Speaker 1: Hey, everyone, Welcome to another episode of The Markmas Show,
Speaker 1: where we talk about bitcoin, we talk about cryptocurrencies, we
Speaker 1: talk about the decentralized revolution that is happening right now
Speaker 1: before our very eye sometimes that we're living through. And uh,
Speaker 1: unless you're living under a rock, you know what's going on.
Speaker 1: Obviously you're hearing about it. At least you might be
Speaker 1: wondering what the heck is going on or you might
Speaker 1: be wondering how you can take advantage of it. And
Speaker 1: so that's what we're gonna cover each and every week.
Speaker 1: I try to bring to you the information that you
Speaker 1: need to be positioned to take advantage of it, to
Speaker 1: prosper from it, um and just be informed. Right. So
Speaker 1: I try to bring you the latest news, stories of
Speaker 1: the week, the hottest news, so you know exactly what's
Speaker 1: going on, and try to bring you some education so
Speaker 1: you've got a deeper understanding of what's going on. And
Speaker 1: I try to bring you some of the thought leaders
Speaker 1: in the space to kind of expand your horizons. You know,
Speaker 1: they say you don't know what you don't know um,
Speaker 1: and so you need to know how do you do that? Well?
Speaker 1: You do that by increase in your education by listening
Speaker 1: to someone like me each and every week. And like
Speaker 1: I said, I'll bring on my friends and help you
Speaker 1: expand it even more. And so you know understand the news.
Speaker 1: That's great, right, um, But but sometimes we want to
Speaker 1: dig deeper in your education. So we'll cover all of
Speaker 1: those things and more each and every week. So thanks
Speaker 1: for tuning in. Make sure to set a reminder to
Speaker 1: join me each and every week on this channel at
Speaker 1: this time. And uh and we'll do that now. If
Speaker 1: you miss any of these, don't don't. Don't worry. You
Speaker 1: can catch me on the podcast. Just look it up
Speaker 1: there Mark Moss Show on the podcast. Um. But you know,
Speaker 1: there's a lot of stuff going on each and every week. UM,
Speaker 1: one of which is the price of bitcoin, which in
Speaker 1: my opinion is probably the least exciting piece of bitcoin.
Speaker 1: But I still talk about it because it is news,
Speaker 1: and you know, I want to keep you up to
Speaker 1: date with what is going on, what I think is
Speaker 1: going on anyway, with the price, and I talk about
Speaker 1: the price many times. If you tune in each week
Speaker 1: you hear me. Stay it. I think the price is alright.
Speaker 1: Call bitcoin the great bait and switch. You know, the
Speaker 1: bait is the price. You come in for the price,
Speaker 1: but then you get switched and then you get switched
Speaker 1: into some of the more freedom or liberty or prosperity
Speaker 1: or equality measures of bitcoin. And so you come in
Speaker 1: for the uh, for the shallow you know, make money thing,
Speaker 1: and then you get switched into some of the deeper
Speaker 1: end of the pool, so to speak. Um. So the
Speaker 1: price is probably the least important or the least exciting
Speaker 1: thing in my opinion, that being said, um, because it
Speaker 1: is the bait bringing people in. Uh. This week, you know,
Speaker 1: we we were down a little bit. You know, we
Speaker 1: got up, uh we kind of had this uh Santa
Speaker 1: rally as they call it, um, and we we kind
Speaker 1: of popped up before Christmas on December twenty three, got
Speaker 1: back over that fifty dollar range. And now we're just
Speaker 1: sitting down just below that. And I think you know,
Speaker 1: for a lot of people, uh, maybe you just heard
Speaker 1: about it at Thanksgiving, uh, you know, sitting around your
Speaker 1: Thanksgiving table or you you know, maybe you got suckered
Speaker 1: in or not suckered and sucked in around Christmas at
Speaker 1: the dinner day with some family something like that. Um,
Speaker 1: And so you know, maybe you're kind of seeing it
Speaker 1: down for the first time. It was about approximately about
Speaker 1: ten thousand dollars higher than this um at Thanksgiving. So
Speaker 1: if you came in around Thanksgiving, you know, you could
Speaker 1: be sitting on you know, about a fifteen fifteen percent
Speaker 1: loss at this point, and you might be going, what
Speaker 1: the heck happened? What I get? What did I get into? Uh,
Speaker 1: don't worry, don't worry, don't worry. Nothing goes up in
Speaker 1: a straight line, and nothing goes down in a straight line.
Speaker 1: And uh, you know, the one thing I just bring
Speaker 1: to your attention is that if we go back in time,
Speaker 1: you know, a year ago, we were at about twenty thousand,
Speaker 1: so we're still you know, well over double about a
Speaker 1: hundred up from where we were just a year ago. UM.
Speaker 1: And the big thing is is, uh, you know, we
Speaker 1: went all of up to sixty five thousand, and we
Speaker 1: got down into the thirty thousand dollar range, and we consolidated,
Speaker 1: so we kind of found support, cleared out some of
Speaker 1: the weekends, brought in some of the stronger hands, gained
Speaker 1: some momentum, shot back up to sixty nine thousand, and
Speaker 1: now we're pulled back and we're kind of consolidating this
Speaker 1: fifty so the consolidate thirty thousand and now consulited a
Speaker 1: A fifty. It's pretty good improvement in my opinion. Um.
Speaker 1: You know, you don't always look at uh, the highest
Speaker 1: point in where we are from the highest point, but
Speaker 1: rather look at it, you know, as the progress as
Speaker 1: it continues to keep going higher and higher and higher
Speaker 1: and higher. So that's where're at. Like I said, if
Speaker 1: you if you got convinced to buy it around Thanksgiving,
Speaker 1: your down about on it. Um, it's not the end
Speaker 1: of the world, zoom out. Have some long term perspective now, Um.
Speaker 1: Just like you know, if I use like a real
Speaker 1: estate analogy a lot of times, you know, like don't
Speaker 1: buy a house unless you plan to hold it for
Speaker 1: at least five years. Um. You might have heard that before,
Speaker 1: and that's because you have these like real estate cycles,
Speaker 1: and that's kind of like how long it would take
Speaker 1: to go from one cycle to the next. So you know,
Speaker 1: even if you bought it, maybe the price goes down,
Speaker 1: but within a few years it kind of goes back
Speaker 1: up again. Well, bitcoin also kind of has these same cycles. Um.
Speaker 1: I think the longest it had ever been down I
Speaker 1: believe was um three years. So like there was like
Speaker 1: no point in history that you would have bought more
Speaker 1: than three years and been down. As a matter of fact,
Speaker 1: I might write about that. So it peaked in December
Speaker 1: seventeen and it was down to it reclaimed that November twenty.
Speaker 1: So that's yeah, three years. Three years. So it's about
Speaker 1: three years. Um, kind of like a real estate example
Speaker 1: five years. So if you if you're if you're willing
Speaker 1: to buy it and hold it for three years, Uh,
Speaker 1: that's the longest it's ever been down in history. So
Speaker 1: I think you should be doing pretty good with that.
Speaker 1: And so just kind of have that long term perspective. Also,
Speaker 1: you know, the way a lot of people that have
Speaker 1: been in Bequinn long enough kind of look at it too,
Speaker 1: is like it's not really an investment. It's like savings.
Speaker 1: That's where I put my money that I can't afford
Speaker 1: to lose a lot of times you hear don't invest
Speaker 1: money you can't afford to lose. Well, I look at
Speaker 1: it like, I put the money in that I can't
Speaker 1: afford to lose. I don't want to lose my money.
Speaker 1: I want to go ahead and put it in there
Speaker 1: to hold that value. And um, what I really like
Speaker 1: to look at instead of what is happening with the price,
Speaker 1: the short term prices really look at what's going on
Speaker 1: behind the scenes, and so we like to look at
Speaker 1: it typically each and every week when I bring to
Speaker 1: you the latest news that happened in that week, because
Speaker 1: the news headlines of the weekend, I talked to you
Speaker 1: about two things really. One is the growth of the network.
Speaker 1: How is the network growing and what is the development
Speaker 1: on the network, And so those are the two things
Speaker 1: that are going to drive the price eventually. And one
Speaker 1: thing that that that I've been looking at this week
Speaker 1: a big story is that the amount of bitcoin and
Speaker 1: where it's being held or being stored. And so um
Speaker 1: I did uh I did a segment about how to
Speaker 1: secure your bitcoin. I talked about my buddy who lost
Speaker 1: a million dollars a bitcoin on the on the coin
Speaker 1: based exchange, and I gave you tips of how you
Speaker 1: can secure that better. If you miss that that episode,
Speaker 1: go back and check it out on the podcast. Um.
Speaker 1: But you know, the two options that you have would
Speaker 1: be one keeping it on the exchange kind of keeping
Speaker 1: your money in the bank like keeping your gold in
Speaker 1: the bank. Or two I can keep it myself. I
Speaker 1: can custate it myself, kind of like keeping your gold
Speaker 1: on your own. And we look at the amount of
Speaker 1: bitcoin that's either held personally or held on the exchange.
Speaker 1: And the reason why that's kind of a important is
Speaker 1: that you would imagine that if bitcoin is being held
Speaker 1: on exchange, then it's more likely to be sold or
Speaker 1: traded for something else. But if it's already there, it's
Speaker 1: easy for me to just cash it in, transfer to
Speaker 1: stable coin, transferred to another cryptocurrency, etcetera. But if I
Speaker 1: have it in cold storage, meaning off of exchanges, off
Speaker 1: of you know, not acts to the internet, then I'm
Speaker 1: less likely to want to sell it or trade it
Speaker 1: or exchange it or whatever. And so that's that's an
Speaker 1: important metrics to look at. And what we can see
Speaker 1: is that, um, we have we have just met the
Speaker 1: lowest point of bitcoin held on exchanges in history. As
Speaker 1: a matter of fact, one just one point three million
Speaker 1: bitcoin are left circulating on crypto exchanges. That's six point
Speaker 1: three percent of the total bitcoin supply is left on exchange.
Speaker 1: While it's only six that's small. Of course, we can
Speaker 1: see that because bitcoin is an open network, so it's open, meaning, um,
Speaker 1: we can see it it's it's not it's not private,
Speaker 1: it's open, but it's anonymous, so we don't know who,
Speaker 1: you know, belongs to all those addresses, but we can
Speaker 1: see which ones are held by exchanges, and so only
Speaker 1: six point three percent are left on those. So it's drying.
Speaker 1: It's drying up right, it's drying up um And basically
Speaker 1: what that tells us is that a lot of that
Speaker 1: is probably not going to be sold anytime soon. We
Speaker 1: can see that it's been trending down over the past year. UM.
Speaker 1: It was last year, last October was nine point five percent,
Speaker 1: by Christmas down to seven percent, and now it's all
Speaker 1: the way down to six point three and that is bullish.
Speaker 1: That's bullish. What what do I mean bub bullish? That
Speaker 1: means that's where that's that's a good sign because, like
Speaker 1: I said, it's showing that people are holding it and
Speaker 1: they're not planning on selling it um. As a matter
Speaker 1: of fact, we can see the seven day moving average
Speaker 1: for bitcoins exchange inflow, meaning the amount of bitcoin that's
Speaker 1: being purchased and moved onto exchanges has reached us a
Speaker 1: five months low and it's continuing to trend down as well.
Speaker 1: And so what we're just seeing is these retail investors
Speaker 1: are are holding it ill liquid, right, they don't plan
Speaker 1: on selling it, and that is bullis should listen to
Speaker 1: the Mark Will show. We're talking about bitcoin and the
Speaker 1: decentralized revolution. We're talking about bitcoin and where it's going.
Speaker 1: I want to talk more about what's happening with the miners,
Speaker 1: the bitcoin miners. Uh, it's big. You don't want to
Speaker 1: miss it. Don't go away, all right, welcome back. You're
Speaker 1: listening to the Mark Moa show. We're talking about bitcoin.
Speaker 1: We're talking about cryptocurrencies, and we are talking about the
Speaker 1: decentralized revolution that's happening, and we're talking about um, you know,
Speaker 1: the price of bitcoin not being that exciting. And so
Speaker 1: what we want to do is we want to look
Speaker 1: at the underlying things that are happening around bitcoin. So
Speaker 1: that tells us these are like leading indicators to tell
Speaker 1: us where we think the price of bitcoin will be going,
Speaker 1: all right, and so that's what we want to be
Speaker 1: trying to kind of project protecting the future. I was
Speaker 1: just saying that we can see the data. Bitcoin is
Speaker 1: an open network and we can see kind of what
Speaker 1: wallets are holding what and so forth, and we can
Speaker 1: see that the amount of bitcoin being held on exchanges
Speaker 1: is trending down down, down, down down, and we're actually
Speaker 1: at the lowest point UM. But we've been lessons about
Speaker 1: six percent of all bitcoin owned is actually held on
Speaker 1: the exchange. UM. There's an old simple uh investment added
Speaker 1: to out of saying that markets stopped going up when
Speaker 1: there's no more buyers, and markets stopped going down when
Speaker 1: there's no more sellers. And so if the bitcoin isn't
Speaker 1: on an exchange, then it's not looking likely to be sold,
Speaker 1: and if there's no more sellers, the price can't go
Speaker 1: down anymore. That makes sense, and so that's why it's
Speaker 1: the bullish news. It's the bullish news. Now, some other
Speaker 1: news that I think is extremely bullish as well is
Speaker 1: that we can see that the bitcoin hash rate nears
Speaker 1: a record of two hundred equa hash um, which is amazing.
Speaker 1: So what does that mean, Well, the bitcoin network is
Speaker 1: protected by the miners, as Michael Saylor calls it, a
Speaker 1: wall of a cryptic energy, because you have all these computers,
Speaker 1: all these miners who have bought this you know, highly
Speaker 1: specialized computer. UM. A couple of years ago, there about
Speaker 1: three thousand bucks today these things are seven thousand and
Speaker 1: eight thousand, ten thousand dollars for a computer, and then
Speaker 1: they're spending you know, depends on the machine and where
Speaker 1: they're buying their power from, but they could be spending
Speaker 1: a couple hundred dollars a month on electricity, and so
Speaker 1: UM they the the amount of UH computer power that
Speaker 1: they used to help secure the network is hash. It's
Speaker 1: hash rate. And in May of we saw China UM
Speaker 1: that had its kind of a monopoly on the amount
Speaker 1: of miners that were in in their jurisdiction in China
Speaker 1: over the network. They shut it down overnight and just
Speaker 1: kicked it off and all those miners had to move.
Speaker 1: Most of them moved over to UH Texas, some of
Speaker 1: them moved over to Europe, etcetera. And so the hash rate,
Speaker 1: the amount of power computer power that was being used
Speaker 1: to secure the network, took a massive dip, right obviously
Speaker 1: makes sense when you cut off half of the network,
Speaker 1: UH makes sense, right, But as of December twenty the
Speaker 1: Bitcoin network network hash rate is the highest it's ever been.
Speaker 1: And so what's good about that is it's it's a resilience.
Speaker 1: So whenever you see the asset price UM a lot
Speaker 1: of times people say, oh, bitcoin is like the tulip,
Speaker 1: like a tulipmania. Right, Well, when the tulip bulb, when
Speaker 1: the tulipmania crashed, it never came back. When Bitcoin has
Speaker 1: crashed over and over and over again, and it comes
Speaker 1: back bigger, it comes back bigger, and it comes back bigger.
Speaker 1: That's not the same as a tulip mania, not the
Speaker 1: same as a beanie beanie babies, right, Like, Uh, we're
Speaker 1: talking about the most encrypted, the most secure computer network
Speaker 1: in the history of the world. And whenever it's crashed,
Speaker 1: it's come back stronger and stronger and so and to
Speaker 1: this point, the hash power the amount of people that
Speaker 1: are willing to sink massive amounts of money, like I said,
Speaker 1: it constantly upwards of ten dollars per computer and a
Speaker 1: few hundred dollars a month to run that thing. And um,
Speaker 1: if the network was dying, people wouldn't be dumping in
Speaker 1: billions of dollars to buy new computers and to build
Speaker 1: new facilities to run these things. But yet here we are.
Speaker 1: It not only recovered, it recovered and went back to
Speaker 1: it's the highest point's ever been, which is which is
Speaker 1: pretty amazing. Um, just like I said, shows the resiliency. Now,
Speaker 1: if all of these people who are much smarter than
Speaker 1: you and I are putting hundreds of billions of dollars
Speaker 1: into this what we call capex investment capital, are investing
Speaker 1: into their long term business. These smarter people are investing
Speaker 1: hundreds of billions of dollars into this long term strategy
Speaker 1: with bitcoin. That's very bullish, right. But what's also pretty
Speaker 1: bullish about this is there's been a big shift in
Speaker 1: the market. That's pretty cool. Now. Remember markets stop going
Speaker 1: down when there's no more sellers, right. Supply and demand
Speaker 1: drives the price of everything. So if there's more supply,
Speaker 1: then there is demand, there's more sellers than there are buyers,
Speaker 1: the price goes down. Simple. The opposite is true. If
Speaker 1: there's more people buy buying, more buyers than there are sellers,
Speaker 1: the price goes up. Right, It's simple. So we want
Speaker 1: to look at the that that equation. Now, in the past,
Speaker 1: we saw bitcoin miners that are producing the bitcoin. We're
Speaker 1: always selling the bitcoin. They need to sell the bitcoin
Speaker 1: because they need to pay off their equipment. They have
Speaker 1: to pay for their their their warehouse, their facility, they
Speaker 1: have to pay for the electricity, the three uousine they
Speaker 1: will have to pay the employees and the business owners
Speaker 1: and all those things, right, And so as they were
Speaker 1: making that bitcoin, they were selling it. But what we've
Speaker 1: seen is a big shift in the market. And I
Speaker 1: talked about this a few weeks ago. We saw, um,
Speaker 1: these these these bitcoin mining companies that they've all now
Speaker 1: come to the US and they're all going public and
Speaker 1: now they're raising money via public markets. And why that's
Speaker 1: important is because it's changed the makeup of this minor.
Speaker 1: And now because they've went and raised all of this
Speaker 1: money at almost free value, zero zero interest rate terms,
Speaker 1: almost um, they're not forced to sell the bitcoin anymore.
Speaker 1: So we had a market where every all the bitcoin mind,
Speaker 1: or a good majority of all the bitcoin mind every
Speaker 1: day was being sold into the market, and there was
Speaker 1: enough buyers to buy it, you know. But what if
Speaker 1: we take that new supply away and the miners aren't
Speaker 1: selling it. So that's what we're exactly seeing. So we
Speaker 1: see here figures from on chain analytics firm glass Node
Speaker 1: confirms the trend that the amount of bitcoin supply going
Speaker 1: from a liquid to an illiquid state is now one
Speaker 1: hundred thousand bitcoin per month. Dang that's a lot so
Speaker 1: and and it's and as a trend. So what they're
Speaker 1: doing is, um, all these miners went and got this money,
Speaker 1: they're not they don't need to sell the bitcoin anymore.
Speaker 1: They don't need to sell it, and so they're not,
Speaker 1: uh now they're putting it away. It's moving from a
Speaker 1: liquid to an illiquid state. What does that mean? So?
Speaker 1: Ill liquid coins are those coins that have been sent
Speaker 1: to an address with little history of spending and generally
Speaker 1: associated with investor accumulation and bowl market buyers. And so
Speaker 1: using glass Note is one of the companies that you
Speaker 1: can see all of this on chain data. And what
Speaker 1: we can see is we can see, like I said,
Speaker 1: it's it's open. It's anonymous. We don't know who owns
Speaker 1: these wallets, but it is open. We can see um
Speaker 1: all the different wallets, how many coins they hold, and
Speaker 1: we can also see how often coins are going in
Speaker 1: and out of those wallets as well. And so what
Speaker 1: we're seeing here is that what they're calling liquid coins
Speaker 1: are sent to an address with little history of spending.
Speaker 1: So they can lookally wallets and go, dang, they've been
Speaker 1: receiving all this bitcoin, but they never spend it. All
Speaker 1: they do is they they hold, they hold, they hold,
Speaker 1: they hold, And so we would just naturally assume that
Speaker 1: whoever owns those wallets against anonymous, but whoever owns those
Speaker 1: is accumulating bitcoin. They're not like us, They're not a trader.
Speaker 1: They're not you know, they're not trying to buy and
Speaker 1: just sell real quickly because all they're accumulating them. And
Speaker 1: so basically once they take them, it's almost like those
Speaker 1: coins there's going into a black box, a black hole,
Speaker 1: never to see the light of day again and again.
Speaker 1: Markets stop going down to the number sellers. And so
Speaker 1: they're taking a hundred thousand bitcoin per month off the market,
Speaker 1: which is pretty amazing, I think. And so you take
Speaker 1: into account that, um the majority of bitcoin is being
Speaker 1: taken off the off the exchanges. Remember only six percent
Speaker 1: of all bitcoin supply is sitting on exchanges. And then
Speaker 1: you have the bitcoin miners taking a hundred thousand bitcoin
Speaker 1: a month off the market and moving into an liquid state.
Speaker 1: That sounds like a leading indicator that tells me in
Speaker 1: the future bitcoins should continue to go higher because there's
Speaker 1: less people selling. Makes sense. Now, there's two very very
Speaker 1: very very rich people, billionaires that have some advice for
Speaker 1: us on what we should be looking at next. Um
Speaker 1: I like to look at the other smart people to
Speaker 1: see what they're doing. I want to tell you what
Speaker 1: these rich people are doing so you can do the
Speaker 1: same thing as them. You listen to the Mark Show.
Speaker 1: We're talking about bitcoin and cryptocurrencies and the decentralized revolution
Speaker 1: that's happening. We're gonna find out what the richest people
Speaker 1: in the world are doing next. So don't go away,
Speaker 1: all right, welcome back. You are listening to the Mark
Speaker 1: ma Show, and we're talking about bitcoin, Bitcoin, cryptocurrencies, the
Speaker 1: decentralized revolution. We're talking about this each and every week,
Speaker 1: so I hope that you're tuning in with me all
Speaker 1: the time. Try to make it the most important, the
Speaker 1: most profitable part of your week, bringing you the latest
Speaker 1: news of the week and the weekend, to keep you
Speaker 1: up to date on the latest breaking news. And of
Speaker 1: course I'm not gonna explain it to you. To give you, uh,
Speaker 1: give you the perspective on it that you need. We
Speaker 1: deep dive into education because you need to have the
Speaker 1: understanding of what's really going on behind the scenes. And
Speaker 1: of course I bring to you some of the best
Speaker 1: and brightest people in the space to you each and
Speaker 1: every week so we can pick their brains and we
Speaker 1: can learn from them. But today we're talking about right now,
Speaker 1: we're talking about some of the hottest news stories of
Speaker 1: the week, so you can be up to date. And
Speaker 1: we were talking about how um simply markets stopped going
Speaker 1: down when there's no more sellers, and so we're looking
Speaker 1: at the amount of buyers and sellers and trying to
Speaker 1: understand what that dynamic is, that's supply demand dynamic is
Speaker 1: and um I was explaining how UM almost we've been
Speaker 1: seeing this trend of all the bitcoin is coming off
Speaker 1: of exchange is being held in private wallts. And the
Speaker 1: reason why that's important is because when you pull it
Speaker 1: off into exchange, it's not liquid anymore, meaning um, you're
Speaker 1: probably not planning on selling it anytime soon. If you're
Speaker 1: planning on selling it sometimes soon, it would be on
Speaker 1: the exchange UM. And so that's super bullish, right, we're
Speaker 1: seeing all that come off. The other thing that's super
Speaker 1: bullish we talked about is that the miners are not
Speaker 1: selling their bitcoin. As a matter of fact, now they're
Speaker 1: taking a hundred thousand bitcoin a month off of the
Speaker 1: market so again sucking the supply out. As long as
Speaker 1: the demand stays the same, but the supply goes down,
Speaker 1: the price will go up. Um, And some of these billionaires,
Speaker 1: they keep trying to move on and even harder. Now
Speaker 1: bitcoin has a you know, one of the most unique
Speaker 1: characteristics of bitcoin is that as a fixed supply cap,
Speaker 1: meaning there will never be more than twenty one million
Speaker 1: bitcoin period. That's it. Now, Um, a lot of bitcoin
Speaker 1: has been lost, and so there's even less bitcoin in circulation,
Speaker 1: but we don't know exactly what that is. And some estimates,
Speaker 1: some people say there won't ever be more than seventeen
Speaker 1: or eighteen million in actual circulation, and probably over time
Speaker 1: that amount will just continues to go down because people
Speaker 1: continue to lose access to their private keys. I talked
Speaker 1: about this in a previous segment. It's like in the
Speaker 1: old days, you had gold, and you went and buried
Speaker 1: the gold in your backyard or somewhere, and then you
Speaker 1: made a treasure map to that gold, and if you
Speaker 1: lost your treasure map, that gold may be stuck in
Speaker 1: the ground forever, right, And so bitcoin is kind of
Speaker 1: the same way. If you mind some bitcoin and you
Speaker 1: you secured it, but then you lost your private key,
Speaker 1: it may stay stuck there forever and so um. You know,
Speaker 1: estimates are again. You know, maybe there's seventeen eighteen million
Speaker 1: in circulation. That amount probably goes down over time, but
Speaker 1: ultimately there's never more than twenty million. Now, let's just
Speaker 1: take the twenty one million number UM as it is,
Speaker 1: and then if we do some simple math, we can
Speaker 1: see that there's approximately fifty million millionaires in the world.
Speaker 1: Fifty million, so UM one million coins fifty one million millionaires.
Speaker 1: There's not even enough bitcoin for all the millionaires in
Speaker 1: the world to own half of one. That's pretty dank scarce.
Speaker 1: All the millionaires can't even own half of one. Well,
Speaker 1: I own more than one, and someone else owns more
Speaker 1: than one. We saw this week micro Strategy. Michael Sailor,
Speaker 1: the CEO of micro Strategy, one of the longest running
Speaker 1: CEOs of a public traded company in the tech space. UM.
Speaker 1: He's a CEO of a company called micro Strategy, and
Speaker 1: they have been taking massive amounts of bitcoin off of
Speaker 1: the market. As a matter of fact, they just acquired
Speaker 1: an additional one thousand, nine hundred and fourteen bitcoin, an
Speaker 1: additional UM. I think this brings them up to rough
Speaker 1: in the hundred and twenty five thousand range or hundred
Speaker 1: and forty thousand range. I can't even keep track anymore. Um,
Speaker 1: but yeah, another one thousand, nine fourteen. Now I was
Speaker 1: saying that there's not even enough bitcoin for all the
Speaker 1: millionaires in the world to even own half of one.
Speaker 1: And so even if you just called it a half
Speaker 1: of one, well he just took another um four thousand,
Speaker 1: four thousand millionaires bitcoin away from them. See how scarce
Speaker 1: this is? Now a lot of times people ask me,
Speaker 1: I mean, especially when the price of bitcoin is pumping
Speaker 1: even more, and they say, Mark, Mark, Mark, are uh
Speaker 1: you know it always happens when when we're at the
Speaker 1: highest points at the at the halta altais mark Should
Speaker 1: I buy bitcoin right now? Should I buy? Or should
Speaker 1: I wait? Should I wait? You know? And uh, I
Speaker 1: say yes, well yes, what should I buy? Should I wait? Yes?
Speaker 1: Just by right, just by it. And what I like
Speaker 1: to do is I like to look at the richest people. Um.
Speaker 1: I've been invested into private deals, private equity metor capital
Speaker 1: deals for over a decade and I always look at
Speaker 1: to make sure they're smarter people in on the deal
Speaker 1: than I am. Um. You know, I may think I'm smart,
Speaker 1: but I know there's a lot of people that are
Speaker 1: smarter than me. And so I want to see if
Speaker 1: this smarter people than me are in there, um, because
Speaker 1: it gives me this kind of level of confidence that
Speaker 1: I'm not crazy. Um. They say, if you're if you're
Speaker 1: not the smartest person in the room, room, you're in
Speaker 1: the wrong room. And so I would like to look
Speaker 1: at what the smart people are doing. And so Michael,
Speaker 1: Michael Sailor is amazingly smart. He's literally a rocket scientist
Speaker 1: from m I t UM. I've listened to hours and
Speaker 1: hours and hours of his content, and I've even been
Speaker 1: over to his house for a barbecue, and I can
Speaker 1: tell you that he is one of the smartest guys
Speaker 1: I've ever met. And so, if he continues to buy bitcoin,
Speaker 1: they bought it at this filing. They bought one thousand,
Speaker 1: fourteen bitcoin at the average price of forty nine thousand dollars.
Speaker 1: And so if bitcoin is good enough for him to
Speaker 1: buy at forty nine dollars, it's probably good enough for
Speaker 1: you to buy at forty nine dollars if you can
Speaker 1: get it less. I mean, think about that right now.
Speaker 1: At the time of this recording, it's sitting below fort
Speaker 1: So you have a chance to buy bitcoin cheaper than
Speaker 1: Michael Sailor. That's pretty amazing. So should you buy now?
Speaker 1: Should you wait? Yes? By now? Uh follow his lead. Now,
Speaker 1: this is not financial advice. I'm not telling you what
Speaker 1: you should do, but what you should do is, um act,
Speaker 1: if you have a chance to be smarter than a
Speaker 1: billionaire like Michael Saylor. Now he's not the only one
Speaker 1: that's been making moves. As a matter of fact, we
Speaker 1: saw Mexico's third richest billionaire. He came out and said
Speaker 1: invest in bitcoin, stay away from dollars and euros. Now, again,
Speaker 1: it's not my not my financial advice. This is what
Speaker 1: he's saying. His name is Ricardo Salina's Plago and um
Speaker 1: he recommends investing in the bitcoin and says again he
Speaker 1: says a void fiat money. Of course, kind of echoes
Speaker 1: what Ray Dalio, one of the best investors in the
Speaker 1: world ahead of Bridgewater Capital. He says, cash is trash,
Speaker 1: don't hold cash, And that's exactly what Ricardo is saying here.
Speaker 1: He's advised people to stay away from fiat currencies like
Speaker 1: the dollar in the euro and invest in bitcoin, calling
Speaker 1: Fiat quote unquote fake money made of paper and lies.
Speaker 1: End quote. Wow, that's a pretty hard that's a pretty hard. Uh. Terms,
Speaker 1: they're fake money made of paper and lies. He stressed
Speaker 1: that quote central banks are printing more money than ever before.
Speaker 1: End quote. Think about that for a second. He calls
Speaker 1: Fiat fake money made of paper and lies. Nikian that
Speaker 1: lie terms. You know a lot of times people think
Speaker 1: that money is neutral money as a tool, and like
Speaker 1: any tool, a tool could be used for good or
Speaker 1: it could be used for bad. Right, So like um,
Speaker 1: a screwdriver, I could fix my I don't know car
Speaker 1: with a screwdriver, or I could stab somebody with a screwdriver,
Speaker 1: and I could use it for good or bad. And
Speaker 1: people think money is also like that. It's a tool
Speaker 1: could be used for good and bad. But not real,
Speaker 1: not really Fiat money, which is the money from our
Speaker 1: central banks, the paper money. Fiat money, as he said,
Speaker 1: is made of paper and lies. Fiat money is made
Speaker 1: is a system of lies, theft, and deceit, meaning, as
Speaker 1: he says, is on lives. They lie to us. We
Speaker 1: don't know how many dollars there are. We don't how
Speaker 1: many dollars are today. We don't how many dollars will
Speaker 1: be in three months from now. It's deceit. They deceive
Speaker 1: us by telling us they're not going to print more.
Speaker 1: They do print more. And it's also theft. As they
Speaker 1: print more money, as they inflate the money supply, they're
Speaker 1: stealing the value from you. So it's built on theft,
Speaker 1: lies and seat. So anything built on the Fiat money
Speaker 1: system is inherently evil. It can't be neutral. It's when
Speaker 1: it's built like that, it's incentivizes theft, lies in the seat.
Speaker 1: So that's what he calls it, fake money made of
Speaker 1: paper and lies. So he says on Friday UM that
Speaker 1: he put he posted on Twitter UM he said happy holidays, UM,
Speaker 1: and he said by bitcoin his net worth is about
Speaker 1: thirteen billion dollars UM. And I like to take some
Speaker 1: advice from people like that. He says, stay away from
Speaker 1: f you of money the dollar of the year of
Speaker 1: the end or the pay so even says his own
Speaker 1: currency to pay. So they are all the same story.
Speaker 1: It's fake money made of paper in lines, the central
Speaker 1: banks are printing more money than ever before. Invest in
Speaker 1: bitcoin is what he said. And he also said that
Speaker 1: he plans for his bank to accept bitcoin, and his
Speaker 1: retail chain group groupo Elektra, a leading retailer in Latin America,
Speaker 1: has also started to accept bitcoin. Are you listening to
Speaker 1: the Markmas Show. We're talking about bitcoin, obviously, UM. I'm
Speaker 1: bringing to you the latest news stories of the week
Speaker 1: so you can stay up to date. I'll be back
Speaker 1: with more. Don't go away, everyone, welcome back. You are
Speaker 1: listening to the Markma Show. We're talking about bitcoin, of course,
Speaker 1: each and every week we're talking about cryptocurrencies. We are
Speaker 1: talking about the decentralized revolution that's happening right before our
Speaker 1: very eyes. And I'm bringing to you the latest news
Speaker 1: stories from the market so you can stay up to
Speaker 1: date with the latest breaking news. I don't want you
Speaker 1: to get shaken out like what we call these weekends.
Speaker 1: Weekends are people that don't understand what they came in for.
Speaker 1: They don't understand what they bought. They just buy and
Speaker 1: then they as soon as as soon as the price
Speaker 1: drops a little bit or they get some bad news,
Speaker 1: they just sell. They have weak hands, um, And so
Speaker 1: I don't want that to happen to you. And the
Speaker 1: way that you prevent that from happening to you is
Speaker 1: by having the information that you need to stay in
Speaker 1: the market. And so you know, we're before the break.
Speaker 1: I was just talking about how some of the smartest
Speaker 1: people in the world, some of the richest people in
Speaker 1: the world, multi multi multibillionaires, are are buying bitcoin. They're
Speaker 1: telling is to buy bitcoin, and they're pushing the adoption
Speaker 1: from that. We were talking about how Mexico's third richest billionaire,
Speaker 1: Ricardo said that uh, Fiat money is a system built
Speaker 1: on lies and UM. He says bitcoin is the new gold,
Speaker 1: he said, and it's much more portable. So I think
Speaker 1: that was pretty good news. Another thing that's interesting this
Speaker 1: week we saw that I ran now I ran or
Speaker 1: I'm sorry, get on, sorry if my pronunciations wrong. UM
Speaker 1: allows renewable power plans to supply bitcoin miners with electricity.
Speaker 1: So what's interesting is UM. You know, we talk about
Speaker 1: the miners, the bitcoin miners, they have to use electricity
Speaker 1: in order to secure the network to process the transactions.
Speaker 1: And in California, we have Representative Brad Sherman who's up
Speaker 1: for reelection. I think eric I think her name is
Speaker 1: Erica Rhodes is running against him. If you're in California,
Speaker 1: definitely vote for her. Let's get Brad Sherman out for
Speaker 1: listening to this. Vote for Erica. Get Brad Sherman out now.
Speaker 1: Brad Sherman, he has been railing against bitcoin, bitcoin and
Speaker 1: other cryptocurrencies, and he said specifically, he said, UM, I'll paraphrase,
Speaker 1: I don't have the exact quote pulled up. He said.
Speaker 1: He said, um, bitcoin and cryptocurrencies UM undermine the authority
Speaker 1: of the sovereign currency of the US dollar, and it
Speaker 1: takes away the ability of the U S government to
Speaker 1: use the dollar as a weapon against other countries, such
Speaker 1: as sanctions. He said specifically, it allows other countries like
Speaker 1: Iran who have sanctions to get around our sanctions. What
Speaker 1: do you think a country like it or on thinks
Speaker 1: about when they hear that, They're like, really, you mean
Speaker 1: this is a way that we can get around sanctions. Oh,
Speaker 1: thank you for telling us that, Brad Sherman. Let's go
Speaker 1: ahead and adopt it then, right. The problem with sanctions
Speaker 1: is that UM, the promise sanctions. So basically what sanctions
Speaker 1: are is that, you know, the dollar is the reserve
Speaker 1: currency of the world. UM. Through the Swift banking system,
Speaker 1: pretty much all the dollars flow through the United States,
Speaker 1: and so, um, when the United States doesn't like another country,
Speaker 1: they slap sanctions on them, meaning that they're gonna have
Speaker 1: to pay a fee, they have to pay a fine,
Speaker 1: or they won't even be able to use the financial
Speaker 1: system at all. And they use that as a way
Speaker 1: to try to get them to do things. So like
Speaker 1: whether it's Russia, uh, you know, on whatever they're trying
Speaker 1: you know, China, they're trying to get them to lower
Speaker 1: their terraffs. Well, if you don't, then we're gonna slap
Speaker 1: sanctions on your right And so we've put all these
Speaker 1: sanctions on Iram, and um, Brad Sherman's comes out and says, hey,
Speaker 1: you know, it's a bitcoin and cryptocurrencies take away our
Speaker 1: ability to do that, and so of course they go, really, well,
Speaker 1: let's jump on it. And so, um that maybe what's happening,
Speaker 1: because as we can see now, authorities in Iran have
Speaker 1: decided to permit power generation plans using renewable sources to
Speaker 1: sell electricity to licensed cryptocurrency miners. The move comes after
Speaker 1: the government asked mining companies to suspend activities in order
Speaker 1: to avoid winter blackouts. So basically, what they're saying is
Speaker 1: that now, um, they are legalizing mining and they are
Speaker 1: now allowing these cryptocurrency miners to um get get this,
Speaker 1: get this power and start mining these Um they were
Speaker 1: shutting down some licensed farms, but now they're allowing them
Speaker 1: to open back up again. Iran legalized bitcoin mining in
Speaker 1: two thousand nineteen and introduced a licensing regime for entities
Speaker 1: operating in the industry. Um. Yeah, so it looks like
Speaker 1: they were listening to Brad Sherman and looks like they
Speaker 1: like that and they want to they want to do
Speaker 1: more of that. Um we can see that. Uh yeah, anyway,
Speaker 1: so I think that's big news. I think this what
Speaker 1: this does is this increases what we call game theory.
Speaker 1: So going back to the sanctions things, right, So let's
Speaker 1: say that I was having a party at my house
Speaker 1: and uh, someone's being too loud, so I kicked them out,
Speaker 1: and then this guy whatever, I kicked them out. I
Speaker 1: kicked them out, I kicked them out, I kicked that. Eventually,
Speaker 1: I've kicked everyone out of the party and I'm the
Speaker 1: only one left. And all those people got together and
Speaker 1: started their own party. So now they have their own party,
Speaker 1: and I'm over here all by myself. And that's kind
Speaker 1: of like what's happening with the United States and the
Speaker 1: US dollar is that they've they've weaponized the US dollar
Speaker 1: against um, you know, all these other nations, and they're
Speaker 1: kicking them out one by one by one by one,
Speaker 1: and all these other nations are just going, oh, gang, well,
Speaker 1: I guess we're out of the dollar. I guess we'll
Speaker 1: just deal in gold, or we'll deal in oil, or
Speaker 1: we'll deal in bitcoin or whatever it may be. And
Speaker 1: so now Russia and are on China, they're all doing
Speaker 1: deals outside of the US dollar. And what's happening is
Speaker 1: the US dollar, the U s has kicked so many
Speaker 1: people out of the dollar system that we're going to
Speaker 1: find ourselves one of the only people left in the dollar.
Speaker 1: And then how much power do you have, right I mean,
Speaker 1: if you're having a party numbers at your house, I
Speaker 1: mean you kind of have control of what they do
Speaker 1: at your house, because of course they're at your house,
Speaker 1: But when they leave and start their own party, you
Speaker 1: have zero control over what they're doing. And that's exactly
Speaker 1: what's happening in the US. Kicked so many people out
Speaker 1: and now we have no control and so we have
Speaker 1: now you know, oil being sold in gold um. Now
Speaker 1: we have these other countries dealing in their own currencies UM,
Speaker 1: and now even in cryptocurrency. And so when you see
Speaker 1: a nation like China, I'm sorry, like like they're on
Speaker 1: um allowing licensing companies to mind cryptocurrencies. This is is
Speaker 1: what what I keep saying. It's the leading indicator, right,
Speaker 1: this is this is EIGG. This is something that that
Speaker 1: could change the course of the world. And what's interesting
Speaker 1: is they say that they're allowing it to happen on plants, uh,
Speaker 1: that that run on renewable power. I didn't really take
Speaker 1: Iran for um one of the most u environmentally conscious nations.
Speaker 1: I might say, we know a few weeks ago or now,
Speaker 1: it's probably a few months ago at this point. Now
Speaker 1: most of the world leaders around the world got together
Speaker 1: in Glasgow for what was called c o P twenty
Speaker 1: six UM where they talked about climate change and they
Speaker 1: talked about, um, how they can save the world and
Speaker 1: how we can get to zero carbon emissions by the
Speaker 1: year and don't worry, it's only going to cost about
Speaker 1: a hundred and fifty trillion dollars to get there. UM.
Speaker 1: I don't know where they're going to get that hundred
Speaker 1: fifty trillion dollars in all, the debt in the entire
Speaker 1: United States is only about well not only, but less
Speaker 1: than thirty trillion. Now they want to go spend a
Speaker 1: hundred and fifty trillion to do this, which is kind
Speaker 1: of insane, but they anyway, the world leaders met and
Speaker 1: China and Russia didn't show up. They weren't interested in,
Speaker 1: I guess, hamstringing their companies, forcing them to comply with
Speaker 1: some measures that nobody knows will even work and basically
Speaker 1: cripple their industries. They didn't want to do that, Russia
Speaker 1: and trying to opt it out. But I guess I
Speaker 1: don't know, maybe maybe I ran with there. I didn't.
Speaker 1: I didn't pay attention to them, But you know, it's
Speaker 1: it's interesting that, you know, they want to pass all
Speaker 1: these e s G narratives that stands for Environmental, social
Speaker 1: and government structures, And basically what they're saying is the
Speaker 1: private sector is going to have to pay for most
Speaker 1: of this UM and so basically the private sector is
Speaker 1: now going to have to hire consultants to come in
Speaker 1: and tell them how green they are, well, what their
Speaker 1: e s G scores, and then they have to figure
Speaker 1: out ways to comply better, and then they have to
Speaker 1: pay all these taxes and regulations for that, and um,
Speaker 1: it's just gonna make businesses have to hire more people
Speaker 1: and have more costs. And guess what happens. If business
Speaker 1: costs go up, then their prices go up. And if
Speaker 1: their prices get up, and guess what happens, then you
Speaker 1: can't buy as many goods and services with your money anymore.
Speaker 1: And so China rush It are interested in that. We
Speaker 1: have this E s G fund that started and so
Speaker 1: now a lot of people are starting to buy was
Speaker 1: I shares e E t F and they were trading
Speaker 1: in uh is the second biggest exchange traded fund investing
Speaker 1: and sustainable emerging market companies, and uh AN E t
Speaker 1: F raises money they buy these things. And in just
Speaker 1: two days, the I shares E s g UM E
Speaker 1: t F lost nine one percent of its total assets,
Speaker 1: crashing too below seventy dollars seventy million briefly from over
Speaker 1: eight hundred million right before Christmas Eve. So Christmas Eve
Speaker 1: was a hundred million to seventy million lost its total assets.
Speaker 1: I guess these investors are finally figuring out that you
Speaker 1: can't slap businesses with a bunch of regulations and costs
Speaker 1: and expect them to still be profitable UM, and so
Speaker 1: it's interesting to see what's going to happen with that.
Speaker 1: You listen to the Mark Moa Show, we're talking about bitcoin,
Speaker 1: We're talking about cryptocurrencies. We're talking about the decentralizer of
Speaker 1: the revolution. We're talking about how Iran is letting cryptocurrency
Speaker 1: miners use their power as long as it's on renewable um.
Speaker 1: Bringing you the latest in the news. Thanks for listening.