1 00:00:00,120 --> 00:00:03,120 Speaker 1: Hey everyone, Welcome back to another episode of The Mark 2 00:00:03,240 --> 00:00:05,920 Speaker 1: Mass Show, where I'm joining you each and every week 3 00:00:06,360 --> 00:00:12,520 Speaker 1: bringing you the weekend's latest news, latest stories on of course, bitcoin, cryptocurrencies, 4 00:00:12,560 --> 00:00:16,120 Speaker 1: and the decentralized revolution, each and every week, making sure 5 00:00:16,160 --> 00:00:19,960 Speaker 1: that you are up to date with the most what 6 00:00:20,120 --> 00:00:23,759 Speaker 1: I call asymmetric information. Now, asymmetric information means that you 7 00:00:23,840 --> 00:00:27,479 Speaker 1: have information that most people don't have. And when you 8 00:00:27,560 --> 00:00:30,800 Speaker 1: have information that most people don't have, it allows you 9 00:00:30,880 --> 00:00:33,800 Speaker 1: to have an edge. It allows you to have um 10 00:00:33,840 --> 00:00:36,400 Speaker 1: an edge in the market where you can have an 11 00:00:36,440 --> 00:00:40,640 Speaker 1: asymmetric opportunity that means you have more upside the downside. Basically, 12 00:00:40,680 --> 00:00:43,839 Speaker 1: what that means is, you know, the way the stock 13 00:00:43,920 --> 00:00:47,480 Speaker 1: market works, the way the real estate market works, those 14 00:00:47,520 --> 00:00:51,599 Speaker 1: have been commoditized. Everybody has all the information and so 15 00:00:51,640 --> 00:00:55,000 Speaker 1: the alpha, which is the profit, has been squeezed. But 16 00:00:55,080 --> 00:00:57,560 Speaker 1: when you can find something brand new, like a private 17 00:00:57,600 --> 00:01:00,840 Speaker 1: equity company or some sort of a somebody that doesn't 18 00:01:01,280 --> 00:01:04,120 Speaker 1: have as much attention on it, um you might find 19 00:01:04,160 --> 00:01:06,800 Speaker 1: something where you know something most people don't have. And 20 00:01:06,840 --> 00:01:09,560 Speaker 1: that's what gives you that a symutal co opportunity, that 21 00:01:09,560 --> 00:01:13,119 Speaker 1: that massive upside edge, and that's where we're at right 22 00:01:13,120 --> 00:01:16,400 Speaker 1: now with bitcoin and with cryptocurrencies. You know, I know 23 00:01:16,680 --> 00:01:20,240 Speaker 1: a lot of you listening right now, UM, I might 24 00:01:20,319 --> 00:01:22,640 Speaker 1: think you're too late. You heard about all the money 25 00:01:22,680 --> 00:01:25,560 Speaker 1: that's been made in the in the years past. It's 26 00:01:25,640 --> 00:01:27,399 Speaker 1: it's one of the most common questions I get asked 27 00:01:27,400 --> 00:01:31,360 Speaker 1: all the time. Is it too late? Did I miss out? Right? 28 00:01:31,640 --> 00:01:33,880 Speaker 1: And on and on and on, And I am here 29 00:01:33,920 --> 00:01:37,319 Speaker 1: to tell you firsthand the answer is no, you did 30 00:01:37,319 --> 00:01:40,160 Speaker 1: not miss out. You are not too late. And honestly, 31 00:01:40,200 --> 00:01:42,399 Speaker 1: I mean just the fact that you might even ask 32 00:01:42,440 --> 00:01:45,759 Speaker 1: yourself the question that but that particular question just shows 33 00:01:45,800 --> 00:01:48,800 Speaker 1: you how early that you are. I mean, we are 34 00:01:48,880 --> 00:01:50,600 Speaker 1: just getting started. As I like to say each and 35 00:01:50,640 --> 00:01:56,320 Speaker 1: every week, this is the decentralized revolution. Now there's um, 36 00:01:56,360 --> 00:01:58,320 Speaker 1: you know, there's new technologies, and you hear about new 37 00:01:58,320 --> 00:02:01,160 Speaker 1: technologies all the time, right new technolog She's like the 38 00:02:01,200 --> 00:02:04,960 Speaker 1: iPhone that was pretty cool. I'm sure most people listening 39 00:02:04,960 --> 00:02:07,080 Speaker 1: to have that, or like Uber that was pretty cool 40 00:02:07,120 --> 00:02:13,120 Speaker 1: as well. And those are technologies that that that continue trends. 41 00:02:14,040 --> 00:02:18,359 Speaker 1: Technological revolutions change the way humanity works. That's what we're 42 00:02:18,360 --> 00:02:21,440 Speaker 1: witnessing right now, and that takes time and So anyway, 43 00:02:21,639 --> 00:02:24,960 Speaker 1: just I'm here to reassure you that you are still early, 44 00:02:25,360 --> 00:02:29,240 Speaker 1: you are not late, um, And so join me each 45 00:02:29,240 --> 00:02:31,920 Speaker 1: and every week on this channel at this time, the 46 00:02:31,960 --> 00:02:35,000 Speaker 1: Mark Moss Show, as we talked about bitcoin and cryptocurrencies 47 00:02:35,040 --> 00:02:38,840 Speaker 1: and the decentralized revolution. Now, if you do tune into 48 00:02:38,880 --> 00:02:40,840 Speaker 1: medi and every week, it will probably be the most 49 00:02:40,880 --> 00:02:45,400 Speaker 1: profitable and hopefully even the most entertaining part of your week. 50 00:02:46,080 --> 00:02:47,799 Speaker 1: But it might come as a surprise to you that 51 00:02:47,880 --> 00:02:49,800 Speaker 1: I'm not going to sit here and talk about the 52 00:02:49,840 --> 00:02:52,720 Speaker 1: price all the time, because out of all the things 53 00:02:52,760 --> 00:02:56,360 Speaker 1: that is happening in this decentralized revolution, I think the 54 00:02:56,400 --> 00:02:59,519 Speaker 1: price is probably the least boring A should say the 55 00:02:59,560 --> 00:03:03,720 Speaker 1: most boring. It's it's the least interesting thing that is happening. 56 00:03:04,600 --> 00:03:09,400 Speaker 1: I mean, we're literally changing the world, literally making moves 57 00:03:09,440 --> 00:03:13,800 Speaker 1: that will shift the way humanity works. Um, that's what's interesting. Um. 58 00:03:13,880 --> 00:03:16,720 Speaker 1: Is it interesting to understand what all these little shifts are, 59 00:03:16,760 --> 00:03:20,960 Speaker 1: how they're working, and what that means for the future. So, UM, 60 00:03:21,000 --> 00:03:22,440 Speaker 1: the way that I like to look at it is, 61 00:03:23,720 --> 00:03:25,799 Speaker 1: I'm sure you've all watched a movie where people went 62 00:03:25,840 --> 00:03:28,720 Speaker 1: back in time. I call it back to the future. 63 00:03:29,000 --> 00:03:30,800 Speaker 1: If you're old enough to remember that one. But you know, 64 00:03:30,840 --> 00:03:32,320 Speaker 1: I'm sure you've all watched a movie where they went 65 00:03:32,360 --> 00:03:34,280 Speaker 1: back in time and they say don't do't don't touch anything. 66 00:03:34,320 --> 00:03:37,000 Speaker 1: Don't touch anything. If you even move one little thing, 67 00:03:37,520 --> 00:03:39,840 Speaker 1: you can have this massive change in the future when 68 00:03:39,840 --> 00:03:43,320 Speaker 1: we go back. That's the ripple effect, butterfly effect. And 69 00:03:43,400 --> 00:03:45,120 Speaker 1: so that's what we like to do, is we like 70 00:03:45,200 --> 00:03:47,120 Speaker 1: to look at these little things that are happening right 71 00:03:47,200 --> 00:03:52,200 Speaker 1: now today that UM witnessing them right now today maybe 72 00:03:52,320 --> 00:03:55,240 Speaker 1: doesn't seem like they're that big of a deal. But 73 00:03:55,440 --> 00:03:57,080 Speaker 1: these are the little things that we need to be 74 00:03:57,120 --> 00:04:00,360 Speaker 1: aware of so that we can take advantage us we 75 00:04:00,400 --> 00:04:04,360 Speaker 1: can participate in UM this massive shift that's happening. So UM, 76 00:04:04,480 --> 00:04:07,640 Speaker 1: the price, especially the daily or the weekly price, is 77 00:04:07,680 --> 00:04:10,600 Speaker 1: probably the least important or the least interesting thing in 78 00:04:10,600 --> 00:04:14,080 Speaker 1: my opinion, but let's talk about it anyway. So big 79 00:04:14,120 --> 00:04:17,159 Speaker 1: news was last week when we were UM, when we 80 00:04:17,160 --> 00:04:20,440 Speaker 1: were together hopefully you're together with me, that that bit 81 00:04:20,480 --> 00:04:23,640 Speaker 1: point was blasting through it's its previous all time high 82 00:04:23,800 --> 00:04:27,960 Speaker 1: and had got almost up to seventy thousand U S dollars. 83 00:04:27,960 --> 00:04:30,560 Speaker 1: We got just over sixty d U s dollars, which 84 00:04:30,560 --> 00:04:35,080 Speaker 1: was pretty amazing. UM. And then it crashed, Oh my gosh, 85 00:04:35,080 --> 00:04:41,200 Speaker 1: it crashed all the way down, um, a devastating from 86 00:04:41,240 --> 00:04:44,200 Speaker 1: its high and it got all the way back down 87 00:04:44,200 --> 00:04:49,599 Speaker 1: to prices not seen for about ten days before. And 88 00:04:49,680 --> 00:04:52,840 Speaker 1: I say that sarcastically because, uh, you wouldn't know by 89 00:04:52,839 --> 00:04:56,159 Speaker 1: the news headlines that come out, UM talking about the 90 00:04:56,200 --> 00:05:00,320 Speaker 1: price and how the price is crashing down and uh, 91 00:05:00,360 --> 00:05:02,800 Speaker 1: you know, panic is in the streets and maybe you 92 00:05:02,839 --> 00:05:05,400 Speaker 1: should sell in all these things, and so I use 93 00:05:05,440 --> 00:05:08,080 Speaker 1: a little bit of sarcasm just to just to kind 94 00:05:08,080 --> 00:05:11,839 Speaker 1: of illustrate how ridiculous that is. Uh. Yeah, we hadn't 95 00:05:11,839 --> 00:05:16,120 Speaker 1: seen this price until October was the last time we said, 96 00:05:16,120 --> 00:05:18,120 Speaker 1: oh I'm sorry about ten days. So we haven't seen 97 00:05:18,120 --> 00:05:19,800 Speaker 1: this price for about ten days. It crashed all the 98 00:05:19,800 --> 00:05:21,839 Speaker 1: way back down. But UM, to give you a little 99 00:05:21,839 --> 00:05:23,520 Speaker 1: bit of perspective, if you're just tuning in and you're 100 00:05:23,520 --> 00:05:28,040 Speaker 1: not really that aware, since October one, we went up 101 00:05:28,080 --> 00:05:32,440 Speaker 1: almost seventy percent, and we're still sitting even with the crash, 102 00:05:33,000 --> 00:05:37,480 Speaker 1: the big crash, we're still sitting up fort in just 103 00:05:37,560 --> 00:05:41,919 Speaker 1: about five weeks now. I don't know if you understand 104 00:05:42,279 --> 00:05:46,800 Speaker 1: what means. But let me give you some perspective. Over 105 00:05:46,839 --> 00:05:50,279 Speaker 1: the last sixty eight years, the stock market, which is 106 00:05:50,279 --> 00:05:54,040 Speaker 1: where the majority of people have their wealth, has averaged 107 00:05:54,040 --> 00:05:59,960 Speaker 1: about a six or eight percent return per year. Six 108 00:06:00,080 --> 00:06:02,800 Speaker 1: or eight percent per year depends on if it's sixty 109 00:06:02,880 --> 00:06:08,600 Speaker 1: or eight years um. And with bitcoin we're up in 110 00:06:08,680 --> 00:06:11,039 Speaker 1: five weeks. So let me just let me just give 111 00:06:11,080 --> 00:06:13,560 Speaker 1: you that perspective real quick, because if you're listening to 112 00:06:13,600 --> 00:06:17,280 Speaker 1: mainstream media, um, they're gonna they're never gonna fill you 113 00:06:17,320 --> 00:06:19,200 Speaker 1: in on the right way. And then to give you 114 00:06:19,240 --> 00:06:21,960 Speaker 1: a little bit more perspective on it, again, the price 115 00:06:22,040 --> 00:06:26,440 Speaker 1: is probably the most uninteresting piece. But since January one, 116 00:06:26,640 --> 00:06:29,680 Speaker 1: again write the stock market those it's eight percent per year, 117 00:06:30,080 --> 00:06:33,760 Speaker 1: we're up a d eighteen percent, So it's pretty amazing 118 00:06:34,040 --> 00:06:36,200 Speaker 1: what it's been doing. But again, like I said, that's 119 00:06:36,200 --> 00:06:39,200 Speaker 1: the least interesting piece. What I'd rather do, let's talk 120 00:06:39,240 --> 00:06:41,200 Speaker 1: about where it could go. And I'm sure a lot 121 00:06:41,240 --> 00:06:45,520 Speaker 1: of you would rather know that as well. Right, Um, 122 00:06:45,640 --> 00:06:48,680 Speaker 1: wouldn't you like to know where the price of bitcoin 123 00:06:48,760 --> 00:06:51,640 Speaker 1: go the valuation of bitcoin could go in the future, 124 00:06:52,080 --> 00:06:54,400 Speaker 1: So as an investor, right, that's what we're looking for. 125 00:06:54,480 --> 00:06:58,240 Speaker 1: They called the they call the stock market a discounting mechanism. 126 00:06:58,600 --> 00:07:01,400 Speaker 1: So that means that I could buy something cheaper today 127 00:07:01,440 --> 00:07:03,280 Speaker 1: that it would be worth in the future. That's what 128 00:07:03,320 --> 00:07:05,680 Speaker 1: we're doing. And if you buy Tesla stock or Facebook 129 00:07:05,720 --> 00:07:09,920 Speaker 1: stock or whatever, you're buying, UM, you're buying that hopefully 130 00:07:09,960 --> 00:07:12,160 Speaker 1: at a price lower than where you think will be 131 00:07:12,240 --> 00:07:14,040 Speaker 1: in the future, so you have some profit. You could 132 00:07:14,040 --> 00:07:16,680 Speaker 1: also be buying it higher than where you think will 133 00:07:16,720 --> 00:07:18,360 Speaker 1: be in the future. In that case you might short it, 134 00:07:18,440 --> 00:07:20,320 Speaker 1: and that's okay as well. But the point is that 135 00:07:20,360 --> 00:07:23,120 Speaker 1: you're you're buying it um, you know, typically at a 136 00:07:23,120 --> 00:07:24,680 Speaker 1: at a discount to where you think you can sell 137 00:07:24,680 --> 00:07:27,520 Speaker 1: it for in the future, and so UM, when you're 138 00:07:27,520 --> 00:07:29,040 Speaker 1: looking at the price, you're really trying to think about 139 00:07:29,040 --> 00:07:31,600 Speaker 1: where and go in the future, which is um seems 140 00:07:31,760 --> 00:07:35,400 Speaker 1: common sense, right, doesn't that seem kind of normal? Which 141 00:07:35,600 --> 00:07:38,720 Speaker 1: it is. But if that's so normal, then why is 142 00:07:38,760 --> 00:07:41,440 Speaker 1: it that everybody always comes in and says, well, bitcoin 143 00:07:41,520 --> 00:07:46,160 Speaker 1: seems really expensive to me, Well, it seems expensive compared 144 00:07:46,200 --> 00:07:50,160 Speaker 1: to what is it expensive compared to where it was 145 00:07:50,280 --> 00:07:53,520 Speaker 1: ten years ago at at a at a penny, or 146 00:07:53,840 --> 00:07:56,800 Speaker 1: expensive to where it was at the beginning of the year, 147 00:07:58,200 --> 00:07:59,840 Speaker 1: or is it expensive compared to where it's going to 148 00:07:59,880 --> 00:08:03,000 Speaker 1: be in the future. Now, remember, right, we're always supposed 149 00:08:03,000 --> 00:08:05,480 Speaker 1: to be trying to buy it cheaper than we think 150 00:08:05,480 --> 00:08:06,680 Speaker 1: it will be in the future, so we should be 151 00:08:06,680 --> 00:08:08,360 Speaker 1: thinking about where the price will be in the future. 152 00:08:08,720 --> 00:08:10,480 Speaker 1: But when people come in and say it's it's it's 153 00:08:10,480 --> 00:08:13,080 Speaker 1: too expensive, they're comparing it to where it was in 154 00:08:13,120 --> 00:08:16,920 Speaker 1: the past, which doesn't make any sense, does it. The 155 00:08:16,920 --> 00:08:18,880 Speaker 1: answer is no, it doesn't make any sense. Of course, 156 00:08:19,080 --> 00:08:22,080 Speaker 1: most people don't really think through this logically, which is 157 00:08:22,120 --> 00:08:25,360 Speaker 1: why I'm here talking in your ear every single week, 158 00:08:25,480 --> 00:08:27,200 Speaker 1: so I can really help you make sense of this. 159 00:08:27,240 --> 00:08:29,160 Speaker 1: I want to change the way that you think about money, 160 00:08:29,480 --> 00:08:32,640 Speaker 1: change the way that you think about bitcoin and cryptocurrencies, 161 00:08:33,120 --> 00:08:36,959 Speaker 1: and so um, hopefully a little thought exercise helped you. Um, 162 00:08:37,080 --> 00:08:38,599 Speaker 1: you're trying to buy it cheaper than it will be 163 00:08:38,600 --> 00:08:40,640 Speaker 1: in the future, so we want to understand where it 164 00:08:40,679 --> 00:08:43,720 Speaker 1: will be, and so I want to tell you. I 165 00:08:43,760 --> 00:08:45,240 Speaker 1: want to tell you where I think it can be 166 00:08:45,280 --> 00:08:47,120 Speaker 1: in the future, and not just me. I mean, who 167 00:08:47,160 --> 00:08:49,199 Speaker 1: am I? I mean? Yeah, I've been studying and talking 168 00:08:49,240 --> 00:08:51,320 Speaker 1: about bitcoin for a long time. But let's look at 169 00:08:51,360 --> 00:08:53,560 Speaker 1: some of the biggest names on Wall Street and see 170 00:08:53,559 --> 00:08:56,640 Speaker 1: where they think it could be. Names like Cathy would 171 00:08:56,760 --> 00:08:59,439 Speaker 1: Maybe you've heard of her. She runs the largest tech 172 00:08:59,720 --> 00:09:02,920 Speaker 1: fun on Wall Street. Yep, see somebody that I would 173 00:09:02,960 --> 00:09:07,080 Speaker 1: listen to, or maybe um from the fund managers that 174 00:09:07,160 --> 00:09:10,800 Speaker 1: were just surveyed from Bank of America. Maybe let's find 175 00:09:10,800 --> 00:09:13,000 Speaker 1: out where they think it would be. So I want 176 00:09:13,040 --> 00:09:16,240 Speaker 1: to bring that information back to you. Where will bitcoin be? 177 00:09:16,360 --> 00:09:17,800 Speaker 1: Can we buy it cheaper today than will be in 178 00:09:17,800 --> 00:09:20,520 Speaker 1: the future. So we'll talk about those things. Of course, 179 00:09:20,559 --> 00:09:24,439 Speaker 1: you're listening to the Mark mass Show. We're talking about bitcoin, cryptocurrencies, 180 00:09:24,440 --> 00:09:27,280 Speaker 1: and the decentralized Revolution. I'll be right back, all right, 181 00:09:27,360 --> 00:09:29,800 Speaker 1: welcome back. You are listening to the Mark ma Show, 182 00:09:29,840 --> 00:09:33,280 Speaker 1: and we are talking about bitcoin. Of course, each and 183 00:09:33,320 --> 00:09:35,480 Speaker 1: every week we're talking about bitcoin, and we're talking about 184 00:09:35,480 --> 00:09:41,600 Speaker 1: the cryptocurrency movement. We're talking about the decentralized revolution. Now 185 00:09:41,800 --> 00:09:43,640 Speaker 1: I know I'm boring you. I'm boring you. If you 186 00:09:43,679 --> 00:09:45,439 Speaker 1: were with me before the break, I was talking about 187 00:09:45,440 --> 00:09:48,680 Speaker 1: bitcoin's price, and I've told you it's probably the least 188 00:09:48,679 --> 00:09:52,559 Speaker 1: interesting thing about it, at least my least favorite thing 189 00:09:52,559 --> 00:09:55,160 Speaker 1: to talk about. But I always call it the bait 190 00:09:55,200 --> 00:09:57,720 Speaker 1: and switch. People come in hoping to make a bunch 191 00:09:57,720 --> 00:10:00,559 Speaker 1: of money. That's the bait, and the switch is they 192 00:10:00,600 --> 00:10:04,960 Speaker 1: realize that this is the tool that will bring us 193 00:10:05,000 --> 00:10:09,400 Speaker 1: back our freedom. This is the tool that will change 194 00:10:09,480 --> 00:10:12,319 Speaker 1: the entire world. This is the tool that will make 195 00:10:12,360 --> 00:10:17,200 Speaker 1: sure our children live in a free and valuable world 196 00:10:17,600 --> 00:10:23,400 Speaker 1: as opposed to not free, a totalitarian world. Bitcoin is 197 00:10:23,440 --> 00:10:26,400 Speaker 1: that tool. It is that different. So, uh, while bitcoin 198 00:10:26,559 --> 00:10:29,040 Speaker 1: price may not be that interesting compared to those subjects 199 00:10:29,040 --> 00:10:31,880 Speaker 1: like saving humanity, we'll finish talking about it because, like 200 00:10:31,880 --> 00:10:33,760 Speaker 1: I said, it is the bait that brings people in 201 00:10:33,800 --> 00:10:35,719 Speaker 1: for the switch. And so before the break, I was 202 00:10:35,800 --> 00:10:40,040 Speaker 1: kind of telling you that, Um, most people understand intuitively 203 00:10:40,080 --> 00:10:42,199 Speaker 1: that you're trying to buy a stock like Tesla or 204 00:10:42,200 --> 00:10:44,880 Speaker 1: Facebook cheaper than where you think will be in the future. 205 00:10:44,920 --> 00:10:47,760 Speaker 1: But most people think that bitcoin is expensive because they 206 00:10:47,760 --> 00:10:50,920 Speaker 1: compared to the past, which doesn't make sense. So where 207 00:10:51,080 --> 00:10:53,880 Speaker 1: do we think bitcoin could be in the future. Well, 208 00:10:54,080 --> 00:10:56,240 Speaker 1: the easy there there's a bunch of ways to get 209 00:10:56,280 --> 00:10:58,880 Speaker 1: to this data, and the easy way is to go 210 00:10:59,000 --> 00:11:02,560 Speaker 1: will what markets is it disrupting? Where will it pull 211 00:11:02,600 --> 00:11:05,160 Speaker 1: its value from? How big are those markets? And do 212 00:11:05,200 --> 00:11:07,960 Speaker 1: we think and get one percent, five percent, ten percent 213 00:11:08,000 --> 00:11:11,520 Speaker 1: of those markets. That'd be an easy way to do that, UM, 214 00:11:11,559 --> 00:11:12,880 Speaker 1: And we can we can walk through some of those 215 00:11:12,880 --> 00:11:14,960 Speaker 1: thought exercises. But I wanted to look at a couple 216 00:11:15,000 --> 00:11:16,520 Speaker 1: of news stories that just came out this week that 217 00:11:16,559 --> 00:11:21,080 Speaker 1: I think you should know. So for example, UM, there 218 00:11:21,160 --> 00:11:23,600 Speaker 1: was a poll that was recently run by Bank of 219 00:11:23,640 --> 00:11:28,920 Speaker 1: America and they pulled their fund managers. These are guys that, UM, 220 00:11:29,000 --> 00:11:33,439 Speaker 1: you know, have educations and degrees and spend their entire 221 00:11:33,480 --> 00:11:37,280 Speaker 1: career studying markets. UM. You know, I don't know if 222 00:11:37,280 --> 00:11:38,640 Speaker 1: I want to say they're smarter than you and I, 223 00:11:38,720 --> 00:11:40,120 Speaker 1: but they definitely put a lot of time into it, 224 00:11:40,160 --> 00:11:42,840 Speaker 1: and collectively when they're surveyed, you know, it's something that 225 00:11:42,880 --> 00:11:45,079 Speaker 1: I would definitely listen to, definitely take a look at. 226 00:11:45,520 --> 00:11:49,120 Speaker 1: And what we saw is that in this poll, one 227 00:11:49,200 --> 00:11:52,360 Speaker 1: fourth of the fund managers expect bitcoin's price to be 228 00:11:52,480 --> 00:11:57,480 Speaker 1: over seventy five thousand dollars in twelve months. In my opinion, 229 00:11:57,640 --> 00:12:03,040 Speaker 1: that's very low, but even still today right now, it's 230 00:12:03,040 --> 00:12:06,439 Speaker 1: about much less than that. It's about fifty eight and 231 00:12:06,480 --> 00:12:09,640 Speaker 1: fifty eight thousand and change. And so shoot, if you 232 00:12:09,640 --> 00:12:11,600 Speaker 1: could buy something for fifty eight and sell it for 233 00:12:11,640 --> 00:12:15,520 Speaker 1: seventy five in the future. That wouldn't be too bad. UM. Again, 234 00:12:15,600 --> 00:12:18,559 Speaker 1: this is what they're saying, not me. And also, by 235 00:12:18,600 --> 00:12:21,319 Speaker 1: the way, this is not financial advice. All we're doing 236 00:12:21,360 --> 00:12:22,839 Speaker 1: is we're just trying to look at the information that's 237 00:12:22,840 --> 00:12:25,320 Speaker 1: in front of us and make the best decision that 238 00:12:25,400 --> 00:12:27,959 Speaker 1: we can with what we have. Now. I'm giving you 239 00:12:28,000 --> 00:12:29,960 Speaker 1: the information, but it's up to you to decide what 240 00:12:30,000 --> 00:12:32,040 Speaker 1: you want to do with that. But you know they're 241 00:12:32,040 --> 00:12:35,319 Speaker 1: saying that they think the price could be over in 242 00:12:35,320 --> 00:12:38,640 Speaker 1: one year. I think we could see it happened much 243 00:12:38,720 --> 00:12:41,760 Speaker 1: sooner than that. UM. But anyway, that's what they're thinking. 244 00:12:42,720 --> 00:12:45,160 Speaker 1: But I think it'd go even bigger. Let's take a 245 00:12:45,160 --> 00:12:48,760 Speaker 1: look at what Cathy would. So Cathy would is UM. 246 00:12:48,880 --> 00:12:50,880 Speaker 1: She's like, like I said before the break, she's the 247 00:12:50,920 --> 00:12:54,800 Speaker 1: head of one of our investment management she's the CEO UM. 248 00:12:54,800 --> 00:12:59,160 Speaker 1: It's one of the largest tech tech funds on Wall Street. UM. 249 00:12:59,240 --> 00:13:01,120 Speaker 1: And she's a man. So I think she leads the 250 00:13:01,240 --> 00:13:04,320 Speaker 1: largest fund on Wall Street as well. And so given 251 00:13:04,320 --> 00:13:06,920 Speaker 1: her position, UM, not only in technology, but also kind 252 00:13:06,960 --> 00:13:08,400 Speaker 1: of being a woman there, I would think, you know, 253 00:13:08,480 --> 00:13:12,040 Speaker 1: she's not somebody who would just be UM. Cavalier and 254 00:13:12,120 --> 00:13:14,520 Speaker 1: just kind of throwing out a bunch of numbers around. Right. 255 00:13:14,640 --> 00:13:16,680 Speaker 1: When she says something, I'm sure she puts a lot 256 00:13:16,760 --> 00:13:19,000 Speaker 1: of thought into what it is. And of course, um, 257 00:13:19,120 --> 00:13:22,839 Speaker 1: she's at the intersection of finance and technology because she 258 00:13:22,880 --> 00:13:25,600 Speaker 1: runs the big tech fund, right, so she's somebody else 259 00:13:25,600 --> 00:13:27,360 Speaker 1: that I would take a listen to. Now, I don't 260 00:13:27,400 --> 00:13:30,000 Speaker 1: take anybody. I don't take one piece of information. I'll 261 00:13:30,040 --> 00:13:32,840 Speaker 1: take one indicator and consider that law. What I'd like 262 00:13:32,920 --> 00:13:36,280 Speaker 1: to do is look at lots of indicators, lots of fundamentals, 263 00:13:36,280 --> 00:13:38,880 Speaker 1: and lots of opinions, and then try to find where 264 00:13:38,880 --> 00:13:42,160 Speaker 1: the consensus is with that. Right, So don't take any 265 00:13:42,200 --> 00:13:44,079 Speaker 1: of this on its own by itself. But when you 266 00:13:44,120 --> 00:13:46,360 Speaker 1: start putting together it, it kind of leads to a 267 00:13:46,400 --> 00:13:50,640 Speaker 1: pretty compelling answer. And so she said in an interview 268 00:13:51,240 --> 00:13:55,240 Speaker 1: UM with Baron's magazine, which is a financial um she 269 00:13:55,360 --> 00:13:59,520 Speaker 1: said that quote, if institutional investors, so these are like 270 00:13:59,559 --> 00:14:02,440 Speaker 1: the hedge runs and stuff like that, if institutional investors 271 00:14:02,440 --> 00:14:06,160 Speaker 1: move into bitcoin and we're to allocate five percent of 272 00:14:06,240 --> 00:14:11,160 Speaker 1: their portfolios to it, then that would bring the value 273 00:14:11,360 --> 00:14:15,240 Speaker 1: the price of bitcoin to around five hundred and sixty 274 00:14:15,360 --> 00:14:19,440 Speaker 1: thousand dollars per coin. So that's about a ten x 275 00:14:19,720 --> 00:14:24,880 Speaker 1: from here, a thousand percent gain. It's pretty big. But 276 00:14:25,600 --> 00:14:30,280 Speaker 1: is that even realistic, Like would institutional investors really allocate 277 00:14:30,400 --> 00:14:34,440 Speaker 1: five percent of their portfolios? Well, let's take a look 278 00:14:34,440 --> 00:14:37,160 Speaker 1: at some of the data. So let's see. Well, we 279 00:14:37,280 --> 00:14:40,560 Speaker 1: have some of the most famous and these maybe aren't 280 00:14:40,760 --> 00:14:43,640 Speaker 1: household names like warm Buffett to you, but for me 281 00:14:43,840 --> 00:14:45,560 Speaker 1: living in the financial world, these are some of the 282 00:14:45,600 --> 00:14:49,800 Speaker 1: biggest names in the space. I'm Stanley druck and Miller, 283 00:14:50,440 --> 00:14:56,280 Speaker 1: um rad Alio, Paul Tutor, Jones, Tim Draper you probably 284 00:14:56,320 --> 00:14:58,200 Speaker 1: you might have heard of a few of those people before, 285 00:14:59,280 --> 00:15:03,680 Speaker 1: Peter Theeal, founder of PayPal, and so um. They all 286 00:15:03,760 --> 00:15:08,840 Speaker 1: have at least that or more allocated to bitcoin. Um 287 00:15:09,000 --> 00:15:11,040 Speaker 1: we have. We've seen that they have already done that. 288 00:15:11,120 --> 00:15:16,000 Speaker 1: These are the leaders. We've seen Fortune five SPI companies 289 00:15:16,040 --> 00:15:20,640 Speaker 1: like micro Strategy moved all of their allocation into bitcoin. 290 00:15:21,000 --> 00:15:24,760 Speaker 1: We've seen other big companies such as uh Square Square 291 00:15:24,760 --> 00:15:27,680 Speaker 1: payment company moved not all of it, but a big 292 00:15:27,800 --> 00:15:31,320 Speaker 1: chunk of their allocation into bitcoins. So it's already happening right, Um, 293 00:15:31,320 --> 00:15:33,480 Speaker 1: It's it's been about a year and in a year 294 00:15:33,520 --> 00:15:35,760 Speaker 1: we've seen lots and lots of them coming over, so 295 00:15:35,840 --> 00:15:38,560 Speaker 1: it's not that big of a stretch to think that 296 00:15:38,680 --> 00:15:41,480 Speaker 1: over the next couple of years we might see the 297 00:15:41,480 --> 00:15:47,520 Speaker 1: big institutional investors moving just a small five percent over um. 298 00:15:47,560 --> 00:15:50,240 Speaker 1: And if that were to happen, as she said, we 299 00:15:50,280 --> 00:15:52,800 Speaker 1: could easily see the price of bitcoin rise ten x 300 00:15:52,920 --> 00:15:55,800 Speaker 1: or a thousand percent from here. Now, let me just 301 00:15:55,880 --> 00:15:58,360 Speaker 1: kind of give you a little idea on risk management 302 00:15:58,400 --> 00:16:01,840 Speaker 1: and the way they think through this. So I would 303 00:16:01,840 --> 00:16:04,840 Speaker 1: never advocate anybody to go all in on anything. You 304 00:16:04,840 --> 00:16:07,400 Speaker 1: don't want to do that. Um, what happens is when 305 00:16:07,400 --> 00:16:09,760 Speaker 1: you make a decision, most people think about how much 306 00:16:09,800 --> 00:16:12,080 Speaker 1: they can make. They think about the positive part, They 307 00:16:12,080 --> 00:16:14,800 Speaker 1: think about the optimism, right, how much can I make? 308 00:16:14,920 --> 00:16:17,720 Speaker 1: And they make their decisions based off of that. Unfortunately, 309 00:16:17,760 --> 00:16:20,760 Speaker 1: that's not how you know, professional investors think about it. 310 00:16:20,960 --> 00:16:24,040 Speaker 1: Professional investors think about the downside. What's the downside? How 311 00:16:24,160 --> 00:16:26,680 Speaker 1: much could I lose? All? Right? So then you always 312 00:16:26,680 --> 00:16:29,680 Speaker 1: want to manage your risk um. Investing is kind of 313 00:16:29,720 --> 00:16:32,600 Speaker 1: like a gladiator. The more you do it, the more 314 00:16:32,800 --> 00:16:35,760 Speaker 1: likely you are to die. And so while you can 315 00:16:35,760 --> 00:16:38,520 Speaker 1: get lucky over and over and over, you can get 316 00:16:38,560 --> 00:16:40,880 Speaker 1: lucky for ten years, and then you make a wrong move, 317 00:16:41,000 --> 00:16:43,120 Speaker 1: a wrong decision, you could lose it all, you could die, 318 00:16:43,360 --> 00:16:44,960 Speaker 1: And so you want to think about risk management, so 319 00:16:44,960 --> 00:16:46,640 Speaker 1: you don't want to go all in if I do. 320 00:16:46,760 --> 00:16:49,120 Speaker 1: If I do make a decision to go in on 321 00:16:49,120 --> 00:16:52,720 Speaker 1: a position, I think about two things. One, Um, if 322 00:16:52,800 --> 00:16:55,760 Speaker 1: I'm wrong, what's the worst that will happen? And two? 323 00:16:56,280 --> 00:16:59,840 Speaker 1: Am I okay with that? That's how I think about it. 324 00:17:00,240 --> 00:17:02,000 Speaker 1: If I'm wrong, what's the worst that happened, I'll lose 325 00:17:02,000 --> 00:17:03,800 Speaker 1: all of my investment? And am I okay with that? 326 00:17:04,280 --> 00:17:07,800 Speaker 1: And so ask yourself that question? And then, um, what 327 00:17:07,920 --> 00:17:09,800 Speaker 1: you also want to think about is how much should 328 00:17:09,840 --> 00:17:12,359 Speaker 1: I allocate to that? So, if you're talking about buying 329 00:17:12,359 --> 00:17:16,440 Speaker 1: bitcoin or cryptocurrencies, how much of your total investable assets 330 00:17:16,520 --> 00:17:19,440 Speaker 1: should you put in? So I say your investable assets 331 00:17:19,600 --> 00:17:22,640 Speaker 1: don't include your house in that, but your investible assets. 332 00:17:22,720 --> 00:17:24,520 Speaker 1: What is your liquid net worth? You know how much 333 00:17:24,520 --> 00:17:26,040 Speaker 1: you have in the bank, how much you having stocks, 334 00:17:26,080 --> 00:17:29,480 Speaker 1: bonds for one case, etcetera that you're currently investing. Total 335 00:17:29,560 --> 00:17:33,159 Speaker 1: all that up, and then as a percentage, not a 336 00:17:33,200 --> 00:17:36,040 Speaker 1: dollar amount, but as a percentage, how much should you 337 00:17:36,080 --> 00:17:39,119 Speaker 1: put into bitcoin or cryptocurrencies? And so that's kind of 338 00:17:39,119 --> 00:17:42,159 Speaker 1: the way you think through this risk management. Now I 339 00:17:42,200 --> 00:17:44,639 Speaker 1: want to tell you the answer, but I'm want to 340 00:17:44,640 --> 00:17:46,240 Speaker 1: say that as soon as they come back from the break. 341 00:17:46,640 --> 00:17:48,320 Speaker 1: By the way, you're listening to the Mark Moas Show, 342 00:17:48,600 --> 00:17:51,560 Speaker 1: and of course we're talking about being a coin obviously, 343 00:17:51,640 --> 00:17:57,320 Speaker 1: cryptocurrencies and this giant decentralized revolution, which is in my opinion, 344 00:17:57,480 --> 00:18:01,520 Speaker 1: the biggest opportunity you'll ever see in your lifetime. So 345 00:18:01,560 --> 00:18:03,479 Speaker 1: I'll be right back. I'm gonna tell you how to 346 00:18:03,720 --> 00:18:07,000 Speaker 1: figure out the percentage of allocation and I'll be right back. 347 00:18:07,680 --> 00:18:10,120 Speaker 1: All right, Welcome back. You are listening to the Mark 348 00:18:10,200 --> 00:18:12,959 Speaker 1: ma Show, and we are talking about bitcoin. We are 349 00:18:13,000 --> 00:18:16,200 Speaker 1: talking about cryptocurrencies, and we are talking about, of course, 350 00:18:16,280 --> 00:18:19,480 Speaker 1: this decentralized revolution. And I've been spending a lot of 351 00:18:19,480 --> 00:18:21,560 Speaker 1: time with you today talking about the bitcoin price, and 352 00:18:21,680 --> 00:18:23,680 Speaker 1: I don't typically do that. As I said, it's probably 353 00:18:23,720 --> 00:18:26,879 Speaker 1: the least interesting thing in my opinion, um, but I 354 00:18:26,920 --> 00:18:29,600 Speaker 1: do want to talk about risk management and that is important. 355 00:18:29,800 --> 00:18:32,960 Speaker 1: And the reason why that's important is because you don't 356 00:18:33,119 --> 00:18:36,920 Speaker 1: want to die. Now that seems obvious, but you don't 357 00:18:36,920 --> 00:18:38,560 Speaker 1: want to die. You don't want to lose all your money, 358 00:18:38,640 --> 00:18:41,480 Speaker 1: and that's kind of what I'm talking about. UM. For 359 00:18:41,480 --> 00:18:43,639 Speaker 1: a lot of you that maybe have been following me 360 00:18:43,680 --> 00:18:46,040 Speaker 1: for a while, you might know my story, and my 361 00:18:46,119 --> 00:18:49,520 Speaker 1: story is something. The short version is that, UM, I 362 00:18:49,560 --> 00:18:52,520 Speaker 1: got started early, early on investing into real estate when 363 00:18:52,520 --> 00:18:54,720 Speaker 1: I was eighteen years old, buying properties, fixing them up, 364 00:18:54,720 --> 00:18:57,160 Speaker 1: and selling them. And I made a lot of money. 365 00:18:57,840 --> 00:19:00,040 Speaker 1: I made a lot of money with real estate. I 366 00:19:00,080 --> 00:19:02,480 Speaker 1: started a couple of different businesses, did really really well 367 00:19:02,480 --> 00:19:05,000 Speaker 1: with businesses. I had Fortune five exit on one of 368 00:19:05,000 --> 00:19:08,480 Speaker 1: my tech companies. UM I put all that into real estate, 369 00:19:08,520 --> 00:19:10,400 Speaker 1: and I sold all my rental properties and put all 370 00:19:10,440 --> 00:19:12,280 Speaker 1: that into real estate, and I was developing real estate 371 00:19:12,320 --> 00:19:15,080 Speaker 1: in southern California, and in two thousand and eight, during 372 00:19:15,119 --> 00:19:17,640 Speaker 1: the Great Financial Crash, it didn't work out too well 373 00:19:17,680 --> 00:19:20,919 Speaker 1: for me. Let's just say that. So I learned the 374 00:19:20,960 --> 00:19:22,879 Speaker 1: hard way that you don't want to put everything in, 375 00:19:22,960 --> 00:19:24,560 Speaker 1: you don't want to be all into one asset at 376 00:19:24,560 --> 00:19:28,560 Speaker 1: one asset class, and so I didn't have proper risk management. 377 00:19:28,600 --> 00:19:30,600 Speaker 1: So that's I guess I'm giving you that lesson today. 378 00:19:30,640 --> 00:19:32,680 Speaker 1: And so UM, as I was saying before the break, 379 00:19:32,840 --> 00:19:36,560 Speaker 1: UM talking specifically about bitcoin and cryptocurrencies, how much should 380 00:19:36,600 --> 00:19:38,800 Speaker 1: you put in? And you want to think about your 381 00:19:38,880 --> 00:19:42,720 Speaker 1: risk management and so UM think about things in terms 382 00:19:42,760 --> 00:19:46,400 Speaker 1: of percentages. So how much what is your total investable 383 00:19:46,440 --> 00:19:48,240 Speaker 1: assets worth? How much money you have in the bank 384 00:19:48,280 --> 00:19:50,160 Speaker 1: and in your four O one K and your stocks 385 00:19:50,200 --> 00:19:52,800 Speaker 1: and all these investments not your home, your homes, non 386 00:19:52,880 --> 00:19:55,960 Speaker 1: investment but investment properties. You could also count that as well, 387 00:19:56,440 --> 00:19:58,040 Speaker 1: UM and add all that up and then and then 388 00:19:58,080 --> 00:20:00,800 Speaker 1: you divide it into percentages. A you divide that up, 389 00:20:01,200 --> 00:20:03,359 Speaker 1: and I would also think about it in terms of 390 00:20:05,119 --> 00:20:07,239 Speaker 1: you have to figure out what that risk is. So 391 00:20:07,320 --> 00:20:11,800 Speaker 1: for example, UM, I just said how um UM. A 392 00:20:11,880 --> 00:20:14,280 Speaker 1: lot of the Bank of America fund managers think that 393 00:20:14,320 --> 00:20:18,520 Speaker 1: bitcoin could be over seventy five dollars next year. UM 394 00:20:18,680 --> 00:20:21,760 Speaker 1: Fidelity uses something called the stock to flow model. They 395 00:20:21,800 --> 00:20:23,959 Speaker 1: think it could be over a hundred and fifty thousand dollars. 396 00:20:24,240 --> 00:20:26,920 Speaker 1: There's dozens of Wall Street veterans. I think it could 397 00:20:26,920 --> 00:20:29,639 Speaker 1: be over a hundred fifty dollars. I'm talking here about 398 00:20:29,960 --> 00:20:33,120 Speaker 1: Cathy Wood, the CEO of our investment management. She says 399 00:20:33,160 --> 00:20:35,919 Speaker 1: it could be UM over five hundred and sixty thousand 400 00:20:36,000 --> 00:20:40,119 Speaker 1: dollars by which is five years from now, so I 401 00:20:40,800 --> 00:20:42,800 Speaker 1: kind of agree with that. I think she has very 402 00:20:42,880 --> 00:20:46,280 Speaker 1: good reason, very sound reasoning for that to happen. Um, 403 00:20:46,320 --> 00:20:48,280 Speaker 1: I think that I think there's a good chance that 404 00:20:48,280 --> 00:20:50,520 Speaker 1: that happens. It's it's probable. Let me say it's probable. 405 00:20:50,880 --> 00:20:54,480 Speaker 1: So investors and you should never never be thinking about 406 00:20:54,520 --> 00:20:57,679 Speaker 1: things in terms of absolutes. You think about things in 407 00:20:57,800 --> 00:21:01,840 Speaker 1: terms of probabilities. Everything in life the probability. We can 408 00:21:01,880 --> 00:21:07,040 Speaker 1: never say anything shirt and certain because almost anything can happen. Um, 409 00:21:07,160 --> 00:21:09,240 Speaker 1: for all I know, aliens could come and destroy the 410 00:21:09,240 --> 00:21:12,920 Speaker 1: world tomorrow. I mean that the probability of that happening 411 00:21:13,320 --> 00:21:18,480 Speaker 1: is probably like less than one percent. It's like zero 412 00:21:18,520 --> 00:21:21,159 Speaker 1: point zero or other one. But but it could happen, right, 413 00:21:21,200 --> 00:21:22,720 Speaker 1: it could happen. So you have to think about things 414 00:21:22,760 --> 00:21:25,320 Speaker 1: interprets of probability. And if you start to think like that, 415 00:21:25,359 --> 00:21:28,320 Speaker 1: your your your investment, life, and probably life overall be 416 00:21:28,440 --> 00:21:31,639 Speaker 1: much better. So think about it like this. I've broken 417 00:21:31,680 --> 00:21:34,320 Speaker 1: down the math for you. I've given you opinions of 418 00:21:34,359 --> 00:21:36,880 Speaker 1: who who thinks I can go where? Um, I told 419 00:21:36,920 --> 00:21:38,840 Speaker 1: you you know, Cathy would thinks if if if fund 420 00:21:38,840 --> 00:21:41,200 Speaker 1: managers would have just put five percent of their portfolios 421 00:21:41,200 --> 00:21:44,040 Speaker 1: into bitcoin, you could hit five sixty thousand and five years. 422 00:21:44,080 --> 00:21:45,359 Speaker 1: And I've explained to you how some of the biggest 423 00:21:45,359 --> 00:21:47,639 Speaker 1: fund managers have already started to do that. Um, some 424 00:21:47,640 --> 00:21:49,480 Speaker 1: of the biggest fund managers have already started to put 425 00:21:49,520 --> 00:21:52,960 Speaker 1: more than five percent of their portfolios and and they're 426 00:21:53,000 --> 00:21:58,000 Speaker 1: outperforming everybody else. Now, you probably probably are aware that 427 00:21:58,080 --> 00:22:00,679 Speaker 1: Wall Street and investing is a pretty competitive game, and 428 00:22:00,720 --> 00:22:04,320 Speaker 1: so if one fun fund manager is beating you, then 429 00:22:04,400 --> 00:22:06,960 Speaker 1: you need to do something to catch up and try 430 00:22:07,000 --> 00:22:09,240 Speaker 1: to beat him. And so if he's allocated to his 431 00:22:09,600 --> 00:22:11,720 Speaker 1: some of his fun to bitcoin and now he's outperforming you, 432 00:22:11,840 --> 00:22:14,320 Speaker 1: then you probably have to do the same thing. So 433 00:22:14,400 --> 00:22:16,200 Speaker 1: the fact that we already have a few people doing 434 00:22:16,240 --> 00:22:19,239 Speaker 1: it and they're out performing everybody else tells me that 435 00:22:19,280 --> 00:22:21,760 Speaker 1: everyone else is probably going to start joining them in 436 00:22:21,880 --> 00:22:24,800 Speaker 1: only a matter of time. So I think it's probable, 437 00:22:24,880 --> 00:22:28,119 Speaker 1: it's highly probable that five percent of investment fund managers 438 00:22:28,160 --> 00:22:31,320 Speaker 1: would put I'm sorry, investment fund managers would put five 439 00:22:31,320 --> 00:22:33,280 Speaker 1: percent other assets in the bitcoin, and we could see 440 00:22:33,280 --> 00:22:35,119 Speaker 1: that price. Now, what you have to do is you 441 00:22:35,160 --> 00:22:38,440 Speaker 1: have to decide do you think that's probable, and if so, 442 00:22:39,119 --> 00:22:43,359 Speaker 1: what percentage do you think what probability would you assign 443 00:22:43,400 --> 00:22:46,919 Speaker 1: to that. Do you think there's a one percent chance 444 00:22:48,240 --> 00:22:52,240 Speaker 1: that the price of bitcoin six like cathey Wood says, 445 00:22:52,280 --> 00:22:55,359 Speaker 1: is there a one percent chance? And if so, do 446 00:22:55,440 --> 00:22:59,320 Speaker 1: you have one percent of your portfolio in bitcoin? Do 447 00:22:59,359 --> 00:23:02,000 Speaker 1: you think there's a a two percent chance? Do you 448 00:23:02,040 --> 00:23:05,360 Speaker 1: think there's a five ten percent chance? And so if 449 00:23:05,359 --> 00:23:09,640 Speaker 1: you think there's a ten percent chance that happens, then 450 00:23:09,840 --> 00:23:13,920 Speaker 1: you might want to consider putting a ten percent allocation 451 00:23:14,080 --> 00:23:16,720 Speaker 1: towards that asset. All right, So that's the way that 452 00:23:16,760 --> 00:23:21,120 Speaker 1: you can think about it. On a risk adjusted um position, 453 00:23:21,359 --> 00:23:24,679 Speaker 1: all right, you have to determine what you think is 454 00:23:24,720 --> 00:23:29,000 Speaker 1: the risk or the probability and then assign your percentage 455 00:23:29,040 --> 00:23:30,960 Speaker 1: to it um And so that's up to you. I 456 00:23:31,000 --> 00:23:33,840 Speaker 1: can't tell you. For me, I think that's highly probable, 457 00:23:34,320 --> 00:23:40,399 Speaker 1: um I would I would assign that h at least 458 00:23:40,400 --> 00:23:42,040 Speaker 1: an average chance. Let's just call it that. I'm not 459 00:23:42,080 --> 00:23:44,800 Speaker 1: gonna give you specific numbers. Again, this is not financial information. 460 00:23:45,320 --> 00:23:47,719 Speaker 1: But I think there's at least an average chance that happens. 461 00:23:47,720 --> 00:23:50,040 Speaker 1: As I said, some of the top guys are already 462 00:23:50,080 --> 00:23:52,960 Speaker 1: doing it. They're beating everybody else, and we're starting to 463 00:23:53,000 --> 00:23:56,720 Speaker 1: see more and more people pulled in, UM, so many. 464 00:23:56,720 --> 00:23:59,760 Speaker 1: That's enough probably about the price. Like I said, it's 465 00:23:59,760 --> 00:24:03,639 Speaker 1: probably the least uh, least important thing, the least interesting 466 00:24:03,720 --> 00:24:06,000 Speaker 1: thing to talk about. UM, but I want to talk 467 00:24:06,040 --> 00:24:10,400 Speaker 1: about something else now, all right, So since this is happening, UM, 468 00:24:10,440 --> 00:24:15,119 Speaker 1: it's starting to cause another effect. And this is another 469 00:24:15,119 --> 00:24:20,160 Speaker 1: effect that I want to dig into, and it's called UM, well, yeah, 470 00:24:20,200 --> 00:24:21,919 Speaker 1: i'll give you, I'll give you him. It's it's a 471 00:24:22,040 --> 00:24:26,760 Speaker 1: speculative attack. And it's a speculative attack on the US dollar. 472 00:24:27,280 --> 00:24:30,760 Speaker 1: And so as these fund managers, they're all investors, they're 473 00:24:30,800 --> 00:24:33,600 Speaker 1: all trying to get their edge. Um, as they're seeing 474 00:24:33,640 --> 00:24:36,679 Speaker 1: this happen, they're starting to form this speculative attack on 475 00:24:36,760 --> 00:24:40,679 Speaker 1: the US dollar. Now maybe they're not realizing this, but 476 00:24:40,800 --> 00:24:43,960 Speaker 1: they are. Now the speculative attack really got started back 477 00:24:44,480 --> 00:24:47,240 Speaker 1: Um the first time it's really probably hit hit. Fame 478 00:24:47,800 --> 00:24:51,080 Speaker 1: was was well known was by one of the an 479 00:24:51,119 --> 00:24:53,439 Speaker 1: investor that I'm not super fond of, but maybe one 480 00:24:53,440 --> 00:24:55,119 Speaker 1: of the best track records in the industry, which is 481 00:24:55,160 --> 00:24:59,000 Speaker 1: George Soros. And he became famous for breaking the Bank 482 00:24:59,080 --> 00:25:04,080 Speaker 1: of England and UH by betting against the pound. And 483 00:25:04,160 --> 00:25:06,119 Speaker 1: so they were trying to peg They were trying to 484 00:25:06,119 --> 00:25:09,159 Speaker 1: peg it, meaning they were trying to hold the valuation, 485 00:25:09,520 --> 00:25:12,760 Speaker 1: and he he did a speculative attack against it and 486 00:25:12,840 --> 00:25:15,840 Speaker 1: broke it and made over a billion dollars with a 487 00:25:15,920 --> 00:25:18,720 Speaker 1: b a billion dollars on a single day, on a 488 00:25:18,760 --> 00:25:21,240 Speaker 1: single trade. And so the way that works is it's 489 00:25:21,240 --> 00:25:26,359 Speaker 1: a speculative attack, meaning I borrow that asset, that currency 490 00:25:26,600 --> 00:25:30,199 Speaker 1: for cheap and then use it to bet against it. 491 00:25:31,119 --> 00:25:34,000 Speaker 1: So I'm using their their fighting fire with fire, right, 492 00:25:34,040 --> 00:25:36,840 Speaker 1: so I'm trying to attack in this hypothe Well, in 493 00:25:37,040 --> 00:25:40,359 Speaker 1: George Sho's case, he was attacking the pound, the British pound, 494 00:25:41,000 --> 00:25:43,440 Speaker 1: the pound Stirling is a different currency, right, and he 495 00:25:43,520 --> 00:25:46,480 Speaker 1: was borrowing it for super cheap and then using it 496 00:25:46,520 --> 00:25:49,359 Speaker 1: to bet against it and hurt it at the same time. 497 00:25:50,080 --> 00:25:52,000 Speaker 1: And of course, like I said, he made a billion 498 00:25:52,000 --> 00:25:54,640 Speaker 1: dollars on that bet. Um, he became famous and he's 499 00:25:54,680 --> 00:25:57,000 Speaker 1: continued to do that ever since. But now we're starting 500 00:25:57,040 --> 00:25:59,800 Speaker 1: to see lots of people do this Wall Street is 501 00:25:59,840 --> 00:26:03,440 Speaker 1: do in this um. You know, the FED, the Central Bank, 502 00:26:04,480 --> 00:26:06,719 Speaker 1: the United States Central Bank, the Federals River wants to 503 00:26:07,080 --> 00:26:10,200 Speaker 1: put interest rates at zero or pretty much at zero, 504 00:26:10,560 --> 00:26:14,280 Speaker 1: which means people like these institutions that I just referenced, 505 00:26:14,359 --> 00:26:17,760 Speaker 1: These Wall Street firms can get money for almost free. 506 00:26:17,960 --> 00:26:21,120 Speaker 1: I mean I'm talking like less than one percent. It's 507 00:26:21,160 --> 00:26:24,240 Speaker 1: basically free money. Even you and I could go get money, 508 00:26:24,320 --> 00:26:25,760 Speaker 1: I mean, depending on your credit and what you have 509 00:26:25,800 --> 00:26:29,320 Speaker 1: going on, for one and a half percent, which is 510 00:26:29,359 --> 00:26:31,920 Speaker 1: just stupidly low. I mean, that's just insane that you 511 00:26:31,920 --> 00:26:35,080 Speaker 1: can get that money that low. And so um, these 512 00:26:35,119 --> 00:26:38,960 Speaker 1: institutions are starting to form the speculative attack and even 513 00:26:39,040 --> 00:26:42,119 Speaker 1: people like you and I. I'm gonna explain to you 514 00:26:42,160 --> 00:26:45,320 Speaker 1: more about that speculative attack and how it works, how 515 00:26:45,359 --> 00:26:47,640 Speaker 1: some of the best investors on Wall Street and these 516 00:26:47,640 --> 00:26:52,320 Speaker 1: fortune companies are actually doing this, um, how they do it, um, 517 00:26:52,359 --> 00:26:54,960 Speaker 1: the potential for the gains that they're going to have 518 00:26:55,119 --> 00:26:58,520 Speaker 1: from this, and how actually even individual people like you 519 00:26:58,560 --> 00:27:02,040 Speaker 1: and I could do it. And actually a lot of 520 00:27:02,080 --> 00:27:06,080 Speaker 1: you might even be doing it and you don't even know. Yeah, 521 00:27:06,440 --> 00:27:08,080 Speaker 1: you might even know that you're doing it. So I'm 522 00:27:08,080 --> 00:27:10,400 Speaker 1: gonna explain that to you. Um, and like I said, 523 00:27:10,480 --> 00:27:12,400 Speaker 1: tell you how how they're doing it, how we could 524 00:27:12,440 --> 00:27:14,479 Speaker 1: do it, and how you might even be doing it. 525 00:27:15,040 --> 00:27:17,639 Speaker 1: We'll talk about that. And by the way, you're listening 526 00:27:17,640 --> 00:27:20,240 Speaker 1: to the Mark Moa Show. Hopefully you're liking it because 527 00:27:20,280 --> 00:27:22,920 Speaker 1: I'm bringing you the latest, up to the date information 528 00:27:22,960 --> 00:27:29,119 Speaker 1: on bitcoin and cryptocurrencies and how to navigate the decentralized revolution. 529 00:27:30,400 --> 00:27:32,840 Speaker 1: And I mean, I tell you each and every week 530 00:27:33,000 --> 00:27:34,680 Speaker 1: it's the biggest opportunity you're ever going to see in 531 00:27:34,720 --> 00:27:37,119 Speaker 1: your life. I'm just gonna say that, And so if 532 00:27:37,119 --> 00:27:39,280 Speaker 1: you're with me each every week, I'll tell you how 533 00:27:39,280 --> 00:27:42,520 Speaker 1: to survive, I'll be right back. All right, welcome back. 534 00:27:42,560 --> 00:27:44,400 Speaker 1: You are listening to the Mark Moa Show, and we're 535 00:27:44,400 --> 00:27:47,840 Speaker 1: talking about bitcoin. Of course, each and every week that 536 00:27:48,119 --> 00:27:51,600 Speaker 1: we're talking about cryptocurrencies, the giant, giant thing, we're talking 537 00:27:51,600 --> 00:27:55,040 Speaker 1: about the decentralized revolution, which I have continued to tell 538 00:27:55,080 --> 00:27:58,080 Speaker 1: you this will be the biggest shift in humanity that 539 00:27:58,200 --> 00:28:02,600 Speaker 1: you have ever witnessed. It's the greatest wealth transfer. But 540 00:28:02,720 --> 00:28:04,240 Speaker 1: the way to take advantage of it, the way to 541 00:28:04,240 --> 00:28:07,760 Speaker 1: participate it, is to have this information that most people 542 00:28:07,800 --> 00:28:10,000 Speaker 1: don't have. I know it's confusing, and that's why I'm 543 00:28:10,000 --> 00:28:11,440 Speaker 1: gonna break it down for you each and every week. 544 00:28:11,480 --> 00:28:13,000 Speaker 1: So make sure you pull out your phone right now. 545 00:28:13,480 --> 00:28:17,040 Speaker 1: UM put a calendar reminder. Put put the channel right 546 00:28:17,040 --> 00:28:19,120 Speaker 1: now that you're on listening to me, put the time 547 00:28:19,560 --> 00:28:21,240 Speaker 1: and make sure you tune in with me each and 548 00:28:21,280 --> 00:28:23,840 Speaker 1: every week. Now, before we went to the break, we've 549 00:28:23,840 --> 00:28:26,359 Speaker 1: been talking about the price UM. I was explaining to 550 00:28:26,400 --> 00:28:29,080 Speaker 1: you price. We were talking about UM risk management. How 551 00:28:29,160 --> 00:28:32,000 Speaker 1: to figure out how much you should allocate towards your 552 00:28:32,040 --> 00:28:35,719 Speaker 1: own portfolio based off probabilities that you assigned. That's your 553 00:28:35,800 --> 00:28:39,200 Speaker 1: risk management plan. And I was telling you that I 554 00:28:39,240 --> 00:28:42,160 Speaker 1: was going to explain to you the speculative attack. I 555 00:28:42,200 --> 00:28:46,120 Speaker 1: was explaining how George Soros UM got famous for attacking 556 00:28:46,120 --> 00:28:48,680 Speaker 1: the Bank of England UM on the pound Stirling and 557 00:28:48,760 --> 00:28:50,520 Speaker 1: made a billion dollars in a single trade by doing 558 00:28:50,560 --> 00:28:54,440 Speaker 1: a speculaive attack. And now people are doing that against 559 00:28:54,440 --> 00:28:57,640 Speaker 1: the dollar with bitcoin and so UM. The way it 560 00:28:57,680 --> 00:29:02,120 Speaker 1: works is rather simple, actually, and that is the Federal Reserve, 561 00:29:02,160 --> 00:29:04,440 Speaker 1: the Central Bank of the United States is based has 562 00:29:04,440 --> 00:29:07,239 Speaker 1: basically put interest rates at about zero UM. You know, 563 00:29:07,520 --> 00:29:10,280 Speaker 1: half a percent depends on what time frame, one percent 564 00:29:10,800 --> 00:29:13,400 Speaker 1: and so you know, people closest to the money supply. 565 00:29:13,480 --> 00:29:15,440 Speaker 1: It's the problem with the with with the Fed printer. 566 00:29:15,800 --> 00:29:17,680 Speaker 1: This is the this is what we're trying to change 567 00:29:17,680 --> 00:29:20,320 Speaker 1: with bitcoin. But the people that are closest to the 568 00:29:20,320 --> 00:29:23,640 Speaker 1: money supply. Um, it's called the cantle on effect. The 569 00:29:23,640 --> 00:29:25,960 Speaker 1: people that are closest to the money supply benefit the most. 570 00:29:26,400 --> 00:29:28,960 Speaker 1: And so um the friends of the Fed, so the banks, 571 00:29:29,680 --> 00:29:32,240 Speaker 1: the big funds and institutions, they get the money first, 572 00:29:32,280 --> 00:29:34,360 Speaker 1: and they get it for cheapest. Then they drive the 573 00:29:34,360 --> 00:29:36,440 Speaker 1: prices up, and then it gets to the next person 574 00:29:36,440 --> 00:29:38,120 Speaker 1: which gets it for a little bit cheaper, are a 575 00:29:38,160 --> 00:29:39,760 Speaker 1: little bit more expensive, and they drive prices up, and 576 00:29:39,760 --> 00:29:41,120 Speaker 1: by the time it gets to me and you, we're 577 00:29:41,160 --> 00:29:43,320 Speaker 1: paying a lot for it, and prices are are super high. 578 00:29:44,000 --> 00:29:46,479 Speaker 1: But that's another story for another time. The cancel on effect, 579 00:29:46,520 --> 00:29:49,720 Speaker 1: you can google it. Now back to the specultive attack. 580 00:29:49,760 --> 00:29:53,400 Speaker 1: And so, because interest rates are so low, um, these 581 00:29:53,440 --> 00:29:56,360 Speaker 1: hedge funds these institutions are basically getting money for like 582 00:29:56,520 --> 00:29:58,800 Speaker 1: almost free. And when I say almost free, I mean 583 00:29:58,840 --> 00:30:01,800 Speaker 1: you know one or two percent, which inflation is at 584 00:30:01,960 --> 00:30:06,200 Speaker 1: six percent. So basically, when when your interest rate is 585 00:30:06,280 --> 00:30:10,080 Speaker 1: lower than the inflation amount, inflation is basically paying your 586 00:30:10,120 --> 00:30:12,640 Speaker 1: loan off for you. It's like free money, which of 587 00:30:12,640 --> 00:30:15,959 Speaker 1: course is exactly why the Federal Reserve and the government 588 00:30:16,000 --> 00:30:18,520 Speaker 1: wants to have this inflation so they can inflate away 589 00:30:18,520 --> 00:30:20,760 Speaker 1: the debts. Well, this is the same thing that people 590 00:30:20,760 --> 00:30:24,880 Speaker 1: are doing. So bitcoin has been averaging for the last 591 00:30:24,960 --> 00:30:30,800 Speaker 1: decade a two hundred percent compounded annual growth rate. So 592 00:30:31,000 --> 00:30:35,960 Speaker 1: if I could borrow money at ten percent and I 593 00:30:36,000 --> 00:30:39,680 Speaker 1: could invest it for twenty return, that means there's a 594 00:30:39,760 --> 00:30:42,840 Speaker 1: ten percent It's called an arbitrage. That's a spread. I 595 00:30:42,920 --> 00:30:46,000 Speaker 1: borrowed a ten, I earned twenty. I gotta payback to ten, 596 00:30:46,000 --> 00:30:49,160 Speaker 1: but I keep the profit the tempercent the arbitrage spread. Well, 597 00:30:49,160 --> 00:30:52,440 Speaker 1: what about when it's doing two percent a year, Well, dang, 598 00:30:52,480 --> 00:30:54,760 Speaker 1: that's pretty good. And what about when I can borrow 599 00:30:54,800 --> 00:31:00,000 Speaker 1: at one percent and make two Well, dang, that's real good. 600 00:31:00,040 --> 00:31:03,480 Speaker 1: It right, And so that's exactly what's happening. That's exactly 601 00:31:03,520 --> 00:31:06,800 Speaker 1: what we're seeing. And so I mentioned UM, I mentioned 602 00:31:06,840 --> 00:31:09,840 Speaker 1: micro Strategy. I mean it's a company that's run by 603 00:31:10,040 --> 00:31:13,760 Speaker 1: Michael Sailor and he's literally been raising money. I think 604 00:31:13,760 --> 00:31:16,880 Speaker 1: he's done at least two or three raises billions of 605 00:31:16,880 --> 00:31:20,200 Speaker 1: dollars at this point for almost free, like literally giving 606 00:31:20,200 --> 00:31:22,920 Speaker 1: away a few points of interest and then just going 607 00:31:22,960 --> 00:31:26,440 Speaker 1: and buying bitcoin with it. It's this speculative attack that's 608 00:31:26,480 --> 00:31:30,640 Speaker 1: been happening, UM, and we're seeing this continue to escalate 609 00:31:30,760 --> 00:31:34,920 Speaker 1: and escalate faster and faster and faster, and they're using 610 00:31:34,960 --> 00:31:37,320 Speaker 1: Wall Street to do this, and so all over the 611 00:31:37,320 --> 00:31:41,320 Speaker 1: news this week, big big, big news was UM several 612 00:31:41,400 --> 00:31:45,240 Speaker 1: bitcoin mining companies. UM. We have one here, Bitcoin minor 613 00:31:45,280 --> 00:31:48,240 Speaker 1: Prime Block Plan plans to go public by merging with 614 00:31:48,240 --> 00:31:51,440 Speaker 1: Tinex Capital report UM. And they want a valuation of 615 00:31:51,560 --> 00:31:55,720 Speaker 1: one point five billion dollars. They're raising a hundred and 616 00:31:55,720 --> 00:31:59,840 Speaker 1: fifty million through private investment in public equity for the deal. 617 00:32:00,360 --> 00:32:04,120 Speaker 1: And so they're gonna go raise money for basically free 618 00:32:04,880 --> 00:32:06,840 Speaker 1: Like I said, when when I say basically free, what 619 00:32:06,880 --> 00:32:09,160 Speaker 1: I mean is that the interest their pain on the 620 00:32:09,200 --> 00:32:11,600 Speaker 1: money is less than the rate of inflation. Right, I 621 00:32:11,640 --> 00:32:13,880 Speaker 1: kind of already broke that down for you. UM, So 622 00:32:13,920 --> 00:32:16,400 Speaker 1: it's it's basically free money. They're gonna go get. They're 623 00:32:16,400 --> 00:32:18,600 Speaker 1: gonna take this hundred and fifty to two hundred million 624 00:32:18,640 --> 00:32:23,160 Speaker 1: dollars and then they're gonna go buy bitcoin because it's 625 00:32:23,200 --> 00:32:25,560 Speaker 1: going up faster than a couple of percent of interests 626 00:32:25,560 --> 00:32:29,000 Speaker 1: of their pain. Now they're also buying bitcoin miners, So 627 00:32:29,000 --> 00:32:31,920 Speaker 1: they're buying bitcoin miners. They can produce more bitcoin, and 628 00:32:31,960 --> 00:32:34,320 Speaker 1: then they're not going to sell the bitcoin. They're just 629 00:32:34,360 --> 00:32:36,680 Speaker 1: gonna hold it because they raised all the money that 630 00:32:36,680 --> 00:32:38,600 Speaker 1: They're not the only one in the in the news 631 00:32:38,680 --> 00:32:41,800 Speaker 1: this week, I see another one bitcoin miner bit Deer 632 00:32:42,120 --> 00:32:44,959 Speaker 1: to go public with a s back with a spack merger. 633 00:32:46,240 --> 00:32:50,520 Speaker 1: The deal values the company at around four billion dollars 634 00:32:50,560 --> 00:32:53,800 Speaker 1: with a B four billion dollars. And so they're doing 635 00:32:53,800 --> 00:32:55,680 Speaker 1: the same thing. They're going to Wall Street, Hey, I 636 00:32:55,680 --> 00:32:58,560 Speaker 1: know you guys want to invest in into this. We're 637 00:32:58,600 --> 00:33:01,960 Speaker 1: gonna give you this these a really good terms on debt. 638 00:33:02,200 --> 00:33:04,520 Speaker 1: You're basically gonna give us money for free, and we're 639 00:33:04,520 --> 00:33:06,840 Speaker 1: going to go buy a bunch of bitcoin miners. And 640 00:33:06,880 --> 00:33:10,200 Speaker 1: so that's a speculative attack that they're doing. Um there's 641 00:33:10,240 --> 00:33:13,720 Speaker 1: another one. Genesis Digital expands in the US with a 642 00:33:13,880 --> 00:33:18,120 Speaker 1: three hundred megat bitcoin mining facility in Texas. Um. Same thing. 643 00:33:18,160 --> 00:33:20,160 Speaker 1: They went and raised a bunch of money to expand 644 00:33:20,600 --> 00:33:24,520 Speaker 1: their UM. That raised four thirty one million dollars to 645 00:33:24,560 --> 00:33:27,920 Speaker 1: expand its bitcoin mining operations. And the same thing. They're 646 00:33:27,960 --> 00:33:32,920 Speaker 1: borrowing money for basically free and then going and buying 647 00:33:32,920 --> 00:33:34,600 Speaker 1: bitcoin with it. Here's another one. This is all. Just 648 00:33:34,680 --> 00:33:41,040 Speaker 1: this week, Marathon Digital to raise five hundred million dollars UM. 649 00:33:41,080 --> 00:33:44,040 Speaker 1: The firm plans to offer five million aggregate principle of 650 00:33:44,040 --> 00:33:47,720 Speaker 1: convertible senior notes due in they're going to buy a 651 00:33:47,760 --> 00:33:50,440 Speaker 1: bitcoin mining equipment. And it says right here taking a 652 00:33:50,440 --> 00:33:54,680 Speaker 1: play out of Michael Sailor's strategy UM Sailor's micro strategy playbook, 653 00:33:54,920 --> 00:33:57,960 Speaker 1: which is, as I've explained to you borrow money for 654 00:33:58,120 --> 00:34:01,360 Speaker 1: almost free and then put it into an asset that's 655 00:34:01,400 --> 00:34:05,920 Speaker 1: going up by a year. Now. Again, this is a 656 00:34:06,000 --> 00:34:11,359 Speaker 1: speculative attack, borrowing US dollars for very cheap to buy 657 00:34:11,400 --> 00:34:14,439 Speaker 1: equity in bitcoin mining companies, and then those bitcoin mining 658 00:34:14,440 --> 00:34:18,239 Speaker 1: companies will never sell the bitcoin they mine UM. And 659 00:34:18,280 --> 00:34:23,320 Speaker 1: so what happens is the more people that leave the dollar, 660 00:34:24,040 --> 00:34:26,719 Speaker 1: the weaker it gets. So that's how you're taking You're 661 00:34:26,760 --> 00:34:29,000 Speaker 1: borrowing it for cheap, and then you're converting it into 662 00:34:29,000 --> 00:34:33,040 Speaker 1: another asset like bitcoin, and by doing that, bitcoin goes 663 00:34:33,120 --> 00:34:35,920 Speaker 1: higher and the dollar goes lower. And I can continue 664 00:34:35,960 --> 00:34:38,400 Speaker 1: to do that. All these companies are continuing to do 665 00:34:38,440 --> 00:34:40,560 Speaker 1: that over and over and over. They're all doing the 666 00:34:40,600 --> 00:34:42,840 Speaker 1: same thing. Following the playbook for Michael Saylor, Following the 667 00:34:42,840 --> 00:34:45,400 Speaker 1: same playbook from George Soros when you made a billion 668 00:34:45,440 --> 00:34:49,680 Speaker 1: dollars in a single trade. Now, I said before the break, 669 00:34:49,719 --> 00:34:51,640 Speaker 1: I was going to tell you that you might even 670 00:34:51,840 --> 00:34:54,200 Speaker 1: be able to do this, or you might even be 671 00:34:54,280 --> 00:34:58,400 Speaker 1: doing this right now and not knowing. So for example, 672 00:34:58,560 --> 00:35:02,440 Speaker 1: I've seen many many stories. Here's one right here, Morgan's 673 00:35:02,880 --> 00:35:07,120 Speaker 1: in April refinance the house um and and got a 674 00:35:07,239 --> 00:35:11,160 Speaker 1: one point seven five loan from the bank and took 675 00:35:11,200 --> 00:35:13,719 Speaker 1: some of that money and bob bitcoin. So that's this 676 00:35:13,800 --> 00:35:16,000 Speaker 1: is a story I'm reading here. So they refinanced the 677 00:35:16,040 --> 00:35:18,640 Speaker 1: house at one point seven interest and took some of 678 00:35:18,640 --> 00:35:21,520 Speaker 1: that money. So again, just like these funds, just like 679 00:35:21,560 --> 00:35:23,959 Speaker 1: Michael Saylor borrowed money at one point seven five percent, 680 00:35:24,040 --> 00:35:26,520 Speaker 1: which is way below the six percent inflation, and bought 681 00:35:26,600 --> 00:35:29,080 Speaker 1: bitcoin with it. Now, I'm definitely not suggesting that you 682 00:35:29,160 --> 00:35:32,360 Speaker 1: do this. Obviously, anytime you play with leverage, it's a 683 00:35:32,440 --> 00:35:35,480 Speaker 1: dangerous scheme. Let leverages like fire. It can cook your 684 00:35:35,480 --> 00:35:37,200 Speaker 1: food or it can burn your house down. But you 685 00:35:37,280 --> 00:35:40,520 Speaker 1: might even be doing this without knowing it. So for example, um, 686 00:35:40,640 --> 00:35:44,120 Speaker 1: if you've bought bitcoin or any cryptocurrencies recently, do you 687 00:35:44,120 --> 00:35:47,279 Speaker 1: have any debt? Because if you have any debt, college debt, 688 00:35:47,400 --> 00:35:50,520 Speaker 1: school debt, home debt, any kind of debt, and instead 689 00:35:50,520 --> 00:35:52,960 Speaker 1: of paying the debt down, you decided to buy bitcoin 690 00:35:53,000 --> 00:35:58,719 Speaker 1: and cryptocurrencies. Then you actually did the same thing. It's 691 00:35:58,719 --> 00:36:00,279 Speaker 1: no different if you took a loan out to buy 692 00:36:00,320 --> 00:36:03,080 Speaker 1: it or if you um bought it without paying your 693 00:36:03,080 --> 00:36:08,280 Speaker 1: debt down. You're doing the same speculative attack either way. UM, 694 00:36:08,320 --> 00:36:10,719 Speaker 1: I think I think history will prove it to be 695 00:36:10,719 --> 00:36:13,320 Speaker 1: a good idea. We'll have to wait and see. Again. 696 00:36:13,360 --> 00:36:15,879 Speaker 1: This is not financial advice. I'm just letting you know 697 00:36:16,280 --> 00:36:18,480 Speaker 1: what is going on. Like I said, those are all 698 00:36:18,600 --> 00:36:21,319 Speaker 1: articles from this week, It's happening on a bigger and 699 00:36:21,360 --> 00:36:24,160 Speaker 1: bigger scale. I'm definitely with Katholeen Cathy would like I said, 700 00:36:24,200 --> 00:36:26,520 Speaker 1: I give it a better than average chance that we 701 00:36:26,600 --> 00:36:30,759 Speaker 1: see five percent allocation towards bitcoin from these giant institutions. 702 00:36:30,800 --> 00:36:33,000 Speaker 1: We're seeing it at such a rapid rate. I don't 703 00:36:33,000 --> 00:36:35,960 Speaker 1: see how it's not possible you determine your own probability 704 00:36:36,320 --> 00:36:39,959 Speaker 1: and then determine your own position sizes. Uh, you're listening 705 00:36:40,000 --> 00:36:41,960 Speaker 1: to the Mark Moa show. We're talking about bitcoin, we're 706 00:36:41,960 --> 00:36:45,759 Speaker 1: talking about cryptocurrencies, and we're talking about the the centralized revolution. 707 00:36:46,040 --> 00:36:51,080 Speaker 1: It's literally the largest. It's it's the biggest shift we've 708 00:36:51,080 --> 00:36:54,160 Speaker 1: ever seen in humanity. And I know that sounds really big, 709 00:36:54,200 --> 00:36:56,319 Speaker 1: and each and every week, I'm going to continue to 710 00:36:56,480 --> 00:36:59,600 Speaker 1: prove that to you over and over and over. It's 711 00:36:59,600 --> 00:37:02,279 Speaker 1: gonna be the biggest wealth transfer we've ever seen. And 712 00:37:02,320 --> 00:37:03,759 Speaker 1: the good news is you get to the side. Which 713 00:37:03,760 --> 00:37:06,880 Speaker 1: side you want to be on, the receiving side or 714 00:37:06,520 --> 00:37:09,839 Speaker 1: the or the giving side. I choose the receiving side. Um, 715 00:37:09,880 --> 00:37:11,960 Speaker 1: you're listening to the Mark Moa show talking about bitcoin 716 00:37:11,960 --> 00:37:14,120 Speaker 1: and cryptocurrencies. Thanks for listening.