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Speaker 1: The shocking math how bitcoin will reach forty three billion dollars.

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Speaker 1: We're going to break down the math. Now, in life,

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Speaker 1: there are no such things on certainties. There's only probabilities,

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Speaker 1: and we bet on those probabilities every single day. That's

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Speaker 1: exactly what markets are. And Bitcoin has beaten the odds

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Speaker 1: over and over. It's been called dead hundreds of times,

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Speaker 1: it's crashed dozens of times, and yet it keeps coming

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Speaker 1: back stronger every single time. And now today it's crossing

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Speaker 1: what we call the chasm as we see Blackrock and

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Speaker 1: Fidelity adding millions of people. We have three US presidential

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Speaker 1: candidates openly discussing bitcoin, and so today for those of

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Speaker 1: you with an open mind and are willing to understand

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Speaker 1: that again, everything in life is a probability, I'm going

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Speaker 1: to break down the math. I'm going to break down

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Speaker 1: the future potential of Bitcoin like it's never been done before.

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Speaker 1: I'm going to show you the odds. I'm going to

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Speaker 1: show you the path it will take. We're going to

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Speaker 1: look at the different price points along the way, the timeframes,

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Speaker 1: and of course how to play this. If you're a

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Speaker 1: huge bitcoin skeptic or you're a diehard bitcoin believer either way,

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Speaker 1: this is for you, So let's go. All right, welcome back.

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Speaker 1: If you're new to the channel, my name is Mark Moss.

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Speaker 1: I make these videos, of course, to change the way

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Speaker 1: you think about money, because almost everything you've learned is

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Speaker 1: wrong and it's changing. We're talking about bitcoin, we're talking

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Speaker 1: about a new form of money, and most people don't

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Speaker 1: understand it because as my good friend Jeff Booth, who

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Speaker 1: will hear about later, he likes to say that it's

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Speaker 1: very hard to see a new system, to understand a

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Speaker 1: new system when you're stuck in an existing system. So look,

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Speaker 1: I get it. It's difficult. So have an open mind.

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Speaker 1: Now if you want the short answer, where is it going?

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Speaker 1: I'm going to break the down the math to how

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Speaker 1: we get to forty three billion and for some of

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Speaker 1: us in our lifetime. All right, I'm going to break

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Speaker 1: down the math, the path, all that. But first I

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Speaker 1: want to tell you a story. Last night I was

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Speaker 1: watching a brand new TV show. I think it was

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Speaker 1: called The Tracker. It's not super good. It was okay,

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Speaker 1: it was the very first episode that I saw. But

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Speaker 1: there's this guy and he goes and finds people like

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Speaker 1: people have rewards and bounties, things like that, but he

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Speaker 1: would throughout the show he kept saying, if we go now,

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Speaker 1: we have a ninety five percent chance, but if we

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Speaker 1: wait an hour, we only have a five percent chance.

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Speaker 1: If I hurry up and get you out now, I

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Speaker 1: think we have a fifty percent chance. But if we wait,

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Speaker 1: and he kept talking about probabilities all the time, we

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Speaker 1: have a probability of this. Now if we wait, my

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Speaker 1: probability drops to this. And probably I don't know, three,

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Speaker 1: four or five times throughout the show he would do that,

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Speaker 1: And that's how life is. So the first thing I

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Speaker 1: want to let you know is that all right. So

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Speaker 1: the problem that I see too many people making is

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Speaker 1: they think very linear. Everything's black or white, it's this

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Speaker 1: or that, there's no way this can happen, or there's

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Speaker 1: no way this can happen. And that's not how life works. Okay,

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Speaker 1: there's a world of possibilities. Everything is possible, and then

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Speaker 1: there's probabilities or percentages that we think that this can happen.

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Speaker 1: So you may be the biggest Bitcoin skeptic in the world,

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Speaker 1: but still ask yourself this question, are you one hundred

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Speaker 1: percent sure, one hundred percent guaranteed there's no way bitcoin

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Speaker 1: will ever succeed from here, And of course the answer

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Speaker 1: is no, you can't say that. Now you might say

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Speaker 1: there's a ninety percent chance, Okay, great, then that ten

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Speaker 1: percent you might want to listen, all right, does that

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Speaker 1: makes sense? So think about things in terms of and

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Speaker 1: let me break this down for you in what's going

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Speaker 1: to be a masterclass. So the short answer is, like

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Speaker 1: I said, forty three billion. If you just want to

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Speaker 1: shut it off right now, you could have just read

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Speaker 1: the title. But let me break down the mas for you.

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Speaker 1: But more for than they said, how does it get there?

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Speaker 1: And when? When does it happen? I bet those are

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Speaker 1: the questions that you want to know, and that's what

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Speaker 1: I'm going to break down. Okay, So if we start

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Speaker 1: to break this down, the very first thing we have

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Speaker 1: to understand is what is it? When in Silicon Valley

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Speaker 1: about fifteen years ago, when they were trying to raise

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Speaker 1: money for Uber, they would go, Hey, I have this

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Speaker 1: new app I'm building. I want to raise one hundred million,

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Speaker 1: and they'd say, what is it? Right, I'm a venture

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Speaker 1: capital investor of investing in venture cap for probably over

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Speaker 1: a dozen years now, that's what we do what is it?

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Speaker 2: So?

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Speaker 1: First of all, what is bitcoin? Is it a brand

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Speaker 1: new technology? Sure, yeah, it's technology. What is it disrupting? So, okay,

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Speaker 1: it's an app. Uber is an app. What is it disrupting.

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Speaker 1: It's disrupting the taxi industry, the limo industry, the ride

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Speaker 1: share industry. And then we look at how big those

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Speaker 1: markets are, and then we look at how much we

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Speaker 1: think you can pull from those We're going to break

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Speaker 1: the math down in a minute. But first, what is it? So? Yes,

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Speaker 1: it's a brand new technology, it's an app. What is

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Speaker 1: it doing? Well, it's sort of like money, a medium

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Speaker 1: of exchange. The white paper says it's peer to peer cash,

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Speaker 1: electronic cash, so we exchange it for money and meaning

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Speaker 1: of exchange. It's also a store of value, as we

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Speaker 1: call an soov. All right now, it is winning the

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Speaker 1: war of store value, which eventually could evolve into the

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Speaker 1: next stage. I'm going to break that evolutionary path down

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Speaker 1: for you so you can see the timeframe. But let's

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Speaker 1: just talk about the store value because I want to

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Speaker 1: simplify this, and I know it sounds crazy, but I'm

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Speaker 1: going to make it sound very conservative so we could

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Speaker 1: overshoot it. So let's just talk about the store of

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Speaker 1: value right now, all right, so what we can see

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Speaker 1: mini headlines that can continue to pull them. Goldman Sachs,

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Speaker 1: one of the biggest financial institutions in the United States

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Speaker 1: and the world, says bitcoin will not could not should,

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Speaker 1: but will compete with gold as store of value. This

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Speaker 1: is Goldman Sacks. We know that Larry Fink, the largest

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Speaker 1: asset manager in the world from black Rock Now, went

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Speaker 1: on TV a month ago saying that bitcoin is a

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Speaker 1: flight to safety. Right, so it's a store of value.

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Speaker 1: We know this. We can see Kathy Wood, who runs

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Speaker 1: one of the biggest tech funds in Wall Street. She

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Speaker 1: says that bitcoin describing bitcoin as both. So it's both,

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Speaker 1: it's multiple things. It's more things than we'll know in

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Speaker 1: the future. Both a store of value and a risk

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Speaker 1: off asset, meaning we use it to store wealth, but

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Speaker 1: we also use it to when there's times of risk

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Speaker 1: or high inflation. Wood emphasize that when compared to gold,

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Speaker 1: the upward trajectory hints at the possibility of overtaking gold

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Speaker 1: as a more valuable investment in the future. Okay, so

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Speaker 1: you can see this from any number of people. It

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Speaker 1: is a store of value. It's winning the store of value.

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Speaker 1: Bitcoin is like digital gold, all right, but it's better

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Speaker 1: than gold. I'm not going to break down all the

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Speaker 1: ways in this video. If you want a separate video

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Speaker 1: comparing bitcoin to gold, let me know. I can make

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Speaker 1: another video on that. But you have to understand that

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Speaker 1: it doesn't compete directly with gold, because it's better from

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Speaker 1: that standpoint. And again the markets tell us that that's

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Speaker 1: not just my opinion. If you're a goldbug, I am too.

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Speaker 1: I've been at goldbug since two thousand and eight. I

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Speaker 1: own gold, I talk about gold all the time. But

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Speaker 1: you still have to understand this. Don't be mad. This

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Speaker 1: is what the markets tell us. As a matter of fact,

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Speaker 1: we can see here the pace of inflows. Now we

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Speaker 1: have these new bitcoin ETFs, so the markets are now voting.

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Speaker 1: The pace of money going into the ETFs is remarkable.

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Speaker 1: In just fifteen days, In only fifteen days, the first

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Speaker 1: fifteen days open, the bitcoin ETFs attracted over twenty five

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Speaker 1: billion dollars, comparable to the market cap of the largest

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Speaker 1: gold producer, Bear Gold. Within fifteen days, more money went

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Speaker 1: into these bitcoin ETFs than the entire market cap of

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Speaker 1: the largest gold producer. Think about that we can see

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Speaker 1: right here, this unparalleled growth to the second largest assets

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Speaker 1: under management AUM among US commodity ETFs, establishing them as

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Speaker 1: the new digital gold. So they surpassed silver, and they

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Speaker 1: are growing way faster than gold ever did, and they're

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Speaker 1: catching up to At the rate they're at, they could

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Speaker 1: overtake gold in the next year. All right, So the

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Speaker 1: markets are telling us this, it's not just commentators, right,

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Speaker 1: But we have to also understand as a store of value,

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Speaker 1: it's not competing in an industry, right, So uber was

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Speaker 1: competing against taxis, Uber was competing against limousines. Bitcoin as

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Speaker 1: a store of value doesn't compete with industries. It's not

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Speaker 1: competing with Visa or PayPal. For people to make those

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Speaker 1: comparisons as ridiculous. It's a store of value, So it

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Speaker 1: competes against other store of value assets. That's what's scoring.

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Speaker 1: That's what it's actually competing against. And we can see

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Speaker 1: that the market that it's going after, the market it's

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Speaker 1: competing in is value itself. Okay, so it's not It

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Speaker 1: is a new technology, but it's not Visa, it's not MasterCard,

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Speaker 1: it's not Facebook. It's competing against other store value assets

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Speaker 1: such as gold, for value itself. All right, hopefully that

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Speaker 1: makes sense. Now, we also have to realize that the

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Speaker 1: world has changed a lot, and what's happened is as

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Speaker 1: the world has rapidly changed money and our technology into

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Speaker 1: store of value has not. So we are in the

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Speaker 1: digital revolution. I'm sure you know that by now. You're

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Speaker 1: watching me over the internet, so of course you're part

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Speaker 1: of the digital revolution. What we've seen is that while

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Speaker 1: the digital revolution has digitized everything, music, movies, books, videos,

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Speaker 1: everything's become digitized, our money hasn't. And actually, this cool image,

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Speaker 1: all these images were created by chat GBT. Pretty interesting

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Speaker 1: and this shows us how all of these technologies have

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Speaker 1: become digitized, books, movies, music, et cetera. And the last

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Speaker 1: thing to be digitized that hasn't yet it's happening right

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Speaker 1: now is digitizing value, digitizing wealth. That's what we're doing

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Speaker 1: right now, and it's a monetary evolution. We have to

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Speaker 1: understand that what we use as money today, well gold

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Speaker 1: was money for five thousand years, has been an evolutionary

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Speaker 1: process and this is the next step, the digitization of value.

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Speaker 1: This is where it's compute. That's how big the market is. Okay, now,

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Speaker 1: let me just break this down to something that you

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Speaker 1: can understand, so we can have something to build off of. Okay, So,

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Speaker 1: as I said, gold was money for five thousand years, right,

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Speaker 1: So at the end of the day, we don't want money.

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Speaker 1: I know it's a shocking statement to make. I know

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Speaker 1: you want a lot of money. No, we don't want money.

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Speaker 1: What we want is the goods and services that money

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Speaker 1: buys us. We want food, we want clothes, we want

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Speaker 1: a house, we want to travel, things like that. We

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Speaker 1: want the goods and services. Gold or money is what

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Speaker 1: we use to get those things. And we can hold

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Speaker 1: our value, our wealth, our energy in that money until

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Speaker 1: we're ready to deploy it to get those goods and

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Speaker 1: service that we want. So if goods and services are

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Speaker 1: wealth and money is a way to acquire it, then

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Speaker 1: what we do is we take all the goods and

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Speaker 1: services of the world, the wealth divided by all the gold.

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Speaker 1: That's the price. It's a unit of account. Everything is

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Speaker 1: priced in gold or priced in money. So think about this.

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Speaker 1: Gold was money. It was the store of value for

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Speaker 1: five thousand years. It was the unit of account. Everything

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Speaker 1: was priced in Now gold because of technology, the world

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Speaker 1: started evolving and we had global trade, taking off globalization.

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Speaker 1: But gold's very slow. If I want to pay from

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Speaker 1: California somebody in New York with gold, it takes a

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Speaker 1: long time to get that gold there. So what we

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Speaker 1: did is we put the gold in the banks, and

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Speaker 1: the banks then used a ledger to say, hey, you

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Speaker 1: know from California. Now the guy in New York, now

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Speaker 1: on the ledger shows he has the gold. The golden

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Speaker 1: actually move. They just changed the ledger. That was a

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Speaker 1: new piece of technology, all right, but that didn't actually

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Speaker 1: solve anything. And so what we did is we created

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Speaker 1: paper dollars, Fiat money, paper dollars that represented the gold

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Speaker 1: in the bank. So we had one US dollar was

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Speaker 1: equal to twenty ounces of gold. Let me show you

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Speaker 1: the chart. This is the gold price chart for the

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Speaker 1: last one hundred years. So what we can see since

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Speaker 1: the eighteen hundreds, twenty US dollars equaled one ounce of gold.

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Speaker 1: Then in nineteen thirty three, I've talked about this extensively,

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Speaker 1: because all the gold went into the bank, the government

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Speaker 1: just took it all. They seized it all. They don't

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Speaker 1: want to say they seized it. They bought it from

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Speaker 1: you forcibly. What they did is they revalued it to

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Speaker 1: now be thirty five dollars for one ounce of gold.

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Speaker 1: You can see that twenty and then it was thirty

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Speaker 1: five this whole time. Now, this red line here is

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Speaker 1: where we ended the gold standard and we no longer

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Speaker 1: had relation to the price of gold. But the reason

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Speaker 1: why I want you to understand this for right now

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Speaker 1: is because at this time all the dollars in existence

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Speaker 1: were divided by all the gold, and it was twenty

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Speaker 1: dollars for every one ounce, and then it was thirty

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Speaker 1: five dollars. So they printed way too many of them.

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Speaker 1: That's why they had to seize the gold. Then they

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Speaker 1: took it was thirty five dollars for every one ounce

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Speaker 1: of gold. You're understanding this, But again, in nineteen seventy one,

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Speaker 1: we left the gold standard, and you can see by

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Speaker 1: this chart right here is where we left. Now, what

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Speaker 1: I did is I took a trend line, and you

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Speaker 1: can see the trend line we were on. And if

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Speaker 1: we hadn't left the gold standard here, we would have

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Speaker 1: about this much money in circulation today. This is the

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Speaker 1: M two chart. This shows how much dollars are in circulation. Okay,

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Speaker 1: so we would have about this much, but of course

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Speaker 1: they would have needed to get more gold. But then

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Speaker 1: nineteen seventy one we got a new trend line and

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Speaker 1: that took us to hear right around here. In the

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Speaker 1: year two thousand, we got a new trend line that

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Speaker 1: takes us to here. Two thousand and eight, we got

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Speaker 1: a new trend line that takes us to here. In

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Speaker 1: twenty twenty, we have a new trend line. And look

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Speaker 1: at that trend that we're on. Here's the problem. They've

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Speaker 1: added more of those paper currencies, but they didn't add

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Speaker 1: more gold because of course we're no longer on a

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Speaker 1: gold system, which is why you can see this right here.

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Speaker 1: All right, But you have to understand this to understand

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Speaker 1: where we're going. We had all the dollars in existence

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Speaker 1: divided by all the gold, and that's gone. But that's

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Speaker 1: the way it works, and we have to go back

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Speaker 1: to it. We are in a fifty two or in

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Speaker 1: about a fifty two year experiment that's gone horribly wrong.

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Speaker 1: I'll show you how it's gone horribly wrong in a minute. Okay,

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Speaker 1: So now that you understand that, you hear a lot

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Speaker 1: of people talking about maybe going back to the gold

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Speaker 1: stand the rise of bricks. Bricks are going to launch

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Speaker 1: their own gold back currency. You've heard me talk about

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Speaker 1: that extensively. You have Jim Rickards and Peter Schiff talking

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Speaker 1: about we're going to go back to gold. And the

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Speaker 1: reason why is because gold was money for five thousand years.

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Speaker 1: For fifty years, we've tried this little fiat experiment. It's

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Speaker 1: failed horribly wrong, and so the only way that governments

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Speaker 1: will get trust back into fiat currency is to back

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Speaker 1: it with something like gold. Again, you've heard that many times.

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Speaker 1: So this is how this would work. Let me break

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Speaker 1: it down. In the United States, there's about twenty trillion

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Speaker 1: dollars of currency of paper of fiat currency twenty tint

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Speaker 1: the US supposedly, I don't know if I believe this

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Speaker 1: holds eight thousand tons of gold. So then what you

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Speaker 1: would do is you would take the eight thousand tons

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Speaker 1: is two hundred and eighty two million ounces, So you

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Speaker 1: take the twenty trillion divided by the two hundred and

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Speaker 1: eighty two million ounces, and that would give you a

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Speaker 1: new gold price of seventy thousand dollars per ounce of gold.

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Speaker 1: At the twenty dollars per ounce of gold up until

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Speaker 1: ninety thirty three, the thirty five up to nine seventy one.

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Speaker 1: That's how it worked. And to go back to a

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Speaker 1: gold standard one hundred percent back this would be the

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Speaker 1: new math. That's why goldbugs want this to go back

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Speaker 1: to a gold standard, and they want to hold gold

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Speaker 1: because they think they're two thousand dollars an ounce gold

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Speaker 1: will go to seventy thousand ounce. It'd be pretty amazing

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Speaker 1: if that happened, although Big one's going to do better.

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Speaker 1: I'll break the math down now. We also have to

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Speaker 1: think globally, all right, because this is not just the

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Speaker 1: US the US dollars, the global observe currency bus of

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Speaker 1: the euro dollar going on, so we have to think globally.

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Speaker 1: So if we think globally, there's about eighty seven trillion

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Speaker 1: dollars globally and about we don't really know because China

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Speaker 1: doesn't really report it properly, but approximately one hundred and

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Speaker 1: eighty seven thousand tons of gold in the whole world,

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Speaker 1: all the gold in the world that's ever been brought

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Speaker 1: above ground is still above ground. It's not really a

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Speaker 1: consumable good. I think all the gold in the world

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Speaker 1: fits in like a football field. It's not even that much.

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Speaker 1: One hundred eighty seven thousand tons, which is six billion ounces.

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Speaker 1: So we take the eighty seven trillion dollars of currency

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Speaker 1: divided by the six billion ounces would give us about

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Speaker 1: a thirteen thousand dollars price per goal. Does that make sense? Okay?

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Speaker 1: So now that we've gone through that math, you're ready

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Speaker 1: to understand the next step in the process. Okay, So

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Speaker 1: you remember we've made a couple of cases here. Gold

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Speaker 1: was what we used to measure or price things in.

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Speaker 1: Wealth is goods and services, not gold. Wealth is the

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Speaker 1: goods and services. The gold is what it was priced in,

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Speaker 1: and so we had to divide the goods and services

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Speaker 1: by the wealth by the gold. So now what other

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Speaker 1: global assets are there? How do we measure how much

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Speaker 1: goods and services are out there? How much wealth is

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Speaker 1: out there? Well, there's a couple of ways we can

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Speaker 1: look at this. All of these global assets are well,

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Speaker 1: we're looking at the global assets right now for this

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Speaker 1: math in store of value assets. There's lots of assets,

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Speaker 1: but we don't store our wealth in all types of assets. So,

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Speaker 1: just for this exercise, being conservative, I know this sounds crazy,

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Speaker 1: we're only looking at what we call store of value assets,

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Speaker 1: things that you would put your money into such as

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Speaker 1: gold is a store of value asset real estate. Sure,

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Speaker 1: I have a house there, but I park my wealth

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Speaker 1: in real estate as well, bonds, stocks, things like that. Okay,

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Speaker 1: so if we look at that. Here's a chart from

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Speaker 1: Jesse Croasis. He did an amazing write up on this.

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Speaker 1: We're going to link to it in the description down

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Speaker 1: below if you want to read his rite up and

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Speaker 1: break down of this. But we have store of value

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Speaker 1: assets right here, gold, cars, other collectibles. So rich people

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Speaker 1: buy really old collectible cars, things like that, they store

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Speaker 1: their wealth in there. One of my buddies down the

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Speaker 1: streets got a couple Mustangs that are worth millions of dollars.

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Speaker 1: Pretty cool, doesn't drive them fine? Art of course, stock market, right,

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Speaker 1: we buy stock to put our wealth in their real estate,

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Speaker 1: Like I said, not just your home, but other real

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Speaker 1: estate that you invest in, bonds, and of course money.

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Speaker 1: If we add those up, we have twelve trillion dollars

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Speaker 1: in gold, six trillion in collectibles, eighteen trillion in fine art,

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Speaker 1: one hundred and fifteen trillion, and you do the math.

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Speaker 1: It totals nine hundred trillion dollars. If we add all

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Speaker 1: that up. Now again back to the uber example, uber

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Speaker 1: is going to disrupt taxis, limos vans. What percentage do

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Speaker 1: we think it can get from each of those markets?

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Speaker 1: So conservatively, do we think bitcoin could capture fifty percent

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Speaker 1: of the gold market cap? I think so, Golden Sacks,

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Speaker 1: this is going to overtake it. So fifty percent. That

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Speaker 1: puts bitcoin at six trillion, cars, other collectibles. It's not

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Speaker 1: going to take the whole thing. People like cars, people

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Speaker 1: like collectibles, people like fine art. But could it take

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Speaker 1: five percent? I think that's reasonable, fine art five percent,

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Speaker 1: sure stock market fifteen percent, I think reasonable, real estate

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Speaker 1: fifteen percent. Okay, bonds thirty percent, money thirty percent. That

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Speaker 1: brings us to two hundred trillion dollars just at those levels,

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Speaker 1: and this could happen over the next five, six, seven years.

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Speaker 1: All right, I'll get more to the timeframe. We'll break

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Speaker 1: this map down a little bit more. But that would

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Speaker 1: put it one bitcoin to ten million dollars. It's a

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Speaker 1: big number, ten million dollars just forgetting these pieces. Now.

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Speaker 1: We're not even adding all the other use cases, the

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Speaker 1: money exchanging, we're not including all the technologies being built

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Speaker 1: on bitcoin. We're just talking about store of value assets only,

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Speaker 1: all right, so you can see that math. Now let's

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Speaker 1: keep going here. Now, remember there's no such thing as certainties,

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Speaker 1: there's only probabilities. So is this a probable outcome? But

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Speaker 1: what we do know is pretty much certain, ninety nine

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Speaker 1: percent certain that FIAT is dead, FIAT is crashing. FIAT

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Speaker 1: was an experiment. We're fifty two years into this experiment,

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Speaker 1: five thousand years of using sound money, fifty two years

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Speaker 1: of FIAT, and it's dead. It's over. There's pretty much

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Speaker 1: no way I can continue from here. Like I said,

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Speaker 1: they're going to have to figure out a way to

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Speaker 1: bring some trust back into the system. So what options

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Speaker 1: do we have. Well, I did a video a couple

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Speaker 1: months ago in Amsterdam, or I gave a talk at

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Speaker 1: a conference in Amsdam a couple months ago. Let's go

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Speaker 1: ahead and just play this clip so you can hear it.

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Speaker 1: We can see this system is shifting. If you're paying attention,

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Speaker 1: they're buying gold. The problem is that already failed before.

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Speaker 1: We live in a information world today. We need money

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Speaker 1: to transfer at the speed of our transactions over the internet,

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Speaker 1: and gold can't do that. Gold requires trust. Since gold

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Speaker 1: can't transfer immediately, are someone to hold a ledger and

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Speaker 1: if someone's holding the ledger, we must trust that person.

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Speaker 1: But trust is lost. So if that doesn't work, if

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Speaker 1: we don't go back to commodities, where do we go. Well,

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Speaker 1: the next solution is central bank digital currencies, because that

401
00:19:14,080 --> 00:19:18,359
Speaker 1: should fix everything. Right, The CBDCs seem to be the

402
00:19:18,400 --> 00:19:21,200
Speaker 1: next logical step. But the problem is I would call

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Speaker 1: this not de evolution, I'd call it zero evolution because

404
00:19:24,240 --> 00:19:27,480
Speaker 1: it's basically the exact same thing that we have right now.

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Speaker 1: It still allows US central banks to print unlimited amounts

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Speaker 1: of money. So if we have a problem of inless

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Speaker 1: money printing, then we need to fix it. We need

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Speaker 1: a solution that has a fixed supply, doesn't allow anybody

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Speaker 1: to have in this money printing. And in a multipolar world,

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Speaker 1: whether we're no longer in the current monetary order or

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Speaker 1: the current international order that we have today, a US

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Speaker 1: led order with a US dollar reserve currency in a

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Speaker 1: paper fiat monetary system, moving to a multipolar world, how

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Speaker 1: does the world move forward when there is no trust?

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00:20:06,359 --> 00:20:08,960
Speaker 1: In a world where trust is gone, it's almost like

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Speaker 1: we need a decentralized ledger that's trust lists. And so

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Speaker 1: in this new world order that we're going into, the

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00:20:17,320 --> 00:20:21,160
Speaker 1: question is left, if not bitcoined, then what all right,

419
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Speaker 1: so you can hear from there like the options are

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Speaker 1: one we go back to gold, but gold already failed

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Speaker 1: because it's old technology. We live in a world of

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Speaker 1: instant transactions and we need instant settlement, but gold can

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Speaker 1: never do that without adding debt and adding trust in

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Speaker 1: the system, which there is no trust in the system anymore.

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Speaker 1: So gold doesn't work. The other option is well, a CBDC,

426
00:20:41,720 --> 00:20:43,840
Speaker 1: but that's basically still FIAT and the problem is the

427
00:20:43,920 --> 00:20:46,680
Speaker 1: unlimited money printing in the debt, so that doesn't fix

428
00:20:46,720 --> 00:20:49,879
Speaker 1: it either. So, as I put in the question at

429
00:20:49,920 --> 00:20:52,560
Speaker 1: the end of debt presentation, if not bitcoined, then what

430
00:20:53,160 --> 00:20:56,000
Speaker 1: So it's not guaranteed, but is it at least probable?

431
00:20:56,200 --> 00:20:58,600
Speaker 1: Do you think there's a twenty percent chance that people

432
00:20:58,680 --> 00:21:01,280
Speaker 1: move to it? I mean, we're certainly seeing that happen now.

433
00:21:01,640 --> 00:21:04,240
Speaker 1: Is there a thirty, forty fifty percent chance. We'll come

434
00:21:04,320 --> 00:21:06,639
Speaker 1: back to that in a second. Let's look at some

435
00:21:06,680 --> 00:21:08,560
Speaker 1: of the time frames that is happening on now. Remember

436
00:21:08,720 --> 00:21:10,760
Speaker 1: I said this is an evolutionary process. One of the

437
00:21:10,800 --> 00:21:13,600
Speaker 1: biggest problems that people have with understanding this is they

438
00:21:13,640 --> 00:21:16,400
Speaker 1: expect way too much too soon. Imagine you and I

439
00:21:16,560 --> 00:21:19,239
Speaker 1: walking through a forest of redwoods and we find this

440
00:21:19,280 --> 00:21:21,040
Speaker 1: little tree like this big, and I'm like, oh my gosh,

441
00:21:21,080 --> 00:21:22,679
Speaker 1: look at this little tree. Look how cool it is. Can

442
00:21:22,720 --> 00:21:26,080
Speaker 1: you imagine that this tree one day is going to

443
00:21:26,080 --> 00:21:27,920
Speaker 1: be as big as these other trees? And You're like, Oh,

444
00:21:28,000 --> 00:21:30,440
Speaker 1: that's stupid, Mark, that tree will never be that big.

445
00:21:30,480 --> 00:21:32,360
Speaker 1: Look how small it is. How could it ever grow

446
00:21:32,400 --> 00:21:36,800
Speaker 1: that big? And I'm like, but give it time, give

447
00:21:36,800 --> 00:21:38,680
Speaker 1: it a couple decades. It's like it'll get there. Right.

448
00:21:38,800 --> 00:21:41,160
Speaker 1: So you have to understand things take time, and there's

449
00:21:41,200 --> 00:21:43,840
Speaker 1: an evolutionary path that things have to go down. Another

450
00:21:44,000 --> 00:21:47,520
Speaker 1: image by chat GBT showing this evolutionary path. So what

451
00:21:47,560 --> 00:21:49,000
Speaker 1: am I talking about? Let's take a look at this

452
00:21:49,040 --> 00:21:52,159
Speaker 1: evolutionary path. So remember, as I said money, If you

453
00:21:52,240 --> 00:21:56,720
Speaker 1: study thousands of years of history of money, rocks, feathers, seashells, gold,

454
00:21:56,800 --> 00:21:59,160
Speaker 1: you understand it. It was always emergent and it was always

455
00:21:59,160 --> 00:22:03,200
Speaker 1: an evolution. Happens is it starts right here as a collectible.

456
00:22:03,400 --> 00:22:05,160
Speaker 1: Oh this is a pretty cool rock. I think I'm

457
00:22:05,160 --> 00:22:06,879
Speaker 1: going to keep it. It's a collectible. Oh look at

458
00:22:06,880 --> 00:22:09,120
Speaker 1: this baseball card, This Pokemon card. I like this, I'll

459
00:22:09,160 --> 00:22:12,120
Speaker 1: collect it. Now, there's a lot of things that become collectibles.

460
00:22:12,240 --> 00:22:17,280
Speaker 1: But if maybe, sometimes they could evolve to the next stage,

461
00:22:17,840 --> 00:22:22,399
Speaker 1: which could become a store of value. So baseball cards

462
00:22:22,400 --> 00:22:24,679
Speaker 1: are stores of value. Some people store millions of dollars

463
00:22:24,760 --> 00:22:30,000
Speaker 1: in baseball cards, Pokemon cards, watches. Not all collectibles make

464
00:22:30,080 --> 00:22:33,240
Speaker 1: the evolution to store value, but a lot do. Now

465
00:22:33,320 --> 00:22:39,800
Speaker 1: if maybe, if they have the right attributes of money, portable, divisible, durable, recognizable,

466
00:22:39,840 --> 00:22:42,840
Speaker 1: things like that, then maybe it could evolve to the

467
00:22:42,880 --> 00:22:47,679
Speaker 1: next stage from a store value to a medium of exchange. Okay,

468
00:22:47,720 --> 00:22:49,840
Speaker 1: so now it's big enough, it's a big enough asset class,

469
00:22:49,880 --> 00:22:52,280
Speaker 1: it's widely accepted, it has that right attributes, like I said,

470
00:22:52,320 --> 00:22:54,360
Speaker 1: and now people use it as a medium exchange. And

471
00:22:54,400 --> 00:22:58,600
Speaker 1: then maybe, if potentially, if it could, we could evolve

472
00:22:58,600 --> 00:23:01,000
Speaker 1: to the next stage, which is a unit of account,

473
00:23:01,119 --> 00:23:04,639
Speaker 1: which means everything's priced in that thing. Now. Right now,

474
00:23:04,680 --> 00:23:07,960
Speaker 1: everything's priced in dollars. Oil's priced in dollars, gold priced

475
00:23:07,960 --> 00:23:10,200
Speaker 1: in dollars. Most of the world prices things in dollars

476
00:23:10,240 --> 00:23:12,520
Speaker 1: because it is the currency of the world. Now some

477
00:23:12,520 --> 00:23:14,760
Speaker 1: countries have other currencies, but you get my point. You're

478
00:23:14,760 --> 00:23:17,440
Speaker 1: still pricing it in that currency. So this is the

479
00:23:17,480 --> 00:23:21,120
Speaker 1: evolutionary path. I think we are somewhere right around here.

480
00:23:22,000 --> 00:23:24,720
Speaker 1: We've already checked all these boxes and we have a

481
00:23:24,720 --> 00:23:27,720
Speaker 1: little bit ways to go. Now, what time frame are

482
00:23:27,720 --> 00:23:29,600
Speaker 1: we looking at? All? Right? I showed you the path.

483
00:23:29,960 --> 00:23:32,160
Speaker 1: What is the time frame? Now? That evolutionary path doesn't

484
00:23:32,160 --> 00:23:35,800
Speaker 1: mean it's guaranteed. Remember life is about probabilities, but we

485
00:23:35,840 --> 00:23:38,800
Speaker 1: can continue to watch that now over what time frame? Now,

486
00:23:38,840 --> 00:23:42,040
Speaker 1: when you look back through technological revolutions, you realize they

487
00:23:42,080 --> 00:23:44,760
Speaker 1: happen about every fifty years. You've heard me talk extensively

488
00:23:44,760 --> 00:23:48,280
Speaker 1: about technology cycles. So this is a path. This is

489
00:23:48,320 --> 00:23:52,719
Speaker 1: where bitcoin started right here, and we are sitting somewhere

490
00:23:52,800 --> 00:23:56,160
Speaker 1: right about here right now, we're in this path. You're

491
00:23:56,240 --> 00:23:59,000
Speaker 1: not too late. We still have all this to go

492
00:23:59,440 --> 00:24:01,879
Speaker 1: right here before we start to level out. And I

493
00:24:01,880 --> 00:24:04,760
Speaker 1: think we really see all this happen by about twenty fifty.

494
00:24:04,920 --> 00:24:06,320
Speaker 1: So I don't know where you're at in your stage

495
00:24:06,320 --> 00:24:08,440
Speaker 1: of life right now. You could be alive to see

496
00:24:08,440 --> 00:24:11,639
Speaker 1: this happen. Now, none of this is guaranteed, but this

497
00:24:11,800 --> 00:24:14,919
Speaker 1: is the most probable outcome going back to old technology

498
00:24:14,920 --> 00:24:19,280
Speaker 1: of gold or what that's the question, and you can

499
00:24:19,320 --> 00:24:22,679
Speaker 1: see we're rapidly heading for this. Now we're literally living

500
00:24:22,760 --> 00:24:26,119
Speaker 1: through this. We're literally watching this revolution. We're watching this

501
00:24:26,200 --> 00:24:30,200
Speaker 1: financial revolution cycle end right in front of us. Okay, great,

502
00:24:30,240 --> 00:24:34,679
Speaker 1: So now you understand what it's attacking value itself. You

503
00:24:34,760 --> 00:24:38,000
Speaker 1: understand that's the evolutionary path and what that process looks like.

504
00:24:38,000 --> 00:24:41,480
Speaker 1: You understand the time frame. Now let's talk about the prices. Now.

505
00:24:41,640 --> 00:24:44,240
Speaker 1: I talked about forty three billion, you know, in fifty

506
00:24:44,240 --> 00:24:46,879
Speaker 1: sixty years from now, but where is it in a

507
00:24:46,960 --> 00:24:49,119
Speaker 1: year from now, or four or five years from now,

508
00:24:49,280 --> 00:24:51,119
Speaker 1: seven or eight years from now. Let's talk about that

509
00:24:51,160 --> 00:24:53,679
Speaker 1: for now, all right, So, how Finny was one of

510
00:24:53,720 --> 00:24:57,720
Speaker 1: the main developers that developed bitcoin. He worked with Satoshi Nakamoto, which, yes,

511
00:24:57,840 --> 00:24:59,520
Speaker 1: nobody knows who he is, but we know lots of

512
00:24:59,560 --> 00:25:02,399
Speaker 1: the other helopers that worked on it with Satoshi, including

513
00:25:02,440 --> 00:25:06,199
Speaker 1: howf any Adam back, Nigsabo, et cetera. So how Finnie

514
00:25:06,200 --> 00:25:09,160
Speaker 1: was a developer. Now, back in two thousand and nine

515
00:25:09,240 --> 00:25:10,840
Speaker 1: when it was released, we just got a whole bunch

516
00:25:10,920 --> 00:25:14,280
Speaker 1: of Satoshi's emails released to the public. We can see

517
00:25:14,280 --> 00:25:17,159
Speaker 1: this was January tenth, two thousand and nine, and he

518
00:25:17,240 --> 00:25:20,760
Speaker 1: said here announcing the first release of bitcoin. Pretty cool,

519
00:25:21,040 --> 00:25:23,080
Speaker 1: but we can see through those emails. I sort of

520
00:25:23,080 --> 00:25:25,479
Speaker 1: summarized it here so you can see it easier. How

521
00:25:25,560 --> 00:25:30,200
Speaker 1: Finny predicted twenty two million dollar bitcoin. This was back

522
00:25:30,200 --> 00:25:31,960
Speaker 1: in two thousand and nine when it was first released.

523
00:25:32,119 --> 00:25:34,960
Speaker 1: He said, not based on mere speculation, but rather on

524
00:25:35,040 --> 00:25:39,760
Speaker 1: a thoughtful analysis of bitcoin's potential as a global payment system.

525
00:25:39,960 --> 00:25:41,720
Speaker 1: So he back into the math sort of the same

526
00:25:41,720 --> 00:25:44,280
Speaker 1: way I am. The collective value of bitcoin would align

527
00:25:44,560 --> 00:25:47,040
Speaker 1: with the total wealth of the world. Wealth of the

528
00:25:47,040 --> 00:25:49,840
Speaker 1: world divided by the asset unit of account, which he

529
00:25:50,000 --> 00:25:51,960
Speaker 1: estimated to be within the range of one hundred trillion

530
00:25:52,000 --> 00:25:54,520
Speaker 1: to three hundred trillion dollars. That was in two thousand

531
00:25:54,520 --> 00:25:57,840
Speaker 1: and nine. Today it's about nine hundred trillion dollars. By

532
00:25:57,840 --> 00:25:59,840
Speaker 1: dividing this value among the limited supply of twenty one

533
00:25:59,840 --> 00:26:04,280
Speaker 1: mister bitcoin, Finney came up with a twenty two million

534
00:26:04,359 --> 00:26:06,680
Speaker 1: dollar price per bitcoin. That was in two thousand and nine,

535
00:26:06,680 --> 00:26:07,920
Speaker 1: when it was first invented. You could have picked it

536
00:26:07,960 --> 00:26:10,080
Speaker 1: up for a couple of pennies. But he saw that

537
00:26:10,200 --> 00:26:13,960
Speaker 1: vision that we're rapidly heading towards. What about let's hear

538
00:26:14,000 --> 00:26:18,680
Speaker 1: from Chamoth Chamoth is a prolific investor in Silicon Valley

539
00:26:18,960 --> 00:26:22,280
Speaker 1: early early, early into Facebook billionaire. Let's hear what he

540
00:26:22,359 --> 00:26:25,720
Speaker 1: had to say Bitcoin that falls into that category, because

541
00:26:25,720 --> 00:26:30,240
Speaker 1: that's what that is. Thirty nine thousand. Where's it going?

542
00:26:30,960 --> 00:26:33,320
Speaker 2: I mean, can you play the clip in twenty twelve

543
00:26:33,359 --> 00:26:35,720
Speaker 2: and thirteen when it was at two hundred and everybody

544
00:26:35,760 --> 00:26:37,920
Speaker 2: was laughing at me on CFPC every time I would

545
00:26:37,960 --> 00:26:41,439
Speaker 2: talk about bitcoin, where's it going? It's probably going to

546
00:26:41,480 --> 00:26:43,520
Speaker 2: one hundred and one hundred and fifty, then two hundred

547
00:26:43,520 --> 00:26:47,399
Speaker 2: thousand in what period I don't know, five years, ten years,

548
00:26:47,920 --> 00:26:50,640
Speaker 2: but it's going there. And the reason is because every

549
00:26:50,640 --> 00:26:54,760
Speaker 2: time you see all of this stuff happening, it just

550
00:26:54,800 --> 00:26:58,000
Speaker 2: reminds you that, wow, our leaders are not as trustworthy

551
00:26:58,000 --> 00:27:00,879
Speaker 2: and reliable as they used to be. And so just

552
00:27:00,960 --> 00:27:04,199
Speaker 2: in case, we really do need to have some kind of,

553
00:27:04,480 --> 00:27:07,080
Speaker 2: you know, insurance we can keep under our pillow that

554
00:27:07,240 --> 00:27:10,120
Speaker 2: gives us some access to an uncorrelated hedge.

555
00:27:10,560 --> 00:27:12,879
Speaker 1: All right now, mind you, this video is from twenty

556
00:27:13,000 --> 00:27:15,520
Speaker 1: twenty one, so he's talking about it going to one hundred,

557
00:27:15,560 --> 00:27:18,080
Speaker 1: one hundred and fifty all the way up to a

558
00:27:18,160 --> 00:27:21,199
Speaker 1: million dollars, which is certainly doing. He says a million

559
00:27:21,240 --> 00:27:25,879
Speaker 1: dollars by twenty forty. That's the timeframe he's on. What

560
00:27:25,960 --> 00:27:28,880
Speaker 1: else we have we have Fidelity. Fidelity is I think

561
00:27:28,920 --> 00:27:31,000
Speaker 1: the second largest asset manager in the US. They do

562
00:27:31,080 --> 00:27:33,959
Speaker 1: a lot of research on bitcoin. It's the second largest

563
00:27:33,960 --> 00:27:38,400
Speaker 1: bitcoin etf They predict a billion dollars for one bitcoin

564
00:27:38,480 --> 00:27:41,359
Speaker 1: by twenty thirty eight, twenty thirty eight. The director of

565
00:27:41,359 --> 00:27:45,000
Speaker 1: Global Macro Fidelity Investments thinks a single bitcoin could reach

566
00:27:45,119 --> 00:27:48,320
Speaker 1: one billion by the year twenty thirty eight. A lot

567
00:27:48,320 --> 00:27:50,280
Speaker 1: of what he's done is rooted and he's come up

568
00:27:50,280 --> 00:27:52,760
Speaker 1: with this from a bunch of angles. Specifically, he says

569
00:27:52,760 --> 00:27:55,320
Speaker 1: it's rooted in Metcalf's law, which is that a network

570
00:27:55,359 --> 00:27:58,320
Speaker 1: continues to grow faster and faster and faster becomes more valuable.

571
00:27:58,960 --> 00:28:00,760
Speaker 1: And he says it will grow to about one million

572
00:28:01,040 --> 00:28:04,720
Speaker 1: per bitcoin by twenty thirty so one million by twenty thirty,

573
00:28:05,000 --> 00:28:08,520
Speaker 1: one billion by twenty thirty eight. Based off of that.

574
00:28:08,800 --> 00:28:10,600
Speaker 1: Now fidealite, Like I said, they put out a ton

575
00:28:10,640 --> 00:28:13,040
Speaker 1: of good research and data on this, one of which

576
00:28:13,119 --> 00:28:16,119
Speaker 1: is this Metscalf's law, and you can see how this

577
00:28:16,280 --> 00:28:20,520
Speaker 1: price arc is working. It doesn't go up hyperbolically forever. Right,

578
00:28:20,600 --> 00:28:23,920
Speaker 1: it doesn't go up straight line. It starts to taper off,

579
00:28:24,080 --> 00:28:26,280
Speaker 1: but yet it still goes up. We have a million

580
00:28:26,320 --> 00:28:29,959
Speaker 1: dollar bitcoin, you know, right about here, and you can

581
00:28:30,000 --> 00:28:32,080
Speaker 1: see that. I'll have this other chart right here that

582
00:28:32,119 --> 00:28:34,680
Speaker 1: I think is really good fidelity put together. You can

583
00:28:34,720 --> 00:28:37,760
Speaker 1: get all this information directly off of their website. But

584
00:28:37,840 --> 00:28:40,240
Speaker 1: this shows the different analogs. So this is the price

585
00:28:40,320 --> 00:28:43,600
Speaker 1: the bitcoin price arc right here, and I know for

586
00:28:43,680 --> 00:28:46,000
Speaker 1: the bitcoin skeptics, I know it crashes, right, So it

587
00:28:46,000 --> 00:28:48,120
Speaker 1: goes super high, and then it crashes all the way

588
00:28:48,120 --> 00:28:50,840
Speaker 1: back down, and then it stays below the trend line.

589
00:28:50,840 --> 00:28:52,760
Speaker 1: And then it goes super high, and then it crashes

590
00:28:52,800 --> 00:28:54,600
Speaker 1: all the way down again, and it stays below the

591
00:28:54,600 --> 00:28:56,480
Speaker 1: trend and it crashes. It goes super high, and it

592
00:28:56,480 --> 00:28:58,920
Speaker 1: crashes all the way down. Now some people go, well,

593
00:28:58,960 --> 00:29:01,080
Speaker 1: why do wouldn't I just sell here and buy right here.

594
00:29:01,240 --> 00:29:03,680
Speaker 1: Sure you can certainly try that, or you could just

595
00:29:03,880 --> 00:29:06,360
Speaker 1: wait and sit and go along for the ride. Now,

596
00:29:06,520 --> 00:29:09,960
Speaker 1: what about me, where do I think it's going to go? Well,

597
00:29:10,040 --> 00:29:12,400
Speaker 1: I think a million dollars by twenty thirty seems pretty

598
00:29:12,480 --> 00:29:15,440
Speaker 1: realistic to me. We'll see again in the world of

599
00:29:15,560 --> 00:29:18,320
Speaker 1: possibilities and probabilities. I think it's highly probable we'll get there.

600
00:29:18,480 --> 00:29:20,920
Speaker 1: It's certainly not guaranteed, which is why I don't put

601
00:29:20,960 --> 00:29:22,760
Speaker 1: one hundred percent of my money in. We'll come back

602
00:29:22,800 --> 00:29:24,880
Speaker 1: to that in a minute. But I think in the

603
00:29:24,920 --> 00:29:27,120
Speaker 1: next eighteen months one hundred to one hundred and fifty

604
00:29:27,120 --> 00:29:30,360
Speaker 1: thousand dollars bitcoin is kind of what I'm thinking. That's

605
00:29:30,400 --> 00:29:32,920
Speaker 1: a two to three x return from here. I don't

606
00:29:32,920 --> 00:29:34,480
Speaker 1: know if any other asset I can put my money

607
00:29:34,480 --> 00:29:36,840
Speaker 1: into right now today that can get me that type

608
00:29:36,840 --> 00:29:39,240
Speaker 1: of return. So that's kind of what I'm thinking. All right.

609
00:29:39,280 --> 00:29:41,760
Speaker 1: So now that you have this information, what are you

610
00:29:41,800 --> 00:29:43,920
Speaker 1: going to do with it? What do you do? Well?

611
00:29:44,400 --> 00:29:47,520
Speaker 1: In the in the famous words of Satoshi Nakamoto, he

612
00:29:47,640 --> 00:29:50,920
Speaker 1: said that it might make sense to get some just

613
00:29:51,040 --> 00:29:54,720
Speaker 1: in case it catches on. So back to the world

614
00:29:54,960 --> 00:29:57,640
Speaker 1: of probabilities, all right, Just like that show I told

615
00:29:57,640 --> 00:30:00,680
Speaker 1: you I was watching, everything's a probability. So do you

616
00:30:00,880 --> 00:30:05,000
Speaker 1: think that there is a fifty percent chance that bitcoin

617
00:30:05,080 --> 00:30:06,760
Speaker 1: gets to one hundred and fifty thousand dollars in the

618
00:30:06,840 --> 00:30:10,360
Speaker 1: next two years? Okay, and it's at fifty thousand today,

619
00:30:10,640 --> 00:30:13,479
Speaker 1: that's a two x upside with a one x downside,

620
00:30:13,480 --> 00:30:16,200
Speaker 1: it's pretty good odds you have fifty percent conviction of that.

621
00:30:16,320 --> 00:30:19,000
Speaker 1: How much money should put in? Maybe put in fifty percent,

622
00:30:19,080 --> 00:30:21,440
Speaker 1: hold the other fifty percent you can average in so

623
00:30:21,480 --> 00:30:25,240
Speaker 1: you can you can buy it. You should secure it

624
00:30:25,280 --> 00:30:27,920
Speaker 1: and hold it, and you can either lump some in,

625
00:30:28,000 --> 00:30:30,160
Speaker 1: you can put that money in, or you can dollar

626
00:30:30,280 --> 00:30:33,800
Speaker 1: cost average in over time. So buy it. That's the

627
00:30:33,840 --> 00:30:36,360
Speaker 1: first thing. Do you have some do you have enough?

628
00:30:37,480 --> 00:30:40,200
Speaker 1: How much should you have it? Bait depends off your conviction.

629
00:30:40,320 --> 00:30:42,200
Speaker 1: Now what we're seeing Wall Street with the ETFs, we're

630
00:30:42,200 --> 00:30:45,320
Speaker 1: putting two to five percent allocations in. You put two

631
00:30:45,320 --> 00:30:47,680
Speaker 1: to five percent allocation in. Even if it drops by

632
00:30:47,720 --> 00:30:50,640
Speaker 1: fifty percent, it's barely even going to be noticed. However,

633
00:30:50,720 --> 00:30:52,840
Speaker 1: if it goes to where we think it can, then

634
00:30:52,880 --> 00:30:55,200
Speaker 1: your portfolio is going to be looking pretty dang good. Now,

635
00:30:55,360 --> 00:30:57,720
Speaker 1: if you're crazy and you have a lot of conviction,

636
00:30:57,880 --> 00:31:00,360
Speaker 1: like I do, you might want thirty, forty five, fifty

637
00:31:00,600 --> 00:31:03,440
Speaker 1: sixty percent allocation to bitcoin. Now, it also depends on

638
00:31:03,440 --> 00:31:05,240
Speaker 1: how much money you have, so those other factors you

639
00:31:05,280 --> 00:31:07,920
Speaker 1: need to figure that out for yourself. Buy it, then

640
00:31:07,960 --> 00:31:10,480
Speaker 1: you need to secure it and hold it. The revolutionary

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00:31:10,480 --> 00:31:12,520
Speaker 1: feature of bitcoin is that I can custody it and

642
00:31:12,880 --> 00:31:15,080
Speaker 1: secure it and store it myself, and so you should

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00:31:15,120 --> 00:31:17,960
Speaker 1: certainly do that. I recommend using a hardware wallet to

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00:31:18,000 --> 00:31:21,000
Speaker 1: do that. Plenty of help online. Check that Out'll go

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00:31:21,000 --> 00:31:23,280
Speaker 1: to BTC sessions on YouTube. He can show you how

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00:31:23,320 --> 00:31:25,400
Speaker 1: to do that. And then again, like I said, should

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00:31:25,440 --> 00:31:27,800
Speaker 1: I buy it now just throw my cash in as

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00:31:27,800 --> 00:31:30,480
Speaker 1: a lumpsum or should I average in over time? It

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00:31:30,560 --> 00:31:32,720
Speaker 1: depends on where your conviction is. But this video has

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00:31:32,760 --> 00:31:34,480
Speaker 1: gone long. That's about as much as I can put

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00:31:34,520 --> 00:31:36,640
Speaker 1: into it right now. But I'll make more videos. Let

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00:31:36,680 --> 00:31:37,840
Speaker 1: me know which of these you want me to dig

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00:31:37,880 --> 00:31:39,720
Speaker 1: into more. Let me know what you think. Leave me

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00:31:39,720 --> 00:31:42,040
Speaker 1: a calmed down below. Subscribe if you're not subscribed, and

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00:31:42,080 --> 00:31:44,000
Speaker 1: that's what I got to your success, I'm out