4th Of July Trump Accounts Are LIVE. Is Bitcoin NEXT?

Here we have some good news. And again, it's not like the government's uh is perfect. Let's be honest. But I have to tell you, this one was pretty good. Take a listen to this. This is uh only for Americans, but I think this is how things should be done. Take a listen to this. >> Money. Uh well, that's free money. That's that's seed money for the Trump accounts, but I would encourage everyone that with a child 18 or under to open the accounts because many corporations, we've got over 80 corporations that are going to put money into Trump accounts. Uh we've got great philanthropists like Susan and Michael Dell. They're putting 6.25 billion for the young people who live in zip codes in the bottom 80% of the income brackets. That's about $250 per account right there. And then we've got other people. Harold Hamm has adopted Oklahoma. They are Ray Dalio and his foundation have adopted Connecticut. So uh and we think that up to 20 states may also contribute to these Trump accounts. This is a game changer. 38% of American households uh do not own equities. And you know, our goal is to push this out to the teach financial literacy and to bring everyone into the American dream. >> All right. And So that's right there. And you can just tell, I mean that's uh pretty big. 38% do not own equities. They do not own uh stocks. And now here we are. But there is a lot of funds going into this. I know, you know, we've got some people will say, "Hey, you know what? No kid's going to get that money." That's true. No kid is going to get that money until July 4th. That's when this program actually gets kicked off. And why I'm excited about this, first of all, I think it's good for fiscal responsibility and actually to to teach families and to teach kids, you know, how compounding interest works, how you can actually save and actually do things. And of course, you're investing into uh US companies. But also, I think it is also a bigger play underneath. And this has been talked about in a lot of different different areas and spaces. I don't really want to bring it up because it's kind of like on the not the fringe, but it's kind of one of those things where it's like, can this really happen? The current administration has talked about a Bitcoin reserve. This is a clip from roughly May 18th, May 19th. I forgot the exact date itself, but they talk about how the Bitcoin strategic reserve will kind of roll in to what the government is actually doing. And uh they're saying this is like a a new Fort Knox that can actually be quantified and can actually be checked out and audited, unlike the actual Fort Knox, which I'm still waiting on an audit for that one. But if they can do this, and they can put Bitcoin on the balance sheet on the US government, and they're rolling this out for these kids, I mean, and families, to actually invest into US companies, and they want to make Bitcoin the crypto or America the crypto capital of the world, wouldn't it be something if they could do a little bit of investing into both? I know that seems a bit far-fetched, but I mean, hey, it was far-fetched for this administration to even say they're going to do anything with Bitcoin. It was far-fetched for us to even get a spot ETF. It was far far-fetched to get a digital asset treasury when I got in 2017, and here we are right now. So, I just see it as quite interesting and way to go. So, the stipulations are this. If you are a parent, this is something you need to know. This thousand-dollar government seed money is going out. It starts the 4th of July. But it's only for kids born between 2025 and 2028. Apparently, they're going to let this go. It's a lot of money they're rolling out there, but hey, if you haven't had kids, start cranking them out now. Thousand bucks a kid, like a toaster. So, you get one-time treasury contribution. Not too bad. Investment and growth. What are you investing into, and how are they going through this? Because this these numbers here, you're like, okay, wait. It's a maximum contribution of 303,000 by age 18. That's what you're contributing if maximum contribution is made. This is the compounding interest. And by age 28, so essentially you're doing these things for 28 years, it's 1,091,000. I got to tell you a million dollars when I was a kid was a million dollars. It's a lot of money. Now a million dollars, I mean, not chump change, let's be honest, but it doesn't go as far as it used to, that's for sure. So that's if you actually contribute and you're actually able to compound the interest because you keep contributing. If you don't contribute, this is how much you'll have by age 18, this is how much by age 28. This is important to note so that teach the kids like, hey, this is what it is. Also what's a pretty good thing to teach them is like, hey, guess what? There's a thing called the debasement of the dollar. Why is it that 18,000 that you have now, Johnny, now that you're 28 years old, only buys you a Snickers bar? It's because the government keeps debasing the currency, which is another great advantage for you to teach them about Bitcoin. But I digress, getting a little too much into the weeds. So what are they investing in? S&P 500. And those are low fees and 0.1 What is 0.1%? They have historical 10 to 11% annualized returns and if you take a look at the S&P 500 some years are good. Mostly. Some years are not so good. You know, 1931, Great Depression, stuff like that, you know. 30% to 40% 2008, 1937, you know, the Great Recession, that type of thing. But if you can see over here on the right-hand side 0 to 10%, 10 to 20, 20 to 30, 30 to 40, so on and so forth. Historically speaking these numbers that they're talking about could be more than what they say here. Or they could be less, it just depends on if you think that American companies are going to do pretty well. So we've got that. Age treatment. After age 18 for your kids, it turns into a traditional IRA. The growth is tax deferred. Actually, let's go over that real quick cuz that's kind of important. Tax deferred. This is a traditional IRA. If you don't know, traditional IRA, you get the tax break up front. You don't pay taxes on the money until you withdraw it. A Roth IRA, that means you've already been pre-taxed. So, when you withdraw it at 59 and 1/2 years old, you don't pay a dime into taxes. So, for the kids, that's going to work for them. This is a traditional IRA essentially. Now, people might say, "Well, Rob, can I open up a traditional IRA for my kid right now?" You can, but they have to have income. So, you can do that, but you have to show income. They got to actually got to work. Now, there's ways around it. Trust me, I know. But, this just opens it up for the entire American people. So, traditional Roth IRA, and then speaking of which, this is how Peter Thiel made his billions of dollars. Did you know Peter Thiel, I love this article, turned $2,000 in a Roth IRA into $5 billion. How did he do that? Was he just a great investor? No. He put his stock options, believe this was from PayPal, which weren't worth a squat back then, and he rolled it in because you can contribute up to $7,000. And of course, there's the backdoor Roth IRA and stuff like that. But, he put it in there and it just accumulated in there because it was stocks. And then guess what? $5 billion. Guess what he has to pay? Nothing. That's the beauty essentially of a Roth IRA. So, then going back to this right here, growth tax deferred, your $5,000 contributions after tax, tax free basis on withdrawal. And then also, it's very hard to see. I'm sorry about that. But, there's a part here where it says, "$5,000 gifts qualify for annual gift gift tax exclusion." What does this mean? It means you as a parent can give your kid $5,000 and it's tax exempt cuz it's a gift, which means you can roll right in their traditional IRA. And they can let it com- compound and that'll pay for their college or whatever you want them to pay for if there even is college at that point. Who knows with AI. So, just something to think about if you're a parent or a grandparent like myself. Maybe I'll be donating this to my grandkids. Annual contribution to the 5,000 plus your total six, inflation adjusted over 217. And with max contributions by age 18, 303,000. That's if you put in the total, I think it's $5,000, yeah, per year. Or 1 million by age 28. Key advantages, long-term S&P 500 investing, easy family employer gifting, full control and flexible at any age. So, that's the whole thing. And that's for the kids. Now, if you are looking for a Roth IRA, tax deferred like we just talked about, um use what I use. iTrust, right? There's zero capital gains tax. You can trade within your IRA account, no problems whatsoever. There's a number you can call and talk to these guys and they also do custodial services, institution grade, which I actually also use as well. And 24/7 365, you can also do staking for your crypto. You can buy it, stake it, earn rewards on it. Got great reviews. And here's the breakdown for the adults. If you have a Roth IRA, capital gains tax on the 500 with a traditional or a regular exchange in a Roth IRA, you pay zero dollars in taxes. And they just rolled out a program where I got to get his number. Everybody here on Digital Asset News on my channel, you guys get your own live person to talk to and bounce ideas off of. His name is Ryan Rankin. When I get his number directly, I'll let you know. But these are the that you can look into and go from there. And then this will be something interesting to tell your kids and grandkids as well. Compounding interest. Here's investor.gov. Me and Jerry actually took a look at this this weekend as a matter of fact. So how do those are those math numbers mathin'? Which again taking a look over Let me get rid of this. Over here. 303,000 by age 18, 1 million by age 28. Let's take a look at that. So the initial investment is what? $1,000, right? Your monthly contribution, so what's if it's $5,000 a year, it's like four 20? Uh I think it's like 417 or 416, something like that. $417 a month which would equal to about roughly 5,000 a year. Length of time in years 18 estimated interest rate, like we said, it's between 10 and 11. Let's do 10.5%. Variance range, nah, I'll leave it blank. And we'll calculate. So this is for 18 years. Yeah, pretty close. 245,000. I'm sure I missed something in there. But then from 18 to 28 you can contribute even more up to $7,000. So those numbers will be a little bit off, but just to go through this let's say it's 28. It's not going to be perfect. 747,000. Again, that's there's another $2,000 from 18 to 28. So yeah, roughly. Somewhere around there. Again, something good kids kind of go from there. If you are interested in this and you're a parent I linked these two websites in the description. If you got kids after 2025 January 1st, you get a thousand bucks. Congratulations. Here's Trump accounts.gov. And the other other aspect of it, just go to irs.gov Trump accounts. Link in the description, you can check that out. And that's it for this one. Now let's get into the best part of the show. The Q&A and we go from there. All right, what do you guys got? Yeah, so artist says, "And when the next government comes into play, they will close this down." So, they could close that down, but that would be, I think, political suicide. Now, here's the thing. From 2025 to 2028, you have 3 years, right? You give a thousand dollars for it to kids actually born. They could shut it down. They could, but everybody who signs up right now, you will be grandfathered over into it. Now, if they say like this, "Hey, you know what? We don't like the fact that you're going to give your kids traditional IRAs. If you want to do that, go for the for more of the rich people." I would love for another administration to try that. That would be the biggest disaster they could possibly do. Here's a case in point. If in Puerto Rico, we have the act of 1991. And essentially what that states is is that property taxes for your house, apartment, whatever you live, doesn't matter. Uh they are at the levels of 1957 and they don't go up. 1957. So, they are collecting taxes on the valuation of a house, apartment, whatever else from 1957. Now, you ask yourself, "Well, Rob, doesn't Puerto Rico have issues economically?" Yes, they do. Well, wouldn't they disallow that and actually move into and actually change that? Oh, they've tried. Many politicians have tried in Puerto Rico and guess what? Every single one gets shot down and it is political suicide when they try to even talk about it. So, you can do it, you can try it. Good luck with that. That's all I'm saying. Wisdom says, "Thanks, Rob, for not involving my kids in this guy's grifting. It always implodes, just saying about his track record, nothing personal." Why would you do that? So, let's say you got a kid, Wisdom, and you can get a thousand dollars from the government. It goes into a traditional IRA. I I don't know. I mean, I I know people hate Trump. I'm not very particularly happy with him, especially with all the meme coins that he did in the pretty much rug pull he did with the crypto space, but uh you know, if this is here for you, I don't see why not, but everybody's got their thing. No one says that at 18 they'll be able to buy a car. That's better than what I got, man. At 18 for me, it was like, get the hell out or go live on the streets. That's why I joined the army. Let's see. Okay. Alejandro says, "Well, you have to be more than an idiot to believe in anything your government says. Are you blind or just stupid?" Well, then just ignore this whole thing, Alejandro, because it wasn't for you, obviously. Maybe it is true. Maybe when the 4th of July comes, he rug pulls everybody, goes, "Thanks for that thousand dollars, suckers. And now I'm going to go make another building." They won't. Mike's got a good point. Kids 18 years old, they won't be using personal cars. They'll be taking Tesla cyber cabs and drop them off everywhere. I will tell you labor will be in uh in high demand. Unless of course they roll those robots out within 18 years. Wisdom says, "Rob, I I'd rather teach my kids how to trade and invest, just saying." That's the whole point of what we just talked about. And they can make their own decisions. And they can make their own decisions there. You know, for traditional IRA, there's actually different laws and things that you can do to roll that into a small business. And you can take loans out against it. I think this also works against your 401k. Again, laws will be different at that point. But um just be something to do. Or you can just open it up for them and keep in your name. What about China saying they'll soon release a Claude AI replica to the world market for free? What happens then? Well, guess it depends on how much you trust China. All right. That's it for today, everybody. Thanks so much for stopping by. I appreciate it. And uh we'll see you on the next one. Adios.