1 00:00:00,200 --> 00:00:02,240 Speaker 1: What if I told you that no matter what you 2 00:00:02,279 --> 00:00:04,440 Speaker 1: think about bitcoin, whether you love it, you hate it, 3 00:00:04,600 --> 00:00:07,240 Speaker 1: or you don't even understand it, well, either way, you're 4 00:00:07,240 --> 00:00:10,760 Speaker 1: going to be completely underprepared for what's about to happen next. 5 00:00:10,800 --> 00:00:14,160 Speaker 1: Because there's a new bill S. Four nine one two, 6 00:00:14,440 --> 00:00:16,720 Speaker 1: and it's about to ignite a chain reaction that sends 7 00:00:16,760 --> 00:00:20,639 Speaker 1: bitcoin further and faster than most anyone can imagine. M 8 00:00:20,680 --> 00:00:22,479 Speaker 1: This isn't just a theory. As a matter of fact, 9 00:00:22,480 --> 00:00:25,239 Speaker 1: this is already in motion. So in this video, I'm 10 00:00:25,239 --> 00:00:27,720 Speaker 1: going to show you what this new bill is, how 11 00:00:27,840 --> 00:00:31,000 Speaker 1: is going to change the global financial system forever, how 12 00:00:31,040 --> 00:00:34,400 Speaker 1: a small nation's experiment gives us a glimpse of what's 13 00:00:34,440 --> 00:00:37,320 Speaker 1: about to come, and why nation state FOMO is going 14 00:00:37,360 --> 00:00:39,440 Speaker 1: to put us on a path to prices that make 15 00:00:39,520 --> 00:00:43,239 Speaker 1: today's numbers look maybe laughable. Now real quick, my name 16 00:00:43,320 --> 00:00:45,760 Speaker 1: is Mark Moss. I've been a tech focused VC investor 17 00:00:45,800 --> 00:00:48,920 Speaker 1: for over a decade. I've been creating bitcoin educational content 18 00:00:48,960 --> 00:00:51,920 Speaker 1: since it was only three hundred dollars. Today, I'm a 19 00:00:51,960 --> 00:00:54,520 Speaker 1: partner at a leading bitcoin VC hedge fund, and I 20 00:00:54,600 --> 00:00:57,200 Speaker 1: coach business owners on investing, and I'm sharing some of 21 00:00:57,200 --> 00:00:59,840 Speaker 1: the data that we use to make long term decisions. 22 00:01:00,280 --> 00:01:04,839 Speaker 1: So let's go all right, let's break this down. Why, 23 00:01:05,120 --> 00:01:08,320 Speaker 1: no matter how bollish you are, you're not bullish enough. 24 00:01:08,319 --> 00:01:10,360 Speaker 1: And if you think this is some big joke in 25 00:01:10,400 --> 00:01:13,479 Speaker 1: a scam, well you're also underprepared. So let's break this down. 26 00:01:13,680 --> 00:01:16,480 Speaker 1: We're talking about S four nine one two. This is 27 00:01:16,600 --> 00:01:19,280 Speaker 1: a real thing. Now, let's rewind the clock. Just a 28 00:01:19,319 --> 00:01:22,560 Speaker 1: few months ago, not too far back, before the presidential 29 00:01:22,560 --> 00:01:25,680 Speaker 1: campaign ended and we still had a race going on. 30 00:01:26,000 --> 00:01:29,080 Speaker 1: I was speaking at maybe the biggest conference in the 31 00:01:29,120 --> 00:01:32,080 Speaker 1: world right now, at least probably the most culturally relevant 32 00:01:32,280 --> 00:01:34,679 Speaker 1: event in the world. Over twenty five thousand people were there. 33 00:01:34,959 --> 00:01:41,240 Speaker 1: Two presidential candidates, so at the highest level, Wall Street people, investors, coders, builders, 34 00:01:41,720 --> 00:01:44,280 Speaker 1: entertainers were all there. I'm talking about the Bitcoin Conference. 35 00:01:44,400 --> 00:01:46,200 Speaker 1: I got to speak on the main stage about two 36 00:01:46,200 --> 00:01:49,480 Speaker 1: hours before Trump was there, and at the time RFK 37 00:01:49,640 --> 00:01:51,560 Speaker 1: Junior was still running for president. We had Trump was 38 00:01:51,560 --> 00:01:54,160 Speaker 1: still running for president, and they both came there and 39 00:01:54,520 --> 00:01:57,600 Speaker 1: basically laid out their plan to have a presidency for 40 00:01:57,640 --> 00:01:59,560 Speaker 1: the US, a direction for the US that would be 41 00:01:59,640 --> 00:02:03,120 Speaker 1: very bitcoin now. RFK Junior laid it out in very 42 00:02:03,120 --> 00:02:04,960 Speaker 1: great detail. Trump gave a little bit more of a 43 00:02:05,040 --> 00:02:07,680 Speaker 1: vague overview of it. But now, of course they're together, 44 00:02:07,840 --> 00:02:10,640 Speaker 1: working together, and basically what they said is they wanted 45 00:02:10,639 --> 00:02:13,320 Speaker 1: to have a very pro bitcoin stands and part of 46 00:02:13,320 --> 00:02:16,480 Speaker 1: that would be to have the United States establish a 47 00:02:16,600 --> 00:02:20,639 Speaker 1: bitcoin reserve. Now since that's happened obviously, as I said, 48 00:02:20,680 --> 00:02:23,680 Speaker 1: they both joined together the Trump administration one, and now 49 00:02:23,720 --> 00:02:26,520 Speaker 1: they're working together to do this. But it's not a 50 00:02:26,639 --> 00:02:28,840 Speaker 1: theoretical maybe we'll see it in a month or two 51 00:02:28,880 --> 00:02:31,440 Speaker 1: when it takes office. No no, no, no, we're talking about 52 00:02:31,440 --> 00:02:34,680 Speaker 1: something that's already in place right now. I'm talking about 53 00:02:34,680 --> 00:02:37,440 Speaker 1: again four nine to one two. As you can see, 54 00:02:37,639 --> 00:02:40,160 Speaker 1: this is already in Congress. To understand this a little bit. 55 00:02:40,200 --> 00:02:43,080 Speaker 1: At the same event at the Bitcoin conference, we heard 56 00:02:43,200 --> 00:02:47,680 Speaker 1: Senator Senator Lemmas from Wyoming, Cynthia Lemmas. She actually laid 57 00:02:47,720 --> 00:02:49,560 Speaker 1: this out. Let's hear from her real quick, to. 58 00:02:49,760 --> 00:02:56,840 Speaker 2: Establish a bitcoin strategic reserve to ensure the transparent management 59 00:02:57,280 --> 00:03:03,040 Speaker 2: a bitcoin holdings of the federal government. Over five years, 60 00:03:03,160 --> 00:03:09,280 Speaker 2: the United States will assemble one million bitcoin, five percent 61 00:03:10,160 --> 00:03:11,639 Speaker 2: of the world's supply. 62 00:03:12,320 --> 00:03:14,240 Speaker 1: All right, So you heard it directly from her of 63 00:03:14,280 --> 00:03:17,320 Speaker 1: what she wanted to do. And again this is not theory. 64 00:03:17,600 --> 00:03:19,680 Speaker 1: This is in place right now. So let's pull this up. 65 00:03:19,880 --> 00:03:23,520 Speaker 1: This is a bill that has been submitted already S. 66 00:03:23,680 --> 00:03:25,960 Speaker 1: Four nine one two, and I want to show you 67 00:03:26,000 --> 00:03:27,720 Speaker 1: just a little bit of what's in here so you 68 00:03:27,760 --> 00:03:30,919 Speaker 1: can understand the mechanism and how this works. So it's 69 00:03:30,960 --> 00:03:34,800 Speaker 1: a bitcoin purchase program. And basically the way they're breaking 70 00:03:34,800 --> 00:03:38,240 Speaker 1: this down is that the Secretary of the US shall 71 00:03:38,360 --> 00:03:42,320 Speaker 1: purchase two hundred thousand bitcoins per year over a five 72 00:03:42,400 --> 00:03:45,080 Speaker 1: year period. Two hundred thousand times five years is a 73 00:03:45,120 --> 00:03:47,440 Speaker 1: million bitcoins. So they want to buy, they have the 74 00:03:47,520 --> 00:03:51,160 Speaker 1: US buy a million and then hold that hold the bitcoin, 75 00:03:51,200 --> 00:03:52,960 Speaker 1: buy it, not try to sell it. Keep that there 76 00:03:53,800 --> 00:03:56,680 Speaker 1: minimum holding period to ensure the long term stability and 77 00:03:56,680 --> 00:04:01,400 Speaker 1: security of the Strategic Bitcoin Reserve SBR, the Secretary shall 78 00:04:01,440 --> 00:04:04,800 Speaker 1: hold all bitcoin acquired through the bitcoin purchase program for 79 00:04:05,240 --> 00:04:09,880 Speaker 1: not less than twenty years twenty years stronghand Hoddler. Now 80 00:04:10,360 --> 00:04:14,080 Speaker 1: there's precedence for this. Obviously. The US has strategic reserves 81 00:04:14,080 --> 00:04:16,760 Speaker 1: of oil. For example, we talked about how Biden dumped 82 00:04:16,800 --> 00:04:18,760 Speaker 1: the oil reserves to bring the price of oil down. 83 00:04:18,920 --> 00:04:22,839 Speaker 1: We have gold reserves obviously, So this is not unnatural 84 00:04:22,920 --> 00:04:25,520 Speaker 1: at all. And what the President wants to do and 85 00:04:25,560 --> 00:04:27,880 Speaker 1: Senator Limmis wants to do is basically bring bitcoin as 86 00:04:27,920 --> 00:04:30,800 Speaker 1: a strategic reserve to match the gold reserve that we 87 00:04:30,920 --> 00:04:33,960 Speaker 1: have and by doing this, put the US on a 88 00:04:34,040 --> 00:04:38,560 Speaker 1: strong financial footing and potentially maybe even pay off the debt. 89 00:04:38,560 --> 00:04:40,920 Speaker 1: Now that may sound crazy, but again maybe you're not 90 00:04:40,960 --> 00:04:43,160 Speaker 1: thinking big enough. Let's talk about this for a second. 91 00:04:43,400 --> 00:04:46,039 Speaker 1: Now does that seem possible. Well, let's just take a 92 00:04:46,040 --> 00:04:48,760 Speaker 1: look at a case study, shall we. Let's use some 93 00:04:48,880 --> 00:04:50,719 Speaker 1: real factual stuff. As a matter of fact, I'm going 94 00:04:50,800 --> 00:04:53,119 Speaker 1: to go back into history to show you some stuff. 95 00:04:53,160 --> 00:04:54,960 Speaker 1: So hang on. You may think you know what we're 96 00:04:55,000 --> 00:04:56,800 Speaker 1: talking about, but let me show you how big this is. 97 00:04:56,920 --> 00:04:59,360 Speaker 1: So first off, let's start with a case study. Okay, Now, 98 00:04:59,400 --> 00:05:01,360 Speaker 1: El salvad Or is a case today I want to 99 00:05:01,360 --> 00:05:03,800 Speaker 1: break down. We'll look at a more historical examples. But 100 00:05:03,880 --> 00:05:08,120 Speaker 1: El Salvador in twenty twenty one decided to make bitcoin 101 00:05:08,320 --> 00:05:11,960 Speaker 1: legal tender, accept bitcoin as legal tender, and not just 102 00:05:12,000 --> 00:05:14,200 Speaker 1: to accept bitcoin as legal tender, but actually have the 103 00:05:14,240 --> 00:05:17,159 Speaker 1: government buy bitcoin and put it on its books. Now, 104 00:05:17,200 --> 00:05:20,320 Speaker 1: when El Salvador did this, most of the world ridiculed them, 105 00:05:20,360 --> 00:05:22,359 Speaker 1: told them it was stupid, it was ridiculous in all 106 00:05:22,400 --> 00:05:24,039 Speaker 1: these things. But let me just tell you something about 107 00:05:24,120 --> 00:05:27,120 Speaker 1: technology and people that think it's ridiculous. Now we can 108 00:05:27,160 --> 00:05:28,880 Speaker 1: go back as far as you want to go, the 109 00:05:29,000 --> 00:05:31,960 Speaker 1: term the Luedites. The Luedites were afraid of the power 110 00:05:32,000 --> 00:05:34,880 Speaker 1: loom right, and every type of time there's new technology, 111 00:05:34,920 --> 00:05:37,000 Speaker 1: people are afraid of it. In two thousand and one, 112 00:05:37,040 --> 00:05:39,360 Speaker 1: after the dot com bubble had burst in two thousand, 113 00:05:39,640 --> 00:05:41,279 Speaker 1: the next year, I decided to be a great Ida 114 00:05:41,360 --> 00:05:44,480 Speaker 1: to start an e commerce business. Now wasn't easy, No Shopify, 115 00:05:44,560 --> 00:05:46,320 Speaker 1: no Amazon. I had to hire a code or to 116 00:05:46,360 --> 00:05:49,440 Speaker 1: custom build this e commerce website, super clunky. And I 117 00:05:49,480 --> 00:05:51,200 Speaker 1: went to these brands and I said, hey, I want 118 00:05:51,200 --> 00:05:53,960 Speaker 1: to sell your products on my website. And they laughed 119 00:05:53,960 --> 00:05:55,720 Speaker 1: at me. They told me no one would ever buy 120 00:05:55,760 --> 00:05:58,240 Speaker 1: anything online. I said, well, I beg to differ. I'll 121 00:05:58,240 --> 00:06:00,400 Speaker 1: give you the money. No big deal, and we don't 122 00:06:00,400 --> 00:06:03,000 Speaker 1: even want our products being sold on the internet. Because 123 00:06:03,000 --> 00:06:04,760 Speaker 1: it was sort of a joke after the dot com boom, 124 00:06:05,040 --> 00:06:08,040 Speaker 1: and so the Ludites also said that El Salvador was 125 00:06:08,120 --> 00:06:11,880 Speaker 1: crazy for doing this. Well, jokes on them, because now 126 00:06:12,080 --> 00:06:16,360 Speaker 1: we've seen the full benefit of this billionaire of venture capital. 127 00:06:16,360 --> 00:06:19,680 Speaker 1: Investor Tim Draper recently said that earlier this week, Kim 128 00:06:19,760 --> 00:06:22,799 Speaker 1: Draper claimed at a rally that on this Bitcoin rally, 129 00:06:22,839 --> 00:06:25,760 Speaker 1: if bitcoin gets to one hundred thousand dollars, which it's 130 00:06:25,760 --> 00:06:29,080 Speaker 1: almost there time this recording more a few thousand dollars away, 131 00:06:29,360 --> 00:06:32,839 Speaker 1: Bitcoin would allow the country El Salvador to repay its 132 00:06:32,920 --> 00:06:37,240 Speaker 1: IMF loans and never have to talk to the IMF again. Now, 133 00:06:37,400 --> 00:06:40,839 Speaker 1: the IMF gives money to countries to basically in debt 134 00:06:40,920 --> 00:06:44,160 Speaker 1: them forever. There's a book written titled The Confessions of 135 00:06:44,160 --> 00:06:46,520 Speaker 1: an Economic Hitman that sort of breaks all this down 136 00:06:46,520 --> 00:06:48,720 Speaker 1: in great detail, and instead of allowing nations to get 137 00:06:48,760 --> 00:06:50,680 Speaker 1: out of debt, they just give them more debt. But 138 00:06:50,760 --> 00:06:52,640 Speaker 1: what Tim Draper's saying here is this move that El 139 00:06:52,680 --> 00:06:55,600 Speaker 1: Salvador made could now allow them to pay off the 140 00:06:55,640 --> 00:06:58,440 Speaker 1: IMF debt and never need debt again. Let's break down 141 00:06:58,440 --> 00:07:01,320 Speaker 1: the math. Claim sparked the discuss about how much debt 142 00:07:01,320 --> 00:07:04,800 Speaker 1: El Salvador owns and how much Bitcoin can contribute to 143 00:07:04,920 --> 00:07:08,720 Speaker 1: easy and it's burden. Now. Specifically, El Salvador owes one 144 00:07:08,800 --> 00:07:12,920 Speaker 1: hundred and seven point seven million SDRs to the IMF, 145 00:07:12,960 --> 00:07:16,040 Speaker 1: which are worth about one point three five usd apiece. 146 00:07:16,240 --> 00:07:18,080 Speaker 1: So if we break that down, basically the country owes 147 00:07:18,120 --> 00:07:22,200 Speaker 1: approximately eighty million dollars to the IMF. Now here's where 148 00:07:22,200 --> 00:07:24,760 Speaker 1: the math gets interesting. So Al Salvador bought a bunch 149 00:07:24,760 --> 00:07:27,200 Speaker 1: of bitcoin and it's now going up in value. El 150 00:07:27,240 --> 00:07:31,360 Speaker 1: Salvador claims to own five thousand, one, five thousand, nine 151 00:07:31,440 --> 00:07:35,920 Speaker 1: hundred and thirteen almost six thousand bitcoin. Now currently this 152 00:07:36,080 --> 00:07:38,000 Speaker 1: was written in when it was sixty seven thousand. Now we' 153 00:07:38,040 --> 00:07:41,360 Speaker 1: over ninety thousand. But if bitcoin were to rally and 154 00:07:41,440 --> 00:07:44,480 Speaker 1: hit Draper's one hundred thousand threshold, El Salvador would gain 155 00:07:44,520 --> 00:07:48,360 Speaker 1: one hundred and eighty nine million from its holdings. So 156 00:07:48,400 --> 00:07:50,880 Speaker 1: it gains one hundred and eighty nine but it only 157 00:07:50,920 --> 00:07:54,960 Speaker 1: owes eighty through the math. Okay, so now that sounds amazing, right, 158 00:07:55,040 --> 00:07:58,440 Speaker 1: But here's the thing. In the world of game theory, 159 00:07:58,480 --> 00:08:00,560 Speaker 1: you have to understand. The world is very competitive. Now, 160 00:08:00,600 --> 00:08:03,120 Speaker 1: if you're a business, or you're a Wall Street fund, 161 00:08:03,280 --> 00:08:06,000 Speaker 1: or you're a nation, you're competing against others. Now, on 162 00:08:06,040 --> 00:08:08,760 Speaker 1: Wall Street, if I were to do something different like 163 00:08:08,800 --> 00:08:12,480 Speaker 1: bring gold into my portfolio or do high frequency trading 164 00:08:12,600 --> 00:08:15,000 Speaker 1: or use bitcoin, and I would get ahead of other funds, 165 00:08:15,000 --> 00:08:17,360 Speaker 1: and other funds would sort of be forced to copy 166 00:08:17,360 --> 00:08:18,920 Speaker 1: a lot of what we're doing. And the same is 167 00:08:18,920 --> 00:08:21,360 Speaker 1: true with nations. Now. The thing is with El Salvador 168 00:08:21,600 --> 00:08:23,800 Speaker 1: is they are one of the poorest nations in the world, 169 00:08:23,840 --> 00:08:26,200 Speaker 1: so they're not like a big influential nation. They're not 170 00:08:26,480 --> 00:08:30,280 Speaker 1: influencing the top countries, the G seven countries. If you will, 171 00:08:31,160 --> 00:08:32,920 Speaker 1: you can see here on this chart right here that 172 00:08:33,000 --> 00:08:35,680 Speaker 1: Al Salvador out of the North American countries, not the 173 00:08:35,679 --> 00:08:38,280 Speaker 1: whole world, but the North American countries, it's about what 174 00:08:38,400 --> 00:08:43,079 Speaker 1: is the fourth poorest country in the North American hemisphere, 175 00:08:43,120 --> 00:08:45,480 Speaker 1: So it's not really influenced a lot of countries. However, 176 00:08:46,280 --> 00:08:50,200 Speaker 1: given the pace study that El Salvare's have, other small 177 00:08:50,280 --> 00:08:53,000 Speaker 1: nations are starting to pay attention, and not just a 178 00:08:53,000 --> 00:08:55,440 Speaker 1: couple as a matter of fact, it's a lot. So 179 00:08:55,520 --> 00:08:59,080 Speaker 1: what we can see right here is that President Bouquetley 180 00:08:59,160 --> 00:09:03,080 Speaker 1: of El Salvador with forty four countries. In May of 181 00:09:03,120 --> 00:09:06,200 Speaker 1: twenty twenty two, Elsavadoro hosted a meeting with financial institution 182 00:09:06,280 --> 00:09:09,240 Speaker 1: representatives from forty four countries. I'm not going to read 183 00:09:09,280 --> 00:09:10,560 Speaker 1: them all to you. We'll link this in the show 184 00:09:10,559 --> 00:09:15,440 Speaker 1: notes down below. Argentina visited in October of twenty twenty four, 185 00:09:15,679 --> 00:09:19,280 Speaker 1: so just recently expressed interest in El Salvador's experience with bitcoin. 186 00:09:19,600 --> 00:09:23,600 Speaker 1: Other nations. Bhutan has put in over one billion dollars 187 00:09:23,640 --> 00:09:27,600 Speaker 1: into bitcoin, so forty four nations, Argentina, Bhuton has already 188 00:09:27,640 --> 00:09:31,240 Speaker 1: got a billion dollars. So El Salvador is influencing countries. 189 00:09:31,520 --> 00:09:34,199 Speaker 1: This is happening that they've paid off the debt trap 190 00:09:34,280 --> 00:09:37,240 Speaker 1: and now this gamble's paid off. Now. Of course, in 191 00:09:37,280 --> 00:09:39,400 Speaker 1: the competitive world that we have in the world of 192 00:09:39,440 --> 00:09:43,400 Speaker 1: game theory, like I said, competition's real. Other people are 193 00:09:43,440 --> 00:09:46,520 Speaker 1: starting to pay attention. But again, El Savador's not very influential. 194 00:09:46,640 --> 00:09:50,040 Speaker 1: What if the most influential country in the entire world 195 00:09:50,120 --> 00:09:52,160 Speaker 1: were to do this, of course we're talking about the 196 00:09:52,280 --> 00:09:56,320 Speaker 1: United States. Now we'd see something very different if the 197 00:09:56,559 --> 00:10:00,360 Speaker 1: US moves the US having the US dollar right reserve 198 00:10:00,440 --> 00:10:03,400 Speaker 1: currency of the world, the global financial system of the world. 199 00:10:03,640 --> 00:10:06,200 Speaker 1: If the US were to do this, which as I said, 200 00:10:06,280 --> 00:10:09,960 Speaker 1: it's already submitted, the bill's already there. We have a 201 00:10:10,080 --> 00:10:14,360 Speaker 1: red Now, a Republican led Senate and House and presidency 202 00:10:14,640 --> 00:10:17,360 Speaker 1: and there's a very strong chance this bill will go through. 203 00:10:17,400 --> 00:10:18,800 Speaker 1: I'm going to show you why I think that in 204 00:10:18,840 --> 00:10:21,720 Speaker 1: a minute. But if this happens, if the US moves, 205 00:10:21,960 --> 00:10:24,079 Speaker 1: then the entire G seven, the top seven country of 206 00:10:24,120 --> 00:10:26,160 Speaker 1: the world, the G twenty, the top twenty country of 207 00:10:26,160 --> 00:10:28,720 Speaker 1: the world, would basically be pressured into this. Now this 208 00:10:28,840 --> 00:10:31,920 Speaker 1: is not my speculative guess this, don't rely on me. 209 00:10:32,120 --> 00:10:34,400 Speaker 1: Let me show you the receipts. Let's look back in history. 210 00:10:34,640 --> 00:10:36,600 Speaker 1: So there's a couple of times this has happened. Now 211 00:10:36,800 --> 00:10:39,320 Speaker 1: for your history, buffs, you might know this, but there's 212 00:10:39,320 --> 00:10:41,520 Speaker 1: been lots of money throughout the world, and at one 213 00:10:41,559 --> 00:10:44,520 Speaker 1: point the world was on a silver standard, all right, 214 00:10:44,880 --> 00:10:47,480 Speaker 1: but then the world started to transition from a silver 215 00:10:47,520 --> 00:10:51,360 Speaker 1: standard to a gold standard. A small business owner, are 216 00:10:51,400 --> 00:10:54,200 Speaker 1: you buried in all types of work keeping you from 217 00:10:54,280 --> 00:10:56,800 Speaker 1: the real thing that makes you money? Well, that's where 218 00:10:56,960 --> 00:10:59,040 Speaker 1: Just Works comes in. They're the all in one platform 219 00:10:59,080 --> 00:11:02,200 Speaker 1: that supports small business growth. You can get all their 220 00:11:02,200 --> 00:11:05,440 Speaker 1: tools that help with benefits like payroll and HR and 221 00:11:05,480 --> 00:11:09,600 Speaker 1: compliance with transparent pricing. Now they helped you hire top 222 00:11:09,640 --> 00:11:14,200 Speaker 1: talent internationally internew markets, quickly scale international operations without the 223 00:11:14,240 --> 00:11:17,400 Speaker 1: workload and forevery how do I do it? Question? You 224 00:11:17,440 --> 00:11:20,360 Speaker 1: can reach out to their expert staff from sole proprietor 225 00:11:20,679 --> 00:11:24,080 Speaker 1: or a team of twenty. Just Works empowers all kinds 226 00:11:24,120 --> 00:11:28,079 Speaker 1: of small businesses with real human support. So visit justworks 227 00:11:28,120 --> 00:11:31,520 Speaker 1: dot com slash podcast to join the thousands of small 228 00:11:31,520 --> 00:11:35,199 Speaker 1: businesses that trust just Works to take care of payroll, benefits, 229 00:11:35,360 --> 00:11:40,160 Speaker 1: compliance and more. Again that's Justworks dot com slash podcasts. 230 00:11:41,160 --> 00:11:43,280 Speaker 1: All right, So the money suppli has changed many times, 231 00:11:43,320 --> 00:11:45,360 Speaker 1: the reserve currency of the world has changed many times. 232 00:11:45,480 --> 00:11:47,440 Speaker 1: And here we have when the world started going to 233 00:11:47,480 --> 00:11:50,439 Speaker 1: a gold standard. This was in the nineteenth and twentieth centuries, 234 00:11:50,640 --> 00:11:52,560 Speaker 1: and it was a goold rush and a gold rush, 235 00:11:52,559 --> 00:11:54,520 Speaker 1: and then each nation started to do this, and we 236 00:11:54,559 --> 00:11:58,000 Speaker 1: can see here that Portugal quickly implemented the gold standard 237 00:11:58,000 --> 00:12:01,520 Speaker 1: in eighteen fifty four. Germany had already started doing the 238 00:12:01,559 --> 00:12:04,640 Speaker 1: gold standard as well. By eighteen seventy one, the US 239 00:12:04,679 --> 00:12:08,240 Speaker 1: adopted the coinageac of eighteen seventy three. So by nineteen 240 00:12:08,320 --> 00:12:13,240 Speaker 1: hundred most countries had begun using the gold standard except China. 241 00:12:13,760 --> 00:12:15,760 Speaker 1: This is a very key piece to understand here in 242 00:12:15,800 --> 00:12:17,960 Speaker 1: the world of game theory. It's very important so the 243 00:12:18,000 --> 00:12:20,280 Speaker 1: whole world started leaving silver to go to gold, as 244 00:12:20,280 --> 00:12:23,320 Speaker 1: I said, but China decided not may doing that. We 245 00:12:23,360 --> 00:12:25,120 Speaker 1: have a lot of silver, We're not going to trade 246 00:12:25,120 --> 00:12:26,760 Speaker 1: it for gold. We're going to stick with what we have. 247 00:12:27,160 --> 00:12:29,800 Speaker 1: The problem with game theory is they were left out. 248 00:12:30,160 --> 00:12:32,320 Speaker 1: So there's a whole global financial system moved to gold. 249 00:12:32,679 --> 00:12:35,560 Speaker 1: China was out, and they lost their position as a 250 00:12:35,600 --> 00:12:37,640 Speaker 1: global leader. Now I made a video a long time 251 00:12:37,679 --> 00:12:40,120 Speaker 1: ago talking about how now China has been trying to 252 00:12:40,160 --> 00:12:43,120 Speaker 1: get back to that position for about one hundred years 253 00:12:43,120 --> 00:12:46,240 Speaker 1: and now maybe have cornered the gold market. But just 254 00:12:46,320 --> 00:12:49,440 Speaker 1: as they've cornered the gold market, now the whole world 255 00:12:49,559 --> 00:12:52,400 Speaker 1: is starting to shift again, or it could if this happens, 256 00:12:52,400 --> 00:12:54,360 Speaker 1: then I'm going to show you that. Now again, it's 257 00:12:54,360 --> 00:12:56,560 Speaker 1: not just gold. Game theory is real. Let me give 258 00:12:56,559 --> 00:12:58,920 Speaker 1: you a couple other historical examples. So here we have 259 00:12:59,440 --> 00:13:02,880 Speaker 1: the space So when the US and Russia were in 260 00:13:02,880 --> 00:13:05,480 Speaker 1: this Cold War, they were both rushing to get to space, 261 00:13:05,760 --> 00:13:07,720 Speaker 1: to who could get up satellites and things like that, 262 00:13:07,760 --> 00:13:10,880 Speaker 1: who could control space. Now we see the space race 263 00:13:10,960 --> 00:13:13,440 Speaker 1: was a competitive competition between the United States and the 264 00:13:13,480 --> 00:13:17,000 Speaker 1: Soviet Union. It began in nineteen fifty five when the 265 00:13:17,080 --> 00:13:20,920 Speaker 1: Soviet Union responded to the US's announcement to launch artificial satellites. 266 00:13:21,000 --> 00:13:23,320 Speaker 1: So it was a race who's gonna win this, and 267 00:13:23,400 --> 00:13:26,480 Speaker 1: the first mover, of course, always has the advantage. There 268 00:13:26,480 --> 00:13:29,120 Speaker 1: was no set rules at first, but President Kennedy, and 269 00:13:29,240 --> 00:13:31,040 Speaker 1: this is a key piece here, there are no set 270 00:13:31,120 --> 00:13:34,520 Speaker 1: rules for this at first, but somebody threw down the gauntlet. 271 00:13:34,679 --> 00:13:37,680 Speaker 1: That was President Kennedy. He set a clear goal for 272 00:13:37,760 --> 00:13:40,640 Speaker 1: the US, which was land demand on the Moon before 273 00:13:40,679 --> 00:13:43,679 Speaker 1: the Soviets, sort of like the President now is also 274 00:13:44,280 --> 00:13:46,400 Speaker 1: thrown down the gauntlet and said, we have a clear 275 00:13:46,440 --> 00:13:50,240 Speaker 1: plan to establish a reserve of one million bitcoin. Once 276 00:13:50,280 --> 00:13:53,720 Speaker 1: it's down, it's laid out on paper. Now it gives 277 00:13:53,720 --> 00:13:56,720 Speaker 1: people a target. So once that happened, then the race 278 00:13:56,880 --> 00:13:58,680 Speaker 1: was on and we can go back. I'll give you 279 00:13:58,720 --> 00:14:00,480 Speaker 1: one more example. We can go all day on this. 280 00:14:01,360 --> 00:14:03,840 Speaker 1: We can also see the same thing happened with nuclear 281 00:14:04,120 --> 00:14:06,480 Speaker 1: So there was the United States versus the Soviet Union, 282 00:14:06,679 --> 00:14:09,320 Speaker 1: which is called the prisoner's dilemma, which is basically this 283 00:14:09,480 --> 00:14:12,200 Speaker 1: nuclear arms race. So we're trying to build up our 284 00:14:12,280 --> 00:14:14,920 Speaker 1: armies as fast as we can. But basically it caused 285 00:14:14,960 --> 00:14:17,720 Speaker 1: both nations to pour trillions of dollars and resources into 286 00:14:17,720 --> 00:14:21,120 Speaker 1: manufacturing nuclear weapons. And the reason why this is the 287 00:14:21,120 --> 00:14:24,920 Speaker 1: prisoner's dilemma. It's basically a situation showcasing why two players 288 00:14:24,920 --> 00:14:28,960 Speaker 1: may act selfishly, even if acting selflessly appears to be 289 00:14:29,000 --> 00:14:32,960 Speaker 1: in their best interest for the two options. And so 290 00:14:33,360 --> 00:14:35,760 Speaker 1: that's exactly what's happening. We've seen this happen over and 291 00:14:35,800 --> 00:14:39,560 Speaker 1: over and through history. We understand incentive mechanisms, we understand 292 00:14:39,800 --> 00:14:42,640 Speaker 1: game theory. So that's why this is not speculation. The 293 00:14:42,680 --> 00:14:46,120 Speaker 1: gauntlet has been thrown down, the bill is put forward, 294 00:14:46,160 --> 00:14:48,880 Speaker 1: and the chance of it going through is extremely high. 295 00:14:49,280 --> 00:14:52,160 Speaker 1: And now every nation is trying to figure out, well, 296 00:14:52,600 --> 00:14:55,520 Speaker 1: who's gonna move first and how fast are they going 297 00:14:55,560 --> 00:14:58,240 Speaker 1: to move? Now, the interesting thing to understand about this 298 00:14:58,400 --> 00:15:01,080 Speaker 1: is that this is all I'm all creating what I'm 299 00:15:01,080 --> 00:15:05,120 Speaker 1: calling sovereign fomo. Right, each sovereignation has fear of missing out, 300 00:15:05,320 --> 00:15:09,680 Speaker 1: And we have sovereign fomo where demand is going parabolic, 301 00:15:10,040 --> 00:15:12,720 Speaker 1: but it's going into an immovable object or basically a 302 00:15:12,760 --> 00:15:17,880 Speaker 1: fixed supply. So the thing with commodities so oil, uranium, copper, silver, 303 00:15:18,000 --> 00:15:20,200 Speaker 1: et cetera. The thing with commodities and bitcoin as a 304 00:15:20,200 --> 00:15:24,080 Speaker 1: commodity is that it's unlike an equity. We set the 305 00:15:24,080 --> 00:15:26,960 Speaker 1: price of a commodity based off of supply and demand. Now, 306 00:15:27,040 --> 00:15:30,600 Speaker 1: the supply of oil is it's very hard to dictate, right, 307 00:15:30,640 --> 00:15:32,040 Speaker 1: I mean, we have all these different nations pumping in 308 00:15:32,080 --> 00:15:35,080 Speaker 1: different schedules and different timeframes. But with bitcoin, we have 309 00:15:35,160 --> 00:15:37,680 Speaker 1: a fixed supply twenty one million, so it takes the 310 00:15:37,720 --> 00:15:40,000 Speaker 1: supply side out of the equation. So all we have 311 00:15:40,040 --> 00:15:43,120 Speaker 1: to really pay attention to is the demand side. So 312 00:15:43,400 --> 00:15:45,640 Speaker 1: we know that, like I said, bitcoin has twenty one million. 313 00:15:45,920 --> 00:15:48,240 Speaker 1: Now here's where things get interesting. Let me break down 314 00:15:48,280 --> 00:15:50,240 Speaker 1: a little bit of math for you. So here's just 315 00:15:50,560 --> 00:15:53,960 Speaker 1: two buyers. Now, I've done videos talking about Michael Sailor 316 00:15:54,000 --> 00:15:57,200 Speaker 1: and micro Strategy. I talked to about the infinite money glitch. 317 00:15:57,360 --> 00:15:58,840 Speaker 1: Maybe we can link that video in the show note 318 00:15:58,840 --> 00:16:01,240 Speaker 1: down below you should understand what Michael Sailor micro Strategy 319 00:16:01,280 --> 00:16:04,560 Speaker 1: is doing. But here we have some math. So there, 320 00:16:04,640 --> 00:16:06,960 Speaker 1: right now, we have about one hundred and sixty four 321 00:16:07,200 --> 00:16:10,200 Speaker 1: thousand bitcoin being produced per year through mining. One hundred 322 00:16:10,240 --> 00:16:13,880 Speaker 1: and sixty four thousand per year. Now, per Michael Sailor, 323 00:16:14,240 --> 00:16:17,040 Speaker 1: they plan micro Strategy plans to buy one hundred and 324 00:16:17,080 --> 00:16:20,880 Speaker 1: seventy five thousand bitcoin per year for the next three years. 325 00:16:21,000 --> 00:16:24,480 Speaker 1: Just one company, just one then, Senator Lumus is built 326 00:16:24,480 --> 00:16:27,240 Speaker 1: in the United States government says they want to buy two 327 00:16:27,320 --> 00:16:30,640 Speaker 1: hundred thousand bitcoin per year. So just two people, just 328 00:16:30,720 --> 00:16:34,840 Speaker 1: the US and micro Strategy planned to buy three hundred 329 00:16:34,840 --> 00:16:38,840 Speaker 1: and seventy five thousand bitcoin per year. The problem is 330 00:16:38,880 --> 00:16:42,240 Speaker 1: there's only one hundred and sixty four thousand being created 331 00:16:42,320 --> 00:16:45,240 Speaker 1: per year, which means there's way more demand there supply. Now, 332 00:16:45,320 --> 00:16:48,120 Speaker 1: this is just two buyers. This is not accounting for 333 00:16:48,160 --> 00:16:51,440 Speaker 1: the sovereign FOMO that's about to happen. And now you 334 00:16:51,440 --> 00:16:54,040 Speaker 1: can start to see how quickly this can run away. Now, 335 00:16:54,120 --> 00:16:56,160 Speaker 1: let me show you a couple other things. Now we 336 00:16:56,160 --> 00:16:58,920 Speaker 1: can see right here, this is bitcoin on the exchanges. 337 00:16:59,200 --> 00:17:01,480 Speaker 1: So this gold line is the bitcoin price, and this 338 00:17:01,600 --> 00:17:04,280 Speaker 1: green line is the amount of bitcoin that's available to 339 00:17:04,320 --> 00:17:07,359 Speaker 1: buy currently on exchanges. And you can see as the 340 00:17:07,400 --> 00:17:11,280 Speaker 1: price goes up, the available bitcoin in the ecosystem to 341 00:17:11,320 --> 00:17:13,800 Speaker 1: buy right now is going down. Now, there's always going 342 00:17:13,840 --> 00:17:15,560 Speaker 1: to be bitcoin to buy, So for everybody that's gonna 343 00:17:15,560 --> 00:17:17,280 Speaker 1: go yeah, then everyone's going to hoard it and all 344 00:17:17,280 --> 00:17:19,320 Speaker 1: these people that get a first move advantage, lucky for them. No, 345 00:17:19,720 --> 00:17:22,680 Speaker 1: there's always going to be bitcoin available at the right 346 00:17:22,840 --> 00:17:25,600 Speaker 1: price supply and demand. That's how this works. But we 347 00:17:25,600 --> 00:17:27,600 Speaker 1: can see how this is already set in the stage 348 00:17:27,600 --> 00:17:29,800 Speaker 1: for fomo. Now we can look at this charge, which 349 00:17:29,800 --> 00:17:33,600 Speaker 1: I think is pretty interesting, and this shows the amount 350 00:17:33,760 --> 00:17:38,320 Speaker 1: of bitcoin addresses that have at least one bitcoin in them. 351 00:17:38,560 --> 00:17:42,040 Speaker 1: And what we can see is there's about one million 352 00:17:42,320 --> 00:17:45,800 Speaker 1: addresses wallets that have one bitcoin in them. Now, let's 353 00:17:45,840 --> 00:17:48,040 Speaker 1: think about this for a second. In the United States, 354 00:17:48,359 --> 00:17:53,280 Speaker 1: there's about twenty two million millionaires. Twenty two million people 355 00:17:53,320 --> 00:17:55,880 Speaker 1: have at least a million dollars, okay, but there's only 356 00:17:55,880 --> 00:17:59,160 Speaker 1: twenty one million bitcoin, and only one million so far 357 00:17:59,280 --> 00:18:03,320 Speaker 1: have even one bitcoin. In the world, there's about sixty 358 00:18:03,520 --> 00:18:08,520 Speaker 1: million millionaires and there's only twenty one million bitcoin. Do 359 00:18:08,720 --> 00:18:10,639 Speaker 1: the math. You can see. And now this is not 360 00:18:10,680 --> 00:18:12,800 Speaker 1: accounting for the micro strategies and all the other corporations 361 00:18:12,800 --> 00:18:14,680 Speaker 1: coming on board. It's not accounting for the sovereign phone. 362 00:18:14,720 --> 00:18:17,080 Speaker 1: Well that's about to happen. And what this does is 363 00:18:17,119 --> 00:18:19,080 Speaker 1: it sets a floor on the price. Okay, so this 364 00:18:19,119 --> 00:18:22,359 Speaker 1: is very interesting. So when you think about buyers, whether 365 00:18:22,359 --> 00:18:24,719 Speaker 1: it's me or you or maybe a hedge fund. Right, 366 00:18:24,840 --> 00:18:26,760 Speaker 1: you're like a price conscious buyer. I want to buy 367 00:18:26,800 --> 00:18:28,960 Speaker 1: on dips. The price goes up, maybe I'll sell a 368 00:18:29,000 --> 00:18:30,880 Speaker 1: little bit. I won't sell a little bit, but I'll 369 00:18:30,880 --> 00:18:33,200 Speaker 1: certainly buy on dips. I'm trying to sort of trade 370 00:18:33,240 --> 00:18:36,360 Speaker 1: around and find the right price floor. But some buyers, 371 00:18:36,600 --> 00:18:39,800 Speaker 1: like nations, for example, are not price sensitive. So Michael 372 00:18:39,800 --> 00:18:42,399 Speaker 1: Sailor with micro Strategy, for example, is not price sensitive. 373 00:18:43,040 --> 00:18:46,400 Speaker 1: They just bought. Micro Strategy just acquired another two billion 374 00:18:46,440 --> 00:18:49,320 Speaker 1: dollars worth of bitcoin just a week ago at eighty thousand, 375 00:18:49,560 --> 00:18:51,240 Speaker 1: and he says he's going to continue to buy every 376 00:18:51,240 --> 00:18:53,520 Speaker 1: top along the way, So no matter what the price is, 377 00:18:53,680 --> 00:18:56,600 Speaker 1: they just buy on a regular basis that allar cost 378 00:18:56,680 --> 00:18:59,800 Speaker 1: averaging in nation states are very similar. They will just 379 00:19:00,000 --> 00:19:02,440 Speaker 1: continue to buy. They're not trying to trade around the price. 380 00:19:02,600 --> 00:19:04,439 Speaker 1: So what that does is it sets a floor. So 381 00:19:04,480 --> 00:19:07,399 Speaker 1: we have nations who are not pro sensitive. Corporations like 382 00:19:07,480 --> 00:19:10,240 Speaker 1: micro Strategy are not pro sensitive, and they're buying more 383 00:19:10,280 --> 00:19:13,440 Speaker 1: than is being produced, So that means there's more demand 384 00:19:13,680 --> 00:19:16,680 Speaker 1: a floor of more demand than there is available supply, 385 00:19:16,920 --> 00:19:19,320 Speaker 1: which is pretty interesting and as I said, we know 386 00:19:19,440 --> 00:19:22,439 Speaker 1: there is certainly not enough to go around. So what 387 00:19:22,480 --> 00:19:25,560 Speaker 1: does all that mean? What does that mean for us? 388 00:19:25,760 --> 00:19:27,760 Speaker 1: What does that mean for us whether we think we're 389 00:19:27,760 --> 00:19:30,520 Speaker 1: bullish on bitcoin or using bitcoin is stupid and ridiculous. 390 00:19:30,680 --> 00:19:33,240 Speaker 1: Either way, let's show you what this means. So what 391 00:19:33,359 --> 00:19:37,040 Speaker 1: happens is Bitcoin sort of moves in these cycles. Right, 392 00:19:37,440 --> 00:19:39,480 Speaker 1: Nothing's ever gone up in a straight line. There's never 393 00:19:39,480 --> 00:19:41,159 Speaker 1: been an asset that's gone up in a straight line. 394 00:19:41,280 --> 00:19:43,280 Speaker 1: And so we have peaks, and we have valleys, and 395 00:19:43,359 --> 00:19:44,760 Speaker 1: a new peak in a valley, and it sort of 396 00:19:44,800 --> 00:19:48,120 Speaker 1: works like that. Now, as this goes up, it sort 397 00:19:48,160 --> 00:19:51,160 Speaker 1: of moves in this line. But we have a high 398 00:19:51,240 --> 00:19:53,679 Speaker 1: point and a low point where this could be. So 399 00:19:54,400 --> 00:19:57,320 Speaker 1: if this goes through, I believe we'll be on the 400 00:19:57,400 --> 00:19:58,879 Speaker 1: high side. I'll show you what the high site is 401 00:19:58,880 --> 00:20:01,119 Speaker 1: in a second, but let's just talk if if this 402 00:20:01,240 --> 00:20:04,080 Speaker 1: goes through. So what we can see is we already 403 00:20:04,080 --> 00:20:06,760 Speaker 1: know the bill has already submitted, We know that we 404 00:20:06,800 --> 00:20:10,760 Speaker 1: have a Republican bill by with a Republican president and 405 00:20:10,760 --> 00:20:13,159 Speaker 1: a Republican Senate and a House, the chance of this 406 00:20:13,240 --> 00:20:17,199 Speaker 1: going through is extremely high in my view, And we 407 00:20:17,240 --> 00:20:20,119 Speaker 1: can see that Senator Lumpus is already saying that this 408 00:20:20,200 --> 00:20:24,240 Speaker 1: bill could maybe should pass in the first one hundred 409 00:20:24,359 --> 00:20:27,240 Speaker 1: days of being president. So this puts us into the 410 00:20:27,359 --> 00:20:29,959 Speaker 1: end of Q one next year. All right, get ready 411 00:20:30,160 --> 00:20:32,160 Speaker 1: the end of Q one. Now she's already talking about 412 00:20:32,200 --> 00:20:33,960 Speaker 1: maybe we need to get this done in sixty days 413 00:20:34,040 --> 00:20:36,280 Speaker 1: or even thirty days of the presidency. We don't know 414 00:20:36,320 --> 00:20:38,199 Speaker 1: how fast it is gonna happen, but probably within one 415 00:20:38,240 --> 00:20:42,119 Speaker 1: hundred days is what they're looking for. Now, is that realistic? Well, 416 00:20:42,160 --> 00:20:44,119 Speaker 1: we know that it's not just the US. Remember, the 417 00:20:44,200 --> 00:20:47,000 Speaker 1: US will influence everybody else. So now we have independent 418 00:20:47,080 --> 00:20:50,040 Speaker 1: states in the United States who are already doing the 419 00:20:50,080 --> 00:20:53,600 Speaker 1: same thing. For example, just this week we saw Pennsylvania 420 00:20:53,680 --> 00:20:57,600 Speaker 1: introduces the same bill where Pennsylvania as a state wants 421 00:20:57,600 --> 00:21:00,280 Speaker 1: to move a bunch of their money their treasury indo bitcoin. 422 00:21:00,320 --> 00:21:02,159 Speaker 1: As a matter of fact, they want to move seven 423 00:21:02,320 --> 00:21:06,560 Speaker 1: hundred million into bitcoin. And this is through bipartisan support. 424 00:21:06,640 --> 00:21:09,639 Speaker 1: Is not a Republican thing. This is Republicans and Democrats 425 00:21:09,840 --> 00:21:12,960 Speaker 1: both want to do this. And so even if even 426 00:21:13,000 --> 00:21:16,119 Speaker 1: if it doesn't go through the House or through the government, 427 00:21:16,119 --> 00:21:18,240 Speaker 1: through the United States government on the first try, even 428 00:21:18,240 --> 00:21:20,880 Speaker 1: if it doesn't. It's not my base case. We still 429 00:21:20,920 --> 00:21:24,520 Speaker 1: have states moving to do this on a bipartisan level, 430 00:21:24,560 --> 00:21:26,760 Speaker 1: and we know that it'll come back through. Now, even 431 00:21:26,800 --> 00:21:29,439 Speaker 1: if this bill were to fail, it looks like Trump 432 00:21:29,480 --> 00:21:32,480 Speaker 1: could still do it even without this bill. Another way, 433 00:21:32,720 --> 00:21:35,560 Speaker 1: Trump could put billions into the US Bitcoin reserve without 434 00:21:35,920 --> 00:21:39,359 Speaker 1: Congress's approval. David Bailey talks about how ten billion we 435 00:21:39,359 --> 00:21:42,320 Speaker 1: put into a reserve before needing to get Congress's approval 436 00:21:42,320 --> 00:21:46,040 Speaker 1: for funding. So President Trump could potentially already move this 437 00:21:46,160 --> 00:21:49,040 Speaker 1: way even if it fails, because there's lots of ways 438 00:21:49,040 --> 00:21:50,680 Speaker 1: you can do it, and we have this controlled House. 439 00:21:50,720 --> 00:21:55,119 Speaker 1: So again, my probability is there is an extremely high 440 00:21:55,240 --> 00:21:58,320 Speaker 1: probability this goes through again within the first hundred days 441 00:21:58,560 --> 00:22:01,639 Speaker 1: of the presidency. And again I'm not the only one 442 00:22:01,680 --> 00:22:05,200 Speaker 1: seeing this. Other nation states are watching this, and other 443 00:22:05,280 --> 00:22:08,800 Speaker 1: nation states are already trying to FOMO in and that's 444 00:22:08,840 --> 00:22:10,720 Speaker 1: why you're starting to see the price go up, but 445 00:22:10,840 --> 00:22:13,280 Speaker 1: you're not ready yet. Now let's think about this again. 446 00:22:13,320 --> 00:22:14,960 Speaker 1: So you can see the price goes up and down 447 00:22:15,000 --> 00:22:16,840 Speaker 1: and up and down and up and down and up 448 00:22:16,880 --> 00:22:19,919 Speaker 1: and down, but it moves in this range. And so 449 00:22:19,960 --> 00:22:21,199 Speaker 1: we have a high part of the range, and we 450 00:22:21,240 --> 00:22:23,000 Speaker 1: have a low part of the range, and so we 451 00:22:23,000 --> 00:22:26,080 Speaker 1: can look at if we follow this same trend, what 452 00:22:26,160 --> 00:22:27,920 Speaker 1: would be the high end the low that we could 453 00:22:27,920 --> 00:22:30,880 Speaker 1: expect in the future. Let's just look one year out, 454 00:22:30,920 --> 00:22:34,000 Speaker 1: So by the end of twenty twenty five, potentially we 455 00:22:34,080 --> 00:22:37,240 Speaker 1: can be as low as ninety six thousand. So right 456 00:22:37,280 --> 00:22:39,760 Speaker 1: now we're about ninety so we'd be a little bit higher, 457 00:22:39,800 --> 00:22:42,000 Speaker 1: about ninety six. That'd be the low end. The high 458 00:22:42,119 --> 00:22:44,880 Speaker 1: end would be five hundred and eighty four thousand per 459 00:22:44,920 --> 00:22:47,160 Speaker 1: bitcoin that'd be at the end of next year. Depending 460 00:22:47,200 --> 00:22:49,800 Speaker 1: on this range, this channel that we've been in now, 461 00:22:49,800 --> 00:22:53,959 Speaker 1: given the institutional fomo and now the sovereign fomo that's happening, 462 00:22:54,160 --> 00:22:55,840 Speaker 1: I'm betting that we're going to be much more on 463 00:22:55,880 --> 00:22:58,879 Speaker 1: the high end of that now. If we look out 464 00:22:58,920 --> 00:23:02,320 Speaker 1: to twenty thirty, which us through another having cycle, another 465 00:23:02,320 --> 00:23:05,080 Speaker 1: liquidity cycle, the high and the low. The low is 466 00:23:05,160 --> 00:23:08,359 Speaker 1: three hundred and sixty five thousand by twenty thirty, and 467 00:23:08,440 --> 00:23:11,879 Speaker 1: the high would be five million. I don't think it's 468 00:23:11,920 --> 00:23:13,520 Speaker 1: going to be anywhere in near that high. My numbers 469 00:23:13,520 --> 00:23:16,240 Speaker 1: are much lower than that, but even still, it's going 470 00:23:16,280 --> 00:23:19,440 Speaker 1: to be enormous but we really can't say. Because when 471 00:23:19,480 --> 00:23:22,399 Speaker 1: we have this sovereign fomal coming in who are not 472 00:23:22,480 --> 00:23:26,000 Speaker 1: price countess buyers, and they all want to get their 473 00:23:26,040 --> 00:23:30,719 Speaker 1: bags full into an asset that has very very limited supply, 474 00:23:31,920 --> 00:23:34,040 Speaker 1: the price can move really fast, as we've seen. We 475 00:23:34,040 --> 00:23:36,280 Speaker 1: saw almost a ten thousand dollars move just the other day. 476 00:23:36,400 --> 00:23:39,000 Speaker 1: So what do we do about this? Even if you 477 00:23:39,119 --> 00:23:43,120 Speaker 1: think this is ridiculous, as Satoshi told us, you might 478 00:23:43,200 --> 00:23:45,679 Speaker 1: want to get some just in case it catches on. 479 00:23:45,800 --> 00:23:48,560 Speaker 1: So how do we do that? We can either DCA 480 00:23:48,720 --> 00:23:50,920 Speaker 1: dollar cost average in this is sort of what MicroStrategy 481 00:23:51,000 --> 00:23:54,240 Speaker 1: is doing. They just buy on a regular basis, regardless 482 00:23:54,240 --> 00:23:56,080 Speaker 1: of what the price is, so you get paid every 483 00:23:56,119 --> 00:23:57,439 Speaker 1: two weeks. You can put a little bit of your 484 00:23:57,440 --> 00:24:00,320 Speaker 1: paycheck in every single two weeks, maybe every month, every 485 00:24:00,359 --> 00:24:02,360 Speaker 1: quarter or whatever that is. Or you could just lump 486 00:24:02,440 --> 00:24:04,679 Speaker 1: some like, hey, I'd like to move five percent of 487 00:24:04,720 --> 00:24:07,439 Speaker 1: my portfolio in. I think five percent is sort of 488 00:24:07,440 --> 00:24:10,000 Speaker 1: the minimum that you should have. Paul Tudor Jones legend 489 00:24:10,000 --> 00:24:13,040 Speaker 1: on Wall Street says five percent, and so maybe I say, hey, 490 00:24:13,040 --> 00:24:14,960 Speaker 1: I'm gonna move five percent over and let's just move 491 00:24:15,000 --> 00:24:16,680 Speaker 1: that right now. So that'd be like a lump sum 492 00:24:16,840 --> 00:24:19,199 Speaker 1: or I could just move in regularly. Now, I'm not 493 00:24:19,240 --> 00:24:21,120 Speaker 1: going to spend time going into this. If you want 494 00:24:21,119 --> 00:24:24,520 Speaker 1: a video on this, I can. Once we started buying it, 495 00:24:25,040 --> 00:24:27,600 Speaker 1: then where do we buy and how do I take custody? 496 00:24:27,880 --> 00:24:30,480 Speaker 1: Do I want to take personal ownership and secure this 497 00:24:30,560 --> 00:24:32,240 Speaker 1: on my own or do I want to leave it 498 00:24:32,280 --> 00:24:34,440 Speaker 1: an ETF or leave it on an exchange like coinbas 499 00:24:34,520 --> 00:24:37,000 Speaker 1: or Gemini. That's a whole another topic. If you'll make 500 00:24:37,040 --> 00:24:38,840 Speaker 1: a video on that, leave me some comments down below. 501 00:24:38,920 --> 00:24:41,480 Speaker 1: We can do that if you want. But as I said, 502 00:24:41,800 --> 00:24:44,480 Speaker 1: you are not prepared for where this is going. And 503 00:24:44,520 --> 00:24:46,760 Speaker 1: if you want to know what else is fueling this, again, 504 00:24:46,880 --> 00:24:49,600 Speaker 1: not just sovereign fomo, but we also have to understand 505 00:24:49,640 --> 00:24:52,240 Speaker 1: the debt cycles, liquidy cycles, then you might want to 506 00:24:52,280 --> 00:24:55,760 Speaker 1: watch this investing black hole video right here. And that's 507 00:24:55,800 --> 00:24:58,120 Speaker 1: what I got, all right, to your success, I'm out,