The Clarity Act is the single most important catalyst for the crypto asset space.💯
What is taking place in this room is historic for the entire asset class.🌐
The rules of the road are being established.📝
Trillions of dollars patiently waiting on the sidelines are watching this moment unfold.💰
Utility tokens will finally rise to dominance as a result of regulatory clarity.☝️
This is the moment holders of infrastructure protocol tokens have been waiting years for.🔑
And I feel nothing but honor and privilege watching all of this unfold in real time.
The financial system doesn’t change because prices move.
The system changes when rules are written to allow new technology to be introduced.🔒
#InsideTheRoom💨
One mistake Africans make when it comes to money is that they do not maintain capital. They earn money and build a house, buy a car, help people in the village, throw parties. They do not keep capital, they do not collaborate with others who have capital. Ownership of capital is how keep wealth over the long run.
If 5 people can jointly field 1bn, they can make more from the 1bn together than if they each had 200m.
Always grow your capital, and collaborate with people who also have capital so you can join deals. And never be greedy - the bigger your capital, the safer your investment target should be.
Work with the same people for long - if you know a retailer who regularly needs 10s of millions for restocking, be their capital provider over years. You too will know the business, and you will have a good sense of how at-risk your capital is. Chasing new ideas is often poor.
Many people have technical knowledge or access, but lack cash to execute - if you see them do it 2-5 times, join them on the 6th time with 10% of their need, then 20%, etc. Try to never cross 30% financing, otherwise you are taking all the risk.
Keep your capital liquid when it is small and lock up in safe, interest producing assets when it is large.
Only ever buy private homes or cars from your interest - your wealth is not your capital, it's your interest.
@iam_commando I hundred percent agree with you..I was saying this to a friend yesterday. There's some sort of unease about him.
Tht ball frm lammens tht nearly got us into trouble was his fault..one minute he was in the right position to receive that ball the next minute his positioning is off
@UTDRivon Sesko is a good striker but he isn't lethal. This types of strikers do not scare defenders
If he had shifted that ball to his left and taken the shot and missed I would have still been impressed but to be lackadaisical with an opportunity like that is Criminal.