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0:00:02 – Announcer

Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.

0:00:16 – Daniel Creech

How’s it going out there? It’s Wednesday, April 30th, and you’re listening to the Wall Street Unplugged podcast. April 30th and you’re listening to the Wall Street Unplugged podcast. Normally, Frank Curzio is here behind the mic to break down what’s really moving markets, but Mr Frank Curzio is out and about. Yes, he is conducting boots on the ground research. He is out in Denver, meaning he has at least a mile to fall. Email me who sings that type of song. So I, Daniel Creech, am behind the mic. Great to be here with you.

If Frank were here, I would ask him his thoughts on the NFL draft. Of course we know his beloved Philadelphia Eagles are reigning Super Bowl champions and the draft is a huge deal. It was just. It’s a multi-day thing and I want to ask Frank and I’m even interested in hearing from you, our wonderful subscribers, because I know a lot of sports fans out there. I know there’s a lot of stick to the issues crowd out there as well.

Let me hear from both Daniel@CurzioResearch.com, but I want to know what in the world is going on? What is wrong with the NFL draft and all the drama around it with Saunders quarterback Dan Sanders excuse me, his son out of Colorado, was he projected to go first? Is that what the big deal is? I’m comfortably ignorant with things that I don’t follow, but I can’t wait for Frank to get back to hear about his trip and his thoughts on the NFL draft and surrounding impacts.

What I am going to talk about today, to kick off the program, is this absolute crazy blackout that happened in Spain and in some parts of Portugal. Now, thank goodness, thoughts and prayers to everybody and I know that’s easy to say and it can fall on deaf ears but man, what a time to just stop and realize. Man, we are so blessed and so reliant and take for granted so much that you can just imagine the nervousness, maybe even panic, for lack of better word. Now, reading about this playing Monday morning quarterback, it’s easy to say, oh well, hell, the power was only out for about a day, give or take in some of the longest stretches. But if you’re in an elevator, I mean think of planes, trains, elevators. Planes were grounded, logistics disrupted, trains had passengers stranded.

So listen, I’m a big fan of having some supplies to get through a rough patch. You know you can have a couple, couple days supply of water or food and cans and all that. I’m not a doomsday or a bunker builder, don’t get me wrong, but I understand the concept of having some supplies for a rainy day, power outages and such like that. The crazy thing here is that this wasn’t a storm or a hurricane or anything like that. This was just out of the ordinary. You’re traveling, you’re in elevators, you’re whatever, and boom. So none of those supplies or provisions help you if you’re three and a half hours away on some train, stranded in the middle of you know wherever. So it’s just. It’s kind of a scary situation. It’s great that the power is restored. From what I’m reading, it seems to be back to normal and all you got to do is throw Spain blackout in your Google machine and you can get all kinds of different sources and headlines and stories about that. And the big takeaway here is what I want to discuss and talk about is there’s a lot of back and forth on hey, what caused it and the authorities so far that I have seen through the power generators, regulators and even government officials over in Spain. As of yet now, when I’m recording this on Wednesday, I don’t know that they have a specific answer.

Now some are quick to blame renewables. The Wall Street Journal is reporting and saying listen, Spain was running 60% of their power grid on solar and then about 9% to 10% on wind. Obviously, that’s the vast majority. You have 60%, another 9% or 10%, and that’s a great thing. You guys know I am skeptical when it comes to renewable energy being forced down our throat and burnt taxpayer dollars. Send them to money heaven. That aggravates the crap out of me, but I’m not ready to blame renewables on this. Now there are some people that are quick to do that. Here’s a funny about this is from Zero Hedge, but it was also Climate Depot, which is a anti manmade global warming source. So everybody has an agenda. They are not shy about theirs. This is the Climate Depot, and they are poking fun about a tweet that Spain and the power generators had sent out earlier this month about how one day through the week, the electricity or the grid ran completely on renewables, which is a fantastic feat. Feet. You can say hey look, Spain hits first weekday of 100% renewable power on national grid. That was retweeted on the 28th, because that was around the power.

My point here is, I think the learning situation should be hey, what happened in this situation? How can we prevent it across all grids going forward so we have safe, reliable, abundant power? Because the takeaway and one of the reasons I’m so bullish on energy in general is because you do not have a prosperous nation, you do not have a healthy nation, you do not have a safe nation and you do not have a rich nation without energy abundance, cheap energy, and that is the driving force behind civilization in so many cases and it can get just kind of overlooked, or eh, I don’t want to deal with energy companies or, you know, taken for granted from my standpoint. And so the reason I’m bringing this up and having fun with this is to say I want you to have exposure to the energy sector. Natural gas power. I’ve talked about that a lot, Frank has talked about that a lot, but hopefully this kind of a situation can at least bring this into light. Now power has been restored Again, I’ll update you and see what happens.

But the way I want to think about this is to say listen, if there was strain on the grid because it was reliable too much on renewables. Then we can learn from that and make sure we can build around it or build that into our thesis and consensus for our grid. I’m not ready to blame renewables completely because we’ve had blackouts here in the United States, in the Northeast, decades ago before renewables had any impact or really impact on power generation or the supply side. We also had rolling blackouts across Texas of all places good old Texas here in the United States due to harsh winter weather a couple years ago. So again, I’m not ready to take out and call fun and make fun of the greenies over this. I’m hoping we can use all sources of power for different reasons, as long as it’s economically valuable. I want to rise fun or to try to point out anything with the greenies and such bid or in a bid, excuse me, to curb global warming. So this is the kind of situation where I think is ridiculous and needs to be pointed at, laughed out and laughed at because we go from thinking.

Now, I’m not an expert on the UK. I have a few friends from over there across the pond I hear the weather sucks most of the time. You don’t see the sun very much when I watch some golf tournaments over there. You have to dress for summer and winter, constantly taking clothes off and on rain gear and such like that. I’m not really sure why they’re angry at the sun and trying to block it. I would declare war on the clouds and try to get some more sunshine into that area. What the hell do I know, though, people? Now, if that wasn’t enough and you think I’m just being silly what I could do is also this is the last one I’ll point to here, but we could point to, and I was hoping.

Honestly, I thought the last story I talked about in this one were fake news, and I was hoping that you could email me, daniel@curzioresearch.com, and say listen, you got had by the Internet. Okay, egg on my face, humble pie being served. I’ve checked with GPT, I’ve checked with Grok and the AI lords over us, even the old Google machine, and I still cannot believe. This is from March, which means I’ve sat on this story and not talked about it in great length, and I’m not going to talk about it in great length. I just want to point out the hilariousness here of saving the world by cutting a four-lane Florida highway through the Amazon, the lungs of the world. Good old mother nature. Check this out. This is from straight arrow news. But again, throw it into a Google machine and you can get all kinds of sources from the AP to everybody else. I don’t want you to have it Now.

If you’re a big greenie and you’re upset about this, don’t worry, because they’re on this four lane highway through the most, one of the most beautiful forests there. To keep our planet going, they’re going to put solar powered signs up. You know, help that. The green side. They’re also going to put wildlife crosswalks in. That’s important.

Now I’ve seen these out west here in the United States and they’re cute as hell. I mean, here in Florida you have tortoises crossing, so you got these little signs and these little painted lines on the road. I’ve seen turtles not follow those. I don’t know if we give citations or tickets to those turtles that don’t go through the crosswalks. I’ve seen them all over the road here Warning if you visit or move here, if you so much as scratch a turtle shell or look at them wrong, you could be thrown in jail and beaten. So just understand that. Now the out west, you have big signs with moose and deer and all that kind of stuff, not sure if they follow the rules either. We’ll see how they do here in the Amazon but it’s for economic development and it just so happens that there’s 500 or, excuse me, 50,000 attendees here in November. That’s going to have this huge COP 30 climate summit, with you, guessed it learning how to save the world and tell you and I how to live, with you, guessed it learning how to save the world and tell you and I how to live.

Okay, let’s get on to more impressive things, because I had my fun there ranting about some greeny stuff. Email me, daniel@curzioresearch.com, but to prove that I’m not anti-renewable energy or anything, I just wanted to use this as a transition to talk about power and such, because there is some exciting news and we have earning. Season is upon us here in the US, and one of those companies that I’ve hinted at and I’ve talked a lot about here and we’ll pull up a chart on Finviz is GE Vernova, now spinoff of, and, as you can see from the chart here, it’s essentially trading near levels going back to November of last year, but a lot of volatility spiked to 450, sold off to 250. And now it’s around the 350 ish level. Now these this company just reported earnings recently and they were fantastic in my opinion. And they did warn. Nothing is all rosy. They did warn of three to 400 million charges and tariffs. They were transparent about that.

But what I want to explain to you and joking about the situation and power and green technology and such is that I think you guys, as individual investors, should have exposure to energy, oil and gas. Mainly. Investors should have exposure to energy, oil and gas mainly because it’s the best hedge or bet against silly politicians and policies. In my opinion, from a global standpoint and what I hope, the value that I want to provide and having fun and getting your attention with stories about ridiculousness to then earnings in GE Veranova is because, despite what you hear in the pledges and promises of the elites and elected officials, let’s just look at some data. We’re not getting off of fossil fuels anytime soon, and that’s okay. The world is not ending. You and your family are not going to burn up, okay, don’t worry about that here on planet Earth right now.

Now, the big takeaway here is check out some of these numbers. This is just from the first quarter. Again, they produced a billion dollars in free cash flow. Okay, so paying your bills, forget uncertainty and all that kind of stuff. They produced a billion dollars. They’re going to produce over to between two and two and a half billion dollars this year in cash flows. So for the next three remaining quarters they’re going to produce somewhere between one and one and a half billion dollars. Remember, that’s after paying all your expenses, reinvesting in the future.

These guys have an incredible natural gas turbine business and the reason I want to point this out and tie this all together is we’re not getting off oil and gas anytime soon and natural gas is going to fill the gap between the demand and need for power that we have now and ongoing until other sources, like nuclear or anything else, catch up or get into place on a much more massive scale. We already have a lot of nuclear generation. Of course we’re building that out globally. What the takeaway here is when you look at GE. What the takeaway here is when you look at GE, these guys are already sold out for 2026 to 2027. And they’re looking to take orders going all the way out several years for their natural gas turbines. That’s showing you demand is absolutely through the roof. Now they’re going to look to expand capacity and all that kind of stuff, but there’s only you know you have a limited capacity and you don’t just increase production on these types of products overnight. I mean, these take long periods of time planning, scaling, development, building out all that kind of such.

Now I’m keeping things very elementary for a conversation standpoint. My point is you have a leading company in power generation talking about how their orders are sold out for years ahead and they’re going to be booking orders out next year even further. Okay. So if we look back here at the stock chart, just for some simplicity, market cap is around $100 billion. GE’s back, GE Vernova’s backlog so think future orders to be turned into revenue is larger than its market cap. So again, we have about $100 billion company. As of its previous, as of the end of the first quarter, GE Vernova’s backlog is $123 billion.

I’m simply saying there is strong demand for these and we’re not going to get away from these products or power generations in natural gas anytime soon. And how do you use that as an investor? Well, we’ve talked about this stock a long time here on the podcast. Really, as it’s really started to break out, I would go ahead and start exposure to this company if you want exposure to this sector and this idea, if you believe what I’m saying about natural gas and how it’s not going anywhere, how it needs to be abundant and reliant and how we’re going to continue to look at ways to expand that. And you know the demand is not going away anytime soon. So I would look to start a position in GE Vernova because, like I said, the exposure to the natural gas turbines and such Quickly, if you look at EQT, who just reported solid first quarter earnings, and then you look at some other natural gas plays or natural gas liquid plays think Antero Resources, excuse me or Range Resources, they’re talking about demand for natural gas continuing to be robust and I’m trying to be conservative with my estimates. I don’t want to expect a lot of coal generation plants to just fall off and then you need something to fill that gap of energy, which natural gas is one of the easiest low hanging fruits there. My point is, I’m trying to assume and just say, hey, coal is going to keep firing, but natural gas is still growing because of electrification and everything else, and that is a strong, strong tailwind that I want to make sure you guys are aware of.

Now a couple of companies that are about to report earnings Southern Company, which is a regulated electric utility company. They have exposure to all kinds of things, including nuclear. I love this company. They report on May 1st, as well as Dominion. So SO is the ticker for Southern Dominion is the letter D, just one letter, ticker D. You can see the chart here. And yes, I’m not saying these are immune to volatility or macro scenarios or slowdowns. I’m simply saying over the long term, and when I say over the long term I mean at least a year to three years out from now. So if you buy one of these stocks and you are upset with me a month later or weeks later that it’s down, I apologize, I have egg on my face, blame me. When I’m talking about these stocks other than trades, I’m talking about holding these for at least a year and a half to longer, a year and a half to three years. So Southern longer. A year and a half to three years. So Southern Dominion, they also. Dominion also reports on the first and then on the sixth. We have Duke Energy, which is another regulated utility I’m a fan of. So GE, vernova. We’ve talked a lot about Southern Company, Dominion and Duke. Hopefully that provides some value.

Look at these guys, look at their earning situations, or just tune in here. We’ll update you on these as well, because the power generation, the supply and demand for energy and I know that prices are volatile oil, natural gas are volatile and bouncing around, but I don’t want you to fall for, in my opinion, the lack of a better word lies and promises that politicians make for election purposes. Don’t let that. If you believe that and you want that, that’s fine. I want cleaner everything as well. Just don’t believe it to the point where they’re not being truthful and it’s going to impact you on a financial standpoint, because that’s what this is about here.

Looking at risk rewards, and again, the best bet and hedge against silly politicians and policies and that’s not a Republican or Democrat thing, that’s a political thing is to get great exposure through the best power generating companies, and I just listed a few of you. So a few of those. So put those on your watch list at the very minimum. Add some exposure to those with the plan to add to over time and then set your stops, follow your plans. Remember nobody looks after your finances better than you do. That’s the way it is and that’s the way it should be. Duke Energy All right.

So I think I’ve ranted enough about power. You guys are on my side. Now. You’re probably saying, hey, uncle, I give, I’ll get some exposure to this amazing sector. Let’s move on to something else, and that something else is another huge play in the world of cryptos. Now Frank mentioned this the other day last week on a podcast. He asked me if I’d heard about 21 Capital, which is a combination of Tether, which is one of the largest stable coins.

Cantor Fitzgerald asset management company, formerly headed up by now Secretary of Commerce Howard Lutnick, and then Jack Maulers of Strike, and Frank talked about Jack Maulers, who is a younger man, founder of Strike, which is a payments platform, and I want to pull this up for you here. This is strikeme. This is the Strike website, the Bitcoin and platform payments platform and stuff, and Jack Maulers is a very interesting character. And I’m not trying to convince you of anything here. I’m not trying to get you bullish or bearish on this idea. I’m simply going to explain why I’m excited about this from a macro standpoint, from a cryptocurrency standpoint, but I want to paint the picture for you or explain the environment and how to approach this and give this perspective. Now, last warning here I’m not trying to tell you to be bullish on this company or not. I’m not trying to tell you to like Jack Maulers or not. I’m simply building out the environment here.

Jack Maulers is a Bitcoin maximalist, a all in and then some, and that is not a bad thing. So my point is is that in the filings for 21 Capital and Jack Maulers is going to be CEO he’s going to continue to being CEO of Strike as well as the new 21 Capital, and my point is they are maximalist thinking, they want a new system and they want fiat money to be gone and done away with over time because of its inflationary causes and penalties it does for lower income class people. That’s their words. They want Bitcoin to be the global currency and they’re basically all in on Bitcoin to where they have all their assets in Bitcoin and then they just monetize that in different ways to pay bills, just to live in the fiat money. And I’m telling you all that because you don’t have to buy into that entire idea to benefit from crypto. So you don’t have to be all in or there’s a lot of room in the middle here, and what I want to share with you is that I do respect somebody going all in, or there’s a lot of room in the middle here, and what I want to share with you is that I do respect somebody going all in and then building products and things around that. And so now, Jack Maulers, this strike is an app that you can download and you can buy or sell your Bitcoin, you can transfer Bitcoin, and then it has a lot of other services and products as well. So if you just look at the website here that I have pulled up, you see bill pay, you see payments, you can see sending globally businesses for businesses. How do you own Bitcoin? It’s got a blog and all kinds of things.

Now Jack Mahlers took to Twitter and shared some finances about Strike, because now he’s going to be CEO of 21 Capital and everybody’s going well. What in the world is 21 Capital going to do other than just accumulate and buy Bitcoin so quickly here on Strike? How does Strike make money? Well, you can look here at the frequently asked questions, and I’m just using this as an example. Again, I’m not trying to tell you this is right, wrong or indifferent. I’m giving you the situation. One of the products that Strike offers is Bitcoin. Backed loans is nothing. The beautiful thing about crypto is. It’s nothing new under the sun in the sense of how it’s going to be adopted into finances or used by individuals.

Now, one of the ways Strike can make money is offer products, to give you loans backed by Bitcoin, and then they charge fees just like everybody else would. And again, that’s not good, bad or indifferent. That’s just the way life is. And so here’s a situation where you can take out a loan and the minimum loan is $100,000, and the maximum loan is $2 million and the interest rate, the annual percentage rate, is about 12%. Now, that’s not crazy in today’s world, because if you go to a small business loan or anything like that, you’re probably going to pay around 10, if not more, depending on your credit and all kinds of things. And the point here is that Strike is going to make money off of these loans and interest.

Now, I don’t know how big the book is. This is a private company and they didn’t get into a lot of different details here, but the takeaway here is that you got to appreciate there’s no fees for originating the loan, there’s no fees for early repayment of the loan, and I point those out because there are a lot of fees in other situations, when you’re getting a conventional or regular loan Late payment fee, they give you a 10-day grace period for late payments. They do charge almost a 1% fee if they have to liquidate to, if you get margin called or whatever. Now the point here is just to explain that this Jack Mallers has built a solid, incredible company and, just taking from his word and what he posted on X, I encourage you guys all just to Google it and look at his X feed. But they talk about in last year they did $6 billion in revenue and that was a growth of over 600% year over year. Now that’s absolutely amazing. Now. So you can just say, let’s do the math backwards. They were doing under a billion dollars in total volume and now it has exploded higher. Now that’s partially because you get. Just say let’s do the math backwards. They were doing under a billion dollars in total volume and now it has exploded higher. Now that’s partially because you get more licenses and you’re allowed to move money and you can do business in different jurisdictions in different countries. It’s also because you have this massive pendulum swinging from negative to positive in crypto world here in the United States around the regulatory and legal issues. But a couple more facts here on strike. So $6 billion, that was 600% growth. They have high gross margins of around or over.

Mueller said at times of 85%. Obviously that’s amazing. And then you think he said that they have, they are going to do tens of millions, if not 100 million. So he was saying you know eight figures, nine figures, 10 figures in net profit. Let’s just keep it simple, because he talks about how they have 75 employees at strike and he was talking about doing tens of millions, up to 100 million or a little bit more in net revenue. Let’s just take the number of employees they have. If you’re doing over 6 billion and we’ll see how that holds up in volume terms after such a large growth year. But you have 75 employees, you’re going to do 75 million. That’s a million employee in net profit. That is an amazing business, and so I point that out because Strike is built to open Bitcoin to anybody and everybody and make it a global monetary system.

Other services that Strike offers is that you can live on Bitcoin and they will pay all your bills. They will use stable coins and do what they can. If they need to sell your Bitcoin, they will sell that for you. They will take care of all the taxes and such for you, tax documentation and everything. They will do it all a la carte for you. This is a service to provide and explain. Hey, if you want to live on the Bitcoin platform, this is how you can do it. So products and services are helping those who believe in the ecosystem and want to participate in it. Okay Now, I say all that because now you have a guy in Jack Mallers who’s going to continue running strike and now he’s going to run this 21 Capital.

And 21 Capital has come out with some details and they are pretty impressive from just at a quick glance. So there’s a picture of Jack Mahler’s and what’s going on here is that the right now the CEP is the ticker CEP, Cantor Cantor equity partners. It’s up 11% today. I wouldn’t chase this. I’ll give my opinion on this stock once it starts trading as 21 Capital and all that kind of stuff. Now 21 Capital is going to start out with over $42,000 in Bitcoin on its balance sheet. Now that’s about $4 billion give or take at a $95,000 Bitcoin price. Of course, I know that fluctuates. They’re going to have over $500 million in cash and what they’re going to do they, being 21 Capital, is to serve the demand and institutional demand for Bitcoin and they want to be the go-to capital markets play so much like Strike.

And now I have to opine and go out on a little bit of a limb here because we don’t have hard evidence. So I don’t want to. I don’t want to come across as a. What I’m saying is gospel. There’s only one gospel. What I’m saying is I don’t think it’s a far stretch to think they’re going to build they keep talking about building products and services on and for Bitcoin, so on the Bitcoin network or blockchain, and then to serve others and why? I want you guys all to pay attention to this and again, it’s going to be crazy volatile. If you want to go ahead and buy it, you can have exposure to it. I want to see how this trades once it becomes 21 capital and all that kind of stuff, because I want to see some of these products.

We have a company, and so let’s look at Strategy.com real quick, because a lot of people are saying, hey, is this new 21 Capital, just another strategy play? So strategy is a business development company. They’re a business software company that then leverages its cash flows and balance sheet to buy Bitcoin and you can see they have over 553,000 Bitcoin. That’s at about $52 billion right now. Microstrategy’s market cap is over 100 billion. Okay, so something to think about and watch.

As 21 Capital, you have MicroStrategy or, excuse me, now Strategy who is the poster child for Bitcoin exposure to Bitcoin leverage. Led by Michael Saylor, who does an amazing job of telling the story, microstrategy is trading for about 100% more than its value on Bitcoin. If it’s got 50, I’m rounding it’s got $50 billion in Bitcoin value. The market cap’s 100. So you’re trading at twice the value of your holdings. We’ll see what the CEP, what that XXI, is going to be. The 21 Roman numeral is going to be the symbol when it starts trading. So just kind of keep that in the back of your head.

Hey, what premium to Bitcoin do you want to play or to pay, excuse me, for this new company, depending on what they do, if the valuation just goes sky high and it’s trading for five times the value of its Bitcoin, you may buy it because it’s going for five times the value of its Bitcoin. You may buy it because it’s going to seven times the value of its Bitcoin, but there’s a lot of risk there, and then you want to hear about what its products and services are. I definitely think it’ll do Bitcoin backed loans for institutions. It will do all kinds of different. I’ll be interested to see if it gets into kind of an advisory services business. Is it going to offer ETFs or anything? Or what really does it mean when it says more Bitcoin products?

The tailwind, the massive tailwinds here are showing you that there is demand from institutional money sovereign wealth funds, governments, macro players, family offices, hedge funds, etc. Etc. Etc. And you need to be on a regulated exchange and you need a regulatory environment that is friendly. That’s why the changes at the SEC here in the United States are so powerful. One quick caveat and transition here very quickly to show you that they have competition, which is going to be a good thing.

But I just want to quickly show you that there does seem to be a demand on the institutional side for Bitcoin, bitcoin exposure and cryptocurrencies in general, because this is the blog page from Coinbase, coinbase being the cryptocurrency exchange coin. C-O-I-N is the ticker symbol there, and this is just from a couple days ago, on the 28th of April, talking about how they are launching a Coinbase Bitcoin yield fund. Now this fund is going to try to seek returns of four to 8% net return in Bitcoin per year over a market cycle. That’s a little bit of a nice way of saying don’t buy this product and expect 48% in a given year. Whatever the hell they determine over the market cycle is that’s fine. I’m not taking shots at them. I’m telling individual investors to pay attention. When you see language like that, just do some more research and figure out what they mean by over a market cycle. That way you have your time parameters and your plan. You have as much detail and data going into something beforehand.

The point to this and the reason I bring this up is because you wouldn’t launch something like this unless you thought there was demand for it. Now maybe it’s a failure, maybe it’s a huge success We’ll see about that. But they’re opening this for a billion dollars to get under management and they give a few outliers there. But the takeaway here is they want companies to be able to have exposure to Bitcoin and get returns from Bitcoin that 48% over that cycle without actually having to buy and sell Bitcoin itself. This is a fund, so that doesn’t mean that they’re necessarily going to own that Bitcoin. You’re still going to have to pay taxes on earnings, but it’s different than paying, buying and selling their Bitcoin and that kind of thing.

This is an exciting standpoint. From to get nerdy here for just a moment, this is amazing to watch an asset class grow, become adopted, integrated, merge into the financial ecosystem and essentially, this is just another story of capitalism and success. And, like I said, I’m not a nerd just because I have glasses. I just think that this is amazing because I’m not saying Bitcoin’s going to go to a million and everybody’s going to get rich. I’m simply saying you watch this go from basically a store of value or a hedge or this crazy asset to now it can be used as payments. It can be looked at and wear many hats depending on what people think about it, but it is finite. There is a limited supply, so there’s value there that can be debated on, but now we’re seeing it get integrated again, not just on the payment side, but if you can use it as collateral, if you can loan, you can take loans against it. And so why?

The financialization of Bitcoin is such a powerful movement that I want all individuals and that’s why I think everybody should have exposure to Bitcoin and or cryptocurrencies. At least have Bitcoin, buy through an ETF, buy it by Bitcoin and just hold it and forget about it, or buy crypto related stocks. You can buy your Bitcoin miners. You can buy your Galaxy Digitals that I’ve talked about. But the point is is that, as you see, this asset class just get absorbed into the financial system. That’s a rising tide, lifts all boats mentality Because you have a finite asset. That’s just a new normal. You can get to these higher levels and higher levels of this new normal and I think that’s just absolutely fascinating. One way and an easy way to just monitor this and kind of gauge this is to see how much success you know. Let’s see what these products become and let’s see how much money flows into them, and essentially, it’s just like the wealthy already use strategies like this. So when I say there’s nothing new under the sun, here’s kind of what I mean.

If you think, how in the world do you hold on for deal life? You know the Bitcoiners like say, you buy Bitcoin, you never sell it. Well then, how do you live or realize or get any liquidity out of that? And just like wealthy or rich people right now with their assets, if you have a large stock portfolio and you don’t want to sell them. Realize a gain and give up on that opportunity cost. Because if you sell a stock, then in theory, if that stock goes up, you’re losing the opportunity cost, because if you were still in it, you’d be participating in that. If you sell it and it goes down, you might feel good in the short term because at least you’re not losing more capital, but there’s opportunity cost on that. So what you can do, and what millions of people already do, is you can borrow against your assets for liquidity, for usage and all that kind of stuff, and then you can pay that loan back with market appreciation, different revenues from different sources of income or what have you. And the point is is that it doesn’t matter if that’s if you’re borrowing against your house or a life insurance policy or now Bitcoin, that it doesn’t matter. The financialization is a lot similar and a lot of the same, and you can use that and grow and build wealth upon that. And that is really what is absolutely exciting Florida exciting, if I do say so myself.

Now, with 21 Capital again, you want to look at the valuation, see how much to a premium it’s going to trade on its Bitcoin holdings. But 21 Capital is telling you they’re going to build Bitcoin products. They’re going to focus on being a profitable free cash flow business and then acquire more Bitcoin that could. There is an argument to be made that that could demand a very significant premium to its Bitcoin holdings, if that’s a big, if the products and such are successful. Now, it is not a micro strategy, because it is a completely different business model. It’s going to be for Bitcoin products, but that doesn’t mean that strategy isn’t going to still provide a great value and leverage to Bitcoin, and I just think that this is proof that the pie is big enough. The pie is going to continue to grow. That’s what capitalism teaches you. Wealth is not finite. Wealth can grow and that’s the beauty of capitalism. So we had some fun talking about power GEV excuse me why you should have exposure to regulated utilities, natural gas and oil sector and then shared some exciting breakthroughs from a capitalist standpoint on new and exciting 21 Capital. I want you guys to be familiar with that. Hopefully. I gave you some perspective on Jack Maulers and the mindset behind him and his company Strike its success. And just last thing, this is a completely new system they are trying to build in 21 Capital because they introduced new metrics like Bitcoin per share Forget earnings per share, they don’t care about that and Bitcoin return rate, or BRRRR as they call it, which is the growth of Bitcoin per share.

My point is you don’t have to go all in on Bitcoin. I’m not saying you’re stupid if you do. I’m not saying you’re stupid if you don’t. I’m simply saying there’s a lot of gray area in here and there’s a lot of ways to compound your wealth. For us to make money, the risk reward is in your favor. On the individual investor, in many cases it’s on your side, excuse me, for power, oil and gas and it’s on your side in crypto. Love me, hate me, don’t ignore me. Daniel@CurzioResearch.com that’s Daniel@CurzioResearch.com.

Please tune in tomorrow for Wall Street Unplugged Premium, where I will opine on more market situations. Give a new trading recommendation for our Wall Street Unplugged Premium members. We’ll see you all tomorrow. Until then, have a great rest of the week. Cheers.

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