WEBVTT - Nation-State FOMO Is Here | And It Changes Everything for Bitcoin! 0:00:00.200 --> 0:00:02.240 What if I told you that no matter what you 0:00:02.279 --> 0:00:04.440 think about bitcoin, whether you love it, you hate it, 0:00:04.600 --> 0:00:07.240 or you don't even understand it, well, either way, you're 0:00:07.240 --> 0:00:10.760 going to be completely underprepared for what's about to happen next. 0:00:10.800 --> 0:00:14.160 Because there's a new bill S. Four nine one two, 0:00:14.440 --> 0:00:16.720 and it's about to ignite a chain reaction that sends 0:00:16.760 --> 0:00:20.639 bitcoin further and faster than most anyone can imagine. M 0:00:20.680 --> 0:00:22.479 This isn't just a theory. As a matter of fact, 0:00:22.480 --> 0:00:25.239 this is already in motion. So in this video, I'm 0:00:25.239 --> 0:00:27.720 going to show you what this new bill is, how 0:00:27.840 --> 0:00:31.000 is going to change the global financial system forever, how 0:00:31.040 --> 0:00:34.400 a small nation's experiment gives us a glimpse of what's 0:00:34.440 --> 0:00:37.320 about to come, and why nation state FOMO is going 0:00:37.360 --> 0:00:39.440 to put us on a path to prices that make 0:00:39.520 --> 0:00:43.239 today's numbers look maybe laughable. Now real quick, my name 0:00:43.320 --> 0:00:45.760 is Mark Moss. I've been a tech focused VC investor 0:00:45.800 --> 0:00:48.920 for over a decade. I've been creating bitcoin educational content 0:00:48.960 --> 0:00:51.920 since it was only three hundred dollars. Today, I'm a 0:00:51.960 --> 0:00:54.520 partner at a leading bitcoin VC hedge fund, and I 0:00:54.600 --> 0:00:57.200 coach business owners on investing, and I'm sharing some of 0:00:57.200 --> 0:00:59.840 the data that we use to make long term decisions. 0:01:00.280 --> 0:01:04.839 So let's go all right, let's break this down. Why, 0:01:05.120 --> 0:01:08.320 no matter how bollish you are, you're not bullish enough. 0:01:08.319 --> 0:01:10.360 And if you think this is some big joke in 0:01:10.400 --> 0:01:13.479 a scam, well you're also underprepared. So let's break this down. 0:01:13.680 --> 0:01:16.480 We're talking about S four nine one two. This is 0:01:16.600 --> 0:01:19.280 a real thing. Now, let's rewind the clock. Just a 0:01:19.319 --> 0:01:22.560 few months ago, not too far back, before the presidential 0:01:22.560 --> 0:01:25.680 campaign ended and we still had a race going on. 0:01:26.000 --> 0:01:29.080 I was speaking at maybe the biggest conference in the 0:01:29.120 --> 0:01:32.080 world right now, at least probably the most culturally relevant 0:01:32.280 --> 0:01:34.679 event in the world. Over twenty five thousand people were there. 0:01:34.959 --> 0:01:41.240 Two presidential candidates, so at the highest level, Wall Street people, investors, coders, builders, 0:01:41.720 --> 0:01:44.280 entertainers were all there. I'm talking about the Bitcoin Conference. 0:01:44.400 --> 0:01:46.200 I got to speak on the main stage about two 0:01:46.200 --> 0:01:49.480 hours before Trump was there, and at the time RFK 0:01:49.640 --> 0:01:51.560 Junior was still running for president. We had Trump was 0:01:51.560 --> 0:01:54.160 still running for president, and they both came there and 0:01:54.520 --> 0:01:57.600 basically laid out their plan to have a presidency for 0:01:57.640 --> 0:01:59.560 the US, a direction for the US that would be 0:01:59.640 --> 0:02:03.120 very bitcoin now. RFK Junior laid it out in very 0:02:03.120 --> 0:02:04.960 great detail. Trump gave a little bit more of a 0:02:05.040 --> 0:02:07.680 vague overview of it. But now, of course they're together, 0:02:07.840 --> 0:02:10.640 working together, and basically what they said is they wanted 0:02:10.639 --> 0:02:13.320 to have a very pro bitcoin stands and part of 0:02:13.320 --> 0:02:16.480 that would be to have the United States establish a 0:02:16.600 --> 0:02:20.639 bitcoin reserve. Now since that's happened obviously, as I said, 0:02:20.680 --> 0:02:23.680 they both joined together the Trump administration one, and now 0:02:23.720 --> 0:02:26.520 they're working together to do this. But it's not a 0:02:26.639 --> 0:02:28.840 theoretical maybe we'll see it in a month or two 0:02:28.880 --> 0:02:31.440 when it takes office. No no, no, no, we're talking about 0:02:31.440 --> 0:02:34.680 something that's already in place right now. I'm talking about 0:02:34.680 --> 0:02:37.440 again four nine to one two. As you can see, 0:02:37.639 --> 0:02:40.160 this is already in Congress. To understand this a little bit. 0:02:40.200 --> 0:02:43.080 At the same event at the Bitcoin conference, we heard 0:02:43.200 --> 0:02:47.680 Senator Senator Lemmas from Wyoming, Cynthia Lemmas. She actually laid 0:02:47.720 --> 0:02:49.560 this out. Let's hear from her real quick, to. 0:02:49.760 --> 0:02:56.840 Establish a bitcoin strategic reserve to ensure the transparent management 0:02:57.280 --> 0:03:03.040 a bitcoin holdings of the federal government. Over five years, 0:03:03.160 --> 0:03:09.280 the United States will assemble one million bitcoin, five percent 0:03:10.160 --> 0:03:11.639 of the world's supply. 0:03:12.320 --> 0:03:14.240 All right, So you heard it directly from her of 0:03:14.280 --> 0:03:17.320 what she wanted to do. And again this is not theory. 0:03:17.600 --> 0:03:19.680 This is in place right now. So let's pull this up. 0:03:19.880 --> 0:03:23.520 This is a bill that has been submitted already S. 0:03:23.680 --> 0:03:25.960 Four nine one two, and I want to show you 0:03:26.000 --> 0:03:27.720 just a little bit of what's in here so you 0:03:27.760 --> 0:03:30.919 can understand the mechanism and how this works. So it's 0:03:30.960 --> 0:03:34.800 a bitcoin purchase program. And basically the way they're breaking 0:03:34.800 --> 0:03:38.240 this down is that the Secretary of the US shall 0:03:38.360 --> 0:03:42.320 purchase two hundred thousand bitcoins per year over a five 0:03:42.400 --> 0:03:45.080 year period. Two hundred thousand times five years is a 0:03:45.120 --> 0:03:47.440 million bitcoins. So they want to buy, they have the 0:03:47.520 --> 0:03:51.160 US buy a million and then hold that hold the bitcoin, 0:03:51.200 --> 0:03:52.960 buy it, not try to sell it. Keep that there 0:03:53.800 --> 0:03:56.680 minimum holding period to ensure the long term stability and 0:03:56.680 --> 0:04:01.400 security of the Strategic Bitcoin Reserve SBR, the Secretary shall 0:04:01.440 --> 0:04:04.800 hold all bitcoin acquired through the bitcoin purchase program for 0:04:05.240 --> 0:04:09.880 not less than twenty years twenty years stronghand Hoddler. Now 0:04:10.360 --> 0:04:14.080 there's precedence for this. Obviously. The US has strategic reserves 0:04:14.080 --> 0:04:16.760 of oil. For example, we talked about how Biden dumped 0:04:16.800 --> 0:04:18.760 the oil reserves to bring the price of oil down. 0:04:18.920 --> 0:04:22.839 We have gold reserves obviously, So this is not unnatural 0:04:22.920 --> 0:04:25.520 at all. And what the President wants to do and 0:04:25.560 --> 0:04:27.880 Senator Limmis wants to do is basically bring bitcoin as 0:04:27.920 --> 0:04:30.800 a strategic reserve to match the gold reserve that we 0:04:30.920 --> 0:04:33.960 have and by doing this, put the US on a 0:04:34.040 --> 0:04:38.560 strong financial footing and potentially maybe even pay off the debt. 0:04:38.560 --> 0:04:40.920 Now that may sound crazy, but again maybe you're not 0:04:40.960 --> 0:04:43.160 thinking big enough. Let's talk about this for a second. 0:04:43.400 --> 0:04:46.039 Now does that seem possible. Well, let's just take a 0:04:46.040 --> 0:04:48.760 look at a case study, shall we. Let's use some 0:04:48.880 --> 0:04:50.719 real factual stuff. As a matter of fact, I'm going 0:04:50.800 --> 0:04:53.119 to go back into history to show you some stuff. 0:04:53.160 --> 0:04:54.960 So hang on. You may think you know what we're 0:04:55.000 --> 0:04:56.800 talking about, but let me show you how big this is. 0:04:56.920 --> 0:04:59.360 So first off, let's start with a case study. Okay, Now, 0:04:59.400 --> 0:05:01.360 El salvad Or is a case today I want to 0:05:01.360 --> 0:05:03.800 break down. We'll look at a more historical examples. But 0:05:03.880 --> 0:05:08.120 El Salvador in twenty twenty one decided to make bitcoin 0:05:08.320 --> 0:05:11.960 legal tender, accept bitcoin as legal tender, and not just 0:05:12.000 --> 0:05:14.200 to accept bitcoin as legal tender, but actually have the 0:05:14.240 --> 0:05:17.159 government buy bitcoin and put it on its books. Now, 0:05:17.200 --> 0:05:20.320 when El Salvador did this, most of the world ridiculed them, 0:05:20.360 --> 0:05:22.359 told them it was stupid, it was ridiculous in all 0:05:22.400 --> 0:05:24.039 these things. But let me just tell you something about 0:05:24.120 --> 0:05:27.120 technology and people that think it's ridiculous. Now we can 0:05:27.160 --> 0:05:28.880 go back as far as you want to go, the 0:05:29.000 --> 0:05:31.960 term the Luedites. The Luedites were afraid of the power 0:05:32.000 --> 0:05:34.880 loom right, and every type of time there's new technology, 0:05:34.920 --> 0:05:37.000 people are afraid of it. In two thousand and one, 0:05:37.040 --> 0:05:39.360 after the dot com bubble had burst in two thousand, 0:05:39.640 --> 0:05:41.279 the next year, I decided to be a great Ida 0:05:41.360 --> 0:05:44.480 to start an e commerce business. Now wasn't easy, No Shopify, 0:05:44.560 --> 0:05:46.320 no Amazon. I had to hire a code or to 0:05:46.360 --> 0:05:49.440 custom build this e commerce website, super clunky. And I 0:05:49.480 --> 0:05:51.200 went to these brands and I said, hey, I want 0:05:51.200 --> 0:05:53.960 to sell your products on my website. And they laughed 0:05:53.960 --> 0:05:55.720 at me. They told me no one would ever buy 0:05:55.760 --> 0:05:58.240 anything online. I said, well, I beg to differ. I'll 0:05:58.240 --> 0:06:00.400 give you the money. No big deal, and we don't 0:06:00.400 --> 0:06:03.000 even want our products being sold on the internet. Because 0:06:03.000 --> 0:06:04.760 it was sort of a joke after the dot com boom, 0:06:05.040 --> 0:06:08.040 and so the Ludites also said that El Salvador was 0:06:08.120 --> 0:06:11.880 crazy for doing this. Well, jokes on them, because now 0:06:12.080 --> 0:06:16.360 we've seen the full benefit of this billionaire of venture capital. 0:06:16.360 --> 0:06:19.680 Investor Tim Draper recently said that earlier this week, Kim 0:06:19.760 --> 0:06:22.799 Draper claimed at a rally that on this Bitcoin rally, 0:06:22.839 --> 0:06:25.760 if bitcoin gets to one hundred thousand dollars, which it's 0:06:25.760 --> 0:06:29.080 almost there time this recording more a few thousand dollars away, 0:06:29.360 --> 0:06:32.839 Bitcoin would allow the country El Salvador to repay its 0:06:32.920 --> 0:06:37.240 IMF loans and never have to talk to the IMF again. Now, 0:06:37.400 --> 0:06:40.839 the IMF gives money to countries to basically in debt 0:06:40.920 --> 0:06:44.160 them forever. There's a book written titled The Confessions of 0:06:44.160 --> 0:06:46.520 an Economic Hitman that sort of breaks all this down 0:06:46.520 --> 0:06:48.720 in great detail, and instead of allowing nations to get 0:06:48.760 --> 0:06:50.680 out of debt, they just give them more debt. But 0:06:50.760 --> 0:06:52.640 what Tim Draper's saying here is this move that El 0:06:52.680 --> 0:06:55.600 Salvador made could now allow them to pay off the 0:06:55.640 --> 0:06:58.440 IMF debt and never need debt again. Let's break down 0:06:58.440 --> 0:07:01.320 the math. Claim sparked the discuss about how much debt 0:07:01.320 --> 0:07:04.800 El Salvador owns and how much Bitcoin can contribute to 0:07:04.920 --> 0:07:08.720 easy and it's burden. Now. Specifically, El Salvador owes one 0:07:08.800 --> 0:07:12.920 hundred and seven point seven million SDRs to the IMF, 0:07:12.960 --> 0:07:16.040 which are worth about one point three five usd apiece. 0:07:16.240 --> 0:07:18.080 So if we break that down, basically the country owes 0:07:18.120 --> 0:07:22.200 approximately eighty million dollars to the IMF. Now here's where 0:07:22.200 --> 0:07:24.760 the math gets interesting. So Al Salvador bought a bunch 0:07:24.760 --> 0:07:27.200 of bitcoin and it's now going up in value. El 0:07:27.240 --> 0:07:31.360 Salvador claims to own five thousand, one, five thousand, nine 0:07:31.440 --> 0:07:35.920 hundred and thirteen almost six thousand bitcoin. Now currently this 0:07:36.080 --> 0:07:38.000 was written in when it was sixty seven thousand. Now we' 0:07:38.040 --> 0:07:41.360 over ninety thousand. But if bitcoin were to rally and 0:07:41.440 --> 0:07:44.480 hit Draper's one hundred thousand threshold, El Salvador would gain 0:07:44.520 --> 0:07:48.360 one hundred and eighty nine million from its holdings. So 0:07:48.400 --> 0:07:50.880 it gains one hundred and eighty nine but it only 0:07:50.920 --> 0:07:54.960 owes eighty through the math. Okay, so now that sounds amazing, right, 0:07:55.040 --> 0:07:58.440 But here's the thing. In the world of game theory, 0:07:58.480 --> 0:08:00.560 you have to understand. The world is very competitive. Now, 0:08:00.600 --> 0:08:03.120 if you're a business, or you're a Wall Street fund, 0:08:03.280 --> 0:08:06.000 or you're a nation, you're competing against others. Now, on 0:08:06.040 --> 0:08:08.760 Wall Street, if I were to do something different like 0:08:08.800 --> 0:08:12.480 bring gold into my portfolio or do high frequency trading 0:08:12.600 --> 0:08:15.000 or use bitcoin, and I would get ahead of other funds, 0:08:15.000 --> 0:08:17.360 and other funds would sort of be forced to copy 0:08:17.360 --> 0:08:18.920 a lot of what we're doing. And the same is 0:08:18.920 --> 0:08:21.360 true with nations. Now. The thing is with El Salvador 0:08:21.600 --> 0:08:23.800 is they are one of the poorest nations in the world, 0:08:23.840 --> 0:08:26.200 so they're not like a big influential nation. They're not 0:08:26.480 --> 0:08:30.280 influencing the top countries, the G seven countries. If you will, 0:08:31.160 --> 0:08:32.920 you can see here on this chart right here that 0:08:33.000 --> 0:08:35.680 Al Salvador out of the North American countries, not the 0:08:35.679 --> 0:08:38.280 whole world, but the North American countries, it's about what 0:08:38.400 --> 0:08:43.079 is the fourth poorest country in the North American hemisphere, 0:08:43.120 --> 0:08:45.480 So it's not really influenced a lot of countries. However, 0:08:46.280 --> 0:08:50.200 given the pace study that El Salvare's have, other small 0:08:50.280 --> 0:08:53.000 nations are starting to pay attention, and not just a 0:08:53.000 --> 0:08:55.440 couple as a matter of fact, it's a lot. So 0:08:55.520 --> 0:08:59.080 what we can see right here is that President Bouquetley 0:08:59.160 --> 0:09:03.080 of El Salvador with forty four countries. In May of 0:09:03.120 --> 0:09:06.200 twenty twenty two, Elsavadoro hosted a meeting with financial institution 0:09:06.280 --> 0:09:09.240 representatives from forty four countries. I'm not going to read 0:09:09.280 --> 0:09:10.560 them all to you. We'll link this in the show 0:09:10.559 --> 0:09:15.440 notes down below. Argentina visited in October of twenty twenty four, 0:09:15.679 --> 0:09:19.280 so just recently expressed interest in El Salvador's experience with bitcoin. 0:09:19.600 --> 0:09:23.600 Other nations. Bhutan has put in over one billion dollars 0:09:23.640 --> 0:09:27.600 into bitcoin, so forty four nations, Argentina, Bhuton has already 0:09:27.640 --> 0:09:31.240 got a billion dollars. So El Salvador is influencing countries. 0:09:31.520 --> 0:09:34.199 This is happening that they've paid off the debt trap 0:09:34.280 --> 0:09:37.240 and now this gamble's paid off. Now. Of course, in 0:09:37.280 --> 0:09:39.400 the competitive world that we have in the world of 0:09:39.440 --> 0:09:43.400 game theory, like I said, competition's real. Other people are 0:09:43.440 --> 0:09:46.520 starting to pay attention. But again, El Savador's not very influential. 0:09:46.640 --> 0:09:50.040 What if the most influential country in the entire world 0:09:50.120 --> 0:09:52.160 were to do this, of course we're talking about the 0:09:52.280 --> 0:09:56.320 United States. Now we'd see something very different if the 0:09:56.559 --> 0:10:00.360 US moves the US having the US dollar right reserve 0:10:00.440 --> 0:10:03.400 currency of the world, the global financial system of the world. 0:10:03.640 --> 0:10:06.200 If the US were to do this, which as I said, 0:10:06.280 --> 0:10:09.960 it's already submitted, the bill's already there. We have a 0:10:10.080 --> 0:10:14.360 red Now, a Republican led Senate and House and presidency 0:10:14.640 --> 0:10:17.360 and there's a very strong chance this bill will go through. 0:10:17.400 --> 0:10:18.800 I'm going to show you why I think that in 0:10:18.840 --> 0:10:21.720 a minute. But if this happens, if the US moves, 0:10:21.960 --> 0:10:24.079 then the entire G seven, the top seven country of 0:10:24.120 --> 0:10:26.160 the world, the G twenty, the top twenty country of 0:10:26.160 --> 0:10:28.720 the world, would basically be pressured into this. Now this 0:10:28.840 --> 0:10:31.920 is not my speculative guess this, don't rely on me. 0:10:32.120 --> 0:10:34.400 Let me show you the receipts. Let's look back in history. 0:10:34.640 --> 0:10:36.600 So there's a couple of times this has happened. Now 0:10:36.800 --> 0:10:39.320 for your history, buffs, you might know this, but there's 0:10:39.320 --> 0:10:41.520 been lots of money throughout the world, and at one 0:10:41.559 --> 0:10:44.520 point the world was on a silver standard, all right, 0:10:44.880 --> 0:10:47.480 but then the world started to transition from a silver 0:10:47.520 --> 0:10:51.360 standard to a gold standard. A small business owner, are 0:10:51.400 --> 0:10:54.200 you buried in all types of work keeping you from 0:10:54.280 --> 0:10:56.800 the real thing that makes you money? Well, that's where 0:10:56.960 --> 0:10:59.040 Just Works comes in. They're the all in one platform 0:10:59.080 --> 0:11:02.200 that supports small business growth. You can get all their 0:11:02.200 --> 0:11:05.440 tools that help with benefits like payroll and HR and 0:11:05.480 --> 0:11:09.600 compliance with transparent pricing. Now they helped you hire top 0:11:09.640 --> 0:11:14.200 talent internationally internew markets, quickly scale international operations without the 0:11:14.240 --> 0:11:17.400 workload and forevery how do I do it? Question? You 0:11:17.440 --> 0:11:20.360 can reach out to their expert staff from sole proprietor 0:11:20.679 --> 0:11:24.080 or a team of twenty. Just Works empowers all kinds 0:11:24.120 --> 0:11:28.079 of small businesses with real human support. So visit justworks 0:11:28.120 --> 0:11:31.520 dot com slash podcast to join the thousands of small 0:11:31.520 --> 0:11:35.199 businesses that trust just Works to take care of payroll, benefits, 0:11:35.360 --> 0:11:40.160 compliance and more. Again that's Justworks dot com slash podcasts. 0:11:41.160 --> 0:11:43.280 All right, So the money suppli has changed many times, 0:11:43.320 --> 0:11:45.360 the reserve currency of the world has changed many times. 0:11:45.480 --> 0:11:47.440 And here we have when the world started going to 0:11:47.480 --> 0:11:50.439 a gold standard. This was in the nineteenth and twentieth centuries, 0:11:50.640 --> 0:11:52.560 and it was a goold rush and a gold rush, 0:11:52.559 --> 0:11:54.520 and then each nation started to do this, and we 0:11:54.559 --> 0:11:58.000 can see here that Portugal quickly implemented the gold standard 0:11:58.000 --> 0:12:01.520 in eighteen fifty four. Germany had already started doing the 0:12:01.559 --> 0:12:04.640 gold standard as well. By eighteen seventy one, the US 0:12:04.679 --> 0:12:08.240 adopted the coinageac of eighteen seventy three. So by nineteen 0:12:08.320 --> 0:12:13.240 hundred most countries had begun using the gold standard except China. 0:12:13.760 --> 0:12:15.760 This is a very key piece to understand here in 0:12:15.800 --> 0:12:17.960 the world of game theory. It's very important so the 0:12:18.000 --> 0:12:20.280 whole world started leaving silver to go to gold, as 0:12:20.280 --> 0:12:23.320 I said, but China decided not may doing that. We 0:12:23.360 --> 0:12:25.120 have a lot of silver, We're not going to trade 0:12:25.120 --> 0:12:26.760 it for gold. We're going to stick with what we have. 0:12:27.160 --> 0:12:29.800 The problem with game theory is they were left out. 0:12:30.160 --> 0:12:32.320 So there's a whole global financial system moved to gold. 0:12:32.679 --> 0:12:35.560 China was out, and they lost their position as a 0:12:35.600 --> 0:12:37.640 global leader. Now I made a video a long time 0:12:37.679 --> 0:12:40.120 ago talking about how now China has been trying to 0:12:40.160 --> 0:12:43.120 get back to that position for about one hundred years 0:12:43.120 --> 0:12:46.240 and now maybe have cornered the gold market. But just 0:12:46.320 --> 0:12:49.440 as they've cornered the gold market, now the whole world 0:12:49.559 --> 0:12:52.400 is starting to shift again, or it could if this happens, 0:12:52.400 --> 0:12:54.360 then I'm going to show you that. Now again, it's 0:12:54.360 --> 0:12:56.560 not just gold. Game theory is real. Let me give 0:12:56.559 --> 0:12:58.920 you a couple other historical examples. So here we have 0:12:59.440 --> 0:13:02.880 the space So when the US and Russia were in 0:13:02.880 --> 0:13:05.480 this Cold War, they were both rushing to get to space, 0:13:05.760 --> 0:13:07.720 to who could get up satellites and things like that, 0:13:07.760 --> 0:13:10.880 who could control space. Now we see the space race 0:13:10.960 --> 0:13:13.440 was a competitive competition between the United States and the 0:13:13.480 --> 0:13:17.000 Soviet Union. It began in nineteen fifty five when the 0:13:17.080 --> 0:13:20.920 Soviet Union responded to the US's announcement to launch artificial satellites. 0:13:21.000 --> 0:13:23.320 So it was a race who's gonna win this, and 0:13:23.400 --> 0:13:26.480 the first mover, of course, always has the advantage. There 0:13:26.480 --> 0:13:29.120 was no set rules at first, but President Kennedy, and 0:13:29.240 --> 0:13:31.040 this is a key piece here, there are no set 0:13:31.120 --> 0:13:34.520 rules for this at first, but somebody threw down the gauntlet. 0:13:34.679 --> 0:13:37.680 That was President Kennedy. He set a clear goal for 0:13:37.760 --> 0:13:40.640 the US, which was land demand on the Moon before 0:13:40.679 --> 0:13:43.679 the Soviets, sort of like the President now is also 0:13:44.280 --> 0:13:46.400 thrown down the gauntlet and said, we have a clear 0:13:46.440 --> 0:13:50.240 plan to establish a reserve of one million bitcoin. Once 0:13:50.280 --> 0:13:53.720 it's down, it's laid out on paper. Now it gives 0:13:53.720 --> 0:13:56.720 people a target. So once that happened, then the race 0:13:56.880 --> 0:13:58.680 was on and we can go back. I'll give you 0:13:58.720 --> 0:14:00.480 one more example. We can go all day on this. 0:14:01.360 --> 0:14:03.840 We can also see the same thing happened with nuclear 0:14:04.120 --> 0:14:06.480 So there was the United States versus the Soviet Union, 0:14:06.679 --> 0:14:09.320 which is called the prisoner's dilemma, which is basically this 0:14:09.480 --> 0:14:12.200 nuclear arms race. So we're trying to build up our 0:14:12.280 --> 0:14:14.920 armies as fast as we can. But basically it caused 0:14:14.960 --> 0:14:17.720 both nations to pour trillions of dollars and resources into 0:14:17.720 --> 0:14:21.120 manufacturing nuclear weapons. And the reason why this is the 0:14:21.120 --> 0:14:24.920 prisoner's dilemma. It's basically a situation showcasing why two players 0:14:24.920 --> 0:14:28.960 may act selfishly, even if acting selflessly appears to be 0:14:29.000 --> 0:14:32.960 in their best interest for the two options. And so 0:14:33.360 --> 0:14:35.760 that's exactly what's happening. We've seen this happen over and 0:14:35.800 --> 0:14:39.560 over and through history. We understand incentive mechanisms, we understand 0:14:39.800 --> 0:14:42.640 game theory. So that's why this is not speculation. The 0:14:42.680 --> 0:14:46.120 gauntlet has been thrown down, the bill is put forward, 0:14:46.160 --> 0:14:48.880 and the chance of it going through is extremely high. 0:14:49.280 --> 0:14:52.160 And now every nation is trying to figure out, well, 0:14:52.600 --> 0:14:55.520 who's gonna move first and how fast are they going 0:14:55.560 --> 0:14:58.240 to move? Now, the interesting thing to understand about this 0:14:58.400 --> 0:15:01.080 is that this is all I'm all creating what I'm 0:15:01.080 --> 0:15:05.120 calling sovereign fomo. Right, each sovereignation has fear of missing out, 0:15:05.320 --> 0:15:09.680 And we have sovereign fomo where demand is going parabolic, 0:15:10.040 --> 0:15:12.720 but it's going into an immovable object or basically a 0:15:12.760 --> 0:15:17.880 fixed supply. So the thing with commodities so oil, uranium, copper, silver, 0:15:18.000 --> 0:15:20.200 et cetera. The thing with commodities and bitcoin as a 0:15:20.200 --> 0:15:24.080 commodity is that it's unlike an equity. We set the 0:15:24.080 --> 0:15:26.960 price of a commodity based off of supply and demand. Now, 0:15:27.040 --> 0:15:30.600 the supply of oil is it's very hard to dictate, right, 0:15:30.640 --> 0:15:32.040 I mean, we have all these different nations pumping in 0:15:32.080 --> 0:15:35.080 different schedules and different timeframes. But with bitcoin, we have 0:15:35.160 --> 0:15:37.680 a fixed supply twenty one million, so it takes the 0:15:37.720 --> 0:15:40.000 supply side out of the equation. So all we have 0:15:40.040 --> 0:15:43.120 to really pay attention to is the demand side. So 0:15:43.400 --> 0:15:45.640 we know that, like I said, bitcoin has twenty one million. 0:15:45.920 --> 0:15:48.240 Now here's where things get interesting. Let me break down 0:15:48.280 --> 0:15:50.240 a little bit of math for you. So here's just 0:15:50.560 --> 0:15:53.960 two buyers. Now, I've done videos talking about Michael Sailor 0:15:54.000 --> 0:15:57.200 and micro Strategy. I talked to about the infinite money glitch. 0:15:57.360 --> 0:15:58.840 Maybe we can link that video in the show note 0:15:58.840 --> 0:16:01.240 down below you should understand what Michael Sailor micro Strategy 0:16:01.280 --> 0:16:04.560 is doing. But here we have some math. So there, 0:16:04.640 --> 0:16:06.960 right now, we have about one hundred and sixty four 0:16:07.200 --> 0:16:10.200 thousand bitcoin being produced per year through mining. One hundred 0:16:10.240 --> 0:16:13.880 and sixty four thousand per year. Now, per Michael Sailor, 0:16:14.240 --> 0:16:17.040 they plan micro Strategy plans to buy one hundred and 0:16:17.080 --> 0:16:20.880 seventy five thousand bitcoin per year for the next three years. 0:16:21.000 --> 0:16:24.480 Just one company, just one then, Senator Lumus is built 0:16:24.480 --> 0:16:27.240 in the United States government says they want to buy two 0:16:27.320 --> 0:16:30.640 hundred thousand bitcoin per year. So just two people, just 0:16:30.720 --> 0:16:34.840 the US and micro Strategy planned to buy three hundred 0:16:34.840 --> 0:16:38.840 and seventy five thousand bitcoin per year. The problem is 0:16:38.880 --> 0:16:42.240 there's only one hundred and sixty four thousand being created 0:16:42.320 --> 0:16:45.240 per year, which means there's way more demand there supply. Now, 0:16:45.320 --> 0:16:48.120 this is just two buyers. This is not accounting for 0:16:48.160 --> 0:16:51.440 the sovereign FOMO that's about to happen. And now you 0:16:51.440 --> 0:16:54.040 can start to see how quickly this can run away. Now, 0:16:54.120 --> 0:16:56.160 let me show you a couple other things. Now we 0:16:56.160 --> 0:16:58.920 can see right here, this is bitcoin on the exchanges. 0:16:59.200 --> 0:17:01.480 So this gold line is the bitcoin price, and this 0:17:01.600 --> 0:17:04.280 green line is the amount of bitcoin that's available to 0:17:04.320 --> 0:17:07.359 buy currently on exchanges. And you can see as the 0:17:07.400 --> 0:17:11.280 price goes up, the available bitcoin in the ecosystem to 0:17:11.320 --> 0:17:13.800 buy right now is going down. Now, there's always going 0:17:13.840 --> 0:17:15.560 to be bitcoin to buy, So for everybody that's gonna 0:17:15.560 --> 0:17:17.280 go yeah, then everyone's going to hoard it and all 0:17:17.280 --> 0:17:19.320 these people that get a first move advantage, lucky for them. No, 0:17:19.720 --> 0:17:22.680 there's always going to be bitcoin available at the right 0:17:22.840 --> 0:17:25.600 price supply and demand. That's how this works. But we 0:17:25.600 --> 0:17:27.600 can see how this is already set in the stage 0:17:27.600 --> 0:17:29.800 for fomo. Now we can look at this charge, which 0:17:29.800 --> 0:17:33.600 I think is pretty interesting, and this shows the amount 0:17:33.760 --> 0:17:38.320 of bitcoin addresses that have at least one bitcoin in them. 0:17:38.560 --> 0:17:42.040 And what we can see is there's about one million 0:17:42.320 --> 0:17:45.800 addresses wallets that have one bitcoin in them. Now, let's 0:17:45.840 --> 0:17:48.040 think about this for a second. In the United States, 0:17:48.359 --> 0:17:53.280 there's about twenty two million millionaires. Twenty two million people 0:17:53.320 --> 0:17:55.880 have at least a million dollars, okay, but there's only 0:17:55.880 --> 0:17:59.160 twenty one million bitcoin, and only one million so far 0:17:59.280 --> 0:18:03.320 have even one bitcoin. In the world, there's about sixty 0:18:03.520 --> 0:18:08.520 million millionaires and there's only twenty one million bitcoin. Do 0:18:08.720 --> 0:18:10.639 the math. You can see. And now this is not 0:18:10.680 --> 0:18:12.800 accounting for the micro strategies and all the other corporations 0:18:12.800 --> 0:18:14.680 coming on board. It's not accounting for the sovereign phone. 0:18:14.720 --> 0:18:17.080 Well that's about to happen. And what this does is 0:18:17.119 --> 0:18:19.080 it sets a floor on the price. Okay, so this 0:18:19.119 --> 0:18:22.359 is very interesting. So when you think about buyers, whether 0:18:22.359 --> 0:18:24.719 it's me or you or maybe a hedge fund. Right, 0:18:24.840 --> 0:18:26.760 you're like a price conscious buyer. I want to buy 0:18:26.800 --> 0:18:28.960 on dips. The price goes up, maybe I'll sell a 0:18:29.000 --> 0:18:30.880 little bit. I won't sell a little bit, but I'll 0:18:30.880 --> 0:18:33.200 certainly buy on dips. I'm trying to sort of trade 0:18:33.240 --> 0:18:36.360 around and find the right price floor. But some buyers, 0:18:36.600 --> 0:18:39.800 like nations, for example, are not price sensitive. So Michael 0:18:39.800 --> 0:18:42.399 Sailor with micro Strategy, for example, is not price sensitive. 0:18:43.040 --> 0:18:46.400 They just bought. Micro Strategy just acquired another two billion 0:18:46.440 --> 0:18:49.320 dollars worth of bitcoin just a week ago at eighty thousand, 0:18:49.560 --> 0:18:51.240 and he says he's going to continue to buy every 0:18:51.240 --> 0:18:53.520 top along the way, So no matter what the price is, 0:18:53.680 --> 0:18:56.600 they just buy on a regular basis that allar cost 0:18:56.680 --> 0:18:59.800 averaging in nation states are very similar. They will just 0:19:00.000 --> 0:19:02.440 continue to buy. They're not trying to trade around the price. 0:19:02.600 --> 0:19:04.439 So what that does is it sets a floor. So 0:19:04.480 --> 0:19:07.399 we have nations who are not pro sensitive. Corporations like 0:19:07.480 --> 0:19:10.240 micro Strategy are not pro sensitive, and they're buying more 0:19:10.280 --> 0:19:13.440 than is being produced, So that means there's more demand 0:19:13.680 --> 0:19:16.680 a floor of more demand than there is available supply, 0:19:16.920 --> 0:19:19.320 which is pretty interesting and as I said, we know 0:19:19.440 --> 0:19:22.439 there is certainly not enough to go around. So what 0:19:22.480 --> 0:19:25.560 does all that mean? What does that mean for us? 0:19:25.760 --> 0:19:27.760 What does that mean for us whether we think we're 0:19:27.760 --> 0:19:30.520 bullish on bitcoin or using bitcoin is stupid and ridiculous. 0:19:30.680 --> 0:19:33.240 Either way, let's show you what this means. So what 0:19:33.359 --> 0:19:37.040 happens is Bitcoin sort of moves in these cycles. Right, 0:19:37.440 --> 0:19:39.480 Nothing's ever gone up in a straight line. There's never 0:19:39.480 --> 0:19:41.159 been an asset that's gone up in a straight line. 0:19:41.280 --> 0:19:43.280 And so we have peaks, and we have valleys, and 0:19:43.359 --> 0:19:44.760 a new peak in a valley, and it sort of 0:19:44.800 --> 0:19:48.120 works like that. Now, as this goes up, it sort 0:19:48.160 --> 0:19:51.160 of moves in this line. But we have a high 0:19:51.240 --> 0:19:53.679 point and a low point where this could be. So 0:19:54.400 --> 0:19:57.320 if this goes through, I believe we'll be on the 0:19:57.400 --> 0:19:58.879 high side. I'll show you what the high site is 0:19:58.880 --> 0:20:01.119