Speaker 1: Hey, everyone, welcome to another episode of The Mark ma
Speaker 1: Show where we're talking about bitcoin. We're talking about cryptocurrencies,
Speaker 1: and we are talking about the decentralized revolution that is happening.
Speaker 1: We're talking about the intersection of politics and money and technology.
Speaker 1: It's pretty exciting. It's an exciting time to be living through.
Speaker 1: It's a it's an exciting time to be paying attention
Speaker 1: to watching because it is evolving so fast. It's rapidly,
Speaker 1: rapidly moving in front of our eyes. Now, you know,
Speaker 1: I don't always talk about the price of bitcoin. I
Speaker 1: like to talk about the price of bitcoin being a
Speaker 1: distraction UM, And so I don't focus a lot on
Speaker 1: the price. And so if you want the price um
Speaker 1: tuning into me each and every week, you know, we'll
Speaker 1: talk about a little bit. But you know, open up
Speaker 1: your phone, open up coin market cap or trading view.
Speaker 1: You can see what the price is UM. But the
Speaker 1: price is really a short term distraction. That's what I
Speaker 1: like to say. I like to call it a bait
Speaker 1: and switch. You come in trying to make a bunch
Speaker 1: of money, and then you realize it's actually the tool
Speaker 1: that we need to get our freedom back, to fix
Speaker 1: the world. But what I say each and every week
Speaker 1: is that instead of focusing on the price, because the
Speaker 1: price is a short term um indicator, what you really
Speaker 1: want to look at when you're looking at it at
Speaker 1: a network, when you look at new technologies, you want
Speaker 1: to look at the growth of the network. That's the
Speaker 1: expansion of the users, and you want to look at
Speaker 1: the development that's happening on the network. And as long
Speaker 1: as those two things are going, then we know the
Speaker 1: price is going to take care of itself. And so
Speaker 1: those are the things I'd rather spend my time focusing on.
Speaker 1: You should as well, And those are things that I
Speaker 1: like to focus on talking about because they're they're rapidly advancing.
Speaker 1: They're changing pretty fast. Now. About the price, I mean,
Speaker 1: you know, the price of bitcoin is down. We we
Speaker 1: were kind of at a high about well about a
Speaker 1: month ago. For the last thirty days or so, we've
Speaker 1: kind of been in this decline. Um, the price is down.
Speaker 1: But to kind of put into perspective, if you zoom out,
Speaker 1: if you're new to bitcoin, I get it, maybe you
Speaker 1: don't understand, but if you zoom out, you'll see that
Speaker 1: a year ago. So if I look real quick, here
Speaker 1: a year ago the price of bitcoin was seventeen thousand dollars.
Speaker 1: Today it's forty eight thousand dollars. So one year ago
Speaker 1: it was seventeen thousand dollars and the year before that
Speaker 1: it was six thousand dollars. So I went from six
Speaker 1: thousand to seventeen thousand to forty eight thousand. Does that
Speaker 1: sound too volatile to you, Well, now, hang on, hang on.
Speaker 1: Volatility works both ways. Volatility means it goes up and down.
Speaker 1: If it wasn't volatile, would be stuck at zero forever.
Speaker 1: I wanted to be volatile. I want to be highly
Speaker 1: volatile because I want to go up really, really high.
Speaker 1: And so two years ago to the day, we were
Speaker 1: in about six thousand. A year ago, seventeen thousand, this
Speaker 1: year forty eight thousand, So that's pretty good. It's a
Speaker 1: pretty good run up. Now. It went from that seventeen
Speaker 1: thousand a year ago, and it went all the way
Speaker 1: up to sixty five thousand, and then it pulled back
Speaker 1: down to thirty thousand, and it stuck for about two months,
Speaker 1: consolidating in the thirty five thousand range, and then it
Speaker 1: ran to seventy thousand, and it's pulled back and it's
Speaker 1: consolidated in the fifty thousand range, So that's what you're
Speaker 1: looking at. Notice how it consolidated at thirty and now
Speaker 1: it's consolidated at fifty. It's a big difference. So don't
Speaker 1: look at the peak, look at where it's consolidated, and
Speaker 1: look at where that support is at. And so I
Speaker 1: really want to look at the lows, the lows of it.
Speaker 1: So and if you're looking at the trading charts, you
Speaker 1: look at the lows. You want to see. You want
Speaker 1: to see higher lows, and that's what we're seeing, higher lows.
Speaker 1: And as a matter of fact, if you look at
Speaker 1: the lowest price point of every single year, for the
Speaker 1: entire history of bitcoin, the lowest price point every single
Speaker 1: year has always been higher except for one year. But
Speaker 1: other than that one year, the lowest point every single
Speaker 1: year has always been higher. And again I just give
Speaker 1: you the last two years, and it's it's been pretty good.
Speaker 1: To focus on that, but really, like I said, let's
Speaker 1: focus on the growth of the network, and let's focus
Speaker 1: on the development on the network. Now, one of the
Speaker 1: things that I hear a lot is um the government's
Speaker 1: going to make it illegal. It's probably it's one of
Speaker 1: the one of the oldest objections and maybe still one
Speaker 1: of the biggest objection, is that I hear and there's
Speaker 1: a there's a hundred and one reasons why I can
Speaker 1: tell you that's kind of a false uh narrative. The
Speaker 1: first thing I would say is that if a billion
Speaker 1: people don't want to be illegal, it ain't going to
Speaker 1: be illegal. That's the first thing i'd say. The first
Speaker 1: thing I'd say is stop being a sheep, and remember
Speaker 1: that the government's supposed to be working for the people,
Speaker 1: and if the people don't want to be illegal, won't
Speaker 1: be illegal. So I hate that defeatist attitude. So don't
Speaker 1: take that. Don't take the defetius attitude. But the thing
Speaker 1: that I really you know, there's a there's another hundred
Speaker 1: reasons why I could say that of why they wouldn't
Speaker 1: want to make it illegal. But one of the things
Speaker 1: that's been pretty cool that I've been watching is the
Speaker 1: level of entrenchment that we've made into the political system.
Speaker 1: And so the politicians make the rules, and really the
Speaker 1: politicians don't even make the rules. It's the lobbyists that
Speaker 1: make the rules. But one thing that's starting to happen
Speaker 1: right now and and it's it's actually kind of funny.
Speaker 1: Is in California we have Congressman Representative Brad Sherman, and
Speaker 1: Brad Sherman is probably probably I would say, the number
Speaker 1: one most outspoken guy against bitcoin and cryptocurrencies. He hates them.
Speaker 1: He has continued to rail on bitcoin and cryptocurrencies for
Speaker 1: the last couple of years. Um. Just I think a
Speaker 1: week or two ago there was some funny videos where
Speaker 1: he said Bitcoin is gonna be taken out by etherium,
Speaker 1: and Ethereum is gonna be taken out by um dodge coin,
Speaker 1: and dodge Coin is gonna be taken out by squirrel coin,
Speaker 1: and squirrel Coin is gonna be taken out by mongoose coin,
Speaker 1: and uh. And then then sure enough there was like
Speaker 1: this mongoose coin cryptocurrency and like took off, like people's
Speaker 1: are buying it. It's kind of funny. But you know,
Speaker 1: one thing that he does have right is he said
Speaker 1: that he said that bitcoin and cryptocurrencies are a threat
Speaker 1: to the to the dollars status in the world, the
Speaker 1: reserve status in the world, and it limits our ability
Speaker 1: the United States, limits to the United States ability to
Speaker 1: impose economic sanctions against countries like Iran, which she does. Right,
Speaker 1: if we don't use the dollar. If I and doesn't
Speaker 1: use the dollar, then what do they care for the
Speaker 1: U S sanctions and with dollars? Right, they don't. But
Speaker 1: I would say that it was almost like a like
Speaker 1: a talking point for Iran because they're like, oh, really,
Speaker 1: well we should probably go adopted then. So anyway, Brad
Speaker 1: Sherman has been probably number one most outspoken guy. Um.
Speaker 1: Of course not not ironically, all of his biggest supporters
Speaker 1: are financial institutions, so just go look at Brad Shermany
Speaker 1: is to report who his sponsors ours and uh, they're
Speaker 1: all financial institutions, so of course no no surprise there.
Speaker 1: But the ironic thing is is that he is being
Speaker 1: challenged this year by someone named Erica Rhodes. And Erica
Speaker 1: Rhodes is running on a pro bitcoin platform and not
Speaker 1: only is she running a pro bitcoin platform for the primary, um,
Speaker 1: she's also accepting bitcoin for her campaign, which is pretty
Speaker 1: cool and it's pretty ironic. And if you're in California,
Speaker 1: go Erica Rhodes. Let's go ahead and vote that in.
Speaker 1: Let's get Brad Sherman, that guy out of office. But
Speaker 1: she's not the only one. We're seeing more and more
Speaker 1: of this happening um as big coin continues to get
Speaker 1: bigger and bigger and bigger, and we're seeing more people
Speaker 1: get into this. There's there's somebody else that that has
Speaker 1: decided to jump in. There's in Ohio, we have someone
Speaker 1: running the US Senate and uh her name is Morgan Harper,
Speaker 1: and she's again running on a pro bitcoin stance. And
Speaker 1: I think these these politicians are realizing that Paul, that
Speaker 1: the bitcoin is big. There's a lot of people that
Speaker 1: believe in it and a lot of people that want it,
Speaker 1: and they're running on this pro bitcoin stands. So we
Speaker 1: have in Ohio Morgan Harper, three year old Senate candidate
Speaker 1: for Ohio. She says, it's one of the greatest problems
Speaker 1: in our society is too much power centralized in too
Speaker 1: few hands, which produces anti competitive effects that entrenched incumbents
Speaker 1: and prevent innovation. That's what Harper said. She wanted to
Speaker 1: say that it shifts power to a select few large
Speaker 1: cities and a few dominant players within each market and
Speaker 1: away from people in states such as Ohio. So if
Speaker 1: you're in Ohio, be looking out for Morgan Harper. And
Speaker 1: we can see this is really picking up a lot
Speaker 1: of steam. It's not just these local races. We can
Speaker 1: see in offices all around the country. We're starting to
Speaker 1: see the same thing where people are running on this.
Speaker 1: We saw in uh we know at least one senator
Speaker 1: for US House representatives have disclosed they bought cryptocurrency last year. Um,
Speaker 1: we've seen uh numbers of these aids, um of the
Speaker 1: aide that helped these people. As a matter of fact, uh,
Speaker 1: the staffers have been buying cryptocurrency like crazy, including the
Speaker 1: staff director for Senate Republican UM minority leader Mitch McConnell.
Speaker 1: His staffer is buying bitcoin, and so of course we
Speaker 1: know he's got his ear. And so we've reached this
Speaker 1: level of entrenchment, and that's what we want to look at.
Speaker 1: We want to look at the growth of the network.
Speaker 1: And now these politicians are literally running on a pro bitcoin,
Speaker 1: pro cryptocurrency stance, which will continue to grow the network.
Speaker 1: But there's even more. As I said, the rest of
Speaker 1: the laws are coming from the financial institutions, and wait
Speaker 1: until you hear what's going on on that front. There
Speaker 1: is literally billions of dollars poised to jump into the
Speaker 1: market now, of course as an investor, as I try
Speaker 1: to feel like a bitcoin as an investment more as
Speaker 1: a saving opportunity. But what we want to do is
Speaker 1: we want to front run. We want to get in
Speaker 1: front of it. So I want to explain to you
Speaker 1: what these billions of dollars sitting on the on the
Speaker 1: sideline ready to come in. You're listening to the Marks Show.
Speaker 1: We're talking about bitcoin, talking about cryptocurrencies, and of course
Speaker 1: talking about the decentralized revolution. We're talking about the growth
Speaker 1: of the network and the development on the network, which
Speaker 1: are the two things gonna be paying attention to. Don't go,
Speaker 1: I'll be right back everyone. Welcome back. You're listening to
Speaker 1: the Markma Show. We're talking about bitcoin, we're talking about cryptocurrencies,
Speaker 1: and we're talking about the decentralized revolution that is revolutionizing
Speaker 1: the world. Now before the break, we're talking about um,
Speaker 1: some things that I talk about on a regular basis,
Speaker 1: which is when we're looking at new technologies such as cryptocurrencies,
Speaker 1: we don't want to look at the price. The price
Speaker 1: doesn't really tell us much. It's not the signal that
Speaker 1: we're looking for. The signal that we're looking for is
Speaker 1: the development on the network, or to say, the growth
Speaker 1: of the network, how fast the network is growing, and
Speaker 1: the development that's being done on the network. Those are
Speaker 1: the two things that are important. If I was going
Speaker 1: to use an example like Uber, which is a great example,
Speaker 1: I used it quite often. Um, you know when you
Speaker 1: were looking at Uber. Now, first off, Uber was private
Speaker 1: for like ten years. You didn't really see what the
Speaker 1: price of the stock was on a regular basis. But
Speaker 1: imagine if you did so Uber. You know, Uber moved
Speaker 1: into San Francisco and the price of the stock goes up,
Speaker 1: and then oh, nope, the city of San Francisco shu's
Speaker 1: Uber and now it's banned, and then the price drops
Speaker 1: and then oh they moved into Austin and then it's banned,
Speaker 1: and like it would be up and down, up and down,
Speaker 1: but it but it didn't. You didn't have the price
Speaker 1: of it for the first ten years. What you were
Speaker 1: looking at and even still today on most tech stocks,
Speaker 1: you're not looking at the price of the stock. What
Speaker 1: you're looking at is the growth. And they're really most
Speaker 1: of these tech companies are sacrificing profits to grow. They're
Speaker 1: trying to grow the network as fast as they can,
Speaker 1: so in Uber's case, we couldn't see the price, but
Speaker 1: we were looking at us how fast were they expanding,
Speaker 1: how many markets were they opening up, and that we're
Speaker 1: looking at how many markets were being open up, how
Speaker 1: many users were using it. And then the second thing
Speaker 1: was the development, adding on Uber Eats and adding on
Speaker 1: things like that, um the new apps and the upgrades
Speaker 1: of the rideshare and then the black cars and all
Speaker 1: those things. So we're looking at the growth and we're
Speaker 1: looking at the development, and that's how you want to
Speaker 1: look at technology, and that's the things we should be
Speaker 1: focused on in the bitcoin of cryptocurrency space. And so
Speaker 1: I was talking about the h the how how we're
Speaker 1: starting to see a lot more lawmakers, Republicans or should
Speaker 1: say senators and congress people taking taking taking it not
Speaker 1: only for campaign on contributions, but also running on these platforms.
Speaker 1: I'll throw out one more time back to Erica Rhodes
Speaker 1: running in California, trying to replace Brad Sherman. If you're
Speaker 1: in California, definitely take a look at her UM. But
Speaker 1: then something else that I want to talk about, which
Speaker 1: is the growth of the network and the development of
Speaker 1: the network, is that there is massive amounts of money
Speaker 1: sitting on the sideline ready to come in. And this
Speaker 1: is one thing that's that's incredibly bullish for me to watch. Now,
Speaker 1: last year a company called night digg it's n y
Speaker 1: d i G nighted came into game and and basically
Speaker 1: change the entire game. Now. Nightigg Um does like a
Speaker 1: back office services for banks, and they announced actually, you know,
Speaker 1: it was this year, earlier this year, maybe like March
Speaker 1: of this year, and they announced that they were going
Speaker 1: to help banks um be able to buy, sell, and
Speaker 1: store bitcoin inside their bank checking accounts customers. And it's
Speaker 1: about three hundred banks that service, like three hundred million
Speaker 1: checking accounts, and that was pretty big. That was massive.
Speaker 1: And so nightg came with this big old splash and
Speaker 1: and so far it's it's been happening. We've seen several
Speaker 1: banks I've been I've been researched or been talking about this.
Speaker 1: We saw a U. S Bank I think it's like
Speaker 1: the fifth largest bank in the United States has opened
Speaker 1: that up. But recently nightigg has been continuing to raise eyebrows,
Speaker 1: continuing to grow, and they're they're big, they're a big,
Speaker 1: big financial services company. And this week they went into
Speaker 1: a money raising round to go raise more money to
Speaker 1: continue growing, and they had this funding round led by
Speaker 1: a company called Westcap. West Cap is a giant venture
Speaker 1: firm that helps these companies raise money, and Westcap led
Speaker 1: Nightigg into what is probably the largest funding round in
Speaker 1: the history of bitcoin, the largest funding we've ever seen.
Speaker 1: Nightigg raised one billion dollars in a funding round led
Speaker 1: by growth equity from Westcap, valuing the company at a
Speaker 1: whopping seven billion dollars, which is massive A billion dollars
Speaker 1: raised for a seven bill valuation. Best venture partners Fintech
Speaker 1: Collective participated in the round, helping finance the bitcoin services
Speaker 1: providers expansion and growth. Existing investors a firm mass Mutual.
Speaker 1: By the way, mass Mutual is one of the oldest
Speaker 1: insurance companies the United States. Morgan Stanley, one of the
Speaker 1: biggest um financial service companies the United States, and New
Speaker 1: York Life Insurance Company also joined mass Mutual. Now, a
Speaker 1: lot of boomers don't understand bitcoin. It's too it's as
Speaker 1: old technology, right Like, I'm sorry, I'm too old to
Speaker 1: understand technology. I'll just buy gold Well mass Mutual. Mass
Speaker 1: Mutual is the oldest UH insurance coming United states that
Speaker 1: they're over a hundred years old. They get it. They
Speaker 1: get it. Mass Mutual Morgan Stanley in New New York Life.
Speaker 1: The one thing that I like to see about these
Speaker 1: things is that you know, I've been been been a
Speaker 1: full time you know, professional career investor from from my
Speaker 1: my whole career. Invested in a lot of deals. I
Speaker 1: invested into a lot of like private deals, a lot
Speaker 1: of early stage venture pre I p O deals, and
Speaker 1: um I invested into these types of deals across you know,
Speaker 1: multiple different disciplines or different asset classes. And I can't
Speaker 1: know about all these I can't be an expert in
Speaker 1: all these and so what I do is I look
Speaker 1: to see who else is in on the deal, who
Speaker 1: else is there? And I never ever ever want to
Speaker 1: be the smartest guy in the deal. What I want
Speaker 1: is I want to see someone really, really big, someone
Speaker 1: really smart in the deal, because what it does is like,
Speaker 1: well if they got them convinced, then um, it should
Speaker 1: be pretty good for me. So what these typically companies
Speaker 1: typically want to do is they want to get like
Speaker 1: this lead investor to kind of lead the deal. And
Speaker 1: so when I want, you know, so for a lot
Speaker 1: of you that may be listening, going, ah, come on, Mark,
Speaker 1: Bitcoin is a scam. Bitcoin is never gonna work, Bitcoin
Speaker 1: is gonna be illegal, Bitcoin is gonna be whatever. Fill
Speaker 1: in the blank. What I would say is sure anything
Speaker 1: is probable. I mean it, it has it has a
Speaker 1: greater than zero percent chance of probability. That's that's true.
Speaker 1: But I would just ask yourself, are you smarter than
Speaker 1: Mass Mutual and Morgan Stanley in New York Life, because uh,
Speaker 1: I'm not. I'm certainly not. And so when you see
Speaker 1: that Mass Mutual Morgan Stanle the New York Life are
Speaker 1: in on deals that that should tell you something. I
Speaker 1: should just tell you something. And so um maybe maybe
Speaker 1: maybe it's maybe you were going from a hundred percent skeptical,
Speaker 1: like a hundred percent like there's no way I give
Speaker 1: the zero percent chance to maybe go on, we'll shoot
Speaker 1: if those guys are in, maybe I give it a
Speaker 1: chance of making it then, right, I still think it's
Speaker 1: an eight percent chance of failure, but maybe maybe there's
Speaker 1: twenty percent chance of succeeds. Maybe it's whatever that number
Speaker 1: is for you, But it would be hard for you,
Speaker 1: anybody to make a case that there's a hundred percent
Speaker 1: chance I mean, you just can't and just like I
Speaker 1: can't get a chance to succeeds UM. But you have
Speaker 1: to figure out where you're on that scale. But the
Speaker 1: fact is is that Nightigg was able to leverage the
Speaker 1: biggest rays ever for the bitcoin industry and UM. Basically,
Speaker 1: this just shows how much demand there is for these
Speaker 1: companies to get in. UM, says Nightgg plays a unique
Speaker 1: role in the industry, empowering companies of all types to
Speaker 1: incorporate bitcoin in they secure in compliant way. So, like
Speaker 1: I said, they're working with the banks to do this.
Speaker 1: They also announced that they have enabled the Houston Rockets
Speaker 1: to integrate bitcoin services UM in the first US public
Speaker 1: pension fund to invest into bitcoin. Other recent partnerships include
Speaker 1: digital banking platform Q two UM. And so it's happening,
Speaker 1: It's happening really really fast. It's definitely has UM better
Speaker 1: than a zero percent chance of failure. And so figure
Speaker 1: out where you're on that spectrum. Now, how do you
Speaker 1: manage your risk? Well, do you think it has a
Speaker 1: one percent chance of success? Okay, Well, then do you
Speaker 1: have one percent of your portfolio allocated to it? Do
Speaker 1: you think it has a five percent chance of success? Well,
Speaker 1: then maybe you should have a five percent allocation. Where
Speaker 1: do you sit on that scale, and then that should
Speaker 1: determine what your allocations are towards that UM. If you're
Speaker 1: just tuning in, you listening to the markma Show, we're
Speaker 1: talking about bitcoin, We're talking about cryptocurrencies. We're talking about
Speaker 1: the decentralized revolution that's happening. Of course, we're talking about
Speaker 1: some of the development that's happening on the network right now,
Speaker 1: some of the growth. We're talking about the massive amounts
Speaker 1: of money that are coming into space. A billion dollars
Speaker 1: was just raised by night Egg, by some of the
Speaker 1: smartest money in the space to get into bitcoin. And
Speaker 1: where are you at? Are you in? UM? When I
Speaker 1: come back, I'm gonna give you even more about what's growing.
Speaker 1: So don't go away, all right, Welcome back. You are
Speaker 1: listening to the Mark Moa Show, and we are talking
Speaker 1: about bitcoin. Of course, each and every week we're talking
Speaker 1: about bitcoinen, We're talking about cryptocurrencies. We are talking about
Speaker 1: this decentralized revolution that we are all living through, we're
Speaker 1: all witnessing right now. I think if you just take
Speaker 1: a second just to think about how fortunate we are
Speaker 1: to be living through this time. Now, I get it.
Speaker 1: The world's scary, it's dark, it's dangerous, it's changing rapidly.
Speaker 1: Um planning to be afraid of, planning to be unhappy
Speaker 1: about the way things are evolving. But at the same time,
Speaker 1: it's also pretty amazing. We're witnessing some really big things.
Speaker 1: We're we're witnessing some monumental periods in time that history
Speaker 1: books will be written about. And that is the invention
Speaker 1: of this new technological revolution that's happening, what bitcoin is
Speaker 1: doing now, we're we're talking about some some new that's
Speaker 1: been happening recently. I typically don't like to talk about
Speaker 1: the price of bitcoin as much as I like to
Speaker 1: talk about the development on the network and the growth
Speaker 1: of the network. Um. And you know, we were talking
Speaker 1: about earlier though, I was talking about how the price
Speaker 1: is kind of down, but it's consolidated at a higher level.
Speaker 1: So it had consolidated at thirty a few months ago,
Speaker 1: now it's consolidated at fifty. That's that's pretty positive progress
Speaker 1: in my mind. But we've had some recent catalyst that
Speaker 1: seemed to be propping bitcoin up, and it's coming from
Speaker 1: an unlikely place. So while a lot of people are
Speaker 1: worried about what the Federal Reserve may due to bitcoin.
Speaker 1: It looks like Federal Reserve might actually be trying to
Speaker 1: help out the market. And what do I mean by that, Well,
Speaker 1: there was an article that came out this week on
Speaker 1: Yeah Who Finance talks about how the Fed um speeding
Speaker 1: up the stimulus withdraw is actually pushing the price of
Speaker 1: bitcoin up. And so what do I mean by that, Well,
Speaker 1: you may have heard by now that we have massive
Speaker 1: inflation on our hands. You might have heard of that.
Speaker 1: You might have noticed that it cost way more to
Speaker 1: fill up your tank with gas, or to fill up
Speaker 1: your bass it with groceries at the store, or to
Speaker 1: buy a house for the center, kids to college, or
Speaker 1: whatever you you may need to spend money on. You
Speaker 1: probably realize it's much higher. And so last week the
Speaker 1: Fed put out their numbers and we saw that the
Speaker 1: inflation number they give to a c p I, which
Speaker 1: is actually cp LIE. CPI is the consumer price Index
Speaker 1: UM and so basically they take into the basket of goods.
Speaker 1: So let's say that you go to the grocery store
Speaker 1: and you buy, you know, a steak, you buy a
Speaker 1: gallon of milk, you buy a thing of cheese. You
Speaker 1: buy a cart and get eggs and you and you
Speaker 1: see how much that costs, and then you track that
Speaker 1: same basket over time, and then you see what the
Speaker 1: changes in those prices are the problem with cp I
Speaker 1: is consumer Price Index is that the government changes the
Speaker 1: basket on us all the time to show whatever numbers
Speaker 1: they want. So, for example, in the in the basket
Speaker 1: that they show us right now, the six point eight number,
Speaker 1: they exclude food and energy. Well that's pretty interesting because
Speaker 1: food and energy are the ones that have gone up
Speaker 1: the most and they're the most important to us. You
Speaker 1: can't live without food, you can't live without energy. Now,
Speaker 1: if they want to include the price of t vs,
Speaker 1: I'll share TVs have come down. That looks cool, But
Speaker 1: food and energy are the things that we need, and
Speaker 1: so they don't count those things. So they're constantly changing
Speaker 1: the rules of how they how they measure that basket,
Speaker 1: which is why I call it cp LIE. And they're
Speaker 1: really changing that basket because they're trying to push their
Speaker 1: narrative right. They don't want inflation to go too high
Speaker 1: for a couple of reasons. I think the main two
Speaker 1: reasons would be one, if they show that some that
Speaker 1: the inflation numbers higher, one, they are going to have
Speaker 1: a harder time to print more money. Right. What the
Speaker 1: fight can say is we're not getting enough inflation. We
Speaker 1: need more inflation. We need to print more money. That's
Speaker 1: one we're gonna talk about that. The second one, though,
Speaker 1: is that they if the CPI numbers going higher, that
Speaker 1: means the cost of living is going higher. If the
Speaker 1: cost of living goes higher, that means everybody on Social
Speaker 1: Security and entitlements needs to get paid more money. And
Speaker 1: the unfunded liabilities, so that's the money the government knows
Speaker 1: for for Medicare and so he reading and things like that,
Speaker 1: is about two hundred trillion dollars. Now, to put that
Speaker 1: into perspective, and we threw around these big numbers all
Speaker 1: the time. To put that into perspective. You know, the
Speaker 1: debt of the United States is just under thirty trillion,
Speaker 1: So there's two hundred trillion of unfunded liabilities. And so
Speaker 1: if the CPI number goes higher, then they have to
Speaker 1: pay out more money. But it's gonna be hard because
Speaker 1: they're already so deep in debt. But the one I
Speaker 1: want to talk about today is um they need to
Speaker 1: continue to stimulate the markets. They have to continue to
Speaker 1: pump money into the markets because it's the basically a
Speaker 1: giant Ponzi scheme the markets if they stop putting money in.
Speaker 1: So right now they're putting money in through stimulus, and
Speaker 1: so they're putting about. They've been putting about a hundred
Speaker 1: and twenty billion dollars a month into the markets to
Speaker 1: keep the markets from crashing. And they've degree they've decided
Speaker 1: to go ahead and taper. That means they're gonna put
Speaker 1: less money and they've agreed to put in fifteen billion
Speaker 1: less than normal on a monthly basis, and they're also
Speaker 1: talking about raising rates. If they raise interest rates, they
Speaker 1: could try to slow that inflation down. The problem is
Speaker 1: that you can't taper a ponzi and so the market's
Speaker 1: only staying up and only going up because they continue
Speaker 1: to put so much money in. But as soon as
Speaker 1: they pull back and stop putting money in, guess what
Speaker 1: happens the market crashes. Now we know this to be
Speaker 1: true because when they try to do this before in
Speaker 1: the markets crashed, and so they're stuck in this very
Speaker 1: difficult situation. However, the inflation is raging so high that
Speaker 1: they have to do something. The people are demanding it.
Speaker 1: We have we have you know, President Biden is now
Speaker 1: um calling the FTC and the gas companies to find
Speaker 1: out why they're charging so much for gas. We have
Speaker 1: Elizabeth Warren and she's uh, she wants to look into
Speaker 1: why turkeys are so expensive and why meat is so expensive.
Speaker 1: And it must be these greedy businesses, or they could
Speaker 1: just look at themselves in their monetary policy that they've
Speaker 1: taken off. But they've got to do something right. And
Speaker 1: so everybody's watching the Federal Reserve and the central banks
Speaker 1: and UM. Basically, the Federal Reserve now has officially taken
Speaker 1: some steps to accelerate the withdrawal of the unprecedented monetary
Speaker 1: stimulus used to prop up markets in the wake of
Speaker 1: the coronavirus, acknowledging the growing threat of inflation now at
Speaker 1: a thirty nine year high. So the US Central Bank
Speaker 1: meeting was being closely watched by digital asset traders because
Speaker 1: many bitcoin investors see the cryptocurrency as a hedge against
Speaker 1: the potential debasement of the dollar that might result from
Speaker 1: the monetary stimulus, which is facilitated by the FED money printing,
Speaker 1: so a faster withdrawal the stimulus might prove provide an
Speaker 1: extra headwind for bitcoin prices, but bitcoin prices jumped after
Speaker 1: the FED decision. Instead, the FED announced that two pm Eastern,
Speaker 1: signaling that traders may have been worried about an even
Speaker 1: more aggressive withdrawal the stimulus and a faster interest rate
Speaker 1: increases next year. The bitcoin price had fallen December Loan.
Speaker 1: That's what they're saying is that maybe a lot of
Speaker 1: people were already pricing this into the market. So the
Speaker 1: markets are what's called a discounting mechanism. That means that
Speaker 1: the market are always trying to guess correctly will the
Speaker 1: prices be higher or lower. So I'll buy a stock
Speaker 1: today hoping the price is higher in the future, I'll
Speaker 1: buy it, you know, shorten it and hoping it's be
Speaker 1: lower in the future. And so what they're saying is
Speaker 1: that everybody here to do with with inflation so high
Speaker 1: with the cp IP that um the FED was gonna
Speaker 1: have to do something raise rates or or do this withdrawal.
Speaker 1: And so a lot of people are thinking that bitcoin's
Speaker 1: price was crashing in advance. So people were already anticipating
Speaker 1: this happening. But when they finally announced what they're gonna do.
Speaker 1: It actually came in much less than what they had expected,
Speaker 1: and so um once they announced it and it wasn't
Speaker 1: so bad, the price of bitcoin popped up. That's what
Speaker 1: they're saying. Maybe maybe not. I don't know, what do
Speaker 1: you think. I'd love to hear from you guys that
Speaker 1: are listening. If you want to shoot me a message,
Speaker 1: you can hit me up on Instagram or Twitter at
Speaker 1: one Mark Moss. That's just the number one at one
Speaker 1: Mark Moss. Say you're here hearing me on the radio,
Speaker 1: Get at me, shoot me a question, Say you heard
Speaker 1: me here. I I'm super active on on those platforms.
Speaker 1: I'd love to get back to you if I hear that,
Speaker 1: and tell me what you think. Do you think that
Speaker 1: they were that that the bitcoin market jumped because of that? Now?
Speaker 1: For me, for me personally, I don't try to find
Speaker 1: a reason for every single price movement. The price goes up,
Speaker 1: if the price goes down on a short term basis,
Speaker 1: I don't try to find reasons for all that. But
Speaker 1: maybe maybe that makes sense, right, we know, like I said,
Speaker 1: the Fed said they were gonna taper at fifteen billion.
Speaker 1: Now they're gonna do thirty billion a month, but that
Speaker 1: a lot of people thought it'd be worse, and maybe
Speaker 1: maybe they're happy about that. Now. Something to keep in
Speaker 1: mind is that just because they're going to stimulate less,
Speaker 1: it doesn't mean they're stopping stimulation. They're going from a
Speaker 1: hundred and twenty billion a month to a hundred and
Speaker 1: five a month of still printing fake counterfeit money sticking
Speaker 1: into the system. So it's not like they're gonna stop
Speaker 1: doing this. No no, no, no no. They're only just
Speaker 1: gonna slow it down just a little bit. So it's
Speaker 1: not that much. Now. By the way, you're listening to
Speaker 1: the Mark Moa show, we're talking about bitcoin, we're talking
Speaker 1: about cryptocurrencies, we're talking about the decentralized revolution. We're talking
Speaker 1: about what's going on with FED and potentially driving the
Speaker 1: price of bitcoin higher, which is a pretty interesting corollary
Speaker 1: to look at. And I'm just trying to give you
Speaker 1: all the reasons as to why the network is growing,
Speaker 1: why the development of the network is growing, and how
Speaker 1: we should be focused on this so we don't get
Speaker 1: shaken out by these short term price moves. What happens
Speaker 1: is the price drops and a lot of people that
Speaker 1: don't understand it, are scared and they sell. They miss
Speaker 1: out when the market bounces back higher, which it which
Speaker 1: it does. We could, you know, have thousands allar canels
Speaker 1: in a day. And that's what I'm trying to prevent
Speaker 1: from happening to you. So don't go away. Le'll right back.
Speaker 1: All right, welcome back. You are listening to the Markma Show,
Speaker 1: and we're talking about bitcoin and we're talking about cryptocurrencies.
Speaker 1: We're talking about the decentralized revolution that's happening. And this segment,
Speaker 1: what we're talking about is ignore the price. It's a
Speaker 1: short term distraction. Um, we want to focus on the
Speaker 1: growth of the network. Want to focus on the development
Speaker 1: of the network, and so I'm bringing to you the
Speaker 1: latest news and information so you can stay up on
Speaker 1: those two things, the growth of the network, development on
Speaker 1: the network. Before the break, we were talking about how
Speaker 1: the Federal Reserve, the Central Bank of the United States
Speaker 1: their policy and how potentially their policy. Um, they've decided
Speaker 1: that they are putting way too much money into the
Speaker 1: system and that they should taper. They should just put
Speaker 1: a little bit less fake fiat counterfeit money into the system.
Speaker 1: And uh, you know, typically you know, bitcoin is kind
Speaker 1: of this hedge against that inflation, and so typically when
Speaker 1: they pull back, you would expect that maybe bitcoin wouldn't
Speaker 1: do us good, right, um, but bitcoin actually jumped, and
Speaker 1: so some are speculating I don't know if this is
Speaker 1: true or not, but you can you can decide and
Speaker 1: shoot me a message let me know. But that maybe
Speaker 1: that they were expecting the FED to do way more
Speaker 1: and they didn't do as much, and so maybe that
Speaker 1: was one of the reasons why bitcoin jumps, which is
Speaker 1: kind of interesting. Um. But some other things that were
Speaker 1: really big. We talked about, you know, uh, some politicians
Speaker 1: that are running on the bitcoin platform. We talked about
Speaker 1: night Digg raising over a billion dollars amazing billion dollars
Speaker 1: from some of the oldest companies in the space, mean
Speaker 1: Mass Mutual, New York Life Insurance, cetera. You're not smarter
Speaker 1: than them. Just tell yourself that you are not smarter
Speaker 1: than the Uh. If they have that much faith with
Speaker 1: ore all their other PhDs and experts, then maybe you
Speaker 1: should have a little bit belief in it. Um. And
Speaker 1: then we were talking about, like I said, the FED.
Speaker 1: Another thing that I saw this week is that you know, obviously,
Speaker 1: I've I've talked quite a bit about El Salvador and
Speaker 1: how Salvador has adopted it as a legal reserve UM
Speaker 1: and it's been growing fast down there. It's been amazing.
Speaker 1: Now now Salvadors launched their their bitcoin bond UM and
Speaker 1: it's it's amazing. And now we started to see news
Speaker 1: of maybe Paraguay UM doing the same thing, and I
Speaker 1: think it's only a matter of time before we see
Speaker 1: more and more and more countries starting to adopt this.
Speaker 1: And and this week we also saw the country of
Speaker 1: Minimur Minimore UM said that they want to use tether
Speaker 1: an official currency. So the stable cooin issuer called in
Speaker 1: EU G S U S T D adoption a significant
Speaker 1: event that goes beyond the potentials of cryptocurrency. So U
Speaker 1: S d T that's U D tether. So what is tether.
Speaker 1: So tether is a dollar backed stable coin. And basically
Speaker 1: what that means is when you give them a dollar
Speaker 1: of U S dollar, they give you back a cryptocurrency
Speaker 1: token that's worth the same dollar. And so it's stable,
Speaker 1: it's always pegged, it's pegged to the dollar. And so
Speaker 1: UM there's a there's a bunch of these different different
Speaker 1: stable coins out there. And you know, also we're starting
Speaker 1: to see governments, including the United States, working on creating
Speaker 1: an essential bank digital currency, which would also be like
Speaker 1: a dollar. And so um, we've seen, um the rise
Speaker 1: of these um stable coins, the rise of these these
Speaker 1: central bank digital currencies UM. And this is the first
Speaker 1: time that we've seen an actual country. Now. Granted it's
Speaker 1: their shadow government run by the supporters of Nobel Peace
Speaker 1: Prize winner ang Son UM, so it's another main government
Speaker 1: as the shadow government. But they've announced that the tether
Speaker 1: is an official currency for local use and they want
Speaker 1: people to use it um now as a stable coin,
Speaker 1: which is basically like using the dollar, which would really
Speaker 1: be no different than, like I said, using a central
Speaker 1: bank digital currency, which of course I'm not not big
Speaker 1: of a fan of because it's the same as fiat
Speaker 1: is just digital. However, I think that central bank digital
Speaker 1: currencies and even these stable coins are what I would
Speaker 1: consider to be like a trojan horse. And so what
Speaker 1: do I mean by that, Well, I think it brings
Speaker 1: people into the space because right now, let's say a
Speaker 1: lot of people might be skeptical on bitcoin. UM. I
Speaker 1: don't know how to use it. I don't know if
Speaker 1: it's safe. I don't know if it's real. I don't
Speaker 1: know if I can trust money that's digital. All these things, right,
Speaker 1: But once they use a central bank digital currency that's
Speaker 1: recognized by their bank and it's recognized by their government,
Speaker 1: it just gives them, um that mental um kind of
Speaker 1: it tricks them a little bit. I guess into thinking
Speaker 1: that it's safe, and we'll shoot. I guess if my
Speaker 1: government used it, if my bank used it, then it
Speaker 1: must be safe. And then once they start using that,
Speaker 1: then to jump to bitcoin is not a big jump
Speaker 1: at all, and as a matter of fact, it would
Speaker 1: even facilitate or even push that jump, because as you're
Speaker 1: using that stable coiner or specifically using the central bank
Speaker 1: digital currency, you're gonna be looking at it against Bitcoin
Speaker 1: and you're gonna wonder why Bitcoin as priced in that
Speaker 1: central maink digital currency, that stable coin continues to go
Speaker 1: up in value, and you're gonna ask yourself, we'll shoot.
Speaker 1: Now that I'm holding cryptocurrencies and using cryptocurrencies, even though
Speaker 1: it's a stable coin or central bank digital currency. Um,
Speaker 1: now that I'm using um these these cryptocurrencies, why is
Speaker 1: it that bitcoin keeps going up in value, and then
Speaker 1: you're gonna go, well, shoot, why am i story and
Speaker 1: all my wealth in this stable coin or the central
Speaker 1: make digital currency it's losing value to bitcoin? Why am
Speaker 1: I not just holding bitcoin? And so that's why it's
Speaker 1: this trojan horse that I think will just bring people
Speaker 1: in that way, which I think is pretty cool. Um.
Speaker 1: On top of that, we're talking about, like I said,
Speaker 1: the price of bitcoin going up based off of that
Speaker 1: Federal Reserve statement, which you know, may or it may
Speaker 1: not have happened. I don't try to make sense of
Speaker 1: every single move. But something else that we do know
Speaker 1: is that, um, it's December, and December means it is
Speaker 1: the end of the year, which means it is tax time,
Speaker 1: and so December is typically a rough time for stocks overall.
Speaker 1: So stocks, um, you can lump cryptocurrencies in that as well,
Speaker 1: and that's typically this, uh, this kind of rough turbulent
Speaker 1: time for that. Part of the reason why is because
Speaker 1: as of the end of the year, a lot of
Speaker 1: people are taking moves for tax purposes. So for example,
Speaker 1: if you're a CEO of a big corporation, um, and
Speaker 1: let's say that your stock is at an all time higher, right,
Speaker 1: now or or whatever, it's higher than it was, you
Speaker 1: probably want to sell off a bunch of those stocks
Speaker 1: to realize the profits so you can get a massive bonus.
Speaker 1: That might be one reason. And so, UM, you see
Speaker 1: a lot of these ceo is doing that, which creates
Speaker 1: this downward selling pressure and more some downwards pressure creates
Speaker 1: more downward pressure, and then all the bots start trading
Speaker 1: and the price starts dropping. Um. Also with bitcoin and cryptocurrencies,
Speaker 1: we might see the same thing. So for example, what
Speaker 1: you can do with your bitcoin and your cryptocurrency right now? Uh,
Speaker 1: And it's the big thing. Take note of this. I
Speaker 1: think I'm talking about it once before a few weeks ago,
Speaker 1: is that you can do something what's known as a
Speaker 1: wash sale or wash trading. Now, this is typically not
Speaker 1: allowed in other types of assets. And so if I
Speaker 1: held stock and I were to sell that stock at
Speaker 1: a loss, I wouldn't be able to buy that stock again.
Speaker 1: I think it's thirty days. Talk to your tax professional
Speaker 1: about it. I think it's thirty days. You can't buy
Speaker 1: that stock again. Both cryptocurrencies, you don't have that situation. Um.
Speaker 1: They're trying to change. I believe they're going to change
Speaker 1: the rule for next year two. But as you don't
Speaker 1: have that rule. So if you bought bitcoin at sixty
Speaker 1: nine thousand and today it's sitting at forty eight thousand, UM,
Speaker 1: you could sell the bitcoin and instantly buy it back.
Speaker 1: So you'd buy it at sixty nine thousand, you sold
Speaker 1: it at forty eight thousand, you have about a twenty
Speaker 1: thousand dollar loss. But then I just rebuy it, so
Speaker 1: I still have the bitcoin UM and I saw it
Speaker 1: the same price, but now I have a twenty thousand
Speaker 1: dollar loss sitting on my books, and now I can
Speaker 1: apply that loss to any other gains that I have. Now,
Speaker 1: this is a massive opportunity for you right now at
Speaker 1: the end of the year, because as I said, you
Speaker 1: can't do this on other assets, and they're trying to
Speaker 1: change the law so you can't do this next year,
Speaker 1: and so you want to offset any gains you have
Speaker 1: with those losses. And so that also might be some
Speaker 1: of the reason that's kind of creating this UM, this
Speaker 1: this selling pressure on on it. Now, like I said,
Speaker 1: I don't try to look at the price on a
Speaker 1: short term basis. I'm not trying to guess about that.
Speaker 1: As we already talked about before the price of bitcoin
Speaker 1: has continued to go up higher and higher and higher.
Speaker 1: As we talked about it was it was seven thousand
Speaker 1: dollars two years ago, was fourteen seventeen thousand dollars a
Speaker 1: year ago, and today at so um. Just continue to
Speaker 1: stay zoom out, look at the long term price. But
Speaker 1: if you are sitting on some losses, now might be
Speaker 1: the time to lock those things and capture those losses
Speaker 1: and write that off against any gains. Now, again, everybody's
Speaker 1: tax situation is different. We are not in this together.
Speaker 1: That's the lie being told to us. We're not in
Speaker 1: this together. All of her situations are different. So consult
Speaker 1: with your tax professional, see if that works for you,
Speaker 1: and right what the right thing is for you. I think, though,
Speaker 1: once we get through this end of year cycle, I
Speaker 1: think we'll see things starting to take off. Like we
Speaker 1: talked about with Nightigg taking on that billion dollars of capital,
Speaker 1: and from some of my friends that I'm hearing the
Speaker 1: chatter on the wire, there's billions and billions of dollars
Speaker 1: literally sitting on the sidelines ready to jump into the market.
Speaker 1: And I think once we get through the end of
Speaker 1: the year, we'll probably start to see that. I don't know,
Speaker 1: I'm not predicting it, but get your money in while
Speaker 1: you still can. But stay zoomed out and focus on
Speaker 1: the long term. And by the way, you're listening to
Speaker 1: the Markma Show, we're talking about bitcoin, We're talking about cryptocurrencies.
Speaker 1: We're talking about this giant decentralized revolution that is changing
Speaker 1: the world. We're talking about the two things that we
Speaker 1: should be focusing on, not the price. We're focused on
Speaker 1: the growth of the network and the development of the network.
Speaker 1: As long as you stay focused on those two things,
Speaker 1: you're gonna be looking at the signal and not the noise.
Speaker 1: All Right, you listen to the Markma Show. Bitcoin, Cryptocurrencies,
Speaker 1: decentralized Revolution. Thank you so much for listening.