On episode 21, William and Iman discuss the recovery Bitcoin has made in the last week indicating another bull run is apparent. It appears to be on its way to $14k again with not a lot of resistance. The Federal Reserve has cut 25 basis points (0.25%) from interest rates therefore encouraging spending; ultimately increasing the supply of the U.S. dollar. When the supply of the dollar increases the prices of everything goes up which impacts the price of Bitcoin directly. This could contribute to the price of Bitcoin exceeding $100K at its peak in this halvening cycle. What do you do with all the crypto gains you earned in this cycle? We discovered Compound where you can stake your DAI stable coin and earn up to 17% continuously compounding interest.

If you believe in the cyclical nature of Bitcoin, then you would agree that by 2021 we’re going to see extreme all-time-highs followed by a year of a bear market. Early on William and Iman discuss what the new low will be in the near term and after the bubble bursts once again. In preparation for this next run, a discussion of a reasonable exit strategy will be critical to take advantage of this cycle. Justin Sun, founder of the Tron platform, had a scheduled lunch with Warren Buffet but a sudden illness delayed the meeting. However Justin was found at a Tron meet up event, what is going on? Next we discuss nefarious activities on decentralized and censorship resistant apps and how best to manage them. Finally, whats the difference between Twitch versus DLive.

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Facebook was asked to visit congressman at the House of Representatives to discuss their initiative on Libra and their for-profit application called Calibra. William and Iman break down some of the questions David Marcus from Calibra received from Senator at the hearing. The Libra association is a group of up to 100 companies designated as nodes on the network to verify Libra transactions. We discuss how an association like Libra can disrupt fiat currency. This leads our discussion into fractional reserver banking and how Libra could accelerate the collapse of the US dollar. Finally, we get into the implications and future iterations of Elon’s new company, Neuralink.

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Sometimes, understanding new concepts such as blockchain and mining can be difficult for anyone, regardless of their technical background. We go through that experience in understanding some of the critical components in the crypto-sphere. Tools to help you research the different currencies become your best friend and the number of tools varies. Now that the United States government is actively understanding cryptocurrency, we react to the Treasury Secretary’s assessment of Facebook’s Libra. Listen to the very end to get our reaction to the President’s tweet of Libra and Bitcoin.

As Bitcoin displays its volatility over the last few weeks, Iman believes we’re at the top of a bubble. He predicts prices to go as low as $8k which would be salivating for many investors. Oscar, who is the owner of Member.Life, joins us to discuss updated plans for our Decentraland plot. Our goal is to figure out a way to get a passive income from the land that we own through interactions we develop for Decentraland. Finally, catch the end of the podcast to listen to our thoughts on Super Powers, which are life skills that can make you a passive income.

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