00:58:34.03]
and that’s what we’ve been
doing here at London Real.

[00:58:35.09]
And so The DeFi Academy
is just a continuation

[00:58:38.09]
of giving the freedom back to the people.

[00:58:41.01]
That means your free right to choose,

[00:58:43.01]
your free right to information,

[00:58:44.08]
your free right to do what you want

[00:58:46.03]
and put what you want in your body,

[00:58:47.07]
and your free right to
manage your own money.

[00:58:50.03]
And again, I would say, Nanny, to you,

[00:58:53.01]
you’ve been brainwashed,

[00:58:54.04]
and that’s a question that
comes from brainwashing

[00:58:57.03]
because you’ve been told you’re
not smart enough to do this

[00:59:00.04]
and that couldn’t be more wrong.

[00:59:02.03]
And that’s where The DeFi
Academy comes into place,

[00:59:04.06]
because I will make sure
you get your hands dirty.

[00:59:07.06]
And that’s what makes
our academy different

[00:59:09.01]
than anything else out there,
is because we take action

[00:59:12.07]
and we hold you to be
accountable to that action.

[00:59:15.09]
So I’m not gonna be talking about theory,

[00:59:17.09]
I’m not gonna be putting up charts

[00:59:19.04]
of where it coins trade;

[00:59:20.09]
you’re gonna be putting
these transactions on,

[00:59:23.02]
you’re gonna be doing
hot and cold storage,

[00:59:25.04]
you’re gonna go on Uniswap
and start experimenting,

[00:59:28.03]
you’re gonna be doing yield farming,

[00:59:30.02]
you’re gonna be joining liquidity pools,

[00:59:32.02]
and you’re gonna be forced
to trade the markets.

[00:59:34.06]
That’s what we do inside my academies.

[00:59:37.00]
That’s why we’ve been massively successful

[00:59:38.09]
and people creating award-winning podcasts

[00:59:40.07]
and successful businesses and TED talks

[00:59:42.09]
because I get you to pull the trigger.

[00:59:45.02]
And that’s what makes
our academy different

[00:59:46.09]
than anything else on the planet,

[00:59:48.05]
that’s why we’ve been more
successful than anyone else,

[00:59:51.02]
and that’s why DeFi Academy
is blown up right now

[00:59:53.02]
because people, within four weeks,

[00:59:54.06]
are gonna get their hands dirty.

[00:59:56.00]
And until you’ve traded an instrument,

[00:59:57.09]
you will never understand it.

[00:59:59.07]
And this has been echoed by
guests like Robert Kiyosaki,

[01:00:02.01]
Jim Rickards, people
like that in the past.

[01:00:04.00]
They’ve always said the same thing.

[01:00:05.01]
Kim Kiyosaki, his wife as well.

[01:00:06.05]
She said, put on a trade,

[01:00:08.09]
that’s how you really
understand what’s going on,

[01:00:10.06]
and that’s what we’ll be
doing inside The DeFi Academy

[01:00:12.09]
and I can’t wait.

[01:00:14.06]
Some great questions coming in here.

[01:00:15.05]
Let me do a couple more.

[01:00:16.04]
Chasingmillions on Instagram,
another great name, says,

[01:00:19.03]
do you think we are early adopters?

[01:00:21.06]
How do I get in your academy?

[01:00:22.09]
I’m all in.

[01:00:24.00]
Chase, you gotta show me

[01:00:26.04]
that you can bring something to the table.

[01:00:28.06]
That’s how you get in in my academy.

[01:00:30.01]
So go to londonreal.tv/defi, D-E-F-I,

[01:00:33.06]
and put in the application

[01:00:35.08]
and tell me what you bring to the table.

[01:00:37.00]
And again, that doesn’t have to be wealth.

[01:00:40.00]
That could mean education.

[01:00:42.00]
That could mean connections.

[01:00:43.06]
That could mean excitement and enthusiasm.

[01:00:45.07]
That goes a long way.

[01:00:46.08]
An open minds, a will to serve,

[01:00:49.00]
a will to give back to others.

[01:00:50.07]
That’s what I’m looking for.

[01:00:51.06]
I’m looking for the right energy.

[01:00:52.09]
So if you wanna be a part of that, great.

[01:00:54.05]
Are we early adopters?

[01:00:55.09]
Yes, we are.

[01:00:56.07]
We still are.

[01:00:57.06]
And I think we still have
a limited window here

[01:00:59.09]
of where we can be still early adopters.

[01:01:01.09]
But we are definitely in DeFi.

[01:01:03.07]
Now, you could argue, you might
be late to the crypto game,

[01:01:05.09]
and maybe you are, but I’m not interested

[01:01:08.00]
in the pure crypto game.

[01:01:09.03]
I think that’s quite boring actually.

[01:01:11.01]
I’m interested in
building an infrastructure

[01:01:13.02]
that we don’t even know what it is yet.

[01:01:14.08]
That’s what’s so exciting.

[01:01:16.01]
And that’s what I’ve been
doing with digital media

[01:01:18.00]
for the past 10 years.

[01:01:19.04]
I’ve been tamped 10 years
in this digital media game,

[01:01:22.03]
I got two million subscribers on YouTube,

[01:01:23.07]
but I still don’t know what this is yet.

[01:01:25.05]
I’m still figuring it out.

[01:01:26.05]
Because it’s quite complicated,

[01:01:29.00]
when you create new technology,

[01:01:30.06]
what it actually means to humanity

[01:01:32.02]
and I wanna be a part of that with DeFi

[01:01:34.01]
and I hope you could be a
part of that as well, Chase.

[01:01:36.03]
So go, apply, I might hit
the gong for you today.

[01:01:39.00]
I got TommyRKO on Instagram says,

[01:01:41.05]
so how would you invest in DeFi?

[01:01:43.07]
And again, great question, Tommy.

[01:01:45.01]
It’s not simple that answer.

[01:01:46.09]
And the problem I’ve found

[01:01:47.09]
is there’s no single trusted
source of information,

[01:01:50.00]
which is why people are flocking in

[01:01:51.06]
to our academy right now,

[01:01:52.07]
because they want a group of individuals,

[01:01:54.04]
it’s not just me talking,
a group of individuals

[01:01:57.06]
to bounce ideas off, to find consensus,

[01:02:00.07]
and also to get the information.

[01:02:02.02]
And watch this leather chair

[01:02:03.03]
over the coming weeks and months.

[01:02:04.05]
I’m gonna be sitting down

[01:02:05.07]
with some of the experts in the DeFi space

[01:02:08.07]
and put them in the leather
chair for a couple hours.

[01:02:10.05]
These will be founders of companies,

[01:02:12.02]
these will be some of the fund investors,

[01:02:14.05]
these will be some of the quant geeks,

[01:02:16.02]
some of the developers,

[01:02:17.02]
and they’re gonna be walking us through

[01:02:18.08]
the cutting edge information

[01:02:20.02]
when it comes to this technology.

[01:02:21.06]
And of course, DeFi
Academy gets early access

[01:02:24.00]
to all of that information

[01:02:25.01]
and special direct access to that as well.

[01:02:27.01]
So that’s how we’re
going to invest in DeFi.

[01:02:30.00]
I hope you’re a part of it, Tommy.

[01:02:31.00]
Realcash85 on Instagram
says, Max Keiser, follow him.

[01:02:34.06]
And he says, you’re a legend.

[01:02:36.02]
Right, and yeah, Max is
a legend, follow him.

[01:02:38.02]
We’ve had him on the show so many times.

[01:02:40.06]
I mean, we’ve had Max on the
show like six or seven times.

[01:02:42.06]
Max used to live in my building.

[01:02:45.00]
Max liked me so much he
moved in next door to me.

[01:02:48.01]
He had me on his show back in
the day, you can YouTube it.

[01:02:51.00]
I know him and Stacy really well.

[01:02:52.03]
They’re absolute gems.

[01:02:53.07]
And again, when you talk
about early adopters,

[01:02:55.04]
I mean, Max has been talking
about Bitcoin since 2011,

[01:02:58.06]
and it’s incredible to see

[01:03:00.02]
that he was such an early adopter.

[01:03:02.03]
Couple other things going on here.

[01:03:03.04]
Robert Jaroszuk on Instagram says,

[01:03:05.08]
yes, they’ve been lying and stealing

[01:03:07.04]
from the future generations
for over a hundred years.

[01:03:09.06]
Robert, you’re right.

[01:03:11.04]
Our financial institutions
are centralised finance,

[01:03:13.07]
has been robbing and lying
to us for hundreds of years.

[01:03:17.00]
It’s about time it stops.

[01:03:18.00]
So let’s make it stop right
now and let’s invest in DeFi

[01:03:21.01]
and really find out what
we really need to know

[01:03:23.06]
about our own finances.

[01:03:24.06]
So thank you, I appreciate that comment.

[01:03:26.00]
A couple more here before
we go to my last part.

[01:03:28.01]
I got Dnewmondin on Instagram says,

[01:03:30.05]
you are here to go big, Brian.

[01:03:32.04]
Thank you for your presence.

[01:03:33.05]
And that is why we’re here.

[01:03:34.07]
We’re putting everything on
the line here at London Real.

[01:03:36.07]
The next 10 years,
everything goes into DeFi

[01:03:39.01]
and my DeFi Academy, period.

[01:03:41.00]
We are gonna change the game

[01:03:42.06]
when it comes to building
the infrastructure

[01:03:44.05]
of decentralised finance in the future.

[01:03:46.08]
End of, as they say here in the UK.

[01:03:48.06]
If you wanna be a part
of this, join us, great.

[01:03:50.07]
If you don’t, that’s fine too.

[01:03:52.09]
We only have a limited
number of spaces available,

[01:03:54.08]
so only the best need apply.

[01:03:56.09]
Sumaria on Instagram says,
Brian, you’re the best.

[01:03:58.05]
Thank you so much, I
appreciate the support.

[01:04:00.01]
Anthony on YouTube says, quote,

[01:04:01.04]
the biggest problem I see with DeFi

[01:04:03.01]
is the lack of user-friendliness.

[01:04:05.00]
It’s very complex and
people won’t adapt as fast

[01:04:07.04]
until it’s easier to use.

[01:04:08.09]
How and when do we see it
becoming more simplified?

[01:04:11.06]
Great question, Anthony.

[01:04:12.08]
The truth is it’s happening as we speak.

[01:04:15.01]
And the reason I know is this,

[01:04:16.06]
is because I’ve been buying
some of these altcoins

[01:04:19.04]
and crypto plays for the last few years,

[01:04:21.00]
as I’ve spoken to my
good friend Teeka Tiwari,

[01:04:22.09]
and I remember going onto these exchanges

[01:04:25.04]
that had these horrible user interfaces

[01:04:28.09]
and things that I’ve
never heard of since then

[01:04:30.09]
in order to buy some of these coins.

[01:04:33.03]
Literally, six months
later, I can go to Uniswap,

[01:04:36.03]
I can go to 1inch and
nothing happens seamlessly.

[01:04:39.09]
The improvements are being made
on a daily and weekly basis.

[01:04:44.02]
It’s incredible the speed of
innovation happening here.

[01:04:47.00]
It’s absolute incredible.

[01:04:48.06]
I’ve literally watched
over the last 12 months.

[01:04:50.07]
It’s grown by 88 times by
certain financial metrics

[01:04:54.04]
and the user experience and
the technology has also grown.

[01:04:57.05]
So I actually think that’s
not an issue anymore.

[01:05:00.03]
And now, it’s about adoption,

[01:05:02.01]
it’s about creating these
fantastic technologies

[01:05:04.03]
like liquidity pools to solve the problems

[01:05:07.00]
that we saw in the early days.

[01:05:09.06]
I released a clip on
my Instagram recently,

[01:05:11.03]
eight years ago, Max Keiser talking about

[01:05:13.07]
how there weren’t liquidity
pools on Bitcoin exchanges,

[01:05:16.08]
which there was no liquidity,

[01:05:18.04]
which meant there was no trading,

[01:05:19.06]
which meant there was no growth.

[01:05:21.05]
This was something he recognised

[01:05:22.09]
that was solved through
innovative developers

[01:05:26.02]
inside the DeFi community
with liquidity pools.

[01:05:28.06]
Again, incredible.

[01:05:30.02]
Something took Wall Street
50 years to innovate

[01:05:33.08]
was done in a matter of
months inside the DeFi space.

[01:05:37.03]
This is why I’m all in on this space

[01:05:39.06]
I couldn’t be more excited for the future.

[01:05:41.03]
So great question, I think
it’s happening right now.

[01:05:43.03]
Couple more.

[01:05:44.04]
Ayesha Calligraphy on Instagram says,

[01:05:46.04]
yay, I love Robert Kiyosaki.

[01:05:47.07]
He’ll be here 5 p.m., London Time,

[01:05:49.08]
live stream from the studio

[01:05:51.02]
and we’ll be talking about cryptocurrency

[01:05:52.07]
and all things DeFi.

[01:05:53.08]
Be there.

[01:05:55.02]
We’ve got Lee Candice on Instagram saying,

[01:05:57.03]
over and above the course fee,

[01:05:58.08]
what would be a reasonable starting fund

[01:06:00.03]
if you apply to a role?

[01:06:01.06]
I’m wanting to apply, but
wanna be sensible enough

[01:06:03.04]
to be informed to have
enough to start to invest.

[01:06:05.02]
Lee, it’s a great question.

[01:06:06.09]
What you need for the DeFi Academy

[01:06:09.03]
is a small amount of funds

[01:06:11.02]
so you can basically do test
trades on all these platforms.

[01:06:15.02]
So honestly, I think a
couple of hundred bucks

[01:06:17.00]
would be enough to where
you can get on there

[01:06:18.08]
and get your hands dirty.

[01:06:20.02]
When it comes to long-term investing,

[01:06:21.06]
that’s a decision that you’re gonna make

[01:06:23.04]
and we’re gonna make sure
we make those decisions

[01:06:25.04]
when the opportunities arise.

[01:06:27.05]
But for the purpose of the four weeks,

[01:06:29.06]
it’s about actually
getting your hands dirty

[01:06:31.09]
and make sure you know what it feels like

[01:06:34.01]
to put these trades on.

[01:06:35.02]
And to do that, you don’t
need a lot of money,

[01:06:36.09]
but you have to be invested.

[01:06:38.05]
It doesn’t work when you’re
doing it theoretically.

[01:06:41.00]
Trust me, I’ve gone down that road.

[01:06:42.09]
So again, a couple hundred
bucks will be enough

[01:06:45.00]
to get you ready for this course.

[01:06:47.00]
And most people that are in
this space or have applied

[01:06:50.03]
already have that minimum asset base.

[01:06:53.03]
Wanted to give a shout out to Daniel,

[01:06:54.07]
who’s our newest member
of The DeFi Academy.

[01:06:57.02]
Big shout out, Daniel.

[01:06:58.03]
That’s who the gong was.

[01:06:59.05]
I will post me hitting the
gong on my social accounts

[01:07:02.05]
for future people that are joining us.

[01:07:03.08]
Just a thing we do here.

[01:07:05.05]
And we appreciate everybody doing this.

[01:07:07.01]
If you wanna be part of The DeFi Academy,

[01:07:09.03]
go now to londonreal.tv/defi
and submit your application.

[01:07:13.05]
We’ll be closing this soon

[01:07:14.08]
and the course starts
very, very soon as well.

[01:07:16.05]
All right, last thing I
wanna talk about today

[01:07:18.00]
before we finish is I wanna
talk about this concept

[01:07:20.07]
of giving financial
freedom back to the people.

[01:07:23.09]
That’s what this is all about.

[01:07:26.01]
And let’s look at my history.

[01:07:27.03]
10 years ago, I started doing this

[01:07:31.01]
by democratising information

[01:07:33.06]
with my channel London Real on YouTube.

[01:07:35.04]
And here’s an old picture of me.

[01:07:37.01]
This is in the old studios of London Real.

[01:07:38.08]
The brick wall you might’ve
seen me take pictures

[01:07:40.05]
with people back in the day.

[01:07:42.03]
This is a young Brian,
starting his journey

[01:07:46.08]
when it comes to
democratising information.

[01:07:49.01]
And again, when I started
YouTube, nobody was on there.

[01:07:53.05]
I think you couldn’t even upload videos

[01:07:55.05]
longer than 15 minutes.

[01:07:56.06]
Instagram didn’t exist.

[01:07:58.04]
I didn’t know the future of
what I would be creating.

[01:08:01.02]
I didn’t know I would
create a global movement.

[01:08:03.03]
I didn’t know I would
empower half a billion people

[01:08:05.08]
with the content we would create here.

[01:08:07.01]
I didn’t know that I would
graduate 5,000 people

[01:08:09.06]
from my academy.

[01:08:10.04]
I didn’t know I was gonna
create five documentary films.

[01:08:12.04]
I didn’t know we would change
millions of people’s lives

[01:08:14.09]
with our content.

[01:08:16.08]
But I knew what I was doing,

[01:08:18.05]
was the spirit of democratising things,

[01:08:22.04]
giving people the freedom to choose,

[01:08:24.04]
giving people the information they need

[01:08:26.03]
to make their own choices.

[01:08:27.08]
And so we did that for 10 years

[01:08:29.03]
and I couldn’t be more proud.

[01:08:30.08]
I broadcast over a thousand
long-form conversations

[01:08:35.02]
with the greatest minds on
the planet, all for free.

[01:08:38.00]
You can watch on YouTube,
you can watch on our website,

[01:08:40.00]
londonreal.tv, all for free.

[01:08:42.02]
Five documentary films, all for free.

[01:08:44.06]
We did this because we wanted
to give this information

[01:08:47.05]
to the people and we couldn’t
be more excited about it.

[01:08:49.07]
And it changed my life for the better.

[01:08:51.07]
It took me in an incredible journey

[01:08:53.03]
and an incredible direction.

[01:08:54.09]
But that wasn’t enough.

[01:08:56.02]
Last year, we found
ourselves on the front lines

[01:09:00.01]
of fighting for your right to free speech.

[01:09:02.08]
And last year, on April 6th of 2020,

[01:09:05.05]
we broadcast the second
largest YouTube live stream

[01:09:10.00]
on the planet.

[01:09:10.08]
The second largest live
stream on YouTube that day.

[01:09:13.07]
Second only to president
Trump’s coronavirus briefing.

[01:09:17.04]
And 30 minutes later, that
video was deleted and banned

[01:09:21.03]
and we were being censored on YouTube.

[01:09:23.02]
And we said, we will
not accept that results.

[01:09:26.04]
We do not believe in the
centralised application

[01:09:30.02]
when it comes to information.

[01:09:31.05]
And so we fought back and said,

[01:09:33.01]
we’re gonna keep broadcasting

[01:09:34.03]
because the people want this information

[01:09:36.02]
and we believe you have
the right to free speech

[01:09:39.02]
and also to hear other people’s opinions.

[01:09:41.02]
And so we continue to broadcast,

[01:09:43.03]
we created our Digital Freedom Platform

[01:09:45.06]
and we’ve got a tremendous response

[01:09:47.08]
from people in the world.

[01:09:49.00]
We raise an incredible amount of money

[01:09:50.06]
and we went on in the face of censorship,

[01:09:53.04]
in the face of oppression

[01:09:55.04]
to pull off the largest
live stream broadcast

[01:09:57.07]
of a human conversation in history.

[01:09:59.07]
1.1 million live stream viewers.

[01:10:02.00]
We did this without the help of any

[01:10:04.00]
trillion dollar technology company.

[01:10:05.06]
In fact, we did this while
most of those companies

[01:10:08.00]
were gunning for us, were
banning us on platforms,

[01:10:10.08]
were shutting down our finances,
but we refused to kowtow,

[01:10:16.01]
we refuse to bow down,

[01:10:17.08]
and fought on for the freedom of speech.

[01:10:19.05]
And we went on and broadcast

[01:10:20.07]
57 more live episodes on that platform

[01:10:24.02]
and invested the money to stream,

[01:10:26.03]
invested the money to
keep that platform live.

[01:10:28.03]
We were maliciously attacked.

[01:10:30.06]
We were vilified in the media.

[01:10:32.05]
They shut down everything they could

[01:10:34.03]
when it came to London Real,

[01:10:35.05]
almost bankrupted our business

[01:10:37.00]
and ruined me and my reputation.

[01:10:39.06]
But we won in the end

[01:10:41.05]
and we couldn’t be more proud
of what we did last year

[01:10:43.01]
with the Digital Freedom Platform.

[01:10:45.00]
It still lives today.

[01:10:46.05]
There’s people on there right now,

[01:10:47.08]
hundreds of people on there
right now watching those videos,

[01:10:50.07]
because that’s the only place
where you can still find

[01:10:53.00]
some of these free speech applications.

[01:10:54.05]
And don’t get me started when
it seems a year from now.

[01:10:57.09]
Now, all of the things that
we talked about last year

[01:11:00.00]
that we were censored for
is now mainstream media

[01:11:02.08]
and now are being talked about

[01:11:03.09]
by the president of the United
States and mainstream media.

[01:11:06.07]
But back then, we were one
of the few people out there

[01:11:08.09]
and one of the few broadcasters

[01:11:10.04]
that was actually taking on those issues.

[01:11:12.02]
And look at the top 10
broadcasters out there,

[01:11:14.05]
even in the podcasting space,

[01:11:16.00]
none of them were talking about the things

[01:11:18.01]
we were talking about last year

[01:11:19.07]
because we believed in
your right to free speech.

[01:11:23.03]
But it didn’t stop there.

[01:11:24.04]
This year, I ran to be
your next mayor of London.

[01:11:26.09]
And in January, I was stopped
by the police here in London

[01:11:32.00]
and they tried to ban us from campaigning.

[01:11:34.03]
They tried to ban our right
for free and fair elections,

[01:11:38.02]
to ban democracy.

[01:11:40.03]
And this is a picture of me

[01:11:41.07]
being stopped by 10 city
of London police officers

[01:11:44.01]
that showed up in five police vans.

[01:11:46.02]
And they said to me, I
couldn’t even believe it

[01:11:48.03]
when I heard it.

[01:11:49.02]
They said, Brian, you’re
banned from campaigning.

[01:11:52.02]
That’s like someone telling
me I’m banned from thinking

[01:11:54.08]
or I’m banned from breathing
or I’m banned from speaking.

[01:11:59.02]
It didn’t even comprehend that
that could even be possible.

[01:12:02.03]
And we said, no, we fought back.

[01:12:06.00]
We issued a letter to every member,

[01:12:07.07]
senior member of the
police force here in London

[01:12:09.03]
and we got back out on
our digital battle bus

[01:12:11.09]
in the face of fear and continued going.

[01:12:14.09]
For months afterwards, we were
pulled over by the police,

[01:12:19.01]
we were intimidated by
the mayor of London,

[01:12:21.06]
we were intimidated by political parties,

[01:12:23.04]
but we refuse to bow down

[01:12:25.05]
because we believed in
free and fair elections

[01:12:27.06]
and your right to choose your next leader.

[01:12:29.09]
And so for me, I see
this as a continuation

[01:12:33.05]
of that fight for freedom.

[01:12:34.09]
We are now fighting for your freedom,

[01:12:37.09]
your financial freedom, your
right to no longer be lied to,

[01:12:42.07]
to no longer be stolen from

[01:12:44.07]
by these centralised
financial institutions.

[01:12:46.08]
And again, I worked there.

[01:12:48.00]
I know their game.

[01:12:50.02]
I know what they do.

[01:12:51.06]
And they do it in a way
that does two things.

[01:12:53.04]
First of all, it’s nontransparent.

[01:12:55.02]
You have no idea what
they’re charging you.

[01:12:56.09]
And again, they’re brainwashing you

[01:12:58.05]
to trick you into thinking
you’re not smart enough

[01:13:01.02]
to take control of your own finances.

[01:13:03.00]
That’s like tricking you to say,

[01:13:04.00]
you’re not smart enough to be
in tune with your own body,

[01:13:07.00]
you’re not smart enough to be
in tune with your own emotions

[01:13:09.09]
or your own relationships.

[01:13:11.02]
That’s ridiculous.

[01:13:12.06]
And so that’s why we now
are giving financial freedom

[01:13:17.00]
back to the people.

[01:13:18.00]
And again, I couldn’t be more excited.

[01:13:20.01]
I’m looking at this space

[01:13:22.00]
and my team have decided to
go all in on changing this

[01:13:26.02]
and changing the entire dialogue

[01:13:28.02]
when it comes to giving the
power back to the people.

[01:13:31.00]
I wanna enable billions
of people worldwide

[01:13:33.08]
to use financial markets
to improve their lives

[01:13:36.03]
and those of their friends, their family,

[01:13:37.06]
and their communities.

[01:13:38.04]
Literally, there are people out there

[01:13:39.07]
that don’t have access to
basic borrowing and lending,

[01:13:43.02]
that could be flourishing
in their communities

[01:13:45.02]
and provide so much value to the world.

[01:13:47.03]
And so I’m incredibly privileged.

[01:13:49.06]
The last 10 years, I’ve been lucky enough

[01:13:51.05]
to have conversations in this studio

[01:13:53.06]
with some of the pioneers
of cryptocurrency

[01:13:55.09]
and decentralised finance.

[01:13:57.02]
People like Max Keiser,

[01:13:58.08]
Rick Falkvinge of the
Pirate Party in Sweden,

[01:14:01.02]
John Collison, the Founder of Stripe,

[01:14:02.09]
who’s now worth a hundred,
over a hundred billion dollars,

[01:14:05.00]
Andreas Antonopoulos, Teeka
Tiwari, and many, many more.

[01:14:09.00]
And so I wanna take all of my knowledge

[01:14:11.06]
and all of our excitement to
keep fighting for your freedom

[01:14:17.00]
and we’re gonna push it
now into the DeFi space

[01:14:19.01]
and it’s gonna be embodied
in The DeFi Academy,

[01:14:21.05]
these DeFi Real broadcasts

[01:14:23.01]
and we wanna take
everything to the next level

[01:14:26.01]
and give power back to the people.

[01:14:27.07]
That’s our mission, and we
couldn’t be more excited.

[01:14:29.09]
And so again, I wanna play for you

[01:14:31.05]
a final clip with Andreas

[01:14:32.06]
and then go back to your
final questions here.

[01:14:34.09]
This is Andreas, and again, back in 2015,

[01:14:37.04]
talking about how decentralised finance

[01:14:40.05]
will literally empower billions of people

[01:14:43.08]
that don’t have basic access to finance,

[01:14:46.00]
and another few billion of people

[01:14:48.01]
that don’t have more of an
extended access to finance.

[01:14:51.08]
And here’s another great clip
from Andreas Antonopoulos.

[01:14:55.04]

[01:14:59.09]
We live in a planet with seven
and a half billion people,

[01:15:03.03]
and two to four billion people

[01:15:05.01]
are completely cutoff from finance,

[01:15:07.08]
and almost five to six billion people

[01:15:09.07]
are cut off from international finance.

[01:15:11.07]
What happens to the world economy

[01:15:13.09]
when you bring six
billion new people online,

[01:15:17.08]
people who are productive
but disconnected?

[01:15:21.07]
What happens to their lives?

[01:15:23.04]
What happens to poverty across the world

[01:15:27.02]
when you can extend financial services,

[01:15:30.09]
opportunity, credits, liquidity?

[01:15:33.09]
Like if you’re, even if you’re
in a developed nation today,

[01:15:38.08]
where can you invest your money?

[01:15:40.08]
Nowhere, there is nothing you
can invest money in today.

[01:15:44.01]
The real estate market is a huge bubble.

[01:15:46.06]
You can’t buy cars ’cause
that’s a huge bubble.

[01:15:49.03]
Student loans are a bubble
in the US now, right?

[01:15:53.06]
There are no investment outlets

[01:15:55.08]
because nothing is productive.

[01:15:58.06]
What about if you were
investing in a billion people

[01:16:02.02]
who are in poverty and I
could take a thousand pounds,

[01:16:07.05]
split it into a thousand microloans

[01:16:11.00]
and join together with a million investors

[01:16:14.08]
to fund those microloans,
what happens then,

[01:16:19.00]
direct, no banks, no intermediaries,

[01:16:22.03]
no overheads, no costs,

[01:16:24.00]
direct funding developed
world to developing world,

[01:16:27.05]
person-to-person?

[01:16:29.04]
From my smartphone in Trafalgar Square

[01:16:33.02]
to a Kenyan farmer’s text messaging phone,

[01:16:36.06]
which they can then use to buy seed

[01:16:39.01]
or stock up a small store
or start a sewing business

[01:16:43.06]
or buy a scooter and
use it as a taxi service

[01:16:47.09]
for rural environment,

[01:16:50.09]
that is where Bitcoin’s
possibility really is.

[01:16:54.06]
The reason we cannot
extend financial services

[01:16:58.01]
to the rest of the world

[01:16:59.01]
is not because they don’t have money,

[01:17:01.08]
it’s not because they don’t
have productive potential;

[01:17:04.07]
it’s because banking, as a
series of brick and mortar,

[01:17:08.07]
high overhead, high margin
services, is not scalable.

[01:17:14.01]
But banking as an app backed
by a network-based currency

[01:17:19.09]
and system of trust scales enormously

[01:17:23.09]
and it can be extended
into the most remote areas.

[01:17:27.04]

[01:17:29.08]
by Andreas Antonopoulos.

[01:17:31.02]
Again, I can’t get enough of
listening to his perspectives.

[01:17:35.06]
And again, this is six years ago.

[01:17:37.04]
Look at the way he’s
talking about empowering

[01:17:40.00]
billions of people with DeFi,
microloans, micro-financing,

[01:17:44.06]
that could literally change
villages, neighbourhoods,

[01:17:48.06]
third world countries, a way
that you could get access

[01:17:51.08]
to investing in these markets.

[01:17:52.09]
And it’s a great point that he made.

[01:17:54.07]
I mean, in many ways,

[01:17:56.04]
a lot of the markets we have access to,

[01:17:58.08]
stock markets, debt markets, other things,

[01:18:01.05]
in many ways, those are saturated.

[01:18:03.09]
Why wouldn’t you wanna get
access to a billion new people?

[01:18:07.00]
That’s why Columbus came to the New World.

[01:18:09.03]
Think about that.

[01:18:10.03]
This is a similar thing happening.

[01:18:12.05]
Columbus is coming to the New World

[01:18:14.02]
and you’re gonna get personal access

[01:18:16.04]
to billions of new customers

[01:18:17.09]
and provide them with basic services

[01:18:19.06]
that can literally change their lives.

[01:18:21.06]
This is one of the many things
we’re talking about with DeFi

[01:18:24.01]
and I couldn’t be more excited.

[01:18:25.03]
All right, last chance for questions here.

[01:18:27.02]
First of all, tell me, what
would you like to ask me

[01:18:29.01]
about the DeFi space?

[01:18:30.02]
Any question you got,
nothing’s off limits.

[01:18:31.08]
Next, why do you believe that DeFi

[01:18:33.06]
will revolutionise finance

[01:18:34.08]
and give financial freedom
back to the people?

[01:18:36.08]
Just tell me why.

[01:18:37.09]
Third, do you think cryptos go
up or down from here and why?

[01:18:41.05]
Fourth, have you invested
in DeFi platforms?

[01:18:44.01]
And if so, which ones and why?

[01:18:46.02]
And lastly, tell me what
we think of Elon Musk.

[01:18:49.08]
Is he good, is he bad?

[01:18:51.06]
Is he gonna be a positive
part of this ecosystem

[01:18:54.01]
or a negative part?

[01:18:55.01]
That’s what I wanna
hear from you right now.

[01:18:56.04]
Going back to questions for the last time.

[01:18:58.02]
If you haven’t yet asked me a
question, leave one below now.

[01:19:01.02]
Even afterwards, leave me one

[01:19:02.08]
and I’ll get back to you on the comments.

[01:19:04.00]
So we got Choosy101 on Instagram says,

[01:19:06.06]
how do I register for The DeFi Academy?

[01:19:08.02]
Great question.

[01:19:09.01]
Go to londonreal.tv/defi, D-E-F-I,

[01:19:13.00]
submit your application right now.

[01:19:14.06]
I will personally review it
and I’ll give you a yes or no.

[01:19:17.07]
But honestly, sell me on your application.

[01:19:19.06]
Give me a reason why we should
bring you into this team.

[01:19:22.06]
That’s what I need to know.

[01:19:23.08]
Limited spaces, we’re starting
this course very soon.

[01:19:25.09]
Next, GigaChat on YouTube says,

[01:19:28.00]
I think crypto will go up from here

[01:19:30.00]
’cause of growing popularity,
in turn more investors.

[01:19:33.08]
I have not invested in DeFi.

[01:19:35.02]
And yes, what Elon says matters
’cause of his popularity.

[01:19:37.07]
If he says buy those, they will buy.

[01:19:39.06]
Okay, bunch of stuff in there.

[01:19:41.00]
I really think it’s interesting.

[01:19:42.04]
Will crypto go up because
of its popularity?

[01:19:45.00]
That’s a great point, and
it looks to be the trend.

[01:19:47.07]
The question is, can you take the heat?

[01:19:50.04]
The volatility is real

[01:19:52.03]
and sometimes it’s too hot in the kitchen

[01:19:54.03]
and some people need to get out.

[01:19:56.01]
So yes, I think a lot of people believe

[01:19:58.01]
that in the long run, as
it becomes more popular,

[01:20:00.01]
these assets grow in value.

[01:20:01.03]
That’s what the trend shows.

[01:20:03.03]
But the problem is
there’s so much volatility

[01:20:05.03]
that that’s not in
everyone’s risk profile.

[01:20:07.09]
And that’s one other thing
I’ll be talking about

[01:20:09.01]
in module four on the academy,

[01:20:11.00]
is acknowledging your risk profile.

[01:20:13.07]
Most investors that I see in crypto

[01:20:16.02]
wouldn’t know a risk profile
if it hit ’em in the head,

[01:20:18.07]
which means what happens
when a price moves,

[01:20:21.02]
you make an emotional decision.

[01:20:23.04]
A seasoned, disciplined trader

[01:20:25.09]
knows the decision they’re going to make

[01:20:27.09]
before the market moves.

[01:20:30.02]
And this is a small detail.

[01:20:31.04]
We’ll be talking about
more inside the academy

[01:20:33.04]
on how to trade the markets.

[01:20:35.03]
You already know what to do

[01:20:37.01]
when a market moves to a certain place.

[01:20:38.09]
That’s how you have discipline

[01:20:40.04]
and that makes the difference
between a day trader,

[01:20:44.05]
whose fortunes end in tears,

[01:20:46.05]
and a long-term investor who
knows exactly what to do.

[01:20:48.09]
Couple more things.

[01:20:49.09]
What Elon says matter.

[01:20:51.01]
I think what he says matters,

[01:20:52.04]
but I think it’s gonna
slowly matter less and less.

[01:20:56.00]
Because as more people see and
get involved in these markets

[01:20:58.09]
and realise the market is
bigger than one person,

[01:21:01.03]
hence the name decentralised
finance, right?

[01:21:03.09]
If we wanted CeFi, we
would stick with the bank.

[01:21:06.06]
We don’t need one person.

[01:21:08.01]
This market does not need a spokesman

[01:21:10.01]
or one institution or one
platform or one company

[01:21:13.02]
or one crypto.

[01:21:14.06]
The beauty is it’s decentralised.

[01:21:17.02]
That’s what gives it its strength.

[01:21:18.07]
Just like the internet, it
doesn’t need one computer,

[01:21:21.01]
it doesn’t need one server form,

[01:21:22.09]
it doesn’t need one telco company.

[01:21:24.08]
It’s decentralised.

[01:21:25.09]
That’s what gives it its power.

[01:21:27.02]
And so I think we need to
recognise that as well.

[01:21:29.07]
But for the short-term, Elon
will have sway on this market.

[01:21:32.07]
I don’t know if that’s good
or bad, but it is what it is

[01:21:35.05]
and we need to deal with it.

[01:21:37.06]
Real HIFI Help on YouTube says,

[01:21:39.05]
what’s the difference between
DeFi and other crypto coins?

[01:21:41.05]
I’m not an expert.

[01:21:42.04]
It’s a great question and
we’ll be going into that deeply

[01:21:45.01]
inside the academy.

[01:21:46.07]
Quite simply, I’ll go back
to my earlier reference

[01:21:48.06]
if you’re really new to this.

[01:21:50.08]
If Bitcoin is email,

[01:21:52.09]
then DeFi is really the entire internet.

[01:21:57.04]
That’s the way we look about it.

[01:21:58.07]
So again, I look at crypto
just being one small,

[01:22:02.07]
one-dimensional part of
what is an entire ecosystem

[01:22:05.09]
that offers you every
single financial service

[01:22:08.03]
under the sun you could even dream of,

[01:22:10.04]
even financial services

[01:22:11.06]
you don’t know that you’re engaging with.

[01:22:14.02]
You buy insurance all the time

[01:22:15.07]
and you don’t even know you’re buying it,

[01:22:17.03]
but it’s sold to you through various means

[01:22:19.02]
and contracts that
you’re not even aware of.

[01:22:21.03]
I’m talking about taking all
of the financial decisions

[01:22:24.00]
and financial risks that you’re subject to

[01:22:26.04]
and being in control of those.

[01:22:28.02]
That’s what’s most important

[01:22:29.05]
and that’s what DeFi brings to the table.

[01:22:31.05]
Couple more questions here.

[01:22:32.03]
Al Renaldi on YouTube says,
Brian, don’t go CeFi on us.

[01:22:35.06]
We need the system to belong to the users.

[01:22:37.02]
I agree with you, Al Renaldi.

[01:22:39.04]
I don’t wanna go CeFi.

[01:22:40.09]
So we’re gonna be trying
to invest in infrastructure

[01:22:43.06]
that is decentralised by nature.

[01:22:45.06]
And again, let’s make sure we
look out for these players.

[01:22:48.03]
There are DeFi players that are
in fact CeFi players, right?

[01:22:51.05]
So they’re in disguise.

[01:22:53.00]
And we see this when
it comes to your online

[01:22:54.09]
banking accounts, right?

[01:22:56.00]
Oh, this must be decentralised
finance, it’s online.

[01:22:59.03]
No, it’s your centralised
financial institution

[01:23:02.05]
giving you online access.

[01:23:04.04]
There’s still a gatekeeper there.

[01:23:06.00]
We wanna remove those people

[01:23:07.09]
to where you can go and
buy and sell your risk

[01:23:10.02]
from anyone in the world
through, hopefully,

[01:23:14.00]
a piece of technology that we trust.

[01:23:16.03]
But again, the system needs
to be trustless by nature.

[01:23:19.03]
And next week on DeFi, I’ll
be talking about this concept

[01:23:22.01]
of something being trustless.

[01:23:23.09]
It sounds like non-trustworthy,

[01:23:25.07]
but it’s actually a good
thing to be trustless.

[01:23:28.02]
And yes, it’s a great point, Renaldi.

[01:23:30.01]
And no, I’m not going
CeFi on you, don’t worry.

[01:23:32.07]
Kilbyprom on Instagram
says, thank you, Brian, 10X.

[01:23:34.06]
Great, that’s what
we’re trying to do here.

[01:23:36.00]
Take your life and your
finances to the next level.

[01:23:38.03]
We got Csablini on Instagram saying,

[01:23:40.06]
how do we get into DeFi Academy?

[01:23:42.00]
I’ll come down to the office and apply.

[01:23:43.09]
Great point.

[01:23:45.00]
Look, go to londonreal.tv/defi, D-E-F-I,

[01:23:48.07]
submit your application
right on that top line bar,

[01:23:50.07]
watch my entire video,
read the whole piece,

[01:23:53.01]
and give us a compelling application.

[01:23:55.03]
Again, we’re getting hundreds,

[01:23:56.06]
probably thousands of these at this point.

[01:23:58.08]
Give us a good reason why
we should bring you in

[01:24:00.02]
to this small group of people

[01:24:01.06]
and go forward with us in the journey.

[01:24:03.00]
I only need good energy, positive energy,

[01:24:05.03]
service energy, long-term energy.

[01:24:07.06]
I don’t need anything else in there.

[01:24:09.02]
So I don’t need day traders,
I don’t need trolls,

[01:24:12.01]
I don’t need crypto fanboys or girls.

[01:24:14.03]
I need people who really
wanna build infrastructure

[01:24:16.01]
for the long-term and add
value to other people.

[01:24:18.06]
That’s what I’m looking for.

[01:24:19.06]
So jump on in and apply.

[01:24:21.05]
We’ve got Ibraham Ali on YouTube says,

[01:24:23.09]
hi, Brian, will there
be another opportunity

[01:24:25.06]
to sign up for the academy?

[01:24:26.08]
Some of us are students,

[01:24:27.08]
and it’s gonna take a minute
to put together the entry fee.

[01:24:30.01]
At this point, we just
have this plan right now

[01:24:32.03]
for The DeFi Academy,

[01:24:33.03]
so I don’t know what’s
going on in the future.

[01:24:35.00]
Again, I’m looking for
the right group of people

[01:24:36.07]
that we can just grow
with in the long-term

[01:24:38.07]
and do all the investing
and do all the development

[01:24:41.08]
and all that stuff.

[01:24:42.06]
So to be continued.

[01:24:45.02]
So I can’t answer that question.

[01:24:46.05]
We got Courtney M. on YouTube
says, I am just a mom,

[01:24:50.00]
but this speaks so much to me.

[01:24:51.09]
The, quote, unquote,
application scares me.

[01:24:54.00]
I have no financial stock experience,

[01:24:55.05]
but building a new
infrastructure for everyone

[01:24:57.04]
sounds awesome.

[01:24:58.04]
So, Courtney, I appreciate that for you.

[01:25:00.03]
Again, you say you’re just a mom,

[01:25:03.07]
you’re buying into the brainwashing

[01:25:05.02]
that’s been happening by all
the financial institutions

[01:25:07.01]
for the past few hundred years.

[01:25:08.07]
They have taught you that you are stupid,

[01:25:10.07]
which means they can make money from you.

[01:25:13.02]
We are rejecting this narrative.

[01:25:15.02]
We do not believe that we are stupid.

[01:25:16.09]
We think we are much smarter

[01:25:18.06]
than anyone gives us the credit.

[01:25:20.02]
We have sovereignty over our own bodies,

[01:25:24.00]
over our own free speech,

[01:25:25.06]
over the consumption of information,

[01:25:27.01]
over what goes into our bodies,

[01:25:28.05]
and we have sovereignty
over our own finances.

[01:25:31.02]
And as soon as the world
wakes up to this, trust me,

[01:25:34.08]
the centralised financial
institutions and the banks

[01:25:36.09]
and the governments are gonna get worried.

[01:25:38.08]
You, as a mother, are
probably more connected

[01:25:41.06]
to your finances than other people.

[01:25:43.05]
You know what it takes to run a household.

[01:25:45.04]
You know what it takes to buy groceries.

[01:25:47.02]
You know what it takes to
balance your budget every month.

[01:25:49.05]
You know what it takes to invest
in what your children need,

[01:25:53.00]
in schools, in their education
to save for their colleges.

[01:25:56.02]
You’re probably more
connected to your finances

[01:25:58.07]
than your partner perhaps.

[01:26:00.07]
But you need to be told you are
and empowered in such a way.

[01:26:04.03]
When it comes to decentralised finance,

[01:26:05.07]
I wanna give you the option
to really control your money,

[01:26:08.07]
to control the risk you’re taking,

[01:26:10.03]
to control the insurance that
you’re buying or selling,

[01:26:13.01]
to control your financial future.

[01:26:14.08]
So, yes, you’re ready.

[01:26:16.00]
And again, I don’t mind
newbies coming into my academy

[01:26:19.01]
as long as you have the right outlook,

[01:26:21.08]
the right energy and the right enthusiasm.

[01:26:23.05]
So, Courtney, submit your application,

[01:26:25.04]
I’ll go look for it right now, afterwards.

[01:26:27.04]
And if I think you have what it takes,

[01:26:28.08]
I’ll accept you into the academy

[01:26:30.03]
and I’ll hit the gong for
you if you wanna join us.

[01:26:32.03]
Couple more.

[01:26:33.01]
I got 141dell on Instagram says,

[01:26:35.03]
what impact do you feel DeFi will have

[01:26:37.00]
on the current UK banking system

[01:26:38.08]
with some FinTech organisations

[01:26:40.03]
such as Starling and
Monzo stopping customers

[01:26:42.04]
from making deposits?

[01:26:43.07]
It’s a great point.

[01:26:44.08]
I posted a picture of this recently,

[01:26:47.05]
I think it was last Saturday,

[01:26:48.09]
of a headline in The Telegraph saying

[01:26:51.00]
that certain financial
institutions are banning you

[01:26:54.09]
from sending your money to
cryptocurrency exchanges.

[01:26:57.06]
Imagine, imagine the audacity of that.

[01:27:01.06]
Your money, your hard-earned money

[01:27:04.08]
that’s being held in custody

[01:27:06.04]
and trust by a financial institution.

[01:27:08.07]
Now they’re telling you

[01:27:09.06]
what you can and can’t do with your money.

[01:27:12.03]
If you have an account
in Starling or Monzo,

[01:27:14.02]
you should close that account right now.

[01:27:16.01]
That is disrespectful.

[01:27:18.05]
I can’t imagine of any other
interaction you would have

[01:27:20.07]
with an institution where
that would be acceptable.

[01:27:22.05]
That’s your money.

[01:27:24.06]
And so what we see in a lot
of these FinTech startups

[01:27:28.03]
that seem to be power to the people,

[01:27:31.04]
and I see this in a lot of
different FinTech startups,

[01:27:34.05]
we see what they’re trying to do

[01:27:36.09]
is actually centralised
finance in disguise.

[01:27:39.05]
And I see this with Starling,
I see this with Monzo,

[01:27:41.06]
I see this even with
startups like TransferWise.

[01:27:43.09]
They’re centralised finance in disguise.

[01:27:46.06]
And some of those very institutions

[01:27:48.08]
are actually being more obtrusive,

[01:27:51.09]
they’re being more
limiting on your freedoms

[01:27:54.00]
than sometimes even the traditional banks,

[01:27:56.05]
because they’re no longer innovators

[01:27:59.02]
and now they’ve become,

[01:28:00.08]
because now they’ve got market share,

[01:28:02.08]
and now they’re trying to
take away your very freedoms

[01:28:04.09]
and you’re very right.

[01:28:05.07]
So be very suspicious

[01:28:07.05]
of any of these centralised
financial institutions

[01:28:10.04]
trying to purport or
wearing the mask of a DeFi

[01:28:13.04]
because it’s not true.

[01:28:14.02]
And I think we should be alarmed

[01:28:16.03]
when any financial
institution or government

[01:28:18.08]
tries to tell you what you can

[01:28:20.00]
and cannot do with your own money.

[01:28:21.05]
For me, that sets off alarm bells,

[01:28:23.05]
just like when people tried to tell me

[01:28:25.03]
that I don’t have the
right to free speech,

[01:28:27.02]
whether it’s a government
or an institution

[01:28:30.00]
or a technology company,

[01:28:32.06]
or whether someone says I don’t
have the right to campaign

[01:28:35.02]
or free and fair elections in a democracy,

[01:28:37.07]
that really rubs me the wrong way.

[01:28:39.02]
When someone says I don’t have the right

[01:28:40.08]
to spend my money the way I want to,

[01:28:42.06]
that’s a big alarm bell and
we should all protest that

[01:28:45.06]
and get our money out
of these institutions

[01:28:47.02]
as soon as possible.

[01:28:48.00]
So that’s what I’m calling for right now.

[01:28:50.02]
If your bank doesn’t support
your investments in crypto

[01:28:54.02]
and DeFi, get away from that right now.

[01:28:56.02]
And that goes for any
other FinTech startup

[01:28:58.09]
or centralised finance piece.

[01:29:00.07]
I’m saying it right now and
I’m calling out the Starlings,

[01:29:03.01]
the Monzos and the
TransferWise’s right now,

[01:29:05.02]
get on board and start
giving the power and freedoms

[01:29:07.08]
back to your customers

[01:29:09.02]
or you can go down and be
anachronisms in the past.

[01:29:14.01]
You can be like the coach
and the horse and buggy

[01:29:17.01]
and we won’t be using you
any more time in the future

[01:29:19.01]
’cause we’ve moved on.

[01:29:20.01]
Couple more comments.

[01:29:21.01]
We got Coverserialmemes on Instagram says,

[01:29:23.04]
hi, Brian, you inspire me.

[01:29:24.03]
Thank you so much.

[01:29:25.01]
We’re enjoying this here
as usual, we’re having fun.

[01:29:27.00]
I got Louis McCain on YouTube says,

[01:29:28.06]
I’m glad you’re pushing this, Brian.

[01:29:30.00]
It will help a lot of people.

[01:29:31.01]
And again, I couldn’t be more happy,

[01:29:33.03]
I couldn’t be more excited that
we’re doing this right now.

[01:29:35.07]
And I wanna give a shout
out to my man, Renzo Gracie,

[01:29:39.07]
legendary black belt
Jiu-Jitsu practitioner

[01:29:43.01]
who is watching this right now on YouTube.

[01:29:44.09]
He just retweeted the link.

[01:29:47.02]
And it’s great to see Renzo.

[01:29:48.01]
Renzo’s been on the show,

[01:29:49.08]
along with so many other amazing Gracies,

[01:29:52.00]
we’ve had Roger Gracie back in the day.

[01:29:54.04]
We’ve had Royler Gracie

[01:29:56.05]
and we’ve had a bunch of
the Gracie brothers here.

[01:29:58.09]
And we appreciate you, Renzo.

[01:30:00.05]
And my kids are training
with Roger in London as well,

[01:30:02.08]
so big shout out to
Jiu-Jitsu and all the people.

[01:30:04.08]
And the truth is this,

[01:30:06.06]
many people are now opening
their idea, their eyes,

[01:30:10.00]
to the incredible possibilities in DeFi

[01:30:12.04]
and the freedoms that it give us.

[01:30:13.07]
Most people know that
our technology platforms

[01:30:18.02]
are controlling us and lying to us,

[01:30:20.02]
our media platforms are
controlling us and lying to us,

[01:30:23.01]
our governments are
controlling us and lying to us,

[01:30:25.06]
and our banking institutions

[01:30:27.01]
are controlling us and
they’re lying to us.

[01:30:29.04]
It’s time to give the
power back to the people.

[01:30:31.09]
It’s time to take control
of your own finances.

[01:30:36.01]
It’s time to get your
financial freedom back.

[01:30:38.06]
And that’s what we’re gonna
do inside The DeFi Academy

[01:30:41.02]
and I couldn’t be more excited.

[01:30:42.06]
Over the upcoming months and years,

[01:30:44.05]
I’m gonna be having in-depth conversations

[01:30:46.06]
with some of the greatest minds in DeFi

[01:30:48.06]
right here in the studio
and we are goin to be a part

[01:30:51.09]
of constructing the future of finance

[01:30:53.09]
to give people more freedom.

[01:30:56.01]
And that’s why we created The DeFi Academy

[01:30:58.04]
because we wanna learn and teach

[01:31:02.00]
from the best in the business.

[01:31:03.02]
And if you join me, I’m
gonna teach you how to profit

[01:31:06.00]
from what I’m calling the
greatest dislocation of wealth

[01:31:08.04]
in human history.

[01:31:09.02]
I’m looking for a small
select group of people

[01:31:11.07]
who wanna become part
of and actively partake

[01:31:14.00]
in what I’m calling the DeFi revolution.

[01:31:15.07]
I’m looking for only serious
individuals with real net worth

[01:31:20.00]
who wanna help build this
exciting financial infrastructure

[01:31:23.02]
of the future.

[01:31:24.01]
I’m looking for partners,
investors, collaborators,

[01:31:26.04]
colleagues who wanna join forces with us

[01:31:29.01]
and create real value
and generational wealth.

[01:31:31.08]
If you’re one of those
people, go apply right now

[01:31:34.03]
at londonreal.tv/defi, that’s D-E-F-I.

[01:31:38.05]
And I wanna be clear, this is
not for everyone else, okay?

[01:31:42.00]
The DeFi Academy is not
for crypto day traders.

[01:31:45.06]
The DeFi Academy is not for people

[01:31:47.06]
looking to get rich quick.

[01:31:49.04]
The DeFi Academy is not for
meme coins and forum trolls.

[01:31:52.09]
The DeFi Academy is not
for blockchain fanboys

[01:31:55.07]
and crypto academics.

[01:31:58.01]
I’m not looking for these people at all.

[01:32:01.02]
What I’m looking for are
a small group of people

[01:32:04.04]
who wanna invest in themselves long-term

[01:32:07.00]
and invest in this incredible
technology and movement.

[01:32:09.07]
I’m looking for people that
are ready to pull the trigger,

[01:32:12.06]
who are willing to get into the arena,

[01:32:14.09]
whose faces are gonna be marred
by dust and sweat and blood.

[01:32:18.09]
But in the end, these
people are gonna know

[01:32:21.01]
great enthusiasms, great
devotions, and great successes.

[01:32:26.02]
To be clear, this is not
a get rich quick scheme

[01:32:29.01]
and I am not promising overnight gains.

[01:32:31.02]
Instead, my team and I
are gonna be building

[01:32:33.06]
and investing in crucial parts

[01:32:35.06]
of the DeFi financial
infrastructure for the future.

[01:32:38.06]
Sure, there’s gonna be some incredible

[01:32:40.04]
investment opportunities, but
there also will be great risk.

[01:32:43.03]
Those go hand in hand.

[01:32:44.06]
And anybody telling you
differently is lying.

[01:32:47.03]
Only those taking a long-term
perspective need apply.

[01:32:51.00]
So again, I plan on dedicating
the next 10 years of my life

[01:32:54.06]
to DeFi and all of the
financial infrastructure.

[01:32:57.02]
And if you wanna join my
elite team, now is your time.

[01:33:00.09]
Our first live course
is The DeFi Accelerator.

[01:33:03.07]
It’s the keys to unlock a
$9 trillion marketplace.

[01:33:06.09]
It consists of four
weeks and four modules.

[01:33:09.01]
It’s by invitation only,
based on your application.

[01:33:12.08]
Again, go to londonreal.tv/defi

[01:33:16.03]
if you wanna be a part of this.

[01:33:18.02]
And again, be a part of the
greatest dislocation of wealth

[01:33:20.08]
in human history.

[01:33:22.03]
And just to be clear to you,

[01:33:23.08]
I’m doing this for three reasons.

[01:33:25.08]
Firstly, the insights and perspectives

[01:33:28.04]
I’m gonna be giving you are
going to be extremely valuable.

[01:33:31.01]
You can’t find these
anywhere else in the world

[01:33:33.07]
because I bring my
experience through finance,

[01:33:36.00]
through broadcasting and through
all things cryptocurrency.

[01:33:40.01]
Second, I want this group to be small

[01:33:42.02]
so I can give as much of my personal time

[01:33:44.01]
to every single individual.

[01:33:45.02]
And third, I only want those
with a long-term perspective

[01:33:48.06]
and real financial resources.

[01:33:50.05]
And again, just to be clear,

[01:33:53.02]
the syllabus of The DeFi Accelerator

[01:33:55.08]
is gonna be broken down into
four modules over four weeks.

[01:33:58.09]
And let me tell you what they are.

[01:34:00.08]
Week one is DeFi explained.

[01:34:03.06]
It’s decoding the history
of this complex marketplace.

[01:34:06.07]
This is so important.

[01:34:08.00]
From Bitcoin creation back in 2009

[01:34:10.00]
all the way to Ethereum
2.0 being released in 2021.

[01:34:13.04]
How did we get here?

[01:34:14.07]
And why does this phenomenon represent

[01:34:16.06]
the biggest dislocation of
wealth in human history?

[01:34:19.01]
Only by understanding our history

[01:34:21.08]
are we in a position
to predict the future.

[01:34:24.00]
So we’re gonna start learning
the evolution of DeFi

[01:34:26.02]
and we’re going all the way
back to Bitcoin creation in ’09,

[01:34:29.09]
Ethereum creation in ’15, the launcher of,

[01:34:32.06]
the launch of Maker and
smart contract evolution.

[01:34:35.05]
We’re gonna be talking about
EtherDelta, the first DEX.

[01:34:38.03]
We’re gonna be talking about
the ICO boom and bust of 2017.

[01:34:41.06]
We all remember that.

[01:34:42.09]
A lot of people made
and lost a lot of money.

[01:34:45.03]
We’re gonna talk about the creation

[01:34:46.06]
of the user to contract model,

[01:34:48.03]
a big innovation when it comes to DeFi.

[01:34:50.05]
We’re gonna talk about Uniswap

[01:34:51.03]
and the creation of liquidity pools.

[01:34:53.05]
We’re gonna talk about Synthetix

[01:34:55.01]
and a lot of these exotic options.

[01:34:57.02]
We’re gonna talk about Black Thursday,

[01:34:58.06]
that’s March 12, 2020, and
that we learned from the days

[01:35:02.03]
and the events of what happened there.

[01:35:04.01]
We’re gonna talk about
compound liquidity mining.

[01:35:06.04]
We’re gonna talk about the DeFi summer.

[01:35:08.03]
We’re gonna talk about Yearn

[01:35:09.06]
and the emergence of yield farming.

[01:35:11.03]
And we’re gonna talk about the future.

[01:35:12.07]
That’s Ethereum 2.0 and more.

[01:35:14.09]
And again, I’m gonna breakdown
my understanding of DeFi

[01:35:18.00]
and my 30 years of experience
in the financial markets,

[01:35:20.06]
and that’s 15 years actually
working in centralised finance.

[01:35:24.04]
That puts us in a great
position for week two.

[01:35:27.02]
And this is getting into the
arena and placing your bets.

[01:35:31.04]
Again, action, action, action

[01:35:34.02]
is what we promote here
inside The DeFi Academy.

[01:35:36.05]
And I’m gonna show you how to
efficiently buy your Bitcoin,

[01:35:39.05]
your Ethereum, your dai, your
stablecoins and your altcoins.

[01:35:42.07]
I’m gonna show you how to
bulletproof and understand

[01:35:44.09]
your hot and cold storage
systems and wallets.

[01:35:47.00]
I’m gonna show you how to
understand centralised exchanges

[01:35:50.04]
and decentralised exchanges and
which marketplace suits you.

[01:35:53.06]
I wanna have you execute your first swap

[01:35:56.01]
across multiple platforms.

[01:35:58.00]
Again, the only way to
understand this technology

[01:36:01.09]
is to get your hands dirty
and pull the trigger.

[01:36:04.03]
And we’re gonna be doing
that on a limited means basis

[01:36:08.01]
in order for you to get familiar

[01:36:09.07]
with what’s going on out there.

[01:36:10.08]
Now, this gets us ready for
the second half of the course,

[01:36:13.09]
which starts in week three.

[01:36:15.02]
And this is going deeper into
DEXs ,dApps, yield farming,

[01:36:18.05]
and complex instruments.

[01:36:19.07]
And here, we’re gonna show
you how to finance your coins.

[01:36:22.02]
This is yield farming basics.

[01:36:24.00]
Next, it’s gonna be complex
money markets explained.

[01:36:28.04]
Then we’re gonna start to
understand liquidity pools,

[01:36:31.00]
smart contracts and insurance.

[01:36:32.08]
And then we’re gonna get into
the fun stuff, derivatives,

[01:36:35.07]
the exciting future of DeFi.

[01:36:37.05]
I’m gonna talk about synthetic stocks,

[01:36:39.06]
synthetic commodities,

[01:36:40.08]
and how to price and
trade options in DeFi.

[01:36:44.05]
I was talking about this earlier

[01:36:46.00]
with the call and put options,

[01:36:47.03]
the volume, the volatility on Bitcoin.

[01:36:49.05]
So much information is
involved in these contracts

[01:36:53.01]
and you can actually pull out information

[01:36:54.09]
from the prices of these options

[01:36:56.06]
and then apply them to the stock markets,

[01:36:59.00]
in the futures markets.

[01:36:59.08]
It’s very exciting and we’ll
be talking about it week three.

[01:37:03.00]
Finally, I’m gonna wrap it up in week four

[01:37:05.05]
and I’m gonna show you how
to bet on the future of DeFi

[01:37:08.02]
to position your portfolio
for the 22nd century.

[01:37:10.08]
And this is all about the fundamentals

[01:37:13.07]
that no one’s teaching.

[01:37:15.01]
This is how to manage risk.

[01:37:16.05]
This is a game of
controlling your emotions.

[01:37:18.03]
This is how to place asymmetrical trades

[01:37:20.05]
for long-term gains.

[01:37:22.00]
This is how to manage
a portfolio of assets.

[01:37:24.02]
This is how to set up and
understand stop/loss orders.

[01:37:27.04]
This is how to continually
educate yourself

[01:37:29.06]
on new market phenomenon
because the best is yet to come.

[01:37:33.03]
And I made allusions to this earlier.

[01:37:35.05]
This is an emotional game.

[01:37:37.05]
You have to have discipline
to get through this.

[01:37:40.01]
If you cannot control your mind,

[01:37:41.09]
you will be able to control
nothing about your life.

[01:37:44.01]
And that happens exponentially

[01:37:46.05]
when it comes to the financial markets.

[01:37:47.04]
There’s a great quote in “Wall Street”

[01:37:50.06]
where Gordon Gekko tells Bud Fox,

[01:37:52.09]
never get emotional about stock.

[01:37:55.08]
Now, strangely enough, Bud
Fox uses the same quote

[01:37:59.04]
back to Gordon Gekko towards
the end of the movie.

[01:38:02.01]
When Blue Star Airlines
is going into the toilet,

[01:38:04.01]
and he says, “Gordon, you once told me,

[01:38:06.01]
never get emotional about stock, don’t.”

[01:38:08.07]
And Gordon does get emotional about stock.

[01:38:10.09]
So it shows you even the
most seasoned professionals

[01:38:14.00]
sometime need help

[01:38:16.05]
in having someone check their discipline.

[01:38:18.01]
And we’ll be talking about

[01:38:19.00]
the discipline of trading markets.

[01:38:21.02]
It is a long-term skill
that you need to have

[01:38:24.01]
if you’re gonna be involved here

[01:38:25.03]
and it’s gonna help you in
all aspects of your life.

[01:38:28.03]
Lastly, if you graduate
from The DeFi Accelerator,

[01:38:33.07]
then you will be qualified to join me

[01:38:35.04]
in a very special group called
The DeFi Investment Wizards.

[01:38:38.04]
And again, this is only
for graduating members,

[01:38:40.09]
so you have to be accepted
to and graduate from

[01:38:44.00]
The DeFi Accelerator to join me.

[01:38:46.07]
And again, this is a group
that pools our resources

[01:38:48.09]
and information from the
top players in the business.

[01:38:52.00]
These are the movers, the shakers,

[01:38:53.06]
these are the people that
know what’s gonna happen next.

[01:38:55.09]
This is where the real
opportunities are gonna be found

[01:38:58.01]
and where our big
infrastructure investments

[01:39:00.05]
are gonna be featured
for the next 10 years.

[01:39:02.08]
So again, you cannot get access
to the investment wizards

[01:39:06.00]
unless you graduate from the accelerator

[01:39:08.02]
and that’s where, honestly,

[01:39:09.08]
the long-term exciting
plays are gonna happen.

[01:39:12.06]
So just to conclude.

[01:39:14.01]
For the accelerator,

[01:39:15.01]
you get eight hours of live calls with me.

[01:39:17.03]
That’s incredible.

[01:39:18.03]
You get personal coaching
with all of my experience

[01:39:21.02]
over those live calls.

[01:39:22.05]
You get exclusive access to
our online elearning platform

[01:39:25.07]
with all the videos, all the workbooks,

[01:39:28.01]
all the background information,

[01:39:29.05]
all the never before seen content

[01:39:32.02]
that’s just not available publicly

[01:39:33.05]
that I’m gonna be giving you access to.

[01:39:35.04]
Next, you’re gonna get

[01:39:36.04]
my triple-tiered accountability system

[01:39:38.06]
that I have used to
graduate over 5,000 people

[01:39:40.05]
over the last six and a half years.

[01:39:42.05]
This is high touch point.

[01:39:44.02]
This makes sure that you do the work

[01:39:45.08]
and you have to show me you do the work.

[01:39:47.04]
By the way, I’ve already put together

[01:39:48.07]
a whole system of team
leaders, community managers.

[01:39:51.04]
Again, graduates of my academy

[01:39:53.02]
will know we are high touch point,

[01:39:54.06]
we are high action, we are
high accountability, all right?

[01:39:56.08]
There’s no place to hide in this academy.

[01:39:59.04]
You come there, you do the
work, you get the experience.

[01:40:02.00]
It’s an incredible, incredible way

[01:40:03.07]
of learning and interacting.

[01:40:05.06]
You get dedicated coaches, team leaders,

[01:40:07.04]
and community managers.

[01:40:08.03]
As I said, they work with
you every single day.

[01:40:10.02]
We have a private Facebook
group for posting assignments,

[01:40:13.03]
getting feedback and
exchanging information.

[01:40:15.01]
That’s already kicking off
with the people in there

[01:40:17.00]
with their introduction
videos, it’s amazing.

[01:40:19.00]
The network there is worth
the price of the course alone.

[01:40:22.04]
And again, limited number
of spaces available.

[01:40:24.07]
At this rate, we’re probably gonna close

[01:40:26.00]
this thing down very shortly.

[01:40:28.03]
It’s an application only basis.

[01:40:30.09]
If you wanna go there,
go to londonreal.tv/defi.

[01:40:34.07]
This is an investment
opportunity for your future.

[01:40:37.07]
This is easily worth $10,000,
probably worth $25,000.

[01:40:42.00]
We are discounting this
for the early adopters

[01:40:45.01]
and the founding people right now

[01:40:47.01]
for a very, very, too low price
in my opinion of a $2,497.

[01:40:52.06]
So again, that’s what we’re doing.

[01:40:55.08]
And there’s no payment plans or anything.

[01:40:57.07]
I want people that are in and
dedicated and recognise this

[01:41:00.06]
that this is easily worth
10 times that price.

[01:41:03.01]
So again, only serious
long-term players need apply.

[01:41:06.09]
And again, sell me on that application.

[01:41:09.08]
If you go to londonreal.tv/defi,

[01:41:12.00]
you’ll see this form up here.

[01:41:13.02]
All I need is your first
name, your last name,

[01:41:15.00]
your email, your phone number,

[01:41:17.01]
and then 50 characters
plus of your application.

[01:41:20.00]
Again, sell me, tell me
why I should choose you.

[01:41:22.09]
Again, you might bring
different things to the table.

[01:41:25.01]
You might bring infrastructure,
experience, education,

[01:41:28.08]
enthusiasm, whatever it is,

[01:41:30.06]
but sell me on why you should
be a part of my academy.

[01:41:34.07]
And I’ll bring you in
and I’ll hit the gong

[01:41:37.07]
and announce to the world
that you are gonna be a part

[01:41:40.01]
of this incredible, incredible movement.

[01:41:41.07]
So again, thank you so much
for tuning in to this platform.

[01:41:45.02]
I hope you’ve gotten
something out of this.

[01:41:46.04]
Please share this video
with lots of people.

[01:41:49.01]
Please leave me comments below.

[01:41:50.07]
I’ll answer them after the fact.

[01:41:52.05]
And now, I got one question to ask you.

[01:41:57.05]
What are you gonna do?

[01:41:59.06]
There’s a favourite scene I have

[01:42:01.01]
from the movie “Wall Street,”

[01:42:02.06]
where Bud Fox is about to walk
into Gordon Gekko’s office.

[01:42:05.06]
And he’s been waiting in the
waiting room for a few hours

[01:42:08.09]
and he adjusts his tie in the mirror,

[01:42:11.00]
and Gekko’s secretary, Natalie
is about to show him in.

[01:42:14.06]
He had to bring a box of Cuban cigars

[01:42:16.04]
just to get the meeting.

[01:42:17.09]
He had called Gekko a
hundred days in a row

[01:42:19.08]
just to make this happen.

[01:42:21.03]
And now he finally has this
chance to walk into the office.

[01:42:27.05]
And he looks in the mirror,
and you can take the slide off.

[01:42:30.08]
And he looks in the mirror
and he looks at himself

[01:42:33.04]
and he says, life all comes
down to a few moments.

[01:42:36.05]
This is one of them.

[01:42:38.08]
And it meant this.

[01:42:40.01]
Whatever he said to Gekko
in the next five minutes

[01:42:42.03]
were gonna change the course of his life.

[01:42:44.06]
And it’s true.

[01:42:45.07]
He had to go in there and
make the right decision.

[01:42:48.02]
And I would say, you’re in a
similar situation right now.

[01:42:50.09]
Maybe you didn’t send me
a box of Cohiba cigars,

[01:42:53.00]
maybe you didn’t call me
a hundred days in a row,

[01:42:55.00]
maybe it didn’t come here
and speak with Natalie,

[01:42:56.07]
my secretary, but now you’ve got a chance.

[01:43:00.02]
Life all comes down to a few moments.

[01:43:02.03]
You have a chance now to join me

[01:43:03.08]
on this incredible adventure
for the next 10 years.

[01:43:05.08]
It will change your life,

[01:43:07.07]
the lives of your children
and grandchildren,

[01:43:10.00]
maybe the life of billions
of people on this planet.

[01:43:13.03]
What are you gonna do?

[01:43:14.05]
What’s the choice that
you’re going to make?

[01:43:18.08]
You might not get another
opportunity like this.

[01:43:21.05]
There’s only a few of these in your life.

[01:43:23.00]
I believe this is one of those right now.

[01:43:25.01]
I’ve made my choice.

[01:43:26.05]
I’m all in on DeFi.

[01:43:27.08]
What are you gonna do?

[01:43:28.09]
Because you’re not gonna
get this choice again.

[01:43:32.03]
So this is your moment.

[01:43:33.08]
Will you seize this opportunity

[01:43:35.06]
and create the financial
infrastructure of the future?

[01:43:38.00]
Will you build the generational
wealth for yourself

[01:43:40.05]
and your family that
you’ve been struggling with

[01:43:42.06]
or will you let this
moment pass and let it go?

[01:43:46.04]
That’s my question.

[01:43:47.05]
And so again, I encourage
you right now to apply,

[01:43:50.09]
go to londonreal.tv/defi.

[01:43:53.03]
It’ll take you two minutes.

[01:43:55.01]
Give me a good application.

[01:43:56.06]
Really put something in
there that’s gonna wow me,

[01:43:58.08]
knock my socks off,
which are orange today,

[01:44:01.02]
and really show us that
you wanna be a part

[01:44:03.00]
of this movement.

[01:44:04.03]
And if you get accepted,

[01:44:05.03]
if you get that incredible email

[01:44:06.07]
that I showed you a screenshot

[01:44:08.03]
that only a handful of people have got,

[01:44:09.08]
if you get one of those,

[01:44:11.03]
pull the trigger as fast
as you can, join us,

[01:44:14.00]
put in that introduction video

[01:44:15.03]
and I will see you on the first live call.

[01:44:17.01]
We’re gonna go on an
incredible adventure together.

[01:44:19.03]
It’s going to be absolutely awesome

[01:44:21.01]
and I can’t wait to get started.

[01:44:22.04]
So thank you all for being
here, I appreciate this.

[01:44:24.03]
If this has resonated with
you, please share this video.

[01:44:27.01]
Please tell your friends about this,

[01:44:28.08]
leave me a comment, like the video,

[01:44:30.05]
come to my social platforms, follow them,

[01:44:32.06]
obviously come to The DeFi Academy

[01:44:35.00]
and submit your application,

[01:44:36.02]
and go out there and
start educating yourself

[01:44:38.05]
about the financial future.

[01:44:39.07]
This is what we need
to do to move forward.

[01:44:41.07]
This is so important.

[01:44:43.04]
Fight for your financial freedom.

[01:44:45.06]
You’ve been lied to your whole life,

[01:44:47.09]
the banks, the governments,
the institutions.

[01:44:50.05]
They’ve convinced you
that you’re too ignorant,

[01:44:53.05]
you’re too stupid, you’re not smart enough

[01:44:56.03]
to control your own money.

[01:44:58.05]
That’s ridiculous.

[01:44:59.07]
Let’s tell them that that time is over.

[01:45:01.09]
Let’s fight back for
your financial freedom,

[01:45:03.07]
just like we fought for your free speech,

[01:45:06.07]
your right to vote, your
sovereignty over your own body

[01:45:09.05]
these are things that we’ve stand for

[01:45:11.03]
and we’ve been standing
for for the past 10 years

[01:45:13.09]
and we’re gonna keep fighting.

[01:45:14.09]
So thank you so much.

[01:45:16.00]
Let’s move forward, let’s work together.

[01:45:18.00]
It’s all about decentralised finance.

[01:45:20.00]
Let’s make this happen.

[01:45:22.00]
And I look forward to seeing
you on that first live call.

[01:45:24.04]
Thank you so much.

[01:45:25.04]
We’ll see you next week
on DeFi Real, take care.

[01:45:28.00]