WEBVTT - The Mark Moss Show Dec 22, 2021 0:00:00.080 --> 0:00:02.360 Hey, everyone, welcome to another episode of The Mark ma 0:00:02.560 --> 0:00:05.880 Show where we're talking about bitcoin. We're talking about cryptocurrencies, 0:00:05.920 --> 0:00:09.840 and we are talking about the decentralized revolution that is happening. 0:00:10.600 --> 0:00:14.800 We're talking about the intersection of politics and money and technology. 0:00:14.920 --> 0:00:17.120 It's pretty exciting. It's an exciting time to be living through. 0:00:18.200 --> 0:00:20.439 It's a it's an exciting time to be paying attention 0:00:20.480 --> 0:00:25.160 to watching because it is evolving so fast. It's rapidly, 0:00:25.440 --> 0:00:29.200 rapidly moving in front of our eyes. Now, you know, 0:00:29.280 --> 0:00:31.160 I don't always talk about the price of bitcoin. I 0:00:31.280 --> 0:00:33.159 like to talk about the price of bitcoin being a 0:00:33.240 --> 0:00:36.360 distraction UM, And so I don't focus a lot on 0:00:36.360 --> 0:00:38.600 the price. And so if you want the price um 0:00:38.600 --> 0:00:40.239 tuning into me each and every week, you know, we'll 0:00:40.240 --> 0:00:43.199 talk about a little bit. But you know, open up 0:00:43.200 --> 0:00:45.279 your phone, open up coin market cap or trading view. 0:00:45.320 --> 0:00:47.960 You can see what the price is UM. But the 0:00:48.000 --> 0:00:50.040 price is really a short term distraction. That's what I 0:00:50.080 --> 0:00:51.360 like to say. I like to call it a bait 0:00:51.400 --> 0:00:53.120 and switch. You come in trying to make a bunch 0:00:53.120 --> 0:00:55.840 of money, and then you realize it's actually the tool 0:00:55.960 --> 0:00:58.360 that we need to get our freedom back, to fix 0:00:58.400 --> 0:01:01.800 the world. But what I say each and every week 0:01:01.920 --> 0:01:04.200 is that instead of focusing on the price, because the 0:01:04.240 --> 0:01:07.720 price is a short term um indicator, what you really 0:01:07.720 --> 0:01:09.160 want to look at when you're looking at it at 0:01:09.160 --> 0:01:11.160 a network, when you look at new technologies, you want 0:01:11.160 --> 0:01:13.399 to look at the growth of the network. That's the 0:01:13.520 --> 0:01:16.280 expansion of the users, and you want to look at 0:01:16.319 --> 0:01:19.959 the development that's happening on the network. And as long 0:01:20.000 --> 0:01:21.280 as those two things are going, then we know the 0:01:21.280 --> 0:01:22.920 price is going to take care of itself. And so 0:01:23.280 --> 0:01:25.360 those are the things I'd rather spend my time focusing on. 0:01:25.440 --> 0:01:26.760 You should as well, And those are things that I 0:01:26.760 --> 0:01:31.640 like to focus on talking about because they're they're rapidly advancing. 0:01:31.640 --> 0:01:35.920 They're changing pretty fast. Now. About the price, I mean, 0:01:35.959 --> 0:01:38.360 you know, the price of bitcoin is down. We we 0:01:38.360 --> 0:01:41.640 were kind of at a high about well about a 0:01:41.680 --> 0:01:43.679 month ago. For the last thirty days or so, we've 0:01:43.720 --> 0:01:46.600 kind of been in this decline. Um, the price is down. 0:01:46.680 --> 0:01:49.240 But to kind of put into perspective, if you zoom out, 0:01:50.240 --> 0:01:51.720 if you're new to bitcoin, I get it, maybe you 0:01:51.720 --> 0:01:54.480 don't understand, but if you zoom out, you'll see that 0:01:55.000 --> 0:01:59.400 a year ago. So if I look real quick, here 0:01:59.520 --> 0:02:02.720 a year ago the price of bitcoin was seventeen thousand dollars. 0:02:03.520 --> 0:02:07.040 Today it's forty eight thousand dollars. So one year ago 0:02:07.240 --> 0:02:14.919 it was seventeen thousand dollars and the year before that 0:02:15.280 --> 0:02:18.280 it was six thousand dollars. So I went from six 0:02:18.320 --> 0:02:22.840 thousand to seventeen thousand to forty eight thousand. Does that 0:02:22.880 --> 0:02:26.040 sound too volatile to you, Well, now, hang on, hang on. 0:02:26.360 --> 0:02:29.680 Volatility works both ways. Volatility means it goes up and down. 0:02:29.680 --> 0:02:31.600 If it wasn't volatile, would be stuck at zero forever. 0:02:32.280 --> 0:02:34.080 I wanted to be volatile. I want to be highly 0:02:34.160 --> 0:02:36.120 volatile because I want to go up really, really high. 0:02:36.320 --> 0:02:39.520 And so two years ago to the day, we were 0:02:39.520 --> 0:02:43.520 in about six thousand. A year ago, seventeen thousand, this 0:02:43.600 --> 0:02:45.440 year forty eight thousand, So that's pretty good. It's a 0:02:45.480 --> 0:02:47.560 pretty good run up. Now. It went from that seventeen 0:02:47.560 --> 0:02:49.240 thousand a year ago, and it went all the way 0:02:49.280 --> 0:02:52.000 up to sixty five thousand, and then it pulled back 0:02:52.080 --> 0:02:54.480 down to thirty thousand, and it stuck for about two months, 0:02:54.560 --> 0:02:57.040 consolidating in the thirty five thousand range, and then it 0:02:57.120 --> 0:02:59.160 ran to seventy thousand, and it's pulled back and it's 0:02:59.160 --> 0:03:02.320 consolidated in the fifty thousand range, So that's what you're 0:03:02.320 --> 0:03:05.680 looking at. Notice how it consolidated at thirty and now 0:03:05.680 --> 0:03:08.959 it's consolidated at fifty. It's a big difference. So don't 0:03:08.960 --> 0:03:11.200 look at the peak, look at where it's consolidated, and 0:03:11.200 --> 0:03:13.360 look at where that support is at. And so I 0:03:13.360 --> 0:03:15.320 really want to look at the lows, the lows of it. 0:03:15.440 --> 0:03:17.880 So and if you're looking at the trading charts, you 0:03:17.919 --> 0:03:20.160 look at the lows. You want to see. You want 0:03:20.160 --> 0:03:22.960 to see higher lows, and that's what we're seeing, higher lows. 0:03:23.320 --> 0:03:24.520 And as a matter of fact, if you look at 0:03:24.560 --> 0:03:27.960 the lowest price point of every single year, for the 0:03:28.040 --> 0:03:30.880 entire history of bitcoin, the lowest price point every single 0:03:30.960 --> 0:03:34.000 year has always been higher except for one year. But 0:03:34.240 --> 0:03:36.520 other than that one year, the lowest point every single 0:03:36.600 --> 0:03:39.200 year has always been higher. And again I just give 0:03:39.240 --> 0:03:41.360 you the last two years, and it's it's been pretty good. 0:03:41.480 --> 0:03:43.400 To focus on that, but really, like I said, let's 0:03:43.400 --> 0:03:45.680 focus on the growth of the network, and let's focus 0:03:45.760 --> 0:03:48.320 on the development on the network. Now, one of the 0:03:48.360 --> 0:03:52.720 things that I hear a lot is um the government's 0:03:52.720 --> 0:03:55.440 going to make it illegal. It's probably it's one of 0:03:55.480 --> 0:03:59.080 the one of the oldest objections and maybe still one 0:03:59.120 --> 0:04:02.200 of the biggest objection, is that I hear and there's 0:04:02.240 --> 0:04:04.000 a there's a hundred and one reasons why I can 0:04:04.000 --> 0:04:07.720 tell you that's kind of a false uh narrative. The 0:04:07.720 --> 0:04:09.720 first thing I would say is that if a billion 0:04:09.760 --> 0:04:11.920 people don't want to be illegal, it ain't going to 0:04:12.000 --> 0:04:14.400 be illegal. That's the first thing i'd say. The first 0:04:14.400 --> 0:04:17.599 thing I'd say is stop being a sheep, and remember 0:04:17.640 --> 0:04:19.200 that the government's supposed to be working for the people, 0:04:20.080 --> 0:04:21.560 and if the people don't want to be illegal, won't 0:04:21.600 --> 0:04:24.039 be illegal. So I hate that defeatist attitude. So don't 0:04:24.040 --> 0:04:26.560 take that. Don't take the defetius attitude. But the thing 0:04:26.600 --> 0:04:28.400 that I really you know, there's a there's another hundred 0:04:28.400 --> 0:04:30.440 reasons why I could say that of why they wouldn't 0:04:30.600 --> 0:04:32.640 want to make it illegal. But one of the things 0:04:32.680 --> 0:04:35.800 that's been pretty cool that I've been watching is the 0:04:35.920 --> 0:04:40.479 level of entrenchment that we've made into the political system. 0:04:40.520 --> 0:04:42.880 And so the politicians make the rules, and really the 0:04:42.880 --> 0:04:45.040 politicians don't even make the rules. It's the lobbyists that 0:04:45.080 --> 0:04:47.679 make the rules. But one thing that's starting to happen 0:04:47.800 --> 0:04:50.559 right now and and it's it's actually kind of funny. 0:04:51.080 --> 0:04:56.600 Is in California we have Congressman Representative Brad Sherman, and 0:04:56.640 --> 0:05:01.279 Brad Sherman is probably probably I would say, the number 0:05:01.400 --> 0:05:07.880 one most outspoken guy against bitcoin and cryptocurrencies. He hates them. 0:05:07.920 --> 0:05:11.440 He has continued to rail on bitcoin and cryptocurrencies for 0:05:11.440 --> 0:05:14.760 the last couple of years. Um. Just I think a 0:05:14.760 --> 0:05:16.920 week or two ago there was some funny videos where 0:05:16.920 --> 0:05:19.120 he said Bitcoin is gonna be taken out by etherium, 0:05:19.120 --> 0:05:21.960 and Ethereum is gonna be taken out by um dodge coin, 0:05:22.040 --> 0:05:24.000 and dodge Coin is gonna be taken out by squirrel coin, 0:05:24.040 --> 0:05:26.240 and squirrel Coin is gonna be taken out by mongoose coin, 0:05:26.960 --> 0:05:29.560 and uh. And then then sure enough there was like 0:05:29.560 --> 0:05:32.200 this mongoose coin cryptocurrency and like took off, like people's 0:05:32.240 --> 0:05:34.440 are buying it. It's kind of funny. But you know, 0:05:34.800 --> 0:05:37.080 one thing that he does have right is he said 0:05:37.120 --> 0:05:40.480 that he said that bitcoin and cryptocurrencies are a threat 0:05:40.880 --> 0:05:44.839 to the to the dollars status in the world, the 0:05:44.839 --> 0:05:48.320 reserve status in the world, and it limits our ability 0:05:48.920 --> 0:05:51.160 the United States, limits to the United States ability to 0:05:52.040 --> 0:05:58.520 impose economic sanctions against countries like Iran, which she does. Right, 0:05:58.560 --> 0:06:00.360 if we don't use the dollar. If I and doesn't 0:06:00.440 --> 0:06:02.000 use the dollar, then what do they care for the 0:06:02.120 --> 0:06:05.680 U S sanctions and with dollars? Right, they don't. But 0:06:05.720 --> 0:06:07.520 I would say that it was almost like a like 0:06:07.560 --> 0:06:10.240 a talking point for Iran because they're like, oh, really, 0:06:10.279 --> 0:06:12.560 well we should probably go adopted then. So anyway, Brad 0:06:12.600 --> 0:06:15.240 Sherman has been probably number one most outspoken guy. Um. 0:06:15.279 --> 0:06:19.120 Of course not not ironically, all of his biggest supporters 0:06:19.120 --> 0:06:21.600 are financial institutions, so just go look at Brad Shermany 0:06:21.680 --> 0:06:24.120 is to report who his sponsors ours and uh, they're 0:06:24.120 --> 0:06:26.479 all financial institutions, so of course no no surprise there. 0:06:26.680 --> 0:06:28.800 But the ironic thing is is that he is being 0:06:28.880 --> 0:06:32.960 challenged this year by someone named Erica Rhodes. And Erica 0:06:33.040 --> 0:06:37.560 Rhodes is running on a pro bitcoin platform and not 0:06:37.600 --> 0:06:42.279 only is she running a pro bitcoin platform for the primary, um, 0:06:42.360 --> 0:06:46.200 she's also accepting bitcoin for her campaign, which is pretty 0:06:46.240 --> 0:06:49.640 cool and it's pretty ironic. And if you're in California, 0:06:50.320 --> 0:06:52.320 go Erica Rhodes. Let's go ahead and vote that in. 0:06:52.400 --> 0:06:55.560 Let's get Brad Sherman, that guy out of office. But 0:06:55.680 --> 0:06:58.080 she's not the only one. We're seeing more and more 0:06:58.120 --> 0:07:00.760 of this happening um as big coin continues to get 0:07:00.760 --> 0:07:04.559 bigger and bigger and bigger, and we're seeing more people 0:07:04.560 --> 0:07:07.400 get into this. There's there's somebody else that that has 0:07:07.480 --> 0:07:11.520 decided to jump in. There's in Ohio, we have someone 0:07:11.600 --> 0:07:15.400 running the US Senate and uh her name is Morgan Harper, 0:07:15.720 --> 0:07:19.560 and she's again running on a pro bitcoin stance. And 0:07:19.560 --> 0:07:22.200 I think these these politicians are realizing that Paul, that 0:07:22.240 --> 0:07:23.760 the bitcoin is big. There's a lot of people that 0:07:23.800 --> 0:07:25.200 believe in it and a lot of people that want it, 0:07:25.400 --> 0:07:27.720 and they're running on this pro bitcoin stands. So we 0:07:27.800 --> 0:07:30.960 have in Ohio Morgan Harper, three year old Senate candidate 0:07:31.040 --> 0:07:33.960 for Ohio. She says, it's one of the greatest problems 0:07:33.960 --> 0:07:37.280 in our society is too much power centralized in too 0:07:37.440 --> 0:07:41.800 few hands, which produces anti competitive effects that entrenched incumbents 0:07:41.800 --> 0:07:45.120 and prevent innovation. That's what Harper said. She wanted to 0:07:45.120 --> 0:07:47.600 say that it shifts power to a select few large 0:07:47.600 --> 0:07:49.440 cities and a few dominant players within each market and 0:07:49.480 --> 0:07:53.160 away from people in states such as Ohio. So if 0:07:53.200 --> 0:07:57.320 you're in Ohio, be looking out for Morgan Harper. And 0:07:57.360 --> 0:07:59.560 we can see this is really picking up a lot 0:07:59.600 --> 0:08:03.760 of steam. It's not just these local races. We can 0:08:03.760 --> 0:08:06.840 see in offices all around the country. We're starting to 0:08:06.880 --> 0:08:09.440 see the same thing where people are running on this. 0:08:10.160 --> 0:08:12.560 We saw in uh we know at least one senator 0:08:12.600 --> 0:08:17.480 for US House representatives have disclosed they bought cryptocurrency last year. Um, 0:08:17.520 --> 0:08:21.720 we've seen uh numbers of these aids, um of the 0:08:21.720 --> 0:08:24.840 aide that helped these people. As a matter of fact, uh, 0:08:24.880 --> 0:08:28.680 the staffers have been buying cryptocurrency like crazy, including the 0:08:28.680 --> 0:08:33.040 staff director for Senate Republican UM minority leader Mitch McConnell. 0:08:33.600 --> 0:08:35.920 His staffer is buying bitcoin, and so of course we 0:08:35.960 --> 0:08:38.320 know he's got his ear. And so we've reached this 0:08:38.400 --> 0:08:40.640 level of entrenchment, and that's what we want to look at. 0:08:40.679 --> 0:08:43.120 We want to look at the growth of the network. 0:08:43.160 --> 0:08:47.000 And now these politicians are literally running on a pro bitcoin, 0:08:47.040 --> 0:08:51.320 pro cryptocurrency stance, which will continue to grow the network. 0:08:51.720 --> 0:08:55.480 But there's even more. As I said, the rest of 0:08:55.480 --> 0:08:58.040 the laws are coming from the financial institutions, and wait 0:08:58.120 --> 0:09:01.480 until you hear what's going on on that front. There 0:09:01.679 --> 0:09:06.600 is literally billions of dollars poised to jump into the 0:09:06.600 --> 0:09:09.440 market now, of course as an investor, as I try 0:09:09.520 --> 0:09:11.080 to feel like a bitcoin as an investment more as 0:09:11.080 --> 0:09:13.200 a saving opportunity. But what we want to do is 0:09:13.200 --> 0:09:14.640 we want to front run. We want to get in 0:09:14.640 --> 0:09:16.199 front of it. So I want to explain to you 0:09:16.280 --> 0:09:17.839 what these billions of dollars sitting on the on the 0:09:17.840 --> 0:09:20.680 sideline ready to come in. You're listening to the Marks Show. 0:09:20.679 --> 0:09:23.360 We're talking about bitcoin, talking about cryptocurrencies, and of course 0:09:23.400 --> 0:09:26.160 talking about the decentralized revolution. We're talking about the growth 0:09:26.160 --> 0:09:28.559 of the network and the development on the network, which 0:09:28.559 --> 0:09:30.760 are the two things gonna be paying attention to. Don't go, 0:09:30.960 --> 0:09:33.360 I'll be right back everyone. Welcome back. You're listening to 0:09:33.400 --> 0:09:36.280 the Markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, 0:09:36.280 --> 0:09:41.199 and we're talking about the decentralized revolution that is revolutionizing 0:09:41.240 --> 0:09:44.679 the world. Now before the break, we're talking about um, 0:09:44.760 --> 0:09:46.640 some things that I talk about on a regular basis, 0:09:46.720 --> 0:09:50.040 which is when we're looking at new technologies such as cryptocurrencies, 0:09:50.640 --> 0:09:52.600 we don't want to look at the price. The price 0:09:52.600 --> 0:09:55.199 doesn't really tell us much. It's not the signal that 0:09:55.240 --> 0:09:58.240 we're looking for. The signal that we're looking for is 0:09:58.280 --> 0:10:00.800 the development on the network, or to say, the growth 0:10:00.840 --> 0:10:02.920 of the network, how fast the network is growing, and 0:10:02.960 --> 0:10:05.160 the development that's being done on the network. Those are 0:10:05.160 --> 0:10:07.360 the two things that are important. If I was going 0:10:07.400 --> 0:10:09.520 to use an example like Uber, which is a great example, 0:10:09.520 --> 0:10:12.200 I used it quite often. Um, you know when you 0:10:12.200 --> 0:10:16.120 were looking at Uber. Now, first off, Uber was private 0:10:16.160 --> 0:10:17.599 for like ten years. You didn't really see what the 0:10:17.640 --> 0:10:19.880 price of the stock was on a regular basis. But 0:10:20.000 --> 0:10:22.840 imagine if you did so Uber. You know, Uber moved 0:10:22.840 --> 0:10:25.840 into San Francisco and the price of the stock goes up, 0:10:25.880 --> 0:10:28.960 and then oh, nope, the city of San Francisco shu's 0:10:29.000 --> 0:10:30.839 Uber and now it's banned, and then the price drops 0:10:30.880 --> 0:10:33.000 and then oh they moved into Austin and then it's banned, 0:10:33.040 --> 0:10:34.600 and like it would be up and down, up and down, 0:10:34.640 --> 0:10:36.520 but it but it didn't. You didn't have the price 0:10:36.559 --> 0:10:39.040 of it for the first ten years. What you were 0:10:39.080 --> 0:10:41.760 looking at and even still today on most tech stocks, 0:10:41.760 --> 0:10:43.640 you're not looking at the price of the stock. What 0:10:43.720 --> 0:10:46.360 you're looking at is the growth. And they're really most 0:10:46.400 --> 0:10:49.120 of these tech companies are sacrificing profits to grow. They're 0:10:49.120 --> 0:10:51.000 trying to grow the network as fast as they can, 0:10:51.040 --> 0:10:53.280 so in Uber's case, we couldn't see the price, but 0:10:53.320 --> 0:10:55.440 we were looking at us how fast were they expanding, 0:10:55.480 --> 0:10:58.160 how many markets were they opening up, and that we're 0:10:58.160 --> 0:11:00.200 looking at how many markets were being open up, how 0:11:00.240 --> 0:11:02.760 many users were using it. And then the second thing 0:11:02.800 --> 0:11:06.080 was the development, adding on Uber Eats and adding on 0:11:06.160 --> 0:11:08.280 things like that, um the new apps and the upgrades 0:11:08.280 --> 0:11:10.120 of the rideshare and then the black cars and all 0:11:10.120 --> 0:11:12.240 those things. So we're looking at the growth and we're 0:11:12.280 --> 0:11:14.520 looking at the development, and that's how you want to 0:11:14.520 --> 0:11:16.160 look at technology, and that's the things we should be 0:11:16.200 --> 0:11:18.600 focused on in the bitcoin of cryptocurrency space. And so 0:11:18.840 --> 0:11:21.520 I was talking about the h the how how we're 0:11:21.520 --> 0:11:25.199 starting to see a lot more lawmakers, Republicans or should 0:11:25.200 --> 0:11:29.480 say senators and congress people taking taking taking it not 0:11:29.559 --> 0:11:33.559 only for campaign on contributions, but also running on these platforms. 0:11:34.400 --> 0:11:36.640 I'll throw out one more time back to Erica Rhodes 0:11:36.679 --> 0:11:39.160 running in California, trying to replace Brad Sherman. If you're 0:11:39.160 --> 0:11:43.440 in California, definitely take a look at her UM. But 0:11:43.600 --> 0:11:45.440 then something else that I want to talk about, which 0:11:45.480 --> 0:11:48.360 is the growth of the network and the development of 0:11:48.360 --> 0:11:52.120 the network, is that there is massive amounts of money 0:11:52.240 --> 0:11:54.880 sitting on the sideline ready to come in. And this 0:11:54.960 --> 0:11:59.959 is one thing that's that's incredibly bullish for me to watch. Now, 0:12:00.440 --> 0:12:04.080 last year a company called night digg it's n y 0:12:04.160 --> 0:12:07.720 d i G nighted came into game and and basically 0:12:07.840 --> 0:12:12.079 change the entire game. Now. Nightigg Um does like a 0:12:12.240 --> 0:12:17.240 back office services for banks, and they announced actually, you know, 0:12:17.240 --> 0:12:19.000 it was this year, earlier this year, maybe like March 0:12:19.000 --> 0:12:21.079 of this year, and they announced that they were going 0:12:21.120 --> 0:12:25.559 to help banks um be able to buy, sell, and 0:12:25.760 --> 0:12:28.959 store bitcoin inside their bank checking accounts customers. And it's 0:12:28.960 --> 0:12:33.800 about three hundred banks that service, like three hundred million 0:12:34.120 --> 0:12:37.440 checking accounts, and that was pretty big. That was massive. 0:12:37.480 --> 0:12:39.679 And so nightg came with this big old splash and 0:12:39.679 --> 0:12:42.520 and so far it's it's been happening. We've seen several 0:12:42.559 --> 0:12:45.040 banks I've been I've been researched or been talking about this. 0:12:45.120 --> 0:12:46.520 We saw a U. S Bank I think it's like 0:12:46.559 --> 0:12:48.559 the fifth largest bank in the United States has opened 0:12:48.559 --> 0:12:53.880 that up. But recently nightigg has been continuing to raise eyebrows, 0:12:53.880 --> 0:12:57.720 continuing to grow, and they're they're big, they're a big, 0:12:57.720 --> 0:13:02.160 big financial services company. And this week they went into 0:13:02.320 --> 0:13:05.400 a money raising round to go raise more money to 0:13:05.440 --> 0:13:09.800 continue growing, and they had this funding round led by 0:13:09.840 --> 0:13:15.360 a company called Westcap. West Cap is a giant venture 0:13:15.400 --> 0:13:19.280 firm that helps these companies raise money, and Westcap led 0:13:19.400 --> 0:13:23.880 Nightigg into what is probably the largest funding round in 0:13:23.960 --> 0:13:27.760 the history of bitcoin, the largest funding we've ever seen. 0:13:28.200 --> 0:13:32.760 Nightigg raised one billion dollars in a funding round led 0:13:32.760 --> 0:13:35.960 by growth equity from Westcap, valuing the company at a 0:13:36.000 --> 0:13:41.080 whopping seven billion dollars, which is massive A billion dollars 0:13:41.120 --> 0:13:46.080 raised for a seven bill valuation. Best venture partners Fintech 0:13:46.120 --> 0:13:48.760 Collective participated in the round, helping finance the bitcoin services 0:13:48.800 --> 0:13:53.640 providers expansion and growth. Existing investors a firm mass Mutual. 0:13:54.200 --> 0:13:56.040 By the way, mass Mutual is one of the oldest 0:13:56.120 --> 0:13:58.599 insurance companies the United States. Morgan Stanley, one of the 0:13:58.640 --> 0:14:02.719 biggest um financial service companies the United States, and New 0:14:02.760 --> 0:14:08.520 York Life Insurance Company also joined mass Mutual. Now, a 0:14:08.520 --> 0:14:11.520 lot of boomers don't understand bitcoin. It's too it's as 0:14:11.600 --> 0:14:14.160 old technology, right Like, I'm sorry, I'm too old to 0:14:14.200 --> 0:14:18.840 understand technology. I'll just buy gold Well mass Mutual. Mass 0:14:18.920 --> 0:14:22.200 Mutual is the oldest UH insurance coming United states that 0:14:22.240 --> 0:14:24.720 they're over a hundred years old. They get it. They 0:14:24.760 --> 0:14:28.040 get it. Mass Mutual Morgan Stanley in New New York Life. 0:14:28.080 --> 0:14:29.880 The one thing that I like to see about these 0:14:29.920 --> 0:14:32.160 things is that you know, I've been been been a 0:14:32.280 --> 0:14:36.000 full time you know, professional career investor from from my 0:14:36.000 --> 0:14:38.200 my whole career. Invested in a lot of deals. I 0:14:38.240 --> 0:14:39.840 invested into a lot of like private deals, a lot 0:14:39.880 --> 0:14:43.160 of early stage venture pre I p O deals, and 0:14:43.320 --> 0:14:45.800 um I invested into these types of deals across you know, 0:14:45.880 --> 0:14:50.960 multiple different disciplines or different asset classes. And I can't 0:14:51.000 --> 0:14:52.600 know about all these I can't be an expert in 0:14:52.640 --> 0:14:54.120 all these and so what I do is I look 0:14:54.200 --> 0:14:57.200 to see who else is in on the deal, who 0:14:57.200 --> 0:15:00.320 else is there? And I never ever ever want to 0:15:00.360 --> 0:15:02.680 be the smartest guy in the deal. What I want 0:15:02.720 --> 0:15:05.240 is I want to see someone really, really big, someone 0:15:05.320 --> 0:15:07.360 really smart in the deal, because what it does is like, 0:15:07.400 --> 0:15:11.000 well if they got them convinced, then um, it should 0:15:11.040 --> 0:15:13.360 be pretty good for me. So what these typically companies 0:15:13.360 --> 0:15:14.520 typically want to do is they want to get like 0:15:14.560 --> 0:15:16.840 this lead investor to kind of lead the deal. And 0:15:16.880 --> 0:15:18.600 so when I want, you know, so for a lot 0:15:18.640 --> 0:15:21.680 of you that may be listening, going, ah, come on, Mark, 0:15:22.080 --> 0:15:24.360 Bitcoin is a scam. Bitcoin is never gonna work, Bitcoin 0:15:24.440 --> 0:15:26.680 is gonna be illegal, Bitcoin is gonna be whatever. Fill 0:15:26.720 --> 0:15:29.320 in the blank. What I would say is sure anything 0:15:29.440 --> 0:15:31.480 is probable. I mean it, it has it has a 0:15:31.560 --> 0:15:34.600 greater than zero percent chance of probability. That's that's true. 0:15:35.560 --> 0:15:37.320 But I would just ask yourself, are you smarter than 0:15:37.360 --> 0:15:41.880 Mass Mutual and Morgan Stanley in New York Life, because uh, 0:15:42.040 --> 0:15:44.680 I'm not. I'm certainly not. And so when you see 0:15:44.760 --> 0:15:47.800 that Mass Mutual Morgan Stanle the New York Life are 0:15:47.800 --> 0:15:50.880 in on deals that that should tell you something. I 0:15:50.880 --> 0:15:54.960 should just tell you something. And so um maybe maybe 0:15:55.040 --> 0:15:58.440 maybe it's maybe you were going from a hundred percent skeptical, 0:15:58.560 --> 0:16:01.360 like a hundred percent like there's no way I give 0:16:01.360 --> 0:16:04.360 the zero percent chance to maybe go on, we'll shoot 0:16:04.400 --> 0:16:06.200 if those guys are in, maybe I give it a 0:16:07.640 --> 0:16:09.960 chance of making it then, right, I still think it's 0:16:09.960 --> 0:16:12.160 an eight percent chance of failure, but maybe maybe there's 0:16:12.160 --> 0:16:15.280 twenty percent chance of succeeds. Maybe it's whatever that number 0:16:15.320 --> 0:16:18.120 is for you, But it would be hard for you, 0:16:18.200 --> 0:16:20.480 anybody to make a case that there's a hundred percent 0:16:20.640 --> 0:16:22.000 chance I mean, you just can't and just like I 0:16:22.040 --> 0:16:24.960 can't get a chance to succeeds UM. But you have 0:16:24.960 --> 0:16:27.760 to figure out where you're on that scale. But the 0:16:27.800 --> 0:16:30.680 fact is is that Nightigg was able to leverage the 0:16:31.160 --> 0:16:37.320 biggest rays ever for the bitcoin industry and UM. Basically, 0:16:37.600 --> 0:16:42.280 this just shows how much demand there is for these 0:16:42.320 --> 0:16:45.440 companies to get in. UM, says Nightgg plays a unique 0:16:45.520 --> 0:16:47.720 role in the industry, empowering companies of all types to 0:16:47.760 --> 0:16:51.000 incorporate bitcoin in they secure in compliant way. So, like 0:16:51.040 --> 0:16:52.600 I said, they're working with the banks to do this. 0:16:52.720 --> 0:16:56.280 They also announced that they have enabled the Houston Rockets 0:16:56.280 --> 0:17:00.440 to integrate bitcoin services UM in the first US public 0:17:00.560 --> 0:17:05.160 pension fund to invest into bitcoin. Other recent partnerships include 0:17:05.160 --> 0:17:09.520 digital banking platform Q two UM. And so it's happening, 0:17:09.600 --> 0:17:14.440 It's happening really really fast. It's definitely has UM better 0:17:14.480 --> 0:17:17.560 than a zero percent chance of failure. And so figure 0:17:17.600 --> 0:17:19.560 out where you're on that spectrum. Now, how do you 0:17:19.600 --> 0:17:21.840 manage your risk? Well, do you think it has a 0:17:21.880 --> 0:17:24.960 one percent chance of success? Okay, Well, then do you 0:17:24.960 --> 0:17:26.800 have one percent of your portfolio allocated to it? Do 0:17:26.800 --> 0:17:29.520 you think it has a five percent chance of success? Well, 0:17:29.520 --> 0:17:31.920 then maybe you should have a five percent allocation. Where 0:17:31.960 --> 0:17:34.920 do you sit on that scale, and then that should 0:17:34.960 --> 0:17:39.720 determine what your allocations are towards that UM. If you're 0:17:39.720 --> 0:17:41.280 just tuning in, you listening to the markma Show, we're 0:17:41.280 --> 0:17:43.919 talking about bitcoin, We're talking about cryptocurrencies. We're talking about 0:17:44.000 --> 0:17:47.960 the decentralized revolution that's happening. Of course, we're talking about 0:17:48.160 --> 0:17:51.800 some of the development that's happening on the network right now, 0:17:51.920 --> 0:17:54.920 some of the growth. We're talking about the massive amounts 0:17:54.920 --> 0:17:57.119 of money that are coming into space. A billion dollars 0:17:57.160 --> 0:17:59.320 was just raised by night Egg, by some of the 0:17:59.359 --> 0:18:01.679 smartest money in the space to get into bitcoin. And 0:18:01.720 --> 0:18:05.480 where are you at? Are you in? UM? When I 0:18:05.480 --> 0:18:07.760 come back, I'm gonna give you even more about what's growing. 0:18:07.800 --> 0:18:10.040 So don't go away, all right, Welcome back. You are 0:18:10.040 --> 0:18:12.119 listening to the Mark Moa Show, and we are talking 0:18:12.160 --> 0:18:15.680 about bitcoin. Of course, each and every week we're talking 0:18:15.720 --> 0:18:18.480 about bitcoinen, We're talking about cryptocurrencies. We are talking about 0:18:18.520 --> 0:18:21.840 this decentralized revolution that we are all living through, we're 0:18:21.840 --> 0:18:26.320 all witnessing right now. I think if you just take 0:18:26.359 --> 0:18:29.760 a second just to think about how fortunate we are 0:18:29.840 --> 0:18:31.480 to be living through this time. Now, I get it. 0:18:31.520 --> 0:18:35.440 The world's scary, it's dark, it's dangerous, it's changing rapidly. 0:18:36.160 --> 0:18:39.959 Um planning to be afraid of, planning to be unhappy 0:18:40.000 --> 0:18:42.440 about the way things are evolving. But at the same time, 0:18:42.440 --> 0:18:45.680 it's also pretty amazing. We're witnessing some really big things. 0:18:45.680 --> 0:18:50.320 We're we're witnessing some monumental periods in time that history 0:18:50.359 --> 0:18:53.600 books will be written about. And that is the invention 0:18:53.600 --> 0:18:56.679 of this new technological revolution that's happening, what bitcoin is 0:18:56.760 --> 0:19:00.280 doing now, we're we're talking about some some new that's 0:19:00.280 --> 0:19:02.560 been happening recently. I typically don't like to talk about 0:19:02.560 --> 0:19:03.960 the price of bitcoin as much as I like to 0:19:03.960 --> 0:19:06.000 talk about the development on the network and the growth 0:19:06.000 --> 0:19:08.480 of the network. Um. And you know, we were talking 0:19:08.480 --> 0:19:10.160 about earlier though, I was talking about how the price 0:19:10.240 --> 0:19:12.680 is kind of down, but it's consolidated at a higher level. 0:19:12.720 --> 0:19:14.920 So it had consolidated at thirty a few months ago, 0:19:15.160 --> 0:19:18.399 now it's consolidated at fifty. That's that's pretty positive progress 0:19:18.400 --> 0:19:22.760 in my mind. But we've had some recent catalyst that 0:19:22.840 --> 0:19:25.680 seemed to be propping bitcoin up, and it's coming from 0:19:25.680 --> 0:19:27.920 an unlikely place. So while a lot of people are 0:19:27.960 --> 0:19:30.560 worried about what the Federal Reserve may due to bitcoin. 0:19:31.040 --> 0:19:33.919 It looks like Federal Reserve might actually be trying to 0:19:34.440 --> 0:19:37.520 help out the market. And what do I mean by that, Well, 0:19:37.840 --> 0:19:39.280 there was an article that came out this week on 0:19:39.359 --> 0:19:43.399 Yeah Who Finance talks about how the Fed um speeding 0:19:43.480 --> 0:19:46.920 up the stimulus withdraw is actually pushing the price of 0:19:47.000 --> 0:19:49.640 bitcoin up. And so what do I mean by that, Well, 0:19:50.520 --> 0:19:52.919 you may have heard by now that we have massive 0:19:52.920 --> 0:19:54.480 inflation on our hands. You might have heard of that. 0:19:54.880 --> 0:19:57.439 You might have noticed that it cost way more to 0:19:57.520 --> 0:19:59.600