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Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,

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Speaker 1: where of course we're always talking about the decentralized revolution,

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Speaker 1: talking about, of course the way the world is changing

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Speaker 1: through the lens of politics, finance, and technology. Of course

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Speaker 1: that technology is bitcoin. It's changing the world. But we

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Speaker 1: like to look at all three of those disciplines, politics, finance,

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Speaker 1: and technology because those are the driving forces of the world.

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Speaker 1: And rather than looking at each one of them in

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Speaker 1: a silo by itself, we'd look at all three of

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Speaker 1: them where they converge, so we can have a better

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Speaker 1: context to what is going on in the world today.

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Speaker 1: And of course in those three realms, in those three disciplines,

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Speaker 1: there is no shortage of information happening. We are moving

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Speaker 1: at a breakneck speed. So it gives me a lot

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Speaker 1: of stuff to talk about. And today we have a

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Speaker 1: big show coming up for you because it has been

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Speaker 1: massive fireworks going on in the political and the financial space,

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Speaker 1: well yeah, and even the technological space in a sense

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Speaker 1: where we've been talking about really since last year.

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Speaker 2: I told you that the the.

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Speaker 1: Crackdown on the cryptocurrency space was going to becoming full

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Speaker 1: scale assault, and it has. I told you that Gary

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Speaker 1: Gensler and the SEC had egg on his face and

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Speaker 1: he was coming hard for crypto, and he has and

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Speaker 1: as bad as things have gotten, all.

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Speaker 2: The sudden things are turning around. This is big, big news.

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Speaker 1: So we're going to talk about this anti crypto conspiracy

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Speaker 1: that's been happening, how all that got set up, what's

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Speaker 1: been happening.

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Speaker 2: What historical parallels are.

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Speaker 1: We're going to go all the way back to the

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Speaker 1: eighteen hundreds and pull some historical parallels forwards.

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Speaker 2: You can understand that we're.

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Speaker 1: Going to talk about this new institutional adoption that's happening,

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Speaker 1: who's getting involved, who the Federal Reserve is partnering.

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Speaker 2: With on this.

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Speaker 1: We're going to talk about, you know, the institutional backlash.

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Speaker 1: We're going to talk about these different institutions, what's happening there.

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Speaker 2: And then of.

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Speaker 1: Course we're going to talk about what you need need

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Speaker 1: to be watching and paying attention to, and more specifically,

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Speaker 1: how you can be playing this to take advantage of

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Speaker 1: this as is all unfolds.

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Speaker 2: It's a big show. I got a lot to cover.

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Speaker 2: It's exciting stuff.

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Speaker 1: So I want to go ahead and just jump right

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Speaker 1: in now. Like I said, talking about this anti crypto conspiracy. Now,

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Speaker 1: I've been talking about this a lot as a matter

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Speaker 1: of fact. You know, last year, obviously we covered the

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Speaker 1: entire cryptocurrency market collapse, starting with terror Luna crashing, which

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Speaker 1: then led to this domino effect of Thurero's capital, and

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Speaker 1: then Celsius, FTX and buying Ince started duking it out.

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Speaker 1: Look FTX would the last one standing, and then FTX collapsed.

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Speaker 1: Sam Bankman freed, who is you know, pending charges, you know,

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Speaker 1: defrauded about sixty billion dollars worth of money. No big deal,

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Speaker 1: looking like he potentially could get out of a bunch

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Speaker 1: of these felony accounts, maybe get a slap on the wrist.

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Speaker 1: And I guess that's what you get for, you know,

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Speaker 1: being the Democratic Party's largest largest donor forty million dollars

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Speaker 1: to the Democratic Party. But that's another story for another time.

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Speaker 1: But what I said after that, and I didn't make

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Speaker 1: any friends from doing this, And I wasn't trying to

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Speaker 1: start up controversy, nor was I trying to make anyone angry,

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Speaker 1: although I certainly did. But I went and I said, look,

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Speaker 1: if you understand how the cryptocurrency space works, then you'll

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Speaker 1: understand why this is going to change things. And why,

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Speaker 1: as I stated back then, we will not see another

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Speaker 1: cryptocurrency bull run. Now I said cryptocurrency as a category,

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Speaker 1: and I'm saying cryptocurrency, not bitcoin. I'm using bitcoin, and

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Speaker 1: cryptocurrency is different. Now why did I say that, Well,

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Speaker 1: I don't want to go all the way back through that.

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Speaker 1: You can go back and listen to those those shows

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Speaker 1: on the podcast, So just search Mark Moss Show on

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Speaker 1: your favorite podcast player, or you can go onto the

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Speaker 1: YouTube channel and search Market Disruptors on my Market Disruptors

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Speaker 1: YouTube channel.

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Speaker 2: You can find those on there.

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Speaker 1: But basically, what I was saying is that you know,

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Speaker 1: the SEC is it looks very bad, looks very very bad,

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Speaker 1: and they were going to come full guns blazing and

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Speaker 1: start cracking down on this and shutting it down. And

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Speaker 1: certainly that's what's happened now, as I said, to not

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Speaker 1: another bull run. And the reason why I said that

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Speaker 1: is because if you go back to like twenty seventeen,

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Speaker 1: that was kind of the real first really really really

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Speaker 1: big cryptocurrency as a category bull run. It's when I

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Speaker 1: started making content regarding this subject as well. Bitcoin went

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Speaker 1: from one thousand dollars to twenty thousand dollars in that

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Speaker 1: year of twenty seventeen ethereum, I don't remember the exact dates,

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Speaker 1: went from somewhere like five or ten dollars up to

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Speaker 1: I don't even remember seven eight hundred dollars. At the time,

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Speaker 1: it was, it was a crazy time. But then something happened.

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Speaker 1: In December of twenty seventeen, there was a choke point

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Speaker 1: all of a sudden in Unison. The banks shut down

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Speaker 1: access to get into cryptocurrency, the social media platforms shut

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Speaker 1: down all advertised of cryptocurrency, and just like that, a

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Speaker 1: ground to a halt. The entire market collapsed. Now at

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Speaker 1: that time, back in twenty seventeen, early twenty eighteen, we

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Speaker 1: were talking about how the Wall Street institutions were not

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Speaker 1: happy that they got left out of this. So typically

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Speaker 1: when you go back through technology booms, look at the

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Speaker 1: dotcom boom in the early two thousands, late nineties, it's

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Speaker 1: the institutions, it's Silicon Valley, it's Wall Street that gets

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Speaker 1: into these deals. First, they get first crack venture capital deals,

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Speaker 1: and then eventually when it goes public, you and I,

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Speaker 1: the retail public, can get in and we typically get

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Speaker 1: dumped on. They got in early, made the money, they

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Speaker 1: dump on us, we lose money. That's how it works.

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Speaker 1: But in this cryptocurrency boom, it.

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Speaker 2: Was the people.

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Speaker 1: It was the retail people that got the money, and

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Speaker 1: all the institutions were left out. So at the time

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Speaker 1: back there twenty seventeen, twenty eighteen, I started talking about

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Speaker 1: how they weren't.

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Speaker 2: Happy about this.

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Speaker 1: Wall Street wanted to get in and they wanted to

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Speaker 1: kind of shut this down while they had time to

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Speaker 1: get back in. Well, it takes Wall Street institutions a

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Speaker 1: lot of time to get back in. And I think

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Speaker 1: there's a very interesting parallest. Let me tell you a

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Speaker 1: story about this. So on HBO there's a series called Deadwood,

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Speaker 1: and now Deadwood is it's a fictional story about real events,

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Speaker 1: right about the gold rush, California gold Rush. So during

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Speaker 1: the Dakota gold Rush, it was the regular people who

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Speaker 1: got in really really early in that gold rush run

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Speaker 1: and they're the ones that made the fortune. It wasn't

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Speaker 1: the mining magnets, it wasn't the industrialists. And that was

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Speaker 1: sort of like today there at this time that the

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Speaker 1: crypto investors they got in, they were savvy speculators, right,

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Speaker 1: But it wasn't that the magnets. It wasn't the industrialist

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Speaker 1: that got in. Now, in this fictionalized version of Deadwood, though,

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Speaker 1: there was a wealthy miner's name is George Hurst, who

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Speaker 1: was the father of publishing magnate William Randolph Hurst, and

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Speaker 1: he swindled all of these, you know, retail savvy speculators

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Speaker 1: out of their mining shares. Now, it's not too far

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Speaker 1: from the truth. According to the rumors at that time,

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Speaker 1: Hurst used intimidation, misinformation, and violence to actually force people

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Speaker 1: to sell their claims. He even purchased newspapers in the

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Speaker 1: town to influence the public opinion. Now, if you recognize

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Speaker 1: the strategy that Hirst used, does it sound sort of

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Speaker 1: similar to how social media companies worked in Unison to

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Speaker 1: ban all talk and all advertising of cryptocurrencies, and the

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Speaker 1: banks also banned your ability to even move money in

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Speaker 1: and out of these cryptocurrency exchanges. Sounds sort of similar

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Speaker 1: right now. In that bid to buy in really really cheap,

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Speaker 1: Hearst agents started to float rumors that the government would

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Speaker 1: seize all the land in the town, and so prospectors

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Speaker 1: believed the rumors and they sold their mining shares for

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Speaker 1: pennies to Hearst agents. Now, the conspiracy works right first

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Speaker 1: and his partners they bought the biggest mine in the region.

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Speaker 2: It was called.

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Speaker 1: Homesteak for a basement a bargain price of only seventy

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Speaker 1: thousand dollars would be worth about one point seven million

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Speaker 1: in today's dollars, and Homesteak would become the richest gold

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Speaker 1: mine in US history. From eighteen seventy nine to two

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Speaker 1: thousand and two, the mine produced forty four million ounces

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Speaker 1: of gold and nine million ounces of silver At today's prices,

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Speaker 1: that's a combined eighty six point two billion in precious

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Speaker 1: metals that they paid one point seventy four And here's

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Speaker 1: why I'm telling you this, because now we are seeing

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Speaker 1: the same thing Gary Ginsler's crypto reign of terror. Here

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Speaker 1: he comes charges against Binance, charges against Coinbase, the two

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Speaker 1: largest cryptocurrency exchanges in the world, you know, saying that

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Speaker 1: all these alt coins are securities, forcing popular training platforms

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Speaker 1: like Robinhood Dealers, and these tokens are plunging on the news.

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Speaker 2: Are they clearing the deck?

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Speaker 1: If you're just tuning in right now you are listening

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Speaker 1: to the Mark Ma Show. Of course, we're always talking

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Speaker 1: about the decentralized revolution, we're talking about cryptocurrencies, and we're

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Speaker 1: talking about so much more.

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Speaker 2: I got to take a quick break. I'm going to

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Speaker 2: be right back with more. So don't go away. We

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Speaker 2: are back, all right, Welcome back.

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Speaker 1: If you're just tune in and you're listening to the

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Speaker 1: Mark Mas Show, we're talking about, of course, the decentralized revolution.

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Speaker 2: I'm breaking down right now, what.

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Speaker 1: Is going on with this entire anti crypto crackdown as

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Speaker 1: I've been calling it, but more importantly, the turn of

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Speaker 1: events that just happened that is.

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Speaker 2: Blowing things wide open.

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Speaker 1: And yeah, I'm taking a little parade lap, maybe giving

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Speaker 1: myself a little pat on the back, because I think

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Speaker 1: I pretty much nailed this one by.

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Speaker 2: Again, if you're just tuned in, you've kind of missed.

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Speaker 1: But you know, I'm talking about how I, after the

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Speaker 1: fall of FTX, the largest cryptocurrency exchange the United States,

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Speaker 1: late last year, I predicted that cryptocurrency as a category

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Speaker 1: would not see another bull run, but bitcoin, I said,

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Speaker 1: would do very well.

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Speaker 2: Now I'm getting.

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Speaker 1: Into that right now, And I was talking about this

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Speaker 1: historical parallel kind of the gold Rush days of how

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Speaker 1: large investors cleared the deck to allow the big boys

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Speaker 1: to come in and get their share, and that's exactly

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Speaker 1: what it seems like we're starting to see. So Gary Ginsler,

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Speaker 1: the twenty twenty three crypto Reign of Terror, going after Buyinance,

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Speaker 1: going after coinbase, labeling all coins as securities, forcing exchanges

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Speaker 1: to delist them, Robinhood to delist them, all these things.

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Speaker 1: Everything I said what happened has happened. These coins have

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Speaker 1: plummeted in value because everyone's trying to get rid of

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Speaker 1: them and there's no byside liquidity. Now I did say

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Speaker 1: that I think it would be good for bitcoin. We're

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Speaker 1: going to come back to that in a second. But

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Speaker 1: here we have the largest, not one of the largest,

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Speaker 1: but the largest asset manager in the world. We're talking

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Speaker 1: about the behemoth of bohemoths. And if you don't know

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Speaker 1: who I'm talking about, I'm talking about Blackrock. Now, they're

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Speaker 1: not a company I typically talk favorably of.

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Speaker 2: I call them the Evil Empire.

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Speaker 1: They're the largest company asset manager in the world, over

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Speaker 1: ten trillion dollars in AUM as they call it assets

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Speaker 1: under management. And with that ten trillion dollars of assets

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Speaker 1: under management, they're the largest asset manager in the world

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Speaker 1: and they own a majority of almost every publicly traded

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Speaker 1: company out there. If you look at almost any publicly

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Speaker 1: traded company out there, you're going to find that there's

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Speaker 1: they're owned by one of three companies, mostly Blackrock and

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Speaker 1: then State Street and then Vanguard, and so they own

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Speaker 1: almost every company. Now, I do want to say that.

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Speaker 2: Where did they get this money? Where did they get.

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Speaker 1: This ten trillion dollars? This is a very important piece.

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Speaker 1: We're going to come back to this at the end.

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Speaker 1: But it's your money. If you have a pension, if

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Speaker 1: you have a four to one k a mutual fund,

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Speaker 1: there's a good chance it's one of those three companies Blackrock, Vanguard,

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Speaker 1: or State Street. I was explaining to this to one

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Speaker 1: of my fireman buddies last week and he's like, oh, yeah,

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Speaker 1: our funds with Vanguard, right, And so it's with one

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Speaker 1: of those. But the thing is is like, how do

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Speaker 1: they use that money? Well, they use it against you.

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Speaker 1: They use it against your better interest. And as a

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Speaker 1: matter of fact, they have now taken this position as

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Speaker 1: activist investors, like for example, Blackrock took over control and

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Speaker 1: interest to Exxon and made them dive vest from their

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Speaker 1: oil fields, which is kind of weird because Exon is

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Speaker 1: an oil company. Now, wouldn't that hurt their profits, you

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Speaker 1: might ask, And the answer is yes, it would hurt

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Speaker 1: their profits. It did hurt their profits. But they don't care.

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Speaker 1: It's not their money. Their ideology over everything, which is

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Speaker 1: why you see bud Light doing you know what they're doing,

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Speaker 1: and you see Target doing what they're doing, and you

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Speaker 1: see north Face and all these companies following suit because

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Speaker 1: they don't care about the money because it's not their money.

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Speaker 1: That's a whole other topic for a whole nother day.

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Speaker 1: I've covered that extent in great deal on other shows.

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Speaker 1: But Blackrock is the behemoth of the behemoth. They are

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Speaker 1: so big, as a matter of fact, that they're basically

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Speaker 1: the partner of the Federal Reserve.

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Speaker 2: Yes, the Reserve.

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Speaker 1: As a matter of fact, If we go back to

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Speaker 1: twenty twenty, when the FED was trying to bail out

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Speaker 1: Wall Street as the entire world shut down through the pandemic,

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Speaker 1: the FED had to inject money into the market that

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Speaker 1: it wasn't legally able to do, and so it partnered

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Speaker 1: with Blackrock to purchase bonds on behalf of the FED.

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Speaker 1: All right, so they are partners with the Fed. They

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Speaker 1: have been working with the FED now through this banking

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Speaker 1: crisis to help the FED figure out and the Treasury

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Speaker 1: how to get money back into the banking system. They're

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Speaker 1: helping out with Ukraine, kind of leading the charge on

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Speaker 1: getting money into Ukraine. So they are partners with the

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Speaker 1: feederser of their partners with the government. They are again

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Speaker 1: the bohemoth of the bohemoth. Now, I want to just

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Speaker 1: state that real quickly because I want you to understand

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Speaker 1: the depth of this. Now, going back to this, we

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Speaker 1: saw that in twenty seventeen, the CEO of Blackrock, Larry Fink,

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Speaker 1: called bitcoin quote an index of money laundering. That's in

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Speaker 1: twenty seventeen. And we've seen Warren Buffett and his partner

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Speaker 1: Charlie Munger many times go on call it rat poison,

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Speaker 1: rat poison squared, you know, all these things. We saw

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Speaker 1: Jamie Diamond from you know, JP Morgan Chase said that

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Speaker 1: he would fire anybody in his company that was trading it.

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Speaker 1: I mean, these were some bold, bold words. Now I

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Speaker 1: don't hold it against him because everybody was a skeptic

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Speaker 1: at one point.

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Speaker 2: But here we have Larry, the Black Rock.

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Speaker 1: CEO, arguably the most I mean, I say arguably him

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Speaker 1: and Jimmie Diamond might argue about it.

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Speaker 2: I might.

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Speaker 1: It might tip my hat to Larry Fink, of the

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Speaker 1: most influential financial people in the world. And money makes

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Speaker 1: the world go round, you know, as Mayor Rothschild famously

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Speaker 1: said several hundred years ago, give me control over the

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Speaker 1: nation's money. I care not who makes the laws. And

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Speaker 1: so that's kind of where they're at. So these institutions,

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Speaker 1: these Wall Street institutions, were left out. It was retail

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Speaker 1: that got in the game. The retail people made all

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Speaker 1: the money in the crypto boom up to twenty seventeen.

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Speaker 1: They closed off the excess through the banking, they shut

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Speaker 1: off the social media, and the markets crashed back down.

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Speaker 1: Twenty eighteen, twenty nineteen, the markets rallied up again, but

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Speaker 1: the institutions weren't ready to come back in again. As

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Speaker 1: I said earlier, it takes years for them to get

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Speaker 1: into position. It takes years to get all their you know,

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Speaker 1: regulations in place and things like that. It takes millions

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Speaker 1: or you know, billions of dollars for them to build

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Speaker 1: out the products and things like that for them to

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Speaker 1: come in, and so they weren't ready. Next thing you know,

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Speaker 1: Bitcoin's running again. The cryptocurrency market's running again. Bitcoin runs

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Speaker 1: up to almost sixty nine thousand dollars. But wait, wait, wait,

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Speaker 1: we're not ready.

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Speaker 2: We're not ready.

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Speaker 1: We don't have we don't have our products up and

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Speaker 1: running the end.

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Speaker 2: We've been taking too long.

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Speaker 1: So going back to the old playbook that was ranting

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Speaker 1: the gold Rush days, as they kind of explained the

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Speaker 1: story of Deadwood, going back to the playbook that was

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Speaker 1: ran in twenty seventeen and twenty eighteen, what do we do, Well,

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Speaker 1: how about if we just make everybody think that the

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Speaker 1: entire space is going to zero, just like in the

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Speaker 1: gold Rush days, they made them think that the land

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Speaker 1: was all going to be worthless, it was gonna be

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Speaker 1: taken over by the government, it was all gonna be worthless.

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Speaker 1: And so everybody starts selling and guess what happens.

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Speaker 2: Well, if you're guessing.

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Speaker 1: That maybe the old bait and switch, maybe Blackrock, an

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Speaker 1: institutional adoption, might be coming in, then you would be right.

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Speaker 2: And that is exactly what's happening.

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Speaker 1: Blackrock, the Behemoth of the Bohemoth is back in the game,

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Speaker 1: or not back in the game. They are in the

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Speaker 1: game and they are bringing the big heavy hitters with them.

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Speaker 1: I want to tell you about their track record, I

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Speaker 1: want to tell you about what they're doing. I want

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Speaker 1: to tell you about exactly what this is doing to

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Speaker 1: the market already and what you should be expecting this

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Speaker 1: from this moving forward. Now, if you're just tuning in

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Speaker 1: right now, of course, you're listening to the Mark Mos

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Speaker 1: Show breaking down the latest breaking news on the world

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Speaker 1: of finance, politics and technology. Were talking about this bitcoin

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Speaker 1: etf from Blackrock. I'm going to break all this down

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Speaker 1: for you, tell you what should be doing, what should

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Speaker 1: be watching. I'll be back with more than that in

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Speaker 1: a minute. Don't go away, We right back, all right,

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Speaker 1: welcome back. If you are just tuning in, you are

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Speaker 1: listening to the Mark Mass Show. Of course, we're talking

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Speaker 1: about the decentralized revolution. We're talking about the way the

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Speaker 1: world is changing through the through right before our very eyes.

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Speaker 1: As I always like to say, the world that we're

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Speaker 1: going to do is not the world that we're leaving behind.

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Speaker 1: And things are moving fast, but as much as things change,

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Speaker 1: they happen to stay the same. And so this playbook

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Speaker 1: that we're seeing, like I said, is right out of

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Speaker 1: the eighteen hundreds from the gold rush days and we're

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Speaker 1: watching it being played again in real time.

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Speaker 2: Now. The big news again is Blackrock.

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Speaker 1: Blackrock is coming into the game, the behemoth of behemoths,

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Speaker 1: the largest asset manager in the world, ten trillion dollars

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Speaker 1: of money, and they now last year they launched a

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Speaker 1: private trust offering their institutional US clients direct exposure to bitcoin.

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Speaker 1: All right, now, a lot of people, probably the number

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Speaker 1: one objection to bitcoin that I would hear typically from

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Speaker 1: anybody that doesn't own it or doesn't like it, is

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Speaker 1: won't they just make it illegal? Well, first off, who

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Speaker 1: are they and would they make it legal?

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Speaker 2: And typically, you know, there's a.

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Speaker 1: Lot of ways that we could kind of counter that argument.

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Speaker 1: And of course none of us know the history or

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Speaker 1: I'm sorry, none of us know the future.

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Speaker 2: Anything could happen.

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Speaker 1: So could it be illegal, sure, But what's the most

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Speaker 1: probable solution, what's the most probable outcome? And what I

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Speaker 1: would typically say is that I don't think that they'll

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Speaker 1: make bitcoin illegal for a number of reasons, and namely

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Speaker 1: because there's too much entrenchment within the government. We have

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Speaker 1: over twenty five thirty high ranking lawmakers in the government

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Speaker 1: now that are bitcoiners that own bitcoin, that like bitcoin,

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Speaker 1: that are pro bitcoin. We have now, I guess, with

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Speaker 1: Mayor Frances Sarez throwing his hat in the ring, we

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Speaker 1: have four candidates running for president on a bitcoin platform.

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Speaker 2: Four presidential candidates.

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Speaker 1: Running on a bitcoin platform, over thirty high ranking government

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Speaker 1: officials that are bitcoin. But then what I would also say,

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Speaker 1: then we have about twenty five to thirty million Americans

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Speaker 1: that own bitcoin. They're not going to like that. But

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Speaker 1: then what I also say is that the financial system,

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Speaker 1: and so you know, the black Rocks, the gold Goldman Sacks,

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Speaker 1: the JP Morgans, the Fidelities of the world have been

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Speaker 1: trying to get into They've been working on getting into

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Speaker 1: the bitcoin space for many years. They have been working

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Speaker 1: with their regulators, They've been working with their tech teams.

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Speaker 1: They've spent collectively, I'm guessing billions and billions of dollars

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Speaker 1: to build out their ability to get into bitcoin services.

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Speaker 1: They want to make the money, of course they do.

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Speaker 1: They want the money, and so last year Blackrock launched

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Speaker 1: a private trust offering institutional US clients direct exposure to Bitcoin.

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Speaker 1: Fidelity Digital Assets platform allows US clients to buy, store,

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Speaker 1: and sell digital assets like bitcoin. If the biggest players

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Speaker 1: like Blackrock and Larry Fink. If they've spent this time,

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Speaker 1: if they've spent this money to get into bitcoin, you

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Speaker 1: think they're just going to let the government make it illegal,

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Speaker 1: just gonna lose all that money, all that time, effort

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Speaker 1: and money they've spent, all the potential future money they

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Speaker 1: could make. They're just gonna let that go away. Well,

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Speaker 1: you maybe don't understand the way the law actually works.

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Speaker 1: So you see, we have these lawmakers in Washington, the legislators,

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Speaker 1: but they don't actually write laws, they don't actually create them.

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Speaker 2: What they typically do is.

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Speaker 1: They sponsor a bill. But who rights the bill. The

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Speaker 1: lobbyists write the bill, Then the legislators sponsor the bill

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Speaker 1: and try to push the bill through, and then maybe

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Speaker 1: it gets through. Now, who are the lobbyists. There's lots

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Speaker 1: of special interest groups obviously at lobby but the financial institutions,

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Speaker 1: the financial special interest groups are probably some of the biggest.

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Speaker 2: Probably the pharmaceutical companies are the biggest. But if it's

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Speaker 2: the special interest.

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Speaker 1: Groups writing the bills and creating the laws, why would

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Speaker 1: they write laws to shut their own business down? And

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Speaker 1: the answers, of course they wouldn't, So anyway, those are

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Speaker 1: typically my reasons as to why they wouldn't make it illegal.

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Speaker 1: And so here we have it. You know, like I

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Speaker 1: said last year, Blackrock already got in, fidelity Ge already

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Speaker 1: got in. While we're seeing Gary Gensler's reign of terror,

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Speaker 1: the you know, shutting down the cryptocurrency industry, you know,

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Speaker 1: going after coin Base, going after Buyin ince, there hasn't

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Speaker 1: been any regulatory action against Blackrock or Fidality. One thing, again,

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Speaker 1: as I started out talking about, Look, we're talking about

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Speaker 1: bitcoin and cryptocurrency has two different things. When we say bitcoin,

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Speaker 1: we're just saying bitcoin only, and then when we talk

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Speaker 1: about crypto, we're talking about everything other than bitcoin. And

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Speaker 1: the reason why we say that is for a number

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Speaker 1: of reasons. But bitcoin is is very different than the

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Speaker 1: other whatever there is. I don't know twenty five thousand

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Speaker 1: cryptocurrencies that are out there. Bitcoin is a commodity. The

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Speaker 1: definition of a commodity would be something that is typically

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Speaker 1: brought from the ground into the centralized manner. So whether

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Speaker 1: I grow corn or dig for oil, dig for gold

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Speaker 1: in the US or Africa or Canada, corn is corn

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Speaker 1: oil as oil, wheat is wheat. Anybody that can buy land,

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Speaker 1: can get the oil, can get the corn, can get

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Speaker 1: the gold, and it's all fungible. And so bitcoin is

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Speaker 1: the same thing. Anybody can buy a computer get bitcoin.

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00:23:15,000 --> 00:23:19,760
Speaker 1: There's no central issuer, so nobody there's no central issue

434
00:23:19,760 --> 00:23:20,960
Speaker 1: that gives me the corn of the oil.

435
00:23:20,960 --> 00:23:21,760
Speaker 2: I have to dig for it.

436
00:23:22,320 --> 00:23:25,240
Speaker 1: But with all the cryptocurrencies, they all were created by

437
00:23:25,280 --> 00:23:28,679
Speaker 1: a central issuer. So like Ethereum, about seventy percent of

438
00:23:28,720 --> 00:23:30,639
Speaker 1: the tokens were in a pre mind. So when they

439
00:23:30,760 --> 00:23:34,560
Speaker 1: created Ethereum, they created the tokens and gave them out. Anyway,

440
00:23:34,560 --> 00:23:36,000
Speaker 1: I don't want to go super deep into all that

441
00:23:36,119 --> 00:23:38,040
Speaker 1: right now, but we do know that the head of

442
00:23:38,040 --> 00:23:40,080
Speaker 1: the SEC now Gary Ginsler, the previous head of the

443
00:23:40,160 --> 00:23:42,680
Speaker 1: SEC before him, J Clayton, both said that bitcoin is

444
00:23:42,680 --> 00:23:46,560
Speaker 1: a commodity, nothing else, and so we've been very clear

445
00:23:46,600 --> 00:23:48,800
Speaker 1: to say, Look, this is why I said back last

446
00:23:48,880 --> 00:23:53,120
Speaker 1: year that cryptocurrency as a category won't see another bull run,

447
00:23:53,359 --> 00:23:55,840
Speaker 1: but I think it will be very good for bitcoin.

448
00:23:57,080 --> 00:23:57,760
Speaker 2: And that's what we have.

449
00:23:58,200 --> 00:24:02,840
Speaker 1: The cryptocurrencies are getting absolutely smashed, getting sold down, while

450
00:24:02,880 --> 00:24:05,920
Speaker 1: Bitcoin is taking off to new all time highs off

451
00:24:05,960 --> 00:24:10,000
Speaker 1: of this news, and as these crypto casinos like Coinbase

452
00:24:10,320 --> 00:24:15,080
Speaker 1: like Binance are getting shut down. As I said, Fidelity

453
00:24:15,359 --> 00:24:20,480
Speaker 1: Blackrock has had no regulatory action against them. Now recently

454
00:24:20,520 --> 00:24:23,440
Speaker 1: Blackrock and Fidelity filed for bitcoin.

455
00:24:23,080 --> 00:24:24,000
Speaker 2: E t F.

456
00:24:24,320 --> 00:24:28,320
Speaker 1: All right, Now, an ETF is, you know, exchange trade

457
00:24:28,320 --> 00:24:30,240
Speaker 1: of fund. It's a way that you can easily buy

458
00:24:30,400 --> 00:24:33,200
Speaker 1: into a basket of stocks, you can buy into a

459
00:24:33,240 --> 00:24:35,840
Speaker 1: basket of commodities, things like that. It's a way that

460
00:24:36,280 --> 00:24:39,359
Speaker 1: it's a very easy way to get diverse fight access

461
00:24:39,400 --> 00:24:42,000
Speaker 1: to a to an asset class, or buy something that

462
00:24:42,000 --> 00:24:44,320
Speaker 1: it's not easy to custody, like oil for example.

463
00:24:45,200 --> 00:24:47,520
Speaker 2: Blackrock didn't. It's not technically an ETF.

464
00:24:47,600 --> 00:24:50,680
Speaker 1: It's actually technically a trust, but it functions like an ETF.

465
00:24:50,720 --> 00:24:54,600
Speaker 1: So basically when you buy the ETF, they buy physical bitcoin.

466
00:24:54,960 --> 00:24:59,920
Speaker 1: There has not been a physical bitcoin fund approved by

467
00:25:00,119 --> 00:25:02,720
Speaker 1: the SEC. They've just shot him down over and over

468
00:25:02,800 --> 00:25:06,000
Speaker 1: and over. We've seen Gray Scale get rejected, Wisdom Try

469
00:25:06,040 --> 00:25:09,000
Speaker 1: been rejected, van X been rejected, R twenty one shares,

470
00:25:09,160 --> 00:25:12,960
Speaker 1: bit Wise been rejected. Everyone's been rejected. But will Blackrock

471
00:25:13,320 --> 00:25:18,840
Speaker 1: get rejected? Blackrock, who is like an extension of the

472
00:25:18,880 --> 00:25:19,880
Speaker 1: FED and the government.

473
00:25:20,119 --> 00:25:21,640
Speaker 2: Do you think they're going to get rejected?

474
00:25:22,560 --> 00:25:25,400
Speaker 1: Blackrock has a pretty good trek record. As a matter

475
00:25:25,440 --> 00:25:30,240
Speaker 1: of fact, they have successfully launched five hundred and seventy

476
00:25:30,280 --> 00:25:35,840
Speaker 1: five ETFs and one has failed. That's a pretty good record,

477
00:25:36,080 --> 00:25:40,160
Speaker 1: five hundred and seventy five to one. So with bitcoin's

478
00:25:40,160 --> 00:25:44,240
Speaker 1: market cap at around five hundred and four billion ish,

479
00:25:44,840 --> 00:25:48,520
Speaker 1: that's like drop in the ocean compared to the total

480
00:25:48,640 --> 00:25:52,359
Speaker 1: estimated global wealth of about four hundred and sixty three

481
00:25:52,880 --> 00:25:57,959
Speaker 1: trillion four and sixty three tries. If just five percent

482
00:25:58,080 --> 00:26:00,879
Speaker 1: of that were to flow into bitcoin, it'll go up

483
00:26:01,080 --> 00:26:06,639
Speaker 1: forty seven times, which is why black Rock and Finale

484
00:26:06,720 --> 00:26:09,800
Speaker 1: they're creating these crypto custody solutions for their clients because

485
00:26:09,880 --> 00:26:12,119
Speaker 1: they want a slice the pie. And just like the

486
00:26:12,160 --> 00:26:14,199
Speaker 1: story I told of the gold Rust, just like Hurst,

487
00:26:14,720 --> 00:26:19,440
Speaker 1: they'll use intimidation, They'll use misinformation to force smaller crypto

488
00:26:19,520 --> 00:26:21,160
Speaker 1: players out of the game.

489
00:26:21,600 --> 00:26:23,080
Speaker 2: They want you to think that it's.

490
00:26:23,000 --> 00:26:24,879
Speaker 1: All being shut down. And I'm going to be honest,

491
00:26:24,920 --> 00:26:29,320
Speaker 1: you know, even though I've been very clear about why

492
00:26:29,359 --> 00:26:31,960
Speaker 1: I think it wouldn't get Bitcoin wouldn't be made legal

493
00:26:31,960 --> 00:26:32,679
Speaker 1: in the United States.

494
00:26:33,000 --> 00:26:34,400
Speaker 2: Again, I don't know the future.

495
00:26:34,560 --> 00:26:37,560
Speaker 1: Like I come up with things based off of, you know,

496
00:26:38,080 --> 00:26:40,120
Speaker 1: understanding the information that I have available to be bad

497
00:26:40,160 --> 00:26:43,280
Speaker 1: onto the future as aggressive they are getting and super aggressive.

498
00:26:43,320 --> 00:26:47,360
Speaker 1: The Biden administration specifically is very anti technology, and especially

499
00:26:47,359 --> 00:26:50,200
Speaker 1: with the passing them something like the restrict Act make

500
00:26:50,240 --> 00:26:52,280
Speaker 1: starts to make me think, man, the United States could

501
00:26:52,280 --> 00:26:56,359
Speaker 1: get very very crazy and ban this. But now watching

502
00:26:56,400 --> 00:27:00,600
Speaker 1: what's happening here makes the chance of that happening very

503
00:27:00,720 --> 00:27:02,359
Speaker 1: very low. Now, if you're just tune in, you are

504
00:27:02,359 --> 00:27:04,640
Speaker 1: listening to the Mark Mass Show, we're talking about.

505
00:27:04,400 --> 00:27:06,320
Speaker 2: The big, big, big big news.

506
00:27:06,040 --> 00:27:09,920
Speaker 1: In the bitcoin cryptocurrency space. Now, I got more to cover.

507
00:27:09,960 --> 00:27:11,359
Speaker 1: When I tell you what you need to be watching

508
00:27:11,400 --> 00:27:13,840
Speaker 1: and how you can play this, I'm going to cover

509
00:27:13,880 --> 00:27:14,399
Speaker 1: that when I come back.

510
00:27:14,400 --> 00:27:16,240
Speaker 2: I'm gonna take a quick break. We were back. Don't

511
00:27:16,280 --> 00:27:20,280
Speaker 2: go away, all right, welcome back.

512
00:27:20,320 --> 00:27:22,080
Speaker 1: If you're just tune in, you're listening to the Mark

513
00:27:22,119 --> 00:27:25,159
Speaker 1: Mass Show. We're talking about what's been going on in

514
00:27:25,160 --> 00:27:29,040
Speaker 1: the cryptocurrency and the bitcoin space, specifically with as I

515
00:27:29,119 --> 00:27:32,480
Speaker 1: called it, Gary Ginsler's reign of terror, coming hard against

516
00:27:32,480 --> 00:27:36,080
Speaker 1: the cryptocurrency space and kind of taking a little bit

517
00:27:36,080 --> 00:27:40,840
Speaker 1: of a parade lap, tapping myself on the back because I.

518
00:27:39,960 --> 00:27:41,439
Speaker 2: Told you so. I called it.

519
00:27:41,480 --> 00:27:44,360
Speaker 1: I told you last year that I said that cryptocurrency

520
00:27:44,400 --> 00:27:48,040
Speaker 1: adds a category. Wouldn't see another bull run because they

521
00:27:48,080 --> 00:27:49,680
Speaker 1: were going to come after it so hard and heavy.

522
00:27:49,720 --> 00:27:52,560
Speaker 1: But I said that's cryptocurrency's category. I said that bitcoin

523
00:27:53,119 --> 00:27:56,159
Speaker 1: would do very well. And here we have it, just

524
00:27:56,240 --> 00:27:58,800
Speaker 1: as it looked like cryptocurrency was going to be dead

525
00:27:58,840 --> 00:28:01,800
Speaker 1: in the water and Bitcoin be dead in the water,

526
00:28:02,320 --> 00:28:04,960
Speaker 1: we are seeing the bait and switch. And I kind

527
00:28:04,960 --> 00:28:07,880
Speaker 1: of used the reference, the historical reference to the gold

528
00:28:07,960 --> 00:28:15,639
Speaker 1: Rush days when news magnet Hurst kind of basically, I

529
00:28:15,680 --> 00:28:20,480
Speaker 1: don't know, used misinformation, used persuasion, used threats to get

530
00:28:20,480 --> 00:28:22,800
Speaker 1: people to sell their land for pennies on the dollar

531
00:28:23,720 --> 00:28:26,320
Speaker 1: while he made billions and billions of dollars. And that

532
00:28:26,440 --> 00:28:29,640
Speaker 1: seems to be sort of like what has happened while

533
00:28:29,640 --> 00:28:32,200
Speaker 1: we had you know, Black Rock, Larry Fink, Well, we

534
00:28:32,240 --> 00:28:35,040
Speaker 1: had Jimmie Diamond from Jamie Morgan, Chase and Warren Buffett,

535
00:28:35,240 --> 00:28:37,320
Speaker 1: Well we had all them talking really really really bad

536
00:28:37,320 --> 00:28:40,000
Speaker 1: about bitcoin. Well, we had Gary Gensler and the SEC

537
00:28:40,120 --> 00:28:43,360
Speaker 1: talking making making it really really scary for bitcoin and

538
00:28:43,360 --> 00:28:48,479
Speaker 1: cryptocurrency advocates. They just weren't ready to get in, and

539
00:28:48,520 --> 00:28:52,200
Speaker 1: now they are, and now they're here and now they're

540
00:28:52,240 --> 00:28:56,680
Speaker 1: taking over. And we can see now that just since

541
00:28:56,760 --> 00:28:59,560
Speaker 1: this has been announced, Bitcoin has.

542
00:28:59,680 --> 00:29:02,480
Speaker 2: Been shooting up to the moon. As a matter of fact,

543
00:29:02,920 --> 00:29:04,240
Speaker 2: it is up big.

544
00:29:04,760 --> 00:29:06,959
Speaker 1: We are up to where are we at here at

545
00:29:06,960 --> 00:29:10,800
Speaker 1: the time of this thirty thousand we are up in

546
00:29:11,000 --> 00:29:17,520
Speaker 1: just since the news broke. Where we at It's oh cool,

547
00:29:17,640 --> 00:29:22,440
Speaker 1: twenty three percent. Twenty three percent just since the news broke.

548
00:29:22,280 --> 00:29:22,880
Speaker 2: No big deal.

549
00:29:23,040 --> 00:29:25,880
Speaker 1: It's actually it's a really big deal. If we go

550
00:29:26,000 --> 00:29:30,120
Speaker 1: back to where we at January, we go back just

551
00:29:30,160 --> 00:29:34,200
Speaker 1: to the start of this year, Bitcoin is now up a.

552
00:29:34,200 --> 00:29:36,360
Speaker 2: Cool ninety percent.

553
00:29:36,440 --> 00:29:39,160
Speaker 1: I means you would have almost doubled your money, pretty

554
00:29:39,240 --> 00:29:40,720
Speaker 1: much doubled your money if you would have bought it

555
00:29:40,760 --> 00:29:41,640
Speaker 1: at the beginning.

556
00:29:41,320 --> 00:29:41,720
Speaker 2: Of the year.

557
00:29:42,080 --> 00:29:45,040
Speaker 1: No other asset class has done this. Bitcoin's been averaging

558
00:29:45,080 --> 00:29:50,400
Speaker 1: a two hundred percent compounded annual growth rate since its inception.

559
00:29:50,880 --> 00:29:54,320
Speaker 1: Now that average is that sometimes it exceeds it, sometimes

560
00:29:54,400 --> 00:29:57,840
Speaker 1: it goes under that. We're up one hundred percent this year.

561
00:29:58,280 --> 00:30:01,560
Speaker 1: As the Fed has been going on the hardest and

562
00:30:01,640 --> 00:30:05,040
Speaker 1: most aggressive rate hiking cycle that we've seen in history.

563
00:30:05,200 --> 00:30:07,240
Speaker 2: Everybody says, oh, we don't know how bitquin will do

564
00:30:07,280 --> 00:30:08,120
Speaker 2: in a bear market.

565
00:30:08,160 --> 00:30:11,040
Speaker 1: Well, we're certainly finding out. Now, what do we do

566
00:30:11,080 --> 00:30:13,719
Speaker 1: with all this news that we have? Now, okay, what

567
00:30:13,760 --> 00:30:15,600
Speaker 1: do we do? That's the key question that you should

568
00:30:15,600 --> 00:30:17,960
Speaker 1: be asking yourself. So, like I said, we've seen this

569
00:30:18,040 --> 00:30:18,680
Speaker 1: movie before.

570
00:30:18,920 --> 00:30:19,280
Speaker 2: Okay.

571
00:30:19,760 --> 00:30:22,560
Speaker 1: In twenty twenty one, Bitquin reached an all time high

572
00:30:22,600 --> 00:30:26,680
Speaker 1: of nearly seventy thousand dollars right then, Gary Ginsler, you know,

573
00:30:26,720 --> 00:30:30,240
Speaker 1: started as Reign of Terror, and since then it plunged

574
00:30:30,440 --> 00:30:34,200
Speaker 1: all the way down to just below sixteen thousand, about

575
00:30:34,280 --> 00:30:37,520
Speaker 1: fifteen to eight. Now, I know a lot of you

576
00:30:37,680 --> 00:30:40,400
Speaker 1: have been watching these guys on YouTube. I tell you

577
00:30:40,440 --> 00:30:42,840
Speaker 1: that it's going to drop down to thirteen thousand or

578
00:30:42,880 --> 00:30:44,440
Speaker 1: twelve thousand, and so.

579
00:30:44,480 --> 00:30:45,280
Speaker 2: You're gonna wait.

580
00:30:45,760 --> 00:30:49,800
Speaker 1: You're gonna wait until it gets to thirteen thousand. Well,

581
00:30:50,520 --> 00:30:52,640
Speaker 1: now it's up to thirty. So you never got your

582
00:30:52,720 --> 00:30:56,160
Speaker 1: chance at thirteen. And now the questions I'm getting our mark.

583
00:30:56,120 --> 00:30:57,040
Speaker 2: Well, now it's up to thirty.

584
00:30:57,080 --> 00:30:59,160
Speaker 1: Should I buy now or should I wait? Is it

585
00:30:59,200 --> 00:31:03,880
Speaker 1: going to come back down? The answer is nobody knows.

586
00:31:04,480 --> 00:31:05,800
Speaker 1: Nobody knows the future.

587
00:31:05,600 --> 00:31:07,840
Speaker 2: God knows, I don't know, you don't know.

588
00:31:07,880 --> 00:31:11,080
Speaker 1: There's nobody else in the world that knows. Okay, So

589
00:31:11,760 --> 00:31:15,480
Speaker 1: right now it's up to thirty thousand. But who benefits

590
00:31:15,960 --> 00:31:18,200
Speaker 1: This is the question we should be asking ourselves, who

591
00:31:18,320 --> 00:31:21,840
Speaker 1: benefits the most from this crash when the next bull

592
00:31:21,880 --> 00:31:30,000
Speaker 1: cycle starts. Well, let's see Blackrock Fidelity. They didn't want

593
00:31:30,000 --> 00:31:32,440
Speaker 1: to get into seventy thousand. They wanted to get in

594
00:31:32,480 --> 00:31:35,520
Speaker 1: it fifteen thousand, they wanted to get in it twenty thousand.

595
00:31:35,880 --> 00:31:38,760
Speaker 1: So when it goes up to one hundred thousand, they'll

596
00:31:38,760 --> 00:31:43,640
Speaker 1: be up five x. They'll be benefiting you. You'll probably

597
00:31:43,640 --> 00:31:46,880
Speaker 1: still be scared sitting on the sideline or waiting for

598
00:31:46,920 --> 00:31:49,280
Speaker 1: it to still drop back down to thirteen thousand.

599
00:31:50,040 --> 00:31:51,880
Speaker 2: They won't. They don't care about that.

600
00:31:52,280 --> 00:31:57,719
Speaker 1: They'll be buying now. Could it drop to thirteen thousand?

601
00:31:58,280 --> 00:32:02,200
Speaker 2: Is it possible? Sure? Is it possible it could drop

602
00:32:02,240 --> 00:32:02,880
Speaker 2: to five thousand?

603
00:32:02,960 --> 00:32:03,200
Speaker 1: Yes?

604
00:32:03,520 --> 00:32:06,760
Speaker 2: Is it possible it could drop to one dollar? Yes?

605
00:32:07,080 --> 00:32:10,000
Speaker 1: You have to understand everything is possible.

606
00:32:10,520 --> 00:32:10,800
Speaker 2: Right.

607
00:32:10,920 --> 00:32:13,200
Speaker 1: Aliens could come to the earth and destroy it tomorrow.

608
00:32:13,240 --> 00:32:18,960
Speaker 1: That's possible, But is it probable? No, most likely, there's

609
00:32:19,000 --> 00:32:21,320
Speaker 1: like almost no chance that aliens will come destroy the

610
00:32:21,360 --> 00:32:24,360
Speaker 1: earth tomorrow. But it's possible, but there's almost no chance. Right,

611
00:32:24,680 --> 00:32:27,200
Speaker 1: So instead of thinking about everything, that's possible. You have

612
00:32:27,240 --> 00:32:29,200
Speaker 1: to think about what is probable. You have to think

613
00:32:29,240 --> 00:32:33,320
Speaker 1: about things in terms of probabilities. So is it.

614
00:32:33,400 --> 00:32:36,720
Speaker 2: Possible for bitcoin to go to thirteen thousand? Yes? Is

615
00:32:36,760 --> 00:32:40,960
Speaker 2: it probable? Not in my experience or not in my

616
00:32:41,000 --> 00:32:43,920
Speaker 2: base case. It's not what I'm thinking. So how do

617
00:32:44,000 --> 00:32:44,600
Speaker 2: you play this?

618
00:32:44,720 --> 00:32:48,680
Speaker 1: We'll think about it like this. Do you think that

619
00:32:49,040 --> 00:32:51,640
Speaker 1: the largest asset manager in the world coming into bitcoin

620
00:32:52,840 --> 00:32:57,080
Speaker 1: will push the price up or do you think the

621
00:32:57,080 --> 00:32:59,360
Speaker 1: price will go back down? Now, if you think it's

622
00:32:59,400 --> 00:32:59,920
Speaker 1: going to go back.

623
00:32:59,800 --> 00:33:00,720
Speaker 2: Then are you.

624
00:33:02,640 --> 00:33:06,920
Speaker 1: Are you ten percent sure? Are you fifty percent sure?

625
00:33:07,520 --> 00:33:10,520
Speaker 1: Are you ninety percent sure? Let's say that you're fifty percent,

626
00:33:10,520 --> 00:33:12,960
Speaker 1: I'm fifty to fifty. Let's just say I'm fifty percent

627
00:33:13,000 --> 00:33:14,080
Speaker 1: sure it's going to come back lower.

628
00:33:14,120 --> 00:33:16,240
Speaker 2: But there's a fifty percent chance percent chance it doesn't

629
00:33:16,240 --> 00:33:16,560
Speaker 2: go lower.

630
00:33:16,600 --> 00:33:19,800
Speaker 1: It could just keep going higher, Okay, Or it's seventy

631
00:33:19,840 --> 00:33:23,080
Speaker 1: thirty or thirty seventy or ten ninety, whatever your number is.

632
00:33:23,120 --> 00:33:26,280
Speaker 1: Think about this, what percentage chance do you think it's

633
00:33:26,280 --> 00:33:28,160
Speaker 1: going to go down? And what percentage chance is it's

634
00:33:28,200 --> 00:33:30,280
Speaker 1: going to go up? And that's how you play it. So,

635
00:33:30,360 --> 00:33:32,480
Speaker 1: for example, for easy numbers sake. Let's say I had

636
00:33:32,520 --> 00:33:35,560
Speaker 1: ten thousand dollars I wanted to put into bitcoin. Well,

637
00:33:35,920 --> 00:33:37,720
Speaker 1: there's a fifty to fifty chance that it goes down,

638
00:33:37,800 --> 00:33:39,560
Speaker 1: fifty goes up. Okay, then what I'm going to do

639
00:33:39,640 --> 00:33:41,680
Speaker 1: is of my ten thousand, I'm going to take fifty

640
00:33:41,760 --> 00:33:45,360
Speaker 1: percent of that or five thousand, and I will put

641
00:33:45,360 --> 00:33:49,560
Speaker 1: that in now, and then the other fifty percent I'm

642
00:33:49,600 --> 00:33:51,520
Speaker 1: going to wait because I think i'd go down, So

643
00:33:51,640 --> 00:33:54,840
Speaker 1: I'll wait and I'll buy more if it goes down. Now,

644
00:33:54,880 --> 00:33:57,120
Speaker 1: if I'm wrong it doesn't go down, i have to

645
00:33:57,120 --> 00:33:59,280
Speaker 1: buy at a higher price. That's the risk I'm going

646
00:33:59,280 --> 00:34:02,120
Speaker 1: to take, and that's how you might want to play that.

647
00:34:02,160 --> 00:34:04,400
Speaker 1: Another way to do it is through dollar cost average.

648
00:34:04,400 --> 00:34:06,200
Speaker 1: You can put the five thousand down now and put

649
00:34:06,240 --> 00:34:09,640
Speaker 1: the other five thousand. You can put in one thousand

650
00:34:09,840 --> 00:34:12,319
Speaker 1: or five hundred dollars every two weeks, and you can

651
00:34:12,400 --> 00:34:15,680
Speaker 1: average in a couple other ways you can do this is,

652
00:34:15,719 --> 00:34:18,040
Speaker 1: of course, you can go buy bitcoin directly, and that's

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00:34:18,080 --> 00:34:20,799
Speaker 1: kind of what I'm advocating. That's what i'd recommend. I'd

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00:34:20,800 --> 00:34:25,359
Speaker 1: recommend using a platform like swan Bitcoin. You can use

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00:34:25,400 --> 00:34:29,439
Speaker 1: a swan Bitcoin slash Mark Moss and get ten dollars

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00:34:29,520 --> 00:34:31,840
Speaker 1: free bitcoin for using that, and you can set up

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00:34:31,840 --> 00:34:34,000
Speaker 1: an auto buy so like every other week it can

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00:34:34,040 --> 00:34:35,680
Speaker 1: just buy one hundred dollars and put it right in

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00:34:35,680 --> 00:34:39,160
Speaker 1: your cold storage swan bitcoin dot com slash Mark Moss,

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00:34:39,600 --> 00:34:42,080
Speaker 1: get ten bucks and set that up really easy to

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00:34:42,320 --> 00:34:45,200
Speaker 1: take self custody. That's how I recommend doing it. I

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00:34:45,280 --> 00:34:47,680
Speaker 1: recommend using a cold storage while at something like a

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00:34:47,719 --> 00:34:51,600
Speaker 1: treasor tr z r make it super easy. Now, if

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00:34:51,600 --> 00:34:53,920
Speaker 1: you don't want to buy it and take self custody,

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00:34:54,520 --> 00:34:56,239
Speaker 1: another way you can do it is maybe just buy

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00:34:56,360 --> 00:35:01,920
Speaker 1: micro Strategy Stock. That's mstr now. MicroStrategy Stock is a

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00:35:01,960 --> 00:35:05,359
Speaker 1: tech company that's pretty much changed, taking all of its

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00:35:05,480 --> 00:35:07,319
Speaker 1: entire value and put it.

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Speaker 2: Into bitcoin now.

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Speaker 1: It has three main advantages over buying micro Strategy versus

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00:35:12,000 --> 00:35:15,400
Speaker 1: buying bitcoin directly. One, it's cash flow and generating business

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00:35:15,400 --> 00:35:19,320
Speaker 1: that you're buying. Two, it doesn't charge any shareholder management

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00:35:19,360 --> 00:35:24,520
Speaker 1: fees like Blackrock will. And three you're not giving Blackrock

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Speaker 1: any more of your money. Don't give Blackrock your money,

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00:35:28,880 --> 00:35:31,960
Speaker 1: take your money away from Blackrock. So those are a

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Speaker 1: couple of ways that you can play it.

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Speaker 2: Now. The other thing that I would hear, well, they're

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Speaker 2: going to make it illegal. I think we're past that

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00:35:36,719 --> 00:35:39,200
Speaker 2: now at this point. Is but it's volatile.

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00:35:39,400 --> 00:35:44,239
Speaker 1: Well, currently Bitcoin has been about as volatile as Google, Amazon,

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00:35:44,640 --> 00:35:48,280
Speaker 1: and even Crudal in the same timeframes. As it stands

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00:35:48,360 --> 00:35:53,520
Speaker 1: right now, Bitcoin isn't really any more volatile than big

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Speaker 1: cap tech stocks. So you make up your mind that's

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00:35:57,200 --> 00:35:59,200
Speaker 1: what you should be watching. That's how you can be

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00:35:59,320 --> 00:36:02,400
Speaker 1: playing it. But one way or another, in my opinion,

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Speaker 1: the probability, not the possibility, but the probability of Bitcoin

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Speaker 1: being made illegal has dropped significantly and in my opinion,

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00:36:12,640 --> 00:36:16,320
Speaker 1: has a very low probability or slim chance of ever happening.

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Speaker 1: So I'd be getting that Bitcoin position while you still

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Speaker 1: can at the price you can. Now if you're just

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Speaker 1: tuning and you're listening to the Mark mass Show breaking

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00:36:23,600 --> 00:36:26,880
Speaker 1: down you know, politics, finance, and technology, talking about the

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Speaker 1: combination of those three what I called the decentralized Revolution.

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Speaker 1: I've been breaking down what happened with the bitcoin crypto

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00:36:34,080 --> 00:36:35,520
Speaker 1: currency ecosystem and what's.

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Speaker 2: Happening with bitcoin.

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00:36:36,120 --> 00:36:37,680
Speaker 1: If you missed it, catch it out on the podcast

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00:36:37,719 --> 00:36:40,720
Speaker 1: just search the Mark Moss Show. Follow me on Twitter

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00:36:40,840 --> 00:36:43,000
Speaker 1: at one Mark Moss and that's what I got. Thanks

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Speaker 1: so much for listening.

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Speaker 2: The next time,