Carta and the Secondary Market, Bitcoin ETFs, and Scott’s 2024 Investment Strategy | Prof G Markets

This week on Prof G Markets, Scott shares his thoughts on who stands to win and lose after the SEC’s approval of eleven bitcoin ETFs. He also discusses a scandal in the startup world and explains why there’s enormous opportunity in the secondary market. Finally, he breaks down his investment plans for 2024.
Have a prediction for 2024? Send us a voice recording at officehours@profgmedia.com
Timestamps:
00:00 - This week's number
00:38 - Today's episode
01:34 - Market Vitals/Headlines
18:00 - Bitcoin ETFs
22:15 - Carta and the Secondary Market
33:40 - Scott’s 2024 Investment Strategy
44:28 - Week Ahead
44:45 - Prediction
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Пікірлер: 95

  • @LucasHirlDudeCity
    @LucasHirlDudeCity4 ай бұрын

    This is becoming my favorite show on KZread

  • @workstation419
    @workstation4194 ай бұрын

    I love this shit man!!! Look forward to this every week. Thank you

  • @citizendan6390
    @citizendan63904 ай бұрын

    always the first 60 seconds intro...how bad is it going to get! LOL Good episode as always. God bless yall.

  • @HughJass-jv2lt
    @HughJass-jv2lt4 ай бұрын

    Scott's rant/insight in the last 5 minutes was 🔥🔥🔥 edit 38:30

  • @kurtnunn6116
    @kurtnunn61164 ай бұрын

    There’s always some really good laughs along with the great information

  • @mariannerady1137
    @mariannerady11374 ай бұрын

    I just love how reflective Scott is. Saying the ugly truth out loud, very rare unfortunately

  • @darbshiler3866
    @darbshiler38664 ай бұрын

    39:00 until the end: These few points of advice are really fantastic! (I’m a 60 year old who made many mistakes) but I all the modest wealth I did accumulate was by doing just as you suggest. I’ll be sending this clip to my children who are in there late 20’s

  • @mbg9650
    @mbg96504 ай бұрын

    Is Claire the only adult in the room!

  • @nickkanevsky2682
    @nickkanevsky26824 ай бұрын

    Great opener.

  • @geeked-outbasketball765
    @geeked-outbasketball7654 ай бұрын

    lol, best opening joke yet!

  • @ctrl300
    @ctrl3004 ай бұрын

    God damn, I love this show!

  • @Delrin3030
    @Delrin30304 ай бұрын

    Worth it for the opening joke alone!

  • @chrism.1131
    @chrism.11314 ай бұрын

    LOL... Scott using the phrase "hair on fire" with a straight face. Very funny.

  • @leestack
    @leestack4 ай бұрын

    Great investment advice - Scott

  • @user-ql4ud9zr7m

    @user-ql4ud9zr7m

    4 ай бұрын

    He never had a good investment advice, he is like Jim Cramer

  • @raytheonbuna1021
    @raytheonbuna10214 ай бұрын

    I have a lot of emotion for cleaning products.

  • @classactionsteve
    @classactionsteve4 ай бұрын

    Can you please discuss open class action settlements?

  • @markrobert6817
    @markrobert68174 ай бұрын

    Vanguard not allowing bitcoin trading on their platform

  • @user-fd1qi2hp4t
    @user-fd1qi2hp4t4 ай бұрын

    Great show

  • @963seeker
    @963seeker4 ай бұрын

    Most important part in this episode 37:00 i

  • @markgigiel2722
    @markgigiel27224 ай бұрын

    Those little cans of Bloody Mary mix that they use on the plane are pretty good. That's after the Real one I usually have in the terminal first.

  • @silvia145
    @silvia1454 ай бұрын

    No mention of how btc etf affects Ledger which you have an investment in?

  • @ReasonableHuman1
    @ReasonableHuman14 ай бұрын

    Funny and educational

  • @millennialsecularandauthri3338
    @millennialsecularandauthri33384 ай бұрын

    I’m on the League and went to a tier 3 law school and a state university.

  • @davec.6293
    @davec.62934 ай бұрын

    33:51 ..how Is that going?: SG: "slow but well" SNIFF SNIFF :)

  • @atkinsonr
    @atkinsonr4 ай бұрын

    Coinbase have positioned themselves as the main wholesale supplier of custody and liquidity for the spot crypto ETF industry. Sounds quite moaty.

  • @paxdriver
    @paxdriver4 ай бұрын

    9:34 let's remember that for a decade we argued seat belts in cars, then children were being decapitated by air bags, there was opposition to unleaded gasoline and catalytic converters. A plane's door plug falling out while on the job is embarrassing, but just because flying is dramatic doesn't make it more dangerous than Ford not recalling explorers when tires were exploding under normal use or caravans were rolling over just turning a roundabout. Just saying, perspective matters. It's a sign of a trader with potential to have a sense of humour about the Boeing stock slump. However, Scott, how could you possibly say the company is well managed? Based on what, exactly? The plants and safety? The culture of punishment for creative thought? The reliance on space contracts despite their massive market share? The scandals? The press? Transparency? Quality assurance? On time order fulfillment? Need I go on?

  • @masonm600
    @masonm6004 ай бұрын

    17:00 I'm on League. It used to be exclusive, until they realized that doesn't work outside 5 cities, and there is more money in broad market appeal. Now it's flooded with people with no standards.

  • @internetshaquille
    @internetshaquille4 ай бұрын

    Surely this is the episode to get demonetized the fastest lmao

  • @andy_ppp
    @andy_ppp4 ай бұрын

    The secondary market is there because everyone is having their backs scratched and going public has too many requirements. Why would a market where you can sell shares without the oversight of going public being allowed unless it was private? Scott is basically saying let's start a NASDAQ with none of the rules. Until then these markets will be private. The way I would handle this is as follows, allow the SEC and NASDAQ to offer listing a limited number of shares in a more simple way and instead of all the hoop jumping just let the NASDAQ or whoever give the company a score and let the market decide if they want the shares.

  • @jdomsmith
    @jdomsmith4 ай бұрын

    60% of my portfolio is dividend ETFs. At least I'll have some passive income regardless of the direction markets go...

  • @carlpuzonvalencia
    @carlpuzonvalencia4 ай бұрын

    I'm here to watch Ed get shocked :)

  • @freddyflowers7514
    @freddyflowers75144 ай бұрын

    I've been listening to the prof G show since it first started, but i'm really getting over Scotts constant need to let everyone know how rich he is, with the same stories every week. It seems to be getting worse.

  • @nfranceschina
    @nfranceschina4 ай бұрын

    you can't take custody of the crypto you buy through these investment firms ... so it's not apples-to-apples comparison with coinbase

  • @chockshoway
    @chockshoway4 ай бұрын

    I used to be paralysed by a fear of flying. Took flying lessons and now it's my favourite hobby. Face your fears and you might change your life for the better.

  • @oisinquinn9469
    @oisinquinn94694 ай бұрын

    Tinder is €15/€20 a month in Europe, there is less competition. I like the 'definitions' in the show for people who are less deep in the weeds.

  • @deltacodealpha
    @deltacodealpha4 ай бұрын

    Scott, if you feel strongly that Coinbase is AOL and will be a loser, why don't you short it?'

  • @craigjackson3775
    @craigjackson37754 ай бұрын

    why does Scott ignore the fact that coinbase has 8/11 ETF custodians. Obviously its going to be smaller margins as it's the insto bid. Coinbase arguably has aligned with retail (crypto exchange) and insto (ETF custodian) How on earth does it make them a loser in the space?

  • @BodyByBenSLC
    @BodyByBenSLC4 ай бұрын

    Am I the only one that is reminded of the opening scene of Dumb and Dumber?

  • @DingoAteMeBaby
    @DingoAteMeBaby4 ай бұрын

    Scott clearly has existing interest in boeing

  • @miguelgarciacastro544
    @miguelgarciacastro5444 ай бұрын

    Coinbase will be the looser? How can you come to that conclusion? A) ETF's are not bitcoin B) Cryto is not only bitcoin. C) Coinbase is custodian for most of the ETFs. I don't understand why they would be loosing here...

  • @indianajones3315

    @indianajones3315

    4 ай бұрын

    Custody fees are only a fraction of COIN’s trading fees. If you own COIN now you’re hoping that what…BTC ETF holders decide to open up COIN accounts and trade shitcoins, which they have zero interest in? Most people don’t care if they own actual BTC, they just want the capital appreciation, they’re not doomers. Also, BLK will eventually get approval for an ETH etf, too, and thus further drive COIN profits down. BTC going up in price due to ETFization will do almost nothing for COIN.

  • @thehealthinsight4587
    @thehealthinsight45874 ай бұрын

    Scott is only 49?

  • @AlexIsUber
    @AlexIsUber4 ай бұрын

    What a treat on on MLK day

  • @ziprun2005
    @ziprun20054 ай бұрын

    Pivot is full of shrews...shocker.

  • @LuckyDogProductions
    @LuckyDogProductions4 ай бұрын

    Boing merged with McDonnell Douglas, they fired engineers and upped executive pay scale, " for the shareholder" = bad quality control,

  • @Ollerismo
    @Ollerismo4 ай бұрын

    The difference a plane and a car is the amount of accidents per vehicle. Its much more dramatic to die from a plane crashing and one that has been known to have had production problems. Also. In a plane you are not the pilot… Dont over-gloss that please

  • @kyleolson9636

    @kyleolson9636

    4 ай бұрын

    Air flight is still 100x safer than driving, so there is no rational reason to be fearful of flying if you are willing to take a car or bus to the airport.

  • @Ollerismo

    @Ollerismo

    4 ай бұрын

    @@kyleolson9636 is not about the safety and the statistics of flying but rather boarding a 737 Max that has crashed twice in the span of a year and now faces new production problems.

  • @kyleolson9636

    @kyleolson9636

    4 ай бұрын

    @@Ollerismo Even if the new reality was 10 of these mishaps happening every year, flying would still be an order of magnitude safer than driving. Once again, no rational person could use any of this news to conclude flying was becoming less safe than driving.

  • @timothypaulduffy8935
    @timothypaulduffy89354 ай бұрын

    Love the funny dirty jokes. Thanks Claire for vouching to keep the joke. Followed up by insightful info. Thanks Scott.

  • @stathisath
    @stathisath4 ай бұрын

    Scott's a real one

  • @sens36
    @sens364 ай бұрын

    300 people dying in airplane crashes are due to Boeing's carelessness. People dying from GM-produced vehicles are due to each respective individuals' errors. Hardcore fallacy here.

  • @drchickensalad

    @drchickensalad

    4 ай бұрын

    It's not a fallacy at all because the argument is about you safely getting to your destination. People don't care if it was some other car's fault vs some company's fault, and honestly not even their own fault; they just want to live, and one system is brittle against errors and the other is resilient.

  • @SPLUGA
    @SPLUGA4 ай бұрын

    Scott get Ed to 200k so that he can play distressed credit game

  • @HelloWorld-hb7yt
    @HelloWorld-hb7yt4 ай бұрын

    Sorry for the young people... they got screwed... more young people need to run for office.

  • @markusmcgee
    @markusmcgee4 ай бұрын

    THAT JOKE....LOLOLOLOLOL😆😆😆😆😆😆😆😆. Edit...the last part of the show is eye opening.

  • @Lv99Slacker
    @Lv99Slacker4 ай бұрын

    These ETF's are paper bitcoin. It's not real bitcoin that you can take with you anywhere in the world. You're only getting exposure to bitcoin's price movement. I would never steer any of my family and friends towards ETFs versus self custody of bitcoin.

  • @osmbsmy.706
    @osmbsmy.7064 ай бұрын

    BOEing isn't to blame for bad maintenance. The other jet crash in Japan, where the two planes were given permission to the same runway, wasn't their fault either. What is their fault is these human errors not leading to more deaths. That plane in Japan looked like a hotdog that fell down to the charcoal and everyone got out. How about BOEing gets a bump in their stock when their engineering saves all these lives, despite idiots misusing their product.

  • @indianajones3315

    @indianajones3315

    4 ай бұрын

    Good concept, but it’s not the way markets work.

  • @BodyByBenSLC
    @BodyByBenSLC4 ай бұрын

    37:00 that's because the boomers vote and the youth don't. Voting matters and that is why.

  • @parkmannate4154
    @parkmannate41544 ай бұрын

    The problem with your theory is that you assume everyone will be good at sometging they can get paid for, and thats not true.

  • @georgekendall5166
    @georgekendall51664 ай бұрын

    The joke to start made it 🤣🤣

  • @a_lot5163
    @a_lot51634 ай бұрын

    that was a wild opener, jesus.

  • @gordonsteen8415
    @gordonsteen84154 ай бұрын

    Live like you are poor. We do not know what we do not know.

  • @blakesmith5198
    @blakesmith51984 ай бұрын

    Think that intro jumped the shark? :)

  • @catherinesalacuse3284
    @catherinesalacuse32844 ай бұрын

    Okay…. 🙃 😂. @scottgalloway …I can tell you that when I make my Flight reservation….my number one check is what the aircraft is….i absolutely have no problem dying, it doesn’t disturb my mind….but no thank you…not dying up there…and all the question you have in your mind Scott Galloway…it comes to my mind too 🙃 😂 sometimes…and I do not drink alcohol in the air…but Boeing 737 Max…no thank you…too many times to forget the nonsense… 🇫🇷🇺🇸

  • @telluwide5553
    @telluwide55534 ай бұрын

    Ed is the Martin to Scott's Lewis....Yes, I'm that old...

  • @neilmoran9988
    @neilmoran99884 ай бұрын

    oy vey! huge

  • @yamuiemata
    @yamuiemata4 ай бұрын

    The only reason Boeing accident didn't become another tragedy is due to every passenger having the seatbelt because they just took off and climbing

  • @jonathanallen7588
    @jonathanallen75884 ай бұрын

    😮

  • @TheUnchosenOne
    @TheUnchosenOne4 ай бұрын

    lmao

  • @smarv8
    @smarv84 ай бұрын

    😂😂😂😂

  • @Schwenni
    @Schwenni4 ай бұрын

    The intro is one of the ages.

  • @classactionsteve
    @classactionsteve4 ай бұрын

    Best way to get extra income is to find Open Class Actions

  • @kiteandpizza
    @kiteandpizza4 ай бұрын

    1st :-)

  • @LevelofClarity
    @LevelofClarity4 ай бұрын

    That opening 💀

  • @BongShlong
    @BongShlong4 ай бұрын

    Thank you Scott I'm about to bet my and my family's life savings on your suggestions alone, what could go wrong?

  • @nexes300

    @nexes300

    4 ай бұрын

    Are you insane?

  • @geohhoeg8630
    @geohhoeg86304 ай бұрын

    Talk about a hook.. that first joke…

  • @SteakFromJakeFarm777
    @SteakFromJakeFarm7774 ай бұрын

    Galloway: “how many people died in general motors cars this past week?” strawman. it doesn’t matter how many died. it matters if they died AS A RESULT OF A MANUFACTURING ISSUE. dying because of drunk driving, or someone running a red light etc etc isn’t the same as your wheels falling off. love you Scott but you’re better than this trash argument.

  • @enriquekramer4590
    @enriquekramer45904 ай бұрын

    Scott, your introduction was gross and unnecessary. Bad.

  • @chrisgiles5653

    @chrisgiles5653

    4 ай бұрын

    Then don't listen

  • @marjorietench3925
    @marjorietench39254 ай бұрын

    Oh Scott stop talking about how young people are missing out on advantages that boomers had….the majority of young people dont want to save to buy a house or invest, they want to buy expensive cars, fly business class and buy another beige sweater to make it. 20 beige sweater.s. Who new to buy apple and amazon in GFC.

  • @prestonthomas5399

    @prestonthomas5399

    4 ай бұрын

    Disagree

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