Crypto Predictions 2025: Bitcoin to $400K? | Dan Young DSH #1222

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I bought one in Salt Lake in holiday for a million and a half and it's like five million now. Holy crap. It's been a while. Salt Lake? Yeah. So even Salt Lake's going up. Yeah. Dude, it's nuts though because when you have big events like Sundance, you can rent this out for a thousand bucks a day. Crazy, huh? That's what the guys here are paying. That's not that bad. That's not that bad.

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Yeah, but you can pretty much make your mortgage in two weeks. You can. You know? Real estate could be the way. You got to know what you're doing though. Yes. A lot of people lose money in real estate. Yes. Not as much as crypto when they mess up. We'll try to help everyone. Yeah. Crypto has got to be like a 97% losing rate for the average person, I'd imagine. It's pretty bad, huh?

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It's just like when they go to Vegas and they think they're going to be a poker player. Yeah. I mean, same with stocks, though. Yeah. I think 90% of people lose on stocks. Too emotional, most people. Yeah, but you've got good control over that, right? Well, we try to meditate, you know, being a Vulcan and all.

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Yeah, plus you do the data analysis, so I feel like you're pretty comfortable when you make investments. Yeah, we do a lot of diligence before each position that we put into, so it's...

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it's been a good ride yeah you don't just see one video on social media and buy off someone's opinion no trying to see what a lot of people do you saw with the hawk to a coin that was great trump coin melania now you could have made money on trump and melania though you could have you could have made some money but you had to be there early short term yeah did you get in i got some at eight like eight dollars something it's pretty early so i did okay and then sold it pretty quick but uh

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Which is even more fun, right? That's a good point. They are finally getting some heat on the stock stuff, right? Yeah. And the donations and who's donating what to who. Buy what, you know, Nancy Pelosi buys and don't buy what Jim Cramer recommends. And, you know, people have done these mirror trades. The inverse Cramer ETF or whatever. That's right. He gets so pissed whenever he sees it.

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He gets all red. I mean, it's wild that everything he says goes down. Yeah. Like, you got to try to be that bad, I feel like. It's crazy, yeah. Like, you got to... If you're shooting that low... That's amazing. That's a skill in itself. It is crazy. You know? It's crazy. But are you bullish on Bitcoin and Ethereum still? I am. You know, I have some predictions for that. You want to hear them?

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Let's hear it. So... Right now, we're floating around $100,000, you know, around there. But here's the thing. Every four years, there's a Bitcoin halving, right? Where the mining difficulty becomes twice as hard. And then we typically see a bull run. Bitcoin first, usually Ethereum second, then alts, and then a bunch of degen small stuff, right? But Ethereum is kind of stalled out, you know?

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And so we took… I've seen some alts rise. But here's the thing. The biggest thing is the government. If they start buying Bitcoin and other crypto for strategic reserve, then of course, you know, our friends in China and Russia and all these other countries are going to be in this mad rush to buy. Just like when they started accumulating gold, right? But I think even with the Biden administration,

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Pretty significantly more, way more than Bitcoin. Yeah, so they could be stocking up. And other countries might have reserves too, right? If they follow our suit. Oh, yes. Gold, silver, right? Bitcoin, Ethereum. And, you know, Ripple obviously is pretty hot right now. I missed that one, dude. Did you get on that one? I've had Ripple for like six, seven years. Damn. Diamond hand. But it was crap.

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They just floated sideways, but I just kind of let it sit.

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And you have tokens, right?

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Yeah, but that's where people lose money. When it went sideways, they just sell. Yeah, they freak out because they get bored. Right. But you believed in the banking aspect of it, right? That was always their goal. That's what we thought would happen. And really, the big thing that caused it from going up is the SEC had Gary suing them.

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I just had Tiffany Fong on. She was talking about that. Wow. You also said the Bank of America CEO is interested in the space, right? Yeah. So there's a big law change now where banks can do more custody for crypto. So you're going to see probably Bank of America and every major bank now, you're going to be able to deposit Bitcoins there just like you would in your checking account with dollars.

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Yeah.

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So that's pretty mainstream. That's big, man. Because I got banned. You're banned? Not from that one, but from another bank for using crypto. Oh, yeah. We've done that. We've had that problem too. Like shopping for a bank to deal with crypto. Everyone in crypto has dealt with it. Oh, man. Because once you get to a certain level in crypto, they just ban you. Yeah. Just for saying you use crypto.

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Yes. You know, it's like a big deal in the space. Let's clear it out. We're all good? Well, I got to hit up Chase then and see if they'll take me back. Yeah. I think we might have just taken a wire from Chase. In crypto? US dollars. But if someone sends our hedge fund a wire and it says the word crypto and the receiving company, then they're like, flag this thing.

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That's why I did a Zelle with some crypto and it got flagged. Sucks. And I had millions in revenue through that bank. Man, I don't care, huh? So weird. And like 10 plus years of relationship. You know what's crazy, dude? We're like back in the late 90s. It's like back to the future. Remember, well, you were actually probably not even born. I didn't watch that movie. You were like little?

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Which model was your first one? 3S or something. iPhone 3, wow. That's the earliest I've heard someone get one, honestly. Good job. Did you just like the tech behind it? It was just cool. You know, you get all your stuff in one and it makes life easy. I feel like they haven't made any major changes, though. It feels like the same thing, huh? It feels like it, right? Just a little bit.

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They upgrade the camera a little bit. You know, little slight changes. But now, did you see this AI one, actually? This AI update? Oh, yeah, yeah. I'm playing with that. Dude, it's interesting. I turned it off because it was... A little invasive, but I think it's interesting. It's spying on you.

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Dude, I mean, I would get a paragraph text message and it would summarize it for me without me even wanting that. Yeah. I just woke up one day and it was on. I just don't want to having access to my messages and stuff. So I turned it off, but I thought it was interesting. Oh, but man, then you better remove TikTok and deep seek, man. You think so?

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Oh, yeah. Why?

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Because, you know, our long lost relatives in China are probably reading everything. I never knew what to believe with that stuff, dude. You know... I think, though, they can access a lot of that. But then again, our own government's probably able to access all our stuff, too. Yeah, so would you rather have Chinese governments knowing or your own? Which one are you more scared of, I guess?