1 00:00:00,080 --> 00:00:02,960 Speaker 1: Everyone, welcome back. You are listening to the Mark Moas Show. 2 00:00:02,960 --> 00:00:06,960 Speaker 1: We're talking about the decentralized revolution that is happening right now, 3 00:00:07,000 --> 00:00:08,960 Speaker 1: the one that we're living through. We're talking about bitcoin, 4 00:00:08,960 --> 00:00:13,200 Speaker 1: we're talking about cryptocurrencies. We're talking about the intersection between 5 00:00:13,280 --> 00:00:17,600 Speaker 1: politics and finance and technology as it's changing the world 6 00:00:17,640 --> 00:00:20,120 Speaker 1: that we're living in now. I'm with each and every 7 00:00:20,120 --> 00:00:22,400 Speaker 1: week trying to keep you up to date because this 8 00:00:22,600 --> 00:00:25,119 Speaker 1: is moving so fast, and it's so it's moving so fast, 9 00:00:25,120 --> 00:00:27,560 Speaker 1: and it's so important for you to understand, so important 10 00:00:27,560 --> 00:00:29,960 Speaker 1: for you to understand because this will be the biggest 11 00:00:29,960 --> 00:00:31,960 Speaker 1: opportunity of your life. You can either take advantage or 12 00:00:31,960 --> 00:00:34,839 Speaker 1: you can be left behind. And so I urge you. 13 00:00:35,120 --> 00:00:37,519 Speaker 1: I welcome you. I ask you to tune in each 14 00:00:37,560 --> 00:00:39,760 Speaker 1: and every week. UM put a reminder on your calendar 15 00:00:39,760 --> 00:00:41,519 Speaker 1: for this date, this time, this channel to make sure 16 00:00:41,640 --> 00:00:43,519 Speaker 1: you tune in with me. Try to bring you the 17 00:00:43,720 --> 00:00:46,280 Speaker 1: education that you need so you can get the right perspective. 18 00:00:46,320 --> 00:00:48,120 Speaker 1: I'd bring you the latest breaking news to you know 19 00:00:48,159 --> 00:00:50,480 Speaker 1: what's going on, and then I bring you some interesting 20 00:00:50,520 --> 00:00:54,000 Speaker 1: people to hear from each end every week, and you 21 00:00:54,000 --> 00:00:58,960 Speaker 1: know this is changing, it's changing really fast. And you know, 22 00:00:59,240 --> 00:01:02,440 Speaker 1: an old them doesn't die without a fight. Um. There's 23 00:01:02,480 --> 00:01:06,560 Speaker 1: something known as creative destruction, and that means that when 24 00:01:06,640 --> 00:01:09,800 Speaker 1: something new is created, it destroys the old way. It's 25 00:01:09,840 --> 00:01:11,760 Speaker 1: kind of like a forest fire. The forest fire, you 26 00:01:11,800 --> 00:01:14,000 Speaker 1: kind of gotta burn the underbrush so that the new 27 00:01:14,080 --> 00:01:17,600 Speaker 1: growth can come. It's kind of like Kodak, the company 28 00:01:17,640 --> 00:01:19,319 Speaker 1: that made film. If you're young, you may not know 29 00:01:19,360 --> 00:01:22,720 Speaker 1: about Kodak, but Kodak was over a hundred year old 30 00:01:22,720 --> 00:01:26,080 Speaker 1: company that made film for cameras. And we don't use 31 00:01:26,160 --> 00:01:30,280 Speaker 1: film and cameras anymore today. We have digital cameras, and 32 00:01:30,319 --> 00:01:34,800 Speaker 1: so the digital camera destroyed Kodak, a film company, a 33 00:01:34,840 --> 00:01:37,440 Speaker 1: hundred year old film company, and that's what creative destruction 34 00:01:37,520 --> 00:01:40,400 Speaker 1: is now. Typically what happens is those incumbents, those those 35 00:01:40,440 --> 00:01:42,640 Speaker 1: companies that are in place, or that that system that's 36 00:01:42,640 --> 00:01:46,720 Speaker 1: in place doesn't want to go away. Especially in today's 37 00:01:46,800 --> 00:01:48,960 Speaker 1: day and age. We're not in a capitalist society. We're 38 00:01:48,960 --> 00:01:51,080 Speaker 1: in a chrony society. And so what we have is 39 00:01:51,120 --> 00:01:54,280 Speaker 1: these big companies use the government to make laws to 40 00:01:54,360 --> 00:01:59,520 Speaker 1: protect themselves and protect themselves from new companies out innovating them. 41 00:01:59,520 --> 00:02:02,000 Speaker 1: It's not not a good situation to be in. But 42 00:02:02,240 --> 00:02:04,040 Speaker 1: these old systems they don't want to die hard. And 43 00:02:04,080 --> 00:02:08,799 Speaker 1: so we have this monopoly on money and stores of 44 00:02:08,919 --> 00:02:11,360 Speaker 1: stores of value and medium exchange that the governments have, 45 00:02:12,639 --> 00:02:16,120 Speaker 1: and uh, we have technology, and technology is changing things 46 00:02:16,120 --> 00:02:17,639 Speaker 1: and it just is what it is. It's not it's 47 00:02:17,639 --> 00:02:20,640 Speaker 1: not it's not about politics. It just is what it is. 48 00:02:20,680 --> 00:02:23,639 Speaker 1: So for example, um, if I used to want to 49 00:02:23,639 --> 00:02:25,520 Speaker 1: listen to Beethoven hundred years ago, I'd have to get 50 00:02:25,520 --> 00:02:29,760 Speaker 1: a whatever, a thirty or fifty person orchestra. Right, that's 51 00:02:29,760 --> 00:02:31,600 Speaker 1: just what that's what I have to do. And then 52 00:02:31,600 --> 00:02:34,040 Speaker 1: eventually we had records, and then we had CDs, and 53 00:02:34,120 --> 00:02:37,360 Speaker 1: now I have every music in the world is just 54 00:02:37,440 --> 00:02:40,600 Speaker 1: available to be streamed on my phone. That wasn't about politics, 55 00:02:40,639 --> 00:02:42,800 Speaker 1: that was just technology. I used to have to go 56 00:02:42,840 --> 00:02:44,080 Speaker 1: to a library, used to have to go to all 57 00:02:44,160 --> 00:02:46,000 Speaker 1: kinds of libraries are the biggest libraries in the world 58 00:02:46,040 --> 00:02:49,200 Speaker 1: to find certain books, and today they're just all on 59 00:02:49,240 --> 00:02:52,480 Speaker 1: my phone. I used to have have had walls and 60 00:02:52,520 --> 00:02:55,080 Speaker 1: walls and walls of like photo albums, and now today 61 00:02:55,120 --> 00:02:58,440 Speaker 1: they're just all in my computer. And we used to 62 00:02:58,440 --> 00:03:00,720 Speaker 1: have piles and piles of gold and stacks and stacks 63 00:03:00,720 --> 00:03:04,960 Speaker 1: of cash and now it's just digital. It's not it's 64 00:03:04,960 --> 00:03:09,000 Speaker 1: not politics, it's just it's just it's just technology. It's creative, 65 00:03:09,360 --> 00:03:12,440 Speaker 1: it's creative destruction. But it doesn't go down without a fight. 66 00:03:12,720 --> 00:03:15,400 Speaker 1: And so it's pretty interesting. And when we're seeing how 67 00:03:15,440 --> 00:03:18,000 Speaker 1: how it's working with these nation states wanting to UM 68 00:03:18,080 --> 00:03:21,640 Speaker 1: fight this UM. China is one of the one of 69 00:03:21,639 --> 00:03:24,320 Speaker 1: the first nations to really jump onto these digital currencies. 70 00:03:24,320 --> 00:03:26,440 Speaker 1: Of course, they rolled out their own central bank digital 71 00:03:26,440 --> 00:03:29,079 Speaker 1: currency UM. They've been testing it for about a year 72 00:03:29,080 --> 00:03:31,760 Speaker 1: and a half, but they had a full scale rollout 73 00:03:31,919 --> 00:03:35,080 Speaker 1: at the Beijing Winter Olympics. That's been going on. It's 74 00:03:35,120 --> 00:03:37,600 Speaker 1: been pretty interesting to watch what's going on there. And 75 00:03:37,640 --> 00:03:43,520 Speaker 1: they report that digitally want transactions beat out visa transactions 76 00:03:43,560 --> 00:03:47,000 Speaker 1: at the Winter Olympics, which is pretty big. They've already 77 00:03:47,000 --> 00:03:50,440 Speaker 1: got more people using them than that says replacing cash 78 00:03:50,440 --> 00:03:53,360 Speaker 1: with digital one for payment can effectively reduce direct contact 79 00:03:53,400 --> 00:03:56,480 Speaker 1: between people and the risk of spread of COVID nineteen 80 00:03:56,840 --> 00:03:59,680 Speaker 1: end quote. So they're really pushing this like, hey, we 81 00:03:59,720 --> 00:04:02,280 Speaker 1: should be having the Olympics. It's dangerous, we're in a 82 00:04:02,400 --> 00:04:06,000 Speaker 1: pandemic and blah blah blah, and uh, you know cash 83 00:04:06,080 --> 00:04:08,800 Speaker 1: is dirty, so why don't we use central make digital currencies? 84 00:04:09,040 --> 00:04:12,160 Speaker 1: And it worked out pretty good, and we can see, 85 00:04:12,160 --> 00:04:14,840 Speaker 1: like I said, that it is UM, it's it's it's 86 00:04:15,000 --> 00:04:18,600 Speaker 1: it's outpacing VISA at this point. So China has completely 87 00:04:18,960 --> 00:04:21,840 Speaker 1: embraced it UM. We were talking about in an earlier 88 00:04:21,880 --> 00:04:25,960 Speaker 1: segment how in Canada they're trying to UM really censor 89 00:04:26,000 --> 00:04:29,240 Speaker 1: it US specifically if you give any cryptocurrencies to what 90 00:04:29,320 --> 00:04:31,880 Speaker 1: they considered dissident groups UM, which used to be okay, 91 00:04:31,920 --> 00:04:34,000 Speaker 1: it's not anymore UM. And in the United States were 92 00:04:34,000 --> 00:04:36,120 Speaker 1: starting to see the same thing. So we saw a 93 00:04:36,120 --> 00:04:39,560 Speaker 1: few weeks ago UM the Biden administration UM came out 94 00:04:39,600 --> 00:04:41,800 Speaker 1: with UM. They said that they are going to have 95 00:04:41,839 --> 00:04:45,240 Speaker 1: an executive order to regulate cryptocurrency. So it was like 96 00:04:45,279 --> 00:04:47,440 Speaker 1: an announcement of announcement. They didn't tell us what the 97 00:04:47,480 --> 00:04:49,719 Speaker 1: executive order was or what they were going to do 98 00:04:49,720 --> 00:04:50,880 Speaker 1: with it. They just told us that they were going 99 00:04:50,920 --> 00:04:52,880 Speaker 1: to have one and it was gonna do something. And 100 00:04:52,920 --> 00:04:54,920 Speaker 1: then at the same time, we saw the Treasury and 101 00:04:55,000 --> 00:04:56,760 Speaker 1: Janet Yellen come out and say that they had an 102 00:04:56,800 --> 00:05:00,400 Speaker 1: unlimited budget to go regulate cryptocurrencies. Again, don't know what 103 00:05:00,440 --> 00:05:04,159 Speaker 1: that means. But as we're watching this, we're seeing a 104 00:05:04,200 --> 00:05:08,000 Speaker 1: lot of other things happening. So, for example, we saw 105 00:05:08,080 --> 00:05:13,880 Speaker 1: this week uh U S Congressman Warren Davidson introduced a 106 00:05:13,960 --> 00:05:17,680 Speaker 1: bill called quote Keep Your Coins Act. So you, as 107 00:05:17,680 --> 00:05:21,040 Speaker 1: Congressman Warren Davidson, he's a Republican from Ohio, introduced legislation 108 00:05:21,160 --> 00:05:24,360 Speaker 1: entitled to Keep Your Coins Act UM in the wake 109 00:05:24,440 --> 00:05:28,960 Speaker 1: of mounting concerns over crackdowns on civil liberties in Canada 110 00:05:29,560 --> 00:05:33,320 Speaker 1: as private companies in the Canadian government leverage control of 111 00:05:33,360 --> 00:05:38,840 Speaker 1: the legacy financial system. M So we have a Congressman 112 00:05:39,320 --> 00:05:42,160 Speaker 1: Warren Davidson, I applaud you UM, and he says that 113 00:05:42,680 --> 00:05:45,160 Speaker 1: Keep the Coins Act because of the concerns on the 114 00:05:45,240 --> 00:05:48,560 Speaker 1: crackdown on civil liberties and so what some people are 115 00:05:48,560 --> 00:05:52,200 Speaker 1: afraid of is that UM, bitcoin and cryptocurrencies are revolutionary 116 00:05:52,200 --> 00:05:54,080 Speaker 1: for lots of reasons. One of the reasons is because 117 00:05:54,160 --> 00:05:57,000 Speaker 1: I can custody my own coins. That means I can 118 00:05:57,040 --> 00:05:59,200 Speaker 1: control them. And if I can control them, UM, the 119 00:05:59,200 --> 00:06:01,320 Speaker 1: bank can't just see ease them. Right, So in in 120 00:06:01,400 --> 00:06:05,040 Speaker 1: Canada um UM. Trudeau said that any truckers that are 121 00:06:05,080 --> 00:06:07,479 Speaker 1: there in the protests, they're gonna seize their bank accounts, 122 00:06:07,920 --> 00:06:09,360 Speaker 1: and they can do that. They put the put the 123 00:06:09,400 --> 00:06:10,560 Speaker 1: push off a button. They just take the money in 124 00:06:10,600 --> 00:06:12,880 Speaker 1: your account. It's not yours anymore. But if I have 125 00:06:13,000 --> 00:06:14,679 Speaker 1: my money on my own, if I had to cash 126 00:06:14,680 --> 00:06:17,000 Speaker 1: in my mattress, they couldn't just take my cash, right 127 00:06:17,240 --> 00:06:19,720 Speaker 1: And if I have my cryptocurrencies, they couldn't take that either. 128 00:06:20,040 --> 00:06:22,600 Speaker 1: And so one of the choke points, one of the 129 00:06:22,640 --> 00:06:24,760 Speaker 1: weak points is that they think that government could say 130 00:06:24,800 --> 00:06:28,479 Speaker 1: you can't You're not allowed to custody your own coins anymore, 131 00:06:28,800 --> 00:06:31,520 Speaker 1: which seems completely ridiculous and it seems like a North 132 00:06:31,600 --> 00:06:37,400 Speaker 1: Korea authoritarian edict um. I mean, I don't I'm not 133 00:06:37,480 --> 00:06:41,160 Speaker 1: legally able to store my own wealth like what like, 134 00:06:41,240 --> 00:06:42,400 Speaker 1: I have to leave it in a bank so you 135 00:06:42,400 --> 00:06:44,400 Speaker 1: can seize it whenever you want. That doesn't seem right 136 00:06:44,440 --> 00:06:46,720 Speaker 1: to me. And that's why it seems like they're doing 137 00:06:46,720 --> 00:06:49,880 Speaker 1: their own doing bitcoin the marketing for them. But it says, 138 00:06:49,880 --> 00:06:52,200 Speaker 1: if pass this bill would prevent any agency head from 139 00:06:52,200 --> 00:06:57,200 Speaker 1: prohibiting or otherwise restricting the ability of a covered user 140 00:06:57,480 --> 00:07:00,400 Speaker 1: to use virtual currency or its equivalent for such users 141 00:07:00,440 --> 00:07:03,320 Speaker 1: own purposes, such as to purchase real or virtual goods 142 00:07:03,400 --> 00:07:08,640 Speaker 1: or services and users own use UM or conduct transactions 143 00:07:08,640 --> 00:07:14,280 Speaker 1: through a self hosted wallet UM, so, he says, Davidson says. 144 00:07:14,800 --> 00:07:17,280 Speaker 1: Davidson says, we started working on the text after it 145 00:07:17,320 --> 00:07:20,280 Speaker 1: was obvious that Secretary Yelling Janet Allen the US Treasury 146 00:07:20,560 --> 00:07:24,040 Speaker 1: would resurrect the effort to restrict self custody. If they 147 00:07:24,080 --> 00:07:26,800 Speaker 1: can't stop crypto, they want to try to move it 148 00:07:26,920 --> 00:07:30,880 Speaker 1: to an account based system. That's what Davidson says. So 149 00:07:31,080 --> 00:07:32,880 Speaker 1: what he's saying is that if they can't stop it, 150 00:07:32,920 --> 00:07:34,920 Speaker 1: which of course they can't, what they want to do 151 00:07:34,960 --> 00:07:36,640 Speaker 1: is say, well, you're not allowed to hold it on 152 00:07:36,680 --> 00:07:38,920 Speaker 1: your own. We have you have to allow us to 153 00:07:39,000 --> 00:07:41,320 Speaker 1: hold it for you. Of Course, the problem with that 154 00:07:41,440 --> 00:07:44,000 Speaker 1: is what we saw when gold used to be money. 155 00:07:45,040 --> 00:07:48,000 Speaker 1: Up until ninety three, gold was big and heavy and 156 00:07:48,040 --> 00:07:49,440 Speaker 1: hard to move around. So I just put it in 157 00:07:49,520 --> 00:07:52,240 Speaker 1: the bank and the bank gave me a gold Certificate UM, 158 00:07:52,240 --> 00:07:54,800 Speaker 1: which was an IOU for the gold UM. And then 159 00:07:54,800 --> 00:07:58,680 Speaker 1: in nineteen thirty three they enacted something called a bank holiday. 160 00:07:58,720 --> 00:08:00,680 Speaker 1: The bank shut down for a week. When they open 161 00:08:00,760 --> 00:08:03,920 Speaker 1: the banks back up, you weren't allowed to get your 162 00:08:03,920 --> 00:08:07,520 Speaker 1: gold out anymore. And the reason why is because they 163 00:08:07,560 --> 00:08:10,760 Speaker 1: printed way more paper gold certificates than they had gold 164 00:08:10,760 --> 00:08:13,160 Speaker 1: in the bank. And so if they held your crypto 165 00:08:13,520 --> 00:08:15,800 Speaker 1: and used an account based system, how do we know 166 00:08:15,840 --> 00:08:18,040 Speaker 1: that they're not just creating a bunch more crypto. Of 167 00:08:18,080 --> 00:08:21,680 Speaker 1: course we don't, which is the exact problem we're trying 168 00:08:21,720 --> 00:08:23,960 Speaker 1: to solve. Um. He went on to say, we shouldn't 169 00:08:24,040 --> 00:08:26,200 Speaker 1: use money as a way of controlling people. Of course, 170 00:08:26,240 --> 00:08:28,640 Speaker 1: if there's criminal activity, you should go after that, which 171 00:08:28,640 --> 00:08:30,800 Speaker 1: I agree. Right, if there's criminal activity, then then go 172 00:08:30,880 --> 00:08:33,640 Speaker 1: after the criminals. But imagine if the same things were 173 00:08:33,640 --> 00:08:36,800 Speaker 1: done to a crowdfunded BLM movement, that wouldn't be okay. 174 00:08:37,120 --> 00:08:40,480 Speaker 1: It's not okay with the Freedom Convoy either, end quote. 175 00:08:40,920 --> 00:08:43,640 Speaker 1: And so we shouldn't use money to control people. Control 176 00:08:43,679 --> 00:08:47,199 Speaker 1: people with laws if they do something illegal, punish them 177 00:08:47,200 --> 00:08:49,520 Speaker 1: for that, but don't control them with the money that's 178 00:08:49,520 --> 00:08:51,800 Speaker 1: their own property. I'll be back with more in a second. 179 00:08:51,920 --> 00:08:54,320 Speaker 1: Don't go away, Hey, welcome back. You are listening to 180 00:08:54,400 --> 00:08:57,400 Speaker 1: the Mark mo Show. We're talking about the decentralized revolution. 181 00:08:57,440 --> 00:09:02,160 Speaker 1: We're talking about the interest action of politics, finance and 182 00:09:02,200 --> 00:09:05,360 Speaker 1: technology together, which of course is bitcoin leading this decentralized 183 00:09:05,360 --> 00:09:08,360 Speaker 1: revolution and I'm bringing you the latest breaking news of 184 00:09:08,360 --> 00:09:11,240 Speaker 1: the week right now. We were just talking about um 185 00:09:11,720 --> 00:09:15,040 Speaker 1: U S Congressman Warren Davidson introducing a bill to Keep 186 00:09:15,200 --> 00:09:18,360 Speaker 1: Your Coins Act, which is basically making a law where 187 00:09:18,400 --> 00:09:21,560 Speaker 1: you're allowed to control your own cryptocurrency in your own 188 00:09:21,600 --> 00:09:23,600 Speaker 1: wallet and they can't pass a law to take that 189 00:09:23,640 --> 00:09:28,000 Speaker 1: away from you, which is, UM kind of ridiculous in 190 00:09:28,000 --> 00:09:30,680 Speaker 1: a way. UM, we have to pass a lot to 191 00:09:30,720 --> 00:09:35,480 Speaker 1: prevent more laws. Oh man, it's like they pass a lot, 192 00:09:35,520 --> 00:09:37,560 Speaker 1: they don't ever repeal law. They just passed another law 193 00:09:37,600 --> 00:09:40,000 Speaker 1: to you know, contradict the first law. I mean, it's 194 00:09:40,000 --> 00:09:41,680 Speaker 1: all ridiculous. I mean, I thought we lived in the 195 00:09:41,720 --> 00:09:43,400 Speaker 1: land of the free, um, but we have to pass 196 00:09:43,400 --> 00:09:45,280 Speaker 1: a lot to allow us to have our own property 197 00:09:45,720 --> 00:09:47,679 Speaker 1: either way. UM, I guess if that's where we're at, 198 00:09:47,720 --> 00:09:49,480 Speaker 1: that's where we're at. And UH, I think it's pretty 199 00:09:49,520 --> 00:09:52,360 Speaker 1: cool that he is doing that. So hat tip to 200 00:09:52,559 --> 00:09:56,240 Speaker 1: UH Congressman Warren Davidson. But what I was talking about 201 00:09:56,280 --> 00:09:58,800 Speaker 1: in UH in the bigger picture of things is that 202 00:09:59,120 --> 00:10:02,079 Speaker 1: in times when we of these technology shifts, this uh 203 00:10:02,440 --> 00:10:05,280 Speaker 1: creative destruction as I was calling it. UM, you know, 204 00:10:05,360 --> 00:10:08,760 Speaker 1: the incumbent system doesn't want to give it up, right, 205 00:10:08,800 --> 00:10:10,720 Speaker 1: they want to fight it. And so we've seen this 206 00:10:10,800 --> 00:10:13,120 Speaker 1: obviously like Uber is a good example of that. So 207 00:10:13,160 --> 00:10:16,840 Speaker 1: as Uber was changing the taxi system and rideshare system, 208 00:10:16,880 --> 00:10:21,640 Speaker 1: the taxi industries themselves were fighting against Uber and they 209 00:10:21,679 --> 00:10:23,560 Speaker 1: were going to the cities and they were trying to 210 00:10:23,600 --> 00:10:27,280 Speaker 1: pass laws to prevent Uber from coming in. Or Airbnb, 211 00:10:27,440 --> 00:10:30,120 Speaker 1: same thing. So you have the big hotel companies were 212 00:10:30,160 --> 00:10:33,520 Speaker 1: going and trying to create laws and regulations and cities 213 00:10:33,559 --> 00:10:36,839 Speaker 1: to prevent you know, Airbnbs and things like that, and so, um, 214 00:10:36,920 --> 00:10:38,880 Speaker 1: that's just what happens and that and that's exactly what's 215 00:10:38,880 --> 00:10:42,160 Speaker 1: happening here. And so as this incumbent financial system, which 216 00:10:42,160 --> 00:10:44,679 Speaker 1: of course is much bigger than the taxi industry or 217 00:10:44,760 --> 00:10:48,280 Speaker 1: the hotel industry, we're talking about the governments that control money, 218 00:10:48,440 --> 00:10:50,000 Speaker 1: and of course they want to they're gonna want to 219 00:10:50,040 --> 00:10:52,600 Speaker 1: control that, um. And so that's why, as we talked 220 00:10:52,640 --> 00:10:54,240 Speaker 1: about before the break, you know, the Biden admant said 221 00:10:54,240 --> 00:10:56,760 Speaker 1: they're going to create an executive order to regulate it, 222 00:10:56,800 --> 00:10:59,080 Speaker 1: and we saw Jenny Allen's Treasury is gonna have unlimited 223 00:10:59,080 --> 00:11:01,720 Speaker 1: budget to fight that. But what's interesting is as the 224 00:11:01,800 --> 00:11:07,560 Speaker 1: federal government is continuing to try to um get more 225 00:11:07,640 --> 00:11:11,800 Speaker 1: power to keep their positions, and of course the money 226 00:11:11,840 --> 00:11:13,760 Speaker 1: is federally, so of course the federal government's doing that. 227 00:11:14,000 --> 00:11:16,599 Speaker 1: We're seeing the states starting to push back against that, 228 00:11:16,640 --> 00:11:20,000 Speaker 1: and so that's why you know, Rep. Warren Davidson from 229 00:11:20,080 --> 00:11:23,840 Speaker 1: Ohio introduced that bill. We also saw this week we 230 00:11:23,880 --> 00:11:28,280 Speaker 1: saw in Colorado, Colorado governor says he expects state to 231 00:11:28,400 --> 00:11:33,960 Speaker 1: accept tax payments in cryptocurrencies by the summer. Jared Paulus, 232 00:11:34,000 --> 00:11:36,880 Speaker 1: who's the governor of Colorado, announced that the state government 233 00:11:36,880 --> 00:11:39,840 Speaker 1: plans to allow residents to pay taxes and cryptocurrencies as 234 00:11:39,920 --> 00:11:45,559 Speaker 1: early as summer um and it was in a CNBC 235 00:11:45,640 --> 00:11:48,320 Speaker 1: in an interview, he said that crypto holders in Colorado 236 00:11:48,360 --> 00:11:51,680 Speaker 1: could have the option of sending tax payments in digital currencies, 237 00:11:52,320 --> 00:11:55,000 Speaker 1: and quoting him, he said, we expect by this summer 238 00:11:55,000 --> 00:11:58,040 Speaker 1: pretty soon to accept crypto for all our state tax 239 00:11:58,080 --> 00:12:01,480 Speaker 1: related purposes. Then we plan to roll that out across 240 00:12:01,679 --> 00:12:05,520 Speaker 1: all of state governments for things like um driver's license 241 00:12:05,679 --> 00:12:09,520 Speaker 1: or hunting license within a few months after that end. Quote. 242 00:12:10,440 --> 00:12:12,959 Speaker 1: Um So, while we have the federal government trying to 243 00:12:13,000 --> 00:12:15,839 Speaker 1: crack down on it, the federal government said they want 244 00:12:15,840 --> 00:12:20,440 Speaker 1: to regulate it. Um, we have states like Davidson in Ohio, 245 00:12:20,800 --> 00:12:23,719 Speaker 1: like Jared Paula is the governor of Colorado, saying no, no, no, 246 00:12:23,720 --> 00:12:25,400 Speaker 1: no, no no, no, no no, you're not going to regulate. 247 00:12:25,400 --> 00:12:28,240 Speaker 1: As a matter of fact, we're going to make it 248 00:12:28,480 --> 00:12:31,360 Speaker 1: um legal. We're gonna open it up for everything. You 249 00:12:31,400 --> 00:12:33,800 Speaker 1: can pay all your fees on it. You can pay 250 00:12:33,800 --> 00:12:36,640 Speaker 1: for your driver's license, your hunting license with it. And 251 00:12:36,720 --> 00:12:39,040 Speaker 1: you know, in the United States, specifically the United States, 252 00:12:39,960 --> 00:12:42,559 Speaker 1: I was talking about an earlier Segmentum, in a democracy, 253 00:12:42,559 --> 00:12:44,880 Speaker 1: we should hear the voice of the people. The United 254 00:12:44,920 --> 00:12:47,840 Speaker 1: States is not a democracy. The United States is a 255 00:12:47,880 --> 00:12:51,640 Speaker 1: republic now, uh. And what that means we have a 256 00:12:51,679 --> 00:12:54,200 Speaker 1: representative government. And what that means that the states have 257 00:12:54,360 --> 00:12:57,360 Speaker 1: states rights, and so the states are able to do 258 00:12:57,400 --> 00:13:00,600 Speaker 1: these things um, or they should be able to and 259 00:13:00,600 --> 00:13:03,240 Speaker 1: we'll see how that plays off. UM. Now, you know 260 00:13:03,320 --> 00:13:05,839 Speaker 1: paulas the governor of Colorado, he's been kind of working 261 00:13:05,840 --> 00:13:08,400 Speaker 1: on this for a while. Back in two thousand nineteen, 262 00:13:08,440 --> 00:13:12,120 Speaker 1: he signed the Colorado Digital Token Act put that into law, 263 00:13:12,320 --> 00:13:15,600 Speaker 1: and basically he aimed to exempt tokens um with a 264 00:13:15,640 --> 00:13:19,080 Speaker 1: primarily consumptive purpose is what it means, and he's trying 265 00:13:19,080 --> 00:13:22,959 Speaker 1: to He's trying to UM remove them from security regulations 266 00:13:23,000 --> 00:13:26,520 Speaker 1: because these regulations that are very ambiguous and nobody knows 267 00:13:26,559 --> 00:13:30,120 Speaker 1: what these security regulations are. The SEC's maybe going to 268 00:13:30,160 --> 00:13:33,400 Speaker 1: do one day. All this ambiguity has led to UH 269 00:13:33,600 --> 00:13:36,560 Speaker 1: kind of a stall in in this new technology, and 270 00:13:36,600 --> 00:13:39,760 Speaker 1: so UM states like Colorado have kind of moved to 271 00:13:40,080 --> 00:13:42,960 Speaker 1: put legislation into place to kind of exempt tokens and 272 00:13:43,000 --> 00:13:44,800 Speaker 1: things like that so they can continue to have that. 273 00:13:45,160 --> 00:13:48,840 Speaker 1: So UM, he's been pretty pro cryptocurrency, which is pretty interesting. 274 00:13:48,840 --> 00:13:52,880 Speaker 1: But he's not the only one we can see here. UM. 275 00:13:52,920 --> 00:13:58,200 Speaker 1: In a post from Yahoo Finance, we saw UM. In Arizona, 276 00:13:58,880 --> 00:14:02,080 Speaker 1: Bill s B one three four one was introduced by 277 00:14:02,120 --> 00:14:05,360 Speaker 1: state Senator Wendy Rogers. UM seeks to amend the list 278 00:14:05,360 --> 00:14:08,559 Speaker 1: of accepted legal tender to include bitcoin, which means the 279 00:14:08,559 --> 00:14:13,040 Speaker 1: cryptocurrency would be accepted for the payment of debt, public charges, taxes, 280 00:14:13,240 --> 00:14:18,320 Speaker 1: and other dues. So again, another state is saying, hey, 281 00:14:18,880 --> 00:14:21,520 Speaker 1: federal government, you can say what you want, but we're 282 00:14:21,520 --> 00:14:23,720 Speaker 1: gonna do something different. As a matter of fact, we're 283 00:14:23,720 --> 00:14:28,480 Speaker 1: gonna make it legal tender to pay your public debt. Now. 284 00:14:28,480 --> 00:14:31,440 Speaker 1: It's interesting that a lot of people would have typically said, yeah, 285 00:14:31,520 --> 00:14:33,560 Speaker 1: bitcoin is never gonna work because, um, you know, you 286 00:14:33,600 --> 00:14:36,520 Speaker 1: still have to pay taxes in dollars. But what about 287 00:14:36,520 --> 00:14:38,320 Speaker 1: when the states a lot you to start paying your 288 00:14:38,320 --> 00:14:42,360 Speaker 1: taxes in cryptocurrencies. And that's exactly what's happening now. Just 289 00:14:42,560 --> 00:14:46,080 Speaker 1: so you know, it's not into law yet, it's a bill. 290 00:14:46,280 --> 00:14:50,320 Speaker 1: Spe the bill still has to pass the Arizona State 291 00:14:50,400 --> 00:14:54,600 Speaker 1: Senate and the House before it gets the governor who 292 00:14:54,640 --> 00:14:57,440 Speaker 1: could sign it into law. Now, we don't know how 293 00:14:57,440 --> 00:14:59,880 Speaker 1: it's going to work through those areas. It's not the point. 294 00:15:00,480 --> 00:15:02,840 Speaker 1: The point is it's very interesting to see this happen 295 00:15:03,280 --> 00:15:06,040 Speaker 1: and we can see that this transition that we're in, 296 00:15:06,040 --> 00:15:08,720 Speaker 1: this decentralized revolution, is in place. And they're the only 297 00:15:08,720 --> 00:15:13,440 Speaker 1: ones um. In Texas, there's a strong race for governor. 298 00:15:13,600 --> 00:15:16,600 Speaker 1: Governor Abbott has been there, he's the incumbent um, but 299 00:15:16,640 --> 00:15:20,440 Speaker 1: apparently there's a few other um candidates for governor in 300 00:15:20,480 --> 00:15:23,600 Speaker 1: Texas that are gaining some momentum, and one of them 301 00:15:23,640 --> 00:15:28,720 Speaker 1: is Conservative candidate for governor Texas of Texas, Don Huffing's 302 00:15:28,760 --> 00:15:31,560 Speaker 1: and he released his plan to make Texas the leading 303 00:15:31,640 --> 00:15:36,720 Speaker 1: state in America for bitcoin and other cryptocurrencies. He said, 304 00:15:36,920 --> 00:15:40,000 Speaker 1: uh quote. As a leader in innovation, Texas must lead 305 00:15:40,040 --> 00:15:44,120 Speaker 1: the nation on bitcoin policy and cryptocurrency adoption. I am 306 00:15:44,160 --> 00:15:47,480 Speaker 1: committed to making Texas the citadel for a bitcoin and 307 00:15:47,520 --> 00:15:54,760 Speaker 1: protecting the industry from the federal government. End quote. Let 308 00:15:54,760 --> 00:15:56,400 Speaker 1: me let me, let me read that last part again 309 00:15:56,400 --> 00:15:59,920 Speaker 1: for you. He said, uh, Texas sail for a bit 310 00:16:00,040 --> 00:16:05,800 Speaker 1: and protecting the industry from the federal government. End quote. 311 00:16:05,840 --> 00:16:10,040 Speaker 1: That's his words. It's pretty amazing that a politician is 312 00:16:10,120 --> 00:16:14,000 Speaker 1: having to protect an industry from the federal government. Who 313 00:16:14,080 --> 00:16:16,720 Speaker 1: is the federal government to be shutting down industries in 314 00:16:16,760 --> 00:16:19,960 Speaker 1: the land of the free. Who are they to say 315 00:16:19,960 --> 00:16:21,600 Speaker 1: what you can and can't do? Now? I know, I 316 00:16:21,680 --> 00:16:25,520 Speaker 1: know through the pandemic, it's set this precedent where they 317 00:16:25,520 --> 00:16:28,000 Speaker 1: could tell you your business is not essential and you 318 00:16:28,080 --> 00:16:30,640 Speaker 1: must shut your business down. Well, it might have been 319 00:16:30,640 --> 00:16:32,160 Speaker 1: not essential to you, but if you were trying to 320 00:16:32,200 --> 00:16:34,600 Speaker 1: feed your family with it, it was pretty dang essential. 321 00:16:36,320 --> 00:16:38,600 Speaker 1: So he says he has to protect the industry from 322 00:16:38,640 --> 00:16:42,000 Speaker 1: the federal government. That's a problem. That is a big, 323 00:16:42,080 --> 00:16:45,880 Speaker 1: big problem in my opinion. The federal government is there 324 00:16:45,920 --> 00:16:50,440 Speaker 1: to protect private property rights, that's what the role of 325 00:16:50,440 --> 00:16:55,640 Speaker 1: the federal government is. My business is my private property. 326 00:16:56,000 --> 00:16:59,120 Speaker 1: They should be protecting it. And now this politician says 327 00:16:59,160 --> 00:17:02,800 Speaker 1: he has to protect industry from the federal government. But 328 00:17:02,840 --> 00:17:05,879 Speaker 1: that's exactly what's happening. It's a race. It's gonna be 329 00:17:05,960 --> 00:17:08,680 Speaker 1: interesting to see how this all plays out. By the way, 330 00:17:08,680 --> 00:17:10,840 Speaker 1: you're listening to the Markma Show. We're talking about the 331 00:17:10,880 --> 00:17:14,520 Speaker 1: decentralized revolution that's happening right now before our very eyes. 332 00:17:14,720 --> 00:17:17,600 Speaker 1: We're talking about the intersection of politics, finance, and technology. 333 00:17:17,640 --> 00:17:21,119 Speaker 1: We're talking about bitcoin and how things are changing rapidly, 334 00:17:21,160 --> 00:17:23,919 Speaker 1: and of course how you can stay involved and up 335 00:17:23,920 --> 00:17:26,040 Speaker 1: to date on what's going on. Um, you're listening to 336 00:17:26,040 --> 00:17:28,520 Speaker 1: the Markma Show. If you haven't already bookmarked this time 337 00:17:28,560 --> 00:17:30,320 Speaker 1: and paid place to be with me each and every week, 338 00:17:30,480 --> 00:17:32,520 Speaker 1: I'll be back with more in a second, don't go away, 339 00:17:32,840 --> 00:17:34,800 Speaker 1: all right, welcome back. You are listening to the Markma 340 00:17:34,880 --> 00:17:38,720 Speaker 1: Show talking about the decentralized revolution that we're living through. 341 00:17:38,880 --> 00:17:41,800 Speaker 1: We're all living through it. And uh, if you unless 342 00:17:41,800 --> 00:17:44,160 Speaker 1: you've been asleep or in a coma, you've probably realized 343 00:17:44,160 --> 00:17:46,920 Speaker 1: that it's happening because it's all over the place. It's 344 00:17:46,920 --> 00:17:51,280 Speaker 1: in your face. Um, it's in the news. The trucker 345 00:17:51,359 --> 00:17:54,080 Speaker 1: situation of Canada. You know, we have states trying to 346 00:17:54,160 --> 00:17:57,680 Speaker 1: change the laws about it, and uh more in your face. 347 00:17:58,119 --> 00:18:00,919 Speaker 1: Probably the biggest stage to be I don't know, in 348 00:18:00,960 --> 00:18:03,800 Speaker 1: the world, at least the United States was the Super Bowl, 349 00:18:04,160 --> 00:18:06,440 Speaker 1: and it really dominated what was going on in the 350 00:18:06,480 --> 00:18:10,160 Speaker 1: super Bowl. It kind of became the Crypto Bowl, if 351 00:18:10,200 --> 00:18:13,480 Speaker 1: you will. I say Crypto Bowl because, um, if you're 352 00:18:13,520 --> 00:18:16,119 Speaker 1: old enough to remember, then you might remember when it 353 00:18:16,240 --> 00:18:19,200 Speaker 1: was the dot Com Bowl back in the year two thousand, 354 00:18:19,440 --> 00:18:21,840 Speaker 1: when it was all dot coms that we're spending money. 355 00:18:22,240 --> 00:18:25,120 Speaker 1: Um at that time, if you remember, in about two 356 00:18:25,200 --> 00:18:28,600 Speaker 1: thousand five, it was mortgage companies spending money. And now 357 00:18:28,640 --> 00:18:31,080 Speaker 1: here we are in two thousand twenty two at the 358 00:18:31,080 --> 00:18:34,800 Speaker 1: Super Bowl and it was crypto companies that were spending 359 00:18:34,920 --> 00:18:37,359 Speaker 1: all the money. So, uh, if you watch that at all, 360 00:18:37,400 --> 00:18:39,200 Speaker 1: and even if you didn't watch it, you probably heard 361 00:18:39,200 --> 00:18:42,080 Speaker 1: about it because I think, uh, probably even bigger than 362 00:18:42,119 --> 00:18:46,520 Speaker 1: the game. People love, love, love love the commercials. The 363 00:18:46,560 --> 00:18:48,919 Speaker 1: halftime show was pretty good too in my opinion, but 364 00:18:49,000 --> 00:18:52,400 Speaker 1: that's because I'm from southern California and I'm old enough 365 00:18:52,440 --> 00:18:54,720 Speaker 1: to remember when that was a thing. Uh, my kids 366 00:18:54,720 --> 00:18:56,320 Speaker 1: think it was kind of funny, but I thought it 367 00:18:56,320 --> 00:18:59,200 Speaker 1: was pretty good. But but anyway, back to a cryptocurrency 368 00:18:59,200 --> 00:19:02,080 Speaker 1: in this decentralized revolution, um, there's something known as the 369 00:19:02,920 --> 00:19:08,440 Speaker 1: Super Bowl indicator, and uh, it's not it's not all good. 370 00:19:08,600 --> 00:19:11,080 Speaker 1: To be honest with you, it's not all good. So 371 00:19:11,160 --> 00:19:14,800 Speaker 1: we can see Crypto dot Com, FTX Trading, and coin 372 00:19:14,880 --> 00:19:19,240 Speaker 1: Base were some of the biggest cryptocurrency exchange companies who 373 00:19:19,280 --> 00:19:21,280 Speaker 1: were buying ads during the Super Bowl. As a matter 374 00:19:21,320 --> 00:19:24,800 Speaker 1: of fact, they reportedly shelled out as much as six 375 00:19:24,840 --> 00:19:29,680 Speaker 1: point five million dollars for thirty seconds. Man, that's a 376 00:19:29,720 --> 00:19:33,760 Speaker 1: lot of money. Now to put that into perspective, six 377 00:19:33,800 --> 00:19:38,240 Speaker 1: and a half million dollars for thirty seconds. Two that 378 00:19:38,440 --> 00:19:41,679 Speaker 1: was in the year two thousand. It was two and 379 00:19:41,680 --> 00:19:44,959 Speaker 1: a half and I'm sorry, two point two million per slot. 380 00:19:45,040 --> 00:19:48,720 Speaker 1: So that's inflation. That's inflation for you. Now, Remember, Inflation 381 00:19:48,840 --> 00:19:51,879 Speaker 1: isn't the prices of things going up. Inflation isn't that 382 00:19:51,880 --> 00:19:55,560 Speaker 1: things are becoming more valuable. Inflation is that your dollar 383 00:19:55,840 --> 00:19:58,320 Speaker 1: is worth less and so it takes more dollars to 384 00:19:58,400 --> 00:20:01,760 Speaker 1: buy those things today. So it used to take two 385 00:20:01,800 --> 00:20:04,280 Speaker 1: point two million dollars to buy the spot. Now it 386 00:20:04,320 --> 00:20:06,280 Speaker 1: takes because the dollars have lost so much value. Now 387 00:20:06,280 --> 00:20:08,520 Speaker 1: it takes a six point five million dollars for the 388 00:20:08,560 --> 00:20:11,760 Speaker 1: same thirty second spot, which is pretty interesting. A lot 389 00:20:11,760 --> 00:20:14,480 Speaker 1: of inflation since uh I guess that's twenty two years. 390 00:20:16,119 --> 00:20:18,800 Speaker 1: So if you would have had uh, if you would 391 00:20:18,800 --> 00:20:21,280 Speaker 1: have had two point two million dollars for a thirty 392 00:20:21,320 --> 00:20:22,800 Speaker 1: second slot back then, and you would have put that 393 00:20:22,800 --> 00:20:26,520 Speaker 1: money in the bank today, it would have bought you 394 00:20:26,640 --> 00:20:29,239 Speaker 1: about ten seconds. So about your thirty seconds back then 395 00:20:29,280 --> 00:20:31,200 Speaker 1: today it buys you about ten seconds. To put that 396 00:20:31,240 --> 00:20:34,560 Speaker 1: into perspective, um, of course, that means if you were 397 00:20:34,560 --> 00:20:36,520 Speaker 1: buying if you would put the money for a house 398 00:20:36,640 --> 00:20:37,800 Speaker 1: in the bank and you were trying to buy a 399 00:20:37,800 --> 00:20:40,280 Speaker 1: house today, buy you about a third of the house. 400 00:20:40,520 --> 00:20:42,080 Speaker 1: If you're trying to buy a basket of groceries, it 401 00:20:42,080 --> 00:20:44,119 Speaker 1: buys you about a third of those basket of groceries. 402 00:20:44,160 --> 00:20:46,199 Speaker 1: That's what happens when they inflate your money away. But 403 00:20:46,280 --> 00:20:48,320 Speaker 1: back to the back to the Super Bowl, the Crypto 404 00:20:48,359 --> 00:20:54,280 Speaker 1: bowl um. Unfortunately, despite millions of dollars that was spent 405 00:20:54,359 --> 00:20:58,280 Speaker 1: on ads, the price of bitcoin and other cryptocurrencies didn't 406 00:20:58,280 --> 00:21:01,680 Speaker 1: take off quite what most people were expecting her. I 407 00:21:01,680 --> 00:21:04,480 Speaker 1: should say, maybe hoping for um, A lot of people 408 00:21:04,560 --> 00:21:06,320 Speaker 1: might have gone out and bought some of those bitcoin 409 00:21:06,359 --> 00:21:09,760 Speaker 1: and cryptocurrencies after that day, hoping that it would take off. 410 00:21:09,840 --> 00:21:12,000 Speaker 1: But um, I guess I did a little bit. Um. 411 00:21:12,040 --> 00:21:13,800 Speaker 1: At about the time of the area, bitcoin was about 412 00:21:13,800 --> 00:21:16,440 Speaker 1: forty two dollars. It's about forty four thousand dollars today 413 00:21:16,480 --> 00:21:20,160 Speaker 1: it was up about two dollars. Uh, that's not too bad, 414 00:21:20,680 --> 00:21:22,480 Speaker 1: um if if if you look at it's up a 415 00:21:22,480 --> 00:21:23,960 Speaker 1: little bit. Got a little bit of a bump. Now. 416 00:21:24,000 --> 00:21:25,639 Speaker 1: I don't know if it's because of that or if 417 00:21:25,680 --> 00:21:29,160 Speaker 1: it's because of all the governments of the world doing 418 00:21:29,200 --> 00:21:32,600 Speaker 1: marketing for cryptocurrencies. We see, like I said, crypto dot 419 00:21:32,640 --> 00:21:34,359 Speaker 1: com was one of the other big ones, and they 420 00:21:34,440 --> 00:21:37,120 Speaker 1: have their own token called c r oh. And that's 421 00:21:37,119 --> 00:21:40,400 Speaker 1: pretty much Flat hasn't really done much. Um ethereums up 422 00:21:40,560 --> 00:21:42,320 Speaker 1: um a little bit. I think at the time of 423 00:21:42,320 --> 00:21:46,560 Speaker 1: the airing it was about today it's about thirty one five. 424 00:21:46,760 --> 00:21:49,160 Speaker 1: So you know, got a little bit of a bump, um, 425 00:21:49,200 --> 00:21:51,399 Speaker 1: you know, not as much as maybe people would have thought. 426 00:21:51,440 --> 00:21:54,320 Speaker 1: But back to like I said, um, in the year 427 00:21:54,359 --> 00:21:57,240 Speaker 1: two thousand, it was the dot Com super Bowl. And 428 00:21:57,280 --> 00:21:59,480 Speaker 1: what's interesting is at the time it was also the 429 00:21:59,520 --> 00:22:01,440 Speaker 1: same It was St. Louis Rams that were in the 430 00:22:01,440 --> 00:22:04,439 Speaker 1: Super Bowl versus the Tennessee Titans. So we still had 431 00:22:04,480 --> 00:22:06,600 Speaker 1: the Rams in the Super Bowl, but back in Los 432 00:22:06,600 --> 00:22:10,480 Speaker 1: Angeles this time, and at the time there was fourteen 433 00:22:10,720 --> 00:22:13,920 Speaker 1: ads in the Super Bowl for dot com companies. They 434 00:22:13,960 --> 00:22:18,760 Speaker 1: bought up of the ads UM for that spot. But 435 00:22:18,760 --> 00:22:22,520 Speaker 1: the thing is is that after the two thousand game, 436 00:22:22,560 --> 00:22:24,880 Speaker 1: after the two thousand Super Bowl ended, all the publicly 437 00:22:24,920 --> 00:22:28,520 Speaker 1: held companies who advertised saw their stocks start to fall 438 00:22:28,600 --> 00:22:33,520 Speaker 1: as the dot com bubble began to basically burst UM. 439 00:22:33,560 --> 00:22:36,919 Speaker 1: And today here we are, twenty two years later, only 440 00:22:37,119 --> 00:22:41,520 Speaker 1: four of the fourteen companies that advertised are still operating. 441 00:22:42,480 --> 00:22:45,920 Speaker 1: Five other companies were bought out, and the rest, I mean, 442 00:22:46,000 --> 00:22:49,040 Speaker 1: they're just gone, like pets dot com, right, they they're 443 00:22:49,080 --> 00:22:54,560 Speaker 1: the they're the stereotypical dot com bust company UM, And 444 00:22:54,640 --> 00:22:57,480 Speaker 1: so you know, it's interesting to look at UH, they're 445 00:22:57,520 --> 00:22:59,919 Speaker 1: pretty much all gone. As I said, four of the 446 00:23:00,000 --> 00:23:03,520 Speaker 1: fourteen companies are still around UM. And with that in mind, 447 00:23:03,680 --> 00:23:05,880 Speaker 1: we can kind of look at the Crypto Bowl, which 448 00:23:06,280 --> 00:23:07,840 Speaker 1: this one is kind of dubbed the Crypto Bowl because 449 00:23:07,840 --> 00:23:09,960 Speaker 1: it was dominated by crypto advertisers. A matter of fact, 450 00:23:10,240 --> 00:23:14,639 Speaker 1: fort of this year's advertisers were new companies, UM, you know, 451 00:23:14,720 --> 00:23:17,919 Speaker 1: crypto companies, and most of these year's crypto ads revolves 452 00:23:17,960 --> 00:23:20,960 Speaker 1: around the idea of don't miss out. So they're really 453 00:23:20,960 --> 00:23:23,840 Speaker 1: trying to hit people with this fomo fear of missing out, 454 00:23:24,960 --> 00:23:28,600 Speaker 1: which I don't like. UM. I don't think that anybody 455 00:23:28,600 --> 00:23:31,200 Speaker 1: should ever buy an asset based off of that. Don't 456 00:23:31,200 --> 00:23:34,000 Speaker 1: ever buy anything based off of fear. UM. Think about 457 00:23:34,040 --> 00:23:36,199 Speaker 1: it from a sound rational mind, make your plan and 458 00:23:36,200 --> 00:23:38,160 Speaker 1: move from there. But they really were trying to get 459 00:23:38,240 --> 00:23:42,479 Speaker 1: people on that this don't missing out um campaign. There 460 00:23:42,520 --> 00:23:44,639 Speaker 1: was a couple of good ones in there, UM, but 461 00:23:45,560 --> 00:23:49,639 Speaker 1: unfortunately it's not a super good history of that UM 462 00:23:49,720 --> 00:23:52,240 Speaker 1: in L A h. And also we saw crypto dot 463 00:23:52,240 --> 00:23:54,199 Speaker 1: com and I think Crypto dot com took over the 464 00:23:54,200 --> 00:23:57,120 Speaker 1: Staples Center in Los Angeles, and I think FTX took 465 00:23:57,160 --> 00:23:59,560 Speaker 1: over the one in Miami, and that's not even that's 466 00:23:59,560 --> 00:24:02,679 Speaker 1: not a super good sign either. So the crypto dot 467 00:24:02,720 --> 00:24:06,040 Speaker 1: com is taking over the Staples Center, which, of course 468 00:24:06,280 --> 00:24:08,920 Speaker 1: what happened to Staples didn't work out too well for 469 00:24:09,040 --> 00:24:13,639 Speaker 1: that UM. So you know, naming um stadiums isn't the 470 00:24:13,680 --> 00:24:16,600 Speaker 1: best sign either. Coin Base was the one that maybe 471 00:24:16,640 --> 00:24:19,440 Speaker 1: it was the most talked about, and they basically just 472 00:24:19,440 --> 00:24:21,240 Speaker 1: put this little QR code on the screen. It was 473 00:24:21,280 --> 00:24:24,119 Speaker 1: just bouncing around and it was like, hey, everyone, you know, 474 00:24:24,119 --> 00:24:26,199 Speaker 1: grab your phone and scan this QR code, which they 475 00:24:26,160 --> 00:24:28,520 Speaker 1: don't take you to the coin based website. Now, it 476 00:24:28,600 --> 00:24:32,760 Speaker 1: worked really really good maybe or it worked really really bad. Um. 477 00:24:32,760 --> 00:24:34,680 Speaker 1: And what do I mean by that, Well, it worked 478 00:24:34,720 --> 00:24:38,200 Speaker 1: maybe so good that it crashed the website and coin 479 00:24:38,200 --> 00:24:41,000 Speaker 1: bases website went down. You would think that they would 480 00:24:41,000 --> 00:24:42,800 Speaker 1: have planned it. They're gonna spend all that money on 481 00:24:42,840 --> 00:24:44,920 Speaker 1: the ad. You would think they would have prepared their 482 00:24:44,960 --> 00:24:49,480 Speaker 1: website to handle that traffic. UM. And it's also a reminder. 483 00:24:50,280 --> 00:24:52,520 Speaker 1: It's a reminder because, as I've said many times, one 484 00:24:52,520 --> 00:24:55,600 Speaker 1: of the key attributes of bitcoin and cryptocurrencies is that 485 00:24:55,720 --> 00:24:59,760 Speaker 1: I can custody it myself. I can hold my own coins. 486 00:25:00,480 --> 00:25:02,199 Speaker 1: The oldest problem that mankind has had is how do 487 00:25:02,240 --> 00:25:04,679 Speaker 1: I secure my wealth in a way it doesn't get stolen. 488 00:25:05,520 --> 00:25:06,919 Speaker 1: And if you leave your money in the bank, the 489 00:25:06,920 --> 00:25:09,800 Speaker 1: bank and sees it like Justin Judeau order the banks 490 00:25:09,800 --> 00:25:12,320 Speaker 1: to seize all the trucker's protesters money. Um. And if 491 00:25:12,320 --> 00:25:15,280 Speaker 1: I leave my crypto on an exchange like coin base, 492 00:25:15,400 --> 00:25:18,280 Speaker 1: they could also freeze my account or sees my account. 493 00:25:18,760 --> 00:25:24,000 Speaker 1: And so um, the coin based exchange crashed and if 494 00:25:24,000 --> 00:25:26,080 Speaker 1: you had money on there and you wanted to get 495 00:25:26,119 --> 00:25:29,720 Speaker 1: it off, you couldn't. And so let that be a 496 00:25:29,760 --> 00:25:34,760 Speaker 1: reminder that you are using your hoping you're trusting somebody 497 00:25:34,800 --> 00:25:39,760 Speaker 1: like coin based to protect your cryptocurrency and hopefully you'll 498 00:25:39,760 --> 00:25:41,840 Speaker 1: be able to get that cryptocurrency off when you want it. 499 00:25:42,960 --> 00:25:44,960 Speaker 1: You would think that when they spent all that money, 500 00:25:45,000 --> 00:25:47,439 Speaker 1: they would have made sure their website didn't crash, but 501 00:25:47,520 --> 00:25:50,000 Speaker 1: it did. And so then I would just ask you, 502 00:25:50,359 --> 00:25:52,760 Speaker 1: and you should ask yourself, do you really want to 503 00:25:52,800 --> 00:25:58,639 Speaker 1: trust anybody, even coin Base, withholding your currency cryptocurrency? They 504 00:25:58,640 --> 00:26:01,040 Speaker 1: couldn't even keep their website up when they knew they 505 00:26:01,080 --> 00:26:03,560 Speaker 1: were going to get that business. And do you really 506 00:26:03,560 --> 00:26:05,480 Speaker 1: want to trust them to get your money off when 507 00:26:05,480 --> 00:26:09,480 Speaker 1: you need it? Um? I don't. I wouldn't. UM, I 508 00:26:09,480 --> 00:26:15,119 Speaker 1: wouldn't recommend that. I would recommend to get that off now. Um. 509 00:26:15,160 --> 00:26:17,320 Speaker 1: And like I said, it's maybe not a good sign 510 00:26:17,560 --> 00:26:21,359 Speaker 1: of what is going on. Some other things that I 511 00:26:21,680 --> 00:26:24,480 Speaker 1: see going on is that, you know, a lot of 512 00:26:24,560 --> 00:26:26,960 Speaker 1: there's a there's a lot of talking heads coming out 513 00:26:27,000 --> 00:26:31,119 Speaker 1: and talking about cryptocurrency, some good, some bad. Um. Some 514 00:26:31,160 --> 00:26:34,280 Speaker 1: people are excited about it, and some people sound like 515 00:26:34,440 --> 00:26:38,160 Speaker 1: boomers that just don't understand what's going on, including maybe 516 00:26:38,200 --> 00:26:40,840 Speaker 1: one of the biggest and most famous investors in the world. 517 00:26:40,840 --> 00:26:42,320 Speaker 1: I'm gonna come back. I want to talk about that 518 00:26:43,119 --> 00:26:45,880 Speaker 1: and uh more. You listen to the Mark Moa show 519 00:26:45,920 --> 00:26:49,919 Speaker 1: talking about the decentralized revolution, talking about bitcoin and cryptocurrency, 520 00:26:50,040 --> 00:26:54,919 Speaker 1: the intersection of politics, finance and technology that is changing 521 00:26:55,240 --> 00:26:57,760 Speaker 1: the world as we speak. I got a lot more 522 00:26:57,880 --> 00:27:00,000 Speaker 1: in just a second when I come back. So don't 523 00:27:00,080 --> 00:27:02,600 Speaker 1: go away, everyone, Welcome back. You were listening to the 524 00:27:02,600 --> 00:27:05,960 Speaker 1: markmas Show. We're talking about bitcoin, We're talking about cryptocurrencies, 525 00:27:05,960 --> 00:27:09,120 Speaker 1: We're talking about the decentralized revolution that is happening right now. 526 00:27:09,600 --> 00:27:13,040 Speaker 1: And before the break, we were talking about the Super Bowl. 527 00:27:13,280 --> 00:27:16,040 Speaker 1: We're talking about the Crypto Bowl, and we're calling with 528 00:27:16,080 --> 00:27:20,600 Speaker 1: the Crypto Bowl because it was dominated by cryptocurrency advertising 529 00:27:21,160 --> 00:27:23,760 Speaker 1: um and I was comparing it to in two thousand, 530 00:27:23,880 --> 00:27:26,680 Speaker 1: which also saw the rams not the Los Angeles Rams. 531 00:27:26,680 --> 00:27:28,240 Speaker 1: It was the St. Louis Rams were also in the 532 00:27:28,280 --> 00:27:31,200 Speaker 1: Super Bowl. But back in two thousand was dominated by 533 00:27:31,359 --> 00:27:35,480 Speaker 1: dot com companies. Now, UM, the fate the future of 534 00:27:35,520 --> 00:27:37,480 Speaker 1: those dot com companies wasn't too good. As a matter 535 00:27:37,480 --> 00:27:40,000 Speaker 1: of fact, they're mostly all out of business right now 536 00:27:40,359 --> 00:27:43,199 Speaker 1: and time will tell where UM we end up with 537 00:27:43,240 --> 00:27:46,320 Speaker 1: these crypto companies. Now, most of them were from exchanges. 538 00:27:46,640 --> 00:27:48,600 Speaker 1: So we saw a coin base, we saw ft X, 539 00:27:48,640 --> 00:27:51,560 Speaker 1: we saw crypto, dot com, we saw e Toro, and 540 00:27:51,560 --> 00:27:54,879 Speaker 1: they're all out there. I saw I saw a news headline. 541 00:27:54,880 --> 00:27:57,080 Speaker 1: I don't have it pulled up, UM, but it was 542 00:27:57,640 --> 00:27:59,719 Speaker 1: I don't know. Some regulators of the United States were 543 00:27:59,720 --> 00:28:03,000 Speaker 1: saying that they thought it was bad and that they 544 00:28:03,000 --> 00:28:06,840 Speaker 1: shouldn't be advertising. And if it's cryptocurrency, if it's going 545 00:28:06,880 --> 00:28:09,600 Speaker 1: to be currency, then no one should be advertising currency. 546 00:28:09,920 --> 00:28:15,320 Speaker 1: The dollar doesn't need advertising to be used, etcetera. It's 547 00:28:15,320 --> 00:28:18,240 Speaker 1: pretty ridiculous. Bitcoin there was no There was no ad 548 00:28:18,240 --> 00:28:21,760 Speaker 1: for bitcoin. It was an exchange, coin based FTX, crypt 549 00:28:21,800 --> 00:28:26,240 Speaker 1: dot com, eToro, UM. And you have seen plenty of 550 00:28:27,000 --> 00:28:30,359 Speaker 1: stock brokerage accounts being advertised, right, You've seen I'm sure 551 00:28:30,880 --> 00:28:35,560 Speaker 1: E trade or UM you know, Charles Schwab or whatever, 552 00:28:35,800 --> 00:28:37,560 Speaker 1: Robin Hood. I don't know which one is advertised, but 553 00:28:37,600 --> 00:28:40,040 Speaker 1: I know for sure you've seen those over the years. UM. 554 00:28:40,040 --> 00:28:43,200 Speaker 1: And so for for for that, for that US regulator 555 00:28:43,240 --> 00:28:47,040 Speaker 1: to even say that, UM one, it's completely outrageous and ridiculous. 556 00:28:47,040 --> 00:28:49,920 Speaker 1: But but more importantly, it shows just how out of 557 00:28:50,000 --> 00:28:54,920 Speaker 1: touch they are, how little they know, or how much 558 00:28:54,920 --> 00:28:57,600 Speaker 1: they're just trying to gaslight you. Gaslights you being basically 559 00:28:57,600 --> 00:29:00,720 Speaker 1: trying to lie directly to your face. UM. I would 560 00:29:01,040 --> 00:29:04,280 Speaker 1: I typically lean more to the side of ignorance than 561 00:29:04,680 --> 00:29:08,640 Speaker 1: U evil. UM. And so my guess is that they're 562 00:29:08,760 --> 00:29:10,480 Speaker 1: that's just how ignorant they are. I mean, if you 563 00:29:10,480 --> 00:29:13,800 Speaker 1: think about it, cryptocurrencies is the brand new technology. I've 564 00:29:13,800 --> 00:29:15,520 Speaker 1: been studying for seven years. I'm still trying to figure 565 00:29:15,560 --> 00:29:17,040 Speaker 1: it out. You're tuning in with me every week so 566 00:29:17,120 --> 00:29:20,000 Speaker 1: I can help explain it to you, and uh, it's 567 00:29:20,040 --> 00:29:23,080 Speaker 1: that new. And of course any new technology, the older 568 00:29:23,080 --> 00:29:26,800 Speaker 1: generation has a harder time grasping it, UM. Not because 569 00:29:26,800 --> 00:29:29,040 Speaker 1: they can't learn a lot of times, typically because they're 570 00:29:29,080 --> 00:29:32,120 Speaker 1: not not interested. UM. And of course younger generations pick 571 00:29:32,160 --> 00:29:35,160 Speaker 1: it up much quicker. And so you know, when you 572 00:29:35,160 --> 00:29:38,480 Speaker 1: think about it in those terms. It's kind of scary 573 00:29:38,640 --> 00:29:43,400 Speaker 1: to think what the age of our politicians are in 574 00:29:43,440 --> 00:29:45,760 Speaker 1: the in the Democratic Party. I think it's like an 575 00:29:46,080 --> 00:29:48,840 Speaker 1: average age of like, don't quote me, I don't have 576 00:29:48,840 --> 00:29:51,120 Speaker 1: it looked up. It's like seventy seven years old or 577 00:29:51,160 --> 00:29:54,200 Speaker 1: something like that. I mean, you got Pelosi, you got Biden. 578 00:29:54,360 --> 00:29:56,640 Speaker 1: I mean they're almost eighty years old, or Pelosi's I 579 00:29:56,640 --> 00:30:00,360 Speaker 1: believe over eighty years old. And these are the ones 580 00:30:01,040 --> 00:30:07,080 Speaker 1: that are making laws and regulations on brand new kodonage 581 00:30:07,080 --> 00:30:10,960 Speaker 1: technology that has the potential to change the world, and 582 00:30:11,000 --> 00:30:13,880 Speaker 1: they don't even get it and they're making laws against it. 583 00:30:14,200 --> 00:30:16,160 Speaker 1: That's a problem. It's a big problem in my opinion. 584 00:30:16,200 --> 00:30:17,959 Speaker 1: And so to see a regulator to come out and 585 00:30:18,040 --> 00:30:21,960 Speaker 1: say that about cryptocurrency and say, oh, it's supposed to 586 00:30:21,960 --> 00:30:24,560 Speaker 1: be a currency, the shouldnt even be advertising it, but like, no, 587 00:30:24,760 --> 00:30:27,920 Speaker 1: these were exchanges, and we typically have broker just advertised. 588 00:30:28,240 --> 00:30:30,560 Speaker 1: So I thought that was pretty interesting. I saw someone 589 00:30:30,600 --> 00:30:32,840 Speaker 1: else come out and said, um, in some the financial 590 00:30:32,840 --> 00:30:35,760 Speaker 1: newsletter that I was reading a publication and they said, um, 591 00:30:35,800 --> 00:30:38,160 Speaker 1: if you know, don't rush out and by cryptocurrency if 592 00:30:38,160 --> 00:30:40,960 Speaker 1: you don't understand it, And he said, if I can't 593 00:30:41,080 --> 00:30:44,920 Speaker 1: understand an asset, I can't value it. If I can't 594 00:30:45,040 --> 00:30:49,120 Speaker 1: value it, I have no business investing in it. And 595 00:30:49,160 --> 00:30:51,280 Speaker 1: that's kind of true, he said. I I hold on 596 00:30:51,360 --> 00:30:54,240 Speaker 1: to my money and only invest in things I understand. 597 00:30:54,320 --> 00:30:56,360 Speaker 1: And that's a great point. But let me let me 598 00:30:56,400 --> 00:30:59,440 Speaker 1: kind of unpack that a little bit. So first off, UM, yes, 599 00:30:59,520 --> 00:31:01,720 Speaker 1: you should only invest into things that you understand a 600 00:31:01,760 --> 00:31:05,800 Speaker 1: h percent. UM. I hate to break it to you, 601 00:31:06,080 --> 00:31:09,720 Speaker 1: but the reality is is that investing is actually supposed 602 00:31:09,760 --> 00:31:12,840 Speaker 1: to be boring. It's supposed to be boring. I know 603 00:31:12,960 --> 00:31:14,960 Speaker 1: today everybody wants to gamble, they want to get their 604 00:31:15,000 --> 00:31:16,720 Speaker 1: robin Hood account, they want to quit their job and 605 00:31:16,720 --> 00:31:20,680 Speaker 1: trade cryptocurrencies. But investing should be boring. You should be 606 00:31:21,040 --> 00:31:24,160 Speaker 1: making a couple moves and waiting a long time. Um. 607 00:31:24,160 --> 00:31:26,400 Speaker 1: The other thing is that we all need to have 608 00:31:26,440 --> 00:31:28,920 Speaker 1: an edge. What does that mean an edge? Well, for me, 609 00:31:29,120 --> 00:31:34,120 Speaker 1: I've been doing real estate investing for almost thirty years. UM, 610 00:31:34,160 --> 00:31:36,160 Speaker 1: I know a lot about real estate investing because I've 611 00:31:36,160 --> 00:31:38,120 Speaker 1: done it a lot, and I have an edge there 612 00:31:38,280 --> 00:31:41,920 Speaker 1: over most people. UM. I've been studying and teaching on 613 00:31:41,960 --> 00:31:46,240 Speaker 1: bitcoin and cryptocurrencies for over seven years. I've personally researched 614 00:31:46,240 --> 00:31:50,520 Speaker 1: and published over one thousand pages of research on cryptocurrency projects. 615 00:31:50,640 --> 00:31:52,760 Speaker 1: I've spoken around the country with the highest level people, 616 00:31:53,000 --> 00:31:54,640 Speaker 1: So I have an edge there. I know a lot 617 00:31:54,680 --> 00:31:58,480 Speaker 1: about that. UM, if you're asking yourself while you're listening 618 00:31:58,520 --> 00:32:02,640 Speaker 1: to this, what your edge is, then you don't have one. 619 00:32:03,120 --> 00:32:04,480 Speaker 1: I hate to tell you like that, but if you 620 00:32:04,480 --> 00:32:06,640 Speaker 1: don't know what your edge is, then you don't have one. 621 00:32:06,680 --> 00:32:08,480 Speaker 1: And so we all need to find an edge. If 622 00:32:08,480 --> 00:32:11,200 Speaker 1: you think you're going to trade stocks and compete against 623 00:32:11,480 --> 00:32:14,479 Speaker 1: the hedge funds and the high frequency traders without an edge, 624 00:32:14,720 --> 00:32:17,520 Speaker 1: it's not gonna work. And so to to this this 625 00:32:17,760 --> 00:32:20,080 Speaker 1: financial point, I hold on my money and I only 626 00:32:20,120 --> 00:32:22,480 Speaker 1: invest in things I understand. Yeah, you should. You should 627 00:32:22,480 --> 00:32:24,600 Speaker 1: only invest in things that you understand. So you don't 628 00:32:24,600 --> 00:32:27,840 Speaker 1: see me trying to trade UM stocks, trying to compete 629 00:32:27,840 --> 00:32:31,360 Speaker 1: against these high frequency traders. So you should try to 630 00:32:31,440 --> 00:32:33,320 Speaker 1: understand it. But what he says is that if I 631 00:32:33,200 --> 00:32:35,320 Speaker 1: if I can't understand an asset, I can't value it. 632 00:32:35,440 --> 00:32:37,160 Speaker 1: If I can't value it, I have no business invested 633 00:32:37,200 --> 00:32:39,360 Speaker 1: in it. And and that's also true. UM. The one 634 00:32:39,400 --> 00:32:40,800 Speaker 1: thing that I just want to break out is that 635 00:32:40,960 --> 00:32:45,120 Speaker 1: is the valuation of it, and so UM typically I 636 00:32:45,160 --> 00:32:48,600 Speaker 1: think I think where these traditional legacy financial analysts get 637 00:32:48,640 --> 00:32:51,600 Speaker 1: it wrong is that they say, well, a typical company, 638 00:32:51,680 --> 00:32:54,000 Speaker 1: you know, like a warm Buffett might say, UM has 639 00:32:54,080 --> 00:32:56,680 Speaker 1: cash flows. And what I do is I take the 640 00:32:56,720 --> 00:33:00,360 Speaker 1: cash flow and then I get a price to earnings ratio. 641 00:33:00,440 --> 00:33:02,960 Speaker 1: So I look at like what their profitability is UM, 642 00:33:03,000 --> 00:33:04,360 Speaker 1: and then I divide it by the amount of stock 643 00:33:04,400 --> 00:33:07,240 Speaker 1: they have, and I get this ratio, and I'm I'm 644 00:33:07,280 --> 00:33:10,960 Speaker 1: basically buying cash flow. So this company, you know, UM, 645 00:33:10,960 --> 00:33:13,120 Speaker 1: there a chocolate company, or let's say Coca Cola. They 646 00:33:13,160 --> 00:33:16,000 Speaker 1: make they make soda, and they make this much cash flow, 647 00:33:17,120 --> 00:33:19,840 Speaker 1: and I can value the company because I can see 648 00:33:19,880 --> 00:33:22,840 Speaker 1: how much profit they have. But cryptocurrencies don't have any 649 00:33:22,880 --> 00:33:25,640 Speaker 1: revenues or any profit. How can I value a company 650 00:33:25,640 --> 00:33:28,200 Speaker 1: with no revenue or profit. Well, the one thing that 651 00:33:28,320 --> 00:33:30,000 Speaker 1: so so it is it is specultive. But the thing 652 00:33:30,040 --> 00:33:34,479 Speaker 1: I'd say about that is that even using traditional metrics 653 00:33:34,560 --> 00:33:36,440 Speaker 1: is specultive as well. Because let's say that I have 654 00:33:36,480 --> 00:33:39,520 Speaker 1: Coca Cola and it's it's making these profits, uh, and 655 00:33:39,560 --> 00:33:43,000 Speaker 1: then I give it a multiple. Is it six times profits? 656 00:33:43,200 --> 00:33:46,800 Speaker 1: Is it twenty times profits, is it fifty times profits? 657 00:33:46,800 --> 00:33:49,840 Speaker 1: Where does that multiple come from? Oh, that's right speculative, 658 00:33:50,680 --> 00:33:54,120 Speaker 1: So it's still specultive either way. But to to this point, UM, 659 00:33:54,160 --> 00:33:55,520 Speaker 1: I do want to just kind of help you out 660 00:33:55,560 --> 00:33:59,160 Speaker 1: a little bit. When you're looking at UM new cryptocurrency assets, 661 00:33:59,160 --> 00:34:02,080 Speaker 1: something like bitcoin um there is no product, there is 662 00:34:02,120 --> 00:34:05,360 Speaker 1: no sales, there's no revenue, there is no um profits obviously, 663 00:34:05,760 --> 00:34:07,160 Speaker 1: and so the way that I look at it is 664 00:34:07,200 --> 00:34:09,600 Speaker 1: more the way i'd look at like a venture investment. 665 00:34:09,800 --> 00:34:11,279 Speaker 1: So if I was going to invest into Uber in 666 00:34:11,280 --> 00:34:13,400 Speaker 1: the early days before they were company, how would I 667 00:34:13,440 --> 00:34:15,520 Speaker 1: know how much it would be worth? While they're gonna 668 00:34:15,560 --> 00:34:18,200 Speaker 1: take on the tax industry, the limo industry, the van 669 00:34:18,239 --> 00:34:20,800 Speaker 1: share right industry. Each of those industries it's a hundred 670 00:34:20,800 --> 00:34:22,640 Speaker 1: million dollar industry, is a billion dollar industry, etcetera. You 671 00:34:22,680 --> 00:34:24,720 Speaker 1: add them up, and if I could get five percent 672 00:34:24,840 --> 00:34:27,120 Speaker 1: of those industries, I would be worth X. And so 673 00:34:27,160 --> 00:34:28,839 Speaker 1: I would also look at the same with bitcoin. So 674 00:34:29,840 --> 00:34:32,520 Speaker 1: um JP Morgan City Banks that is going to overtake 675 00:34:32,520 --> 00:34:35,040 Speaker 1: gold with that's thirteen trillion, Okay, So it's the thirteen 676 00:34:35,200 --> 00:34:37,480 Speaker 1: x UM. There's thirty to forty trillions in an offshore 677 00:34:37,480 --> 00:34:40,480 Speaker 1: bank accounts. So there's another you know, Um, let's say 678 00:34:40,520 --> 00:34:41,839 Speaker 1: we got ten percent of that, that's three or four 679 00:34:41,880 --> 00:34:45,440 Speaker 1: trillion that we can add in. Um, there's a half 680 00:34:46,160 --> 00:34:49,080 Speaker 1: of all the bonds. Sovereign bonds in the world are 681 00:34:49,160 --> 00:34:52,680 Speaker 1: negative yielding. That means they're losing money. There's another you know, 682 00:34:52,719 --> 00:34:55,200 Speaker 1: almost twenty trillion that can come in right there. Um. 683 00:34:55,239 --> 00:34:56,400 Speaker 1: And so all of a sudden you go, well, if 684 00:34:56,400 --> 00:34:58,480 Speaker 1: I take five or ten percent from that five five 685 00:34:58,520 --> 00:35:02,360 Speaker 1: or timbercent that bitcoin could you're worth two hundred trillion. 686 00:35:03,080 --> 00:35:06,360 Speaker 1: That's upside And so you would you would approach it 687 00:35:06,440 --> 00:35:09,160 Speaker 1: like that. And so to his point, Um, if you can't, 688 00:35:09,280 --> 00:35:12,239 Speaker 1: if you can't understand it, you can't value it. And 689 00:35:12,280 --> 00:35:14,960 Speaker 1: hopefully I'm here to help you understand it each and 690 00:35:15,000 --> 00:35:17,359 Speaker 1: every week so you can start to value it. There's 691 00:35:17,360 --> 00:35:19,360 Speaker 1: a lot of money that's in the stock market, a 692 00:35:19,400 --> 00:35:21,520 Speaker 1: lot of money that's in the real estate market, uh, 693 00:35:21,520 --> 00:35:23,279 Speaker 1: in the bond market because you don't know where else 694 00:35:23,320 --> 00:35:25,120 Speaker 1: to put that money. But as more and more people 695 00:35:25,160 --> 00:35:28,719 Speaker 1: wake up and say, actually, bitcoin is a better place 696 00:35:28,719 --> 00:35:30,600 Speaker 1: than to be in the bond market that's losing money, 697 00:35:30,640 --> 00:35:33,239 Speaker 1: or in the stock market that's that's vaultile, etcetera. We'll 698 00:35:33,280 --> 00:35:35,600 Speaker 1: see more and more of that money coming in and 699 00:35:35,640 --> 00:35:38,759 Speaker 1: that's how um I think. I think that's how you value, 700 00:35:38,800 --> 00:35:40,799 Speaker 1: that's how that's how I look at it. Anyway, you're 701 00:35:40,800 --> 00:35:44,080 Speaker 1: listening to the markma Show talking about the intersection of politics, finance, 702 00:35:44,080 --> 00:35:46,480 Speaker 1: and technology. We're talking about Bickoen, We're talking about the 703 00:35:46,560 --> 00:35:50,759 Speaker 1: decentralized revolution, bringing you the latest breaking news each and 704 00:35:50,760 --> 00:35:53,400 Speaker 1: every week to keep you up to date. That's it. 705 00:35:53,480 --> 00:35:54,200 Speaker 1: Thanks for listening.