WEBVTT - The Institutional Conspiracy To Take Over Bitcoin Exposed 0:00:00.160 --> 0:00:03.000 Hello, and welcome to another episode of The Mark Moss Show, 0:00:03.000 --> 0:00:06.280 where of course we're always talking about the decentralized revolution, 0:00:06.440 --> 0:00:09.039 talking about, of course the way the world is changing 0:00:09.720 --> 0:00:13.119 through the lens of politics, finance, and technology. Of course 0:00:13.119 --> 0:00:16.759 that technology is bitcoin. It's changing the world. But we 0:00:16.880 --> 0:00:21.000 like to look at all three of those disciplines, politics, finance, 0:00:21.000 --> 0:00:23.400 and technology because those are the driving forces of the world. 0:00:23.400 --> 0:00:26.720 And rather than looking at each one of them in 0:00:26.760 --> 0:00:29.160 a silo by itself, we'd look at all three of 0:00:29.200 --> 0:00:31.920 them where they converge, so we can have a better 0:00:32.000 --> 0:00:34.440 context to what is going on in the world today. 0:00:34.440 --> 0:00:37.559 And of course in those three realms, in those three disciplines, 0:00:37.600 --> 0:00:40.720 there is no shortage of information happening. We are moving 0:00:40.720 --> 0:00:43.080 at a breakneck speed. So it gives me a lot 0:00:43.120 --> 0:00:46.159 of stuff to talk about. And today we have a 0:00:46.200 --> 0:00:48.920 big show coming up for you because it has been 0:00:49.760 --> 0:00:54.360 massive fireworks going on in the political and the financial space, 0:00:54.480 --> 0:00:56.760 well yeah, and even the technological space in a sense 0:00:57.000 --> 0:00:59.400 where we've been talking about really since last year. 0:00:59.800 --> 0:01:01.640 I told you that the the. 0:01:02.600 --> 0:01:07.840 Crackdown on the cryptocurrency space was going to becoming full 0:01:08.000 --> 0:01:11.760 scale assault, and it has. I told you that Gary 0:01:11.800 --> 0:01:14.520 Gensler and the SEC had egg on his face and 0:01:14.600 --> 0:01:17.960 he was coming hard for crypto, and he has and 0:01:18.040 --> 0:01:20.840 as bad as things have gotten, all. 0:01:20.720 --> 0:01:24.200 The sudden things are turning around. This is big, big news. 0:01:24.200 --> 0:01:27.680 So we're going to talk about this anti crypto conspiracy 0:01:28.120 --> 0:01:30.880 that's been happening, how all that got set up, what's 0:01:30.880 --> 0:01:32.000 been happening. 0:01:32.200 --> 0:01:34.240 What historical parallels are. 0:01:34.240 --> 0:01:35.840 We're going to go all the way back to the 0:01:35.920 --> 0:01:39.039 eighteen hundreds and pull some historical parallels forwards. 0:01:39.080 --> 0:01:40.319 You can understand that we're. 0:01:40.160 --> 0:01:44.720 Going to talk about this new institutional adoption that's happening, 0:01:45.080 --> 0:01:49.920 who's getting involved, who the Federal Reserve is partnering. 0:01:49.440 --> 0:01:50.120 With on this. 0:01:51.040 --> 0:01:53.680 We're going to talk about, you know, the institutional backlash. 0:01:53.680 --> 0:01:56.920 We're going to talk about these different institutions, what's happening there. 0:01:56.960 --> 0:01:57.560 And then of. 0:01:57.560 --> 0:02:00.120 Course we're going to talk about what you need need 0:02:00.240 --> 0:02:02.960 to be watching and paying attention to, and more specifically, 0:02:03.320 --> 0:02:06.880 how you can be playing this to take advantage of 0:02:06.920 --> 0:02:08.359 this as is all unfolds. 0:02:08.480 --> 0:02:10.440 It's a big show. I got a lot to cover. 0:02:10.520 --> 0:02:11.400 It's exciting stuff. 0:02:11.400 --> 0:02:13.160 So I want to go ahead and just jump right 0:02:13.280 --> 0:02:18.320 in now. Like I said, talking about this anti crypto conspiracy. Now, 0:02:18.720 --> 0:02:20.320 I've been talking about this a lot as a matter 0:02:20.360 --> 0:02:23.360 of fact. You know, last year, obviously we covered the 0:02:23.480 --> 0:02:27.840 entire cryptocurrency market collapse, starting with terror Luna crashing, which 0:02:27.919 --> 0:02:30.880 then led to this domino effect of Thurero's capital, and 0:02:30.919 --> 0:02:34.640 then Celsius, FTX and buying Ince started duking it out. 0:02:34.680 --> 0:02:37.600 Look FTX would the last one standing, and then FTX collapsed. 0:02:38.520 --> 0:02:42.040 Sam Bankman freed, who is you know, pending charges, you know, 0:02:42.120 --> 0:02:46.280 defrauded about sixty billion dollars worth of money. No big deal, 0:02:46.680 --> 0:02:49.079 looking like he potentially could get out of a bunch 0:02:49.120 --> 0:02:51.760 of these felony accounts, maybe get a slap on the wrist. 0:02:51.800 --> 0:02:53.760 And I guess that's what you get for, you know, 0:02:54.040 --> 0:02:59.720 being the Democratic Party's largest largest donor forty million dollars 0:03:00.080 --> 0:03:03.359 to the Democratic Party. But that's another story for another time. 0:03:03.800 --> 0:03:06.000 But what I said after that, and I didn't make 0:03:06.040 --> 0:03:08.760 any friends from doing this, And I wasn't trying to 0:03:08.800 --> 0:03:12.600 start up controversy, nor was I trying to make anyone angry, 0:03:12.639 --> 0:03:15.200 although I certainly did. But I went and I said, look, 0:03:16.160 --> 0:03:21.040 if you understand how the cryptocurrency space works, then you'll 0:03:21.160 --> 0:03:26.160 understand why this is going to change things. And why, 0:03:26.360 --> 0:03:29.400 as I stated back then, we will not see another 0:03:29.600 --> 0:03:35.280 cryptocurrency bull run. Now I said cryptocurrency as a category, 0:03:35.480 --> 0:03:39.480 and I'm saying cryptocurrency, not bitcoin. I'm using bitcoin, and 0:03:39.520 --> 0:03:42.480 cryptocurrency is different. Now why did I say that, Well, 0:03:42.560 --> 0:03:44.040 I don't want to go all the way back through that. 0:03:44.320 --> 0:03:46.920 You can go back and listen to those those shows 0:03:46.920 --> 0:03:49.320 on the podcast, So just search Mark Moss Show on 0:03:49.360 --> 0:03:51.720 your favorite podcast player, or you can go onto the 0:03:51.720 --> 0:03:54.680 YouTube channel and search Market Disruptors on my Market Disruptors 0:03:54.720 --> 0:03:55.240 YouTube channel. 0:03:55.280 --> 0:03:56.240 You can find those on there. 0:03:57.120 --> 0:03:59.800 But basically, what I was saying is that you know, 0:04:00.600 --> 0:04:03.800 the SEC is it looks very bad, looks very very bad, 0:04:03.880 --> 0:04:06.360 and they were going to come full guns blazing and 0:04:06.400 --> 0:04:08.640 start cracking down on this and shutting it down. And 0:04:08.760 --> 0:04:11.960 certainly that's what's happened now, as I said, to not 0:04:12.040 --> 0:04:13.560 another bull run. And the reason why I said that 0:04:13.640 --> 0:04:16.640 is because if you go back to like twenty seventeen, 0:04:17.120 --> 0:04:20.440 that was kind of the real first really really really 0:04:20.440 --> 0:04:24.400 big cryptocurrency as a category bull run. It's when I 0:04:24.440 --> 0:04:27.800 started making content regarding this subject as well. Bitcoin went 0:04:27.839 --> 0:04:31.479 from one thousand dollars to twenty thousand dollars in that 0:04:31.560 --> 0:04:34.960 year of twenty seventeen ethereum, I don't remember the exact dates, 0:04:35.000 --> 0:04:37.279 went from somewhere like five or ten dollars up to 0:04:37.880 --> 0:04:40.040 I don't even remember seven eight hundred dollars. At the time, 0:04:40.440 --> 0:04:44.000 it was, it was a crazy time. But then something happened. 0:04:45.040 --> 0:04:49.239 In December of twenty seventeen, there was a choke point 0:04:49.920 --> 0:04:55.280 all of a sudden in Unison. The banks shut down 0:04:55.400 --> 0:04:58.719 access to get into cryptocurrency, the social media platforms shut 0:04:58.760 --> 0:05:02.560 down all advertised of cryptocurrency, and just like that, a 0:05:02.640 --> 0:05:05.240 ground to a halt. The entire market collapsed. Now at 0:05:05.240 --> 0:05:08.240 that time, back in twenty seventeen, early twenty eighteen, we 0:05:08.279 --> 0:05:12.960 were talking about how the Wall Street institutions were not 0:05:13.120 --> 0:05:16.600 happy that they got left out of this. So typically 0:05:16.600 --> 0:05:18.480 when you go back through technology booms, look at the 0:05:18.680 --> 0:05:22.880 dotcom boom in the early two thousands, late nineties, it's 0:05:22.960 --> 0:05:26.560 the institutions, it's Silicon Valley, it's Wall Street that gets 0:05:26.600 --> 0:05:30.880 into these deals. First, they get first crack venture capital deals, 0:05:30.960 --> 0:05:34.040 and then eventually when it goes public, you and I, 0:05:34.240 --> 0:05:37.200 the retail public, can get in and we typically get 0:05:37.240 --> 0:05:39.159 dumped on. They got in early, made the money, they 0:05:39.240 --> 0:05:41.320 dump on us, we lose money. That's how it works. 0:05:41.600 --> 0:05:43.840 But in this cryptocurrency boom, it. 0:05:43.760 --> 0:05:44.520 Was the people. 0:05:45.040 --> 0:05:47.960 It was the retail people that got the money, and 0:05:48.120 --> 0:05:50.760 all the institutions were left out. So at the time 0:05:50.839 --> 0:05:53.080 back there twenty seventeen, twenty eighteen, I started talking about 0:05:53.120 --> 0:05:54.360 how they weren't. 0:05:54.120 --> 0:05:54.840 Happy about this. 0:05:54.920 --> 0:05:57.160 Wall Street wanted to get in and they wanted to 0:05:57.200 --> 0:06:00.279 kind of shut this down while they had time to 0:06:00.279 --> 0:06:03.280 get back in. Well, it takes Wall Street institutions a 0:06:03.400 --> 0:06:06.200 lot of time to get back in. And I think 0:06:06.200 --> 0:06:09.200 there's a very interesting parallest. Let me tell you a 0:06:09.240 --> 0:06:13.159 story about this. So on HBO there's a series called Deadwood, 0:06:13.240 --> 0:06:17.920 and now Deadwood is it's a fictional story about real events, 0:06:17.960 --> 0:06:20.920 right about the gold rush, California gold Rush. So during 0:06:20.960 --> 0:06:25.080 the Dakota gold Rush, it was the regular people who 0:06:25.120 --> 0:06:28.360 got in really really early in that gold rush run 0:06:28.760 --> 0:06:31.480 and they're the ones that made the fortune. It wasn't 0:06:31.520 --> 0:06:36.320 the mining magnets, it wasn't the industrialists. And that was 0:06:36.440 --> 0:06:39.039 sort of like today there at this time that the 0:06:39.040 --> 0:06:43.800 crypto investors they got in, they were savvy speculators, right, 0:06:44.120 --> 0:06:46.960 But it wasn't that the magnets. It wasn't the industrialist 0:06:47.000 --> 0:06:50.520 that got in. Now, in this fictionalized version of Deadwood, though, 0:06:50.560 --> 0:06:52.760 there was a wealthy miner's name is George Hurst, who 0:06:52.800 --> 0:06:56.120 was the father of publishing magnate William Randolph Hurst, and 0:06:56.160 --> 0:07:00.719 he swindled all of these, you know, retail savvy speculators 0:07:00.760 --> 0:07:04.640 out of their mining shares. Now, it's not too far 0:07:04.680 --> 0:07:07.680 from the truth. According to the rumors at that time, 0:07:08.160 --> 0:07:13.960 Hurst used intimidation, misinformation, and violence to actually force people 0:07:14.000 --> 0:07:17.840 to sell their claims. He even purchased newspapers in the 0:07:17.920 --> 0:07:24.280 town to influence the public opinion. Now, if you recognize 0:07:24.800 --> 0:07:27.640 the strategy that Hirst used, does it sound sort of 0:07:27.680 --> 0:07:31.720 similar to how social media companies worked in Unison to 0:07:32.520 --> 0:07:36.880 ban all talk and all advertising of cryptocurrencies, and the 0:07:36.920 --> 0:07:40.280 banks also banned your ability to even move money in 0:07:40.320 --> 0:07:43.400 and out of these cryptocurrency exchanges. Sounds sort of similar 0:07:43.480 --> 0:07:47.880 right now. In that bid to buy in really really cheap, 0:07:48.400 --> 0:07:51.400 Hearst agents started to float rumors that the government would 0:07:51.440 --> 0:07:54.920 seize all the land in the town, and so prospectors 0:07:54.960 --> 0:07:57.600 believed the rumors and they sold their mining shares for 0:07:57.760 --> 0:08:01.880 pennies to Hearst agents. Now, the conspiracy works right first 0:08:01.880 --> 0:08:05.240 and his partners they bought the biggest mine in the region. 0:08:05.320 --> 0:08:05.960 It was called. 0:08:05.800 --> 0:08:09.720 Homesteak for a basement a bargain price of only seventy 0:08:09.880 --> 0:08:12.720 thousand dollars would be worth about one point seven million 0:08:12.920 --> 0:08:17.680 in today's dollars, and Homesteak would become the richest gold 0:08:17.760 --> 0:08:22.400 mine in US history. From eighteen seventy nine to two 0:08:22.400 --> 0:08:27.440 thousand and two, the mine produced forty four million ounces 0:08:27.480 --> 0:08:31.320 of gold and nine million ounces of silver At today's prices, 0:08:31.600 --> 0:08:36.600 that's a combined eighty six point two billion in precious 0:08:36.640 --> 0:08:39.240 metals that they paid one point seventy four And here's 0:08:39.240 --> 0:08:43.960 why I'm telling you this, because now we are seeing 0:08:44.000 --> 0:08:47.000 the same thing Gary Ginsler's crypto reign of terror. Here 0:08:47.000 --> 0:08:50.600 he comes charges against Binance, charges against Coinbase, the two 0:08:50.640 --> 0:08:54.360 largest cryptocurrency exchanges in the world, you know, saying that 0:08:54.440 --> 0:08:58.760 all these alt coins are securities, forcing popular training platforms 0:08:58.760 --> 0:09:03.640 like Robinhood Dealers, and these tokens are plunging on the news. 0:09:03.640 --> 0:09:05.120 Are they clearing the deck? 0:09:06.600 --> 0:09:09.000 If you're just tuning in right now you are listening 0:09:09.040 --> 0:09:11.080 to the Mark Ma Show. Of course, we're always talking 0:09:11.080 --> 0:09:14.920 about the decentralized revolution, we're talking about cryptocurrencies, and we're 0:09:14.960 --> 0:09:17.120 talking about so much more. 0:09:17.440 --> 0:09:18.880 I got to take a quick break. I'm going to 0:09:18.920 --> 0:09:21.400 be right back with more. So don't go away. We 0:09:21.480 --> 0:09:23.600 are back, all right, Welcome back. 0:09:23.640 --> 0:09:25.200 If you're just tune in and you're listening to the 0:09:25.240 --> 0:09:28.600 Mark Mas Show, we're talking about, of course, the decentralized revolution. 0:09:28.679 --> 0:09:32.000 I'm breaking down right now, what. 0:09:32.120 --> 0:09:36.360 Is going on with this entire anti crypto crackdown as 0:09:36.360 --> 0:09:39.120 I've been calling it, but more importantly, the turn of 0:09:39.160 --> 0:09:41.520 events that just happened that is. 0:09:41.559 --> 0:09:42.959 Blowing things wide open. 0:09:43.400 --> 0:09:46.160 And yeah, I'm taking a little parade lap, maybe giving 0:09:46.160 --> 0:09:48.439 myself a little pat on the back, because I think 0:09:48.559 --> 0:09:51.319 I pretty much nailed this one by. 0:09:51.600 --> 0:09:53.960 Again, if you're just tuned in, you've kind of missed. 0:09:53.960 --> 0:09:55.880 But you know, I'm talking about how I, after the 0:09:56.120 --> 0:09:59.720 fall of FTX, the largest cryptocurrency exchange the United States, 0:10:00.120 --> 0:10:03.840 late last year, I predicted that cryptocurrency as a category 0:10:03.880 --> 0:10:07.480 would not see another bull run, but bitcoin, I said, 0:10:07.520 --> 0:10:08.680 would do very well. 0:10:09.360 --> 0:10:10.559 Now I'm getting. 0:10:10.280 --> 0:10:12.320 Into that right now, And I was talking about this 0:10:12.559 --> 0:10:15.320 historical parallel kind of the gold Rush days of how 0:10:16.040 --> 0:10:20.600 large investors cleared the deck to allow the big boys 0:10:20.640 --> 0:10:24.280 to come in and get their share, and that's exactly 0:10:24.360 --> 0:10:28.560 what it seems like we're starting to see. So Gary Ginsler, 0:10:29.040 --> 0:10:32.280 the twenty twenty three crypto Reign of Terror, going after Buyinance, 0:10:32.360 --> 0:10:37.000 going after coinbase, labeling all coins as securities, forcing exchanges 0:10:37.040 --> 0:10:39.680 to delist them, Robinhood to delist them, all these things. 0:10:41.000 --> 0:10:43.880 Everything I said what happened has happened. These coins have 0:10:44.280 --> 0:10:47.439 plummeted in value because everyone's trying to get rid of 0:10:47.480 --> 0:10:52.000 them and there's no byside liquidity. Now I did say 0:10:52.040 --> 0:10:54.319 that I think it would be good for bitcoin. We're 0:10:54.320 --> 0:10:55.760 going to come back to that in a second. But 0:10:56.400 --> 0:11:02.199 here we have the largest, not one of the largest, 0:11:02.240 --> 0:11:06.760 but the largest asset manager in the world. We're talking 0:11:06.760 --> 0:11:10.600 about the behemoth of bohemoths. And if you don't know 0:11:10.640 --> 0:11:14.360 who I'm talking about, I'm talking about Blackrock. Now, they're 0:11:14.400 --> 0:11:16.360 not a company I typically talk favorably of. 0:11:16.440 --> 0:11:18.000 I call them the Evil Empire. 0:11:18.440 --> 0:11:20.839 They're the largest company asset manager in the world, over 0:11:20.960 --> 0:11:24.840 ten trillion dollars in AUM as they call it assets 0:11:24.880 --> 0:11:28.400 under management. And with that ten trillion dollars of assets 0:11:28.440 --> 0:11:30.480 under management, they're the largest asset manager in the world 0:11:30.520 --> 0:11:34.360 and they own a majority of almost every publicly traded 0:11:34.440 --> 0:11:38.080 company out there. If you look at almost any publicly 0:11:38.080 --> 0:11:40.000 traded company out there, you're going to find that there's 0:11:40.840 --> 0:11:44.640 they're owned by one of three companies, mostly Blackrock and 0:11:44.679 --> 0:11:48.800 then State Street and then Vanguard, and so they own 0:11:48.840 --> 0:11:51.760 almost every company. Now, I do want to say that. 0:11:51.920 --> 0:11:54.720 Where did they get this money? Where did they get. 0:11:54.480 --> 0:11:57.079 This ten trillion dollars? This is a very important piece. 0:11:57.600 --> 0:11:59.000 We're going to come back to this at the end. 0:11:59.040 --> 0:12:03.240 But it's your money. If you have a pension, if 0:12:03.280 --> 0:12:05.080 you have a four to one k a mutual fund, 0:12:05.160 --> 0:12:09.479 there's a good chance it's one of those three companies Blackrock, Vanguard, 0:12:09.559 --> 0:12:11.600 or State Street. I was explaining to this to one 0:12:11.600 --> 0:12:14.040 of my fireman buddies last week and he's like, oh, yeah, 0:12:14.200 --> 0:12:16.520 our funds with Vanguard, right, And so it's with one 0:12:16.520 --> 0:12:18.760 of those. But the thing is is like, how do 0:12:18.840 --> 0:12:23.080 they use that money? Well, they use it against you. 0:12:23.320 --> 0:12:25.800 They use it against your better interest. And as a 0:12:25.840 --> 0:12:27.920 matter of fact, they have now taken this position as 0:12:28.040 --> 0:12:31.839 activist investors, like for example, Blackrock took over control and 0:12:31.920 --> 0:12:37.120 interest to Exxon and made them dive vest from their 0:12:37.240 --> 0:12:40.240 oil fields, which is kind of weird because Exon is 0:12:40.280 --> 0:12:43.240 an oil company. Now, wouldn't that hurt their profits, you 0:12:43.320 --> 0:12:45.920 might ask, And the answer is yes, it would hurt 0:12:45.920 --> 0:12:49.720 their profits. It did hurt their profits. But they don't care. 0:12:50.400 --> 0:12:54.560 It's not their money. Their ideology over everything, which is 0:12:54.559 --> 0:12:57.880 why you see bud Light doing you know what they're doing, 0:12:57.920 --> 0:13:00.880 and you see Target doing what they're doing, and you 0:13:00.920 --> 0:13:04.240 see north Face and all these companies following suit because 0:13:04.280 --> 0:13:08.559 they don't care about the money because it's not their money. 0:13:08.679 --> 0:13:10.280 That's a whole other topic for a whole nother day. 0:13:10.280 --> 0:13:14.640 I've covered that extent in great deal on other shows. 0:13:15.240 --> 0:13:17.960 But Blackrock is the behemoth of the behemoth. They are 0:13:18.040 --> 0:13:20.640 so big, as a matter of fact, that they're basically 0:13:20.720 --> 0:13:23.240 the partner of the Federal Reserve. 0:13:24.080 --> 0:13:25.000 Yes, the Reserve. 0:13:25.000 --> 0:13:26.080 As a matter of fact, If we go back to 0:13:26.120 --> 0:13:29.960 twenty twenty, when the FED was trying to bail out 0:13:30.360 --> 0:13:33.080 Wall Street as the entire world shut down through the pandemic, 0:13:33.760 --> 0:13:36.800 the FED had to inject money into the market that 0:13:36.880 --> 0:13:40.920 it wasn't legally able to do, and so it partnered 0:13:40.960 --> 0:13:45.600 with Blackrock to purchase bonds on behalf of the FED. 0:13:46.360 --> 0:13:49.040 All right, so they are partners with the Fed. They 0:13:49.080 --> 0:13:51.200 have been working with the FED now through this banking 0:13:51.240 --> 0:13:55.160 crisis to help the FED figure out and the Treasury 0:13:55.160 --> 0:13:57.800 how to get money back into the banking system. They're 0:13:57.840 --> 0:14:00.520 helping out with Ukraine, kind of leading the charge on 0:14:00.600 --> 0:14:03.880 getting money into Ukraine. So they are partners with the 0:14:03.880 --> 0:14:07.480 feederser of their partners with the government. They are again 0:14:07.800 --> 0:14:11.960 the bohemoth of the bohemoth. Now, I want to just 0:14:12.280 --> 0:14:14.200 state that real quickly because I want you to understand 0:14:14.200 --> 0:14:17.480 the depth of this. Now, going back to this, we 0:14:17.559 --> 0:14:22.720 saw that in twenty seventeen, the CEO of Blackrock, Larry Fink, 0:14:22.960 --> 0:14:28.480 called bitcoin quote an index of money laundering. That's in 0:14:28.520 --> 0:14:31.760 twenty seventeen. And we've seen Warren Buffett and his partner 0:14:31.840 --> 0:14:35.240 Charlie Munger many times go on call it rat poison, 0:14:36.360 --> 0:14:40.200 rat poison squared, you know, all these things. We saw 0:14:41.400 --> 0:14:45.480 Jamie Diamond from you know, JP Morgan Chase said that 0:14:45.600 --> 0:14:49.960 he would fire anybody in his company that was trading it. 0:14:50.280 --> 0:14:53.080 I mean, these were some bold, bold words. Now I 0:14:53.120 --> 0:14:56.080 don't hold it against him because everybody was a skeptic 0:14:56.120 --> 0:14:57.000 at one point. 0:14:57.080 --> 0:15:01.040 But here we have Larry, the Black Rock. 0:15:01.040 --> 0:15:06.280 CEO, arguably the most I mean, I say arguably him 0:15:06.320 --> 0:15:08.480 and Jimmie Diamond might argue about it. 0:15:08.720 --> 0:15:09.080 I might. 0:15:10.560 --> 0:15:15.520 It might tip my hat to Larry Fink, of the 0:15:15.880 --> 0:15:18.960 most influential financial people in the world. And money makes 0:15:18.960 --> 0:15:22.320 the world go round, you know, as Mayor Rothschild famously 0:15:22.360 --> 0:15:25.400 said several hundred years ago, give me control over the 0:15:25.480 --> 0:15:28.080 nation's money. I care not who makes the laws. And 0:15:28.120 --> 0:15:32.680 so that's kind of where they're at. So these institutions, 0:15:32.760 --> 0:15:36.320 these Wall Street institutions, were left out. It was retail 0:15:36.400 --> 0:15:40.200 that got in the game. The retail people made all 0:15:40.240 --> 0:15:42.440 the money in the crypto boom up to twenty seventeen. 0:15:42.920 --> 0:15:45.320 They closed off the excess through the banking, they shut 0:15:45.360 --> 0:15:47.920 off the social media, and the markets crashed back down. 0:15:48.000 --> 0:15:52.240 Twenty eighteen, twenty nineteen, the markets rallied up again, but 0:15:52.280 --> 0:15:55.880 the institutions weren't ready to come back in again. As 0:15:55.880 --> 0:15:58.480 I said earlier, it takes years for them to get 0:15:58.480 --> 0:16:02.320 into position. It takes years to get all their you know, 0:16:02.400 --> 0:16:06.280 regulations in place and things like that. It takes millions 0:16:06.480 --> 0:16:09.400 or you know, billions of dollars for them to build 0:16:09.520 --> 0:16:12.240 out the products and things like that for them to 0:16:12.240 --> 0:16:15.400 come in, and so they weren't ready. Next thing you know, 0:16:15.920 --> 0:16:19.800 Bitcoin's running again. The cryptocurrency market's running again. Bitcoin runs 0:16:19.880 --> 0:16:23.640 up to almost sixty nine thousand dollars. But wait, wait, wait, 0:16:23.880 --> 0:16:24.680 we're not ready. 0:16:24.960 --> 0:16:25.720 We're not ready. 0:16:25.920 --> 0:16:28.760 We don't have we don't have our products up and 0:16:28.800 --> 0:16:29.360 running the end. 0:16:29.480 --> 0:16:30.760 We've been taking too long. 0:16:31.120 --> 0:16:34.520 So going back to the old playbook that was ranting 0:16:34.560 --> 0:16:36.440 the gold Rush days, as they kind of explained the 0:16:36.440 --> 0:16:38.880 story of Deadwood, going back to the playbook that was 0:16:38.920 --> 0:16:43.880 ran in twenty seventeen and twenty eighteen, what do we do, Well, 0:16:43.920 --> 0:16:48.280 how about if we just make everybody think that the 0:16:48.480 --> 0:16:52.000 entire space is going to zero, just like in the 0:16:52.000 --> 0:16:54.440 gold Rush days, they made them think that the land 0:16:54.640 --> 0:16:56.080 was all going to be worthless, it was gonna be 0:16:56.120 --> 0:16:59.200 taken over by the government, it was all gonna be worthless. 0:16:59.200 --> 0:17:04.679 And so everybody starts selling and guess what happens. 0:17:04.760 --> 0:17:06.920 Well, if you're guessing. 0:17:06.520 --> 0:17:10.399 That maybe the old bait and switch, maybe Blackrock, an 0:17:10.440 --> 0:17:13.720 institutional adoption, might be coming in, then you would be right. 0:17:13.880 --> 0:17:16.480 And that is exactly what's happening. 0:17:16.960 --> 0:17:21.560 Blackrock, the Behemoth of the Bohemoth is back in the game, 0:17:21.640 --> 0:17:23.399 or not back in the game. They are in the 0:17:23.440 --> 0:17:26.919 game and they are bringing the big heavy hitters with them. 0:17:26.920 --> 0:17:28.840 I want to tell you about their track record, I 0:17:28.920 --> 0:17:30.560 want to tell you about what they're doing. I want 0:17:30.600 --> 0:17:32.439 to tell you about exactly what this is doing to 0:17:32.480 --> 0:17:34.919 the market already and what you should be expecting this 0:17:35.000 --> 0:17:37.080 from this moving forward. Now, if you're just tuning in 0:17:37.119 --> 0:17:39.560 right now, of course, you're listening to the Mark Mos 0:17:39.600 --> 0:17:43.840 Show breaking down the latest breaking news on the world 0:17:43.840 --> 0:17:47.600 of finance, politics and technology. Were talking about this bitcoin 0:17:48.080 --> 0:17:50.240 etf from Blackrock. I'm going to break all this down 0:17:50.280 --> 0:17:51.600 for you, tell you what should be doing, what should 0:17:51.600 --> 0:17:52.919 be watching. I'll be back with more than that in 0:17:52.960 --> 0:17:56.719 a minute. Don't go away, We right back, all right, 0:17:56.760 --> 0:17:58.680 welcome back. If you are just tuning in, you are 0:17:58.680 --> 0:18:00.800 listening to the Mark Mass Show. Of course, we're talking 0:18:00.840 --> 0:18:03.800 about the decentralized revolution. We're talking about the way the 0:18:03.840 --> 0:18:08.280 world is changing through the through right before our very eyes. 0:18:08.280 --> 0:18:09.680 As I always like to say, the world that we're 0:18:09.680 --> 0:18:11.720 going to do is not the world that we're leaving behind. 0:18:12.160 --> 0:18:15.040 And things are moving fast, but as much as things change, 0:18:15.560 --> 0:18:19.119 they happen to stay the same. And so this playbook 0:18:19.119 --> 0:18:21.280 that we're seeing, like I said, is right out of 0:18:21.320 --> 0:18:24.280 the eighteen hundreds from the gold rush days and we're 0:18:24.280 --> 0:18:26.760 watching it being played again in real time. 0:18:26.880 --> 0:18:30.879 Now. The big news again is Blackrock. 0:18:31.080 --> 0:18:33.720 Blackrock is coming into the game, the behemoth of behemoths, 0:18:33.760 --> 0:18:35.879 the largest asset manager in the world, ten trillion dollars 0:18:36.040 --> 0:18:41.560 of money, and they now last year they launched a 0:18:41.640 --> 0:18:46.840 private trust offering their institutional US clients direct exposure to bitcoin. 0:18:47.240 --> 0:18:51.360 All right, now, a lot of people, probably the number 0:18:51.560 --> 0:18:55.119 one objection to bitcoin that I would hear typically from 0:18:55.119 --> 0:18:57.439 anybody that doesn't own it or doesn't like it, is 0:18:58.000 --> 0:19:01.800 won't they just make it illegal? Well, first off, who 0:19:01.840 --> 0:19:04.520 are they and would they make it legal? 0:19:04.600 --> 0:19:06.639 And typically, you know, there's a. 0:19:06.640 --> 0:19:09.479 Lot of ways that we could kind of counter that argument. 0:19:09.600 --> 0:19:11.159 And of course none of us know the history or 0:19:11.200 --> 0:19:12.520 I'm sorry, none of us know the future. 0:19:12.720 --> 0:19:13.560 Anything could happen. 0:19:13.600 --> 0:19:16.240 So could it be illegal, sure, But what's the most 0:19:16.320 --> 0:19:19.280 probable solution, what's the most probable outcome? And what I 0:19:19.280 --> 0:19:22.440 would typically say is that I don't think that they'll 0:19:22.440 --> 0:19:26.320 make bitcoin illegal for a number of reasons, and namely 0:19:26.840 --> 0:19:31.399 because there's too much entrenchment within the government. We have 0:19:31.480 --> 0:19:37.240 over twenty five thirty high ranking lawmakers in the government 0:19:37.320 --> 0:19:40.280 now that are bitcoiners that own bitcoin, that like bitcoin, 0:19:40.320 --> 0:19:44.359 that are pro bitcoin. We have now, I guess, with 0:19:45.320 --> 0:19:48.119 Mayor Frances Sarez throwing his hat in the ring, we 0:19:48.119 --> 0:19:54.200 have four candidates running for president on a bitcoin platform. 0:19:54.480 --> 0:19:56.160 Four presidential candidates. 0:19:55.880 --> 0:19:59.080 Running on a bitcoin platform, over thirty high ranking government 0:19:59.119 --> 0:20:02.480 officials that are bitcoin. But then what I would also say, 0:20:02.680 --> 0:20:05.760 then we have about twenty five to thirty million Americans 0:20:05.760 --> 0:20:08.199 that own bitcoin. They're not going to like that. But 0:20:08.240 --> 0:20:10.919 then what I also say is that the financial system, 0:20:10.960 --> 0:20:13.800 and so you know, the black Rocks, the gold Goldman Sacks, 0:20:14.320 --> 0:20:16.720 the JP Morgans, the Fidelities of the world have been 0:20:16.760 --> 0:20:19.120 trying to get into They've been working on getting into 0:20:19.160 --> 0:20:22.240 the bitcoin space for many years. They have been working 0:20:22.280 --> 0:20:24.680 with their regulators, They've been working with their tech teams. 0:20:24.720 --> 0:20:30.359 They've spent collectively, I'm guessing billions and billions of dollars 0:20:30.680 --> 0:20:34.800 to build out their ability to get into bitcoin services. 0:20:34.800 --> 0:20:36.480 They want to make the money, of course they do. 0:20:36.960 --> 0:20:39.919 They want the money, and so last year Blackrock launched 0:20:39.920 --> 0:20:44.480 a private trust offering institutional US clients direct exposure to Bitcoin. 0:20:45.119 --> 0:20:48.480 Fidelity Digital Assets platform allows US clients to buy, store, 0:20:48.480 --> 0:20:51.400 and sell digital assets like bitcoin. If the biggest players 0:20:51.520 --> 0:20:54.200 like Blackrock and Larry Fink. If they've spent this time, 0:20:54.280 --> 0:20:56.520 if they've spent this money to get into bitcoin, you 0:20:56.560 --> 0:20:58.920 think they're just going to let the government make it illegal, 0:21:00.160 --> 0:21:03.320 just gonna lose all that money, all that time, effort 0:21:03.320 --> 0:21:05.960 and money they've spent, all the potential future money they 0:21:05.960 --> 0:21:08.560 could make. They're just gonna let that go away. Well, 0:21:08.600 --> 0:21:12.040 you maybe don't understand the way the law actually works. 0:21:12.160 --> 0:21:16.680 So you see, we have these lawmakers in Washington, the legislators, 0:21:17.040 --> 0:21:20.680 but they don't actually write laws, they don't actually create them. 0:21:20.720 --> 0:21:21.679 What they typically do is. 0:21:21.680 --> 0:21:25.840 They sponsor a bill. But who rights the bill. The 0:21:25.920 --> 0:21:30.040 lobbyists write the bill, Then the legislators sponsor the bill 0:21:30.200 --> 0:21:32.400