1 00:00:00,160 --> 00:00:03,040 Speaker 1: Hello, you are listening to the Mark Moa show where 2 00:00:03,040 --> 00:00:06,439 Speaker 1: we are talking about bitcoin. We're talking about crypto, guarrensees, 3 00:00:06,720 --> 00:00:10,760 Speaker 1: we are talking about the decentralized revolution that is happening 4 00:00:10,960 --> 00:00:14,520 Speaker 1: right before our very eyes. And you know, I understand 5 00:00:14,520 --> 00:00:17,800 Speaker 1: that not everybody sees the importance of what's going on. Um. 6 00:00:17,920 --> 00:00:21,360 Speaker 1: Maybe it's like the proverbial, you know, frog in the 7 00:00:21,360 --> 00:00:23,360 Speaker 1: pot of boiling water, you don't notice it around you, 8 00:00:23,480 --> 00:00:25,479 Speaker 1: or or maybe it's like watching paint dry. But it 9 00:00:25,720 --> 00:00:28,880 Speaker 1: is happening, and history books will be written about this 10 00:00:28,920 --> 00:00:32,480 Speaker 1: point in time. I know my grandkids are gonna think 11 00:00:32,520 --> 00:00:35,400 Speaker 1: back and go, man, I can't believe my great my 12 00:00:35,720 --> 00:00:39,120 Speaker 1: granddad or my great granddad bought all that bitcoin. Um, 13 00:00:39,200 --> 00:00:41,680 Speaker 1: it is going to be that big. And you know, 14 00:00:42,159 --> 00:00:45,120 Speaker 1: we we we talk a lot about a lot of 15 00:00:45,120 --> 00:00:47,680 Speaker 1: different things. You know, I covered the price a little bit. 16 00:00:47,840 --> 00:00:51,160 Speaker 1: I'd like to say the price is a distraction because 17 00:00:51,159 --> 00:00:54,120 Speaker 1: really in a new technology and emerging technology, we're looking 18 00:00:54,120 --> 00:00:57,800 Speaker 1: for the the underlying or the fundamental things that are 19 00:00:57,840 --> 00:01:01,680 Speaker 1: happening that that i'll you know, make us think that 20 00:01:01,720 --> 00:01:04,120 Speaker 1: it's going to be so much bigger than it is. Um. 21 00:01:04,160 --> 00:01:06,520 Speaker 1: If you're listening to me each and every week. Well, 22 00:01:06,560 --> 00:01:08,320 Speaker 1: first off, if you're not to listen to me each 23 00:01:08,319 --> 00:01:10,039 Speaker 1: and every week, then you should be. And so why 24 00:01:10,040 --> 00:01:11,720 Speaker 1: don't you just pull out your phone right now, put 25 00:01:11,720 --> 00:01:13,959 Speaker 1: a put a time stamp, but put a calendar appointment 26 00:01:13,959 --> 00:01:16,400 Speaker 1: on this channel at this time. Uh, it will be 27 00:01:16,440 --> 00:01:18,880 Speaker 1: the most profitable part of your week. But I like 28 00:01:18,959 --> 00:01:21,240 Speaker 1: to say each and every week that the prices distraction. 29 00:01:21,280 --> 00:01:23,000 Speaker 1: We want to look at two things, and so we 30 00:01:23,040 --> 00:01:26,120 Speaker 1: want to look at um the growth of the network, 31 00:01:26,200 --> 00:01:28,320 Speaker 1: how many users are using the network, and we want 32 00:01:28,319 --> 00:01:30,840 Speaker 1: to look at the development that's happening on the network. 33 00:01:30,880 --> 00:01:32,399 Speaker 1: Those are kind of the two things that we want 34 00:01:32,400 --> 00:01:34,839 Speaker 1: to be looking at. And as long as the network's growing, 35 00:01:34,880 --> 00:01:38,800 Speaker 1: more and more users are using it um and development 36 00:01:38,880 --> 00:01:41,440 Speaker 1: is happening on it um, then we know that everything 37 00:01:41,560 --> 00:01:44,480 Speaker 1: is still on track and that the future should be 38 00:01:44,600 --> 00:01:47,360 Speaker 1: looking very very bright. And so I like to look 39 00:01:47,360 --> 00:01:49,280 Speaker 1: at those things that that tells me more about the future. 40 00:01:49,280 --> 00:01:51,320 Speaker 1: I think trying to, you know, think what the price 41 00:01:51,400 --> 00:01:53,360 Speaker 1: is going to be by next week, or next month 42 00:01:53,480 --> 00:01:57,040 Speaker 1: or even next year is is very difficult. The short 43 00:01:57,160 --> 00:02:02,000 Speaker 1: term picture is very very hard to predict, if not impossible. 44 00:02:02,280 --> 00:02:05,440 Speaker 1: But I think the longer term picture is easier. Right. 45 00:02:05,720 --> 00:02:09,880 Speaker 1: For example, UM, if if you ate a big Mac 46 00:02:10,720 --> 00:02:13,360 Speaker 1: every single day for lunch from now until the end 47 00:02:13,360 --> 00:02:16,000 Speaker 1: of the month, how much you know, how much weight 48 00:02:16,000 --> 00:02:17,959 Speaker 1: would you put on? For example? I mean, I don't 49 00:02:17,960 --> 00:02:19,839 Speaker 1: really know, but what if you did that every day 50 00:02:19,880 --> 00:02:23,480 Speaker 1: for three years? Right? It would probably easier to predict 51 00:02:23,520 --> 00:02:24,760 Speaker 1: that in a couple of years from now than it 52 00:02:24,760 --> 00:02:26,799 Speaker 1: would be in in in two weeks. And so that 53 00:02:26,880 --> 00:02:28,720 Speaker 1: kind of gives you an idea like when you when 54 00:02:28,760 --> 00:02:31,280 Speaker 1: you see these things happening now, it's easier to predict 55 00:02:31,320 --> 00:02:33,440 Speaker 1: where they'll be in the future. And so one of 56 00:02:33,440 --> 00:02:37,399 Speaker 1: the things I saw this week, which was which was massive, uh, 57 00:02:37,560 --> 00:02:41,120 Speaker 1: and I guess it's it's sweeping through the industry is 58 00:02:41,120 --> 00:02:48,400 Speaker 1: we're seeing multiple stadiums, football, basketball stadiums being being sponsored 59 00:02:48,440 --> 00:02:53,440 Speaker 1: by you know, cryptocurrency companies. We saw, um the Staples 60 00:02:53,440 --> 00:02:57,680 Speaker 1: Center in Los Angeles UM be renamed the Crypto dot 61 00:02:57,760 --> 00:03:01,520 Speaker 1: Com Arena. I believe one of the big stadiums I 62 00:03:01,520 --> 00:03:04,359 Speaker 1: think in Miami is sponsored by ft X, which is 63 00:03:04,400 --> 00:03:09,120 Speaker 1: a big cryptocurrency exchange. And uh. This week we also 64 00:03:09,280 --> 00:03:13,240 Speaker 1: saw a basketball team that the Houston Rockets have actually 65 00:03:13,280 --> 00:03:15,959 Speaker 1: partnered in a sponsorship deal that's going to pay them 66 00:03:16,040 --> 00:03:21,720 Speaker 1: out in bitcoin, which is pretty big. Now. You might 67 00:03:22,440 --> 00:03:25,119 Speaker 1: have seen or heard of things like this happening before. 68 00:03:25,120 --> 00:03:26,560 Speaker 1: As a matter of fact, I've talked about this sec 69 00:03:26,880 --> 00:03:29,720 Speaker 1: I think a few weeks ago I talked about UM. 70 00:03:29,760 --> 00:03:34,320 Speaker 1: The quarterback Aaron Rodgers has agreed to be paid in bitcoin. 71 00:03:34,920 --> 00:03:38,680 Speaker 1: I think Tom Brady, the quarterback, is also being paid 72 00:03:38,680 --> 00:03:43,680 Speaker 1: in bitcoin. We've seen Frances Soarez, he's the mayor of Miami. 73 00:03:44,240 --> 00:03:46,040 Speaker 1: He was like I think, the first one who came 74 00:03:46,040 --> 00:03:47,680 Speaker 1: out and said he was gonna be paid in bitcoin. 75 00:03:48,160 --> 00:03:51,080 Speaker 1: Now we've seen I think I want to say five, 76 00:03:51,320 --> 00:03:53,960 Speaker 1: four or five other mayors have come out saying they 77 00:03:54,000 --> 00:03:56,480 Speaker 1: want to be paid in bitcoin. Even even the mayor 78 00:03:57,040 --> 00:03:58,920 Speaker 1: I believe it was the new mayor of New York 79 00:03:59,000 --> 00:04:04,200 Speaker 1: City said that they want to be paid in bitcoin. UM. 80 00:04:04,240 --> 00:04:06,040 Speaker 1: And it's just so it's just spreading, right, It's just 81 00:04:06,080 --> 00:04:07,920 Speaker 1: spreading and spreading and spreading, right. We want to look 82 00:04:07,920 --> 00:04:10,320 Speaker 1: at the growth, the growth of the network, and it's 83 00:04:10,320 --> 00:04:13,920 Speaker 1: like spreading like wildfire. I mean, one one mayor said 84 00:04:13,920 --> 00:04:16,000 Speaker 1: he wants to be paid one athlete. I think the 85 00:04:16,040 --> 00:04:21,240 Speaker 1: first athlete I really remember UM was Russell A. Kong. 86 00:04:21,400 --> 00:04:24,320 Speaker 1: He's a football player. He was very very outspoken and 87 00:04:24,360 --> 00:04:27,040 Speaker 1: getting paid in bitcoin as a football player, and that 88 00:04:27,160 --> 00:04:30,760 Speaker 1: was probably two years ago. He's been super vocal. And 89 00:04:30,800 --> 00:04:33,960 Speaker 1: now we're seeing athletes just left and right, UM, choosing 90 00:04:34,000 --> 00:04:36,560 Speaker 1: to be paid in bitcoin. UM. And then you have 91 00:04:36,680 --> 00:04:39,320 Speaker 1: one mayor like Frances Suarez in Miami and say Miami 92 00:04:39,440 --> 00:04:42,000 Speaker 1: is going to be the bitcoin epicenter of the country. 93 00:04:42,200 --> 00:04:45,520 Speaker 1: And now five other mayors, including New York City, have 94 00:04:45,640 --> 00:04:47,120 Speaker 1: come out and said that in now New York City 95 00:04:47,160 --> 00:04:51,040 Speaker 1: wants to compete with UM Miami to be the main 96 00:04:51,400 --> 00:04:55,920 Speaker 1: bitcoins center. UM. And so that's the way to understand bitcoin. 97 00:04:55,920 --> 00:04:57,360 Speaker 1: You have to understand a lot of things, and that's 98 00:04:57,360 --> 00:04:59,320 Speaker 1: why it's difficult for most people to get it. You 99 00:04:59,320 --> 00:05:00,880 Speaker 1: have to understand a lot of things. And so some 100 00:05:00,920 --> 00:05:04,720 Speaker 1: of those things are history and monetary systems and currencies 101 00:05:04,720 --> 00:05:08,160 Speaker 1: and technology, um. But you also have to understand philosophy 102 00:05:08,200 --> 00:05:10,400 Speaker 1: like human sentences, and you have to understand game theory. 103 00:05:11,080 --> 00:05:14,080 Speaker 1: And so this is the game theory, right. It's like, um, 104 00:05:14,080 --> 00:05:16,960 Speaker 1: it's like a game of musical chairs. When the music stops, 105 00:05:16,960 --> 00:05:19,000 Speaker 1: there's not gonna be enough chairs for everyone to go around. 106 00:05:19,160 --> 00:05:22,080 Speaker 1: And so who's going to get those chairs first. And 107 00:05:22,080 --> 00:05:24,400 Speaker 1: of course with bitcoin, there's a hardcap. There will never 108 00:05:24,520 --> 00:05:29,279 Speaker 1: be more than twenty one million. Now that might sound 109 00:05:29,279 --> 00:05:31,280 Speaker 1: like a lot, but let me put that into perspective 110 00:05:31,320 --> 00:05:37,760 Speaker 1: for you. There's about approximately fifty million millionaires in the world. 111 00:05:38,440 --> 00:05:42,080 Speaker 1: So there's not even enough bitcoin for all the millionaires 112 00:05:42,480 --> 00:05:46,840 Speaker 1: in the world to own half of one. And uh, 113 00:05:46,880 --> 00:05:50,240 Speaker 1: we have some people like Michael Saylor who owns hundreds 114 00:05:50,320 --> 00:05:53,000 Speaker 1: of thousands of them. I don't know anywhere near that many, 115 00:05:53,040 --> 00:05:56,799 Speaker 1: but I definitely own um some and uh, that means 116 00:05:56,839 --> 00:05:59,720 Speaker 1: there's not even enough. Uh, there's not there's no work 117 00:05:59,760 --> 00:06:01,920 Speaker 1: even close for these millionaires to get half of one. 118 00:06:02,000 --> 00:06:03,599 Speaker 1: That's I mean, that's just how scarce it is. So 119 00:06:03,640 --> 00:06:07,920 Speaker 1: that the music is starting to stop and everybody's grabbing 120 00:06:07,960 --> 00:06:11,520 Speaker 1: their chairs. That's what the mayors are doing. Um, that's 121 00:06:11,520 --> 00:06:14,200 Speaker 1: what these athletes are doing. We're even seeing nations do this, right, 122 00:06:14,240 --> 00:06:17,000 Speaker 1: So El Salvador announced that they were gonna move to 123 00:06:17,360 --> 00:06:19,920 Speaker 1: um using bitcoin as a currency, and now other nations 124 00:06:19,960 --> 00:06:22,920 Speaker 1: are starting to do the same thing. But back to this. 125 00:06:22,960 --> 00:06:25,080 Speaker 1: News that broke this week was the Houston Rockets, which 126 00:06:25,080 --> 00:06:26,599 Speaker 1: I think was pretty big and what I liked about 127 00:06:26,640 --> 00:06:30,160 Speaker 1: the Houston Rockets deal is it wasn't just like a 128 00:06:30,200 --> 00:06:32,960 Speaker 1: personal kind of selfish thing. So what I mean by 129 00:06:32,960 --> 00:06:36,120 Speaker 1: that is, uh, you know, if Aaron Rodgers, as I 130 00:06:36,160 --> 00:06:39,400 Speaker 1: talked about, chooses to get paid in bitcoin, I mean 131 00:06:39,400 --> 00:06:42,720 Speaker 1: that's great for him, right, Um, it increases his bitcoin stack. 132 00:06:42,760 --> 00:06:45,120 Speaker 1: It doesn't really do much about much about other people 133 00:06:45,200 --> 00:06:48,360 Speaker 1: and the and the bitcoin space overall. But um, here 134 00:06:48,440 --> 00:06:51,960 Speaker 1: the NBA team, you know, the Houston Rockets, UM took 135 00:06:52,000 --> 00:06:55,120 Speaker 1: it on and it says that they partnered with Nightigg 136 00:06:55,160 --> 00:06:58,600 Speaker 1: in the sponsorship deal paid in bitcoin, and the team 137 00:06:58,640 --> 00:07:04,160 Speaker 1: will provide bitcoin education programs for the community and bitcoin 138 00:07:04,279 --> 00:07:08,400 Speaker 1: rewards and payment options for fans. That's what I mean 139 00:07:08,480 --> 00:07:11,119 Speaker 1: selfish and and don't take that word the wrong way 140 00:07:11,600 --> 00:07:13,400 Speaker 1: about what I mean is Aaron Rodgers going to buy bitcoin? 141 00:07:13,400 --> 00:07:15,880 Speaker 1: That is great for him. But this is the team 142 00:07:16,000 --> 00:07:21,000 Speaker 1: is going to provide bitcoin education programs for the community. Right, 143 00:07:21,080 --> 00:07:25,080 Speaker 1: so they're gonna reach out and start building education programs 144 00:07:25,120 --> 00:07:27,640 Speaker 1: for the people and really blow this up. And again 145 00:07:27,680 --> 00:07:29,920 Speaker 1: remember we're looking for two things, right, the growth of 146 00:07:29,960 --> 00:07:32,920 Speaker 1: the network and uh and the development on the network. 147 00:07:32,920 --> 00:07:35,680 Speaker 1: So this is the growth of network. They're actively UM 148 00:07:35,720 --> 00:07:38,800 Speaker 1: building out programs to grow the network, and that's massive. 149 00:07:38,880 --> 00:07:42,120 Speaker 1: Of course, UH, you're probably we probably have plenty of 150 00:07:42,120 --> 00:07:45,560 Speaker 1: sports fans listening to this, and they understand how much 151 00:07:45,600 --> 00:07:48,400 Speaker 1: influence these sports fans have, where these athletes have and 152 00:07:48,440 --> 00:07:50,640 Speaker 1: these brands have. And so when they're saying, hey, you 153 00:07:50,640 --> 00:07:53,920 Speaker 1: should educate yourself on bitcoin, and then even better, they're 154 00:07:53,920 --> 00:07:57,400 Speaker 1: paying bitcoin rewards UM and and allowing fans to pay 155 00:07:57,440 --> 00:07:59,600 Speaker 1: in bitcoin, I mean, I think that's just going to 156 00:07:59,680 --> 00:08:03,800 Speaker 1: be massive. UM. They said that bitcoin is uh provides 157 00:08:03,840 --> 00:08:06,000 Speaker 1: a creative reward payment options for their fan base and 158 00:08:06,040 --> 00:08:11,120 Speaker 1: associates UM. And it says the Rockets quote, the Rockets 159 00:08:11,120 --> 00:08:15,600 Speaker 1: will be hashtag paid in bitcoin. UM. So I think 160 00:08:15,640 --> 00:08:19,040 Speaker 1: that's massive. I think that's that's that's awesome. UM deliver 161 00:08:19,160 --> 00:08:22,000 Speaker 1: new opportunities, new experiences for the Rocket fans, for the 162 00:08:22,000 --> 00:08:25,760 Speaker 1: city of Houston. UM. Of course their Houston, Texas, which 163 00:08:25,800 --> 00:08:29,440 Speaker 1: Houston has become the epicenter, literally the leader, the global 164 00:08:29,560 --> 00:08:33,760 Speaker 1: leader in bitcoin mining. The governor of Texas, Governor Abbott, 165 00:08:33,800 --> 00:08:38,439 Speaker 1: has even been talking about UM making bitcoin main currency 166 00:08:38,600 --> 00:08:40,760 Speaker 1: in the state. So I guess there's no surprise that 167 00:08:40,800 --> 00:08:43,040 Speaker 1: the Houston Rockets are the first ones to do this. 168 00:08:43,120 --> 00:08:46,480 Speaker 1: But think about the growth that this will create, think 169 00:08:46,520 --> 00:08:48,720 Speaker 1: about the buzz that this will create. And then, like 170 00:08:48,760 --> 00:08:51,160 Speaker 1: I said, not just in them using it selfishly, like hey, 171 00:08:51,160 --> 00:08:53,360 Speaker 1: we're gonna put part of our savings into it, but no, 172 00:08:53,800 --> 00:08:59,200 Speaker 1: we're going to create programs to educate people and incentivize 173 00:08:59,320 --> 00:09:03,400 Speaker 1: people to use it. That is massive. And so when 174 00:09:03,440 --> 00:09:05,920 Speaker 1: I see that, that tells me that the that the 175 00:09:06,040 --> 00:09:07,840 Speaker 1: network is going to grow, and when the network grows, 176 00:09:08,200 --> 00:09:11,360 Speaker 1: the price is going to grow. After that, now, I 177 00:09:11,360 --> 00:09:13,360 Speaker 1: want to talk about some other things that are really 178 00:09:13,400 --> 00:09:17,160 Speaker 1: going to trigger Bitcoin's growth even faster. Um, I'm gonna 179 00:09:17,240 --> 00:09:19,280 Speaker 1: show you some numbers that are going to probably blow 180 00:09:19,320 --> 00:09:21,480 Speaker 1: your mind. By the way, you're listening to the Mark 181 00:09:21,559 --> 00:09:24,120 Speaker 1: mos Show, and of course we're talking about bitcoin and 182 00:09:24,160 --> 00:09:28,360 Speaker 1: cryptocurrencies and the decentralized revolution. We'll be right back. Let's 183 00:09:28,360 --> 00:09:31,720 Speaker 1: tell you more about Bitcoin's skyrocket. All right, welcome back. 184 00:09:31,760 --> 00:09:33,760 Speaker 1: You are listening to the Mark Moa Show, and we're 185 00:09:33,760 --> 00:09:37,000 Speaker 1: talking about bitcoin, of course, each and every week, don't 186 00:09:37,040 --> 00:09:39,960 Speaker 1: miss it. We're talking about bitcoin, we're talking about cryptocurrencies, 187 00:09:39,960 --> 00:09:43,560 Speaker 1: we're talking about the decentralized revolution, and I'm trying to 188 00:09:43,600 --> 00:09:46,080 Speaker 1: give you the play by play each and every week, 189 00:09:46,480 --> 00:09:48,600 Speaker 1: so you have the information that you need to be 190 00:09:48,960 --> 00:09:52,240 Speaker 1: well equipped, to be properly equipped to be positioned to 191 00:09:52,320 --> 00:09:55,440 Speaker 1: take advantage of this the biggest opportunity you'll ever have UM. 192 00:09:55,480 --> 00:09:57,560 Speaker 1: And if you listen to me each every week, I 193 00:09:57,679 --> 00:10:00,959 Speaker 1: promise you you're gonna have in formation that most people 194 00:10:01,000 --> 00:10:03,240 Speaker 1: don't have. So when you go to those parties, UH, 195 00:10:03,360 --> 00:10:05,200 Speaker 1: you're gonna you're gonna sound like the smartest guy there. 196 00:10:05,320 --> 00:10:07,680 Speaker 1: So if there's no other reason, just so you're cool, 197 00:10:07,760 --> 00:10:09,960 Speaker 1: go ahead and listen to me. But it would probably 198 00:10:10,000 --> 00:10:12,480 Speaker 1: be much more profitable for you than that over the 199 00:10:12,520 --> 00:10:14,840 Speaker 1: long run. Now, before the break, I was talking about 200 00:10:15,720 --> 00:10:18,240 Speaker 1: UM the again, right that I say it over and over. 201 00:10:18,280 --> 00:10:19,800 Speaker 1: The prices a distraction. We want to look at the 202 00:10:19,800 --> 00:10:22,000 Speaker 1: network growth and the development. And we look at the 203 00:10:22,000 --> 00:10:23,959 Speaker 1: network growth, we look at the amount of people, the 204 00:10:24,080 --> 00:10:26,439 Speaker 1: number of people using it. We're talking about the Houston Rockets, 205 00:10:26,480 --> 00:10:30,199 Speaker 1: the basketball team. UM is going to start UM allowing 206 00:10:30,240 --> 00:10:33,120 Speaker 1: people to pay in bitcoin, provide education for the community 207 00:10:33,440 --> 00:10:35,840 Speaker 1: UM and centives, rewards, et cetera. And so that's gonna 208 00:10:35,920 --> 00:10:39,679 Speaker 1: that's just going to accelerate the adoption, to accelerate the 209 00:10:39,720 --> 00:10:42,880 Speaker 1: growth of the network so fast that it's just gonna 210 00:10:42,880 --> 00:10:45,320 Speaker 1: blow minds. But there's some other things that are going 211 00:10:45,360 --> 00:10:49,240 Speaker 1: on that are going to do that even more. And 212 00:10:49,320 --> 00:10:54,720 Speaker 1: one of those things is that, um, the bitcoin will 213 00:10:54,760 --> 00:10:59,360 Speaker 1: continue to look more and more attractive in US dollars terms, 214 00:10:59,720 --> 00:11:03,439 Speaker 1: because as the US dollar itself is continuing to go 215 00:11:03,600 --> 00:11:07,679 Speaker 1: down and down and down. What do I mean by that, Well, 216 00:11:09,640 --> 00:11:12,720 Speaker 1: a lot of people think that their homes have become 217 00:11:12,760 --> 00:11:15,320 Speaker 1: more valuable. Oh my gosh, I can't believe it. My 218 00:11:15,400 --> 00:11:17,880 Speaker 1: home used to be five thousand dollars and now it's 219 00:11:17,880 --> 00:11:21,240 Speaker 1: eight hundred thousand dollars. My house went up in value. 220 00:11:21,840 --> 00:11:24,719 Speaker 1: M I hate to break it to you, Um, your 221 00:11:24,760 --> 00:11:28,920 Speaker 1: home didn't go up in value. The dollars became worth less, 222 00:11:28,960 --> 00:11:34,040 Speaker 1: and now it takes more dollars to buy that home. Um. Uh. 223 00:11:34,240 --> 00:11:37,080 Speaker 1: I recently bought some property out in in the Austin, 224 00:11:37,160 --> 00:11:40,679 Speaker 1: Texas area, and I was talking to some other friends 225 00:11:40,720 --> 00:11:43,240 Speaker 1: that are out there, and one of them, um bought 226 00:11:43,240 --> 00:11:46,040 Speaker 1: a house on Lake Travis, which is I'm not on 227 00:11:46,080 --> 00:11:48,520 Speaker 1: the lake, but on Lake Travis out there of Austin. 228 00:11:48,920 --> 00:11:51,000 Speaker 1: And he bought his house a year ago for ten 229 00:11:51,080 --> 00:11:54,600 Speaker 1: million dollars and just sold it one year later for 230 00:11:54,679 --> 00:12:00,280 Speaker 1: twenty two million. Insane bought it for ten million and 231 00:12:00,280 --> 00:12:02,800 Speaker 1: sold it for twenty two million dollars. But guess what, 232 00:12:03,440 --> 00:12:07,840 Speaker 1: the house didn't go up in value. The dollars lost value. 233 00:12:07,880 --> 00:12:10,120 Speaker 1: It takes more dollars to buy those things. And so 234 00:12:10,280 --> 00:12:14,120 Speaker 1: as the dollar continues to lose purchasing power, those dollars 235 00:12:14,160 --> 00:12:17,600 Speaker 1: purchase less homes today than they did before. People look 236 00:12:17,679 --> 00:12:21,520 Speaker 1: for ways to increase their purchasing power. And so as 237 00:12:21,559 --> 00:12:24,440 Speaker 1: the dollar is going down and bitcoin is going up 238 00:12:24,440 --> 00:12:28,280 Speaker 1: in value, Bitcoin continues to look more and more attractive. 239 00:12:28,679 --> 00:12:31,360 Speaker 1: That's why I will continue to see the network grow. Now. 240 00:12:31,920 --> 00:12:34,839 Speaker 1: As I said, as those dollars are losing value for 241 00:12:35,160 --> 00:12:38,600 Speaker 1: for a number of reasons, but primarily because the government, 242 00:12:38,679 --> 00:12:42,520 Speaker 1: the central banks cannot stop printing them. They cannot stop 243 00:12:42,640 --> 00:12:46,680 Speaker 1: creating money. They are printing. They're creating money like it 244 00:12:46,840 --> 00:12:48,880 Speaker 1: is going out of style, like we've never seen any 245 00:12:48,920 --> 00:12:50,839 Speaker 1: time in all of history. As a matter of fact, 246 00:12:51,480 --> 00:12:56,360 Speaker 1: somewhere between thirty of all the dollars in existence today 247 00:12:56,880 --> 00:12:59,760 Speaker 1: we're created in the last year and a half. Wow, 248 00:13:00,280 --> 00:13:03,320 Speaker 1: that is amazing. I mean, we've just never seen growth 249 00:13:03,360 --> 00:13:08,280 Speaker 1: like that. We've seen about twenty five percent inflation per 250 00:13:08,400 --> 00:13:12,160 Speaker 1: year What that means is that prices they created about 251 00:13:12,320 --> 00:13:16,200 Speaker 1: um the money supply increased about in the year, and 252 00:13:16,240 --> 00:13:19,720 Speaker 1: then we see prices go up by about in a 253 00:13:19,800 --> 00:13:22,800 Speaker 1: year now. Some places like Lake Travis go up, some 254 00:13:22,880 --> 00:13:25,760 Speaker 1: places go up less than but on average that's what 255 00:13:25,760 --> 00:13:29,000 Speaker 1: we've seen. But they want to spend even more money. 256 00:13:29,400 --> 00:13:31,960 Speaker 1: They can't get enough. As a matter of fact, last 257 00:13:32,000 --> 00:13:35,880 Speaker 1: week the world leaders all met in Glasgow at this 258 00:13:35,960 --> 00:13:40,800 Speaker 1: climate Climate summit, and they they made a bunch of 259 00:13:40,800 --> 00:13:45,000 Speaker 1: big proclamations, a bunch of big moves, and um, they 260 00:13:45,040 --> 00:13:48,360 Speaker 1: basically came back saying that in order to save the world, 261 00:13:48,400 --> 00:13:51,000 Speaker 1: we have to destroy it. They didn't actually say that, 262 00:13:51,040 --> 00:13:52,920 Speaker 1: but they said, in order to save the world, we 263 00:13:53,000 --> 00:13:54,640 Speaker 1: have to act quick and we have to do all 264 00:13:54,720 --> 00:13:58,840 Speaker 1: this spending. Who saved the environment to go green? We 265 00:13:58,880 --> 00:14:01,760 Speaker 1: want to go net zero is actually the quote that 266 00:14:01,800 --> 00:14:04,720 Speaker 1: they said. And they came back and they put this 267 00:14:04,800 --> 00:14:07,360 Speaker 1: report together, all these things that we have to do 268 00:14:07,760 --> 00:14:10,880 Speaker 1: in order to get to net zero per This s 269 00:14:11,120 --> 00:14:15,360 Speaker 1: c OP is what they met on. And so in 270 00:14:15,440 --> 00:14:18,000 Speaker 1: order to achieve the transition to clean technologies in all 271 00:14:18,080 --> 00:14:21,480 Speaker 1: sectors at an unprecedented pace would be required. They said 272 00:14:21,800 --> 00:14:23,880 Speaker 1: that they're gonna have to to steer the governments and willingness 273 00:14:23,920 --> 00:14:28,760 Speaker 1: of society. That's the keyword. We have to steer governments 274 00:14:28,760 --> 00:14:31,360 Speaker 1: and the willingness of society because the society and don't 275 00:14:31,360 --> 00:14:35,000 Speaker 1: want to go along with this UM. And guess what, 276 00:14:35,440 --> 00:14:37,880 Speaker 1: it's going to cost a lot of money. It's gonna 277 00:14:37,920 --> 00:14:39,080 Speaker 1: cost a lot of mind. As a matter of fact, 278 00:14:39,080 --> 00:14:40,520 Speaker 1: it's going to cost more money than we've ever seen 279 00:14:40,520 --> 00:14:41,800 Speaker 1: in the history of the world. I don't know where 280 00:14:41,800 --> 00:14:44,880 Speaker 1: they're gonna get it from UM, but they're gonna somehow 281 00:14:44,920 --> 00:14:47,080 Speaker 1: get it. I'm guessing they're going to print it. The 282 00:14:47,120 --> 00:14:50,640 Speaker 1: money printers are gonna be printing all night long, worrying 283 00:14:50,920 --> 00:14:54,920 Speaker 1: like like machines, and so UM Bank of America basically 284 00:14:55,000 --> 00:14:59,200 Speaker 1: went through all of the UM proposals that were put 285 00:14:59,200 --> 00:15:02,600 Speaker 1: together to get that zero and Bank of America came 286 00:15:02,600 --> 00:15:05,640 Speaker 1: out with the report and said that UM. They said, 287 00:15:06,440 --> 00:15:09,480 Speaker 1: the key question is how much will it cost? Question 288 00:15:09,520 --> 00:15:14,040 Speaker 1: Mark Well. Bank of America. UM writes that a hundred 289 00:15:14,120 --> 00:15:18,080 Speaker 1: and fifty trillion dollars will need to be spent over 290 00:15:18,120 --> 00:15:24,720 Speaker 1: the next thirty years, which is five trillion dollars per year. 291 00:15:25,920 --> 00:15:28,920 Speaker 1: Now I know, we go numb to numbers so maybe 292 00:15:28,920 --> 00:15:31,160 Speaker 1: that doesn't mean a lot to you. UM, but let 293 00:15:31,160 --> 00:15:33,680 Speaker 1: me just man, man, it's such a big number. How 294 00:15:33,680 --> 00:15:38,400 Speaker 1: do we put into perspective? Basically, it's twice the current 295 00:15:38,440 --> 00:15:43,840 Speaker 1: global GDP twice two times so UM, typically you would 296 00:15:44,320 --> 00:15:47,760 Speaker 1: normally people like you and me are business as our households, 297 00:15:47,760 --> 00:15:51,640 Speaker 1: we would spend less money than we bring in, the 298 00:15:51,720 --> 00:15:54,560 Speaker 1: government should also spend less money than they bring in. 299 00:15:54,880 --> 00:15:59,240 Speaker 1: That's the GDP. But no, they want to um spend 300 00:15:59,320 --> 00:16:03,480 Speaker 1: twice the current global GDP five trillion dollars and annual 301 00:16:03,520 --> 00:16:06,360 Speaker 1: investments UM A hundred and fifty chill. Now, to put 302 00:16:06,400 --> 00:16:09,760 Speaker 1: this into even more perspective, UM, the entire debt of 303 00:16:09,800 --> 00:16:12,240 Speaker 1: the United States over the last I mean two hundred 304 00:16:12,360 --> 00:16:15,600 Speaker 1: years is now up to an eye break, you know, 305 00:16:15,960 --> 00:16:20,880 Speaker 1: a nosebleed height of about twenty eight trillion UM, which, 306 00:16:21,080 --> 00:16:23,360 Speaker 1: as I said about that was creating the last year 307 00:16:23,360 --> 00:16:28,120 Speaker 1: and a half UM trillion. They want to spend a 308 00:16:28,280 --> 00:16:32,400 Speaker 1: hundred and fifty a hundred and fifty thirty, they want 309 00:16:32,400 --> 00:16:35,280 Speaker 1: to spend thirty two. I mean, it's just it's just insane. 310 00:16:35,320 --> 00:16:38,600 Speaker 1: It's just insane. But what's going to happen? Well, the 311 00:16:38,680 --> 00:16:41,560 Speaker 1: about they're going to print more dollars, the value of 312 00:16:41,600 --> 00:16:43,920 Speaker 1: those dollars will continue to go down and down and down. 313 00:16:43,960 --> 00:16:47,680 Speaker 1: They'll be buying less gasoline will be twenty five dollars 314 00:16:47,680 --> 00:16:50,920 Speaker 1: a gallon. Oil will be three a gallon. You probably 315 00:16:50,920 --> 00:16:52,720 Speaker 1: won't be able to travel by air anymore because it 316 00:16:52,720 --> 00:16:56,760 Speaker 1: will be so expensive, UM. And that is only going 317 00:16:56,800 --> 00:16:59,800 Speaker 1: to make Bitcoin look more and more attractive, because of 318 00:16:59,800 --> 00:17:03,760 Speaker 1: course they can't add to the supply a bitcoin. It's fixed. 319 00:17:04,240 --> 00:17:07,520 Speaker 1: They can't do that. So we're gonna have one asset 320 00:17:07,520 --> 00:17:10,320 Speaker 1: that they're printing so fast, they're manipulating so fast, that's 321 00:17:10,320 --> 00:17:12,000 Speaker 1: going down in value, and then we have another asset 322 00:17:12,440 --> 00:17:15,240 Speaker 1: that can't be manipulated, and that will be going up 323 00:17:15,280 --> 00:17:18,679 Speaker 1: in value. And when people start to see that um contrast, 324 00:17:18,920 --> 00:17:21,960 Speaker 1: of course they're going to be jumping over into the 325 00:17:22,040 --> 00:17:26,240 Speaker 1: new asset. Now that's what Bank of America said hundred chillion, 326 00:17:26,280 --> 00:17:28,920 Speaker 1: but some estimates say even more. As a matter of fact, 327 00:17:29,400 --> 00:17:31,639 Speaker 1: UM the b n e F as a higher estimate. 328 00:17:31,800 --> 00:17:33,600 Speaker 1: They say the total investment needed for energy supply and 329 00:17:33,600 --> 00:17:35,880 Speaker 1: infrastructure could be as high as a hundred and seventy 330 00:17:36,119 --> 00:17:41,240 Speaker 1: three D seventy three trillion, almost six chillion annually UM 331 00:17:41,280 --> 00:17:44,439 Speaker 1: but there's something that will happen before we get to 332 00:17:44,480 --> 00:17:47,879 Speaker 1: the level. There's a trigger that was predicted by one 333 00:17:47,920 --> 00:17:49,720 Speaker 1: of my favorite economists that I want to talk about 334 00:17:49,800 --> 00:17:53,840 Speaker 1: when we come back. UM, something that when this trigger happens, 335 00:17:54,320 --> 00:17:57,280 Speaker 1: it's like a floodgate is going to happen. UM. So 336 00:17:57,320 --> 00:17:58,600 Speaker 1: I'm gonna tell you about that when I get back. 337 00:17:58,640 --> 00:18:00,600 Speaker 1: By the way, you're listening to the Mark Mash We're 338 00:18:00,600 --> 00:18:03,440 Speaker 1: talking about bitcoin, We're talking about cryptocurrencies. We're talking about 339 00:18:03,520 --> 00:18:07,600 Speaker 1: this decentralized revolution. We're talking about potentially the end of 340 00:18:07,760 --> 00:18:10,520 Speaker 1: currency as we know it. UM, don't go away, We're 341 00:18:10,520 --> 00:18:12,920 Speaker 1: gonna listen. We're gonna come back and talk about um, 342 00:18:13,000 --> 00:18:15,920 Speaker 1: the trigger point. I'll be right back. All right, welcome back. 343 00:18:15,920 --> 00:18:17,640 Speaker 1: You are listening to the Mark ma Show, and we're 344 00:18:17,640 --> 00:18:21,200 Speaker 1: talking about bitcoin. We're talking about cryptocurrencies, we're talking about 345 00:18:21,200 --> 00:18:24,520 Speaker 1: the decentralized revolution. I want to tell you that we're 346 00:18:24,520 --> 00:18:26,520 Speaker 1: talking about bitcoin because you should join me each and 347 00:18:26,520 --> 00:18:30,080 Speaker 1: every week because we're literally sitting on the biggest shift 348 00:18:30,119 --> 00:18:33,520 Speaker 1: to humanity that we've ever seen. It's a technological revolution. UM. 349 00:18:33,560 --> 00:18:35,240 Speaker 1: I know a lot of people are trying to figure out, 350 00:18:35,280 --> 00:18:37,760 Speaker 1: like what's going on with the technology and what are 351 00:18:37,800 --> 00:18:40,119 Speaker 1: these n f T things? And can I make a 352 00:18:40,200 --> 00:18:44,160 Speaker 1: jpeg that I can buy on the blockchain? But it's 353 00:18:44,160 --> 00:18:46,439 Speaker 1: way bigger than that. We have way bigger problems than that, 354 00:18:46,560 --> 00:18:50,400 Speaker 1: and this is gonna be way more monumental than that. So, UM, 355 00:18:50,520 --> 00:18:54,520 Speaker 1: we're not talking about pokemon cards UM on blockchains. I'm sorry. UM. 356 00:18:54,560 --> 00:18:57,040 Speaker 1: We are talking about the problem in the world that's 357 00:18:57,040 --> 00:19:00,800 Speaker 1: happening right now that is going to create a massive 358 00:19:00,920 --> 00:19:04,160 Speaker 1: problem for most people, but also potentially the biggest opportunity 359 00:19:04,200 --> 00:19:06,800 Speaker 1: of your life if you're paying attention now. Before the break, 360 00:19:06,840 --> 00:19:12,040 Speaker 1: I was talking about how um as the dollar value 361 00:19:12,119 --> 00:19:14,840 Speaker 1: is going down, meaning the purchasing power, meaning it purchases 362 00:19:14,920 --> 00:19:18,119 Speaker 1: less and less and less because they're printing more and 363 00:19:18,160 --> 00:19:20,960 Speaker 1: more and more UM. That is going to make more 364 00:19:20,960 --> 00:19:22,520 Speaker 1: and more people want to go to bitcoin, right, So 365 00:19:22,520 --> 00:19:25,480 Speaker 1: they're manipuating the money supply printing more money. I talked 366 00:19:25,480 --> 00:19:29,320 Speaker 1: about how under the new UM climate change that they 367 00:19:29,320 --> 00:19:32,200 Speaker 1: did at the COP twenty six last week, they want 368 00:19:32,240 --> 00:19:36,320 Speaker 1: to spend about a hundred and fifty trillion dollars UM 369 00:19:36,320 --> 00:19:39,800 Speaker 1: to somehow you know, reduced greenhouse gases or something like that, 370 00:19:40,160 --> 00:19:42,000 Speaker 1: and so that is only going to continue to make 371 00:19:42,040 --> 00:19:46,199 Speaker 1: the dollar worth less or worthless, um, and more and 372 00:19:46,240 --> 00:19:48,560 Speaker 1: more people will be jumping ship out of that sinking 373 00:19:48,600 --> 00:19:52,720 Speaker 1: boat and moving into something that can't be manipulated. Now 374 00:19:53,160 --> 00:19:56,800 Speaker 1: there's a there's a process that was highlighted by one 375 00:19:56,840 --> 00:20:01,440 Speaker 1: of my favorite economists. His name is Ludwig Gavon Mess 376 00:20:01,480 --> 00:20:06,080 Speaker 1: and um, he illustrated or he actually kind of laid 377 00:20:06,119 --> 00:20:08,720 Speaker 1: this out for us in something that he calls a 378 00:20:08,840 --> 00:20:13,399 Speaker 1: crack up boom. All right, a crack up boom. And 379 00:20:13,440 --> 00:20:16,400 Speaker 1: the crack up boom is an economic crisis that involves 380 00:20:16,400 --> 00:20:19,639 Speaker 1: a recession in the real economy and it collapse of 381 00:20:19,720 --> 00:20:24,159 Speaker 1: the monetary system due to continual credit expansion resulting an 382 00:20:24,240 --> 00:20:29,840 Speaker 1: unsustainable rapid price increases. All right, so think about that. Um, 383 00:20:29,880 --> 00:20:33,639 Speaker 1: it's a it's an economic crisis. So the economy that 384 00:20:33,720 --> 00:20:37,919 Speaker 1: involves a recession, all right, sound familiar. And then and 385 00:20:37,960 --> 00:20:42,800 Speaker 1: then the monetary system do a continual credit expansion, so 386 00:20:42,880 --> 00:20:46,719 Speaker 1: the economy is failing. Um. In southern California, we have, 387 00:20:46,880 --> 00:20:49,200 Speaker 1: you know, all these ships off the port. We used 388 00:20:49,200 --> 00:20:52,520 Speaker 1: to have none off the coast, and now they're stretching 389 00:20:52,680 --> 00:20:54,840 Speaker 1: from Long Beach all the way to San Diego. You guys, 390 00:20:54,840 --> 00:20:56,520 Speaker 1: probably don't know how far that is, but it's like 391 00:20:56,840 --> 00:20:59,240 Speaker 1: hundreds of miles. I think there was a hundred and 392 00:20:59,240 --> 00:21:01,879 Speaker 1: ten ship at some point sitting off off the coast. 393 00:21:02,119 --> 00:21:07,679 Speaker 1: The economy is falling apart um while the monetary system 394 00:21:07,760 --> 00:21:12,000 Speaker 1: has this continual credit expansion. So the Biden administration, the 395 00:21:12,359 --> 00:21:15,600 Speaker 1: Brandon administration is continuing to try to push more money 396 00:21:15,640 --> 00:21:19,560 Speaker 1: through one point nine trillion for this, another three point 397 00:21:19,560 --> 00:21:22,480 Speaker 1: five trillion for this, and now, as I said, they 398 00:21:22,560 --> 00:21:25,000 Speaker 1: want to come up with a hundred and fifty trillion 399 00:21:25,040 --> 00:21:27,560 Speaker 1: dollars um and so where do they get that through 400 00:21:27,680 --> 00:21:30,800 Speaker 1: credit expansions at the same time, right, so the economy 401 00:21:30,840 --> 00:21:33,600 Speaker 1: is falling apart, the credit expansion is happening. So it's 402 00:21:33,600 --> 00:21:37,600 Speaker 1: really those two key features, right, excessively expansionary monetary policy 403 00:21:38,960 --> 00:21:42,360 Speaker 1: in addition to the normal consequences and to um which 404 00:21:42,440 --> 00:21:44,960 Speaker 1: leads a hyper inflation. So that's kind of what what 405 00:21:45,080 --> 00:21:47,000 Speaker 1: the setup is. I want to read you a couple 406 00:21:47,040 --> 00:21:50,600 Speaker 1: of things here. Now, um, there might be a lot 407 00:21:50,640 --> 00:21:54,120 Speaker 1: of economists listen to this. There might be a lot 408 00:21:54,160 --> 00:21:58,199 Speaker 1: of people who majored in economics in college, and you 409 00:21:58,320 --> 00:22:01,400 Speaker 1: might not be familiar with the what's known as Austrian 410 00:22:01,440 --> 00:22:04,680 Speaker 1: economics or the Austrian school of US economics. And that's 411 00:22:04,720 --> 00:22:08,320 Speaker 1: because it's purposely not taught to you. And the reason 412 00:22:08,320 --> 00:22:10,800 Speaker 1: why it's purposely not taught to you is because it 413 00:22:10,880 --> 00:22:15,040 Speaker 1: doesn't make printing money unlimited seemed like a good idea, 414 00:22:15,800 --> 00:22:18,680 Speaker 1: and so, uh, they don't want anybody to think that. 415 00:22:18,920 --> 00:22:22,159 Speaker 1: So in the Austrian business cycle theory, in the normal 416 00:22:22,200 --> 00:22:25,600 Speaker 1: course of an economic boom would be driven driven by 417 00:22:25,640 --> 00:22:27,919 Speaker 1: an expansion of money and credit. The structure of the 418 00:22:27,920 --> 00:22:33,120 Speaker 1: economy becomes distorted in ways that eventually result in shortages 419 00:22:33,200 --> 00:22:36,760 Speaker 1: of various commodities and types of labor. All right, I'm 420 00:22:36,800 --> 00:22:39,840 Speaker 1: reading that. Um, I'm reading that word for word. So 421 00:22:40,119 --> 00:22:42,160 Speaker 1: in the normal course of an economic boom, driven by 422 00:22:42,320 --> 00:22:45,720 Speaker 1: expansion of money again, right, expanding the money supply. So 423 00:22:45,800 --> 00:22:48,480 Speaker 1: for those of you guys don't know, in uh, in 424 00:22:49,680 --> 00:22:52,320 Speaker 1: one we broke the gold standard and we've been expanding 425 00:22:52,359 --> 00:22:54,400 Speaker 1: the money supply. The gold standard kept the US dollar 426 00:22:54,480 --> 00:22:58,359 Speaker 1: supply fixed tied to gold, and since then it's been expanding. 427 00:22:58,359 --> 00:23:01,800 Speaker 1: So it's an expand expansion of money. So in economic boon, 428 00:23:01,920 --> 00:23:04,879 Speaker 1: driven by the expansion of money and credit, which is 429 00:23:04,880 --> 00:23:07,760 Speaker 1: what we've had, right, um that says the structure of 430 00:23:07,800 --> 00:23:11,639 Speaker 1: the economy becomes distorted in ways that eventually result in 431 00:23:11,760 --> 00:23:15,879 Speaker 1: shortages of various commodities and types of labor. So the 432 00:23:15,920 --> 00:23:20,840 Speaker 1: economy becomes distorted because money is what what is what 433 00:23:20,960 --> 00:23:25,960 Speaker 1: communicates value. The price is the signal that helps coordinate things. 434 00:23:25,960 --> 00:23:27,960 Speaker 1: So how do I know if I should make more 435 00:23:28,000 --> 00:23:30,399 Speaker 1: of one thing and less of another. Well, the price. 436 00:23:30,600 --> 00:23:32,359 Speaker 1: If nobody will buy anything for it, then I should 437 00:23:32,359 --> 00:23:34,160 Speaker 1: probably stop making it. If a lot of people will 438 00:23:34,160 --> 00:23:35,520 Speaker 1: pay a lot of money for it, I should probably 439 00:23:35,520 --> 00:23:39,320 Speaker 1: make more. The price is what coordinates eight billion people 440 00:23:39,359 --> 00:23:42,640 Speaker 1: around the world. But when that becomes distorted, as it says, 441 00:23:42,680 --> 00:23:45,159 Speaker 1: because of the fake money that was poured in, it 442 00:23:45,440 --> 00:23:49,240 Speaker 1: results in shortages of various commodities and types of labor. 443 00:23:49,640 --> 00:23:51,160 Speaker 1: That sounds like what we have going on right now. 444 00:23:51,560 --> 00:23:54,040 Speaker 1: Supply chains are backed up. Why because they don't have 445 00:23:54,080 --> 00:23:56,280 Speaker 1: the parts they need? Why because they can't get the supplies. 446 00:23:56,359 --> 00:23:59,359 Speaker 1: Why because they can't get commodities. Why we have we 447 00:23:59,400 --> 00:24:03,040 Speaker 1: have shortages of labor. That sounds familiar. Now everybody thinks 448 00:24:03,040 --> 00:24:06,560 Speaker 1: this is transitory. We don't understand why Joe Biden promises 449 00:24:06,560 --> 00:24:08,040 Speaker 1: he's going to get to the bottom of this. He's 450 00:24:08,040 --> 00:24:10,639 Speaker 1: gonna file Uh, he's gonna look at the SEC and 451 00:24:10,680 --> 00:24:13,159 Speaker 1: have them to start looking into businesses to figure out 452 00:24:13,200 --> 00:24:16,840 Speaker 1: if they're doing some unfair things. No, no, no, no, 453 00:24:17,480 --> 00:24:21,280 Speaker 1: it's the expansion of money and credit. It was predicted 454 00:24:22,440 --> 00:24:26,119 Speaker 1: years ago. Okay, so then um which then leads to 455 00:24:26,200 --> 00:24:30,920 Speaker 1: increasing consumer price inflation. So results in shortage of various 456 00:24:30,920 --> 00:24:33,760 Speaker 1: commodities and types of labor, which then lead to increasing 457 00:24:33,880 --> 00:24:38,920 Speaker 1: consumer price inflation. Sound familiar, Then I'm gonna read again. 458 00:24:38,960 --> 00:24:42,400 Speaker 1: The rising prices and limited availability of necessary inputs and 459 00:24:42,520 --> 00:24:47,359 Speaker 1: labor put pressure on businesses and cause a rash of 460 00:24:47,480 --> 00:24:53,000 Speaker 1: failures of various investment projects and business bankruptcies. This is 461 00:24:53,080 --> 00:24:56,119 Speaker 1: known as the real resource crunch, which triggers the turning 462 00:24:56,160 --> 00:25:01,840 Speaker 1: point in the economy from boom to bust. All this, 463 00:25:02,400 --> 00:25:04,720 Speaker 1: we knew this was going to happen. This is what 464 00:25:04,880 --> 00:25:08,240 Speaker 1: happens when you have a monetary expansion. This is why 465 00:25:08,280 --> 00:25:13,520 Speaker 1: they don't teach Austrian. Uh, Austrian economics in colleges. They 466 00:25:13,560 --> 00:25:16,120 Speaker 1: don't want you to know this. One of my other 467 00:25:16,160 --> 00:25:20,520 Speaker 1: favorite economists, Frederick Hyak, he's Austria, also from Austrian school. 468 00:25:20,560 --> 00:25:23,919 Speaker 1: Now he actually won a Nobel Prize in Economics in 469 00:25:23,960 --> 00:25:26,680 Speaker 1: the seventies. UM, so they did recognize it back then. 470 00:25:26,720 --> 00:25:27,840 Speaker 1: That was, of course, when we were still in the 471 00:25:27,840 --> 00:25:31,400 Speaker 1: gold standard. UM and he famously described the situation as 472 00:25:31,480 --> 00:25:37,320 Speaker 1: like grabbing quote, grabbing a tiger by the tail. Once 473 00:25:37,359 --> 00:25:39,480 Speaker 1: the central bank decides to accelerate the process of credit 474 00:25:39,480 --> 00:25:42,880 Speaker 1: expansion and inflation in order to head off any recession risk, 475 00:25:43,200 --> 00:25:47,000 Speaker 1: then it continually faces the same choice of either accelerating 476 00:25:47,040 --> 00:25:50,760 Speaker 1: the process further or facing an even greater risk of 477 00:25:50,840 --> 00:25:54,840 Speaker 1: recession as distortions build in the real economy. So UM, 478 00:25:54,880 --> 00:25:58,320 Speaker 1: again they warned us fifty years ago this was ap 479 00:25:58,320 --> 00:26:01,600 Speaker 1: But once it starts, you can't op um. You either 480 00:26:01,720 --> 00:26:04,040 Speaker 1: one have to continue go, which continues to make the 481 00:26:04,040 --> 00:26:07,960 Speaker 1: problem worse, or you stop, which puts the whole system 482 00:26:08,000 --> 00:26:11,720 Speaker 1: at risk and and crashes everything. And so you want 483 00:26:11,720 --> 00:26:14,199 Speaker 1: to know why supply chains aren't working. You want to 484 00:26:14,240 --> 00:26:18,160 Speaker 1: know why things aren't working. You understand. I was trying 485 00:26:18,200 --> 00:26:21,680 Speaker 1: to fly home from Miami on Monday too, back to 486 00:26:21,800 --> 00:26:25,240 Speaker 1: my house in Puerto Rico, and my flight was delayed, 487 00:26:25,400 --> 00:26:27,359 Speaker 1: and it was delayed again, and then there was a 488 00:26:27,400 --> 00:26:29,639 Speaker 1: problem with the plane, and then UM they had to 489 00:26:29,680 --> 00:26:31,080 Speaker 1: they had to get us another plane, and then the 490 00:26:31,080 --> 00:26:33,680 Speaker 1: crew timed out and had to go home. Like this 491 00:26:33,720 --> 00:26:37,399 Speaker 1: stuff happens all the time. Now, this didn't used to happen. 492 00:26:37,920 --> 00:26:40,480 Speaker 1: The world used to work, boats, used to get unloaded, 493 00:26:40,840 --> 00:26:44,639 Speaker 1: planes used to fly. All these problems are a symptom 494 00:26:44,680 --> 00:26:49,520 Speaker 1: of what's going on now. This is putting um, you know, 495 00:26:49,680 --> 00:26:52,399 Speaker 1: putting stress is putting pressure on the dollar. They're creating 496 00:26:52,400 --> 00:26:55,359 Speaker 1: more and more dollars to try to that's the only option. 497 00:26:55,560 --> 00:26:57,720 Speaker 1: But it makes them worth less, which then makes bitcoin 498 00:26:58,200 --> 00:27:01,720 Speaker 1: more attractive. It's it's the safe DeValve. Now there's a point, 499 00:27:02,080 --> 00:27:05,600 Speaker 1: there's a trigger where something happens, and I want to 500 00:27:05,600 --> 00:27:07,560 Speaker 1: explain to you what that is, because you don't have 501 00:27:07,640 --> 00:27:10,520 Speaker 1: time once this trigger happens, you don't have time to 502 00:27:10,600 --> 00:27:12,440 Speaker 1: make a move afterwards. You have to make a move 503 00:27:12,720 --> 00:27:15,359 Speaker 1: before the trigger happens. Of course, you have to buy 504 00:27:15,600 --> 00:27:18,439 Speaker 1: you have to buy insurance on your house before the 505 00:27:18,480 --> 00:27:21,360 Speaker 1: fire burns it down, not after. And so I want 506 00:27:21,359 --> 00:27:25,840 Speaker 1: to tell you about this trigger that's potentially coming um 507 00:27:25,920 --> 00:27:27,679 Speaker 1: because like I said, if you wait until you see it, 508 00:27:27,680 --> 00:27:29,399 Speaker 1: it's gonna be too late. And so I want to 509 00:27:29,400 --> 00:27:31,680 Speaker 1: show you right now how we can see it's already 510 00:27:31,800 --> 00:27:34,440 Speaker 1: about to trigger. We'll talk about that, of course. You 511 00:27:34,520 --> 00:27:36,320 Speaker 1: listen to the Mark mo Show. We're talking about bitcoin, 512 00:27:36,600 --> 00:27:39,360 Speaker 1: We're talking about cryptocurrencies, We're talking about the decentralized revolution. 513 00:27:39,359 --> 00:27:44,400 Speaker 1: We're talking about why, why bitcoin, why bitcoin is about 514 00:27:44,480 --> 00:27:47,919 Speaker 1: to explode, and why you might want to consider getting 515 00:27:47,920 --> 00:27:50,800 Speaker 1: a little bit. Listen to Mark Moss. I'll be right back. 516 00:27:51,359 --> 00:27:53,200 Speaker 1: All right, welcome back. You are listening to the Mark 517 00:27:53,240 --> 00:27:56,440 Speaker 1: mass Show, and we're talking about bitcoin. We're talking about cryptocurrencies, 518 00:27:56,480 --> 00:28:00,879 Speaker 1: we're talking about the decentralized revolution. We're talking about economics. 519 00:28:01,240 --> 00:28:05,520 Speaker 1: We're talking about the economy. We're talking about warnings that 520 00:28:05,560 --> 00:28:09,640 Speaker 1: were given to us a long time ago by Ludwig 521 00:28:09,760 --> 00:28:13,760 Speaker 1: von Mesas and Frederick Hyak from the Austrian School of Economics. 522 00:28:14,280 --> 00:28:16,960 Speaker 1: The reason why we're talking about those things is because 523 00:28:17,359 --> 00:28:21,960 Speaker 1: that is why bitcoin is here today, that is why 524 00:28:22,119 --> 00:28:25,119 Speaker 1: bitcoin will be here in the future, and that is 525 00:28:25,160 --> 00:28:28,239 Speaker 1: why you probably want to go buy some, if not 526 00:28:28,359 --> 00:28:33,239 Speaker 1: a bunch of bitcoin right now. Um, everybody, you know, 527 00:28:33,320 --> 00:28:36,080 Speaker 1: I've been doing this for about seven years now and 528 00:28:36,200 --> 00:28:38,520 Speaker 1: it never fails. You know, last week when bitcoin pumped 529 00:28:38,600 --> 00:28:40,120 Speaker 1: up to it's it's high, you know, shot up to 530 00:28:40,160 --> 00:28:43,320 Speaker 1: about sixty dollars. I'm getting text messages from people I 531 00:28:43,320 --> 00:28:45,440 Speaker 1: haven't talked to in five years? Should I buy it? 532 00:28:45,440 --> 00:28:46,960 Speaker 1: Should I buy it? Is it too late? What do 533 00:28:47,000 --> 00:28:53,160 Speaker 1: you think? Right? All these things, they're failing to take 534 00:28:53,200 --> 00:28:56,760 Speaker 1: the time to understand. Why, Why would I buy it? 535 00:28:57,240 --> 00:29:00,400 Speaker 1: Why would I think it would go up in the future? Why? Uh? 536 00:29:00,440 --> 00:29:02,040 Speaker 1: And if I understand why I think it would go up, 537 00:29:02,120 --> 00:29:04,040 Speaker 1: then where will it go? How high will it go? 538 00:29:04,160 --> 00:29:07,960 Speaker 1: We have to understand why. And so that's what we're 539 00:29:08,000 --> 00:29:10,120 Speaker 1: talking about. We're talking about economics, and I know it's 540 00:29:10,120 --> 00:29:14,479 Speaker 1: not the most fun or most sexy uh subject or topic. 541 00:29:14,840 --> 00:29:17,000 Speaker 1: I'm trying to make us some entertaining for you. And 542 00:29:17,040 --> 00:29:19,760 Speaker 1: we were talking about what Loons is called the crack 543 00:29:20,000 --> 00:29:25,320 Speaker 1: up boom, and he basically told us that, UM, you know, 544 00:29:26,480 --> 00:29:28,920 Speaker 1: when you expand the money supply, when you have an 545 00:29:28,920 --> 00:29:32,160 Speaker 1: economic boom driven by an expansion of money and credit, UM, 546 00:29:32,280 --> 00:29:35,480 Speaker 1: then you get, um, the economy becomes distorted and you 547 00:29:35,520 --> 00:29:39,600 Speaker 1: have shortages, and you have you know, commodity shortages, labor shortages. UM. 548 00:29:39,600 --> 00:29:44,400 Speaker 1: It leads to consumer price inflation. Now, UM, the leaders 549 00:29:44,440 --> 00:29:46,720 Speaker 1: of this country today can't seem to figure out what's 550 00:29:46,720 --> 00:29:49,800 Speaker 1: going on with inflation. But that's it. It's us, It's 551 00:29:49,880 --> 00:29:51,720 Speaker 1: right there in front of us. Now, what's important to 552 00:29:51,760 --> 00:29:54,560 Speaker 1: understand is that Dring von Mises talks about in this 553 00:29:54,600 --> 00:29:59,600 Speaker 1: crack up boom. He says that with each substant round 554 00:29:59,680 --> 00:30:02,760 Speaker 1: of an expansion and prices increase, then people can no 555 00:30:02,800 --> 00:30:05,880 Speaker 1: longer afford these high prices, so the central banks have 556 00:30:05,960 --> 00:30:09,840 Speaker 1: to expand even more to accommodate more prices. And basically 557 00:30:09,840 --> 00:30:13,560 Speaker 1: what happens is the the central bank has to continue 558 00:30:14,560 --> 00:30:18,320 Speaker 1: to be involved. They have to continue to stimulate the economy, 559 00:30:18,360 --> 00:30:21,640 Speaker 1: which is exactly what they're doing. So Biden says, hey, 560 00:30:21,720 --> 00:30:25,280 Speaker 1: let's go and uh, we're gonna go fix the problem 561 00:30:25,320 --> 00:30:27,600 Speaker 1: with with the with the with the ships that can't 562 00:30:27,600 --> 00:30:30,560 Speaker 1: get unloaded and long beach, or let's go fix the 563 00:30:30,600 --> 00:30:34,880 Speaker 1: problem with high gas prices, or let's go fix um, 564 00:30:34,920 --> 00:30:39,360 Speaker 1: you know, the the the the climate or whatever it is. 565 00:30:39,560 --> 00:30:43,080 Speaker 1: But each time they do, it only makes the system 566 00:30:43,200 --> 00:30:46,480 Speaker 1: worse and worse and worse. Now, the point that we 567 00:30:46,560 --> 00:30:51,720 Speaker 1: get to at some point is this actual crack up boom, 568 00:30:51,760 --> 00:30:56,120 Speaker 1: And basically what happens is that once the public realizes 569 00:30:56,160 --> 00:30:58,400 Speaker 1: what's going on, which of course is why they're not 570 00:30:58,440 --> 00:31:01,720 Speaker 1: telling you. Once the public realizes what's going on, once 571 00:31:01,760 --> 00:31:05,360 Speaker 1: the public realizes that the quantity of money will just 572 00:31:05,440 --> 00:31:11,800 Speaker 1: continually expand, once the public realizes that inflation is not 573 00:31:11,920 --> 00:31:17,160 Speaker 1: a problem, it's actually the goal. Like this price inflation, 574 00:31:17,440 --> 00:31:19,800 Speaker 1: the price is getting more and more expensive every day 575 00:31:19,840 --> 00:31:23,240 Speaker 1: on you, every year on you, like um, gasoline getting 576 00:31:23,280 --> 00:31:26,040 Speaker 1: more expensive. Your house is getting more expensive, your food 577 00:31:26,040 --> 00:31:29,160 Speaker 1: getting more expensive. That's not a symptom they're trying to solve. 578 00:31:29,240 --> 00:31:32,920 Speaker 1: That's their goal. The stated goal of the central bank 579 00:31:33,440 --> 00:31:37,400 Speaker 1: is two percent inflation. That's their goal. They want prices 580 00:31:37,440 --> 00:31:40,160 Speaker 1: to be getting more expensive on you. They want your 581 00:31:40,200 --> 00:31:42,880 Speaker 1: dollars to buy less and less goods in the future. 582 00:31:43,000 --> 00:31:45,280 Speaker 1: That's their goal. This is not a conspiracy, look it up. 583 00:31:45,480 --> 00:31:48,760 Speaker 1: That's their goal. That means that you're losing ten of 584 00:31:48,800 --> 00:31:52,240 Speaker 1: your purchasing power every five years. That's what that means. 585 00:31:53,040 --> 00:31:55,840 Speaker 1: And it's what what Mesa says is that once people 586 00:31:55,920 --> 00:31:59,320 Speaker 1: realize that this money expansion is going it can never 587 00:31:59,360 --> 00:32:02,360 Speaker 1: stop and it's going to continue. Once they realize that 588 00:32:02,440 --> 00:32:08,760 Speaker 1: inflation is actually the goal, then it stops. It cracks apart, 589 00:32:08,880 --> 00:32:12,280 Speaker 1: boom just like that. Why why does it do that? 590 00:32:12,720 --> 00:32:16,040 Speaker 1: It's because something known as trust. Now, if any of 591 00:32:16,120 --> 00:32:19,480 Speaker 1: you guys have ever been in a relationship, any type 592 00:32:19,480 --> 00:32:22,360 Speaker 1: of relationship of business, relationship, of marriage, of a boyfriend, girlfriend, 593 00:32:22,360 --> 00:32:26,080 Speaker 1: any kind of relationship, you know about trust. Trust is 594 00:32:26,120 --> 00:32:28,720 Speaker 1: something that's very fragile. As a matter of fact. Growing up, 595 00:32:28,960 --> 00:32:31,400 Speaker 1: my dad continually told me over and over and over 596 00:32:31,440 --> 00:32:34,600 Speaker 1: and over and over again that it takes a lifetime 597 00:32:34,640 --> 00:32:39,920 Speaker 1: to build up trust, and it takes one instance to 598 00:32:40,040 --> 00:32:43,200 Speaker 1: ruin it. A lifetime to build up trust and one 599 00:32:43,240 --> 00:32:46,440 Speaker 1: instance to that's how quickly it falls apart. Now, a 600 00:32:46,480 --> 00:32:48,400 Speaker 1: lot of people think that the that the dollar, the 601 00:32:48,520 --> 00:32:51,600 Speaker 1: United States dollar is backed by Some people still think 602 00:32:51,600 --> 00:32:54,200 Speaker 1: it's backed by gold. Um. Some people think it's backed 603 00:32:54,200 --> 00:32:58,600 Speaker 1: by the credit of the government, um, which whatever that means, 604 00:32:58,640 --> 00:33:01,640 Speaker 1: because the credit of government is dollars. Some people think 605 00:33:01,680 --> 00:33:05,960 Speaker 1: it's backed by the military. It's backed by the guns. Right, 606 00:33:05,960 --> 00:33:09,120 Speaker 1: it's backed by the military. Um. Well, none of those 607 00:33:09,120 --> 00:33:11,480 Speaker 1: things are right. None of those things are anywhere close 608 00:33:11,520 --> 00:33:16,440 Speaker 1: to correct. Um. A military doesn't keep the dollar worth something. Um. 609 00:33:16,680 --> 00:33:19,480 Speaker 1: Countries that currencies felt all the time. I have militaries 610 00:33:19,600 --> 00:33:24,440 Speaker 1: and their currency still fells. The dollar is backed by trust, right, 611 00:33:24,720 --> 00:33:27,640 Speaker 1: you have to trust that somebody else will take it 612 00:33:27,720 --> 00:33:31,120 Speaker 1: from you in the future. Otherwise you wouldn't hold it down. 613 00:33:31,120 --> 00:33:35,400 Speaker 1: In Venezuela, where the currency blows up, um, people don't 614 00:33:35,440 --> 00:33:37,240 Speaker 1: want to hold the currency. They don't trust it. As 615 00:33:37,240 --> 00:33:38,880 Speaker 1: a matter of fact, you can find it lined up 616 00:33:38,880 --> 00:33:42,080 Speaker 1: in the streets and people are scrambling to get into 617 00:33:42,160 --> 00:33:45,120 Speaker 1: any other asset. They can not hold that that currency. 618 00:33:45,160 --> 00:33:47,120 Speaker 1: So they're trying to buy bitcoin, they're trying to buy 619 00:33:47,160 --> 00:33:51,120 Speaker 1: whatever they can buy, gold, food, whatever, anything they can buy. 620 00:33:51,120 --> 00:33:53,440 Speaker 1: And rather than holding that money, and so it's backed 621 00:33:53,440 --> 00:33:56,800 Speaker 1: by trust. And as I said, right, trust is very fragile, 622 00:33:57,600 --> 00:34:01,640 Speaker 1: and once it's broken, it does isn't come back very easily. 623 00:34:02,280 --> 00:34:04,800 Speaker 1: And so m trust is what's holding the dollar. Now. 624 00:34:05,120 --> 00:34:07,440 Speaker 1: You may not know this, but the but the banking 625 00:34:07,440 --> 00:34:09,600 Speaker 1: system in United States, the Federal Reserve and the banking 626 00:34:09,640 --> 00:34:12,920 Speaker 1: system runs on something called fractional reserve banking. And that 627 00:34:12,960 --> 00:34:14,680 Speaker 1: means that when you deposit your money in the bank, 628 00:34:14,719 --> 00:34:16,400 Speaker 1: your money doesn't sit there in the bank for you. 629 00:34:16,440 --> 00:34:18,080 Speaker 1: As a matter of fact, the bank loans it back out. 630 00:34:18,800 --> 00:34:20,880 Speaker 1: And for every um one dollar you put in, they 631 00:34:20,880 --> 00:34:23,719 Speaker 1: can loan out about nine dollars. And then they loan 632 00:34:23,760 --> 00:34:26,520 Speaker 1: out those nine dollars two guys that buy more things. 633 00:34:26,840 --> 00:34:29,200 Speaker 1: They buy a car, they bought a house, whatever, And 634 00:34:29,239 --> 00:34:30,680 Speaker 1: that money goes in the bank, and then the bank 635 00:34:30,800 --> 00:34:32,719 Speaker 1: makes more money off that, and that money goes in 636 00:34:32,760 --> 00:34:34,200 Speaker 1: the bank, and they make more money off that, and 637 00:34:34,320 --> 00:34:37,040 Speaker 1: on and on and on. So the bank doesn't have 638 00:34:37,120 --> 00:34:41,520 Speaker 1: your money. If people have stopped trusting the banks and 639 00:34:41,560 --> 00:34:45,239 Speaker 1: said I'm gonna get my money back, there's no money there. 640 00:34:46,120 --> 00:34:48,799 Speaker 1: As a matter of fact, if if if about one 641 00:34:48,920 --> 00:34:52,120 Speaker 1: percent of the people in the country gave up trust 642 00:34:52,160 --> 00:34:54,319 Speaker 1: of the bank and said I don't trust you, I 643 00:34:54,440 --> 00:34:57,960 Speaker 1: want my money, I'll take the cash, one percent of 644 00:34:58,000 --> 00:35:00,600 Speaker 1: the people going to the bank to pull older money 645 00:35:00,640 --> 00:35:05,560 Speaker 1: out would cause an entire collapse of the system. That's 646 00:35:05,560 --> 00:35:09,880 Speaker 1: how fragile trust is now. Um. A new global survey 647 00:35:10,000 --> 00:35:14,200 Speaker 1: came out just just late this week, and I said, 648 00:35:14,320 --> 00:35:21,120 Speaker 1: fort of people globally say they trust bitcoin over local currencies. 649 00:35:22,760 --> 00:35:26,200 Speaker 1: That's trust. People don't trust their currency. People don't trust 650 00:35:26,200 --> 00:35:28,560 Speaker 1: their governments, and of course there's no reason why they should. 651 00:35:28,600 --> 00:35:31,000 Speaker 1: They're lied to at every moment. And not only are 652 00:35:31,040 --> 00:35:34,120 Speaker 1: they lied to, they're constantly censored and quieted. Um, they're 653 00:35:34,120 --> 00:35:38,879 Speaker 1: constantly misled. Right, So so why could the leaders are 654 00:35:38,920 --> 00:35:41,600 Speaker 1: always wrong? They're telling us that they don't know why 655 00:35:41,880 --> 00:35:44,680 Speaker 1: inflation is here, but it's right in front of our faces. 656 00:35:44,760 --> 00:35:47,759 Speaker 1: We've known it all along, and so why should they 657 00:35:47,800 --> 00:35:50,719 Speaker 1: trust us? And the thing about trust is again back 658 00:35:50,719 --> 00:35:54,240 Speaker 1: to a relationship with a business partner or a girlfriend, boyfriend, whatever, 659 00:35:54,680 --> 00:35:57,160 Speaker 1: you know. You may suspect that business partner of doing 660 00:35:57,200 --> 00:36:01,280 Speaker 1: something wrong um and that trust is failing and it's failing, 661 00:36:01,600 --> 00:36:03,800 Speaker 1: and it's failing, and you're starting to gather more info 662 00:36:04,160 --> 00:36:06,160 Speaker 1: and more info is failing, is failing, is failing, and 663 00:36:06,239 --> 00:36:09,239 Speaker 1: finally it's broken. So if you find that piece of 664 00:36:09,400 --> 00:36:11,359 Speaker 1: finally something happens and that trust is gone, it's never 665 00:36:11,360 --> 00:36:13,760 Speaker 1: coming back. And that's where we're that's where we're headed. 666 00:36:14,120 --> 00:36:16,120 Speaker 1: That's the that's the moment, that's the crack up boom. 667 00:36:16,120 --> 00:36:19,359 Speaker 1: We're already attent of people say they trust bitcoin more 668 00:36:19,440 --> 00:36:24,680 Speaker 1: than their local currency, and those people they're continuing to 669 00:36:24,680 --> 00:36:27,680 Speaker 1: build more information, more information and more information. That's why 670 00:36:28,000 --> 00:36:30,080 Speaker 1: you see these athletes saying they want to get paid 671 00:36:30,080 --> 00:36:34,719 Speaker 1: in bitcoin. That's why you see um um publicly traded 672 00:36:34,719 --> 00:36:36,239 Speaker 1: companies saying they want to hold bitcoin. That's why you're 673 00:36:36,239 --> 00:36:39,080 Speaker 1: seeing governments now like Salvado were saying they don't want 674 00:36:39,080 --> 00:36:41,960 Speaker 1: to hold dollars, they want to hold um, they want 675 00:36:41,960 --> 00:36:44,640 Speaker 1: to hold bitcoin. And that's why the dollar is continuing 676 00:36:44,680 --> 00:36:48,759 Speaker 1: to lose value. People don't trust it, they don't want 677 00:36:48,800 --> 00:36:52,560 Speaker 1: to hold it. And you know, trust is fragile, it's 678 00:36:52,600 --> 00:36:55,320 Speaker 1: about to be broken. And when it's broken, at that moment, 679 00:36:55,840 --> 00:36:58,240 Speaker 1: no one's gonna hold it and everyone's gonna go buy bitcoin. 680 00:36:58,440 --> 00:37:00,799 Speaker 1: The only question is are you going to be in 681 00:37:00,920 --> 00:37:04,239 Speaker 1: position before that happens or will you be one of 682 00:37:04,280 --> 00:37:06,520 Speaker 1: those people trying to get in after the music stops. 683 00:37:06,560 --> 00:37:09,480 Speaker 1: We like to say that everybody will buy at the 684 00:37:09,560 --> 00:37:12,319 Speaker 1: price they deserve, but you have a chance to get 685 00:37:12,320 --> 00:37:14,560 Speaker 1: in earlier. You're listening to the Markma Show. We're talking 686 00:37:14,560 --> 00:37:17,120 Speaker 1: about bitcoin, we're talking about cryptocurrencies, we're talking about the 687 00:37:17,120 --> 00:37:19,760 Speaker 1: decentralized revolution. I'm trying to give you the head start. 688 00:37:20,160 --> 00:37:24,040 Speaker 1: Grab your chair before the music stops, because the crack 689 00:37:24,120 --> 00:37:25,280 Speaker 1: up boom is coming.