WEBVTT - The Mark Moss Show Nov 08, 2021 0:00:00.040 --> 0:00:03.040 Hey, everyone, welcome to another episode of The Mark Moss Show, 0:00:03.080 --> 0:00:08.200 where I bring to the latest in bitcoin, cryptocurrencies, and 0:00:08.280 --> 0:00:12.400 of course the giant decentralized revolution that's happening right in 0:00:12.640 --> 0:00:15.760 front of your eyes. Now, you've probably all been here 0:00:15.800 --> 0:00:20.200 in the whispers across the interwebs of what this bitcoin is, 0:00:20.440 --> 0:00:23.640 what these cryptocurrencies are. You're hearing about all types of 0:00:23.680 --> 0:00:25.919 things and n f t s and dog coins and 0:00:25.960 --> 0:00:29.880 you don't know what's what. Um, maybe it's a scam, 0:00:29.880 --> 0:00:33.919 maybe it's a ponzi, Maybe it's a fad, or maybe 0:00:34.640 --> 0:00:39.800 just maybe this is the biggest thing that you'll ever see, 0:00:39.840 --> 0:00:41.559 the biggest opportunity that you ever see in your life. 0:00:41.560 --> 0:00:44.920 And of course that's what I believe. UM. I don't 0:00:44.960 --> 0:00:48.479 just believe that blindly. I know that factually as a 0:00:48.479 --> 0:00:53.640 student of history, as a lifelong investor, entrepreneur, and uh, 0:00:53.800 --> 0:00:55.640 each and every week, I'm gonna bring to you the 0:00:55.680 --> 0:00:59.080 information that I have learned along the way that I've 0:00:59.120 --> 0:01:01.880 been studying or years and years and years, and I'm 0:01:01.920 --> 0:01:04.000 going to share that with you. And you want to 0:01:04.040 --> 0:01:08.160 know this information because I'm not being dramatic or over 0:01:08.160 --> 0:01:09.880 the top here, but I literally mean this is going 0:01:09.920 --> 0:01:11.880 to be the biggest opportunity that you'll ever see in 0:01:11.920 --> 0:01:14.959 your lifetime, that you'll see in multiple generations. And as 0:01:15.000 --> 0:01:16.760 I like to say, age and every week, this is 0:01:16.840 --> 0:01:21.240 the largest, the best asymmetric opportunity. That means there's more 0:01:21.440 --> 0:01:23.480 upside than downside. And the way that you benefit from 0:01:23.520 --> 0:01:27.760 these asymmetric opportunities is by having asymmetric information. That means 0:01:27.760 --> 0:01:32.720 you have information that most people don't have. Now, when 0:01:32.760 --> 0:01:34.840 you have information that most people don't have, you have 0:01:34.880 --> 0:01:38.720 an edge. As an investor, as a business person, you 0:01:38.840 --> 0:01:43.120 need an edge. Otherwise, if everybody knows the same thing, 0:01:43.280 --> 0:01:45.360 there's no edge, there's no alpha, there's no way for 0:01:45.400 --> 0:01:48.960 you to get a better return. Right. If you're an athlete, 0:01:49.680 --> 0:01:51.440 you want to have an edge on your competition, right, 0:01:51.440 --> 0:01:54.040 so you study your competition to find their weaknesses and 0:01:54.080 --> 0:01:55.880 where you can you have strength or at the edge. 0:01:55.920 --> 0:01:59.600 And so the edge isn't having the information that most 0:01:59.600 --> 0:02:04.520 people don't have. Now. I have been studying this, I've 0:02:04.560 --> 0:02:07.800 been researching it and I've been writing about it since 0:02:07.880 --> 0:02:11.760 two thousand and fifteen, it's about six years now. UM. 0:02:11.800 --> 0:02:15.520 I have been a lifelong investor. I invested through the 0:02:15.600 --> 0:02:18.560 dot com bubble and and on. I started to eat 0:02:18.919 --> 0:02:22.400 internet business. I have a fortune, so I have the perspective. 0:02:22.440 --> 0:02:24.200 I've been doing it. I've been studying this for a 0:02:24.200 --> 0:02:28.519 long time. I've personally researched and published over a thousand 0:02:28.680 --> 0:02:34.320 pages of research on cryptocurrencies, and so I have an edge. 0:02:34.800 --> 0:02:36.960 I've made a lot of money in this space because 0:02:37.040 --> 0:02:39.480 i have an edge, because I've been doing this for 0:02:39.520 --> 0:02:42.160 a long time. I have you know, I have a 0:02:42.240 --> 0:02:45.000 radio show now, and I have access to the smartest 0:02:45.200 --> 0:02:48.240 people in the space. I mean, I'm talking the builders, 0:02:48.560 --> 0:02:51.800 the doers, the investors. I'm talking the smartest people in 0:02:51.800 --> 0:02:53.680 the space. And I talked to him on a regular basis. 0:02:53.720 --> 0:02:56.360 They're my friends. We chat on the phone. I had 0:02:56.400 --> 0:02:59.560 dinner with him, a couple of them last night. I 0:02:59.600 --> 0:03:01.960 have an edge. I have information that most people don't have. 0:03:02.680 --> 0:03:06.320 But guess what, you can have that edge too. You 0:03:06.360 --> 0:03:08.760 can hang out with me each end every week right 0:03:08.760 --> 0:03:11.880 here on this radio show, and I'm gonna tell you 0:03:12.600 --> 0:03:15.480 what the smartest people in the space, my friends are 0:03:15.520 --> 0:03:19.080 telling me the conversation that we're having, and so my 0:03:19.280 --> 0:03:21.360 edge is your edge. As long as you stay with me, 0:03:21.560 --> 0:03:24.240 it's gonna be the most profitable time of your week. 0:03:24.760 --> 0:03:26.680 So pull ut your phone, put a reminder is at 0:03:26.680 --> 0:03:30.079 this time, this date, this channel the station on your phone, 0:03:30.639 --> 0:03:34.079 and do not miss it because it's gonna be that big. 0:03:34.080 --> 0:03:36.600 Now we're talking about bitcoin, we're talking about cryptocurrencies in 0:03:36.640 --> 0:03:41.040 this decentralized revolution and and the wealth transfer that's happening. 0:03:41.120 --> 0:03:45.800 And you know, I like to talk about why it's 0:03:45.800 --> 0:03:49.520 important because you need to understand how big it can 0:03:49.600 --> 0:03:54.200 be and when it can get there, like what are 0:03:54.200 --> 0:03:56.920 the markets that's disrupting, how much value can it pull? 0:03:57.000 --> 0:03:59.360 How much can it change our life? Um? And that 0:03:59.400 --> 0:04:01.640 helps us set like this target of where it can go, 0:04:02.440 --> 0:04:05.320 and then we want to pay attention to that target 0:04:05.440 --> 0:04:07.920 to make sure that it's still in play, right, it's 0:04:07.920 --> 0:04:11.800 still in progress. And so that's what we do each week. 0:04:11.920 --> 0:04:14.240 You know, I'm going to continue to let you know 0:04:14.360 --> 0:04:17.240 why it's so big. You know, how big it can be, UM, 0:04:17.279 --> 0:04:19.640 the industries that can disrupt, all those all those super 0:04:19.680 --> 0:04:21.760 fun things. And then each and every week we want 0:04:21.760 --> 0:04:23.760 to pay attention to those things to make sure that 0:04:23.880 --> 0:04:27.360 it is still on track. UM. And so we're doing 0:04:27.400 --> 0:04:30.640 that now. UM as far as the price goes, you know, 0:04:30.680 --> 0:04:34.479 we're gonna talk about the price. We this is the 0:04:34.520 --> 0:04:37.840 first show of the month of November, and the bitcoin price, 0:04:37.839 --> 0:04:41.039 which of course leads the entire cryptocurrency space, closed at 0:04:41.080 --> 0:04:44.320 an all time high last month and November the highest 0:04:44.360 --> 0:04:47.400 point it's ever crossed. And so that is a very 0:04:47.600 --> 0:04:52.279 bullish sign on the market. You know. And bitcoin is 0:04:52.360 --> 0:04:55.599 now over a trillion dollar it's about I think one 0:04:55.600 --> 0:04:59.800 point one one point one five trillion dollar market cap. 0:04:59.839 --> 0:05:01.480 As a matter of fact, it's you know, one point 0:05:01.520 --> 0:05:05.760 one five and uh, it's massive, it's massive. It's it's 0:05:05.800 --> 0:05:10.000 it's a legitimate asset. The entire cryptocurrency market cap is 0:05:10.040 --> 0:05:14.720 up to about uh two point six trillion dollars, which 0:05:14.800 --> 0:05:17.520 is again massive, It's it's a it's legit, right, it's 0:05:17.640 --> 0:05:22.640 legit now. And I was saying before, uh, you know, 0:05:22.880 --> 0:05:25.720 I've been looking at and thinking about the price, and um, 0:05:25.839 --> 0:05:27.280 you know, I like to say that the price is 0:05:27.279 --> 0:05:29.640 a little bit of a distraction. But I like to 0:05:29.680 --> 0:05:32.920 say that the price, while it's a distraction, while while 0:05:33.040 --> 0:05:35.320 I do not believe that it's something that you should 0:05:35.360 --> 0:05:40.159 be focused on, and I'll explain to you why. What 0:05:40.240 --> 0:05:42.760 I do think though, is that bitcoin and cryptocurrencies, and 0:05:42.760 --> 0:05:47.159 bitcoin specifically is a bait and switch. I have a 0:05:47.279 --> 0:05:49.120 have a tweet that went viral saying that kind of 0:05:49.160 --> 0:05:51.960 same thing. It's on my email newsletter. The bitcoin is 0:05:52.000 --> 0:05:54.560 a bait and switch. It sucks people in on the price, 0:05:54.880 --> 0:05:56.960 hoping to get rich, hoping to make a bunch of money, 0:05:57.240 --> 0:06:01.919 and then it switches them into realizing that bitcoin is 0:06:02.000 --> 0:06:05.880 the greatest invention, the greatest innovation, the greatest technological revolution 0:06:05.880 --> 0:06:10.080 that will ever see that will literally change the way 0:06:10.279 --> 0:06:14.480 humanity works for the better, for the better. Um, throughout history, 0:06:14.680 --> 0:06:16.479 as far back as you go, it's just a cycle 0:06:16.560 --> 0:06:21.559 of of oppression, revolution and freedom and then oppression, revolution, freedom. 0:06:21.600 --> 0:06:23.680 It just repeats over and over and over and um. 0:06:23.720 --> 0:06:27.040 You know, man, humans want to take control over systems 0:06:27.080 --> 0:06:30.400 and manipulate them, and it creates distortions in the market, 0:06:30.520 --> 0:06:33.159 and we print all kinds of money and then people 0:06:33.320 --> 0:06:37.280 get enslaved. Um. Maybe if you don't want to use 0:06:37.279 --> 0:06:40.440 that word today, just think about you know, oppressed, Think 0:06:40.440 --> 0:06:43.080 about all the people whose businesses got forced to shut 0:06:43.160 --> 0:06:45.880 down and people that can't go to work today. You know, 0:06:46.160 --> 0:06:48.760 um that that type of oppression it's created. You know, 0:06:48.800 --> 0:06:52.080 supply chain backups that how have today, you know, prices 0:06:52.080 --> 0:06:55.400 shooting through the moon. Of course, you know the people 0:06:55.480 --> 0:06:58.760 that be in power, the leaders that be today gaslighting 0:06:58.839 --> 0:07:03.640 you saying it's you're not really seen inflation. Uh, it's 0:07:03.680 --> 0:07:07.120 not really a problem. Um, and it's it's it's all 0:07:07.200 --> 0:07:11.640 gonna go away. Well, if you go fill up your 0:07:11.760 --> 0:07:14.120 car with gas, or you go buy some food at 0:07:14.120 --> 0:07:17.600 the grocery store, you realize that prices are going higher 0:07:17.640 --> 0:07:21.560 and it is a problem. And so bitcoin can fix that. 0:07:21.800 --> 0:07:25.960 Bitcoin can fix the entire incentive structure to the entire world, 0:07:27.480 --> 0:07:31.680 making it a much more peaceful, much more friendly place. 0:07:32.040 --> 0:07:33.960 And so it's that big. It's gonna change many and 0:07:34.040 --> 0:07:36.760 so um, that's what we're focused on. But again, the 0:07:36.800 --> 0:07:39.280 price is that bait and switch baits you in with 0:07:39.360 --> 0:07:42.600 the price switch it to the greatest tool for human 0:07:42.800 --> 0:07:45.880 freedom and flourishment that the world has ever seen. But 0:07:46.000 --> 0:07:48.720 going back to the price for a minute. Um again, 0:07:48.760 --> 0:07:50.760 because it's the bait, going back to the price for 0:07:50.800 --> 0:07:52.440 a minute. Like I said, we closed the month at 0:07:52.600 --> 0:07:56.160 at all time high, and the network continues to go 0:07:56.360 --> 0:07:59.480 higher and higher and higher. Now I think it was 0:07:59.560 --> 0:08:02.720 twenty seventeen, the biggest bank right, the most powerful bank 0:08:02.760 --> 0:08:06.000 in the United States. I'm talking about JP Morgan. Chase 0:08:06.640 --> 0:08:09.720 Um and Jamie Diamond is the president of the bank, 0:08:09.800 --> 0:08:13.440 the CEO of of JP Morgan. In seen, he said 0:08:13.480 --> 0:08:17.040 that bitcoin is a scam, it's a fraud, and he 0:08:17.080 --> 0:08:20.720 would never, ever, ever, ever think about buying bitcoin. As 0:08:20.760 --> 0:08:22.520 a matter of fact, he went on to say some 0:08:22.640 --> 0:08:24.640 harsh things, even harsher than that, and went on to 0:08:24.680 --> 0:08:30.040 say that if anybody from JP Morgan even traded bitcoin, 0:08:30.240 --> 0:08:35.800 he would fire them. What. That's pretty harsh, right, That's 0:08:35.800 --> 0:08:38.400 it's super harsh. That's what he said. Um. It makes 0:08:38.400 --> 0:08:39.800 me think of this quote. I think it was gone 0:08:39.800 --> 0:08:41.920 to who said, you know what, at first ignore you, 0:08:42.400 --> 0:08:45.880 then they laugh at you, then they fight you, and 0:08:45.920 --> 0:08:48.160 then they joined you. And that's kind of what we've 0:08:48.160 --> 0:08:49.960 seen with JP Morgan, Like I said, probably the most 0:08:50.000 --> 0:08:53.280 influential bank in the United States. Um will fire anybody 0:08:53.320 --> 0:08:56.880 if they even trade bitcoin. That's what he said. Um, 0:08:57.040 --> 0:09:01.600 but that was my my My things have changed. As 0:09:01.600 --> 0:09:05.400 a matter of fact. JP Morgan just put out some 0:09:05.440 --> 0:09:08.680 new guidance this week of where they think bitcoin could 0:09:08.760 --> 0:09:13.040 go and why it could go there and how fast 0:09:13.080 --> 0:09:16.280 it could go. And you will not believe the price 0:09:16.520 --> 0:09:20.840 that they have pegged onto bitcoin and again, um, why 0:09:20.920 --> 0:09:22.640 they think it can get there, How they can get 0:09:22.720 --> 0:09:25.480 get there? Um. And so we went from JP Morgan 0:09:25.559 --> 0:09:28.200 saying I'll fire anybody who buys it, and now JP 0:09:28.280 --> 0:09:30.400 Morgan is advising their clients, I'm gonna tell you where 0:09:30.400 --> 0:09:32.000 that price is going to go when we get back. 0:09:32.200 --> 0:09:35.000 You're listening to the Mark mass Show. I'm talking about bitcoin, 0:09:35.040 --> 0:09:38.119 I'm talking about cryptocurrencies. I'm talking about the decentralized Revolution, 0:09:38.600 --> 0:09:41.640 and I will be right back. All right, welcome back. 0:09:41.679 --> 0:09:44.320 You are listening to the Mark ma Show, and we're 0:09:44.360 --> 0:09:49.000 talking about bitcoin and cryptocurrencies and the decentralized revolution, bringing 0:09:49.040 --> 0:09:53.120 you the latest information each and every week so you 0:09:53.160 --> 0:09:55.640 can profit from the greatest opportunity that you'll ever see 0:09:55.679 --> 0:09:59.000 in your lifetime multiple generations. Now, before we went on 0:09:59.120 --> 0:10:01.480 the last break, if you were still with me, we 0:10:01.480 --> 0:10:04.720 were talking about how the price is a distraction when 0:10:04.760 --> 0:10:07.679 you're investing in new technology. The prices distraction, however, it's 0:10:07.679 --> 0:10:09.560 a bait and switch. It baits us in on the 0:10:09.559 --> 0:10:12.120 price of hopes of making a bunch of money and 0:10:12.200 --> 0:10:13.959 having all our dreams come true and being able to 0:10:13.960 --> 0:10:15.760 buy all those things that we want, and then it 0:10:15.840 --> 0:10:21.640 switches us into the greatest tool for human freedom and peace, uh, 0:10:21.679 --> 0:10:24.920 that we've ever seen. Um. But you know, because the 0:10:24.960 --> 0:10:26.720 prices the bait, We're going to talk about that. And 0:10:26.720 --> 0:10:30.920 I was saying that JP Morgan chased the largest most 0:10:30.960 --> 0:10:33.520 influential bank in the United States, and the CEO, Jimmy 0:10:33.520 --> 0:10:36.800 diamond back In said that bitcoin is such a scam 0:10:36.840 --> 0:10:38.160 that he would never buy it, he would never do 0:10:38.200 --> 0:10:41.040 anything with it, and even if anybody in JP Morgan 0:10:41.160 --> 0:10:43.720 were to trade it, he would fire them, which was 0:10:44.080 --> 0:10:48.800 a pretty extreme, but that's what he said. Um, and my, my, my, 0:10:49.080 --> 0:10:52.160 have they changed their minds? They have changed their minds. 0:10:52.160 --> 0:10:55.120 And of course they have because the bitcoin network has 0:10:55.120 --> 0:10:58.160 continue to grow and it's continued to take over more 0:10:58.200 --> 0:11:00.600 and more market share. And as I said before I 0:11:00.600 --> 0:11:01.760 went on the break, I think it was gone to 0:11:01.840 --> 0:11:04.800 who said that. First they ignore you, so you know 0:11:04.960 --> 0:11:09.080 bitcoin from nine two thousand, two thousand eleven, nobody pay attention. 0:11:09.360 --> 0:11:12.840 Then they laugh at you, you know two thousand ah 0:11:13.040 --> 0:11:14.840 ha ha ha. These people think they can create their 0:11:14.840 --> 0:11:17.439 own money. That's so funny. Um. Then they then they 0:11:17.440 --> 0:11:21.280 fight you, right, So then we have two seventeen two eighteen. Uh, 0:11:21.320 --> 0:11:23.880 they fight it. Jimmy Diamond says, we'll fire anybody who 0:11:23.920 --> 0:11:27.800 does anything with it, fight it, and then finally they 0:11:27.880 --> 0:11:31.720 join you. And that's where we are today two. Everybody 0:11:31.920 --> 0:11:34.320 is joining bitcoin and force. We like to say in 0:11:34.360 --> 0:11:38.280 the space that everybody will buy at the price they deserve. 0:11:40.080 --> 0:11:42.160 Just think about that for a man, and just marinate 0:11:42.240 --> 0:11:44.120 on that for a minute. Everyone will buy at the 0:11:44.160 --> 0:11:48.040 price they deserve. And that just means that eventually everybody 0:11:48.080 --> 0:11:51.040 is going to be forced to capitulate. Eventually everybody is 0:11:51.040 --> 0:11:54.400 going to be forced to buy. And uh, you know, 0:11:54.600 --> 0:11:57.320 your life is made up of the choices that you make. 0:11:57.920 --> 0:12:00.080 That's what That's what makes up your life. And you 0:12:00.120 --> 0:12:03.480 have the choice. You can buy now at this price, 0:12:04.400 --> 0:12:07.160 or you could listen to the people like Jamie Diamond 0:12:07.160 --> 0:12:10.280 who changed their mind and not buy and then you 0:12:10.400 --> 0:12:13.000 just buy later at the price you deserve. And that 0:12:13.080 --> 0:12:16.040 might be uh, when it's ten x from here and 0:12:16.080 --> 0:12:18.960 you get to decide. But of course Jamie Diamond, JP 0:12:19.080 --> 0:12:21.760 Morgan Chase has changed their mind on that, and they 0:12:21.800 --> 0:12:23.640 don't want to buy at a higher price. They want 0:12:23.640 --> 0:12:25.280 to buy the price they deserve. What they think is now, 0:12:25.840 --> 0:12:28.440 and so they've renewed their target. And just this week 0:12:28.559 --> 0:12:31.280 JP Morgan came out UM and they came out with 0:12:31.360 --> 0:12:34.800 a price target of a hundred and forty six thousand 0:12:34.840 --> 0:12:38.960 dollars for bitcoin. Now, a lot of people ask me 0:12:39.000 --> 0:12:42.200 all the time, you know, Um, should I buy bitcoin? 0:12:42.679 --> 0:12:45.080 Is it expense? Is it too expensive? Should I wait 0:12:45.120 --> 0:12:49.320 for a dip? Should I wait? Right? The thing is 0:12:49.320 --> 0:12:55.160 is that is it too expensive? Well? Too expensive relative 0:12:55.200 --> 0:12:59.920 to what? Is it too expensive? Is bitcoin expensive RelA 0:13:00.080 --> 0:13:02.720 to when it was ten cents? Well, heck, yeah, of 0:13:02.760 --> 0:13:05.440 course it is. That's sixty now. Of course it's expensive. 0:13:06.280 --> 0:13:08.720 But is it expensive compared to where it could be 0:13:08.720 --> 0:13:11.439 in the future. So if bitcoin could be a hundred 0:13:11.480 --> 0:13:14.920 and fifty thousand dollars, is it is it expensive or cheap? 0:13:15.160 --> 0:13:17.280 We'll shoot. If I can buy an acid for fifty thousand, 0:13:17.320 --> 0:13:19.200 that's gonna be worth a hundred fifty I'll do that 0:13:19.360 --> 0:13:23.840 all day long. So it's cheap, right, And so JPMorgan 0:13:23.920 --> 0:13:27.320 this week they said that they have renewed their price 0:13:27.360 --> 0:13:31.200 target for bitcoin a hundred forty six thousand dollars and 0:13:31.200 --> 0:13:34.360 they say that UM the bank says bitcoin is increasingly 0:13:34.400 --> 0:13:37.720 looking like a digital alternative to gold in the eyes 0:13:38.000 --> 0:13:41.480 of investors. It went on to say that it said 0:13:41.480 --> 0:13:46.480 cryptos are quote an emerging asset class on a multi 0:13:46.600 --> 0:13:51.840 year structural up trend. And so, um wow, that that 0:13:51.960 --> 0:13:55.080 really went from a fighting fighting us to join us 0:13:55.080 --> 0:13:58.920 pretty quickly, didn't it. Um. And so they said that, um, 0:13:59.040 --> 0:14:01.199 you know, they think that coin surges to a hundred 0:14:01.280 --> 0:14:04.120 forty six thousand dollars. That's about a hundred and thirty 0:14:04.760 --> 0:14:07.719 or more. It's about a hundred and don't almost a 0:14:07.760 --> 0:14:11.839 hundred and fifty percent above today's price. Now, what is 0:14:11.880 --> 0:14:14.480 a hundred and fifty percent? Well, let's just put this 0:14:14.520 --> 0:14:17.920 into perspective. Now we're at this weird point in time 0:14:17.960 --> 0:14:22.880 where everybody's out there gambling today. Um, you know, I've 0:14:22.920 --> 0:14:27.560 been helping investors for decades, and uh, you know, I've 0:14:27.640 --> 0:14:29.520 just never seen people coming into the space with these 0:14:29.520 --> 0:14:32.920 expectations they have today. Um, I see people coming in 0:14:33.000 --> 0:14:35.560 and if I can't make ten times my money this year, 0:14:35.680 --> 0:14:39.080 and I'm like, what make ten times your money this year? 0:14:39.080 --> 0:14:41.000 But that's kind of the expectations of some people to have. 0:14:41.080 --> 0:14:43.560 But um, per JP Morgan, they said that the price 0:14:43.560 --> 0:14:46.920 of bitcoin could go up a hundred and fifty percent. Now, 0:14:46.960 --> 0:14:50.840 so let me put this into perspective for you. Traditionally, people, 0:14:51.080 --> 0:14:53.920 if you go to your financial advisor, you know, you 0:14:53.960 --> 0:14:57.920 go to your child Schwab advisor or whatever you go to, Well, 0:14:58.360 --> 0:15:00.640 they're going to tell you to do a sixty already split, 0:15:00.680 --> 0:15:05.280 put sixty into stocks and put into bonds, and just 0:15:05.440 --> 0:15:07.920 stay in the market. Over the long run, you're gonna 0:15:07.920 --> 0:15:10.400 make a lot of money. It's not timing the market. 0:15:10.440 --> 0:15:15.120 It's time in the market. Well, the market time, time 0:15:15.120 --> 0:15:16.840 in the market. If you've been in the SMP five, 0:15:17.480 --> 0:15:19.800 the biggest stock market in the United States, um, you 0:15:19.840 --> 0:15:22.280 would have average depending on what time frame you're looking at, 0:15:22.320 --> 0:15:24.680 sixty years, eighty years, you would have looked at somewhere 0:15:24.680 --> 0:15:29.680 between a six to eight percent return. Six to eight percent. 0:15:29.920 --> 0:15:34.280 Now that's not bad, that's not bad. You know, every 0:15:34.360 --> 0:15:37.320 seven eight years you double your money. I mean you 0:15:37.400 --> 0:15:40.040 do that, you know, you double it for years in 0:15:40.040 --> 0:15:41.920 a row. You end up with a pretty good nest eig. 0:15:42.320 --> 0:15:44.440 And that's why it's about timing, you know, getting in 0:15:44.480 --> 0:15:47.240 the market now, allowing that power of compounding to grow. 0:15:47.840 --> 0:15:52.000 But that's six percent or eight percent to ap Morgan saying, 0:15:52.000 --> 0:15:56.960 you could make a hundred and fifty percent, So fifties 0:15:57.240 --> 0:15:59.760 is better than six or eight percent. And so guess 0:15:59.760 --> 0:16:02.120 what happens. A lot of people are going to take that, 0:16:02.440 --> 0:16:04.880 and then it becomes like the self fulfilling prophecy. So 0:16:05.120 --> 0:16:07.760 the more people that jump in, the faster it goes up, 0:16:08.640 --> 0:16:10.880 then it drags more people, and the faster it goes up, 0:16:10.920 --> 0:16:13.960 and on and on and on. Now, JP morgan Um 0:16:14.400 --> 0:16:18.920 says that they think one of probably the hundred or 0:16:18.920 --> 0:16:23.160 so reasons why it can go up is two things. One, 0:16:23.560 --> 0:16:27.600 they said that it's it's a scarce product. It's a 0:16:27.640 --> 0:16:31.120 scarce product, so it's it's scarcity, right, so value is 0:16:31.280 --> 0:16:35.880 really given to things that are scarce. Economics are driven 0:16:35.880 --> 0:16:39.920 by supply and demand. The more demand there is but 0:16:40.160 --> 0:16:43.680 less supply, that creates scarcity. More people want something that 0:16:43.760 --> 0:16:46.880 there is something available, and naturally, of course it drives 0:16:46.920 --> 0:16:51.040 the price up. Um, the more supply there is and 0:16:51.080 --> 0:16:54.080 the less demand, then the price goes down. Right, It's 0:16:54.240 --> 0:16:58.880 it's it's pretty basic. Now, your um, your leaders, your 0:16:58.920 --> 0:17:02.240 financial leaders, your economists, the Federal Reserve. They don't want 0:17:02.240 --> 0:17:05.240 you to understand that. They wanted to be some crazy 0:17:05.320 --> 0:17:08.679 complicated uh, you know thing in the head that you 0:17:08.720 --> 0:17:11.439 have to know the velocity of money, and you have 0:17:11.480 --> 0:17:13.840 to know all these things. Um. But now it's just 0:17:13.880 --> 0:17:16.280 applying to man. The more people that want something and 0:17:16.320 --> 0:17:18.480 the less there is of it, the price goes up. 0:17:18.920 --> 0:17:22.199 And that's why, um. The Fiat money system, the system 0:17:22.240 --> 0:17:24.959 that the central banks do use, which is they print 0:17:25.080 --> 0:17:30.000 an unlimited amount of money. UM, then that's why there's 0:17:30.000 --> 0:17:33.240 no value there. That's why it continues to lose value. Again, 0:17:33.320 --> 0:17:36.600 back to scarcity. So JP Morgan says, it's a scarce product, 0:17:36.600 --> 0:17:38.639 but there's something that they are comparing it to. As 0:17:38.640 --> 0:17:41.080 a matter of fact, it's the uh such the largest 0:17:41.119 --> 0:17:43.240 asset class, but it's one of the oldest asset class 0:17:43.240 --> 0:17:44.919 in the world. They say that it compares to I 0:17:44.920 --> 0:17:47.240 want to tell you about that because if you understand 0:17:47.960 --> 0:17:51.200 that market that JP Morgan says is uh is a 0:17:51.240 --> 0:17:54.399 good analog to bitcoin, then you'll really understand what the 0:17:54.440 --> 0:17:56.240 value is and where it's going. So I want to 0:17:56.280 --> 0:17:58.080 tell you what that is and how we can draw 0:17:58.119 --> 0:18:00.600 a comparison to that. But the way you're listening to 0:18:00.640 --> 0:18:02.880 the Mark Moa show, we're talking about bitcoin, we're talking 0:18:02.880 --> 0:18:07.560 about cryptocurrencies, and the decentralized Revolution, helping you navigate the 0:18:07.680 --> 0:18:12.160 greatest wealth transfer you will ever see. The Mark Ma Show, 0:18:12.359 --> 0:18:15.840 and I will be right back, all right, welcome back. 0:18:15.880 --> 0:18:18.199 You are listening to the Markma Show talking about bitcoin 0:18:18.240 --> 0:18:23.199 and cryptocurrencies and the decentralized Revolution. I'm here each and 0:18:23.240 --> 0:18:25.920 every week giving you the information that you need so 0:18:26.040 --> 0:18:28.879 you can stay in this thing. You can stay in 0:18:28.880 --> 0:18:32.040 this thing now. Um, you know what when I say 0:18:32.160 --> 0:18:34.439 stay in this thing, what do I mean by that? Well, 0:18:35.640 --> 0:18:37.800 you know, if you if you bought bitcoin in two 0:18:37.880 --> 0:18:40.280 thousand and ten when it was ten cents um, you 0:18:40.280 --> 0:18:42.320 probably would have sold it a dollar. That would have 0:18:42.320 --> 0:18:43.960 been the best trade of your life. Or you would 0:18:44.000 --> 0:18:45.399 have sold it ten dollars. You would have sold it 0:18:45.440 --> 0:18:47.120 a hunt it dollar. Right, at some point you would 0:18:47.119 --> 0:18:49.879 have sold The only way that you would have been 0:18:49.920 --> 0:18:53.159 able to really really get rich is to stay in it. 0:18:53.680 --> 0:18:55.719 But of course it's hard because the price goes up 0:18:55.720 --> 0:18:57.679 and down, and you hear all these different things, and 0:18:57.720 --> 0:19:00.680 so you have to stay up on news and stay 0:19:00.760 --> 0:19:02.959 up on the development in order to stay in it. 0:19:03.000 --> 0:19:05.240 Otherwise you get shaken out of your position. You don't 0:19:05.240 --> 0:19:07.520 want to get shaken any position. Early, and so that's 0:19:07.520 --> 0:19:10.160 what we're talking about now. I was talking about how 0:19:11.400 --> 0:19:14.920 the prices distraction. It's a bait and switch. You get 0:19:14.920 --> 0:19:16.399 sucked it in the price, then you realize it's the 0:19:16.400 --> 0:19:18.840 life changing technology. But I was specifically, I was talking 0:19:18.840 --> 0:19:22.320 about JP Morgan and one of the most influential, biggest banks, 0:19:22.320 --> 0:19:24.679 oldest banks in the United States, and JP Jamie Diamond 0:19:24.720 --> 0:19:27.960 had said that back in seen that it was a fraud, 0:19:28.000 --> 0:19:30.359 it was a scam and if anybody at JP Morgan 0:19:30.480 --> 0:19:33.359 was traded and he would fire them pretty harsh words. Um, 0:19:33.440 --> 0:19:35.560 that was fighting part. And now they have decided to 0:19:35.640 --> 0:19:37.600 join us. And now JP Morgan this week came out 0:19:37.640 --> 0:19:39.760 with guidance said that they think bitcoin sprice could get 0:19:39.760 --> 0:19:43.399 to a hundred and forty six thousand dollars. And what 0:19:43.440 --> 0:19:46.240 they said is that because of its scarcity. We're talking 0:19:46.240 --> 0:19:50.880 about the scarcity before the break. But they said that, um, 0:19:51.000 --> 0:19:54.720 they think it's tracking like gold. It looks like gold, 0:19:55.960 --> 0:19:58.680 and um they said it's acting more like a digital 0:19:58.760 --> 0:20:02.119 gold than ever. So what happens is whenever there's a 0:20:02.119 --> 0:20:05.920 new technology as humans, because as humans, we can't envision 0:20:05.920 --> 0:20:09.359 the future. All humans can do is imagine a better 0:20:09.520 --> 0:20:11.800 version of what we have today. So we have cars, 0:20:11.800 --> 0:20:14.879 will have flying cars. Right, we can't imagine things in 0:20:14.880 --> 0:20:16.440 the future because we don't have those those things that 0:20:16.520 --> 0:20:19.160 this building blocks. And so what we do to try 0:20:19.160 --> 0:20:22.520 to understand something new like this a new technology is 0:20:22.560 --> 0:20:25.280 we try to um, we try to compare it to 0:20:25.359 --> 0:20:29.159 something we know. That's all we can do. So UM. 0:20:29.240 --> 0:20:33.400 When electricity came out, it's kind of like a digital candle. Right, 0:20:33.480 --> 0:20:35.280 It's a way that I can have light, but I 0:20:35.280 --> 0:20:38.679 don't need a fire to do it. Well, it was 0:20:38.760 --> 0:20:42.240 that it was sure the electricity was a digital candle, 0:20:42.640 --> 0:20:44.720 but why do we need that? I mean, candles have 0:20:44.800 --> 0:20:47.560 been great for five thousand years for light. Candles are 0:20:47.600 --> 0:20:49.879 even better because it's portable. I can carry a candle 0:20:49.920 --> 0:20:51.560 around and I can replace it and I don't need 0:20:51.560 --> 0:20:54.479 all these stupid wires and on and on and on. Right, um, 0:20:54.480 --> 0:20:57.200 and electricity was a digital candle, but of course today 0:20:57.200 --> 0:21:01.040 it's so much more. And um. Gold has also been 0:21:01.080 --> 0:21:03.960 money for five thousand years, and gold has been great, 0:21:04.440 --> 0:21:07.119 um because of many reasons. The money has to have 0:21:07.880 --> 0:21:15.560 characteristics to make it good money, and needs to be portable, divisible, durable, things, acceptable, salable, etcetera. UM, 0:21:15.680 --> 0:21:17.720 and and uh, so it's it's been good money for 0:21:17.760 --> 0:21:20.800 five thousand years, but it's not really that good of 0:21:20.840 --> 0:21:22.800 money today. As a matter of fact, it's not even 0:21:22.840 --> 0:21:29.480