Speaker 1: Hey everyone, Welcome back to another episode of The Mark
Speaker 1: Mass Show, where I'm joining you each and every week
Speaker 1: bringing you the weekend's latest news, latest stories on of course, bitcoin, cryptocurrencies,
Speaker 1: and the decentralized revolution, each and every week, making sure
Speaker 1: that you are up to date with the most what
Speaker 1: I call asymmetric information. Now, asymmetric information means that you
Speaker 1: have information that most people don't have. And when you
Speaker 1: have information that most people don't have, it allows you
Speaker 1: to have an edge. It allows you to have um
Speaker 1: an edge in the market where you can have an
Speaker 1: asymmetric opportunity that means you have more upside the downside. Basically,
Speaker 1: what that means is, you know, the way the stock
Speaker 1: market works, the way the real estate market works, those
Speaker 1: have been commoditized. Everybody has all the information and so
Speaker 1: the alpha, which is the profit, has been squeezed. But
Speaker 1: when you can find something brand new, like a private
Speaker 1: equity company or some sort of a somebody that doesn't
Speaker 1: have as much attention on it, um you might find
Speaker 1: something where you know something most people don't have. And
Speaker 1: that's what gives you that a symutal co opportunity, that
Speaker 1: that massive upside edge, and that's where we're at right
Speaker 1: now with bitcoin and with cryptocurrencies. You know, I know
Speaker 1: a lot of you listening right now, UM, I might
Speaker 1: think you're too late. You heard about all the money
Speaker 1: that's been made in the in the years past. It's
Speaker 1: it's one of the most common questions I get asked
Speaker 1: all the time. Is it too late? Did I miss out? Right?
Speaker 1: And on and on and on, And I am here
Speaker 1: to tell you firsthand the answer is no, you did
Speaker 1: not miss out. You are not too late. And honestly,
Speaker 1: I mean just the fact that you might even ask
Speaker 1: yourself the question that but that particular question just shows
Speaker 1: you how early that you are. I mean, we are
Speaker 1: just getting started. As I like to say each and
Speaker 1: every week, this is the decentralized revolution. Now there's um,
Speaker 1: you know, there's new technologies, and you hear about new
Speaker 1: technologies all the time, right new technolog She's like the
Speaker 1: iPhone that was pretty cool. I'm sure most people listening
Speaker 1: to have that, or like Uber that was pretty cool
Speaker 1: as well. And those are technologies that that that continue trends.
Speaker 1: Technological revolutions change the way humanity works. That's what we're
Speaker 1: witnessing right now, and that takes time and So anyway,
Speaker 1: just I'm here to reassure you that you are still early,
Speaker 1: you are not late, um, And so join me each
Speaker 1: and every week on this channel at this time, the
Speaker 1: Mark Moss Show, as we talked about bitcoin and cryptocurrencies
Speaker 1: and the decentralized revolution. Now, if you do tune into
Speaker 1: medi and every week, it will probably be the most
Speaker 1: profitable and hopefully even the most entertaining part of your week.
Speaker 1: But it might come as a surprise to you that
Speaker 1: I'm not going to sit here and talk about the
Speaker 1: price all the time, because out of all the things
Speaker 1: that is happening in this decentralized revolution, I think the
Speaker 1: price is probably the least boring A should say the
Speaker 1: most boring. It's it's the least interesting thing that is happening.
Speaker 1: I mean, we're literally changing the world, literally making moves
Speaker 1: that will shift the way humanity works. Um, that's what's interesting. Um.
Speaker 1: Is it interesting to understand what all these little shifts are,
Speaker 1: how they're working, and what that means for the future. So, UM,
Speaker 1: the way that I like to look at it is,
Speaker 1: I'm sure you've all watched a movie where people went
Speaker 1: back in time. I call it back to the future.
Speaker 1: If you're old enough to remember that one. But you know,
Speaker 1: I'm sure you've all watched a movie where they went
Speaker 1: back in time and they say don't do't don't touch anything.
Speaker 1: Don't touch anything. If you even move one little thing,
Speaker 1: you can have this massive change in the future when
Speaker 1: we go back. That's the ripple effect, butterfly effect. And
Speaker 1: so that's what we like to do, is we like
Speaker 1: to look at these little things that are happening right
Speaker 1: now today that UM witnessing them right now today maybe
Speaker 1: doesn't seem like they're that big of a deal. But
Speaker 1: these are the little things that we need to be
Speaker 1: aware of so that we can take advantage us we
Speaker 1: can participate in UM this massive shift that's happening. So UM,
Speaker 1: the price, especially the daily or the weekly price, is
Speaker 1: probably the least important or the least interesting thing in
Speaker 1: my opinion, but let's talk about it anyway. So big
Speaker 1: news was last week when we were UM, when we
Speaker 1: were together hopefully you're together with me, that that bit
Speaker 1: point was blasting through it's its previous all time high
Speaker 1: and had got almost up to seventy thousand U S dollars.
Speaker 1: We got just over sixty d U s dollars, which
Speaker 1: was pretty amazing. UM. And then it crashed, Oh my gosh,
Speaker 1: it crashed all the way down, um, a devastating from
Speaker 1: its high and it got all the way back down
Speaker 1: to prices not seen for about ten days before. And
Speaker 1: I say that sarcastically because, uh, you wouldn't know by
Speaker 1: the news headlines that come out, UM talking about the
Speaker 1: price and how the price is crashing down and uh,
Speaker 1: you know, panic is in the streets and maybe you
Speaker 1: should sell in all these things, and so I use
Speaker 1: a little bit of sarcasm just to just to kind
Speaker 1: of illustrate how ridiculous that is. Uh. Yeah, we hadn't
Speaker 1: seen this price until October was the last time we said,
Speaker 1: oh I'm sorry about ten days. So we haven't seen
Speaker 1: this price for about ten days. It crashed all the
Speaker 1: way back down. But UM, to give you a little
Speaker 1: bit of perspective, if you're just tuning in and you're
Speaker 1: not really that aware, since October one, we went up
Speaker 1: almost seventy percent, and we're still sitting even with the crash,
Speaker 1: the big crash, we're still sitting up fort in just
Speaker 1: about five weeks now. I don't know if you understand
Speaker 1: what means. But let me give you some perspective. Over
Speaker 1: the last sixty eight years, the stock market, which is
Speaker 1: where the majority of people have their wealth, has averaged
Speaker 1: about a six or eight percent return per year. Six
Speaker 1: or eight percent per year depends on if it's sixty
Speaker 1: or eight years um. And with bitcoin we're up in
Speaker 1: five weeks. So let me just let me just give
Speaker 1: you that perspective real quick, because if you're listening to
Speaker 1: mainstream media, um, they're gonna they're never gonna fill you
Speaker 1: in on the right way. And then to give you
Speaker 1: a little bit more perspective on it, again, the price
Speaker 1: is probably the most uninteresting piece. But since January one,
Speaker 1: again write the stock market those it's eight percent per year,
Speaker 1: we're up a d eighteen percent, So it's pretty amazing
Speaker 1: what it's been doing. But again, like I said, that's
Speaker 1: the least interesting piece. What I'd rather do, let's talk
Speaker 1: about where it could go. And I'm sure a lot
Speaker 1: of you would rather know that as well. Right, Um,
Speaker 1: wouldn't you like to know where the price of bitcoin
Speaker 1: go the valuation of bitcoin could go in the future,
Speaker 1: So as an investor, right, that's what we're looking for.
Speaker 1: They called the they call the stock market a discounting mechanism.
Speaker 1: So that means that I could buy something cheaper today
Speaker 1: that it would be worth in the future. That's what
Speaker 1: we're doing. And if you buy Tesla stock or Facebook
Speaker 1: stock or whatever, you're buying, UM, you're buying that hopefully
Speaker 1: at a price lower than where you think will be
Speaker 1: in the future, so you have some profit. You could
Speaker 1: also be buying it higher than where you think will
Speaker 1: be in the future. In that case you might short it,
Speaker 1: and that's okay as well. But the point is that
Speaker 1: you're you're buying it um, you know, typically at a
Speaker 1: at a discount to where you think you can sell
Speaker 1: it for in the future, and so UM, when you're
Speaker 1: looking at the price, you're really trying to think about
Speaker 1: where and go in the future, which is um seems
Speaker 1: common sense, right, doesn't that seem kind of normal? Which
Speaker 1: it is. But if that's so normal, then why is
Speaker 1: it that everybody always comes in and says, well, bitcoin
Speaker 1: seems really expensive to me, Well, it seems expensive compared
Speaker 1: to what is it expensive compared to where it was
Speaker 1: ten years ago at at a at a penny, or
Speaker 1: expensive to where it was at the beginning of the year,
Speaker 1: or is it expensive compared to where it's going to
Speaker 1: be in the future. Now, remember, right, we're always supposed
Speaker 1: to be trying to buy it cheaper than we think
Speaker 1: it will be in the future, so we should be
Speaker 1: thinking about where the price will be in the future.
Speaker 1: But when people come in and say it's it's it's
Speaker 1: too expensive, they're comparing it to where it was in
Speaker 1: the past, which doesn't make any sense, does it. The
Speaker 1: answer is no, it doesn't make any sense. Of course,
Speaker 1: most people don't really think through this logically, which is
Speaker 1: why I'm here talking in your ear every single week,
Speaker 1: so I can really help you make sense of this.
Speaker 1: I want to change the way that you think about money,
Speaker 1: change the way that you think about bitcoin and cryptocurrencies,
Speaker 1: and so um, hopefully a little thought exercise helped you. Um,
Speaker 1: you're trying to buy it cheaper than it will be
Speaker 1: in the future, so we want to understand where it
Speaker 1: will be, and so I want to tell you. I
Speaker 1: want to tell you where I think it can be
Speaker 1: in the future, and not just me. I mean, who
Speaker 1: am I? I mean? Yeah, I've been studying and talking
Speaker 1: about bitcoin for a long time. But let's look at
Speaker 1: some of the biggest names on Wall Street and see
Speaker 1: where they think it could be. Names like Cathy would
Speaker 1: Maybe you've heard of her. She runs the largest tech
Speaker 1: fun on Wall Street. Yep, see somebody that I would
Speaker 1: listen to, or maybe um from the fund managers that
Speaker 1: were just surveyed from Bank of America. Maybe let's find
Speaker 1: out where they think it would be. So I want
Speaker 1: to bring that information back to you. Where will bitcoin be?
Speaker 1: Can we buy it cheaper today than will be in
Speaker 1: the future. So we'll talk about those things. Of course,
Speaker 1: you're listening to the Mark mass Show. We're talking about bitcoin, cryptocurrencies,
Speaker 1: and the decentralized Revolution. I'll be right back, all right,
Speaker 1: welcome back. You are listening to the Mark ma Show,
Speaker 1: and we are talking about bitcoin. Of course, each and
Speaker 1: every week we're talking about bitcoin, and we're talking about
Speaker 1: the cryptocurrency movement. We're talking about the decentralized revolution. Now
Speaker 1: I know I'm boring you. I'm boring you. If you
Speaker 1: were with me before the break, I was talking about
Speaker 1: bitcoin's price, and I've told you it's probably the least
Speaker 1: interesting thing about it, at least my least favorite thing
Speaker 1: to talk about. But I always call it the bait
Speaker 1: and switch. People come in hoping to make a bunch
Speaker 1: of money. That's the bait, and the switch is they
Speaker 1: realize that this is the tool that will bring us
Speaker 1: back our freedom. This is the tool that will change
Speaker 1: the entire world. This is the tool that will make
Speaker 1: sure our children live in a free and valuable world
Speaker 1: as opposed to not free, a totalitarian world. Bitcoin is
Speaker 1: that tool. It is that different. So, uh, while bitcoin
Speaker 1: price may not be that interesting compared to those subjects
Speaker 1: like saving humanity, we'll finish talking about it because, like
Speaker 1: I said, it is the bait that brings people in
Speaker 1: for the switch. And so before the break, I was
Speaker 1: kind of telling you that, Um, most people understand intuitively
Speaker 1: that you're trying to buy a stock like Tesla or
Speaker 1: Facebook cheaper than where you think will be in the future.
Speaker 1: But most people think that bitcoin is expensive because they
Speaker 1: compared to the past, which doesn't make sense. So where
Speaker 1: do we think bitcoin could be in the future. Well,
Speaker 1: the easy there there's a bunch of ways to get
Speaker 1: to this data, and the easy way is to go
Speaker 1: will what markets is it disrupting? Where will it pull
Speaker 1: its value from? How big are those markets? And do
Speaker 1: we think and get one percent, five percent, ten percent
Speaker 1: of those markets. That'd be an easy way to do that, UM,
Speaker 1: And we can we can walk through some of those
Speaker 1: thought exercises. But I wanted to look at a couple
Speaker 1: of news stories that just came out this week that
Speaker 1: I think you should know. So for example, UM, there
Speaker 1: was a poll that was recently run by Bank of
Speaker 1: America and they pulled their fund managers. These are guys that, UM,
Speaker 1: you know, have educations and degrees and spend their entire
Speaker 1: career studying markets. UM. You know, I don't know if
Speaker 1: I want to say they're smarter than you and I,
Speaker 1: but they definitely put a lot of time into it,
Speaker 1: and collectively when they're surveyed, you know, it's something that
Speaker 1: I would definitely listen to, definitely take a look at.
Speaker 1: And what we saw is that in this poll, one
Speaker 1: fourth of the fund managers expect bitcoin's price to be
Speaker 1: over seventy five thousand dollars in twelve months. In my opinion,
Speaker 1: that's very low, but even still today right now, it's
Speaker 1: about much less than that. It's about fifty eight and
Speaker 1: fifty eight thousand and change. And so shoot, if you
Speaker 1: could buy something for fifty eight and sell it for
Speaker 1: seventy five in the future. That wouldn't be too bad. UM. Again,
Speaker 1: this is what they're saying, not me. And also, by
Speaker 1: the way, this is not financial advice. All we're doing
Speaker 1: is we're just trying to look at the information that's
Speaker 1: in front of us and make the best decision that
Speaker 1: we can with what we have. Now. I'm giving you
Speaker 1: the information, but it's up to you to decide what
Speaker 1: you want to do with that. But you know they're
Speaker 1: saying that they think the price could be over in
Speaker 1: one year. I think we could see it happened much
Speaker 1: sooner than that. UM. But anyway, that's what they're thinking.
Speaker 1: But I think it'd go even bigger. Let's take a
Speaker 1: look at what Cathy would. So Cathy would is UM.
Speaker 1: She's like, like I said before the break, she's the
Speaker 1: head of one of our investment management she's the CEO UM.
Speaker 1: It's one of the largest tech tech funds on Wall Street. UM.
Speaker 1: And she's a man. So I think she leads the
Speaker 1: largest fund on Wall Street as well. And so given
Speaker 1: her position, UM, not only in technology, but also kind
Speaker 1: of being a woman there, I would think, you know,
Speaker 1: she's not somebody who would just be UM. Cavalier and
Speaker 1: just kind of throwing out a bunch of numbers around. Right.
Speaker 1: When she says something, I'm sure she puts a lot
Speaker 1: of thought into what it is. And of course, um,
Speaker 1: she's at the intersection of finance and technology because she
Speaker 1: runs the big tech fund, right, so she's somebody else
Speaker 1: that I would take a listen to. Now, I don't
Speaker 1: take anybody. I don't take one piece of information. I'll
Speaker 1: take one indicator and consider that law. What I'd like
Speaker 1: to do is look at lots of indicators, lots of fundamentals,
Speaker 1: and lots of opinions, and then try to find where
Speaker 1: the consensus is with that. Right, So don't take any
Speaker 1: of this on its own by itself. But when you
Speaker 1: start putting together it, it kind of leads to a
Speaker 1: pretty compelling answer. And so she said in an interview
Speaker 1: UM with Baron's magazine, which is a financial um she
Speaker 1: said that quote, if institutional investors, so these are like
Speaker 1: the hedge runs and stuff like that, if institutional investors
Speaker 1: move into bitcoin and we're to allocate five percent of
Speaker 1: their portfolios to it, then that would bring the value
Speaker 1: the price of bitcoin to around five hundred and sixty
Speaker 1: thousand dollars per coin. So that's about a ten x
Speaker 1: from here, a thousand percent gain. It's pretty big. But
Speaker 1: is that even realistic, Like would institutional investors really allocate
Speaker 1: five percent of their portfolios? Well, let's take a look
Speaker 1: at some of the data. So let's see. Well, we
Speaker 1: have some of the most famous and these maybe aren't
Speaker 1: household names like warm Buffett to you, but for me
Speaker 1: living in the financial world, these are some of the
Speaker 1: biggest names in the space. I'm Stanley druck and Miller,
Speaker 1: um rad Alio, Paul Tutor, Jones, Tim Draper you probably
Speaker 1: you might have heard of a few of those people before,
Speaker 1: Peter Theeal, founder of PayPal, and so um. They all
Speaker 1: have at least that or more allocated to bitcoin. Um
Speaker 1: we have. We've seen that they have already done that.
Speaker 1: These are the leaders. We've seen Fortune five SPI companies
Speaker 1: like micro Strategy moved all of their allocation into bitcoin.
Speaker 1: We've seen other big companies such as uh Square Square
Speaker 1: payment company moved not all of it, but a big
Speaker 1: chunk of their allocation into bitcoins. So it's already happening right, Um,
Speaker 1: It's it's been about a year and in a year
Speaker 1: we've seen lots and lots of them coming over, so
Speaker 1: it's not that big of a stretch to think that
Speaker 1: over the next couple of years we might see the
Speaker 1: big institutional investors moving just a small five percent over um.
Speaker 1: And if that were to happen, as she said, we
Speaker 1: could easily see the price of bitcoin rise ten x
Speaker 1: or a thousand percent from here. Now, let me just
Speaker 1: kind of give you a little idea on risk management
Speaker 1: and the way they think through this. So I would
Speaker 1: never advocate anybody to go all in on anything. You
Speaker 1: don't want to do that. Um, what happens is when
Speaker 1: you make a decision, most people think about how much
Speaker 1: they can make. They think about the positive part, They
Speaker 1: think about the optimism, right, how much can I make?
Speaker 1: And they make their decisions based off of that. Unfortunately,
Speaker 1: that's not how you know, professional investors think about it.
Speaker 1: Professional investors think about the downside. What's the downside? How
Speaker 1: much could I lose? All? Right? So then you always
Speaker 1: want to manage your risk um. Investing is kind of
Speaker 1: like a gladiator. The more you do it, the more
Speaker 1: likely you are to die. And so while you can
Speaker 1: get lucky over and over and over, you can get
Speaker 1: lucky for ten years, and then you make a wrong move,
Speaker 1: a wrong decision, you could lose it all, you could die,
Speaker 1: And so you want to think about risk management, so
Speaker 1: you don't want to go all in if I do.
Speaker 1: If I do make a decision to go in on
Speaker 1: a position, I think about two things. One, Um, if
Speaker 1: I'm wrong, what's the worst that will happen? And two?
Speaker 1: Am I okay with that? That's how I think about it.
Speaker 1: If I'm wrong, what's the worst that happened, I'll lose
Speaker 1: all of my investment? And am I okay with that?
Speaker 1: And so ask yourself that question? And then, um, what
Speaker 1: you also want to think about is how much should
Speaker 1: I allocate to that? So, if you're talking about buying
Speaker 1: bitcoin or cryptocurrencies, how much of your total investable assets
Speaker 1: should you put in? So I say your investable assets
Speaker 1: don't include your house in that, but your investible assets.
Speaker 1: What is your liquid net worth? You know how much
Speaker 1: you have in the bank, how much you having stocks,
Speaker 1: bonds for one case, etcetera that you're currently investing. Total
Speaker 1: all that up, and then as a percentage, not a
Speaker 1: dollar amount, but as a percentage, how much should you
Speaker 1: put into bitcoin or cryptocurrencies? And so that's kind of
Speaker 1: the way you think through this risk management. Now I
Speaker 1: want to tell you the answer, but I'm want to
Speaker 1: say that as soon as they come back from the break.
Speaker 1: By the way, you're listening to the Mark Moas Show,
Speaker 1: and of course we're talking about being a coin obviously,
Speaker 1: cryptocurrencies and this giant decentralized revolution, which is in my opinion,
Speaker 1: the biggest opportunity you'll ever see in your lifetime. So
Speaker 1: I'll be right back. I'm gonna tell you how to
Speaker 1: figure out the percentage of allocation and I'll be right back.
Speaker 1: All right, Welcome back. You are listening to the Mark
Speaker 1: ma Show, and we are talking about bitcoin. We are
Speaker 1: talking about cryptocurrencies, and we are talking about, of course,
Speaker 1: this decentralized revolution. And I've been spending a lot of
Speaker 1: time with you today talking about the bitcoin price, and
Speaker 1: I don't typically do that. As I said, it's probably
Speaker 1: the least interesting thing in my opinion, um, but I
Speaker 1: do want to talk about risk management and that is important.
Speaker 1: And the reason why that's important is because you don't
Speaker 1: want to die. Now that seems obvious, but you don't
Speaker 1: want to die. You don't want to lose all your money,
Speaker 1: and that's kind of what I'm talking about. UM. For
Speaker 1: a lot of you that maybe have been following me
Speaker 1: for a while, you might know my story, and my
Speaker 1: story is something. The short version is that, UM, I
Speaker 1: got started early, early on investing into real estate when
Speaker 1: I was eighteen years old, buying properties, fixing them up,
Speaker 1: and selling them. And I made a lot of money.
Speaker 1: I made a lot of money with real estate. I
Speaker 1: started a couple of different businesses, did really really well
Speaker 1: with businesses. I had Fortune five exit on one of
Speaker 1: my tech companies. UM I put all that into real estate,
Speaker 1: and I sold all my rental properties and put all
Speaker 1: that into real estate, and I was developing real estate
Speaker 1: in southern California, and in two thousand and eight, during
Speaker 1: the Great Financial Crash, it didn't work out too well
Speaker 1: for me. Let's just say that. So I learned the
Speaker 1: hard way that you don't want to put everything in,
Speaker 1: you don't want to be all into one asset at
Speaker 1: one asset class, and so I didn't have proper risk management.
Speaker 1: So that's I guess I'm giving you that lesson today.
Speaker 1: And so UM, as I was saying before the break,
Speaker 1: UM talking specifically about bitcoin and cryptocurrencies, how much should
Speaker 1: you put in? And you want to think about your
Speaker 1: risk management and so UM think about things in terms
Speaker 1: of percentages. So how much what is your total investable
Speaker 1: assets worth? How much money you have in the bank
Speaker 1: and in your four O one K and your stocks
Speaker 1: and all these investments not your home, your homes, non
Speaker 1: investment but investment properties. You could also count that as well,
Speaker 1: UM and add all that up and then and then
Speaker 1: you divide it into percentages. A you divide that up,
Speaker 1: and I would also think about it in terms of
Speaker 1: you have to figure out what that risk is. So
Speaker 1: for example, UM, I just said how um UM. A
Speaker 1: lot of the Bank of America fund managers think that
Speaker 1: bitcoin could be over seventy five dollars next year. UM
Speaker 1: Fidelity uses something called the stock to flow model. They
Speaker 1: think it could be over a hundred and fifty thousand dollars.
Speaker 1: There's dozens of Wall Street veterans. I think it could
Speaker 1: be over a hundred fifty dollars. I'm talking here about
Speaker 1: Cathy Wood, the CEO of our investment management. She says
Speaker 1: it could be UM over five hundred and sixty thousand
Speaker 1: dollars by which is five years from now, so I
Speaker 1: kind of agree with that. I think she has very
Speaker 1: good reason, very sound reasoning for that to happen. Um,
Speaker 1: I think that I think there's a good chance that
Speaker 1: that happens. It's it's probable. Let me say it's probable.
Speaker 1: So investors and you should never never be thinking about
Speaker 1: things in terms of absolutes. You think about things in
Speaker 1: terms of probabilities. Everything in life the probability. We can
Speaker 1: never say anything shirt and certain because almost anything can happen. Um,
Speaker 1: for all I know, aliens could come and destroy the
Speaker 1: world tomorrow. I mean that the probability of that happening
Speaker 1: is probably like less than one percent. It's like zero
Speaker 1: point zero or other one. But but it could happen, right,
Speaker 1: it could happen. So you have to think about things
Speaker 1: interprets of probability. And if you start to think like that,
Speaker 1: your your your investment, life, and probably life overall be
Speaker 1: much better. So think about it like this. I've broken
Speaker 1: down the math for you. I've given you opinions of
Speaker 1: who who thinks I can go where? Um, I told
Speaker 1: you you know, Cathy would thinks if if if fund
Speaker 1: managers would have just put five percent of their portfolios
Speaker 1: into bitcoin, you could hit five sixty thousand and five years.
Speaker 1: And I've explained to you how some of the biggest
Speaker 1: fund managers have already started to do that. Um, some
Speaker 1: of the biggest fund managers have already started to put
Speaker 1: more than five percent of their portfolios and and they're
Speaker 1: outperforming everybody else. Now, you probably probably are aware that
Speaker 1: Wall Street and investing is a pretty competitive game, and
Speaker 1: so if one fun fund manager is beating you, then
Speaker 1: you need to do something to catch up and try
Speaker 1: to beat him. And so if he's allocated to his
Speaker 1: some of his fun to bitcoin and now he's outperforming you,
Speaker 1: then you probably have to do the same thing. So
Speaker 1: the fact that we already have a few people doing
Speaker 1: it and they're out performing everybody else tells me that
Speaker 1: everyone else is probably going to start joining them in
Speaker 1: only a matter of time. So I think it's probable,
Speaker 1: it's highly probable that five percent of investment fund managers
Speaker 1: would put I'm sorry, investment fund managers would put five
Speaker 1: percent other assets in the bitcoin, and we could see
Speaker 1: that price. Now, what you have to do is you
Speaker 1: have to decide do you think that's probable, and if so,
Speaker 1: what percentage do you think what probability would you assign
Speaker 1: to that. Do you think there's a one percent chance
Speaker 1: that the price of bitcoin six like cathey Wood says,
Speaker 1: is there a one percent chance? And if so, do
Speaker 1: you have one percent of your portfolio in bitcoin? Do
Speaker 1: you think there's a a two percent chance? Do you
Speaker 1: think there's a five ten percent chance? And so if
Speaker 1: you think there's a ten percent chance that happens, then
Speaker 1: you might want to consider putting a ten percent allocation
Speaker 1: towards that asset. All right, So that's the way that
Speaker 1: you can think about it. On a risk adjusted um position,
Speaker 1: all right, you have to determine what you think is
Speaker 1: the risk or the probability and then assign your percentage
Speaker 1: to it um And so that's up to you. I
Speaker 1: can't tell you. For me, I think that's highly probable,
Speaker 1: um I would I would assign that h at least
Speaker 1: an average chance. Let's just call it that. I'm not
Speaker 1: gonna give you specific numbers. Again, this is not financial information.
Speaker 1: But I think there's at least an average chance that happens.
Speaker 1: As I said, some of the top guys are already
Speaker 1: doing it. They're beating everybody else, and we're starting to
Speaker 1: see more and more people pulled in, UM, so many.
Speaker 1: That's enough probably about the price. Like I said, it's
Speaker 1: probably the least uh, least important thing, the least interesting
Speaker 1: thing to talk about. UM, but I want to talk
Speaker 1: about something else now, all right, So since this is happening, UM,
Speaker 1: it's starting to cause another effect. And this is another
Speaker 1: effect that I want to dig into, and it's called UM, well, yeah,
Speaker 1: i'll give you, I'll give you him. It's it's a
Speaker 1: speculative attack. And it's a speculative attack on the US dollar.
Speaker 1: And so as these fund managers, they're all investors, they're
Speaker 1: all trying to get their edge. Um, as they're seeing
Speaker 1: this happen, they're starting to form this speculative attack on
Speaker 1: the US dollar. Now maybe they're not realizing this, but
Speaker 1: they are. Now the speculative attack really got started back
Speaker 1: Um the first time it's really probably hit hit. Fame
Speaker 1: was was well known was by one of the an
Speaker 1: investor that I'm not super fond of, but maybe one
Speaker 1: of the best track records in the industry, which is
Speaker 1: George Soros. And he became famous for breaking the Bank
Speaker 1: of England and UH by betting against the pound. And
Speaker 1: so they were trying to peg They were trying to
Speaker 1: peg it, meaning they were trying to hold the valuation,
Speaker 1: and he he did a speculative attack against it and
Speaker 1: broke it and made over a billion dollars with a
Speaker 1: b a billion dollars on a single day, on a
Speaker 1: single trade. And so the way that works is it's
Speaker 1: a speculative attack, meaning I borrow that asset, that currency
Speaker 1: for cheap and then use it to bet against it.
Speaker 1: So I'm using their their fighting fire with fire, right,
Speaker 1: so I'm trying to attack in this hypothe Well, in
Speaker 1: George Sho's case, he was attacking the pound, the British pound,
Speaker 1: the pound Stirling is a different currency, right, and he
Speaker 1: was borrowing it for super cheap and then using it
Speaker 1: to bet against it and hurt it at the same time.
Speaker 1: And of course, like I said, he made a billion
Speaker 1: dollars on that bet. Um, he became famous and he's
Speaker 1: continued to do that ever since. But now we're starting
Speaker 1: to see lots of people do this Wall Street is
Speaker 1: do in this um. You know, the FED, the Central Bank,
Speaker 1: the United States Central Bank, the Federals River wants to
Speaker 1: put interest rates at zero or pretty much at zero,
Speaker 1: which means people like these institutions that I just referenced,
Speaker 1: These Wall Street firms can get money for almost free.
Speaker 1: I mean I'm talking like less than one percent. It's
Speaker 1: basically free money. Even you and I could go get money,
Speaker 1: I mean, depending on your credit and what you have
Speaker 1: going on, for one and a half percent, which is
Speaker 1: just stupidly low. I mean, that's just insane that you
Speaker 1: can get that money that low. And so um, these
Speaker 1: institutions are starting to form the speculative attack and even
Speaker 1: people like you and I. I'm gonna explain to you
Speaker 1: more about that speculative attack and how it works, how
Speaker 1: some of the best investors on Wall Street and these
Speaker 1: fortune companies are actually doing this, um, how they do it, um,
Speaker 1: the potential for the gains that they're going to have
Speaker 1: from this, and how actually even individual people like you
Speaker 1: and I could do it. And actually a lot of
Speaker 1: you might even be doing it and you don't even know. Yeah,
Speaker 1: you might even know that you're doing it. So I'm
Speaker 1: gonna explain that to you. Um, and like I said,
Speaker 1: tell you how how they're doing it, how we could
Speaker 1: do it, and how you might even be doing it.
Speaker 1: We'll talk about that. And by the way, you're listening
Speaker 1: to the Mark Moa Show. Hopefully you're liking it because
Speaker 1: I'm bringing you the latest, up to the date information
Speaker 1: on bitcoin and cryptocurrencies and how to navigate the decentralized revolution.
Speaker 1: And I mean, I tell you each and every week
Speaker 1: it's the biggest opportunity you're ever going to see in
Speaker 1: your life. I'm just gonna say that, And so if
Speaker 1: you're with me each every week, I'll tell you how
Speaker 1: to survive, I'll be right back. All right, welcome back.
Speaker 1: You are listening to the Mark Moa Show, and we're
Speaker 1: talking about bitcoin. Of course, each and every week that
Speaker 1: we're talking about cryptocurrencies, the giant, giant thing, we're talking
Speaker 1: about the decentralized revolution, which I have continued to tell
Speaker 1: you this will be the biggest shift in humanity that
Speaker 1: you have ever witnessed. It's the greatest wealth transfer. But
Speaker 1: the way to take advantage of it, the way to
Speaker 1: participate it, is to have this information that most people
Speaker 1: don't have. I know it's confusing, and that's why I'm
Speaker 1: gonna break it down for you each and every week.
Speaker 1: So make sure you pull out your phone right now.
Speaker 1: UM put a calendar reminder. Put put the channel right
Speaker 1: now that you're on listening to me, put the time
Speaker 1: and make sure you tune in with me each and
Speaker 1: every week. Now, before we went to the break, we've
Speaker 1: been talking about the price UM. I was explaining to
Speaker 1: you price. We were talking about UM risk management. How
Speaker 1: to figure out how much you should allocate towards your
Speaker 1: own portfolio based off probabilities that you assigned. That's your
Speaker 1: risk management plan. And I was telling you that I
Speaker 1: was going to explain to you the speculative attack. I
Speaker 1: was explaining how George Soros UM got famous for attacking
Speaker 1: the Bank of England UM on the pound Stirling and
Speaker 1: made a billion dollars in a single trade by doing
Speaker 1: a speculaive attack. And now people are doing that against
Speaker 1: the dollar with bitcoin and so UM. The way it
Speaker 1: works is rather simple, actually, and that is the Federal Reserve,
Speaker 1: the Central Bank of the United States is based has
Speaker 1: basically put interest rates at about zero UM. You know,
Speaker 1: half a percent depends on what time frame, one percent
Speaker 1: and so you know, people closest to the money supply.
Speaker 1: It's the problem with the with with the Fed printer.
Speaker 1: This is the this is what we're trying to change
Speaker 1: with bitcoin. But the people that are closest to the
Speaker 1: money supply. Um, it's called the cantle on effect. The
Speaker 1: people that are closest to the money supply benefit the most.
Speaker 1: And so um the friends of the Fed, so the banks,
Speaker 1: the big funds and institutions, they get the money first,
Speaker 1: and they get it for cheapest. Then they drive the
Speaker 1: prices up, and then it gets to the next person
Speaker 1: which gets it for a little bit cheaper, are a
Speaker 1: little bit more expensive, and they drive prices up, and
Speaker 1: by the time it gets to me and you, we're
Speaker 1: paying a lot for it, and prices are are super high.
Speaker 1: But that's another story for another time. The cancel on effect,
Speaker 1: you can google it. Now back to the specultive attack.
Speaker 1: And so, because interest rates are so low, um, these
Speaker 1: hedge funds these institutions are basically getting money for like
Speaker 1: almost free. And when I say almost free, I mean
Speaker 1: you know one or two percent, which inflation is at
Speaker 1: six percent. So basically, when when your interest rate is
Speaker 1: lower than the inflation amount, inflation is basically paying your
Speaker 1: loan off for you. It's like free money, which of
Speaker 1: course is exactly why the Federal Reserve and the government
Speaker 1: wants to have this inflation so they can inflate away
Speaker 1: the debts. Well, this is the same thing that people
Speaker 1: are doing. So bitcoin has been averaging for the last
Speaker 1: decade a two hundred percent compounded annual growth rate. So
Speaker 1: if I could borrow money at ten percent and I
Speaker 1: could invest it for twenty return, that means there's a
Speaker 1: ten percent It's called an arbitrage. That's a spread. I
Speaker 1: borrowed a ten, I earned twenty. I gotta payback to ten,
Speaker 1: but I keep the profit the tempercent the arbitrage spread. Well,
Speaker 1: what about when it's doing two percent a year, Well, dang,
Speaker 1: that's pretty good. And what about when I can borrow
Speaker 1: at one percent and make two Well, dang, that's real good.
Speaker 1: It right, And so that's exactly what's happening. That's exactly
Speaker 1: what we're seeing. And so I mentioned UM, I mentioned
Speaker 1: micro Strategy. I mean it's a company that's run by
Speaker 1: Michael Sailor and he's literally been raising money. I think
Speaker 1: he's done at least two or three raises billions of
Speaker 1: dollars at this point for almost free, like literally giving
Speaker 1: away a few points of interest and then just going
Speaker 1: and buying bitcoin with it. It's this speculative attack that's
Speaker 1: been happening, UM, and we're seeing this continue to escalate
Speaker 1: and escalate faster and faster and faster, and they're using
Speaker 1: Wall Street to do this, and so all over the
Speaker 1: news this week, big big, big news was UM several
Speaker 1: bitcoin mining companies. UM. We have one here, Bitcoin minor
Speaker 1: Prime Block Plan plans to go public by merging with
Speaker 1: Tinex Capital report UM. And they want a valuation of
Speaker 1: one point five billion dollars. They're raising a hundred and
Speaker 1: fifty million through private investment in public equity for the deal.
Speaker 1: And so they're gonna go raise money for basically free
Speaker 1: Like I said, when when I say basically free, what
Speaker 1: I mean is that the interest their pain on the
Speaker 1: money is less than the rate of inflation. Right, I
Speaker 1: kind of already broke that down for you. UM, So
Speaker 1: it's it's basically free money. They're gonna go get. They're
Speaker 1: gonna take this hundred and fifty to two hundred million
Speaker 1: dollars and then they're gonna go buy bitcoin because it's
Speaker 1: going up faster than a couple of percent of interests
Speaker 1: of their pain. Now they're also buying bitcoin miners, So
Speaker 1: they're buying bitcoin miners. They can produce more bitcoin, and
Speaker 1: then they're not going to sell the bitcoin. They're just
Speaker 1: gonna hold it because they raised all the money that
Speaker 1: They're not the only one in the in the news
Speaker 1: this week, I see another one bitcoin miner bit Deer
Speaker 1: to go public with a s back with a spack merger.
Speaker 1: The deal values the company at around four billion dollars
Speaker 1: with a B four billion dollars. And so they're doing
Speaker 1: the same thing. They're going to Wall Street, Hey, I
Speaker 1: know you guys want to invest in into this. We're
Speaker 1: gonna give you this these a really good terms on debt.
Speaker 1: You're basically gonna give us money for free, and we're
Speaker 1: going to go buy a bunch of bitcoin miners. And
Speaker 1: so that's a speculative attack that they're doing. Um there's
Speaker 1: another one. Genesis Digital expands in the US with a
Speaker 1: three hundred megat bitcoin mining facility in Texas. Um. Same thing.
Speaker 1: They went and raised a bunch of money to expand
Speaker 1: their UM. That raised four thirty one million dollars to
Speaker 1: expand its bitcoin mining operations. And the same thing. They're
Speaker 1: borrowing money for basically free and then going and buying
Speaker 1: bitcoin with it. Here's another one. This is all. Just
Speaker 1: this week, Marathon Digital to raise five hundred million dollars UM.
Speaker 1: The firm plans to offer five million aggregate principle of
Speaker 1: convertible senior notes due in they're going to buy a
Speaker 1: bitcoin mining equipment. And it says right here taking a
Speaker 1: play out of Michael Sailor's strategy UM Sailor's micro strategy playbook,
Speaker 1: which is, as I've explained to you borrow money for
Speaker 1: almost free and then put it into an asset that's
Speaker 1: going up by a year. Now. Again, this is a
Speaker 1: speculative attack, borrowing US dollars for very cheap to buy
Speaker 1: equity in bitcoin mining companies, and then those bitcoin mining
Speaker 1: companies will never sell the bitcoin they mine UM. And
Speaker 1: so what happens is the more people that leave the dollar,
Speaker 1: the weaker it gets. So that's how you're taking You're
Speaker 1: borrowing it for cheap, and then you're converting it into
Speaker 1: another asset like bitcoin, and by doing that, bitcoin goes
Speaker 1: higher and the dollar goes lower. And I can continue
Speaker 1: to do that. All these companies are continuing to do
Speaker 1: that over and over and over. They're all doing the
Speaker 1: same thing. Following the playbook for Michael Saylor, Following the
Speaker 1: same playbook from George Soros when you made a billion
Speaker 1: dollars in a single trade. Now, I said before the break,
Speaker 1: I was going to tell you that you might even
Speaker 1: be able to do this, or you might even be
Speaker 1: doing this right now and not knowing. So for example,
Speaker 1: I've seen many many stories. Here's one right here, Morgan's
Speaker 1: in April refinance the house um and and got a
Speaker 1: one point seven five loan from the bank and took
Speaker 1: some of that money and bob bitcoin. So that's this
Speaker 1: is a story I'm reading here. So they refinanced the
Speaker 1: house at one point seven interest and took some of
Speaker 1: that money. So again, just like these funds, just like
Speaker 1: Michael Saylor borrowed money at one point seven five percent,
Speaker 1: which is way below the six percent inflation, and bought
Speaker 1: bitcoin with it. Now, I'm definitely not suggesting that you
Speaker 1: do this. Obviously, anytime you play with leverage, it's a
Speaker 1: dangerous scheme. Let leverages like fire. It can cook your
Speaker 1: food or it can burn your house down. But you
Speaker 1: might even be doing this without knowing it. So for example, um,
Speaker 1: if you've bought bitcoin or any cryptocurrencies recently, do you
Speaker 1: have any debt? Because if you have any debt, college debt,
Speaker 1: school debt, home debt, any kind of debt, and instead
Speaker 1: of paying the debt down, you decided to buy bitcoin
Speaker 1: and cryptocurrencies. Then you actually did the same thing. It's
Speaker 1: no different if you took a loan out to buy
Speaker 1: it or if you um bought it without paying your
Speaker 1: debt down. You're doing the same speculative attack either way. UM,
Speaker 1: I think I think history will prove it to be
Speaker 1: a good idea. We'll have to wait and see. Again.
Speaker 1: This is not financial advice. I'm just letting you know
Speaker 1: what is going on. Like I said, those are all
Speaker 1: articles from this week, It's happening on a bigger and
Speaker 1: bigger scale. I'm definitely with Katholeen Cathy would like I said,
Speaker 1: I give it a better than average chance that we
Speaker 1: see five percent allocation towards bitcoin from these giant institutions.
Speaker 1: We're seeing it at such a rapid rate. I don't
Speaker 1: see how it's not possible you determine your own probability
Speaker 1: and then determine your own position sizes. Uh, you're listening
Speaker 1: to the Mark Moa show. We're talking about bitcoin, we're
Speaker 1: talking about cryptocurrencies, and we're talking about the the centralized revolution.
Speaker 1: It's literally the largest. It's it's the biggest shift we've
Speaker 1: ever seen in humanity. And I know that sounds really big,
Speaker 1: and each and every week, I'm going to continue to
Speaker 1: prove that to you over and over and over. It's
Speaker 1: gonna be the biggest wealth transfer we've ever seen. And
Speaker 1: the good news is you get to the side. Which
Speaker 1: side you want to be on, the receiving side or
Speaker 1: the or the giving side. I choose the receiving side. Um,
Speaker 1: you're listening to the Mark Moa show talking about bitcoin
Speaker 1: and cryptocurrencies. Thanks for listening.