1 00:00:00,080 --> 00:00:02,360 Speaker 1: Hey, everyone, welcome to another episode of The Mark ma 2 00:00:02,560 --> 00:00:05,880 Speaker 1: Show where we're talking about bitcoin. We're talking about cryptocurrencies, 3 00:00:05,920 --> 00:00:09,840 Speaker 1: and we are talking about the decentralized revolution that is happening. 4 00:00:10,600 --> 00:00:14,800 Speaker 1: We're talking about the intersection of politics and money and technology. 5 00:00:14,920 --> 00:00:17,120 Speaker 1: It's pretty exciting. It's an exciting time to be living through. 6 00:00:18,200 --> 00:00:20,439 Speaker 1: It's a it's an exciting time to be paying attention 7 00:00:20,480 --> 00:00:25,160 Speaker 1: to watching because it is evolving so fast. It's rapidly, 8 00:00:25,440 --> 00:00:29,200 Speaker 1: rapidly moving in front of our eyes. Now, you know, 9 00:00:29,280 --> 00:00:31,160 Speaker 1: I don't always talk about the price of bitcoin. I 10 00:00:31,280 --> 00:00:33,159 Speaker 1: like to talk about the price of bitcoin being a 11 00:00:33,240 --> 00:00:36,360 Speaker 1: distraction UM, And so I don't focus a lot on 12 00:00:36,360 --> 00:00:38,600 Speaker 1: the price. And so if you want the price um 13 00:00:38,600 --> 00:00:40,239 Speaker 1: tuning into me each and every week, you know, we'll 14 00:00:40,240 --> 00:00:43,199 Speaker 1: talk about a little bit. But you know, open up 15 00:00:43,200 --> 00:00:45,279 Speaker 1: your phone, open up coin market cap or trading view. 16 00:00:45,320 --> 00:00:47,960 Speaker 1: You can see what the price is UM. But the 17 00:00:48,000 --> 00:00:50,040 Speaker 1: price is really a short term distraction. That's what I 18 00:00:50,080 --> 00:00:51,360 Speaker 1: like to say. I like to call it a bait 19 00:00:51,400 --> 00:00:53,120 Speaker 1: and switch. You come in trying to make a bunch 20 00:00:53,120 --> 00:00:55,840 Speaker 1: of money, and then you realize it's actually the tool 21 00:00:55,960 --> 00:00:58,360 Speaker 1: that we need to get our freedom back, to fix 22 00:00:58,400 --> 00:01:01,800 Speaker 1: the world. But what I say each and every week 23 00:01:01,920 --> 00:01:04,200 Speaker 1: is that instead of focusing on the price, because the 24 00:01:04,240 --> 00:01:07,720 Speaker 1: price is a short term um indicator, what you really 25 00:01:07,720 --> 00:01:09,160 Speaker 1: want to look at when you're looking at it at 26 00:01:09,160 --> 00:01:11,160 Speaker 1: a network, when you look at new technologies, you want 27 00:01:11,160 --> 00:01:13,399 Speaker 1: to look at the growth of the network. That's the 28 00:01:13,520 --> 00:01:16,280 Speaker 1: expansion of the users, and you want to look at 29 00:01:16,319 --> 00:01:19,959 Speaker 1: the development that's happening on the network. And as long 30 00:01:20,000 --> 00:01:21,280 Speaker 1: as those two things are going, then we know the 31 00:01:21,280 --> 00:01:22,920 Speaker 1: price is going to take care of itself. And so 32 00:01:23,280 --> 00:01:25,360 Speaker 1: those are the things I'd rather spend my time focusing on. 33 00:01:25,440 --> 00:01:26,760 Speaker 1: You should as well, And those are things that I 34 00:01:26,760 --> 00:01:31,640 Speaker 1: like to focus on talking about because they're they're rapidly advancing. 35 00:01:31,640 --> 00:01:35,920 Speaker 1: They're changing pretty fast. Now. About the price, I mean, 36 00:01:35,959 --> 00:01:38,360 Speaker 1: you know, the price of bitcoin is down. We we 37 00:01:38,360 --> 00:01:41,640 Speaker 1: were kind of at a high about well about a 38 00:01:41,680 --> 00:01:43,679 Speaker 1: month ago. For the last thirty days or so, we've 39 00:01:43,720 --> 00:01:46,600 Speaker 1: kind of been in this decline. Um, the price is down. 40 00:01:46,680 --> 00:01:49,240 Speaker 1: But to kind of put into perspective, if you zoom out, 41 00:01:50,240 --> 00:01:51,720 Speaker 1: if you're new to bitcoin, I get it, maybe you 42 00:01:51,720 --> 00:01:54,480 Speaker 1: don't understand, but if you zoom out, you'll see that 43 00:01:55,000 --> 00:01:59,400 Speaker 1: a year ago. So if I look real quick, here 44 00:01:59,520 --> 00:02:02,720 Speaker 1: a year ago the price of bitcoin was seventeen thousand dollars. 45 00:02:03,520 --> 00:02:07,040 Speaker 1: Today it's forty eight thousand dollars. So one year ago 46 00:02:07,240 --> 00:02:14,919 Speaker 1: it was seventeen thousand dollars and the year before that 47 00:02:15,280 --> 00:02:18,280 Speaker 1: it was six thousand dollars. So I went from six 48 00:02:18,320 --> 00:02:22,840 Speaker 1: thousand to seventeen thousand to forty eight thousand. Does that 49 00:02:22,880 --> 00:02:26,040 Speaker 1: sound too volatile to you, Well, now, hang on, hang on. 50 00:02:26,360 --> 00:02:29,680 Speaker 1: Volatility works both ways. Volatility means it goes up and down. 51 00:02:29,680 --> 00:02:31,600 Speaker 1: If it wasn't volatile, would be stuck at zero forever. 52 00:02:32,280 --> 00:02:34,080 Speaker 1: I wanted to be volatile. I want to be highly 53 00:02:34,160 --> 00:02:36,120 Speaker 1: volatile because I want to go up really, really high. 54 00:02:36,320 --> 00:02:39,520 Speaker 1: And so two years ago to the day, we were 55 00:02:39,520 --> 00:02:43,520 Speaker 1: in about six thousand. A year ago, seventeen thousand, this 56 00:02:43,600 --> 00:02:45,440 Speaker 1: year forty eight thousand, So that's pretty good. It's a 57 00:02:45,480 --> 00:02:47,560 Speaker 1: pretty good run up. Now. It went from that seventeen 58 00:02:47,560 --> 00:02:49,240 Speaker 1: thousand a year ago, and it went all the way 59 00:02:49,280 --> 00:02:52,000 Speaker 1: up to sixty five thousand, and then it pulled back 60 00:02:52,080 --> 00:02:54,480 Speaker 1: down to thirty thousand, and it stuck for about two months, 61 00:02:54,560 --> 00:02:57,040 Speaker 1: consolidating in the thirty five thousand range, and then it 62 00:02:57,120 --> 00:02:59,160 Speaker 1: ran to seventy thousand, and it's pulled back and it's 63 00:02:59,160 --> 00:03:02,320 Speaker 1: consolidated in the fifty thousand range, So that's what you're 64 00:03:02,320 --> 00:03:05,680 Speaker 1: looking at. Notice how it consolidated at thirty and now 65 00:03:05,680 --> 00:03:08,959 Speaker 1: it's consolidated at fifty. It's a big difference. So don't 66 00:03:08,960 --> 00:03:11,200 Speaker 1: look at the peak, look at where it's consolidated, and 67 00:03:11,200 --> 00:03:13,360 Speaker 1: look at where that support is at. And so I 68 00:03:13,360 --> 00:03:15,320 Speaker 1: really want to look at the lows, the lows of it. 69 00:03:15,440 --> 00:03:17,880 Speaker 1: So and if you're looking at the trading charts, you 70 00:03:17,919 --> 00:03:20,160 Speaker 1: look at the lows. You want to see. You want 71 00:03:20,160 --> 00:03:22,960 Speaker 1: to see higher lows, and that's what we're seeing, higher lows. 72 00:03:23,320 --> 00:03:24,520 Speaker 1: And as a matter of fact, if you look at 73 00:03:24,560 --> 00:03:27,960 Speaker 1: the lowest price point of every single year, for the 74 00:03:28,040 --> 00:03:30,880 Speaker 1: entire history of bitcoin, the lowest price point every single 75 00:03:30,960 --> 00:03:34,000 Speaker 1: year has always been higher except for one year. But 76 00:03:34,240 --> 00:03:36,520 Speaker 1: other than that one year, the lowest point every single 77 00:03:36,600 --> 00:03:39,200 Speaker 1: year has always been higher. And again I just give 78 00:03:39,240 --> 00:03:41,360 Speaker 1: you the last two years, and it's it's been pretty good. 79 00:03:41,480 --> 00:03:43,400 Speaker 1: To focus on that, but really, like I said, let's 80 00:03:43,400 --> 00:03:45,680 Speaker 1: focus on the growth of the network, and let's focus 81 00:03:45,760 --> 00:03:48,320 Speaker 1: on the development on the network. Now, one of the 82 00:03:48,360 --> 00:03:52,720 Speaker 1: things that I hear a lot is um the government's 83 00:03:52,720 --> 00:03:55,440 Speaker 1: going to make it illegal. It's probably it's one of 84 00:03:55,480 --> 00:03:59,080 Speaker 1: the one of the oldest objections and maybe still one 85 00:03:59,120 --> 00:04:02,200 Speaker 1: of the biggest objection, is that I hear and there's 86 00:04:02,240 --> 00:04:04,000 Speaker 1: a there's a hundred and one reasons why I can 87 00:04:04,000 --> 00:04:07,720 Speaker 1: tell you that's kind of a false uh narrative. The 88 00:04:07,720 --> 00:04:09,720 Speaker 1: first thing I would say is that if a billion 89 00:04:09,760 --> 00:04:11,920 Speaker 1: people don't want to be illegal, it ain't going to 90 00:04:12,000 --> 00:04:14,400 Speaker 1: be illegal. That's the first thing i'd say. The first 91 00:04:14,400 --> 00:04:17,599 Speaker 1: thing I'd say is stop being a sheep, and remember 92 00:04:17,640 --> 00:04:19,200 Speaker 1: that the government's supposed to be working for the people, 93 00:04:20,080 --> 00:04:21,560 Speaker 1: and if the people don't want to be illegal, won't 94 00:04:21,600 --> 00:04:24,039 Speaker 1: be illegal. So I hate that defeatist attitude. So don't 95 00:04:24,040 --> 00:04:26,560 Speaker 1: take that. Don't take the defetius attitude. But the thing 96 00:04:26,600 --> 00:04:28,400 Speaker 1: that I really you know, there's a there's another hundred 97 00:04:28,400 --> 00:04:30,440 Speaker 1: reasons why I could say that of why they wouldn't 98 00:04:30,600 --> 00:04:32,640 Speaker 1: want to make it illegal. But one of the things 99 00:04:32,680 --> 00:04:35,800 Speaker 1: that's been pretty cool that I've been watching is the 100 00:04:35,920 --> 00:04:40,479 Speaker 1: level of entrenchment that we've made into the political system. 101 00:04:40,520 --> 00:04:42,880 Speaker 1: And so the politicians make the rules, and really the 102 00:04:42,880 --> 00:04:45,040 Speaker 1: politicians don't even make the rules. It's the lobbyists that 103 00:04:45,080 --> 00:04:47,679 Speaker 1: make the rules. But one thing that's starting to happen 104 00:04:47,800 --> 00:04:50,559 Speaker 1: right now and and it's it's actually kind of funny. 105 00:04:51,080 --> 00:04:56,600 Speaker 1: Is in California we have Congressman Representative Brad Sherman, and 106 00:04:56,640 --> 00:05:01,279 Speaker 1: Brad Sherman is probably probably I would say, the number 107 00:05:01,400 --> 00:05:07,880 Speaker 1: one most outspoken guy against bitcoin and cryptocurrencies. He hates them. 108 00:05:07,920 --> 00:05:11,440 Speaker 1: He has continued to rail on bitcoin and cryptocurrencies for 109 00:05:11,440 --> 00:05:14,760 Speaker 1: the last couple of years. Um. Just I think a 110 00:05:14,760 --> 00:05:16,920 Speaker 1: week or two ago there was some funny videos where 111 00:05:16,920 --> 00:05:19,120 Speaker 1: he said Bitcoin is gonna be taken out by etherium, 112 00:05:19,120 --> 00:05:21,960 Speaker 1: and Ethereum is gonna be taken out by um dodge coin, 113 00:05:22,040 --> 00:05:24,000 Speaker 1: and dodge Coin is gonna be taken out by squirrel coin, 114 00:05:24,040 --> 00:05:26,240 Speaker 1: and squirrel Coin is gonna be taken out by mongoose coin, 115 00:05:26,960 --> 00:05:29,560 Speaker 1: and uh. And then then sure enough there was like 116 00:05:29,560 --> 00:05:32,200 Speaker 1: this mongoose coin cryptocurrency and like took off, like people's 117 00:05:32,240 --> 00:05:34,440 Speaker 1: are buying it. It's kind of funny. But you know, 118 00:05:34,800 --> 00:05:37,080 Speaker 1: one thing that he does have right is he said 119 00:05:37,120 --> 00:05:40,480 Speaker 1: that he said that bitcoin and cryptocurrencies are a threat 120 00:05:40,880 --> 00:05:44,839 Speaker 1: to the to the dollars status in the world, the 121 00:05:44,839 --> 00:05:48,320 Speaker 1: reserve status in the world, and it limits our ability 122 00:05:48,920 --> 00:05:51,160 Speaker 1: the United States, limits to the United States ability to 123 00:05:52,040 --> 00:05:58,520 Speaker 1: impose economic sanctions against countries like Iran, which she does. Right, 124 00:05:58,560 --> 00:06:00,360 Speaker 1: if we don't use the dollar. If I and doesn't 125 00:06:00,440 --> 00:06:02,000 Speaker 1: use the dollar, then what do they care for the 126 00:06:02,120 --> 00:06:05,680 Speaker 1: U S sanctions and with dollars? Right, they don't. But 127 00:06:05,720 --> 00:06:07,520 Speaker 1: I would say that it was almost like a like 128 00:06:07,560 --> 00:06:10,240 Speaker 1: a talking point for Iran because they're like, oh, really, 129 00:06:10,279 --> 00:06:12,560 Speaker 1: well we should probably go adopted then. So anyway, Brad 130 00:06:12,600 --> 00:06:15,240 Speaker 1: Sherman has been probably number one most outspoken guy. Um. 131 00:06:15,279 --> 00:06:19,120 Speaker 1: Of course not not ironically, all of his biggest supporters 132 00:06:19,120 --> 00:06:21,600 Speaker 1: are financial institutions, so just go look at Brad Shermany 133 00:06:21,680 --> 00:06:24,120 Speaker 1: is to report who his sponsors ours and uh, they're 134 00:06:24,120 --> 00:06:26,479 Speaker 1: all financial institutions, so of course no no surprise there. 135 00:06:26,680 --> 00:06:28,800 Speaker 1: But the ironic thing is is that he is being 136 00:06:28,880 --> 00:06:32,960 Speaker 1: challenged this year by someone named Erica Rhodes. And Erica 137 00:06:33,040 --> 00:06:37,560 Speaker 1: Rhodes is running on a pro bitcoin platform and not 138 00:06:37,600 --> 00:06:42,279 Speaker 1: only is she running a pro bitcoin platform for the primary, um, 139 00:06:42,360 --> 00:06:46,200 Speaker 1: she's also accepting bitcoin for her campaign, which is pretty 140 00:06:46,240 --> 00:06:49,640 Speaker 1: cool and it's pretty ironic. And if you're in California, 141 00:06:50,320 --> 00:06:52,320 Speaker 1: go Erica Rhodes. Let's go ahead and vote that in. 142 00:06:52,400 --> 00:06:55,560 Speaker 1: Let's get Brad Sherman, that guy out of office. But 143 00:06:55,680 --> 00:06:58,080 Speaker 1: she's not the only one. We're seeing more and more 144 00:06:58,120 --> 00:07:00,760 Speaker 1: of this happening um as big coin continues to get 145 00:07:00,760 --> 00:07:04,559 Speaker 1: bigger and bigger and bigger, and we're seeing more people 146 00:07:04,560 --> 00:07:07,400 Speaker 1: get into this. There's there's somebody else that that has 147 00:07:07,480 --> 00:07:11,520 Speaker 1: decided to jump in. There's in Ohio, we have someone 148 00:07:11,600 --> 00:07:15,400 Speaker 1: running the US Senate and uh her name is Morgan Harper, 149 00:07:15,720 --> 00:07:19,560 Speaker 1: and she's again running on a pro bitcoin stance. And 150 00:07:19,560 --> 00:07:22,200 Speaker 1: I think these these politicians are realizing that Paul, that 151 00:07:22,240 --> 00:07:23,760 Speaker 1: the bitcoin is big. There's a lot of people that 152 00:07:23,800 --> 00:07:25,200 Speaker 1: believe in it and a lot of people that want it, 153 00:07:25,400 --> 00:07:27,720 Speaker 1: and they're running on this pro bitcoin stands. So we 154 00:07:27,800 --> 00:07:30,960 Speaker 1: have in Ohio Morgan Harper, three year old Senate candidate 155 00:07:31,040 --> 00:07:33,960 Speaker 1: for Ohio. She says, it's one of the greatest problems 156 00:07:33,960 --> 00:07:37,280 Speaker 1: in our society is too much power centralized in too 157 00:07:37,440 --> 00:07:41,800 Speaker 1: few hands, which produces anti competitive effects that entrenched incumbents 158 00:07:41,800 --> 00:07:45,120 Speaker 1: and prevent innovation. That's what Harper said. She wanted to 159 00:07:45,120 --> 00:07:47,600 Speaker 1: say that it shifts power to a select few large 160 00:07:47,600 --> 00:07:49,440 Speaker 1: cities and a few dominant players within each market and 161 00:07:49,480 --> 00:07:53,160 Speaker 1: away from people in states such as Ohio. So if 162 00:07:53,200 --> 00:07:57,320 Speaker 1: you're in Ohio, be looking out for Morgan Harper. And 163 00:07:57,360 --> 00:07:59,560 Speaker 1: we can see this is really picking up a lot 164 00:07:59,600 --> 00:08:03,760 Speaker 1: of steam. It's not just these local races. We can 165 00:08:03,760 --> 00:08:06,840 Speaker 1: see in offices all around the country. We're starting to 166 00:08:06,880 --> 00:08:09,440 Speaker 1: see the same thing where people are running on this. 167 00:08:10,160 --> 00:08:12,560 Speaker 1: We saw in uh we know at least one senator 168 00:08:12,600 --> 00:08:17,480 Speaker 1: for US House representatives have disclosed they bought cryptocurrency last year. Um, 169 00:08:17,520 --> 00:08:21,720 Speaker 1: we've seen uh numbers of these aids, um of the 170 00:08:21,720 --> 00:08:24,840 Speaker 1: aide that helped these people. As a matter of fact, uh, 171 00:08:24,880 --> 00:08:28,680 Speaker 1: the staffers have been buying cryptocurrency like crazy, including the 172 00:08:28,680 --> 00:08:33,040 Speaker 1: staff director for Senate Republican UM minority leader Mitch McConnell. 173 00:08:33,600 --> 00:08:35,920 Speaker 1: His staffer is buying bitcoin, and so of course we 174 00:08:35,960 --> 00:08:38,320 Speaker 1: know he's got his ear. And so we've reached this 175 00:08:38,400 --> 00:08:40,640 Speaker 1: level of entrenchment, and that's what we want to look at. 176 00:08:40,679 --> 00:08:43,120 Speaker 1: We want to look at the growth of the network. 177 00:08:43,160 --> 00:08:47,000 Speaker 1: And now these politicians are literally running on a pro bitcoin, 178 00:08:47,040 --> 00:08:51,320 Speaker 1: pro cryptocurrency stance, which will continue to grow the network. 179 00:08:51,720 --> 00:08:55,480 Speaker 1: But there's even more. As I said, the rest of 180 00:08:55,480 --> 00:08:58,040 Speaker 1: the laws are coming from the financial institutions, and wait 181 00:08:58,120 --> 00:09:01,480 Speaker 1: until you hear what's going on on that front. There 182 00:09:01,679 --> 00:09:06,600 Speaker 1: is literally billions of dollars poised to jump into the 183 00:09:06,600 --> 00:09:09,440 Speaker 1: market now, of course as an investor, as I try 184 00:09:09,520 --> 00:09:11,080 Speaker 1: to feel like a bitcoin as an investment more as 185 00:09:11,080 --> 00:09:13,200 Speaker 1: a saving opportunity. But what we want to do is 186 00:09:13,200 --> 00:09:14,640 Speaker 1: we want to front run. We want to get in 187 00:09:14,640 --> 00:09:16,199 Speaker 1: front of it. So I want to explain to you 188 00:09:16,280 --> 00:09:17,839 Speaker 1: what these billions of dollars sitting on the on the 189 00:09:17,840 --> 00:09:20,680 Speaker 1: sideline ready to come in. You're listening to the Marks Show. 190 00:09:20,679 --> 00:09:23,360 Speaker 1: We're talking about bitcoin, talking about cryptocurrencies, and of course 191 00:09:23,400 --> 00:09:26,160 Speaker 1: talking about the decentralized revolution. We're talking about the growth 192 00:09:26,160 --> 00:09:28,559 Speaker 1: of the network and the development on the network, which 193 00:09:28,559 --> 00:09:30,760 Speaker 1: are the two things gonna be paying attention to. Don't go, 194 00:09:30,960 --> 00:09:33,360 Speaker 1: I'll be right back everyone. Welcome back. You're listening to 195 00:09:33,400 --> 00:09:36,280 Speaker 1: the Markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, 196 00:09:36,280 --> 00:09:41,199 Speaker 1: and we're talking about the decentralized revolution that is revolutionizing 197 00:09:41,240 --> 00:09:44,679 Speaker 1: the world. Now before the break, we're talking about um, 198 00:09:44,760 --> 00:09:46,640 Speaker 1: some things that I talk about on a regular basis, 199 00:09:46,720 --> 00:09:50,040 Speaker 1: which is when we're looking at new technologies such as cryptocurrencies, 200 00:09:50,640 --> 00:09:52,600 Speaker 1: we don't want to look at the price. The price 201 00:09:52,600 --> 00:09:55,199 Speaker 1: doesn't really tell us much. It's not the signal that 202 00:09:55,240 --> 00:09:58,240 Speaker 1: we're looking for. The signal that we're looking for is 203 00:09:58,280 --> 00:10:00,800 Speaker 1: the development on the network, or to say, the growth 204 00:10:00,840 --> 00:10:02,920 Speaker 1: of the network, how fast the network is growing, and 205 00:10:02,960 --> 00:10:05,160 Speaker 1: the development that's being done on the network. Those are 206 00:10:05,160 --> 00:10:07,360 Speaker 1: the two things that are important. If I was going 207 00:10:07,400 --> 00:10:09,520 Speaker 1: to use an example like Uber, which is a great example, 208 00:10:09,520 --> 00:10:12,200 Speaker 1: I used it quite often. Um, you know when you 209 00:10:12,200 --> 00:10:16,120 Speaker 1: were looking at Uber. Now, first off, Uber was private 210 00:10:16,160 --> 00:10:17,599 Speaker 1: for like ten years. You didn't really see what the 211 00:10:17,640 --> 00:10:19,880 Speaker 1: price of the stock was on a regular basis. But 212 00:10:20,000 --> 00:10:22,840 Speaker 1: imagine if you did so Uber. You know, Uber moved 213 00:10:22,840 --> 00:10:25,840 Speaker 1: into San Francisco and the price of the stock goes up, 214 00:10:25,880 --> 00:10:28,960 Speaker 1: and then oh, nope, the city of San Francisco shu's 215 00:10:29,000 --> 00:10:30,839 Speaker 1: Uber and now it's banned, and then the price drops 216 00:10:30,880 --> 00:10:33,000 Speaker 1: and then oh they moved into Austin and then it's banned, 217 00:10:33,040 --> 00:10:34,600 Speaker 1: and like it would be up and down, up and down, 218 00:10:34,640 --> 00:10:36,520 Speaker 1: but it but it didn't. You didn't have the price 219 00:10:36,559 --> 00:10:39,040 Speaker 1: of it for the first ten years. What you were 220 00:10:39,080 --> 00:10:41,760 Speaker 1: looking at and even still today on most tech stocks, 221 00:10:41,760 --> 00:10:43,640 Speaker 1: you're not looking at the price of the stock. What 222 00:10:43,720 --> 00:10:46,360 Speaker 1: you're looking at is the growth. And they're really most 223 00:10:46,400 --> 00:10:49,120 Speaker 1: of these tech companies are sacrificing profits to grow. They're 224 00:10:49,120 --> 00:10:51,000 Speaker 1: trying to grow the network as fast as they can, 225 00:10:51,040 --> 00:10:53,280 Speaker 1: so in Uber's case, we couldn't see the price, but 226 00:10:53,320 --> 00:10:55,440 Speaker 1: we were looking at us how fast were they expanding, 227 00:10:55,480 --> 00:10:58,160 Speaker 1: how many markets were they opening up, and that we're 228 00:10:58,160 --> 00:11:00,200 Speaker 1: looking at how many markets were being open up, how 229 00:11:00,240 --> 00:11:02,760 Speaker 1: many users were using it. And then the second thing 230 00:11:02,800 --> 00:11:06,080 Speaker 1: was the development, adding on Uber Eats and adding on 231 00:11:06,160 --> 00:11:08,280 Speaker 1: things like that, um the new apps and the upgrades 232 00:11:08,280 --> 00:11:10,120 Speaker 1: of the rideshare and then the black cars and all 233 00:11:10,120 --> 00:11:12,240 Speaker 1: those things. So we're looking at the growth and we're 234 00:11:12,280 --> 00:11:14,520 Speaker 1: looking at the development, and that's how you want to 235 00:11:14,520 --> 00:11:16,160 Speaker 1: look at technology, and that's the things we should be 236 00:11:16,200 --> 00:11:18,600 Speaker 1: focused on in the bitcoin of cryptocurrency space. And so 237 00:11:18,840 --> 00:11:21,520 Speaker 1: I was talking about the h the how how we're 238 00:11:21,520 --> 00:11:25,199 Speaker 1: starting to see a lot more lawmakers, Republicans or should 239 00:11:25,200 --> 00:11:29,480 Speaker 1: say senators and congress people taking taking taking it not 240 00:11:29,559 --> 00:11:33,559 Speaker 1: only for campaign on contributions, but also running on these platforms. 241 00:11:34,400 --> 00:11:36,640 Speaker 1: I'll throw out one more time back to Erica Rhodes 242 00:11:36,679 --> 00:11:39,160 Speaker 1: running in California, trying to replace Brad Sherman. If you're 243 00:11:39,160 --> 00:11:43,440 Speaker 1: in California, definitely take a look at her UM. But 244 00:11:43,600 --> 00:11:45,440 Speaker 1: then something else that I want to talk about, which 245 00:11:45,480 --> 00:11:48,360 Speaker 1: is the growth of the network and the development of 246 00:11:48,360 --> 00:11:52,120 Speaker 1: the network, is that there is massive amounts of money 247 00:11:52,240 --> 00:11:54,880 Speaker 1: sitting on the sideline ready to come in. And this 248 00:11:54,960 --> 00:11:59,959 Speaker 1: is one thing that's that's incredibly bullish for me to watch. Now, 249 00:12:00,440 --> 00:12:04,080 Speaker 1: last year a company called night digg it's n y 250 00:12:04,160 --> 00:12:07,720 Speaker 1: d i G nighted came into game and and basically 251 00:12:07,840 --> 00:12:12,079 Speaker 1: change the entire game. Now. Nightigg Um does like a 252 00:12:12,240 --> 00:12:17,240 Speaker 1: back office services for banks, and they announced actually, you know, 253 00:12:17,240 --> 00:12:19,000 Speaker 1: it was this year, earlier this year, maybe like March 254 00:12:19,000 --> 00:12:21,079 Speaker 1: of this year, and they announced that they were going 255 00:12:21,120 --> 00:12:25,559 Speaker 1: to help banks um be able to buy, sell, and 256 00:12:25,760 --> 00:12:28,959 Speaker 1: store bitcoin inside their bank checking accounts customers. And it's 257 00:12:28,960 --> 00:12:33,800 Speaker 1: about three hundred banks that service, like three hundred million 258 00:12:34,120 --> 00:12:37,440 Speaker 1: checking accounts, and that was pretty big. That was massive. 259 00:12:37,480 --> 00:12:39,679 Speaker 1: And so nightg came with this big old splash and 260 00:12:39,679 --> 00:12:42,520 Speaker 1: and so far it's it's been happening. We've seen several 261 00:12:42,559 --> 00:12:45,040 Speaker 1: banks I've been I've been researched or been talking about this. 262 00:12:45,120 --> 00:12:46,520 Speaker 1: We saw a U. S Bank I think it's like 263 00:12:46,559 --> 00:12:48,559 Speaker 1: the fifth largest bank in the United States has opened 264 00:12:48,559 --> 00:12:53,880 Speaker 1: that up. But recently nightigg has been continuing to raise eyebrows, 265 00:12:53,880 --> 00:12:57,720 Speaker 1: continuing to grow, and they're they're big, they're a big, 266 00:12:57,720 --> 00:13:02,160 Speaker 1: big financial services company. And this week they went into 267 00:13:02,320 --> 00:13:05,400 Speaker 1: a money raising round to go raise more money to 268 00:13:05,440 --> 00:13:09,800 Speaker 1: continue growing, and they had this funding round led by 269 00:13:09,840 --> 00:13:15,360 Speaker 1: a company called Westcap. West Cap is a giant venture 270 00:13:15,400 --> 00:13:19,280 Speaker 1: firm that helps these companies raise money, and Westcap led 271 00:13:19,400 --> 00:13:23,880 Speaker 1: Nightigg into what is probably the largest funding round in 272 00:13:23,960 --> 00:13:27,760 Speaker 1: the history of bitcoin, the largest funding we've ever seen. 273 00:13:28,200 --> 00:13:32,760 Speaker 1: Nightigg raised one billion dollars in a funding round led 274 00:13:32,760 --> 00:13:35,960 Speaker 1: by growth equity from Westcap, valuing the company at a 275 00:13:36,000 --> 00:13:41,080 Speaker 1: whopping seven billion dollars, which is massive A billion dollars 276 00:13:41,120 --> 00:13:46,080 Speaker 1: raised for a seven bill valuation. Best venture partners Fintech 277 00:13:46,120 --> 00:13:48,760 Speaker 1: Collective participated in the round, helping finance the bitcoin services 278 00:13:48,800 --> 00:13:53,640 Speaker 1: providers expansion and growth. Existing investors a firm mass Mutual. 279 00:13:54,200 --> 00:13:56,040 Speaker 1: By the way, mass Mutual is one of the oldest 280 00:13:56,120 --> 00:13:58,599 Speaker 1: insurance companies the United States. Morgan Stanley, one of the 281 00:13:58,640 --> 00:14:02,719 Speaker 1: biggest um financial service companies the United States, and New 282 00:14:02,760 --> 00:14:08,520 Speaker 1: York Life Insurance Company also joined mass Mutual. Now, a 283 00:14:08,520 --> 00:14:11,520 Speaker 1: lot of boomers don't understand bitcoin. It's too it's as 284 00:14:11,600 --> 00:14:14,160 Speaker 1: old technology, right Like, I'm sorry, I'm too old to 285 00:14:14,200 --> 00:14:18,840 Speaker 1: understand technology. I'll just buy gold Well mass Mutual. Mass 286 00:14:18,920 --> 00:14:22,200 Speaker 1: Mutual is the oldest UH insurance coming United states that 287 00:14:22,240 --> 00:14:24,720 Speaker 1: they're over a hundred years old. They get it. They 288 00:14:24,760 --> 00:14:28,040 Speaker 1: get it. Mass Mutual Morgan Stanley in New New York Life. 289 00:14:28,080 --> 00:14:29,880 Speaker 1: The one thing that I like to see about these 290 00:14:29,920 --> 00:14:32,160 Speaker 1: things is that you know, I've been been been a 291 00:14:32,280 --> 00:14:36,000 Speaker 1: full time you know, professional career investor from from my 292 00:14:36,000 --> 00:14:38,200 Speaker 1: my whole career. Invested in a lot of deals. I 293 00:14:38,240 --> 00:14:39,840 Speaker 1: invested into a lot of like private deals, a lot 294 00:14:39,880 --> 00:14:43,160 Speaker 1: of early stage venture pre I p O deals, and 295 00:14:43,320 --> 00:14:45,800 Speaker 1: um I invested into these types of deals across you know, 296 00:14:45,880 --> 00:14:50,960 Speaker 1: multiple different disciplines or different asset classes. And I can't 297 00:14:51,000 --> 00:14:52,600 Speaker 1: know about all these I can't be an expert in 298 00:14:52,640 --> 00:14:54,120 Speaker 1: all these and so what I do is I look 299 00:14:54,200 --> 00:14:57,200 Speaker 1: to see who else is in on the deal, who 300 00:14:57,200 --> 00:15:00,320 Speaker 1: else is there? And I never ever ever want to 301 00:15:00,360 --> 00:15:02,680 Speaker 1: be the smartest guy in the deal. What I want 302 00:15:02,720 --> 00:15:05,240 Speaker 1: is I want to see someone really, really big, someone 303 00:15:05,320 --> 00:15:07,360 Speaker 1: really smart in the deal, because what it does is like, 304 00:15:07,400 --> 00:15:11,000 Speaker 1: well if they got them convinced, then um, it should 305 00:15:11,040 --> 00:15:13,360 Speaker 1: be pretty good for me. So what these typically companies 306 00:15:13,360 --> 00:15:14,520 Speaker 1: typically want to do is they want to get like 307 00:15:14,560 --> 00:15:16,840 Speaker 1: this lead investor to kind of lead the deal. And 308 00:15:16,880 --> 00:15:18,600 Speaker 1: so when I want, you know, so for a lot 309 00:15:18,640 --> 00:15:21,680 Speaker 1: of you that may be listening, going, ah, come on, Mark, 310 00:15:22,080 --> 00:15:24,360 Speaker 1: Bitcoin is a scam. Bitcoin is never gonna work, Bitcoin 311 00:15:24,440 --> 00:15:26,680 Speaker 1: is gonna be illegal, Bitcoin is gonna be whatever. Fill 312 00:15:26,720 --> 00:15:29,320 Speaker 1: in the blank. What I would say is sure anything 313 00:15:29,440 --> 00:15:31,480 Speaker 1: is probable. I mean it, it has it has a 314 00:15:31,560 --> 00:15:34,600 Speaker 1: greater than zero percent chance of probability. That's that's true. 315 00:15:35,560 --> 00:15:37,320 Speaker 1: But I would just ask yourself, are you smarter than 316 00:15:37,360 --> 00:15:41,880 Speaker 1: Mass Mutual and Morgan Stanley in New York Life, because uh, 317 00:15:42,040 --> 00:15:44,680 Speaker 1: I'm not. I'm certainly not. And so when you see 318 00:15:44,760 --> 00:15:47,800 Speaker 1: that Mass Mutual Morgan Stanle the New York Life are 319 00:15:47,800 --> 00:15:50,880 Speaker 1: in on deals that that should tell you something. I 320 00:15:50,880 --> 00:15:54,960 Speaker 1: should just tell you something. And so um maybe maybe 321 00:15:55,040 --> 00:15:58,440 Speaker 1: maybe it's maybe you were going from a hundred percent skeptical, 322 00:15:58,560 --> 00:16:01,360 Speaker 1: like a hundred percent like there's no way I give 323 00:16:01,360 --> 00:16:04,360 Speaker 1: the zero percent chance to maybe go on, we'll shoot 324 00:16:04,400 --> 00:16:06,200 Speaker 1: if those guys are in, maybe I give it a 325 00:16:07,640 --> 00:16:09,960 Speaker 1: chance of making it then, right, I still think it's 326 00:16:09,960 --> 00:16:12,160 Speaker 1: an eight percent chance of failure, but maybe maybe there's 327 00:16:12,160 --> 00:16:15,280 Speaker 1: twenty percent chance of succeeds. Maybe it's whatever that number 328 00:16:15,320 --> 00:16:18,120 Speaker 1: is for you, But it would be hard for you, 329 00:16:18,200 --> 00:16:20,480 Speaker 1: anybody to make a case that there's a hundred percent 330 00:16:20,640 --> 00:16:22,000 Speaker 1: chance I mean, you just can't and just like I 331 00:16:22,040 --> 00:16:24,960 Speaker 1: can't get a chance to succeeds UM. But you have 332 00:16:24,960 --> 00:16:27,760 Speaker 1: to figure out where you're on that scale. But the 333 00:16:27,800 --> 00:16:30,680 Speaker 1: fact is is that Nightigg was able to leverage the 334 00:16:31,160 --> 00:16:37,320 Speaker 1: biggest rays ever for the bitcoin industry and UM. Basically, 335 00:16:37,600 --> 00:16:42,280 Speaker 1: this just shows how much demand there is for these 336 00:16:42,320 --> 00:16:45,440 Speaker 1: companies to get in. UM, says Nightgg plays a unique 337 00:16:45,520 --> 00:16:47,720 Speaker 1: role in the industry, empowering companies of all types to 338 00:16:47,760 --> 00:16:51,000 Speaker 1: incorporate bitcoin in they secure in compliant way. So, like 339 00:16:51,040 --> 00:16:52,600 Speaker 1: I said, they're working with the banks to do this. 340 00:16:52,720 --> 00:16:56,280 Speaker 1: They also announced that they have enabled the Houston Rockets 341 00:16:56,280 --> 00:17:00,440 Speaker 1: to integrate bitcoin services UM in the first US public 342 00:17:00,560 --> 00:17:05,160 Speaker 1: pension fund to invest into bitcoin. Other recent partnerships include 343 00:17:05,160 --> 00:17:09,520 Speaker 1: digital banking platform Q two UM. And so it's happening, 344 00:17:09,600 --> 00:17:14,440 Speaker 1: It's happening really really fast. It's definitely has UM better 345 00:17:14,480 --> 00:17:17,560 Speaker 1: than a zero percent chance of failure. And so figure 346 00:17:17,600 --> 00:17:19,560 Speaker 1: out where you're on that spectrum. Now, how do you 347 00:17:19,600 --> 00:17:21,840 Speaker 1: manage your risk? Well, do you think it has a 348 00:17:21,880 --> 00:17:24,960 Speaker 1: one percent chance of success? Okay, Well, then do you 349 00:17:24,960 --> 00:17:26,800 Speaker 1: have one percent of your portfolio allocated to it? Do 350 00:17:26,800 --> 00:17:29,520 Speaker 1: you think it has a five percent chance of success? Well, 351 00:17:29,520 --> 00:17:31,920 Speaker 1: then maybe you should have a five percent allocation. Where 352 00:17:31,960 --> 00:17:34,920 Speaker 1: do you sit on that scale, and then that should 353 00:17:34,960 --> 00:17:39,720 Speaker 1: determine what your allocations are towards that UM. If you're 354 00:17:39,720 --> 00:17:41,280 Speaker 1: just tuning in, you listening to the markma Show, we're 355 00:17:41,280 --> 00:17:43,919 Speaker 1: talking about bitcoin, We're talking about cryptocurrencies. We're talking about 356 00:17:44,000 --> 00:17:47,960 Speaker 1: the decentralized revolution that's happening. Of course, we're talking about 357 00:17:48,160 --> 00:17:51,800 Speaker 1: some of the development that's happening on the network right now, 358 00:17:51,920 --> 00:17:54,920 Speaker 1: some of the growth. We're talking about the massive amounts 359 00:17:54,920 --> 00:17:57,119 Speaker 1: of money that are coming into space. A billion dollars 360 00:17:57,160 --> 00:17:59,320 Speaker 1: was just raised by night Egg, by some of the 361 00:17:59,359 --> 00:18:01,679 Speaker 1: smartest money in the space to get into bitcoin. And 362 00:18:01,720 --> 00:18:05,480 Speaker 1: where are you at? Are you in? UM? When I 363 00:18:05,480 --> 00:18:07,760 Speaker 1: come back, I'm gonna give you even more about what's growing. 364 00:18:07,800 --> 00:18:10,040 Speaker 1: So don't go away, all right, Welcome back. You are 365 00:18:10,040 --> 00:18:12,119 Speaker 1: listening to the Mark Moa Show, and we are talking 366 00:18:12,160 --> 00:18:15,680 Speaker 1: about bitcoin. Of course, each and every week we're talking 367 00:18:15,720 --> 00:18:18,480 Speaker 1: about bitcoinen, We're talking about cryptocurrencies. We are talking about 368 00:18:18,520 --> 00:18:21,840 Speaker 1: this decentralized revolution that we are all living through, we're 369 00:18:21,840 --> 00:18:26,320 Speaker 1: all witnessing right now. I think if you just take 370 00:18:26,359 --> 00:18:29,760 Speaker 1: a second just to think about how fortunate we are 371 00:18:29,840 --> 00:18:31,480 Speaker 1: to be living through this time. Now, I get it. 372 00:18:31,520 --> 00:18:35,440 Speaker 1: The world's scary, it's dark, it's dangerous, it's changing rapidly. 373 00:18:36,160 --> 00:18:39,959 Speaker 1: Um planning to be afraid of, planning to be unhappy 374 00:18:40,000 --> 00:18:42,440 Speaker 1: about the way things are evolving. But at the same time, 375 00:18:42,440 --> 00:18:45,680 Speaker 1: it's also pretty amazing. We're witnessing some really big things. 376 00:18:45,680 --> 00:18:50,320 Speaker 1: We're we're witnessing some monumental periods in time that history 377 00:18:50,359 --> 00:18:53,600 Speaker 1: books will be written about. And that is the invention 378 00:18:53,600 --> 00:18:56,679 Speaker 1: of this new technological revolution that's happening, what bitcoin is 379 00:18:56,760 --> 00:19:00,280 Speaker 1: doing now, we're we're talking about some some new that's 380 00:19:00,280 --> 00:19:02,560 Speaker 1: been happening recently. I typically don't like to talk about 381 00:19:02,560 --> 00:19:03,960 Speaker 1: the price of bitcoin as much as I like to 382 00:19:03,960 --> 00:19:06,000 Speaker 1: talk about the development on the network and the growth 383 00:19:06,000 --> 00:19:08,480 Speaker 1: of the network. Um. And you know, we were talking 384 00:19:08,480 --> 00:19:10,160 Speaker 1: about earlier though, I was talking about how the price 385 00:19:10,240 --> 00:19:12,680 Speaker 1: is kind of down, but it's consolidated at a higher level. 386 00:19:12,720 --> 00:19:14,920 Speaker 1: So it had consolidated at thirty a few months ago, 387 00:19:15,160 --> 00:19:18,399 Speaker 1: now it's consolidated at fifty. That's that's pretty positive progress 388 00:19:18,400 --> 00:19:22,760 Speaker 1: in my mind. But we've had some recent catalyst that 389 00:19:22,840 --> 00:19:25,680 Speaker 1: seemed to be propping bitcoin up, and it's coming from 390 00:19:25,680 --> 00:19:27,920 Speaker 1: an unlikely place. So while a lot of people are 391 00:19:27,960 --> 00:19:30,560 Speaker 1: worried about what the Federal Reserve may due to bitcoin. 392 00:19:31,040 --> 00:19:33,919 Speaker 1: It looks like Federal Reserve might actually be trying to 393 00:19:34,440 --> 00:19:37,520 Speaker 1: help out the market. And what do I mean by that, Well, 394 00:19:37,840 --> 00:19:39,280 Speaker 1: there was an article that came out this week on 395 00:19:39,359 --> 00:19:43,399 Speaker 1: Yeah Who Finance talks about how the Fed um speeding 396 00:19:43,480 --> 00:19:46,920 Speaker 1: up the stimulus withdraw is actually pushing the price of 397 00:19:47,000 --> 00:19:49,640 Speaker 1: bitcoin up. And so what do I mean by that, Well, 398 00:19:50,520 --> 00:19:52,919 Speaker 1: you may have heard by now that we have massive 399 00:19:52,920 --> 00:19:54,480 Speaker 1: inflation on our hands. You might have heard of that. 400 00:19:54,880 --> 00:19:57,439 Speaker 1: You might have noticed that it cost way more to 401 00:19:57,520 --> 00:19:59,600 Speaker 1: fill up your tank with gas, or to fill up 402 00:19:59,640 --> 00:20:01,760 Speaker 1: your bass it with groceries at the store, or to 403 00:20:01,760 --> 00:20:03,399 Speaker 1: buy a house for the center, kids to college, or 404 00:20:03,440 --> 00:20:05,760 Speaker 1: whatever you you may need to spend money on. You 405 00:20:05,840 --> 00:20:08,320 Speaker 1: probably realize it's much higher. And so last week the 406 00:20:08,400 --> 00:20:10,600 Speaker 1: Fed put out their numbers and we saw that the 407 00:20:10,680 --> 00:20:13,240 Speaker 1: inflation number they give to a c p I, which 408 00:20:13,280 --> 00:20:17,720 Speaker 1: is actually cp LIE. CPI is the consumer price Index 409 00:20:18,200 --> 00:20:20,280 Speaker 1: UM and so basically they take into the basket of goods. 410 00:20:20,280 --> 00:20:22,200 Speaker 1: So let's say that you go to the grocery store 411 00:20:22,200 --> 00:20:24,399 Speaker 1: and you buy, you know, a steak, you buy a 412 00:20:24,400 --> 00:20:26,159 Speaker 1: gallon of milk, you buy a thing of cheese. You 413 00:20:26,200 --> 00:20:28,199 Speaker 1: buy a cart and get eggs and you and you 414 00:20:28,240 --> 00:20:30,680 Speaker 1: see how much that costs, and then you track that 415 00:20:30,760 --> 00:20:33,440 Speaker 1: same basket over time, and then you see what the 416 00:20:33,520 --> 00:20:37,000 Speaker 1: changes in those prices are the problem with cp I 417 00:20:37,440 --> 00:20:40,639 Speaker 1: is consumer Price Index is that the government changes the 418 00:20:40,680 --> 00:20:43,879 Speaker 1: basket on us all the time to show whatever numbers 419 00:20:43,920 --> 00:20:47,200 Speaker 1: they want. So, for example, in the in the basket 420 00:20:47,200 --> 00:20:48,960 Speaker 1: that they show us right now, the six point eight number, 421 00:20:49,240 --> 00:20:54,600 Speaker 1: they exclude food and energy. Well that's pretty interesting because 422 00:20:54,600 --> 00:20:55,959 Speaker 1: food and energy are the ones that have gone up 423 00:20:55,960 --> 00:20:58,800 Speaker 1: the most and they're the most important to us. You 424 00:20:58,840 --> 00:21:01,960 Speaker 1: can't live without food, you can't live without energy. Now, 425 00:21:01,960 --> 00:21:04,639 Speaker 1: if they want to include the price of t vs, 426 00:21:04,920 --> 00:21:07,000 Speaker 1: I'll share TVs have come down. That looks cool, But 427 00:21:07,320 --> 00:21:08,840 Speaker 1: food and energy are the things that we need, and 428 00:21:08,880 --> 00:21:11,000 Speaker 1: so they don't count those things. So they're constantly changing 429 00:21:11,040 --> 00:21:12,959 Speaker 1: the rules of how they how they measure that basket, 430 00:21:13,000 --> 00:21:16,160 Speaker 1: which is why I call it cp LIE. And they're 431 00:21:16,160 --> 00:21:18,000 Speaker 1: really changing that basket because they're trying to push their 432 00:21:18,040 --> 00:21:20,520 Speaker 1: narrative right. They don't want inflation to go too high 433 00:21:20,560 --> 00:21:22,280 Speaker 1: for a couple of reasons. I think the main two 434 00:21:22,359 --> 00:21:25,199 Speaker 1: reasons would be one, if they show that some that 435 00:21:25,240 --> 00:21:29,600 Speaker 1: the inflation numbers higher, one, they are going to have 436 00:21:29,680 --> 00:21:33,399 Speaker 1: a harder time to print more money. Right. What the 437 00:21:33,400 --> 00:21:35,480 Speaker 1: fight can say is we're not getting enough inflation. We 438 00:21:35,520 --> 00:21:38,440 Speaker 1: need more inflation. We need to print more money. That's 439 00:21:38,480 --> 00:21:40,840 Speaker 1: one we're gonna talk about that. The second one, though, 440 00:21:40,960 --> 00:21:45,040 Speaker 1: is that they if the CPI numbers going higher, that 441 00:21:45,080 --> 00:21:47,439 Speaker 1: means the cost of living is going higher. If the 442 00:21:47,480 --> 00:21:50,160 Speaker 1: cost of living goes higher, that means everybody on Social 443 00:21:50,200 --> 00:21:54,840 Speaker 1: Security and entitlements needs to get paid more money. And 444 00:21:55,280 --> 00:21:58,480 Speaker 1: the unfunded liabilities, so that's the money the government knows 445 00:21:58,520 --> 00:22:00,800 Speaker 1: for for Medicare and so he reading and things like that, 446 00:22:01,080 --> 00:22:05,480 Speaker 1: is about two hundred trillion dollars. Now, to put that 447 00:22:05,520 --> 00:22:08,040 Speaker 1: into perspective, and we threw around these big numbers all 448 00:22:08,040 --> 00:22:09,879 Speaker 1: the time. To put that into perspective. You know, the 449 00:22:09,920 --> 00:22:12,080 Speaker 1: debt of the United States is just under thirty trillion, 450 00:22:12,200 --> 00:22:15,080 Speaker 1: So there's two hundred trillion of unfunded liabilities. And so 451 00:22:15,240 --> 00:22:18,240 Speaker 1: if the CPI number goes higher, then they have to 452 00:22:18,280 --> 00:22:20,800 Speaker 1: pay out more money. But it's gonna be hard because 453 00:22:20,800 --> 00:22:23,600 Speaker 1: they're already so deep in debt. But the one I 454 00:22:23,600 --> 00:22:26,119 Speaker 1: want to talk about today is um they need to 455 00:22:26,119 --> 00:22:28,359 Speaker 1: continue to stimulate the markets. They have to continue to 456 00:22:28,359 --> 00:22:30,520 Speaker 1: pump money into the markets because it's the basically a 457 00:22:30,520 --> 00:22:34,639 Speaker 1: giant Ponzi scheme the markets if they stop putting money in. 458 00:22:34,680 --> 00:22:38,800 Speaker 1: So right now they're putting money in through stimulus, and 459 00:22:38,840 --> 00:22:41,600 Speaker 1: so they're putting about. They've been putting about a hundred 460 00:22:41,640 --> 00:22:44,520 Speaker 1: and twenty billion dollars a month into the markets to 461 00:22:44,600 --> 00:22:48,240 Speaker 1: keep the markets from crashing. And they've degree they've decided 462 00:22:48,240 --> 00:22:50,200 Speaker 1: to go ahead and taper. That means they're gonna put 463 00:22:50,280 --> 00:22:52,560 Speaker 1: less money and they've agreed to put in fifteen billion 464 00:22:52,840 --> 00:22:55,200 Speaker 1: less than normal on a monthly basis, and they're also 465 00:22:55,240 --> 00:22:58,640 Speaker 1: talking about raising rates. If they raise interest rates, they 466 00:22:58,640 --> 00:23:03,000 Speaker 1: could try to slow that inflation down. The problem is 467 00:23:03,040 --> 00:23:05,720 Speaker 1: that you can't taper a ponzi and so the market's 468 00:23:05,760 --> 00:23:08,159 Speaker 1: only staying up and only going up because they continue 469 00:23:08,160 --> 00:23:10,200 Speaker 1: to put so much money in. But as soon as 470 00:23:10,240 --> 00:23:13,639 Speaker 1: they pull back and stop putting money in, guess what 471 00:23:13,720 --> 00:23:16,480 Speaker 1: happens the market crashes. Now we know this to be 472 00:23:16,520 --> 00:23:19,040 Speaker 1: true because when they try to do this before in 473 00:23:19,880 --> 00:23:23,120 Speaker 1: the markets crashed, and so they're stuck in this very 474 00:23:23,160 --> 00:23:28,040 Speaker 1: difficult situation. However, the inflation is raging so high that 475 00:23:28,960 --> 00:23:31,719 Speaker 1: they have to do something. The people are demanding it. 476 00:23:32,080 --> 00:23:35,240 Speaker 1: We have we have you know, President Biden is now 477 00:23:35,600 --> 00:23:37,880 Speaker 1: um calling the FTC and the gas companies to find 478 00:23:37,880 --> 00:23:40,320 Speaker 1: out why they're charging so much for gas. We have 479 00:23:40,320 --> 00:23:42,920 Speaker 1: Elizabeth Warren and she's uh, she wants to look into 480 00:23:42,920 --> 00:23:45,600 Speaker 1: why turkeys are so expensive and why meat is so expensive. 481 00:23:45,640 --> 00:23:49,000 Speaker 1: And it must be these greedy businesses, or they could 482 00:23:49,000 --> 00:23:50,920 Speaker 1: just look at themselves in their monetary policy that they've 483 00:23:50,920 --> 00:23:52,760 Speaker 1: taken off. But they've got to do something right. And 484 00:23:52,800 --> 00:23:55,600 Speaker 1: so everybody's watching the Federal Reserve and the central banks 485 00:23:56,040 --> 00:23:58,880 Speaker 1: and UM. Basically, the Federal Reserve now has officially taken 486 00:23:58,920 --> 00:24:03,719 Speaker 1: some steps to accelerate the withdrawal of the unprecedented monetary 487 00:24:03,760 --> 00:24:06,080 Speaker 1: stimulus used to prop up markets in the wake of 488 00:24:06,160 --> 00:24:10,200 Speaker 1: the coronavirus, acknowledging the growing threat of inflation now at 489 00:24:10,240 --> 00:24:14,200 Speaker 1: a thirty nine year high. So the US Central Bank 490 00:24:14,240 --> 00:24:18,320 Speaker 1: meeting was being closely watched by digital asset traders because 491 00:24:18,440 --> 00:24:21,960 Speaker 1: many bitcoin investors see the cryptocurrency as a hedge against 492 00:24:21,960 --> 00:24:25,159 Speaker 1: the potential debasement of the dollar that might result from 493 00:24:25,160 --> 00:24:28,160 Speaker 1: the monetary stimulus, which is facilitated by the FED money printing, 494 00:24:28,600 --> 00:24:31,360 Speaker 1: so a faster withdrawal the stimulus might prove provide an 495 00:24:31,359 --> 00:24:37,280 Speaker 1: extra headwind for bitcoin prices, but bitcoin prices jumped after 496 00:24:37,280 --> 00:24:41,000 Speaker 1: the FED decision. Instead, the FED announced that two pm Eastern, 497 00:24:41,600 --> 00:24:44,320 Speaker 1: signaling that traders may have been worried about an even 498 00:24:44,440 --> 00:24:47,960 Speaker 1: more aggressive withdrawal the stimulus and a faster interest rate 499 00:24:48,040 --> 00:24:51,840 Speaker 1: increases next year. The bitcoin price had fallen December Loan. 500 00:24:52,359 --> 00:24:54,199 Speaker 1: That's what they're saying is that maybe a lot of 501 00:24:54,200 --> 00:24:56,480 Speaker 1: people were already pricing this into the market. So the 502 00:24:56,480 --> 00:24:59,480 Speaker 1: markets are what's called a discounting mechanism. That means that 503 00:24:59,520 --> 00:25:02,960 Speaker 1: the market are always trying to guess correctly will the 504 00:25:02,960 --> 00:25:04,760 Speaker 1: prices be higher or lower. So I'll buy a stock 505 00:25:04,800 --> 00:25:06,920 Speaker 1: today hoping the price is higher in the future, I'll 506 00:25:06,960 --> 00:25:08,600 Speaker 1: buy it, you know, shorten it and hoping it's be 507 00:25:08,680 --> 00:25:11,240 Speaker 1: lower in the future. And so what they're saying is 508 00:25:11,280 --> 00:25:14,200 Speaker 1: that everybody here to do with with inflation so high 509 00:25:14,240 --> 00:25:17,520 Speaker 1: with the cp IP that um the FED was gonna 510 00:25:17,600 --> 00:25:19,959 Speaker 1: have to do something raise rates or or do this withdrawal. 511 00:25:20,240 --> 00:25:21,800 Speaker 1: And so a lot of people are thinking that bitcoin's 512 00:25:21,840 --> 00:25:25,640 Speaker 1: price was crashing in advance. So people were already anticipating 513 00:25:25,680 --> 00:25:28,840 Speaker 1: this happening. But when they finally announced what they're gonna do. 514 00:25:29,520 --> 00:25:33,119 Speaker 1: It actually came in much less than what they had expected, 515 00:25:33,640 --> 00:25:36,560 Speaker 1: and so um once they announced it and it wasn't 516 00:25:36,600 --> 00:25:39,639 Speaker 1: so bad, the price of bitcoin popped up. That's what 517 00:25:39,680 --> 00:25:42,240 Speaker 1: they're saying. Maybe maybe not. I don't know, what do 518 00:25:42,280 --> 00:25:44,439 Speaker 1: you think. I'd love to hear from you guys that 519 00:25:44,440 --> 00:25:46,639 Speaker 1: are listening. If you want to shoot me a message, 520 00:25:46,640 --> 00:25:49,080 Speaker 1: you can hit me up on Instagram or Twitter at 521 00:25:49,640 --> 00:25:51,840 Speaker 1: one Mark Moss. That's just the number one at one 522 00:25:51,920 --> 00:25:53,680 Speaker 1: Mark Moss. Say you're here hearing me on the radio, 523 00:25:54,760 --> 00:25:56,800 Speaker 1: Get at me, shoot me a question, Say you heard 524 00:25:56,800 --> 00:26:00,000 Speaker 1: me here. I I'm super active on on those platforms. 525 00:26:00,000 --> 00:26:01,480 Speaker 1: I'd love to get back to you if I hear that, 526 00:26:01,680 --> 00:26:03,000 Speaker 1: and tell me what you think. Do you think that 527 00:26:03,040 --> 00:26:06,280 Speaker 1: they were that that the bitcoin market jumped because of that? Now? 528 00:26:06,359 --> 00:26:09,480 Speaker 1: For me, for me personally, I don't try to find 529 00:26:09,520 --> 00:26:12,879 Speaker 1: a reason for every single price movement. The price goes up, 530 00:26:12,960 --> 00:26:14,840 Speaker 1: if the price goes down on a short term basis, 531 00:26:14,840 --> 00:26:17,280 Speaker 1: I don't try to find reasons for all that. But 532 00:26:17,400 --> 00:26:20,720 Speaker 1: maybe maybe that makes sense, right, we know, like I said, 533 00:26:20,720 --> 00:26:23,280 Speaker 1: the Fed said they were gonna taper at fifteen billion. 534 00:26:23,280 --> 00:26:25,560 Speaker 1: Now they're gonna do thirty billion a month, but that 535 00:26:25,600 --> 00:26:28,520 Speaker 1: a lot of people thought it'd be worse, and maybe 536 00:26:28,920 --> 00:26:31,159 Speaker 1: maybe they're happy about that. Now. Something to keep in 537 00:26:31,200 --> 00:26:35,840 Speaker 1: mind is that just because they're going to stimulate less, 538 00:26:35,920 --> 00:26:38,920 Speaker 1: it doesn't mean they're stopping stimulation. They're going from a 539 00:26:39,000 --> 00:26:40,720 Speaker 1: hundred and twenty billion a month to a hundred and 540 00:26:40,720 --> 00:26:44,080 Speaker 1: five a month of still printing fake counterfeit money sticking 541 00:26:44,119 --> 00:26:47,200 Speaker 1: into the system. So it's not like they're gonna stop 542 00:26:47,320 --> 00:26:49,359 Speaker 1: doing this. No no, no, no no. They're only just 543 00:26:49,400 --> 00:26:51,840 Speaker 1: gonna slow it down just a little bit. So it's 544 00:26:51,840 --> 00:26:53,639 Speaker 1: not that much. Now. By the way, you're listening to 545 00:26:53,680 --> 00:26:55,960 Speaker 1: the Mark Moa show, we're talking about bitcoin, we're talking 546 00:26:55,960 --> 00:26:58,840 Speaker 1: about cryptocurrencies, we're talking about the decentralized revolution. We're talking 547 00:26:58,880 --> 00:27:01,480 Speaker 1: about what's going on with FED and potentially driving the 548 00:27:01,480 --> 00:27:04,120 Speaker 1: price of bitcoin higher, which is a pretty interesting corollary 549 00:27:04,119 --> 00:27:07,280 Speaker 1: to look at. And I'm just trying to give you 550 00:27:07,400 --> 00:27:10,840 Speaker 1: all the reasons as to why the network is growing, 551 00:27:11,000 --> 00:27:13,399 Speaker 1: why the development of the network is growing, and how 552 00:27:13,480 --> 00:27:15,400 Speaker 1: we should be focused on this so we don't get 553 00:27:15,400 --> 00:27:18,480 Speaker 1: shaken out by these short term price moves. What happens 554 00:27:18,560 --> 00:27:20,080 Speaker 1: is the price drops and a lot of people that 555 00:27:20,119 --> 00:27:24,399 Speaker 1: don't understand it, are scared and they sell. They miss 556 00:27:24,400 --> 00:27:27,880 Speaker 1: out when the market bounces back higher, which it which 557 00:27:27,880 --> 00:27:29,680 Speaker 1: it does. We could, you know, have thousands allar canels 558 00:27:29,680 --> 00:27:31,920 Speaker 1: in a day. And that's what I'm trying to prevent 559 00:27:31,920 --> 00:27:34,280 Speaker 1: from happening to you. So don't go away. Le'll right back. 560 00:27:34,600 --> 00:27:36,760 Speaker 1: All right, welcome back. You are listening to the Markma Show, 561 00:27:36,760 --> 00:27:39,359 Speaker 1: and we're talking about bitcoin and we're talking about cryptocurrencies. 562 00:27:39,359 --> 00:27:44,119 Speaker 1: We're talking about the decentralized revolution that's happening. And this segment, 563 00:27:44,160 --> 00:27:46,879 Speaker 1: what we're talking about is ignore the price. It's a 564 00:27:46,920 --> 00:27:49,720 Speaker 1: short term distraction. Um, we want to focus on the 565 00:27:49,760 --> 00:27:51,800 Speaker 1: growth of the network. Want to focus on the development 566 00:27:51,840 --> 00:27:53,960 Speaker 1: of the network, and so I'm bringing to you the 567 00:27:54,080 --> 00:27:56,840 Speaker 1: latest news and information so you can stay up on 568 00:27:56,880 --> 00:27:58,919 Speaker 1: those two things, the growth of the network, development on 569 00:27:58,920 --> 00:28:01,360 Speaker 1: the network. Before the break, we were talking about how 570 00:28:01,920 --> 00:28:04,359 Speaker 1: the Federal Reserve, the Central Bank of the United States 571 00:28:04,440 --> 00:28:08,919 Speaker 1: their policy and how potentially their policy. Um, they've decided 572 00:28:08,960 --> 00:28:11,040 Speaker 1: that they are putting way too much money into the 573 00:28:11,080 --> 00:28:13,280 Speaker 1: system and that they should taper. They should just put 574 00:28:13,400 --> 00:28:17,479 Speaker 1: a little bit less fake fiat counterfeit money into the system. 575 00:28:17,520 --> 00:28:21,679 Speaker 1: And uh, you know, typically you know, bitcoin is kind 576 00:28:21,680 --> 00:28:25,040 Speaker 1: of this hedge against that inflation, and so typically when 577 00:28:25,040 --> 00:28:28,159 Speaker 1: they pull back, you would expect that maybe bitcoin wouldn't 578 00:28:28,160 --> 00:28:31,040 Speaker 1: do us good, right, um, but bitcoin actually jumped, and 579 00:28:31,080 --> 00:28:32,760 Speaker 1: so some are speculating I don't know if this is 580 00:28:32,760 --> 00:28:34,720 Speaker 1: true or not, but you can you can decide and 581 00:28:34,720 --> 00:28:36,879 Speaker 1: shoot me a message let me know. But that maybe 582 00:28:36,920 --> 00:28:38,680 Speaker 1: that they were expecting the FED to do way more 583 00:28:39,080 --> 00:28:40,520 Speaker 1: and they didn't do as much, and so maybe that 584 00:28:40,560 --> 00:28:43,440 Speaker 1: was one of the reasons why bitcoin jumps, which is 585 00:28:43,520 --> 00:28:46,720 Speaker 1: kind of interesting. Um. But some other things that were 586 00:28:46,720 --> 00:28:49,720 Speaker 1: really big. We talked about, you know, uh, some politicians 587 00:28:49,760 --> 00:28:51,800 Speaker 1: that are running on the bitcoin platform. We talked about 588 00:28:52,120 --> 00:28:56,120 Speaker 1: night Digg raising over a billion dollars amazing billion dollars 589 00:28:56,120 --> 00:28:57,640 Speaker 1: from some of the oldest companies in the space, mean 590 00:28:57,720 --> 00:29:01,720 Speaker 1: Mass Mutual, New York Life Insurance, cetera. You're not smarter 591 00:29:01,800 --> 00:29:04,040 Speaker 1: than them. Just tell yourself that you are not smarter 592 00:29:04,120 --> 00:29:06,800 Speaker 1: than the Uh. If they have that much faith with 593 00:29:06,840 --> 00:29:09,480 Speaker 1: ore all their other PhDs and experts, then maybe you 594 00:29:09,480 --> 00:29:11,520 Speaker 1: should have a little bit belief in it. Um. And 595 00:29:11,560 --> 00:29:13,240 Speaker 1: then we were talking about, like I said, the FED. 596 00:29:13,760 --> 00:29:16,120 Speaker 1: Another thing that I saw this week is that you know, obviously, 597 00:29:16,200 --> 00:29:19,400 Speaker 1: I've I've talked quite a bit about El Salvador and 598 00:29:19,440 --> 00:29:23,040 Speaker 1: how Salvador has adopted it as a legal reserve UM 599 00:29:23,080 --> 00:29:25,000 Speaker 1: and it's been growing fast down there. It's been amazing. 600 00:29:25,000 --> 00:29:28,120 Speaker 1: Now now Salvadors launched their their bitcoin bond UM and 601 00:29:28,120 --> 00:29:31,000 Speaker 1: it's it's amazing. And now we started to see news 602 00:29:31,120 --> 00:29:34,360 Speaker 1: of maybe Paraguay UM doing the same thing, and I 603 00:29:34,360 --> 00:29:35,920 Speaker 1: think it's only a matter of time before we see 604 00:29:35,960 --> 00:29:38,520 Speaker 1: more and more and more countries starting to adopt this. 605 00:29:39,120 --> 00:29:41,520 Speaker 1: And and this week we also saw the country of 606 00:29:42,160 --> 00:29:46,959 Speaker 1: Minimur Minimore UM said that they want to use tether 607 00:29:47,680 --> 00:29:51,480 Speaker 1: an official currency. So the stable cooin issuer called in 608 00:29:51,680 --> 00:29:54,640 Speaker 1: EU G S U S T D adoption a significant 609 00:29:54,680 --> 00:29:58,880 Speaker 1: event that goes beyond the potentials of cryptocurrency. So U 610 00:29:58,960 --> 00:30:01,920 Speaker 1: S d T that's U D tether. So what is tether. 611 00:30:02,360 --> 00:30:06,960 Speaker 1: So tether is a dollar backed stable coin. And basically 612 00:30:07,000 --> 00:30:09,000 Speaker 1: what that means is when you give them a dollar 613 00:30:09,160 --> 00:30:11,600 Speaker 1: of U S dollar, they give you back a cryptocurrency 614 00:30:11,640 --> 00:30:14,600 Speaker 1: token that's worth the same dollar. And so it's stable, 615 00:30:14,640 --> 00:30:18,640 Speaker 1: it's always pegged, it's pegged to the dollar. And so 616 00:30:18,840 --> 00:30:21,080 Speaker 1: UM there's a there's a bunch of these different different 617 00:30:21,080 --> 00:30:24,000 Speaker 1: stable coins out there. And you know, also we're starting 618 00:30:24,040 --> 00:30:26,440 Speaker 1: to see governments, including the United States, working on creating 619 00:30:26,440 --> 00:30:29,120 Speaker 1: an essential bank digital currency, which would also be like 620 00:30:29,160 --> 00:30:33,400 Speaker 1: a dollar. And so um, we've seen, um the rise 621 00:30:33,440 --> 00:30:36,080 Speaker 1: of these um stable coins, the rise of these these 622 00:30:36,240 --> 00:30:39,400 Speaker 1: central bank digital currencies UM. And this is the first 623 00:30:39,440 --> 00:30:42,000 Speaker 1: time that we've seen an actual country. Now. Granted it's 624 00:30:42,080 --> 00:30:44,880 Speaker 1: their shadow government run by the supporters of Nobel Peace 625 00:30:44,960 --> 00:30:48,680 Speaker 1: Prize winner ang Son UM, so it's another main government 626 00:30:48,680 --> 00:30:51,040 Speaker 1: as the shadow government. But they've announced that the tether 627 00:30:51,120 --> 00:30:54,040 Speaker 1: is an official currency for local use and they want 628 00:30:54,080 --> 00:30:58,280 Speaker 1: people to use it um now as a stable coin, 629 00:30:58,320 --> 00:30:59,960 Speaker 1: which is basically like using the dollar, which would really 630 00:30:59,960 --> 00:31:01,520 Speaker 1: be no different than, like I said, using a central 631 00:31:01,520 --> 00:31:03,600 Speaker 1: bank digital currency, which of course I'm not not big 632 00:31:03,640 --> 00:31:06,120 Speaker 1: of a fan of because it's the same as fiat 633 00:31:06,320 --> 00:31:10,760 Speaker 1: is just digital. However, I think that central bank digital 634 00:31:10,840 --> 00:31:13,640 Speaker 1: currencies and even these stable coins are what I would 635 00:31:13,640 --> 00:31:16,600 Speaker 1: consider to be like a trojan horse. And so what 636 00:31:16,640 --> 00:31:21,000 Speaker 1: do I mean by that, Well, I think it brings 637 00:31:21,120 --> 00:31:23,960 Speaker 1: people into the space because right now, let's say a 638 00:31:24,000 --> 00:31:27,240 Speaker 1: lot of people might be skeptical on bitcoin. UM. I 639 00:31:27,240 --> 00:31:28,959 Speaker 1: don't know how to use it. I don't know if 640 00:31:29,000 --> 00:31:31,000 Speaker 1: it's safe. I don't know if it's real. I don't 641 00:31:31,000 --> 00:31:33,320 Speaker 1: know if I can trust money that's digital. All these things, right, 642 00:31:33,960 --> 00:31:38,280 Speaker 1: But once they use a central bank digital currency that's 643 00:31:38,320 --> 00:31:41,400 Speaker 1: recognized by their bank and it's recognized by their government, 644 00:31:41,600 --> 00:31:45,240 Speaker 1: it just gives them, um that mental um kind of 645 00:31:45,440 --> 00:31:47,760 Speaker 1: it tricks them a little bit. I guess into thinking 646 00:31:47,800 --> 00:31:50,120 Speaker 1: that it's safe, and we'll shoot. I guess if my 647 00:31:50,160 --> 00:31:51,920 Speaker 1: government used it, if my bank used it, then it 648 00:31:52,000 --> 00:31:54,800 Speaker 1: must be safe. And then once they start using that, 649 00:31:55,280 --> 00:31:57,360 Speaker 1: then to jump to bitcoin is not a big jump 650 00:31:57,360 --> 00:32:00,200 Speaker 1: at all, and as a matter of fact, it would 651 00:32:00,200 --> 00:32:03,200 Speaker 1: even facilitate or even push that jump, because as you're 652 00:32:03,240 --> 00:32:05,920 Speaker 1: using that stable coiner or specifically using the central bank 653 00:32:05,920 --> 00:32:09,800 Speaker 1: digital currency, you're gonna be looking at it against Bitcoin 654 00:32:10,280 --> 00:32:13,840 Speaker 1: and you're gonna wonder why Bitcoin as priced in that 655 00:32:13,880 --> 00:32:16,479 Speaker 1: central maink digital currency, that stable coin continues to go 656 00:32:16,600 --> 00:32:19,400 Speaker 1: up in value, and you're gonna ask yourself, we'll shoot. 657 00:32:19,480 --> 00:32:22,320 Speaker 1: Now that I'm holding cryptocurrencies and using cryptocurrencies, even though 658 00:32:22,320 --> 00:32:24,960 Speaker 1: it's a stable coin or central bank digital currency. Um, 659 00:32:25,000 --> 00:32:28,880 Speaker 1: now that I'm using um these these cryptocurrencies, why is 660 00:32:28,920 --> 00:32:31,840 Speaker 1: it that bitcoin keeps going up in value, and then 661 00:32:31,880 --> 00:32:33,880 Speaker 1: you're gonna go, well, shoot, why am i story and 662 00:32:33,920 --> 00:32:36,440 Speaker 1: all my wealth in this stable coin or the central 663 00:32:36,440 --> 00:32:38,560 Speaker 1: make digital currency it's losing value to bitcoin? Why am 664 00:32:38,560 --> 00:32:40,640 Speaker 1: I not just holding bitcoin? And so that's why it's 665 00:32:40,640 --> 00:32:43,280 Speaker 1: this trojan horse that I think will just bring people 666 00:32:43,320 --> 00:32:46,720 Speaker 1: in that way, which I think is pretty cool. Um. 667 00:32:47,160 --> 00:32:48,760 Speaker 1: On top of that, we're talking about, like I said, 668 00:32:48,800 --> 00:32:50,640 Speaker 1: the price of bitcoin going up based off of that 669 00:32:50,720 --> 00:32:53,760 Speaker 1: Federal Reserve statement, which you know, may or it may 670 00:32:53,800 --> 00:32:55,760 Speaker 1: not have happened. I don't try to make sense of 671 00:32:55,880 --> 00:32:59,160 Speaker 1: every single move. But something else that we do know 672 00:32:59,320 --> 00:33:03,360 Speaker 1: is that, um, it's December, and December means it is 673 00:33:03,480 --> 00:33:06,480 Speaker 1: the end of the year, which means it is tax time, 674 00:33:07,000 --> 00:33:11,320 Speaker 1: and so December is typically a rough time for stocks overall. 675 00:33:11,520 --> 00:33:14,720 Speaker 1: So stocks, um, you can lump cryptocurrencies in that as well, 676 00:33:15,080 --> 00:33:17,640 Speaker 1: and that's typically this, uh, this kind of rough turbulent 677 00:33:17,680 --> 00:33:19,680 Speaker 1: time for that. Part of the reason why is because 678 00:33:19,840 --> 00:33:21,240 Speaker 1: as of the end of the year, a lot of 679 00:33:21,240 --> 00:33:24,680 Speaker 1: people are taking moves for tax purposes. So for example, 680 00:33:25,560 --> 00:33:28,520 Speaker 1: if you're a CEO of a big corporation, um, and 681 00:33:28,600 --> 00:33:30,440 Speaker 1: let's say that your stock is at an all time higher, right, 682 00:33:30,480 --> 00:33:32,840 Speaker 1: now or or whatever, it's higher than it was, you 683 00:33:32,960 --> 00:33:35,720 Speaker 1: probably want to sell off a bunch of those stocks 684 00:33:36,040 --> 00:33:39,360 Speaker 1: to realize the profits so you can get a massive bonus. 685 00:33:39,560 --> 00:33:41,600 Speaker 1: That might be one reason. And so, UM, you see 686 00:33:41,600 --> 00:33:43,600 Speaker 1: a lot of these ceo is doing that, which creates 687 00:33:43,600 --> 00:33:47,560 Speaker 1: this downward selling pressure and more some downwards pressure creates 688 00:33:47,560 --> 00:33:49,520 Speaker 1: more downward pressure, and then all the bots start trading 689 00:33:49,520 --> 00:33:54,120 Speaker 1: and the price starts dropping. Um. Also with bitcoin and cryptocurrencies, 690 00:33:54,120 --> 00:33:56,479 Speaker 1: we might see the same thing. So for example, what 691 00:33:56,520 --> 00:34:00,000 Speaker 1: you can do with your bitcoin and your cryptocurrency right now? Uh, 692 00:34:00,200 --> 00:34:01,800 Speaker 1: And it's the big thing. Take note of this. I 693 00:34:01,800 --> 00:34:03,760 Speaker 1: think I'm talking about it once before a few weeks ago, 694 00:34:04,240 --> 00:34:06,440 Speaker 1: is that you can do something what's known as a 695 00:34:06,480 --> 00:34:09,879 Speaker 1: wash sale or wash trading. Now, this is typically not 696 00:34:10,040 --> 00:34:12,360 Speaker 1: allowed in other types of assets. And so if I 697 00:34:12,400 --> 00:34:15,400 Speaker 1: held stock and I were to sell that stock at 698 00:34:15,440 --> 00:34:18,080 Speaker 1: a loss, I wouldn't be able to buy that stock again. 699 00:34:18,160 --> 00:34:20,480 Speaker 1: I think it's thirty days. Talk to your tax professional 700 00:34:20,480 --> 00:34:21,960 Speaker 1: about it. I think it's thirty days. You can't buy 701 00:34:22,040 --> 00:34:25,680 Speaker 1: that stock again. Both cryptocurrencies, you don't have that situation. Um. 702 00:34:25,760 --> 00:34:27,560 Speaker 1: They're trying to change. I believe they're going to change 703 00:34:27,560 --> 00:34:30,680 Speaker 1: the rule for next year two. But as you don't 704 00:34:30,719 --> 00:34:33,680 Speaker 1: have that rule. So if you bought bitcoin at sixty 705 00:34:33,719 --> 00:34:36,920 Speaker 1: nine thousand and today it's sitting at forty eight thousand, UM, 706 00:34:37,000 --> 00:34:39,920 Speaker 1: you could sell the bitcoin and instantly buy it back. 707 00:34:40,239 --> 00:34:42,279 Speaker 1: So you'd buy it at sixty nine thousand, you sold 708 00:34:42,280 --> 00:34:44,800 Speaker 1: it at forty eight thousand, you have about a twenty 709 00:34:44,840 --> 00:34:48,040 Speaker 1: thousand dollar loss. But then I just rebuy it, so 710 00:34:48,080 --> 00:34:50,239 Speaker 1: I still have the bitcoin UM and I saw it 711 00:34:50,320 --> 00:34:52,360 Speaker 1: the same price, but now I have a twenty thousand 712 00:34:52,400 --> 00:34:54,719 Speaker 1: dollar loss sitting on my books, and now I can 713 00:34:54,920 --> 00:34:58,680 Speaker 1: apply that loss to any other gains that I have. Now, 714 00:34:58,680 --> 00:35:00,560 Speaker 1: this is a massive opportunity for you right now at 715 00:35:00,560 --> 00:35:02,920 Speaker 1: the end of the year, because as I said, you 716 00:35:02,960 --> 00:35:05,440 Speaker 1: can't do this on other assets, and they're trying to 717 00:35:05,480 --> 00:35:07,040 Speaker 1: change the law so you can't do this next year, 718 00:35:07,440 --> 00:35:09,759 Speaker 1: and so you want to offset any gains you have 719 00:35:09,800 --> 00:35:13,400 Speaker 1: with those losses. And so that also might be some 720 00:35:13,440 --> 00:35:16,160 Speaker 1: of the reason that's kind of creating this UM, this 721 00:35:16,320 --> 00:35:18,759 Speaker 1: this selling pressure on on it. Now, like I said, 722 00:35:18,800 --> 00:35:20,600 Speaker 1: I don't try to look at the price on a 723 00:35:20,600 --> 00:35:22,839 Speaker 1: short term basis. I'm not trying to guess about that. 724 00:35:23,160 --> 00:35:25,400 Speaker 1: As we already talked about before the price of bitcoin 725 00:35:25,480 --> 00:35:27,920 Speaker 1: has continued to go up higher and higher and higher. 726 00:35:28,400 --> 00:35:30,640 Speaker 1: As we talked about it was it was seven thousand 727 00:35:30,680 --> 00:35:32,880 Speaker 1: dollars two years ago, was fourteen seventeen thousand dollars a 728 00:35:32,920 --> 00:35:35,600 Speaker 1: year ago, and today at so um. Just continue to 729 00:35:35,600 --> 00:35:37,480 Speaker 1: stay zoom out, look at the long term price. But 730 00:35:37,920 --> 00:35:40,319 Speaker 1: if you are sitting on some losses, now might be 731 00:35:40,400 --> 00:35:43,120 Speaker 1: the time to lock those things and capture those losses 732 00:35:43,560 --> 00:35:47,080 Speaker 1: and write that off against any gains. Now, again, everybody's 733 00:35:47,239 --> 00:35:50,400 Speaker 1: tax situation is different. We are not in this together. 734 00:35:50,560 --> 00:35:52,040 Speaker 1: That's the lie being told to us. We're not in 735 00:35:52,080 --> 00:35:55,360 Speaker 1: this together. All of her situations are different. So consult 736 00:35:55,440 --> 00:35:57,839 Speaker 1: with your tax professional, see if that works for you, 737 00:35:58,440 --> 00:36:02,239 Speaker 1: and right what the right thing is for you. I think, though, 738 00:36:02,320 --> 00:36:05,879 Speaker 1: once we get through this end of year cycle, I 739 00:36:05,920 --> 00:36:08,160 Speaker 1: think we'll see things starting to take off. Like we 740 00:36:08,200 --> 00:36:12,240 Speaker 1: talked about with Nightigg taking on that billion dollars of capital, 741 00:36:12,560 --> 00:36:14,440 Speaker 1: and from some of my friends that I'm hearing the 742 00:36:14,480 --> 00:36:18,120 Speaker 1: chatter on the wire, there's billions and billions of dollars 743 00:36:18,160 --> 00:36:21,440 Speaker 1: literally sitting on the sidelines ready to jump into the market. 744 00:36:21,880 --> 00:36:23,440 Speaker 1: And I think once we get through the end of 745 00:36:23,480 --> 00:36:26,120 Speaker 1: the year, we'll probably start to see that. I don't know, 746 00:36:26,320 --> 00:36:29,560 Speaker 1: I'm not predicting it, but get your money in while 747 00:36:29,560 --> 00:36:31,880 Speaker 1: you still can. But stay zoomed out and focus on 748 00:36:31,920 --> 00:36:34,080 Speaker 1: the long term. And by the way, you're listening to 749 00:36:34,080 --> 00:36:36,759 Speaker 1: the Markma Show, we're talking about bitcoin, We're talking about cryptocurrencies. 750 00:36:36,760 --> 00:36:41,600 Speaker 1: We're talking about this giant decentralized revolution that is changing 751 00:36:41,600 --> 00:36:44,759 Speaker 1: the world. We're talking about the two things that we 752 00:36:44,760 --> 00:36:46,719 Speaker 1: should be focusing on, not the price. We're focused on 753 00:36:46,800 --> 00:36:49,080 Speaker 1: the growth of the network and the development of the network. 754 00:36:49,120 --> 00:36:50,640 Speaker 1: As long as you stay focused on those two things, 755 00:36:50,800 --> 00:36:53,560 Speaker 1: you're gonna be looking at the signal and not the noise. 756 00:36:53,800 --> 00:36:57,800 Speaker 1: All Right, you listen to the Markma Show. Bitcoin, Cryptocurrencies, 757 00:36:57,800 --> 00:37:01,080 Speaker 1: decentralized Revolution. Thank you so much for listening.