The case for Bitcoin as one of the world's four most important technologies

Transcript

So we have about four big technologies going to change that's going to change everything. One's quantum computing, AI, robotics, and blockchain. And people see those four as disconnected. They're all connected. None of those can survive without the other ones. >> What's up everybody? It's LG Ducet here and welcome to the Milk Road Show. The daily crypto show that isn't ready to revisit 60K, but if it's going to happen, then just let her rip, baby. Today is June 19th, 2026, recording on June 18th. Listen, we hear from a lot of analysts, investors, and institutional players and founders on this show, but what we rarely get on is an actual author and futurist who's looking way beyond the day-to-day of crypto and deep into the future. Our guest today is here to do just that. Armando Pontoa, author of the future of wealth, the next 50

years of money, power in the age of intelligence, is on with us today to give us a preview of our future lives and even tell us how crypto has been building a platform for that all along. Before we start, also I want to remind you that our analysts are on fire this month. They've made over 30 trades in just the last couple weeks. There's a lot going on, a lot of buying, lots of selling, and a lot of things being added to their watch list and portfolios. All that is in Milkroad Pro. The link is below in the description. Today's episode is brought to you by BitGet Stocks 2.0 with real liquidity, real dividends, Nexo, earn interest, borrow and trade crypto, and couch where your takes finally pay out. Armando, what's up, man? Welcome to Milk Road.

>> How's it going? I'm glad to be here. >> I'm feeling pretty good, man. You know, we we we tr I think what's I'm excited to have you on is because we just look at price every day and it kind of drives me insane, especially for the last 10 months since since I got put into doing this show right as the bare market started just to know a little bit about me. Uh and now you're going to kind of give us a way zoomed out view of this which I think is is always very refreshing um you know for us and our audience on the show. But first before we start man tell us a little bit about you. You're new to the show. Uh you are an author and futurist which I think people really always kind of wonder what that means. So tell us a little bit

about you man. Oh, well so um I started out in software engineering years ago. Um so I wanted to you know I I had a bachelor's in uh software engineering. So I I was uh I was doing that you know doing you know it kind of didn't fulfill me. So I went back to school and they said you know what do you want to study? So I said I want to study software security. So and then they said well you got to choose a graduate degree program. And I said well uh what is it? What are the specialties? And they said well crypto uh software security and cryptography. So I ended up being uh studying cryptography uh in 2009, right? Uh but I didn't discover Bitcoin until a year and a half later. I heard some people in school talking about it and I was like what is this? So I bought

some uh and started try not but really I saw the potential early in 2011 but I saw the wrong potential. I thought it was u I thought that the the potential was integrating it into you know payment systems uh because at that point people saw it as more of a currency. So I I built a business just integrating Bitcoin into websites and uh payment system POS systems uh and and then uh then Bitcoin crashed you know it got up to a thousand and it crashed and I said well you know it's over. So I kind of like I went on and I I learned a lot from finance just messing with around with crypto. So I got into stocks uh worked for a company who algorithmically traded stocks. So I worked for them for a while learned a lot about stocks a lot about how financial markets work. And

then around 2015, Ethereum came out and I saw when I when I first saw Ethereum, I saw how crypto was transforming and I saw a lot of potential. So, I got back into it. I ended up buying a bunch of Ethereum early on. Uh there was a Dow hack that happened shortly after that. I panicked again, got rid of everything. And then about a year later, I saw Ethereum up to $100 and you know, I got in at six, sold at like 30, 40, then I forgot about it for a while. Came and I was like, man, something's happening here. What's going on? Why do I keep giving up too early? So this time I got into it in 2016 and I didn't I didn't quit. But around that time I created a pro a site uh called ICO ranker. That was back during the ICO

craze of 16 and 17. [snorts] >> Uh and it ended up being the third biggest site crypto site in the world during that period. Uh we ended up getting acquired at that point. I had millions of dollars. So I didn't know what to do. You know what else am I going to do with my life? So um I started going online talking about what I've learned over the years and that was stocks, crypto and technology. Those are the three things I've spent my life learning uh and and I started you know talking and people started listening and then uh you know I built uh investment businesses, consulting businesses around that. Uh wrote a couple of books uh and then it just formed into me being a you know a futurist because of those three things. Of course you start with a technology background. I've always been

interested in the future since I was a kid. Back to the future the movie stuff like that. [snorts] Uh, and I started like saying, well, I can build a career on this, but I need to build a structure. So, I started learning about what futurism was, attending conferences. I'm actually going to one next month. And I started building a base on what a f what the uh what the this the study of or the princ the um what the whole, you know, industry and study of futurism. And I started putting my ideas together into a thesis, which I call the power triot. >> Do you fancy yourself an analyst andor a content creator in this space? Well, we want you. Specifically, if you live and breathe tech equities, Milk Road could be the home for you. We're hiring for two positions right now, analyst and

content creator. So, check out the careers page below. >> Wow. Okay. Wow. We I didn't I honestly I didn't even know you were going to have so many like so much OG cred to this. Hold. When you bought Bitcoin in 2011, how much was it? Like three bucks. [laughter] >> Like a hundred bucks. >> The first purchase. is I don't even have track records of it because I had to meet a guy at the dog track. You know, this is how [laughter] crazy Bitcoin was. No, it was no place to buy it online. So, there was a guy on Craigslist that sold it. So, I would find this guy and he would be at the dog track and he'd be playing poker and I had to give him money and he would give me the Bitcoin at, you know, and that's how I got the first one. But, shortly

after Coinbase 20, I think it was 12 or 13 came out. I have I show people this all the time in real life. I have hundreds of transactions. Bitcoin at 20 30, you know, I think it it was $40, $50, $70. I have, well, remember, people don't remember this, but Bitcoin Coinbase was built like PayPal. I have invoices in there where I was paying people for services. And one guy charged me 1.9 Bitcoin for a logo. I still have that invoice. I show people all the time. I'm like, you know how much that is now? And it was a simple logo, you know, just, you know, something he probably been made in Microsoft Word.

But, uh, at the time it was like $150. But [laughter] >> yeah. But now it it's you know that's over that's $120,000 you know but at the time that's they don't have that invoicing service on Coinbase anymore because it's changed to an investor but early on Coinbase was a was like PayPal we send in you know you would they had like snippets where you'd add it into your website and it was everything was around payments back then so it was a different world we didn't see investment potential at least most people until years after. >> Right. That's so funny, man. That's so much like the pizza story, like the 10,000 bitcoins for pizza. You have your own pizza story when it comes to spending bitcoin.

>> Tom, it doesn't it makes sense that he would do that. Like that's why I don't feel like I don't feel bad about the bitcoins I gave away, sold whatever because at the time people did not see it as what it is today. >> It was not an investment. So you didn't think it was going the most the highest price we ever had was a thousand. That was it. >> So uh and back then it was he was even earlier performing. We didn't see it like we see it now. So what we do is we take what we understand about Bitcoin now and apply it to 15 years ago and say the guy was stupid. He he didn't know just like I didn't know. >> Mhm. Was it So was it around that kind of ETH launch time that you you were saying you kind of got back into it? Was

that when you realized that Bitcoin could be was maybe aiming more towards like a store of value beyond just being like your transaction system. >> Yeah. So, so Ethereum when I saw what it was basically a worldwide computer, I I saw the potential of cryptocurrency and I understood where Bitcoin's place was before Bitcoin was just like floating around. It didn't have a purpose. Ethereum uh almost like gave Bitcoin a purpose because Ethereum was the first crypto ever that had a real use case that I could clearly see. Remember, they had Litecoin, all these other stuff, XRP before. I didn't like XRP back then, but I ended up liking it later. But uh now I saw well if Ethereum is this worldwide computer what is Bitcoin's use? I saw it as a store of value at that time.

>> Yeah, that makes a lot of sense. So then so so so bring us to modern day now Armono because you kind of gave us a bit of your your your pivot uh personally career-wise and congrats on on selling that site as well. I'm sure ICOs were were quite the quite the rage at the [laughter] time. >> At the time like we didn't I I didn't know that they were going to fail. I thought that was the the future. But yeah, [laughter] I mean like looking back, you know, what I know now when I'm more mature now, I understood it was going to fail anyway. But I didn't know that back then. So, >> oh, it was it was quite the rage. Um, but let's let's kind of flash forward to modern day uh as you've kind of built your career looking way deeper into the

future. How do you see when you are giving talks, when you're writing books and stuff like that, like what's your pitch for for for Bitcoin and and I guess maybe other cryptos or crypto as a whole being part of the future economy? And this is something too on our show, it's like listen, we have we have a separate AI show that um has been running this year and has definitely given us FOMO uh and also some anger uh for being crypto holders for so long. Uh but obviously, you know, you're here to kind of give it help us zoom out as well and tell us a little bit how they converge. >> So we have about four big technologies going to change uh that's going to change everything. One's uh is quantum computing, AI, uh robotics, and blockchain. And people see those four as disconnected. They're all connected.

It's no uh that none of those can survive without the other ones. Uh and they're going to start, you know, showing, you know, their true colors at real times. You I mean, at different times, right? Is that uh first we're going to see AI. AI is is what's happening right now, right? And you look at AI and you say, well, it's just chatty. That's way it's way bigger than that. It's it's a trans it's a it's a transformation that's happening. That's why we see energy costs going up. That's why we see concerns about water usage. That's why we see uh communities fighting back about data centers. This is a transformation a buildout a AI infrastructure build out a big I'm sorry a a utility build out more or less that bigger than we've ever seen in history.

Uh and then we have what we have to have quantum computing which is coming up that's going to amplify AI that's going to make it to where it's a we get into from a AI which is normal AI that we all know to AGI which is general intelligence which means that most AIs will be able to exceed what average human can do. uh and then we also have robotics. Now robotics now is you know we don't have the batteries and you know we don't have the uh the technology to really massproduce them but those two things AI and quantum computing are going to uh enable the mass production of uh robots which which think just like humans right and then you got to put in that situation we're going to have physical robots we're also going to have virtual agents you know that we already

have now but at at a higher level because they have access to more computation uh and what think about this is that I'm you got robots Right? Remember they can outnumber us 10 to one. So instead of having four billion people on Earth, we have, you know, four 50 billion entities, not humans, but entities. Now, what are they going to transact in? Are they going to use our fiat currency or are they going to use something that's fast that they can understand that's uh divisible, they can do small payments in? They're going to use crypto. So all of these technologies that we see today are all interrelated uh and that they're the foundation of the future economy.

>> So I kind of want to touch on a few points there. What you said that you feel like robotics is going to be a slow build out and yet we know that Tesla is like building Optimus. They've kind of focused they've refocused a lot of their efforts away from cars onto that. It does even from what I see in the timeline it does feel like robotics is something that is kind definitely like the next thing after the current kind of AI bottleneck trade. Is that is that something you're seeing or is that you think that that's still like pretty deep deep and far away? >> I would say I would say quantum computing will probably be next. Uh but a the robotics I think robotics are a little bit farther out. Uh and it's because of battery. It's really not about the technology. It's because of

you know battery [clears throat] technology. We just don't have the battery you know you have to charge every six seven hours. It's you know they have to be smaller than than human size. Uh and there's there's some problems that we still have to get through. So the early adopters will start using robotics in the next few years. you will see them around it and was but it won't be mass adoption for maybe five years maybe a little bit longer uh and you remember there's also resistance there's things in you know society itself resists new technologies that are transform transformational like like robotics so uh that resistance causes the timeline to be a little bit longer than it would have if it was just based purely on technology >> what so tell me about quantum what do you what do you think that's going to look like and do you think it's a threat

to Bitcoin like people have been saying >> I don't I don't think so and I'm going to tell you why is because uh quantum computing for those you don't know have has the power to to hack any uh most Bitcoin wallets especially the the older ones >> uh and the reason why is because uh cryp current cryptography the way that we we secure bank accounts way we secure you know uh communication on Wi-Fi you know everything is based on a cryptography that the cryptography that's that that is only that only uh is basically based on time right is that I can have a any any any encryption we say can be hacked, but it takes so long to do so that it's not worth it, right? It takes billions of years to crack it. If we just had my computer run all day and try every

possible combination, it would figure out any cryptography with enough time. But [snorts] the time is way past our lifetime uh because of the speed of the computer. So the speed of the computer is a limitation. So quantum computers are billions of times faster. So instead of taking a billion years, it may take a couple of days. So now everything that we have including Bitcoin but also bank accounts uh Wi-Fi communication all of that can be hacked very quickly. Uh and now the what we used to protect it which was basically time does not apply anymore. So now you know a lot of things that we we use are at risk. But what we don't understand about technology is people always say well what if X this happened today it would do this. But you

got to remember it t things happen along a timeline, right? And during the time that a innovation like quantum computing is is is being built that has a threat to something in the future, guess what else is being built? The defenses against it. So people don't sit around and allow technologies or anything else to just come, you know, to just come and take over everything and ruin everything. They build defenses against it. That's like right now if I took uh uh let's say a a fighter jet and I gave it back u to the south in the civil war they would win the civil war obviously right but things don't work like that right [laughter] is that amazing visual so we have we have fighter jets we also

have anti- fighter missiles so that's the reason why now it doesn't have any effect but back then it did so it's the same thing with quantum computing by the time quantum computing gets to a point that it can hack wallets, we will have the defense against it. >> Everyone's tokenizing stocks these days, but almost nobody's doing it right. Thin liquidity, prices that drift from the real thing, dividends that just vanish. Bit stocks 2.0 is different. Real NASDAQ and New York Stock [music] Exchange depth through licensed brokers. Prices mapped 1:1, dividends paid to your account in real time. Plus, you get the lowest fees in the market at just 0.04%.

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reserved [music] for loyalty program members. Get started at milkroad.com/nexo. Man, that is honestly I've never heard an analogy like that on this show of comparing [laughter] this comparing [clears throat] you taking a take taking like an F-18 to the Civil War uh and and fighting one side with it. That >> all you need was one, [laughter] you know, in a few missiles, they would end the war. [laughter] >> Oh man, that's a that's a funny visual, man. Um, okay. Let's actually, you know, you know, you're a futurist and this is something where we don't get these kind of takes and this kind of vision very often. So, let's let's dig into this and and and you can kind of paint some pictures for us. Let's start near-term.

Um, we talk a lot about these technologies on on this show and our AI show as well. What's something in 5 years now short-term that we'll be doing with let's say with money and with wealth and investing and everything or it could be anything else or hono like whatever you think is most interesting. What's something that's do you think you think is going to be the most surprising to us? >> I think Bitcoin will be uh in most people's uh retirement accounts. I think that uh some AI is not all will already start using crypto to transact. I think those two things is what we're going to see in the next 5 years.

>> What about outside wealth? Is there anything anything else like any come on? You got to have some kind of flying car theorem or something like that, man. Like some other kind of freak like the robot's going to be doing my laundry or something. uh five years is tight because like I said there's also social attributes that cause you cause technologies not to advance as fast as they could have and I'll give you one good example um is that if you go to the airport right now and you look behind the counter if you look at their software it's like 20 years old >> and the reason and there's better software out here that's faster software but because the airlines spent so much money in building it 20 years ago they refused to move and which makes sense it still works so why move something new

that's slightly faster it's not the benefit's not there. So, and then we also have uh resistance of the the people to change because they have to learn something new and you know so these things cause technologies to advance slower than they would have like if they were just based on uh and and I have something in my book called the shovel paradox that talks about this. It talks about like let's say for example you're in your backyard, right? Let's say you need to dig a hole. Uh and now if the hole is a small hole, you go into the garage, pull a shovel out, you dig that hole out, right? So as the hole as your job gets bigger, let's say you need a hole that's three times as big. Well, a shovel still works. Let's say you need it five times as big. Well, a shovel

still works 10 times as big. You start thinking, well, maybe I need to go go rent a back hole or extra excavator from from Home Depot or something. Uh, but then you say, well, you know, by the time I get over there, figure it all out, rent it out, I could have just done it with the shovel. But sometime the hole can get to a point to where it's it actually makes sense timewise to go rent that machine, >> but you still use the shovel because of the the the friction to go get it and change what you know, learn something new. So all that that that's that's what causes adoption to be slower. It's because it's not because the techn is better or worse. It's because people don't want to go through the friction it takes to to uh to adopt a new technology. Uh and that happens on a

social level, on a civilization level as well. I say 10 years from now, we'll have let's say we'll have at least 10 billion entities using crypto. Uh and not humans, but entities. We have agents, we'll have uh humanoid robotics by 10 years is enough for we to see at least 30% adoption. Uh so you'll start it'll be everyday life for you to see a robot you know robots you know communicating with each other in a language that we may not know. Uh we'll see they'll transact between each other in uh crypto which will cause first of all the addressable market to go up and second of all the uh the demand for these cryptos to go up. That's one thing that I think most crypto people are missing is that they're not projecting out into the future where the world has

changed and uh and market caps don't make now all of a sudden the the Bitcoin market cap can be 10 times higher because there's more entities that are using it, adopting, holding it. >> Man, what you your whole thing about the shovel just describes every weekend for me, man. [laughter] As I be I become I as you know I put down my headset on Friday afternoons and I transform into Home Depot dad. Uh, and I and I explore this exact conflict all the time. [laughter] Just like should do I need to go rent that thing from the hardware store or call a friend or should I just muscle it out by myself. [laughter] >> I even even in my personal life I'm res I'm resistant. I feel like I feel like my professional life I'm way more into new tech. But personally I I totally get

that. Uh, as you're saying um let's let's give me even deeper into the future. Armando again you're a futurist. Your book literally starts with the next 50 years. What is something when we are we are old guys or Armono that we will be absolutely blown away by uh and telling the kids telling the grandkids be like you don't understand what it was like. >> I mean just crypto or everything >> whatever you want man you're a futurist I would give us the big juicy one. >> Quantum computing is a is a change that we you know that's that's big. It's bigger than a lot of people realize.

They say is another type of computer. It's it's most of society's problems are because of this because uh the either the data set is too large for regular computers to go through it all or the computation takes so long based on the speed of our computers. Now uh even something like weather prediction right we can only predict the weather after three or four weeks predict you know uh uh you know consistently uh because we don't have the computers that can model out three four five years uh and and the weather is a closed system we have you know sun coming in but it's you should be I mean you know technically you should be able to figure out the weather for the next 50 years you I should be able to tell what's going to happen a hurricane is going to happen five years from now but our computers are too slow

so quantum computers give unlock that speed so now we can predict five years out where a hurricane's going to be where this is going to happen and we can do weather that that helps with uh food production it helps with planning for events planning for society I mean we a lot of things are going to change but uh what I what I don't think people realize is that it also opens up medical uh discover innovation it [clears throat] opens up life extension that's one that's a big one that I really think is going to happen in our lifetimes if you're under let's say if you're under 50 it's going to happen in your lifetime where uh quantum computing along with AI will figure out ways to extend life maybe indefinitely. uh and and it could be a virtual presence or it could be just you know the ability to change

upgrade your body to a point where you never would die you know the universe has to contract but I mean other than the universe you know you would live forever so that's going to bring up a lot of problems in society about death uh the right to live right to die uh who gets to live you know uh religious religious questions like is it right to live forever >> uh when people choose to die is it a religious answer or a social answer too many people on earth do we have to expand out just that one thing will change everything because uh overpopulation will be forced to move to another planet Mars for example uh so you know I think that that's something that people aren't looking uh uh aren't talking about enough and the other thing

is that I think in the next I say 10 years uh there's going to be emergence of what I call tele and tele is something that a lot of people aren't talking about uh and what I mean by that is that uh we talk about robotics we talk about uh and uh uh Tesla robots walking around. Now uh every technology we've had in the last 30 20 years has been used for crime. Now the the opportunity there is somebody from India could for example uh hack a robot or just take one over or just send it in in a box right and the box gets here robot comes out of the box and starts and robs a bank. Now who's it who who do we blame for that? Is it the person in India which that's international crime? we blame the manufacturer for allowing it.

So, it opens up a whole new world of law and insurance that we haven't seen before. Uh, and like like if your robot like you I have a Tesla robot and it malfunctions and something bad happens, who's at risk? Who's in trouble for who gets in trouble for that? Is it me the owner? Is it Tesla the manufacturer? Is the robot itself uh fault? And who pays that? That's insurance. Now, we need new insurance products. Now, we need new laws. A lot of things are going to change in the next, let's say, 20 to 50 years because these are questions that society hasn't had to answer yet. >> I remember seeing that question even when Tesla's been de developing FSD was that if you're if the Tesla has to decide between like hitting a kid in the street that's just jumped out or driving your car off the road killing you,

what's the choice it makes? Right? And that's, you know, that's what you're kind of predicting, especially once we have robotics and and higher intelligence, like what choices will it make and who will be at fault for those choices because you can't can't really put the robot in jail. I mean, you could, but it's not the not quite the same liability. Uh, so that'll significantly change how we see that. >> That may I want to add to that question because uh I do believe in the next 20 years, robots will at minimum be able to simulate consciousness. M >> now uh the thing about consciousness is that you can't really prove it. Like I don't know if you're cons maybe you're an NPC, maybe I'm NPC. You don't know.

You just can you you can see consciousness you from how I act, how I speak, how I present myself, and you assume that I'm conscious. Right? Now, if a robot can replicate that, [clears throat] >> you know, maybe it's conscious, maybe it's not. But that's going to cause people to fight for robotic rights, maybe blame robots for things, uh it's going to be a division in society for a while as we try to figure out all these questions. You're listening to the Milk Road Show, which means you've got takes, strong ones, I bet. But where do those takes actually go? Do you tweet [music] them into the void, argue them in the group chat, or do you try to express them by buying a stock? The thing is, stocks move on like 50 other things at once. And that's where Cali comes in.

It's a CFTC regulated prediction market [music] where you bet directly on outcomes like Bitcoin hitting 100K, Fed rate cuts, GameStop buying eBay with a clean [music] yes or no. We did a full deep dive on why prediction markets might be crypto's third product market fit moment. Check the show notes for the full report and [music] claim $10 free when you trade $10 on Cali. >> That's a good one. Let's let's let's circle this back before as we're getting kind of towards the last little bit here of the show. Um let's go back to to investing because I feel like this is something where you're giving us a great preview of things to come and you know on our show and and at Milk Road in general, we're always looking at ways to how can we invest in these trends, right? Whether you believe in it short

term or you believe in it long term. Um, a lot of people, like I said, potentially on the sidelines of the current stuff that's going on with AI, but also hearing that, you know, that trade isn't over and that there's this is just the start of this entire buildout. And great to hear from you. Obviously, that crypto is a big part of that. Um, maybe before we get into specific things that you believe in and and again, not investment advice for anybody listening, as you know. What's something that, you know, you've been in the crypto circle since 2011, you've seen crypto go up and down. You clearly study the economy as well. What what are some general like what are your general like investment philosophies or the ways that you view um how you communicate to investors in terms of how they should approach

markets like this especially right now Arando to set the context is like S&P keeps knocking on the door breaking new all-time highs all the time we know these things are being pumped and and just totally juiced. How do we approach a market like this? Yeah, I mean uh the re the it's it's an interesting question because uh I don't think that the market's in a true bubble because if you go let's say everybody compares to the dotcom bubble. Now if you look at the.com bubble [snorts] uh most of that was was propped up by companies that had I mean no revenue at all. They just had some companies only had three or four people and a computer and they had a website you know and that's it and they raised billions of dollars and they were able to go public. But we haven't seen that much with the AI builder. I think

AI is is a like an infrastructure buildout which we don't really have. The closest comparison we have is probably electricity or the railroads. Uh and and we we compare it a lot to the.com boom which is I don't think is a fair comparison. I think it's more compared to the you know bu bigger build even bigger than that because it's a worldwide buildout that requires several layers of of of uh infrastructure. Uh so there could be a retraction because the a lot of the S&P 500 now is hype. Now, hype go gets can get burst, but uh to have a true bubble burst all the way down, you know, 70 80% like we've seen with a lot of uh uh.com bubble companies back then, I don't think that's going to happen. I think that we're misunderstanding what we're seeing. Uh

the average person, which is concerning to me, is that the average I say I would say 70% of people they understand AI to be chat GPT and clawed. That's what they if you say what's AI clbt that's not that's a that's a one application of AI that's very small AI the whole princip uh the whole you know industry of AI is a lot bigger way bigger you know predictive analytics uh we have you know uh decision making at a very high levels uh finance it extends over all across all of civilization uh and that's what I think people don't that's what the misunderstanding is of of of AI just being some kind of hype bubble or being a true bubble. Uh, and like I said, I

think it could be a retraction because of the hype, but I don't think it's I think that would be probably shortlived and it will continue to build out. I don't think we're going to see like in the com everything crashed for literally like seven, eight years. Some of the things didn't come back for 10 years. We won't see that with AI uh because of the uh the type of buildout it is, >> right? Yeah. >> But people should uh back to your original question, I'm sorry. people should invest in uh the the foundations of AI uh and that's power that's comput data and energy. >> Okay. And then so then where does crypto fit into that? Uh so crypto fits in because uh it it is a it's a form of data uh first and second of all is that uh that that we do if we move to a a

completely digital existence which I think will happen. I think that every company on the SP500 will be related to compute data energy some type of way even SpaceX really is. Uh so if we're in that type of world then crypto fits right into it. That's the what we're going to transact in this what stores of uh data is going to be uh paid for in uh and and compute will be paid for in. Now Sam Alman talks about a future in which compute intelligence will be uh turn you'll be able to turn it on and off like a light bulb right let's say for example I need intelligence today so I turn it on in my my whole house or whatever we use it for maybe even businesses they they consume it like electricity and pay uh metered uh payments I think those payments are

going to be in blockchain some kind of you know cryptocurrency bitcoin ethereum maybe even something we uh haven't heard of yet but uh it just makes sense for crypto to be the currency of that age. [clears throat] >> Okay. Now, I have a specific question for you, Armando. You've written a book about the next 50 years. If you had to pick Bitcoin or SpaceX, what would you choose? >> I'd pick Bitcoin. Uh SpaceX is already is valued very high now. Uh but SpaceX, >> they're almost the same. They're almost the same market cap. That's the thing. That's been the joke, at least in the crypto circus, that SpaceX debuts at the same cap as Bitcoin. But give me continue, please. I mean SpaceX uh over 50 years from say you remember SpaceX is a the first uh the first company I've

ever seen that's a civilization level company. Uh and now right now they're putting satellites into orbit and things like remember they're trying to go to Mars and Mars is a huge opportunity especially with the population increase everything we're talking about now if SpaceX is able to get to Mars. Uh now who owns Mars? You know technically they do. I mean uh and then secondly is that like if maybe the the countries get together and say well you can't own Mars who's going to enforce it there's nobody that can get to Mars to enforce if you can't we we know from US history that if we have a group of people that take they come and and take and get get land and they live a life uh we don't they don't like when a foreign entity tells them how to live their life and that's how

America got founded more or less so uh over a long period of time they won't listen to uh earth they'll have their own ways and they'll claim independence. So maybe it'll be SpaceX in I don't know what it'll be in the future, but uh SpaceX will have all the opportunity. That's a that's a trillions and trillions and trillions of dollars worth of value uh down the line. So yeah, I think SpaceX could could absolutely do a lot better over our lifetime. But Bitcoin also can do that or even better because as SpaceX is doing all this stuff, it increases the addressable market for crypto. So Bitcoin will rise alongside of that. Would you go would you go to Mars?

>> No. Uh they probably won't let people my age go because it wouldn't make sense. But [laughter] I think I think the a lot of the plans uh not just Elon Musk other people say you have to send somebody under 40 because it's like a two-year journey and then you have to leave your life there. So it wouldn't make it wouldn't be cost effective to send somebody that was over 40 45. >> But I would go if it wasn't if I was if I was younger. Uh I think it would be a great adventure. >> Right. Um, I want to take a minute at the end too to to to actually talk about your book because you kind of given us a preview of what's in there, but maybe tell us a few more of the details and where people can find it.

>> Uh, right now it's pre-order on Amazon. Uh, it it comes out in October. It could be pushed up. Uh, the publisher is talking about pushing it up. Uh, but you pre-order now. Uh, and it will get you will get it in October hopefully. Uh, but the book is about we've been talking about the future of wealth and it talks about AI, quantum computing, uh, robotics and blockchain. how they're going to build a foundation for the next 50 years of wealth. And it also goes in the it's in three acts, right? The first act is historical talks about where things how things used to be and how that applies what's happening today. The second act is about the power triad in which I talk about how all these technologies was will converge and how people will invest and build wealth based on where where things are going.

The third act is about uh the future where things are going in the next 10 20 30 years. So uh first act talks about how societyy's going to change the first 10 years and the second one talks about the 20 25 years out. The last one talks about 50 years p and then past 50 years how things going to change past a lot of our lifetimes and how uh wealth can be built along those changes. >> This your first book? >> It's my second. First book is strategic millionaire. Uh >> yeah you can get that too. It's on Amazon. It's already available. Uh we released it earlier this year.

>> Right on man. Great. Well Armando, it's been great to have you man. Thank you for all the thoughts. Very exciting stuff. Honestly, I think this is great to to have somebody with this deep deep of a view and who's clearly done the research and and spent a lot of time writing about it. So, thank you, man, for your views and and telling us that crypto is part of it. That's what we wanted to hear. That's what we really wanted today. So, yeah, >> crypto just I just want to say something to the audience is that the things you're seeing with AI and Micron and you see all these companies going up a lot and even me, I'm like, man, I I put a lot of my money in crypto. If I have put it most of it, I did have some, but id just put it all in Nvidia, I'd be way

up. But you have to understand as our time is coming uh these are just building the foundation for an an for crypto to inevitably uh be a big part of what we're seeing. So just uh in crypto in general. So just uh be patient uh and our time will come. >> Thank you Armando. >> Thank you so much. >> Want insights on what's moving crypto markets and how [music] we're trading each event? Subscribe to our channel and join the Milkro Daily and Pro newsletters and start investing like the top [music] 1%. This show is for educational purposes only. Nothing we say is financial advice. Investing is risky.