WEBVTT - The Bitcoin Halving What You Need to Know

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<v Speaker 1>Bitcoin yep, so Bitcoin, it dropped a little bit, I

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<v Speaker 1>believe from it's all time high. I think it's currently

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<v Speaker 1>hovering around that sixty seven range. Sixty eight thousand ranged

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<v Speaker 1>it was seventy three thousand last week. Well, you know,

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<v Speaker 1>still holding strong. So we had we're a month away,

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<v Speaker 1>thirty thirty two days away to bitcoin having happens, right,

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<v Speaker 1>So let's just talk about that for people that don't know.

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<v Speaker 1>And then also, what do we think is going to

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<v Speaker 1>happen to all cryptocurrencies Bitcoin included after the having takes place.

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<v Speaker 4>I mean, I think there'll be a little bit of

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<v Speaker 4>a drop after having but all my crypto enthusiasts, you

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<v Speaker 4>can tune in now and clip this up. Now we're

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<v Speaker 4>looking at return over five or ten years. There's no

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<v Speaker 4>close competitor. I know, like sen Ci has done incredibly

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<v Speaker 4>well and video has done incredibly well. If you look

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<v Speaker 4>over a five or ten year period, Bitcoin is given

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<v Speaker 4>the best return possible. Of course, after all time high,

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<v Speaker 4>people were complaining that it fell to sixty nine thousand,

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<v Speaker 4>like it fell to forty.

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<v Speaker 2>I'm like, it's barely a harsh pullback.

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<v Speaker 4>Michael Sailor made the case that a doesn't have to

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<v Speaker 4>be a currency, it can just be a great store value,

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<v Speaker 4>which I agree with one thousand percent.

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<v Speaker 2>It could go to I don't know.

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<v Speaker 4>Maybe sixty five, sixty four and then pop back up.

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<v Speaker 4>But I think more important than what will happen in

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<v Speaker 4>thirty two days thirty one days from now, I think

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<v Speaker 4>the real thing is to make sure that you're holding

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<v Speaker 4>for a year, year and a half because I don't

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<v Speaker 4>know if we will get another opportunity like this. It's

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<v Speaker 4>a lot going on the banking, a lot going on

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<v Speaker 4>in real estate, a lot going on in the general market.

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<v Speaker 4>But like one of the places that there's been a

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<v Speaker 4>lot of certainty in terms of mass game has been Bitcoin.

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<v Speaker 4>And if you don't have some exposure, I think you

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<v Speaker 4>are are definitely going to mess out.

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<v Speaker 2>So continue to hold for the long term.

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<v Speaker 4>I don't think it'll get to one hundred thousand this year,

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<v Speaker 4>but next I think it'll crack that mark. But I

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<v Speaker 4>think they have really made their mark on the investment world,

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<v Speaker 4>and over the last twelve or thirteen years, there's been

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<v Speaker 4>no question like what's been the best investment in terms

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<v Speaker 4>of return despite the volatility, and that is Bitcoin.

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<v Speaker 1>Yeah, so bigcoin having is an event that happens every

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<v Speaker 1>four years. It reduces the reward for mining new blocks

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<v Speaker 1>of bitcoin, and it's designed to control the supply of

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<v Speaker 1>bitcoin and maintain the scarcity aspect of it. So that's

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<v Speaker 1>why it's called having. So it's one of these things

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<v Speaker 1>that I saw a JP Morgan put it. I think

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<v Speaker 1>it was JP Morgan. They put a report out saying

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<v Speaker 1>that they they expect bitcoin price to drop as a

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<v Speaker 1>result of having, and you know, some people have different

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<v Speaker 1>points of views on it, but it is if you're

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<v Speaker 1>interested in crypto or bitcoin, is something that you should

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<v Speaker 1>be aware of because it is something that happens on

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<v Speaker 1>schedule every four years, and it's going to come a

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<v Speaker 1>point in time where there will be no more bitcoin.

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<v Speaker 1>So that's why it's a scarcity model. It's not something

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<v Speaker 1>that's like the US dollar where they can constantly just

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<v Speaker 1>print money for a.

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<v Speaker 2>Trillions of it.

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<v Speaker 5>So in a sense that every four years, it takes

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<v Speaker 5>about almost I think two hundred and ten thousand blocks

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<v Speaker 5>or made right. So bitcoin is something that is mined

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<v Speaker 5>and so the having is was the reward for mining,

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<v Speaker 5>and so again it happens.

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<v Speaker 2>Every four years, so they said, I have the statistics here.

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<v Speaker 5>The first reward was fifty bitcoin, right, and that was

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<v Speaker 5>prior to twenty twelve. Four years later November twenty eighth,

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<v Speaker 5>and it was twenty five bitcoins, right, So four years

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<v Speaker 5>after that, in July of twenty sixteen, it was twelve

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<v Speaker 5>point five, and so you can see that the reward

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<v Speaker 5>has been cut in half every four years. May of

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<v Speaker 5>twenty twenty it was down to six point twenty five,

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<v Speaker 5>and then April this year, which is in thirty two days,

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<v Speaker 5>that is going to be cut down to three point

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<v Speaker 5>one twenty five. And you can do the math right,

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<v Speaker 5>in four years, which would be twenty twenty eight, it'll

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<v Speaker 5>be down to like one point something. So every year

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<v Speaker 5>the reward for mining it gets less. There is an

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<v Speaker 5>infinite supply thing around twenty one billion, and so when

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<v Speaker 5>that supply is made, they're not.

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<v Speaker 2>Making it anymore.

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<v Speaker 5>So as the less of the amount of the quantity

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<v Speaker 5>of the asset, which is the bitcoin, you can see

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<v Speaker 5>the appreciation of it. I guess the and we said

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<v Speaker 5>this bitcoin moves in four year cycles, and this is why.

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<v Speaker 5>But it's kind of one of these things when we

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<v Speaker 5>look into I would equate it to watching a company

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<v Speaker 5>going into its earnings, and sometimes the value is kind.

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<v Speaker 2>Of built in as you get to that point.

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<v Speaker 5>Ye, as we're approaching this having date, is the value

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<v Speaker 5>built in already when it gets to seventy three thousand,

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<v Speaker 5>do we see a pullback.

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<v Speaker 2>Yeah, it's too hot about this point. You gotta wait

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<v Speaker 2>for it to pull it back.

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<v Speaker 4>But if Halvin does present a case where it gets

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<v Speaker 4>to maybe fifty five thousand, like it would be a

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<v Speaker 4>good buying opportunity for sure. And once again, I think

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<v Speaker 4>there's some rules with Thumb that always last. Never buy

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<v Speaker 4>the high and never buy a base off of hype.

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<v Speaker 4>Kudos to the people that have hell since twenty twenty

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<v Speaker 4>or twenty twenty two. But a pullback is gonna happen,

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<v Speaker 4>especially in crypto, like a ten percent, fifteen percent drop

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<v Speaker 4>can happen in two or three days, thirty percent drop

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<v Speaker 4>can happen in a month. Like take advantage of it

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<v Speaker 4>when it's there, and don't be on the sideline, like, damn,

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<v Speaker 4>I missed out because when the quot quote unquote crypto

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<v Speaker 4>winner happened, a lot of people were sitting on the

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<v Speaker 4>sideline as opposed to buying, and now they're kind of

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<v Speaker 4>missing out.

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<v Speaker 2>So this next opportunity, continue to buy and you have

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<v Speaker 2>a lot of safety.

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<v Speaker 4>Larry Fink, big meach of bitcoin, came in. He's given

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<v Speaker 4>me all the floor, so you know, over the next

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<v Speaker 4>four or five years is going to go up. I

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<v Speaker 4>think black rocking Fidelity now on twenty six billion worth

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<v Speaker 4>of bitcoin and they're they're hitching their wag into it.

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<v Speaker 4>So if it does drop there at least there is

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<v Speaker 4>a floor. They're on the institutional side for sure.

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<v Speaker 2>Some four years it'll be the having will be one

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<v Speaker 2>point five.

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<v Speaker 5>To six, and so you can see as the appreciation

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<v Speaker 5>and we can look now right for this four year cycle,

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<v Speaker 5>we said that fourth year of the cycle is usually

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<v Speaker 5>the best in.

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<v Speaker 2>Terms of a percentage gain.

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<v Speaker 5>Twenty twenty eight, that would be a pace for it

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<v Speaker 5>to be again at another height. And if we're at

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<v Speaker 5>seventy thousand, you can see the easy case where people

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<v Speaker 5>are saying bitcoin can go to one hundred to one

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<v Speaker 5>hundred and twenty thousand.

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<v Speaker 2>You can kind of see the case why they would

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<v Speaker 2>say that. Remembers that forty.

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<v Speaker 4>Nine hundred what in twenty twenty so to get from

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<v Speaker 4>there to seventy thousand, and Vidia has had a.

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<v Speaker 2>Hell of a run.

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<v Speaker 4>Sha, I wish Apple would have bought a bunch of bigcoin.

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<v Speaker 4>I know y'all doing that Google Jym and ideal, but y'all,

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<v Speaker 4>it is the Michael Saylor strategy and just bought up

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<v Speaker 4>every bitcoin you could and mind them through the iPhone.

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<v Speaker 5>Yeah, that's part of the that's part of the investing

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<v Speaker 5>in strategy.

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<v Speaker 2>Right.

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<v Speaker 5>Do you have the mental discipline and forty two to

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<v Speaker 5>withstand that?

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<v Speaker 3>Right?

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<v Speaker 5>When you see something go from twenty thousand down to four,

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<v Speaker 5>are you willing to stay in there and say, all right, well,

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<v Speaker 5>I believe in this this asset, I'm going to stay

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<v Speaker 5>with it and take.

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<v Speaker 2>That appreciation right up, which could happen again.

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<v Speaker 5>I don't think it goes down to four thousand from seventy,

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<v Speaker 5>but it could have a pullback.

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<v Speaker 2>That's what we say.

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<v Speaker 5>Invest in it if you believe in it, don't put

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<v Speaker 5>all your eggs in one basket.

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<v Speaker 2>Have a percentage of your portfolio in there and enjoy

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<v Speaker 2>the ride.

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