Folks, welcome back to the crypto news podcast. I'm your host Matt Zahab and I am extremely fired up to have today's guests on the show. This gentleman is a digital marketing and website building magician. Back in 2017. He became obsessed with crypto but couldn't find any websites that did a great job of covering the topic. That's when he and his co founder Tom launched crypto head with the aim to simplify crypto for people around the world and more specifically Australians
where he's from. Crypto had blew up and expanded globally. Present day, the team at crypto head helps 1000s of crypto traders every single month. I'm very pleased to welcome to the crypto news podcast, Adam Morris. Adam, welcome to the show.
Thanks for having me, Matt.
Super excited to have you on today. It is Tuesday in Australia and nighttime for me again, that's not too long ago I recorded with with Ryan McCall and john de wet from zero cap. Two incredible Australian lads as well. And same thing, recorded that night that it was morning for them. That's so weird. What's that like being in Australia when you're so far ahead of a good chunk of the world?
Well, it's Yeah, it actually makes it quite difficult. Especially when you know, you're talking to people from the US you're talking to people from Canada, UK. It never really marries up at a nice time for everyone. But you know you work through it. And you know, we're ahead so we get all the news early, right.
That's awesome. Yeah. Wow, what a treat. A topic that I want to jump into as it is pretty fresh right now. We're recording on Monday, the 28th of June is really getting into summer, July is almost around the corner. And it's a slow month for crypto, especially Bitcoin Ethereum, And everything is sort of taken a little dump, alt coins have been absolutely decimated for the most part. Bitcoin mining in China is a
very trendy topic right now. A lot of people are giving this, and by this I mean, Bitcoin mining. Seems to be the big reason of why a lot of you know price action has fallen. And just the hash rate in general, I'd love if you can start us off by if you're if you're Prime Minister, like we'll give mine Justin Trudeau for example, Prime Minister of Canada, how would you pitch these Chinese miners who have millions of dollars with the hardware, all
this expertise? How would you get them over to your country? What does that pitch look like?
Um, well, I'm not entirely sure. I mean, it's obviously an enormous community in China, whether they're just going to pick up and, you know, move to a another region. I mean, it's not really that easy. I think it's going to take sort of a couple years to get that sort of infrastructure going again. You know, there's large mining operations around the world, but in most cases, they sort of get stopped or have red
tape issues. Because I remember, I mean, three years ago, or probably two, three years ago, mining was huge, and in certain areas, and then, you know, the government found that it was just using up way too much power. So they were like, cracking down on it. So, you know, I'm not even sure if it's something that they would want to come to their country necessarily. But you know, it has positives and its negatives. So I'm not entirely sure how to sell it to a government, though.
That's quite a difficult one.
Million dollar question right there iterally. I do want to jump into crypto head now. I love the reason why. And again, when I was doing research for the show, it's such a good story, because you literally got into crypto and you're like, Oh, I'm falling in love. I want to learn more about it. And there really weren't too many good resources out there. And then you and Tom, launch crypto had, again, with the aim to simplify crypto for people around the
world. And you did that. Tell me about your journey into the space and sort of how you guys started and how you got to where you are now?
Yes. So I mean, I obviously got really interested in early 2017. And, you know, I was working in a marketing agency at the time. And I was doing research online, as you said, and specifically in Australia, there was a big problem where all of the websites that were sort of covering this information they didn't cover Australian
exchanges at all. So for example, you would search for whatever keyword and find an article talking about crypto exchanges in Australia, and they'd be listing you know, Coinbase as your number one and a few others like kraken and that sort of stuff. But there was at the time, you know, a couple of really good local exchanges, like coin spot, coin jar. And they just weren't even mentioned on the page. And I
thought it was crazy. So I wanted to make sure that, you know, new people getting into the industry specifically in Australia weren't going to, you know, Coinbase and stuff like that, because, in my opinion, it wasn't the best choice for them
being a local Australian. So, yeah, then we launch crypto head, and sort of the rest is history, we quickly expanded to Canada, UK, the US and sort of cover cover topics on a bunch of different stuff in in crypto, but predominantly focusing on exchanges and what they offer.
So what piece of advice do you give to a rookie or a newbie in the space? You know, again, you've conquered Australia, you made moves in USA, Britain, Canada, a lot of the countries that are really dabbling in crypto. But what about these countries that have maybe even more regulations than we might? What do you tell them when they want to get into crypto? Like, it's such a daunting space to get into?
Yeah, I mean, it's a tough one, because it's a daunting space to get into, even if it is widely accepted, right? Like, in Australia, it's pretty widely accepted. In Canada, it's quite similar. I think the take up rate in Australia is a lot higher. I think it's more similar. I think it's actually top 10 in the world. And UK is around 12. And I think Canada is sitting around 15th. And so for some reasons, Australians love crypto and similarly to Canada.
But I mean, even if you're in those regions, it's still difficult, right? It's still hard to get your head around all the nuances, and you know, where to trade it, how to trade it, how to store it, all that kind of stuff. Right? So if you're in a region that doesn't support it at all, you know, you're probably looking at binance as probably one of your only options. And, you know, there's a lot less support out there.
There's not many local companies, it's really, you know, leading the way and showing you how to get into it.
Yeah, that's a great point. It's not like the banks, at least in Canada, there's a oligopoly where I be, there's five or six of them. And you know, the last two don't even really count, there's more four banks, where it's like, literally 99.9% of Canadians use those four. With crypto It's like, where do you even start,
there's so many options. So it's good that there's people like you out there who are helping the rookies, get into the space, because man Oh, man, like I even remember when I first started, thank God that I had a couple friends who helped me, you know, and then, of course, you have YouTube and you have places like crypto head. And candidly, I didn't know about crypto head until, you know, six weeks ago. But again, maybe that's my own fault. I definitely, I could have gouged the web a little
more about that. But another thing that you guys have done. And you've really pointed this out in a multitude of pieces on your website, and on social is the problems with crypto investing and the communities around it. And so often, so many people are going to lose so much
money. There were a couple crackdowns last week as well, you had the South Africans who I believe ran away with, I want to say was over a billion dollars with the crypto, this happens all the time, and you don't have this big central authority, sort of taking care of it, yes, the central authorities have taken advantage of the little guy and little gal, you know, millions of times before but without them sometimes it is a little
troublesome. And there are just too many problems with crypto investing and the communities around it. I love if you could go into your spiel about this because you are truly an expert in this topic.
Yeah, it's one that is very personal to me as well. Because, you know, there's a lot of people in the space that are just looking at dollar signs, like, you know, how it is, they are. At the end of the day, they don't care too much about the user, they just want to get as many people in as they can and, you know, make as much money as they can. But we really strive to sort of provide information
that really helps. And that can, you know, help them on their journey because one of the main problems is, I mean, there's a lot of problems within this, right. But it's like any industry which is related around money, like at some point becomes sour and, you know, you look at communities and how they
go within the crypto space. You know, they start off very innocent and, you know, people wanting to learn and whatnot and then it quickly becomes everyone shilling, whatever coin they think is going to move into the next universe, right? So it is, you know, creating somewhat of a toxic community but for every toxic community, there's a lot of great communities out there, you know, developing awesome stuff and all that kind of
stuff. I mean, it's a question I get a lot about, you know, people coming into the industry and going, hey, you know, I've no idea about crypto what should I be investing in? I mean, that itself is a red flag. It's like if you were to go into stocks and just you know, randomly punt it over Whatever stock looked,
okay. One of the biggest things about cryptocurrency is you have to have the ability to research yourself, because if you don't, you're pretty much screwed, because it moves so fast that you need to be able to keep up. And if you can't actually do the research, and you can't actually have that critical thinking around, you know, okay, this this piece of news came out, what does that mean for you know, my investment portfolio? Then you will lose money
You're toast Yeah. I want to, you talked about investing, and you know, rookies coming up to you and asking whether maybe to go into altcoins, or more of the long term plays like Bitcoin or Ethereum. I'd love if you could touch on some of the pros and cons of each of those and sort of how to choose the right crypto strategy. Again, I know it's a very contextual question, and a very tough one, because if you had the right answer, you'd be worth a trillion dollars
right now. But I'd love if you could give me that, your two cents there?
I think the the answer is actually pretty simple. I mean, it's at the end of the day, people are investing because they want to, you know, turn how much they invest into a larger amount, right? And what goes with that is their risk tolerance. So if they're willing to risk, you know, that $1,000 that they put in, like high risk tolerance, then sure, okay, you can go and gamble on all the latest shit coins like, safe
moon and whatnot. But, you know, if you want to go for more reserves strategy, or like some sort of duel strategy, then you might put in 60% into bitcoin and Ethereum and then playing around with 40% on alt coins. I mean, yeah, I'm tapped into a lot of different communities. So I'm constantly seeing this all
day, every day. And the weirdest part for me is that I went through the 2017, boom, when you had ICOs coming out, and everyone was investing in, you know, this crazy new ICOs that were gonna change the world. And, you know, lots of people lost a lot of money. And it's, it's crazy to me, because the exact same thing is happening, but it's a whole new generation
of people. And, you know, you can tell the people who went through 2017, because they think much more critically, and they're more... they have like, lower risk tolerance in most cases. And they won't be, you know, getting in with all these new coins that are coming out.
I was just gonna ask, what advice would you give in regards to removing the emotional connection to investing and just being a robot and picking your price targets? Maybe setting a couple stop losses and going the distance?
Yeah, I mean, that's easier said than done, right? Because people, you know, humans, we're naturally emotional. You know, if we invest two $3,000, and we see the opportunity to make, you know, 30 $40,000, then we'd be insane not to, right. Like, that's how our mind works. Right. Um, so it's very hard removing that emotional part of
it. But there are ways. I mean, if you set yourself specific rules, and you know, you use a strategy, such as DCA dollar cost averaging, so you're investing, you know, a set amount, weekly, or monthly, or whatever timeframe that feels comfortable for you into, you know, a specific portfolio that, you know, can change over time, based on what's happening, but you know, maybe has a higher weighting and stuff like Bitcoin and aetherium, then that's probably the best way to take
the emotional element out of it. But I mean, even then, you're still stressing, you know, when Bitcoin drops 20% or whatever, like, you know, that's very hard to take out of the picture.
Yeah, I'll even use myself for an example. When Bitcoin rose from, you know, 10 to 60 USD, I'm talking about over the last year, I was checking my phone all the time, multiple times per day, similarly to when it dropped from 60 to 30 I was as well. Over this past month, I'm barely checking out like, some days, I don't even check the price. Because, you know, when you see Twitter, I'm on Twitter all the time. You know, you have emails coming in, you have different market reports, so on and so
forth. But when the volatility isn't there, it's really not that interesting. And it's, you know what I mean, like it's tough to quantify in qualitative terms.
Yeah, definitely. I think one of the big thing as well, as you said, it's gone up from 10 to 60, right. And then when it drops down to 40, people are panicking, because, you know, oh, my God, but you know, if you put your mind back, just a little bit, like only a year, like in the grand scheme of things a year is not much. And it was 10 grand. So it's more about taking a step back and looking at the macro versus
micro. I mean, Bitcoin has been, you know, up and down and up and down for many years and it will continue to do so. But if you take that step back, then it makes sense from a longer term. If you're investing for that, you know, five to 10 years or 10 To 15 year type deal, then that's when you can actually take that emotional element out of it. But yeah, it's a crazy industry to be in. There's no doubt about that.
A lot of fun and I would not do anything else in the world. Well, I guess I'd rather be a professional hockey player or a pro golfer, but besides those two, pretty darn happy where I am right now. You brought up macro versus micro. And I'd love to talk about people like Musk, the boy Elon Musk. The guy is, I would say maybe after Joe Biden, he probably has more pull than any other man in the world right now in regards to investing. Biden put something out as the president united states very,
very powerful position. Of course, he can definitely move the market. Mind you, he's not like Trump, Biden doesn't move the market. But Musk is probably the most well known market mover we're alive right now. The guy loves causing chaos in the short term. I'm curious to know, what would that look like long term? Is there going to be a day when musk will not have this kind of crazy pull that he has right now?
Yeah, I mean, I think it's already happening. I think people are starting to see the light and see that he's just stirring stuff. I mean, he tweets you know, almost daily about crypto at the moment. And you can see, you know, two months ago, when he was tweeting about certain things in the industry, people were taking real note, but now, you know, it's a lot of negative feedback and a lot of negative energy towards him. So I can't see him having that much of a grasp, you
know, longer time. But, you know, he's such a big, big personality in the world and in tech and everything. So it's kind of hard to not listen to him, but he has gone a bit crazy over the last few months,
He's a purebred like lunatic. I love him to death, quite frankly, like I - I'm not gonna say idolize him, but you can't not respect what he's doing. Like he's not shooting for low hanging fruit. He's literally trying to change the world. And they're few and far in between, with that kind of breed. But Musk is chatting with jack Dorsey, I believe Cathy wood is there as well. It's the, I want to see Bitcoin magazine conference. I think it's at the
end of July. I don't know if you've seen them on Twitter, but it's getting a lot of getting tons of news. What do you think Jack's gonna say?
I have no idea. I have no idea. I mean, it's a tough one. It's kind of like he used to be so level headed is the weirdest part. So I'm not sure what's changed. So I mean, I don't think Jack's gonna confront them or anything like that. So we'll see.
Well Jack's probably going to be like four acid tabs deep so I doubt he'll be there doing a whole lot there. But do you think anyone on the stage will, like you think any light will be shed? And maybe some debunking some of the environmental FUD with Bitcoin?
What do you think the outcomes gonna be that because again, if musk does go back to the other side of the coin, and he's now 100% pro Bitcoin, and really wants to make shit to happen, and actually take away all of the negative environmental impacts and actually work towards it, like there's no better spokesperson to have than him?
Yeah, I mean, the problem with the Musk is that he is an expert in many fields, and he's trying to now be an expert in crypto, but he clearly doesn't understand it fundamentally. So he's sort of a train. I mean, I think Elon has a deep seated problem where he has to be at the top of every field like he has to be the guy, right? Leading us to Mars. Like he's gonna save us type thing. You can see that with the way
that he's acted with $DOGE. He's really tried to become like, literally the embodiment of the Doge godfather. And he gets off on it, right. Like he loves it. So yeah, it's interesting, it's constantly developing, right? It's happening, you know, tweets every day. So.
No you're bang on. Speaking of Dogecoin great little segue into our sponsor, coin poker. You guys have heard me talk about that many times. Absolutely love coin poker. I have been betting on soccer or I guess football is the proper term over the last three four weeks Euro Cup. But coin poker is not only the revolutionary, blockchain technology based platform for poker lovers. It is also one of the best sports
books I've ever used. Whip out my phone and I'm on the go on the mobile app play a couple hands in Texas Hold'em or I can bet on sports. You have the euros you have the NHL hockey playoff finals. You have NBA Finals popping off baseball season just in the thick of it right now with those first inning over unders hitting those like crazy and you have to love them. coin poker uses USDT stable coin as the main in game currency and CHP as in game fuel, offering benefits for the
whole crypto world. coin over also features instant and secure transactions using usdt Ethereum Bitcoin or CHP tokens. And the absolute best part of all is no KYC. You get huge promotions as they give away 1000s and fiat every single week, tons of benefits and future development that are delivered directly to the coin poker community. Go check them out at coin poker.com. While you're on the website, you can find the button to download the app as well.
Like I said, absolute treat truly love these guys and appreciate them. Very much. So. Adam, quick question for you. Are you a poker guy at all? Do you ever dabble?
Yeah, somewhat, which is why I was actually really I was really impressed to see that you got Tony G on as the first guest for the podcast because I love Tony G. I think he's super entertaining.
He's the man one of the funniest and smartest. A lot of really smart people don't have the funny wit to them. And he's got them both and again, you've seen his highlights on you know, you're Australian. So you of course you love the guy. He's Australian, but you see him on YouTube. Like he literally terrorized the poker tables. Would you ever play with him? How do you think that would end up if you to battle them the felt? Would he just take you for a walk in the park?
He probably would. I mean, he's got a lot more experience than I do.
Yeah. When we had him on the pod, I love when I was like, so tell me what's the biggest thing you ever bet? He said, I'm million dollar hands all the time. I was like, Oh my god, I'd be shitting bricks, I'd better be sweating from every part of my body. Can you imagine betting a million on a hand to Texas?
Yeah, that's insane. I mean, I think in the big game they used to do like, you know, 100 200,000. But a million is insane.
That's like, could not believe that. If you were at a table with Tony G, you're one v one did last year at the table. You can have any hand in the whole pocket hand? What are you picking?
Pocket aces, obviously, I mean, I need all the help I can get.
I always find like pocket aces comes up. And you know, there'll be like 789 suited with the two, you know, suits? Or sorry, but the only suit that I don't have or don't have to they don't have kind of thing. I don't know, some of pocket aces. I feel like I never win with them.
Yeah, it does happen that way. But hey, it's got the best odds.
You're a crypto guy, you're a math guy. Speaking of the math part, when I was doing research for the show, one of my favorite things on the crypto head website is the DCA crypto calculator that stands for dollar cost averaging crypto calculator, I absolutely love this thing. Can you just tell our guests a little bit about what this is?
Yeah, so it's essentially a calculator that calculates, you know, if you had invested using that dollar cost average strategy that I mentioned earlier, so you know, say you wanted to put in $100 a week into bitcoin or $100 a month. And it would show you what that looked over a long period of time. So it obviously, you know, if you're talking 2014 to 2021, how much you know, your small investment of $4,000 over
that time, would be? And so it kind of shows you an idea of...Well, I mean, one of the main strategies in any sort of financing is constantly being in the market, right. And a quote that I love is it's not about timing the market, it's about time in the market. I think that
really rings true. You know, if you're around in 2017, and you're around still, then there's a good chance that you would have made money, like just by being in the market and necessarily not making the right decisions, but just being you know, in it, and having invested. But DCA is like a very low risk thing. And as I said, it takes out the emotional element so you can invest for the long term of the asset class.
For our listeners out there who aren't too familiar with DCA a very sort of good explanation for traditional investing would be a lot of people who put a very small percentage or whatever percentage of their paycheck into the market or into their retirement savings plan or whatever the case may be. That is the best way to sort of, you know, quantify dollar cost averaging, I do it as well. I don't do it on a systematic
basis. It's more of just like if I have a bit of extra fiat laying around, I'll throw it into bitcoin and and just keep stacking SATs, which is another sort of synonym for it. You also have the crypto compound interest calculator. And again, another super cool tool which I'm sure not just rookies but even chiseled vet space love. Tell me about that too.
Yes. So it's a tool that similar to a regular compound interest calculator, which show you how much your Bitcoin investment would be over a long period of time or we do a bunch of different crypto assets but bitcoins the easiest One. So to show you you know how much interest you would get using a interest platform such as BlockFi or Celsius, any of these interest platforms that give you know, say five 6% on your Bitcoin and sort of what that
looks over a 20 year period. So it's pretty basic but it's also takes into account a base increase of the cryptocurrency so say you thought Bitcoin was gonna increase you know 5% per year at a low rate over the next 20 years then you could plug that in and it would show you sort of what that looks like. So you've got you know how much interest you're getting your initial investment and then how much the entire amount of Bitcoin you have is over 10 20 years
I love that, that's another thing I was doing this on an Excel sheet turned out make my own formula when I first started playing around with this. I wish I found that much sooner. Another really cool thing that crypto head does is your reports that I believe are published on a weekly basis. One of my favorite ones is the
crypto influencer one. You have all the big boy and big gal crypto influencers I still can't believe the big boys at the top he bit boy if you're listening you're not so clown but he is number one and Justin sun number two vitalik Founder of Ethereum number three, John McAfee rest in peace or maybe not I personally think he's still alive sipping mon my thais somewhere hot on a beach. But if he is not john, rest in peace
and pomp at number five. But what you guys did is you created a crypto influencers social table. And it shows how many followers each influencer has on Twitter, Insta, YouTube and Tiktok. It's a great way to just sort of see how the main stream of information is pushed out to the public. And I know you've got some absolute crazy feedback on that. What made you publish this piece? And what kind of feedback have you received so far?
Yeah, well, I think it's a really interesting piece because it shows sort of cross the narrative of how crypto is going, especially since a lot of the people who are new in the industry are following you know, all these different influences. It really crafts, how people are thinking about the industry. So you've got people like bitboy at the top. I mean, it's insane to me how big tik tok has grown within the space. Like he has 2.6 million followers on Tiktok.
But there's also like a huge amount of other Tik Tok influencers in the space, which is, you know, definitely targeting that like lower age demographic, which is super interesting. But yeah, that's sort of something that's developed this cycle, and wasn't there last cycle. So it's interesting to see how it's changing over time and how these people are changing over time too.
I'm looking at the chart right now. And everyone on the chart has a Twitter account except for one. Gentleman Yvonne, my apologies. I guess the wolf of Bitcoin as well, Andres antonopoulos. Again, a couple of people don't have any Twitter followers, but for the most part, the majority of followers comes from Twitter, Instagram, YouTube, with very few dominating tik tok. What do you think all these big boys and gals are gonna get into the Tik Tok space? Is that inevitable?
Just because you're leaving so much on the table? How do you think that's gonna work?
I mean, I think so. I personally don't know a whole lot about Tik Tok. So I'm not entirely sure, but it seems like a no brainer, right? The audience is obviously there. I think, you know, for the Twitter and Instagram people, it's a lot, probably a lot harder. For the YouTube guys, it's probably a lot easier. So one of the trends that we saw is that people who are on YouTube are like, mainly focused on YouTube, and they don't really focus too much on like Twitter or
Instagram. But there's a few of those YouTube guys that have utilized tik tok very well. So there's definitely a lot of potential
Interesting. Shout out pomp doing doing pretty well. On the board. Same as Justin son, who Yeah, again, some some crazy people in the space. But a really cool tool as well. Another really interesting tool that you guys published the crypto crime report, which very interesting turns a lot of heads. Tell me more about that.
Yes. So, I mean, you know, I sort of alluded to this earlier in the pod but, you know, we really care about sort of shining a light on things that people don't really want to talk about in the industry. And one of that is crime within the industry, right? There's not too much said about the amount of scams that happen and all that
kind of stuff. You know, you've have stuff like bit connect in the past that, you know, some people went through but not most of the people who are new have been and there's a lot of similar scams in today's world. So there's a big problem. I'm not sure if it's global, but it's some definitely big problem in Australia. I think it's also
in the UK. And so what they do is they hack Facebook accounts, and then they'll post, you know, I made X amount a week doing this crypto strategy, and sort of bait people in with that, because it looks as if their friends are posting it, right. So I mean, there's tons of, you know, quite smart scams going around. There's people emailing fake hardware wallets to people, because they have the, you know, they had that data breach, they have all of their information. So they email out these ledger
wallets to them. And it all looks legit, or branded, and say that they've been compromised, that they have to switch to this new hardware wallet.
That's crazy smart though.
Yeah, it's smart. And you know, even if you're in the industry, and you understand it perfectly, you could still fall for that. Which means that a lot of people will
100%. I hate to say it, but it's pretty brilliant. You nailed it on the head there, people who are switched on would still do that. If I wouldn't have read the news, I would ask mind you new like, again, I have one, like, I'm looking at it right in front of me. But one of my co workers, same thing. I'm not gonna say who but he or she received that email and you know, put it in our slack group. And we looked at it, and we were like, hey, let's look into this.
And we saw all the FUD on Twitter about it, but it's like, that's a pretty sweet, you got to give these guys credit, you know, they're not just doing the classic, like you said, hack the Facebook account or junk email, or a text message. Like that's a pretty switched on crime.
Yeah, I mean, the Ledger ones are quite interesting to quite advanced. And, yeah, it's gonna cause ledger, you know, problems for years, I'm sure. But it's a very interesting thing that, yeah, not too many people talk about. I think it needs, you know, more time in the limelight. And hopefully, we're going to, you know, with this study, actually bring that into the limelight. And two people considering getting into the industry
Tell me about the crypto ready index.
Yeah. So we've done another report, which is the crypto ready index, which is essentially analyzing how ready the people in a specific area are. So it's more from a consumer perspective, as opposed to like a organizational perspective. So we're talking stuff like, you know, Bitcoin ATMs, how many people were searching it within these regions Per capita? We've got a ton of really cool metrics in
there. And it's sort of, you know, all comes together and gives a rough idea of which countries are at the top of adoption, essentially,
Who's next on the list of countries?
This was surprising to me is a lot of the you know, tax havens are huge, like in this index. Because the pick up prey per capita is enormous, right? Like, I think we're talking like 30% of people in some of these regions are like searching and investing. So you've got like Cyprus, Falkland Islands, Cayman Islands, all that kind of stuff. Which is really cool. Yeah, I mean, it's interesting, because it also shows who is thinking about getting into it, because, you know, you obviously have people
who already invested. But there's also people looking to invest. And you have a few ones in there that you wouldn't necessarily think about, which is quite cool.
Can you release a report in regards to how one maybe or maybe not talking about myself would get a passport and or residency at one of these tax haven countries?
I mean, yeah, potentially. I'm not even sure how to do that. But you know, our team is, you know, most of the stuff that our team has done, and they're excellent at researching and the sort of stuff that we're publishing is really cool to be a part of.
It is true, your team is incredible. I love the research, and all of these are at crypto head.io forward slash research forward slash and then the title of the page. But deadass would you throw out an article like that? Because I would definitely, and again, I'm speaking on behalf of the masses
here. I know there's 1000s if not millions of us, who would love to actually find out how to do that and how to get residency at some of these tax haven countries because it's like you've even seen the exodus of New York and San Fran moving to Florida and Texas. The main reason is taxes and the second reason is weather like, and it also seems like most of these tax havens are in pretty warm spots, Malta, Florida. Texas Caymans like.
Yeah, it's an interesting one. I mean, we're hopefully going to publish, you know, a lot of cool stuff and other other different topics. So I'm definitely looking forward to that.
Amazing couple quick, rapid fire questions before we wrap up, Adam, when will Bitcoin hit 100k?
You know, a lot of people saying that it's going to hit it at the end of this year. The optimistic side of me wants to say, it will be the end of this year, but as I said, I take that much further step back approach, whether it is at this year, or next year, I'm not too bothered. But you know, I think it's gonna happen this year, or next year,
Ethereum to 5k. that's gonna happen.
Yeah. Well, I mean, if Bitcoin goes to 100k, then it's inevitable that $ETH will hit five. So it would happen in the same run up, I would imagine.
Are there any shit coins in your bag right now? Or any crypto projects that you're really keen on?
Um, no, if you asked me in 2017, I would have listed off a crazy amount of things. But, I mean, I've, you know, dabbled with some stuff. You know, part of it, there's that gambling mentality, which, you know, can be fun at times, because you can turn that, you know, 1000 into 10,000, just by taking upon but, you know, long term, you're gonna lose money. Because even if you win on certain bets, you're going about it with the wrong intention. But yeah, I tend to stay away from
that these days. I predominately just look at investing in the in the safer assets.
Right? Yeah. A little off topic here. You just said, taking a punt, excuse my ignorance. Is that a rugby related term?
It's just like a betting term. Like, you know, you take a punt at something.
Yeah. And I guess North America, the more popular term would be or the more common term rather, would be like, take a shot out or like, take a whack. But I like that take a punt at it.
Yeah, I'm not actually sure. Because I'm brought up in the UK and live in Australia. So I'm not actually sure if that's Australian or UK, but it's one of the two.
Right, you get in on any any Euro Cup action. Were you watching Team England back home?
No, I'm not massive into sport unfortunately.
No worries it is just exciting time. I always love these global tournaments. What about Olympics? Are you bullish or bearish on the upcoming Olympics?
I don't know. I don't really follow it too much. I mean, the thing that I like, more fun, more interesting from my marketing background, right is like, you know, for example, the Euro with the coke stock dropping because it moves it. Yeah. I mean, it's just stuff like that I find interesting. But I'm a bit of a nerd like that.
I'm curious. And I haven't been following it too crazy. But I haven't seen any crypto sponsors. Maybe that'll change for the Olympics. Like, I feel like we're better stages there. You know, like maybe the Super Bowl for the state NBA Finals NHL finals. But I know there's some crypto sponsors in the Premier League for football. I don't know if there are any sponsors for Australian Sports. But I'd love to see some crypto sponsors. It's a great way to get the word out there.
It is. I mean, I think it's difficult because a lot of the people who would be promoting it don't understand it fully. I mean, even Facebook has cracked down on saying crypto stuff. Like you can't do ads for pretty much anything commercial based. Unless you have like written consent, which is quite
difficult to get. So I mean, you know, when you look at somebody like Facebook, who's quite advanced and understands crypto a lot, and they won't even touch it, you know, it's difficult to see if it's going to be widely adopted among other sponsors. But yeah, we'll see. I think it will happen over time.
Too many scams in the space. And to conclude last question on your bread and butter, which is digital marketing and building websites. What is your one piece of advice? Or what is your 30 second elevator pitch for companies launching ICOs getting into the crypto space, whatever it may be, what digital marketing growth tactic could they use to really get a leg up on the competition?
I think, you know, the thing is that most Yeah, I mean, crypto is completely digital, right? So most people are researching stuff online. So actually, working out what they're researching and getting in front of them is the way to do it. I find that most, you know, new crypto websites have no idea what they're doing. And so they have a great product and they just can't market it. I mean, this is the same thing in
real life as well, right? Like you have a shop and you might have this amazing offering but you're in the wrong location. So no one finds you. It's the same on the internet
Well said. Any questions from you before we wrap up?
Um yeah I mean so I'd like to get your view on what you think about tether?
Oh god that's a ticking time bomb like am I scared, yes but I guess first let's give some insight or some background info rather for our listeners. Right now there's, not right now it's been going on for years, the SEC and all of the you know government institutions across the world have been cracking down on tether which is USDT the most popular stable coin in the world. It mimics the US dollar.
Its purpose is so people can you know easily onboard Fiat to crypto as it again one tether's worth one US dollar, just makes life a whole lot easier. The whole problem behind it is the group behind tether does not show their financials and does not show where they get the money. If they're just printing more, there's tons of problems with it. And people say it's a ticking time bomb because it's used to just pump the price of crypto and more specifically
Bitcoin. Am I scared? A little bit because I'm you know, definitely over I don't even know the right term for this. But I'm you know, I'm very long on Bitcoin and crypto as a whole. Yeah, it's it's tough. I really I wish I had a better answer for you. Am I scared? Yes. But again, I haven't really read any of those larger reports in regards to what's happening. I really don't think anyone actually knows what's going on.
But if it happens, though, if they can prove that it has been one big money laundering scheme, like hack, I can't see it being good. I don't think it's going to be like one of these we battle Elon Musk. Great, we got through the world's biggest influencer and stock promoter and market mover. That's huge for the community. The China hacked down again, huge move for the community. hurt the price of bitcoin, great for it long term. This is what a community is about, you take blows and battle
through it. But this might be a blow that I don't know if we can get past this. And I keep saying we as if I'm you know, some big dog in the community. I'm not. It's just as someone who holds crypto and believes in it and is long in it. It's a great question. And I'm going to throw it right back on to you. What do you think about that?
Yeah, it's a big question, right? It's a big, big question. I had concerns with Tether, in 2017, even. And I had heard a few things around then. Similar stuff to now but there's a lot more coming out about it now. The big problem is that if tether, so for people who don't understand so like this is also proving a large point, right is that there's stuff like this that if you aren't plugged in, you won't know about and you're just flying blind essentially.
So if you're investing in something like cryptocurrency, you need to be doing the research to understand that. Because tether is potentially very problematic if, you know these reports and stuff that have come out are true. It doesn't bode well for the industry, in my opinion. I have a pretty good knowledge of how exchanges and how the DeFi products and everything work behind the scenes. And if tether, you know does blow up, which people like Vitalik say is inevitable, which is very
concerning. But if it does blow up, essentially, everything stops working. USDT is the basis of most things and exchanges would essentially crash and stuff like that, you know, as to whether they can preempt that I'm not sure. And, you know, obviously they would rebuild. But an event like that would cause a huge drop in the industry. And, you know, this is
all opinion based. And from what I know, and I'm no expert, I'm just basing off, you know, sort of things I've heard and things I know, but it would cause a big crash. And it could take years to get back to where we were. I mean, the thing is, you would lose a lot of consumer confidence that the main basis of the industry was built on, you know, all these money laundering and stuff like that, if that is true.
That's very well said. A follow up to that. Are there any resources like where do you recommend learning about this?
There's a couple very good videos about it. Coffee Zilla did a like a 40 minute video on it. I would recommend watching that with an open mind. And you know, not taking a side but it's good to get a bunch of different information from different sources. There's been reports, you know, over the last few years, the new york commission banned it as well, because they did a full report and they found that they were lying constantly and that they didn't have the money backed and you know, all
these other things. So they were banned in New York. And the crazy thing to me is that Tether came out after that and said, you know, oh you know, they did some research and everything's fine. They found that the money was back blah blah blah, like they just kept lying through through the entirety of it, which is just insane to me.
Side note, I actually have no clue. Like I at least know the founding members of Bitcoin Ethereum, Litecoin, binance, but like tether? Who made tether? I have no clue.
Yeah, so well, that's, you know, we're getting down the rabbit hole. But there was always a conspiracy that bitfenix and tether were founded by the same people and it was denied it. Right. And the classic thing was that they said that they were just banking at the same banks. They weren't owned by the same people they were banking at the same banks which is just insane, right? It came out years later that they are indexed by the exact same
people. And then they claimed that they were, you know, completely separate entities but owned by the same people. And then there's no evidence of them sending money between both entities. But it's a bit of a mess, honestly. So we'll see, you know, what happens long term, I hope that the industry can get to a point where it can survive something like that. I don't think it's going to happen
anytime soon. I think things like this, you know, they go on for years and years and years, even if the SEC do launch an investigation, which there's talk of at the moment. You know, things like that will take a long time. Right.
So on the tether timeline, you don't think that people should be worried? Right now? You think that's year two down the road kind of thing?
Yeah, I mean, it's mpossible to say, right? I mean, there's been stuff like thi before, where the SEC have i vestigated it and found that the e's nothing wrong, and the there is and then eventuall they investigate them again, th n they find something is w ong. So, you know, this cou d go on for six to eight years if they are doing dodgy stuff But it also could blow up in year if they're found out. Bu yeah, my opinion, I'm not ure. Whether they are doing st
ff dodgy. I mean, you know, T ere seems to be a lot of info mation pointing that direction. ut time will tell.
Really intere ting. What a great way to end it That was a very insigh ful and a great question for me I appreciate that one. Before we let you go, can you please let our listeners know where hey can find crypto head and yo rself on socials online everywhe e?
Yeah, so I'm not big on social media. I'm more so just doing stuff through our web ite, which is crypto head.io And that's pretty much where w 're publishing everyth ng. That's where we're putting all of our information. We're n t to begin socials either, like as a company. So that's retty much where everyth ng goes.
You got it crypto h ad.io. You heard it there, c eck out the reports that you an the team published, they' e absolutely incredible. And f you ever want to check out so e of the tools, the dollar co t averaging crypto calculator, a d the crypto compound intere t calculator, are an absolute reat to use. Adam really had a blast. Appreciate you comi g on and 100% gonna have young or round two in the future. T is was truly a treat. Thank y u. Thanks so much for having m
. Thanks. Folks, this was the c ypto news podcast with Adam M rris, co founder of crypto h ad, you can find him at crypto h ad.io. I had a blast on this e isode and I hope you did l stening as well. I'm sure as y u are aware, we have cranked b ck the podcast to Monday and T ursday. Probably going to do t at for a couple more weeks as i 's a little slower in the s mmertime. The Monday Wednesday F iday was still going great but a ain, summertime gonna crank
it back a little. Give our liste ers myself and our guests a lit le break from the 3x per week. hope you are enjoying this as al ays check us out at crypto news. om. And you can find us on all s cials as well at crypto news r crypotonewscom. Thank you so much for listening. Hope you ha e a wonderful day and a wonder ul rest of the week and I hope y u're all enjoying the beauti ul summer all the best and ha e a good one bye