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Bitcoin has made history by hitting $100,000 for the first time.
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Do you have any crypto sister?
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I actually don't brother.
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Me either, but I don't even know where to start.
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Me neither. It's overwhelming in my opinion.
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It's a lot. But luckily we have Ozzie Taula Creative Officer
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for Ola Meta Verso to help us understand what is actually going
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on with crypto and Bitcoin.
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So, yeah, welcome Ozzie.
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Hello everyone. Thank you for inviting me.
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Of course. Thank you for taking the time.
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So I don't know if you caught our conversation there,
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but five years ago in December of 2019,
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I know it seems like forever ago it was trading for $7500
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How did it skyrocket?
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I think there's a few factors for that one.
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It was the first one.
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Bitcoin was the first digital currency that kind of got implemented worldwide
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Two, there's investor companies that are investing
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in ETF S and kind of adopting Bitcoin as a regular
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finance tool. And I think the third thing is governments,
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although governments haven't implemented Bitcoin or digital currencies yet they are more
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And I'm sure in this last election you guys heard a little
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bit about either both parties mentioning Bitcoin or digital currencies.
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Although they haven't implemented them,
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they're more open to it.
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So is China they've just recently announced that they a little bit
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more open where in 2019 they weren't as open to that neither
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It was the US or other larger countries.
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So now countries are a little bit more open to it and
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I'm sure you've heard of El Salvador,
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right? Being the one country that bought a good amount the
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last year. So I think that's what contributed to.
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And also, as we all know COVID,
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right. COVID was a big impact to all economies.
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So it impacted Bitcoin as well.
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I know it is digital.
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But is there an actual Bitcoin?
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You can like a physical coin I can buy,
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there is not a physical coin you can buy.
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It's all, it's all digital,
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right? Think of it as a video game token,
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right? You'll never get a Mario Brothers token.
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I mean, you can print one for fun,
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you know, but those little tokens exist in Mario world.
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Right. Well, Bitcoin exists all over the world but they're
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still digital. So you can't really,
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but you can purchase something from,
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you know, that represents it,
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And is there a ceiling on Bitcoin again?
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I know it just costs 100,000,
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but could it go to maybe even 500 billion?
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So there is no ceiling,
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there is no top and it's all demand and supply,
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right? If people think that it's valuable,
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then of course, just like gold or any other item,
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they are going to you know,
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increase the demand, right?
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So that increases the value of it.
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And that's what's really kind of been happening these last few months
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in the last few years.
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So Bitcoin is the og of the crypto world.
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Is it sharp and steady increase over the years related to its
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longevity? Yes. Yeah.
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Yeah, that's a good point.
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So it was the first one kind of the first example and
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also another good point.
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It's the only one that is decentralized,
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right? There is no one person that can turn it off
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or no one person can stop your payment or any.
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So it's the only one that is truly decentralized.
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There are other blockchains,
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but they usually are attached to a larger foundation or a group
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of people that kind of control a large stake in it.
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So yes, the longevity and also the reason that it's
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decentralized, it makes it appealing worldwide without giving any specific
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advice. Have investors missed the boat on investing in Bitcoin?
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Like is it too late for me to jump in?
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It's never too late?
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It's all relative really,
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right. But I would first start with educating yourself right
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First start with education to learn what you're doing,
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what communities you learn from.
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And also I would advise to start using A I right
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to start educating yourself a little bit with these tools and then
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moving on to youtube videos to get a little bit more specific
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And also once you do start,
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I would also advise kind of to start with a small amount
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something again for you to learn with,
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right? And then once you learn and you feel more comfortable
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then you can see what your options are.
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But I do think Bitcoin is here for a long time
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So it's not the end or the beginning.
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You know, we're not sure when all this will end,
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but I think it's always a good time for you to learn
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about investing. Definitely.
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Well, thank you so much for joining us.
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And where can we follow up or where can people follow you
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on social media? You can find us on our website Ola
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Meo dot IO or you can follow me on Twitter and Ola
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Meta. The handle is Ola Meta and my personal handle on
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Twitter is Ozzie five,
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thank you so much Ozzie.
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We really appreciate you explaining to us.
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Definitely, I'm going to have to hit up a youtube University
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and start kind of researching because I want to,
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I want in, I wanna stop being out of the loop
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because I keep hearing about,
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oh you know, Bitcoin this Bitcoin that and I'm like,
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dang, like I feel so like I live under a rock
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sometimes I feel like my my money is just sitting there.
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Yeah, it just in a savings account.
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Savings are also good.
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I encourage you to start,
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you know, investigating,
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start learning a little bit and start trying things out.
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and you also have my contact now,
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so you have someone that you can easily send a message to
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and ask questions. Thank you so much.
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We appreciate you. Thank you.
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Thank you both. Have a great time.
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You too, take care happy holidays.
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