Hey everyone we kevin here is the ceo and founder of ftx, the crypto exchange, which, by the way, we have a sponsorship with linked down below trying to elon musk, robin hood and vlad. Is the ceo of robin hood. Kinda, like the ceo of twitter, where you got a new boss coming in town, trying to clean some things up. Let's talk about this, but first i'm gon na give you what happened.

Then. I'm gon na give you some of my speculation and some of the things that i see coming based on what ftx has already said. Listen to this sam bankman freed has acquired a 7.6 stock or or um. You know position in robinhood.

Now he acquired this position for approximately an average of 11.52 cents. It looks like this uh took place on april 29th, so it's not like he got today's all-time low. It actually means he was down about almost 30 on his investment, since we did hit an all-time low today in the eight dollar range. So he took a seven point: six percent stake that does require disclosure.

Once you get over five percent uh - and that's that's pretty dang substantial here and so after hours here uh, the stock is obviously up over now 25 percent. He spent 648 million dollars on this saying sandbag from freed has a net worth of somewhere in the neighborhood of uh 20 to 25 million dollars. Although it's possible that the valuation of ftx has compressed a little bit because of the disaster in the crypto market, we know that ftx has very aggressive venture capital funding and with that they are allowed to spend a lot of money on advertising and boosting their crypto Platform, which is actually pretty dang amazing because it includes the trading view, technical analysis features, but what they don't have yet are stocks and options. However, they've already said that they're wanting to get into stocks and options and where's a company that already has the easiest freaking options platform to use, or at least one of the easiest to use.

You know it doesn't give you all the insights to some of the more advanced platforms but where's an easy freaking platform for options and an easy platform for stocks, and also a competitor for crypto. Well robinhood. So now, while sam bakeman free has a 7.6 stake here and we have no expectations, at least at this point i should say there are no rumors that he actually is trying to elon musk, robin hood by squeezing out vlad or the board and the executives and Trying to clean house takeover the whole company may be branded under one deal. That's an entirely possible option for somebody who has a net worth approximately three to three and a half times the actual market.

Cap of robin hood see robin hood. As of the close. Had a market cap of about seven and a half billion dollars remember his net worth is about three and a half times that, and robin hood also has about seven billion dollars of cash free of customer liabilities on their balance sheet, so they're pretty much trading at Book value now some people say: oh, my gosh, you should always buy a company when it's at book value. Yes, that can be a very good investment, but why would wall street trade a company at or below book value? Well, it's because they believe that management is going to take that money and basically light it on fire, meaning if you have improper management or the markets evaluating that management is poor.

Then what do you end up? Having you have a company? That's a negative cash flow, and now your book value or trading at book value is actually more of a risk factor that you could actually be trading for a 20 or 30 premium above book value, because that cash that you think is there could be getting burned At the stake, as you speak right so so that's a very important investment principle to think about. Remember if you want any or all and we're going to talk a little bit more about about this here. But if you want any and all of my perspectives about building wealth and if you ever go aha during some of my videos whatever, like that's a good perspective seriously, i don't know why you haven't taken advantage of the programs and building your wallet down below. Yet i mean beyond the fact that we have a partnership with lowe's that could pretty much get you.

You know you pretty much get the course for free if you ever spend money at lowe's, if you think about it, but anyway, uh like you, may as well check it out check out the programs link down below you know. We've got that coupon code expiring in a few days, so you may as well take advantage of it get lifetime access. So if i, if there's something you don't like or there's something, that's missing that you think is missing. Just ask me in our course member live streams and frequently i'll add new content, simply because people are asking for it, and it's like okay, well i'll, just make a lecture on that.

No problem or i'll make new content because things are changing if things are changing in the market. I'll, add new content so do check that out, link down below but uh yeah. This this acquisition is very, very fascinating because it does uh. Also, you know raise the specter about some kind of partnership between robin hood and ftx.

See one of the things that i've actually personally really liked about. Robinhood is the fact that their their crypto is essentially fee-less. Now i haven't tested it against ftx, and this video is sponsored by ftx, but one of the things that i have done is i've tested, robinhood versus uh. You know voyager digital coinbase coinbase pro almost all of the other crypto platforms, and what i can consistently find is, if you're trying to buy crypto at spot.

Robin hood is pretty solid at that. The problem with that is just like what we saw with the coinbase disclosure if you end up getting any kind of bankruptcy risk at a company, it's entirely possible that your your keys, your private case for your crypto, could be at risk right. Remember not your keys! Not your coin, so that's that's an absolute consideration that uh that you should always think about when it comes to crypto and robin hood uh. Some folks are also saying: hey.

Isn't it interesting that, right after there's a solano uh, you know, partnership announced uh or rather, solana gets listed on robinhood all of a sudden ftx is interested. Well, we got a few more things to say about all of this, but first i got to give you the message and sponsorship message from ftx here it is, but first i want to thank today's sponsor ftx us ftx is the most complete, crypto and finance app Out there, users can buy and sell crypto and nfts with no fees whatsoever, and they also have exciting upcoming products such as stocks in the near future. You've probably heard of ftx through their partnerships with tom brady, steph, curry, coachella or the miami heath stadium, amongst others, or even their founder sam bankman, freed one of the leading entrepreneurs in the space who plans to give away 99 of what he personally makes to charities. I love ftx mostly due to their user experience and they're up to 85 cheaper than competitors, so you get more crypto with each purchase.

In fact, most exchanges charge two to three dollars in minimum fees on every transaction, but with the ftx app you can trade as much as you want all for free. They even offer a crypto friendly debit card, allowing you to spend crypto at millions of merchants worldwide. They also make dollar cost averaging easy with things like recurring, buys and transactions where they can pull money directly from your bank account if you want on a weekly, bi-weekly or monthly basis and invest it for you automatically start trading, crypto and nfts with no fees today By downloading the ftx app with the link down below in the description and use code meet kev to get free crypto on trades over 10 again use the link down below download the app and pop in code meet kev and start trading crypto with no fees. Today.

Now there are a few things to consider here which are kind of wild. First, it's worth noting that robin hood has 21 times the user base. That ftx has ftx has around 1 million users at the end of 2021. Robinhood has around 21 million users at the end of 2021., really fdx polling, an elon musk move here, buying 7.6 percent of hood for about 11.52 cents per share relatively close to that book.

Value easily, potentially either creating a partnership with robinhood to bring stocks and options to ftx or potentially just acquiring. The whole company is kind of a brilliant move because see. Ftx and sam actually have a good reputation. Robin hood does not have the best reputation right now.

So if robin hood disappeared, but that whole platform went over to ftx and sam took over because sam just bought it out, dude he'd, probably two or three x, the value of the company. Now the disclosure, the sec disclosure says that taking control is not the intention of sam, but that's literally the same thing that elon musk said in his disclosure that, oh, we don't have, we don't have the intention of taking over. So you know i always get a little skeptical. When i see that now i mean like it's like wait a minute.

You know it smells like a dog. Okay, yeah sure you don't have the intention, but i kind of think it's a really cool idea like if i were sam i'd, be like man i'll buy the whole company. Remember that during bear markets, that's usually when you see big acquisitions and big moves, so we got like the twitter deal. You got potentially this with ftx.

You know the ceo of coinbase blew off, uh calls to acquire robin hood, you know uh and and again there's there's a a note in the filing that says he has no intention of taking control of the company, but dude intentions can change. It's really important to remember that uh. Also it's uh, oh yeah, i'm sorry! Robin hood is actually up to almost 23 million users by the end of 2021.. Uh, that's uh! That's almost 23x now robinhood on twitter actually responded to this announcement and uh.

They mentioned that they believe their stock is quote uh. Well, they say that we quote. We think our stock is an attractive investment too. We have the best customer base are introducing great new products and we have the team to deliver.

So they say our journey is just beginning and we're doubling down on creating a multi-generational company where customers can build wealth for generations. Now, personally seriously like i'm like dang, i kind of wan na i'm like man, i got ta take another look at robin hood because really ftx takes over. I mean i know this. Video is sponsored by ftx, but i'm not gon na bullcrap y'all dude.

If, if sam takes over robin hood, he could probably two or three x this thing uh, because again reputational difference, bring people back it'll take a few years, because you've got to get people back into trading. We've been in a five month bear market. So it's not like uh to the moon right uh immediately, but uh, i'm optimistic about this and again it's not just because i'm sponsored by ftx. I i think it's kind of a brilliant move, like part of me, is like dang.

I wish i just had like billions of dollars to throw at companies and and buy them up right now, because i do think that now is an opportunity to go shopping. It's an opportunity to go shopping. Our economy is freaking awesome. A disney earnings call was amazing.

I mean no, none, no downside in demand increases in advertising being seen for espn and their other options, or really amazing connections, i'm making between disney and some of the other company investments or other companies that i want to invest in that um that i'm making and So i'll make a separate video on that, but uh look. I i realize. While i say the economy is amazing uh we might actually be a recession and i know that might sound a little like wait, a minute kevin you're, not making a lot of sense here. I think we are in a recession because of comps year over year, comps supply chain issues the trade deficit right, but people are richer than ever before, even with the stock market going down, and i want to know like honestly - i just want to know from y'all Leave me a comment down below okay or find someone else's to upvote or reply to.

Are you richer today? Like is your net worth greater today than it was in january of 2020? Okay, like for a lot of people yeah, we might be down a lot, but a lot of people are also still up a lot uh, unless of course, you just started investing right. Well then, that sucks, but uh point is stemi checks, uh the the weekly stay-at-home pay, where we were getting like what 400 bucks a week to not work, plus your state bonus, that's crazy, so anyway, long and short of it, like i'm really optimistic about this, i Think this is really cool. Uh, hey, look! Okay, maybe maybe ftx doesn't end up doing a full control takeover fine. Maybe they will either way.

This actually makes me bullish for hood uh. I probably not gon na buy anything but uh. I could also change my intentions, who knows? Oh wait course. Members will because i'll send alerts anyway and we'll talk about it.

Probably tomorrow on the course member live stream, we had a great one. Today, ben malo was in our course member live stream, giving advice so uh, not financial advice, but just you know, life advice there you go so folks, thanks. So much for watching we'll see you next time. Bye,.