WEBVTT - The Mark Moss Show - The Volatility of Bitcoin 0:00:00.320 --> 0:00:03.120 Hello, and welcome to another episode of The Mark Moss Show, 0:00:03.160 --> 0:00:06.840 where we talk about bitcoin cryptocurrencies. We talk about the 0:00:06.960 --> 0:00:10.280 decentralized revolution that we are living through that we're witnessing 0:00:10.480 --> 0:00:13.800 right now, and it is never a dull moment as 0:00:13.840 --> 0:00:19.000 we are witnessing the world change right before our very eyes. Man, 0:00:19.360 --> 0:00:20.920 I know I say it a lot, but I just 0:00:21.560 --> 0:00:24.319 I'm just continued just to be impressed by just you know, 0:00:24.400 --> 0:00:27.200 the old Vladimir Lyndon quote of um decades where nothing 0:00:27.240 --> 0:00:30.280 seems to happen, and then decades or days where decades 0:00:30.280 --> 0:00:32.440 seemed to happen. And that's exactly kind of where we're 0:00:32.440 --> 0:00:36.199 living through. You know, I've been talking about bitcoin and 0:00:36.240 --> 0:00:41.000 cryptocurrencies basically full time since like two thousand and sixteen. 0:00:41.560 --> 0:00:44.600 I got into it in and once I kind of 0:00:44.640 --> 0:00:47.120 really understood what it was. Well, I'm still trying to 0:00:47.159 --> 0:00:49.280 figure out what it is. For all of you guys 0:00:49.280 --> 0:00:50.680 that think you already know what you're talking about, I'm 0:00:50.720 --> 0:00:53.319 still trying to figure out what it is. But when 0:00:53.360 --> 0:00:55.200 I when I kind of thought I had understood what 0:00:55.240 --> 0:00:56.960 it was, I was like, dang, I gotta I gotta 0:00:57.000 --> 0:01:00.360 tell the whole world about this. So I guess well, 0:01:00.440 --> 0:01:02.120 let me let me tell you my story real quick. 0:01:02.360 --> 0:01:04.759 Maybe I don't know if I've done that before. So, um, 0:01:04.880 --> 0:01:07.319 you're listening to the Mark Moa Show, and I'm talking 0:01:07.360 --> 0:01:09.880 about bitcoin of cryptocurrencies, and as will tell you my 0:01:09.880 --> 0:01:13.880 own little experience here. So you know, I, uh, let's 0:01:13.920 --> 0:01:17.720 say that I had become pretty disillusioned with the financial 0:01:17.720 --> 0:01:20.840 system and the political system after the two thousand eight 0:01:20.920 --> 0:01:24.120 Great Financial Crash. It was devastating for me. UM. I 0:01:24.240 --> 0:01:26.760 lost a lot of money. I pretty much got wiped out. 0:01:27.120 --> 0:01:29.880 I then had to go and try to figure out 0:01:30.000 --> 0:01:32.880 what this whole financial system was about. As I started 0:01:32.880 --> 0:01:35.560 to dig deep into that and try to learn that, UM, 0:01:35.600 --> 0:01:38.640 I became, you know, very disillusioned with the system, to 0:01:38.640 --> 0:01:41.479 say the least. UM and I and I figured out 0:01:42.840 --> 0:01:46.240 that the problem was that we had this inflationary monetary 0:01:46.280 --> 0:01:48.520 system basically where the FED can just create unlimited amounts 0:01:48.520 --> 0:01:51.400 of money. And if we could go back to something 0:01:51.440 --> 0:01:55.440 like the gold standard, UM, where we had sound money, 0:01:55.520 --> 0:01:58.400 hard money, hard money or sound money, meaning that uh, 0:01:58.520 --> 0:02:00.240 nobody could just go create more of it, right, get 0:02:00.280 --> 0:02:02.680 a limited amount. If you can go back to something 0:02:02.680 --> 0:02:04.440 like that, then that could solve a lot of the 0:02:04.440 --> 0:02:07.200 problems when I became this goldbug, and um, you know, 0:02:07.280 --> 0:02:09.000 moving forward, I became this gold bug, and I started, 0:02:09.040 --> 0:02:12.000 like I said, very disillusioned with politics, to the point 0:02:12.080 --> 0:02:15.680 where I kind of wanted to just ignore it. I 0:02:15.840 --> 0:02:18.720 was like, you know it, it doesn't do me any 0:02:18.720 --> 0:02:20.920 good to pay attention to this. UM get all excited 0:02:20.919 --> 0:02:23.880 by it. Politics gets a lot of dopamine released in 0:02:23.919 --> 0:02:25.840 our bodies. That's why we get really addicted to it. 0:02:26.120 --> 0:02:27.440 But I said, it's kind of a waste of my time. 0:02:27.440 --> 0:02:29.880 My vote doesn't count. UM, nothing I can do is 0:02:29.880 --> 0:02:32.640 gonna change anything. I'm not connected enough to be part 0:02:32.639 --> 0:02:35.120 of the inside. UM, So my goal would just be 0:02:35.240 --> 0:02:38.480 to move away to Central America somewhere I live on beach, 0:02:38.480 --> 0:02:40.520 surf and fish and just you know, I don't want 0:02:40.520 --> 0:02:41.960 to be a freedom fighter. That's why I told my wife, 0:02:42.000 --> 0:02:45.520 I don't want to be a freedom fighter. And I was. 0:02:46.000 --> 0:02:49.119 I was subscribed to this newsletter shout out to Sovereign Man. 0:02:49.160 --> 0:02:50.560 If and you guys ever heard that, and if not, 0:02:50.600 --> 0:02:52.480 you should check it out. And I subscribed to this 0:02:52.480 --> 0:02:55.280 newsletter called Sovereign Man, which is a newsletter that talks 0:02:55.280 --> 0:02:57.920 about being exactly what the name says, which is being 0:02:58.160 --> 0:03:01.600 you know, a sovereign man, sovereign Um. The way that 0:03:01.639 --> 0:03:06.960 I look at sovereign is sovereignty is being able to 0:03:07.120 --> 0:03:10.960 direct my life as I see fit in a way 0:03:11.040 --> 0:03:15.639 that leads to my own ends. So I'm not being 0:03:15.720 --> 0:03:19.440 coerced like a coercion would be. Um, I'm forced to 0:03:19.440 --> 0:03:22.000 make a choice that leads to somebody else's end. So 0:03:22.080 --> 0:03:25.480 for example, take the jab or lose your job. Well, 0:03:25.560 --> 0:03:28.639 either choice I make leads me to your ends, it 0:03:28.680 --> 0:03:30.959 doesn't lead me to my ends. So sovereign tya means 0:03:30.960 --> 0:03:32.880 I can make my choices that leads me to my ends. 0:03:32.919 --> 0:03:35.520 So a sovereign man being a being a man that 0:03:35.520 --> 0:03:38.120 that can control my destiny if you will. And he 0:03:38.200 --> 0:03:40.840 made he made the very compelling case that you wouldn't 0:03:40.880 --> 0:03:44.840 put all your money into one stock, would you write 0:03:44.920 --> 0:03:48.080 or one investment? Of course, the answer is no, And 0:03:48.560 --> 0:03:52.040 why wouldn't you do that? Well because of risk. And 0:03:52.080 --> 0:03:54.120 so if you wouldn't do that, then why do you 0:03:54.200 --> 0:03:59.320 have your whole life in one country? M hmm. It's 0:03:59.440 --> 0:04:02.480 very compelling argument. I had to think about that and 0:04:02.520 --> 0:04:07.200 the answer is, well you maybe shouldn't. Especially um at 0:04:07.240 --> 0:04:10.600 that time, this is back. You know twenty thirteen, fourteen 0:04:10.680 --> 0:04:12.520 fifteen that I was kind of reading this and thinking 0:04:12.560 --> 0:04:15.720 about this. Of course it's never been more more true 0:04:15.720 --> 0:04:17.600 and real today is something that I spent a lot 0:04:17.600 --> 0:04:19.240 of time and so what I'm pounding the table onto 0:04:19.279 --> 0:04:23.919 something called financial sovereignty, which is a financial freedom. But 0:04:23.920 --> 0:04:26.240 then you use that freedom to have I'm sorry that 0:04:26.320 --> 0:04:29.400 financial financial freedom part to have more sovereignty and more freedom. 0:04:29.440 --> 0:04:31.719 So financial sovereignty, that's what I like to focus on. 0:04:32.200 --> 0:04:33.960 Of course, if you're tune in on a regular basis, 0:04:34.000 --> 0:04:35.720 then you know that that's what I talked about. We're 0:04:35.760 --> 0:04:38.359 making money, We're working on our freedom, more options to 0:04:38.440 --> 0:04:40.960 deal in the world of uncertainty. If you're not tuning 0:04:41.000 --> 0:04:42.720 in on a regular basis, then you should so make 0:04:42.760 --> 0:04:44.320 sure to put a calendar reminder for this date at 0:04:44.320 --> 0:04:46.360 this time this channel and joined me each and every week. 0:04:47.240 --> 0:04:49.200 And if you want to know more about financial sovereignty, 0:04:49.320 --> 0:04:50.919 I care about it so much. Not only do I 0:04:50.920 --> 0:04:52.960 talk about all the time, I actually started an event 0:04:53.760 --> 0:04:57.120 just to focus on financial sovereignty and help people learn 0:04:57.160 --> 0:04:59.920 more about it and have more money and freedom with 0:05:00.080 --> 0:05:02.760 same time. You can check that out of market Disruptors 0:05:03.080 --> 0:05:06.600 Live dot com. We're actually having our our second annual 0:05:06.640 --> 0:05:09.800 live event coming up next month. Be awesome to come 0:05:09.800 --> 0:05:12.000 out and meet some new people, make some new friends, meet, 0:05:12.120 --> 0:05:14.040 meet and greet me and some of the best speakers 0:05:14.040 --> 0:05:16.360 in the world to talk about how to make more money, build, grow, 0:05:16.440 --> 0:05:18.520 protect your wealth, as I like to say it. So 0:05:18.640 --> 0:05:22.000 market Disruptors Live dot com check that out. But so 0:05:22.040 --> 0:05:24.320 I was on this path for sovereignty, and I was 0:05:24.760 --> 0:05:26.280 he makes the case that why would you have your 0:05:26.279 --> 0:05:28.159 whole life in one country? And so we're in a 0:05:28.200 --> 0:05:30.960 digital aige. You can have multiple flags and multiple countries, 0:05:31.320 --> 0:05:34.800 and so why not have bank accounts in other countries? 0:05:34.960 --> 0:05:37.200 In that way, off your bank in your country sees 0:05:37.240 --> 0:05:39.560 your bank accounts here, you have bank acounts otherwhere. Why 0:05:39.600 --> 0:05:41.440 not have gold stored in other countries? Why not have 0:05:41.520 --> 0:05:44.000 multiple passports and these types of things. And so I 0:05:44.040 --> 0:05:48.080 was actually in the process of um setting up a 0:05:48.120 --> 0:05:50.919 corporation in Panama, so I could set up a trust 0:05:50.920 --> 0:05:52.760 in Panama, I could open up a bank acount of Panama, 0:05:52.800 --> 0:05:54.920 put about seventy five thousand dollars at the time back 0:05:54.960 --> 0:05:58.240 into the bank account and one it would earn very 0:05:58.240 --> 0:05:59.880 good interest. I think at the time I was paying 0:05:59.880 --> 0:06:02.279 like seven percent interest in the bank, which was pretty 0:06:02.320 --> 0:06:05.400 pretty good. Especially considering today's terms it's at zero. So 0:06:05.440 --> 0:06:06.919 I'd make like seven percent of my money, which was 0:06:06.920 --> 0:06:09.360 pretty good back then. Um, well, it's good right now 0:06:09.400 --> 0:06:12.000 to UM. And then the best part is then I 0:06:12.000 --> 0:06:14.640 would get residency. So then I can get residency, and 0:06:14.680 --> 0:06:16.520 then after several years I think it was five years, 0:06:16.560 --> 0:06:22.400 I could actually get UM citizenship. I can get a passport. 0:06:21.560 --> 0:06:25.279 If I would have done that, I would have my 0:06:25.360 --> 0:06:27.440 citizenship by now. But but I didn't do it. And 0:06:27.440 --> 0:06:29.800 the reason why I didn't do it is I took 0:06:29.839 --> 0:06:32.279 another look at bitcoin and it has been coming across 0:06:32.320 --> 0:06:34.840 my desk for a while. I've been in the tech 0:06:34.880 --> 0:06:36.400 space and the internet space for a long time. I 0:06:36.400 --> 0:06:38.440 started internet business in two thousand and one at the 0:06:38.440 --> 0:06:41.159 bottom of the dot com crash, and I've been on 0:06:41.200 --> 0:06:42.920 the internet ever since since. So I'm a tech guy, 0:06:42.960 --> 0:06:44.960 I'm an investor. And so it had come across my 0:06:45.040 --> 0:06:48.320 desk many times and had ran up to like a 0:06:48.360 --> 0:06:50.120 thousand dollars and then it had dropped back down to 0:06:50.200 --> 0:06:52.839 like a couple hundred bucks, and I was like, maybe not, 0:06:53.360 --> 0:06:54.880 but I took another look at I bought it. I'm like, 0:06:54.920 --> 0:06:56.560 this is the same thing. It's like getting my money 0:06:56.600 --> 0:06:58.520 out of the bank, which is what I was ultimately 0:06:58.520 --> 0:07:00.520 trying to do. So I bought bit and once I 0:07:00.600 --> 0:07:02.839 found out about it, once I once I put some 0:07:02.960 --> 0:07:04.800 in what we call it putting a little skin in 0:07:04.800 --> 0:07:06.600 the game. Once I had a little skin in the game, 0:07:06.640 --> 0:07:07.839 I had a little bit of bitcoin, and then it 0:07:08.400 --> 0:07:11.400 encouraged me to start learning more about it. And as 0:07:11.400 --> 0:07:13.720 I started learning more about it, I started to realize, like, 0:07:14.640 --> 0:07:17.240 we actually have a tool that we can win with, 0:07:17.760 --> 0:07:21.400 Like this is something we can do. And so I 0:07:21.520 --> 0:07:23.520 have to tell everybody in the world that I know 0:07:23.600 --> 0:07:27.160 about it. And so I did. And as I said, 0:07:28.000 --> 0:07:30.560 where I started the story is I've been talking about bitcoin, 0:07:30.960 --> 0:07:34.840 uh and cryptocurrencies and this decentralized revolution now full time 0:07:35.080 --> 0:07:38.280 since about and the reason why I say that is 0:07:38.640 --> 0:07:43.000 um bitcoin and cryptocurrency has had this amazing run seventeen. 0:07:43.440 --> 0:07:45.960 Bitcoin started the year twenty seventeen and a thousand dollars 0:07:46.040 --> 0:07:48.600 and finished the year twenty thousand dollars amazing at twenty 0:07:48.800 --> 0:07:51.760 return in just a year. UM. But then in December, 0:07:52.200 --> 0:07:55.560 seeen it had this spectacular blow off top um and 0:07:55.680 --> 0:07:57.400 dropped all the way back down to three thousand and 0:07:57.480 --> 0:08:00.240 everybody was mad and upset and sad and what I room? 0:08:00.960 --> 0:08:05.520 And then nineteen happened and there was like nothing going 0:08:05.560 --> 0:08:10.640 on and there was like nothing to talk about, Like 0:08:10.720 --> 0:08:13.200 it was literally like this long cold winter, and I 0:08:13.240 --> 0:08:15.000 went for like a year and it's like, man, what 0:08:15.040 --> 0:08:17.239 can I even talk about now? And I'm like starting 0:08:17.240 --> 0:08:19.680 to talk about like just more like general business stuff. 0:08:19.760 --> 0:08:21.520 Maybe I talked about a little bit of like personal 0:08:21.560 --> 0:08:24.280 development stuff, like it's boring around here, what the heck 0:08:24.320 --> 0:08:26.160 is going on? And the reason why I say that 0:08:26.280 --> 0:08:28.520 is because there's decades where nothing seems to happen. And 0:08:28.520 --> 0:08:30.360 in that case, there was a couple of years where 0:08:30.400 --> 0:08:33.520 nothing seemed to happen, and here we are now there's 0:08:33.720 --> 0:08:35.760 days where decades seemed to happen. And so today it's 0:08:35.800 --> 0:08:38.880 like every day there's like multiple stories I need to 0:08:38.880 --> 0:08:42.760 be talking about, which um. By the way, I'm thinking 0:08:42.800 --> 0:08:45.959 about starting a daily podcast and a daily YouTube show. 0:08:46.000 --> 0:08:47.920 If you're not following me on YouTube, you shop Mark Moss. 0:08:48.440 --> 0:08:50.560 I got a lot to cover today because there's so 0:08:50.640 --> 0:08:52.640 much that happened, So do not go away. I'm going 0:08:52.679 --> 0:08:55.480 to be right back. All right, welcome back. You are 0:08:55.559 --> 0:08:58.120 listening to the Mark Moss Show, and we're talking about, 0:08:58.600 --> 0:09:01.000 as I said, bitcoin and crypt occurrency. You know, we're 0:09:01.040 --> 0:09:05.520 talking about this decentralized revolution, um that's sweeping the world. 0:09:05.520 --> 0:09:07.840 Before the break, I was just talking about how sometimes 0:09:09.040 --> 0:09:10.760 you know, decades where nothing seems to happen, and here 0:09:10.800 --> 0:09:13.600 we are where everything seems to happen. And I'm talking 0:09:13.600 --> 0:09:16.920 about this, you know, on a daily basis, about this 0:09:17.160 --> 0:09:20.480 decentralized revolution, that's what That's what I call it. And 0:09:20.520 --> 0:09:22.520 I've been talking about a lot. If you haven't heard 0:09:22.960 --> 0:09:27.079 about these three revolutionary cycles that are converging, and do 0:09:27.120 --> 0:09:28.800 you hear a lot about a lot of people talking 0:09:28.840 --> 0:09:32.559 about different aspects of this. So, for example, Ray dalio 0:09:32.760 --> 0:09:35.720 Um one of the smartest investors in the world, the 0:09:35.800 --> 0:09:39.520 founder of Bridgewater Capital, the largest fund in the world. 0:09:39.960 --> 0:09:43.440 He recently wrote a book called The Changing World Order. 0:09:43.480 --> 0:09:46.280 It's an amazing book. I highly recommend it. Um. It's 0:09:46.280 --> 0:09:48.720 a big book. It's thick book with tons of charts, 0:09:48.760 --> 0:09:52.600 tons of data, and he really outlines a bunch of things, 0:09:52.640 --> 0:09:55.120 including you know, these long term debt cycles. So really 0:09:55.120 --> 0:09:58.480 he focused on like the financial revolution aspect about every 0:09:58.600 --> 0:10:03.199 eighty years the financial um the financial system is reset 0:10:03.480 --> 0:10:05.600 and he really and he really talks about the rise 0:10:05.640 --> 0:10:10.000 and fall of empires and it's great. Again, highly recommend it. 0:10:10.679 --> 0:10:12.679 I like to take that. So there's this eighty year 0:10:12.720 --> 0:10:14.960 financial revolution cycle and then look at it with a 0:10:14.960 --> 0:10:19.040 tune into your political revolution cycle, UM. And then your 0:10:19.240 --> 0:10:21.800 revolution cycle is basically like a pendulum that swings back 0:10:21.840 --> 0:10:24.560 and forth and UM. On an your time frame, we 0:10:24.640 --> 0:10:28.800 move towards globalization or centralization, where things get more and 0:10:28.840 --> 0:10:34.280 more centralized, more central government, more central banks, right w EF, 0:10:34.440 --> 0:10:37.520 World to Health, World Economic Form, World Health Organization, World 0:10:37.520 --> 0:10:39.840 Trade Organization, the I, m F, the U N, et cetera. 0:10:40.000 --> 0:10:43.560 These central entities taking more and more control over our lives. 0:10:44.080 --> 0:10:46.160 So the world has been swinging that way, and now 0:10:46.200 --> 0:10:48.880 that pendulum is maxing out, it's ready to swing back 0:10:48.920 --> 0:10:51.360 the other way. So's something I've talked a lot about. 0:10:51.360 --> 0:10:53.199 If you want to learn more about that, you can 0:10:53.240 --> 0:10:57.719 just search Mark Moss um three cycles something like that. 0:10:57.800 --> 0:10:59.840 Go to go to YouTube search of Mark Moss three cycles. 0:10:59.840 --> 0:11:02.840 You'll see that UM. And So really, if you look 0:11:02.880 --> 0:11:03.920 at it's like I said it on a tune and 0:11:03.960 --> 0:11:08.760 fift year time frame and sort of like the four 0:11:08.800 --> 0:11:12.040 seasons of the year's you know, summer, spring, winterfall. On 0:11:12.080 --> 0:11:15.800 the calendar, there's an exact date that that season switches, 0:11:15.840 --> 0:11:18.240 but that doesn't mean the weather changes that exact day, right, 0:11:18.280 --> 0:11:20.120 So it's kind of like plus or minus a little bit. 0:11:20.640 --> 0:11:22.840 And so that's kind of how these cycles are as well, 0:11:22.880 --> 0:11:26.319 about every eighty years eighty four years, right about every 0:11:26.360 --> 0:11:27.880 two and fifty years, and so if you kind of 0:11:27.920 --> 0:11:30.520 have this range, and so that's kind of where we're at. 0:11:30.600 --> 0:11:35.480 I think this range really started about twenty seventeen seventeen 0:11:35.480 --> 0:11:38.480 and it ends about twenty So that's kind of this 0:11:38.720 --> 0:11:41.079 we're in. We're in this where the where the pendulum 0:11:41.120 --> 0:11:44.160 is maxing out and then swinging back the other way, 0:11:44.200 --> 0:11:45.920 and so as it maxes out and swings back, it's 0:11:45.960 --> 0:11:47.560 in that range, right, So that's kind of where we're 0:11:47.559 --> 0:11:53.360 app And so it really started with Brexit, righten brexit um. 0:11:53.440 --> 0:11:56.600 That was Britain trying to break apart from the EU. 0:11:56.800 --> 0:11:59.839 Right So the EU was massive centralization, just centralized the 0:11:59.840 --> 0:12:02.960 whole continent of Europe right um. And then Brexit was like, hey, 0:12:03.080 --> 0:12:04.760 we don't want to be part of that big central 0:12:04.800 --> 0:12:07.440 force a name were let's break apart. Um. Donald Trump 0:12:07.480 --> 0:12:10.360 getting elected was was another symbol of that, right was 0:12:10.760 --> 0:12:13.920 rejecting the status quo. Hillary Clinton was would have been 0:12:13.960 --> 0:12:17.800 more um centralization, right, she was part of that status quo. Uh. 0:12:18.200 --> 0:12:21.320 Trump getting elected was the symbolization of that pendulum swinging 0:12:21.320 --> 0:12:24.120 back where people are saying, no, we don't want that anymore. Um. 0:12:24.240 --> 0:12:27.439 The the yellow jacket protest in Paris, you know, was 0:12:27.480 --> 0:12:30.439 that And so we see this and here we are 0:12:30.559 --> 0:12:33.480 now today, two thousand twenty two, and we are at 0:12:33.480 --> 0:12:37.319 the climax. I mean, it's it's the climax. The pendulum 0:12:37.360 --> 0:12:41.240 is rapidly starting to move the other way. And uh 0:12:41.480 --> 0:12:43.880 so much that you know, this Russia Ukraine war is 0:12:43.920 --> 0:12:47.200 really exaggerated this. And Larry Fink, the CEO of Blackrock, 0:12:47.280 --> 0:12:50.319 the largest asset manager in the world, about two weeks ago, 0:12:50.360 --> 0:12:52.920 came out and said, this is the end of globalization. 0:12:53.000 --> 0:12:56.640 It's that big so um, Like I said, you can 0:12:56.720 --> 0:12:58.240 watch those videos if you want to know more about that, 0:12:58.320 --> 0:13:02.880 just search Mark Moss and three cycles on YouTube. But um, 0:13:02.920 --> 0:13:04.800 what I want to talk about today was more like, 0:13:04.920 --> 0:13:10.200 what what would deglobalization mean for the financial markets? What 0:13:10.240 --> 0:13:12.720 does it mean for inflation? More specifically, what would it 0:13:12.800 --> 0:13:16.559 mean for bitcoin? Something I wanted to talk about I 0:13:16.559 --> 0:13:19.640 think I thought to be pretty interesting, especially seeing as 0:13:19.679 --> 0:13:22.840 here we are witnessing all of this happening right here 0:13:22.880 --> 0:13:26.000 before our very eyes. So what would it mean for bitcoin? 0:13:26.040 --> 0:13:28.559 What would it means specifically for bitcoin's price? I think 0:13:28.559 --> 0:13:30.360 that's what a lot of people want to know. I 0:13:30.360 --> 0:13:32.640 don't typically talk about price a lot because I think 0:13:32.640 --> 0:13:37.360 it's probably the least interesting aspect of bitcoin. Um When 0:13:37.400 --> 0:13:41.400 you're looking at a new technology like bitcoin, a technological revolution, Really, 0:13:42.000 --> 0:13:43.000 the way that you want to look at it is 0:13:43.000 --> 0:13:44.920 you want to look at user adoption, use your growth. 0:13:44.960 --> 0:13:46.840 Are we getting more users on the network, and two 0:13:46.840 --> 0:13:50.400 are we having development on the network? Those are the 0:13:50.440 --> 0:13:53.160 most interesting things. The price, the price will get there um. 0:13:53.240 --> 0:13:55.959 The price of bitcoin is very volatile. What does that mean? 0:13:56.000 --> 0:13:57.760 It goes up and down a lot, up and down, 0:13:57.880 --> 0:13:59.680 up and down, up and down. Now, volatility, for some 0:13:59.720 --> 0:14:01.719 people say it's a bad thing. They say, how can 0:14:01.760 --> 0:14:04.280 bitcoin never be used for a store value? It's too volatile? 0:14:05.520 --> 0:14:07.280 But volatility is a good thing and it's a bad 0:14:07.320 --> 0:14:11.800 thing because volatility works both ways. Up and down. If 0:14:11.840 --> 0:14:13.599 it never went up, the bitcoin would just always be 0:14:13.640 --> 0:14:15.960 at zero. It would never go up. You can't go 0:14:16.000 --> 0:14:19.400 from zero to forty dollars in UM, you know, twelve 0:14:19.480 --> 0:14:23.000 years without volatility. So that's just the price that you pay. 0:14:23.200 --> 0:14:25.960 The way that I like to look at volatility is 0:14:26.040 --> 0:14:34.080 it's the It's the difference between perception and reality. So 0:14:34.120 --> 0:14:36.640 what do I mean by that, Well, the reality is 0:14:36.720 --> 0:14:41.760 is that the bitcoin network itself is and bitcoin technology. 0:14:41.840 --> 0:14:46.080 The reality is it's growing. We're getting more users, we're 0:14:46.120 --> 0:14:50.280 getting more adoption. Billionaires are now using it as a reserve. 0:14:50.520 --> 0:14:54.280 Fortunate companies are now using it as the reserve. Countries 0:14:54.320 --> 0:14:56.760 like El Savador are now using it as their reserves. 0:14:57.120 --> 0:14:59.520 States in the United States are starting to now accept 0:14:59.520 --> 0:15:02.880 payments and fees in it um. Other governments like Mexico 0:15:02.960 --> 0:15:05.200 now have put laws into the effect to put it 0:15:05.240 --> 0:15:07.280 as legal tender in the in those countries as well. 0:15:07.360 --> 0:15:11.120 So the network is growing, the network effects, more people 0:15:11.120 --> 0:15:14.840 are using it, and at the same time we're stealing 0:15:14.920 --> 0:15:17.680 more and more mind share. So we have some of 0:15:17.720 --> 0:15:20.680 the best and brightest people. I mentioned Ray Dalio's Bridgewater Capital. 0:15:20.840 --> 0:15:25.600 The CFO left Bridgewater Capital to work for a bitcoin company, 0:15:25.920 --> 0:15:28.160 we're stealing massive amounts of mind share. At the Bitcoin 0:15:28.200 --> 0:15:31.680 conference last week, we had Jordan Peterson come as one 0:15:31.720 --> 0:15:34.200 of the headliners. Now he's probably one of the smartest 0:15:34.280 --> 0:15:38.440 intellectuals in the world today and he's at the Bitcoin conference. 0:15:38.440 --> 0:15:41.840 So we're just this, we're this, this amount of mind share. 0:15:41.840 --> 0:15:43.760 It's just all being sucked in. So the network is 0:15:43.800 --> 0:15:49.560 growing rapidly um and the mind shares growing rapidly. That's 0:15:49.640 --> 0:15:53.840 the reality. The perception, though, is the volatility. So what 0:15:53.920 --> 0:15:56.600 happens is people see these moves and they get so 0:15:56.680 --> 0:15:59.160 excited they start pushing the price up. And the price 0:15:59.200 --> 0:16:03.920 goes up how higher and faster and further from reality 0:16:03.920 --> 0:16:06.400 than it should be. People think it's it's it's it's 0:16:06.400 --> 0:16:09.360 it's guaranteed, it's gonna be here tomorrow. Everybody buy in, right, 0:16:09.360 --> 0:16:13.400 and so their their perception gets over exaggerated, and then 0:16:13.440 --> 0:16:16.480 people go, well, you know, it's it's it's not that big, 0:16:16.560 --> 0:16:19.000 and then it starts selling off, and then it gets oversold, 0:16:19.040 --> 0:16:22.800 and then it it goes below reality. But reality, I mean, 0:16:22.880 --> 0:16:24.360 if I was drawing this out for you on a 0:16:24.400 --> 0:16:27.480 piece of paper, if I had reality moving at like 0:16:27.520 --> 0:16:30.240 a forty five degree angle. Right, it's it's moving on 0:16:30.400 --> 0:16:36.640 upward trajectory. More users, more adoption, more mind share, more development. Right, 0:16:36.680 --> 0:16:39.400 that's the reality. The perception goes up and down like 0:16:39.440 --> 0:16:42.760 an s across that line gets overvalued and then it 0:16:42.760 --> 0:16:44.400 gets sold off and it's undervalued, and then it goes 0:16:44.440 --> 0:16:48.040 back to overvalued and undervalued. And that's good thing. And 0:16:48.080 --> 0:16:54.920 it's also our opportunity because if we understand this, then 0:16:55.440 --> 0:16:58.480 we have an opportunity to get in and play these 0:16:58.520 --> 0:17:00.440 little things. Now I'm not a trade or I don't 0:17:00.440 --> 0:17:02.960 recommend that you trade it. But what happens is when 0:17:02.960 --> 0:17:06.000 it gets over sold and it snaps below what we 0:17:06.040 --> 0:17:08.760 believe that reality to be, that's our chance to buy in. 0:17:09.560 --> 0:17:12.639 And so it gives us that opportunity. But uh, as 0:17:12.680 --> 0:17:15.639 I talk about price being not that that interesting, I 0:17:15.640 --> 0:17:17.400 don't talk about that much. Here. We are talking about 0:17:17.440 --> 0:17:19.920 the price, But I want to talk more specifically about 0:17:19.920 --> 0:17:23.720 what would what would this whole global deglobalization mean that 0:17:23.760 --> 0:17:26.200 we're going through the rush of Ukraine wars exaggerating. Larry 0:17:26.200 --> 0:17:28.959 Think says it's in the globalization. The pendulum is swinging 0:17:29.000 --> 0:17:32.240 back from centralization to decentralization. Deglobalization, what does it mean 0:17:32.520 --> 0:17:34.600 for bitcoin? And more specifically, what does it mean for 0:17:34.720 --> 0:17:39.640 bitcoin's price? Um As things have glows as we've moved 0:17:39.680 --> 0:17:42.840 towards globalization, people have enjoyed lower costs right from the 0:17:42.880 --> 0:17:47.840 expansion of free trade, um offshoring labor, having products made overseas. 0:17:47.920 --> 0:17:50.720 And as that unwinds, what happens to bitcoin, what happens 0:17:50.720 --> 0:17:53.840 to bitcoin's price. I'm going to talk about that and more. 0:17:53.920 --> 0:17:56.040 You're listen to the Mark Moa Show talking about of 0:17:56.080 --> 0:17:59.679 course bitcoin, cryptocurrencies and the decentralized during this point, the 0:17:59.800 --> 0:18:05.320 d globalized world that we're moving into. Super fascinating to 0:18:05.400 --> 0:18:07.800 be to be living through this right now. That's the 0:18:07.840 --> 0:18:10.479 point where literally history books will be written. And if 0:18:10.520 --> 0:18:13.240 you navigate this correctly, it could be the biggest opportunity 0:18:13.320 --> 0:18:14.840 of your life, which I think it is. I think 0:18:14.840 --> 0:18:17.560 it's the greatest risk adjusted opportunity we've ever seen. But 0:18:17.640 --> 0:18:20.320 you have to understand what you're seeing and that's what 0:18:20.359 --> 0:18:22.520 I'm here to say to tell you, So don't go away. 0:18:22.520 --> 0:18:25.000 I'm gonna be right back with more. All right, welcome back. 0:18:25.000 --> 0:18:29.840 You're listening to the Mark Moa Show. We're talking about bitcoin, cryptocurrencies, 0:18:29.960 --> 0:18:32.359 the decentralized revolution. Of course, we talked about each and 0:18:32.400 --> 0:18:35.119 every week. Um, we talked about each every week because 0:18:35.119 --> 0:18:37.960 it's the biggest thing happening in the world. The world's 0:18:38.000 --> 0:18:41.560 changing as we speak, and it's going to be It's 0:18:41.600 --> 0:18:43.480 not gonna be good for most people that aren't paying attention, 0:18:43.520 --> 0:18:45.320 but it could be the biggest opportunity of your life 0:18:45.320 --> 0:18:47.320 if you navigate it correctly. And of course that's what 0:18:47.400 --> 0:18:50.800 I want for you. That's what it is, has already 0:18:50.840 --> 0:18:53.399 been for me, and and it will continue to be 0:18:53.440 --> 0:18:54.720 and I want you to be a part of that. 0:18:55.240 --> 0:18:57.440 So we're talking about the globalization. I was talking about 0:18:57.440 --> 0:18:59.680 the price of bitcoin being the least important part, but 0:19:00.760 --> 0:19:04.159 talking about globalization and what does it mean for bitcoin's 0:19:04.320 --> 0:19:07.920 price because we have all these catalysts going on in 0:19:07.960 --> 0:19:10.480 the world. We have massive inflation, and people are like, well, 0:19:10.560 --> 0:19:12.800 shouldn't this be good for bitcoin? Then why isn't the 0:19:12.840 --> 0:19:15.480 price of bitcoin going up? And people aren't able to 0:19:15.480 --> 0:19:17.200 figure that out, and then we have this deglobalization and 0:19:17.200 --> 0:19:19.760 shouldn't that be helping, right? I mean, if the dollars dying, 0:19:19.760 --> 0:19:22.840 shouldn't bitcoin be the beneficiary? So I want to talk 0:19:22.880 --> 0:19:25.280 about that. So obviously, what's setting this up I was 0:19:25.320 --> 0:19:28.199 kind of hinting to is is history tells us right 0:19:28.240 --> 0:19:32.200 on your time frame, we max out on globalization centralization 0:19:32.200 --> 0:19:34.760 and the world pushes back or the pendulum swings back 0:19:34.800 --> 0:19:39.359 to decentralization or deglobalization, and so, um, you know, if 0:19:39.400 --> 0:19:42.440 the pandemic seems like a black Swan event, or um, 0:19:42.440 --> 0:19:44.600 the rush of Ukraine war seems like a black Swan event, 0:19:44.640 --> 0:19:49.320