1 00:00:00,040 --> 00:00:02,600 Speaker 1: Hello, and welcome to the Mark Moa Show, where I 2 00:00:02,640 --> 00:00:06,320 Speaker 1: am bringing to you the latest information on bitcoin, cryptocurrencies, 3 00:00:06,320 --> 00:00:10,800 Speaker 1: and the decentralized revolution each and every week. Ah, this 4 00:00:10,880 --> 00:00:12,639 Speaker 1: is the most important part of your week. This is 5 00:00:12,680 --> 00:00:14,400 Speaker 1: the part of the week that you do not want 6 00:00:14,440 --> 00:00:18,639 Speaker 1: to miss because this is literally the biggest opportunity you 7 00:00:18,680 --> 00:00:21,159 Speaker 1: will ever have, you'll ever see in your lifetime, and 8 00:00:21,200 --> 00:00:24,680 Speaker 1: not just your lifetime, probably the biggest opportunity that people 9 00:00:24,680 --> 00:00:28,640 Speaker 1: will see in generations. It's that big. Now, as a 10 00:00:28,640 --> 00:00:33,319 Speaker 1: as a pretty much career long professional investor, we look 11 00:00:33,400 --> 00:00:36,680 Speaker 1: for something known as an asymmetric opportunity, means we have 12 00:00:36,760 --> 00:00:40,199 Speaker 1: more upside than downside. That's how you always think about investing. 13 00:00:40,440 --> 00:00:42,760 Speaker 1: And the best way to get that asymmetric upside is 14 00:00:42,800 --> 00:00:46,440 Speaker 1: to have a symmetric information. That means that you have 15 00:00:46,680 --> 00:00:50,680 Speaker 1: information that most people don't know about. And so that's 16 00:00:50,680 --> 00:00:52,239 Speaker 1: what I'm bringing to you each and every week. So 17 00:00:52,560 --> 00:00:54,120 Speaker 1: make sure to tune in if you can real quick. 18 00:00:54,200 --> 00:00:56,240 Speaker 1: Just go ahead and pull out your phone or whatever, 19 00:00:56,240 --> 00:00:58,279 Speaker 1: set a reminder to come back to the station at 20 00:00:58,320 --> 00:01:01,160 Speaker 1: this time and join in with me. Now we're gonna 21 00:01:01,160 --> 00:01:02,320 Speaker 1: dig right into it. I want to give you the the 22 00:01:02,360 --> 00:01:05,319 Speaker 1: information that you need. And the big news this week, 23 00:01:05,400 --> 00:01:09,640 Speaker 1: of course, is all time highs. We are back to 24 00:01:09,720 --> 00:01:13,760 Speaker 1: all time highs. We are seeing cryptocurrencies smashed through previous 25 00:01:13,840 --> 00:01:16,880 Speaker 1: all time highs and go into what we would call 26 00:01:17,120 --> 00:01:21,640 Speaker 1: uncharted territory. Now. I started out this show the first 27 00:01:21,680 --> 00:01:24,000 Speaker 1: episode we did and I had my good friend Alex 28 00:01:24,040 --> 00:01:28,240 Speaker 1: Gladstein on and the reason why I stated, um, and 29 00:01:28,280 --> 00:01:30,319 Speaker 1: if you missed that episode, go back and listen to it. 30 00:01:30,360 --> 00:01:31,600 Speaker 1: But the reason why I stated I want to have 31 00:01:31,640 --> 00:01:34,600 Speaker 1: Alex on for that show is because he is head 32 00:01:34,600 --> 00:01:38,640 Speaker 1: of the Human Rights Foundation and bitcoin is doing more 33 00:01:38,720 --> 00:01:42,320 Speaker 1: for human rights, global human rights than any other thing 34 00:01:42,520 --> 00:01:45,000 Speaker 1: we've ever seen happen in this world today. And I 35 00:01:45,040 --> 00:01:47,720 Speaker 1: wanted to put it um on the first episode, the 36 00:01:47,760 --> 00:01:51,560 Speaker 1: first show, because I wanted people to know that is 37 00:01:51,600 --> 00:01:53,400 Speaker 1: the most important thing. I didn't want to talk about 38 00:01:53,440 --> 00:01:56,320 Speaker 1: the price. I've continued to say that I think price 39 00:01:56,520 --> 00:01:59,720 Speaker 1: is a distraction. Of course, I've gone deep into that 40 00:02:00,200 --> 00:02:01,480 Speaker 1: um and I don't want to spend a lot of 41 00:02:01,480 --> 00:02:03,520 Speaker 1: time on that. If you've been tuning in every single week, 42 00:02:03,560 --> 00:02:05,760 Speaker 1: you've already heard that. But I do just want to 43 00:02:05,760 --> 00:02:08,680 Speaker 1: just kind of reiterate that before. Of course, we jump 44 00:02:08,720 --> 00:02:12,079 Speaker 1: in and talk about the price because everybody's excited. We 45 00:02:12,120 --> 00:02:16,239 Speaker 1: are sitting at all time highs again right now. Um. 46 00:02:16,280 --> 00:02:18,639 Speaker 1: As a matter of fact, we saw a bitcoin smashed 47 00:02:18,639 --> 00:02:22,079 Speaker 1: through its previous all time high that was set right 48 00:02:22,120 --> 00:02:26,720 Speaker 1: around sixty four, just under sixty five thousand, and in 49 00:02:27,200 --> 00:02:29,680 Speaker 1: last night's and early morning trading we got up as 50 00:02:29,720 --> 00:02:34,280 Speaker 1: high as sixties seven thousand U S. Dollars per bitcoin. 51 00:02:34,360 --> 00:02:37,440 Speaker 1: Now I've seen many people joking, um that you know, 52 00:02:38,880 --> 00:02:42,840 Speaker 1: the U. S. Government has printed about eight trillion dollars 53 00:02:42,840 --> 00:02:46,200 Speaker 1: over the last year, which means that your dollars buy less. 54 00:02:46,680 --> 00:02:51,160 Speaker 1: They inflated the money monetary supply by about so now 55 00:02:51,200 --> 00:02:56,240 Speaker 1: your dollars will buy about less goods and services. So 56 00:02:56,400 --> 00:02:59,120 Speaker 1: if we're adjusted for inflation, maybe we're not back up 57 00:02:59,160 --> 00:03:01,040 Speaker 1: to all time eyes. But we're not going to dig 58 00:03:01,080 --> 00:03:04,079 Speaker 1: too much into that right now. But we have smashed 59 00:03:04,080 --> 00:03:07,400 Speaker 1: that that previous all time high. Ethereum, the other big 60 00:03:07,680 --> 00:03:11,880 Speaker 1: token was up as high as forty three hundred, about 61 00:03:11,880 --> 00:03:14,680 Speaker 1: forty three seventy five and has now settled back down 62 00:03:14,720 --> 00:03:17,840 Speaker 1: about four thousand. Of course, that is taking us into 63 00:03:18,000 --> 00:03:22,040 Speaker 1: uncharted territory again. The price is a little bit of 64 00:03:22,080 --> 00:03:24,720 Speaker 1: a of a distraction. I don't dig super deep into this, 65 00:03:24,760 --> 00:03:28,119 Speaker 1: but just from pure technical analysis standpoint, which of course 66 00:03:28,120 --> 00:03:30,919 Speaker 1: technical analysis is used for people to try to kind 67 00:03:30,919 --> 00:03:33,880 Speaker 1: of forecast where these price movements are going. And you 68 00:03:33,880 --> 00:03:36,280 Speaker 1: would look at the price action, you look at the candles, 69 00:03:36,320 --> 00:03:39,280 Speaker 1: the bars, and then you would look at areas that 70 00:03:39,320 --> 00:03:42,560 Speaker 1: had support and resistance and things like that. Well, when 71 00:03:42,600 --> 00:03:45,800 Speaker 1: you get over the all time high, there is no 72 00:03:45,960 --> 00:03:49,320 Speaker 1: resistance above head, so there's nothing, there's no ceiling, and 73 00:03:49,360 --> 00:03:51,920 Speaker 1: so we get into what's known as a price discovery. 74 00:03:52,240 --> 00:03:55,360 Speaker 1: Anytime you have a new product, or really anything in 75 00:03:55,360 --> 00:03:59,400 Speaker 1: the free market, it goes through a process of price discovery, 76 00:04:00,200 --> 00:04:02,680 Speaker 1: no different if it was real estate or any other asset. 77 00:04:02,720 --> 00:04:05,200 Speaker 1: And basically what that is is the price needs to 78 00:04:05,240 --> 00:04:08,680 Speaker 1: find the equilibrium of what or or the kind of 79 00:04:08,680 --> 00:04:12,200 Speaker 1: the middle between what buyers want to pay for it 80 00:04:12,240 --> 00:04:15,480 Speaker 1: and what sellers are willing to sell it for. Of Course, 81 00:04:15,760 --> 00:04:19,040 Speaker 1: like all prices, they're driven by supply and demand. So 82 00:04:19,120 --> 00:04:21,960 Speaker 1: if you have more buyers, more people that want to buy, 83 00:04:22,080 --> 00:04:25,240 Speaker 1: then you do have people willing to sell, the price 84 00:04:25,320 --> 00:04:26,760 Speaker 1: is going to go up. Those buyers will have to 85 00:04:26,760 --> 00:04:29,479 Speaker 1: be willing to pay more um and likewise, the opposite 86 00:04:29,560 --> 00:04:31,320 Speaker 1: is true, and so we're above the all time high. 87 00:04:31,360 --> 00:04:34,400 Speaker 1: We're into that area known as UM. Like I said, 88 00:04:34,520 --> 00:04:38,800 Speaker 1: price discovery. Now you might have heard if you're paying attention, 89 00:04:38,839 --> 00:04:41,160 Speaker 1: and of course if not, don't worry, I got your back. 90 00:04:41,240 --> 00:04:43,080 Speaker 1: I'm bringing it to each and every week. But the 91 00:04:43,120 --> 00:04:46,240 Speaker 1: big news this week, the big, big, big, big news 92 00:04:47,080 --> 00:04:51,000 Speaker 1: was that we got a bitcoin e t F that 93 00:04:51,040 --> 00:04:53,480 Speaker 1: came out. It was released. Now, I believe it's been 94 00:04:54,680 --> 00:04:58,640 Speaker 1: seven or eight years now that Wall Street has been 95 00:04:58,680 --> 00:05:01,920 Speaker 1: trying to get a b bitcoin e t F into 96 00:05:01,960 --> 00:05:05,279 Speaker 1: the marketplace, like seven years. Dozens and dozens a dozen 97 00:05:05,440 --> 00:05:08,920 Speaker 1: of them have been submitted and continually have been denied 98 00:05:09,080 --> 00:05:12,119 Speaker 1: over and over and over again. And so it's really 99 00:05:12,120 --> 00:05:14,880 Speaker 1: big news at this point that we finally got a 100 00:05:14,920 --> 00:05:17,960 Speaker 1: bitcoin e t F to go through, And of course 101 00:05:18,120 --> 00:05:21,680 Speaker 1: that is part of what got the market so excited 102 00:05:21,720 --> 00:05:24,000 Speaker 1: and blew it wide open. Now, I would definitely not 103 00:05:24,080 --> 00:05:26,760 Speaker 1: say it was because of that UM. As a matter 104 00:05:26,800 --> 00:05:29,039 Speaker 1: of fact, you know, the price of bitcoin has been 105 00:05:29,120 --> 00:05:32,000 Speaker 1: on the rise ever since. I would say that it 106 00:05:32,160 --> 00:05:34,159 Speaker 1: might be more due to a few other things. But 107 00:05:34,240 --> 00:05:36,880 Speaker 1: that Bitcoin e t F is really big news, and 108 00:05:36,920 --> 00:05:40,080 Speaker 1: I want to dig into that UM I think there's 109 00:05:40,080 --> 00:05:41,719 Speaker 1: a lot of dangers in this e t F that 110 00:05:41,720 --> 00:05:43,800 Speaker 1: a lot of people aren't aware of. I think there's 111 00:05:43,839 --> 00:05:46,200 Speaker 1: a lot of dangers for individual people that they're not 112 00:05:46,240 --> 00:05:47,599 Speaker 1: aware of. I think there's a lot of dangers to 113 00:05:47,680 --> 00:05:50,279 Speaker 1: bitcoin UM that a lot of people aren't aware of. 114 00:05:50,600 --> 00:05:52,320 Speaker 1: So I want to spend some time talking about that 115 00:05:52,360 --> 00:05:54,880 Speaker 1: so you can navigate this correctly, not just for your 116 00:05:54,920 --> 00:05:58,760 Speaker 1: own investments, but also UM, so you can just understand 117 00:05:58,760 --> 00:06:01,080 Speaker 1: and how to sidestep this danger. But before we do that, 118 00:06:01,120 --> 00:06:02,640 Speaker 1: I just kind of want to dip back into kind 119 00:06:02,640 --> 00:06:05,760 Speaker 1: of this this price talk a little bit, because really 120 00:06:05,800 --> 00:06:08,400 Speaker 1: we saw that that previous all time high was set 121 00:06:08,400 --> 00:06:11,920 Speaker 1: back in April, so it's been basically, you know, since April, 122 00:06:12,000 --> 00:06:14,160 Speaker 1: we've we've been at that price level since we hit 123 00:06:14,200 --> 00:06:17,560 Speaker 1: that all time high of about sixty UM in April. 124 00:06:17,640 --> 00:06:21,520 Speaker 1: We then watched the market plunge right from there and 125 00:06:21,560 --> 00:06:24,840 Speaker 1: it got down, you know, dropped about fifty down into 126 00:06:24,839 --> 00:06:27,600 Speaker 1: the thirty thousand range, and then it kind of bounced 127 00:06:27,720 --> 00:06:29,800 Speaker 1: up and kind of sat in this like thirty two 128 00:06:29,839 --> 00:06:32,279 Speaker 1: to thirty five thousand dollar range for a couple of months, 129 00:06:33,000 --> 00:06:39,160 Speaker 1: basically from May eighteenth till about you know June, so 130 00:06:39,320 --> 00:06:41,520 Speaker 1: about six weeks it kind of sat in that range, 131 00:06:41,560 --> 00:06:44,760 Speaker 1: and I think, um, it's an understanding why the price 132 00:06:44,800 --> 00:06:46,960 Speaker 1: shot back up is you kind of have to go 133 00:06:46,960 --> 00:06:50,839 Speaker 1: back to why did the price drop in you know previously. Now, 134 00:06:50,880 --> 00:06:52,880 Speaker 1: the first thing I would say is that, you know 135 00:06:53,040 --> 00:06:55,719 Speaker 1: a lot of people are trying to figure out the price. Um, 136 00:06:55,760 --> 00:06:59,000 Speaker 1: there's not always a reason why it moves every single 137 00:06:59,040 --> 00:07:00,640 Speaker 1: day or every single week or whatever. You want to 138 00:07:00,640 --> 00:07:03,560 Speaker 1: look at whatever timeframe, and UM, I would say, like 139 00:07:03,800 --> 00:07:05,360 Speaker 1: I said, right, I'm looking at the price a little 140 00:07:05,360 --> 00:07:07,599 Speaker 1: bit of a distraction, but it's still fun to try 141 00:07:07,640 --> 00:07:11,000 Speaker 1: to understand this a little bit. And so um, what 142 00:07:11,240 --> 00:07:13,640 Speaker 1: the big news was back when we hit that previous 143 00:07:13,640 --> 00:07:18,760 Speaker 1: all time high is that China was banning bitcoin mining. 144 00:07:19,080 --> 00:07:21,640 Speaker 1: That was a really big deal. They banned bitcoin mining, 145 00:07:21,720 --> 00:07:24,800 Speaker 1: and so um, I actually had made a video about 146 00:07:24,800 --> 00:07:27,240 Speaker 1: this on my YouTube channel where I break these subjects 147 00:07:27,280 --> 00:07:29,040 Speaker 1: down with visuals my white board. If you want to 148 00:07:29,120 --> 00:07:30,920 Speaker 1: check those out, just go to YouTube and type in 149 00:07:30,960 --> 00:07:32,960 Speaker 1: Mark Moss. And I made a video about this and 150 00:07:32,960 --> 00:07:38,120 Speaker 1: I called it China's second fatal mistake, China's second fatal mistake, 151 00:07:38,440 --> 00:07:41,040 Speaker 1: and I talked about how um them kicking the bitcoin 152 00:07:41,120 --> 00:07:43,120 Speaker 1: miners out of the country was going to be a 153 00:07:43,120 --> 00:07:46,480 Speaker 1: fatal mistake for them. They made a big mistake. And 154 00:07:46,680 --> 00:07:48,480 Speaker 1: you know a lot of people going up into that 155 00:07:48,560 --> 00:07:51,600 Speaker 1: point before that happened, back in May, a lot of 156 00:07:51,640 --> 00:07:53,680 Speaker 1: a lot of people would would often talk about bitcoin 157 00:07:53,760 --> 00:07:56,480 Speaker 1: and say, how, um, you know, it's it's a problem 158 00:07:56,480 --> 00:07:58,680 Speaker 1: because the government's could shut it down. And uh, it's 159 00:07:58,720 --> 00:08:02,760 Speaker 1: also a problem because bit because China controls the majority 160 00:08:02,920 --> 00:08:06,200 Speaker 1: of the mining. That was something they would always say, um. 161 00:08:06,240 --> 00:08:09,720 Speaker 1: And so what was interesting is in China were trying 162 00:08:09,720 --> 00:08:12,680 Speaker 1: to banned all the bitcoin mining, they literally forced all 163 00:08:12,680 --> 00:08:16,280 Speaker 1: the miners to shut their equipment down and they kicked 164 00:08:16,280 --> 00:08:17,960 Speaker 1: it all out. All those people had to pack up, 165 00:08:18,040 --> 00:08:19,840 Speaker 1: and they had to move, and they had to leave 166 00:08:19,880 --> 00:08:23,840 Speaker 1: the country. And again right they controlled over half of 167 00:08:23,880 --> 00:08:26,400 Speaker 1: the networks. That was what people are afraid of. And 168 00:08:26,760 --> 00:08:31,560 Speaker 1: it was a testament for how strong, how resilient bitcoin is. 169 00:08:31,600 --> 00:08:35,000 Speaker 1: It was a testament because they literally shut down over 170 00:08:35,080 --> 00:08:37,720 Speaker 1: half of the network literally a brute force attack, boom 171 00:08:37,800 --> 00:08:41,720 Speaker 1: shut it down, and Bitcoin didn't skip a beat, didn't 172 00:08:41,760 --> 00:08:43,959 Speaker 1: even skip a beat. They continued to pump out a 173 00:08:43,960 --> 00:08:47,520 Speaker 1: new block every ten minutes. Of course, transaction times went 174 00:08:47,559 --> 00:08:49,920 Speaker 1: slowed down a little bit, maybe transaction fees went up 175 00:08:49,960 --> 00:08:53,840 Speaker 1: a little bit, but it didn't affect the network itself, 176 00:08:53,880 --> 00:08:56,760 Speaker 1: but it did affect the price, and I think that 177 00:08:56,840 --> 00:09:00,520 Speaker 1: was a big reason, probably the predominant reason why we 178 00:09:00,559 --> 00:09:02,800 Speaker 1: saw the price dropped from that previous high all the 179 00:09:02,800 --> 00:09:07,040 Speaker 1: way down, like I said about fifty now, but understanding 180 00:09:07,080 --> 00:09:10,080 Speaker 1: that also helps us to know why it bounced back up. 181 00:09:10,120 --> 00:09:11,800 Speaker 1: As a matter of fact, there's it's one of the 182 00:09:11,800 --> 00:09:14,840 Speaker 1: two reasons that we would always look at to understand 183 00:09:14,840 --> 00:09:17,920 Speaker 1: where these technologies are and more importantly um where the 184 00:09:17,920 --> 00:09:20,680 Speaker 1: adoption will be and the price will be um, et cetera. 185 00:09:20,960 --> 00:09:22,600 Speaker 1: And so I want to get into that. You need 186 00:09:22,640 --> 00:09:24,640 Speaker 1: to understand this now. If you're just tuning in, you 187 00:09:24,640 --> 00:09:27,160 Speaker 1: are listening to the Mark Mass Show, where I bring 188 00:09:27,200 --> 00:09:30,240 Speaker 1: to you the latest information on bitcoin, cryptocurrencies and the 189 00:09:30,320 --> 00:09:33,360 Speaker 1: decentralized revolution each and every week. Again, like I say, 190 00:09:33,440 --> 00:09:36,240 Speaker 1: this is an asymmetric opportunity, and I'll be right back 191 00:09:36,280 --> 00:09:39,480 Speaker 1: with this asymmetric information you need to win with bitcoin. 192 00:09:40,000 --> 00:09:42,360 Speaker 1: You are back with the Markma Show where we talk 193 00:09:42,400 --> 00:09:47,840 Speaker 1: about bitcoin and cryptocurrencies and the decentralized revolution come to 194 00:09:47,880 --> 00:09:50,040 Speaker 1: you each and every week to bring you the latest 195 00:09:50,160 --> 00:09:53,280 Speaker 1: up to up to the most current information you need 196 00:09:53,320 --> 00:09:55,760 Speaker 1: so you can navigate this correctly. Now, before the break, 197 00:09:55,800 --> 00:09:58,080 Speaker 1: we were talking about the price. I'll talk about how 198 00:09:58,120 --> 00:10:00,199 Speaker 1: the price is a little bit of a in, a 199 00:10:00,240 --> 00:10:02,040 Speaker 1: bit of a distraction. It's not something you should be 200 00:10:02,080 --> 00:10:05,240 Speaker 1: focused on as an investor. If you're focusing on your 201 00:10:05,240 --> 00:10:07,960 Speaker 1: portfolio on a daily, weekly, or even a monthly basis, 202 00:10:08,400 --> 00:10:10,320 Speaker 1: it's not gonna work out too well for you. You 203 00:10:10,400 --> 00:10:12,800 Speaker 1: need to be zoomed out. And so if you're focused 204 00:10:12,800 --> 00:10:14,920 Speaker 1: on the price, you're definitely gonna be missing out on 205 00:10:15,000 --> 00:10:17,000 Speaker 1: some things. But we're talking about how bitcoin got to 206 00:10:17,040 --> 00:10:20,800 Speaker 1: a new all time high um and the previous high 207 00:10:20,920 --> 00:10:22,960 Speaker 1: was set back in April, and I talked I was 208 00:10:23,080 --> 00:10:25,240 Speaker 1: I was setting up to explain how the price of 209 00:10:25,240 --> 00:10:30,480 Speaker 1: bitcoin tumbled because China destroyed half of the network, literally 210 00:10:30,520 --> 00:10:32,360 Speaker 1: shut down over half of the network and force them 211 00:10:32,360 --> 00:10:34,000 Speaker 1: to get out of the country. Now, if you run 212 00:10:34,000 --> 00:10:36,560 Speaker 1: a business, or let's say you even run a household, 213 00:10:36,559 --> 00:10:39,360 Speaker 1: but let's say that you ran a business and you 214 00:10:39,360 --> 00:10:41,160 Speaker 1: have to shut yours, you know, your business was forced 215 00:10:41,160 --> 00:10:42,840 Speaker 1: shut down, sort of like what happened with the pandemic 216 00:10:42,920 --> 00:10:46,800 Speaker 1: last year. But guess what, you still have expenses. That's 217 00:10:46,840 --> 00:10:49,120 Speaker 1: pretty difficult, right, I mean, you still got to cover 218 00:10:49,120 --> 00:10:51,240 Speaker 1: your expenses. You don't have any income coming in. So 219 00:10:51,320 --> 00:10:53,840 Speaker 1: what are you gonna do. Well, You're probably gonna be 220 00:10:53,880 --> 00:10:56,839 Speaker 1: forced to start selling some assets, put some things on fire, 221 00:10:56,880 --> 00:11:00,920 Speaker 1: cell clear out some inventory, something to try to get money. Now, 222 00:11:01,120 --> 00:11:04,440 Speaker 1: imagine that times ten were Now not only are you 223 00:11:04,480 --> 00:11:07,440 Speaker 1: shut down, but you literally have to pack your entire 224 00:11:07,559 --> 00:11:10,560 Speaker 1: data center and move it halfway around the world. And 225 00:11:10,640 --> 00:11:13,000 Speaker 1: so what happened is when those when when over half 226 00:11:13,000 --> 00:11:14,760 Speaker 1: of the bitcoin network was forced to be shut down 227 00:11:14,760 --> 00:11:18,640 Speaker 1: by China, they were forced to liquidate their bitcoin, right, 228 00:11:18,640 --> 00:11:20,520 Speaker 1: so they sit on a bunch and their treasury reserves, 229 00:11:20,800 --> 00:11:23,280 Speaker 1: and so they were dumping their bitcoin onto the market 230 00:11:23,280 --> 00:11:26,319 Speaker 1: to try to raise the capital they needed to move 231 00:11:26,760 --> 00:11:29,200 Speaker 1: across the world. Now, of course, as I said earlier, 232 00:11:29,240 --> 00:11:31,600 Speaker 1: supply and demand. So when you have the same amount 233 00:11:31,640 --> 00:11:34,880 Speaker 1: of buyers but you have an increase in supply, then 234 00:11:34,960 --> 00:11:37,200 Speaker 1: typically you would expect prices to go down. And that's 235 00:11:37,320 --> 00:11:41,000 Speaker 1: exactly what happened. Now, I think you know, the price 236 00:11:41,040 --> 00:11:44,160 Speaker 1: of bitcoin stayed down, like I said, for about six weeks, 237 00:11:44,160 --> 00:11:45,640 Speaker 1: and then it kind of jumped up and got into 238 00:11:45,640 --> 00:11:49,400 Speaker 1: the forty dollar range. And then we saw something else 239 00:11:49,440 --> 00:11:52,240 Speaker 1: from China. Thank you very much, China. Uh, something else 240 00:11:52,320 --> 00:11:55,360 Speaker 1: from China, and that was that. About a month ago, 241 00:11:56,360 --> 00:11:59,920 Speaker 1: China said it's not just enough to ban the bitcoin mining, 242 00:12:00,400 --> 00:12:03,520 Speaker 1: we need to ban all cryptocurrencies. As a matter of fact, 243 00:12:03,760 --> 00:12:06,040 Speaker 1: nobody in the country can do anything with cryptocurrencies. They 244 00:12:06,040 --> 00:12:07,520 Speaker 1: can't buy them, they can't trade them, they can't own them, 245 00:12:07,520 --> 00:12:10,640 Speaker 1: they can't do anything. And that was about six weeks ago. 246 00:12:10,720 --> 00:12:13,560 Speaker 1: And since that time, since the time that they went 247 00:12:13,600 --> 00:12:16,720 Speaker 1: ahead to ban it again courtesy of them, we have 248 00:12:16,840 --> 00:12:22,080 Speaker 1: now seen the price of bitcoin jump up over and 249 00:12:22,120 --> 00:12:24,560 Speaker 1: I think I think there's a couple of reasons why. Right, 250 00:12:24,559 --> 00:12:28,680 Speaker 1: this is important to understand. So basically, what China did 251 00:12:28,880 --> 00:12:30,640 Speaker 1: was they said, you don't have the right to hold 252 00:12:30,640 --> 00:12:32,800 Speaker 1: your wealth in a way that we can't censor and 253 00:12:32,920 --> 00:12:36,440 Speaker 1: steal and inflate away. Now when they tell you that, 254 00:12:37,240 --> 00:12:39,800 Speaker 1: it kind of makes you want to find a way 255 00:12:39,800 --> 00:12:42,440 Speaker 1: to do that. And so they're almost doing their own 256 00:12:42,480 --> 00:12:45,400 Speaker 1: marketing or bitcoins marketing for us. And I think, um, 257 00:12:45,440 --> 00:12:47,600 Speaker 1: it showed the rest of the world how important it 258 00:12:47,640 --> 00:12:50,240 Speaker 1: was to get your wealth outside of their system. Um 259 00:12:50,280 --> 00:12:52,720 Speaker 1: and I think also in China, it's also increased the 260 00:12:52,720 --> 00:12:55,439 Speaker 1: demand not only for bitcoin. UM. I had some reports 261 00:12:55,440 --> 00:12:57,800 Speaker 1: from some gold people I was talking to today and 262 00:12:57,840 --> 00:13:01,760 Speaker 1: they said that gold, the gold sales, the volume of 263 00:13:01,760 --> 00:13:04,560 Speaker 1: gold sales are off the chart in China. Of course, 264 00:13:04,600 --> 00:13:06,440 Speaker 1: the people aren't buying gold boy on that you would 265 00:13:06,440 --> 00:13:08,840 Speaker 1: typically store and you're safe. They're buying gold jewelry because 266 00:13:08,840 --> 00:13:10,960 Speaker 1: that's what they have available to them, and so they're 267 00:13:11,000 --> 00:13:13,840 Speaker 1: literally standing. There's long lines. At least I have been 268 00:13:13,840 --> 00:13:16,440 Speaker 1: reported long lines at all the jewelry stores of people 269 00:13:16,480 --> 00:13:18,280 Speaker 1: just trying to buy gold. They're trying to do anything 270 00:13:18,360 --> 00:13:20,600 Speaker 1: they can to get their money out of the system. 271 00:13:20,679 --> 00:13:23,720 Speaker 1: And so since that time, basically China told the world, hey, 272 00:13:23,840 --> 00:13:25,959 Speaker 1: if if you don't want your government stealing your money, 273 00:13:25,960 --> 00:13:27,560 Speaker 1: you should get out of the system. And since that time, 274 00:13:27,559 --> 00:13:31,560 Speaker 1: Bitcoin has responded and to me, and maybe I'm just 275 00:13:31,760 --> 00:13:33,839 Speaker 1: looking at this with some rose colored or we actually 276 00:13:33,880 --> 00:13:36,560 Speaker 1: call them orange colored glenses and orange colored glasses. But 277 00:13:36,640 --> 00:13:39,959 Speaker 1: maybe maybe it's just me, but it's like, um, maybe 278 00:13:40,000 --> 00:13:44,160 Speaker 1: the world the sane, they're ready for a separation of 279 00:13:44,160 --> 00:13:48,200 Speaker 1: money and state. Maybe they're ready to see the end 280 00:13:48,240 --> 00:13:51,360 Speaker 1: of this government monopoly on money at least that's what 281 00:13:51,400 --> 00:13:53,440 Speaker 1: the price action is telling us. And so, UM, that 282 00:13:53,520 --> 00:13:56,360 Speaker 1: happened at the same time though, and so here's where 283 00:13:56,400 --> 00:13:59,200 Speaker 1: we have to continue to get into this. So at 284 00:13:59,240 --> 00:14:01,600 Speaker 1: the same time it's Kindah was cracking down on it, 285 00:14:01,679 --> 00:14:04,400 Speaker 1: and the price of bitcoin responded. Um. People in the 286 00:14:04,480 --> 00:14:06,719 Speaker 1: United States still say, oh, yeah, but the US will, well, 287 00:14:06,760 --> 00:14:08,880 Speaker 1: we'll make it illegal, the US will ban it. Right, 288 00:14:08,880 --> 00:14:10,439 Speaker 1: It's still I still hear that all the time. I 289 00:14:10,480 --> 00:14:13,440 Speaker 1: think it's a ridiculous argument, one of dispelled many many times. 290 00:14:13,480 --> 00:14:15,120 Speaker 1: As a matter of fact, I have multiple videos on 291 00:14:15,120 --> 00:14:18,520 Speaker 1: my YouTube channel UM dedicated towards just answering that question. 292 00:14:18,559 --> 00:14:21,160 Speaker 1: Why I don't think they could, why they couldn't, why 293 00:14:21,200 --> 00:14:24,360 Speaker 1: they won't, why it would destroy the United States economy 294 00:14:24,400 --> 00:14:27,760 Speaker 1: if they did, all these different topics. But at the 295 00:14:27,800 --> 00:14:29,480 Speaker 1: same time, right, like I said, people still think it's 296 00:14:29,480 --> 00:14:32,240 Speaker 1: going to happen in the US. But we had Jerome Powell, 297 00:14:32,280 --> 00:14:34,600 Speaker 1: who's the head of the Federal Reserve of the Central 298 00:14:34,600 --> 00:14:37,160 Speaker 1: Bank of the United States, and we had the head 299 00:14:37,160 --> 00:14:39,160 Speaker 1: of the SEC gar Agains. They're both come out and 300 00:14:39,200 --> 00:14:44,600 Speaker 1: say we will not ban it, point blank. If you 301 00:14:44,600 --> 00:14:47,320 Speaker 1: need any more clear, that's about how clear they were. Um. 302 00:14:47,360 --> 00:14:49,480 Speaker 1: And so they've come out and told you that they're 303 00:14:49,480 --> 00:14:51,120 Speaker 1: not going to ban it. They've said that, and some 304 00:14:51,160 --> 00:14:53,680 Speaker 1: people are still people don't want to believe it, and 305 00:14:53,680 --> 00:14:55,800 Speaker 1: they're like, yeah, they don't really mean it to someone 306 00:14:55,840 --> 00:14:58,000 Speaker 1: else is going to do it. But I think that 307 00:14:58,120 --> 00:15:01,440 Speaker 1: this e t F being approved is the final nail 308 00:15:01,520 --> 00:15:03,560 Speaker 1: in the coffin, Like this is like this is it 309 00:15:03,640 --> 00:15:06,200 Speaker 1: Like there's just there's just no way. I mean, I 310 00:15:06,240 --> 00:15:08,800 Speaker 1: don't want to say no way. I would say the probability, 311 00:15:09,160 --> 00:15:12,400 Speaker 1: the probability of the government banning it at this point 312 00:15:12,640 --> 00:15:16,240 Speaker 1: is just barely better than zero. Um. At this point, 313 00:15:16,280 --> 00:15:22,160 Speaker 1: we have approximately fifty million Americans own bitcoin. Fifty million Americans, 314 00:15:22,200 --> 00:15:23,560 Speaker 1: so that would be a big problem if they want 315 00:15:23,600 --> 00:15:25,840 Speaker 1: to suck the wealth out of fifty million Americans. On 316 00:15:25,960 --> 00:15:28,560 Speaker 1: top of that, um, the United States has become the 317 00:15:28,600 --> 00:15:31,680 Speaker 1: biggest beneficiary of the bitcoin mining because it was all 318 00:15:31,760 --> 00:15:34,400 Speaker 1: kicked out of China. A good majority of it came 319 00:15:34,440 --> 00:15:36,800 Speaker 1: to the United States, mostly just in Texas, which is 320 00:15:36,840 --> 00:15:39,720 Speaker 1: working to become a bitcoin state, which is a very 321 00:15:39,760 --> 00:15:43,360 Speaker 1: interesting story in itself. And now we we have you know, 322 00:15:43,480 --> 00:15:48,080 Speaker 1: most of Wall Street, from Fidelity to Goldman Sacks to 323 00:15:48,400 --> 00:15:51,320 Speaker 1: you know, smaller players, UM, New York Stock Exchange, even 324 00:15:51,360 --> 00:15:55,080 Speaker 1: you know cash app and PayPal, Vinmo, Now, etcetera. UM, 325 00:15:55,120 --> 00:15:58,400 Speaker 1: they're all they've all built out Bitcoin products and services 326 00:15:59,000 --> 00:16:00,640 Speaker 1: and so UM if the GUP we tried to ban it, 327 00:16:00,640 --> 00:16:02,720 Speaker 1: that'ld be not only have fifty million Americans on their 328 00:16:03,360 --> 00:16:05,360 Speaker 1: on their case, they'd also have all of Wall Street 329 00:16:05,360 --> 00:16:08,600 Speaker 1: on their case. And now with an e t F 330 00:16:08,600 --> 00:16:11,640 Speaker 1: finally approved and um, as a matter of fact, it 331 00:16:11,720 --> 00:16:16,280 Speaker 1: was the second fastest growing, the second biggest e t 332 00:16:16,440 --> 00:16:19,280 Speaker 1: F launch in history. And really it's kind of the 333 00:16:19,280 --> 00:16:22,480 Speaker 1: biggest because the first one has an asterisk beside it. 334 00:16:22,480 --> 00:16:24,920 Speaker 1: It was a carbon fund that was launched and it 335 00:16:24,960 --> 00:16:27,160 Speaker 1: had a pre sell, so the pre sale kind of 336 00:16:27,160 --> 00:16:29,320 Speaker 1: helped goose the numbers a little bit. UM, So it 337 00:16:29,440 --> 00:16:31,760 Speaker 1: was the top one or two, let's call it, that 338 00:16:32,240 --> 00:16:35,000 Speaker 1: biggest e t F s in history. And I think 339 00:16:35,080 --> 00:16:37,880 Speaker 1: that just basically seals the deal. That's it. No way 340 00:16:37,920 --> 00:16:40,400 Speaker 1: the government's going to make it illegal. I mean, all 341 00:16:40,400 --> 00:16:42,720 Speaker 1: these things of course add up in in Bitcoin's favor. 342 00:16:42,760 --> 00:16:45,520 Speaker 1: There's dozens of Senators and congress people that own it, 343 00:16:46,000 --> 00:16:48,480 Speaker 1: all of Wall Street has products on it. UM, fifty 344 00:16:48,480 --> 00:16:51,240 Speaker 1: million Americans own it. But today, as of today, as 345 00:16:51,240 --> 00:16:53,880 Speaker 1: of this week, we now have any E t F 346 00:16:54,680 --> 00:16:56,640 Speaker 1: and that's it, in my opinion, game over. And I 347 00:16:56,680 --> 00:16:58,920 Speaker 1: think that so it was a combination of China shutting 348 00:16:58,960 --> 00:17:02,160 Speaker 1: it down and seeing the Resolo really ziliency there and 349 00:17:02,960 --> 00:17:06,840 Speaker 1: the E t F coming on board that really put 350 00:17:06,920 --> 00:17:09,160 Speaker 1: this optimism back into the market and we are off 351 00:17:09,200 --> 00:17:11,720 Speaker 1: to the races. Now. I don't typically talk a lot 352 00:17:11,760 --> 00:17:14,600 Speaker 1: about the price, but I'm gonna talk about the price 353 00:17:14,600 --> 00:17:17,639 Speaker 1: and more because it could be going some place. As 354 00:17:17,680 --> 00:17:20,440 Speaker 1: a matter of fact, based off of the fun flow 355 00:17:20,520 --> 00:17:23,480 Speaker 1: that's been going on in a t f UM. There's 356 00:17:23,560 --> 00:17:27,840 Speaker 1: some people making some predictions that you might not even believe. 357 00:17:27,840 --> 00:17:29,480 Speaker 1: And I bet you all want to know where the 358 00:17:29,520 --> 00:17:31,480 Speaker 1: price of bitcoin could be by the end of the year. 359 00:17:31,520 --> 00:17:34,240 Speaker 1: Let's say, by Christmas. Uh, let me just tell you. 360 00:17:34,320 --> 00:17:35,960 Speaker 1: If your own bitcoin, it's going to be a very 361 00:17:36,040 --> 00:17:37,800 Speaker 1: merry Christmas for you. Let me tell you that. So 362 00:17:37,840 --> 00:17:39,720 Speaker 1: I'll come back, I'll tell you where I think the 363 00:17:39,760 --> 00:17:43,040 Speaker 1: price could be by Christmas. We'll talk about where the 364 00:17:43,080 --> 00:17:45,800 Speaker 1: price could be over the next year, two, three, four, 365 00:17:45,880 --> 00:17:49,639 Speaker 1: and five years. Now, you might not believe some of 366 00:17:49,680 --> 00:17:50,960 Speaker 1: these numbers. I have to report to you. But I 367 00:17:50,960 --> 00:17:52,879 Speaker 1: am going to back it up with some credible information, 368 00:17:52,960 --> 00:17:54,879 Speaker 1: so we'll talk about that, and then I want to 369 00:17:54,880 --> 00:17:57,000 Speaker 1: dig more into this e t F because, um, like 370 00:17:57,040 --> 00:17:59,199 Speaker 1: I said, there's some dangers here, not only just for you, 371 00:17:59,280 --> 00:18:01,720 Speaker 1: but also danger for bitcoin overall. And I think that's 372 00:18:01,720 --> 00:18:04,760 Speaker 1: important to understand. There's two different types of bitcoin e 373 00:18:04,840 --> 00:18:07,240 Speaker 1: t F s. Again, you listen to the Markma Show 374 00:18:07,280 --> 00:18:10,840 Speaker 1: talking about bitcoin, cryptocurrencies and the decentralized Revolution, and I 375 00:18:10,840 --> 00:18:13,880 Speaker 1: will be right back. All right, welcome back. You are 376 00:18:13,920 --> 00:18:16,560 Speaker 1: listening to the Mark Ma Show, where I am bringing 377 00:18:16,680 --> 00:18:19,480 Speaker 1: to you each end every week the latest information, the 378 00:18:19,600 --> 00:18:22,880 Speaker 1: latest news, the breaking news, the news that you need 379 00:18:22,960 --> 00:18:27,520 Speaker 1: to know about bitcoin and cryptocurrencies and the decentralized revolution 380 00:18:27,560 --> 00:18:33,520 Speaker 1: that's happening right now. I'm talking about the largest technological 381 00:18:33,600 --> 00:18:36,320 Speaker 1: revolution we have ever seen in history. Now I'm not 382 00:18:36,359 --> 00:18:39,119 Speaker 1: talking about a new technology. I'm not talking about the 383 00:18:39,200 --> 00:18:42,800 Speaker 1: uber app or the iPhone. I'm talking about a technological 384 00:18:42,880 --> 00:18:47,280 Speaker 1: revolution that literally changes the way humanity works. The other 385 00:18:47,320 --> 00:18:51,040 Speaker 1: thing about a technological revolution is that drives financial markets. 386 00:18:52,080 --> 00:18:57,359 Speaker 1: Technological revolution drives financial markets. They happen about every fifty years, 387 00:18:57,400 --> 00:19:00,919 Speaker 1: the previous financial mark, the previous technological revolution was the 388 00:19:00,920 --> 00:19:04,440 Speaker 1: age of the microprocessor, which led to personal computers, telecommunications, 389 00:19:04,440 --> 00:19:06,680 Speaker 1: and the Internet. And of course, if you look back 390 00:19:06,680 --> 00:19:09,679 Speaker 1: over the last thirty or forty years, what what's been 391 00:19:09,760 --> 00:19:13,000 Speaker 1: driving the financial markets? And of course it's the telecommunications 392 00:19:13,080 --> 00:19:15,840 Speaker 1: and the internet stocks, right, the things Facebook, Apple, Netflix, Google, 393 00:19:15,880 --> 00:19:19,000 Speaker 1: et cetera. And if you went back to the technological 394 00:19:19,080 --> 00:19:23,760 Speaker 1: revolution before that, that would be oil and automobiles, and 395 00:19:23,840 --> 00:19:28,600 Speaker 1: of course Ford Chrysler GM, oil companies, etcetera. And so 396 00:19:28,640 --> 00:19:30,520 Speaker 1: you get the point. And that is what we're doing. 397 00:19:30,880 --> 00:19:34,320 Speaker 1: And so now we are talking about bitcoin, this technological revolution. 398 00:19:34,320 --> 00:19:36,679 Speaker 1: It's going to drive the financial markets. And we're talking 399 00:19:36,680 --> 00:19:39,920 Speaker 1: about the financial markets. Finally got in after like seven 400 00:19:40,000 --> 00:19:41,680 Speaker 1: or eight years of trying to get their e t 401 00:19:41,880 --> 00:19:44,439 Speaker 1: F approved and it was denied every single time, dozens 402 00:19:44,440 --> 00:19:48,159 Speaker 1: and dozens of times, they finally got approved and it 403 00:19:48,359 --> 00:19:52,000 Speaker 1: is going to drive the financial markets big time. Now, 404 00:19:52,200 --> 00:19:53,880 Speaker 1: I told you before the break, I would tell you 405 00:19:54,240 --> 00:19:57,239 Speaker 1: where some analysts are predicting the price of bitcoin to go. 406 00:19:57,880 --> 00:20:02,239 Speaker 1: Um And and I was going to explain to the 407 00:20:02,320 --> 00:20:05,400 Speaker 1: different types of of of bitcoin e t F because 408 00:20:05,400 --> 00:20:08,960 Speaker 1: there's two actually, and I think it's important that you understand, Um, 409 00:20:09,000 --> 00:20:12,560 Speaker 1: what the differences of these are because there's there's some 410 00:20:12,640 --> 00:20:14,760 Speaker 1: danger if you don't get it, if you don't get 411 00:20:14,800 --> 00:20:16,840 Speaker 1: it the right way. I think there's also some danger 412 00:20:16,880 --> 00:20:18,840 Speaker 1: to bitcoin itself that I want to talk about. So 413 00:20:19,280 --> 00:20:21,600 Speaker 1: before we get into the different types of the bitcoin 414 00:20:21,680 --> 00:20:23,359 Speaker 1: E T F and talk about some of the dangers, 415 00:20:23,359 --> 00:20:25,800 Speaker 1: because you definitely need to know that, let's talk about 416 00:20:25,960 --> 00:20:28,760 Speaker 1: real quickly, probably what you've been waiting on, which is 417 00:20:28,880 --> 00:20:33,000 Speaker 1: where could the potential price of bitcoin go? All right? 418 00:20:33,040 --> 00:20:36,439 Speaker 1: So we'll talk about that now. Um, some people, I mean, 419 00:20:36,480 --> 00:20:38,200 Speaker 1: there's there's a lot of different opinions, and of course 420 00:20:38,320 --> 00:20:40,879 Speaker 1: nobody has a crystal ball, um, and so let me 421 00:20:40,920 --> 00:20:43,200 Speaker 1: just say that. But I will say that there's a 422 00:20:43,240 --> 00:20:44,639 Speaker 1: lot of people who have been studying this for a 423 00:20:44,640 --> 00:20:46,520 Speaker 1: long time and they kind of understand the way money 424 00:20:46,520 --> 00:20:48,240 Speaker 1: flows and things like that, and so I think there's 425 00:20:48,240 --> 00:20:51,040 Speaker 1: a few credible people to listen to. What I like 426 00:20:51,040 --> 00:20:52,280 Speaker 1: to do is I look to look like to look 427 00:20:52,320 --> 00:20:54,640 Speaker 1: for indicators or models, and then I like to look 428 00:20:54,680 --> 00:20:57,840 Speaker 1: for a multiple of them, different ones, and I try 429 00:20:57,880 --> 00:21:00,719 Speaker 1: to find out where there's some congruence where they agree. 430 00:21:00,960 --> 00:21:02,600 Speaker 1: And so I think that's pretty important. So I'll show 431 00:21:02,600 --> 00:21:04,880 Speaker 1: you three different models. UM, and we'll also just listen 432 00:21:04,920 --> 00:21:06,320 Speaker 1: to a few different people that I think are are 433 00:21:06,320 --> 00:21:10,280 Speaker 1: pretty credible. Um. And so the first thing I would 434 00:21:10,280 --> 00:21:13,720 Speaker 1: say is that, um, we have based off of a 435 00:21:13,800 --> 00:21:18,120 Speaker 1: study researchers at a platform for x suggests that bitcoin 436 00:21:18,160 --> 00:21:22,280 Speaker 1: could reach a five trillion market cap value by the 437 00:21:22,359 --> 00:21:28,200 Speaker 1: start of al right, So um, right now it's at 438 00:21:28,240 --> 00:21:31,320 Speaker 1: about a one trillion dollar value. So that means it 439 00:21:31,359 --> 00:21:34,639 Speaker 1: would have a five x or a five percent return 440 00:21:35,000 --> 00:21:38,480 Speaker 1: by the start of which is basically two years away. 441 00:21:38,720 --> 00:21:43,000 Speaker 1: So five return over the next two years, which, of 442 00:21:43,040 --> 00:21:46,360 Speaker 1: course that actually sounds pretty reasonable. Um. We can see 443 00:21:46,400 --> 00:21:49,440 Speaker 1: that over the last decade basically since bitcoin has been 444 00:21:49,520 --> 00:21:53,919 Speaker 1: out since day one, it's averaged a two hundred percent 445 00:21:54,320 --> 00:21:57,280 Speaker 1: annual compounded growth. Three that's what it's average since it's 446 00:21:57,280 --> 00:22:02,600 Speaker 1: been around. And so to get a gain in the 447 00:22:02,640 --> 00:22:04,680 Speaker 1: next you know, a little over two years, two and 448 00:22:04,720 --> 00:22:08,240 Speaker 1: a half years, that sounds like it's about right on track. Now. 449 00:22:08,280 --> 00:22:11,800 Speaker 1: That means if you were to put a thousand dollars in, 450 00:22:12,359 --> 00:22:15,520 Speaker 1: it would be worth five thousand dollars. If you put 451 00:22:16,200 --> 00:22:18,560 Speaker 1: half a million in, it could be worth two point 452 00:22:18,680 --> 00:22:20,880 Speaker 1: five million dollars. You kind of get the idea, that's 453 00:22:20,880 --> 00:22:22,800 Speaker 1: a pretty big number. Now to put that into kind 454 00:22:22,840 --> 00:22:28,040 Speaker 1: of context, the stock market has averaged depending on what 455 00:22:28,080 --> 00:22:29,440 Speaker 1: time frame you want to look at it, but somewhere 456 00:22:29,440 --> 00:22:33,520 Speaker 1: around a six like like zero six like six percent 457 00:22:33,720 --> 00:22:37,879 Speaker 1: to eight percent gain, six to eight percent gain, and 458 00:22:37,920 --> 00:22:40,600 Speaker 1: so bitcoin has been average in a two hundred percent gain. 459 00:22:40,680 --> 00:22:42,280 Speaker 1: Just to kind of put that into perspective. If some 460 00:22:42,320 --> 00:22:44,880 Speaker 1: of you guys don't understand some of these numbers. UM 461 00:22:45,040 --> 00:22:48,200 Speaker 1: fund Strat Global Advisors, Tom Lee, who has been charting 462 00:22:48,240 --> 00:22:50,640 Speaker 1: and looking at the bitcoin price for a really long time, 463 00:22:51,040 --> 00:22:53,639 Speaker 1: says it could attract based based off this new ETF, 464 00:22:53,680 --> 00:22:56,919 Speaker 1: it could attract fifty billion dollars in flows into this 465 00:22:57,000 --> 00:23:00,040 Speaker 1: new et F fund. And he thinks that we a 466 00:23:00,200 --> 00:23:04,080 Speaker 1: see bitcoin getting to a hundred and sixty eight thousand 467 00:23:04,119 --> 00:23:08,080 Speaker 1: dollars on this on this news d sixty eight thousand, 468 00:23:08,119 --> 00:23:10,920 Speaker 1: which puts it uh about a hundred and fifty percent 469 00:23:11,040 --> 00:23:14,800 Speaker 1: return from here, which again, these numbers maybe they don't 470 00:23:14,800 --> 00:23:17,040 Speaker 1: make sense to but when a stock market is going 471 00:23:17,080 --> 00:23:19,679 Speaker 1: up by six percent, to get a hundred and fifty 472 00:23:19,720 --> 00:23:23,840 Speaker 1: percent is just incredible. Um So, so those are a 473 00:23:23,840 --> 00:23:25,440 Speaker 1: couple of numbers, but I think there's some even better 474 00:23:25,520 --> 00:23:27,800 Speaker 1: numbers than that. UM. Some of the better numbers that 475 00:23:27,840 --> 00:23:31,119 Speaker 1: I like to look at our UM Fidelity. So Fidelity 476 00:23:31,200 --> 00:23:35,480 Speaker 1: is one of the largest financial institutions in the United States. UM, 477 00:23:35,560 --> 00:23:38,679 Speaker 1: and they've been doing a lot of research into bitcoin. 478 00:23:38,680 --> 00:23:40,159 Speaker 1: As a matter of fact, they've been involved into bitcoin 479 00:23:40,200 --> 00:23:42,280 Speaker 1: for a really really long time since kind of the 480 00:23:42,320 --> 00:23:44,840 Speaker 1: beginning since well not the beginning, but I'm going back 481 00:23:44,880 --> 00:23:47,960 Speaker 1: to about two thousand and seventeen, and they've done a 482 00:23:48,000 --> 00:23:50,680 Speaker 1: lot of research. They've been they've been mining bitcoins since 483 00:23:50,720 --> 00:23:53,560 Speaker 1: that time. UM. They set up a digital assets side, 484 00:23:53,680 --> 00:23:56,480 Speaker 1: UM they do loans against bitcoin UM and of course 485 00:23:56,520 --> 00:23:59,600 Speaker 1: then they forecast it out to their you know, subscribers 486 00:23:59,600 --> 00:24:02,600 Speaker 1: and whatnot. And UM they put out some reports just 487 00:24:02,640 --> 00:24:04,400 Speaker 1: a couple of months ago, it's two three months ago, 488 00:24:04,400 --> 00:24:07,200 Speaker 1: I think, and it was from Jury and Timmer he's 489 00:24:07,200 --> 00:24:10,760 Speaker 1: the director of Global Macro at Fidelity, and he put 490 00:24:10,760 --> 00:24:13,280 Speaker 1: together this whole slide deck. UM. There's a lot of charts, 491 00:24:13,320 --> 00:24:16,040 Speaker 1: a lot of graphics. UM. Again, I have a have 492 00:24:16,080 --> 00:24:18,879 Speaker 1: a video on YouTube channel that breaks all these slides 493 00:24:18,920 --> 00:24:20,800 Speaker 1: down if you want to see them to get a 494 00:24:20,840 --> 00:24:24,160 Speaker 1: little bit more sense of it. But basically he predict 495 00:24:24,440 --> 00:24:27,960 Speaker 1: or basically his research. What Fidelity put forward was that 496 00:24:28,320 --> 00:24:31,520 Speaker 1: he predicted that the value of bitcoin would reach one 497 00:24:31,880 --> 00:24:37,320 Speaker 1: billion dollars her coin in about two decades, so twenty years, 498 00:24:37,640 --> 00:24:39,960 Speaker 1: which is a long time. It's a long way off, 499 00:24:40,000 --> 00:24:43,159 Speaker 1: but that's what he was saying. Now, he combined a 500 00:24:43,200 --> 00:24:45,960 Speaker 1: couple of charts um one something that's called a stock 501 00:24:46,040 --> 00:24:48,560 Speaker 1: to flow model. Uh. The stock to flow model is 502 00:24:48,600 --> 00:24:51,399 Speaker 1: basically what it sounds like. But the stock is the 503 00:24:51,440 --> 00:24:54,200 Speaker 1: existing supply, how much do we have right now today, 504 00:24:54,240 --> 00:24:57,560 Speaker 1: the existing stock that's available, and then the flow is 505 00:24:57,640 --> 00:25:01,560 Speaker 1: the new incoming supply, like the inflow ation rate. And 506 00:25:01,640 --> 00:25:04,359 Speaker 1: so you can take scarce assets like gold and silver, 507 00:25:04,440 --> 00:25:07,919 Speaker 1: for example, and then you can overlay them with this 508 00:25:08,000 --> 00:25:10,880 Speaker 1: stock to flow model. Like, for example, you take all 509 00:25:10,920 --> 00:25:12,520 Speaker 1: the gold that we have in the world, which, by 510 00:25:12,520 --> 00:25:15,080 Speaker 1: the way, if you took all the gold in existence 511 00:25:15,119 --> 00:25:17,440 Speaker 1: today and melted it all into one giant cube, I 512 00:25:17,480 --> 00:25:19,119 Speaker 1: think it fits like in a football field. It's not 513 00:25:19,160 --> 00:25:21,720 Speaker 1: that not that big, um, But that's the existing stock, 514 00:25:21,760 --> 00:25:23,760 Speaker 1: and then we have the flow. So there's obviously gold 515 00:25:23,800 --> 00:25:25,720 Speaker 1: miners all around the world that are digging gold out 516 00:25:25,720 --> 00:25:28,119 Speaker 1: of the ground, um, and that's the new incoming flow. 517 00:25:28,240 --> 00:25:31,480 Speaker 1: So we have the inflation is by a couple percent 518 00:25:31,560 --> 00:25:34,280 Speaker 1: couple points um, and so you you kind of look 519 00:25:34,280 --> 00:25:36,560 Speaker 1: at that, and then you could also use that same 520 00:25:36,640 --> 00:25:38,720 Speaker 1: kind of a chart and you could look at bitcoin 521 00:25:38,760 --> 00:25:39,919 Speaker 1: with that. And so that's one way to do that. 522 00:25:40,200 --> 00:25:42,160 Speaker 1: Another way that they went to look at the price 523 00:25:42,280 --> 00:25:45,880 Speaker 1: is using something known as Metcalf's law. And Metcalf's law 524 00:25:46,000 --> 00:25:50,320 Speaker 1: is basically something that says that UM, a networks value 525 00:25:50,440 --> 00:25:53,800 Speaker 1: grows by the number of users. And so they looked 526 00:25:53,800 --> 00:25:55,640 Speaker 1: at that, and they looked at the users the networks 527 00:25:55,640 --> 00:25:57,320 Speaker 1: grows and they kind of use that to extrapolate some 528 00:25:57,359 --> 00:26:00,600 Speaker 1: of the value, and they said that bitcoins value should 529 00:26:00,600 --> 00:26:04,320 Speaker 1: grow much faster than it does, um than the network 530 00:26:04,320 --> 00:26:07,560 Speaker 1: of buyers and sellers grow. But they went on to UM. 531 00:26:07,600 --> 00:26:09,920 Speaker 1: They also went on to say some stuff that kind 532 00:26:09,920 --> 00:26:13,200 Speaker 1: of walked back some of that talk. So to say 533 00:26:13,240 --> 00:26:17,080 Speaker 1: that bitcoin would be worth one I know, it cracks 534 00:26:17,080 --> 00:26:20,200 Speaker 1: me up just saying it, but a billion dollars per 535 00:26:20,280 --> 00:26:23,200 Speaker 1: coin in twenty years, But they went and walked to 536 00:26:23,320 --> 00:26:25,840 Speaker 1: that back a little bit. And what do I mean, UM, 537 00:26:25,880 --> 00:26:29,879 Speaker 1: They said that you know, money is changing, Money is 538 00:26:29,960 --> 00:26:33,200 Speaker 1: losing its value really really really fast, and it's it's 539 00:26:33,240 --> 00:26:35,199 Speaker 1: losing value faster and faster as time it was on. 540 00:26:35,240 --> 00:26:36,840 Speaker 1: As a matter of fact, the dollar, as I think 541 00:26:36,840 --> 00:26:39,280 Speaker 1: I started out in the first UM part talking about 542 00:26:39,320 --> 00:26:42,000 Speaker 1: that the value of the dollars lost of its purchasing 543 00:26:42,000 --> 00:26:46,359 Speaker 1: power just this year, and so UM basically, when bitcoin 544 00:26:46,440 --> 00:26:48,800 Speaker 1: is worth a billion dollars, a billion dollars isn't worth 545 00:26:48,920 --> 00:26:51,760 Speaker 1: very much. That's basically what it comes down to. UM 546 00:26:51,800 --> 00:26:54,920 Speaker 1: and and Timber went on to have like an example 547 00:26:55,320 --> 00:26:57,520 Speaker 1: and said that like a dollar invested in stocks in 548 00:26:57,520 --> 00:27:01,560 Speaker 1: the now worth like almost four billion dollars, and and 549 00:27:01,600 --> 00:27:04,960 Speaker 1: like twenty years ago, UM and in twenty years, basically 550 00:27:05,119 --> 00:27:08,959 Speaker 1: one billion dollars would be worth what about one million 551 00:27:09,320 --> 00:27:11,159 Speaker 1: is kind of currently buying. And so you have to 552 00:27:11,200 --> 00:27:13,280 Speaker 1: kind of think about things in terms of purchasing power. 553 00:27:13,359 --> 00:27:16,560 Speaker 1: What would one million dollars buy me today in goods 554 00:27:16,560 --> 00:27:19,879 Speaker 1: and services? And so they're basically saying that potentially in 555 00:27:19,880 --> 00:27:22,320 Speaker 1: twenty years from now, a billion dollars would buy you 556 00:27:22,359 --> 00:27:25,120 Speaker 1: the same amount of goods and services that one million 557 00:27:25,520 --> 00:27:27,600 Speaker 1: buy you today. So it is important to kind of 558 00:27:27,680 --> 00:27:30,040 Speaker 1: keep that in uh in in a friend of mind 559 00:27:30,040 --> 00:27:32,880 Speaker 1: when you start thinking about these big numbers. But they're 560 00:27:32,880 --> 00:27:35,360 Speaker 1: saying that in twenty years time, you could see um 561 00:27:35,400 --> 00:27:38,000 Speaker 1: a chillion dollars being a quite common number. I want 562 00:27:38,000 --> 00:27:39,719 Speaker 1: to come back and tell you where I think bitcoin 563 00:27:39,760 --> 00:27:43,119 Speaker 1: price will be before by Christmas time and by the 564 00:27:43,119 --> 00:27:45,160 Speaker 1: first quarter of next year. You're listening to the Markma Show, 565 00:27:45,520 --> 00:27:47,360 Speaker 1: don't go away. I want to bring the price when 566 00:27:47,359 --> 00:27:50,760 Speaker 1: I come right back. All right, welcome back. You are 567 00:27:50,840 --> 00:27:53,200 Speaker 1: back with the Markma Show where we are talking about 568 00:27:53,240 --> 00:27:57,560 Speaker 1: bitcoin and cryptocurrencies and the decentralized revolution, where I bring 569 00:27:57,600 --> 00:28:00,199 Speaker 1: it to you each and every week right here, the 570 00:28:00,320 --> 00:28:03,280 Speaker 1: same time, on the same channel. So just do me 571 00:28:03,280 --> 00:28:05,879 Speaker 1: a favorite, real quick, pull out your phone, put a 572 00:28:05,920 --> 00:28:08,359 Speaker 1: calendar reminder on there and put this channel, put this 573 00:28:08,480 --> 00:28:10,720 Speaker 1: time so you can join me each and every week. 574 00:28:10,800 --> 00:28:14,600 Speaker 1: Because I'm bringing to you the most important information. You 575 00:28:14,680 --> 00:28:17,320 Speaker 1: do not want to miss this, I can guarantee you. 576 00:28:17,359 --> 00:28:18,880 Speaker 1: And the reason why I say that and I can 577 00:28:18,880 --> 00:28:21,359 Speaker 1: put a guarantee on it is because I can guarantee 578 00:28:21,400 --> 00:28:24,359 Speaker 1: you that this is going to be the biggest opportunity 579 00:28:24,400 --> 00:28:26,399 Speaker 1: that you've ever had in your lifetime, and not just 580 00:28:26,400 --> 00:28:28,680 Speaker 1: your life, to multiple lifetimes. And so in order to 581 00:28:28,720 --> 00:28:31,360 Speaker 1: take advantage of it, you need to understand what's going 582 00:28:31,440 --> 00:28:33,480 Speaker 1: on and that's what I'm gonna bring you each and 583 00:28:33,520 --> 00:28:35,720 Speaker 1: every week. Now, do me another favor. While you have 584 00:28:35,760 --> 00:28:37,880 Speaker 1: your phone out, while it's in your hand, why don't 585 00:28:37,920 --> 00:28:39,640 Speaker 1: you just go ahead and go over to Twitter if 586 00:28:39,640 --> 00:28:42,959 Speaker 1: you're on Twitter, or if you're on Instagram, and just 587 00:28:43,000 --> 00:28:46,400 Speaker 1: pull it open and type in one Mark Moss. That's 588 00:28:46,400 --> 00:28:49,080 Speaker 1: the number one. Just one Mark Moss and give me 589 00:28:49,120 --> 00:28:51,600 Speaker 1: a follow, Give me a follow on Twitter, on Instagram 590 00:28:51,720 --> 00:28:54,240 Speaker 1: and give me a common shout out. Give me an 591 00:28:54,280 --> 00:28:56,560 Speaker 1: app and ask me a question. Tell me heard me 592 00:28:56,600 --> 00:28:58,239 Speaker 1: on the radio and ask me a question, and I'll 593 00:28:58,280 --> 00:29:01,280 Speaker 1: make sure to answer that for you next week. I 594 00:29:01,280 --> 00:29:04,440 Speaker 1: don't have live calling yet. We'll get that going at 595 00:29:04,440 --> 00:29:06,160 Speaker 1: some point, but for now, you can tweet at me 596 00:29:06,360 --> 00:29:08,959 Speaker 1: or hit me up on Instagram. Now we're going. We 597 00:29:08,960 --> 00:29:11,200 Speaker 1: were talking about where the price of bitcoin could go. 598 00:29:11,280 --> 00:29:14,080 Speaker 1: Of course, we went with some crazy numbers. I know, 599 00:29:14,120 --> 00:29:16,680 Speaker 1: I went way crazy with that Fidelity. Their fidelity put 600 00:29:16,680 --> 00:29:18,680 Speaker 1: the numbers out. That wasn't me. But they talked about 601 00:29:18,680 --> 00:29:21,840 Speaker 1: the price of bitcoin getting up to one billion dollars 602 00:29:21,880 --> 00:29:24,160 Speaker 1: per coin in the next twenty years. But then of 603 00:29:24,160 --> 00:29:26,240 Speaker 1: course we walked that back and said that yes, but 604 00:29:26,480 --> 00:29:29,400 Speaker 1: in twenty years from now, a billion dollars will buy 605 00:29:29,440 --> 00:29:31,520 Speaker 1: you about the same amount of goods and services that 606 00:29:31,680 --> 00:29:34,680 Speaker 1: one million would be able to buy you right now. 607 00:29:34,720 --> 00:29:36,200 Speaker 1: So we did kind of walk that back a little bit. 608 00:29:36,320 --> 00:29:38,520 Speaker 1: But let's look at some other numbers. So UM, going 609 00:29:38,560 --> 00:29:41,080 Speaker 1: back to the stock to flow model. UM I kind 610 00:29:41,080 --> 00:29:42,840 Speaker 1: of explained before we went to the break. It's basically 611 00:29:42,920 --> 00:29:46,080 Speaker 1: the stock the existing supply, how much supply is available, 612 00:29:46,280 --> 00:29:48,560 Speaker 1: and then the flow, which is the new incoming supply 613 00:29:48,680 --> 00:29:52,080 Speaker 1: or the inflation rate. UM. And so that's one model 614 00:29:52,160 --> 00:29:54,920 Speaker 1: that the guy who created that is a is a 615 00:29:54,920 --> 00:29:59,360 Speaker 1: guy named Plan Bes, a renowned quantitative analyst UM and 616 00:29:59,480 --> 00:30:01,000 Speaker 1: he he's the kind of the one that came up 617 00:30:01,040 --> 00:30:04,320 Speaker 1: with a stock to flow model. He says that he'll 618 00:30:04,360 --> 00:30:06,800 Speaker 1: be caught off guard. He'll be caught off guard. He'll 619 00:30:06,800 --> 00:30:11,240 Speaker 1: be surprised if bitcoin remains below the six figure mark 620 00:30:11,280 --> 00:30:14,840 Speaker 1: by the end. That's what he says. Now he's he's 621 00:30:15,000 --> 00:30:16,560 Speaker 1: he's a pretty smart guy. I mean he looks at 622 00:30:16,600 --> 00:30:19,440 Speaker 1: this a lot, he says, quote quoting him, I would 623 00:30:19,440 --> 00:30:21,680 Speaker 1: be very surprised that bitcoins price would be below a 624 00:30:21,720 --> 00:30:24,240 Speaker 1: hundred thousand dollars the end of the year. That would 625 00:30:24,240 --> 00:30:26,960 Speaker 1: sort of invalidate my view my models, and that would 626 00:30:27,000 --> 00:30:30,200 Speaker 1: certainly surprise me. He went on to say, get ready 627 00:30:30,640 --> 00:30:32,320 Speaker 1: ready for a merry Christmas, because here we go. I 628 00:30:32,400 --> 00:30:34,680 Speaker 1: do think we will see a price that is at 629 00:30:34,760 --> 00:30:38,440 Speaker 1: least a hundred and thirty five thousand by Christmas, because 630 00:30:38,520 --> 00:30:41,120 Speaker 1: that's what my floor model says. Basically, I'm using three 631 00:30:41,200 --> 00:30:45,400 Speaker 1: kinds of models that all say the same thing end quote. 632 00:30:45,440 --> 00:30:48,000 Speaker 1: So remember I talked about having that different models, different 633 00:30:48,000 --> 00:30:51,280 Speaker 1: indicators that that have kind of the same message, and 634 00:30:51,280 --> 00:30:55,480 Speaker 1: that's exactly what he's saying. So, um, shoot, man, if 635 00:30:56,080 --> 00:30:59,000 Speaker 1: if you doubled your money between now and Christmas, would 636 00:30:59,000 --> 00:31:01,560 Speaker 1: that make for a pretty merry SMAs? I think it 637 00:31:01,600 --> 00:31:06,040 Speaker 1: would promote. Now, the problem is money is not wealth. 638 00:31:07,000 --> 00:31:11,320 Speaker 1: Money only communicates wealth. Money tells you how much wealth 639 00:31:11,360 --> 00:31:14,400 Speaker 1: you can go acquire. Wealth is goods and services. If 640 00:31:14,400 --> 00:31:15,480 Speaker 1: you have a bunch of money, if you're on a 641 00:31:15,520 --> 00:31:18,160 Speaker 1: deserted island with no boat, no phone, no food, no nothing, 642 00:31:18,400 --> 00:31:20,040 Speaker 1: you have money with you. It does you know good? Right? 643 00:31:20,080 --> 00:31:21,560 Speaker 1: You need to be able to have good and services, 644 00:31:21,560 --> 00:31:24,680 Speaker 1: of course, And they're saying that by Christmas. Like I 645 00:31:24,720 --> 00:31:26,760 Speaker 1: saw Apple revise their numbers and they said that they 646 00:31:26,760 --> 00:31:28,560 Speaker 1: may not be able to get enough iPhones out for Christmas. 647 00:31:28,600 --> 00:31:32,920 Speaker 1: But basically we're forecasting to have massive shortages on everything 648 00:31:33,000 --> 00:31:36,200 Speaker 1: from food to electronics to automobiles. Everything is gonna be 649 00:31:36,240 --> 00:31:38,960 Speaker 1: in short supply by Christmas. So while you might have 650 00:31:39,000 --> 00:31:41,000 Speaker 1: a lot of money in your account, you may not 651 00:31:41,040 --> 00:31:42,680 Speaker 1: be able to buy as much stuff. But we're going 652 00:31:42,720 --> 00:31:45,000 Speaker 1: to talk about that a little bit later in the show. 653 00:31:45,040 --> 00:31:46,800 Speaker 1: We'll get into some of that stuff because, as we 654 00:31:46,840 --> 00:31:49,800 Speaker 1: always say, bitcoin fixes this, and it can certainly fix 655 00:31:50,080 --> 00:31:52,680 Speaker 1: that problem, but we're gonna stay talking about the price 656 00:31:52,720 --> 00:31:55,960 Speaker 1: for right now. And so we have that stock to 657 00:31:55,960 --> 00:31:59,360 Speaker 1: flow model. That's that's one of the three models. Another 658 00:31:59,360 --> 00:32:02,800 Speaker 1: one we look at is on chain signals are on 659 00:32:02,880 --> 00:32:06,080 Speaker 1: chain data. Now, one thing that makes Bitcoin unique from 660 00:32:06,200 --> 00:32:09,080 Speaker 1: any other asset class out there in the whole world 661 00:32:09,920 --> 00:32:13,040 Speaker 1: is what's called on chain data. And on chain data 662 00:32:13,200 --> 00:32:16,320 Speaker 1: is interesting because basically, you know, the Bitcoin network is 663 00:32:16,320 --> 00:32:19,760 Speaker 1: is what's called open. It's anonymous, so you can see 664 00:32:19,760 --> 00:32:22,240 Speaker 1: all the transactions that are happening on it, but you 665 00:32:22,280 --> 00:32:24,160 Speaker 1: don't know who it belongs to. So it's anonymous, but 666 00:32:24,200 --> 00:32:26,800 Speaker 1: it's open and you can see that. And and because 667 00:32:26,800 --> 00:32:29,600 Speaker 1: of that, it allows us to see this data and 668 00:32:29,720 --> 00:32:32,560 Speaker 1: helps us to really understand what's going on in the network. 669 00:32:33,040 --> 00:32:37,080 Speaker 1: And so, for example, if we're looking at on chain data, 670 00:32:37,760 --> 00:32:40,120 Speaker 1: what we can see is um like, we can see 671 00:32:40,280 --> 00:32:44,320 Speaker 1: bitcoin balances that are sitting on exchanges. We can see 672 00:32:44,560 --> 00:32:47,600 Speaker 1: how many new wallets are being created. We can see 673 00:32:47,600 --> 00:32:51,840 Speaker 1: what the average purchase sizes. Another one that's super interesting 674 00:32:52,400 --> 00:32:56,000 Speaker 1: is we can see the age of the coins, so 675 00:32:56,040 --> 00:32:58,720 Speaker 1: we can see how long those coins have stayed put 676 00:32:58,880 --> 00:33:01,800 Speaker 1: or or moved, and that helps us to understand who 677 00:33:01,800 --> 00:33:04,280 Speaker 1: were the short term traders and who were the long 678 00:33:04,400 --> 00:33:07,400 Speaker 1: term hoddlers, the ones that are holding for the long term. 679 00:33:07,440 --> 00:33:09,800 Speaker 1: So there's some some really really interesting things that we 680 00:33:09,840 --> 00:33:11,600 Speaker 1: can get from that on chain data that you just 681 00:33:11,640 --> 00:33:14,120 Speaker 1: can't get for anything. There's nothing else in the world 682 00:33:14,120 --> 00:33:16,160 Speaker 1: that you can do that with, and so that's pretty helpful. 683 00:33:16,560 --> 00:33:18,120 Speaker 1: One one thing that we saw with on change data, 684 00:33:18,160 --> 00:33:24,240 Speaker 1: it's pretty interesting. Um just just today, over seventeen thousand 685 00:33:24,720 --> 00:33:29,640 Speaker 1: bitcoin were withdrawn off of exchanges over the last hour. 686 00:33:29,960 --> 00:33:32,720 Speaker 1: That's just over the last hour, that's today, seventeen thousand 687 00:33:32,840 --> 00:33:37,360 Speaker 1: bitcoin pulled off of exchanges. Now what does that mean exactly? Well, 688 00:33:37,680 --> 00:33:41,880 Speaker 1: first of all, seventeen thousand just to give you some perspective, 689 00:33:41,960 --> 00:33:44,640 Speaker 1: that's over a billion dollars. At one point one billion 690 00:33:44,680 --> 00:33:47,760 Speaker 1: dollars was taken off of exchanges. And so when it's 691 00:33:47,760 --> 00:33:50,000 Speaker 1: taken off of exchanges, that means it's going into like 692 00:33:50,520 --> 00:33:53,280 Speaker 1: a private wallet like cold storage or something like that. 693 00:33:53,680 --> 00:33:55,760 Speaker 1: And so when it's pulled off of exchange, that means 694 00:33:55,800 --> 00:33:58,440 Speaker 1: it's not going to be exchanged or traded. Right, So 695 00:33:58,440 --> 00:34:01,719 Speaker 1: if people bought bitcoin and then exchange it for another cryptocurrency, 696 00:34:01,840 --> 00:34:05,200 Speaker 1: or they moved into a stable coin, um, they're buying, selling, buying, selling, 697 00:34:05,240 --> 00:34:07,280 Speaker 1: buy and selling, that'd be one thing. This is taking 698 00:34:07,280 --> 00:34:09,840 Speaker 1: it off of the supply, taking off the exchange. And 699 00:34:09,880 --> 00:34:13,919 Speaker 1: again remember supply and demand. And so if you take 700 00:34:14,400 --> 00:34:17,360 Speaker 1: if you take seventeen thousand coins out of supply and 701 00:34:17,360 --> 00:34:19,640 Speaker 1: the demand stays the same, then the price continues to 702 00:34:19,640 --> 00:34:22,960 Speaker 1: go up. So that's one thing that's UM pretty interesting, 703 00:34:23,040 --> 00:34:25,640 Speaker 1: I would say from that. Another thing that's pretty interesting 704 00:34:25,640 --> 00:34:29,000 Speaker 1: with some on chained data is we can see, um, 705 00:34:29,040 --> 00:34:30,799 Speaker 1: we can see, like I was saying, the age of 706 00:34:30,840 --> 00:34:33,239 Speaker 1: the coins, and what we can see is that over 707 00:34:33,560 --> 00:34:38,319 Speaker 1: UM I think it's coins haven't moved for more than 708 00:34:38,440 --> 00:34:42,440 Speaker 1: ninety days, and so that means that long term hoddlers 709 00:34:42,880 --> 00:34:45,319 Speaker 1: are in control of the market. So that means there's 710 00:34:45,400 --> 00:34:48,080 Speaker 1: you know, ten or of the supply that's available to 711 00:34:48,120 --> 00:34:51,000 Speaker 1: buy and sell. The rest of it's locked up, it's 712 00:34:51,000 --> 00:34:54,680 Speaker 1: off the market. And that's another thing. And so that 713 00:34:54,680 --> 00:34:57,200 Speaker 1: that helps us see that um. And then there's another 714 00:34:57,200 --> 00:34:59,040 Speaker 1: thing called a floor model that helps us find them 715 00:34:59,080 --> 00:35:02,080 Speaker 1: with the lowest possible prices, and that would use things 716 00:35:02,120 --> 00:35:05,160 Speaker 1: like cost to mind, etcetera, things like that. But what 717 00:35:05,239 --> 00:35:06,799 Speaker 1: we can see is that when we look at all 718 00:35:06,840 --> 00:35:08,480 Speaker 1: of those, when we look at all three of those, 719 00:35:08,640 --> 00:35:10,279 Speaker 1: and as plan B says, right there all kind of 720 00:35:10,280 --> 00:35:14,879 Speaker 1: showing the same thing. He says, uh quote, I would 721 00:35:14,920 --> 00:35:18,960 Speaker 1: say that the top is at least um, say, six 722 00:35:19,000 --> 00:35:21,440 Speaker 1: months from here, so the end of Q one of 723 00:35:21,480 --> 00:35:24,920 Speaker 1: two or maybe later. He went on to say that 724 00:35:25,000 --> 00:35:27,200 Speaker 1: the top end of his stock to flow model pins 725 00:35:27,239 --> 00:35:29,719 Speaker 1: the price of bitcoin at two hundred and eighty eight 726 00:35:29,760 --> 00:35:33,160 Speaker 1: thousand dollars at the peak of this cycle, the big 727 00:35:33,239 --> 00:35:35,160 Speaker 1: number where it's sixty five thousand a day to get 728 00:35:35,200 --> 00:35:37,080 Speaker 1: to eighty eight. Now, and let me just say real quick, 729 00:35:37,120 --> 00:35:39,799 Speaker 1: this is not financial advice. I am not telling you 730 00:35:39,800 --> 00:35:42,160 Speaker 1: to go buy bitcoin. Don't hold me to it. All 731 00:35:42,200 --> 00:35:45,720 Speaker 1: I'm doing is reading to you what other analysts are thinking. Again, 732 00:35:45,760 --> 00:35:48,000 Speaker 1: I am not telling you to go buy it um. 733 00:35:48,000 --> 00:35:49,759 Speaker 1: This is not financial advice, so I'll just go ahead 734 00:35:49,760 --> 00:35:51,879 Speaker 1: and say that. But basically he says that these three 735 00:35:51,920 --> 00:35:54,799 Speaker 1: models are pointing to that a price target of two 736 00:35:54,840 --> 00:35:56,760 Speaker 1: eighty eight, So we kind of have this range somewhere 737 00:35:56,760 --> 00:35:59,600 Speaker 1: between one thirty five to eighty eight, which, of course 738 00:35:59,640 --> 00:36:01,400 Speaker 1: any of the those numbers I think would be okay with. 739 00:36:01,960 --> 00:36:03,880 Speaker 1: He went on to say that I wouldn't not be 740 00:36:03,920 --> 00:36:06,680 Speaker 1: surprised even to see in Q one or Q two 741 00:36:06,719 --> 00:36:10,240 Speaker 1: of next year prices from three four or even five 742 00:36:10,360 --> 00:36:14,680 Speaker 1: hundred thousand dollars um. And so that's interesting. That's really interesting. 743 00:36:14,719 --> 00:36:18,640 Speaker 1: Now going back to what Fidelity said, remember that also 744 00:36:18,719 --> 00:36:21,880 Speaker 1: means that the dollars just aren't buying as much anymore. 745 00:36:22,000 --> 00:36:24,440 Speaker 1: So I want you to just kind of keep that 746 00:36:24,480 --> 00:36:26,759 Speaker 1: in mind as we're talking about this. But that's where 747 00:36:26,800 --> 00:36:30,360 Speaker 1: things would go. Now, that's all about the price. I 748 00:36:30,400 --> 00:36:32,479 Speaker 1: want to dig in and talk about more than just price. 749 00:36:32,560 --> 00:36:34,680 Speaker 1: There's more We're gonna talk about these e t f s. 750 00:36:34,719 --> 00:36:36,520 Speaker 1: As I was kind of saying, there's two different types 751 00:36:36,560 --> 00:36:39,280 Speaker 1: of ETFs UM, and you really need to be aware 752 00:36:39,320 --> 00:36:41,560 Speaker 1: of the two different types that are available. One is 753 00:36:41,600 --> 00:36:43,440 Speaker 1: way more risky than the other. So I want you 754 00:36:43,480 --> 00:36:46,360 Speaker 1: to understand that what we're gonna talk about that, dangers 755 00:36:46,520 --> 00:36:48,880 Speaker 1: of that, and so forth. When we get back. You 756 00:36:48,920 --> 00:36:51,279 Speaker 1: are listening to the Mark mass Show, where I bring 757 00:36:51,320 --> 00:36:57,960 Speaker 1: to the latest information for bitcoin, cryptocurrencies and this decentralized revolution. 758 00:36:58,040 --> 00:37:00,919 Speaker 1: Each and every week, UM, put aleut your phone, put 759 00:37:00,920 --> 00:37:03,160 Speaker 1: it on your calendar, don't miss me next week on 760 00:37:03,160 --> 00:37:05,040 Speaker 1: this channel. Like I said, this is going to be 761 00:37:05,160 --> 00:37:07,239 Speaker 1: the information that you need to know. It's literally going 762 00:37:07,280 --> 00:37:09,840 Speaker 1: to be life changing information because this is gonna be 763 00:37:09,840 --> 00:37:14,440 Speaker 1: the biggest opportunity that you will ever witness in your lifetime. 764 00:37:14,760 --> 00:37:16,279 Speaker 1: And I don't want you to get caught up with 765 00:37:16,320 --> 00:37:18,400 Speaker 1: the rest of the sheep and the rest of the mania. 766 00:37:18,880 --> 00:37:20,600 Speaker 1: I want to bring you that information that you need 767 00:37:20,640 --> 00:37:23,200 Speaker 1: to know. Um, you're listening to the Mark Moss Show. 768 00:37:23,760 --> 00:37:26,200 Speaker 1: Don't go away. I'm going to be right back.