Speaker 1: Hey, everyone, welcome to another episode of The Mark Moss Show,
Speaker 1: where I bring to the latest in bitcoin, cryptocurrencies, and
Speaker 1: of course the giant decentralized revolution that's happening right in
Speaker 1: front of your eyes. Now, you've probably all been here
Speaker 1: in the whispers across the interwebs of what this bitcoin is,
Speaker 1: what these cryptocurrencies are. You're hearing about all types of
Speaker 1: things and n f t s and dog coins and
Speaker 1: you don't know what's what. Um, maybe it's a scam,
Speaker 1: maybe it's a ponzi, Maybe it's a fad, or maybe
Speaker 1: just maybe this is the biggest thing that you'll ever see,
Speaker 1: the biggest opportunity that you ever see in your life.
Speaker 1: And of course that's what I believe. UM. I don't
Speaker 1: just believe that blindly. I know that factually as a
Speaker 1: student of history, as a lifelong investor, entrepreneur, and uh,
Speaker 1: each and every week, I'm gonna bring to you the
Speaker 1: information that I have learned along the way that I've
Speaker 1: been studying or years and years and years, and I'm
Speaker 1: going to share that with you. And you want to
Speaker 1: know this information because I'm not being dramatic or over
Speaker 1: the top here, but I literally mean this is going
Speaker 1: to be the biggest opportunity that you'll ever see in
Speaker 1: your lifetime, that you'll see in multiple generations. And as
Speaker 1: I like to say, age and every week, this is
Speaker 1: the largest, the best asymmetric opportunity. That means there's more
Speaker 1: upside than downside. And the way that you benefit from
Speaker 1: these asymmetric opportunities is by having asymmetric information. That means
Speaker 1: you have information that most people don't have. Now, when
Speaker 1: you have information that most people don't have, you have
Speaker 1: an edge. As an investor, as a business person, you
Speaker 1: need an edge. Otherwise, if everybody knows the same thing,
Speaker 1: there's no edge, there's no alpha, there's no way for
Speaker 1: you to get a better return. Right. If you're an athlete,
Speaker 1: you want to have an edge on your competition, right,
Speaker 1: so you study your competition to find their weaknesses and
Speaker 1: where you can you have strength or at the edge.
Speaker 1: And so the edge isn't having the information that most
Speaker 1: people don't have. Now. I have been studying this, I've
Speaker 1: been researching it and I've been writing about it since
Speaker 1: two thousand and fifteen, it's about six years now. UM.
Speaker 1: I have been a lifelong investor. I invested through the
Speaker 1: dot com bubble and and on. I started to eat
Speaker 1: internet business. I have a fortune, so I have the perspective.
Speaker 1: I've been doing it. I've been studying this for a
Speaker 1: long time. I've personally researched and published over a thousand
Speaker 1: pages of research on cryptocurrencies, and so I have an edge.
Speaker 1: I've made a lot of money in this space because
Speaker 1: i have an edge, because I've been doing this for
Speaker 1: a long time. I have you know, I have a
Speaker 1: radio show now, and I have access to the smartest
Speaker 1: people in the space. I mean, I'm talking the builders,
Speaker 1: the doers, the investors. I'm talking the smartest people in
Speaker 1: the space. And I talked to him on a regular basis.
Speaker 1: They're my friends. We chat on the phone. I had
Speaker 1: dinner with him, a couple of them last night. I
Speaker 1: have an edge. I have information that most people don't have.
Speaker 1: But guess what, you can have that edge too. You
Speaker 1: can hang out with me each end every week right
Speaker 1: here on this radio show, and I'm gonna tell you
Speaker 1: what the smartest people in the space, my friends are
Speaker 1: telling me the conversation that we're having, and so my
Speaker 1: edge is your edge. As long as you stay with me,
Speaker 1: it's gonna be the most profitable time of your week.
Speaker 1: So pull ut your phone, put a reminder is at
Speaker 1: this time, this date, this channel the station on your phone,
Speaker 1: and do not miss it because it's gonna be that big.
Speaker 1: Now we're talking about bitcoin, we're talking about cryptocurrencies in
Speaker 1: this decentralized revolution and and the wealth transfer that's happening.
Speaker 1: And you know, I like to talk about why it's
Speaker 1: important because you need to understand how big it can
Speaker 1: be and when it can get there, like what are
Speaker 1: the markets that's disrupting, how much value can it pull?
Speaker 1: How much can it change our life? Um? And that
Speaker 1: helps us set like this target of where it can go,
Speaker 1: and then we want to pay attention to that target
Speaker 1: to make sure that it's still in play, right, it's
Speaker 1: still in progress. And so that's what we do each week.
Speaker 1: You know, I'm going to continue to let you know
Speaker 1: why it's so big. You know, how big it can be, UM,
Speaker 1: the industries that can disrupt, all those all those super
Speaker 1: fun things. And then each and every week we want
Speaker 1: to pay attention to those things to make sure that
Speaker 1: it is still on track. UM. And so we're doing
Speaker 1: that now. UM as far as the price goes, you know,
Speaker 1: we're gonna talk about the price. We this is the
Speaker 1: first show of the month of November, and the bitcoin price,
Speaker 1: which of course leads the entire cryptocurrency space, closed at
Speaker 1: an all time high last month and November the highest
Speaker 1: point it's ever crossed. And so that is a very
Speaker 1: bullish sign on the market. You know. And bitcoin is
Speaker 1: now over a trillion dollar it's about I think one
Speaker 1: point one one point one five trillion dollar market cap.
Speaker 1: As a matter of fact, it's you know, one point
Speaker 1: one five and uh, it's massive, it's massive. It's it's
Speaker 1: it's a legitimate asset. The entire cryptocurrency market cap is
Speaker 1: up to about uh two point six trillion dollars, which
Speaker 1: is again massive, It's it's a it's legit, right, it's
Speaker 1: legit now. And I was saying before, uh, you know,
Speaker 1: I've been looking at and thinking about the price, and um,
Speaker 1: you know, I like to say that the price is
Speaker 1: a little bit of a distraction. But I like to
Speaker 1: say that the price, while it's a distraction, while while
Speaker 1: I do not believe that it's something that you should
Speaker 1: be focused on, and I'll explain to you why. What
Speaker 1: I do think though, is that bitcoin and cryptocurrencies, and
Speaker 1: bitcoin specifically is a bait and switch. I have a
Speaker 1: have a tweet that went viral saying that kind of
Speaker 1: same thing. It's on my email newsletter. The bitcoin is
Speaker 1: a bait and switch. It sucks people in on the price,
Speaker 1: hoping to get rich, hoping to make a bunch of money,
Speaker 1: and then it switches them into realizing that bitcoin is
Speaker 1: the greatest invention, the greatest innovation, the greatest technological revolution
Speaker 1: that will ever see that will literally change the way
Speaker 1: humanity works for the better, for the better. Um, throughout history,
Speaker 1: as far back as you go, it's just a cycle
Speaker 1: of of oppression, revolution and freedom and then oppression, revolution, freedom.
Speaker 1: It just repeats over and over and over and um.
Speaker 1: You know, man, humans want to take control over systems
Speaker 1: and manipulate them, and it creates distortions in the market,
Speaker 1: and we print all kinds of money and then people
Speaker 1: get enslaved. Um. Maybe if you don't want to use
Speaker 1: that word today, just think about you know, oppressed, Think
Speaker 1: about all the people whose businesses got forced to shut
Speaker 1: down and people that can't go to work today. You know,
Speaker 1: um that that type of oppression it's created. You know,
Speaker 1: supply chain backups that how have today, you know, prices
Speaker 1: shooting through the moon. Of course, you know the people
Speaker 1: that be in power, the leaders that be today gaslighting
Speaker 1: you saying it's you're not really seen inflation. Uh, it's
Speaker 1: not really a problem. Um, and it's it's it's all
Speaker 1: gonna go away. Well, if you go fill up your
Speaker 1: car with gas, or you go buy some food at
Speaker 1: the grocery store, you realize that prices are going higher
Speaker 1: and it is a problem. And so bitcoin can fix that.
Speaker 1: Bitcoin can fix the entire incentive structure to the entire world,
Speaker 1: making it a much more peaceful, much more friendly place.
Speaker 1: And so it's that big. It's gonna change many and
Speaker 1: so um, that's what we're focused on. But again, the
Speaker 1: price is that bait and switch baits you in with
Speaker 1: the price switch it to the greatest tool for human
Speaker 1: freedom and flourishment that the world has ever seen. But
Speaker 1: going back to the price for a minute. Um again,
Speaker 1: because it's the bait, going back to the price for
Speaker 1: a minute. Like I said, we closed the month at
Speaker 1: at all time high, and the network continues to go
Speaker 1: higher and higher and higher. Now I think it was
Speaker 1: twenty seventeen, the biggest bank right, the most powerful bank
Speaker 1: in the United States. I'm talking about JP Morgan. Chase
Speaker 1: Um and Jamie Diamond is the president of the bank,
Speaker 1: the CEO of of JP Morgan. In seen, he said
Speaker 1: that bitcoin is a scam, it's a fraud, and he
Speaker 1: would never, ever, ever, ever think about buying bitcoin. As
Speaker 1: a matter of fact, he went on to say some
Speaker 1: harsh things, even harsher than that, and went on to
Speaker 1: say that if anybody from JP Morgan even traded bitcoin,
Speaker 1: he would fire them. What. That's pretty harsh, right, That's
Speaker 1: it's super harsh. That's what he said. Um. It makes
Speaker 1: me think of this quote. I think it was gone
Speaker 1: to who said, you know what, at first ignore you,
Speaker 1: then they laugh at you, then they fight you, and
Speaker 1: then they joined you. And that's kind of what we've
Speaker 1: seen with JP Morgan, Like I said, probably the most
Speaker 1: influential bank in the United States. Um will fire anybody
Speaker 1: if they even trade bitcoin. That's what he said. Um,
Speaker 1: but that was my my My things have changed. As
Speaker 1: a matter of fact. JP Morgan just put out some
Speaker 1: new guidance this week of where they think bitcoin could
Speaker 1: go and why it could go there and how fast
Speaker 1: it could go. And you will not believe the price
Speaker 1: that they have pegged onto bitcoin and again, um, why
Speaker 1: they think it can get there, How they can get
Speaker 1: get there? Um. And so we went from JP Morgan
Speaker 1: saying I'll fire anybody who buys it, and now JP
Speaker 1: Morgan is advising their clients, I'm gonna tell you where
Speaker 1: that price is going to go when we get back.
Speaker 1: You're listening to the Mark mass Show. I'm talking about bitcoin,
Speaker 1: I'm talking about cryptocurrencies. I'm talking about the decentralized Revolution,
Speaker 1: and I will be right back. All right, welcome back.
Speaker 1: You are listening to the Mark ma Show, and we're
Speaker 1: talking about bitcoin and cryptocurrencies and the decentralized revolution, bringing
Speaker 1: you the latest information each and every week so you
Speaker 1: can profit from the greatest opportunity that you'll ever see
Speaker 1: in your lifetime multiple generations. Now, before we went on
Speaker 1: the last break, if you were still with me, we
Speaker 1: were talking about how the price is a distraction when
Speaker 1: you're investing in new technology. The prices distraction, however, it's
Speaker 1: a bait and switch. It baits us in on the
Speaker 1: price of hopes of making a bunch of money and
Speaker 1: having all our dreams come true and being able to
Speaker 1: buy all those things that we want, and then it
Speaker 1: switches us into the greatest tool for human freedom and peace, uh,
Speaker 1: that we've ever seen. Um. But you know, because the
Speaker 1: prices the bait, We're going to talk about that. And
Speaker 1: I was saying that JP Morgan chased the largest most
Speaker 1: influential bank in the United States, and the CEO, Jimmy
Speaker 1: diamond back In said that bitcoin is such a scam
Speaker 1: that he would never buy it, he would never do
Speaker 1: anything with it, and even if anybody in JP Morgan
Speaker 1: were to trade it, he would fire them, which was
Speaker 1: a pretty extreme, but that's what he said. Um, and my, my, my,
Speaker 1: have they changed their minds? They have changed their minds.
Speaker 1: And of course they have because the bitcoin network has
Speaker 1: continue to grow and it's continued to take over more
Speaker 1: and more market share. And as I said before I
Speaker 1: went on the break, I think it was gone to
Speaker 1: who said that. First they ignore you, so you know
Speaker 1: bitcoin from nine two thousand, two thousand eleven, nobody pay attention.
Speaker 1: Then they laugh at you, you know two thousand ah
Speaker 1: ha ha ha. These people think they can create their
Speaker 1: own money. That's so funny. Um. Then they then they
Speaker 1: fight you, right, So then we have two seventeen two eighteen. Uh,
Speaker 1: they fight it. Jimmy Diamond says, we'll fire anybody who
Speaker 1: does anything with it, fight it, and then finally they
Speaker 1: join you. And that's where we are today two. Everybody
Speaker 1: is joining bitcoin and force. We like to say in
Speaker 1: the space that everybody will buy at the price they deserve.
Speaker 1: Just think about that for a man, and just marinate
Speaker 1: on that for a minute. Everyone will buy at the
Speaker 1: price they deserve. And that just means that eventually everybody
Speaker 1: is going to be forced to capitulate. Eventually everybody is
Speaker 1: going to be forced to buy. And uh, you know,
Speaker 1: your life is made up of the choices that you make.
Speaker 1: That's what That's what makes up your life. And you
Speaker 1: have the choice. You can buy now at this price,
Speaker 1: or you could listen to the people like Jamie Diamond
Speaker 1: who changed their mind and not buy and then you
Speaker 1: just buy later at the price you deserve. And that
Speaker 1: might be uh, when it's ten x from here and
Speaker 1: you get to decide. But of course Jamie Diamond, JP
Speaker 1: Morgan Chase has changed their mind on that, and they
Speaker 1: don't want to buy at a higher price. They want
Speaker 1: to buy the price they deserve. What they think is now,
Speaker 1: and so they've renewed their target. And just this week
Speaker 1: JP Morgan came out UM and they came out with
Speaker 1: a price target of a hundred and forty six thousand
Speaker 1: dollars for bitcoin. Now, a lot of people ask me
Speaker 1: all the time, you know, Um, should I buy bitcoin?
Speaker 1: Is it expense? Is it too expensive? Should I wait
Speaker 1: for a dip? Should I wait? Right? The thing is
Speaker 1: is that is it too expensive? Well? Too expensive relative
Speaker 1: to what? Is it too expensive? Is bitcoin expensive RelA
Speaker 1: to when it was ten cents? Well, heck, yeah, of
Speaker 1: course it is. That's sixty now. Of course it's expensive.
Speaker 1: But is it expensive compared to where it could be
Speaker 1: in the future. So if bitcoin could be a hundred
Speaker 1: and fifty thousand dollars, is it is it expensive or cheap?
Speaker 1: We'll shoot. If I can buy an acid for fifty thousand,
Speaker 1: that's gonna be worth a hundred fifty I'll do that
Speaker 1: all day long. So it's cheap, right, And so JPMorgan
Speaker 1: this week they said that they have renewed their price
Speaker 1: target for bitcoin a hundred forty six thousand dollars and
Speaker 1: they say that UM the bank says bitcoin is increasingly
Speaker 1: looking like a digital alternative to gold in the eyes
Speaker 1: of investors. It went on to say that it said
Speaker 1: cryptos are quote an emerging asset class on a multi
Speaker 1: year structural up trend. And so, um wow, that that
Speaker 1: really went from a fighting fighting us to join us
Speaker 1: pretty quickly, didn't it. Um. And so they said that, um,
Speaker 1: you know, they think that coin surges to a hundred
Speaker 1: forty six thousand dollars. That's about a hundred and thirty
Speaker 1: or more. It's about a hundred and don't almost a
Speaker 1: hundred and fifty percent above today's price. Now, what is
Speaker 1: a hundred and fifty percent? Well, let's just put this
Speaker 1: into perspective. Now we're at this weird point in time
Speaker 1: where everybody's out there gambling today. Um, you know, I've
Speaker 1: been helping investors for decades, and uh, you know, I've
Speaker 1: just never seen people coming into the space with these
Speaker 1: expectations they have today. Um, I see people coming in
Speaker 1: and if I can't make ten times my money this year,
Speaker 1: and I'm like, what make ten times your money this year?
Speaker 1: But that's kind of the expectations of some people to have.
Speaker 1: But um, per JP Morgan, they said that the price
Speaker 1: of bitcoin could go up a hundred and fifty percent. Now,
Speaker 1: so let me put this into perspective for you. Traditionally, people,
Speaker 1: if you go to your financial advisor, you know, you
Speaker 1: go to your child Schwab advisor or whatever you go to, Well,
Speaker 1: they're going to tell you to do a sixty already split,
Speaker 1: put sixty into stocks and put into bonds, and just
Speaker 1: stay in the market. Over the long run, you're gonna
Speaker 1: make a lot of money. It's not timing the market.
Speaker 1: It's time in the market. Well, the market time, time
Speaker 1: in the market. If you've been in the SMP five,
Speaker 1: the biggest stock market in the United States, um, you
Speaker 1: would have average depending on what time frame you're looking at,
Speaker 1: sixty years, eighty years, you would have looked at somewhere
Speaker 1: between a six to eight percent return. Six to eight percent.
Speaker 1: Now that's not bad, that's not bad. You know, every
Speaker 1: seven eight years you double your money. I mean you
Speaker 1: do that, you know, you double it for years in
Speaker 1: a row. You end up with a pretty good nest eig.
Speaker 1: And that's why it's about timing, you know, getting in
Speaker 1: the market now, allowing that power of compounding to grow.
Speaker 1: But that's six percent or eight percent to ap Morgan saying,
Speaker 1: you could make a hundred and fifty percent, So fifties
Speaker 1: is better than six or eight percent. And so guess
Speaker 1: what happens. A lot of people are going to take that,
Speaker 1: and then it becomes like the self fulfilling prophecy. So
Speaker 1: the more people that jump in, the faster it goes up,
Speaker 1: then it drags more people, and the faster it goes up,
Speaker 1: and on and on and on. Now, JP morgan Um
Speaker 1: says that they think one of probably the hundred or
Speaker 1: so reasons why it can go up is two things. One,
Speaker 1: they said that it's it's a scarce product. It's a
Speaker 1: scarce product, so it's it's scarcity, right, so value is
Speaker 1: really given to things that are scarce. Economics are driven
Speaker 1: by supply and demand. The more demand there is but
Speaker 1: less supply, that creates scarcity. More people want something that
Speaker 1: there is something available, and naturally, of course it drives
Speaker 1: the price up. Um, the more supply there is and
Speaker 1: the less demand, then the price goes down. Right, It's
Speaker 1: it's it's pretty basic. Now, your um, your leaders, your
Speaker 1: financial leaders, your economists, the Federal Reserve. They don't want
Speaker 1: you to understand that. They wanted to be some crazy
Speaker 1: complicated uh, you know thing in the head that you
Speaker 1: have to know the velocity of money, and you have
Speaker 1: to know all these things. Um. But now it's just
Speaker 1: applying to man. The more people that want something and
Speaker 1: the less there is of it, the price goes up.
Speaker 1: And that's why, um. The Fiat money system, the system
Speaker 1: that the central banks do use, which is they print
Speaker 1: an unlimited amount of money. UM, then that's why there's
Speaker 1: no value there. That's why it continues to lose value. Again,
Speaker 1: back to scarcity. So JP Morgan says, it's a scarce product,
Speaker 1: but there's something that they are comparing it to. As
Speaker 1: a matter of fact, it's the uh such the largest
Speaker 1: asset class, but it's one of the oldest asset class
Speaker 1: in the world. They say that it compares to I
Speaker 1: want to tell you about that because if you understand
Speaker 1: that market that JP Morgan says is uh is a
Speaker 1: good analog to bitcoin, then you'll really understand what the
Speaker 1: value is and where it's going. So I want to
Speaker 1: tell you what that is and how we can draw
Speaker 1: a comparison to that. But the way you're listening to
Speaker 1: the Mark Moa show, we're talking about bitcoin, we're talking
Speaker 1: about cryptocurrencies, and the decentralized Revolution, helping you navigate the
Speaker 1: greatest wealth transfer you will ever see. The Mark Ma Show,
Speaker 1: and I will be right back, all right, welcome back.
Speaker 1: You are listening to the Markma Show talking about bitcoin
Speaker 1: and cryptocurrencies and the decentralized Revolution. I'm here each and
Speaker 1: every week giving you the information that you need so
Speaker 1: you can stay in this thing. You can stay in
Speaker 1: this thing now. Um, you know what when I say
Speaker 1: stay in this thing, what do I mean by that? Well,
Speaker 1: you know, if you if you bought bitcoin in two
Speaker 1: thousand and ten when it was ten cents um, you
Speaker 1: probably would have sold it a dollar. That would have
Speaker 1: been the best trade of your life. Or you would
Speaker 1: have sold it ten dollars. You would have sold it
Speaker 1: a hunt it dollar. Right, at some point you would
Speaker 1: have sold The only way that you would have been
Speaker 1: able to really really get rich is to stay in it.
Speaker 1: But of course it's hard because the price goes up
Speaker 1: and down, and you hear all these different things, and
Speaker 1: so you have to stay up on news and stay
Speaker 1: up on the development in order to stay in it.
Speaker 1: Otherwise you get shaken out of your position. You don't
Speaker 1: want to get shaken any position. Early, and so that's
Speaker 1: what we're talking about now. I was talking about how
Speaker 1: the prices distraction. It's a bait and switch. You get
Speaker 1: sucked it in the price, then you realize it's the
Speaker 1: life changing technology. But I was specifically, I was talking
Speaker 1: about JP Morgan and one of the most influential, biggest banks,
Speaker 1: oldest banks in the United States, and JP Jamie Diamond
Speaker 1: had said that back in seen that it was a fraud,
Speaker 1: it was a scam and if anybody at JP Morgan
Speaker 1: was traded and he would fire them pretty harsh words. Um,
Speaker 1: that was fighting part. And now they have decided to
Speaker 1: join us. And now JP Morgan this week came out
Speaker 1: with guidance said that they think bitcoin sprice could get
Speaker 1: to a hundred and forty six thousand dollars. And what
Speaker 1: they said is that because of its scarcity. We're talking
Speaker 1: about the scarcity before the break. But they said that, um,
Speaker 1: they think it's tracking like gold. It looks like gold,
Speaker 1: and um they said it's acting more like a digital
Speaker 1: gold than ever. So what happens is whenever there's a
Speaker 1: new technology as humans, because as humans, we can't envision
Speaker 1: the future. All humans can do is imagine a better
Speaker 1: version of what we have today. So we have cars,
Speaker 1: will have flying cars. Right, we can't imagine things in
Speaker 1: the future because we don't have those those things that
Speaker 1: this building blocks. And so what we do to try
Speaker 1: to understand something new like this a new technology is
Speaker 1: we try to um, we try to compare it to
Speaker 1: something we know. That's all we can do. So UM.
Speaker 1: When electricity came out, it's kind of like a digital candle. Right,
Speaker 1: It's a way that I can have light, but I
Speaker 1: don't need a fire to do it. Well, it was
Speaker 1: that it was sure the electricity was a digital candle,
Speaker 1: but why do we need that? I mean, candles have
Speaker 1: been great for five thousand years for light. Candles are
Speaker 1: even better because it's portable. I can carry a candle
Speaker 1: around and I can replace it and I don't need
Speaker 1: all these stupid wires and on and on and on. Right, um,
Speaker 1: and electricity was a digital candle, but of course today
Speaker 1: it's so much more. And um. Gold has also been
Speaker 1: money for five thousand years, and gold has been great,
Speaker 1: um because of many reasons. The money has to have
Speaker 1: characteristics to make it good money, and needs to be portable, divisible, durable, things, acceptable, salable, etcetera. UM,
Speaker 1: and and uh, so it's it's been good money for
Speaker 1: five thousand years, but it's not really that good of
Speaker 1: money today. As a matter of fact, it's not even
Speaker 1: money today because it hasn't adapted. So, um, you're listening
Speaker 1: to me over the internet or over the radio, and
Speaker 1: I can't send you gold over the internet, right, there's
Speaker 1: a problem with that. Um. And So while it's been
Speaker 1: a good way to store wealth throughout the ages, and
Speaker 1: part of partly because it's scarcity, um, it just it
Speaker 1: hasn't kept up with the Internet age. And so um today,
Speaker 1: over the last year or two, we've really seen most
Speaker 1: investors are moving into bitcoin and not into gold. And
Speaker 1: so um, that's exactly what JP Mo're gonna saying here.
Speaker 1: And they said, the bank says bitcoin has increase even
Speaker 1: looking like a digital alternative to gold in the eyes
Speaker 1: of investors, right, and so that's what they're saying. Investors
Speaker 1: are turning to gold. Um, it says, uh, they're preferring
Speaker 1: to hold gold in their portfolios. Um. JP Morgan thinks bitcoin,
Speaker 1: which is a scarce product, is is competing with gold
Speaker 1: for investors attention as a hedge against inflation and that's
Speaker 1: something that will rise even as inflation eats away at
Speaker 1: the value of other assets. So we have inflation, massive inflation.
Speaker 1: Prices are going up all over the place and in
Speaker 1: a crazy fashion. Obviously, inflation hits each of us differently
Speaker 1: depends on what you're buying, what your goods and baskets are.
Speaker 1: But you know, gasoline is up fifty this year, stakes
Speaker 1: up what this year? A new new homes or homes
Speaker 1: or up this year. US use cars are up thirty
Speaker 1: five percent this year. What that means that's inflation. Prices
Speaker 1: are going up. And what that means is not that
Speaker 1: just prices are going up, but your dollars are buying
Speaker 1: less and less and less, and so we need a
Speaker 1: hedge against that. Um My dollars are losing purchasing power
Speaker 1: so fast. I need to hedge that. I need to say,
Speaker 1: I need to guard myself against that. So I have
Speaker 1: to put my dollars into another asset. That could be
Speaker 1: the stock mark, it could be real estate, could be gold,
Speaker 1: um or now it's bitcoin, and so we need to
Speaker 1: hedge against that, we protect that. And they're saying that
Speaker 1: investors are more and more and more turning to bitcoin
Speaker 1: instead of going back to gold. Um. They said that
Speaker 1: this quote the re emergence of inflation concerns among investors
Speaker 1: appears to have renewed interest in the usage of bitcoin
Speaker 1: as an inflation hedge end quote another quote, Bitcoin's allure
Speaker 1: as an inflation hedge has perhaps been strengthened by the
Speaker 1: failure of gold to respond in recent weeks to heighten
Speaker 1: concerns over inflation and quote so um. What they're saying
Speaker 1: is that gold has been the best hedge, the best
Speaker 1: way to secure your wealth against inflation. Um, and now
Speaker 1: it's not working. Inflation is running at a thirteen year high.
Speaker 1: As a matter of fact, it's higher than that. We're
Speaker 1: seeing levels of inflation prices increasing that we haven't seen
Speaker 1: since the seventies. So um, not just thirteen years, and
Speaker 1: it's decades. I mean, prices are going up so fast.
Speaker 1: And your leaders, uh you know, Biden and men, they
Speaker 1: want to tell you that it's transitory, it's going away,
Speaker 1: it's temporary, don't worry about it, right Like, Uh, it's uh,
Speaker 1: it's because supply chains are breaking down, and once supply
Speaker 1: chains get going again, then then prices will get back
Speaker 1: to normal. No, that's not that's not the truth. One
Speaker 1: of my favorite economists, Milton Friedman, said that inflation is
Speaker 1: always and everywhere a monetary phenomenon. It can only be
Speaker 1: created by money printing. That's it. So when you think
Speaker 1: of the money supply like a balloon, um as I
Speaker 1: fill up the phillip the money supplies, I filed the balloon.
Speaker 1: It inflates. It caused inflation. I increased the money supply.
Speaker 1: And what happens, is what everybody hopes happens, is that
Speaker 1: if we print a bunch of money and give it
Speaker 1: to everybody, we send out stemmy checks to everybody, then
Speaker 1: everybody's rich. Right, But no, money isn't Money is not wealth.
Speaker 1: Wealth is goods and services. If I have a bunch
Speaker 1: of money. If I'm stuck on a deserted island, and
Speaker 1: I got a billion dollars in a briefcase, but I
Speaker 1: got no boat, no phone to call for help, I
Speaker 1: got no food, I'm not rich. That billion dollars does
Speaker 1: me no good, right, I have no goods and services
Speaker 1: to buy with that. And so if we magically out
Speaker 1: of magic wand and overnight I put a trillion dollars
Speaker 1: into every single person in the United States bank account,
Speaker 1: you woke up in the morning and everyone had a
Speaker 1: trillion dollars in the main account. Oh my gosh, we're
Speaker 1: all rich. We're not. Really. All we did was increase
Speaker 1: the money supply. Now we have more money chasing the
Speaker 1: same amount of goods and services. We didn't increase the
Speaker 1: goods and services. And when we have more money chasing
Speaker 1: the same amount of goods and services, guess what happens.
Speaker 1: Prices go up. So you're even though the money in
Speaker 1: your account went up, you can't buy any more goods
Speaker 1: and services, so you're not getting more wealthy, basically what
Speaker 1: we're talking about, and so we need to protect uh
Speaker 1: the purchasing power what we can buy with it, and
Speaker 1: be back to what Milton Freeman said, it's always a
Speaker 1: monetary phenomenon because when they increase the money supply, prices
Speaker 1: go up. That's why it's always a monetary phenomenon. So
Speaker 1: don't believe them when they tell you it's supplies James
Speaker 1: going back to normal. No, when they stop printing money, maybe,
Speaker 1: but they can't and they won't, and inflation is going
Speaker 1: to continue getting worse and worse and worse, which is
Speaker 1: why you need to be more and more concerned with
Speaker 1: having an inflation hedge, which, as JP Morgan says, gold
Speaker 1: has lost that. Um it's failed to respond to inflation,
Speaker 1: and that's why people are running to bitcoin. So anyway, UM,
Speaker 1: gold is about a thirteen trillion dollar market cap. Bitcoin
Speaker 1: is about a one trillion dollar market cap. JP Morgan
Speaker 1: and City Bank both say that Bitcoin could overtake gold again.
Speaker 1: It's a thirteen choining market, which means bitcoin could go
Speaker 1: up thirteen times from here. Wow, it's pretty amazing. But
Speaker 1: that's not all. There's even bigger price targets and that
Speaker 1: I want to tell you what those are, um, because
Speaker 1: you might not believe it, but I'm gonna break it
Speaker 1: down for you so you understand where we're going and
Speaker 1: again and give you the information you need so you
Speaker 1: can hold through these markets, hold on with those strong hands.
Speaker 1: By the way, you are listening to the Mark Mass Show,
Speaker 1: I'm bringing you the latest information on bitcoin, cryptocurrencies and
Speaker 1: this decentralized revolution, so you have the asymmetric information. That's
Speaker 1: information most people don't have, so you can take advantage
Speaker 1: of this asymmetric opportunity. What I believe in my I
Speaker 1: don't know. Shoot, I'm old now twenty years, twenty five
Speaker 1: years of full time investing experience. I've never seen an
Speaker 1: opportunity like this ever. Um, let me listen to Mark
Speaker 1: Ma Show and I'm gonna be right back. All right,
Speaker 1: welcome back. You are listening to the Markma Show. And
Speaker 1: we're talking about bitcoin, talking about the cryptocurrency boom. We're
Speaker 1: talking about this decentralized revolution that's changing the world right
Speaker 1: before our very very eyes. And I spent a lot
Speaker 1: of time before the break talking about the price. Um,
Speaker 1: it's a distraction, but it's still important. It's a it's
Speaker 1: a bait and switch. We were all interested in the price. Um.
Speaker 1: But but maybe we shouldn't be so interested in the
Speaker 1: price in the way that we think. Um. You know,
Speaker 1: we can see other currencies around the world just blowing
Speaker 1: up meaning uh, meaning just becoming worthless right before our
Speaker 1: very eyes. It's happening all over the world as I'm
Speaker 1: talking to you at this very moment. Uh. There's I
Speaker 1: think half a dozen countries that are seeing double digit inflation.
Speaker 1: Lebanon seeing their current and entire currency collapse in just
Speaker 1: a few months. Of course, Venezuela, the currency, you don't
Speaker 1: even pick it up off the ground anymore, and so, um,
Speaker 1: you know what a hundred dollars used to be a
Speaker 1: lot of money, and then there was a thousand and
Speaker 1: a million, and then a billion, and next you know,
Speaker 1: trillion dollars doesn't even buy what a what a hundred
Speaker 1: dollars used to buy. And so it's not it's not
Speaker 1: really about making money. You know. One thing that's important
Speaker 1: to understand is that if well, I don't want to
Speaker 1: say if I should say when when bitcoin gets to,
Speaker 1: you know, a million dollars per bitcoin. Unfortunately, a million
Speaker 1: dollars just won't buy you that much stuff anymore. And so, um,
Speaker 1: what you need to do is start kind of getting
Speaker 1: the idea of thinking of everything in dollars terms out
Speaker 1: of your head and start thinking about things in terms
Speaker 1: of purchasing parkers at the end of the day. Um,
Speaker 1: if you're with me, before the break, I was talking
Speaker 1: about how money is not it's not wealth. Money buys
Speaker 1: us goods and services. Goods and services of wealth, not
Speaker 1: the money. The money is just a tool to to
Speaker 1: acquire those things. And so when you just price things
Speaker 1: in dollars, uh, you're not really seeing the whole picture.
Speaker 1: What you're trying to see is how much goods and
Speaker 1: services can I buy? And so that's that's really the thing.
Speaker 1: And so um I was talking about before the break.
Speaker 1: JP Morgan says that bitcoin could overtake gold, and they
Speaker 1: think you could get to a hundred hundred forty six
Speaker 1: thousand dollars here in the short term. That's a hundred
Speaker 1: increase from here today. If it overtakes gold, golds about
Speaker 1: a thirteen shillion dollar market cap, it's about a thirteen
Speaker 1: x from where we are today, which is amazing. Um,
Speaker 1: we could even go up higher than that. Um, what
Speaker 1: we've seen I was, I was kind of referencing this
Speaker 1: Gandhi quote. First they ignore you, then they laugh at you,
Speaker 1: then they fight you, then they join you. And we've
Speaker 1: gone through all those stages with bitcoin. It was ignored,
Speaker 1: it was laughed at, it was it was fought, and
Speaker 1: now it's being accepted. And so um, what we can
Speaker 1: see is JP Morgan obviously is accepting it. We're seeing
Speaker 1: at the point now we're seeing, you know, obviously the
Speaker 1: people have accepted it, the banks have accepted it, and
Speaker 1: now we're seeing fortune companies accepted as their reserve like
Speaker 1: micro strategy. And now we're seeing countries, um accepted, like
Speaker 1: El Salvador. And so we're at that point where it's
Speaker 1: just blowing up. And I know, you know, one of
Speaker 1: the biggest objections to this is that, ah, the governments
Speaker 1: are just gonna make it illegal. They're just gonna make
Speaker 1: it illegal. Well, there's a few things that I would
Speaker 1: say to that. One I would say is that that
Speaker 1: sounds like when I hear that, all I hear is
Speaker 1: man man mah, I just hear sheep talking. The people
Speaker 1: run the government are supposed to the government is therefore
Speaker 1: the people. Now, it's not being run like that today,
Speaker 1: but that's what it's supposed to be. And I can
Speaker 1: tell you one thing. If a billion people do not
Speaker 1: want bitcoin to be illegal, then it will not be
Speaker 1: illegal period. So anyone who's just like the government's just
Speaker 1: gonna take it away from us, Um, you're just you're
Speaker 1: already a victim, and uh, maybe bitcoin is not right
Speaker 1: for you. You're gonna buy it later when when when
Speaker 1: when the price is hire? But um, in more seriousness,
Speaker 1: well that is kind of serious. But um, you know
Speaker 1: I've gone on many times talking about why it won't
Speaker 1: be made illegal, why they can't make it illegal. I
Speaker 1: think there's there's several reasons. If you've been with me
Speaker 1: every week, I'm not gonna dive super into this deep
Speaker 1: this week. But we had the first bitcoin et F
Speaker 1: become approved, and so I think that was like, I mean,
Speaker 1: if you still think it's gonna become illegal after that,
Speaker 1: I mean, you just don't understand how the fun antial
Speaker 1: markets in and the government work together. I think that
Speaker 1: was basically sealed the deal. It's not going to be
Speaker 1: made illegal right now. Approximately about fifty million Americans own
Speaker 1: bitcoin at this point, um, which is a big number.
Speaker 1: And I said, you know, a billion people don't want
Speaker 1: bitcoin to be illegal, but a fifty million people don't
Speaker 1: want that to be illegal in the United States. I mean,
Speaker 1: it's not going to be illegal. We have three thirty
Speaker 1: million people, so I mean that's a big chunk of
Speaker 1: the population that own it. But more than that, um,
Speaker 1: is that we've reached this level of entrenchment in politics,
Speaker 1: and so you know, unfortunately, I'm not a big fan
Speaker 1: of the political system that we have today, or the
Speaker 1: or the financial system for that matter. You know, a
Speaker 1: lot of people think that we have we're in a
Speaker 1: capitalist capitalism, capitalist society. Capitalism has failed us. Capitalism is dangerous,
Speaker 1: Capitalism is slavery. Blah blah blah blah blah. Well, we
Speaker 1: don't have a capitalist society. We don't have a capitalist
Speaker 1: system at all. Um. Capitalism means that I have the
Speaker 1: freedom to acquire capital and direct it as I see fit.
Speaker 1: UM in a free market, a free exchange and in
Speaker 1: a free market, UM, we can choose to do business
Speaker 1: together or not. If if I'm if I own a
Speaker 1: business and I want to hire you for four dollars
Speaker 1: an hour, you have the right to either work for
Speaker 1: four dollars an hour or not. I'm not forcing you,
Speaker 1: And if you don't take it, neither of us or
Speaker 1: any worse off. Now, of course, I'll never find anybody
Speaker 1: to work for four bucks an hour, and so I
Speaker 1: have to pay more. And so that's kind of how
Speaker 1: it works. It's like this free exchange UM. In in
Speaker 1: that type of environment, In a free market environment, both
Speaker 1: people think that they are getting the upper hand and
Speaker 1: a deal. If I'm trading you one asset for another,
Speaker 1: both of us have to think we're getting the better deal.
Speaker 1: Otherwise the deal wouldn't happen because it's free. We don't
Speaker 1: have that type of business, Tom, we have a crony system.
Speaker 1: We have a system where the government and big business
Speaker 1: work together and put past laws and create regulations that
Speaker 1: entrench their positions and get unfair advantages and unfair um,
Speaker 1: you know, unfair competition over the people, and the government
Speaker 1: forces things. Instead of being a win win we have
Speaker 1: women forces things. Instead of being a win win, we
Speaker 1: have a win loose scenario. Um. But it is what
Speaker 1: it is, and that's where rats worked together. You understand
Speaker 1: that big businesses lobby the government. They spend a lot
Speaker 1: of money to get politicians to vote the way they
Speaker 1: want them to vote. As a matter of fact, most
Speaker 1: of the bills that get put forth aren't written by
Speaker 1: the actual politicians. They're written by the lobby groups. And
Speaker 1: if you understand that, um, one of the biggest lobby
Speaker 1: groups is the financial industry, Wall Street, etcetera. UM, And
Speaker 1: then you understand that Wall Street, uh, as we just
Speaker 1: talked about JP Morgan is in on bitcoin. They've they've
Speaker 1: spent billions and billions of dollars to bring bitcoin services in.
Speaker 1: So so the banks and the Wall Street are in
Speaker 1: on bitcoin. They spent billions of dollars to get into bitcoin.
Speaker 1: The financial industry lobbies the government. The lobbyists write the
Speaker 1: bills and give them to the governor's a sponsor. So
Speaker 1: how would the government make it illegal when when they're
Speaker 1: being lollied by the financial institutions and the fincances don't
Speaker 1: want it to be illegal. He's starting to get the point, right. Uh.
Speaker 1: So the financial institution would just lose so much money,
Speaker 1: The fifty million Americans would lose all their well, you know,
Speaker 1: the wealth they put into it. They're gonna stand up
Speaker 1: and fight, and so I just don't see that happening.
Speaker 1: And even more than that, back to kind of the
Speaker 1: point that I was going to make, is that we've
Speaker 1: also reached a level of entrenchment with the lawmakers themselves.
Speaker 1: And so we're at a point today where we see uh,
Speaker 1: dozens and dozens of congress people, congressmen women, uh and
Speaker 1: senators that are bitcoiners that own bitcoin. As a matter
Speaker 1: of fact, the head of the SEC, Gary Ginsler, taught
Speaker 1: bitcoin classes at m I. T Patrick McHenry, Republican head
Speaker 1: of the Financial Service Committee. There's a bitcoiner, um and um,
Speaker 1: we have another bitcoin freedom fighter, Cynthia Loomis, who's also
Speaker 1: a big time bitcoiner she's a Republican senator from Wyoming.
Speaker 1: She's a rancher, and she's a bitcoin hoddler. She's a
Speaker 1: hoddler stands on for like holding on for dear life.
Speaker 1: And so she's fighting for uh, for the right, you know,
Speaker 1: to have bitcoin. But not just that. She wants um
Speaker 1: her state of Wyoming to benefit from bitcoin. And it's
Speaker 1: not just her. Texas is on board with this, uh,
Speaker 1: Florida's on board with this, and it's taking off, and
Speaker 1: so we have reached a level of entrenchment. UM. I
Speaker 1: just don't see how you put that genie back in
Speaker 1: the bottle. Um. Anyone who thinks that it's being is
Speaker 1: going to be made illegal is missing the point. And so,
Speaker 1: you know, to kind of wrap this up, I would
Speaker 1: just say that, you know, back in when I started
Speaker 1: buying bitcoin, of still still dangerous, it's still risky, but
Speaker 1: today the biggest risk of it being made illegal is
Speaker 1: it's probable, but it's it's it's hardly probable. The chance
Speaker 1: of it's very slim. You're at the point in time
Speaker 1: where you have almost no risk and you still have
Speaker 1: an easy ten x upside ahead of you. The greatest,
Speaker 1: greatest asymmetric trade I've ever seen in my entire career.
Speaker 1: I think that we'll ever stay in our life, and
Speaker 1: that's what I'm just trying to help you understand each
Speaker 1: and every week at at a deeper level and more
Speaker 1: importantly stay into that. Of course you're listening to The
Speaker 1: Mark Mass Show. If you didn't already know, well, I'm just,
Speaker 1: you know, trying to help you navigate bitcoin and cryptocurrencies
Speaker 1: in this decentralized revolution. That the largest opportunity that you
Speaker 1: will ever see. If you get this right, it's generational wealth.
Speaker 1: It'll change your family lineage, will change your legacy. The
Speaker 1: Mark Mass Show. Thanks for joining