WEBVTT - Cliff Notes: The Future of Bitcoin & Netflix

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<v Speaker 4>Earners what's going on?

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<v Speaker 5>You are now locked in the cliff Notes, the number

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<v Speaker 5>one place for investment strategies, tips and advice.

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<v Speaker 2>One last word about crypto is dollar cost averaging. There's

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<v Speaker 2>one thing we talked about with Hill Harper yesterday and

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<v Speaker 2>he was like, you know, if every black family puts

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<v Speaker 2>five dollars a day into Bigcoin, he got like this

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<v Speaker 2>whole formula that he and he was like, it could

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<v Speaker 2>like raise the black wealth by like sixty billion something.

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<v Speaker 3>Yeah, the great.

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<v Speaker 5>It would be a great presenter, the greatest gainer of

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<v Speaker 5>wealth in the history of man.

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<v Speaker 3>Confidence.

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<v Speaker 2>That's something that I don't think people you can dollar

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<v Speaker 2>cost average with crypto and you buy a certain amount

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<v Speaker 2>every single month. But bitcoin, ethery and whatever you believe in,

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<v Speaker 2>but just buy it because over the course bitcoin I'm

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<v Speaker 2>on the b quality ones, Bitcoin will be two hundred

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<v Speaker 2>and fifty thousand dollars within the next couple of years.

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<v Speaker 3>High high probably high probability, high probability.

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<v Speaker 2>He actually broke it even down, even like bigcoin is

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<v Speaker 2>gonna get so high at one point, it's really gonna.

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<v Speaker 3>Be to Toi's.

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<v Speaker 2>That's really to She's is like fractions of bigcoin, and

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<v Speaker 2>that's what people are really gonna you know, that's the

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<v Speaker 2>use case even more than actual bitcoins, because bigcoin's bitcoin

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<v Speaker 2>is like five hundred thousand. It's like, you know, people

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<v Speaker 2>ain't really gonna be looking at it like that. It's

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<v Speaker 2>really just gonna be like go. He actually brought up

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<v Speaker 2>a lot of good analogies where it's like a bri

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<v Speaker 2>of goal. At one point, we actually used to look

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<v Speaker 2>at a brick of goal, how much is a brick

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<v Speaker 2>of goal worth? But now once the brick of goal

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<v Speaker 2>got so out of touch for most people financially, now

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<v Speaker 2>we measure goal by ounces. So now you go by

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<v Speaker 2>the ounce of goal. So he's his theory is that

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<v Speaker 2>once bitcoin reaches you know, six figures five hundred thousand,

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<v Speaker 2>we're gonna use Shatoshi's to Really we're gonna talk about

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<v Speaker 2>Shatochi's more than we talk about bitcoin, the same way

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<v Speaker 2>we talk about ounces of goal more than we talk

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<v Speaker 2>about a brick of goal.

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<v Speaker 5>Yeah, so each each bitcoin will have like I think

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<v Speaker 5>he said, something like a million Sutochi's inside. So I

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<v Speaker 5>think the supply was up to eighteen almost nineteen million.

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<v Speaker 4>Is that the number for bigcoin?

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<v Speaker 5>I believe so and so inside that you're going to

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<v Speaker 5>have Satoshi's coming from it. So he said, Actually he

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<v Speaker 5>went higher than two hundred and fifty. He said five thousand,

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<v Speaker 5>one hundred thousand man ten year period.

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<v Speaker 2>Well yeah, eventually, well I say two fifty, like within

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<v Speaker 2>the next couple five years.

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<v Speaker 3>Yeah, but it definitely aren't hit.

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<v Speaker 2>Yeah, I mean, it's one of these things where it's

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<v Speaker 2>no stopping the trainers.

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<v Speaker 6>On the consumer side, Like if you there aren't any

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<v Speaker 6>gains and people are not settling for seven to twelve percent,

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<v Speaker 6>and you need a higher you need like a iron

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<v Speaker 6>clin asset that's going to drive, like that's going to

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<v Speaker 6>be the predominant player. Like bitcoin is like the dial

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<v Speaker 6>of crypto, so it's the safest thing, more institutional buy in.

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<v Speaker 6>I can see that. But you guys got to be careful.

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<v Speaker 6>And I know we always say to your own research,

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<v Speaker 6>but master this als. We got other jobs and stuff,

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<v Speaker 6>but you have to put the time. This is the

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<v Speaker 6>most important job that you have.

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<v Speaker 4>Hey, real quick, real quick, he.

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<v Speaker 3>Said, well, just real quick, he said.

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<v Speaker 2>Another thing about bitcoin, I was interesting where it's like,

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<v Speaker 2>you know, a lot of you know, a lot of

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<v Speaker 2>fear has always been a government regulation, government regulation, and

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<v Speaker 2>it's like governments can shut it down. Governments can stop it.

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<v Speaker 2>And that's what happened in twenty eighteen and that really

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<v Speaker 2>hurt the market. But he was explaining to us how

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<v Speaker 2>in Nigeria bitcoin is illegal, but in Nigeria bigcoins iss

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<v Speaker 2>someing for eighty nine thousand. That's another thing too. People

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<v Speaker 2>don't realize bitcoin is different. They have different prices depending

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<v Speaker 2>on where you are in the world. So in Nigeria

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<v Speaker 2>bitcoin selling for eighty nine thousand dollars, even though it's

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<v Speaker 2>outlawed by the government, you can't stop it. Governments can't

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<v Speaker 2>stop it. And the reason why I sell it for

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<v Speaker 2>eighty nine thousand is because it's outlawed, so it's even harder.

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<v Speaker 2>But governments can't stop it. Nothing can stop crypto, pay

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<v Speaker 2>the pair of transaction. Nothing can stop crypto, and nothing

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<v Speaker 2>can stop Bigcoin. I'm on the record of saying.

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<v Speaker 5>That I just want to quick shout out, really quick,

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<v Speaker 5>because I was actually in a crypto class. Shout to

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<v Speaker 5>everybody in eyl University and everybody that was in the

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<v Speaker 5>crypto class, big shout to Alison. I watched this, this

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<v Speaker 5>gentleman teach every I mean, he broke down like even

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<v Speaker 5>how to make interest off investing in crypto.

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<v Speaker 3>Which was fascinating.

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<v Speaker 5>And I had known about pancake c ak e is

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<v Speaker 5>the ticket, but the way he broke it down was incredible,

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<v Speaker 5>Like you can make interest off of owning the asset,

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<v Speaker 5>and so that's a whole different game. It was an

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<v Speaker 5>advanced conversation and I was just happy to be part

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<v Speaker 5>of it. So shot shout to outside. I just want

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<v Speaker 5>to give him his project.

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<v Speaker 2>I remember we had that conversation with Jason Lewis in

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<v Speaker 2>twenty seventeen when he was saying, because that's what I

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<v Speaker 2>was talking about like bitcoin, Like, what's the right You

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<v Speaker 2>have all these bitcoins, but what are you gonna do.

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<v Speaker 2>I'm not selling bitcoin because I think it's gonna go

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<v Speaker 2>up in value, but lending. And that's what he was

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<v Speaker 2>talking and that's what Hill Harper was talking about with

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<v Speaker 2>Mike Novichak Novograph Novgrits is a bitcoin billion and one

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<v Speaker 2>of the three. He's a bigcoin billionaire. And there's only

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<v Speaker 2>a few of them in America. Remember I said that

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<v Speaker 2>you know who I know.

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<v Speaker 3>GBTC.

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<v Speaker 6>For those of you who are looking at the state,

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<v Speaker 6>thirty seven seventy seven is not a bad place to

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<v Speaker 6>get in on the house.

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<v Speaker 3>I said it.

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<v Speaker 3>All right, Crystal Bulls coming out. We have talked about crypto.

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<v Speaker 3>I hope you guys as.

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<v Speaker 6>We have, and for those of you who are going

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<v Speaker 6>to watch later, I'm not changing my stance on anything.

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<v Speaker 6>The thing with that I want to show you is

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<v Speaker 6>how to invest in everything. I don't care if it's wheat, corn, palladium, platinum,

0:09:16.240 --> 0:09:19.320
<v Speaker 6>corn meal, donkey hoofs I don't like. You should know

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<v Speaker 6>how to price and plot it, and know what the

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<v Speaker 6>overall market value of market camp up it is, and

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<v Speaker 6>know how to be able to extrapolate money out of it.

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<v Speaker 6>Because what if a market does get locked up? So

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<v Speaker 6>I want you to be able to show you how

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<v Speaker 6>to work your way through anyone.

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<v Speaker 3>But yeah, let's get to it.

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<v Speaker 6>And then for those shout out to everybody's gonna ask questions,

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<v Speaker 6>you probably should ask about some stocks and entries, because

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<v Speaker 6>y'all didn't do that last week and I was.

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<v Speaker 3>Ready to go crazy. So pretty cursor, that's that fun.

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<v Speaker 4>Yeah, yeah, we're gonna talk about it in the earned support.

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<v Speaker 5>But yeah, everybody knows that I'm bullish, bullish on Disney

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<v Speaker 5>just because of everything they represent prior to Corona, but

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<v Speaker 5>even more so with the streaming service. And so tomorrow

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<v Speaker 5>Netflix is going to be reporting and I read an

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<v Speaker 5>interesting article about consolidation in the streaming service industry, and

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<v Speaker 5>so they set about thirty seven percent of people are

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<v Speaker 5>now and in their subscriptions because the space has gotten

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<v Speaker 5>so large, and so you got Amazon Prime, you got Disney,

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<v Speaker 5>you got Peacock, HBO, Max, Apple TV. And interestingly enough,

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<v Speaker 5>Netflix is about to report that they're going to have

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<v Speaker 5>six million new subscribers for the first quarter, which is

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<v Speaker 5>less than half, less than half. Think about this, less

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<v Speaker 5>than half than they had last last year. So they

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<v Speaker 5>had fifteen point eight million people subscribed. This year, they're

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<v Speaker 5>doing about six million, and so that's the interesting look

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<v Speaker 5>at what's happening in the streaming space. I'm very interested

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<v Speaker 5>to see how what Netflix does. I still believe in it.

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<v Speaker 5>I still believe that them and Disney obviously are the

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<v Speaker 5>one and two in the space, but that hard Amazon

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<v Speaker 5>Prime is making it hard.

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<v Speaker 3>Have you watched them? No? I can't. I couldn't. Yo,

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<v Speaker 3>what is it? What's it called them? Yeah? I couldn't.

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<v Speaker 3>The plight the plight? Yeah?

0:11:02.559 --> 0:11:02.599
<v Speaker 5>Ight?

0:11:02.800 --> 0:11:04.440
<v Speaker 3>What black people? Black? Yeah?

0:11:04.520 --> 0:11:07.280
<v Speaker 5>Yeah, Jordan Peel did it, So you know there's always

0:11:07.320 --> 0:11:07.840
<v Speaker 5>lessons inside.

0:11:07.840 --> 0:11:10.000
<v Speaker 3>Shout out to Jordan Peel, he's a legend.

0:11:10.080 --> 0:11:12.640
<v Speaker 5>Yeah, that's on Amazon problem. But all these streaming services

0:11:13.160 --> 0:11:15.440
<v Speaker 5>have came into the space, and now Netflix, which was

0:11:15.679 --> 0:11:19.920
<v Speaker 5>so far ahead, ten twelve years ahead of them, the

0:11:20.280 --> 0:11:22.160
<v Speaker 5>subscriptions have dwindled a little bit.

0:11:22.200 --> 0:11:24.040
<v Speaker 4>So I'll be interested to see what their what's your

0:11:24.040 --> 0:11:24.520
<v Speaker 4>thoughts here?

0:11:26.040 --> 0:11:27.520
<v Speaker 3>They are faced with a bunch of competition.

0:11:27.600 --> 0:11:30.200
<v Speaker 6>It's no different than any other service. Like, and I

0:11:30.240 --> 0:11:32.920
<v Speaker 6>put it earlier, like the ultimate competitive advantage that you

0:11:32.920 --> 0:11:36.040
<v Speaker 6>can have is have no competition, so you can build

0:11:36.080 --> 0:11:37.839
<v Speaker 6>a base and end up being a pioneer in the

0:11:37.880 --> 0:11:41.040
<v Speaker 6>space and end up not being the one who gets

0:11:41.040 --> 0:11:42.719
<v Speaker 6>the line share the market. They'll be great, I mean,

0:11:42.760 --> 0:11:52.079
<v Speaker 6>like my long target for Netflix is seven sixty one

0:11:52.120 --> 0:11:56.400
<v Speaker 6>oh five and three years hmm, So they'll be okay,

0:11:56.400 --> 0:11:57.360
<v Speaker 6>but they have.

0:11:57.400 --> 0:11:58.319
<v Speaker 3>Some serious pressure.

0:11:58.880 --> 0:12:01.640
<v Speaker 6>I mean, like Netflix is like but Disney looking like

0:12:01.720 --> 0:12:05.400
<v Speaker 6>little Baby, you know. So there's a lot of competition

0:12:05.520 --> 0:12:07.440
<v Speaker 6>that they're going to face and they're gonna give up.

0:12:07.480 --> 0:12:11.400
<v Speaker 6>And now if they have half the subscriber base as

0:12:11.520 --> 0:12:14.559
<v Speaker 6>prices and maybe they can do something, but the amount

0:12:14.600 --> 0:12:18.320
<v Speaker 6>of death they have taken on to make original content

0:12:18.920 --> 0:12:21.000
<v Speaker 6>that I think would be the thing that eventually will

0:12:21.040 --> 0:12:23.400
<v Speaker 6>take them down. Because if people don't know, it wasn't

0:12:23.440 --> 0:12:27.040
<v Speaker 6>Netflix alone that put Blockbuster out of business. It was

0:12:27.080 --> 0:12:29.640
<v Speaker 6>the debt that Blockbuster had that allowed Netflix to be

0:12:29.679 --> 0:12:32.080
<v Speaker 6>able to come in and then take that space. That's

0:12:32.080 --> 0:12:35.040
<v Speaker 6>why even in business, I'm like, no, debt is amazing.

0:12:35.080 --> 0:12:37.880
<v Speaker 6>I know, granted, like yo, debt, I get it, But

0:12:38.360 --> 0:12:40.880
<v Speaker 6>some of the biggest businesses have gotten taken over or

0:12:40.920 --> 0:12:43.920
<v Speaker 6>overrun or corporate takeovers have happened because there was too

0:12:43.960 --> 0:12:46.760
<v Speaker 6>much debt on the balance sheets and that's what killed blockbusters.

0:12:46.760 --> 0:12:50.040
<v Speaker 6>So it would be kind of interesting or a little

0:12:50.040 --> 0:12:52.440
<v Speaker 6>bit of karma if they died the same fate and

0:12:52.480 --> 0:12:54.680
<v Speaker 6>got put out of business for the same reason a blockbuster.

0:12:54.720 --> 0:12:58.000
<v Speaker 4>Did I stand corrected, I said, I said, join and

0:12:58.000 --> 0:12:59.040
<v Speaker 4>pill lead you a way.

0:13:00.120 --> 0:13:00.760
<v Speaker 3>Bill did not.

0:13:00.880 --> 0:13:01.360
<v Speaker 4>You didn't do.

0:13:01.280 --> 0:13:04.080
<v Speaker 3>It, did not? Thousand percent.

0:13:05.320 --> 0:13:07.640
<v Speaker 4>Shoutut to the shot another.

0:13:07.600 --> 0:13:08.680
<v Speaker 3>One of her great shows.

0:13:08.960 --> 0:13:10.920
<v Speaker 5>Yeah, but it's you know, it's a story about a family.

0:13:11.559 --> 0:13:13.600
<v Speaker 5>I won't give everything away, but they moved to Compton,

0:13:13.800 --> 0:13:15.679
<v Speaker 5>and so we think of Compton present day, it was

0:13:15.760 --> 0:13:19.960
<v Speaker 5>like predominantly black families. We think of obviously the people,

0:13:20.080 --> 0:13:21.880
<v Speaker 5>the great people have come from Compton, but it's interesting

0:13:21.920 --> 0:13:24.800
<v Speaker 5>to see the dynamics of how they've painted Compton in

0:13:24.840 --> 0:13:25.760
<v Speaker 5>the early twenties.

0:13:25.840 --> 0:13:28.960
<v Speaker 4>And so it's it's a tough watch, but interesting watch.

0:13:28.960 --> 0:13:32.920
<v Speaker 5>Nonetheless, there you have, Yeah, you know what, And to

0:13:32.520 --> 0:13:34.520
<v Speaker 5>add to what you said about Netflix, they're trying to

0:13:34.600 --> 0:13:36.240
<v Speaker 5>change up. So, like you said, they had to lease

0:13:36.280 --> 0:13:38.120
<v Speaker 5>a lot of their content early on, they're trying to

0:13:38.120 --> 0:13:39.760
<v Speaker 5>make new original content. I think that one of the

0:13:39.760 --> 0:13:41.240
<v Speaker 5>things they're going to do now is trying to make

0:13:41.320 --> 0:13:43.920
<v Speaker 5>weekly original content, which is something that they hadn't done.

0:13:43.920 --> 0:13:45.480
<v Speaker 5>They woul put seasons out, you watch them and then

0:13:45.480 --> 0:13:47.400
<v Speaker 5>you have to wait for the next show to come

0:13:47.400 --> 0:13:49.800
<v Speaker 5>out fart, and so one of those things that they're

0:13:49.840 --> 0:13:51.560
<v Speaker 5>trying to do it is a weekly original.

0:13:51.640 --> 0:13:53.839
<v Speaker 4>So we'll see, we'll see. They got to keep up,

0:13:54.120 --> 0:13:54.800
<v Speaker 4>they got to keep up.

0:13:54.840 --> 0:13:58.560
<v Speaker 5>Disney's not playing, and Hulu obviously, Hulu, Roku, all these

0:13:58.600 --> 0:14:01.800
<v Speaker 5>other services as well more extended conversation. Make sure to

0:14:01.880 --> 0:14:05.080
<v Speaker 5>check out our live YouTube show Market Monday's every Monday

0:14:05.160 --> 0:14:08.520
<v Speaker 5>eight pm Easter Standard time, seven pm Central, and check

0:14:08.520 --> 0:14:12.360
<v Speaker 5>out the Market Monday's podcast on iHeart, Spotify, Apple, wherever

0:14:12.360 --> 0:14:13.480
<v Speaker 5>you download your podcast.

0:14:13.559 --> 0:14:18.719
<v Speaker 3>Now. My graduates from my school being.

0:14:18.520 --> 0:14:24.240
<v Speaker 2>Forced back drop bag Drop Mike drop backdrop dropt.

0:14:34.960 --> 0:14:38.600
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:14:38.680 --> 0:14:42.479
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:14:42.720 --> 0:14:46.840
<v Speaker 1>accused of murdering a Texas. Man of Venezuelan charged with

0:14:46.920 --> 0:14:50.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:14:50.920 --> 0:14:54.680
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:14:54.720 --> 0:14:58.240
<v Speaker 1>Donald J. Trump's leadership. I'm Christine Noman, the United States

0:14:58.320 --> 0:15:03.120
<v Speaker 1>Secretary of Homeland Security under President Trump, attempted illegal border

0:15:03.160 --> 0:15:06.680
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:15:06.760 --> 0:15:09.960
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:15:10.040 --> 0:15:13.880
<v Speaker 1>are here illegally, your next you will be fine nearly

0:15:14.000 --> 0:15:18.000
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:15:18.040 --> 0:15:21.680
<v Speaker 1>never return. But if you register using our CBP home

0:15:21.720 --> 0:15:25.080
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:15:25.480 --> 0:15:30.200
<v Speaker 1>Do what's right, leave now. Under President Trump America's laws,

0:15:30.400 --> 0:15:32.840
<v Speaker 1>border and families will be protected.

0:15:32.920 --> 0:15:35.080
<v Speaker 4>Sponsored by the United States Department of Homeland Security,