1 00:00:00,040 --> 00:00:02,639 Speaker 1: Hello, and welcome to another episode of the Mark Moss Show, 2 00:00:02,640 --> 00:00:06,000 Speaker 1: where we talk about the decentralized revolution, of course, each 3 00:00:06,040 --> 00:00:08,840 Speaker 1: and every week, looking at through the lens of politics, finance, 4 00:00:08,960 --> 00:00:13,120 Speaker 1: and technology. Of course, that technology is bitcoin, the decentralized 5 00:00:13,160 --> 00:00:16,680 Speaker 1: technology that is rapidly changing the world. And I got 6 00:00:16,720 --> 00:00:19,160 Speaker 1: a special show for you today. I'm excited about I've 7 00:00:19,160 --> 00:00:21,200 Speaker 1: been chomping at the bit to get going on this. 8 00:00:21,320 --> 00:00:24,560 Speaker 1: I got three special guests in the studio with me today. 9 00:00:24,960 --> 00:00:27,720 Speaker 1: I got Dr Jeff Ross. We joke about him being 10 00:00:27,720 --> 00:00:30,800 Speaker 1: the Perma Bear. We're gonna talk about that. We got Nico, 11 00:00:30,960 --> 00:00:34,640 Speaker 1: the host of Simply Bitcoin joining us, and uh Louis 12 00:00:34,760 --> 00:00:38,400 Speaker 1: lou Um and we are going to talk about the 13 00:00:38,479 --> 00:00:41,519 Speaker 1: macro environment, what's going on with the markets in general, 14 00:00:41,760 --> 00:00:45,800 Speaker 1: and of course how that relates back to bitcoin um. 15 00:00:45,920 --> 00:00:48,080 Speaker 1: For those of you tuning in, this is a it's 16 00:00:48,080 --> 00:00:51,040 Speaker 1: a warm up for us, it's a scrimmage. We are 17 00:00:51,120 --> 00:00:52,919 Speaker 1: all going to be on a panel next week at 18 00:00:52,960 --> 00:00:57,200 Speaker 1: Pacific Bitcoin Um, finally bringing bitcoin back to my home 19 00:00:57,280 --> 00:01:00,360 Speaker 1: state of California where it belongs. And so check out 20 00:01:00,400 --> 00:01:03,520 Speaker 1: Pacific Bitcoin get your ticket, you still got time. The 21 00:01:03,560 --> 00:01:05,120 Speaker 1: four of us will be on a panel together, and 22 00:01:05,160 --> 00:01:07,839 Speaker 1: so we're warming up anyway. Guys, welcome, thanks for joining 23 00:01:07,840 --> 00:01:11,800 Speaker 1: me today. Thanks Mark, happy to be here. Man, Yeah, 24 00:01:12,120 --> 00:01:14,320 Speaker 1: happy to have you on Nico. We should we'll do 25 00:01:14,360 --> 00:01:17,440 Speaker 1: another one with you at one point. But so the 26 00:01:17,480 --> 00:01:19,600 Speaker 1: topic that we're going to talk about today, I think 27 00:01:19,760 --> 00:01:25,080 Speaker 1: is just the macro economic environment that we're in right now, um, 28 00:01:25,280 --> 00:01:28,640 Speaker 1: and how Bitcoin relates into that. I think, Uh, you know, 29 00:01:29,040 --> 00:01:32,640 Speaker 1: as we just saw the FED chair Jerome Powell the 30 00:01:32,720 --> 00:01:36,320 Speaker 1: f O m C meeting met and a little bit 31 00:01:36,360 --> 00:01:39,680 Speaker 1: of a mixed message at first, and then um, he 32 00:01:39,720 --> 00:01:41,840 Speaker 1: tried to kind of go back and firm up his 33 00:01:41,880 --> 00:01:44,800 Speaker 1: position in the comments. I do want to start off 34 00:01:44,840 --> 00:01:49,080 Speaker 1: by just saying the sheer insanity of a world that 35 00:01:49,120 --> 00:01:51,600 Speaker 1: we're in where we all stand around and look for 36 00:01:52,040 --> 00:01:53,560 Speaker 1: the hedgehog to come out and tell us if winter 37 00:01:53,640 --> 00:01:55,560 Speaker 1: is still coming. I mean, I mean, we look for 38 00:01:55,680 --> 00:01:57,559 Speaker 1: a guy to tell us what the markets are gonna 39 00:01:57,600 --> 00:02:02,440 Speaker 1: be doing, the sheering entity of that. Uh and and 40 00:02:02,440 --> 00:02:05,040 Speaker 1: and actually how important it is today. I mean even 41 00:02:05,080 --> 00:02:07,600 Speaker 1: a decade ago, nobody probably even knew her who the 42 00:02:07,680 --> 00:02:09,799 Speaker 1: chair of the Fed FED was, and today we're all 43 00:02:09,800 --> 00:02:12,560 Speaker 1: sitting around waiting. But anyway, a little bit of a 44 00:02:12,600 --> 00:02:16,720 Speaker 1: mixed message. Jeff, you're the permit bear. What did you 45 00:02:16,760 --> 00:02:19,840 Speaker 1: get out of that mixed message? And as again I said, 46 00:02:19,880 --> 00:02:22,080 Speaker 1: like reiterated really kind of at the end what he 47 00:02:22,120 --> 00:02:24,760 Speaker 1: was thinking. Yeah, it was really interesting to watch Mark. 48 00:02:24,800 --> 00:02:26,720 Speaker 1: You know. At first, they they came out right off 49 00:02:26,760 --> 00:02:29,080 Speaker 1: the bat raised the federal funds rate seventy five BIPs, 50 00:02:29,080 --> 00:02:31,480 Speaker 1: which was no surprise to anybody. And then there is 51 00:02:31,480 --> 00:02:34,359 Speaker 1: a little bit of lingo in the FMC statement that 52 00:02:34,440 --> 00:02:37,680 Speaker 1: most people interpreted very quickly as hey, this is bullish, 53 00:02:37,760 --> 00:02:40,400 Speaker 1: and so the markets responded bullish. I was actually lurking 54 00:02:40,440 --> 00:02:43,880 Speaker 1: around on different uh Twitter spaces and and news programs, 55 00:02:43,919 --> 00:02:47,360 Speaker 1: and basically uniformly people were talking bullishly like Okay, this 56 00:02:47,440 --> 00:02:50,360 Speaker 1: is good. There's basically sign of they might pause at 57 00:02:50,400 --> 00:02:52,720 Speaker 1: some point, but man, then he came out at two 58 00:02:52,760 --> 00:02:55,119 Speaker 1: thirty Eastern time, and he came out swinging. At first, 59 00:02:55,200 --> 00:02:58,040 Speaker 1: he was he waffled a little bit, but then as 60 00:02:58,080 --> 00:02:59,959 Speaker 1: he got going and he got warmed up, he got 61 00:03:00,000 --> 00:03:02,959 Speaker 1: the eye of the tiger and he just started pummeling 62 00:03:03,200 --> 00:03:05,920 Speaker 1: risk assets. He pummeled the hopium out of people who 63 00:03:05,960 --> 00:03:07,880 Speaker 1: I thought at least and and and this is from 64 00:03:07,919 --> 00:03:10,639 Speaker 1: my perspective. Just so people know I'm very biased. I am, 65 00:03:10,960 --> 00:03:14,240 Speaker 1: as to to Mark's point, I'm positioned very barish Ley, 66 00:03:14,280 --> 00:03:16,239 Speaker 1: I'm shorting lots of things in the market right now. 67 00:03:16,480 --> 00:03:19,120 Speaker 1: So maybe it's just because I was looking for bare sentiment, 68 00:03:19,160 --> 00:03:21,639 Speaker 1: but I thought he was extremely bearish. I mean one 69 00:03:21,639 --> 00:03:23,359 Speaker 1: of his statements that I wrote down is it is 70 00:03:23,480 --> 00:03:26,680 Speaker 1: very premature to be thinking about or talking about pausing, 71 00:03:27,120 --> 00:03:29,320 Speaker 1: and for people who are using that as their hopium 72 00:03:29,800 --> 00:03:31,920 Speaker 1: that the markets were gonna turn and and have a 73 00:03:31,919 --> 00:03:34,400 Speaker 1: little bull run here, I think he just deflated all 74 00:03:34,440 --> 00:03:37,440 Speaker 1: of that hopium with that statement. Yeah. The one that 75 00:03:37,520 --> 00:03:40,800 Speaker 1: I saw was he said, prudent risk management suggests the 76 00:03:40,960 --> 00:03:43,440 Speaker 1: risks of doing too little or much higher than doing 77 00:03:43,480 --> 00:03:48,080 Speaker 1: too much. If we were too overtighten, we could use 78 00:03:48,120 --> 00:03:52,400 Speaker 1: our tools later on to support the economy. So he's like, look, 79 00:03:52,440 --> 00:03:54,040 Speaker 1: if we blow it up, we blow it up, who 80 00:03:54,040 --> 00:03:56,480 Speaker 1: freaking cares? We got tools that we can fix it later. 81 00:03:56,560 --> 00:03:59,240 Speaker 1: So like, I'd rather risk blowing it up and try 82 00:03:59,280 --> 00:04:01,040 Speaker 1: to fix it later than not blowing it up. So 83 00:04:01,080 --> 00:04:05,480 Speaker 1: that to me was like, dang, what's that. What's your 84 00:04:05,480 --> 00:04:09,320 Speaker 1: thoughts on that? Niko? Yeah, man, look, the reality is 85 00:04:09,640 --> 00:04:11,280 Speaker 1: you know the game is up. People are starting to 86 00:04:11,320 --> 00:04:13,120 Speaker 1: wake up to the scam. The reality is that ever 87 00:04:13,160 --> 00:04:16,000 Speaker 1: since the financial crisis, central banks have been working together 88 00:04:16,000 --> 00:04:18,960 Speaker 1: with governments to prop up a zombie economy. The only 89 00:04:19,000 --> 00:04:21,680 Speaker 1: ones who got wealthy were the one's closest to the 90 00:04:21,680 --> 00:04:25,039 Speaker 1: money printer, those who did real work, actual work. I've 91 00:04:25,080 --> 00:04:27,960 Speaker 1: gotten poor and and what you're gonna see over the 92 00:04:28,040 --> 00:04:30,719 Speaker 1: next couple of years is that central bankers and politicians 93 00:04:30,720 --> 00:04:33,840 Speaker 1: will use every excuse humanly possible they can come up with, 94 00:04:34,200 --> 00:04:39,000 Speaker 1: but blame themselves because they're the ones solely responsible for 95 00:04:39,040 --> 00:04:41,279 Speaker 1: what is to come. If you're under the age of 96 00:04:41,360 --> 00:04:44,239 Speaker 1: thirty five at this point and you don't have bitcoin, 97 00:04:44,320 --> 00:04:46,719 Speaker 1: I got very fortunate to get into bitcoin when I did. 98 00:04:46,960 --> 00:04:50,600 Speaker 1: You're nothing more than a Russian surf. You don't own anything, right, 99 00:04:50,839 --> 00:04:54,839 Speaker 1: Even their own propaganda says it. They want you to 100 00:04:54,960 --> 00:04:59,040 Speaker 1: quote them, not me, to own nothing and be happy. Right. 101 00:04:59,240 --> 00:05:01,640 Speaker 1: We are at that point in the movie and it's 102 00:05:01,680 --> 00:05:06,000 Speaker 1: absolutely ridiculous. So anything that comes out of power to me, 103 00:05:06,480 --> 00:05:10,680 Speaker 1: it's just noise. What I'm focused on mark nowadays is 104 00:05:10,680 --> 00:05:13,719 Speaker 1: how bitcoin is going to bring up the future that 105 00:05:13,920 --> 00:05:16,080 Speaker 1: I want to live in, In the future that I 106 00:05:16,160 --> 00:05:19,880 Speaker 1: want my kids to live in It's an absolute, it's 107 00:05:19,920 --> 00:05:21,560 Speaker 1: a joke. I came up with the meme is the 108 00:05:21,600 --> 00:05:22,920 Speaker 1: last thing I'm gonna say. I came up with a 109 00:05:22,960 --> 00:05:27,000 Speaker 1: meme yesterday of that famous picture of Mao Zedong in 110 00:05:27,040 --> 00:05:30,640 Speaker 1: front of you know, the Forbidden City in China, and 111 00:05:30,839 --> 00:05:33,360 Speaker 1: I face swapped it with Pal's face, and I said, 112 00:05:34,120 --> 00:05:36,600 Speaker 1: the chairman is is about to make an announcement on 113 00:05:36,640 --> 00:05:38,599 Speaker 1: the direction of the U S economy. How is this 114 00:05:38,680 --> 00:05:41,920 Speaker 1: any different than communism? It's like we're at this part 115 00:05:42,000 --> 00:05:43,479 Speaker 1: of the movie. And I was fortunate enough to be 116 00:05:43,560 --> 00:05:46,440 Speaker 1: on with Jeff Booth yesterday and he said it best. 117 00:05:46,480 --> 00:05:49,080 Speaker 1: He's like, look, every central bank that ever exists in 118 00:05:49,560 --> 00:05:52,680 Speaker 1: human history has always ended up with the socialist takeover. 119 00:05:52,760 --> 00:05:55,120 Speaker 1: And I think this is not to get too political. 120 00:05:55,200 --> 00:05:58,080 Speaker 1: I think this is exactly where we are. Well, it 121 00:05:58,120 --> 00:06:01,120 Speaker 1: is political. You can't separate. You can't separate the politics 122 00:06:01,120 --> 00:06:03,400 Speaker 1: and the economics anymore. And to the point that you 123 00:06:03,520 --> 00:06:07,280 Speaker 1: just made, Nico, um, how is this any different than communism? 124 00:06:07,320 --> 00:06:10,919 Speaker 1: It's not, you guys know, shameless plug here. I recently 125 00:06:11,000 --> 00:06:15,080 Speaker 1: released a book called The Uncommunist Manifesto, and um. When 126 00:06:15,120 --> 00:06:18,680 Speaker 1: Marx wrote the original book, The Communist Manifesto, He laid 127 00:06:18,720 --> 00:06:22,719 Speaker 1: out ten points of communism. In order to achieve communism, 128 00:06:22,760 --> 00:06:26,240 Speaker 1: we must have these ten things. Point number three, a 129 00:06:26,279 --> 00:06:30,920 Speaker 1: heavy progressive tax system. Point number five a central bank. 130 00:06:31,600 --> 00:06:36,160 Speaker 1: A central bank is communism, per Coral Marx. Not in 131 00:06:36,200 --> 00:06:38,560 Speaker 1: my words, that's his words. So how's it different communism? 132 00:06:38,560 --> 00:06:41,200 Speaker 1: It's not. That's exactly what it is. You control the 133 00:06:41,240 --> 00:06:46,360 Speaker 1: price of money, You control the price of everything anyway, Lewis, 134 00:06:46,560 --> 00:06:49,719 Speaker 1: So let's le strow it over to you. So, um, 135 00:06:49,760 --> 00:06:53,600 Speaker 1: he's extremely hawkish. Uh, it's insane that some guy has 136 00:06:53,640 --> 00:06:55,800 Speaker 1: the power to control the money supply. But but that's 137 00:06:55,800 --> 00:06:58,719 Speaker 1: where we're app Um. But bitcoin is kind of holding 138 00:06:58,800 --> 00:07:02,960 Speaker 1: on like a boss. What's your thoughts? Yeah, I think 139 00:07:03,200 --> 00:07:05,720 Speaker 1: the market start to realize that, you know, some of 140 00:07:05,760 --> 00:07:09,479 Speaker 1: the Rick's action has been down sep from the top, 141 00:07:09,960 --> 00:07:13,520 Speaker 1: and I think people are looking at those as you know, 142 00:07:13,640 --> 00:07:16,000 Speaker 1: wanting to scoop it up as a cheap at the 143 00:07:16,080 --> 00:07:20,360 Speaker 1: bitcoint kind of like a different type of risk action. 144 00:07:20,560 --> 00:07:24,920 Speaker 1: Entering into this new micro environment with fathers raising interest 145 00:07:25,000 --> 00:07:28,920 Speaker 1: rate and people are rushing to you know, cash and 146 00:07:29,040 --> 00:07:31,880 Speaker 1: there's a lot of cash sitting outside in the in 147 00:07:31,920 --> 00:07:35,920 Speaker 1: the bank right now, you know doing um the city 148 00:07:35,920 --> 00:07:38,920 Speaker 1: City bank deposit to earn you know, years on it, 149 00:07:39,480 --> 00:07:41,680 Speaker 1: or you know they lend it out for fixing colm 150 00:07:41,840 --> 00:07:46,240 Speaker 1: type of investment if it that you know could switch anytime, 151 00:07:46,600 --> 00:07:50,160 Speaker 1: you know, as long as UM there there's people speculating 152 00:07:50,200 --> 00:07:54,120 Speaker 1: on fout reserve pivot. But I don't see that happen 153 00:07:54,160 --> 00:07:57,400 Speaker 1: anytime soon. But some of those Rick's ACTA that's highly 154 00:07:58,200 --> 00:08:01,400 Speaker 1: you know, get hammered out. It's going to have a 155 00:08:01,480 --> 00:08:03,880 Speaker 1: chance or it's not going to go down that much 156 00:08:04,120 --> 00:08:08,240 Speaker 1: compared to some off those uh Tex stocks that hasn't 157 00:08:08,480 --> 00:08:11,080 Speaker 1: even got down the dog. Yeah, but we saw that, 158 00:08:11,120 --> 00:08:13,320 Speaker 1: we saw that the stock markets went down. I mean 159 00:08:13,320 --> 00:08:15,600 Speaker 1: they I think kind of the point Jeff was making earlier, 160 00:08:15,640 --> 00:08:17,240 Speaker 1: like they kind of rallied a little bit into the 161 00:08:17,280 --> 00:08:19,520 Speaker 1: pre meeting and then at post meeting it was like, no, 162 00:08:19,920 --> 00:08:24,520 Speaker 1: they got crushed. But yet Bitcoin seems to be holding on. UM. 163 00:08:24,560 --> 00:08:27,840 Speaker 1: It seems like, you know, maybe looking at some of 164 00:08:27,840 --> 00:08:30,920 Speaker 1: the on chain metrics that maybe we're kind of have 165 00:08:31,040 --> 00:08:33,720 Speaker 1: found some of the support level, and there seems some 166 00:08:33,960 --> 00:08:39,000 Speaker 1: seems to have been a lot of defending along that level. UM. 167 00:08:39,040 --> 00:08:41,720 Speaker 1: I want to I want to keep digging into uh 168 00:08:41,920 --> 00:08:45,079 Speaker 1: kind of what this means for the macro picture. UM. 169 00:08:45,160 --> 00:08:47,200 Speaker 1: There was a report that came out this week. I 170 00:08:47,280 --> 00:08:51,400 Speaker 1: saw um bitcoin wants to break its bond with stocks 171 00:08:51,440 --> 00:08:53,960 Speaker 1: and showing how the correlation has dropped to one of 172 00:08:53,960 --> 00:08:56,840 Speaker 1: its lowest levels. I'd like to get Jeff's opinion on that. 173 00:08:56,920 --> 00:08:59,040 Speaker 1: And then I want to talk about something I said. 174 00:08:59,240 --> 00:09:02,439 Speaker 1: I made a video talking about how, um, how maybe 175 00:09:02,440 --> 00:09:05,000 Speaker 1: there isn't another big market crash in front of us, 176 00:09:05,080 --> 00:09:06,959 Speaker 1: even though the picture is bad. We're gonna cover all 177 00:09:07,000 --> 00:09:08,679 Speaker 1: that and more. You're listening to the Mark Mos Show. 178 00:09:08,720 --> 00:09:11,920 Speaker 1: If you're just tuning in. We talked about the decentralized revolution, 179 00:09:11,920 --> 00:09:14,200 Speaker 1: the way the world is changing, of course looking at 180 00:09:14,200 --> 00:09:16,560 Speaker 1: through the lens of politics, finance, and technology. I'm in 181 00:09:16,559 --> 00:09:20,280 Speaker 1: the studio with three guests, Jeff Ross, Nico and Louis 182 00:09:20,360 --> 00:09:24,320 Speaker 1: lou talking about the macro economic picture and of course 183 00:09:24,320 --> 00:09:26,120 Speaker 1: what happens with bitcoin in that environment. We'll be back 184 00:09:26,120 --> 00:09:27,600 Speaker 1: with all that and more in a minute. You don't 185 00:09:27,600 --> 00:09:29,280 Speaker 1: want to miss it, don't go away, We're gonna be 186 00:09:29,360 --> 00:09:31,800 Speaker 1: right back. All right, Welcome back. You are listening to 187 00:09:31,840 --> 00:09:35,000 Speaker 1: the Mark Mo Show. We're talking about the decentralized revolution. 188 00:09:35,040 --> 00:09:38,080 Speaker 1: And right now I am joined in the studio with 189 00:09:38,640 --> 00:09:41,800 Speaker 1: three guests, Dr Jeff Ross, Nico from Simply Bitcoin, and 190 00:09:41,880 --> 00:09:45,960 Speaker 1: Louis lou and we're talking about this macro economic environment. 191 00:09:46,800 --> 00:09:50,160 Speaker 1: And uh, Jeff, you know, the while we can look 192 00:09:50,160 --> 00:09:53,920 Speaker 1: at bitcoin, bitcoins holding on extremely well, it's been stuck 193 00:09:53,960 --> 00:09:56,880 Speaker 1: in this very tight range for a long period of time. 194 00:09:57,320 --> 00:09:59,040 Speaker 1: As I kind of mentioned right before the break, it's 195 00:09:59,080 --> 00:10:02,440 Speaker 1: slid to like its lowest level of correlation, it's down 196 00:10:02,440 --> 00:10:06,240 Speaker 1: to zero point to six UM. And inside of all 197 00:10:06,280 --> 00:10:08,960 Speaker 1: that bad news that happened, it seemed like Bitcoin has 198 00:10:08,960 --> 00:10:13,960 Speaker 1: been holding on now as good as UM, as good 199 00:10:13,960 --> 00:10:16,079 Speaker 1: as the metrics look, you know, whether you want to 200 00:10:16,080 --> 00:10:18,240 Speaker 1: look at it from a technical analysis standpoint and on 201 00:10:18,400 --> 00:10:21,600 Speaker 1: chain metric standpoint. I also looked like to look at 202 00:10:21,600 --> 00:10:23,800 Speaker 1: the global pictures, so we're seeing a lot of adoption 203 00:10:23,800 --> 00:10:26,840 Speaker 1: happened in third world countries, etcetera. UM, in light of 204 00:10:26,880 --> 00:10:30,000 Speaker 1: all of those positive things, it seems like the macro picture, 205 00:10:30,080 --> 00:10:33,360 Speaker 1: the macro bear is still in the driver's seat. How 206 00:10:33,400 --> 00:10:35,120 Speaker 1: do you frame that up? And what do you think 207 00:10:35,160 --> 00:10:38,160 Speaker 1: about just that that picture there? Yeah, great question Mark. 208 00:10:39,160 --> 00:10:40,920 Speaker 1: I agree with you, and I agree with with your 209 00:10:40,960 --> 00:10:43,200 Speaker 1: take on this. You know, as as long as global 210 00:10:43,280 --> 00:10:48,160 Speaker 1: liquidity is generally contracting, Bitcoin historically hasn't done very well. 211 00:10:48,200 --> 00:10:50,480 Speaker 1: Like these are the years where Bitcoin tends do not 212 00:10:50,559 --> 00:10:52,760 Speaker 1: do well, and it tends as as as those of 213 00:10:52,840 --> 00:10:54,720 Speaker 1: us who have been in the space, no, it explodes 214 00:10:54,800 --> 00:10:59,120 Speaker 1: higher during the times of global liquidity expansion. So unfortunately, 215 00:10:59,160 --> 00:11:02,280 Speaker 1: we're in this period of continued contraction we're at We're 216 00:11:02,360 --> 00:11:05,760 Speaker 1: heading still down in the business cycle slope, and I 217 00:11:05,800 --> 00:11:08,440 Speaker 1: think that we're gonna see continued kind of just rough 218 00:11:08,520 --> 00:11:11,440 Speaker 1: macroeconomic conditions for about the next nine months or so. 219 00:11:11,480 --> 00:11:13,240 Speaker 1: I think we're still gonna be talking about this all 220 00:11:13,280 --> 00:11:16,000 Speaker 1: throughout the first half of three especially as we dip 221 00:11:16,040 --> 00:11:20,320 Speaker 1: into a recession. Bitcoin has become somewhat uncorrelated in the 222 00:11:20,360 --> 00:11:23,520 Speaker 1: near term. However, I think that when the floor drops out, 223 00:11:23,559 --> 00:11:26,400 Speaker 1: if if they do, if the floor does drop out, 224 00:11:26,480 --> 00:11:30,040 Speaker 1: under risk assets like NASDAC stocks like the SMP, things 225 00:11:30,080 --> 00:11:33,679 Speaker 1: like that just just by it'll it'll be guilty by association, 226 00:11:33,720 --> 00:11:35,800 Speaker 1: and I think it pulls Bitcoin down with it. As 227 00:11:35,840 --> 00:11:38,880 Speaker 1: people get called for get their margin calls, I think 228 00:11:38,880 --> 00:11:41,120 Speaker 1: they're going to take some of that liquidity, unfortunately out 229 00:11:41,120 --> 00:11:42,880 Speaker 1: of Bitcoin and that's going to pull the price lower. 230 00:11:42,960 --> 00:11:47,240 Speaker 1: That's my take. So if if, hypothetically if and maybe 231 00:11:47,360 --> 00:11:51,160 Speaker 1: we can talk about percentages or base cases, but there's 232 00:11:51,160 --> 00:11:53,360 Speaker 1: a good probability that we see another big crash coming, 233 00:11:53,640 --> 00:11:55,679 Speaker 1: if we see a recession to your point, So if 234 00:11:55,679 --> 00:11:58,640 Speaker 1: the markets were to crash, for example, then it could 235 00:11:58,640 --> 00:12:02,280 Speaker 1: easily pull Bitcoin down another to percent potentially. Yeah, that'd 236 00:12:02,280 --> 00:12:06,880 Speaker 1: be That's about my take. Ye. Now, um, Nico you 237 00:12:06,880 --> 00:12:09,400 Speaker 1: had mentioned that you think, you know, for younger people, 238 00:12:09,440 --> 00:12:11,839 Speaker 1: this is the great opportunity and how this is you know, 239 00:12:11,960 --> 00:12:13,839 Speaker 1: kind of Jerome Powe and the Fed is kind of 240 00:12:13,880 --> 00:12:17,800 Speaker 1: maybe showing their final hand so to speak. Right, Um, 241 00:12:17,880 --> 00:12:20,440 Speaker 1: one thing I was looking at this morning is, um, 242 00:12:20,480 --> 00:12:23,640 Speaker 1: you know, the banks want to want to continue their 243 00:12:23,679 --> 00:12:27,200 Speaker 1: scam with the central bank digital currencies, and um, they're 244 00:12:27,200 --> 00:12:28,839 Speaker 1: trying to rush them out. China is trying to rush 245 00:12:28,920 --> 00:12:32,880 Speaker 1: them out. Um. In Nigeria they're trying to rush them out. Um. 246 00:12:33,160 --> 00:12:36,320 Speaker 1: They have a really high penetration on cell phones. But 247 00:12:36,520 --> 00:12:40,320 Speaker 1: in China, reports are that the adoption of the central 248 00:12:40,320 --> 00:12:43,840 Speaker 1: bank digital currency has slowed down so much nobody wants 249 00:12:43,880 --> 00:12:47,080 Speaker 1: to use it, and in Nigeria, nobody wants to use it. Either. 250 00:12:47,640 --> 00:12:50,520 Speaker 1: And um, it's like the people are saying, we already 251 00:12:50,559 --> 00:12:53,680 Speaker 1: have cryptocurrency, what's the point of essential bank digital currency? 252 00:12:53,760 --> 00:12:56,640 Speaker 1: We don't see how that and this is a according 253 00:12:56,679 --> 00:12:59,360 Speaker 1: to quotes from people there in Nigeria, we don't see 254 00:12:59,360 --> 00:13:02,360 Speaker 1: how that is going to protect us from all the 255 00:13:02,360 --> 00:13:06,360 Speaker 1: problems that we have with high digit inflation, manipulation, etcetera. 256 00:13:06,520 --> 00:13:10,719 Speaker 1: So do you think that this global adoption, uh, we 257 00:13:10,760 --> 00:13:13,680 Speaker 1: move when we have need. The pain is very high 258 00:13:13,760 --> 00:13:16,320 Speaker 1: in those countries, they're moving at a rapid rate. Do 259 00:13:16,360 --> 00:13:19,360 Speaker 1: you think this rise could be enough to offset some 260 00:13:19,440 --> 00:13:22,440 Speaker 1: of this macro picture that we have. I think definitely 261 00:13:22,480 --> 00:13:26,400 Speaker 1: on an individual level for sure. Um. And it's really 262 00:13:26,400 --> 00:13:30,160 Speaker 1: interesting because, uh, you know, back to a couple of 263 00:13:30,160 --> 00:13:32,600 Speaker 1: weeks ago, is maybe it's about a month ago, the 264 00:13:32,679 --> 00:13:36,600 Speaker 1: Biden administration released the Digital Asset Framework, which everybody was 265 00:13:36,760 --> 00:13:40,679 Speaker 1: looking forward to. And in that framework, it basically was 266 00:13:40,720 --> 00:13:43,600 Speaker 1: an executive action that asked all the other branches of 267 00:13:43,640 --> 00:13:47,200 Speaker 1: government to you know, look into, uh, look into the 268 00:13:47,200 --> 00:13:51,040 Speaker 1: future of money. Treasury released a report literally called the 269 00:13:51,080 --> 00:13:53,800 Speaker 1: Future of Money. And then that entire report, I kid 270 00:13:53,880 --> 00:13:57,560 Speaker 1: you not, bitcoin is not mentioned one time. What was 271 00:13:57,640 --> 00:14:00,400 Speaker 1: mentioned was the future of money in the air eyes 272 00:14:00,520 --> 00:14:04,200 Speaker 1: is central bank digital currencies. They mentioned stable coins and 273 00:14:04,240 --> 00:14:08,440 Speaker 1: they also may mentioned payment platforms. Now, the reason that 274 00:14:08,559 --> 00:14:12,439 Speaker 1: central bank digital currencies will never be adopted in from 275 00:14:12,480 --> 00:14:15,640 Speaker 1: my perspective without coercion is because they will never be 276 00:14:15,720 --> 00:14:19,080 Speaker 1: able to match bitcoins incentives. And that's what you're seeing 277 00:14:19,120 --> 00:14:21,160 Speaker 1: on a worldwide level. And what do I mean by 278 00:14:21,200 --> 00:14:25,440 Speaker 1: incentives Two things, right, Governments will always want to censor 279 00:14:25,480 --> 00:14:29,600 Speaker 1: and control, and governments will also always want to debase 280 00:14:29,680 --> 00:14:34,120 Speaker 1: because via that debasement is how they pay for the bureaucracy. 281 00:14:34,160 --> 00:14:37,120 Speaker 1: That's how they pay for themselves, and they'll never want 282 00:14:37,160 --> 00:14:40,880 Speaker 1: to give that up. But you're seeing more of this 283 00:14:41,000 --> 00:14:44,560 Speaker 1: in developing countries because I believe it's do something. It's 284 00:14:44,600 --> 00:14:48,320 Speaker 1: due to something called and Alex Gladstein wrote an amazing book. 285 00:14:48,720 --> 00:14:51,920 Speaker 1: It's the names and the name of the book says 286 00:14:51,920 --> 00:14:55,080 Speaker 1: it all. It's called financial privilege. Right, And if you 287 00:14:55,160 --> 00:14:59,320 Speaker 1: lived in the developed country, you have the privilege of 288 00:14:59,600 --> 00:15:03,360 Speaker 1: using a currency that has an inflation rate ever so 289 00:15:03,480 --> 00:15:07,200 Speaker 1: little that you don't really realize it's stealing from you, 290 00:15:07,320 --> 00:15:09,920 Speaker 1: especially if you have a good job. But what's happening 291 00:15:09,920 --> 00:15:13,400 Speaker 1: in Nigeria, what's happening in Venezuela. What's happening in Argentina. 292 00:15:13,920 --> 00:15:17,520 Speaker 1: You're talking about double digit inflation. So when the government 293 00:15:17,520 --> 00:15:19,920 Speaker 1: over there goes out and says, hey, guys, look at 294 00:15:19,920 --> 00:15:22,800 Speaker 1: my central bank digital currency, they're looking at their government 295 00:15:22,800 --> 00:15:25,520 Speaker 1: and saying, what does that fix? What does that do? 296 00:15:26,200 --> 00:15:29,800 Speaker 1: And it's funny because the United Nations released the report 297 00:15:30,040 --> 00:15:33,840 Speaker 1: and I'm paraphrasing here. The name of the report is 298 00:15:33,880 --> 00:15:39,960 Speaker 1: called um UM. It's called We Must Stop Cryptocurrency Adopting 299 00:15:40,040 --> 00:15:43,840 Speaker 1: adoption in Developing countries, and it advocates for central bank 300 00:15:43,840 --> 00:15:46,240 Speaker 1: digital currencies. It says how this is going to lead 301 00:15:46,280 --> 00:15:49,800 Speaker 1: to horrible things if you know, if if, if national 302 00:15:49,800 --> 00:15:53,600 Speaker 1: currencies are circumvented. But once again, Mark, just like the 303 00:15:53,640 --> 00:15:57,200 Speaker 1: Treasury report called the Future of Money, it never mentions 304 00:15:57,240 --> 00:16:01,200 Speaker 1: the reason as to why people are looking for alternatives. 305 00:16:01,240 --> 00:16:04,800 Speaker 1: And the reason why, I believe is they're actually trying 306 00:16:04,840 --> 00:16:10,160 Speaker 1: to save their wealth, their time, their energy from currency debasement. 307 00:16:10,280 --> 00:16:13,840 Speaker 1: And we both know, Mark, the only true cryptocurrency that 308 00:16:14,040 --> 00:16:18,440 Speaker 1: is going to be able to provide that is Bitcoin. Yeah, 309 00:16:18,600 --> 00:16:21,960 Speaker 1: for sure, I think to your point, yes, horrible things 310 00:16:22,000 --> 00:16:25,720 Speaker 1: will happen if cryptocurrencies are adopted. Horrible things to their 311 00:16:25,760 --> 00:16:29,240 Speaker 1: monopoly on the financial system. That's a horrible thing. But 312 00:16:29,320 --> 00:16:31,120 Speaker 1: here's here's what they want to do with central bank 313 00:16:31,120 --> 00:16:34,920 Speaker 1: digital currencies. Let's hear it directly from the head of 314 00:16:34,960 --> 00:16:38,000 Speaker 1: the B I s Mr Augustine Carson, and see what 315 00:16:38,000 --> 00:16:41,200 Speaker 1: he has to say. In particular for the use of 316 00:16:41,480 --> 00:16:45,880 Speaker 1: general to the general use, we tend to establish the 317 00:16:45,920 --> 00:16:50,680 Speaker 1: equivalence with cash, and there is a huge difference there. 318 00:16:51,680 --> 00:16:55,040 Speaker 1: For example, in cash, we don't know, for example, who's 319 00:16:55,160 --> 00:16:58,680 Speaker 1: using a one dollar bill today. We don't know who 320 00:16:58,800 --> 00:17:02,440 Speaker 1: is using one. This will be until day So that's 321 00:17:02,480 --> 00:17:04,840 Speaker 1: their problem. They don't know who's using it. They don't 322 00:17:04,880 --> 00:17:06,960 Speaker 1: have control. The next clip, I'm not going to play 323 00:17:06,960 --> 00:17:09,679 Speaker 1: it for time, but he says, and central bank digital 324 00:17:09,680 --> 00:17:12,520 Speaker 1: currencies will give us all the power and control to 325 00:17:12,600 --> 00:17:16,560 Speaker 1: do that, unlimited power and control. So I think we 326 00:17:16,680 --> 00:17:21,080 Speaker 1: have this battle. I've been saying as investors, we and 327 00:17:21,160 --> 00:17:24,160 Speaker 1: Jeff you coulda I'm sure say the thing. But as investors, 328 00:17:24,240 --> 00:17:27,199 Speaker 1: what is looking for what I call the mismatching perception 329 00:17:27,240 --> 00:17:30,960 Speaker 1: and reality. That's our edge. If everybody knows it, there's 330 00:17:31,000 --> 00:17:33,560 Speaker 1: no edge there. And so the perception is it's like 331 00:17:33,600 --> 00:17:36,119 Speaker 1: this Wall Street trading toy and it's being traded like 332 00:17:36,160 --> 00:17:39,600 Speaker 1: a Wall Street, like a tech stock. The reality is 333 00:17:39,680 --> 00:17:42,800 Speaker 1: it's not. The reality is it's a lifeboat for lots 334 00:17:42,840 --> 00:17:46,159 Speaker 1: of people, potentially half the people in the world today, 335 00:17:46,240 --> 00:17:48,560 Speaker 1: and they're realizing it. Um. If you're just tuning in, 336 00:17:48,600 --> 00:17:50,960 Speaker 1: you listen to the markma Show. We're talking about, of course, 337 00:17:51,000 --> 00:17:54,240 Speaker 1: each and every week, the decentralized Revolution, talking about bitcoin 338 00:17:54,359 --> 00:17:57,520 Speaker 1: and the decentralized technology. And in the studio with Dr 339 00:17:57,600 --> 00:18:00,920 Speaker 1: Jeff Ross, with Niko from Simply Bitcoin and Louis Lou 340 00:18:01,080 --> 00:18:04,359 Speaker 1: talking about the macro environment and bitcoin. I want to 341 00:18:04,400 --> 00:18:06,560 Speaker 1: come back in a minute. We're gonna talk about more 342 00:18:06,680 --> 00:18:08,640 Speaker 1: what's gonna happen, So don't miss it. We'll be right back. 343 00:18:09,000 --> 00:18:10,800 Speaker 1: All right, Welcome back. You are listening to the Mark 344 00:18:10,920 --> 00:18:14,520 Speaker 1: Mox Show. We're talking about the decentralized Revolution, of course 345 00:18:14,520 --> 00:18:17,119 Speaker 1: being led by bitcoin, the decentralized technology. I'm in the 346 00:18:17,160 --> 00:18:21,200 Speaker 1: studio with Jeff Ross, Nico from Simply Bitcoin, and Louis Lou. 347 00:18:21,280 --> 00:18:24,360 Speaker 1: We're having a warm up for our panel we're having 348 00:18:24,400 --> 00:18:27,280 Speaker 1: next week at the Pacific Bitcoin Conference in Los Angeles. 349 00:18:27,640 --> 00:18:31,320 Speaker 1: UH bringing bitcoin back to my home state here Southern California. 350 00:18:31,359 --> 00:18:33,680 Speaker 1: Excited to check it out. If you don't want to 351 00:18:33,680 --> 00:18:36,600 Speaker 1: have a ticket, you should. Um. So let's talk about 352 00:18:36,640 --> 00:18:40,520 Speaker 1: this um from another level, because I think the one 353 00:18:40,640 --> 00:18:43,120 Speaker 1: thing that I always want to try to bring attention 354 00:18:43,160 --> 00:18:47,640 Speaker 1: back to is time frames. So doctor Dr Bear, Dr 355 00:18:47,720 --> 00:18:50,600 Speaker 1: Jeff Ross, Yeah, we joke with the Bears, right, but 356 00:18:50,640 --> 00:18:52,800 Speaker 1: it's uh, but it's always like time frames. And so 357 00:18:53,040 --> 00:18:56,199 Speaker 1: Nico talked about being younger and how if you're if 358 00:18:56,200 --> 00:18:59,440 Speaker 1: you're in your thirties, is this amazing opportunity And I'm 359 00:18:59,520 --> 00:19:02,320 Speaker 1: guessing from that and we'll go back to him, but um, 360 00:19:02,359 --> 00:19:05,119 Speaker 1: he's talking, well, he's younger, so has this long time frame. 361 00:19:05,320 --> 00:19:08,040 Speaker 1: Dr Jeff Ross is extremely bearished. Maybe in the short 362 00:19:08,080 --> 00:19:10,920 Speaker 1: time frame, so maybe in the next six months, nine months, 363 00:19:10,920 --> 00:19:13,920 Speaker 1: twelve months. I would imagine over the next five, ten years. 364 00:19:13,920 --> 00:19:17,160 Speaker 1: He's also bullish or positive about it. So we kind 365 00:19:17,160 --> 00:19:20,480 Speaker 1: of have these time frames. They're right at some point 366 00:19:20,720 --> 00:19:23,720 Speaker 1: the emerging markets will flip the Western markets maybe, right, 367 00:19:23,800 --> 00:19:27,000 Speaker 1: but over what time frames? So let's talk about that 368 00:19:27,080 --> 00:19:31,520 Speaker 1: a little bit. Um. Actually, before we talk about that, 369 00:19:33,160 --> 00:19:35,200 Speaker 1: I made a comment before we started recording. I want 370 00:19:35,200 --> 00:19:38,200 Speaker 1: to dig into and I made a comment that when 371 00:19:38,240 --> 00:19:40,400 Speaker 1: I make my videos on YouTube, everybody wants the bad 372 00:19:40,480 --> 00:19:42,600 Speaker 1: news and nobody wants the good news. And I had 373 00:19:42,640 --> 00:19:45,720 Speaker 1: made a video talking about maybe there is no market 374 00:19:45,720 --> 00:19:49,040 Speaker 1: crash show Dr Jeff, you had mentioned that maybe if, if, 375 00:19:49,080 --> 00:19:51,520 Speaker 1: if there's this fifty percent crash or whatever, this percent 376 00:19:51,560 --> 00:19:52,800 Speaker 1: crash is going to be in front of us. And 377 00:19:52,840 --> 00:19:55,080 Speaker 1: of course there's plenty of data to tell us that 378 00:19:55,160 --> 00:19:57,359 Speaker 1: this is the case. We can look at fractals that 379 00:19:57,400 --> 00:20:00,640 Speaker 1: show the markets just like the grab Sure two thousand 380 00:20:00,680 --> 00:20:02,600 Speaker 1: eight crash and it's supposed to, you know, have this 381 00:20:02,720 --> 00:20:05,440 Speaker 1: perfect retracement and it's going to crash again. We can 382 00:20:05,440 --> 00:20:10,120 Speaker 1: look at the horrible data, no shortage of of horrible data. Um. 383 00:20:10,160 --> 00:20:11,880 Speaker 1: But I made this video and I said, are you 384 00:20:12,160 --> 00:20:16,040 Speaker 1: one hundred percent certain that the market's going to crash? 385 00:20:16,280 --> 00:20:19,440 Speaker 1: Nobody can be hunters in certain so maybe you're nine certain. 386 00:20:19,480 --> 00:20:21,399 Speaker 1: So what about that ten percent? Should we look at that? 387 00:20:22,560 --> 00:20:23,800 Speaker 1: And so what we should try to do instead of 388 00:20:23,800 --> 00:20:26,560 Speaker 1: always trying to confirm our own biases, we should also 389 00:20:26,600 --> 00:20:28,439 Speaker 1: we should really be looking for data that tries to 390 00:20:28,520 --> 00:20:30,840 Speaker 1: go against our bias, to see where we have holes 391 00:20:30,840 --> 00:20:32,720 Speaker 1: and things like that. And so I kind of made 392 00:20:32,720 --> 00:20:35,080 Speaker 1: this this video and said, maybe maybe there's a thirty 393 00:20:35,119 --> 00:20:36,959 Speaker 1: or forty percent chance it doesn't, and so let's take 394 00:20:37,000 --> 00:20:38,920 Speaker 1: a look at that. And I'd like to get your 395 00:20:38,920 --> 00:20:41,840 Speaker 1: guys take on this. So basically my case, and I'm 396 00:20:41,840 --> 00:20:43,480 Speaker 1: not going to break it down long for for sake 397 00:20:43,520 --> 00:20:47,200 Speaker 1: of time, but um, I would say that what I'm 398 00:20:47,240 --> 00:20:50,080 Speaker 1: thinking is that, um, the data is horrible and it 399 00:20:50,080 --> 00:20:52,159 Speaker 1: should crash, and it certainly should. But we know that 400 00:20:52,200 --> 00:20:54,520 Speaker 1: the markets and the and the and the economy are 401 00:20:54,520 --> 00:20:57,480 Speaker 1: not the same. We saw the entire world economy. I 402 00:20:57,520 --> 00:20:59,760 Speaker 1: shut down businesses, we shut down, but yet markets rallied 403 00:20:59,800 --> 00:21:02,400 Speaker 1: to new all time highs. So there's a complete disconnect there. 404 00:21:03,040 --> 00:21:06,800 Speaker 1: And my thinking, Jeff, is that the FED is moving 405 00:21:06,880 --> 00:21:08,640 Speaker 1: so fast, not just the FED, but the central banks 406 00:21:08,640 --> 00:21:10,879 Speaker 1: around the world are moving so fast, and things are 407 00:21:10,920 --> 00:21:15,399 Speaker 1: getting so bad so quickly that things are going to break. 408 00:21:15,440 --> 00:21:18,120 Speaker 1: And we know they're going to pivot at some point, 409 00:21:17,920 --> 00:21:20,240 Speaker 1: at some point being the key word, at some point, 410 00:21:20,280 --> 00:21:22,719 Speaker 1: most likely when the liquidity is sucked out of the system. 411 00:21:23,040 --> 00:21:25,399 Speaker 1: Right at some point they're going to be forced to act. 412 00:21:25,440 --> 00:21:28,080 Speaker 1: Now when I don't think they're looking at the markets. 413 00:21:28,280 --> 00:21:30,040 Speaker 1: I don't think they care about the NASDAC or the 414 00:21:30,080 --> 00:21:32,920 Speaker 1: SMP five hundred but when the banking system freezes, they're 415 00:21:32,920 --> 00:21:35,439 Speaker 1: going to be forced to act, and the thought processes 416 00:21:35,800 --> 00:21:38,960 Speaker 1: the markets are sort of calling their bluff. Everybody knows 417 00:21:39,040 --> 00:21:41,320 Speaker 1: they're going to have to pivot at some point, so 418 00:21:41,320 --> 00:21:43,919 Speaker 1: who can hold out longer? And the thought process is 419 00:21:44,240 --> 00:21:48,040 Speaker 1: maybe things break and the FED is forced to pivot 420 00:21:48,119 --> 00:21:51,560 Speaker 1: off of that before the markets get that draw down, 421 00:21:52,200 --> 00:21:57,120 Speaker 1: what's your thoughts on that? And like maybe probabilities of that, 422 00:21:58,600 --> 00:22:00,879 Speaker 1: So that's a definite possibility the in your right, like 423 00:22:00,960 --> 00:22:03,640 Speaker 1: as investors, we have to think in terms of probabilities, right, 424 00:22:03,680 --> 00:22:06,000 Speaker 1: not absolute. So that's why I use things like trailing 425 00:22:06,000 --> 00:22:08,560 Speaker 1: stop losses in case I'm wrong. I have my macro views, 426 00:22:08,600 --> 00:22:10,520 Speaker 1: but I can certainly be wrong. I've been wrong lots 427 00:22:10,560 --> 00:22:12,280 Speaker 1: of times, and I'll be wrong lots of times in 428 00:22:12,320 --> 00:22:15,360 Speaker 1: the future. So where could we be wrong now? Right? So, yes, 429 00:22:15,480 --> 00:22:18,359 Speaker 1: if the system breaks, if we see basically the banking 430 00:22:18,400 --> 00:22:21,320 Speaker 1: system frees up, if we see some instability or signs 431 00:22:21,359 --> 00:22:24,399 Speaker 1: of trouble and the treasury market UM, that would cause 432 00:22:24,440 --> 00:22:26,920 Speaker 1: them to swoop in and act and they would definitely 433 00:22:26,960 --> 00:22:29,439 Speaker 1: start buying bonds. The thing that I think is a 434 00:22:29,440 --> 00:22:32,360 Speaker 1: little bit different this time around, though, UM is that 435 00:22:32,440 --> 00:22:35,320 Speaker 1: I think they're still going to raise keep rates at 436 00:22:35,359 --> 00:22:38,680 Speaker 1: this higher level for longer, even if they do come 437 00:22:38,720 --> 00:22:40,920 Speaker 1: out in buy bonds, and even if the Treasury comes out, 438 00:22:40,920 --> 00:22:44,159 Speaker 1: you know, Janet Yellen sort of um alluded to the 439 00:22:44,200 --> 00:22:46,520 Speaker 1: fact that they may do some clever buying, maybe like 440 00:22:46,560 --> 00:22:50,280 Speaker 1: an operation twist from the Treasury itself where they issue 441 00:22:50,320 --> 00:22:53,240 Speaker 1: some short term bonds and buy longer dated bonds. Um, 442 00:22:53,280 --> 00:22:54,920 Speaker 1: they may do that. That would be kind of a 443 00:22:55,040 --> 00:22:58,840 Speaker 1: que type move. Um. Certainly that could happen. Certainly if 444 00:22:58,880 --> 00:23:01,520 Speaker 1: the system breaks in the bond market starts to seize 445 00:23:01,600 --> 00:23:04,120 Speaker 1: up a bit um, that would force them to act. 446 00:23:04,119 --> 00:23:05,919 Speaker 1: So I totally concede that, and I think if that 447 00:23:05,960 --> 00:23:08,359 Speaker 1: does happen, by the way, it would be um in 448 00:23:08,960 --> 00:23:14,680 Speaker 1: uh concurrent with equities dropping precipitously, so similar to kind 449 00:23:14,680 --> 00:23:16,800 Speaker 1: of a March type event. I think that if we 450 00:23:16,840 --> 00:23:19,280 Speaker 1: see serious trouble in the bond markets, I think equities 451 00:23:19,280 --> 00:23:21,880 Speaker 1: are absolutely gonna crash and it could sort of pull 452 00:23:22,000 --> 00:23:24,480 Speaker 1: forward all of this barishness all into one you know, 453 00:23:24,560 --> 00:23:27,080 Speaker 1: one week or one month or something like that at 454 00:23:27,080 --> 00:23:28,520 Speaker 1: the point. And then at that point I could see 455 00:23:28,520 --> 00:23:30,200 Speaker 1: the Fed pivot and we'd we'd be on our way 456 00:23:30,240 --> 00:23:32,800 Speaker 1: to the next bull market. What would you say the 457 00:23:32,880 --> 00:23:37,199 Speaker 1: probability of the FED breaking and being forced to pivot 458 00:23:37,240 --> 00:23:42,000 Speaker 1: there before the stocks dropped by or whatever. Is that 459 00:23:42,040 --> 00:23:46,080 Speaker 1: a chance the thirty or fifty even lower than twenty. 460 00:23:46,119 --> 00:23:48,400 Speaker 1: I think kind of a ten percent chance, I would 461 00:23:48,440 --> 00:23:51,000 Speaker 1: I'm yeah, that's very pretty unlikely for me to happen. 462 00:23:51,040 --> 00:23:53,080 Speaker 1: I think that equities are so sensitive to that that 463 00:23:53,200 --> 00:23:56,240 Speaker 1: I think they would, uh, they would be dropping pretty precipitously, 464 00:23:56,240 --> 00:23:59,720 Speaker 1: but obviously could be wrong. Yeah, I would say I'm 465 00:23:59,720 --> 00:24:03,679 Speaker 1: more the thirty camp. I've had these this conversation, this 466 00:24:03,720 --> 00:24:06,560 Speaker 1: exact conversation at length with Nick and Nick Botia from 467 00:24:06,560 --> 00:24:09,520 Speaker 1: the Bitcoin Layer, and he says about fifty. So just 468 00:24:09,640 --> 00:24:11,800 Speaker 1: for everybody listening, but none of us have a crystal 469 00:24:11,800 --> 00:24:14,880 Speaker 1: ball Lewis, what do you? What do you think about that? 470 00:24:16,359 --> 00:24:19,719 Speaker 1: I'm pretty much agree with Dr Rupert Ross here. I 471 00:24:19,760 --> 00:24:24,240 Speaker 1: think FAT has been very clear on the interest rate 472 00:24:24,600 --> 00:24:27,359 Speaker 1: and on the monetary policy, and I think the next 473 00:24:27,440 --> 00:24:29,400 Speaker 1: you're gonna see is the FAT is going to cut 474 00:24:29,440 --> 00:24:33,360 Speaker 1: the balance sheet to the point that markets are jupanic 475 00:24:34,000 --> 00:24:37,000 Speaker 1: and um and we haven't even reached there yet. We're 476 00:24:37,040 --> 00:24:40,000 Speaker 1: just raising the interest rate UM, you know quarter by 477 00:24:40,080 --> 00:24:43,199 Speaker 1: quarter and now we are we are seeing you know, 478 00:24:43,280 --> 00:24:45,520 Speaker 1: there's a possibility the FAT is going to cut the 479 00:24:45,520 --> 00:24:50,280 Speaker 1: balance sheet maybe next year if one or Q two UM, 480 00:24:50,320 --> 00:24:52,920 Speaker 1: and that's going to cost a lot of the equity problem, 481 00:24:53,119 --> 00:24:55,879 Speaker 1: uh in the in the markets especially you know, bond 482 00:24:55,920 --> 00:24:59,560 Speaker 1: and equity UM definitely not seen an end to this. 483 00:25:00,280 --> 00:25:03,360 Speaker 1: And I'm not gonna sounds so barries because I'm I'm 484 00:25:03,400 --> 00:25:07,320 Speaker 1: invested in bitcoin UM, but bitcoin is going to correlate 485 00:25:07,359 --> 00:25:11,800 Speaker 1: it with the equity market UM. And there's no escape 486 00:25:11,920 --> 00:25:15,280 Speaker 1: for this because it's still at risk asset for some 487 00:25:15,359 --> 00:25:20,040 Speaker 1: institution to own UM. And but the longer term, after 488 00:25:20,119 --> 00:25:24,159 Speaker 1: the maybe we are just speculating on the big crash 489 00:25:24,320 --> 00:25:28,000 Speaker 1: before the FAT pivot um bitcoin. Should we have a 490 00:25:28,640 --> 00:25:32,600 Speaker 1: larger run up after that? But for that you happened 491 00:25:32,640 --> 00:25:35,440 Speaker 1: when did you have a serious it commic contraction a 492 00:25:35,560 --> 00:25:40,760 Speaker 1: recession UM? And how how the FAT is going to 493 00:25:40,840 --> 00:25:43,640 Speaker 1: monitor the recession is going to be the very tricky thing, 494 00:25:43,960 --> 00:25:46,480 Speaker 1: because why do we need that? You said, we said 495 00:25:46,520 --> 00:25:48,080 Speaker 1: we need it? Why why do we need It's not 496 00:25:48,200 --> 00:25:50,880 Speaker 1: we need the registered sssion, it's the fact it's intentionally 497 00:25:51,320 --> 00:25:54,959 Speaker 1: pulling the economy into recession to stop the inflation rising 498 00:25:55,320 --> 00:25:58,800 Speaker 1: and stop the speculation bobo going on in there. But 499 00:25:58,920 --> 00:26:02,359 Speaker 1: just like they did inwy they literally shut the entire 500 00:26:02,359 --> 00:26:07,960 Speaker 1: economy down, but we still saw markets rally. Yeah. Yeah, 501 00:26:08,040 --> 00:26:10,960 Speaker 1: but we probably need some sort of a crush before 502 00:26:11,040 --> 00:26:14,640 Speaker 1: the fast started to take the moltary current, the current 503 00:26:14,680 --> 00:26:18,960 Speaker 1: monetary policy seriously before to acting. People just parting in 504 00:26:18,960 --> 00:26:22,840 Speaker 1: the cash, parting the fixed income type of investment. Um. 505 00:26:23,040 --> 00:26:25,680 Speaker 1: Maybe they want to buy some insurance such as bitcoin 506 00:26:26,359 --> 00:26:29,360 Speaker 1: to prevent you know what, I what I see is 507 00:26:29,920 --> 00:26:34,399 Speaker 1: the total collapse of the monetary policy of the FAT 508 00:26:34,960 --> 00:26:37,040 Speaker 1: and this they will be losing a lot of trust 509 00:26:37,440 --> 00:26:40,040 Speaker 1: and and they have to bring a lot of money 510 00:26:40,119 --> 00:26:44,639 Speaker 1: just save what they have done. Yeah, definitely, And you 511 00:26:44,680 --> 00:26:47,960 Speaker 1: know what, I what I see, the faster things fall apart, 512 00:26:48,000 --> 00:26:51,159 Speaker 1: the more they react and overreact, and it's almost like 513 00:26:51,200 --> 00:26:54,239 Speaker 1: they're just doing our marketing for us, just building the 514 00:26:54,359 --> 00:26:57,400 Speaker 1: reasons why we need this. As I said kind of earlier, 515 00:26:57,440 --> 00:27:00,720 Speaker 1: that we only as humans, unfortunately, we only typically act 516 00:27:00,760 --> 00:27:03,160 Speaker 1: when the pain is high enough. Right. The drug addict 517 00:27:03,200 --> 00:27:06,040 Speaker 1: doesn't go to rehab until they hit rock bottom or whatever. 518 00:27:06,280 --> 00:27:08,119 Speaker 1: I don't go see the chiropractor until I throw my 519 00:27:08,119 --> 00:27:10,959 Speaker 1: back out or whatever. But in emerging markets, they know 520 00:27:11,040 --> 00:27:13,440 Speaker 1: why they need it, which is why their first two adopted. 521 00:27:13,680 --> 00:27:15,640 Speaker 1: In the United States, you're going out to a bar 522 00:27:15,720 --> 00:27:18,359 Speaker 1: in Manhattan ordering a fifteen dollar cocktail and you're like, oh, 523 00:27:18,359 --> 00:27:20,320 Speaker 1: why do we need new money? And you just don't 524 00:27:20,320 --> 00:27:23,000 Speaker 1: get it. But they're certainly showing us. If you're just 525 00:27:23,040 --> 00:27:25,440 Speaker 1: tuning in, you're listening to the Mark Moss Show. Of course, 526 00:27:25,440 --> 00:27:28,359 Speaker 1: we talked about the decentralized Revolution. I am in the 527 00:27:28,400 --> 00:27:31,359 Speaker 1: studio with Dr Jeff Ross, Nico from Simply Bitcoin, and 528 00:27:31,480 --> 00:27:35,280 Speaker 1: Louis lou We are talking about bitcoin and the macro picture. 529 00:27:35,560 --> 00:27:37,159 Speaker 1: We got a lot more to cover. We'll be come 530 00:27:37,160 --> 00:27:38,880 Speaker 1: back in a minute. Don't go away, We'll be right back. 531 00:27:39,480 --> 00:27:41,400 Speaker 1: All right, Welcome back. You are listening to the Mark 532 00:27:41,480 --> 00:27:44,560 Speaker 1: Mos Show. We're talking about the decentralized Revolution. We are 533 00:27:44,600 --> 00:27:47,359 Speaker 1: in the studio today with I got three special guests, 534 00:27:47,680 --> 00:27:51,200 Speaker 1: Louis lu Nico from Simply Bitcoin and Dr Jeff Ross. 535 00:27:51,480 --> 00:27:54,119 Speaker 1: We're warming up for the Pacific Bitcoin Conference coming up 536 00:27:54,240 --> 00:27:56,720 Speaker 1: next week. If you don't already have a ticket, check 537 00:27:56,720 --> 00:27:59,760 Speaker 1: it out. Just go on do uh your favorite search engine. 538 00:27:59,760 --> 00:28:02,200 Speaker 1: It's for a Pacific Bitcoin and check it out. We'll 539 00:28:02,240 --> 00:28:05,560 Speaker 1: all be there hanging out. Come see us now, UM 540 00:28:05,600 --> 00:28:09,440 Speaker 1: talking back about this kind of macro picture here and 541 00:28:09,440 --> 00:28:13,720 Speaker 1: and where where a bitcoin fits in? Um? You know, Nico, 542 00:28:13,920 --> 00:28:16,560 Speaker 1: when you look at like um, how the governments have 543 00:28:16,680 --> 00:28:22,080 Speaker 1: responded to printing too much currency, debasing currency? N three. 544 00:28:22,200 --> 00:28:25,919 Speaker 1: They seized gold, um, and then they gave you money 545 00:28:25,960 --> 00:28:28,720 Speaker 1: for it, But then they quickly devalued gold from twenty 546 00:28:28,760 --> 00:28:31,800 Speaker 1: to thirty five bucks, and then you lost even more money. 547 00:28:31,840 --> 00:28:34,560 Speaker 1: But if all my gold was in the bank, I 548 00:28:34,640 --> 00:28:38,320 Speaker 1: got screwed. But if I had a working ranch with 549 00:28:38,360 --> 00:28:41,880 Speaker 1: a hundred thousand head of cattle, didn't really bother me. Right, 550 00:28:42,040 --> 00:28:45,720 Speaker 1: I was out of their game. So if as long 551 00:28:45,760 --> 00:28:48,920 Speaker 1: as we're in their house at their party, then their 552 00:28:48,960 --> 00:28:51,680 Speaker 1: rules can affect us. If we're outside of their house 553 00:28:51,720 --> 00:28:54,440 Speaker 1: at our own party, maybe they don't. In that example 554 00:28:54,440 --> 00:28:57,480 Speaker 1: of the gold, I know you're younger, you have this 555 00:28:57,600 --> 00:29:01,200 Speaker 1: longer viewpoint this this land. But is that maybe a 556 00:29:01,200 --> 00:29:03,280 Speaker 1: way you're looking at it, or or if so, reframe 557 00:29:03,360 --> 00:29:06,920 Speaker 1: that for me. Absolutely. Look, the reality is that we 558 00:29:06,960 --> 00:29:10,480 Speaker 1: are living just like human and human history. We went 559 00:29:10,480 --> 00:29:13,360 Speaker 1: through this separation of church and state. Hopefully this is 560 00:29:13,360 --> 00:29:16,760 Speaker 1: a lot less bloody. Right, we're living through the separation 561 00:29:16,920 --> 00:29:19,760 Speaker 1: of money and state, and the state gets a tremendous 562 00:29:19,800 --> 00:29:23,480 Speaker 1: amount of power from having the monopoly on the issuance 563 00:29:23,520 --> 00:29:26,560 Speaker 1: of money, which everyone else has to work for. Right, 564 00:29:26,600 --> 00:29:30,280 Speaker 1: It's it's crazy how that works. Right now, Bitcoin in 565 00:29:30,320 --> 00:29:33,600 Speaker 1: this equation is for the first time in human history, 566 00:29:33,680 --> 00:29:37,200 Speaker 1: no matter what country you are in, you can memorize 567 00:29:37,240 --> 00:29:40,360 Speaker 1: a twelve word seed phrase, and you could store millions, 568 00:29:40,440 --> 00:29:45,240 Speaker 1: billions or trillions of dollars theoretically in your mind. And 569 00:29:45,280 --> 00:29:48,360 Speaker 1: now all of a sudden, you have the power to 570 00:29:48,640 --> 00:29:50,760 Speaker 1: not only vote with your wallet, but you have the 571 00:29:50,800 --> 00:29:53,880 Speaker 1: power to vote with your feet, right, And that completely 572 00:29:54,000 --> 00:29:59,120 Speaker 1: changes the power or the relationships between individuals and what 573 00:29:59,200 --> 00:30:02,720 Speaker 1: I call the mob, the collective, the government, the state, right, 574 00:30:02,760 --> 00:30:06,760 Speaker 1: And that's the future we're heading into. But the state 575 00:30:06,880 --> 00:30:09,120 Speaker 1: isn't just going to go gently into that good night. 576 00:30:09,240 --> 00:30:12,760 Speaker 1: So what you're seeing, right is you're seeing the social attacks, 577 00:30:12,760 --> 00:30:15,360 Speaker 1: whether that's the attacks on proof of work. Mining. Without 578 00:30:15,400 --> 00:30:18,640 Speaker 1: proof of work, you know, you can corrupt bitcoin. Bitcoin 579 00:30:18,720 --> 00:30:21,200 Speaker 1: is what keeps bitcoin. Uh, proof of work is what 580 00:30:21,280 --> 00:30:24,960 Speaker 1: keeps bitcoin uncorruptible. Right, So you know when Europe they're 581 00:30:24,960 --> 00:30:27,360 Speaker 1: already touting it out, we should ban bitcoin mining, and 582 00:30:27,680 --> 00:30:30,560 Speaker 1: you know the Chinese Communist Party did it in mainland China. 583 00:30:30,920 --> 00:30:32,800 Speaker 1: Uh in New York State, they banned it, you know, 584 00:30:32,880 --> 00:30:37,000 Speaker 1: for environmental reasons. Right, that's bs right, It's all about 585 00:30:37,040 --> 00:30:39,479 Speaker 1: power at the end of the day. And the second attack, 586 00:30:39,520 --> 00:30:41,040 Speaker 1: which I believe is going to be a lot more 587 00:30:41,080 --> 00:30:44,520 Speaker 1: nefarious and definitely more successful if you know, the educators 588 00:30:44,560 --> 00:30:47,120 Speaker 1: don't do the job. Is the right to self custody, 589 00:30:47,120 --> 00:30:48,920 Speaker 1: and that ties in with what you were saying about 590 00:30:48,920 --> 00:30:52,560 Speaker 1: the gold mark. Right if individuals, because this is what 591 00:30:52,600 --> 00:30:57,160 Speaker 1: the bitcoin revolution is about. If enough individuals take their 592 00:30:57,200 --> 00:31:01,640 Speaker 1: bitcoin into self custody, there's absolute reolutely nothing the state 593 00:31:01,680 --> 00:31:05,479 Speaker 1: could do about it. Because the difference between what happened 594 00:31:05,480 --> 00:31:07,840 Speaker 1: with the six one o two order in the nineteen 595 00:31:08,280 --> 00:31:13,200 Speaker 1: nineteen thirties with FDR is that because gold is so heavy, 596 00:31:13,240 --> 00:31:16,840 Speaker 1: it is really hard to custody, right, unless you're gonna 597 00:31:16,840 --> 00:31:19,440 Speaker 1: build a giant safe under your house or you know, 598 00:31:19,520 --> 00:31:21,560 Speaker 1: keep it under your bed. So what most people did 599 00:31:21,640 --> 00:31:25,200 Speaker 1: is they outsourced that responsibility to banks, and it became 600 00:31:25,320 --> 00:31:27,680 Speaker 1: very easy for the government to co opt a handful 601 00:31:27,720 --> 00:31:31,120 Speaker 1: of banks. Right, and if people don't take self custody. 602 00:31:31,240 --> 00:31:33,440 Speaker 1: The same thing is gonna play out. It's gonna be 603 00:31:33,560 --> 00:31:36,760 Speaker 1: very easy for governments to just co opt a couple 604 00:31:36,800 --> 00:31:39,760 Speaker 1: of exchanges six one oh three it maybe it's not 605 00:31:39,800 --> 00:31:42,640 Speaker 1: too maybe it's a six one oh three, and they'll 606 00:31:42,680 --> 00:31:45,360 Speaker 1: just rug poll everybody. They'll hand them, you know, the 607 00:31:45,440 --> 00:31:48,160 Speaker 1: new version of you know, the the new version of 608 00:31:48,600 --> 00:31:51,480 Speaker 1: whatever FIAT they come up with. And the only people 609 00:31:51,560 --> 00:31:53,920 Speaker 1: that we're actually going to be able to hold onto 610 00:31:53,960 --> 00:31:57,880 Speaker 1: their wealth completely are the are the individuals that learned 611 00:31:57,880 --> 00:32:00,440 Speaker 1: how to take how learned how to learn how to 612 00:32:00,520 --> 00:32:04,880 Speaker 1: take self custody. So I hope that answers your question, mark, Yeah, definitely. 613 00:32:04,920 --> 00:32:07,640 Speaker 1: You know, back to kind of this debasement. So as 614 00:32:07,680 --> 00:32:11,680 Speaker 1: the FED creates more money into existence through all the 615 00:32:11,760 --> 00:32:14,800 Speaker 1: policies and tools that they have, um, it devalues the 616 00:32:14,840 --> 00:32:17,520 Speaker 1: existing ones. Right, there's more of them, they're worth less. 617 00:32:17,520 --> 00:32:20,760 Speaker 1: And that's why inflation prices going up is because of 618 00:32:20,760 --> 00:32:23,160 Speaker 1: of that edition of the money supply. Whereas bitcoin, one 619 00:32:23,200 --> 00:32:25,959 Speaker 1: bitcoin is always worth one bitcoin. You can't artificially increase 620 00:32:26,120 --> 00:32:27,920 Speaker 1: increase more. Now when you look at it in a 621 00:32:28,080 --> 00:32:33,280 Speaker 1: US dollar term, because the US dollar number is manipulated, 622 00:32:33,600 --> 00:32:36,520 Speaker 1: it can look like that one Bitcoin gets you less dollars. 623 00:32:36,560 --> 00:32:39,000 Speaker 1: But I think we could see, you know, back to 624 00:32:39,160 --> 00:32:41,920 Speaker 1: kind of our example of Nigeria, for example, where the 625 00:32:41,920 --> 00:32:44,760 Speaker 1: government really starts to impose the central bank digital currency 626 00:32:45,080 --> 00:32:47,480 Speaker 1: and what happens in black markets as you see prices 627 00:32:47,560 --> 00:32:49,880 Speaker 1: all over the board. So maybe you know this bag 628 00:32:49,920 --> 00:32:52,200 Speaker 1: of rice that you want priced in their central bank 629 00:32:52,200 --> 00:32:55,080 Speaker 1: digital currency is one price, but in Bitcoin it's a 630 00:32:55,120 --> 00:32:58,280 Speaker 1: whole different price point. And so you could see Bitcoin 631 00:32:58,400 --> 00:33:02,040 Speaker 1: really kind of starting to build out this parallel ecosystem, 632 00:33:02,120 --> 00:33:05,160 Speaker 1: is parallel economy, and you could see then that price 633 00:33:05,240 --> 00:33:08,400 Speaker 1: of what Bitcoin gets wouldn't be manipulated because it would 634 00:33:08,400 --> 00:33:10,800 Speaker 1: be on its own economy. And that's one way I 635 00:33:10,800 --> 00:33:13,120 Speaker 1: see it really starting to break out. As this plays out, 636 00:33:13,560 --> 00:33:15,880 Speaker 1: I want to jump back over to Dr Jeff Dr 637 00:33:15,960 --> 00:33:18,760 Speaker 1: Jeff Ross here, so um, let's run through just kind 638 00:33:18,760 --> 00:33:21,960 Speaker 1: of like, uh, maybe what your base cases. We're all 639 00:33:22,080 --> 00:33:25,360 Speaker 1: very clear here there's no such thing as certainties. Uh, 640 00:33:25,400 --> 00:33:28,280 Speaker 1: everything is possible, but then we have probabilities. So like 641 00:33:28,440 --> 00:33:31,840 Speaker 1: base case, so do you think, uh if I if I, 642 00:33:31,840 --> 00:33:33,920 Speaker 1: if I read it right from you, maybe Jeff, it's 643 00:33:33,920 --> 00:33:36,760 Speaker 1: like you know, probably you already kind of said the 644 00:33:36,760 --> 00:33:40,640 Speaker 1: economy crashes into three. At some point, the liquidity drives up. 645 00:33:40,760 --> 00:33:42,760 Speaker 1: At some point when the bank sees up, the Feds 646 00:33:42,800 --> 00:33:46,360 Speaker 1: force to pivot. Uh. Just like they've overreacted every time, 647 00:33:46,360 --> 00:33:50,000 Speaker 1: they'll probably overreact again. Probably assets go sky high. Is 648 00:33:50,000 --> 00:33:52,240 Speaker 1: that something that plays out in the next three months, 649 00:33:52,240 --> 00:33:57,240 Speaker 1: twelve months, three years, just a base case obviously, Uh, 650 00:33:57,440 --> 00:33:59,880 Speaker 1: I don't know if if you want to answer that. Sure, Sure, 651 00:34:00,000 --> 00:34:03,760 Speaker 1: obviously I'm just guessing, Like you know, we're all just guessing. 652 00:34:03,800 --> 00:34:05,280 Speaker 1: So take it, take it all with a grain of salt. 653 00:34:05,320 --> 00:34:06,760 Speaker 1: But the way I look at it, I think this 654 00:34:06,840 --> 00:34:09,480 Speaker 1: economic cycle is it looks like it's going to bottom 655 00:34:10,200 --> 00:34:13,880 Speaker 1: um in probably the summer of three, somewhere around that, 656 00:34:13,920 --> 00:34:16,960 Speaker 1: you know, and markets are forward looking, and bitcoin being 657 00:34:17,000 --> 00:34:20,719 Speaker 1: the freest of markets, the truly only capitalist market, it's 658 00:34:20,719 --> 00:34:23,040 Speaker 1: going to see this coming out first. It's gonna sniff 659 00:34:23,560 --> 00:34:25,040 Speaker 1: the light at the end of the tunnel, just like 660 00:34:25,080 --> 00:34:29,239 Speaker 1: it's sniffed trouble under the hood way back in November. Um. So, 661 00:34:29,680 --> 00:34:31,160 Speaker 1: the way I see it is, I think we're going 662 00:34:31,200 --> 00:34:33,319 Speaker 1: to be in the throes of a recession throughout the 663 00:34:33,320 --> 00:34:36,560 Speaker 1: first half of It's gonna get even uglier into the summer. 664 00:34:36,600 --> 00:34:39,680 Speaker 1: But risk assets should bottom somewhere around there. They usually 665 00:34:39,680 --> 00:34:41,799 Speaker 1: bottom kind of in the first half or first third 666 00:34:41,840 --> 00:34:44,040 Speaker 1: of a recession, and then they actually start to come 667 00:34:44,120 --> 00:34:46,480 Speaker 1: up even as the economy continues to kind of struggle 668 00:34:46,480 --> 00:34:49,480 Speaker 1: and grind lower. Um So, I actually think by the 669 00:34:49,600 --> 00:34:52,279 Speaker 1: end of three we're going to be on an up 670 00:34:52,280 --> 00:34:54,479 Speaker 1: slope finally with bitcoin, and then I think that's gonna 671 00:34:54,520 --> 00:34:58,800 Speaker 1: set up for five to be again this massive infusion 672 00:34:58,800 --> 00:35:01,800 Speaker 1: of liquidity QUEI infinity is going to be in full effect. 673 00:35:02,120 --> 00:35:04,239 Speaker 1: Risk assets will do well, and I think Bitcoin is 674 00:35:04,280 --> 00:35:06,440 Speaker 1: going to be the primary beneficiary of that. Very excited 675 00:35:06,480 --> 00:35:10,919 Speaker 1: for Yeah, I'm just gonna add on to the back 676 00:35:10,960 --> 00:35:14,160 Speaker 1: of that, just as our own disclaimer is that we're 677 00:35:14,160 --> 00:35:16,680 Speaker 1: all in in chartered territory. Things are happening so fast, 678 00:35:16,719 --> 00:35:18,399 Speaker 1: we're at a as I said, started out the show, 679 00:35:18,480 --> 00:35:21,480 Speaker 1: the insanity of of somebody telling us what's what's happening, 680 00:35:21,920 --> 00:35:23,359 Speaker 1: and so none of us know, and so really we're 681 00:35:23,440 --> 00:35:25,080 Speaker 1: taking this play by play, and so even though we 682 00:35:25,080 --> 00:35:27,200 Speaker 1: can think, Okay, this is probably what happens, they can 683 00:35:27,239 --> 00:35:29,000 Speaker 1: come out tomorrow just change the whole thing. And so 684 00:35:29,360 --> 00:35:31,319 Speaker 1: really you have to kind of be paying attention to that. 685 00:35:31,680 --> 00:35:33,160 Speaker 1: Um So, I just kinda throw that out, Louis. We 686 00:35:33,280 --> 00:35:36,359 Speaker 1: got just another minute left. What's your thoughts on how 687 00:35:36,400 --> 00:35:38,160 Speaker 1: this plays out over the next you know, year or 688 00:35:38,160 --> 00:35:41,480 Speaker 1: two three years. Yeah, I think bitcoin is still the 689 00:35:41,600 --> 00:35:45,600 Speaker 1: most desirable US you know, during during DOS recession time 690 00:35:45,680 --> 00:35:48,440 Speaker 1: and the market crush and and after that, you know 691 00:35:48,560 --> 00:35:52,600 Speaker 1: that the equity that will pull in from the fat um. 692 00:35:53,160 --> 00:35:55,880 Speaker 1: You know. I think there's so many reasons that you know, 693 00:35:56,440 --> 00:35:58,600 Speaker 1: people should own bitcoin, not just be cost him by 694 00:35:58,640 --> 00:36:02,960 Speaker 1: Corn calling me is bad, um or my Cody column 695 00:36:03,080 --> 00:36:06,319 Speaker 1: is good. I think I think, I think like this, 696 00:36:06,400 --> 00:36:11,680 Speaker 1: like bitcoins is just an insurance against this, you know, um, 697 00:36:12,200 --> 00:36:15,279 Speaker 1: the father reserve, the center banking that has alradio of 698 00:36:15,360 --> 00:36:19,239 Speaker 1: control and you need that kind of insurance to hatch 699 00:36:19,280 --> 00:36:23,240 Speaker 1: against you know what if um, you know, the voluntary 700 00:36:23,280 --> 00:36:26,520 Speaker 1: policy that we used to know collapse and in the 701 00:36:26,880 --> 00:36:29,160 Speaker 1: next couple of years, right, and I think we should 702 00:36:29,160 --> 00:36:32,960 Speaker 1: buy bitcoin to hatchick and stuff that's right by bitcoin. 703 00:36:33,560 --> 00:36:35,560 Speaker 1: You're listening to the Mark Moa show. We're talking about 704 00:36:35,600 --> 00:36:37,680 Speaker 1: the decentralized Revolution. Each and every week, I've been in 705 00:36:37,719 --> 00:36:42,279 Speaker 1: the studio with Dr Jeff Ross. You can find him 706 00:36:42,400 --> 00:36:45,719 Speaker 1: on Twitter at the Doctor at Dr Jeff Roth. We 707 00:36:45,760 --> 00:36:49,239 Speaker 1: got Nico at bit Vault seven at bibill seven, and 708 00:36:49,400 --> 00:36:53,760 Speaker 1: Lewis at Louis H. Lou So check him out on Twitter, 709 00:36:54,280 --> 00:36:55,759 Speaker 1: give him a follow. Like I said, this is a 710 00:36:55,800 --> 00:36:58,600 Speaker 1: warm up to Pacific Bitcoin that's coming up next week 711 00:36:58,680 --> 00:37:00,759 Speaker 1: in Los Angeles. If you don't have a ticket, you 712 00:37:00,760 --> 00:37:03,960 Speaker 1: should get one. Uh. Hopefully this made some sense. Hopefully 713 00:37:03,960 --> 00:37:06,000 Speaker 1: it gives you some clarity, and that's what I got. 714 00:37:06,040 --> 00:37:06,720 Speaker 1: Thanks for listening.