Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,
Speaker 1: where I am talking about bitcoin and cryptocurrencies and the
Speaker 1: decentralized revolution that is happening right now. It should be,
Speaker 1: I think it will be. My goal is to make
Speaker 1: it be the most important part of your entire week.
Speaker 1: And the reason why I say that is because what
Speaker 1: we're witnessing right now is something that is literally going
Speaker 1: to change the world. I mean, it has the most
Speaker 1: It's gonna have the most profound impact across every area
Speaker 1: of your life and society, more than we even know today.
Speaker 1: And I don't say that lightly. I'm not trying to
Speaker 1: over hype it up. I really believe that UM and
Speaker 1: not just is it going to make such a big impact,
Speaker 1: but if you can embrace this technology UM and the
Speaker 1: power of its ability to protect or I should even
Speaker 1: say grow or increase your purchasing power over time, that
Speaker 1: basically means you're gonna increase your US dollars to act UM.
Speaker 1: The the the ability the power of that to happen
Speaker 1: could literally change your life. I know it's changed my life.
Speaker 1: I've been buying bitcoin since when it was about three
Speaker 1: or four hundred dollars, and today it's uh, you know,
Speaker 1: in the rags. So you're canna imagine how much has
Speaker 1: changed my life. But don't worry, it's not too late. Now.
Speaker 1: This is UM what I'm calling the biggest asymmetric play,
Speaker 1: the biggest asymmetric bet of your life. In order to
Speaker 1: take advantage of that, you have to have the asymmetric opportunity,
Speaker 1: which is what I'm bringing you each and every week.
Speaker 1: So while while I'm finishing that thought, pull your phone out, UH,
Speaker 1: put a put a reminder, put a calendar reminder for
Speaker 1: this channel, for this time, for this station to be
Speaker 1: back with me each and every week. It's going to
Speaker 1: be the most profitable, the most important, UM have the
Speaker 1: most impact, UH, this this spot, this time, each and
Speaker 1: every week. So with that, let's go ahead and jump
Speaker 1: into some content. UM what is going on this week
Speaker 1: that you need to be paying attention to UM as
Speaker 1: hopefully you're tun tune in with me each and every week.
Speaker 1: You know that I say each and every week that
Speaker 1: the prices really the least important part of bitcoin, especially
Speaker 1: right now. The prices what I call a short term distraction. However,
Speaker 1: I also call it a bait and switch. People come
Speaker 1: in for the price and then they realize the power
Speaker 1: that it has to change the world for the better.
Speaker 1: We say, fix the money, fix the world, and that's
Speaker 1: exactly what's happening. However, it's that bait and switch. People
Speaker 1: need to come in thinking they're gonna make money. And
Speaker 1: so we'll talk about that for a minute. Um. And so,
Speaker 1: if you're paying attention to bitcoin and the entire cryptocurrency space,
Speaker 1: then you probably know that it's recently been taking a
Speaker 1: tumble back in and just just two weeks ago on
Speaker 1: November ten, we hit a new all time high. We're
Speaker 1: at about sixty eight about sixty nine thousand U s.
Speaker 1: Dollars for one single bitcoin. Now, this is probably a
Speaker 1: good time for me to tell you, well, actually i'll
Speaker 1: sell you in a second. Um. So I hit about
Speaker 1: sixty nine dollars and um since that time in the
Speaker 1: last I guess thirteen days, As I said, it's fallen
Speaker 1: about sixteen percent. Now in the world of the stock market,
Speaker 1: when you're looking at the NASDAC or Tesla stock or
Speaker 1: anything like that, or you're looking at traditional assets bonds,
Speaker 1: et cetera, if they were to fall sixteen percent, that's
Speaker 1: a pretty big deal. If the stock market crash. Sixteen
Speaker 1: percent would be really bad. Um, but in the world
Speaker 1: of cryptocurrency, it's kind of normal. So it's not that
Speaker 1: big of a deal. Now, I understand if you haven't
Speaker 1: been around that long, you might be worried about it.
Speaker 1: Let me give you an example. So just if we
Speaker 1: go back to last month, about thirty days ago October one,
Speaker 1: you have October twenty one, we were at a high
Speaker 1: of sixty seven thousand, and then we dropped um twelve
Speaker 1: and a half percent over the next couple of days.
Speaker 1: So that was just a month ago. So we had
Speaker 1: a twelve and a half percent drop. Now we have
Speaker 1: a sixteen percent drop. I mean, it just it kind
Speaker 1: of happens. It goes up and down, up and down.
Speaker 1: If we go back a little bit further in time,
Speaker 1: we can go back to September seven, We had hit
Speaker 1: a local high of fifty three thousand, and then we
Speaker 1: dropped all the way down, all the way down to
Speaker 1: thirty nine thousand, before jumping all the way back up
Speaker 1: this almost seventy thousand. So, UM, don't get caught up
Speaker 1: in these little short term movements. Don't get panicked. Um.
Speaker 1: That's why I say it's kind of a distraction. Um,
Speaker 1: it just kind of moves up and down. That's what
Speaker 1: it does. If you zoom out, it looks a lot
Speaker 1: different than That's what I advise everyone to do. Now,
Speaker 1: I didn't say I was going to tell you something else.
Speaker 1: I'll tell you right now. I'm not gonna make you
Speaker 1: wait too long for it. And basically what a lot
Speaker 1: of people maybe don't know, maybe you don't know, is
Speaker 1: that you don't have to buy a whole bitcoin. You
Speaker 1: don't have to have fifty five sixty five thousand dollars
Speaker 1: to buy a whole bitcoin. You can buy a dollar's
Speaker 1: worth of bitcoin. It's kind of like a you know,
Speaker 1: you've probably seen in the movies, like those big gold bars.
Speaker 1: Those are like four hundred ounce gold bars, you know
Speaker 1: at ah you know, gold price approximately eight dollars right
Speaker 1: now for a single ounce one of those bars is
Speaker 1: about about three quarters of a million dollars. You don't
Speaker 1: have to buy a hold gold bar. You can buy
Speaker 1: an ounce of gold. You can buy you can buy
Speaker 1: a gram of gold. And so bitcoin is kind of
Speaker 1: the same way. Um, it's a big problem that a
Speaker 1: lot of new people have coming into the cryptocurrency space,
Speaker 1: and we call it unit bias, and so what happens
Speaker 1: is people go, oh, dang, bitcoins fifty thousand and sixty dollars,
Speaker 1: that's too expensive. I can't afford that. So what's this
Speaker 1: dog coin over here. I don't know what it is,
Speaker 1: but it's cheap, and since it's cheap, I should buy
Speaker 1: it because it's cheap, and one day it might be
Speaker 1: worth as much as bitcoin. And we call that unit
Speaker 1: bias um. And so people think just because something is cheaper,
Speaker 1: it's better, which is interesting because we don't typically go
Speaker 1: through the rest of the stuff in our life thinking that,
Speaker 1: but some people have that bias. And so I want
Speaker 1: to kind of explain one concept to you and then
Speaker 1: we'll get into some more stuff. But basically, as you're
Speaker 1: probably all aware, a dollar, one US dollar is divisible
Speaker 1: into one hundred cents, right a hundred cents. A bitcoin
Speaker 1: is divisible into a hundred million SATs. SATs sense kind
Speaker 1: of the same thing, just different divisibility um. And so
Speaker 1: just like you don't have to have a whole dollar,
Speaker 1: you can have one cent one penny, you don't have
Speaker 1: to have a whole bitcoin. You can have one sat
Speaker 1: or ten SATs or a thousand stats or a million
Speaker 1: STATS or whatever it may be. Um, I think roughly today,
Speaker 1: I think it's about fifteen hundred. I'm gonna look it
Speaker 1: up here while I'm talking to you. It's about fifteen
Speaker 1: hundred STATS. Roughly thirteen hundred STATS equals one U S dollars,
Speaker 1: So just kind of give you, um that that comparison.
Speaker 1: So you don't have to buy a whole bitcoin. You
Speaker 1: can buy a percentage. And when it comes to investing,
Speaker 1: it's always about the percentage of gain. So a lot
Speaker 1: of times people come into my investing groups and they're like, um, hey,
Speaker 1: I have this amount of dollars, what should I do?
Speaker 1: And it's like, it's not about the amount of dollars
Speaker 1: that you have, it's about the percentage. So I think
Speaker 1: about dividing my dollars into percentages, and I think about
Speaker 1: the percentage gains I can make on those. And so
Speaker 1: going back to bitcoin, whether you buy five dollars worth
Speaker 1: of bitcoin or five dollars worth of doge or five
Speaker 1: dollars worth of ethereum, it's it's still five dollars US
Speaker 1: dollars worth. That's your entry price. But then what's the
Speaker 1: percentage that it will go up by? Right, So that's
Speaker 1: one way you think about it. Don't be confused by
Speaker 1: unit bias. That's one of the big problems that people
Speaker 1: have is that UM when they come in, maybe they'll
Speaker 1: start with an exchange like coin base, for example, or
Speaker 1: Gemini or cracking, and they'll open up one of those
Speaker 1: exchanges and they'll look at all the different cryptocurrencies that
Speaker 1: they have on there, and of course they don't know
Speaker 1: you really, they don't know what they all are. And
Speaker 1: a lot of times what they'll do is, we'll just
Speaker 1: go buy the cheapest one because of that unit bias.
Speaker 1: And so I just want to want to caution you
Speaker 1: for that. Just because you see bitcoin is fifty or
Speaker 1: sixty dollars, you don't have to have that much. Just
Speaker 1: because you see a theoryum is it, you know, four
Speaker 1: thousand or you don't have to have that much UM.
Speaker 1: So you don't have to go buy the new meme
Speaker 1: coin because it's a penny or a fraction of a penny. UM.
Speaker 1: Don't fall into that trap. All right. Now, I do
Speaker 1: want to talk about some really big news that that
Speaker 1: is happening right now, and a lot of people say
Speaker 1: this is why bitcoin has tumbled six because of this news.
Speaker 1: Like I said, we're down about from the high now.
Speaker 1: This news has been kind of recirculating and popping back
Speaker 1: up here and there. Everybody has been waiting for it
Speaker 1: to break, and it looks like it finally has. So
Speaker 1: I'm gonna explain that to you. We'll take a look
Speaker 1: at if this is the cause um to have bitcoin drop,
Speaker 1: and if so, what should be thinking about watching and
Speaker 1: so forth. So I'm gonna talk about that. By the way,
Speaker 1: you're listening to the Mark mass Show, and of course,
Speaker 1: as I've told you, we're talking about bitcoin and cryptocurrencies
Speaker 1: and the de centralized revolution. I'm gonna break it down
Speaker 1: for you each and every week so you can have
Speaker 1: the best risk adjusted return of your entire life. You're
Speaker 1: listening to the Mark mos Show. I'm gonna be right
Speaker 1: back and explained to you what or what potentially has
Speaker 1: caused this bitcoin drop. So don't go away, all right,
Speaker 1: Welcome back, You are back with me Mark Moss. Listened
Speaker 1: to the Mark mo Show and we're talking about bitcoin.
Speaker 1: Of course, bitcoin, cryptocurrencies in the decentralized Revolution. I don't
Speaker 1: mean to laugh, it's a pretty serious thing. I'm just
Speaker 1: trying to have fun with you guys. UM, and if
Speaker 1: you tune in each week, of course you already know
Speaker 1: what I'm talking about, but it should be the most important,
Speaker 1: the most um, most important part of your week. As
Speaker 1: I break all of this down for you now, before
Speaker 1: the break, we were talking about, um, you know the
Speaker 1: recent drop in Big Points price were down about six Um.
Speaker 1: It's a distraction. And I kind of broke down to
Speaker 1: you just over the last month or two, how we've
Speaker 1: seen drops this big or bigger um, and so it
Speaker 1: just kind of happens. But some people are speculating that
Speaker 1: this new piece of news broke that has been causing
Speaker 1: this to happen. And so, um, let me tell you
Speaker 1: what this is. So um this week we saw it
Speaker 1: says the headlines says Bitcoin heads for worst weekend months
Speaker 1: as the mount Cox payout looms. What does that mean
Speaker 1: the mount Cox payout looms. Well, basically, back way way
Speaker 1: wait wait wait wait, back in the early days of bitcoin,
Speaker 1: which all the way about ten years ago. UM, there
Speaker 1: wasn't a lot of services and options, and so we
Speaker 1: didn't have coin based and cracking and Jim and I
Speaker 1: and all these options back then, and there was really
Speaker 1: one exchange that most people were using to you know,
Speaker 1: buy and sell their bitcoin, and it was called Mount
Speaker 1: Cox and Mount Cox at the time, I mean, nobody
Speaker 1: knew anything about this. It was it was such new technology.
Speaker 1: Um there it was. It was brand new technology. So
Speaker 1: there was nobody that had come from you know, working
Speaker 1: on this previously, and so you basically had people trying
Speaker 1: to kind of figure this out in real time. And
Speaker 1: the founder of this mountain gockic Mount Cox Exchange. I
Speaker 1: forget the exact story. I don't have a pulled up um,
Speaker 1: but I think he had come from like the music
Speaker 1: business or whatever. He ran some sort of like a
Speaker 1: website that like let people trade music. If I'm if
Speaker 1: I'm mistaken, forgive me. But he didn't really have a
Speaker 1: background in finance or stocks or anything like that. And
Speaker 1: so he kind of put this exchange together. And let's
Speaker 1: just say that he didn't have the best security, We'll
Speaker 1: just say that. And so all these people had their
Speaker 1: bitcoin on there. Now, at the time, bitcoin was very,
Speaker 1: very very cheap. It wasn't worth a lot of money.
Speaker 1: So at the time they had lots and lots and
Speaker 1: lots of bitcoin on there, and well with big exchange
Speaker 1: with a lot of bitcoin and very bad security. What
Speaker 1: do you think happened? Um, Basically the exchange was hacked. Um,
Speaker 1: the thing got shut down, Um, the founder disappeared. All
Speaker 1: these things happened where it left investors losing a lot
Speaker 1: of money. Now at the time, they were losing a
Speaker 1: lot of money, but in today's dollars of bitcoin, it
Speaker 1: is a lot. And so they've been going to court.
Speaker 1: It's been going on for years and years and years
Speaker 1: and years, and all these people that had money on
Speaker 1: that exchange, of course they want their bitcoin back because
Speaker 1: it's become so valuable now today and it's been going
Speaker 1: through court for a long time. And basically news broke
Speaker 1: this week that potentially these creditors are going to finally
Speaker 1: release the money um to pay off the people that
Speaker 1: had money on those exchanges. And basically what they're afraid
Speaker 1: of is that once all of this bitcoin gets released, UM,
Speaker 1: it's just gonna be dumped into the market. It's all
Speaker 1: going to be sold into the market. Now, you know,
Speaker 1: your favorite economist is going to try to make things
Speaker 1: super complicated about the way the economy works and the
Speaker 1: way the stock markets work and all these things. But
Speaker 1: let me just make it simple. For you. Have you
Speaker 1: ever heard of supply and demand. That's basically how things work,
Speaker 1: supply and demand. So when you have more demand for something,
Speaker 1: then there is supply, the price goes up obviously, And
Speaker 1: if you have more supply then there is demand, the
Speaker 1: price goes down. And so bitcoin has a consistent supply schedule,
Speaker 1: meaning um, every single day there's um new bitcoin being
Speaker 1: released into the environment, into the market, and you have
Speaker 1: about a steady appetite for that bitcoin. If all of
Speaker 1: a sudden somebody comes around and dumps a huge amount
Speaker 1: of bitcoin into the market, adds to the supply, but
Speaker 1: the um demand doesn't increase equally, then it will put
Speaker 1: downward pressure on the price. Then the price will drop down, right,
Speaker 1: And so that's what people are afraid of. People are
Speaker 1: afraid that these investors have been waiting for their money
Speaker 1: for so long, since since two tho fourteen, Um, they've
Speaker 1: been waiting for their money, and that you know, by
Speaker 1: the time they finally get it, they're just they just
Speaker 1: want their money. They want to be done with this
Speaker 1: thing and kind of and and just be over. And
Speaker 1: so that's what they're afraid of. If that happens, you know,
Speaker 1: I don't know if that's the case. Um, but kind
Speaker 1: of put this into perspective, man, I think back in
Speaker 1: I don't know exactly I don't have it pulled up
Speaker 1: exactly the month that's happened. But you know bitcoin was
Speaker 1: it about two hundred bucks, you know, and it's up
Speaker 1: at right now. So these people are potentially going to
Speaker 1: get a lot of money, and so it might make
Speaker 1: sense they might want to capture some of that profit
Speaker 1: and dump it into the market. And so that's exactly
Speaker 1: what people are afraid of. Now. Will that happen, Will
Speaker 1: that cause this, you know, to cause the market to
Speaker 1: go down? Will there be this increased selling pressure? Of course,
Speaker 1: we don't know. We don't have a crystal ball. I
Speaker 1: think what happens is people are always trying to figure
Speaker 1: out a re is and why the price is going
Speaker 1: up and down. But the reality is sometimes it just
Speaker 1: goes up and down. Nothing goes up or down in
Speaker 1: a straight line. Um, it just moves right and so um,
Speaker 1: there's traders that are coming in, they're trying to take
Speaker 1: profits at certain levels, and so the price just moves
Speaker 1: up and down. We don't have to have answer every
Speaker 1: single time the stock market drops. The gold market drops
Speaker 1: or bitcoin market drops, and so I think a lot
Speaker 1: of times people are are are reaching right there trying
Speaker 1: to come up with news. These these news sites have
Speaker 1: to come up with an article. Um, but it could
Speaker 1: it could happen, and something to be aware of. But again,
Speaker 1: that's why I keep going back to saying that the
Speaker 1: price is a short term distraction, because even if these
Speaker 1: people did receive, you know, this huge chunk of bitcoin
Speaker 1: which could potentially happen in the first quarter of next year. Um,
Speaker 1: even if that did happen, and even if they did
Speaker 1: want to sell a lot, that might put some short
Speaker 1: term downward pressure into the market, and we might see
Speaker 1: the price dip, but then as absorbed by the market,
Speaker 1: and then the market just goes back up again. It's
Speaker 1: not going to change the long term trajectory. As a
Speaker 1: matter of fact, it might be good to just get
Speaker 1: this out of the way, because I was kind of
Speaker 1: saying before this, the same article keeps resurfacing every so often,
Speaker 1: Oh it looks like they're going to release the mount
Speaker 1: Cox tokens. Everybody watch out, um, And so it seems
Speaker 1: like it just kind of keeps recycling over and over
Speaker 1: and over. So I think it'd be good just to
Speaker 1: get it out of the way. Um, get it over
Speaker 1: with now. This has nothing to do with the long
Speaker 1: term outlook of bitcoin, which we're gonna get into. I
Speaker 1: want to talk about some of the bigger news what's happening, um,
Speaker 1: and so this has nothing to do with any of that.
Speaker 1: It's just short term price. The other thing is that
Speaker 1: you know, when you look at some of these price charts,
Speaker 1: if you look at the technical analysis the candles, you
Speaker 1: see this volatility, and you're like, dang, why didn't Why
Speaker 1: didn't I just sell there? And then I should have
Speaker 1: bought back in here? Um, why didn't I do that? Well,
Speaker 1: what they say is hindsight is right. It's easy when
Speaker 1: you're looking backwards. But the reality is, um, you can't
Speaker 1: trade news like this. There's no way to know the
Speaker 1: top or the bottom until you're looking backwards. So UM,
Speaker 1: you know, it just is what it is. In my opinion,
Speaker 1: I think you just zoom out your dollar cost average
Speaker 1: and that means you buy a little bit um over time,
Speaker 1: and the market demand will continue growing higher and higher
Speaker 1: and higher. The technology will continue taking off more and
Speaker 1: more and more, and the price will just take care
Speaker 1: of itself. All right, Now, going back to what I said,
Speaker 1: this doesn't change the long term demand. There was something
Speaker 1: else that happened this week that, um, I think just
Speaker 1: shows how big of a demand this is going to have.
Speaker 1: As a matter of fact, there are some very important
Speaker 1: and powerful people who think it could have some of
Speaker 1: the most powerful consequences of the whole world. I want
Speaker 1: to explain what that is when I get back in
Speaker 1: just a second. By the way, you're listening to the
Speaker 1: Mark Moa Show, and of course if you're just tuning
Speaker 1: it in, you probably don't know what we're talking about
Speaker 1: big and we're talking about cryptocurrencies. We're talking about this
Speaker 1: decentralized revolution that's happening. History is being made while we
Speaker 1: are watching. It's pretty pretty incredible when you step back.
Speaker 1: So Mark Moss will be back with more bitcoin content
Speaker 1: in just a minute. Don't go away, all right, welcome back.
Speaker 1: You are back with me again, Mark Moss. As we
Speaker 1: talk about bitcoin each end every week, we're gonna be
Speaker 1: talking about the cryptocurrency markets. We're gonna be talking about
Speaker 1: the decentralized revolution that is taking place. We're literally witnessing
Speaker 1: it as we go through and I know, um, you know,
Speaker 1: a lot of people are busy, a lot of people
Speaker 1: aren zoom out, the're not paying attention, and a lot
Speaker 1: of this stuff that's happening today, maybe you don't notice it,
Speaker 1: or maybe just it's just gonna blow over. But I'm
Speaker 1: telling you this is going to have profound implications for
Speaker 1: the future. Now, in my opinion, great implications for the future.
Speaker 1: Some people think it could have bad implications for the future,
Speaker 1: and I guess it depends on which side of the
Speaker 1: power structure you're on. So before the break, I was
Speaker 1: talking about how somebody who's pretty powerful is worried that
Speaker 1: it could actually be bad. Um, But if they think
Speaker 1: it's bad, then I think it's good. So Um, the
Speaker 1: news story is that Hillary Clinton, good old Hillary, says
Speaker 1: that cryptocurrency has the potential to destabilize nations and traditional currencies.
Speaker 1: Cryptocurrency has the potential to destabilize nations and traditional currencies.
Speaker 1: So think about that. So before the break, I was
Speaker 1: talking about Mount Cox and how um people think that
Speaker 1: maybe the reason why the market, the price, the US
Speaker 1: dollar value of bitcoin took a dip is because this
Speaker 1: Mountain Cox is finally going to release all these bitcoin
Speaker 1: that could dump on the market. Um, that's very very
Speaker 1: short term. That's like trying to ride a bicycle and
Speaker 1: just looking at your front tire. You can't do that.
Speaker 1: You gotta look out ahead. UM. So anyone who's looking
Speaker 1: at this Mountain Cox incident and worrying about the price
Speaker 1: is basically staring at the front tire. Look at the
Speaker 1: long game. Here you have Hillary Clinton, who is you know,
Speaker 1: pretty influential in the world, pretty connected obviously, which is
Speaker 1: why the news news news headlines feature her, and she's
Speaker 1: saying that it has the potential to destabilize nations and
Speaker 1: traditional currencies. It's going to be that big um. She
Speaker 1: warned of the rise of new crypto technologies and what
Speaker 1: that could mean. I mean, she's obviously not a fan
Speaker 1: um and she thinks it could undermine these Now she's
Speaker 1: not alone. We've also heard from Janet Yellen, who's at
Speaker 1: the U. S. Treasury saying the same thing. We have UM,
Speaker 1: people like from the ECB, the European Central Bank, from
Speaker 1: the i m F, like Christine Legarde. She says that
Speaker 1: she said that innovation is a threat to our financial stability,
Speaker 1: basically the same thing as Hillary saying. But what they're
Speaker 1: really saying is that it's a threat to their monopoly
Speaker 1: on the financial system. Um. You might have heard of
Speaker 1: the Rothchild family before. UM, if you've been involved in finance,
Speaker 1: UM for any period of time, especially if you're into
Speaker 1: more of the we'll say, uh controversial type topics. I
Speaker 1: don't want to say conspiratorial, but you might have heard
Speaker 1: of the Rothchild family. I think it was Mayor Rothchild
Speaker 1: and like the mid eighteen hundreds famously said I care
Speaker 1: not who makes a nation's laws, or say, I think
Speaker 1: he said, give me control over a nation's money, and
Speaker 1: I care not who makes the laws. So they don't
Speaker 1: care about the laws, they care about who controls the money.
Speaker 1: And so when you hear Christine Legarde from the International
Speaker 1: Monetary Fund and the e c B, or Janet Yellen
Speaker 1: or now Hillary Clinton saying that cryptocurrency is a threat
Speaker 1: to the financial system, what they're really saying is that
Speaker 1: it's a threat to their monopoly on that. Back to
Speaker 1: Mayor Rothchild, he only wants to control the money. They're
Speaker 1: losing control roll of the money. And if you think
Speaker 1: about this, bitcoin is a open borderless, um permissionless, decentralized protocol.
Speaker 1: That's all It is all. It is a piece of
Speaker 1: computer code at the end of the day. It's not
Speaker 1: any new technology like an iPhone. It's a protocol kind
Speaker 1: of like the Internet protocol, which is a t c
Speaker 1: P I P. If any of you have ever set
Speaker 1: up like your home router or something like that, you
Speaker 1: know what an i P addresses. So t c P
Speaker 1: I P is a protocol that's used for people to
Speaker 1: be able to send packets of information across the Internet. Well,
Speaker 1: bitcoin is also a piece of code. It's a protocol
Speaker 1: that allows you to send value over the Internet. That's it,
Speaker 1: and so and and and not only that. Just like
Speaker 1: t c P I P the Internet protocol, the t
Speaker 1: c P I P Internet protocol is decentralized. Nobody owns it,
Speaker 1: nobody controls it. It's just it's a piece of code.
Speaker 1: That's it. It's just a piece of code that's open.
Speaker 1: Anyone can see what the code says is, anyone can
Speaker 1: build onto the code. Um, nobody's protecting the code. It's
Speaker 1: just a piece of open source code. And that's what
Speaker 1: bitcoin is as well, open source code. And Hillary Clinton
Speaker 1: is saying that it has the power to undermine the
Speaker 1: entire financial system. So think about this. So the financial system.
Speaker 1: Think about the United States dollar, which is the reserve
Speaker 1: currency of the entire world. Um. It's a lot of
Speaker 1: people say still think it's backed by gold. Um. Some
Speaker 1: people think it's backed by nothing, which it is. Some
Speaker 1: people think it's backed by the military, the guns, the weapons, etcetera. UM.
Speaker 1: So we have the United States dollar, which is the
Speaker 1: reserve currency of the world, the swift banking system, which
Speaker 1: is how the United States controls the world's reserve system,
Speaker 1: the reserve world's monetary system. So when you hear about
Speaker 1: the U. S slapping sanctions on Russia or sanctions on Iran,
Speaker 1: they do that through the swift system. If you've ever
Speaker 1: sent a wire transfer, then you know what the swift
Speaker 1: system is. UM. And then we have the military, and
Speaker 1: we have all the we have the Federal Reserve, and
Speaker 1: we have all the banks JP. Morgan, and then we
Speaker 1: have the head of the Federal Reserve, and we have
Speaker 1: this the Treasury with Janet Yellen, and we have all
Speaker 1: these people, We have all this military, We have all
Speaker 1: these things to support the financial system. I don't know,
Speaker 1: millions of people, millions of people, hundreds of trillions of
Speaker 1: dollars of manpower and technology to support the US financial system,
Speaker 1: and an open source piece of code it's gonna destabilize it.
Speaker 1: Think about that. Think about how powerful that is. One
Speaker 1: small piece of open source code that can literally fit
Speaker 1: onto a thumb drive that's not controlled by anyone. It's
Speaker 1: just a piece of code. A protocol could undermine the
Speaker 1: entire financial system, could replace it, could replace it. But
Speaker 1: that's what that's what they're saying when they're saying they
Speaker 1: could undermine it. They're saying it could replace it. What
Speaker 1: what does that mean? To undermine it? They're saying that
Speaker 1: people might opt to use that system instead of there's
Speaker 1: right that's undermining it. Like um, if you're a parent
Speaker 1: that you have a kid, and your kid ask you know,
Speaker 1: you one question and they go ask your husband or
Speaker 1: wife the other question. You know that they didn't get
Speaker 1: the answer they wanted and they go ask the other person,
Speaker 1: and they're undermining you, right, they're getting the answer from
Speaker 1: somebody else. So if you don't like the dollar system
Speaker 1: that trillions of dollars is being used to prop up UM,
Speaker 1: if you don't like that, well you could use this
Speaker 1: piece of open source code that nobody controls and nobody has,
Speaker 1: you know, power over UM, and people are opting to
Speaker 1: do that. It's taking power away. It's just uh, it's
Speaker 1: it's a pretty amazing thought for me. Anyway, Hopefully you
Speaker 1: guys see the same thing. To look at that, an
Speaker 1: open source piece of code undermining the entire financial system.
Speaker 1: And and in my opinion, that's not a bad thing.
Speaker 1: In my opinion, that's a good thing. In my opinion,
Speaker 1: we need to remove money and state. We need a
Speaker 1: separation of money and state. Like we had a separation
Speaker 1: of church and state. We need a separation of money
Speaker 1: and state. The government has not always issued money. They
Speaker 1: didn't create money, they didn't invent it. They should have
Speaker 1: no power to um create it and to control it.
Speaker 1: So we could opt to use a different system like
Speaker 1: this open source piece of code UM because I like
Speaker 1: that better, because I'm not being manipulated. It can't be
Speaker 1: stolen from me, it can't be seized, they can't artificially inflated,
Speaker 1: and they can't steal from me. That way, I tend
Speaker 1: to like that better. And if that undermines their system,
Speaker 1: that's a good thing. Right. That's how technology works to
Speaker 1: actually something called creative destruction, and what creative destruction means
Speaker 1: is that when something new is created, when there's a
Speaker 1: new way of doing something, it destroys the old way.
Speaker 1: So digital cameras destroyed film grammars for the most part, right, Um,
Speaker 1: not because they're mean or because they're bad, they're just better.
Speaker 1: It's just better technology, and so why wouldn't I use it?
Speaker 1: And so that kill is the old way. That's how
Speaker 1: it's always supposed to work. Um. You know, a forest
Speaker 1: fire burns away the underbrush so we can have new growth.
Speaker 1: And technology is the same thing, right, So it's it's
Speaker 1: a better way of doing things and it replaces the
Speaker 1: old and these people want to slow that down. Christine
Speaker 1: Leguard said that innovation is a problem. It's a problem,
Speaker 1: and so I think it's a problem that they want
Speaker 1: to stop innovation. But what do you think? I'd love
Speaker 1: to hear from you. You can find me on Twitter
Speaker 1: at one Mark Moss, that's the number one at one
Speaker 1: Mark Moss, or on Instagram. I'd love for you to
Speaker 1: let me know what you think about that on my
Speaker 1: social media. Send me, send me a message at me
Speaker 1: and I will make sure to answer that question. I'd
Speaker 1: love to hear that you're listening. You listen to the
Speaker 1: Mark mo Show. We're talking about bitcoin, cryptocurrencies and the
Speaker 1: decentralized revolution, and I will be right back. Welcome back.
Speaker 1: You're back listening to the Mark Moa Show, and we're
Speaker 1: talking about bitcoin and we're talking about cryptocurrencies, and we're
Speaker 1: talking about the decentralized revolution that is sweeping the world
Speaker 1: and how it's the biggest opportunity of your life, the
Speaker 1: biggest opportunity you'll ever see in your life multiple lifetimes,
Speaker 1: for that matter. And if you listen to me each
Speaker 1: and every week, you're going to have the information you
Speaker 1: need in order to play this the right way. All
Speaker 1: right now, we were talking about before the break, how
Speaker 1: Hillary Clinton came out and said that bitcoin or cryptocurrencies
Speaker 1: could undermine the entire financial system. Um. And I said,
Speaker 1: how Christine Lagarde, she used to be with the i
Speaker 1: m F International Moentary Fund. It's like the central bank
Speaker 1: above central banks. She's now with the ECB, the European
Speaker 1: Central Bank. She said that innovation is a threat to
Speaker 1: their financial Um is their financial monopoly is really what
Speaker 1: she's saying. UM. And so we're talking about that, and
Speaker 1: I was just saying, how um, how funny that is,
Speaker 1: how ironic that a small, open source piece of code
Speaker 1: that nobody owns, her controls, just a piece of code
Speaker 1: could undermine the entire financial system. And and and the
Speaker 1: reason why it undermines it is because it's better, so
Speaker 1: people opt to use it instead of of of the
Speaker 1: of the current financial system that we have. And so um,
Speaker 1: it's interesting to see this happening in real time. And
Speaker 1: this week also we saw that India announced it says
Speaker 1: uh India could bar transactions in cryptocurrencies, but they could
Speaker 1: permit holding them as assets. Mm hmm, that's kind of interesting.
Speaker 1: I haven't really heard that one before. Of course, if
Speaker 1: you've been following the space for any period of time,
Speaker 1: you know that countries pretty routinely decided to ban cryptocurrencies
Speaker 1: and then allow cryptocurrencies and then banned them, and they
Speaker 1: kind of waffle back and forth. Um, and India is
Speaker 1: definitely one of those countries. Now, India is definitely not
Speaker 1: the poster child for financial freedom. Let's just say that.
Speaker 1: I think it was two thousand sixteen, so about five
Speaker 1: years ago they just kind of overnight decided that of shoot,
Speaker 1: is it. The thousand and five rooting notes were illegal.
Speaker 1: I think those were like, sorry, off top of my hand,
Speaker 1: I think you're like fifty bucks or something like that
Speaker 1: the time and this overnight. Sorry, Um, those bills are
Speaker 1: no longer legal anymore. You can't use them anymore, and
Speaker 1: we're going to give you. I think it was like
Speaker 1: thirty days to turn them in or they're no good. Well,
Speaker 1: in India, it's a very rural country, and so people
Speaker 1: store their wealth and gold, jewelry things like that, but
Speaker 1: they also they also have a lot of cash, and
Speaker 1: they put a lot of cash in their mattresses or
Speaker 1: bury it or whatever they're doing. And so they said, hey,
Speaker 1: we're gonna make all these notes illegal and you have
Speaker 1: like thirty days to turn them in, so you better
Speaker 1: go to the bank and turn them in. Oh and
Speaker 1: by the way, if you can't produce all the paperwork
Speaker 1: of how you got those dollars, then um, there's like
Speaker 1: this massive fine. I forget like a fifty fine or
Speaker 1: some tax or something like that, or they're gonna seize
Speaker 1: it from you. So that was pretty interesting. So that's
Speaker 1: that's the case with India. So now this week they're
Speaker 1: saying that they want to blow are the use of
Speaker 1: cryptocurrency for transactions or for making payments, but they will
Speaker 1: allow you to hold them as assets like gold, or
Speaker 1: like stocks, or like bonds or something like that, which
Speaker 1: is pretty interesting. So a couple of things that I
Speaker 1: think that are interesting is one they obviously see the
Speaker 1: um let's just say, the long term potential for increasing
Speaker 1: your purchasing power, for going up in value. Right, So
Speaker 1: they see it. They see it as a good potential
Speaker 1: for making money. UM. So they don't want to bar
Speaker 1: their citizens from participating in that. So that's at least
Speaker 1: a good thing. You know. The one thing, UM, A
Speaker 1: nation could make buying cryptocurrencies illegal. They could do that.
Speaker 1: They could say, if we catch you with cryptocurrencies, will
Speaker 1: throw you in jail. They could do that, but all
Speaker 1: they're doing is barring their own citizens from participating in it.
Speaker 1: It doesn't actually stop it or shut it down all right.
Speaker 1: So UM, India could say no one is allowed to
Speaker 1: do anything with it, you can't touch it, trade at nothing, um.
Speaker 1: And that would not stop it here in the United States,
Speaker 1: which will be using it. UM. It would only prevent
Speaker 1: people in India from participating. So what they're doing is
Speaker 1: just making their own citizens poor and so somehow India
Speaker 1: seems to recognize that because they want to allow them
Speaker 1: to hold the assets like gold or or stock or bonds,
Speaker 1: but not use them for transactions. And they says that
Speaker 1: this approach would avoid implementing a complete ban. Now, I
Speaker 1: don't know exactly how they'll do that. My guess is
Speaker 1: they would probably do something like a like some sort
Speaker 1: of like an index or fund or like an e
Speaker 1: t F where you can buy gold through like a
Speaker 1: gold ETF right now, but you don't take the physical gold.
Speaker 1: You can't you know, take possession of it. Um, you
Speaker 1: just have access to the price of gold. I definitely
Speaker 1: wouldn't recommend holding gold that way. We just had the
Speaker 1: launch of the first bitcoin et F. I think it
Speaker 1: was about a month ago now, UM I talked about
Speaker 1: it on this show back then, and we had the
Speaker 1: launch of the first bitcoin ETF, and that's kind of
Speaker 1: the same way. I don't own bitcoin, but I have
Speaker 1: exposure to the price of bitcoin through the e t F.
Speaker 1: And so maybe India would do something like that, create
Speaker 1: some sort of a fund or an et F where
Speaker 1: you have exposure to the price but you don't actually
Speaker 1: own it. Maybe, UM, but in the India's Prime Minister
Speaker 1: said um that he was concerned that unregulated crypto markets
Speaker 1: could become avenues for money laundering and terror financing. Oh,
Speaker 1: it's always the big boogeyman that comes out, right, they
Speaker 1: think about the worst things. Um, there was a fence
Speaker 1: in so FENCIND is the Financial Enforcement Crimes Network for
Speaker 1: the United States. Um, it's one of the big, you know,
Speaker 1: money regulatory bodies in the United States. They did a
Speaker 1: big study that was called the Fence IND Files. I
Speaker 1: think it came out six or nine months ago, and
Speaker 1: they basically showed how the big banks of the world,
Speaker 1: the hsbcs, the douche banks, etcetera, have have laundered over
Speaker 1: two trillion dollars as two trillion with a t two
Speaker 1: trillion dollars laundered money for cartels and things like that.
Speaker 1: That's dollars. That's the dollar system. That's the dollar system
Speaker 1: they control, and they can't stop it with that, and
Speaker 1: they're worried about, Um, you or the people in India
Speaker 1: with very little money, they're worried about them potentially laundering money.
Speaker 1: What does that even mean? Laundering money? So that's basically
Speaker 1: doing anything that the government hasn't given you explicit license
Speaker 1: to do. I mean, if you think about that for
Speaker 1: a second, they're basically saying you're not free. You don't
Speaker 1: have freedom to do with your money as you see fit. Um,
Speaker 1: you can only use money inside the consigned, confined space
Speaker 1: and limits that we give you. Now it's interesting about
Speaker 1: that is I think that you know, if if the
Speaker 1: United States, there any government for that matter, said that
Speaker 1: drugs were illegal, which of course they did and they are, Um,
Speaker 1: that doesn't make you want to go do them right, um,
Speaker 1: But still even then they can't stop drugs. But what
Speaker 1: about when a nation tells you that you don't have
Speaker 1: the right to hold your wealth in a way that
Speaker 1: we can't steal from you. You don't have the right
Speaker 1: to use, um, whatever terms of buying and selling that
Speaker 1: you want. You don't have the freedom to move your
Speaker 1: money around except for in the regulated channels we give you.
Speaker 1: When they tell you that, it makes you want to
Speaker 1: do that. And so I think it's pretty interesting to
Speaker 1: see this. So while people are so busy going, oh
Speaker 1: my gosh, the price of cryptocurrency dipped bitcoins down twelve percent,
Speaker 1: is mount go is gonna sell all those bitcoin really?
Speaker 1: Like you're worried about it from a weekly basis. I
Speaker 1: mean governments are worried about them being replaced by these assets.
Speaker 1: That's how big they are. So if you're if you're
Speaker 1: looking I say it all the time, if you're looking
Speaker 1: at your portfolio on a daily or a weekly or
Speaker 1: even a monthly basis, you're never gonna make it. We
Speaker 1: call that m G M. I never gonna make it.
Speaker 1: You need to zoom out. We literally have Nation we
Speaker 1: literally have Hillary Clinton warning you that they could potentially
Speaker 1: undermine or replace the entire financial system. And yet you're
Speaker 1: worried about or people are worried about the price dipping
Speaker 1: fiferent because potentially, uh, potentially the Mountainox tokens will be
Speaker 1: dumped onto the market. So I would just say, zoom out.
Speaker 1: I give you this information because this is a long
Speaker 1: term play. You hold this for five years or ten years,
Speaker 1: it's going to change your life. But if you're looking
Speaker 1: at the news on a daily, weekly, monthly basis, and
Speaker 1: oh my gosh, then the price dot drop fifcent, I
Speaker 1: should probably sell right now. You're never gonna make it.
Speaker 1: So I give you this news to show you where
Speaker 1: things are going. So you have what we call the
Speaker 1: strong hands, the diamond hands, that you can hang on
Speaker 1: through any of these dips. Be like Warren Buffett. Warren
Speaker 1: Buffett's a household name because he's one of the most
Speaker 1: successful investors in history. He bought Coca Cola in six four,
Speaker 1: I think, and he still owns it today. How many
Speaker 1: dips as he had to hold through to continue to
Speaker 1: hold that today. And that's the approach you need to
Speaker 1: take with bitcoin and cryptocurrencies. All right, you're listening, by
Speaker 1: the way, you're listening to the Mark Ma Show. If
Speaker 1: you just joined me, I'm talking about bitcoin, cryptocurrencies and
Speaker 1: the decentralized revolution each end every week, so put a
Speaker 1: calendar make sure you're back with me this time. Thanks
Speaker 1: for listening.