WEBVTT - Understanding Bitcoin's Future & Stablecoin Dynamics

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<v Speaker 1>Earners. What's up.

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<v Speaker 2>to you by P and C Bank, a lot of

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<v Speaker 3>Bitcoin. You've obviously been in bitcoin for a long time,

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<v Speaker 3>so you know the vicious cycles of pullbacks, and so

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<v Speaker 3>we had a crypto winters, right are you? Are we

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<v Speaker 3>out of that phase and it's just a normal investment

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<v Speaker 3>cycle where we just have pullback. We don't have fifty

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<v Speaker 3>forty seventy percent pullback or could we potentially see another

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<v Speaker 3>drastic pullback.

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<v Speaker 4>I think we won't go back below seventy two thousand

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<v Speaker 4>for the next eighteen months.

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<v Speaker 1>I just don't think we will.

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<v Speaker 4>We spent so much time in that, you know, consolidating

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<v Speaker 4>new elections to high out. I think we measure ninety

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<v Speaker 4>seven thousands, our next target one hundred thousand, and then

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<v Speaker 4>we'll we might get into a range between one hundred

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<v Speaker 4>and eighty for a while before it goes up again.

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<v Speaker 4>But if you go back below the election day.

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<v Speaker 1>Something went wrong, then I'm gonna get really nervous.

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<v Speaker 2>What do you think, no, go aheads true, ILL say,

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<v Speaker 2>one of the things that people obviously they've they've watched

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<v Speaker 2>this phenomenon for the past five to six years very closely.

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<v Speaker 2>Maybe they got involved, maybe they didn't. But the one

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<v Speaker 2>of the things that holds people out is to trust.

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<v Speaker 2>And so you brought up stable coins. Obviously us DT

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<v Speaker 2>leads in that space. What are your thoughts around USDT

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<v Speaker 2>and is there another stable coin on the rise that

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<v Speaker 2>can help bring or encourage that trust in this space?

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<v Speaker 1>Well?

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<v Speaker 4>Lookten, So tether is you know, the dominant coin for

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<v Speaker 4>a lot of reasons, right, Chinese movie money, off shore

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<v Speaker 4>people using it for liquidity. But Ted doesn't share the

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<v Speaker 4>interest difference between where treasury bills are and zero with anybody.

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<v Speaker 1>Right, It's one of the great businesses I've ever seen.

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<v Speaker 4>So the team that owns Tether make a fortune. Howard Lutnik,

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<v Speaker 4>Trump's head of Transition is very involved with Tether. He

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<v Speaker 4>facilitates their buying and selling the treasuries, so it's a

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<v Speaker 4>big business for him. So he's got a vested interest

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<v Speaker 4>in keeping that dog alone alive. Jeremy a lair with USDC.

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<v Speaker 4>You know, he's the US based regulated stable coin. He

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<v Speaker 4>keeps most of those profits himself, so he's fighting for

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<v Speaker 4>for for his you know, regulation. This is a national

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<v Speaker 4>security discussion right right now, stable coins own about their

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<v Speaker 4>like the fifteenth largest owner of treasuries in the world. Right,

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<v Speaker 4>we issue treasuries to fund our debt. I would tell

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<v Speaker 4>you four years from now, they'll be the third or

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<v Speaker 4>the fourth largest owner of treasuries in the world.

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<v Speaker 1>Right.

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<v Speaker 4>And so if you're the Secretary of Treasury, who's responsible

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<v Speaker 4>for funding this giant deficit? Do you want someone who

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<v Speaker 4>controls a trillion dollars maybe of treasuries to be regulated.

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<v Speaker 1>In the US?

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<v Speaker 4>Are you going to be sitting in in Europe or

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<v Speaker 4>in Montenegro or you know who can always say hey,

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<v Speaker 4>I'm selling them right. I think I think you're going

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<v Speaker 4>to see stable queen legislation that really favors the home

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<v Speaker 4>turf because it's because it's national security.

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<v Speaker 1>Now that doesn't mean you can't have foreign ownership.

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<v Speaker 4>But I'm guessing everything's going to have to be here

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<v Speaker 4>in the US, But I don't know, that's just my guess.

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<v Speaker 5>Or two parts before you speaking of treasuries, the bomb

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<v Speaker 5>mark has been down since twenty one. When do you

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<v Speaker 5>think we'll recover? And then as far as debt to GDP,

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<v Speaker 5>what do you think happens first US going to one

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<v Speaker 5>fifty unfortunately, or dropping to one hundred within the next

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<v Speaker 5>maybe five to seven years.

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<v Speaker 4>Well that's the the fifty thousand dollars question. Listen, I

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<v Speaker 4>pray we go down. You know, how do you do that?

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<v Speaker 4>You have to inflate away your debt quietly. That means

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<v Speaker 4>running inflation at four percent, but not letting it go

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<v Speaker 4>to ten percent or fifty. And so it's a really

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<v Speaker 4>tricky job that the next Secretary of Treasury and Fed

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<v Speaker 4>governor have. I don't I card playing the land that

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<v Speaker 4>if you put a gun to my head, one fifties

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<v Speaker 4>more likely than one hundred. But I'm praying every night,

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<v Speaker 4>literally as a good American, that we get to one hundred.

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<v Speaker 5>You got another part to that question again, Oh, just

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<v Speaker 5>on your thoughts on one that you thought the bond

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<v Speaker 5>market overall will recover something I've been talking about for

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<v Speaker 5>a while. We've been down since twenty twenty one. Do

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<v Speaker 5>you think there'll ever be an uptick back in tot

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<v Speaker 5>You know.

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<v Speaker 4>It's the biggest question, Like it doesn't feel like owning

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<v Speaker 4>bonds is a smart idea, but everyone has that.

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<v Speaker 1>I have that idea.

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<v Speaker 4>And already the old cur flattening, not steepening with Trump,

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<v Speaker 4>and bonds aren't selling off as much as we might

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<v Speaker 4>have thought they would, and so there might be some

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<v Speaker 4>volatility in the ball market short term.

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<v Speaker 1>I don't see a lot of.

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<v Speaker 4>Value in thirty years at four point fifty.

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<v Speaker 1>I just don't.

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<v Speaker 4>We're going to have to run inflation, and you know,

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<v Speaker 4>the commodity markets were telling me, bitcoins telling me that

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<v Speaker 4>inflation is more likely than not.

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<v Speaker 1>And so the days of zero percent inflation I think

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<v Speaker 1>are over. Now. Where could I be wrong?

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<v Speaker 4>You know, we get robots and AI that are so

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<v Speaker 4>fricking out of this world that everything gets done at

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<v Speaker 4>a lot.

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<v Speaker 1>Cheaper price.

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<v Speaker 5>That could.

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<v Speaker 4>It literally could, and so you got to have an

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<v Speaker 4>open mind, like AI is changing things so quickly, and

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<v Speaker 4>it really hasn't started.

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<v Speaker 1>That's the crazy part.

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<v Speaker 4>All of this stuff is being built now, and so

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<v Speaker 4>what we really got to look at is AI in

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<v Speaker 4>five years, and it might scare the living shit out

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<v Speaker 4>of us.

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<v Speaker 6>An illegal alien from Guatemala charged with raping a child

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<v Speaker 6>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 6>filming and selling child pornography in Michigan. These are just

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<v Speaker 6>some of the heinous migrant criminals caught because of President

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<v Speaker 6>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 6>crossings are at the lowest levels ever recorded, and over

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<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 6>are here illegally, your next you will be fined nearly

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<v Speaker 6>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 6>never return. But if you register using our CBP home

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<v Speaker 6>app and leave now, you could be allowed to return legally.

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<v Speaker 6>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 6>border and families will be protected.

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<v Speaker 1>Sponsored by the United States Department of Homeland Security,