1 00:00:00,080 --> 00:00:03,080 Speaker 1: Hey, welcome back to another episode of The Mark Mo 2 00:00:03,279 --> 00:00:06,760 Speaker 1: Show where we are talking about bitcoin. We're talking about 3 00:00:06,800 --> 00:00:10,840 Speaker 1: cryptocurrencies and really this decentralized revolution that's happening each and 4 00:00:11,080 --> 00:00:14,160 Speaker 1: every week, bringing you the most up to date news, 5 00:00:14,200 --> 00:00:17,600 Speaker 1: the education so you understand what's going on, and some 6 00:00:17,680 --> 00:00:19,920 Speaker 1: of the best, some of the brightest people in the 7 00:00:20,000 --> 00:00:23,560 Speaker 1: space to give you that perspective and a little bit 8 00:00:23,560 --> 00:00:26,800 Speaker 1: of a nuance and hopefully some entertainment along with all that. 9 00:00:27,160 --> 00:00:30,000 Speaker 1: So I, as I say, each and every week, this 10 00:00:30,080 --> 00:00:32,879 Speaker 1: is the biggest opportunity you will ever have in your lifetime. 11 00:00:33,520 --> 00:00:35,440 Speaker 1: You don't want to miss it. The problem is is 12 00:00:35,479 --> 00:00:39,120 Speaker 1: that where are you getting your information. Wherever you're getting 13 00:00:39,120 --> 00:00:41,920 Speaker 1: it from, it's most likely wrong and that is going 14 00:00:42,000 --> 00:00:46,080 Speaker 1: to cause you to have problems. So pull out your 15 00:00:46,080 --> 00:00:48,920 Speaker 1: phone if you're not driving, put a calendar reminder on 16 00:00:49,120 --> 00:00:51,479 Speaker 1: right now, and join me each and every week on 17 00:00:51,479 --> 00:00:53,560 Speaker 1: this channel at this time where I'll make it the 18 00:00:53,600 --> 00:00:58,360 Speaker 1: most profitable part of each and every week. Now jumping 19 00:00:58,360 --> 00:01:01,280 Speaker 1: into bitcoin, um, there's so many angles. As I talked 20 00:01:01,280 --> 00:01:03,080 Speaker 1: about each in every week, there's so many angles to 21 00:01:03,080 --> 00:01:04,600 Speaker 1: come out it from. But what is so it's very 22 00:01:04,600 --> 00:01:08,080 Speaker 1: difficult to understand um, you have to understand philosophy and 23 00:01:08,120 --> 00:01:11,760 Speaker 1: game theory and technology and monetary systems, and on and 24 00:01:11,800 --> 00:01:14,280 Speaker 1: on and on and on and on. One of the 25 00:01:14,400 --> 00:01:17,080 Speaker 1: big things about bitcoin, though, that I like to focus 26 00:01:17,120 --> 00:01:20,959 Speaker 1: on is why why do we even need bitcoin? That's 27 00:01:20,959 --> 00:01:23,120 Speaker 1: a big piece of it. Um. Of course we come 28 00:01:23,160 --> 00:01:25,640 Speaker 1: with that from different angles all the time. And then 29 00:01:26,440 --> 00:01:30,240 Speaker 1: why does bitcoin move up and down? And why is 30 00:01:30,280 --> 00:01:33,080 Speaker 1: it needed? Right? So, I know that to most people 31 00:01:33,120 --> 00:01:35,240 Speaker 1: are focusing on the price, and of course right now 32 00:01:35,560 --> 00:01:39,360 Speaker 1: the price the US dollar value of bitcoin is down, 33 00:01:39,600 --> 00:01:45,080 Speaker 1: so we're down off of our all time highs November one, 34 00:01:45,200 --> 00:01:48,040 Speaker 1: we had a high about sixty nine dollars and now 35 00:01:48,320 --> 00:01:50,440 Speaker 1: at the time of this we're somewhere in the high 36 00:01:50,520 --> 00:01:53,040 Speaker 1: thirties I don't know, thirty eight ish range, something like that. 37 00:01:53,560 --> 00:01:55,360 Speaker 1: And I know a lot of people are wishing that 38 00:01:55,440 --> 00:01:57,400 Speaker 1: I would tell you is now the best time to 39 00:01:57,440 --> 00:02:01,360 Speaker 1: buy or is now the time to sell? But I'm 40 00:02:01,360 --> 00:02:04,480 Speaker 1: gonna come out from a different angle, and really we're 41 00:02:04,480 --> 00:02:07,600 Speaker 1: gonna look at it from what are the factors that 42 00:02:07,680 --> 00:02:10,600 Speaker 1: drive it? So, for example, you may have decided that 43 00:02:10,639 --> 00:02:12,680 Speaker 1: to buy bitcoinner people have told you to buy bitcoin, 44 00:02:12,800 --> 00:02:15,639 Speaker 1: you're thinking about buying bitcoin because you think it will 45 00:02:15,680 --> 00:02:19,880 Speaker 1: be worth more in the future, But why why would 46 00:02:19,880 --> 00:02:23,360 Speaker 1: it be more worth more in the future, and more importantly, 47 00:02:23,639 --> 00:02:27,200 Speaker 1: how much could it be worth in the future. Do 48 00:02:27,200 --> 00:02:29,360 Speaker 1: you want to look at those types of things now? 49 00:02:29,880 --> 00:02:33,200 Speaker 1: One of the reasons why is that? Uh? And why 50 00:02:33,280 --> 00:02:35,040 Speaker 1: is it down? Why is the price down? And why 51 00:02:35,080 --> 00:02:37,079 Speaker 1: would it be worth more in the future. And one 52 00:02:37,080 --> 00:02:39,280 Speaker 1: of the things that we have to look at is 53 00:02:39,639 --> 00:02:43,480 Speaker 1: what in the world is going on right now in 54 00:02:43,520 --> 00:02:46,680 Speaker 1: the Federal Reserve of the United States, the Central Bank 55 00:02:46,720 --> 00:02:50,239 Speaker 1: of the United States. If you're not, if you haven't 56 00:02:50,280 --> 00:02:53,880 Speaker 1: been even paying attention to what's going on, then good 57 00:02:53,919 --> 00:02:56,880 Speaker 1: luck trying to understand bitcoin. I know a lot of 58 00:02:56,919 --> 00:02:59,399 Speaker 1: people sometimes say, Mark, Mark, stay in your lane, don't 59 00:02:59,400 --> 00:03:02,800 Speaker 1: don't talk about politics, or don't talk about you know, finance, 60 00:03:02,840 --> 00:03:04,640 Speaker 1: and don't talk about the FED. And it's like, you 61 00:03:04,760 --> 00:03:08,400 Speaker 1: can't understand these things unless you dig into that. And 62 00:03:08,480 --> 00:03:11,480 Speaker 1: so all eyes have been on Jerome Powell is the 63 00:03:11,520 --> 00:03:13,440 Speaker 1: head of the Federal Reserve, the Central Bank of the 64 00:03:13,520 --> 00:03:18,080 Speaker 1: United States, and they had a meeting, They had a 65 00:03:18,120 --> 00:03:21,400 Speaker 1: meeting the f m o C, and they decided to 66 00:03:21,440 --> 00:03:25,040 Speaker 1: get together and decide what comes next, What is the 67 00:03:25,080 --> 00:03:29,480 Speaker 1: fate of the world hanging in the balance based off 68 00:03:29,560 --> 00:03:34,080 Speaker 1: of what they decide, what's in their head. I I 69 00:03:34,120 --> 00:03:36,320 Speaker 1: posted this on Twitter. By the way, if you're not 70 00:03:36,320 --> 00:03:39,280 Speaker 1: following me on Twitter, then you should. It's the number 71 00:03:39,320 --> 00:03:41,640 Speaker 1: one mark boss. I'm pretty active on there, and probably 72 00:03:41,680 --> 00:03:44,440 Speaker 1: more active than I should be. I'd love to hear 73 00:03:44,440 --> 00:03:46,440 Speaker 1: from you, so reach out and say you heard me 74 00:03:46,480 --> 00:03:50,560 Speaker 1: on the radio. Um. But I posted something on on 75 00:03:50,560 --> 00:03:52,960 Speaker 1: on Twitter saying that you know how strange it is 76 00:03:52,960 --> 00:03:56,920 Speaker 1: that the whole world is waiting to see what they say. 77 00:03:56,960 --> 00:03:59,880 Speaker 1: Because what happens with the financial markets, what happens with 78 00:04:00,080 --> 00:04:03,600 Speaker 1: or stock accounts, what happens with the price of your home, 79 00:04:04,320 --> 00:04:06,920 Speaker 1: what happens with maybe the price of your food and 80 00:04:06,960 --> 00:04:11,080 Speaker 1: your gasoline, what happens with the price of bitcoin, all 81 00:04:11,640 --> 00:04:16,240 Speaker 1: boils down to what they do, what they decide. Um. 82 00:04:16,240 --> 00:04:19,080 Speaker 1: So they met all day on Thursday, and then on 83 00:04:19,120 --> 00:04:21,760 Speaker 1: Thursday night there was a Twitter spaces that I jumped 84 00:04:21,760 --> 00:04:25,280 Speaker 1: into with some very very smart people. We had Preston 85 00:04:25,320 --> 00:04:28,560 Speaker 1: Pitch was kind of leading it and talking about the 86 00:04:28,560 --> 00:04:32,600 Speaker 1: FED meeting all day and UH, for like two hours 87 00:04:32,800 --> 00:04:35,960 Speaker 1: we discussed, um, will they raise rates, will they not 88 00:04:36,040 --> 00:04:38,400 Speaker 1: raise rates, will they continue to do stimulus, will they 89 00:04:38,440 --> 00:04:42,080 Speaker 1: really taper? Will they cut back quee um? And and 90 00:04:42,160 --> 00:04:45,080 Speaker 1: if they did any of these things or combinations of them, 91 00:04:45,200 --> 00:04:48,200 Speaker 1: hundreds of combinations of these things, then what would happen? 92 00:04:49,040 --> 00:04:52,880 Speaker 1: And so we're all on there speculating. But really what 93 00:04:52,920 --> 00:04:56,240 Speaker 1: we're doing is we're trying to read a mind. And uh, 94 00:04:56,800 --> 00:04:58,240 Speaker 1: I don't know about you, but I'm not very good 95 00:04:58,240 --> 00:05:00,359 Speaker 1: at reading minds. I don't know if you've ever tried it, 96 00:05:00,360 --> 00:05:03,520 Speaker 1: but it's not very easy. So we're all there trying 97 00:05:03,520 --> 00:05:06,120 Speaker 1: to read what's in the mind. Will they do this, 98 00:05:06,240 --> 00:05:08,680 Speaker 1: or will they do that? Or how long till they 99 00:05:08,720 --> 00:05:14,880 Speaker 1: reverse course? And on and on and on. Right, one, Uh, 100 00:05:14,960 --> 00:05:20,200 Speaker 1: that's a fool's errand right, you can't be guessing with 101 00:05:20,279 --> 00:05:24,000 Speaker 1: your financial future. You can't just be guessing about that. 102 00:05:24,040 --> 00:05:27,000 Speaker 1: You can't be leaving it up to reading minds. And 103 00:05:27,000 --> 00:05:30,839 Speaker 1: and I bring that up to highlight the insanity that 104 00:05:30,880 --> 00:05:34,680 Speaker 1: our entire world is hanging in the balance of what 105 00:05:34,760 --> 00:05:39,440 Speaker 1: they do. And the whole point here is that nobody, 106 00:05:39,560 --> 00:05:43,640 Speaker 1: not no one person, nor one group should ever have 107 00:05:43,760 --> 00:05:46,640 Speaker 1: that power. That's the insanity. We're We're going to dig 108 00:05:46,640 --> 00:05:49,640 Speaker 1: into more about what they're doing and what that ultimately 109 00:05:50,000 --> 00:05:51,320 Speaker 1: is going to do to the best of the the markets 110 00:05:51,320 --> 00:05:53,200 Speaker 1: and of course bitcoin. By the way, if you're just 111 00:05:53,240 --> 00:05:55,920 Speaker 1: tuning and you're listening to the Markmas Show where we're 112 00:05:55,920 --> 00:05:59,240 Speaker 1: talking about bitcoin, we're talking about this decentralized revolution, and 113 00:05:59,360 --> 00:06:01,840 Speaker 1: right now we're talking about what the Federal Reserve is doing, 114 00:06:01,880 --> 00:06:03,680 Speaker 1: so you can have a better understanding of all this. 115 00:06:04,400 --> 00:06:06,920 Speaker 1: But so, how insane is it that one person or 116 00:06:06,960 --> 00:06:10,840 Speaker 1: one group of people can literally have that power over 117 00:06:11,480 --> 00:06:15,640 Speaker 1: everything to change the price. So I I tweeted that 118 00:06:15,680 --> 00:06:18,280 Speaker 1: out and I said, but you know, bitcoin fixes this, 119 00:06:18,800 --> 00:06:21,400 Speaker 1: and I got it. It was It went pretty viral. 120 00:06:21,440 --> 00:06:22,720 Speaker 1: I mean, a lot of people liked it, a lot 121 00:06:22,720 --> 00:06:26,039 Speaker 1: of people commented, hundreds of people commented on that, and 122 00:06:26,120 --> 00:06:28,839 Speaker 1: a lot of the comments were saying, yeah, but how 123 00:06:28,920 --> 00:06:31,360 Speaker 1: does bitcoin fix that? Because when the Fed makes their decision, 124 00:06:31,360 --> 00:06:35,599 Speaker 1: the price the bitcoin goes up and down too. Yeah, 125 00:06:35,760 --> 00:06:38,279 Speaker 1: but that's not the point. That's not the point that 126 00:06:38,279 --> 00:06:41,520 Speaker 1: I'm trying to make here. Yes, the price of bitcoin 127 00:06:41,880 --> 00:06:44,440 Speaker 1: is subject to the whims of fellows sort of just 128 00:06:44,520 --> 00:06:46,560 Speaker 1: like the price of your gasoline, just like the price 129 00:06:46,600 --> 00:06:48,960 Speaker 1: of your steak, just like the value of your home 130 00:06:49,360 --> 00:06:52,920 Speaker 1: and your retirement basket of stocks as well. But that's 131 00:06:52,920 --> 00:06:56,800 Speaker 1: the insanity. So yes, unfortunately, the price the US dollar 132 00:06:56,839 --> 00:06:59,800 Speaker 1: of bitcoin will be whipsode back and forth based off 133 00:06:59,839 --> 00:07:03,040 Speaker 1: of whatever they're doing. But that's not the point I'm 134 00:07:03,040 --> 00:07:04,520 Speaker 1: trying to make. The point I'm trying to make is 135 00:07:04,560 --> 00:07:07,160 Speaker 1: that because no one or no one group should ever 136 00:07:07,240 --> 00:07:10,600 Speaker 1: have that power, the goal is to take that power 137 00:07:10,760 --> 00:07:16,200 Speaker 1: away from them, take away anyone's persons or group's ability 138 00:07:16,320 --> 00:07:21,320 Speaker 1: to move the entire world's prices by creating more money 139 00:07:21,400 --> 00:07:25,160 Speaker 1: and changing interest rates. So let me kind of break 140 00:07:25,240 --> 00:07:27,720 Speaker 1: that down for you, all right, So um, you might 141 00:07:27,800 --> 00:07:30,560 Speaker 1: hear if if if you, like I said, if you're 142 00:07:30,560 --> 00:07:34,680 Speaker 1: not paying attention, then you should be because this affects everything. 143 00:07:34,760 --> 00:07:37,320 Speaker 1: This affects your job, whether you might end up having 144 00:07:37,360 --> 00:07:40,120 Speaker 1: a new job or having a job at all. This effects, 145 00:07:40,160 --> 00:07:41,520 Speaker 1: like I said, the value of your home, or if 146 00:07:41,520 --> 00:07:42,840 Speaker 1: you're going to buy a new home, how much that's 147 00:07:42,840 --> 00:07:45,000 Speaker 1: gonna cost you. This affects how much is gonna cost 148 00:07:45,040 --> 00:07:48,520 Speaker 1: you to commute back and forth to work. So if 149 00:07:48,520 --> 00:07:51,720 Speaker 1: you think this doesn't affect you, then again you're sadly mistaken. 150 00:07:52,520 --> 00:07:55,200 Speaker 1: Henry Ford said over a hundred years ago, Henry Ford, 151 00:07:55,240 --> 00:07:57,120 Speaker 1: the the godfather of the automobile. He said that the 152 00:07:57,680 --> 00:08:00,880 Speaker 1: if the American people knew how the banking system work, 153 00:08:00,920 --> 00:08:05,440 Speaker 1: there would be a revolution before the morning. Before the morning. 154 00:08:05,880 --> 00:08:09,000 Speaker 1: That means, that means that people would be so outraged 155 00:08:09,320 --> 00:08:11,760 Speaker 1: that they wouldn't even wait. They would be out there 156 00:08:11,800 --> 00:08:14,560 Speaker 1: storming the streets, storming the banks. That was a hundred 157 00:08:14,600 --> 00:08:18,640 Speaker 1: years ago. Imagine how much worse the worst things are 158 00:08:18,760 --> 00:08:21,200 Speaker 1: today a hundred years later. And of course it's uh 159 00:08:21,400 --> 00:08:23,600 Speaker 1: no surprise that this is why they don't teach you 160 00:08:23,640 --> 00:08:25,920 Speaker 1: any of this in school. Not only they not only 161 00:08:25,960 --> 00:08:27,880 Speaker 1: teach it to you, they purposely withhold it from you. 162 00:08:28,280 --> 00:08:31,480 Speaker 1: And so I get it if you're not paying attention. 163 00:08:31,520 --> 00:08:34,439 Speaker 1: I get it if you don't understand how this impacts 164 00:08:34,440 --> 00:08:37,720 Speaker 1: your life. But as I like to say, an ostrich 165 00:08:37,760 --> 00:08:39,720 Speaker 1: can bury its head in the sand, but it won't 166 00:08:39,960 --> 00:08:43,720 Speaker 1: stop it from being eaten. You can choose ignore reality, 167 00:08:43,760 --> 00:08:45,360 Speaker 1: in the words of Iron Rand, you can choose the 168 00:08:45,360 --> 00:08:48,840 Speaker 1: ignore reality, but you cannot ignore the consequences of reality. 169 00:08:48,840 --> 00:08:50,280 Speaker 1: And so you've got to know what the heck the 170 00:08:50,280 --> 00:08:51,960 Speaker 1: FED is doing. You gotta know what the heck they're doing. 171 00:08:52,440 --> 00:08:55,640 Speaker 1: What they said in this meeting this week, um what 172 00:08:55,760 --> 00:08:59,160 Speaker 1: their plans are doing, and more importantly, what is that 173 00:08:59,200 --> 00:09:02,360 Speaker 1: going to do to your entire life and the price 174 00:09:02,400 --> 00:09:05,880 Speaker 1: of bitcoin, and of course how bitcoin fixes this. So 175 00:09:05,920 --> 00:09:08,280 Speaker 1: I'm gonna break that down a little bit. Um. Like 176 00:09:08,280 --> 00:09:11,600 Speaker 1: I said, you should be paying attention, so do not 177 00:09:11,840 --> 00:09:13,640 Speaker 1: go away. By the way, you're listening to the Mark 178 00:09:13,720 --> 00:09:17,280 Speaker 1: Moa Show. Of course, we're talking about bitcoin, the decentralized 179 00:09:17,320 --> 00:09:21,600 Speaker 1: revolution that's happening right now. We're talking about why why 180 00:09:21,720 --> 00:09:24,680 Speaker 1: is bitcoin needed and it's being highlighted right now by 181 00:09:24,760 --> 00:09:27,880 Speaker 1: the Federal Reserve moving the markets in the world. I'm 182 00:09:27,880 --> 00:09:29,480 Speaker 1: gonna explain that to you and show you what we 183 00:09:29,480 --> 00:09:31,000 Speaker 1: should be doing about that. So don't go away. I'll 184 00:09:31,000 --> 00:09:33,040 Speaker 1: be right back. Hey, welcome back. You're listening to the 185 00:09:33,040 --> 00:09:35,920 Speaker 1: Mark ma Show and we're talking about bitcoin. Thanks for 186 00:09:35,960 --> 00:09:39,080 Speaker 1: tuning in. We're talking about bitcoin, we're talking about cryptocurrencies, 187 00:09:39,120 --> 00:09:42,480 Speaker 1: and we're talking about the decentralized revolution that's happening, and 188 00:09:42,640 --> 00:09:46,800 Speaker 1: uh really we're digging into why, why does the decentralized 189 00:09:46,840 --> 00:09:51,320 Speaker 1: revolution need to happen, why is it happening, and some 190 00:09:51,360 --> 00:09:52,720 Speaker 1: of the things you can fix. And so we're talking 191 00:09:52,760 --> 00:09:55,079 Speaker 1: about the Federal Reserve, the central banks of the Central 192 00:09:55,120 --> 00:09:58,920 Speaker 1: Bank of the United States, and uh, this week they 193 00:09:59,000 --> 00:10:01,720 Speaker 1: had a big meeting and everybody was waiting to hear 194 00:10:01,760 --> 00:10:04,160 Speaker 1: what they said, and would they come out hawkish, meaning 195 00:10:04,160 --> 00:10:07,320 Speaker 1: would they be strong against it, would they be really 196 00:10:07,400 --> 00:10:10,120 Speaker 1: working hard to tamp down this inflation that we're having, 197 00:10:10,160 --> 00:10:12,760 Speaker 1: or would they be devish, which would be like I, 198 00:10:12,760 --> 00:10:14,160 Speaker 1: we'll just kind of let it go. They'll be weak 199 00:10:14,200 --> 00:10:17,520 Speaker 1: and soft. Right, And so they had this meeting that 200 00:10:17,520 --> 00:10:22,480 Speaker 1: everybody was waiting for, and they were pretty hawkish, meaning 201 00:10:22,559 --> 00:10:24,640 Speaker 1: that they are pretty aggressive on what they want to do. 202 00:10:24,679 --> 00:10:28,160 Speaker 1: And of course the markets have reacted. Right. We're seeing 203 00:10:28,160 --> 00:10:30,720 Speaker 1: the price of all the stocks turning down, We're seeing 204 00:10:30,760 --> 00:10:33,079 Speaker 1: high credit turning down. That's a really bad sign. We're 205 00:10:33,080 --> 00:10:36,600 Speaker 1: seeing the breath of the market's break apart. That's really bad. 206 00:10:37,520 --> 00:10:39,120 Speaker 1: And of course, as I was saying, bitcoin and all 207 00:10:39,160 --> 00:10:43,120 Speaker 1: cryptocurrencies are all down as well. UM. So basically what 208 00:10:43,160 --> 00:10:45,640 Speaker 1: the Fed is saying that um, they are going to 209 00:10:46,080 --> 00:10:50,720 Speaker 1: end quantitative easing by March of which is about two 210 00:10:50,720 --> 00:10:54,480 Speaker 1: months away. UM end it. So what is quantitative easing? 211 00:10:54,840 --> 00:10:57,840 Speaker 1: So quantities and easing is basically the central banks creating 212 00:10:57,880 --> 00:11:01,640 Speaker 1: money and putting them out reserves at the banks, and 213 00:11:01,679 --> 00:11:04,400 Speaker 1: then when the banks get reserves, they create money into 214 00:11:04,440 --> 00:11:07,400 Speaker 1: existence by generating loans. So when you go to the 215 00:11:07,400 --> 00:11:10,160 Speaker 1: bank to get a loan for your house, about a car, 216 00:11:10,400 --> 00:11:14,520 Speaker 1: whatever in RV, that money is created into existence. The 217 00:11:14,559 --> 00:11:18,040 Speaker 1: central banks they don't create money. They put reserves onto 218 00:11:18,040 --> 00:11:20,280 Speaker 1: the banks, and then the banks can create money from 219 00:11:20,360 --> 00:11:23,680 Speaker 1: those reserves. And so quei is a is a roundabout 220 00:11:23,679 --> 00:11:26,960 Speaker 1: way of creating money. And UM, I'm not gonna get 221 00:11:27,000 --> 00:11:29,840 Speaker 1: super detailed into that. There's a little bit more, but 222 00:11:30,240 --> 00:11:33,640 Speaker 1: they've been basically pumping the markets full of this liquidity 223 00:11:33,920 --> 00:11:36,840 Speaker 1: since two thousand eight, since the two thousand eight financial crisis, 224 00:11:36,880 --> 00:11:41,040 Speaker 1: the g f C, the Great Financial Crash, and they've 225 00:11:41,080 --> 00:11:43,600 Speaker 1: never stopped since two thous eight. They said, oh, they 226 00:11:43,920 --> 00:11:46,000 Speaker 1: saved the world, they save the world financial system. Well 227 00:11:46,000 --> 00:11:48,480 Speaker 1: then how come they were never able to let the 228 00:11:48,480 --> 00:11:50,679 Speaker 1: financial system run on its own again. So they've been 229 00:11:50,679 --> 00:11:53,880 Speaker 1: pumping the markets full. Um. Now, um, some historical context 230 00:11:53,960 --> 00:11:55,640 Speaker 1: I think it's important for you to understand about this 231 00:11:55,720 --> 00:11:59,760 Speaker 1: is that in two thousand eighteen, just after the now 232 00:12:00,080 --> 00:12:03,040 Speaker 1: current FED chair Jerome Pale, took office, he came in 233 00:12:03,320 --> 00:12:05,559 Speaker 1: ready to change the world. He was gonna fix things 234 00:12:06,320 --> 00:12:09,160 Speaker 1: and he said, I'm gonna taper. I'm gonna end quewie. 235 00:12:09,200 --> 00:12:10,920 Speaker 1: We're gonna get the markets to stand up on their own. 236 00:12:10,920 --> 00:12:13,360 Speaker 1: We're gonna stop pumping them full of money. And so 237 00:12:13,440 --> 00:12:18,120 Speaker 1: he tried, and he did, and he um started tape 238 00:12:18,120 --> 00:12:23,640 Speaker 1: bring and very quickly the markets crashed, very fast, draw 239 00:12:23,720 --> 00:12:28,360 Speaker 1: down and stocks boom right away. And uh, he very 240 00:12:28,440 --> 00:12:34,640 Speaker 1: quickly found out that you can't taper a ponzi. So 241 00:12:34,920 --> 00:12:36,640 Speaker 1: um he quickly had a reverse course and they had 242 00:12:36,679 --> 00:12:39,120 Speaker 1: to continue pumping the markets full of money. And we've 243 00:12:39,160 --> 00:12:43,320 Speaker 1: continued on from and then you know, March came, which 244 00:12:43,320 --> 00:12:46,520 Speaker 1: was the big crash in the stock market. The pandemic, 245 00:12:46,760 --> 00:12:48,960 Speaker 1: you know, locked the whole country down, locked the lock 246 00:12:49,040 --> 00:12:52,600 Speaker 1: everything down. The markets crashed again, and they brought even 247 00:12:52,600 --> 00:12:55,280 Speaker 1: more firepower. They brought, you know, this time eight trillion 248 00:12:55,280 --> 00:12:58,800 Speaker 1: dollars to pump the markets back up. And so every 249 00:12:58,800 --> 00:13:01,560 Speaker 1: time they've tried, well really only one time they tried 250 00:13:01,600 --> 00:13:05,280 Speaker 1: to stop pumping the markets full of money. The markets crashed. 251 00:13:05,880 --> 00:13:08,160 Speaker 1: And now he's saying they're finally going to do it. 252 00:13:08,679 --> 00:13:10,520 Speaker 1: They couldn't do it last time, but this time they're 253 00:13:10,520 --> 00:13:14,600 Speaker 1: going to do it. Uh. Really, at a time when 254 00:13:14,600 --> 00:13:18,760 Speaker 1: supply chains are breaking down at a time when lockdowns 255 00:13:18,760 --> 00:13:22,440 Speaker 1: are still happening, a time when the economy is seen 256 00:13:22,480 --> 00:13:25,600 Speaker 1: it was very very fragile, at a time when asset 257 00:13:25,600 --> 00:13:28,600 Speaker 1: prices are sky high because of all their monetary uh stimulus, 258 00:13:28,880 --> 00:13:32,520 Speaker 1: and they're gonna stop. Okay, well we can speculate on that, 259 00:13:32,679 --> 00:13:34,480 Speaker 1: but he said, that's what we're gonna do on top 260 00:13:34,520 --> 00:13:36,280 Speaker 1: of that, what they're gonna do, um, is they're gonna 261 00:13:36,280 --> 00:13:40,520 Speaker 1: start raking up the rate, increasing the interest rates. And 262 00:13:40,559 --> 00:13:43,160 Speaker 1: so that means that as interest rates go up, that 263 00:13:43,200 --> 00:13:46,000 Speaker 1: means you'll be paying more for debt to take on debt, 264 00:13:46,280 --> 00:13:48,880 Speaker 1: which means that a lot less people will take on debt. 265 00:13:49,320 --> 00:13:52,040 Speaker 1: When a lot less people take on debt, guess what happens? 266 00:13:52,800 --> 00:13:55,680 Speaker 1: Things slow down. You don't buy new cars, you don't 267 00:13:55,679 --> 00:13:59,400 Speaker 1: buy new houses. Um, When you don't buy new cars, 268 00:13:59,400 --> 00:14:01,880 Speaker 1: a new house is guess what happens? The price of 269 00:14:01,880 --> 00:14:04,880 Speaker 1: those houses come down. When the price of your house 270 00:14:04,920 --> 00:14:08,800 Speaker 1: comes down, guess what happens. You feel poor, You feel 271 00:14:08,880 --> 00:14:11,240 Speaker 1: less rich. Guess what happens when you feel less rich? 272 00:14:11,720 --> 00:14:14,240 Speaker 1: You buy less things. Do you see how they starts 273 00:14:14,240 --> 00:14:18,560 Speaker 1: spiraling very very very very quickly, the way that the 274 00:14:18,600 --> 00:14:22,840 Speaker 1: way that this leverage works is that if someone would 275 00:14:22,880 --> 00:14:25,360 Speaker 1: loan me unlimited amount of money for free, I might 276 00:14:25,400 --> 00:14:27,040 Speaker 1: go get a bunch of that free money, and I 277 00:14:27,120 --> 00:14:29,440 Speaker 1: might go buy a bunch of houses all over the country, 278 00:14:29,480 --> 00:14:31,200 Speaker 1: all over the world. It might go buy yachts and 279 00:14:31,280 --> 00:14:34,280 Speaker 1: planes and and all that, and all of that free 280 00:14:34,280 --> 00:14:36,760 Speaker 1: money that I was given creates all this stimulus. Right, 281 00:14:36,800 --> 00:14:38,760 Speaker 1: So now people are making more houses, and people are 282 00:14:38,800 --> 00:14:41,680 Speaker 1: making more planes and making more boats, and so things start. 283 00:14:41,720 --> 00:14:43,760 Speaker 1: And then all those people that make the boats now 284 00:14:43,800 --> 00:14:45,320 Speaker 1: they all have more money, and then they go buy 285 00:14:45,320 --> 00:14:47,400 Speaker 1: more things and more equipment, and they buy bigger buildings, 286 00:14:47,400 --> 00:14:49,480 Speaker 1: and then you know, on and on and on. So 287 00:14:49,520 --> 00:14:53,320 Speaker 1: it levels up really fast. But it also unwinds just 288 00:14:53,440 --> 00:14:57,880 Speaker 1: as fast. So if rates go up and less people 289 00:14:57,880 --> 00:15:00,160 Speaker 1: buy homes, well, then there's less people in the home 290 00:15:00,200 --> 00:15:04,400 Speaker 1: building niche, there's less people selling supplies for those homes, 291 00:15:04,480 --> 00:15:06,520 Speaker 1: and the people that buy the that sell those supplies 292 00:15:06,560 --> 00:15:08,640 Speaker 1: have less money to go buy other goods and services, 293 00:15:09,120 --> 00:15:11,560 Speaker 1: and the whole thing starts to unwind very very quickly. 294 00:15:11,560 --> 00:15:15,480 Speaker 1: So anyway, they're gonna stop stimulating, apparently by mar and 295 00:15:15,480 --> 00:15:18,760 Speaker 1: then they're gonna start increasing interest rates rate hikes and 296 00:15:18,840 --> 00:15:23,320 Speaker 1: then maybe he said, maybe they might even actually start 297 00:15:23,600 --> 00:15:28,400 Speaker 1: um quantitative tightening, which means not just in the tapering um, 298 00:15:28,440 --> 00:15:34,240 Speaker 1: but actually start pulling money back out. Now. Um, that's 299 00:15:34,280 --> 00:15:36,760 Speaker 1: what he's saying. And the markets are not liking that, 300 00:15:36,840 --> 00:15:39,600 Speaker 1: and so it is dragging the price of all assets, 301 00:15:39,600 --> 00:15:45,240 Speaker 1: including your retirement portfolio down. Stocks are breaking down. What 302 00:15:45,280 --> 00:15:47,120 Speaker 1: people are wondering if we're going to a bear market, 303 00:15:47,720 --> 00:15:50,000 Speaker 1: and like I said, bitcoin is going down as well. 304 00:15:51,320 --> 00:15:53,280 Speaker 1: But what does that mean for the future of bitcoin? 305 00:15:53,520 --> 00:15:56,680 Speaker 1: As I said, bitcoin fixes this. But um, to the 306 00:15:56,760 --> 00:16:00,440 Speaker 1: hundreds of comments I got on that Twitter post, Uh, 307 00:16:00,840 --> 00:16:04,240 Speaker 1: it's not. Um, it's not immune. So a lot of 308 00:16:04,240 --> 00:16:08,320 Speaker 1: people say, well, Mark, you know bitcoin is still correlated 309 00:16:08,360 --> 00:16:10,480 Speaker 1: to the stock market. It's too correlated. I'm not interested 310 00:16:10,480 --> 00:16:13,240 Speaker 1: in bitcoin because it's so correlated. And I would say 311 00:16:13,320 --> 00:16:18,080 Speaker 1: every single asset is correlated right now because of the FED, 312 00:16:18,200 --> 00:16:20,840 Speaker 1: because of the Federal Reserve. It shouldn't be like this, 313 00:16:21,000 --> 00:16:23,920 Speaker 1: but it is because as they're pumping in trillions of 314 00:16:23,960 --> 00:16:27,720 Speaker 1: dollars of liquidity, it drives everything. Warren Buffett uh famously 315 00:16:27,720 --> 00:16:33,120 Speaker 1: said that a rising tide raises all boats, but when 316 00:16:33,120 --> 00:16:37,240 Speaker 1: the tide goes out, you see who's swimming naked and 317 00:16:37,280 --> 00:16:40,680 Speaker 1: so Um, the eight trillion dollars has lifted all the 318 00:16:40,720 --> 00:16:43,320 Speaker 1: boats up at the same time. And when you pull 319 00:16:43,400 --> 00:16:45,720 Speaker 1: the water out, all the boats also go down at 320 00:16:45,760 --> 00:16:49,760 Speaker 1: the same time. UM. Out here in California, I had 321 00:16:49,800 --> 00:16:51,440 Speaker 1: a house out in the river out in the river 322 00:16:51,480 --> 00:16:56,440 Speaker 1: area of Nevada and Arizona for for shoot, almost twenty years, 323 00:16:56,680 --> 00:16:59,880 Speaker 1: over a decade. And on the river it's the Colorado River. 324 00:16:59,920 --> 00:17:03,040 Speaker 1: The comes from Colorado, goes through Las Vegas, Lake Mead, 325 00:17:03,160 --> 00:17:06,280 Speaker 1: goes through Arizona and then eventually dips into the into 326 00:17:06,359 --> 00:17:08,639 Speaker 1: the Gulf of Mexico. Our not Gulf of Mexico, the 327 00:17:08,680 --> 00:17:12,440 Speaker 1: Gulf of Bajam. But on that river at night, UM, 328 00:17:12,480 --> 00:17:14,719 Speaker 1: when the tide comes up, you park your boat up 329 00:17:14,720 --> 00:17:16,399 Speaker 1: on the shore and you drop your anchor, and then 330 00:17:16,400 --> 00:17:18,160 Speaker 1: you wake up in the morning and it's like five 331 00:17:18,200 --> 00:17:21,679 Speaker 1: ft from the water because the water that they release 332 00:17:21,760 --> 00:17:23,600 Speaker 1: water from the dam, and all the boats come up, 333 00:17:23,960 --> 00:17:27,080 Speaker 1: and then when they shut the dam and then it 334 00:17:27,160 --> 00:17:29,160 Speaker 1: all drops down. And that's kind of what the Federal 335 00:17:29,200 --> 00:17:32,560 Speaker 1: Reserve does. Just like the dam releases more water in 336 00:17:32,600 --> 00:17:34,520 Speaker 1: the river and then they take water out. The same 337 00:17:34,560 --> 00:17:36,800 Speaker 1: thing happens with the foul reserve. They put money in 338 00:17:37,240 --> 00:17:39,800 Speaker 1: and everybody feels rich, and then they pull money out 339 00:17:41,000 --> 00:17:43,960 Speaker 1: and it all starts falling apart. And so bitcoin is 340 00:17:44,000 --> 00:17:46,720 Speaker 1: a part of that um, just like gold, just like 341 00:17:46,760 --> 00:17:50,840 Speaker 1: every other asset. But that's only one piece of the story. 342 00:17:50,880 --> 00:17:52,640 Speaker 1: And if that's what you're seeing in the news headlines, 343 00:17:52,680 --> 00:17:54,440 Speaker 1: you are going to be faked out of the market. 344 00:17:54,480 --> 00:17:56,480 Speaker 1: So I want to tell you the real way that 345 00:17:56,520 --> 00:17:58,280 Speaker 1: you need to look at this and where we are 346 00:17:58,320 --> 00:18:02,080 Speaker 1: in this market cycle of cryptocurrencies. Um. Is it over 347 00:18:02,640 --> 00:18:04,800 Speaker 1: or is it just about to begin. I'm gonna come 348 00:18:04,840 --> 00:18:06,160 Speaker 1: back with more than that. I listen to the Mark 349 00:18:06,240 --> 00:18:09,600 Speaker 1: mo Show talking about bitcoin and cryptocurrencies. Don't go away, 350 00:18:09,920 --> 00:18:12,200 Speaker 1: all right, welcome back. You are listening to the Mark 351 00:18:12,240 --> 00:18:15,280 Speaker 1: ma Show, and we're talking about bitcoin and cryptocurrencies and 352 00:18:15,359 --> 00:18:19,680 Speaker 1: the decentralized revolution. Each and every week, I'm here with you. 353 00:18:19,680 --> 00:18:22,160 Speaker 1: You can find me on Twitter at one Mark Moss. 354 00:18:22,200 --> 00:18:24,840 Speaker 1: That's just the number one. I tweet about this stuff 355 00:18:24,880 --> 00:18:27,800 Speaker 1: all the time, and so uh follow me there, give 356 00:18:27,800 --> 00:18:30,280 Speaker 1: me a shout out at me, hell me heard me 357 00:18:30,320 --> 00:18:31,720 Speaker 1: on the radio. Ask me a question, I'll make sure 358 00:18:31,720 --> 00:18:33,919 Speaker 1: to answer it for you. Now we're talking about the 359 00:18:33,920 --> 00:18:36,119 Speaker 1: Federal Reserve, because all eyes are on the fellow reserves. 360 00:18:36,160 --> 00:18:38,280 Speaker 1: They're driving the markets. I was using the illustration of 361 00:18:38,640 --> 00:18:40,439 Speaker 1: this this place on the river where I used to go, 362 00:18:41,040 --> 00:18:43,159 Speaker 1: and they had opened the dam and there'd be a 363 00:18:43,200 --> 00:18:45,159 Speaker 1: lot of water and people would park their boats up 364 00:18:45,320 --> 00:18:47,520 Speaker 1: and then overnight they'd let the they'd close the dam 365 00:18:47,760 --> 00:18:49,400 Speaker 1: and the water would run out, and then boats beyond 366 00:18:49,440 --> 00:18:51,000 Speaker 1: dry land. And that's kind of what the Federal Reserve 367 00:18:51,040 --> 00:18:54,000 Speaker 1: is doing with their money. I explained to you what 368 00:18:54,080 --> 00:18:55,959 Speaker 1: they said in this meeting this week of what they 369 00:18:56,000 --> 00:18:58,240 Speaker 1: planned to do and what's going to happen about that. 370 00:18:58,320 --> 00:19:00,480 Speaker 1: But UM, I want to tell you a couple things. 371 00:19:00,480 --> 00:19:01,800 Speaker 1: So when we're gonna look at what does this really 372 00:19:01,800 --> 00:19:05,359 Speaker 1: mean for bitcoin and cryptocurrencies, Um, before I do that, 373 00:19:05,400 --> 00:19:06,760 Speaker 1: I want to give you a little bit of historical 374 00:19:06,800 --> 00:19:11,200 Speaker 1: context here. So just for a little bit of historical context, 375 00:19:11,960 --> 00:19:15,600 Speaker 1: just because they're doing this doesn't necessarily mean the markets 376 00:19:15,640 --> 00:19:19,720 Speaker 1: are going to crash. So for historical narrative, as I 377 00:19:19,800 --> 00:19:22,000 Speaker 1: was talking about earlier, this quantitative easy and where the 378 00:19:22,000 --> 00:19:24,280 Speaker 1: FED injects money into the system really kind of got 379 00:19:24,320 --> 00:19:27,240 Speaker 1: started in two thousand and eight after the Great Financial Crash, 380 00:19:27,400 --> 00:19:30,960 Speaker 1: and about two years after that, in two thousand, the 381 00:19:31,000 --> 00:19:35,840 Speaker 1: economy was still very weak. Everybody was still very very scared, 382 00:19:35,960 --> 00:19:39,879 Speaker 1: very gun shy because it's just got wiped out in 383 00:19:40,560 --> 00:19:43,080 Speaker 1: two thousand and eight, two years before. So two thousand, 384 00:19:43,240 --> 00:19:46,760 Speaker 1: two years later, the economy's week. People are still gun shy. UM, 385 00:19:46,880 --> 00:19:51,520 Speaker 1: and the FED tried to end um Q and UM. 386 00:19:51,600 --> 00:19:56,200 Speaker 1: The markets crashed. Yeah, same thing. Stocks dropped, But here's 387 00:19:56,200 --> 00:19:59,199 Speaker 1: the key piece. Stocks dropped a little bit, and then 388 00:19:59,240 --> 00:20:02,200 Speaker 1: they just basically chopped sideways for about three months. When 389 00:20:02,240 --> 00:20:04,199 Speaker 1: I say chopped side sideways, what I mean is they 390 00:20:04,240 --> 00:20:05,880 Speaker 1: just went up and down, up and down, up and down, 391 00:20:05,880 --> 00:20:09,120 Speaker 1: with stayed in like a very a range for about 392 00:20:09,200 --> 00:20:14,159 Speaker 1: three months, and then they blasted off even higher. If 393 00:20:14,200 --> 00:20:17,680 Speaker 1: I had to give UM, if I had to consult 394 00:20:17,720 --> 00:20:20,320 Speaker 1: my crystal ball, if I had one, which I don't 395 00:20:20,600 --> 00:20:22,359 Speaker 1: but I wish I did, it would make these things easier. 396 00:20:22,359 --> 00:20:23,840 Speaker 1: But if I had to consult the crystal ball, what 397 00:20:23,840 --> 00:20:26,320 Speaker 1: I would probably expect it to tell me is we 398 00:20:26,400 --> 00:20:29,960 Speaker 1: might see something similar to that. So maybe the Fed 399 00:20:30,040 --> 00:20:33,280 Speaker 1: signals that they're going to be hawkish. Um, you know, 400 00:20:33,320 --> 00:20:37,160 Speaker 1: they're gonna be really strong on inflation. But then they're 401 00:20:37,160 --> 00:20:40,679 Speaker 1: gonna probably walk that back. And you know, if we 402 00:20:40,760 --> 00:20:43,520 Speaker 1: look at if we look at this, so they haven't 403 00:20:43,520 --> 00:20:47,199 Speaker 1: even done anything yet. All they all they did is 404 00:20:47,359 --> 00:20:51,520 Speaker 1: say they were going to do something, and already we 405 00:20:51,600 --> 00:20:55,000 Speaker 1: have this giant sell off in the markets. Imagine if 406 00:20:55,040 --> 00:21:00,399 Speaker 1: they really actually do something, what happens now? Um, the 407 00:21:00,440 --> 00:21:03,399 Speaker 1: Fed feels like they have to act because we have 408 00:21:03,480 --> 00:21:07,520 Speaker 1: midterms coming up and inflation is raging high, and um, 409 00:21:07,560 --> 00:21:10,119 Speaker 1: everybody is upset over inflation. And if they don't do 410 00:21:10,200 --> 00:21:12,400 Speaker 1: something about it, you know, the election may not do good. 411 00:21:12,400 --> 00:21:16,080 Speaker 1: But what happens if everybody's stock portfolio crashes? What happens 412 00:21:16,080 --> 00:21:17,960 Speaker 1: if the value of your home plunges? I think people 413 00:21:18,000 --> 00:21:20,640 Speaker 1: would be pretty unhappy about that as well. And so 414 00:21:20,720 --> 00:21:25,160 Speaker 1: they can't allow that to happen. They're really stuck. But um, 415 00:21:25,280 --> 00:21:27,399 Speaker 1: we'll see. Like I said, I'm sitting here trying to 416 00:21:27,440 --> 00:21:29,160 Speaker 1: read a crystal ball that I don't have. I'm here 417 00:21:29,200 --> 00:21:31,040 Speaker 1: trying to read a mind of drone power that I 418 00:21:31,080 --> 00:21:33,760 Speaker 1: can't do. And so you know, all we can do 419 00:21:33,880 --> 00:21:36,800 Speaker 1: is just, uh is speculate. But what we can also 420 00:21:36,880 --> 00:21:43,040 Speaker 1: do is we can protect ourselves. Um, what did I say? 421 00:21:43,440 --> 00:21:46,000 Speaker 1: I can't remember what I said? Here, I said something 422 00:21:46,040 --> 00:21:47,840 Speaker 1: about since we can't read minds, we just have to 423 00:21:47,880 --> 00:21:49,840 Speaker 1: manage our risk. And so that's basically what we can do. 424 00:21:49,880 --> 00:21:54,880 Speaker 1: Since we don't know what the future holds, I said, Uh, 425 00:21:55,040 --> 00:21:59,760 Speaker 1: the key to successful investing is managing risk, not trying 426 00:21:59,800 --> 00:22:04,720 Speaker 1: to be a psychic. I can't. I can't be a psychic. So, um, 427 00:22:04,760 --> 00:22:06,560 Speaker 1: we have to manage the risk. So if I'm looking 428 00:22:06,560 --> 00:22:08,520 Speaker 1: at the markets right now, I would say that, you know, 429 00:22:08,560 --> 00:22:11,600 Speaker 1: we can potentially on the stocks, you know, maybe bounce 430 00:22:11,640 --> 00:22:14,240 Speaker 1: back up about six but we have maybe another on 431 00:22:14,280 --> 00:22:15,879 Speaker 1: the downside, so you want to manage that risk. But 432 00:22:15,920 --> 00:22:19,040 Speaker 1: back to bitcoin and cryptocurrencies. UM, I would look at 433 00:22:19,080 --> 00:22:21,040 Speaker 1: bitcoin and cryptocurrencies. Now, what's interesting, there's a lot of 434 00:22:21,040 --> 00:22:23,560 Speaker 1: people wanted to know when the top of the of 435 00:22:23,640 --> 00:22:26,480 Speaker 1: this market cycle would be, and a lot of people 436 00:22:26,480 --> 00:22:29,840 Speaker 1: have speculated that. UM looking at having cycles. So if 437 00:22:29,880 --> 00:22:32,480 Speaker 1: you're not familiar with that, about every four years, the 438 00:22:32,520 --> 00:22:36,040 Speaker 1: amount of new bitcoin being created gets cut in half. 439 00:22:36,200 --> 00:22:38,879 Speaker 1: That's called a having cycle. And so you know, like 440 00:22:38,920 --> 00:22:41,000 Speaker 1: all things, that moves on supply and demand. So if 441 00:22:41,040 --> 00:22:45,160 Speaker 1: you have if you have the same amount of people 442 00:22:45,600 --> 00:22:48,879 Speaker 1: wanting bitcoin, the demand is the same, and then you 443 00:22:48,960 --> 00:22:51,760 Speaker 1: cut the supply in half, then you would expect that 444 00:22:51,760 --> 00:22:53,399 Speaker 1: the price would go up. You have the same amount 445 00:22:53,400 --> 00:22:55,919 Speaker 1: of people chasing less goods and services. What happens if 446 00:22:55,960 --> 00:22:59,280 Speaker 1: you get more people chasing less goods and services than 447 00:22:59,280 --> 00:23:01,080 Speaker 1: the price, that moves it even more. And so every 448 00:23:01,080 --> 00:23:03,280 Speaker 1: four years the amount of new bitcoin being created on 449 00:23:03,320 --> 00:23:06,280 Speaker 1: a daily basis cuts in half. And so we've only 450 00:23:06,320 --> 00:23:07,880 Speaker 1: had a few of these cycles, so we don't really 451 00:23:07,880 --> 00:23:11,000 Speaker 1: have anything empirical. We don't have anything, you know, uh, 452 00:23:11,160 --> 00:23:12,520 Speaker 1: we don't have a ton of his story call data 453 00:23:12,560 --> 00:23:14,119 Speaker 1: to look at. But when we look at these past 454 00:23:14,400 --> 00:23:18,840 Speaker 1: Having cycles, what we see is that about approximately eighteen 455 00:23:19,000 --> 00:23:24,520 Speaker 1: months after the Having cycle is the peak. And um, 456 00:23:24,560 --> 00:23:30,680 Speaker 1: the last Having cycle was May of So what's that 457 00:23:32,320 --> 00:23:36,520 Speaker 1: if you if you add that up from May I 458 00:23:36,560 --> 00:23:38,440 Speaker 1: was just getting out my fingers, sorry for the pause. 459 00:23:38,880 --> 00:23:43,159 Speaker 1: May to May is twelve months, and from May to 460 00:23:43,240 --> 00:23:48,760 Speaker 1: November six months, So six plus twelve equals eighteen Who 461 00:23:48,760 --> 00:23:52,080 Speaker 1: would have thought that? Now Michael Sailor told us that 462 00:23:52,160 --> 00:23:58,080 Speaker 1: all our models are destroyed. Maybe maybe not. Time will tell. Now, 463 00:23:58,160 --> 00:24:00,800 Speaker 1: nobody can tell the top of a market or the 464 00:24:00,800 --> 00:24:05,200 Speaker 1: bottom of the market until we're looking backwards on it. Alright, 465 00:24:05,240 --> 00:24:08,560 Speaker 1: so we don't know. Um. Now bitcoin is down about 466 00:24:08,640 --> 00:24:13,960 Speaker 1: forty five from its all time high, which in May 467 00:24:14,080 --> 00:24:20,600 Speaker 1: of last year it was down. Soft drops aren't that 468 00:24:20,720 --> 00:24:23,800 Speaker 1: uncommon as a matter of fact, Um, they're They're not 469 00:24:23,920 --> 00:24:27,200 Speaker 1: uncommon a bitcoin at all. UM. Drops seem to happen 470 00:24:27,240 --> 00:24:29,720 Speaker 1: almost like on a monthly basis. UM. And if you 471 00:24:29,720 --> 00:24:31,879 Speaker 1: look at us, UM, any of the big tech stalks, 472 00:24:31,920 --> 00:24:35,960 Speaker 1: like look at Amazon for example, UM, Amazon's dropped I 473 00:24:36,000 --> 00:24:40,080 Speaker 1: think eight times it's dropped. I want to say two 474 00:24:40,160 --> 00:24:41,919 Speaker 1: or three times. I don't have the exact number in 475 00:24:41,920 --> 00:24:44,040 Speaker 1: front of you. UM. And so when you're looking at 476 00:24:44,080 --> 00:24:47,200 Speaker 1: a you know, groundbreaking you know, I don't want to 477 00:24:47,200 --> 00:24:51,000 Speaker 1: say revolutionary technology, Amazon's not, but it's a groundbreaking new company, 478 00:24:51,000 --> 00:24:53,520 Speaker 1: you know e commerce that lead that niche Yeah, I 479 00:24:53,520 --> 00:24:57,880 Speaker 1: mean it's Vlatil dropped you know two or three times. Um. 480 00:24:57,920 --> 00:25:01,600 Speaker 1: And so you know, Bitcoin throughout its live and cryptocurrencies 481 00:25:01,920 --> 00:25:04,920 Speaker 1: on these on these kind of bear markets, it typically 482 00:25:04,920 --> 00:25:10,080 Speaker 1: would drop, you know, and then it's now maybe the 483 00:25:10,640 --> 00:25:13,560 Speaker 1: drops is what we have, but there could be more. 484 00:25:13,600 --> 00:25:17,520 Speaker 1: Now if I'm looking at cryptocurrencies overall, UM, we see 485 00:25:17,600 --> 00:25:21,960 Speaker 1: that um the other cryptocurrencies, and I like to specify bitcoin, 486 00:25:22,440 --> 00:25:26,200 Speaker 1: not crypto. So we look at bitcoin as one unit, 487 00:25:26,359 --> 00:25:29,040 Speaker 1: and then we look at all the other cryptocurrencies kind 488 00:25:29,040 --> 00:25:32,159 Speaker 1: of together. And some of you might be triggered by that. 489 00:25:32,520 --> 00:25:34,560 Speaker 1: Sorry by the way, you're listening to the Mark Moa 490 00:25:34,600 --> 00:25:37,439 Speaker 1: Show and we're talking about bitcoin and cryptocurrencies and so um. 491 00:25:37,480 --> 00:25:39,680 Speaker 1: If we look at Bitcoin, we can see, like I said, 492 00:25:39,680 --> 00:25:42,520 Speaker 1: we're down about off of its all time high. But 493 00:25:42,520 --> 00:25:45,480 Speaker 1: but the everything below that, if you look at all 494 00:25:45,520 --> 00:25:49,160 Speaker 1: the fifteen thousand cryptocurrencies and everything from number two down, 495 00:25:49,840 --> 00:25:53,960 Speaker 1: they're all basically fighting against each other. And what we've 496 00:25:53,960 --> 00:25:56,800 Speaker 1: seen is we've seen this super hyped up narrative coins, 497 00:25:57,160 --> 00:26:01,840 Speaker 1: the dodge coins, the dog coins, the salont on the coins, etcetera. Um, 498 00:26:01,880 --> 00:26:05,160 Speaker 1: they've been super hyped up and we've seen all of them. 499 00:26:05,160 --> 00:26:06,440 Speaker 1: And if you look at you know, most of the 500 00:26:06,480 --> 00:26:11,880 Speaker 1: coins in the top ten, um, they're all downe um 501 00:26:11,880 --> 00:26:14,680 Speaker 1: compared to Bitcoin, you know, down now. Part of that 502 00:26:14,760 --> 00:26:16,920 Speaker 1: is because those also maybe went up a lot more, 503 00:26:17,800 --> 00:26:21,520 Speaker 1: but they've basically done what we would call a round trip. 504 00:26:21,840 --> 00:26:23,560 Speaker 1: And this is a key piece if you're looking at 505 00:26:23,600 --> 00:26:26,280 Speaker 1: trading and and things like that, which I don't advise, 506 00:26:26,680 --> 00:26:29,080 Speaker 1: but they've basically gone all the way up and they're 507 00:26:29,119 --> 00:26:31,400 Speaker 1: all the way back down to where they were about August, 508 00:26:33,160 --> 00:26:35,800 Speaker 1: and so maybe that's actually a good sign. A lot 509 00:26:35,880 --> 00:26:37,399 Speaker 1: of you may be wanting to know, is now the 510 00:26:37,480 --> 00:26:41,120 Speaker 1: time to buy? Is now the time to buy? Or 511 00:26:41,280 --> 00:26:45,240 Speaker 1: Mark is there is there going to be more price drop? 512 00:26:45,280 --> 00:26:47,320 Speaker 1: Should I wait? Should I buy now? Or should I wait? 513 00:26:48,320 --> 00:26:51,160 Speaker 1: It's funny because whenever the price is making new all 514 00:26:51,200 --> 00:26:55,440 Speaker 1: time highs um, I got friends coming out of the woodwork, 515 00:26:55,480 --> 00:26:58,560 Speaker 1: people maybe haven't talked to five six years, or messaging me, 516 00:26:58,600 --> 00:27:01,040 Speaker 1: texting me or emailing me, hey, should I buy? Should 517 00:27:01,040 --> 00:27:02,880 Speaker 1: I buy? They want to buy one it's at the peak, 518 00:27:03,040 --> 00:27:05,560 Speaker 1: but whenever it drops down here then they don't seem 519 00:27:05,600 --> 00:27:08,040 Speaker 1: to want to buy. But the question is is should 520 00:27:08,080 --> 00:27:11,160 Speaker 1: you buy now? Should you buy cryptocurrencies or bitcoin now? 521 00:27:12,359 --> 00:27:14,679 Speaker 1: Or based off of what the Fed is doing? Should 522 00:27:14,680 --> 00:27:18,359 Speaker 1: we wait? Could we wait for a better time to buy? 523 00:27:18,560 --> 00:27:20,480 Speaker 1: And actually, I'm going to tell you that I'm gonna 524 00:27:20,480 --> 00:27:22,520 Speaker 1: consult my Crystal Ball and I'm gonna give you the 525 00:27:22,560 --> 00:27:25,320 Speaker 1: answer to that question. Tell you what I think should 526 00:27:25,359 --> 00:27:27,719 Speaker 1: you buy bitcoin and cryptocurrencies right now? What you should expect. 527 00:27:27,960 --> 00:27:30,320 Speaker 1: Listen to the Mark Mo Show talking about these topics. 528 00:27:30,760 --> 00:27:32,280 Speaker 1: I'm gonna come back and tell you the answer that 529 00:27:32,359 --> 00:27:35,159 Speaker 1: question in a second, so do not go away. Hey, everyone, 530 00:27:35,200 --> 00:27:37,840 Speaker 1: welcome back to the Mark Moa Show. While we're talking 531 00:27:37,880 --> 00:27:42,240 Speaker 1: about bitcoin and cryptocurrencies and this decentralized revolution that's happening, 532 00:27:42,240 --> 00:27:46,520 Speaker 1: and I've just spent the last few minutes, most of 533 00:27:46,560 --> 00:27:50,840 Speaker 1: this hour talking about the Federal Reserve Jerome Poal, who 534 00:27:50,840 --> 00:27:53,280 Speaker 1: heads the Federal Reserve, the Central Bank of the United States, 535 00:27:53,720 --> 00:27:57,800 Speaker 1: and how they're basically wrecking the world and how the 536 00:27:57,800 --> 00:28:00,240 Speaker 1: whole world is hanging on their every word word to 537 00:28:00,240 --> 00:28:02,600 Speaker 1: wonder what the price of their gas will be, and 538 00:28:02,640 --> 00:28:04,480 Speaker 1: how much their steak will be, and how much their 539 00:28:04,480 --> 00:28:06,560 Speaker 1: home will be worth, and what will bitcoin be worth 540 00:28:06,640 --> 00:28:13,119 Speaker 1: as well. And I I made the point that that's ridiculous. 541 00:28:13,960 --> 00:28:17,720 Speaker 1: I mean, I'm laughing about it just thinking about how ridiculous. 542 00:28:17,800 --> 00:28:19,679 Speaker 1: I mean, if you just just look at that from 543 00:28:19,720 --> 00:28:22,760 Speaker 1: the outside for a second, the fact that one person 544 00:28:22,880 --> 00:28:27,360 Speaker 1: or one group of people have the power to make 545 00:28:27,400 --> 00:28:31,679 Speaker 1: you rich or poor. You have no privy to that 546 00:28:31,760 --> 00:28:35,520 Speaker 1: information that they have. I don't, and I study this 547 00:28:35,840 --> 00:28:38,680 Speaker 1: and you don't. So you're out there doing your best. 548 00:28:39,040 --> 00:28:43,920 Speaker 1: You know, you're working hard. You're saving your money, you're 549 00:28:44,000 --> 00:28:47,520 Speaker 1: you're you know, maybe you're starting a business. You've sacrificed 550 00:28:47,520 --> 00:28:49,880 Speaker 1: your life savings for this business. You're putting your blood, sweat, 551 00:28:49,880 --> 00:28:52,440 Speaker 1: and tears into it. You're sacrificing time with your family 552 00:28:52,680 --> 00:28:55,800 Speaker 1: so you can do this business. And you're doing the 553 00:28:55,800 --> 00:28:58,960 Speaker 1: best that you can with the information that you have available. 554 00:28:59,520 --> 00:29:01,200 Speaker 1: You look at the price of money, you look at 555 00:29:01,240 --> 00:29:04,640 Speaker 1: interest rates, you look at inflation, you look at the demand. Yes, 556 00:29:04,760 --> 00:29:07,360 Speaker 1: I think people want this product. Yes, I think it's 557 00:29:07,440 --> 00:29:10,960 Speaker 1: worth the risk. I know. I know businesses fail. I 558 00:29:11,000 --> 00:29:14,680 Speaker 1: get that, but I'm gonna take this chance because I 559 00:29:14,800 --> 00:29:16,400 Speaker 1: need to get ahead for my family. And you do 560 00:29:16,440 --> 00:29:18,400 Speaker 1: the best that you can. Or or you're working a 561 00:29:18,480 --> 00:29:20,600 Speaker 1: job and you're saving your money and you're putting it 562 00:29:20,600 --> 00:29:24,040 Speaker 1: into your retirement account, doing the best that you can. 563 00:29:25,640 --> 00:29:28,600 Speaker 1: But there's a group of people in Washington that have 564 00:29:28,760 --> 00:29:32,360 Speaker 1: all the power over your life, and it has you 565 00:29:32,440 --> 00:29:36,000 Speaker 1: have zero control over it. There's nothing that you can do. 566 00:29:36,560 --> 00:29:40,280 Speaker 1: You can either one not do anything, so you could 567 00:29:40,280 --> 00:29:42,520 Speaker 1: not save and you could not invest, and you're just 568 00:29:42,520 --> 00:29:44,720 Speaker 1: gonna fall further and further behind because the amount of 569 00:29:44,720 --> 00:29:47,560 Speaker 1: money they're printing their debasing the currency so fast that 570 00:29:47,640 --> 00:29:50,800 Speaker 1: you can't afford to live off your wages anymore. You'll 571 00:29:50,840 --> 00:29:54,120 Speaker 1: never retire. So you have to You have to play 572 00:29:54,160 --> 00:29:57,240 Speaker 1: the game. It's a game of musical chairs. You played 573 00:29:57,240 --> 00:29:58,600 Speaker 1: that when you're a kid, right, You go round and 574 00:29:58,680 --> 00:30:00,920 Speaker 1: round and round on the chairs. When whenever the person 575 00:30:00,960 --> 00:30:02,520 Speaker 1: decides to stop the music, you have to sit down. 576 00:30:02,560 --> 00:30:04,760 Speaker 1: But there's not enough charish for everyone. And so you 577 00:30:04,880 --> 00:30:07,920 Speaker 1: have to play the game because if you don't get 578 00:30:07,960 --> 00:30:11,320 Speaker 1: left bhy. So if you play, the problem is that 579 00:30:11,680 --> 00:30:15,440 Speaker 1: Jerome power if Illow Reserve, they worked the music. They 580 00:30:15,560 --> 00:30:17,800 Speaker 1: dump eight trillion dollars into the economy over the last 581 00:30:17,800 --> 00:30:20,360 Speaker 1: twenty four months. The market shoots up higher, real estate 582 00:30:20,360 --> 00:30:24,200 Speaker 1: goes higher, businesses go higher. Everything's great, and then they 583 00:30:24,240 --> 00:30:26,520 Speaker 1: just sucked the money right back out. They don't tell 584 00:30:26,560 --> 00:30:30,920 Speaker 1: you when you have no control over that. And that's 585 00:30:30,960 --> 00:30:35,400 Speaker 1: not okay. That's what bitcoin fixes. Now. Yes, bitcoin goes 586 00:30:35,480 --> 00:30:37,600 Speaker 1: up and down. The US dollar value goes up and 587 00:30:37,640 --> 00:30:40,520 Speaker 1: down as well, But that's not that's not what I'm 588 00:30:40,520 --> 00:30:43,520 Speaker 1: talking about. Bitcoin takes away the ability of any person 589 00:30:43,600 --> 00:30:46,880 Speaker 1: to control the money supply. It's not about it's not 590 00:30:46,920 --> 00:30:49,120 Speaker 1: about taking the money, taking the power away from Jerome 591 00:30:49,120 --> 00:30:51,000 Speaker 1: Power or the FED. It's not It's not about giving 592 00:30:51,040 --> 00:30:53,040 Speaker 1: it to somebody else. It's not about where we should 593 00:30:53,120 --> 00:30:54,880 Speaker 1: vote on it. It's not about where we have a 594 00:30:54,920 --> 00:30:59,320 Speaker 1: different group controlling it. It's about nobody controlling it. It's 595 00:30:59,320 --> 00:31:03,160 Speaker 1: about nobody being able to influence it or increase the 596 00:31:03,160 --> 00:31:05,760 Speaker 1: money supply or decrease the money supply. That's what inflation is. 597 00:31:05,920 --> 00:31:08,560 Speaker 1: Inflation is not the prices going up and down. Inflation 598 00:31:08,600 --> 00:31:14,040 Speaker 1: is the amount of money increasing or decreasing. So um, anyway, 599 00:31:14,120 --> 00:31:15,880 Speaker 1: that's my rant. Let's go back to what I said. 600 00:31:15,920 --> 00:31:18,160 Speaker 1: I consulted my crystal ball while we're on commercial break, 601 00:31:18,680 --> 00:31:21,480 Speaker 1: and I asked the crystal ball, should you buy bitcoin 602 00:31:21,560 --> 00:31:24,239 Speaker 1: now or should you wait? So let me give you 603 00:31:24,240 --> 00:31:26,800 Speaker 1: the what they what they told me, They said, it 604 00:31:26,840 --> 00:31:31,640 Speaker 1: depends what what kind of answer is that? Well, it 605 00:31:31,680 --> 00:31:33,840 Speaker 1: depends on you. It depends on what kind of person 606 00:31:33,880 --> 00:31:35,080 Speaker 1: you are. So let me give you some framework to 607 00:31:35,080 --> 00:31:37,840 Speaker 1: think about this. So a couple of ways I'd look 608 00:31:37,880 --> 00:31:40,840 Speaker 1: at it, um, Because I don't really have a crystal 609 00:31:40,840 --> 00:31:42,440 Speaker 1: ball and I don't really know what the future holds. 610 00:31:42,480 --> 00:31:45,720 Speaker 1: There's a few things I would say. One Um, the 611 00:31:45,760 --> 00:31:48,800 Speaker 1: price of bitcoin has continued to march higher every single year. 612 00:31:48,800 --> 00:31:51,840 Speaker 1: So since its inception over a decade ago, every single 613 00:31:51,920 --> 00:31:55,680 Speaker 1: year the lowest point has always been higher every year. 614 00:31:56,560 --> 00:31:58,640 Speaker 1: And so instead of always looking at where we are 615 00:31:58,680 --> 00:32:00,800 Speaker 1: from the highest point, look where we are making progress 616 00:32:00,800 --> 00:32:02,959 Speaker 1: on the lowest point. So you could have pretty much 617 00:32:02,960 --> 00:32:04,680 Speaker 1: bought it any point in time except for the last 618 00:32:05,040 --> 00:32:09,360 Speaker 1: thirty days and be in profit. Um And so that's 619 00:32:09,400 --> 00:32:10,680 Speaker 1: when we look at it. And so a lot of 620 00:32:10,720 --> 00:32:12,560 Speaker 1: it depends on your time frame. What you're looking for. 621 00:32:13,120 --> 00:32:15,840 Speaker 1: If you're putting money away that you want to say 622 00:32:15,920 --> 00:32:18,520 Speaker 1: for retirement, and that's a long time frame five years 623 00:32:18,600 --> 00:32:21,160 Speaker 1: or more. For me, I'm looking at ways I can 624 00:32:21,160 --> 00:32:23,320 Speaker 1: lock my bitcoin up and trust so my kids can't 625 00:32:23,320 --> 00:32:26,040 Speaker 1: even sell it. It's gonna and my grandkids can't even 626 00:32:26,040 --> 00:32:27,880 Speaker 1: sell it. So that's my time frame. But depending on 627 00:32:27,920 --> 00:32:29,560 Speaker 1: what your time frame is, I would say a couple 628 00:32:29,600 --> 00:32:34,400 Speaker 1: of things. Either one the best, the answer that's going 629 00:32:34,480 --> 00:32:36,320 Speaker 1: to be the safest for you is to do something 630 00:32:36,360 --> 00:32:40,040 Speaker 1: called dollar cost averaging d c A. And what that 631 00:32:40,080 --> 00:32:43,040 Speaker 1: means is let's say that you have, um, you know, 632 00:32:43,320 --> 00:32:45,720 Speaker 1: a thousand dollars to put the bitcoin, or ten thousand 633 00:32:45,760 --> 00:32:48,280 Speaker 1: dollars or a million dollars whatever you have. Instead of 634 00:32:48,320 --> 00:32:50,880 Speaker 1: putting all of that in in a lump sum, what 635 00:32:50,960 --> 00:32:52,600 Speaker 1: you do is you break it apart. Then you break 636 00:32:52,600 --> 00:32:54,600 Speaker 1: it into into pieces. And so you say, I have 637 00:32:54,640 --> 00:32:56,800 Speaker 1: a thousand bucks, so I'm gonna put twenty five bucks 638 00:32:56,840 --> 00:32:59,560 Speaker 1: in every Friday, and you can use a platform like 639 00:32:59,600 --> 00:33:02,600 Speaker 1: swan bitcoin and they can set up that like a 640 00:33:03,160 --> 00:33:06,040 Speaker 1: a reoccurring by really easy for you. Um so go 641 00:33:06,080 --> 00:33:08,200 Speaker 1: to swaan bitcoin. It's super easy to use like an app. 642 00:33:08,240 --> 00:33:09,880 Speaker 1: You can say I want to buy ten bucks every 643 00:33:09,880 --> 00:33:12,280 Speaker 1: Friday and just automatically does that for you. That's one 644 00:33:12,280 --> 00:33:13,480 Speaker 1: way to do it. You could do it every friday, 645 00:33:13,680 --> 00:33:15,200 Speaker 1: it every every two weeks when you get your paycheck, 646 00:33:15,480 --> 00:33:17,400 Speaker 1: once a month, once a quarter, or whateveryone. And so 647 00:33:17,400 --> 00:33:18,880 Speaker 1: that's that's the that's the one way to do. What 648 00:33:18,920 --> 00:33:20,680 Speaker 1: happens is let's say that you start buying now at 649 00:33:20,680 --> 00:33:22,520 Speaker 1: thirty seven, thirty eight thousand, and then it goes down 650 00:33:22,560 --> 00:33:23,960 Speaker 1: to thirty five while you buy a little more and 651 00:33:23,960 --> 00:33:25,280 Speaker 1: it goes at the thirty and then let's say, let's 652 00:33:25,280 --> 00:33:27,000 Speaker 1: say it goes all the way down to twenty, so 653 00:33:27,040 --> 00:33:28,840 Speaker 1: you buy some more twenties. So then what happens is 654 00:33:28,840 --> 00:33:31,080 Speaker 1: you bought some at thirty. Let's say for easy numbers, 655 00:33:31,200 --> 00:33:33,520 Speaker 1: let's say you bought some at forty. You bought you 656 00:33:33,560 --> 00:33:35,680 Speaker 1: bought a hundred dollars worth at forty, and then you 657 00:33:35,680 --> 00:33:38,680 Speaker 1: bought a hundred dollars worth at thirty, or let's call 658 00:33:38,720 --> 00:33:42,600 Speaker 1: it a hundred dollars at twenty, So a hundred at forty. Well, 659 00:33:42,600 --> 00:33:45,960 Speaker 1: now you average that, So now you're blended. Cost of 660 00:33:46,000 --> 00:33:49,640 Speaker 1: your bitcoin is now thirty thousand. So if you're afraid 661 00:33:49,800 --> 00:33:52,440 Speaker 1: or you think that bitcoin could continue going down, then 662 00:33:52,560 --> 00:33:54,800 Speaker 1: dollar cost average and take the amount of money you 663 00:33:54,840 --> 00:33:56,760 Speaker 1: want to put in now. Typically that would be a percentage. 664 00:33:57,200 --> 00:33:59,800 Speaker 1: So you may decide that you want to put five 665 00:34:00,080 --> 00:34:04,120 Speaker 1: percent of your total investible assets into bitcoin, but instead 666 00:34:04,120 --> 00:34:05,560 Speaker 1: of putting it all in at once, you break it 667 00:34:05,600 --> 00:34:07,360 Speaker 1: apart and you put it on a weekly basis or 668 00:34:07,360 --> 00:34:10,640 Speaker 1: bi weekly or monthly basis. That's that's number one. UM. 669 00:34:10,680 --> 00:34:12,480 Speaker 1: But for some of you who don't have the patience 670 00:34:12,480 --> 00:34:14,560 Speaker 1: for that, I don't have the time for that. UM. 671 00:34:14,640 --> 00:34:17,040 Speaker 1: I think now is a pretty good price. Now, UM, 672 00:34:17,160 --> 00:34:20,120 Speaker 1: we're down about a fifty percent retracement. Historically, a fifty 673 00:34:20,120 --> 00:34:22,239 Speaker 1: percent retracement has been pretty good. Like I said, in 674 00:34:22,280 --> 00:34:25,439 Speaker 1: May one. We got that. Um. When we look at 675 00:34:25,760 --> 00:34:27,680 Speaker 1: some other metrics, that looks like it can be pretty good, 676 00:34:27,719 --> 00:34:31,319 Speaker 1: but we don't know what the Federal Reserve is gonna do. 677 00:34:32,600 --> 00:34:37,160 Speaker 1: That's the whole problem. What happens is whenever the Fed 678 00:34:37,480 --> 00:34:41,320 Speaker 1: sucks the liquidity out, than anything that's liquid becomes liquidity. 679 00:34:41,440 --> 00:34:42,600 Speaker 1: So what do I mean by that? If you go 680 00:34:42,600 --> 00:34:47,880 Speaker 1: back to the two thou great financial crash, you see that, um, 681 00:34:47,920 --> 00:34:52,760 Speaker 1: the whole market sold off, right, stocks sold off six gold. 682 00:34:53,320 --> 00:34:56,160 Speaker 1: Gold is supposed to be the chaos hedge. Right, it's 683 00:34:56,160 --> 00:34:58,719 Speaker 1: supposed to be the opposite. Well, what gold sold off 684 00:34:58,760 --> 00:35:01,680 Speaker 1: as well, But the different says when when the markets 685 00:35:01,719 --> 00:35:05,160 Speaker 1: sold off six, gold only sold off about But that's 686 00:35:05,160 --> 00:35:07,960 Speaker 1: only part of the part of the equation. What actually 687 00:35:08,000 --> 00:35:11,200 Speaker 1: happened is that gold rebounded almost immediately and within seven 688 00:35:11,200 --> 00:35:13,840 Speaker 1: months had reclaimed it's all time high. It took the 689 00:35:13,840 --> 00:35:18,279 Speaker 1: stock markets seven years, and gold went on to make 690 00:35:18,440 --> 00:35:20,560 Speaker 1: crazy new all time eyes where the stock didn't. And 691 00:35:20,560 --> 00:35:23,400 Speaker 1: if we look at March, the same thing happened. Everything 692 00:35:23,480 --> 00:35:28,200 Speaker 1: sold off in March, everything including bitcoin, including gold. But 693 00:35:29,760 --> 00:35:35,160 Speaker 1: bitcoin rebounded from thirty eight hundred to seventy thousand. Gold 694 00:35:35,360 --> 00:35:37,600 Speaker 1: rebounded and shot to new all time highs as well. 695 00:35:38,200 --> 00:35:42,520 Speaker 1: So while everything gets dragged down temporarily in a liquidity crisis, 696 00:35:42,840 --> 00:35:46,120 Speaker 1: it's what happens after liquidity crisis that matters. And so 697 00:35:46,600 --> 00:35:49,080 Speaker 1: while bitcoin is kind of at the whims of what 698 00:35:49,120 --> 00:35:51,040 Speaker 1: the Federal Reserve is gonna do, and I don't know 699 00:35:51,080 --> 00:35:53,760 Speaker 1: what your own pal is going to do next, I'm 700 00:35:53,880 --> 00:35:57,040 Speaker 1: guessing that they're going to pivot. I'm guessing that they 701 00:35:57,080 --> 00:36:00,399 Speaker 1: won't actually go through with all these great high I'm 702 00:36:00,440 --> 00:36:03,040 Speaker 1: guessing that they really don't want the markets to crash 703 00:36:03,120 --> 00:36:05,800 Speaker 1: because they just spent eight I'm sorry, eight trillion dollars 704 00:36:05,800 --> 00:36:07,840 Speaker 1: to prop them up. I don't think they would have 705 00:36:07,840 --> 00:36:09,680 Speaker 1: just spent eight trillion to let them go. Now, that's 706 00:36:09,719 --> 00:36:12,560 Speaker 1: my guests, because I don't know. So the answer to 707 00:36:12,600 --> 00:36:16,000 Speaker 1: the question should you buy bitcoin and cryptocurrencies now? For 708 00:36:16,080 --> 00:36:18,840 Speaker 1: bitcoin if you like it, uh, and you're afraid of 709 00:36:18,840 --> 00:36:21,680 Speaker 1: more drops dollar cost average in if you just want 710 00:36:21,680 --> 00:36:23,439 Speaker 1: to lump some buy I think it's a pretty darn 711 00:36:23,480 --> 00:36:26,440 Speaker 1: good price. You're buying cheaper than some of the smartest 712 00:36:26,480 --> 00:36:29,720 Speaker 1: guys in the world, um like Jack Dorsey from Twitter 713 00:36:29,800 --> 00:36:32,160 Speaker 1: and his company Block or for like Michael Sailor from 714 00:36:32,160 --> 00:36:35,880 Speaker 1: strategy or like the nation of El Salvador. So if 715 00:36:35,880 --> 00:36:38,200 Speaker 1: you can buy cheaper than they bought, that's a pretty 716 00:36:38,200 --> 00:36:42,160 Speaker 1: good entry in my opinion. Um so maybe the lump 717 00:36:42,200 --> 00:36:44,120 Speaker 1: some by if you're in that camp, if you're afraid 718 00:36:44,120 --> 00:36:45,920 Speaker 1: that's gonna go down, then dollar cost average in as 719 00:36:45,960 --> 00:36:48,879 Speaker 1: far as the cryptocurrencies, man, if anybody's gamble, the top 720 00:36:48,920 --> 00:36:50,719 Speaker 1: ten rotate all the time, and who knows what we're 721 00:36:50,719 --> 00:36:53,439 Speaker 1: gonna be the next next ones. Um at the top ten, 722 00:36:53,680 --> 00:36:56,160 Speaker 1: So close your eyes through a dart and have fun 723 00:36:56,200 --> 00:36:58,279 Speaker 1: with that. You're listening to the Mark Moa Show. We're 724 00:36:58,280 --> 00:37:01,799 Speaker 1: talking about bitcoin and cryptocurrencies and the decentralized revolution. We're 725 00:37:01,840 --> 00:37:03,880 Speaker 1: talked about the FED and what they're doing. Hope you 726 00:37:04,000 --> 00:37:05,200 Speaker 1: enjoyed it. Thanks for listening.