WEBVTT - How to Invest in Bitcoin Indirectly: Insights on MicroStrategy, Square, and Beyond

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<v Speaker 1>Earners. What's up.

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<v Speaker 2>You ever walk into a small business and everything just

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<v Speaker 2>works like The checkout is fast, the receipts are digital,

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<v Speaker 2>tipping is a breeze, and you're out the door before

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<v Speaker 2>the line even builds. Odds are they're using Square. We

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<v Speaker 2>love supporting businesses that run on Square because it just

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<v Speaker 2>at a pop up market, or even one of our

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<v Speaker 2>merch partners, Square makes it easy for them to take payments,

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<v Speaker 2>manage inventory, and run their business with confidence, all from

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<v Speaker 2>one simple system. If you're a business owner or even

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<v Speaker 2>just thinking about launching something soon, Square is hands down

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<v Speaker 1>On what matters most Ready.

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<v Speaker 2>To see how Square can transform your business, visit Square

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<v Speaker 2>dot com backslash go backslash eyl to learn more that

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<v Speaker 2>by P and C Bank, a lot of people think

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<v Speaker 2>podcasts about work are boring, and sure they definitely can be,

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<v Speaker 3>So speaking of a big care, what about like micro

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<v Speaker 3>Strategy who Yeah, they said, have been making five hundred

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<v Speaker 3>million dollars a day on Bigcoin. So like companies like that,

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<v Speaker 3>would those be good to because those publicly traded companies stop?

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<v Speaker 3>Would those be good to invest in? And if so

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<v Speaker 3>at what?

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<v Speaker 1>At what price?

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<v Speaker 4>I think it's a good.

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<v Speaker 5>Way to invest in bitcoin in a non direct fashion.

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<v Speaker 5>It's been really interesting to see the bitcoin minus not

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<v Speaker 5>rally as much as bigcoin has. But yeah, I think

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<v Speaker 5>I keep saying that Michael Saylers and New Kathy was

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<v Speaker 5>so at some point, if y'all cared about Kathy because

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<v Speaker 5>she originated this bigcoin institutional strategy, y'all should go send

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<v Speaker 5>her a note and tell her thank you.

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<v Speaker 4>Mike.

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<v Speaker 5>But Michael strategy is a good way to get some

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<v Speaker 5>exposure to it. I know I've gotten killed about my

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<v Speaker 5>Square take, but if you look at some of the

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<v Speaker 5>things Square is doing, yeah, may want to keep your

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<v Speaker 5>eyes on what Jack and them are doing. I don't

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<v Speaker 5>know if he went and kissed the rain and yet

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<v Speaker 5>and if he's in there in a circle, uh, and

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<v Speaker 5>if him and Elin had made up, But if so,

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<v Speaker 5>Square shit bounced. But they they've been doing pretty well.

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<v Speaker 5>But isn't And I love Michael Taylor, but isn't five

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<v Speaker 5>hundred million a day like one hundred and forty billion

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<v Speaker 5>dollars or something like that.

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<v Speaker 1>In a quarter? You're talking like Amazon numbers.

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<v Speaker 4>Did he say five hundred million today?

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<v Speaker 1>That's a lot.

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<v Speaker 4>That's Apple's doing ninety four billion a year.

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<v Speaker 1>That's a lot.

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<v Speaker 5>So maybe it was five hundred a month. I don't know. Well,

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<v Speaker 5>we'll see when a report comes out. But micro strategy

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<v Speaker 5>is a good way to get exposure to bitcoin. If

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<v Speaker 5>you can't afford it at ninety thousand per coin for sure.

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<v Speaker 2>Yeah, we talked about some ETFs to if you're not

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<v Speaker 2>in bitcoin, obviously with black Rock over the past year,

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<v Speaker 2>and they've done an ethereum one as well.

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<v Speaker 1>But yeah, when I started.

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<v Speaker 2>Looking at the economy that goes around bitcoin, obviously you've

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<v Speaker 2>seen what coin has done. Coin Base, which is publicly

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<v Speaker 2>traded micros strategy has just been incredible. But Square, like

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<v Speaker 2>I said, man and we had this conversation a little earlier,

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<v Speaker 2>but if you watch what it's doing right, this is

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<v Speaker 2>still a fintech company. But their commitment that they made

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<v Speaker 2>in twenty twenty, which at the time even Jack Dorsey

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<v Speaker 2>apologized for. He said, like, we're not going to continue

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<v Speaker 2>doing this. They're commitment into bitcoin is now starting to

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<v Speaker 2>pay off. And it's not because they're selling pit coin

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<v Speaker 2>to they're trading it. It's actually because they actually sell

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<v Speaker 2>the equipment for firms that mine it. So this is

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<v Speaker 2>another business that's being built around the economy of cryptocurrency

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<v Speaker 2>and bitcoin specifically, which is interesting because it plays a

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<v Speaker 2>part in the AI development too, which is absolutely we

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<v Speaker 2>don't even look at it right At the time, we

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<v Speaker 2>were trying to figure out when we're mining bitcoin, how

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<v Speaker 2>can we do it faster? What are the semiconductors that

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<v Speaker 2>can help us do it? Those semiconductors now turn into

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<v Speaker 2>what we're going to be used, and now they are

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<v Speaker 2>used for artificial intelligence. Right, so we're talking about the

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<v Speaker 2>nanometer chip, we're talking about five, we're talking about three.

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<v Speaker 2>So Square has actually created the three nanometer mining chip

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<v Speaker 2>four bitcoin, and I think everybody needs to pay attention

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<v Speaker 2>to that because that's what's going to be used very shortly.

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<v Speaker 2>I think they start they created in April of last year,

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<v Speaker 2>but it's starting to be de deployed now and the

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<v Speaker 2>largest bitcoin minor, which is corz Core Scientific, they're using

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<v Speaker 2>it exclusively. And so when we're watching Square, this is

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<v Speaker 2>not just a fintech company now, right they've changed their

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<v Speaker 2>name to block because of the blockchain, but we're starting

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<v Speaker 2>to see the impact that bitcoin and cryptocurrency specifically is

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<v Speaker 2>having inside of his business. They're not just relying on Hey,

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<v Speaker 2>we were a fintech company. Now cryptocurrency has his fingerprints

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<v Speaker 2>all over this company. And if you look at this chart.

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<v Speaker 2>I said this the other night, there's something interesting happened

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<v Speaker 2>over there. We're we're going to watch this and start

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<v Speaker 2>this even more closely over the next couple of months.

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<v Speaker 5>It's crazy to change your name to block and get

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<v Speaker 5>blocked out the cryptocurrency industry because Elon Maddo.

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<v Speaker 4>You, yeah, the browards are really interesting.

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<v Speaker 1>Heat down. He actually came out and apologized.

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<v Speaker 2>So now to see a year later, Hey, we're going

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<v Speaker 2>to cut back on I think they were trying to

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<v Speaker 2>do Web five. They were like trying to be so

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<v Speaker 2>far ahead and like, all right, let's just focus on

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<v Speaker 2>this because this is promising and we have something here.

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<v Speaker 1>Yeah.

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<v Speaker 5>I do like the one thing I do love about

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<v Speaker 5>Michael Sadler's strategy, though at least he's putting his money

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<v Speaker 5>where his mouth is and investing heavily into it. I

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<v Speaker 5>know Citron had the report that came out. It was

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<v Speaker 5>interesting to see his reply. I can't wait till the

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<v Speaker 5>reporting because I know they had some profit margin issues

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<v Speaker 5>prior to but I'm looking to see when this report

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<v Speaker 5>comes out what the profit margin looks like as well.

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<v Speaker 5>But everyone's just really redoing the Vanguard's strategy like this

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<v Speaker 5>Bitcoin by bitcoin strategy on the institutional side reminds me

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<v Speaker 5>of bogos etf and Indexcellent strategy just at a different sector,

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<v Speaker 5>which has worked incredibly.

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<v Speaker 4>Well for Vanguard and black Rock on State Street.

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<v Speaker 5>So we are in a currency and capital war from

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<v Speaker 5>the titans of business right now.

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<v Speaker 4>Everybody on art is your competition.

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<v Speaker 6>An illegal alien from Guatemala charged with raping a child

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<v Speaker 6>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 6>filming and selling child pornography in Michigan. These are just

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<v Speaker 6>some of the heinous migrant criminals caught because of President

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<v Speaker 6>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 6>crossings are at the lowest levels ever recorded, and over

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<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 6>are here illegally, your next you will be fine nearly

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<v Speaker 6>one thousand dollars a day, imprisoned and deported. You will

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<v Speaker 6>never return. But if you register using our CBP home

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<v Speaker 6>app and leave now, you could be allowed to return legally.

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<v Speaker 6>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 6>border and families will be protected.

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<v Speaker 4>Sponsored by the United States Department of Homeland Security,