Bringing the Next 100 Million People to Crypto – Nitin Agarwal

In this episode of Cryptonews Podcast, Matt Zahab talks to Nitin Agarwal, Co-Founder and CEO of B21, a global crypto platform for buying and managing crypto assets.

They discuss the business of B21, bringing the next 100 million people into crypto, advice for crypto rookies, and much more. 

Episode timestamps: 

0:00 Intro 
3:40 Crypto in Gibraltar 
5:34 Crypto Relief Fund for Covid-19 in India 
9:20 What is B21? 
11:24 Bringing the next 100 million people into crypto 
15:35 India's digital rupee 
18:57 Indian government 
20:54 Poker and sports gambling 
23:28 Staking 
25:36 Partnering with Celsius and Alex Mashinsky 
27:36 International Cards 
29:23 Scaling worldwide 
31:51 BNB Token 
35:39 Rapid fire questions 
39:58 Outro

The episode premiered on June 4, 2021.

Episode transcript:

Matt Zahab: 0:08

Ladies and gentlemen, today's guest is a FinTech and crypto product specialist with over 15 years of experience in the industry. This gentleman is the CO inventor of the crypto link debit card, and has also worked with companies like first American, PayPal, and wavecrest, using his in depth knowledge of the payment processing, and his specialty and building wallet products. He's an early investor in multiple cryptocurrencies wow what a mouthful, including Bitcoin, Ethereum, and EOS. Present day, he's the co founder and CEO of B21. I'm very pleased to welcome to the crypto news podcast Nitin Agarwal. Nitin, welcome to the show.

Nitin Agarwal:

 0:49

Thank you, Matt. Thank you. Thanks for having me. Very nice to be here.

Matt Zahab:

 0:53

We are very pumped to have you on the show Nitin. There's so many ways and so many different topics we can get into to start. Now B21 is one of the coolest crypto platforms out there with a multitude of products. I want to start with the name. If someone was thinking, why the heck would he name, he and his team, Why would they name is B 21. Potentially Bitcoin and the 21 million supply. However, you also snag the domain B21.io. which seems like a you know, like a million dollar domain. You got three characters in that plus the IO. Tell me about how all of that came to fruition?

Nitin Agarwal:

 1:35

Yeah, actually, it started with bank 21. So it's a nice story. We started with bank 21, we thought we wanted to be a crypto bank and so it was bank 21. Bank comes from crypto bank and 21 came from 21 million bitcoins an ode to Satoshi Nakamoto This was 2017 when we started thinking about it and Bitcoin was the only one which was the currency of that time. The ICO mania was coming but that's when we start thinking about it and working on it. And it also represents 21st century. So Bank of 21st century so it was like blockchain Bitcoin so it was cool. It made total sense and it has a recollection value as well. So you put B21, very simple. 21 has 21 million bitcoins you can talk about 21st century you're going to talk about 21 nodes so it's like so many things are 21. You can talk about blackjack etc etc as well. So there are so many things around that that it stuck and for us it was pretty straightforward. Go and buy IO domain, B21 was available. So it was just being creative at the right time. So yeah, that's the story of the of the domain and the name

Matt Zahab:

 3:04

Love that 21 is one of my favorite numbers as well. Love playing blackjack, not at that has a whole lot to do with it. But also shout out Peter Forsberg, one of the best hockey players of all time, he was number 21. So I've always been a big number 21 guy and my birthday January 21. As soon as I saw the name, I was like, damn, I gotta snag a couple t shirts, couple hats. Got to get some of that merch. I want to ask you, where are you located right now.

Nitin Agarwal:

 3:31

So I'm currently based out of India. I used to spend time in Gibraltar and India. But now for the last one and a half years. It's been in India.

Matt Zahab:

 3:40

So before we get into India, Gibraltar, I always butcher the name. I've never been there. I did go on a hike when I was in the south of Spain in Mar Bay and Malaga. And you could see it. Now it looked like a big rock. Is that what it's like from living there as well?

Nitin Agarwal:

 3:59

Yeah, it's the Rock of Gibraltar, right? That's what even the mythology has that. So it's the Rock of Gibraltar, which actually, it's the rock of where Hercules is shouldering the the sky as the Greek mythology also has it. So it's Rock of Gibraltar, Gibraltar strait is the entry to Mediterranean from that side. So it's a choke point as well as strategic value. So it's a British territory. So it's beautiful and it's an English speaking country. 350 days of sunshine. So it's beautiful. And light amount of taxes. Let's not forget that.

Matt Zahab:

 4:46

Love that. Is that one of the big reasons why B21 chose to to set up camp there?

Nitin Agarwal:

 4:51

So I was based in Gibraltar at that time and we started with creating deregulation. We worked with the regulator's regulating there, we started with applying for licenses, etc. And it is a crypto friendly jurisdiction, a lot of projects come out of there. So yeah, we started there in 2017. So one of the reasons certainly was crypto friendly and secondly, it's a tax appropriate country as well. And part of European Union. So part of European Union, part of the UK. So it's like, it has multiple benefits.

Matt Zahab:

 5:34

Multiple jurisdictions, of course. I can't believe I'm already screwed up twice in the pod, and we're what six minutes in. It's early in the morning for me folks couldn't even say Gibraltar. Wow, what a morning, a little bit of a flu game. But I will turn this one around, I want to go to India, the COVID situation is not good there. And the whole world is rooting for you guys, we're trying to do what we can. And again, everyone is very sorry, and wishes that things could be better. I know a lot of countries have stepped up to the plate and started helping but the community that appears to help more than anyone else has been the crypto community. You have Balaji you have Vitalik. Vitalik also did one of the biggest goat things ever and donated all of his shit coins to the Indian COVID Foundation, which was huge, but as someone who's on the ground and has, you know, tactical experience within the current situation, I'd love if you could shed any light on what's going on right now. And how the crypto community has helped the situation in India?

Nitin Agarwal:

 6:39

So I'm personally pretty active. I have a group which is pretty active. And then we also work with Sandeep Matic, as well as the crypto relief very actively. So, a couple of things which we have been doing. First the situation has been improving so it has significantly improved in the last four weeks. Four weeks back, it was extremely bad. And things have become better. But it is not over yet. And I think that the message which I will give it to the entire world is that don't take it lightly. Things get serious very fast. So we were doing very well. And then suddenly, the second wave hit us. We were not prepared. So now we are getting prepared for any wave which comes in the future as well. Things are better on the ground. We personally ordered a lot of oxygen concentrators, we have them on a rotation basis. So that's one thing which we are going to help the community the society in India itself. Then we work a lot with the crypto Relief Fund, which we were talking about where Vitalik and Balaji have voiced their opinions and also donated crypto. We help them get their banking sorted, we work a lot with them to move money wherever needed. So it's like a lot of things which they need. We are right there to help them, we worked hand in hand with them on that. So I don't get personally involved in the decisions because I think they have a good team too and volunteer team which are working on, we do our part, but extremely involved there as well. So we do everything possible from our side. And I think what we're trying to do is we're trying to create, and that's what I keep telling the team that we actually created a model, that crypto can come in handy for any kind of help which the world needs. Today it is India maybe if for anything else, anyone else needs or anywhere else is needed, the community will stand up. So that's the message. We in fact started calling it like, Hey, this is the decentralized or the decent money, which we provide. So that's where it is. Thanks for all the wishes and prayers and help.

Matt Zahab:

 9:20

I'm really, really happy to hear that the situation is getting better in India. moving forward to B21. Now, you guys have so many products, you know, baked into one 360 degree ecosystem. Can you give like a 30 second to one minute long elevator pitch on what exactly B21 is.

Nitin Agarwal:

 9:39

So B21 is for the new guy, so we want to bring in the next 100 million people into crypto. That's what our motto has been. That's what we want to achieve and what we know of that the next 100 million people who come in crypto are not going to be techies or traders. And today still, most of the platforms are focused towards techies or traders. So if you look at all the exchanges, it's all about trading, a lot of DeFi stuff, etc. A lot of techies, right? If you ask can my mom invest in crypto? Very complicated for her. So that's the next 100 million people who will come in. They will be the common people, the simple people who will invest in crypto. And what we have done is that they have to have one single app, where they should be able to easily invest. And if they want to stake and earn rewards, earn yield, that's the second part, and third is spend. They should be able to easily spend their crypto. It should not be complicated, they have to move the money across chains, all that stuff and manage it, it should be as simple. So, if you think about it, we're just catering to the needs of people who are new to crypto, and they want an easy investing, they want to earn yield. So we have earn, invest and spend. Spend using cards, withdraw to your bank account locally and spend your crypto, it should not be stuck somewhere that it will take you days and weeks to get hold of your money to spend. So it's all about bringing the value to the people who have never invested in crypto. So that's what we bring on the table here.

Matt Zahab:

 11:24

Couple great points and different avenues where we can take this conversation next. I think a good starting place would be your company's mission statement, which is bringing the next 100 million people into crypto, talk about a ballsy mission statement. I absolutely love it. Is there a specific demographic or geography? The demographic is obviously rookies and newbies who are just getting into the space as you already touched on. A lot of financial savvy people tech savvy and traders they're already in, they understand the prominence and the opportunities in space. You're going after the newbies which there are definitely more than 100 millions, there are billions of them. But is there a specific geographical region where you're that you're targeting first.

Nitin Agarwal:

 12:04

So we have two sets, which we look at one is, mostly a focus towards Asia from a geographical perspective. So a lot of solutions, we have very focused towards the US and Europe. But Asia is big time neglected. And there are a lot of people in Asia who need it. So, we are in Asian, we are in 82 countries, but we are significantly focused on the Asian region. The second thing which we are very focused on, on the demographic side is, so on that you have two sides. One the youngsters who would want to experiment, who have some money and they want to invest for a long term. So get youngsters 21 year old again, good play on 21. 21 year old person who will want to invest in crypto can come in and then they put in small amount for a long period of time. So that's one side. The second is people who are engineers, doctors, lawyers, professionals, who have money to invest in, but it's very complicated for them to invest. So they should be able to easily go to their app and invest. And so this is the two segments which we look at. We've seen youngsters been growing pretty significantly. They get excited by the technology, they are more risk takers. So they get involved. And they are they're in for a long term. So they enjoy this stuff. So that kind of community is also growing significantly for us.

Matt Zahab:

 13:43

And there are a multitude of exchanges in the markets and again, your bread and butter is being the exchange however you do have a multitude of products but on the exchange side, what differs from you to your competitors? There are so many exchanges. What would you tell the rookie coming into the crypto market? Why would they choose between one over anyone else?

Nitin Agarwal:

 14:08

So I think the most important thing rookie needs is an easy way to invest using local payment methods. So that's one thing which differentiate. So we have plenty of local payment methods which you can use to invest in. The second thing which a rookie looks at is can they invest easily and what we have done is the rookie can create their own portfolio. So you can create a portfolio of 10% Bitcoin 20% Ethereum 50% dash or Litecoin or Bitcoin cash and then invest in one click easily on that platform on B21 on that portfolio. So these are two major things which differentiate. We do not have any crypto language of trading spot trades or leverage trading all that stuff is not there. It is purely for the rookies, for the new guys to come, no technical jargons means just a simple way, people talk about fiat currencies. And if you go and talk to common people, they will not even understand what Fiat currency is. For them, it is dollar or euro or pound or Indian rupee, it has nothing to do with fiat. They don't even understand the word. So, what we have done is we've taken all that complication out. And it's extremely simple to invest using one click, using local payment methods into your basket or your portfolio of coins. That's how we differentiate significantly here.

Matt Zahab:

 15:35

Interesting. So folks, for those of you at home, it is primarily the ease of transfer regarding a fiat to crypto transaction. Fiat is your local currency, whether that's Canadian dollars, US dollars, euros, Indian rupee, so on and so forth. The ease of transacting and and transferring those Fiat dollars to cryptocurrency is a huge problem in many exchanges. And B 21 is really working on fixing this issue. Speaking of currencies as a whole before we go back into b 21. I know there's been a lot of talks in India regarding the digital rupee. What's your two cents on that?

Nitin Agarwal:

 16:17

So, look, we have not seen any major economic bringing about digital rupee yet. And the government says that they are working on it, there will be pilots, I think it will be a very significant play, if major economic trends without a digital rupee or digital currency, or a centrally backed digital currency. So I think that there are works in progress. I think that it will happen. I don't know when but I am sure the future is for that only. And I personally am extremely excited. In my personal time I spend a lot on that side as well. It's something which is needed in the industry to take it to the next level for the next I don't know, 5 10 20 years as well. So very excited, it will happen. I think, well, it has to be thought through. So we'll see how it evolves. But here if India will be the first one, I saw, I read Balaji's entire paper about that. He brings in a very good point. But yeah, there are more than that which needs to be addressed, I guess, from the government. And it's a leap of faith, which has to be taken and it'll probably go in stages, right? So such a massive thing, If you have to do it has to go in stages. So hopefully it happens soon. Very excited for that to come in fruition.

Matt Zahab:

 17:44

Well heck, China's already doing it, you see that? It's literally, it's being rolled out as we speak.

Nitin Agarwal:

 17:49

Yes, I see that. The thing is that we do not know exactly. China has its own stories, right. So while we do not know, how it has been implemented, what are the connections, etc, etc. While I've seen some trials, etc. For sure, a lot more has to be seen from here. I think that in the next five years or so we will see many, many mainstream, centrally backed digital currencies come out. In fact, we think that stable coins... we're working on something or we are thinking about something on that side, but it's going to be revolutionising in the space once the government also comes about. If you think about it, it actually gives the ease of transfer, the technology is much better on that. So there are many, many significant advantages there. You can actually, it's immutable blockchain. So it is something which is very, very promising, I would say.

Matt Zahab:

 18:57

And back to the whole currency aspect as well. India has tried to ban crypto many times and is still thinking of doing it. A lot of people have different takes on this. Everyone in the crypto community thinks Oh, it's absolute nonsense. And it's pretty darn hard to ban crypto as there's always ways around VPN, so on and so forth. What's your two cents on this problem?

Nitin Agarwal:

 19:21

So the thing is that from the India standpoint, India has never banned like banned sites which can be used via VPN, etc. And we has not known a lot for that, off late there have been some things. But I think the way it will come out is that there has to be a proper framework, what we've also seen and that's not only in crypto, but in any new industry, there are bad actors as well. And there needs to be education. If people try and come in for quick money, that hey, I'll put in money, in three days it will be three times and I'll take it out and I'll be happy and rich, that doesn't work. So, I think there needs to be some kind of regulatory framework which will come out in India in coming months and maybe in weeks and months. But I think that till then there will be some kind of an uncertainty always there like it's there everywhere in the world as well. There is no, at this point of time, I would say it is not illegal, there is no law which says that you cannot hold manage transact in crypto. Banking support globally, it is an issue. So we see it in Europe, we see it in North America, we see it in Asia as well. So that I think will remain because for the foreseeable future, but I think soon there should be some kind of a regulatory framework which India should put together. That's what I would hope for and wish for.

Matt Zahab:

 20:54

Very well said, I want to take a quick break and give a shout out to our sponsor of the show, coinpoker. Our listeners have heard me talk about their team many times. They are absolutely incredible. I love them. They're the revolutionary blockchain technology based platform that was developed by an incredible team of poker lovers and sports gamblers. I use these guys all the time they have the mobile app. Whenever I'm on the go, I whip it out. play a couple hands Texas Hold'em or bet on sports, it is playoff season, you have playoff hockey playoff basketball, you have the Belmont Stakes coming up you have Champions League Final you have Euros in the summer, it is an absolute treat of a time and the best season to bet on sports as well. Of course you need to be of age and you need to bet responsibly. Coinpoker also features instant and secure transactions using USDT Ethereum, Bitcoin and $CHP tokens, which has almost been a stable coin as of recent, more than stable coin. It has the growth of a alt coin and the stability of a stable coin, what a treat. Another amazing part about coin poker is the fact that they do not have KYC, you literally sign up, you are up and running in five minutes, and you're good to go. Coin poker users also get huge promotions as they can voice 1000s and fiat every single week. And again, just incredible team, tons of benefits. Tons of future developments always delivered to the coin poker community. And you can check these guys out on coin poker.com please do check out coin poker.com and Nitin, quick question for you. Are you a poker guy at all?

Nitin Agarwal:

 22:28

Well, back in the day, I used to play poker. In fact, my party gaming, I know the founders of party gaming, which brought poker online. So that was one of the history of In fact, it began, we talked about Gibraltar, that company which brought poker online, that was based out of Gibraltar.

Matt Zahab:

 22:57

I swear every company, every sports, gambling, and poker website was based out of the big g rock at one time.

Nitin Agarwal:

 23:05

Yes, those were the days so yes, I used to play but not anymore. Not too often these days. Yeah.

Matt Zahab:

 23:10

And tell me your favorite hand in the hole. My favorite hands is probably. If you give me king queen of hearts, I'm gonna wipe the board. What's your favorite hand in the hole for Texas?

Nitin Agarwal:

 23:19

Very difficult to say, I don't never think about it that ways, but maybe a pack of Queens, just for the luck of it.

Matt Zahab:

 23:28

I love it. I absolutely love it. Let's go back into B21. Now, you brought up the fact that you guys have really made some movements in the staking aspect and really getting that yield that APY. Before we get into that, could you just tell our users what exactly staking means because you hear that term thrown around all the time. And I'm sure a lot of people want a good definition of the term staking

Nitin Agarwal:

 23:50

So what we did was we made it absolutely simple. So if you have a portfolio of coins, let's say you have Bitcoin Ethereum Litecoin your stash Bitcoin cash, let's say five or seven coins, polka dot, okay, and more. So let's say 10 coins you have, it's very difficult to stake all of them. So you'll have to move them on chain off chain, you'll have to move with different platforms etc. So what we made it is single click. So literally a green button, just take the entire portfolio, you press the green button, the entire portfolio gets staked. And when I say staked, it actually earns your yield. So it is actually, now you can think about it that this portfolio is in your savings account. And you get yield on top of it. You get rewards or you get interest on top of it. That's what staking for us is, we made it absolutely simple. And for our users, and the good thing about is there's no lock so you can unstake it at any given point of time. Anytime you want to sell just unstake at a press of a button, all the coins will get unstaked and then you can spend or you can sell those coins. So, it's very, very simple. We use one of the top names in the industry, which is Celsius to power this. So the yield is one of the best ones in the DeFi space to give it to the user, so we've taken it a notch higher, significantly higher by making it simple, but still getting the best yield out there in the DeFi space.

Matt Zahab:

 25:36

Talk to me about the sponsorship with Celsius and Alex Mashinsky. We had him on the pod, he absolutely crushed it. What an incredible man, he is something else. He's a very rare breed and just oozes the half genius half revolutionary leader. Again, very special human, people like him do not grow on trees. Tell me about you know, forming a business partnership with Alex Mashinsky and the Celsius team.

Nitin Agarwal:

 26:07

It was great. In fact, we did a live AMA with him last week. In fact, interestingly, it was again on the 21st of may. 21 came in and we spoke about 21, 21 and 21. So it was 21st Day of 21st century of the 21st year. So it was great and so he's an incredible man. We spoke, we actually bind by the same ethos. I think the way we think is that we have to bring in the next 100 million people to the industry, right? That's what our resin retailer has been ,our reason of existence has been, our mission statement has been, and somehow that binds us. He brings in tremendous value from his side, we bring in tremendous value from our side. We only try and work with the best in the industry. And he's certainly, or they certainly are the best in the industry. The yield is real, I call it real yield. It is not yield given from... it has a business model around it, it is not the yield given from investor's money or the yield given from company's treasury. It is real yield which is backed by a sound business model. So, it was absolutely a pleasure working with him knowing him and the team and having a great conversation with him. It is always inspiring to work alongside those industry stalwarts. Right.

Matt Zahab:

 27:36

Yeah, when I saw that when I was doing research for the show, that always put a smile on my face seeing that you guys got to work together. And a really cool partnership and a much needed one as well. Another really cool product that B21 has is the international cards. Now, international cards can mean so many different things, can you just tell our listeners what exactly that means and how powerful of a tool that is.

Nitin Agarwal:

 28:00

So what has happened in the industry. And this has been my background. Personally, I've invented the first Bitcoin debit card, way back in 2014. And what we saw that when we left that industry or left that product in 2018, there has not been a solution specifically catering to the global needs. So we went back on the drawing board. And we said, we found that a lot of cards are available for Europe, and for US. But the cards are not available for the Asian region. And our focus being the Asian region, we went back to the drawing board and said that, hey, users want cards. Let's figure that out. So we have an international card which is a visa powered card, which can be used internationally but also can be given to international users to specifically to Asian users are the non US or non European users where this product is available right now in the market. So our product, our card is international in nature. People from Asia, from South America, from Africa, can get that card and use the crypto to fund it and spend. So it's one of the cool innovations we have done there.

Matt Zahab:

 29:23

That is big. like we spoke about, One of the biggest problems is the fiat to crypto onboarding ramp. Makes life very difficult many times. Now B21 is also live in 82 countries now I believe it's even higher than 82 countries with 1000s of users. And it will soon be close to that million user mark. How big of a nightmare is it obliging with each country's you know, regulatory aspects and how do you get around those hurdles? Or I guess over those hurdles is the better question.

Nitin Agarwal:

 29:54

So few things. We are working on our own licensing. So we have the stuff which is already there, we are partnering with the big licensed players as well. So other thing also is currently we are using prime crust, which is one of the biggest license custodial out of US. And that's why the 82 countries where we are growing and much more than that, that also covers us. So if you see that not a lot of countries are on the apps etc, cover the US. And that's because US is the most tricky or complicated market when it comes to regulation. And we chose to go head on. So we work with the regulated custodial, their insurances are built in. And it's more important to have the safety in the system, right. So your safety of your assets. So that's all built in. Like I was talking to you earlier, the most important thing here for the newbies and for the next 100 million people is trust. They need to have trust in the platform in which they are investing in or the platform which they are using. And that comes by having an insured custodian in place. And that's what we do. It's a nightmare to work. It's not only a nightmare, you think only from a compliance standpoint, it's a nightmare. But trust me, it's a nightmare from language standpoint, it's a nightmare from document verification, where you do the KYC of customers, right from east to west, right from English to various different languages in Asia. And it's complicated. And that's the challenge which we as a team have taken, and it's nonstop. We've just accustomed to it and trying to deliver value to our community and to the future community which we build.

Matt Zahab:

 31:51

Well said there. B 21 also has a token. Now, we've had a lot of guests on the show who do have their own tokens, their own cryptocurrencies. One of the questions I like asking, and our listeners are very curious in regards to how do you plan the token launch? Like if you could walk us through the process from inception? regarding what utility Are we going to give to the token to the tokenomics? What's the split? How much are we going to give to the creators, the community, the platform? Are we ever going to do a burn? Can you walk me through the whole process of literally creating a token to bring it to market,

Nitin Agarwal:

 32:28

I think the most important point, again, is about trust, right? So you have to make sure that the trust is instilled using the token as well. So most important thing in the token is that it is a utility token. You can consider it to be a token like binance, like $BNB token. That's what we modeled it for, there is a huge utility on the token as well, and many more exciting things coming about. From a token standpoint, we are listed on decentralized exchanges, as well as centralized exchanges like bitfenix, which is one of the big ones we're listed on and the token is doing well. It can certainly do much better, but it's doing pretty well. It has given returns to all investors, the market has slammed most of the alt coins, as we say, but we have significant growth coming, I think, and we don't have a defined pool of burn of tokens, what we have is that based on the performance of the organization or the growth in the ecosystem, we will burn the token. But one of the biggest utility of the token is that you can buy the token and stake the token on our platform or on B21 app and upgrade your level to VIP level which not only gives you lower fees, but also gives you a free card. So you can get your free card by just staking your tokens and you'll get your free card which you can use globally and spend your crypto easily. So the utility of the token is actually built in within the platform within the usage of the other platform. And as the growth of the platform happens the token growth will also happen, so it's very much tied and we have a lot of exciting things coming on the token side as well in coming days.

Matt Zahab:

 34:21

Can you give me any snippets into what's gonna pop off for now?

Nitin Agarwal:

 34:24

Well, first that its right now already on ERC 20 as well as pancake swap, which is a binance smart chain, but more coming. For example, we are moving on Matic chain, we are moving on some other taxes which are on other chain as well. So it's a truly multi chain token. Then other things which are coming about is that this is actually very, very exciting thing which we are bringing about that if you stake your token and you get a higher, get your VIP level, then we will give you for international users, we will give them a dedicated US Dollar Bank Account along with B 21. So B 21 becomes your full crypto play where you can have a dedicated International Bank account from US, as well as the entire crypto portfolio and other services which we have. So that's a big thing. And specifically for international audience, getting a good US Bank Account, which is crypto friendly, actually changes the whole dimension here. So something to share, not yet shared with the community yet. But that's in the works, and will come out soon.

Matt Zahab:

 35:39

Love that. That's awesome. I'm really happy for you and the team. Nitin this has been great. I've learned a lot. I do have a couple more questions before we wrap up, little rapid fire questions coming at you hot. Bitcoin at 100k. When is that going to happen?

Nitin Agarwal:

 35:57

Hopefully in 2021. But not far away I would say. I think I don't give numbers. I think that where we are, it's good to stabilize it a little bit at 40k. I think we will stabilize somewhere after 40k or something around 65 66k. And then you will see significant growth come in. I also think that retail has to participate more. Right now still, the volatility is much higher, because there's a lot of traders and techies there. So with the growth of platforms like B21 and even for that matter Celsius who's aiming for 100 million users etc. It will bring in the new 100 million users in crypto space. That will be a defining factor more and more people come in and retail come in in crypto, that will take the value to 100k. I think in 2021, I hope in 2021. But I think maybe we are 12 months away. So maybe mid 2022. That's what I will go to. But certainly very soon.

Matt Zahab:

 37:06

That's more than fine with me as well. What do you think Satoshi is?

Nitin Agarwal:

 37:10

Who do think Satoshi is? Well, I don't know who Satoshi is? I think whoever he is, I give him big respect. Because I think somehow by being anonymous, that actually changed the entire dynamics of Bitcoin itself. I would also say we ourselves, when you work selflessly, and you work for the community, for the humanity, you succeed, right? I think in our friend circle, we say that you just be Satoshi, you just keep doing your stuff, you keep doing the right thing for the community for the society, and the rest will follow. So it's become synonymous to doing good things without thinking about the outcome of it. And I think that's what Satoshi stands for to me. It's more of a philosophy and a feeling now, if you will.

Matt Zahab:

 38:14

No, I totally get that. Another question for you. You and I talked about traveling before we jumped on the pod here. What's your favorite city in the world? I know that's a tough one. But if you could only pick one city to spend a year in what would that be?

Nitin Agarwal:

 38:27

I would go to south of Spain. I think I would go to sotogrande or Marbella Malaga and stay there. I think I like it because one, it's nice and sunny, you have great things to do, you can do hiking, you can go skiing, etc. But apart from that you have the ocean as well. But apart from that, I think one of the very interesting points which I found and specifically in Spain is that you can take your kids out till late at night and go drinking. So it's like, it's a different culture. We go with friends and family and you're sitting out and eating and drinking and the kids playing in the park right next to you, or kids are right there next to you. It's a completely different culture and I love it. So if I have a chance and I have to spend a year I will just spend somewhere in in Marbella, or Malaga right there.

Matt Zahab:

 39:27

I've been to those two places as well. Absolutely incredible, amazing food and amazing people. Like you said that life is great. I don't know if I'm a huge fan of eating dinner at like, you know, 10:30pm every night but it's definitely an easy life to live.

Nitin Agarwal:

 39:41

Okay. Yeah, it's about it allows you to have the freedom to do that. Right? You can go and you don't have to figure out hey where should I leave my kids if I'm going partying if I'm going clubbing? You can just take them along, and I've not seeing that happen anywhere else in the world. Interesting place.

Matt Zahab:

 39:58

Amazing. Well, this has been an absolute blast. I really appreciate you jumping on. Before we let you go. Can you please tell our guests where they can find you on social media and where they can find B21.

Nitin Agarwal:

 40:09

Oh, so I am very active on social media, my internet presence is nityn. So you can find me on Twitter n i t y n, I'm available on LinkedIn and others as well. We have a very, from a B 21 standpoint, on Twitter, we have a very good community growing, we have a telegram community growing as well. But interestingly, because we are for the common people for the masses, we have a very good community growing on Instagram. So find us on B 21 Official B21 invest on Instagram and on Twitter. And myself personally on nit y n on a lot of channels. So

Matt Zahab:

 40:49

You got it. Nitin thanks so much for jumping on, really appreciate it. And we will definitely have you in the team on for round two in the future. But until then, thanks again and wish you all the best.

Nitin Agarwal:

 40:58

Thank you. Thank you Matt. Lovely, great talking to you. Love being here. It was an absolute pleasure chatting w th y

Matt Zahab:

 41:05

Thank you so much. Appreciate it. Folks, this is the crypto news podcast today we had Nitin Agarwal on CEO and ounder of B 21 crypto ex hange, one of the biggest and b st in the world. If you liked t is episode, and we hope you d d, it would mean the world if y u could subscribe as you know w drop episodes every Monday, W dnesday and Friday morning. We w ll keep doing that for the f reseeable future. As always a preciate you love you hope y all have a wonderful rest of t e day. Whether that is your m rning, afternoon, evening, or a solute middle of the night. D esn't matter. Love you, a preciate you and we'll see you in a couple days. Until then. All the best. Have a good one. Bye.