Coming back for his second appearance, Russell LaCour joins us to discuss securing the best APY in Crypto with Tantra Labs.
Russell is the Co Founder and CTO of Tantra Labs, an Algorithmic Prop Desk that gives 12% interest on BTC and ETH. Russell has been in the Bitcoin space since 2011 and has been an Algorithmic developer since 2015. After going to India in 2017 and trying to find a purpose greater than just making money for rich people, he founded Tantra Labs in 2018 as a way to let people be denominated in an asset instead of in dollars.
Website – http://tantralabs.io/
Twitter – https://twitter.com/tantra_labs
Previous Episode on CC – http://crypto-current.co/earn-12-apy-bitcoin-ethereum-every-year/
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:01:12:14 – 00:01:38:00
Richard Carthon: Hello, everyone, and welcome to another episode of Crypto Current, your host here, Richard Carthon, and today I got a special repeat guest. If you have not heard it is one of the coolest things that you should be getting involved in Tantra Labs. Russell was with us earlier this year back on Episode 149, and he has come back again. If you’ve been listening to our show, you already know that Tantra has been an amazing sponsor for us.
00:01:38:03 – 00:01:52:07
Richard Carthon: And if you have the opportunity to get involved, you should. It is pretty freaking sweet to be able to get 12 percent APR on both Ethereum and Bitcoin. And now we’re coming back to have another awesome conversation. So Russell, thank you so much for joining us.
00:01:52:20 – 00:02:06:02
Russell LaCour: Awesome. Thank you for having me. I’m excited to get away from the computer, although we’re on the computer having this meeting out of the code, I guess, and having a conversation about all the cool things happening in Crypto.
00:02:06:23 – 00:02:28:25
Richard Carthon: No doubt, man. Well, since we last spoke, a lot has happened in the space and has happened. So much has happened in this space. A ton to unpack. One of the biggest stories, obviously when we were talking, is the giant run up to 60K in Bitcoin, all the way back up, all the way back down to 29, all the way back up to 52 as of the other day.
00:02:28:27 – 00:02:47:08
Richard Carthon: And even with Ethereum, we saw the run up to 4000 all the way back to around 800, all the way back to around 4,000. Now what’s great with the thing like Tantra and while the opportunities are still so amazing is that you can make money when it goes up and down. So, I’m sure you’ve been very busy.
00:02:48:00 – 00:03:24:21
Russell LaCour: Yes, extremely busy. The volatility presents amazing opportunities, and one of the things that we specialize in is quantitative investment algorithms. And when volatility like this happens, when the price moves 10 percent in a day or like yesterday, 10 percent in a single minute or an hour, it presents incredible opportunities to capitalize on inefficiencies in the market. And although those inefficiencies aren’t always good for everyone, our job is basically to make sure that the market doesn’t collapse when they’re happening and we’re rewarded for doing that. So, it’s been a fun few months.
00:03:25:05 – 00:03:33:00
Richard Carthon: No doubt, and let’s kind of spend some time on in there because I think you also have a more recent news that has dropped too as it relates to Tantra. Do you want to share that?
00:03:33:23 – 00:03:59:24
Russell LaCour: Absolutely, thank you. For a long time, we accepted accredited investors only inside of the US. We have officially opened this up because it was private before it was basically with friends and family only. Now, if you are an accredited investor in the US, you can sign up for our app and basically have a CPA or attorney actually validate that you’re accredited and you’re good to go. We can start accepting deposits.
00:03:59:26 – 00:04:16:03
Russell LaCour: We offered several terms. Basically, you can give us BTC or ethereal. We pay 12 percent if you lock it up for 12 months and nine percent if you lock it up for six months. Yeah, we’ve been doing that for over three years now, and it’s been a lot of fun. It’s been a good ride.
00:04:16:05 – 00:04:42:29
Richard Carthon: No doubt. And what’s cool about it is allowing people to really see the benefit of using the platform, seeing how the returns are coming in and even having a way of. There was a story, if you don’t mind sharing it again. Basically a lady who got into Bitcoin, forgot it was there and then came back, needed it and because she had invested in locked it up for the time she had, she saw it. Appreciate you. Mind sharing that story again?
00:04:43:17 – 00:05:24:09
Russell LaCour: My co-founder, that super emotional, but he kind of called me and he was like, crying because is this woman basically, she had gone through a divorce and she took her kids to another country and she was just like, so grateful because Bitcoin and our product allowed her to have financial freedom. And that’s what we’re all about. It’s truly being able to denominate yourself in an asset instead of a liability like the dollar. We believe that it’s the way of the future where people can actually choose an asset to be denominated in rather than the dollar, which is basically being inflated out of our hands, right?
00:05:24:11 – 00:05:55:27
Richard Carthon: Which is a great way, like you said, to allow some security, but then also allowing your money to work for you. There are a lot of people who have a sizable amount of money that go and put in traditional finance, traditional banking and what is able to return for you in Crypto. Not only is vastly greater, it also has the ability to appreciate so like, for example, as you all know, if you put a dollar in the bank or let’s say you have $100,000 in the bank and they say they’re going to give you five percent on that and that’s generous. You’re not going to get that. Let’s say you can get that.
00:05:55:29 – 00:06:25:21
Richard Carthon: So, that’s $5,000. But again, you’re USD, that’s only going to be that $1,000 period when you put something like a Bitcoin or Ethereum. It has the ability to appreciate it could also depreciate, but with the way that things are going in the way that you’re able to offset it. With APY, basically that could offset if it depreciates, but if it appreciates not only is your money increasing in that capacity from an investment standpoint, you’re still making money on top of your money. It’s like it’s an amazing opportunity to really see your money compound.
00:06:26:05 – 00:07:28:22
Russell LaCour: One of the reasons that we actually launched was 12 months notes. So, the 12 month mark was because we wanted people to have almost the first hurdle like we wanted them to have to hold because the upside of Bitcoin isn’t realized in a two month span or three months spread. Sure, some people bought $8,000 Bitcoin and never saw it go lower than that, but most people end up buying tops most people. The majority of our buying 50k, 60k when CNBC is telling you, is the future. And they’re selling when it goes to 28 and they say that it’s no longer the future because China has been, you know, and you’re not able to do that if it’s out of your hands, which is it can be argued as a good thing and a bad thing. There’s a lot of platforms that are experimented with this in like a time lock and things like this. And so, there’s a lot of benefits to this idea of not being able to sell the bottom. It’d be great if that of us could buy the top two, but it happens.
00:07:29:01 – 00:07:56:07
Richard Carthon: Another way that I kind of like, look at this is like, I call it the Crypto 401K, right? So, in a lot of ways, everyone’s familiar with their 401K that they go and have for retirement. You put money aside, but you can’t really touch to have money until you’re in your mid 60s now with something like this. You’re only locked up for a year if you choose to, and then you can again do it again, which at that point is compounding because you’re continuing to have your money compound on itself. You can always go back and add more at any given point, add a new term.
00:07:56:14 – 00:08:42:11
Richard Carthon: But again, if you’re looking at this as the long term play, if you see the capacity of where Crypto and and in Bitcoin and Ethereum are headed, which I think are the best two opportunities in the space right now in this next decade, potentially why wouldn’t you play the long game and let your money compound in a potentially very safe way? Like, that’s the way I look at it, and I just see it as a really cool opportunity to compound your investment and have a way that you can see that money actualized. And one of the thing I want to add to that is that if you look in history, I think it’s every at any point that you bought Bitcoin. If you waited, I think two point seven years or it might be three point two years, you will always come out positive. It’s it’s insane.
00:08:43:03 – 00:09:24:19
Russell LaCour: Mm hmm. My answer to that is Bitcoin has a very short history, but it’s the same thing with even real estate when you buy an asset in a Keynesian economic world, in a world where we’re printing money. Any asset will appreciate in value as long as that asset is scarce, which is why Bitcoin the digital gold is valuable. It’s the same reason that you can argue that an NFT might be valuable because it’s scarce. The same reason that a Charizard card is valuable, it’s scarce and it’s wanted and so scarce assets appreciate in value. The same goes for even the Mona Lisa.
00:09:25:07 – 00:10:06:21
Russell LaCour: What ends up happening is that there’s a really good saying it’s something for everyone to be aware of, especially as we approach, you know, bubble status, especially in the NFT world and even the stock market. Because a lot of stocks are super parabolic in this environment and a true correction like a recession or a depression. What is the value of something that you can’t eat? Or does it shelter you? And that’s a question that I can’t necessarily give you an answer to, but I would be hard pressed to believe that anyone gives value to anything other than an asset that’s tangible in a world where everything’s collapsing.
00:10:07:05 – 00:10:42:03
Russell LaCour: That being said, we as human beings in this paradigm, always need a way to transact. We will always need a way to trade time to trade, energy and Bitcoin, Ethereum of slaughter. I would say right now are the most sought after assets to trade time and energy in the digital world for a number of reasons. I didn’t say Cardano. I didn’t say Ripple is an entirely different conversation. At the end of the day, I’m a trader and I wouldn’t say any of this is long term financial advice.
00:10:42:16 – 00:11:19:08
Russell LaCour: But if I said that’s valuable and has the ability to be transferred will always have value in a world that we need to transfer value in, which isn’t going away anytime soon. Those things being said, the stock market and crypto and all of it is super hot right now. Normally, when these things get really hot, it ends very badly, so, be careful. Don’t invest anything you’re not willing to lose an adult mortgage, the house to buy putty, penguins. I don’t know. You know, again.
00:11:19:20 – 00:11:52:06
Richard Carthon: Well, everything that we say on it is in financial advice. And again, whatever you’re willing to put into Crypto, be willing to lose, but also understand the small amount potentially that you put in compared to other investments that you have could greatly outperform anything else that you do. And on that subject, I actually have one more question before we kind of dive in another direction. What’s on the roadmap for Tantra? So, a lot has happened just in the last year or so. Are there opportunities to potentially add other platforms or other coins to the platform? What’s on the horizon?
00:11:53:01 – 00:13:06:19
Russell LaCour: As of right now, this full opening and lot outside of like people that we know we’re focused on, fully committed to that for the foreseeable future. So, it’s just making this product better. I will say internally what we’ve been speculating on and working because everything about Toyota, it’s all friends and families money to begin with. I would say over 40 percent of the fund is our own money and friends and family, and we want to build something that we want to use. And so, one of those things is about decentralizing this product and building a product that lives on the Blockchain that lives in the digital world, that lives in a permissionless society, a decentralized society. And so internally, we’re working on things like that. I can’t necessarily disclose what that is and how it’s working, but very, very bright future. I believe for that and I’ll give this. It’s one of the reasons why I think we’re extremely bullish on silver. If you haven’t heard of Solana or looked into it, I highly recommend it. They built our parallel processing on Blockchain and as a technologies that can express enough how big of a deal that is, actually.
00:13:06:24 – 00:13:16:09
Richard Carthon: I do want to spend some time on this. With Solana booming, a lot of people are paying more attention to it. People still don’t necessarily understand it. Can you explain at its core, like, why is this such a big deal?
00:13:57:18 – 00:14:37:00
Russell LaCour: We’ll start like 2017, Bitcoin basically had a hard fork where you made Bitcoin Cash because they wanted to increase block size, so, we could do more transactions because the problem with Blockchain has always been if we want to use it as a method of transfer in this digital world, we want like instant gratification. So, we want things to move very quickly, like my words right now. And so, then Ethereum was born, and all of a sudden we go from one transaction every 10 minutes or one block, every 10 minutes, I should say, to seven transactions per second. And so, all of a sudden we had this like, Oh holy, like, we can build really cool stuff and we can transact super quick. And then, Ethereum failed because we got too many transactions happening and it didn’t scale.
00:14:37:02 – 00:15:19:09
Russell LaCour: And so all of a sudden, oh, the technology failed. Now, Ethereum has Layer Two solutions Bitcoin as layer two solutions, but at the base Layer One, they’re still very slow. What trip? What’s a lot of it in a very simple, rudimentary way is that they enabled fast layer one transactions in a parallel, optimistic way. So, think of all the Layer Two solutions being built on is today basically five times faster at the First Layer. So, if at some point we decided like, this isn’t fast enough, you’re better off building layer 2’s on top of the layer one that’s already extremely fast and you are building on top of the layer one that’s very slow.
00:15:19:15 – 00:15:59:17
Russell LaCour: And so, because of the parallel architecture, you have infinite scalability in air quotes, and it follows more of like a production style database. And you’re able to incorporate basically all of the advances in technology that we’ve built over the last 20, 30 years in decentralized databases. Or I should say, decentralized database is the wrong word, but just in databases in general and apply it to decentralized databases, which is Blockchain. So, the guys that are doing this stuff are way beyond me, extremely intelligent. I highly recommend all of them.
00:15:59:22 – 00:16:29:24
Russell LaCour: One of the like, super reasons to make this investment like, really good meme. I highly recommend everyone to look into it as much as you can research a meme is the bell curve, where, like a lot of people, fall in the middle of the IQ spectrum and so they think too hard about it. And then you have like on the far end of the bell curve. You have like a gig, a genius like Galaxy Brain Guy. And then, on the low end you have like, and the good guy just goes, number goes up, so I’ll buy it.
00:16:30:03 – 00:17:25:23
Russell LaCour: The gig a brain guy understands, you know, the Federal Reserve and how and all whatever. And then, everybody in between is like thinking too hard about it. If that makes sense. And so, kind of our low end of the bell curve, so sort up, which is you literally have the biggest guys in Crypto and in the financial world getting into and behind Solana. And so, we’re talking about like, the titans of the financial sphere building on this decentralized database that’s faster than any other decentralized database in production right now. We’ll call it just with that. And it’s a good. All the other things like, I highly recommend researching and looking at. Also, it’s literally a 200 x in the last nine months. So, insane. Yeah.
00:17:26:28 – 00:17:52:04
Richard Carthon: Yeah. Thank you so much for unpacking that and going into that extreme detail and for floating some potential things on the horizon for Fred Tantra, definitely everyone. Go do your own research. Hopefully, that spectrum, so, that made perfect sense to me. If it didn’t make sense, you go back and re listen to it and try to go find that meme because it makes a ton of sense. I’ve definitely been in that middle for a while and I think I’ve just that’s what I needed to like, understand, like, Okay, it’s time.
00:17:52:20 – 00:18:28:07
Russell LaCour: Yeah, I fall into the middle a lot. We talked before. I think the perfect thing to talk about is NAFTA because I was middle of the bell curve on NAFTA for the first nine months, and I have friends that bought Punk super early. I could have bought board games at like, 4,000 and I looked at it and I just didn’t get it. I like, I truly was like, No, why this is a waste of money. And I actually made a bet with my business partner that if he sold his punk for more than 100 days, I’d pay for half his wedding.
00:18:28:14 – 00:18:56:09
Russell LaCour: And so, I’m about half of the wedding right now. And upon that conversation, I had a good conversation with his fiancee and him that made me really understand why. And after his are going to be valuable and our valuable is being said. Devotees are totally in a bubble. Again, be very careful with what you’re buying. But the basis of it is this in a digital world?
00:18:56:18 – 00:19:27:08
Russell LaCour: Well, actually, that’s a throw wide in the physical world. People normally flex by buying something like a Lamborghini or a Ferrari or a nice watch and don’t wear it out in public, so, that people see how cool they are, how much money they have in a digital world. It’s much harder to do. It’s not as cool to take a picture of you sitting on your Lamborghini or like your wrist. It’s kind of like gaudy and cliché versus like your profile picture is a 400,000 dollar Crypto pop.
00:19:27:15 – 00:20:01:12
Russell LaCour: And so, you have this culture of flexing that is a very real thing has always been a very real thing. And now we live in a digital world. So like, let me flex in a digital way and that like, here’s Beyonce actually said that to me. And I think that was his justification for buying the plug in the first place. And it clicked. I was like, Okay, I give it. I don’t get it because like, I would never do that personally, but I get it from a human perspective. I’m like, Oh, Okay, this makes sense. I also saw it like either rocks is a good example.
00:20:01:14 – 00:20:32:13
Russell LaCour: Like, imagine you walk into some dude’s house and he has a picture on his wall and it’s a rock and you’re like, What the hell is that? And he just laughs and he goes, Oh yeah, I spent $2 million on that. And all of a sudden you realize, like, it is a meme, like, it’s literally like, Yeah, I have so much money that I can buy this for $2 million and not even blink an eye. And it’s just like. Of course, some people will do it on ironically, but that’s also kind of the point.
00:20:32:20 – 00:20:57:19
Russell LaCour: So it goes back real quick on that. It’s like it goes back to the idea of the Flex, right? So like, for example, most people, if you have on a hundred thousand million dollar watch, most people aren’t going to have a clue. But for the people that do, it’s like you’re it’s a status. It’s an instant like, Oh, I’m in this class of a different type of people. And it’s like, Oh, if you know, you know, when your end and it’s like, it’s a whole other like flex subcategories.
00:20:57:21 – 00:21:15:02
Russell LaCour: Same way if like, you walked into someone’s house and they had a $2 million Ether rock on their display mantle and you’re like, What is that? And that’s what I was like, Oh my gosh, you have that like, that’s the rewarding feeling of like, Yeah, you know, what’s up? But you know, I mean, like, it’s literally the new age flex.
00:21:16:04 – 00:22:16:02
Richard Carthon: The New Age Flex is a very interesting idea, and one I think the biggest thing that I want to ask through all of this with is like, so we’re at the very core of things where quantitative traders and when we look at NAFTA, there’s a lot of things that stand out quantitatively. But there’s also a lot of things that end up qualitatively. So, the difference being like numbers and like what the price is, how many people are buying it versus what does it look like was the aesthetic of it. And so, understanding these things from a quantitative level, there’s a very real sentiment shift in a few years when you get celebrities behind them. And so, great example today, Steve Harvey changed his profile picture to an NFT. You caused a lot of monkey business. The price of monkey business went up 100 percent within an hour.
00:22:16:16 – 00:22:43:09
Russell LaCour: Wow. We’re not talking about like a small amount we’re talking about like they were at $200 million or they were basically like six to $7,000 this morning per digital picture. And within an hour, they’re trading at $15,000 per digital picture. And so, Okay, it’s literally it’s a picture. And I kind of I was talking with a lot of my clients about this this morning, and it’s like, Look, did it?
00:22:43:20 – 00:23:27:00
Russell LaCour: And I don’t know if you guys have heard about loot, but loot is one of the more hot products happening right now, and it’s literally words on a blank page that describe gear. So, it’s like, the what was the wooden wand of fortitude are selling for? I think the cheapest one is like 20,000 or maybe $30,000 right now. I could be off. But the moral of the story is imagine if you go over to your friend’s house and his four year old just drew a picture and you go, Wow, that’s an amazing picture here. Forty thousand dollars like that. That is not a sustainable thing. It will not last, in my opinion.
00:23:27:18 – 00:23:55:11
Russell LaCour: So be very, very careful if you plan on getting into the NFT space. As far as all of that is concerned, dude, to more than you’re willing to lose. There’s a lot of money to be made if you play the game, but just realize that it is a game someone will be left holding the bag. And if you’re not the guy willing to laugh about spending $2,000,000,000 on a picture of a rock, be very, very careful. Be very careful.
00:23:55:13 – 00:24:33:22
Richard Carthon: No, I think you brought up a lot of good points. One of the points that I want to bring it back to, like real life, is like if you look across traditional types of investments, art has outperformed the market, right? And in the physical sense. So, if you look at the NFT space, even as you look at Crypto, is outperforming the market in just like, an absurd way, like it’s just not even close. And so, a lot of people for when you look at NFTs, it’s like when you first got into Crypto, you couldn’t really fully understand. It can really explain it yet. It’s like that new age of like, learning, looking at the market, a lot of things popping up out of nowhere. They’re not all going to make it. Some aren’t. The ones that do are going to be massive.
00:24:34:00 – 00:25:13:02
Richard Carthon: And like, you have to find projects that are creating value ultimately for their community. Prime example, if you got on the board, Yacht Club bought 40 Block Club, right? They airdropped owners a muted the floor price for all of those, I think at the time was around $17,000. Imagine if you literally got for owning a piece of art someone sold you or gave you this piece of art that you could sell right now for K, clearly just here’s a 17,000 dollar gift. Like, that’s the kind of value that people are creating for community and like. It’s like after you get something like that, a gift like that is brand loyalty right there, right? That is true.
00:25:13:07 – 00:25:27:15
Richard Carthon: Like, creating this hype in this awareness to where people buy into that. I mean, you even look at Visa. They bought a Crypto Punk for like, $140,000. Like, this is truly becoming massive. And then, this is just for everyone that is not in the NFT space.
00:25:27:24 – 00:25:56:13
Richard Carthon: Look into it, pay attention, research. I’m not saying go full, dig in and just buy everything that we’re talking about or what have you. But this is something that you truly should begin to educate yourself on, because if you get in the right project at the right time, it could change your life. I mean, prime example, someone got one of the Aether Rocks and minted it like when it came out, minted it for like point one ETH and then flipped it and sold it for, I think, sold it for like 20.25 years, right? So at the time, very happy.
00:25:57:02 – 00:26:27:29
Richard Carthon: If they would have held on till now, they could have easily sold it for like 250. They are more than that. They would have made like, at least like $700,000 to $1.2 million. Insane, right? So, you just never know, but you have to be able to find like, what makes sense in. Again, a lot of speculative it’s a bubble and a couple of different ways. I mean, and a lot of the markets are right now, but there are some projects that will survive the test of time and the opportunities are too big to not even try, in my opinion.
00:26:28:19 – 00:26:59:21
Russell LaCour: Yeah, I think the biggest thing for a lot of people to understand just because it’s cheap doesn’t make it a good deal. That’s the most important thing. And a lot of like, we see it with bored apes. You see it with punks. The reason they’re so expensive is because of the quality, and just because something is 0.1 or 0.01 doesn’t mean it’s going to go up to 250 just means it’s worth pointing at one. And that’s because nobody wants it.
00:26:59:28 – 00:27:41:25
Russell LaCour: And the reason that people want comics is because they’re OG. The reason people want Ether rocks, it’s original like it is one of the first interviews ever created in the history of the internet. So, if you’re investing in something, if you believe that Ethereum is the future of finance, or that it will run countries the same way that Bitcoin is starting to, then owning a piece of history at the inception of this technology is worth a lot of money that it’s like qualitative and quantitative. Owning a piece that a four year old drew on their day off for a little different. Well, a little tougher.
00:27:42:11 – 00:27:55:16
Russell LaCour: Yeah, you got to be careful. Don’t get me wrong. Lots of money trading them. There’s a lot of ways. It’s like penny stocks almost like it’s going to happen. Yeah, just be careful. That’s my only thing, right in.
00:27:55:18 – 00:28:19:09
Richard Carthon: On that final note that you just said, like for trading, a lot of people think they are traders when they’re really investors. So, if you are coming in from a trader mindset, a lot of opportunity here. We’re speaking to you, figure out how you can get involved. If you are looking at it from an investor standpoint and you still want to get involved, find something you like and that you think will have value over the span of a longer time horizon. So, definitely it was make that distinction.
00:28:19:15 – 00:28:34:02
Richard Carthon: And man, we’ve covered a lot today. Definitely appreciate all of the knowledge. I want to finish up with two fun questions. One being all the noise that you have right now. If you can impart wisdom to yourself when you first got into this Crypto space, what would you tell yourself?
00:28:34:22 – 00:28:55:22
Russell LaCour: Don’t sell. Well, okay, I have the answer that I got in the Crypto in 2011. So like, buy and buy and hold back then and still buy and hold today, but buy and hold quality again. Same thing. Like, I wouldn’t buy a point zero one eve project because I think it’s going to go up a hundred acts like an NFT, but I would buy the protocol it was built on.
00:28:56:04 – 00:29:27:01
Russell LaCour: Like OpenSea doesn’t have the token, but if it did, I would buy an OpenSea token. If I would buy Ethereum, I’d buy Bitcoin, I’d buy Salon. I buy anything that I believe will have a value, another product for everyone to look into that I will shamelessly shill right now is Luda. If you haven’t looked in Luna, it’s a great project. And if you understand the Crypto market, you’ll understand one of the largest growing sectors is stablecoins for a very good reason.
00:29:27:03 – 00:29:58:24
Russell LaCour: You have a lot of places to earn yield on stables, and the world still prices themselves in government Fiat currencies. So, a lot of the bigger players that are getting in today, they just want to earn dollars. You can earn a lot of dollars in Crypto, and stablecoins have become the de facto way to do that. USDC, USD. These are like multi like, tens of billions of dollars in market cap and stablecoins. Luna is a project that incentivizes the holders to actually back the stablecoin.
00:29:59:00 – 00:30:25:27
Russell LaCour: And so, it is one of the first actually probably the first decentralized stablecoin that rewards the holders. So, the idea is imagine if you could go along the market cap of the stablecoin market, that’s effectively what it’s like buying Luna, which is like a no brainer in this environment. All that being said, Luna could fail. There is a systematic risk through a run on the bank.
00:30:26:08 – 00:30:49:17
Russell LaCour: Be very careful. Do the research, though, of the dude running the project is a genius. They have super big backers. Mike Novogratz. A little noise. Things that go right right now. But there are huge investors. Some bigger trading firms are big investors, too because, yeah, imagine being able to go long, stable capital or market cap of stablecoins. It’s a really good thing.
00:30:49:28 – 00:31:16:13
Richard Carthon: Yeah, it’s really not a bad play, especially when bearish times are potentially upon us as we are potentially ending a bullish cycle right now. But it’s a very, very safe space to be, and that’s where a lot of money typically goes into Bitcoin. Your top Cryptos and then stablecoins. So, thank you for putting that on everyone’s horizon again. Thank you for all the knowledge you’ve dropped. What is a final thought that you want to leave with everyone listening here today?
00:31:16:15 – 00:31:42:20
Russell LaCour: Something that Michael Burns said, which is something to keep in mind. We are in the greatest speculative asset bubble of all time, so be very careful, realize that you’re playing a game and the music can stop at any moment. And don’t sell the bottom. That’s not a sell. On the bottom note, that’s a sell the top note. Like, when you get euphoric and you’ve made money and you feel like you’re good, like you can pay for your house and pay for your car.
00:31:42:22 – 00:32:24:15
Russell LaCour: Whatever your goal is, take that money and be happy with it because Crypto can go to 80 percent down. Like, it’s nobody’s business. It literally happened three months ago, so be careful. And I think next time that I hop on your pot and we talk cool stuff, I want to talk more about what, like, what a bubble looks like and realizing that you’re in a bubble, but being able to play the game because that’s what it’s really all about, like allocating money that you can lose, allocating in a way that you can survive, allocating in a way where five years from now, because even if the bubble pops tomorrow, five years from now, the likelihood of it not being higher than it is today is extremely low.
00:32:24:27 – 00:33:00:26
Russell LaCour: Again, these are world changing technologies that are being built. They’re going to be here for the next 100 years. So, investing in them today and losing money next year isn’t a big deal. If you’re investing that way. If you’re putting your entire life into this thing and praying to God that it’s going to go ten times higher and at 10 times higher, you don’t sell and then it goes down 99 percent. Like, I can’t help that, but you know, so okay, make sure you’re taking some profits along the way. If you want to play the long game, do it, but make sure you’re taking some profits along the way.
00:33:00:28 – 00:33:19:13
Richard Carthon: So Russell, I think that’s an amazing final thought. Thanks again. What are ways that people can connect with you and keep learning more about Tantra and obviously everyone listening? You’re going to keep hearing that name a lot. It’s in the show notes. It’s on the website. There’s a million ways that you can find it. But are there any other things that you’d like to plug in at the end today?
00:33:19:26 – 00:33:38:19
Russell LaCour: If you are a trader, follow Joe McCann on Twitter. He’s one of our advisors graded killer trader, and I don’t talk much on Twitter, but you can follow me on Twitter. Feel free to reach out to the website or DM me. I do respond to people and yeah, good luck. Happy bull market.
00:33:39:15 – 00:33:44:19
Richard Carthon: No doubt. Well, again, man, I really appreciate you joining us. And for everyone listening, Stay Crypto Current.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.