Meeting with TIER 1 Banker

[CristianOff]

Today I met with a Tier 1 director from Royal Bank of Canada. I am not going to give the country or name for privacy purposes. It was a speaking event but we also talked 1 to 1 after.

Here what I learnt:


The director deals with different kind of people, including multi billionaires. You wouldn't think a multibillionaire still invests isn't it? That's what keeps the rich rich, even if it doesn't make sense for most people!
There is this guy who apparently has a self-policy where he always invests in 10 projects from an investment pitch. Those investments are around $200k-$500k during the seed phase/start-up phase to get business off the ground. Out of 10 projects, there are always 3 who are successful and cover the costs for the loss of the others.

I was told about another billionaire who is "anonymous" / mass-media doesn't know/promote him. Apparently he has some industrial plant in Russia, casinos in Monacco, Coffee or something like that in Dubai. Very difersified portofolio that works! He also has his own cryptocurrency from what I learnt. I couldn't get the name of the cryptocurrency because of confidential information.

Something else discussed is how a banker, who is not seen as a 'good guy' builds trust with a potential investor or high network individual who needs wealth management services. You wouldn't believe it but all it takes is being confident in the services you offer to your client.
If you know you are going to sell a GREAT product, automatically you inspire trust. If subconsciouslly you don't believe in the product you sell, you fail. Simple isn't it? I will remember this for life and so should you.

All guys, even if rich pay hundreds of thousands for wealth management mentorship. Sounds stupid to you? The director said things I never know, like did you know Bill Gates, Steve Jobs, Mark Zuckerberg all of them had mentors? Because I didn't!

The story of the director has been inspiration for me as a young 20 years old. The director comes from a relatively poor background and by 30 is very successful, inspires a lot of confidence in others and is truly a great person.
I asked regarding their opinion on Blockchain. I expected a negative answer but I was surprised. The director was so enthusiast about the blockchain and the many projects going on. Unfortunately, banking customers can't receive investment advice in cryptocurrencies unless those become regulated.

Here we conclude that, if crypto ever becomes regulated we are going to see a HUGE market disruption. Bitcoin & Ethereum will survive but I don't know about the others!

[1714690980]

1714690980

[1714690980]

1714690980

[1714690980]

1714690980

[joniboini]

All guys, even if rich pay hundreds of thousands for wealth management mentorship. Sounds stupid to you? The director said things I never know, like did you know Bill Gates, Steve Jobs, Mark Zuckerberg all of them had mentors? Because I didn't!

And how did he know about it? To me, it sounds like he's just trying to promote and get you in his business. 

Well, I'm not really surprised if there were a lot of people who did that even though they're already rich enough. Fiat money will always get produced and it is hard to know its stock to flow value, unlike Bitcoin which will stop mined when the last Bitcoin was produced. Your 10 million dollars 100 years later might worth the same as 1 million dollars right now.

[jonemil24]

-
I asked regarding their opinion on Blockchain. I expected a negative answer but I was surprised. The director was so enthusiast about the blockchain and the many projects going on. Unfortunately, banking customers can't receive investment advice in cryptocurrencies unless those become regulated(centralized?).

I guess when you told him about his opinion regarding blockchain was completely misunderstood. Have you tried to ask him about decentralized/public blockchain? FYI, there are public and private blockchain.

Did you ask him on what basis of their rule should they print more money when the monetary system was losing its purchasing power?

IMO, they're not afraid of blockchain because it can be CENTRALized if they wanted it to be built their way. Imagine them creating their own crypto to be paired with BTC and ETH, eh-me-ged, did it sound like those stable coins?

Nothing much more to say about how they can do with the monetary system, but watch this;
Was there something above the law?
Sanders vs Greenspan in 2013

[CristianOff]

All guys, even if rich pay hundreds of thousands for wealth management mentorship. Sounds stupid to you? The director said things I never know, like did you know Bill Gates, Steve Jobs, Mark Zuckerberg all of them had mentors? Because I didn't!

And how did he know about it? To me, it sounds like he's just trying to promote and get you in his business. 

Well, I'm not really surprised if there were a lot of people who did that even though they're already rich enough. Fiat money will always get produced and it is hard to know its stock to flow value, unlike Bitcoin which will stop mined when the last Bitcoin was produced. Your 10 million dollars 100 years later might worth the same as 1 million dollars right now.

It's a SHE
No, she didn't try to promote her business, believe me. I knew about that before because I checked the company's website. There is something known as Wealth Management available only to people with assets > $1million ($25k/session price); > $20million ($250k/session price).

I fully agree with your sentence regarding the 10 million dollars and its value after 100 years

[CristianOff]

I guess when you told him about his opinion regarding blockchain was completely misunderstood. Have you tried to ask him about decentralized/public blockchain? FYI, there are public and private blockchain.

Did you ask him on what basis of their rule should they print more money when the monetary system was losing its purchasing power?

IMO, they're not afraid of blockchain because it can be CENTRALized if they wanted it to be built their way. Imagine them creating their own crypto to be paired with BTC and ETH, eh-me-ged, did it sound like those stable coins?

Nothing much more to say about how they can do with the monetary system, but watch this;
Was there something above the law?
Sanders vs Greenspan in 2013

I can perfectly understand your point of view, that's why we discussed how a banker builds trust in a world where bankers are not perceived as good people. Unfortunately I wasn't smart enough to ask HER oppinion about decentralization but I will definitely will when I have the opportunity. Thanks a lot of suggesting that!

Regarding the centralization of cryptocurrencies, I disagree with that. WE MUST BELIEVE that cryptocurrencies can be regulated while being decentralized. My point is that the government should focus on customer protection solutions rather than controlling the supply. May cryptocurrencies become the first asset regulated without government's implications in supply control, therefore establish a new meaning for regulation

[acarli]

........
Regarding the centralization of cryptocurrencies, I disagree with that. WE MUST BELIEVE that cryptocurrencies can be regulated while being decentralized. My point is that the government should focus on customer protection solutions rather than controlling the supply. May cryptocurrencies become the first asset regulated without government's implications in supply control, therefore establish a new meaning for regulation

I respectfully disagree with you. We have to have the "store of value" crypto like BTC, and ETH be uncensured. trust me, I've had problems with a bank before. They have the ability to freeze your accounts based on a whim of an administrator. Any misunderstanding can cause you to temporarily and in the worse case, permanently lose your funds.

Also, consider that law enforcement can seize your assets. It's called "civil forfeiture". This has never happened to me or anyone I know. I've only seen this in articles and mainstream media. Admittedly, when I've seen this happen it's most likely the person who had the funds seized is drug related (drug mules or dealers).  I don't mind seizing the funds of criminals, but seizing them without due process is the scary thing.

https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States
the banks are going to want to keep it centralized and the government is going to want it censored. These two characteristics will keep "us" under conventional control.

[CristianOff]

I respectfully disagree with you. We have to have the "store of value" crypto like BTC, and ETH be uncensured. trust me, I've had problems with a bank before. They have the ability to freeze your accounts based on a whim of an administrator. Any misunderstanding can cause you to temporarily and in the worse case, permanently lose your funds.

Also, consider that law enforcement can seize your assets. It's called "civil forfeiture". This has never happened to me or anyone I know. I've only seen this in articles and mainstream media. Admittedly, when I've seen this happen it's most likely the person who had the funds seized is drug related (drug mules or dealers).  I don't mind seizing the funds of criminals, but seizing them without due process is the scary thing.

https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States
the banks are going to want to keep it centralized and the government is going to want it censored. These two characteristics will keep "us" under conventional control.

Hey man, I hope everything is fine with your accounts. Did they have a reason to freeze it? For example, did you do not pay taxes or any debts you had?

Also regarding law enforcement, it pretty much sucks. Just for being a suspect the government can seize your money. What kind of proof do they expect? Also how am I supposed to pay lawyers if you seize my money?
These things do not happen in Europe on a daily basis. I see that currently the US Department of Justice manages more than $2 BILLION of assets seized from 'suspected criminals'.

I see that some big Banks forfeited as much as $500 million because of financial schemes with Mafia. I can see the point of law here. I was looking these days at some documentaries exposing Cosa Nostra and Camorra which managed to put hands on some banks.
While this doesn't make me feel good, I know there are some banks around which are on the good side.