In this video we are talking about bitcoin updates and its use as a store of value.
What is going on guys! In this video we are going to talk a little bit about my friend name bitcoin but first before the sun completely goes down let’s just admire the pink sky all right cool. We are good to go first of all let me show you guys what is going on so the biggest thing happening on planet earth is the investors conference all right.
This is June 19th in Miami Florida and we are going to be talking about nothing other than cryptocurrency real estate taxes and asset protection so if you don’t understand what those are you need to be there if you don’t understand what to do with those in 2021 if you’re worried about inflation you’re worried about the crypto bull market, you’re worried about the real estate bubble, you are worried about building a business and massive wealth and then losing it all one day.
You need to be there because we’re gonna be talking about all those things and much more on that 40 million yacht right there with about 200 other entrepreneurs that are all making six seven eight even nine figures in their businesses so it’s gonna be epic all right we’re also gonna have a cigar roller, we’re gonna have a I believe a juice stand we’re paying a stupid amount of money for a drone show, gonna have some models and going to have some awesome information as well so would love for you guys to be there.
I’m going to talk about a few things Paul great question Frankie that’s awesome man you’re in the same building that’s cool you got I hope you got a nice view like this as well because every almost every night since I’ve lived here it has been ridiculous views with the afterglow on this side it’s been awesome feel free to drop some questions in below Paul.
I am going to get into that absolutely so first of all some major news about bitcoin honestly the news could not be better about bitcoin we have David Rubinstein getting into cryptocurrency and he believes it is truly here to stay as a store of value former US treasury secretary Larry Summers said that it is also digital gold right and actually if you really listen to you know what like the the treasury and what these central banks are are worried about is they’re not worried about bitcoin right because we’re going to talk about this a lot in the video.
About how bitcoin is actually not a currency the name is very deceiving it is actually property right so the central banks and the federal reserve are not actually trying to compete against bitcoin they were coming out with their own digital dollar now I don’t know what that means for the original dollar right but they are not worried about bitcoin because they don’t see it as a currency and the reason why is because at least in the united states okay.
It is considered property so every single time that you exchange bitcoin for anything right if you go buy use bitcoin to buy this water bottle that is a taxable event so not only are you going to pay like you know any type of sales tax but now you’re paying capital gains tax every time you’re you’re utilizing bitcoin as a currency so and it really doesn’t make sense on how it is built to be used as a currency it could be used as some type of stability in the future but a lot of people get that confused when they’re first getting into cryptocurrency like hey isn’t bitcoin supposed to be used to go to the grocery store like why can’t I use it in Starbucks.
I’m not going to buy it until it’s actually used in in mainstream like retail stores you need to like really switch your head from that to thinking it at as a digital store of wealth a digital asset now some bigger news are these two okay so we’ve got carl Icahn not sure if you guys know him but he is massively wealthy he’s talking about putting 1.5 billion into crypto and then I never really thought this would happen but I said this about Mark Cuban.
I said this about Jim Cramer I said this about Kevin O’leary Ray Dalio has officially bought bitcoin ladies and gentlemen Ray Dalio one of the biggest hedge fund managers of all time officially and after hating on it for forever well just like everyone else that I just mentioned has officially bought bitcoin that is a really really big deal right and I what I’m really under I’ve I think I mentioned this in the previous live video that people like these guys that are so well respected in the investment space especially like Warren Buffett right.
They are they know what they know right and and they make judgments on bitcoin and crypto without actually doing a lot of research into it and they don’t start to do like research and spending time doing due diligence until it becomes so big and they get asked a zillion questions on the news and then they decide to do some some due diligence to really understand what it is at its core and then they end up turning around right.
Like almost all of them so that’s really really cool like try to avoid the the noise that we continually hear every bull market about china banning this and stopping that and and blah blah that’s literally what bitcoin is about is like giving the power back to the people right decentralizing finance and allowing people to freely exchange and hold their wealth in something that’s not absolutely getting crushed every single year like the us dollar.
So that’s next what I want to talk about is bitcoin really here’s the best thing to understand is like this is just a a digital way to preserve wealth okay so if you are thinking about bitcoin and you’re thinking about okay what would I use this for here’s what you would use it for right ins while the us dollar is getting infinitely printed right.
So we increased money supply in 2020 by over 33 percent that’s m1 and then m2 by 23 and you can see just how ridiculous this graph is after you know what which I can’t mention the name but after you know what happened we infinitely printed the us dollar and he was it was already pretty bad prior to this and here’s what happens and no one no one understands this until they listen to this type of a video is this is what happens to the us dollar right.
It doesn’t you will still have one us dollar in your bank account I promise you okay it’ll still say one USD okay but the thing is is it purchases less goods okay so this is in 1971 just how far the us dollar has come down from let’s say it’s you know worth a hundred pennies now it’s really worth 19 pennies right and that’s just over the last 50 years so and you can see that in circulation as you know we print more and more money that’s exactly what happens is it gets devalued and then the reason is because there is too much money chasing too few of goods now and that’s what like how inflation happens because it’s all supply and demand base right.
If there’s too much supply and there’s not enough demand and not enough growing amount of goods then there’s too much money chasing too few of goods well guess what that’s that brings up the price of goods whether you like it or not so you will still have your one us dollar you will still have x amount of money in your bank account but now that will go by less goods now.
Now you’re probably asking holy crap you know what do i do or what’s even a normal rate a normal rate is like two to three percent a year that’s what inside the united states we aim for for the us dollar and the reason is because it is good to slightly inflate the dollar so it doesn’t incentivize people to spend more money or so it does incentivize people to spend more money because if your money was going up in value you’d be like hey I’m just going to hold on to this instead of going onto this vacation because I’m it’s going to be worth more tomorrow right.
But since you know that your money to be worth less tomorrow then you’re more incentivized to spend it and here’s what is going on I’m not sure if you’ve been to this website but usdclock.org what’s happening and there’s a lot going on here right the total national debt up here is 28 trillion dollars okay and it’s quickly rising.
What I you could go into a lot of things right about the US workforce and labor and personal debt and mortgages and credit card debt and all that all that stuff but this is what I’m talking about right here is in 2000 the m2 money supply was 4.7 trillion in or right now right presently it’s 20.5 trillion okay.
So we had a between a four and a five x of the money supply in just the last 21 years and like I mentioned earlier it is very very quickly growing so this is what I am trying to and this is what I’ve been trying to make people understand for a while is just like how you should think about so like separate bitcoin and all the other cryptocurrencies okay.
Just draw a line down the middle right now okay bitcoin is a store of value and that is what it’s going to continually be used for and it is actually something called disinflationary so it is not it’s deflationary if you look at how much people are buying and then moving into wallets and moving offline so in that sense it’s deflationary on the sense of its supply it releases 900 bitcoin a day and then in you know about three years from now.
It’ll cut that supply in half and then we’ll reach 450 bitcoin a day and then four years from then and it’s actually not exactly four years it’s like three years and ten months or whatever it’ll cut the supply in half again and it’ll cut a supply in half and again and that’ll happen for over a hundred years until the 21 million bitcoin are completely released and that set amount is going to release over that amount of time no matter how many people are mining it right.
If every single person on planet earth started mining bitcoin there is not going to be more bitcoin okay the only thing that would happen is it’s more difficult to actually mine bitcoin okay so it would be more competitive and people would get less bitcoin so you got to realize that the supply is something called disinflationary which like really it’s just like decreasing over time but there’s still a supply coming out but what’s crazy is is people like this and people like grayscale and people like PayPal and square and MicroStrategy and all these companies.
They’re actually buying more than the supply a day so we’re in a massive supply shock and actually there’s I’m not sure if it’s still true to this day but about like four or five months ago grayscale which is that bitcoin trust where you can go by g BTC right and it’s they charge like two percent a year premium to to hold bitcoin they were buying more than 900 a day on average so like there was what I’m not sure it could still be true to this day but there was one entity that was buying more than 900 a day so that is insane right.
That’s a very very good sign for bitcoin let me turn down the sun here so I do not get sunburned you know so that’s what’s going on with bitcoin that’s how you need to look at it all these all coins right there’s those are up for completely other discussions as far as what their use cases is for and but what you need to understand is like bitcoin is completely separate right.
Look at bitcoin as digital gold as a store of wealth look at all coins as a as programmable money you can do things you can build things on top of them there’s so many so many possibilities and so many use cases for them and we’ll start to go into those like individually in another video but I wanted to bring that to your attention listen bitcoin is is being classified as property which is a human right to own property and most people use property to you know number one live in but secondly to store their wealth in and and you’re you are going to have no other option but to do that and I really do believe that bitcoin is the best place to store wealth.
It’s highly transferable it’s unhackable like gold like gold we like you we don’t know the actual daily supply of gold and if the demand dramatically increased people would melt down their jewelry they would go mine more gold they would go you know elon would go grab a 10 tons of trill or 10 tons of gold from some planet right.
There’s been tons of studies about all that but I’m not gonna go go into how much gold is sitting on these planets around earth it’s a little bit far-fetched but you get my point right there’s nothing as predictable and transferable if I wanted to go like transfer a hundred million dollars worth of bitcoin to my cousins in Europe.
Right now I could do that in the next 45 minutes and pay a couple dollars if I wanted to ship them 100 million dollars worth of gold well that would cost me 100 or you know at least millions of dollars to get to ship over there and it would take a few weeks right so I really do believe that as we move and and and this is also something to to be aware of right.
I’ve talked about this a lot about what is the the number one quality of an investor in my in my view it is awareness so being aware of what’s going on what is going on well technology in the internet and all these things are exponentially growing and not slowing down and that is helping globalization okay and what is happening you know the global economies are working together people want people are doing everything.
Digitally I mean I remember like my parents running businesses when I was growing up and having massive file cabinets right I don’t have one file cabinet in my entire condo and we have 40 employees in one business and then we run you know a fund with 140 investors and I have zero papers I mean everything’s turning digital whether you like it or not so what you got to realize is why would money and wealth not turn digital it pretty much already is and I also heard that there’s a thing called fractional reserve banking.
So what you guys need to understand is what the bank does with your money right if you go store it in cash not only are you going to get absolutely burned from this and from all of the money printing that is going on right this is it’s not going to slow down because anyone in the administration has no incentive to slow it down.
They have incentives to continually just pump up the money supply so the economy looks good they get reelected and they can do you know whatever they want to do right they’re completely incentivized to not stop the money printer so I don’t see this slowing down.
I really do believe that bitcoin is the best way to store your wealth and exactly Paul scoop it up while it’s low that is what I have been doing and I also for for most people okay I’ll get into some like some a little bit of a higher like strategy on like taxes and stuff but for most people the best thing to do is just a dollar cost average into the market right so that that’s also called time diversification which means that you buy over time right.
So when you when you make money right and and it comes into your bank account right it gets action in your bank account then I really do believe you should go spend 10 on self-education and then at least like starting at 10 into investments and you decide whatever x amount you want to you know allocate to bitcoin and crypto and you set that up on an automatic buy.
So on Coinbase you can go on there or Binance us or you know I believe even well actually I don’t know about binance.com because I have not done it on there I know for a fact Coinbase and Binance us because I do that right you can automatically have them pull from your bank account and buy crypto on a daily on a weekly on a monthly basis and just consistently buy over time right.
I really do believe that that is the best option for the majority of the people and to just start with bitcoin get your hands and feet wet and understand it a little bit better and just you know see how like how comfortable you feel with buying it over time and protecting your own wealth.
I really do think it’s like that should be an absolute right for people is to not get absolutely demolished by this and that’s what the wealthy understand and that’s what the poor and a lot of the middle class don’t understand it’s a wealthy these these types of people carl icon they’re putting money into assets and the reason why they’re putting money into assets is because inflation continually erodes away their wealth right.
So they need to figure out okay what is the best way to keep up with inflation and it is to buy assets right so that is one of the biggest things and now here’s what you can do if you want to like not pay taxes you can for crypto right you’re gonna have to pay taxes if you exchange it for anything so if you send bitcoin to buy a water bottle this iPhone you trade bitcoin into Ethereum whatever it is.
That’s a taxable event at that point in time so if you want to avoid taxes right because bitcoin grows over 200 percent a year since inception and there’s no denying that 200 percent plus on average per year people say oh well has too much volatility to be a store value well here’s the thing my man is it has considerable volatility and consistently to the upside because it grows at over 200 a year.
So I don’t know who doesn’t like to over 200 a year and also what you need to understand is when there’s a new asset class okay it is very similar to a baby okay like a baby gets super cranky at times right it’ll be it’ll be crying and screaming one moment and then it’ll be super happy and joyful the next moment that’s how early stage asset classes are once they get more capital into them which crypto only has like 2 trillion in it.
Right now once it has considerable amount more capital which I think it’ll be closer to 7 trillion by the end of the year it’s going to the volatility is going to ease right and then bitcoin can sit into that place where it possibly could be like you know used as some type of stability with currencies right.
They could instead of pegging the us dollar against gold like they did you know before the 70s they could peg you know stable coins against bitcoin and then that can be used to transfer very quickly I don’t see that happening for a while but I could see that that happening and I’ll talk about the tax thing for the last thing right so you can just use like buy bitcoin over time.
Consistently buy it store it somewhere I like to store it on voyager and Celsius that’s where I’m earning the most amount of interest depending on the time right depending on like what they’re offering because they’ll change their bonus structures and things based on quite a few things their business model the economy the market blah blah so I will store it on there because it’s paying me interest right.
I’m I’m earning usually between five and seven and a half percent on my bitcoin right so I’m being paid interest I’m not selling it it’s not a taxable event and what you can do is just take a loan against the bitcoin that’s what I did just for the down payment on my urus I’m like I don’t want to like I think I bought it like three months ago or whatever I’m like why why would I go put a quarter of a million into a car right now or sell bitcoin which is appreciating at over 200 a year to go buy something that’s likely to depreciate.
So I’m like hey let’s just use an open-ended lease under the business and for the down payment I’ll take a loan against bitcoin and I’ll still have the bitcoin it’s still appreciating right and I’ll just go be able to buy the euros with really no money down paying a small amount of interest which I can then write off and then I never am paying the taxable gains because there’s no taxable event from the bitcoin right.
So that’s what you can do just never sell the bitcoin you can take loans against it when you do need fresh like capital to go do something like that right and and I also understood like the opportunity cost of like if I put a quarter of a million into crypto at towards the beginning of the bull market and hadn’t held it or that 250,000 is not 250 000 it’s likely over two billion and it’s not normal or it’s not abnormal whatsoever for the top 50 by market cap to do an 8x over the bull market.
I mean bitcoin did 6.5 x in seven months until you know a few weeks ago when it had a nice correction so which I do believe it’s gonna climb back just like you saw my last my last video to over to six figures in 2021 so you can take loans against the crypto you can go use it for whatever you need to use it for maybe you want to go buy a house maybe you want to go buy an island maybe you have that much bitcoin.
I’m not sure maybe you want to go buy an iPhone right you can do that you can write off the interest assuming it is some type of an expense your account should should code as an interest expense and then what you can do is you can just consistently take loans against it for the rest of your life and when you know you have life insurance right.
You go go get some life insurance and the death benefit will pay the loan off when you die and you still have the bitcoin the entire time you never sold it you leveraged against it slightly you don’t want to over leverage again so there is things called over leverage and yeah you never get rid of it and you store your wealth and you compound.
I really do believe we are at the biggest transition in the history of wealth and finances and money there’s just so much going on with how much money we’re printing and how assets are changing and you know the like I talked about like globalization with economies now working together in the internet and it’s a really really big deal.
I don’t think we’re gonna see so much changing with money and investments again possibly ever and I think that and any type of change is an opportunity and right now is an opportunity and I honestly feel like pretty obligated to just share my thoughts like this on what I think is the best thing to do with like storing wealth right so I think I think you know bitcoin and real estate are the best ways to store your wealth and I will never consistently hold a large.
I know a lot I know a lot of people here’s another thing if you guys hold a lot of cash you got to realize that you are choosing to hold something that has an absolute guaranteed loss so and and and also that is an investment as well like cash whether you like it or not cash isn’t an investment so you’re just guaranteeing that you lose money and here’s the thing is like the I don’t I don’t I don’t think I have a great example for this.
Let’s see what I don’t know if I’m gonna find accurate numbers on this but this is just the consumer price index let’s see if we can find in April it rose point eight percent seasonally adjusted rising four point two percent over the last 12 months which is pretty high.
Anyways I’m not gonna go into read all these articles with you guys but let’s go let’s just see in 2021 let’s see if there’s a decent gas increased 49 I guess that’s why everyone was going to buy gas the other day energy increased five percent electricity three percent natural gas.
Oh we were just on this hmm I saw a lot about like lumber and like different you know piece of supplies obviously like gas commodities groceries things are just skyrocketing in price like out of nowhere and it’s not out of nowhere it’s out of somewhere which the the somewhere is this right all the money printing that we’ve been doing so as you can as you like stay you guys should stay cautious when you go going to the grocery store or you’re going to buy gas or like even you know things like technology over time and just watch how the price increases and especially over the next few years because of what we’ve just done here that is happening.
I also believe that’s why we saw the v-shaped recovery of the stock market is because we just injected so much money because when they inject money into the into the economy what most of the time a lot of the capital they’re buying financial assets and that just feeds ultimately into the into the stock market so that I really do believe that’s why I think the stock market just completely inflated.
There’s no I mean during a I don’t think we’ve ever seen we’re still in a recession by the way I don’t think we’ve ever seen that big of a of a climb that that big of a climb in the stock market during a recession ever I don’t you know don’t quote me on that but that was absolutely absurd and I really do think it is from this from just all the money printing so anyways want to share my thoughts what did you suggest buying bitcoin anonymously.
I mean what’s the point of anonymously buying it that’s what I’m like for tax purposes I mean if you want to do that if you’re worried about like that just go buy it and just go store it on a I mean you can you can come I don’t actually I don’t know I’m sure there’s ways to anonymously buy it but I don’t know there’s plenty of exchanges that have no kyc on them not in the US but just outside the US.
You just use a VPN and I’m sure you could buy it anonymously and then just go store it on a on a ledger or in cold storage and no and that’s the thing like like if china bans it or the us tries to ban it which I really do not see happening that would that would just dramatically increase the demand for bitcoin and crypto there’s there’s no way that they they can’t just pull it off of your they ca and they also can’t know what you have in a hard wallet right.
There’s no way that they can they can know any transaction over ten thousand dollars is reported to the IRS so if you are trading more than 10 000 you’re moving more than 10 000 on a u.s regulated exchange that has you know kyc which all of them do or they wouldn’t be in the in the us they wouldn’t be allowed in the us the IRS will know about it so if you’re talking about for taxes you do want to report report your taxes yeah.
I’ve I have I mean sheen I’ve just exchanged on on the smart chain so I’ve exchanged cake and doge and a few and bnb and a few small caps so absolutely yeah I like smart chain I like Binance I think that Binance is probably by the way if you’re new to the live we’re holding an investor’s conference June 19th in Miami Florida on a 4 million 40 million yacht talking crypto taxes real estate and asset protection would love to have you there coin I mean sure yeah.
We’re sitting at 1.7 trillion but Binance the smart chain has actually a lot of volume with pan pancake swap 24 hour volume is well above unit more than double uniswap 2.1 trillion 21 of the market and then you’ve got the bsc down here as well so it is pretty much already starting to dominate the the dexes which is decentralized exchanges which is so I actually I so this will be a whole another discussion but I think you know Binance like bnb is like the it’s like buying amazon during the dot-com crash like it during this bear market.
I am going to you know scoop a considerable amount of coins that I really believe in and one of them is Binance and I this is one of the reasons because their decks are so quickly growing and I believe in the Binance smart channel I believe in their team with cz.
They’re pretty incredible how quickly they come out with things with like oh yeah all these people are tokenizing all these other things let’s go tokenize tesla stock and they just do that and they just they just adapt and change so quickly and then like just the fact that it’s like even outside of the decks like if you go to the spot they absolutely dominate it not even close 31 billion okay.
Compared to the next which is Coinbase is 5 billion in the last 24 hours so not even close and then you go look at the last thing which is the derivatives market and absolutely dominating it 69 is that yeah 69 billion to 25 26 billion I mean it’s it’s not even it’s not even close so Binance has the absolute most attention.
Anytime they want to they want to release something they’ll just smash everything so I think I think they have too much attention too much momentum and too great of a team to not be scooping the heck out of their their coin while it’s you know what like 300 some bucks right now and just like I said into the bear market the altcoins lost like 97.6 of their value during the last bear market and I am going to be buying the dippidy dip also initiative awesome heavy into crypto cheddar.
I think we’re on the way back up but there is some technicals that I am waiting to play out which I’m about to go over in the inner circle which is just a group that I manage on that’s how there’s a course and then like we have I post updates on in market overviews but there’s some technicals that I am watching closely that if they happen I am going to take a little bit off of the table for sure but so you know I do believe we’re still in a bull market but I am watching a few signals pretty closely.
They’re not they’re not you know it’ll it would likely happen it depends on price action but it would likely happen over the next like 10 days so I am just going to continue to monitor that but I do think that we are still in a bull market I still do feel good buying right now.
I have been buying a lot over the last two weeks and I’m about to get off of here and go eat and go buy more to be honest Shane you cannot unfortunately I’m very excited for for like this stuff this is like I wish I wish this was in the u.s because I would use this instantly because I would literally save I mean we would have saved on transaction fees would if we saved two percent on a million dollars a month.
We would save 20 grand a month and that’s what this company is doing they are I’ll show you just for business so they will you can pay with crypto through a merchant so instead of like using stripe they actually like look a lot like stripe but they somehow completely get rid of like fraudulent payments and they they updated their site so I’m not sure where I’m pretty sure you can use this over in Europe right now in a few different countries.
It’s not in the us let’s go up to their why all right anyways well they took the transaction fees from oh yeah right here from one percent they have a limited for eliminated fraud and the speed you get you know all your payments the next day so that’s you know really valuable if I had fees at one percent that would be awesome but you know that’s there’s things like this that I love but unfortunately no we can we cannot accept crypto like the only reason why we don’t accept it is because we can’t do it on a recurring basis.
So like if if you could somehow send me the correct amount of bnb and I didn’t have to have someone monitor that every month then I would absolutely accept it but it’s just just not so much and yeah Kyle that’s I still do really like Cardano it has been one of my favorite projects for a long time but they have like their most important and most anticipated news and updates as far as their main net which allows like the true network effect to play out with other tokens to be built on top of their platform in August.
So like I am going to just be consistently buying as it’s going down I bought some two days ago I’m gonna buy some more tonight but I am a fan still I do believe in Charles Hoskinson I believe in their whole team and I also really do like their like why behind it like they’re really working on like that’s the other thing about crypto is it.
It is really sad to look at the other countries that just get absolutely slaughtered by their currency getting devalued and extremely more than the united states of America and it is really I mean think about that if you worked your entire life for for you know 15 an hour and then all of a sudden you realize oh you were actually working for three cents an hour and now you can’t buy anything that’s really sad and Cardano’s looking to change that for all of Africa.
So they’re looking to like put like financial and banking infrastructure there and actually like utilize Cardano for the currency so that is really really cool Kuma is I’m pretty sure getting crushed I think there’s so Shane there’s a link in the description oh wait yeah Kuma is at three so I was buying at seven and eight so that was also so what happens is like the smaller cap coins that you go.
There’s no way it’s I swear to god it said that there’s no way oh I guess it could be 5.95 that is crazy that it’s that high I thought it was still over the thousands so here’s what happens with with any type of volatility bitcoin actually has the least amount of volatility because it has the most amount of capital in it the further down you get on these by market cap.
The more risk they have and the more volatile they are when the market tanks so when the market drops by 56 percent right the small caps are going to get go down by 80 90 percent and then these larger caps are going to go down by like 50 maybe 60 maybe 70 right so like the volatility they get higher and higher as you go all the way down the market cap list which it goes you know I don’t know I don’t know how much they have on here.
I mean there’s there’s 10,000 cryptocurrencies so they can go quite low they go to the point where no one even has data on them so that’s to be expected honestly all my small caps are are down considerably compared to you know a month ago or whatever but I do believe it’s they will head back up usually what happens is bitcoin rises the large caps rise and then the small caps take off and then you want to you know pull your capital out when you double.
I like that’s my rule is like when you double a position you just pull half of it out so you collect your principal back and you let the house money ride all right guys I am going to hop off because I am starving but and I got a few things to do so hope you listen this if you did not listen this listen to the replay because I’m telling you there’s a lot of things going on with money.
First of all updates with these major players backing crypto and especially Ray Dalia really blows my mind and lastly it’s just like all the money printing it is actually really really scary to see what is going on with you know our currencies and most people just hold on to cash and that’s why they just get killed.
That’s why like these guys continue to get like the gap just keeps spreading because they understand this so it’s really really valuable to understand this and most importantly take action on it and gave you a few tips on taking action.
I do believe the best thing is the dollar cost average over time which means buy on a weekly or monthly basis and you just set it up one time and it just pulls from your bank out it’s very very easy anyone can do it it’s just a matter of you actually doing it okay have a great night thanks so much for staying on to the end of the stream and I will see you guys on June 19th on a yacht with cigars and juice and models and 200 entrepreneurs.