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Crypto Coming Back, Charitable Giving, & Titanic Submarine, Ep. #183
In this episode of The Capital Investor, Diamond Hands D, Tony the Tiger, and Cool Hand Luke discuss a range of topics, including cryptocurrency, charitable giving, the recent submersible that explored the Titanic wreckage, recent news about Hunter Biden, gun laws in the US, and the U.S. Open. The hosts start by discussing their recent meals before diving into the world of finance. They discuss the recent surge in cryptocurrency, particularly Bitcoin, and the potential for a spot ETF. They also touch on the decline in charitable giving and the reasons behind it. The conversation takes a turn when they discuss how big money can influence the market and the recent creation of an ETF by Citadel, Fidelity, and Charles Schwab. They explore the possibility of these big institutions trying to influence regulatory bodies and the government to take down smaller players so they can get more market share. The hosts also discuss the impact of inflation on charitable giving and the market. The conversation then shifts to the recent submersible that explored the Titanic wreckage, with the hosts sharing their thoughts on the experience. They discuss the possibility of rescue and military vehicles that could possibly rescue the submersible. The hosts also discuss recent news about Hunter Biden and his apparent slap on the wrist for tax evasion and a federal gun offense. This leads to a discussion on gun laws in the US, with the hosts sharing their opinions on the Second Amendment. The hosts then delve into the recent U.S. Open, discussing the venue at L.A. Country Club, the surrounding area, and the ticket prices. They express disappointment with the club's decision to limit the number of attendees and the overall vibe of the event. Timestamped Chapter Summary 00:00:00 - Introduction00:00:14 - Discussion of recent meals00:00:43 - Discussion of the recent surge in cryptocurrency, particularly Bitcoin, and the potential for a spot ETF00:01:11 - Congratulations to Wyndham Clark on his recent golf win00:01:56 - Discussion of L.A. Country Club00:02:42 - Discussion of the recent decline in charitable giving 00:03:13 - Bitcoin's recent surge and potential ETF00:03:54 - Discussion of the recent submersible that explored the Titanic wreckage00:04:09 - Big money's influence on the market00:04:13 - Creation of an ETF by Citadel, Fidelity, and Charles Schwab00:04:33 - The possibility of big institutions trying to influence regulatory bodies and the government to take down smaller players00:05:05 - Creation of a new crypto exchange platform by Citadel, Fidelity, and Charles Schwab00:06:12 - Big institutions trying to influence regulatory bodies and the government to take down smaller players00:06:49 - The risk of regulation in crypto00:07:20 - The recent run-up in crypto and AI's impact on the market00:07:45 - The hosts' personal investments in crypto00:08:33 - Inflation's impact on the market and charitable giving00:09:12 - U.S. charitable giving falls for the fourth time in 40 years00:10:10 - Discussion of the cost of groceries and inflation's impact on the middle class00:11:02 - The impact of market performance on charitable giving00:11:24 - Asset inflation and its impact on charitable giving 00:12:02 - The difficulty of the Federal Reserve to cool the demand due to the stock prices going up00:12:06 - The possibility of people being more charitably inclined because their assets have gone up00:12:24 - Most people are not more charitably inclined because they have balanced portfolios00:13:05 - Wealth effect and its impact on spending and charitable giving00:13:21 - Inflation's impact on the cost of groceries
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