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🔥 South America's ALPHA on Why This Cycle is Different! w/ Tasso Lago
Recorded: March 27, 2025 Duration: 0:53:40Space Recording
Short Summary
The discussion highlights trends in AI and meme coins, Ethereum's growth in DeFi, and the potential boom in the RWA sector. It also addresses market challenges, the need for innovative business models, and the importance of sustainable investment strategies.
Full Transcription
All right, we're just going through that technical difficulty.
I'm going to send this out to everyone in Twitter.
I hope everyone's doing good.
Pathlow, are you here, brother?
Is trying to.
You listen to me?
Yeah, I'm here.
Can you hear me?
Yeah, my, it's kind of bugged because for me I am kind of a listener, but it's okay since you can hear me.
Yeah, it's, spaces do this sometimes is what it is.
It will just work with it.
So yeah, what we're going to do today for everyone that's listening is we're going to find out more about Tasso.
My audience may know you, your audience will know you.
So kind of cross-pollinating our audiences to get to know who we are both.
And then we're going to look at, you know, the markets, what we think, how to balance
crypto and life.
And, you know, slowly we'll grow this each week.
And we're going to probably talk a lot about things that aren't just crypto because
I think people aren't really that interested in that, especially these days.
Yeah, we'll see who joins us for this one.
And yeah, we'll keep pushing our contents out week by week and get this thing pushing forward.
Yeah.
So people needed to understand what we are doing and let's build something to get the audience some good news, some good content.
So they can be engaged with.
Absolutely.
Like we've both been in OGs in the space.
I see you all the time every year at conferences.
And.
Yeah.
I don't really know that much about you.
So I think it's kind of cool to kind of get to know you better as well because we're going to start doing this more often together and figure out figure out what your flow is when you do your content.
And generally I work in a way where I'm really, you know, trying to give as much alpha to the community as possible.
And I know you're doing the same thing.
But we've approached things a little bit differently.
And I think that's also important to discuss is how we approach it differently, how, where we are in the world, approach things differently as well.
So I'm just going to post this over into one of my communities right now just to see if we can get some of those guys in because there's a bunch of KOLs that I want to try and see if he'll jump in with us.
Yeah, we can do this too. Let me also share with some.
Yeah, so you know what? Let's just jump right in. My name is Coach K. I've been in the crypto for 12 years. I've been an advisor, investor, pretty much done all of it. If you watch me on X, you can see that I have a trading system that's institutional. And Tasso and I just were talking and we're like, let's bring Alpha back to the people. Let's make content more fun for you guys as well.
And there's obviously a humorous part to what I do in the space.
I like to laugh and have a good time.
So there's that side of me and then there's a side of me that's very much about mindset.
And I want to bring that a little bit more into the crypto space,
but how do you be successful before even having success?
And that's what everyone wants to know when they're trying to come up is what do we do?
How do we do it?
How can they do it?
Is it possible and attainable?
And so before we kind of delve into that, maybe Tassel, you can kind of just explain who you are, where you're from, a little bit about yourself just quickly.
And then we'll kind of jump in a little bit more about what's going on with crypto and how we feel about the cycle.
And is it different?
Is it not?
And then try to give everyone listening some alpha as well.
Yeah, so coach, actually I am really happy to be here.
So I am in crypto since 2017.
I am from Brazil.
I have built the biggest ad tech here in Brazil.
So I run the biggest Latin community, Portuguese and Spanish.
We have both languages here.
And I am doing, I am famous here in Brazil and Latin for doing big trades.
So I don't do the trade.
I do some trades that takes four months, three months,
and I can get some heavy multipliers on those trades.
But I am not a high frequency trading.
I am right now in this cycle.
I am buying a lot of AI coins.
And just to jump ahead, my perspective of the cycle is one of the toughest I have ever been since 2017.
Yeah, that's the truth, right?
Like everyone thought they knew what they were doing, you know, understood market cycles.
And then institutions came in and we gave them most of our Bitcoin.
And they kind of took the reins, made ETFs and kind of as everyone was applauding
ETFs and how great it was going to be lost the sight of the fact that.
We got a little bit convoluted this cycle with meme coins and with something that's not real, really.
And it's kind of an interesting cycle from that perspective.
It's also a really interesting cycle because...
The financial markets in general just feel kind of cooked and Trump's trying to solve that.
And it's obviously caused a lot of turmoil and a lot of uncertainty.
We haven't had that much uncertainty in crypto since probably in the world since like 2008.
And yeah, we haven't had a crash yet, but the uncertainty feeling of I don't know what's going to come next.
And we all believe in Bitcoin, but what does it mean for all coins?
It's like, are those going to last?
Or meme coins all going to go to zero?
Yeah.
And so it's been one of those harder cycles, I think, for all of us.
What is your, what is your take on that?
So yeah, I do macro swing trades as well.
I like to close large trades that are open for a long time as well.
But what do you think is so much different this cycle than, you know, our previous cycles that we've been in and gone through?
Yeah, when we talk about my experience in trading,
I have saw some patterns that when the price, they move, moves ahead, they will explode.
And the price is coming and going, is going back a lot of times.
So since last year, since April, we have exploded and then we came back below the previous level.
kind of two times.
So we are still doing some
these zigzag movements.
Probably
Trump has a lot
to do with it because we deposit
a lot of
expectations, anxiety on Trump's election.
And I think Trump is talking and doing good things for crypto.
But this whole war of taxes and all this stuff that he's doing is punishing all the world.
So also the USA, the American people, is not happy because they are in loss.
Yesterday, I was...
saw a video from US local and they were complaining that they were in loss in
losses so they were losing money in the financial market since and it was kind of
the first time since end of 2020 or 23 so they are kind of crying too for us in crypto
We are kind of delayed on our cycle.
You have more cycles than me.
I think you joined it in 2013, right?
So what are you thinking?
This is just our anxiety.
I am just buying what I can buy right now.
I am buying more Ethereum, even though people are not liking that much, some people.
But when I see the KPI's, when I see they dominate.
More than 55% of Defi and the majority of our WA, I think we are good with Ethereum and its ship.
But what are you thinking about it?
So, you know, I've been through multiple cycles and the four-year cycle theory always worked.
The only difference between this cycle and last is we have 100 million coins.
Um, there's there at the top.
I think we're doing about 500,000 coins a day.
Um, obviously most of those were scams that were just in and out with like no liquidity.
But it fragmented the industry and it turned into a casino, right?
It turned into hold Bitcoin and now we're in a casino.
And the problem with that is that you can't get people that are serious investors, that are family offices, etc.
To come in while they're seeing that mainly it's just a meme coin market, right?
And it's like everything took a backseat to that.
And it took so much of the money that would be normally in real projects and put it into meme coins.
So it kind of.
either delayed or stopped the inertia of the cycle going into something real.
Like it started turning into a casino.
And that's where the huge disconnect was.
And then you have now all this uncertainty, obviously politically and culturally and around the world.
There's been a lot of chaos and a lot of anger.
And it feels like people just don't have any money because everything just got so expensive.
And the things that Trump is doing is a short-term way to get us back on track.
And the way to do that is to stop blowing money on stuff that's bullshit.
And it's to drain the swamp of these bad actors.
And on.
On top of that, not only is it to drain the swambo, these guys, it's to basically say,
we're going to do everything to cut rates so that we have more capital, we have more liquidity again,
because liquidity is stuck in crypto right now.
We have hundreds of billions of dollars are basically stuck.
investing schedules that are continually getting dumped.
So those hundreds of millions might not only hundreds of billions could be end up being worth
five or 10 billion by the time those things best because of the way the market is.
Now the real big players that have revenue government contracts, etc.
They will accelerate and do well.
And I think that now it's a time where we're maturing as a market.
And it's giving that opportunity.
And whatever Trump's doing right now will lower prices.
People will have a little bit more money.
Rates will get cut.
They'll have a little bit more money because of that every month.
And because you put more money into people's hands, you cut Dodge,
maybe you give certain types of relief paychecks from that Dodge, not all of it,
but some of it to the lower, like the people that are in the higher,
like in that lower tax bracket that can't really afford things.
Give them a little bit of capital to start off.
you can restart and re-boost the economy which is what we saw with covid so i think it's just
more of a play for a shorter amount of time which could be three or six months but then once that's
all done and everything kind of aligns then things are going to pump and that's why trump says you're
going to have so much money blah blah right now it sucks but in the long term if everything works
that he's doing it will create a lot of liquidity it will create a lot of extra capital for everybody
and things will start to go back up and if he's bringing all this money back to america
I think that's also very good because Americans are really a big chunk of this market.
They have a lot of capital and they have a lot of capital that's sitting on the sidelines from the VCs and the family office side as well as Asia, probably as well on your side.
And so everyone's kind of on a holding pattern.
I'm talking to people are like, we want to know who to give money to actually understands the industry and what you should put your money into.
So they're definitely looking at it.
And it's definitely.
something that I think will grow again.
But it's more of a,
we need to see a real market come back
and then people to focus on real products
and real services and things that generate revenue
and some of that revenue going back in the token.
So there's some type of cyclical cycle
that can actually make sense.
And that's why we're at we're at.
So the different cycle completely, we just didn't have what we have this like.
We didn't have 800 blockchains doing meme coins on all of them.
And just all this money has been pushed into all these different places.
But there's not really much more money this cycle than there was at the top of last cycle yet.
So that's the thing.
And then when you look at the numbers based off of that and you go to Bitcoin, Bitcoin's
holding more value right now than it's ever held at this part of the cycle because all those
things were pretty scummy.
Let's be honest.
Now it's about figuring that out.
And like I called it a dot-com bubble about like two months, three months ago.
I posted, I think we're in a dot-com bubble because we just have too much garbage that's
not real and it's, you know, it needed to kind of wash itself out and you needed to restart
again and find the Amazon's and the Facebooks and the stuff that the stock market did
when we had the internet boom.
So yeah, I guess that's my take.
I don't know what your take is on it from that perspective.
Yeah, my perspective regarding this, he regarding USA, I think Trump is messing around to get better deals for US.
So he's kind of, okay, I'll tax you in 50%.
I am really angry of what you are doing with USA.
And then one more later, two weeks later, he would say, okay, let's get into a common ground.
Let's do a...
schedule where it's positive for both of us.
So he has just arrived this year to set up new deals.
And I think he's playing the bad club right now to get better deals for US and he has the power.
I think the US people were missing power because Biden was too easy going, was too slow.
and to not empowered for this.
And so Trump is trying to get more attention from US also.
And then in the midterm, we will have the rate cuts.
And on my perspective, this cycle will be longer than the other ones.
Because if we saw only the halving, we were supposed to,
This cycle was supposed to be a bull run until October, November maximum.
And then we are seeing some rate cuts mid of this year and also one in the end of the year and others.
In the next year, also the.
M2 liquidity is going up again.
The power just said on their last meeting that they would slow,
they would reduce the quantitative tightening,
and they will do the quantitative easing along the way.
So if we have the key and then the rate cuts and then the halving,
this cycle, I think we'll have at 20, 26.
a very good year for us.
And also a lot of adoption,
the institutions, they are coming back,
that they are arriving at the market.
So I have, I am close to some projects that we have invested
because we were together on a few ICO deals on private sales and all the stuff.
So I am close to some good projects.
So they are saying that the institutional money is flowing in a lot.
everyone from funds from the institutional market, some big players, they are wanting to talk with crypto.
And they say that U.S. environment is very powerful right now.
So this is my main point. I never go more to U.S. for conference, but I am thinking about going to some conference in U.S. this year to see
if I find something new there.
But as far as we are here, Asia was the best place to be
regarding crypto.
And Michael, conception of these memicoins of these things,
when we were in the last year that a lot of influencers also pushed some
miniccoins and it was the mini coin super cycle.
I did not agree with it because it is kind of a short-term thing because it's just you are making fun or something or creating a small engagement in something.
But if the Memecoin doesn't build some products, some service like Shiba is doing, for example, the Mimcoins will die.
So I don't have Mimicoins.
I traded only some Mimbi coins.
I didn't make money with the Mimbi coins super cycle.
I saw the pump from craziness.
For me, this was the main thing, the pump fund.
The pump fund where you could create your own Mimicoin with one click, the...
They pushed all the liquidity into Memecoins and you said that,
okay, we have to find some new Facebook, Amazon's.
And then all these projects, they are suffering a lot because there is no attention for them.
But in the end,
I am really paying attention to projects that they are focusing on generating revenue.
Real money is coming in.
So this is my main thesis, see who is building something and see the numbers of it.
What do you think about it?
Yeah.
You know what's really interesting about meme coins that I find is it's like a really, really short term narrative.
Something funny happens.
You make a meme coin.
People think it's funny.
They push money into it.
It goes to a certain point.
And then that pump is done.
Then it's just dump city forever.
You know, people are trying to figure out the way to do it in a way that, you know,
will give you longevity.
But really, it's just about.
you know, it's just about the fact that there needs to be something behind it for you to like
sit there and go, I'm going to hold this as it's dropping.
Like people are just going to go to the new narrative, the new funny meme and that's what
happened.
It's like money went from here to there to there and the people who are fastest who knew one
and 99% of people other than that got wrecked.
And so I think now people are going to start looking at if we get institutional money, they're
going to look at real projects that have higher market caps that have fully diluted supplies.
that are doing something that actually generates revenue.
And those projects should pump five or 10x and they have high market caps already.
But those will be places where you can be safe and comfortable.
We need to get rid of this.
I need to do a thousand X mindset because your chances of actually doing it with significant
capital is very, very small.
There's not enough liquidity to actually make real money.
If you're trying to make like hundreds of thousands or millions of dollars,
And the only place you can really do that is in something that's more of a high cap that has real stuff built behind it.
Or it generates revenue from whatever it is, if it's defy or it's exchange tokens.
Like something has to be behind them.
That's why Binance coined us so well because they got Binance behind it.
And so, yeah, moving on, I think like we should talk about narratives.
Now, yeah.
we saw AI go off my personal opinion is that robotics at some point are it's going to go off
that's going to probably be one of our next narratives because we're seeing how much that's
progressing that has to do with as well AI I do think and I've been saying this on a couple other
streams that we are likely going to see a defy summer this summer
it's likely to happen.
If funds are looking to,
institutions are looking to get in,
they're happy with three to five percent every quarter, right?
And you can kind of do that in defy without taking massive amounts of risk,
You know, and you can do that across multiple protocols that have been established and have lots of TVL already.
So I think that that's going to grow again.
That should lead institutions in who want to make 10, 15% a year.
And then we're going to start to see with that flow in where ETH will start to go up,
Solana will start to go up depending on which chain these are on.
And that will bring liquidity to those, which will then create more liquidity as well as restaking.
So that could be a few of the narratives that I'm seeing.
I do think everyone's waiting for Gunzilla.
I think if there's other games like Godzilla.
I miss that Godzilla.
I do not invest in.
Well, the good thing is they have 0% TGE for anyone but a few KOLs with a small round.
So basically...
That one could be a very profitable one for retail
because there's no tokens launching with private sales VCs
to be able to dump on anyone.
So it could give a narrative of retail feeling friendly,
like a friendly place to go and get involved,
as well as they see a real game that makes real money already
and that the token onics that we made
I was part of those discussions with the team as an advisor.
And it's like, we made it so that if we make a billion dollars,
and that's after everything, we're going to take $300 million of that.
And it's going to go to rewards for nodes.
It's going to go to buyback and burn.
It's going to go to a real reason to hold a token in the first place, right?
It's going to have some type of cyclical flow.
And obviously, games have a five to 10 year life cycle.
So my few narratives that I'll get back to is,
AI, I think, will come back, but not all AI, real AI, stuff that's doing something with
crypto that actually needs to exist.
That's also another thing product market fit for those.
And then robotics, I think that'll come out of nowhere and just start becoming a bigger
thing alongside the AI.
And then Defi likely was going to come back strong at some points in summer probably.
And I do think we could have a summer pump, which no one's expecting.
I'm looking at those three and then maybe gaming if Godzilla launches by summer,
that that could also be one of the things that brings a lot of eyeballs back to crypto,
especially if it does really well.
So I do agree when you said about not how the AI will come back only with the only ones that they have the product market fit.
Because in the last year, in the end of the year, we saw every single product of AI pumping because it was the meta.
And then now that the market is low, everyone is thinking.
a lot of things that were pumping, they did not work creating something good.
It was just another AI agent, a simple AI agent.
So where I can see that people are building a lot,
for example, some projects that I like cookie,
is doing a great job, a lot of speed in developing new features and also attracting users and getting attention.
Cookies doing a huge job, I think they will grow a lot and I think they are cheap.
AI 16 I think they have a good pump anomics.
Because when you create an token agent under their infra, the DAO gets some tokens too.
So when the boom market is pumping, the attention will be crazy.
And a lot of new tokens will be created under the infra.
So the DAO will explode in TVL.
So I think this snowball inside AI 16 is better than virtual to be honest.
But this is pumpenomics.
I'm not saying it's kind of better tech, better project.
I am saying that the tokenomics of AI16 is created for the pump.
And all the ones that I am looking into AI,
Edwin, that is a small coin, 5 million FDVs too early,
and some other stuff. But I think AI, robotics, I have only Alki. I don't know if you heard of them.
Defi for sure, because in last cycle was the cycle of Defy.
And then the SEC, after the cycle, was jumping into the project and suing them.
And was asking questions, was,
making threat and then all the defy it went down and now the first thing that
Trump did when he joined the presidency is
is scaling down, getting sacked far from crypto, and making it more friendly.
So if we are seeing some more friendly outlook for crypto, for sure, the laws and all the things that are being created will jump into the fight.
The money will jump into the fire and the money will become cheaper because defy is the global bank.
The fight is for a Brazilian because here in Brazil, we pay kind of the normal people pay for 5% plus monthly on yield rates.
So in year, kind of 60%, 50% if you are getting a low one.
So Brazilians and all the Latin people and all the weak currencies, they pay a lot of
of debts created by expensive money.
So defy is for extent the global bank is to integrate all the economies because when we are paying a lot of
yield rates for the banks, a lot of high rates for the banks.
We have some people from Switzerland, from Europe, having zero yields to invest.
Because they were kind of in the past, they were kind of paying to get money stopped into the banks.
And now maybe the yield is kind of 0.something, 1% mostly in some places.
So we have this gap between the money.
And I think Defy is solving it and we'll solve it.
And also, we have to get a better U.X.
Yeah.
for normal people that is working daily,
they could just invest into dollars from other countries,
like Brazil, like Colombia, like Peru.
So I am building an app that is going to onboard these users from weak countries
to invest into strong currencies.
This is my main goal here.
I am building also a web 3-1.
So just to close your question, AI, defy, and I am watching BTC-Fi.
To be honest, I am watching BTC-Fi.
I have some core.
I have some stacks.
So, Merlin, I have invested in Bitlayer, B-squared, B-EV-M.
What do you think about it?
Honestly, the Bitcoin ecosystem, you know, it's had a lot of challenges.
And I think it was really over pumped at the start of the cycle.
So everyone got a little bit too excited, not realizing that like you're going backwards when it comes to where we're at with most of the other chains.
Like.
a lot of the stuff that was built on eath is far superior to where they're at right now unless
they are on eath using bitcoin but anything directly on bitcoin right now like it's going to take
time for them to develop it and make it proper like there's there's definitely issues with runes
there's definitely issues um you know with
with a lot of how you know order and oils etc of how to trade them it's kind of not really ideal
i guess you could say but i think that people eventually are going to start looking at how do i make
more bitcoin on my bitcoin how do i uh you know earn capital from that and i think defy in bitcoin
could do really really well again it comes down to can they generate enough yield to make it
worth it and how do they do that
But if we could get to the point where, and like if you're a maxi, this would be your ideal situation is if we can get to the point where we don't need all these other chains and we just need Bitcoin as the underlying asset and that's it.
It'd be great.
I don't know if that's good for innovation personally, but I think.
less opportunities, less chains,
less like crazy amounts of tokens and stuff
to invest into is a bigger opportunity
than having too many chains
and not enough money to spread around.
And actually what it comes down to is now
I don't even invest in some chains
because no matter how good the product is,
I just can't keep up with the amount of wallets
that I have, the amount of stuff on different chains.
It's really hard to see things in a clear way.
So I think we need to figure out
how to make things a little bit more simple
like you were saying, and maybe divert attention away
from things that are average and start focusing on,
like I said, the fan stocks of crypto,
because we only really need like three to five,
projects, three to five blockchains in every sector.
And other than that, you won't really need them.
So if we hold it in a lot more and we still had meme coins and stuff in the back end for like penny stock style.
And we really had like that Fortune 500 type of thing in crypto, then it'd be much easier, but a lot, much easier to invest a lot harder to make a lot of money.
But I think that's kind of what we need and that's maturity of the market.
Maybe you won't do 100x, but if you do 5x every cycle, you'll be okay.
And, you know, people stop thinking about from a greed perspective of a casino and start thinking like, I'm investing in this because it's a valuable project that people actually, you know, like Apple, people use Apple products all the time.
So we need what is the Apple of crypto?
What are people always using crypto?
When you ask most people, to be honest, they only use crypto for a minute.
No one else uses it for anything else, really.
They don't really care about the game stuff.
They don't really care about NFTs.
They really don't care to use crypto other than defy and remittance.
That's pretty much where most of the assets are, which is why stable coins are so big,
which is why the focus on stable coin yields is big.
So we're kind of got away from the way we used to do crypto, which was Bitcoin, earn more Bitcoin, stack sats.
Now it's stack US dollars, stable coin focus, fable coin bill.
So it's a little, it is different.
The cycle has been very much different.
And the real question I have for you, and like I ask myself this question, because I haven't invested in anything in almost a year, is how do you pick your crypto projects moving forward?
You know, what are the things that you're looking for in a project?
Because now it's got the point where I feel like almost everything's been built and really need to find stuff that's brand new with a crazy cool model that makes sense that we can see there's a path to actual holding a token because it's going to make us money in the long term.
you know, what's going to be the next type of Solana type of investment where if you bought it and held it till today, you're still up multiple, multiple multiples X's.
So yeah, let me know what you think is the way you're going to do it. How are you approaching it?
Sure.
And I'll do my take on that after.
Yeah.
Yeah.
I don't see like that when you talk about blockchains because I see that some blockchains,
they are really designed for some sectors and some they are not.
Unless in the long term, we can see some projects to build a blockchain as a service and incubate all the blockchains,
or the chain abstraction works perfectly.
I think the best way is the chain abstraction.
at this moment. So I have invested in some projects that are doing chain abstraction.
And I think that the connection between the monies from the blockchains is a big issue for this cycle to be solved.
You said the next sector, the new Solana, when you said that, I just remembered about Plum.
Plum is a new layer one for RWA that is doing a good job and this sector is growing a lot, exploding.
And also Plum is competing with Ondo and Mantra.
And Plum is only at 1.7, 1.8 billion right now, Mantra and 8.
eight eight up to 16 I think or plus billion so I think when you take a look at the money inflow at this at this sector you see that the money is starting to inflow now because last year we just on boarded Black Rock and he's the mother father of all the tokenized assets
So I think this sector will draw, will gain a lot of traction in this cycle.
Also, a new project that is getting traction in this sector is ZKSync.
They are top two right now and no one is talking about it.
So it's kind of an alpha here for sure, ZKC can bloom.
And they are building a lot.
They are gaining a lot of traction in the sector and no one is saying.
And when you see this sector, Solana has no money in it,
has kind of one person, two to person.
So the main thing is,
on my perspective, the Solana was a good plan.
I think it can grow along the cycle.
It's important to onboard new users,
but the real money is flowing into Ethereum and also for AirWA.
So this sector for me will grow.
And just to close the question, when you, when I'm looking into a project, I want to see utility,
I want to see revenue, I want to see when they will create real money from it.
If I don't see, okay, this token is only for staking, this token is only for voting.
I don't touch, to be honest, it's kind of like this.
Worshits.
Even Vitalik said governance is not a use case.
It's just, it's not.
Yes, it's just a bullshit.
So you're saying that you're talking,
have some utilities and you have not.
And so I also, since I am trading,
I am looking into the market to see where the money is in right now.
So if you take a look at the crypto market,
The money and the attention is still under AI, to be honest.
The volatility is bigger.
We have some pumps and games, but we are kind of lazy.
So the market is not good right now.
Nothing is happening.
So this is a painful cycle because I don't know how you were in the last year,
kind of December or in the beginning of this year.
But I was kind of...
euphoric, anxious to see what was going on because I am into crypto since 2017.
All my money is into crypto.
So I was kind of anxious to see everything becoming a reality.
And then Trump joined it and was bullshit.
So how were you this year and how you are approaching new projects to invest?
So like I said, I haven't invested in almost anything.
I've done some OTCEs over the counter deals with tokens that are fully invested out there.
And that also hasn't been the best idea.
because those also have besting schedules.
And so what I started to learn last cycle was this cycle wasn't going to put too much into new projects.
So I only allocated 10% of my total net worth that I would trade or use in crypto into new projects.
And the rest of it, I focused on fully vested.
large cap tokens in the top 250 that I thought had some viability for the long term, you know,
trying to pick a good stack of those.
I got into all the AI coins super early, like the big ones, the fetch, the, what is it,
singularity?
What was the other one?
There's fetch and that and ocean that were like combined.
I got into all three of those.
You know, so I made 20 Xs on fetch and, and, you know, these guys in Ocean, I made like a 6x.
The thing is, is like no one sold all their tokens at the high because no one expected that to be the end of the cycle.
It was like usually you're supposed to hold a little longer in your third or fourth cycle because you're more patient.
And actually, if you've gone back to your first cycle or you're selling things more aggressively, that that was the winners of this cycle to be straightforward and honest.
And now I'm looking at, okay, here's the model I look at.
And I look at everything from numbers because numbers are much more important than
whatever anyone tells you they're doing.
If your numbers do something like this, like I have a product or service, great.
Do you solve a problem?
Yes or no.
Yeah, you solve a problem.
What is the problem you solve?
Okay, cool.
How are you solving this problem and how does it benefit a token?
Do you need a token?
Oh, you don't need a token.
Okay, well, then that's pointless.
Oh, you need a token.
Great.
What do you need the token for?
How are you going to make money with the token?
How much of this revenue is projected that you could make in a year if you got some traction?
And then after all those questions, how much money of that?
I'm going to.
stack that you're thinking if it's 30 mil or 50 million your first year or two years,
how much of that money goes back into the token itself so that it creates a sustainable,
a sustainable thing like just like a company like Apple would have,
you know,
where you can you give people a reason to actually hold it because there's not just bullshit.
And so...
Honestly, I've met with thousands of teams in crypto.
And if I go back to last cycle and the cycle before and I look at and add how to ask the
questions I ask now, I probably would have invested in like 30, maybe 40 projects, not 300.
And that's what I learned.
Everyone has to learn by failing and my failures have taught me way more than my successes in crypto.
When I'm lucky and gotten the right project or I work with the right project,
build it and help the project launch and add the right people in the team and all that kind of stuff.
And then we launch and it does really, really well.
That's really fun.
But reality is, is like, I'm trying to look for now to realize, oh, my God, I'll go back and look at what I was investing into and ask these questions.
I'm like, why didn't I ask these questions?
Because I had to fail to understand what I understand now, which is why in that old, you know, taught, that old tale of the guys keeps hiring another mechanic and then the.
The fifth mechanic comes and he taps the hammer off that one spot in the boat and the boat turns on and he charges in 20 grand.
You're paying people for the experience.
There's not many people that have done a lot hands on in the space.
A lot of us made money in the space, but not many people have actually done anything.
seeing how you actually build it and what you need to do and all the different complexities and when you get to where i'm at now when i invest in a project now when i invest my time it's really because i believe in it otherwise i'm wasting my time because i can't convince people anymore because i used to believe in this shit and then the stuff that i realized i don't believe in is because it wasn't real i believe in stuff now when i'm talking about it that actually has a longevity
And so that's what I look for.
And if you don't have revenue and you don't have a problem you're solving, it's totally
wasted my time to spend an hour on a call going through your bullshit deck because you don't
even know why you're doing it.
You don't have a reason to.
So that's where I would leave the crypto projects moving forward.
Tokonomics, tokenomics, tokenomics, and not just looking at who's getting what and how
much the tokens cost per round, but really does the token have an economic background, which is
what the token economics is about.
Now, I want to switch the tone of it outside of crypto for a bit.
We talk a little bit about, you know, both of us are married.
Both of us are families.
We're both in business, not just in crypto.
We've had other businesses other than just investing and trading.
You know, how do you balance?
Like, how do you become a great dad?
And what are the things that you're doing to be a great husband and have a normal relationship?
Because you know, crypto becomes all encompassing.
And that's why people freak out on losses, freak out when markets move around because it's their whole life.
So if markets are down, they're down.
How do you deal with that?
Because this is something that I think not know people talk about.
I know we only have a few more minutes left.
But I want to talk about this at the end to give someone that's listening,
the mentality that you go through, because I talk about this a lot,
but I want to talk with other people.
What balance do you have there and how does it work for you?
Yeah, my point is my wife is a doctor and then...
She goes through the hospital sometimes until those days.
Maybe when she got a baby, she will stop.
We still doesn't have a baby so far.
But we are working on it for this year.
So it's kind of a pretty G.
But I think we have to have some time of quality quality.
So when it's night because
During the day, I prefer to work from midday until 6, 7, 8 p.m. X.
And then at the night, I usually stop to see a movie to go out with my wife.
So to talk or do nothing.
And also go to some good parties.
We like to party too.
Yeah.
So we like...
some music, electro music for sure.
But my main balance is that I am a workaholic person.
So daily, I am working a lot 24-7,
but when my wife comes home, I stop for 7, 8 p.m. ahead.
And then when we feel like, okay, I am stressed.
I am feeling bored.
Let's go to some special events to a party to go have dinner and all this stuff.
And also, when you have a baby, I think you will need to balance much more
because your baby has a lot of energy, demands a lot of attention.
So the crypto space, the main thing is people lose a lot of time just watching the trading view screen.
and not studying and not doing nothing.
People have to use time better because there is no point to keep watching if you're on daily to see when it's going to pump.
You have to be studying something useful.
So if you are just watching prices going up and down, you are losing time.
The main thing is you are using your time to study or just...
losing your time to see what's pumping or not.
This is the main thing.
So I am happy that we had this in approach that you said that you are looking into projects just to close that other subject that has some token demand.
And for sure, I have invested in 100 plus new tokens.
And if it was today, I would have investing in 20, 25 maximum because now I have a different approach.
But we were kind of thinking this cycle was going to be bigger than the last cycle.
So we are guilty as well.
Yeah, I think RWA sector once it finally takes off.
And I was on a stage in 2018 with a bunch of the larger BCs in crypto.
I got invited for some reason.
Someone wanted to put me on.
I think it was the last minute thing.
And I was in this Marriott in Bangkok and I'm with these guys.
And they're all like, yeah, this whole STO thing is going to blow up.
And I was like, man, it's going to be five years minimum for that.
And everyone was like, oh my God, I can't believe it will everyone else is saying two years.
And I was like, guys, it's just too much things that have to happen before that that would actually blow up.
And that's kind of what it's taken more than that.
But we're getting closer.
And that I think is the boom for crypto.
That's when things really, really take off to tens of trillions of dollars.
right now we're kind of in a limbo everything has to be clear the markets kind of have to
settle down a bit people need to kind of focus and refocus and then we'll be where we need to be
and you know in the meantime right now everyone should be trying to figure a way to balance themselves
go to the gym do something that's very healthy and get in a routine of doing those things so you
have your mind not just on crypto and you can move forward in your life i think
I think that's the most important thing that we miss in this space.
People don't try to figure out ways to better themselves.
They just want to make more money.
And that's why there's so much negativity and hostility in our space.
Because people aren't taking risks they should be taking.
They're taking massive risks and getting wrecked.
And there's a lot of animosity because they're trying to get rich quick.
So that's something that I try to help people understand that you can multiply 2x many times over and become a millionaire pretty easily if you do decent calls and you're not from being too greedy.
But it's also really, really hard to do 100x from a certain amounts of a small amount of money on your entire stack.
So it's better just to try to make slow wins.
And that's like an institutional level mindset.
And obviously everyone didn't have that when they started in crypto.
They all wanted to get rich.
But, you know, I learned a lot along the way is that most of the people I helped become millionaires were actually very depressed when they hit it.
And I think that's because that's all they cared about.
And then it was like, what do I do now?
I have money and I don't have a girlfriend.
I don't have a wife.
I don't have kids.
I don't have friends because all I do is sit in front of a computer.
So, yeah, we'll kind of end on that.
I did want to ask you a little bit about things that were really important to you.
And maybe we could do that on the next basis.
We're going to probably try to get a couple more other people.
And we're going to go on stream yard.
So anyone listening will be able to watch.
I think it's a little more entertaining when you see our faces.
Yeah, I think we can do this.
Yeah, we're not just going to talk about crypto either.
I think there's a big, big focus I think we're going to do is talking just about like life and balance and success and how it's really a mindset to be rich or poor.
I know a lot of really, really poor rich people and I know a lot of really, really rich poor people.
And the reality is they can all switch in any time.
And I want to give people the inspiration that we both probably started in a similar way.
And we built ourselves up to where we are.
And it's not unattainable even if the market's harder these days.
It's more about figuring out where to focus on.
So we're going to try and help people do that.
We're going to bring on other guests.
Our friends, we have a lot in the space.
And yeah, thanks again, Tasso for coming.
We're going to get a few other people next week from the KOL group.
So we can get some of your favorite K-WLs.
If you guys are listening, comment who you would like to see on the show, what you would
like us to talk about.
If there's any things that you're really concerned about, about the space or anything along
those lines, leave a comment below.
And my team will actually read those comments and we'll try to incorporate them so
that you get what you're looking for from us.
Thanks, Diego.
Thanks, Sato.
Is there anything else you want to ask or leave people with before we go?
Yeah, last comment is that we talked about a lot of experience that we had.
And then we coach has some more time into the market than me.
And we both made some mistakes.
in the cycle and we are okay with it.
The main thing is you have to put your money into a smart way
and to pulverize the money into some good projects in a good way.
This is the main thing.
And also the second thing is that money is not everything
because if you are hearing us from
From Brazil, you have a life cost that is way different from Dubai, that is way different from Bangkok, and also a lifestyle.
And now this main bullshit that we see on social media of people are only happy if they are flying a private jet or something like this, this is bullshit.
Because if you don't have a good wife, a good family and some good friends, you have nothing.
So the main thing for the cycle of investing, of making money is to have fun with some good friends, with your wife, with your family.
Because money is a key to open some doors.
And some doors, they lead you to some bad stuff, to depression, to a lot of...
We know how it is for men.
We all know how it is.
And if the money is the key,
the key also opens the door to heaven,
to some good friends, some good family,
to people that who care about you.
And in the end, people who care and like you,
It's the best thing you can have.
It's the best money.
It's the best richness you can have for this life.
This is my approach.
I love that.
You know, one thing I do with my kids that talk about being kind to other people and what that means and how does it benefit you?
And I'll leave people with just this.
When you're kind to someone, just to be kind,
whether it's smiling at a person you don't know,
or just seeing someone's down, asking they're all right,
whether it be just giving compliments to people,
which can feel awkward when you first start doing it
until you do it all the time and you realize
it makes people happier.
It also improves their immune system.
and release a serotonin.
So that actually makes everybody happier that sees it, that receives it, that gives it.
So give a lot more than you take because you actually make more when you give.
And it doesn't cost a lot to, it costs nothing to be an asshole.
It costs nothing to be kind.
So be kind and you'll get a lot of vibration coming back your way.
We talk if people understand manifestation, that's a part of it.
It's your vibration that when people feel you into the room, they want you there.
They don't want you to leave.
are, you know, there's two people in the world.
There's the person that you're happy to see when they walk in the room,
and there's a person that you're happy to see when they leave the room.
And that's something that Tony Robbins' relationship coach actually talked to me about.
And I totally agree with him.
So one thing I'd like you guys to do, leave a comment below.
Let us know what you'd like us to talk about.
But also don't forget to follow Tasso on Instagram and on X.
He's really big on Instagram, guys.
So if you're looking at his X and you're going,
oh, he's only got 8,000 followers.
He's got about half a million on Instagram.
I think it's also that part of the world,
that region is very big.
All the AKOLs I know have large,
large followings on Instagram as well there.
So yeah, please follow him there and follow him here.
And we're going to continue doing this.
We'll get video on next week.
And thanks again, pass up for your time.
I know you have to leave.
Thank you, Coach.
It was really good being here.
Thank you all for be listening.
I think this is one of many because I talked with coach that we should have to create something good for the market.
So that's it.
Thank you.
Let's do this, brother.
All right, have a great day, man.
You too.
Bye-bye.
