WEBVTT - The Mark Moss Show Jan 07, 2022 0:00:00.880 --> 0:00:03.680 Hey, everyone, Welcome to another episode of The Markmas Show, 0:00:03.680 --> 0:00:07.480 where we talk about bitcoin, we talk about cryptocurrencies, we 0:00:07.520 --> 0:00:11.039 talk about the decentralized revolution that is happening right now 0:00:11.080 --> 0:00:14.880 before our very eye sometimes that we're living through. And uh, 0:00:15.000 --> 0:00:17.520 unless you're living under a rock, you know what's going on. 0:00:17.640 --> 0:00:20.479 Obviously you're hearing about it. At least you might be 0:00:20.600 --> 0:00:22.759 wondering what the heck is going on or you might 0:00:22.800 --> 0:00:24.720 be wondering how you can take advantage of it. And 0:00:24.760 --> 0:00:26.880 so that's what we're gonna cover each and every week. 0:00:27.440 --> 0:00:30.360 I try to bring to you the information that you 0:00:30.440 --> 0:00:33.559 need to be positioned to take advantage of it, to 0:00:33.720 --> 0:00:37.680 prosper from it, um and just be informed. Right. So 0:00:37.720 --> 0:00:40.120 I try to bring you the latest news, stories of 0:00:40.159 --> 0:00:42.240 the week, the hottest news, so you know exactly what's 0:00:42.240 --> 0:00:44.800 going on, and try to bring you some education so 0:00:44.840 --> 0:00:47.479 you've got a deeper understanding of what's going on. And 0:00:47.479 --> 0:00:50.640 I try to bring you some of the thought leaders 0:00:50.640 --> 0:00:53.920 in the space to kind of expand your horizons. You know, 0:00:53.960 --> 0:00:56.000 they say you don't know what you don't know um, 0:00:56.080 --> 0:00:58.920 and so you need to know how do you do that? Well? 0:00:58.960 --> 0:01:01.240 You do that by increase in your education by listening 0:01:01.640 --> 0:01:03.320 to someone like me each and every week. And like 0:01:03.320 --> 0:01:04.920 I said, I'll bring on my friends and help you 0:01:04.959 --> 0:01:07.520 expand it even more. And so you know understand the news. 0:01:07.520 --> 0:01:09.600 That's great, right, um, But but sometimes we want to 0:01:09.600 --> 0:01:11.600 dig deeper in your education. So we'll cover all of 0:01:11.640 --> 0:01:13.959 those things and more each and every week. So thanks 0:01:13.959 --> 0:01:15.800 for tuning in. Make sure to set a reminder to 0:01:15.880 --> 0:01:17.720 join me each and every week on this channel at 0:01:17.720 --> 0:01:21.720 this time. And uh and we'll do that now. If 0:01:21.720 --> 0:01:23.800 you miss any of these, don't don't. Don't worry. You 0:01:23.840 --> 0:01:25.920 can catch me on the podcast. Just look it up 0:01:25.959 --> 0:01:29.480 there Mark Moss Show on the podcast. Um. But you know, 0:01:29.520 --> 0:01:31.760 there's a lot of stuff going on each and every week. UM, 0:01:31.920 --> 0:01:35.200 one of which is the price of bitcoin, which in 0:01:35.280 --> 0:01:39.160 my opinion is probably the least exciting piece of bitcoin. 0:01:39.440 --> 0:01:41.080 But I still talk about it because it is news, 0:01:41.160 --> 0:01:42.520 and you know, I want to keep you up to 0:01:42.600 --> 0:01:44.160 date with what is going on, what I think is 0:01:44.200 --> 0:01:47.360 going on anyway, with the price, and I talk about 0:01:47.360 --> 0:01:49.720 the price many times. If you tune in each week 0:01:49.720 --> 0:01:51.760 you hear me. Stay it. I think the price is alright. 0:01:51.800 --> 0:01:55.320 Call bitcoin the great bait and switch. You know, the 0:01:55.360 --> 0:01:57.400 bait is the price. You come in for the price, 0:01:58.040 --> 0:02:00.280 but then you get switched and then you get switched 0:02:00.360 --> 0:02:05.920 into some of the more freedom or liberty or prosperity 0:02:06.080 --> 0:02:10.320 or equality measures of bitcoin. And so you come in 0:02:10.400 --> 0:02:13.880 for the uh, for the shallow you know, make money thing, 0:02:13.919 --> 0:02:15.680 and then you get switched into some of the deeper 0:02:15.760 --> 0:02:17.560 end of the pool, so to speak. Um. So the 0:02:17.560 --> 0:02:20.000 price is probably the least important or the least exciting 0:02:20.040 --> 0:02:23.160 thing in my opinion, that being said, um, because it 0:02:23.240 --> 0:02:25.920 is the bait bringing people in. Uh. This week, you know, 0:02:26.000 --> 0:02:28.040 we we were down a little bit. You know, we 0:02:28.120 --> 0:02:31.240 got up, uh we kind of had this uh Santa 0:02:31.400 --> 0:02:34.280 rally as they call it, um, and we we kind 0:02:34.280 --> 0:02:37.480 of popped up before Christmas on December twenty three, got 0:02:37.480 --> 0:02:41.040 back over that fifty dollar range. And now we're just 0:02:41.040 --> 0:02:44.320 sitting down just below that. And I think you know, 0:02:44.520 --> 0:02:47.000 for a lot of people, uh, maybe you just heard 0:02:47.000 --> 0:02:49.720 about it at Thanksgiving, uh, you know, sitting around your 0:02:49.720 --> 0:02:52.600 Thanksgiving table or you you know, maybe you got suckered 0:02:52.639 --> 0:02:57.120 in or not suckered and sucked in around Christmas at 0:02:57.120 --> 0:02:59.600 the dinner day with some family something like that. Um, 0:03:00.000 --> 0:03:01.760 And so you know, maybe you're kind of seeing it 0:03:01.800 --> 0:03:05.200 down for the first time. It was about approximately about 0:03:05.200 --> 0:03:09.080 ten thousand dollars higher than this um at Thanksgiving. So 0:03:09.080 --> 0:03:11.600 if you came in around Thanksgiving, you know, you could 0:03:11.639 --> 0:03:16.440 be sitting on you know, about a fifteen fifteen percent 0:03:16.560 --> 0:03:18.240 loss at this point, and you might be going, what 0:03:18.280 --> 0:03:20.720 the heck happened? What I get? What did I get into? Uh, 0:03:20.760 --> 0:03:23.640 don't worry, don't worry, don't worry. Nothing goes up in 0:03:23.639 --> 0:03:25.760 a straight line, and nothing goes down in a straight line. 0:03:26.200 --> 0:03:27.560 And uh, you know, the one thing I just bring 0:03:27.639 --> 0:03:30.080 to your attention is that if we go back in time, 0:03:30.120 --> 0:03:33.680 you know, a year ago, we were at about twenty thousand, 0:03:33.760 --> 0:03:36.200 so we're still you know, well over double about a 0:03:36.280 --> 0:03:39.200 hundred up from where we were just a year ago. UM. 0:03:39.200 --> 0:03:40.880 And the big thing is is, uh, you know, we 0:03:40.920 --> 0:03:42.720 went all of up to sixty five thousand, and we 0:03:42.760 --> 0:03:46.560 got down into the thirty thousand dollar range, and we consolidated, 0:03:46.920 --> 0:03:49.880 so we kind of found support, cleared out some of 0:03:49.920 --> 0:03:52.080 the weekends, brought in some of the stronger hands, gained 0:03:52.080 --> 0:03:55.480 some momentum, shot back up to sixty nine thousand, and 0:03:55.520 --> 0:03:57.480 now we're pulled back and we're kind of consolidating this 0:03:57.520 --> 0:04:00.040 fifty so the consolidate thirty thousand and now consulited a 0:04:00.120 --> 0:04:03.640 A fifty. It's pretty good improvement in my opinion. Um. 0:04:03.680 --> 0:04:07.320 You know, you don't always look at uh, the highest 0:04:07.320 --> 0:04:09.680 point in where we are from the highest point, but 0:04:09.840 --> 0:04:12.160 rather look at it, you know, as the progress as 0:04:12.160 --> 0:04:15.400 it continues to keep going higher and higher and higher 0:04:15.400 --> 0:04:17.200 and higher. So that's where're at. Like I said, if 0:04:17.200 --> 0:04:19.320 you if you got convinced to buy it around Thanksgiving, 0:04:19.760 --> 0:04:22.599 your down about on it. Um, it's not the end 0:04:22.600 --> 0:04:26.479 of the world, zoom out. Have some long term perspective now, Um. 0:04:26.520 --> 0:04:28.160 Just like you know, if I use like a real 0:04:28.279 --> 0:04:30.960 estate analogy a lot of times, you know, like don't 0:04:30.960 --> 0:04:32.560 buy a house unless you plan to hold it for 0:04:32.600 --> 0:04:35.279 at least five years. Um. You might have heard that before, 0:04:35.279 --> 0:04:37.480 and that's because you have these like real estate cycles, 0:04:37.480 --> 0:04:38.960 and that's kind of like how long it would take 0:04:38.960 --> 0:04:41.200 to go from one cycle to the next. So you know, 0:04:41.320 --> 0:04:42.920 even if you bought it, maybe the price goes down, 0:04:42.960 --> 0:04:44.280 but within a few years it kind of goes back 0:04:44.320 --> 0:04:48.760 up again. Well, bitcoin also kind of has these same cycles. Um. 0:04:48.800 --> 0:04:52.159 I think the longest it had ever been down I 0:04:52.200 --> 0:04:55.520 believe was um three years. So like there was like 0:04:55.560 --> 0:04:58.279 no point in history that you would have bought more 0:04:58.320 --> 0:05:01.400 than three years and been down. As a matter of fact, 0:05:01.440 --> 0:05:04.760 I might write about that. So it peaked in December 0:05:04.800 --> 0:05:10.920 seventeen and it was down to it reclaimed that November twenty. 0:05:11.240 --> 0:05:14.040 So that's yeah, three years. Three years. So it's about 0:05:14.040 --> 0:05:16.120 three years. Um, kind of like a real estate example 0:05:16.200 --> 0:05:17.880 five years. So if you if you're if you're willing 0:05:17.920 --> 0:05:19.800 to buy it and hold it for three years, Uh, 0:05:19.920 --> 0:05:21.840 that's the longest it's ever been down in history. So 0:05:21.880 --> 0:05:24.160 I think you should be doing pretty good with that. 0:05:24.520 --> 0:05:26.760 And so just kind of have that long term perspective. Also, 0:05:27.040 --> 0:05:28.240 you know, the way a lot of people that have 0:05:28.240 --> 0:05:29.960 been in Bequinn long enough kind of look at it too, 0:05:30.040 --> 0:05:33.160 is like it's not really an investment. It's like savings. 0:05:33.680 --> 0:05:36.360 That's where I put my money that I can't afford 0:05:36.400 --> 0:05:38.159 to lose a lot of times you hear don't invest 0:05:38.200 --> 0:05:40.000 money you can't afford to lose. Well, I look at 0:05:40.040 --> 0:05:42.080 it like, I put the money in that I can't 0:05:42.120 --> 0:05:44.479 afford to lose. I don't want to lose my money. 0:05:44.480 --> 0:05:45.480 I want to go ahead and put it in there 0:05:45.520 --> 0:05:48.599 to hold that value. And um, what I really like 0:05:48.680 --> 0:05:52.120 to look at instead of what is happening with the price, 0:05:52.200 --> 0:05:54.760 the short term prices really look at what's going on 0:05:54.920 --> 0:05:56.720 behind the scenes, and so we like to look at 0:05:56.720 --> 0:05:58.800 it typically each and every week when I bring to 0:05:58.839 --> 0:06:01.880 you the latest news that happened in that week, because 0:06:01.880 --> 0:06:03.320 the news headlines of the weekend, I talked to you 0:06:03.360 --> 0:06:07.480 about two things really. One is the growth of the network. 0:06:07.560 --> 0:06:11.080 How is the network growing and what is the development 0:06:11.240 --> 0:06:13.200 on the network, And so those are the two things 0:06:13.200 --> 0:06:15.760 that are going to drive the price eventually. And one 0:06:15.800 --> 0:06:18.280 thing that that that I've been looking at this week 0:06:18.320 --> 0:06:21.960 a big story is that the amount of bitcoin and 0:06:22.000 --> 0:06:25.919 where it's being held or being stored. And so um 0:06:25.960 --> 0:06:28.159 I did uh I did a segment about how to 0:06:28.320 --> 0:06:31.200 secure your bitcoin. I talked about my buddy who lost 0:06:31.240 --> 0:06:33.200 a million dollars a bitcoin on the on the coin 0:06:33.240 --> 0:06:35.560 based exchange, and I gave you tips of how you 0:06:35.560 --> 0:06:38.280 can secure that better. If you miss that that episode, 0:06:38.320 --> 0:06:40.880 go back and check it out on the podcast. Um. 0:06:40.920 --> 0:06:43.800 But you know, the two options that you have would 0:06:43.800 --> 0:06:47.159 be one keeping it on the exchange kind of keeping 0:06:47.200 --> 0:06:49.000 your money in the bank like keeping your gold in 0:06:49.040 --> 0:06:50.920 the bank. Or two I can keep it myself. I 0:06:50.920 --> 0:06:52.920 can custate it myself, kind of like keeping your gold 0:06:53.040 --> 0:06:56.000 on your own. And we look at the amount of 0:06:56.200 --> 0:06:59.080 bitcoin that's either held personally or held on the exchange. 0:06:59.080 --> 0:07:00.440 And the reason why that's kind of a important is 0:07:00.440 --> 0:07:02.880 that you would imagine that if bitcoin is being held 0:07:02.880 --> 0:07:06.359 on exchange, then it's more likely to be sold or 0:07:06.400 --> 0:07:08.640 traded for something else. But if it's already there, it's 0:07:08.640 --> 0:07:10.800 easy for me to just cash it in, transfer to 0:07:10.840 --> 0:07:14.240 stable coin, transferred to another cryptocurrency, etcetera. But if I 0:07:14.360 --> 0:07:17.800 have it in cold storage, meaning off of exchanges, off 0:07:17.840 --> 0:07:20.480 of you know, not acts to the internet, then I'm 0:07:20.680 --> 0:07:23.080 less likely to want to sell it or trade it 0:07:23.160 --> 0:07:24.800 or exchange it or whatever. And so that's that's an 0:07:24.800 --> 0:07:27.760 important metrics to look at. And what we can see 0:07:27.960 --> 0:07:31.760 is that, um, we have we have just met the 0:07:31.920 --> 0:07:39.200 lowest point of bitcoin held on exchanges in history. As 0:07:39.200 --> 0:07:42.679 a matter of fact, one just one point three million 0:07:42.760 --> 0:07:49.640 bitcoin are left circulating on crypto exchanges. That's six point 0:07:49.680 --> 0:07:54.680 three percent of the total bitcoin supply is left on exchange. 0:07:54.680 --> 0:07:57.280 While it's only six that's small. Of course, we can 0:07:57.320 --> 0:08:01.720 see that because bitcoin is an open network, so it's open, meaning, um, 0:08:01.840 --> 0:08:04.800 we can see it it's it's not it's not private, 0:08:05.040 --> 0:08:07.800 it's open, but it's anonymous, so we don't know who, 0:08:07.880 --> 0:08:09.560 you know, belongs to all those addresses, but we can 0:08:09.560 --> 0:08:12.200 see which ones are held by exchanges, and so only 0:08:12.320 --> 0:08:16.119 six point three percent are left on those. So it's drying. 0:08:16.200 --> 0:08:19.600 It's drying up right, it's drying up um And basically 0:08:19.640 --> 0:08:21.160 what that tells us is that a lot of that 0:08:21.320 --> 0:08:24.800 is probably not going to be sold anytime soon. We 0:08:24.800 --> 0:08:28.840 can see that it's been trending down over the past year. UM. 0:08:28.880 --> 0:08:32.600 It was last year, last October was nine point five percent, 0:08:33.160 --> 0:08:37.920 by Christmas down to seven percent, and now it's all 0:08:37.960 --> 0:08:41.319 the way down to six point three and that is bullish. 0:08:41.559 --> 0:08:43.520 That's bullish. What what do I mean bub bullish? That 0:08:43.559 --> 0:08:46.520 means that's where that's that's a good sign because, like 0:08:46.520 --> 0:08:48.720 I said, it's showing that people are holding it and 0:08:48.760 --> 0:08:52.400 they're not planning on selling it um. As a matter 0:08:52.440 --> 0:08:54.240 of fact, we can see the seven day moving average 0:08:54.240 --> 0:08:57.720 for bitcoins exchange inflow, meaning the amount of bitcoin that's 0:08:57.760 --> 0:09:00.080 being purchased and moved onto exchanges has reached us a 0:09:00.160 --> 0:09:04.480 five months low and it's continuing to trend down as well. 0:09:04.840 --> 0:09:06.800 And so what we're just seeing is these retail investors 0:09:06.800 --> 0:09:09.840 are are holding it ill liquid, right, they don't plan 0:09:09.920 --> 0:09:12.199 on selling it, and that is bullis should listen to 0:09:12.240 --> 0:09:13.640 the Mark Will show. We're talking about bitcoin and the 0:09:13.679 --> 0:09:17.559 decentralized revolution. We're talking about bitcoin and where it's going. 0:09:17.880 --> 0:09:20.320 I want to talk more about what's happening with the miners, 0:09:20.360 --> 0:09:22.679 the bitcoin miners. Uh, it's big. You don't want to 0:09:22.679 --> 0:09:25.400 miss it. Don't go away, all right, welcome back. You're 0:09:25.400 --> 0:09:27.800 listening to the Mark Moa show. We're talking about bitcoin. 0:09:28.200 --> 0:09:31.040 We're talking about cryptocurrencies, and we are talking about the 0:09:31.080 --> 0:09:35.960 decentralized revolution that's happening, and we're talking about um, you know, 0:09:36.600 --> 0:09:38.720 the price of bitcoin not being that exciting. And so 0:09:38.760 --> 0:09:40.040 what we want to do is we want to look 0:09:40.040 --> 0:09:44.080 at the underlying things that are happening around bitcoin. So 0:09:44.320 --> 0:09:46.720 that tells us these are like leading indicators to tell 0:09:46.800 --> 0:09:49.440 us where we think the price of bitcoin will be going, 0:09:50.200 --> 0:09:51.599 all right, and so that's what we want to be 0:09:51.800 --> 0:09:53.800 trying to kind of project protecting the future. I was 0:09:53.840 --> 0:09:56.199 just saying that we can see the data. Bitcoin is 0:09:56.200 --> 0:09:58.600 an open network and we can see kind of what 0:09:58.679 --> 0:10:00.800 wallets are holding what and so forth, and we can 0:10:00.840 --> 0:10:03.800 see that the amount of bitcoin being held on exchanges 0:10:04.280 --> 0:10:08.160 is trending down down, down, down down, and we're actually 0:10:08.200 --> 0:10:11.959 at the lowest point UM. But we've been lessons about 0:10:11.960 --> 0:10:15.160 six percent of all bitcoin owned is actually held on 0:10:15.280 --> 0:10:19.640 the exchange. UM. There's an old simple uh investment added 0:10:19.720 --> 0:10:24.319 to out of saying that markets stopped going up when 0:10:24.360 --> 0:10:28.200 there's no more buyers, and markets stopped going down when 0:10:28.200 --> 0:10:31.640 there's no more sellers. And so if the bitcoin isn't 0:10:31.720 --> 0:10:35.199 on an exchange, then it's not looking likely to be sold, 0:10:35.559 --> 0:10:38.199 and if there's no more sellers, the price can't go 0:10:38.360 --> 0:10:41.360 down anymore. That makes sense, and so that's why it's 0:10:41.400 --> 0:10:43.400 the bullish news. It's the bullish news. Now, some other 0:10:43.440 --> 0:10:45.480 news that I think is extremely bullish as well is 0:10:45.480 --> 0:10:48.000 that we can see that the bitcoin hash rate nears 0:10:48.040 --> 0:10:53.800 a record of two hundred equa hash um, which is amazing. 0:10:53.880 --> 0:10:56.400 So what does that mean, Well, the bitcoin network is 0:10:56.480 --> 0:10:59.080 protected by the miners, as Michael Saylor calls it, a 0:10:59.200 --> 0:11:03.439 wall of a cryptic energy, because you have all these computers, 0:11:03.440 --> 0:11:07.160 all these miners who have bought this you know, highly 0:11:07.200 --> 0:11:10.840 specialized computer. UM. A couple of years ago, there about 0:11:10.840 --> 0:11:12.640 three thousand bucks today these things are seven thousand and 0:11:12.679 --> 0:11:14.800 eight thousand, ten thousand dollars for a computer, and then 0:11:14.800 --> 0:11:17.240 they're spending you know, depends on the machine and where 0:11:17.280 --> 0:11:19.000 they're buying their power from, but they could be spending 0:11:19.000 --> 0:11:22.400 a couple hundred dollars a month on electricity, and so 0:11:22.600 --> 0:11:27.600 UM they the the amount of UH computer power that 0:11:27.720 --> 0:11:31.080 they used to help secure the network is hash. It's 0:11:31.160 --> 0:11:35.800 hash rate. And in May of we saw China UM 0:11:35.840 --> 0:11:37.680 that had its kind of a monopoly on the amount 0:11:37.720 --> 0:11:40.320 of miners that were in in their jurisdiction in China 0:11:41.040 --> 0:11:44.480 over the network. They shut it down overnight and just 0:11:44.559 --> 0:11:46.920 kicked it off and all those miners had to move. 0:11:47.000 --> 0:11:49.400 Most of them moved over to UH Texas, some of 0:11:49.440 --> 0:11:53.320 them moved over to Europe, etcetera. And so the hash rate, 0:11:53.360 --> 0:11:56.920 the amount of power computer power that was being used 0:11:56.960 --> 0:11:59.440 to secure the network, took a massive dip, right obviously 0:11:59.480 --> 0:12:01.400 makes sense when you cut off half of the network, 0:12:01.920 --> 0:12:05.560 UH makes sense, right, But as of December twenty the 0:12:05.559 --> 0:12:10.440 Bitcoin network network hash rate is the highest it's ever been. 0:12:10.840 --> 0:12:12.959 And so what's good about that is it's it's a resilience. 0:12:12.960 --> 0:12:15.880 So whenever you see the asset price UM a lot 0:12:15.880 --> 0:12:17.800 of times people say, oh, bitcoin is like the tulip, 0:12:17.920 --> 0:12:21.439 like a tulipmania. Right, Well, when the tulip bulb, when 0:12:21.440 --> 0:12:27.040 the tulipmania crashed, it never came back. When Bitcoin has 0:12:27.080 --> 0:12:29.200 crashed over and over and over again, and it comes 0:12:29.200 --> 0:12:31.680 back bigger, it comes back bigger, and it comes back bigger. 0:12:31.960 --> 0:12:34.599 That's not the same as a tulip mania, not the 0:12:34.640 --> 0:12:37.800 same as a beanie beanie babies, right, Like, Uh, we're 0:12:37.840 --> 0:12:42.160 talking about the most encrypted, the most secure computer network 0:12:42.160 --> 0:12:44.960 in the history of the world. And whenever it's crashed, 0:12:44.960 --> 0:12:46.800 it's come back stronger and stronger and so and to 0:12:46.880 --> 0:12:50.040 this point, the hash power the amount of people that 0:12:50.080 --> 0:12:53.280 are willing to sink massive amounts of money, like I said, 0:12:53.320 --> 0:12:56.640 it constantly upwards of ten dollars per computer and a 0:12:56.640 --> 0:13:00.240 few hundred dollars a month to run that thing. And um, 0:13:00.280 --> 0:13:02.360 if the network was dying, people wouldn't be dumping in 0:13:02.440 --> 0:13:05.319 billions of dollars to buy new computers and to build 0:13:05.400 --> 0:13:07.600 new facilities to run these things. But yet here we are. 0:13:08.320 --> 0:13:11.160 It not only recovered, it recovered and went back to 0:13:11.440 --> 0:13:13.840 it's the highest point's ever been, which is which is 0:13:13.880 --> 0:13:17.400 pretty amazing. Um, just like I said, shows the resiliency. Now, 0:13:17.440 --> 0:13:20.120 if all of these people who are much smarter than 0:13:20.160 --> 0:13:23.559 you and I are putting hundreds of billions of dollars 0:13:23.600 --> 0:13:27.320 into this what we call capex investment capital, are investing 0:13:27.360 --> 0:13:31.000 into their long term business. These smarter people are investing 0:13:31.080 --> 0:13:33.360 hundreds of billions of dollars into this long term strategy 0:13:33.360 --> 0:13:37.320 with bitcoin. That's very bullish, right. But what's also pretty 0:13:37.320 --> 0:13:39.959 bullish about this is there's been a big shift in 0:13:40.000 --> 0:13:44.120 the market. That's pretty cool. Now. Remember markets stop going 0:13:44.280 --> 0:13:48.199 down when there's no more sellers, right. Supply and demand 0:13:48.320 --> 0:13:52.319 drives the price of everything. So if there's more supply, 0:13:52.960 --> 0:13:55.320 then there is demand, there's more sellers than there are buyers, 0:13:55.679 --> 0:13:59.000 the price goes down. Simple. The opposite is true. If 0:13:59.040 --> 0:14:02.160 there's more people buy buying, more buyers than there are sellers, 0:14:02.200 --> 0:14:05.400 the price goes up. Right, It's simple. So we want 0:14:05.400 --> 0:14:08.200 to look at the that that equation. Now, in the past, 0:14:08.679 --> 0:14:12.240 we saw bitcoin miners that are producing the bitcoin. We're 0:14:12.240 --> 0:14:15.200 always selling the bitcoin. They need to sell the bitcoin 0:14:15.200 --> 0:14:16.920 because they need to pay off their equipment. They have 0:14:16.960 --> 0:14:19.720 to pay for their their their warehouse, their facility, they 0:14:19.760 --> 0:14:21.840 have to pay for the electricity, the three uousine they 0:14:21.920 --> 0:14:24.560 will have to pay the employees and the business owners 0:14:24.560 --> 0:14:26.520 and all those things, right, And so as they were 0:14:26.520 --> 0:14:28.720 making that bitcoin, they were selling it. But what we've 0:14:28.720 --> 0:14:31.960 seen is a big shift in the market. And I 0:14:31.960 --> 0:14:34.960 talked about this a few weeks ago. We saw, um, 0:14:35.000 --> 0:14:38.400 these these these bitcoin mining companies that they've all now 0:14:38.480 --> 0:14:41.200 come to the US and they're all going public and 0:14:41.240 --> 0:14:45.560 now they're raising money via public markets. And why that's 0:14:45.640 --> 0:14:50.360 important is because it's changed the makeup of this minor. 0:14:50.960 --> 0:14:53.320 And now because they've went and raised all of this 0:14:53.600 --> 0:14:59.320 money at almost free value, zero zero interest rate terms, 0:14:59.360 --> 0:15:03.240 almost um, they're not forced to sell the bitcoin anymore. 0:15:03.800 --> 0:15:06.680 So we had a market where every all the bitcoin mind, 0:15:06.800 --> 0:15:08.600 or a good majority of all the bitcoin mind every 0:15:08.680 --> 0:15:11.440 day was being sold into the market, and there was 0:15:11.520 --> 0:15:14.480 enough buyers to buy it, you know. But what if 0:15:14.520 --> 0:15:18.080 we take that new supply away and the miners aren't 0:15:18.080 --> 0:15:19.560 selling it. So that's what we're exactly seeing. So we 0:15:19.560 --> 0:15:22.960 see here figures from on chain analytics firm glass Node 0:15:23.000 --> 0:15:27.600 confirms the trend that the amount of bitcoin supply going 0:15:28.120 --> 0:15:32.200 from a liquid to an illiquid state is now one 0:15:32.400 --> 0:15:38.280 hundred thousand bitcoin per month. Dang that's a lot so 0:15:38.440 --> 0:15:40.480 and and it's and as a trend. So what they're 0:15:40.520 --> 0:15:43.200 doing is, um, all these miners went and got this money, 0:15:43.320 --> 0:15:45.640 they're not they don't need to sell the bitcoin anymore. 0:15:46.360 --> 0:15:47.760 They don't need to sell it, and so they're not, 0:15:48.560 --> 0:15:50.960 uh now they're putting it away. It's moving from a 0:15:51.000 --> 0:15:54.240 liquid to an illiquid state. What does that mean? So? 0:15:54.400 --> 0:15:57.800 Ill liquid coins are those coins that have been sent 0:15:57.880 --> 0:16:03.520 to an address with little history of spending and generally 0:16:03.640 --> 0:16:08.040 associated with investor accumulation and bowl market buyers. And so 0:16:08.280 --> 0:16:10.040 using glass Note is one of the companies that you 0:16:10.040 --> 0:16:12.640 can see all of this on chain data. And what 0:16:12.720 --> 0:16:14.440 we can see is we can see, like I said, 0:16:14.440 --> 0:16:17.160 it's it's open. It's anonymous. We don't know who owns 0:16:17.160 --> 0:16:19.640 these wallets, but it is open. We can see um 0:16:19.680 --> 0:16:22.600 all the different wallets, how many coins they hold, and 0:16:22.640 --> 0:16:25.320 we can also see how often coins are going in 0:16:25.400 --> 0:16:27.920 and out of those wallets as well. And so what 0:16:27.920 --> 0:16:31.000 we're seeing here is that what they're calling liquid coins 0:16:31.000 --> 0:16:33.200 are sent to an address with little history of spending. 0:16:33.480 --> 0:16:35.800 So they can lookally wallets and go, dang, they've been 0:16:35.800 --> 0:16:38.560 receiving all this bitcoin, but they never spend it. All 0:16:38.600 --> 0:16:41.400 they do is they they hold, they hold, they hold, 0:16:41.400 --> 0:16:44.800 they hold, And so we would just naturally assume that 0:16:45.080 --> 0:16:48.400 whoever owns those wallets against anonymous, but whoever owns those 0:16:49.160 --> 0:16:52.280 is accumulating bitcoin. They're not like us, They're not a trader. 0:16:52.560 --> 0:16:54.520 They're not you know, they're not trying to buy and 0:16:54.600 --> 0:16:57.560 just sell real quickly because all they're accumulating them. And 0:16:57.600 --> 0:16:59.680 so basically once they take them, it's almost like those 0:16:59.720 --> 0:17:02.560 coins there's going into a black box, a black hole, 0:17:02.960 --> 0:17:07.879 never to see the light of day again and again. 0:17:08.119 --> 0:17:09.720 Markets stop going down to the number sellers. And so 0:17:09.760 --> 0:17:14.160 they're taking a hundred thousand bitcoin per month off the market, 0:17:14.200 --> 0:17:17.120 which is pretty amazing, I think. And so you take 0:17:17.160 --> 0:17:20.440 into account that, um the majority of bitcoin is being 0:17:20.480 --> 0:17:23.520 taken off the off the exchanges. Remember only six percent 0:17:23.560 --> 0:17:26.320 of all bitcoin supply is sitting on exchanges. And then 0:17:26.440 --> 0:17:30.199 you have the bitcoin miners taking a hundred thousand bitcoin 0:17:30.240 --> 0:17:32.320 a month off the market and moving into an liquid state. 0:17:32.920 --> 0:17:36.280 That sounds like a leading indicator that tells me in 0:17:36.320 --> 0:17:39.520 the future bitcoins should continue to go higher because there's 0:17:39.680 --> 0:17:46.040 less people selling. Makes sense. Now, there's two very very 0:17:46.240 --> 0:17:49.600 very very rich people, billionaires that have some advice for 0:17:49.680 --> 0:17:52.560 us on what we should be looking at next. Um 0:17:52.600 --> 0:17:54.639 I like to look at the other smart people to 0:17:54.680 --> 0:17:55.960 see what they're doing. I want to tell you what 0:17:56.000 --> 0:17:57.879 these rich people are doing so you can do the 0:17:57.920 --> 0:18:00.280 same thing as them. You listen to the Mark Show. 0:18:00.280 --> 0:18:04.240 We're talking about bitcoin and cryptocurrencies and the decentralized revolution 0:18:04.280 --> 0:18:06.360 that's happening. We're gonna find out what the richest people 0:18:06.400 --> 0:18:08.119 in the world are doing next. So don't go away, 0:18:08.640 --> 0:18:10.720 all right, welcome back. You are listening to the Mark 0:18:10.800 --> 0:18:15.879 ma Show, and we're talking about bitcoin, Bitcoin, cryptocurrencies, the 0:18:15.920 --> 0:18:19.160 decentralized revolution. We're talking about this each and every week, 0:18:19.200 --> 0:18:20.840 so I hope that you're tuning in with me all 0:18:20.880 --> 0:18:24.080 the time. Try to make it the most important, the 0:18:24.080 --> 0:18:27.360 most profitable part of your week, bringing you the latest 0:18:27.440 --> 0:18:29.679 news of the week and the weekend, to keep you 0:18:29.800 --> 0:18:31.840 up to date on the latest breaking news. And of 0:18:31.880 --> 0:18:34.639 course I'm not gonna explain it to you. To give you, uh, 0:18:34.840 --> 0:18:37.679 give you the perspective on it that you need. We 0:18:37.800 --> 0:18:42.159 deep dive into education because you need to have the 0:18:42.240 --> 0:18:44.320 understanding of what's really going on behind the scenes. And 0:18:44.320 --> 0:18:46.440 of course I bring to you some of the best 0:18:46.520 --> 0:18:48.760 and brightest people in the space to you each and 0:18:48.760 --> 0:18:50.520 every week so we can pick their brains and we 0:18:50.560 --> 0:18:53.760 can learn from them. But today we're talking about right now, 0:18:53.760 --> 0:18:56.280 we're talking about some of the hottest news stories of 0:18:56.320 --> 0:18:58.159 the week, so you can be up to date. And 0:18:58.200 --> 0:19:02.560 we were talking about how um simply markets stopped going 0:19:02.560 --> 0:19:05.080 down when there's no more sellers, and so we're looking 0:19:05.119 --> 0:19:07.240 at the amount of buyers and sellers and trying to 0:19:07.359 --> 0:19:10.720 understand what that dynamic is, that's supply demand dynamic is 0:19:11.320 --> 0:19:14.359 and um I was explaining how UM almost we've been 0:19:14.400 --> 0:19:17.160 seeing this trend of all the bitcoin is coming off 0:19:17.200 --> 0:19:19.760 of exchange is being held in private wallts. And the 0:19:19.760 --> 0:19:21.520 reason why that's important is because when you pull it 0:19:21.560 --> 0:19:26.000 off into exchange, it's not liquid anymore, meaning um, you're 0:19:26.040 --> 0:19:28.360 probably not planning on selling it anytime soon. If you're 0:19:28.359 --> 0:19:30.199 planning on selling it sometimes soon, it would be on 0:19:30.320 --> 0:19:32.919 the exchange UM. And so that's super bullish, right, we're 0:19:32.920 --> 0:19:34.520 seeing all that come off. The other thing that's super 0:19:34.520 --> 0:19:36.919 bullish we talked about is that the miners are not 0:19:37.040 --> 0:19:39.200 selling their bitcoin. As a matter of fact, now they're 0:19:39.200 --> 0:19:41.800 taking a hundred thousand bitcoin a month off of the 0:19:41.840 --> 0:19:45.400