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Speaker 3: So speaking of a big care, what about like micro
Speaker 3: Strategy who Yeah, they said, have been making five hundred
Speaker 3: million dollars a day on Bigcoin. So like companies like that,
Speaker 3: would those be good to because those publicly traded companies stop?
Speaker 3: Would those be good to invest in? And if so
Speaker 3: at what?
Speaker 1: At what price?
Speaker 4: I think it's a good.
Speaker 5: Way to invest in bitcoin in a non direct fashion.
Speaker 5: It's been really interesting to see the bitcoin minus not
Speaker 5: rally as much as bigcoin has. But yeah, I think
Speaker 5: I keep saying that Michael Saylers and New Kathy was
Speaker 5: so at some point, if y'all cared about Kathy because
Speaker 5: she originated this bigcoin institutional strategy, y'all should go send
Speaker 5: her a note and tell her thank you.
Speaker 4: Mike.
Speaker 5: But Michael strategy is a good way to get some
Speaker 5: exposure to it. I know I've gotten killed about my
Speaker 5: Square take, but if you look at some of the
Speaker 5: things Square is doing, yeah, may want to keep your
Speaker 5: eyes on what Jack and them are doing. I don't
Speaker 5: know if he went and kissed the rain and yet
Speaker 5: and if he's in there in a circle, uh, and
Speaker 5: if him and Elin had made up, But if so,
Speaker 5: Square shit bounced. But they they've been doing pretty well.
Speaker 5: But isn't And I love Michael Taylor, but isn't five
Speaker 5: hundred million a day like one hundred and forty billion
Speaker 5: dollars or something like that.
Speaker 1: In a quarter? You're talking like Amazon numbers.
Speaker 4: Did he say five hundred million today?
Speaker 1: That's a lot.
Speaker 4: That's Apple's doing ninety four billion a year.
Speaker 1: That's a lot.
Speaker 5: So maybe it was five hundred a month. I don't know. Well,
Speaker 5: we'll see when a report comes out. But micro strategy
Speaker 5: is a good way to get exposure to bitcoin. If
Speaker 5: you can't afford it at ninety thousand per coin for sure.
Speaker 2: Yeah, we talked about some ETFs to if you're not
Speaker 2: in bitcoin, obviously with black Rock over the past year,
Speaker 2: and they've done an ethereum one as well.
Speaker 1: But yeah, when I started.
Speaker 2: Looking at the economy that goes around bitcoin, obviously you've
Speaker 2: seen what coin has done. Coin Base, which is publicly
Speaker 2: traded micros strategy has just been incredible. But Square, like
Speaker 2: I said, man and we had this conversation a little earlier,
Speaker 2: but if you watch what it's doing right, this is
Speaker 2: still a fintech company. But their commitment that they made
Speaker 2: in twenty twenty, which at the time even Jack Dorsey
Speaker 2: apologized for. He said, like, we're not going to continue
Speaker 2: doing this. They're commitment into bitcoin is now starting to
Speaker 2: pay off. And it's not because they're selling pit coin
Speaker 2: to they're trading it. It's actually because they actually sell
Speaker 2: the equipment for firms that mine it. So this is
Speaker 2: another business that's being built around the economy of cryptocurrency
Speaker 2: and bitcoin specifically, which is interesting because it plays a
Speaker 2: part in the AI development too, which is absolutely we
Speaker 2: don't even look at it right At the time, we
Speaker 2: were trying to figure out when we're mining bitcoin, how
Speaker 2: can we do it faster? What are the semiconductors that
Speaker 2: can help us do it? Those semiconductors now turn into
Speaker 2: what we're going to be used, and now they are
Speaker 2: used for artificial intelligence. Right, so we're talking about the
Speaker 2: nanometer chip, we're talking about five, we're talking about three.
Speaker 2: So Square has actually created the three nanometer mining chip
Speaker 2: four bitcoin, and I think everybody needs to pay attention
Speaker 2: to that because that's what's going to be used very shortly.
Speaker 2: I think they start they created in April of last year,
Speaker 2: but it's starting to be de deployed now and the
Speaker 2: largest bitcoin minor, which is corz Core Scientific, they're using
Speaker 2: it exclusively. And so when we're watching Square, this is
Speaker 2: not just a fintech company now, right they've changed their
Speaker 2: name to block because of the blockchain, but we're starting
Speaker 2: to see the impact that bitcoin and cryptocurrency specifically is
Speaker 2: having inside of his business. They're not just relying on Hey,
Speaker 2: we were a fintech company. Now cryptocurrency has his fingerprints
Speaker 2: all over this company. And if you look at this chart.
Speaker 2: I said this the other night, there's something interesting happened
Speaker 2: over there. We're we're going to watch this and start
Speaker 2: this even more closely over the next couple of months.
Speaker 5: It's crazy to change your name to block and get
Speaker 5: blocked out the cryptocurrency industry because Elon Maddo.
Speaker 4: You, yeah, the browards are really interesting.
Speaker 1: Heat down. He actually came out and apologized.
Speaker 2: So now to see a year later, Hey, we're going
Speaker 2: to cut back on I think they were trying to
Speaker 2: do Web five. They were like trying to be so
Speaker 2: far ahead and like, all right, let's just focus on
Speaker 2: this because this is promising and we have something here.
Speaker 1: Yeah.
Speaker 5: I do like the one thing I do love about
Speaker 5: Michael Sadler's strategy, though at least he's putting his money
Speaker 5: where his mouth is and investing heavily into it. I
Speaker 5: know Citron had the report that came out. It was
Speaker 5: interesting to see his reply. I can't wait till the
Speaker 5: reporting because I know they had some profit margin issues
Speaker 5: prior to but I'm looking to see when this report
Speaker 5: comes out what the profit margin looks like as well.
Speaker 5: But everyone's just really redoing the Vanguard's strategy like this
Speaker 5: Bitcoin by bitcoin strategy on the institutional side reminds me
Speaker 5: of bogos etf and Indexcellent strategy just at a different sector,
Speaker 5: which has worked incredibly.
Speaker 4: Well for Vanguard and black Rock on State Street.
Speaker 5: So we are in a currency and capital war from
Speaker 5: the titans of business right now.
Speaker 4: Everybody on art is your competition.
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