1 00:00:01,240 --> 00:00:01,600 Speaker 1: Earners. 2 00:00:01,639 --> 00:00:02,000 Speaker 2: What's up. 3 00:00:02,080 --> 00:00:04,560 Speaker 3: You ever walk into a small business and everything just 4 00:00:04,720 --> 00:00:07,880 Speaker 3: works like The checkout is fast, the receipts are digital, 5 00:00:08,400 --> 00:00:11,399 Speaker 3: tipping is a breeze, and you're out the door before 6 00:00:11,400 --> 00:00:15,560 Speaker 3: the line even builds. Odds are they're using Square. We 7 00:00:15,720 --> 00:00:18,280 Speaker 3: love supporting businesses that run on Square because it just 8 00:00:18,280 --> 00:00:21,520 Speaker 3: feels seamless. Whether it's a local coffee shop, a vendor 9 00:00:21,560 --> 00:00:23,840 Speaker 3: at a pop up market, or even one of our 10 00:00:23,880 --> 00:00:27,560 Speaker 3: merch partners, Square makes it easy for them to take payments, 11 00:00:27,760 --> 00:00:31,480 Speaker 3: manage inventory, and run their business with confidence, all from 12 00:00:31,600 --> 00:00:35,000 Speaker 3: one simple system. If you're a business owner or even 13 00:00:35,080 --> 00:00:38,600 Speaker 3: just thinking about launching something soon, Square is hands down 14 00:00:38,640 --> 00:00:41,680 Speaker 3: one of the best tools out there to help you start, run, 15 00:00:41,920 --> 00:00:45,240 Speaker 3: and grow. It's not just about payments, it's about giving 16 00:00:45,240 --> 00:00:47,920 Speaker 3: you time back so you can focus on what matters 17 00:00:47,960 --> 00:00:51,199 Speaker 3: most Ready. To see how Square can transform your business, 18 00:00:51,479 --> 00:00:56,120 Speaker 3: visit Square dot com backslash go backslash eyl to learn 19 00:00:56,160 --> 00:01:01,360 Speaker 3: more that Square dot com backslash, go backslash eyl. Don't wait, 20 00:01:01,640 --> 00:01:04,480 Speaker 3: don't hesitate. Let's Square handle the back end so you 21 00:01:04,480 --> 00:01:10,839 Speaker 3: can keep pushing your vision forward. This episode is brought 22 00:01:10,840 --> 00:01:12,760 Speaker 3: to you by P and C Bank, a lot of 23 00:01:12,760 --> 00:01:16,360 Speaker 3: people think podcasts about work are boring, and sure they 24 00:01:16,440 --> 00:01:20,319 Speaker 3: definitely can be, but understanding of professional's routine shows us 25 00:01:20,319 --> 00:01:24,840 Speaker 3: how they achieve their success little by little, day after day. 26 00:01:24,959 --> 00:01:27,440 Speaker 3: It's like banking with P and C Bank. It might 27 00:01:27,560 --> 00:01:30,440 Speaker 3: seem boring to save, plan and make calculated decisions with 28 00:01:30,480 --> 00:01:33,520 Speaker 3: your bank, but keeping your money boring is what helps 29 00:01:33,520 --> 00:01:36,640 Speaker 3: you live a more happily fulfilled life. P and C 30 00:01:36,760 --> 00:01:41,920 Speaker 3: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since 31 00:01:41,959 --> 00:01:44,520 Speaker 3: eighteen sixty five is a service mark of the PNC 32 00:01:44,720 --> 00:01:48,680 Speaker 3: Financial Service Group, Inc. P and C Bank National Association 33 00:01:48,880 --> 00:01:49,880 Speaker 3: Member FDIIC. 34 00:01:51,640 --> 00:01:54,160 Speaker 4: You talked about in the class who talked about bitcoin 35 00:01:54,960 --> 00:01:57,280 Speaker 4: and their four your cycles and Charque Austin when he 36 00:01:57,320 --> 00:02:00,600 Speaker 4: had mentioned the four year cycles of bitcoin. In that situation, 37 00:02:01,800 --> 00:02:05,160 Speaker 4: this year would actually be projected to be the best 38 00:02:05,240 --> 00:02:08,600 Speaker 4: year for bitcoin in its four year cycle because usually 39 00:02:08,639 --> 00:02:13,760 Speaker 4: bitcoin the last year of the run is the strongest run. 40 00:02:13,840 --> 00:02:16,919 Speaker 4: That's what has happened historically, and this would be that 41 00:02:17,040 --> 00:02:19,800 Speaker 4: last year of the four year cycle, and then twenty 42 00:02:19,800 --> 00:02:21,359 Speaker 4: twenty six would be the worst year. 43 00:02:21,760 --> 00:02:24,440 Speaker 2: That's how it kind of trades off historically. 44 00:02:25,360 --> 00:02:29,560 Speaker 4: So if that's of any indicator, then twenty twenty five 45 00:02:29,560 --> 00:02:35,560 Speaker 4: would be a great year for bitcoin if history repeats 46 00:02:35,560 --> 00:02:38,080 Speaker 4: itself once again. It might not repeat itself, who knows, 47 00:02:38,680 --> 00:02:46,360 Speaker 4: but historically speaking, twenty twenty five historically would be a 48 00:02:46,440 --> 00:02:50,560 Speaker 4: great year for bitcoin if it follows that same pattern 49 00:02:51,280 --> 00:02:54,679 Speaker 4: that it has followed for the last fifteen years. 50 00:02:54,960 --> 00:02:55,200 Speaker 1: Yeah. 51 00:02:55,639 --> 00:02:58,720 Speaker 3: Yeah, And I think that's why it's important that we 52 00:02:58,800 --> 00:03:02,680 Speaker 3: drew that parallel between Bitcoin and some of these stocks 53 00:03:02,680 --> 00:03:06,840 Speaker 3: that are on the trading and nastac because the same 54 00:03:07,000 --> 00:03:09,680 Speaker 3: energy that it takes to mind is the same energy 55 00:03:09,680 --> 00:03:12,400 Speaker 3: that it takes to create some of these semiconductors. They 56 00:03:12,400 --> 00:03:14,880 Speaker 3: all house inside of the data centers, and so that 57 00:03:14,919 --> 00:03:17,640 Speaker 3: infrastructure around who's creating it, who's having the power that 58 00:03:17,720 --> 00:03:20,160 Speaker 3: runs to it, who is the connectivity that's going to it. 59 00:03:20,520 --> 00:03:22,120 Speaker 3: All those things are going to matter. So you can 60 00:03:22,200 --> 00:03:24,720 Speaker 3: see like even a company like micro Strategy, right, if 61 00:03:24,720 --> 00:03:27,359 Speaker 3: Bitcoin is going to perform well, then this is another 62 00:03:27,400 --> 00:03:31,079 Speaker 3: company that we presumably would perform well as well. 63 00:03:31,360 --> 00:03:34,240 Speaker 4: Micro Strategy brought five hundred million of bitcoin, which is 64 00:03:34,480 --> 00:03:37,800 Speaker 4: the seventh week in a row. Is but it's noticeably 65 00:03:37,960 --> 00:03:41,240 Speaker 4: less than what they had been buying and what they 66 00:03:41,240 --> 00:03:42,760 Speaker 4: were projected to buy and I think they were projected 67 00:03:42,800 --> 00:03:45,280 Speaker 4: to by one point five billion or even two billions. 68 00:03:45,320 --> 00:03:47,920 Speaker 4: So they did they did continue. They continued this streak 69 00:03:47,920 --> 00:03:52,880 Speaker 4: and buying bitcoin, but they did purchase lower. And think 70 00:03:52,920 --> 00:03:54,760 Speaker 4: their average buying for the last couple of weeks has 71 00:03:54,760 --> 00:03:57,120 Speaker 4: been one hundred and six thousand dollars, so they brought 72 00:03:57,200 --> 00:04:00,720 Speaker 4: at high prices, but they have continue to think they 73 00:04:00,720 --> 00:04:02,680 Speaker 4: have continue to keep mind. So I think they bought 74 00:04:02,680 --> 00:04:05,520 Speaker 4: five hundred million dollars a bitcoin. Yeah, but that is 75 00:04:05,640 --> 00:04:09,040 Speaker 4: that is less than what they have been. 76 00:04:08,920 --> 00:04:10,200 Speaker 1: By, which is interesting. 77 00:04:10,240 --> 00:04:12,480 Speaker 3: If you watched their chart last week, you saw that 78 00:04:12,520 --> 00:04:15,040 Speaker 3: there was a pullback. Well, they sold shares to buy 79 00:04:15,040 --> 00:04:18,799 Speaker 3: more bitcoin, and so that that parallel. 80 00:04:18,880 --> 00:04:19,599 Speaker 2: I mean, it's interested. 81 00:04:19,680 --> 00:04:24,240 Speaker 3: They now have passed black rocking ownership of bitcoin right 82 00:04:24,240 --> 00:04:28,120 Speaker 3: with the latest purchase, which is like, okay, it's impressive. 83 00:04:28,320 --> 00:04:30,800 Speaker 3: We're going for it, like we're going for I think 84 00:04:30,800 --> 00:04:34,120 Speaker 3: they now at almost five hundred thousand bitcoin and black 85 00:04:34,160 --> 00:04:36,120 Speaker 3: Rocks right around four hundred and seventy two thousand or 86 00:04:36,160 --> 00:04:39,640 Speaker 3: something like that. He's going for it, man, he's going. 87 00:04:39,600 --> 00:04:42,400 Speaker 1: Larry got to hit that button like more than once. 88 00:04:42,440 --> 00:04:46,360 Speaker 1: They gotta hit accept. So the other orders go through so. 89 00:04:47,839 --> 00:04:49,560 Speaker 2: He can do it. Yep. 90 00:04:50,920 --> 00:04:53,479 Speaker 1: Yeah, that's all I got to say about that. But 91 00:04:53,600 --> 00:04:58,000 Speaker 1: next year revelation coming, we'll go ahead. 92 00:04:59,560 --> 00:05:00,520 Speaker 3: More money to be made. 93 00:05:01,080 --> 00:05:03,800 Speaker 2: Relationship relation on what for black rotten. 94 00:05:04,400 --> 00:05:15,520 Speaker 1: For Yep yeap shot to langlay monument. 95 00:05:15,560 --> 00:05:16,760 Speaker 3: He gotta get a monument somewhere. 96 00:05:16,880 --> 00:05:21,440 Speaker 5: Appreciate y'all. Y'all, we're talking about my shoutouts from a 97 00:05:21,480 --> 00:05:23,680 Speaker 5: shout out. Who I want to shout out to do 98 00:05:23,760 --> 00:05:26,840 Speaker 5: what I want to do? When is micro Strategy arn 99 00:05:26,880 --> 00:05:27,440 Speaker 5: to call again? 100 00:05:29,680 --> 00:05:31,000 Speaker 1: I'll get you in two seconds. 101 00:05:31,480 --> 00:05:33,280 Speaker 5: I don't want to see that profit. You're gonna look 102 00:05:33,279 --> 00:05:34,960 Speaker 5: it up just to go see what the profit margin is. 103 00:05:35,120 --> 00:05:36,960 Speaker 5: But no, I will give him credit for not buying 104 00:05:37,000 --> 00:05:39,839 Speaker 5: as much for adding such a higher price. If it 105 00:05:39,839 --> 00:05:42,559 Speaker 5: gets back into the nineties, I think they're definitely should 106 00:05:42,600 --> 00:05:43,000 Speaker 5: buy more. 107 00:05:43,200 --> 00:05:47,039 Speaker 4: It's nineties nineties now, which is helpful because that so 108 00:05:47,080 --> 00:05:51,760 Speaker 4: I think it's ninety two, ninety three, ninety two ish, 109 00:05:52,000 --> 00:05:57,440 Speaker 4: ninety three ish, So yeah, I think low nineties. I 110 00:05:57,440 --> 00:05:59,680 Speaker 4: think we'll be an attractive price if it gets to 111 00:05:59,720 --> 00:06:01,280 Speaker 4: the eight East. You got it, you got it. 112 00:06:01,600 --> 00:06:03,640 Speaker 1: Yeah, definitely definite buy at that point. 113 00:06:03,800 --> 00:06:04,920 Speaker 2: You gotta like it in the eighties. 114 00:06:04,960 --> 00:06:07,640 Speaker 3: We all circle seventy seven, and we heard a couple 115 00:06:07,720 --> 00:06:09,920 Speaker 3: of people. We watched charts as well. But uh, when 116 00:06:09,960 --> 00:06:12,440 Speaker 3: he talked to Mike Novogratz, he was saying that seventy 117 00:06:12,480 --> 00:06:15,159 Speaker 3: seven number. And I went back and looked at the 118 00:06:15,200 --> 00:06:18,000 Speaker 3: charts the same way that you read a stock charge, 119 00:06:18,040 --> 00:06:19,400 Speaker 3: the same way. You can look at the point and 120 00:06:19,440 --> 00:06:22,120 Speaker 3: you can start looking at what a pullback is going 121 00:06:22,200 --> 00:06:23,839 Speaker 3: to be. You can start to see what support is that, 122 00:06:23,880 --> 00:06:26,640 Speaker 3: where the resistance is at. That's seventy seven or seventy 123 00:06:26,680 --> 00:06:27,240 Speaker 3: nine number. 124 00:06:27,720 --> 00:06:29,839 Speaker 4: No, or what he said was that he doesn't he 125 00:06:29,839 --> 00:06:31,920 Speaker 4: said if he gets to seventy seven and that's something 126 00:06:31,960 --> 00:06:32,960 Speaker 4: went wrong, he. 127 00:06:32,880 --> 00:06:33,359 Speaker 2: Didn't think that. 128 00:06:33,760 --> 00:06:35,320 Speaker 1: No, he said he said it would pull back. 129 00:06:35,360 --> 00:06:36,560 Speaker 4: No, he said he didn't think that it was gonna 130 00:06:36,560 --> 00:06:38,359 Speaker 4: get his lowest. He didn't think it's gonna get to 131 00:06:38,480 --> 00:06:40,039 Speaker 4: where it was pre election. 132 00:06:39,800 --> 00:06:40,360 Speaker 2: With seventy seven. 133 00:06:40,360 --> 00:06:42,039 Speaker 4: He didn't think it's gonna get to you because he said, 134 00:06:42,080 --> 00:06:44,839 Speaker 4: remember he said, if it gets there, something went wrong. 135 00:06:45,560 --> 00:06:46,960 Speaker 4: I was like, I don't think it gets back to 136 00:06:47,000 --> 00:06:48,760 Speaker 4: seventy seven. That's what that what he said, He's like, 137 00:06:48,760 --> 00:06:50,440 Speaker 4: he didn't think it was gonna get back to seventy seven. 138 00:06:52,400 --> 00:06:55,560 Speaker 1: Okay, yeah, I see it there. I mean, but that 139 00:06:55,560 --> 00:06:57,560 Speaker 1: would be a hell of a buying price though, right, 140 00:06:57,600 --> 00:06:59,039 Speaker 1: and I see it then? Yeah. 141 00:06:59,120 --> 00:07:00,560 Speaker 3: Right, if you look, if you look at his lines 142 00:07:00,600 --> 00:07:03,080 Speaker 3: of a tracement, like is there, you can see like 143 00:07:03,320 --> 00:07:04,240 Speaker 3: there will support there. 144 00:07:06,400 --> 00:07:08,000 Speaker 1: What would cause it to get that low? 145 00:07:09,520 --> 00:07:11,160 Speaker 2: That was his thing. He was like, something had to 146 00:07:11,160 --> 00:07:11,440 Speaker 2: go over. 147 00:07:11,560 --> 00:07:15,880 Speaker 3: Yeah, we don't know what what what causes it to 148 00:07:15,880 --> 00:07:16,320 Speaker 3: go high? 149 00:07:17,200 --> 00:07:18,280 Speaker 1: It's just one of these things, like. 150 00:07:18,520 --> 00:07:21,160 Speaker 4: It's causes to go high? Is that Trump's appointing. He's 151 00:07:21,160 --> 00:07:25,000 Speaker 4: talking about the Federal Reserve people from the most of 152 00:07:25,040 --> 00:07:29,960 Speaker 4: that ro Crypto black Rock buying, tournavid Ua buying fifty billion, 153 00:07:30,040 --> 00:07:31,280 Speaker 4: Like that's what's causing it to go high. 154 00:07:31,440 --> 00:07:33,920 Speaker 3: That But those things are kind of baked into it, right, 155 00:07:34,000 --> 00:07:36,880 Speaker 3: you can watch that climb when they already started predicting 156 00:07:36,920 --> 00:07:39,680 Speaker 3: this when in September, when we started saw it, it 157 00:07:39,800 --> 00:07:42,400 Speaker 3: started to appreciate, right with just the thought that he 158 00:07:42,480 --> 00:07:46,200 Speaker 3: was going to win then you might name a czar. Yeah, 159 00:07:46,240 --> 00:07:47,600 Speaker 3: and once he actually want it was like all right, 160 00:07:47,600 --> 00:07:49,640 Speaker 3: now let's take off, and then it was like all right, well, 161 00:07:49,880 --> 00:07:50,800 Speaker 3: what's moving it now? 162 00:07:51,280 --> 00:07:52,240 Speaker 1: Like what is the catalyst? 163 00:07:52,280 --> 00:07:55,400 Speaker 2: Now you that's it. That's what I'm saying. It's just hypothetically, Like, 164 00:07:55,440 --> 00:07:56,120 Speaker 2: all right, I. 165 00:07:56,120 --> 00:07:58,000 Speaker 4: Don't think it's hypothetically because, like I said, you still 166 00:07:58,000 --> 00:08:00,800 Speaker 4: see Michael Strategy buying you buy two billion, a billion 167 00:08:00,880 --> 00:08:02,880 Speaker 4: dollars the worth of bitcoin every single week. 168 00:08:02,960 --> 00:08:05,320 Speaker 2: That's that's real. That's happening in real time. They've consistently 169 00:08:05,320 --> 00:08:05,520 Speaker 2: done that. 170 00:08:05,600 --> 00:08:08,040 Speaker 4: They said, you ate, but I'm saying that they they're upping. 171 00:08:08,080 --> 00:08:10,200 Speaker 4: They're anty that you ate. They said fifty billion, that's 172 00:08:10,240 --> 00:08:11,800 Speaker 4: that's a rule. I don't know if that's true or not. 173 00:08:13,160 --> 00:08:13,600 Speaker 2: They said that. 174 00:08:13,600 --> 00:08:16,120 Speaker 4: They just did that, right, So now you're going to 175 00:08:16,160 --> 00:08:19,280 Speaker 4: start to see nations. Nations are catching foma, right. 176 00:08:19,160 --> 00:08:21,440 Speaker 1: And there's the bottom my bag. Go ahead. 177 00:08:21,880 --> 00:08:24,400 Speaker 4: So no, that's that's things that's really happening in real time. 178 00:08:24,440 --> 00:08:26,600 Speaker 4: And then, like I said that on a political rhetoric, 179 00:08:27,040 --> 00:08:29,120 Speaker 4: when Trump is saying that, you know, talking about a 180 00:08:29,160 --> 00:08:32,920 Speaker 4: bitcoin reserve for the US, that's that's a historic moment. 181 00:08:33,480 --> 00:08:36,319 Speaker 4: And when he's appointing every single person in his cabinet 182 00:08:36,320 --> 00:08:40,080 Speaker 4: is pro crypto and his son is giving speeches about 183 00:08:40,080 --> 00:08:46,559 Speaker 4: cryptocurrency to foreign entities, these are real, like that's real stuff. 184 00:08:46,600 --> 00:08:50,239 Speaker 4: That's really happening that could actually yeah. 185 00:08:50,240 --> 00:08:52,320 Speaker 3: From yeah, what's the what I'm saying, what's the measure? 186 00:08:52,360 --> 00:08:54,240 Speaker 3: But how do we now gauge where it's supposed to 187 00:08:54,280 --> 00:08:55,600 Speaker 3: go from that? 188 00:08:55,800 --> 00:08:55,959 Speaker 4: Right? 189 00:08:56,000 --> 00:08:58,679 Speaker 3: Because we knew that that was the stance of going 190 00:08:58,720 --> 00:09:01,800 Speaker 3: into it. He's named people already, Yes, we're going to 191 00:09:01,840 --> 00:09:06,200 Speaker 3: be pro crypto. We've been already established that. Yes, there 192 00:09:06,240 --> 00:09:09,600 Speaker 3: will be more countries, but it hasn't happened. 193 00:09:10,320 --> 00:09:12,200 Speaker 4: I think I think when Ian is asking, like if 194 00:09:12,200 --> 00:09:14,640 Speaker 4: for some foid to go down drastic, what would happen? 195 00:09:14,679 --> 00:09:17,520 Speaker 2: What would happen something? It would have to be a government. 196 00:09:17,720 --> 00:09:19,600 Speaker 5: And I think it's a great question for everyone watching 197 00:09:19,600 --> 00:09:21,600 Speaker 5: the technoso for the downtround. 198 00:09:21,120 --> 00:09:22,480 Speaker 1: Go research also too. 199 00:09:22,520 --> 00:09:25,720 Speaker 5: If every nation is starting to be pro crypto, that 200 00:09:25,920 --> 00:09:27,800 Speaker 5: is a head for what is to happen over the 201 00:09:27,800 --> 00:09:28,360 Speaker 5: next four. 202 00:09:28,280 --> 00:09:34,440 Speaker 4: Years inflation and the devalue of dollars across the world. 203 00:09:37,640 --> 00:09:43,280 Speaker 1: That's all one tiktart do, right, Yeah reasons. 204 00:09:43,600 --> 00:09:47,200 Speaker 6: An illegal alien from Guatemala charged with raping a child 205 00:09:47,280 --> 00:09:51,079 Speaker 6: in Massachusetts. An MS thirteen gang member from El Salvador 206 00:09:51,320 --> 00:09:55,480 Speaker 6: accused of murdering a Texas man of Venezuelan charged with 207 00:09:55,520 --> 00:09:59,440 Speaker 6: filming and selling child pornography in Michigan. These are just 208 00:09:59,520 --> 00:10:03,760 Speaker 6: some the heinous migrant criminals caught because of President Donald J. 209 00:10:03,840 --> 00:10:07,600 Speaker 6: Trump's leadership. I'm Christy Noman, the United States Secretary of 210 00:10:07,679 --> 00:10:12,440 Speaker 6: Homeland Security. Under President Trump, attempted illegal border crossings are 211 00:10:12,520 --> 00:10:15,920 Speaker 6: at the lowest levels ever recorded, and over one hundred 212 00:10:15,920 --> 00:10:19,800 Speaker 6: thousand illegal aliens have been arrested. If you are here illegally, 213 00:10:20,320 --> 00:10:23,600 Speaker 6: your next you will be fine nearly one thousand dollars 214 00:10:23,640 --> 00:10:27,800 Speaker 6: a day, imprisoned, and deported. You will never return. But 215 00:10:27,880 --> 00:10:31,440 Speaker 6: if you register using our CBP home app and leave now, 216 00:10:31,800 --> 00:10:34,880 Speaker 6: you could be allowed to return legally. Do what's right. 217 00:10:35,440 --> 00:10:40,400 Speaker 6: Leave now. Under President Trump, America's laws, border and families 218 00:10:40,600 --> 00:10:41,440 Speaker 6: will be protected. 219 00:10:41,520 --> 00:10:43,679 Speaker 1: Sponsored by the United States Department of Homeland Security.