1 00:00:00,880 --> 00:00:03,680 Speaker 1: Hey, everyone, Welcome to another episode of The Markmas Show, 2 00:00:03,680 --> 00:00:07,480 Speaker 1: where we talk about bitcoin, we talk about cryptocurrencies, we 3 00:00:07,520 --> 00:00:11,039 Speaker 1: talk about the decentralized revolution that is happening right now 4 00:00:11,080 --> 00:00:14,880 Speaker 1: before our very eye sometimes that we're living through. And uh, 5 00:00:15,000 --> 00:00:17,520 Speaker 1: unless you're living under a rock, you know what's going on. 6 00:00:17,640 --> 00:00:20,479 Speaker 1: Obviously you're hearing about it. At least you might be 7 00:00:20,600 --> 00:00:22,759 Speaker 1: wondering what the heck is going on or you might 8 00:00:22,800 --> 00:00:24,720 Speaker 1: be wondering how you can take advantage of it. And 9 00:00:24,760 --> 00:00:26,880 Speaker 1: so that's what we're gonna cover each and every week. 10 00:00:27,440 --> 00:00:30,360 Speaker 1: I try to bring to you the information that you 11 00:00:30,440 --> 00:00:33,559 Speaker 1: need to be positioned to take advantage of it, to 12 00:00:33,720 --> 00:00:37,680 Speaker 1: prosper from it, um and just be informed. Right. So 13 00:00:37,720 --> 00:00:40,120 Speaker 1: I try to bring you the latest news, stories of 14 00:00:40,159 --> 00:00:42,240 Speaker 1: the week, the hottest news, so you know exactly what's 15 00:00:42,240 --> 00:00:44,800 Speaker 1: going on, and try to bring you some education so 16 00:00:44,840 --> 00:00:47,479 Speaker 1: you've got a deeper understanding of what's going on. And 17 00:00:47,479 --> 00:00:50,640 Speaker 1: I try to bring you some of the thought leaders 18 00:00:50,640 --> 00:00:53,920 Speaker 1: in the space to kind of expand your horizons. You know, 19 00:00:53,960 --> 00:00:56,000 Speaker 1: they say you don't know what you don't know um, 20 00:00:56,080 --> 00:00:58,920 Speaker 1: and so you need to know how do you do that? Well? 21 00:00:58,960 --> 00:01:01,240 Speaker 1: You do that by increase in your education by listening 22 00:01:01,640 --> 00:01:03,320 Speaker 1: to someone like me each and every week. And like 23 00:01:03,320 --> 00:01:04,920 Speaker 1: I said, I'll bring on my friends and help you 24 00:01:04,959 --> 00:01:07,520 Speaker 1: expand it even more. And so you know understand the news. 25 00:01:07,520 --> 00:01:09,600 Speaker 1: That's great, right, um, But but sometimes we want to 26 00:01:09,600 --> 00:01:11,600 Speaker 1: dig deeper in your education. So we'll cover all of 27 00:01:11,640 --> 00:01:13,959 Speaker 1: those things and more each and every week. So thanks 28 00:01:13,959 --> 00:01:15,800 Speaker 1: for tuning in. Make sure to set a reminder to 29 00:01:15,880 --> 00:01:17,720 Speaker 1: join me each and every week on this channel at 30 00:01:17,720 --> 00:01:21,720 Speaker 1: this time. And uh and we'll do that now. If 31 00:01:21,720 --> 00:01:23,800 Speaker 1: you miss any of these, don't don't. Don't worry. You 32 00:01:23,840 --> 00:01:25,920 Speaker 1: can catch me on the podcast. Just look it up 33 00:01:25,959 --> 00:01:29,480 Speaker 1: there Mark Moss Show on the podcast. Um. But you know, 34 00:01:29,520 --> 00:01:31,760 Speaker 1: there's a lot of stuff going on each and every week. UM, 35 00:01:31,920 --> 00:01:35,200 Speaker 1: one of which is the price of bitcoin, which in 36 00:01:35,280 --> 00:01:39,160 Speaker 1: my opinion is probably the least exciting piece of bitcoin. 37 00:01:39,440 --> 00:01:41,080 Speaker 1: But I still talk about it because it is news, 38 00:01:41,160 --> 00:01:42,520 Speaker 1: and you know, I want to keep you up to 39 00:01:42,600 --> 00:01:44,160 Speaker 1: date with what is going on, what I think is 40 00:01:44,200 --> 00:01:47,360 Speaker 1: going on anyway, with the price, and I talk about 41 00:01:47,360 --> 00:01:49,720 Speaker 1: the price many times. If you tune in each week 42 00:01:49,720 --> 00:01:51,760 Speaker 1: you hear me. Stay it. I think the price is alright. 43 00:01:51,800 --> 00:01:55,320 Speaker 1: Call bitcoin the great bait and switch. You know, the 44 00:01:55,360 --> 00:01:57,400 Speaker 1: bait is the price. You come in for the price, 45 00:01:58,040 --> 00:02:00,280 Speaker 1: but then you get switched and then you get switched 46 00:02:00,360 --> 00:02:05,920 Speaker 1: into some of the more freedom or liberty or prosperity 47 00:02:06,080 --> 00:02:10,320 Speaker 1: or equality measures of bitcoin. And so you come in 48 00:02:10,400 --> 00:02:13,880 Speaker 1: for the uh, for the shallow you know, make money thing, 49 00:02:13,919 --> 00:02:15,680 Speaker 1: and then you get switched into some of the deeper 50 00:02:15,760 --> 00:02:17,560 Speaker 1: end of the pool, so to speak. Um. So the 51 00:02:17,560 --> 00:02:20,000 Speaker 1: price is probably the least important or the least exciting 52 00:02:20,040 --> 00:02:23,160 Speaker 1: thing in my opinion, that being said, um, because it 53 00:02:23,240 --> 00:02:25,920 Speaker 1: is the bait bringing people in. Uh. This week, you know, 54 00:02:26,000 --> 00:02:28,040 Speaker 1: we we were down a little bit. You know, we 55 00:02:28,120 --> 00:02:31,240 Speaker 1: got up, uh we kind of had this uh Santa 56 00:02:31,400 --> 00:02:34,280 Speaker 1: rally as they call it, um, and we we kind 57 00:02:34,280 --> 00:02:37,480 Speaker 1: of popped up before Christmas on December twenty three, got 58 00:02:37,480 --> 00:02:41,040 Speaker 1: back over that fifty dollar range. And now we're just 59 00:02:41,040 --> 00:02:44,320 Speaker 1: sitting down just below that. And I think you know, 60 00:02:44,520 --> 00:02:47,000 Speaker 1: for a lot of people, uh, maybe you just heard 61 00:02:47,000 --> 00:02:49,720 Speaker 1: about it at Thanksgiving, uh, you know, sitting around your 62 00:02:49,720 --> 00:02:52,600 Speaker 1: Thanksgiving table or you you know, maybe you got suckered 63 00:02:52,639 --> 00:02:57,120 Speaker 1: in or not suckered and sucked in around Christmas at 64 00:02:57,120 --> 00:02:59,600 Speaker 1: the dinner day with some family something like that. Um, 65 00:03:00,000 --> 00:03:01,760 Speaker 1: And so you know, maybe you're kind of seeing it 66 00:03:01,800 --> 00:03:05,200 Speaker 1: down for the first time. It was about approximately about 67 00:03:05,200 --> 00:03:09,080 Speaker 1: ten thousand dollars higher than this um at Thanksgiving. So 68 00:03:09,080 --> 00:03:11,600 Speaker 1: if you came in around Thanksgiving, you know, you could 69 00:03:11,639 --> 00:03:16,440 Speaker 1: be sitting on you know, about a fifteen fifteen percent 70 00:03:16,560 --> 00:03:18,240 Speaker 1: loss at this point, and you might be going, what 71 00:03:18,280 --> 00:03:20,720 Speaker 1: the heck happened? What I get? What did I get into? Uh, 72 00:03:20,760 --> 00:03:23,640 Speaker 1: don't worry, don't worry, don't worry. Nothing goes up in 73 00:03:23,639 --> 00:03:25,760 Speaker 1: a straight line, and nothing goes down in a straight line. 74 00:03:26,200 --> 00:03:27,560 Speaker 1: And uh, you know, the one thing I just bring 75 00:03:27,639 --> 00:03:30,080 Speaker 1: to your attention is that if we go back in time, 76 00:03:30,120 --> 00:03:33,680 Speaker 1: you know, a year ago, we were at about twenty thousand, 77 00:03:33,760 --> 00:03:36,200 Speaker 1: so we're still you know, well over double about a 78 00:03:36,280 --> 00:03:39,200 Speaker 1: hundred up from where we were just a year ago. UM. 79 00:03:39,200 --> 00:03:40,880 Speaker 1: And the big thing is is, uh, you know, we 80 00:03:40,920 --> 00:03:42,720 Speaker 1: went all of up to sixty five thousand, and we 81 00:03:42,760 --> 00:03:46,560 Speaker 1: got down into the thirty thousand dollar range, and we consolidated, 82 00:03:46,920 --> 00:03:49,880 Speaker 1: so we kind of found support, cleared out some of 83 00:03:49,920 --> 00:03:52,080 Speaker 1: the weekends, brought in some of the stronger hands, gained 84 00:03:52,080 --> 00:03:55,480 Speaker 1: some momentum, shot back up to sixty nine thousand, and 85 00:03:55,520 --> 00:03:57,480 Speaker 1: now we're pulled back and we're kind of consolidating this 86 00:03:57,520 --> 00:04:00,040 Speaker 1: fifty so the consolidate thirty thousand and now consulited a 87 00:04:00,120 --> 00:04:03,640 Speaker 1: A fifty. It's pretty good improvement in my opinion. Um. 88 00:04:03,680 --> 00:04:07,320 Speaker 1: You know, you don't always look at uh, the highest 89 00:04:07,320 --> 00:04:09,680 Speaker 1: point in where we are from the highest point, but 90 00:04:09,840 --> 00:04:12,160 Speaker 1: rather look at it, you know, as the progress as 91 00:04:12,160 --> 00:04:15,400 Speaker 1: it continues to keep going higher and higher and higher 92 00:04:15,400 --> 00:04:17,200 Speaker 1: and higher. So that's where're at. Like I said, if 93 00:04:17,200 --> 00:04:19,320 Speaker 1: you if you got convinced to buy it around Thanksgiving, 94 00:04:19,760 --> 00:04:22,599 Speaker 1: your down about on it. Um, it's not the end 95 00:04:22,600 --> 00:04:26,479 Speaker 1: of the world, zoom out. Have some long term perspective now, Um. 96 00:04:26,520 --> 00:04:28,160 Speaker 1: Just like you know, if I use like a real 97 00:04:28,279 --> 00:04:30,960 Speaker 1: estate analogy a lot of times, you know, like don't 98 00:04:30,960 --> 00:04:32,560 Speaker 1: buy a house unless you plan to hold it for 99 00:04:32,600 --> 00:04:35,279 Speaker 1: at least five years. Um. You might have heard that before, 100 00:04:35,279 --> 00:04:37,480 Speaker 1: and that's because you have these like real estate cycles, 101 00:04:37,480 --> 00:04:38,960 Speaker 1: and that's kind of like how long it would take 102 00:04:38,960 --> 00:04:41,200 Speaker 1: to go from one cycle to the next. So you know, 103 00:04:41,320 --> 00:04:42,920 Speaker 1: even if you bought it, maybe the price goes down, 104 00:04:42,960 --> 00:04:44,280 Speaker 1: but within a few years it kind of goes back 105 00:04:44,320 --> 00:04:48,760 Speaker 1: up again. Well, bitcoin also kind of has these same cycles. Um. 106 00:04:48,800 --> 00:04:52,159 Speaker 1: I think the longest it had ever been down I 107 00:04:52,200 --> 00:04:55,520 Speaker 1: believe was um three years. So like there was like 108 00:04:55,560 --> 00:04:58,279 Speaker 1: no point in history that you would have bought more 109 00:04:58,320 --> 00:05:01,400 Speaker 1: than three years and been down. As a matter of fact, 110 00:05:01,440 --> 00:05:04,760 Speaker 1: I might write about that. So it peaked in December 111 00:05:04,800 --> 00:05:10,920 Speaker 1: seventeen and it was down to it reclaimed that November twenty. 112 00:05:11,240 --> 00:05:14,040 Speaker 1: So that's yeah, three years. Three years. So it's about 113 00:05:14,040 --> 00:05:16,120 Speaker 1: three years. Um, kind of like a real estate example 114 00:05:16,200 --> 00:05:17,880 Speaker 1: five years. So if you if you're if you're willing 115 00:05:17,920 --> 00:05:19,800 Speaker 1: to buy it and hold it for three years, Uh, 116 00:05:19,920 --> 00:05:21,840 Speaker 1: that's the longest it's ever been down in history. So 117 00:05:21,880 --> 00:05:24,160 Speaker 1: I think you should be doing pretty good with that. 118 00:05:24,520 --> 00:05:26,760 Speaker 1: And so just kind of have that long term perspective. Also, 119 00:05:27,040 --> 00:05:28,240 Speaker 1: you know, the way a lot of people that have 120 00:05:28,240 --> 00:05:29,960 Speaker 1: been in Bequinn long enough kind of look at it too, 121 00:05:30,040 --> 00:05:33,160 Speaker 1: is like it's not really an investment. It's like savings. 122 00:05:33,680 --> 00:05:36,360 Speaker 1: That's where I put my money that I can't afford 123 00:05:36,400 --> 00:05:38,159 Speaker 1: to lose a lot of times you hear don't invest 124 00:05:38,200 --> 00:05:40,000 Speaker 1: money you can't afford to lose. Well, I look at 125 00:05:40,040 --> 00:05:42,080 Speaker 1: it like, I put the money in that I can't 126 00:05:42,120 --> 00:05:44,479 Speaker 1: afford to lose. I don't want to lose my money. 127 00:05:44,480 --> 00:05:45,480 Speaker 1: I want to go ahead and put it in there 128 00:05:45,520 --> 00:05:48,599 Speaker 1: to hold that value. And um, what I really like 129 00:05:48,680 --> 00:05:52,120 Speaker 1: to look at instead of what is happening with the price, 130 00:05:52,200 --> 00:05:54,760 Speaker 1: the short term prices really look at what's going on 131 00:05:54,920 --> 00:05:56,720 Speaker 1: behind the scenes, and so we like to look at 132 00:05:56,720 --> 00:05:58,800 Speaker 1: it typically each and every week when I bring to 133 00:05:58,839 --> 00:06:01,880 Speaker 1: you the latest news that happened in that week, because 134 00:06:01,880 --> 00:06:03,320 Speaker 1: the news headlines of the weekend, I talked to you 135 00:06:03,360 --> 00:06:07,480 Speaker 1: about two things really. One is the growth of the network. 136 00:06:07,560 --> 00:06:11,080 Speaker 1: How is the network growing and what is the development 137 00:06:11,240 --> 00:06:13,200 Speaker 1: on the network, And so those are the two things 138 00:06:13,200 --> 00:06:15,760 Speaker 1: that are going to drive the price eventually. And one 139 00:06:15,800 --> 00:06:18,280 Speaker 1: thing that that that I've been looking at this week 140 00:06:18,320 --> 00:06:21,960 Speaker 1: a big story is that the amount of bitcoin and 141 00:06:22,000 --> 00:06:25,919 Speaker 1: where it's being held or being stored. And so um 142 00:06:25,960 --> 00:06:28,159 Speaker 1: I did uh I did a segment about how to 143 00:06:28,320 --> 00:06:31,200 Speaker 1: secure your bitcoin. I talked about my buddy who lost 144 00:06:31,240 --> 00:06:33,200 Speaker 1: a million dollars a bitcoin on the on the coin 145 00:06:33,240 --> 00:06:35,560 Speaker 1: based exchange, and I gave you tips of how you 146 00:06:35,560 --> 00:06:38,280 Speaker 1: can secure that better. If you miss that that episode, 147 00:06:38,320 --> 00:06:40,880 Speaker 1: go back and check it out on the podcast. Um. 148 00:06:40,920 --> 00:06:43,800 Speaker 1: But you know, the two options that you have would 149 00:06:43,800 --> 00:06:47,159 Speaker 1: be one keeping it on the exchange kind of keeping 150 00:06:47,200 --> 00:06:49,000 Speaker 1: your money in the bank like keeping your gold in 151 00:06:49,040 --> 00:06:50,920 Speaker 1: the bank. Or two I can keep it myself. I 152 00:06:50,920 --> 00:06:52,920 Speaker 1: can custate it myself, kind of like keeping your gold 153 00:06:53,040 --> 00:06:56,000 Speaker 1: on your own. And we look at the amount of 154 00:06:56,200 --> 00:06:59,080 Speaker 1: bitcoin that's either held personally or held on the exchange. 155 00:06:59,080 --> 00:07:00,440 Speaker 1: And the reason why that's kind of a important is 156 00:07:00,440 --> 00:07:02,880 Speaker 1: that you would imagine that if bitcoin is being held 157 00:07:02,880 --> 00:07:06,359 Speaker 1: on exchange, then it's more likely to be sold or 158 00:07:06,400 --> 00:07:08,640 Speaker 1: traded for something else. But if it's already there, it's 159 00:07:08,640 --> 00:07:10,800 Speaker 1: easy for me to just cash it in, transfer to 160 00:07:10,840 --> 00:07:14,240 Speaker 1: stable coin, transferred to another cryptocurrency, etcetera. But if I 161 00:07:14,360 --> 00:07:17,800 Speaker 1: have it in cold storage, meaning off of exchanges, off 162 00:07:17,840 --> 00:07:20,480 Speaker 1: of you know, not acts to the internet, then I'm 163 00:07:20,680 --> 00:07:23,080 Speaker 1: less likely to want to sell it or trade it 164 00:07:23,160 --> 00:07:24,800 Speaker 1: or exchange it or whatever. And so that's that's an 165 00:07:24,800 --> 00:07:27,760 Speaker 1: important metrics to look at. And what we can see 166 00:07:27,960 --> 00:07:31,760 Speaker 1: is that, um, we have we have just met the 167 00:07:31,920 --> 00:07:39,200 Speaker 1: lowest point of bitcoin held on exchanges in history. As 168 00:07:39,200 --> 00:07:42,679 Speaker 1: a matter of fact, one just one point three million 169 00:07:42,760 --> 00:07:49,640 Speaker 1: bitcoin are left circulating on crypto exchanges. That's six point 170 00:07:49,680 --> 00:07:54,680 Speaker 1: three percent of the total bitcoin supply is left on exchange. 171 00:07:54,680 --> 00:07:57,280 Speaker 1: While it's only six that's small. Of course, we can 172 00:07:57,320 --> 00:08:01,720 Speaker 1: see that because bitcoin is an open network, so it's open, meaning, um, 173 00:08:01,840 --> 00:08:04,800 Speaker 1: we can see it it's it's not it's not private, 174 00:08:05,040 --> 00:08:07,800 Speaker 1: it's open, but it's anonymous, so we don't know who, 175 00:08:07,880 --> 00:08:09,560 Speaker 1: you know, belongs to all those addresses, but we can 176 00:08:09,560 --> 00:08:12,200 Speaker 1: see which ones are held by exchanges, and so only 177 00:08:12,320 --> 00:08:16,119 Speaker 1: six point three percent are left on those. So it's drying. 178 00:08:16,200 --> 00:08:19,600 Speaker 1: It's drying up right, it's drying up um And basically 179 00:08:19,640 --> 00:08:21,160 Speaker 1: what that tells us is that a lot of that 180 00:08:21,320 --> 00:08:24,800 Speaker 1: is probably not going to be sold anytime soon. We 181 00:08:24,800 --> 00:08:28,840 Speaker 1: can see that it's been trending down over the past year. UM. 182 00:08:28,880 --> 00:08:32,600 Speaker 1: It was last year, last October was nine point five percent, 183 00:08:33,160 --> 00:08:37,920 Speaker 1: by Christmas down to seven percent, and now it's all 184 00:08:37,960 --> 00:08:41,319 Speaker 1: the way down to six point three and that is bullish. 185 00:08:41,559 --> 00:08:43,520 Speaker 1: That's bullish. What what do I mean bub bullish? That 186 00:08:43,559 --> 00:08:46,520 Speaker 1: means that's where that's that's a good sign because, like 187 00:08:46,520 --> 00:08:48,720 Speaker 1: I said, it's showing that people are holding it and 188 00:08:48,760 --> 00:08:52,400 Speaker 1: they're not planning on selling it um. As a matter 189 00:08:52,440 --> 00:08:54,240 Speaker 1: of fact, we can see the seven day moving average 190 00:08:54,240 --> 00:08:57,720 Speaker 1: for bitcoins exchange inflow, meaning the amount of bitcoin that's 191 00:08:57,760 --> 00:09:00,080 Speaker 1: being purchased and moved onto exchanges has reached us a 192 00:09:00,160 --> 00:09:04,480 Speaker 1: five months low and it's continuing to trend down as well. 193 00:09:04,840 --> 00:09:06,800 Speaker 1: And so what we're just seeing is these retail investors 194 00:09:06,800 --> 00:09:09,840 Speaker 1: are are holding it ill liquid, right, they don't plan 195 00:09:09,920 --> 00:09:12,199 Speaker 1: on selling it, and that is bullis should listen to 196 00:09:12,240 --> 00:09:13,640 Speaker 1: the Mark Will show. We're talking about bitcoin and the 197 00:09:13,679 --> 00:09:17,559 Speaker 1: decentralized revolution. We're talking about bitcoin and where it's going. 198 00:09:17,880 --> 00:09:20,320 Speaker 1: I want to talk more about what's happening with the miners, 199 00:09:20,360 --> 00:09:22,679 Speaker 1: the bitcoin miners. Uh, it's big. You don't want to 200 00:09:22,679 --> 00:09:25,400 Speaker 1: miss it. Don't go away, all right, welcome back. You're 201 00:09:25,400 --> 00:09:27,800 Speaker 1: listening to the Mark Moa show. We're talking about bitcoin. 202 00:09:28,200 --> 00:09:31,040 Speaker 1: We're talking about cryptocurrencies, and we are talking about the 203 00:09:31,080 --> 00:09:35,960 Speaker 1: decentralized revolution that's happening, and we're talking about um, you know, 204 00:09:36,600 --> 00:09:38,720 Speaker 1: the price of bitcoin not being that exciting. And so 205 00:09:38,760 --> 00:09:40,040 Speaker 1: what we want to do is we want to look 206 00:09:40,040 --> 00:09:44,080 Speaker 1: at the underlying things that are happening around bitcoin. So 207 00:09:44,320 --> 00:09:46,720 Speaker 1: that tells us these are like leading indicators to tell 208 00:09:46,800 --> 00:09:49,440 Speaker 1: us where we think the price of bitcoin will be going, 209 00:09:50,200 --> 00:09:51,599 Speaker 1: all right, and so that's what we want to be 210 00:09:51,800 --> 00:09:53,800 Speaker 1: trying to kind of project protecting the future. I was 211 00:09:53,840 --> 00:09:56,199 Speaker 1: just saying that we can see the data. Bitcoin is 212 00:09:56,200 --> 00:09:58,600 Speaker 1: an open network and we can see kind of what 213 00:09:58,679 --> 00:10:00,800 Speaker 1: wallets are holding what and so forth, and we can 214 00:10:00,840 --> 00:10:03,800 Speaker 1: see that the amount of bitcoin being held on exchanges 215 00:10:04,280 --> 00:10:08,160 Speaker 1: is trending down down, down, down down, and we're actually 216 00:10:08,200 --> 00:10:11,959 Speaker 1: at the lowest point UM. But we've been lessons about 217 00:10:11,960 --> 00:10:15,160 Speaker 1: six percent of all bitcoin owned is actually held on 218 00:10:15,280 --> 00:10:19,640 Speaker 1: the exchange. UM. There's an old simple uh investment added 219 00:10:19,720 --> 00:10:24,319 Speaker 1: to out of saying that markets stopped going up when 220 00:10:24,360 --> 00:10:28,200 Speaker 1: there's no more buyers, and markets stopped going down when 221 00:10:28,200 --> 00:10:31,640 Speaker 1: there's no more sellers. And so if the bitcoin isn't 222 00:10:31,720 --> 00:10:35,199 Speaker 1: on an exchange, then it's not looking likely to be sold, 223 00:10:35,559 --> 00:10:38,199 Speaker 1: and if there's no more sellers, the price can't go 224 00:10:38,360 --> 00:10:41,360 Speaker 1: down anymore. That makes sense, and so that's why it's 225 00:10:41,400 --> 00:10:43,400 Speaker 1: the bullish news. It's the bullish news. Now, some other 226 00:10:43,440 --> 00:10:45,480 Speaker 1: news that I think is extremely bullish as well is 227 00:10:45,480 --> 00:10:48,000 Speaker 1: that we can see that the bitcoin hash rate nears 228 00:10:48,040 --> 00:10:53,800 Speaker 1: a record of two hundred equa hash um, which is amazing. 229 00:10:53,880 --> 00:10:56,400 Speaker 1: So what does that mean, Well, the bitcoin network is 230 00:10:56,480 --> 00:10:59,080 Speaker 1: protected by the miners, as Michael Saylor calls it, a 231 00:10:59,200 --> 00:11:03,439 Speaker 1: wall of a cryptic energy, because you have all these computers, 232 00:11:03,440 --> 00:11:07,160 Speaker 1: all these miners who have bought this you know, highly 233 00:11:07,200 --> 00:11:10,840 Speaker 1: specialized computer. UM. A couple of years ago, there about 234 00:11:10,840 --> 00:11:12,640 Speaker 1: three thousand bucks today these things are seven thousand and 235 00:11:12,679 --> 00:11:14,800 Speaker 1: eight thousand, ten thousand dollars for a computer, and then 236 00:11:14,800 --> 00:11:17,240 Speaker 1: they're spending you know, depends on the machine and where 237 00:11:17,280 --> 00:11:19,000 Speaker 1: they're buying their power from, but they could be spending 238 00:11:19,000 --> 00:11:22,400 Speaker 1: a couple hundred dollars a month on electricity, and so 239 00:11:22,600 --> 00:11:27,600 Speaker 1: UM they the the amount of UH computer power that 240 00:11:27,720 --> 00:11:31,080 Speaker 1: they used to help secure the network is hash. It's 241 00:11:31,160 --> 00:11:35,800 Speaker 1: hash rate. And in May of we saw China UM 242 00:11:35,840 --> 00:11:37,680 Speaker 1: that had its kind of a monopoly on the amount 243 00:11:37,720 --> 00:11:40,320 Speaker 1: of miners that were in in their jurisdiction in China 244 00:11:41,040 --> 00:11:44,480 Speaker 1: over the network. They shut it down overnight and just 245 00:11:44,559 --> 00:11:46,920 Speaker 1: kicked it off and all those miners had to move. 246 00:11:47,000 --> 00:11:49,400 Speaker 1: Most of them moved over to UH Texas, some of 247 00:11:49,440 --> 00:11:53,320 Speaker 1: them moved over to Europe, etcetera. And so the hash rate, 248 00:11:53,360 --> 00:11:56,920 Speaker 1: the amount of power computer power that was being used 249 00:11:56,960 --> 00:11:59,440 Speaker 1: to secure the network, took a massive dip, right obviously 250 00:11:59,480 --> 00:12:01,400 Speaker 1: makes sense when you cut off half of the network, 251 00:12:01,920 --> 00:12:05,560 Speaker 1: UH makes sense, right, But as of December twenty the 252 00:12:05,559 --> 00:12:10,440 Speaker 1: Bitcoin network network hash rate is the highest it's ever been. 253 00:12:10,840 --> 00:12:12,959 Speaker 1: And so what's good about that is it's it's a resilience. 254 00:12:12,960 --> 00:12:15,880 Speaker 1: So whenever you see the asset price UM a lot 255 00:12:15,880 --> 00:12:17,800 Speaker 1: of times people say, oh, bitcoin is like the tulip, 256 00:12:17,920 --> 00:12:21,439 Speaker 1: like a tulipmania. Right, Well, when the tulip bulb, when 257 00:12:21,440 --> 00:12:27,040 Speaker 1: the tulipmania crashed, it never came back. When Bitcoin has 258 00:12:27,080 --> 00:12:29,200 Speaker 1: crashed over and over and over again, and it comes 259 00:12:29,200 --> 00:12:31,680 Speaker 1: back bigger, it comes back bigger, and it comes back bigger. 260 00:12:31,960 --> 00:12:34,599 Speaker 1: That's not the same as a tulip mania, not the 261 00:12:34,640 --> 00:12:37,800 Speaker 1: same as a beanie beanie babies, right, Like, Uh, we're 262 00:12:37,840 --> 00:12:42,160 Speaker 1: talking about the most encrypted, the most secure computer network 263 00:12:42,160 --> 00:12:44,960 Speaker 1: in the history of the world. And whenever it's crashed, 264 00:12:44,960 --> 00:12:46,800 Speaker 1: it's come back stronger and stronger and so and to 265 00:12:46,880 --> 00:12:50,040 Speaker 1: this point, the hash power the amount of people that 266 00:12:50,080 --> 00:12:53,280 Speaker 1: are willing to sink massive amounts of money, like I said, 267 00:12:53,320 --> 00:12:56,640 Speaker 1: it constantly upwards of ten dollars per computer and a 268 00:12:56,640 --> 00:13:00,240 Speaker 1: few hundred dollars a month to run that thing. And um, 269 00:13:00,280 --> 00:13:02,360 Speaker 1: if the network was dying, people wouldn't be dumping in 270 00:13:02,440 --> 00:13:05,319 Speaker 1: billions of dollars to buy new computers and to build 271 00:13:05,400 --> 00:13:07,600 Speaker 1: new facilities to run these things. But yet here we are. 272 00:13:08,320 --> 00:13:11,160 Speaker 1: It not only recovered, it recovered and went back to 273 00:13:11,440 --> 00:13:13,840 Speaker 1: it's the highest point's ever been, which is which is 274 00:13:13,880 --> 00:13:17,400 Speaker 1: pretty amazing. Um, just like I said, shows the resiliency. Now, 275 00:13:17,440 --> 00:13:20,120 Speaker 1: if all of these people who are much smarter than 276 00:13:20,160 --> 00:13:23,559 Speaker 1: you and I are putting hundreds of billions of dollars 277 00:13:23,600 --> 00:13:27,320 Speaker 1: into this what we call capex investment capital, are investing 278 00:13:27,360 --> 00:13:31,000 Speaker 1: into their long term business. These smarter people are investing 279 00:13:31,080 --> 00:13:33,360 Speaker 1: hundreds of billions of dollars into this long term strategy 280 00:13:33,360 --> 00:13:37,320 Speaker 1: with bitcoin. That's very bullish, right. But what's also pretty 281 00:13:37,320 --> 00:13:39,959 Speaker 1: bullish about this is there's been a big shift in 282 00:13:40,000 --> 00:13:44,120 Speaker 1: the market. That's pretty cool. Now. Remember markets stop going 283 00:13:44,280 --> 00:13:48,199 Speaker 1: down when there's no more sellers, right. Supply and demand 284 00:13:48,320 --> 00:13:52,319 Speaker 1: drives the price of everything. So if there's more supply, 285 00:13:52,960 --> 00:13:55,320 Speaker 1: then there is demand, there's more sellers than there are buyers, 286 00:13:55,679 --> 00:13:59,000 Speaker 1: the price goes down. Simple. The opposite is true. If 287 00:13:59,040 --> 00:14:02,160 Speaker 1: there's more people buy buying, more buyers than there are sellers, 288 00:14:02,200 --> 00:14:05,400 Speaker 1: the price goes up. Right, It's simple. So we want 289 00:14:05,400 --> 00:14:08,200 Speaker 1: to look at the that that equation. Now, in the past, 290 00:14:08,679 --> 00:14:12,240 Speaker 1: we saw bitcoin miners that are producing the bitcoin. We're 291 00:14:12,240 --> 00:14:15,200 Speaker 1: always selling the bitcoin. They need to sell the bitcoin 292 00:14:15,200 --> 00:14:16,920 Speaker 1: because they need to pay off their equipment. They have 293 00:14:16,960 --> 00:14:19,720 Speaker 1: to pay for their their their warehouse, their facility, they 294 00:14:19,760 --> 00:14:21,840 Speaker 1: have to pay for the electricity, the three uousine they 295 00:14:21,920 --> 00:14:24,560 Speaker 1: will have to pay the employees and the business owners 296 00:14:24,560 --> 00:14:26,520 Speaker 1: and all those things, right, And so as they were 297 00:14:26,520 --> 00:14:28,720 Speaker 1: making that bitcoin, they were selling it. But what we've 298 00:14:28,720 --> 00:14:31,960 Speaker 1: seen is a big shift in the market. And I 299 00:14:31,960 --> 00:14:34,960 Speaker 1: talked about this a few weeks ago. We saw, um, 300 00:14:35,000 --> 00:14:38,400 Speaker 1: these these these bitcoin mining companies that they've all now 301 00:14:38,480 --> 00:14:41,200 Speaker 1: come to the US and they're all going public and 302 00:14:41,240 --> 00:14:45,560 Speaker 1: now they're raising money via public markets. And why that's 303 00:14:45,640 --> 00:14:50,360 Speaker 1: important is because it's changed the makeup of this minor. 304 00:14:50,960 --> 00:14:53,320 Speaker 1: And now because they've went and raised all of this 305 00:14:53,600 --> 00:14:59,320 Speaker 1: money at almost free value, zero zero interest rate terms, 306 00:14:59,360 --> 00:15:03,240 Speaker 1: almost um, they're not forced to sell the bitcoin anymore. 307 00:15:03,800 --> 00:15:06,680 Speaker 1: So we had a market where every all the bitcoin mind, 308 00:15:06,800 --> 00:15:08,600 Speaker 1: or a good majority of all the bitcoin mind every 309 00:15:08,680 --> 00:15:11,440 Speaker 1: day was being sold into the market, and there was 310 00:15:11,520 --> 00:15:14,480 Speaker 1: enough buyers to buy it, you know. But what if 311 00:15:14,520 --> 00:15:18,080 Speaker 1: we take that new supply away and the miners aren't 312 00:15:18,080 --> 00:15:19,560 Speaker 1: selling it. So that's what we're exactly seeing. So we 313 00:15:19,560 --> 00:15:22,960 Speaker 1: see here figures from on chain analytics firm glass Node 314 00:15:23,000 --> 00:15:27,600 Speaker 1: confirms the trend that the amount of bitcoin supply going 315 00:15:28,120 --> 00:15:32,200 Speaker 1: from a liquid to an illiquid state is now one 316 00:15:32,400 --> 00:15:38,280 Speaker 1: hundred thousand bitcoin per month. Dang that's a lot so 317 00:15:38,440 --> 00:15:40,480 Speaker 1: and and it's and as a trend. So what they're 318 00:15:40,520 --> 00:15:43,200 Speaker 1: doing is, um, all these miners went and got this money, 319 00:15:43,320 --> 00:15:45,640 Speaker 1: they're not they don't need to sell the bitcoin anymore. 320 00:15:46,360 --> 00:15:47,760 Speaker 1: They don't need to sell it, and so they're not, 321 00:15:48,560 --> 00:15:50,960 Speaker 1: uh now they're putting it away. It's moving from a 322 00:15:51,000 --> 00:15:54,240 Speaker 1: liquid to an illiquid state. What does that mean? So? 323 00:15:54,400 --> 00:15:57,800 Speaker 1: Ill liquid coins are those coins that have been sent 324 00:15:57,880 --> 00:16:03,520 Speaker 1: to an address with little history of spending and generally 325 00:16:03,640 --> 00:16:08,040 Speaker 1: associated with investor accumulation and bowl market buyers. And so 326 00:16:08,280 --> 00:16:10,040 Speaker 1: using glass Note is one of the companies that you 327 00:16:10,040 --> 00:16:12,640 Speaker 1: can see all of this on chain data. And what 328 00:16:12,720 --> 00:16:14,440 Speaker 1: we can see is we can see, like I said, 329 00:16:14,440 --> 00:16:17,160 Speaker 1: it's it's open. It's anonymous. We don't know who owns 330 00:16:17,160 --> 00:16:19,640 Speaker 1: these wallets, but it is open. We can see um 331 00:16:19,680 --> 00:16:22,600 Speaker 1: all the different wallets, how many coins they hold, and 332 00:16:22,640 --> 00:16:25,320 Speaker 1: we can also see how often coins are going in 333 00:16:25,400 --> 00:16:27,920 Speaker 1: and out of those wallets as well. And so what 334 00:16:27,920 --> 00:16:31,000 Speaker 1: we're seeing here is that what they're calling liquid coins 335 00:16:31,000 --> 00:16:33,200 Speaker 1: are sent to an address with little history of spending. 336 00:16:33,480 --> 00:16:35,800 Speaker 1: So they can lookally wallets and go, dang, they've been 337 00:16:35,800 --> 00:16:38,560 Speaker 1: receiving all this bitcoin, but they never spend it. All 338 00:16:38,600 --> 00:16:41,400 Speaker 1: they do is they they hold, they hold, they hold, 339 00:16:41,400 --> 00:16:44,800 Speaker 1: they hold, And so we would just naturally assume that 340 00:16:45,080 --> 00:16:48,400 Speaker 1: whoever owns those wallets against anonymous, but whoever owns those 341 00:16:49,160 --> 00:16:52,280 Speaker 1: is accumulating bitcoin. They're not like us, They're not a trader. 342 00:16:52,560 --> 00:16:54,520 Speaker 1: They're not you know, they're not trying to buy and 343 00:16:54,600 --> 00:16:57,560 Speaker 1: just sell real quickly because all they're accumulating them. And 344 00:16:57,600 --> 00:16:59,680 Speaker 1: so basically once they take them, it's almost like those 345 00:16:59,720 --> 00:17:02,560 Speaker 1: coins there's going into a black box, a black hole, 346 00:17:02,960 --> 00:17:07,879 Speaker 1: never to see the light of day again and again. 347 00:17:08,119 --> 00:17:09,720 Speaker 1: Markets stop going down to the number sellers. And so 348 00:17:09,760 --> 00:17:14,160 Speaker 1: they're taking a hundred thousand bitcoin per month off the market, 349 00:17:14,200 --> 00:17:17,120 Speaker 1: which is pretty amazing, I think. And so you take 350 00:17:17,160 --> 00:17:20,440 Speaker 1: into account that, um the majority of bitcoin is being 351 00:17:20,480 --> 00:17:23,520 Speaker 1: taken off the off the exchanges. Remember only six percent 352 00:17:23,560 --> 00:17:26,320 Speaker 1: of all bitcoin supply is sitting on exchanges. And then 353 00:17:26,440 --> 00:17:30,199 Speaker 1: you have the bitcoin miners taking a hundred thousand bitcoin 354 00:17:30,240 --> 00:17:32,320 Speaker 1: a month off the market and moving into an liquid state. 355 00:17:32,920 --> 00:17:36,280 Speaker 1: That sounds like a leading indicator that tells me in 356 00:17:36,320 --> 00:17:39,520 Speaker 1: the future bitcoins should continue to go higher because there's 357 00:17:39,680 --> 00:17:46,040 Speaker 1: less people selling. Makes sense. Now, there's two very very 358 00:17:46,240 --> 00:17:49,600 Speaker 1: very very rich people, billionaires that have some advice for 359 00:17:49,680 --> 00:17:52,560 Speaker 1: us on what we should be looking at next. Um 360 00:17:52,600 --> 00:17:54,639 Speaker 1: I like to look at the other smart people to 361 00:17:54,680 --> 00:17:55,960 Speaker 1: see what they're doing. I want to tell you what 362 00:17:56,000 --> 00:17:57,879 Speaker 1: these rich people are doing so you can do the 363 00:17:57,920 --> 00:18:00,280 Speaker 1: same thing as them. You listen to the Mark Show. 364 00:18:00,280 --> 00:18:04,240 Speaker 1: We're talking about bitcoin and cryptocurrencies and the decentralized revolution 365 00:18:04,280 --> 00:18:06,360 Speaker 1: that's happening. We're gonna find out what the richest people 366 00:18:06,400 --> 00:18:08,119 Speaker 1: in the world are doing next. So don't go away, 367 00:18:08,640 --> 00:18:10,720 Speaker 1: all right, welcome back. You are listening to the Mark 368 00:18:10,800 --> 00:18:15,879 Speaker 1: ma Show, and we're talking about bitcoin, Bitcoin, cryptocurrencies, the 369 00:18:15,920 --> 00:18:19,160 Speaker 1: decentralized revolution. We're talking about this each and every week, 370 00:18:19,200 --> 00:18:20,840 Speaker 1: so I hope that you're tuning in with me all 371 00:18:20,880 --> 00:18:24,080 Speaker 1: the time. Try to make it the most important, the 372 00:18:24,080 --> 00:18:27,360 Speaker 1: most profitable part of your week, bringing you the latest 373 00:18:27,440 --> 00:18:29,679 Speaker 1: news of the week and the weekend, to keep you 374 00:18:29,800 --> 00:18:31,840 Speaker 1: up to date on the latest breaking news. And of 375 00:18:31,880 --> 00:18:34,639 Speaker 1: course I'm not gonna explain it to you. To give you, uh, 376 00:18:34,840 --> 00:18:37,679 Speaker 1: give you the perspective on it that you need. We 377 00:18:37,800 --> 00:18:42,159 Speaker 1: deep dive into education because you need to have the 378 00:18:42,240 --> 00:18:44,320 Speaker 1: understanding of what's really going on behind the scenes. And 379 00:18:44,320 --> 00:18:46,440 Speaker 1: of course I bring to you some of the best 380 00:18:46,520 --> 00:18:48,760 Speaker 1: and brightest people in the space to you each and 381 00:18:48,760 --> 00:18:50,520 Speaker 1: every week so we can pick their brains and we 382 00:18:50,560 --> 00:18:53,760 Speaker 1: can learn from them. But today we're talking about right now, 383 00:18:53,760 --> 00:18:56,280 Speaker 1: we're talking about some of the hottest news stories of 384 00:18:56,320 --> 00:18:58,159 Speaker 1: the week, so you can be up to date. And 385 00:18:58,200 --> 00:19:02,560 Speaker 1: we were talking about how um simply markets stopped going 386 00:19:02,560 --> 00:19:05,080 Speaker 1: down when there's no more sellers, and so we're looking 387 00:19:05,119 --> 00:19:07,240 Speaker 1: at the amount of buyers and sellers and trying to 388 00:19:07,359 --> 00:19:10,720 Speaker 1: understand what that dynamic is, that's supply demand dynamic is 389 00:19:11,320 --> 00:19:14,359 Speaker 1: and um I was explaining how UM almost we've been 390 00:19:14,400 --> 00:19:17,160 Speaker 1: seeing this trend of all the bitcoin is coming off 391 00:19:17,200 --> 00:19:19,760 Speaker 1: of exchange is being held in private wallts. And the 392 00:19:19,760 --> 00:19:21,520 Speaker 1: reason why that's important is because when you pull it 393 00:19:21,560 --> 00:19:26,000 Speaker 1: off into exchange, it's not liquid anymore, meaning um, you're 394 00:19:26,040 --> 00:19:28,360 Speaker 1: probably not planning on selling it anytime soon. If you're 395 00:19:28,359 --> 00:19:30,199 Speaker 1: planning on selling it sometimes soon, it would be on 396 00:19:30,320 --> 00:19:32,919 Speaker 1: the exchange UM. And so that's super bullish, right, we're 397 00:19:32,920 --> 00:19:34,520 Speaker 1: seeing all that come off. The other thing that's super 398 00:19:34,520 --> 00:19:36,919 Speaker 1: bullish we talked about is that the miners are not 399 00:19:37,040 --> 00:19:39,200 Speaker 1: selling their bitcoin. As a matter of fact, now they're 400 00:19:39,200 --> 00:19:41,800 Speaker 1: taking a hundred thousand bitcoin a month off of the 401 00:19:41,840 --> 00:19:45,400 Speaker 1: market so again sucking the supply out. As long as 402 00:19:45,400 --> 00:19:48,040 Speaker 1: the demand stays the same, but the supply goes down, 403 00:19:48,080 --> 00:19:53,000 Speaker 1: the price will go up. Um, And some of these billionaires, 404 00:19:53,040 --> 00:19:56,640 Speaker 1: they keep trying to move on and even harder. Now 405 00:19:57,480 --> 00:20:00,000 Speaker 1: bitcoin has a you know, one of the most unique 406 00:20:00,359 --> 00:20:04,120 Speaker 1: characteristics of bitcoin is that as a fixed supply cap, 407 00:20:04,160 --> 00:20:07,040 Speaker 1: meaning there will never be more than twenty one million 408 00:20:07,080 --> 00:20:11,080 Speaker 1: bitcoin period. That's it. Now, Um, a lot of bitcoin 409 00:20:11,119 --> 00:20:15,960 Speaker 1: has been lost, and so there's even less bitcoin in circulation, 410 00:20:16,160 --> 00:20:19,320 Speaker 1: but we don't know exactly what that is. And some estimates, 411 00:20:19,400 --> 00:20:21,600 Speaker 1: some people say there won't ever be more than seventeen 412 00:20:21,720 --> 00:20:25,960 Speaker 1: or eighteen million in actual circulation, and probably over time 413 00:20:26,040 --> 00:20:28,680 Speaker 1: that amount will just continues to go down because people 414 00:20:28,720 --> 00:20:31,560 Speaker 1: continue to lose access to their private keys. I talked 415 00:20:31,560 --> 00:20:33,320 Speaker 1: about this in a previous segment. It's like in the 416 00:20:33,359 --> 00:20:35,159 Speaker 1: old days, you had gold, and you went and buried 417 00:20:35,160 --> 00:20:36,960 Speaker 1: the gold in your backyard or somewhere, and then you 418 00:20:36,960 --> 00:20:39,199 Speaker 1: made a treasure map to that gold, and if you 419 00:20:39,320 --> 00:20:42,080 Speaker 1: lost your treasure map, that gold may be stuck in 420 00:20:42,119 --> 00:20:44,359 Speaker 1: the ground forever, right, And so bitcoin is kind of 421 00:20:44,400 --> 00:20:46,960 Speaker 1: the same way. If you mind some bitcoin and you 422 00:20:46,960 --> 00:20:49,520 Speaker 1: you secured it, but then you lost your private key, 423 00:20:49,520 --> 00:20:53,040 Speaker 1: it may stay stuck there forever and so um. You know, 424 00:20:53,240 --> 00:20:55,800 Speaker 1: estimates are again. You know, maybe there's seventeen eighteen million 425 00:20:55,800 --> 00:20:58,639 Speaker 1: in circulation. That amount probably goes down over time, but 426 00:20:58,760 --> 00:21:00,840 Speaker 1: ultimately there's never more than twenty million. Now, let's just 427 00:21:00,880 --> 00:21:03,199 Speaker 1: take the twenty one million number UM as it is, 428 00:21:03,640 --> 00:21:05,639 Speaker 1: and then if we do some simple math, we can 429 00:21:05,680 --> 00:21:10,240 Speaker 1: see that there's approximately fifty million millionaires in the world. 430 00:21:10,359 --> 00:21:15,880 Speaker 1: Fifty million, so UM one million coins fifty one million millionaires. 431 00:21:16,359 --> 00:21:20,240 Speaker 1: There's not even enough bitcoin for all the millionaires in 432 00:21:20,280 --> 00:21:24,840 Speaker 1: the world to own half of one. That's pretty dank scarce. 433 00:21:25,560 --> 00:21:28,600 Speaker 1: All the millionaires can't even own half of one. Well, 434 00:21:29,240 --> 00:21:32,000 Speaker 1: I own more than one, and someone else owns more 435 00:21:32,040 --> 00:21:35,520 Speaker 1: than one. We saw this week micro Strategy. Michael Sailor, 436 00:21:35,600 --> 00:21:37,919 Speaker 1: the CEO of micro Strategy, one of the longest running 437 00:21:37,960 --> 00:21:42,080 Speaker 1: CEOs of a public traded company in the tech space. UM. 438 00:21:42,080 --> 00:21:44,119 Speaker 1: He's a CEO of a company called micro Strategy, and 439 00:21:44,200 --> 00:21:47,320 Speaker 1: they have been taking massive amounts of bitcoin off of 440 00:21:47,359 --> 00:21:49,920 Speaker 1: the market. As a matter of fact, they just acquired 441 00:21:49,960 --> 00:21:55,000 Speaker 1: an additional one thousand, nine hundred and fourteen bitcoin, an 442 00:21:55,000 --> 00:21:59,880 Speaker 1: additional UM. I think this brings them up to rough 443 00:22:00,160 --> 00:22:03,159 Speaker 1: in the hundred and twenty five thousand range or hundred 444 00:22:03,119 --> 00:22:07,680 Speaker 1: and forty thousand range. I can't even keep track anymore. Um, 445 00:22:07,720 --> 00:22:11,720 Speaker 1: but yeah, another one thousand, nine fourteen. Now I was 446 00:22:11,760 --> 00:22:13,800 Speaker 1: saying that there's not even enough bitcoin for all the 447 00:22:14,040 --> 00:22:16,800 Speaker 1: millionaires in the world to even own half of one. 448 00:22:17,440 --> 00:22:18,960 Speaker 1: And so even if you just called it a half 449 00:22:19,000 --> 00:22:22,879 Speaker 1: of one, well he just took another um four thousand, 450 00:22:23,280 --> 00:22:26,480 Speaker 1: four thousand millionaires bitcoin away from them. See how scarce 451 00:22:26,520 --> 00:22:28,959 Speaker 1: this is? Now a lot of times people ask me, 452 00:22:29,000 --> 00:22:31,760 Speaker 1: I mean, especially when the price of bitcoin is pumping 453 00:22:31,800 --> 00:22:34,239 Speaker 1: even more, and they say, Mark, Mark, Mark, are uh 454 00:22:34,960 --> 00:22:36,920 Speaker 1: you know it always happens when when we're at the 455 00:22:36,960 --> 00:22:39,520 Speaker 1: highest points at the at the halta altais mark Should 456 00:22:39,520 --> 00:22:41,680 Speaker 1: I buy bitcoin right now? Should I buy? Or should 457 00:22:41,680 --> 00:22:44,520 Speaker 1: I wait? Should I wait? You know? And uh, I 458 00:22:44,560 --> 00:22:48,240 Speaker 1: say yes, well yes, what should I buy? Should I wait? Yes? 459 00:22:48,840 --> 00:22:50,800 Speaker 1: Just by right, just by it. And what I like 460 00:22:50,800 --> 00:22:53,320 Speaker 1: to do is I like to look at the richest people. Um. 461 00:22:53,359 --> 00:22:56,560 Speaker 1: I've been invested into private deals, private equity metor capital 462 00:22:56,560 --> 00:22:59,520 Speaker 1: deals for over a decade and I always look at 463 00:23:00,040 --> 00:23:01,920 Speaker 1: to make sure they're smarter people in on the deal 464 00:23:01,960 --> 00:23:05,320 Speaker 1: than I am. Um. You know, I may think I'm smart, 465 00:23:05,359 --> 00:23:06,359 Speaker 1: but I know there's a lot of people that are 466 00:23:06,359 --> 00:23:07,880 Speaker 1: smarter than me. And so I want to see if 467 00:23:08,080 --> 00:23:10,680 Speaker 1: this smarter people than me are in there, um, because 468 00:23:10,680 --> 00:23:12,480 Speaker 1: it gives me this kind of level of confidence that 469 00:23:12,600 --> 00:23:15,040 Speaker 1: I'm not crazy. Um. They say, if you're if you're 470 00:23:15,040 --> 00:23:17,080 Speaker 1: not the smartest person in the room, room, you're in 471 00:23:17,119 --> 00:23:19,040 Speaker 1: the wrong room. And so I would like to look 472 00:23:19,080 --> 00:23:20,480 Speaker 1: at what the smart people are doing. And so Michael, 473 00:23:20,520 --> 00:23:25,040 Speaker 1: Michael Sailor is amazingly smart. He's literally a rocket scientist 474 00:23:25,040 --> 00:23:27,679 Speaker 1: from m I t UM. I've listened to hours and 475 00:23:27,720 --> 00:23:30,840 Speaker 1: hours and hours of his content, and I've even been 476 00:23:30,880 --> 00:23:32,840 Speaker 1: over to his house for a barbecue, and I can 477 00:23:32,840 --> 00:23:34,480 Speaker 1: tell you that he is one of the smartest guys 478 00:23:34,520 --> 00:23:37,680 Speaker 1: I've ever met. And so, if he continues to buy bitcoin, 479 00:23:38,040 --> 00:23:41,320 Speaker 1: they bought it at this filing. They bought one thousand, 480 00:23:41,680 --> 00:23:45,880 Speaker 1: fourteen bitcoin at the average price of forty nine thousand dollars. 481 00:23:46,480 --> 00:23:48,359 Speaker 1: And so if bitcoin is good enough for him to 482 00:23:48,359 --> 00:23:51,880 Speaker 1: buy at forty nine dollars, it's probably good enough for 483 00:23:51,920 --> 00:23:54,359 Speaker 1: you to buy at forty nine dollars if you can 484 00:23:54,359 --> 00:23:57,760 Speaker 1: get it less. I mean, think about that right now. 485 00:23:57,880 --> 00:24:00,600 Speaker 1: At the time of this recording, it's sitting below fort 486 00:24:01,520 --> 00:24:05,760 Speaker 1: So you have a chance to buy bitcoin cheaper than 487 00:24:05,840 --> 00:24:08,879 Speaker 1: Michael Sailor. That's pretty amazing. So should you buy now? 488 00:24:08,960 --> 00:24:12,360 Speaker 1: Should you wait? Yes? By now? Uh follow his lead. Now, 489 00:24:12,440 --> 00:24:15,399 Speaker 1: this is not financial advice. I'm not telling you what 490 00:24:15,520 --> 00:24:21,160 Speaker 1: you should do, but what you should do is, um act, 491 00:24:21,200 --> 00:24:23,960 Speaker 1: if you have a chance to be smarter than a 492 00:24:24,000 --> 00:24:27,080 Speaker 1: billionaire like Michael Saylor. Now he's not the only one 493 00:24:27,160 --> 00:24:29,399 Speaker 1: that's been making moves. As a matter of fact, we 494 00:24:29,440 --> 00:24:36,840 Speaker 1: saw Mexico's third richest billionaire. He came out and said 495 00:24:37,119 --> 00:24:43,119 Speaker 1: invest in bitcoin, stay away from dollars and euros. Now, again, 496 00:24:43,119 --> 00:24:44,960 Speaker 1: it's not my not my financial advice. This is what 497 00:24:45,000 --> 00:24:50,000 Speaker 1: he's saying. His name is Ricardo Salina's Plago and um 498 00:24:50,040 --> 00:24:52,520 Speaker 1: he recommends investing in the bitcoin and says again he 499 00:24:52,560 --> 00:24:55,679 Speaker 1: says a void fiat money. Of course, kind of echoes 500 00:24:55,720 --> 00:24:57,800 Speaker 1: what Ray Dalio, one of the best investors in the 501 00:24:57,800 --> 00:25:02,320 Speaker 1: world ahead of Bridgewater Capital. He says, cash is trash, 502 00:25:02,560 --> 00:25:05,240 Speaker 1: don't hold cash, And that's exactly what Ricardo is saying here. 503 00:25:06,280 --> 00:25:09,080 Speaker 1: He's advised people to stay away from fiat currencies like 504 00:25:09,240 --> 00:25:13,040 Speaker 1: the dollar in the euro and invest in bitcoin, calling 505 00:25:13,119 --> 00:25:17,520 Speaker 1: Fiat quote unquote fake money made of paper and lies. 506 00:25:17,800 --> 00:25:22,359 Speaker 1: End quote. Wow, that's a pretty hard that's a pretty hard. Uh. Terms, 507 00:25:22,359 --> 00:25:25,600 Speaker 1: they're fake money made of paper and lies. He stressed 508 00:25:25,600 --> 00:25:29,320 Speaker 1: that quote central banks are printing more money than ever before. 509 00:25:29,520 --> 00:25:32,480 Speaker 1: End quote. Think about that for a second. He calls 510 00:25:32,520 --> 00:25:36,480 Speaker 1: Fiat fake money made of paper and lies. Nikian that 511 00:25:36,600 --> 00:25:38,920 Speaker 1: lie terms. You know a lot of times people think 512 00:25:38,960 --> 00:25:42,840 Speaker 1: that money is neutral money as a tool, and like 513 00:25:42,920 --> 00:25:45,240 Speaker 1: any tool, a tool could be used for good or 514 00:25:45,280 --> 00:25:48,240 Speaker 1: it could be used for bad. Right, So like um, 515 00:25:48,280 --> 00:25:51,520 Speaker 1: a screwdriver, I could fix my I don't know car 516 00:25:51,560 --> 00:25:54,120 Speaker 1: with a screwdriver, or I could stab somebody with a screwdriver, 517 00:25:54,200 --> 00:25:56,119 Speaker 1: and I could use it for good or bad. And 518 00:25:56,160 --> 00:25:58,160 Speaker 1: people think money is also like that. It's a tool 519 00:25:58,160 --> 00:25:59,880 Speaker 1: could be used for good and bad. But not real, 520 00:26:00,480 --> 00:26:04,159 Speaker 1: not really Fiat money, which is the money from our 521 00:26:04,200 --> 00:26:07,080 Speaker 1: central banks, the paper money. Fiat money, as he said, 522 00:26:07,160 --> 00:26:09,400 Speaker 1: is made of paper and lies. Fiat money is made 523 00:26:09,480 --> 00:26:14,720 Speaker 1: is a system of lies, theft, and deceit, meaning, as 524 00:26:14,720 --> 00:26:17,199 Speaker 1: he says, is on lives. They lie to us. We 525 00:26:17,240 --> 00:26:19,000 Speaker 1: don't know how many dollars there are. We don't how 526 00:26:19,000 --> 00:26:20,760 Speaker 1: many dollars are today. We don't how many dollars will 527 00:26:20,760 --> 00:26:24,560 Speaker 1: be in three months from now. It's deceit. They deceive 528 00:26:24,680 --> 00:26:26,320 Speaker 1: us by telling us they're not going to print more. 529 00:26:26,359 --> 00:26:30,120 Speaker 1: They do print more. And it's also theft. As they 530 00:26:30,200 --> 00:26:33,359 Speaker 1: print more money, as they inflate the money supply, they're 531 00:26:33,480 --> 00:26:37,480 Speaker 1: stealing the value from you. So it's built on theft, 532 00:26:37,480 --> 00:26:40,000 Speaker 1: lies and seat. So anything built on the Fiat money 533 00:26:40,080 --> 00:26:44,760 Speaker 1: system is inherently evil. It can't be neutral. It's when 534 00:26:44,800 --> 00:26:47,880 Speaker 1: it's built like that, it's incentivizes theft, lies in the seat. 535 00:26:47,880 --> 00:26:49,280 Speaker 1: So that's what he calls it, fake money made of 536 00:26:49,280 --> 00:26:53,359 Speaker 1: paper and lies. So he says on Friday UM that 537 00:26:53,440 --> 00:26:58,080 Speaker 1: he put he posted on Twitter UM he said happy holidays, UM, 538 00:26:58,160 --> 00:27:01,359 Speaker 1: and he said by bitcoin his net worth is about 539 00:27:01,400 --> 00:27:05,439 Speaker 1: thirteen billion dollars UM. And I like to take some 540 00:27:05,480 --> 00:27:07,119 Speaker 1: advice from people like that. He says, stay away from 541 00:27:07,119 --> 00:27:08,480 Speaker 1: f you of money the dollar of the year of 542 00:27:08,560 --> 00:27:10,359 Speaker 1: the end or the pay so even says his own 543 00:27:10,359 --> 00:27:12,520 Speaker 1: currency to pay. So they are all the same story. 544 00:27:12,560 --> 00:27:14,960 Speaker 1: It's fake money made of paper in lines, the central 545 00:27:15,000 --> 00:27:17,639 Speaker 1: banks are printing more money than ever before. Invest in 546 00:27:17,760 --> 00:27:20,679 Speaker 1: bitcoin is what he said. And he also said that 547 00:27:21,240 --> 00:27:24,439 Speaker 1: he plans for his bank to accept bitcoin, and his 548 00:27:24,520 --> 00:27:28,320 Speaker 1: retail chain group groupo Elektra, a leading retailer in Latin America, 549 00:27:28,359 --> 00:27:30,960 Speaker 1: has also started to accept bitcoin. Are you listening to 550 00:27:31,000 --> 00:27:34,280 Speaker 1: the Markmas Show. We're talking about bitcoin, obviously, UM. I'm 551 00:27:34,280 --> 00:27:36,359 Speaker 1: bringing to you the latest news stories of the week 552 00:27:36,560 --> 00:27:39,480 Speaker 1: so you can stay up to date. I'll be back 553 00:27:39,520 --> 00:27:42,000 Speaker 1: with more. Don't go away, everyone, welcome back. You are 554 00:27:42,040 --> 00:27:45,720 Speaker 1: listening to the Markma Show. We're talking about bitcoin, of course, 555 00:27:45,800 --> 00:27:48,400 Speaker 1: each and every week we're talking about cryptocurrencies. We are 556 00:27:48,400 --> 00:27:52,600 Speaker 1: talking about the decentralized revolution that's happening right before our 557 00:27:52,680 --> 00:27:56,280 Speaker 1: very eyes. And I'm bringing to you the latest news 558 00:27:56,280 --> 00:27:59,240 Speaker 1: stories from the market so you can stay up to 559 00:27:59,359 --> 00:28:01,760 Speaker 1: date with the latest breaking news. I don't want you 560 00:28:01,800 --> 00:28:04,400 Speaker 1: to get shaken out like what we call these weekends. 561 00:28:05,200 --> 00:28:07,560 Speaker 1: Weekends are people that don't understand what they came in for. 562 00:28:07,560 --> 00:28:09,760 Speaker 1: They don't understand what they bought. They just buy and 563 00:28:09,800 --> 00:28:12,080 Speaker 1: then they as soon as as soon as the price 564 00:28:12,160 --> 00:28:13,560 Speaker 1: drops a little bit or they get some bad news, 565 00:28:13,640 --> 00:28:16,840 Speaker 1: they just sell. They have weak hands, um, And so 566 00:28:16,840 --> 00:28:18,199 Speaker 1: I don't want that to happen to you. And the 567 00:28:18,240 --> 00:28:20,199 Speaker 1: way that you prevent that from happening to you is 568 00:28:20,240 --> 00:28:23,000 Speaker 1: by having the information that you need to stay in 569 00:28:23,280 --> 00:28:25,840 Speaker 1: the market. And so you know, we're before the break. 570 00:28:25,880 --> 00:28:27,280 Speaker 1: I was just talking about how some of the smartest 571 00:28:27,280 --> 00:28:29,040 Speaker 1: people in the world, some of the richest people in 572 00:28:29,080 --> 00:28:34,080 Speaker 1: the world, multi multi multibillionaires, are are buying bitcoin. They're 573 00:28:34,119 --> 00:28:37,320 Speaker 1: telling is to buy bitcoin, and they're pushing the adoption 574 00:28:37,359 --> 00:28:40,040 Speaker 1: from that. We were talking about how Mexico's third richest billionaire, 575 00:28:40,280 --> 00:28:43,760 Speaker 1: Ricardo said that uh, Fiat money is a system built 576 00:28:43,800 --> 00:28:47,880 Speaker 1: on lies and UM. He says bitcoin is the new gold, 577 00:28:47,960 --> 00:28:50,680 Speaker 1: he said, and it's much more portable. So I think 578 00:28:50,680 --> 00:28:53,480 Speaker 1: that was pretty good news. Another thing that's interesting this 579 00:28:53,560 --> 00:28:56,960 Speaker 1: week we saw that I ran now I ran or 580 00:28:57,000 --> 00:29:00,920 Speaker 1: I'm sorry, get on, sorry if my pronunciations wrong. UM 581 00:29:00,960 --> 00:29:05,760 Speaker 1: allows renewable power plans to supply bitcoin miners with electricity. 582 00:29:06,320 --> 00:29:09,640 Speaker 1: So what's interesting is UM. You know, we talk about 583 00:29:09,680 --> 00:29:12,280 Speaker 1: the miners, the bitcoin miners, they have to use electricity 584 00:29:12,320 --> 00:29:15,120 Speaker 1: in order to secure the network to process the transactions. 585 00:29:15,720 --> 00:29:21,520 Speaker 1: And in California, we have Representative Brad Sherman who's up 586 00:29:21,520 --> 00:29:24,120 Speaker 1: for reelection. I think eric I think her name is 587 00:29:24,240 --> 00:29:26,920 Speaker 1: Erica Rhodes is running against him. If you're in California, 588 00:29:27,080 --> 00:29:30,440 Speaker 1: definitely vote for her. Let's get Brad Sherman out for 589 00:29:30,560 --> 00:29:34,160 Speaker 1: listening to this. Vote for Erica. Get Brad Sherman out now. 590 00:29:34,160 --> 00:29:37,560 Speaker 1: Brad Sherman, he has been railing against bitcoin, bitcoin and 591 00:29:37,600 --> 00:29:42,720 Speaker 1: other cryptocurrencies, and he said specifically, he said, UM, I'll paraphrase, 592 00:29:42,760 --> 00:29:44,920 Speaker 1: I don't have the exact quote pulled up. He said. 593 00:29:45,000 --> 00:29:51,160 Speaker 1: He said, um, bitcoin and cryptocurrencies UM undermine the authority 594 00:29:51,400 --> 00:29:54,400 Speaker 1: of the sovereign currency of the US dollar, and it 595 00:29:54,480 --> 00:29:59,400 Speaker 1: takes away the ability of the U S government to 596 00:30:00,080 --> 00:30:05,560 Speaker 1: use the dollar as a weapon against other countries, such 597 00:30:05,600 --> 00:30:10,640 Speaker 1: as sanctions. He said specifically, it allows other countries like 598 00:30:10,800 --> 00:30:16,840 Speaker 1: Iran who have sanctions to get around our sanctions. What 599 00:30:16,920 --> 00:30:19,000 Speaker 1: do you think a country like it or on thinks 600 00:30:19,000 --> 00:30:22,920 Speaker 1: about when they hear that, They're like, really, you mean 601 00:30:23,000 --> 00:30:25,440 Speaker 1: this is a way that we can get around sanctions. Oh, 602 00:30:25,480 --> 00:30:27,680 Speaker 1: thank you for telling us that, Brad Sherman. Let's go 603 00:30:27,720 --> 00:30:30,960 Speaker 1: ahead and adopt it then, right. The problem with sanctions 604 00:30:31,040 --> 00:30:34,600 Speaker 1: is that UM, the promise sanctions. So basically what sanctions 605 00:30:34,600 --> 00:30:36,400 Speaker 1: are is that, you know, the dollar is the reserve 606 00:30:36,440 --> 00:30:40,680 Speaker 1: currency of the world. UM. Through the Swift banking system, 607 00:30:40,680 --> 00:30:43,560 Speaker 1: pretty much all the dollars flow through the United States, 608 00:30:43,640 --> 00:30:47,640 Speaker 1: and so, um, when the United States doesn't like another country, 609 00:30:47,760 --> 00:30:50,600 Speaker 1: they slap sanctions on them, meaning that they're gonna have 610 00:30:50,640 --> 00:30:52,200 Speaker 1: to pay a fee, they have to pay a fine, 611 00:30:52,680 --> 00:30:54,480 Speaker 1: or they won't even be able to use the financial 612 00:30:54,480 --> 00:30:56,800 Speaker 1: system at all. And they use that as a way 613 00:30:56,840 --> 00:30:58,479 Speaker 1: to try to get them to do things. So like 614 00:30:59,240 --> 00:31:02,160 Speaker 1: whether it's Russia, uh, you know, on whatever they're trying 615 00:31:02,280 --> 00:31:03,800 Speaker 1: you know, China, they're trying to get them to lower 616 00:31:03,800 --> 00:31:05,520 Speaker 1: their terraffs. Well, if you don't, then we're gonna slap 617 00:31:05,520 --> 00:31:07,760 Speaker 1: sanctions on your right And so we've put all these 618 00:31:07,760 --> 00:31:11,920 Speaker 1: sanctions on Iram, and um, Brad Sherman's comes out and says, hey, 619 00:31:12,000 --> 00:31:14,920 Speaker 1: you know, it's a bitcoin and cryptocurrencies take away our 620 00:31:14,960 --> 00:31:17,959 Speaker 1: ability to do that, and so of course they go, really, well, 621 00:31:18,040 --> 00:31:21,600 Speaker 1: let's jump on it. And so, um that maybe what's happening, 622 00:31:21,600 --> 00:31:23,640 Speaker 1: because as we can see now, authorities in Iran have 623 00:31:23,720 --> 00:31:26,760 Speaker 1: decided to permit power generation plans using renewable sources to 624 00:31:26,760 --> 00:31:31,320 Speaker 1: sell electricity to licensed cryptocurrency miners. The move comes after 625 00:31:31,320 --> 00:31:33,720 Speaker 1: the government asked mining companies to suspend activities in order 626 00:31:33,720 --> 00:31:36,720 Speaker 1: to avoid winter blackouts. So basically, what they're saying is 627 00:31:36,760 --> 00:31:41,680 Speaker 1: that now, um, they are legalizing mining and they are 628 00:31:41,720 --> 00:31:46,320 Speaker 1: now allowing these cryptocurrency miners to um get get this, 629 00:31:46,520 --> 00:31:49,160 Speaker 1: get this power and start mining these Um they were 630 00:31:49,160 --> 00:31:52,600 Speaker 1: shutting down some licensed farms, but now they're allowing them 631 00:31:52,600 --> 00:31:55,960 Speaker 1: to open back up again. Iran legalized bitcoin mining in 632 00:31:55,960 --> 00:31:59,400 Speaker 1: two thousand nineteen and introduced a licensing regime for entities 633 00:31:59,400 --> 00:32:05,240 Speaker 1: operating in the industry. Um. Yeah, so it looks like 634 00:32:05,280 --> 00:32:07,560 Speaker 1: they were listening to Brad Sherman and looks like they 635 00:32:08,360 --> 00:32:10,280 Speaker 1: like that and they want to they want to do 636 00:32:10,320 --> 00:32:14,720 Speaker 1: more of that. Um we can see that. Uh yeah, anyway, 637 00:32:14,760 --> 00:32:16,880 Speaker 1: so I think that's big news. I think this what 638 00:32:17,000 --> 00:32:20,240 Speaker 1: this does is this increases what we call game theory. 639 00:32:20,480 --> 00:32:22,920 Speaker 1: So going back to the sanctions things, right, So let's 640 00:32:22,920 --> 00:32:24,680 Speaker 1: say that I was having a party at my house 641 00:32:25,120 --> 00:32:27,560 Speaker 1: and uh, someone's being too loud, so I kicked them out, 642 00:32:27,600 --> 00:32:29,320 Speaker 1: and then this guy whatever, I kicked them out. I 643 00:32:29,360 --> 00:32:31,440 Speaker 1: kicked them out, I kicked them out, I kicked that. Eventually, 644 00:32:31,560 --> 00:32:33,520 Speaker 1: I've kicked everyone out of the party and I'm the 645 00:32:33,520 --> 00:32:36,320 Speaker 1: only one left. And all those people got together and 646 00:32:36,360 --> 00:32:38,200 Speaker 1: started their own party. So now they have their own party, 647 00:32:38,200 --> 00:32:40,200 Speaker 1: and I'm over here all by myself. And that's kind 648 00:32:40,200 --> 00:32:41,560 Speaker 1: of like what's happening with the United States and the 649 00:32:41,640 --> 00:32:45,480 Speaker 1: US dollar is that they've they've weaponized the US dollar 650 00:32:45,600 --> 00:32:48,280 Speaker 1: against um, you know, all these other nations, and they're 651 00:32:48,320 --> 00:32:50,360 Speaker 1: kicking them out one by one by one by one, 652 00:32:51,000 --> 00:32:53,520 Speaker 1: and all these other nations are just going, oh, gang, well, 653 00:32:53,520 --> 00:32:55,160 Speaker 1: I guess we're out of the dollar. I guess we'll 654 00:32:55,200 --> 00:32:58,880 Speaker 1: just deal in gold, or we'll deal in oil, or 655 00:32:58,920 --> 00:33:00,960 Speaker 1: we'll deal in bitcoin or whatever it may be. And 656 00:33:01,000 --> 00:33:05,200 Speaker 1: so now Russia and are on China, they're all doing 657 00:33:05,320 --> 00:33:09,600 Speaker 1: deals outside of the US dollar. And what's happening is 658 00:33:09,640 --> 00:33:12,480 Speaker 1: the US dollar, the U s has kicked so many 659 00:33:12,520 --> 00:33:15,440 Speaker 1: people out of the dollar system that we're going to 660 00:33:15,480 --> 00:33:18,840 Speaker 1: find ourselves one of the only people left in the dollar. 661 00:33:19,360 --> 00:33:20,840 Speaker 1: And then how much power do you have, right I mean, 662 00:33:20,880 --> 00:33:22,320 Speaker 1: if you're having a party numbers at your house, I 663 00:33:22,320 --> 00:33:23,840 Speaker 1: mean you kind of have control of what they do 664 00:33:23,920 --> 00:33:26,400 Speaker 1: at your house, because of course they're at your house, 665 00:33:26,800 --> 00:33:28,680 Speaker 1: But when they leave and start their own party, you 666 00:33:28,720 --> 00:33:32,400 Speaker 1: have zero control over what they're doing. And that's exactly 667 00:33:32,440 --> 00:33:34,440 Speaker 1: what's happening in the US. Kicked so many people out 668 00:33:35,400 --> 00:33:37,200 Speaker 1: and now we have no control and so we have 669 00:33:37,400 --> 00:33:41,280 Speaker 1: now you know, oil being sold in gold um. Now 670 00:33:41,320 --> 00:33:43,920 Speaker 1: we have these other countries dealing in their own currencies UM, 671 00:33:44,000 --> 00:33:46,880 Speaker 1: and now even in cryptocurrency. And so when you see 672 00:33:46,920 --> 00:33:49,760 Speaker 1: a nation like China, I'm sorry, like like they're on 673 00:33:50,320 --> 00:33:55,400 Speaker 1: um allowing licensing companies to mind cryptocurrencies. This is is 674 00:33:55,400 --> 00:33:58,720 Speaker 1: what what I keep saying. It's the leading indicator, right, 675 00:33:58,760 --> 00:34:01,040 Speaker 1: this is this is EIGG. This is something that that 676 00:34:01,080 --> 00:34:05,080 Speaker 1: could change the course of the world. And what's interesting 677 00:34:05,160 --> 00:34:09,359 Speaker 1: is they say that they're allowing it to happen on plants, uh, 678 00:34:09,400 --> 00:34:12,840 Speaker 1: that that run on renewable power. I didn't really take 679 00:34:13,200 --> 00:34:19,160 Speaker 1: Iran for um one of the most u environmentally conscious nations. 680 00:34:19,280 --> 00:34:21,640 Speaker 1: I might say, we know a few weeks ago or now, 681 00:34:21,640 --> 00:34:23,200 Speaker 1: it's probably a few months ago at this point. Now 682 00:34:23,600 --> 00:34:25,600 Speaker 1: most of the world leaders around the world got together 683 00:34:25,680 --> 00:34:28,160 Speaker 1: in Glasgow for what was called c o P twenty 684 00:34:28,280 --> 00:34:30,960 Speaker 1: six UM where they talked about climate change and they 685 00:34:30,960 --> 00:34:33,920 Speaker 1: talked about, um, how they can save the world and 686 00:34:33,960 --> 00:34:36,920 Speaker 1: how we can get to zero carbon emissions by the 687 00:34:37,040 --> 00:34:39,759 Speaker 1: year and don't worry, it's only going to cost about 688 00:34:39,760 --> 00:34:45,000 Speaker 1: a hundred and fifty trillion dollars to get there. UM. 689 00:34:45,400 --> 00:34:47,000 Speaker 1: I don't know where they're going to get that hundred 690 00:34:47,400 --> 00:34:51,080 Speaker 1: fifty trillion dollars in all, the debt in the entire 691 00:34:51,160 --> 00:34:54,640 Speaker 1: United States is only about well not only, but less 692 00:34:54,640 --> 00:34:56,560 Speaker 1: than thirty trillion. Now they want to go spend a 693 00:34:56,600 --> 00:34:59,400 Speaker 1: hundred and fifty trillion to do this, which is kind 694 00:34:59,400 --> 00:35:02,400 Speaker 1: of insane, but they anyway, the world leaders met and 695 00:35:02,760 --> 00:35:06,600 Speaker 1: China and Russia didn't show up. They weren't interested in, 696 00:35:06,680 --> 00:35:11,000 Speaker 1: I guess, hamstringing their companies, forcing them to comply with 697 00:35:11,160 --> 00:35:14,480 Speaker 1: some measures that nobody knows will even work and basically 698 00:35:14,520 --> 00:35:16,720 Speaker 1: cripple their industries. They didn't want to do that, Russia 699 00:35:16,760 --> 00:35:19,680 Speaker 1: and trying to opt it out. But I guess I 700 00:35:19,680 --> 00:35:21,319 Speaker 1: don't know, maybe maybe I ran with there. I didn't. 701 00:35:21,320 --> 00:35:23,600 Speaker 1: I didn't pay attention to them, But you know, it's 702 00:35:23,640 --> 00:35:25,480 Speaker 1: it's interesting that, you know, they want to pass all 703 00:35:25,480 --> 00:35:29,520 Speaker 1: these e s G narratives that stands for Environmental, social 704 00:35:29,560 --> 00:35:31,520 Speaker 1: and government structures, And basically what they're saying is the 705 00:35:31,520 --> 00:35:33,120 Speaker 1: private sector is going to have to pay for most 706 00:35:33,160 --> 00:35:36,000 Speaker 1: of this UM and so basically the private sector is 707 00:35:36,000 --> 00:35:38,560 Speaker 1: now going to have to hire consultants to come in 708 00:35:38,640 --> 00:35:41,799 Speaker 1: and tell them how green they are, well, what their 709 00:35:41,800 --> 00:35:43,879 Speaker 1: e s G scores, and then they have to figure 710 00:35:43,880 --> 00:35:45,360 Speaker 1: out ways to comply better, and then they have to 711 00:35:45,360 --> 00:35:48,239 Speaker 1: pay all these taxes and regulations for that, and um, 712 00:35:48,239 --> 00:35:52,480 Speaker 1: it's just gonna make businesses have to hire more people 713 00:35:52,520 --> 00:35:55,480 Speaker 1: and have more costs. And guess what happens. If business 714 00:35:55,520 --> 00:35:59,080 Speaker 1: costs go up, then their prices go up. And if 715 00:35:59,120 --> 00:36:02,239 Speaker 1: their prices get up, and guess what happens, then you 716 00:36:02,440 --> 00:36:05,880 Speaker 1: can't buy as many goods and services with your money anymore. 717 00:36:06,480 --> 00:36:08,239 Speaker 1: And so China rush It are interested in that. We 718 00:36:08,280 --> 00:36:11,200 Speaker 1: have this E s G fund that started and so 719 00:36:11,239 --> 00:36:12,960 Speaker 1: now a lot of people are starting to buy was 720 00:36:13,120 --> 00:36:16,720 Speaker 1: I shares e E t F and they were trading 721 00:36:16,760 --> 00:36:20,240 Speaker 1: in uh is the second biggest exchange traded fund investing 722 00:36:20,239 --> 00:36:24,480 Speaker 1: and sustainable emerging market companies, and uh AN E t 723 00:36:24,600 --> 00:36:27,160 Speaker 1: F raises money they buy these things. And in just 724 00:36:27,280 --> 00:36:30,600 Speaker 1: two days, the I shares E s g UM E 725 00:36:30,760 --> 00:36:34,960 Speaker 1: t F lost nine one percent of its total assets, 726 00:36:35,000 --> 00:36:38,000 Speaker 1: crashing too below seventy dollars seventy million briefly from over 727 00:36:38,080 --> 00:36:41,200 Speaker 1: eight hundred million right before Christmas Eve. So Christmas Eve 728 00:36:41,200 --> 00:36:45,120 Speaker 1: was a hundred million to seventy million lost its total assets. 729 00:36:45,600 --> 00:36:48,560 Speaker 1: I guess these investors are finally figuring out that you 730 00:36:48,680 --> 00:36:51,960 Speaker 1: can't slap businesses with a bunch of regulations and costs 731 00:36:52,160 --> 00:36:55,239 Speaker 1: and expect them to still be profitable UM, and so 732 00:36:55,280 --> 00:36:56,960 Speaker 1: it's interesting to see what's going to happen with that. 733 00:36:57,520 --> 00:36:59,640 Speaker 1: You listen to the Mark Moa Show, we're talking about bitcoin, 734 00:37:00,400 --> 00:37:02,719 Speaker 1: We're talking about cryptocurrencies. We're talking about the decentralizer of 735 00:37:02,760 --> 00:37:06,320 Speaker 1: the revolution. We're talking about how Iran is letting cryptocurrency 736 00:37:06,360 --> 00:37:09,880 Speaker 1: miners use their power as long as it's on renewable um. 737 00:37:09,920 --> 00:37:11,920 Speaker 1: Bringing you the latest in the news. Thanks for listening.