WEBVTT - The Mark Moss Show Dec 08, 2021 0:00:00.040 --> 0:00:03.000 Hello, and welcome to another episode of The Mark Moss Show, 0:00:03.080 --> 0:00:06.440 where we're talking about bitcoin, We're talking about cryptocurrencies, and 0:00:06.480 --> 0:00:10.080 we're talking about the decentralized revolution that we are all 0:00:10.240 --> 0:00:12.800 living through right now, whether you whether you realize it 0:00:12.880 --> 0:00:15.640 or not, whether you realize it or not, it's happening 0:00:16.280 --> 0:00:19.000 and we're witnessing and a lot of people are getting 0:00:19.440 --> 0:00:24.120 ridiculously wealthy, building wealth that could last multiple generations. I am. 0:00:24.200 --> 0:00:26.880 The question is are you I want you to be, 0:00:27.160 --> 0:00:29.920 which is why I'm doing this show, and which is 0:00:29.960 --> 0:00:31.880 why you should be tuning in each and every week 0:00:32.440 --> 0:00:35.440 so you can have the information that you need to 0:00:36.240 --> 0:00:39.040 have the right perspective to have the long term perspective. Now, 0:00:39.400 --> 0:00:43.320 I'm not a gambler, Um, I'm not a trader. I 0:00:43.360 --> 0:00:48.240 don't think that the average person should be gambling away. 0:00:48.280 --> 0:00:52.000 They're hard and an income and unfortunately, that's what we're 0:00:52.000 --> 0:00:54.959 seeing in the marketplace today. UM. About a month ago, 0:00:55.080 --> 0:00:58.360 we saw options trading surpass stock trading for the first 0:00:58.360 --> 0:01:01.520 time in history. What does that mean? That means that 0:01:01.520 --> 0:01:04.040 we're in a gambler culture right now. We're in a 0:01:04.040 --> 0:01:08.080 gambler economy. Um. Options trading is gambling on the future 0:01:08.120 --> 0:01:11.959 price of an asset versus stock. Investing is like buying 0:01:12.200 --> 0:01:14.679 equity of a company, right, like warm buffet about Coca 0:01:14.760 --> 0:01:17.320 Cola sixty five years ago because it was a great company. 0:01:17.360 --> 0:01:19.280 It continues to pay lots of cash flow for him. 0:01:19.319 --> 0:01:22.280 That's an asset, it's an investment. Um. Options trading is 0:01:22.319 --> 0:01:24.280 only gambling on which way the price is going to be. 0:01:25.040 --> 0:01:28.600 And the problem with options trading and gambling, crypto trading, 0:01:28.840 --> 0:01:32.280 you know, meme stocks, whatever it is, it's not providing 0:01:32.319 --> 0:01:35.640 any value to the world. Now, we're supposed to get 0:01:35.680 --> 0:01:38.560 money for the value that we provide. If you want 0:01:38.600 --> 0:01:40.920 to make more money, you have to provide more value. 0:01:41.280 --> 0:01:43.720 That's the way it works. Um, I should get paid 0:01:43.760 --> 0:01:49.000 for for solving somebody else's problem or need, right, And 0:01:49.040 --> 0:01:52.200 that's how it works. When I got my investing career started, uh, 0:01:52.280 --> 0:01:54.960 I was eighteen, I bought U my first house. It 0:01:55.040 --> 0:01:58.400 was a bank owned repo at the time. Um, well 0:01:58.840 --> 0:02:01.600 still today, but at at the time, the bank's owned 0:02:01.640 --> 0:02:03.919 all these these houses out there with all these repossessed houses, 0:02:03.960 --> 0:02:06.440 and a lot of times these repossessed houses got thrashed 0:02:06.480 --> 0:02:09.200 like the people would throw you know, param up, tear 0:02:09.240 --> 0:02:12.600 out the kitchen, tear out the floors, et cetera, and um. 0:02:12.600 --> 0:02:15.320 The banks couldn't sell these two regular retail people because 0:02:15.440 --> 0:02:18.680 banks won't make loans on houses that don't have kitchens 0:02:18.760 --> 0:02:20.560 or don't have floors in them, And so they needed 0:02:20.639 --> 0:02:22.680 somebody like me, an investor, to come in buy the 0:02:22.720 --> 0:02:25.799 house and then fix it up, make it look brand 0:02:25.800 --> 0:02:27.919 new again, and then it could be sold. So I 0:02:27.960 --> 0:02:31.720 was buying it, I was providing value, and then I 0:02:31.760 --> 0:02:33.320 was making money. So I was making money for the 0:02:33.400 --> 0:02:36.200 value I was providing. But when you're trading stocks, you're 0:02:36.240 --> 0:02:39.239 trading cryptocurrencies, or you're training options, you're not providing value 0:02:39.240 --> 0:02:40.919 to anything. Are you doing? Trading one asked for another, 0:02:40.960 --> 0:02:43.360 trading trade and trade and trade and trading um, and 0:02:43.400 --> 0:02:47.000 so there's there's there's no value that's being provided by that. 0:02:47.080 --> 0:02:49.480 But that's just a sign of the times that we're in, 0:02:51.160 --> 0:02:53.840 I think for the average person. For for for every 0:02:53.840 --> 0:02:56.120 story that you hear about somebody hitting it big and 0:02:56.120 --> 0:02:59.920 they bought sheibu inu and made five thousand percent um, 0:03:00.080 --> 0:03:02.280 there's another million people that bought a bunch of other 0:03:02.320 --> 0:03:04.200 coins that didn't and they bought shebu at the top 0:03:04.240 --> 0:03:07.360 and lost all their money and so um. There's also 0:03:07.400 --> 0:03:09.959 stories that people win in the lottery every day. But 0:03:10.000 --> 0:03:11.600 you don't rush out and buy all all your lottery 0:03:11.639 --> 0:03:13.200 tickets either. Now, if you want to buy a couple 0:03:13.280 --> 0:03:15.520 lottery tickets, you know, more power to you do that. 0:03:15.840 --> 0:03:17.480 You want to go to Vegas and gamble a little bit, sure, 0:03:17.600 --> 0:03:19.639 go have some fun. Right, you want to go gamble 0:03:19.639 --> 0:03:21.280 and shebu we knew, go ahead and do that as well, 0:03:21.600 --> 0:03:23.160 But just know what you're doing, right. You wouldn't want 0:03:23.160 --> 0:03:24.800 to You wouldn't want to go buy You wouldn't take 0:03:24.880 --> 0:03:27.800 all the money you have and buy lottery tickets with it. Uh, 0:03:27.880 --> 0:03:29.359 Nor would you take all your money and go to Vegas. 0:03:29.400 --> 0:03:31.560 But hopefully you wouldn't. And you definitely shouldn't take all 0:03:31.560 --> 0:03:34.800 your money and go buy these risky crypto assets or 0:03:34.800 --> 0:03:37.440 options trade either. And so really the best way is 0:03:37.480 --> 0:03:40.360 to buy trophy assets. I'm scarce assets that are gonna 0:03:40.360 --> 0:03:43.880 continue to go open value and you hold onto those. Um. 0:03:43.920 --> 0:03:46.080 You know, the stock markets averaged about a six to 0:03:46.160 --> 0:03:48.200 eight percent return, depend on if you look at it. 0:03:48.240 --> 0:03:50.000 You know what time period you look at it, sixty years, 0:03:50.000 --> 0:03:53.120 eighty years, etcetera. UM and bitcoin has been averaging a 0:03:53.200 --> 0:03:56.680 two hundred percent compotent annual growth rate, which is way 0:03:56.680 --> 0:03:59.120 better two hundreds, way better than six. But for some 0:03:59.160 --> 0:04:02.000 reason in today's game of their economy, isn't that good anymore, 0:04:02.000 --> 0:04:03.560 I guess, And now people need to make I need 0:04:03.600 --> 0:04:06.800 to make two two hundred uh times on my money 0:04:06.840 --> 0:04:09.600 in in thirty days or it's no good. And unfortunately 0:04:09.600 --> 0:04:13.000 that's just a recipe for disaster. Um. But I want 0:04:13.000 --> 0:04:14.520 to give you the information that you need that you 0:04:14.520 --> 0:04:16.960 can continue to hold. I mean, I've been telling people 0:04:17.000 --> 0:04:18.760 to buy a bitcoins since it was three hundred bucks, 0:04:19.520 --> 0:04:21.640 when it was three thousand bucks, when it was thirty 0:04:21.680 --> 0:04:24.520 thousand bucks, and every time it drops, people like, oh, Mark, 0:04:24.600 --> 0:04:25.960 you told me to hold this thing, and now it 0:04:26.000 --> 0:04:28.760 lost value. I'm mad. And it's like, oh you're mad. 0:04:28.800 --> 0:04:30.640 It dropped all the way to two thousand, right or whatever. 0:04:30.720 --> 0:04:32.960 But now it's in fifty six thousand. So that's what 0:04:33.000 --> 0:04:35.760 this information is for us. Why that's it's powerful, it's important. 0:04:36.200 --> 0:04:37.960 I do also like to say a lot of times 0:04:38.000 --> 0:04:42.320 that the price is a distraction, right, and so we 0:04:42.400 --> 0:04:45.719 know that it's going to continue going up, but the 0:04:45.720 --> 0:04:48.359 short term price is a distraction. Zoomed out. We can 0:04:48.400 --> 0:04:50.040 see the price always goes up, but short term it's 0:04:50.040 --> 0:04:51.200 a distraction. What we want to look at is we 0:04:51.240 --> 0:04:52.960 want to look at the growth of the network. We 0:04:52.960 --> 0:04:55.440 want to look at the development going on the network, 0:04:56.040 --> 0:04:57.720 and as long as we pay attention to that, as 0:04:57.720 --> 0:04:59.159 long as those things will continue to go up, then 0:04:59.160 --> 0:05:03.120 the price will take care of itself. And we every 0:05:03.240 --> 0:05:07.640 day we're seeing new developments happening that are telling us 0:05:07.720 --> 0:05:12.160 that those two numbers are going up massive. Now, something 0:05:12.279 --> 0:05:17.120 big happened yesterday, and it's it's actually really big because 0:05:17.720 --> 0:05:20.320 it actually coincides with something else that was really big 0:05:20.560 --> 0:05:25.159 back in two thousand seventeen. So back in two thousand seventeen, 0:05:26.200 --> 0:05:31.640 that was the crazy cryptocurrency bull run. From the beginning 0:05:31.680 --> 0:05:33.680 of twenty seventeen, I think Bitcoin was like a thousand 0:05:33.760 --> 0:05:36.279 dollars and by the end of Seen and end up 0:05:36.320 --> 0:05:40.640 as a twenty x in twelve months, which was insane. 0:05:41.000 --> 0:05:44.240 Ethereum did even better. Ethereum did even more than that, 0:05:44.880 --> 0:05:47.560 and lots of smaller cryptocurrency. I had one cryptocurrency that 0:05:47.600 --> 0:05:50.320 went up a hundred thousand percent in that time frame, 0:05:50.320 --> 0:05:52.240 which is enough to turn five hundred bucks into five 0:05:52.320 --> 0:05:56.880 hundred thousands insane, but things were going hot and heavy. 0:05:56.920 --> 0:05:59.880 The market was going up, asked, you know, these cryptosis 0:05:59.920 --> 0:06:03.200 were going sky high. Uh, it was sucking in all 0:06:03.279 --> 0:06:05.600 kinds of speculators. And and the more it goes up, 0:06:05.640 --> 0:06:08.240 the more money it starts sucking in, because humans were 0:06:08.240 --> 0:06:11.160 just motivated by two things were motivated by um, rushing 0:06:11.200 --> 0:06:14.600 to pleasure and running from pain. And so when everybody's 0:06:14.600 --> 0:06:17.320 making money and I'm not, I want that pleasure, so 0:06:17.360 --> 0:06:19.720 I'm rushing in. And so the more it goes up, 0:06:20.080 --> 0:06:22.000 the more people it sucks in, which then means the 0:06:22.040 --> 0:06:23.640 more it goes up, which means the more people sucks in. 0:06:23.640 --> 0:06:27.279 It's kind of sulflfient prophecy. And so it continues going up. Now, 0:06:27.680 --> 0:06:29.919 right at the top, at the end of this December 0:06:30.440 --> 0:06:33.640 of two thousand seventeen, when the cryptocurrency markets were going 0:06:33.680 --> 0:06:35.919 hot and heavy and everything was going on, there was 0:06:35.960 --> 0:06:40.440 a coordinated attack, a coordinating attack that shut down the 0:06:40.480 --> 0:06:42.480 cryptocurrency industry. And I'm sure a lot of you guys 0:06:42.560 --> 0:06:45.719 probably know that Bitcoin went dropped from you know, nineteen 0:06:45.760 --> 0:06:48.880 thousand down to like three thousand and Ethereum dropped and 0:06:49.120 --> 0:06:53.520 the entire cryptocurrency market crashed in a lot of you 0:06:53.600 --> 0:06:56.039 may not know that it was actually somewhat of a 0:06:56.080 --> 0:07:00.360 coordinated attack. And one of the big attack vectors was 0:07:00.839 --> 0:07:04.240 that markets stopped going up. Prices stop going up when 0:07:04.240 --> 0:07:07.800 there's no more buyers. Markets also stopped going down when 0:07:07.800 --> 0:07:10.280 there's no more sellers, but markets stopped going up when 0:07:10.280 --> 0:07:11.960 there's no more buyers. So, as I'm saying, right, as 0:07:11.960 --> 0:07:13.720 the prices are going up, it's sucking more people, and 0:07:13.880 --> 0:07:16.040 it's sucking more people, and it's sucking more people in. 0:07:16.880 --> 0:07:20.160 But how do those people hear about it to get 0:07:20.160 --> 0:07:24.840 sucked in the first place? Right, Well, it's probably not 0:07:24.880 --> 0:07:27.320 a big surprise that the majority of people are on 0:07:27.440 --> 0:07:33.320 social media these days, Facebook, Google, etcetera, YouTube, etcetera. Right, 0:07:33.800 --> 0:07:37.640 And so um, everyone's talking about it on social media 0:07:38.120 --> 0:07:41.840 like like everything else. And in in in December of 0:07:41.880 --> 0:07:47.600 two thousand seventeen, Facebook and Google banned all crypto advertising. 0:07:47.720 --> 0:07:51.280 You couldn't advertise it at all. We'll remember, markets stopped 0:07:51.280 --> 0:07:53.960 going up when there's no more buyers. And if no 0:07:54.000 --> 0:07:58.480 one can advertise, how is there going to be an awareness? 0:07:58.480 --> 0:08:00.960 And if there's no awareness, there's no new buyers coming in. 0:08:01.640 --> 0:08:03.160 And that was one piece of the other piece of 0:08:03.160 --> 0:08:06.640 it was that UM a lot of the banks banned 0:08:06.680 --> 0:08:09.800 cryptocurrency U activity, so you couldn't transfer money from your 0:08:09.800 --> 0:08:12.880 bank account to your crypto account or or use credit 0:08:12.920 --> 0:08:14.600 cards to buy it. That was another another big piece. 0:08:15.120 --> 0:08:16.640 A lot of people think it was because the futures 0:08:16.640 --> 0:08:20.240 were launched in December seventeen. I don't know if that's 0:08:20.280 --> 0:08:22.040 necessarily the case. I think it was more of this 0:08:22.080 --> 0:08:27.160 coordinated attack. They took away the new buyers and so UM. 0:08:27.200 --> 0:08:30.320 Since since basically the December of two seventeen, you haven't 0:08:30.320 --> 0:08:32.000 been able to ban or you haven't been able to 0:08:32.040 --> 0:08:36.400 advertise any type of cryptocurrency, and without that, you don't 0:08:36.440 --> 0:08:41.640 have the buyers. But something big change this week that 0:08:41.720 --> 0:08:46.360 changes all of that. It might be guessing what it is, 0:08:46.960 --> 0:08:48.319 but I'm not going to give it away. I want 0:08:48.320 --> 0:08:50.440 to tell you what that big piece of news was. 0:08:50.960 --> 0:08:52.680 But more important, they want to give you the context 0:08:52.679 --> 0:08:55.720 of what it's said and what I think happens from that, 0:08:55.760 --> 0:08:57.680 because a lot of times you read the headline UM 0:08:57.760 --> 0:08:59.480 and it's like, okay, yeah, whatever, but maybe you don't 0:08:59.480 --> 0:09:02.400 really unders and the impact of what this means. I 0:09:02.480 --> 0:09:03.600 want to tell you what that is. I want to 0:09:03.600 --> 0:09:06.000 give you the context of what that is. And then 0:09:06.040 --> 0:09:08.400 we're gonna talk about, um, the other big lever that 0:09:08.440 --> 0:09:10.280 we need to be looking at. And there was something 0:09:10.320 --> 0:09:13.920 else that really really really was big this week, UM 0:09:13.960 --> 0:09:15.640 and on the other level that we should be watching 0:09:15.760 --> 0:09:18.200 the development, So I wanna talk about that as well. 0:09:18.480 --> 0:09:20.040 By the way, you're listening to the Mark Mo Show, 0:09:20.040 --> 0:09:22.240 of course, we're talking about bitcoin. If you're just tuning in, 0:09:22.280 --> 0:09:24.320 we talking about bitcoin, We're talking about cryptocurrencies. We're talking 0:09:24.320 --> 0:09:28.239 about the decentralized revolution. We're talking about the largest asymmetric 0:09:28.240 --> 0:09:30.679 opportunity that you will ever witness in your lifetime. And 0:09:30.720 --> 0:09:33.760 if you get the right information, you can participate in it. 0:09:34.320 --> 0:09:36.480 So you know, don't go away. I'll bring it back. 0:09:36.840 --> 0:09:39.960 All right, Welcome back. You are back with me Mark Moss. 0:09:40.000 --> 0:09:41.880 You listen to the Mark Mo Show. We're talking about bitcoin, 0:09:42.160 --> 0:09:45.840 we're talking about cryptocurrencies, we are talking about the decentralized 0:09:45.880 --> 0:09:51.280 revolution that we're witnessing, and we're talking about um lots 0:09:51.280 --> 0:09:52.839 of things each and every week. We're talking about lots 0:09:52.840 --> 0:09:55.040 of things that don't miss out. Uh, if you're not 0:09:55.120 --> 0:09:57.000 driving and pull out your phone, put a calendar reminder 0:09:57.040 --> 0:10:00.000 for this channel, this station, this time, and make sure 0:10:00.040 --> 0:10:01.920 you tune in with me each and every week. It's 0:10:01.920 --> 0:10:03.680 gonna be the most important part of your week. I 0:10:03.679 --> 0:10:06.400 can pretty much guarantee that for you, at least over 0:10:06.440 --> 0:10:08.800 a long period of time, it will be. So. Before 0:10:08.800 --> 0:10:12.040 the break, we were talking about how the prices is 0:10:12.080 --> 0:10:14.559 a distraction. I said that all the time, UM, what 0:10:14.600 --> 0:10:16.560 we want to do is focus on the growth of 0:10:16.600 --> 0:10:18.640 the network, and we want to focus on the development 0:10:18.640 --> 0:10:20.040 on the network, and as long as those two things 0:10:20.080 --> 0:10:21.640 are happening in the price will continue to take care 0:10:21.640 --> 0:10:25.560 of itself. I was talking about how in we you know, 0:10:25.720 --> 0:10:29.760 was the last really really crazy parabolic we call it 0:10:30.160 --> 0:10:33.440 bull run in the cryptocurrency markets, and UM big one 0:10:33.480 --> 0:10:35.559 went from a thousand to twenty thousand, and Ethereum and 0:10:35.600 --> 0:10:37.200 all the other ones you know went up even higher 0:10:38.440 --> 0:10:41.880 and UM but then in in December it was like 0:10:41.880 --> 0:10:45.400 a coordinated attack and Facebook and Google shut down. They 0:10:45.480 --> 0:10:49.600 banned all advertising, and markets stopped going up and there's 0:10:49.600 --> 0:10:52.720 no more buyers. And so if you can't advertise, you 0:10:52.760 --> 0:10:54.600 can't you don't you don't get a lot of new 0:10:54.600 --> 0:10:57.839 buyers coming into the market. It's pretty simple. Well, this 0:10:57.920 --> 0:11:03.560 week we saw, uh, we saw that. Facebook retreats from 0:11:03.600 --> 0:11:07.720 the crypto ad band. Facebook on Wednesday announcedy's decision to 0:11:07.760 --> 0:11:12.040 reverse longstanding policy that prevented cryptocurrency companies from running ads 0:11:12.080 --> 0:11:16.120 on its services. The move comes after the company tried 0:11:16.200 --> 0:11:19.520 and failed to launch a cryptocurrency that was intended to 0:11:19.559 --> 0:11:22.560 send money easily across the world via the company's services. 0:11:23.960 --> 0:11:27.600 And the company's new policy is huge for the crypto 0:11:27.640 --> 0:11:33.640 industry and will allow more keyword, will allow more retail 0:11:33.679 --> 0:11:39.240 investors to access cryptocurrencies than ever before. M hm. So 0:11:39.440 --> 0:11:42.640 if markets stopped going up when there's new no more buyers. 0:11:43.120 --> 0:11:46.960 They banned advertising, no more buyers came in, the market crashed. 0:11:48.240 --> 0:11:51.800 Now the market's going back up and they are about 0:11:51.880 --> 0:11:56.160 to open the floodgates. Are you kidding me? Listen to 0:11:56.200 --> 0:11:59.240 what they said. The company's new policy is huge for 0:11:59.280 --> 0:12:03.040 the cryptodustry and will allow more retail investors to access 0:12:03.040 --> 0:12:09.000 cryptocurrencies than ever before. So with more buyers coming in, 0:12:10.720 --> 0:12:13.360 let me ask you a question, um, based off of 0:12:13.360 --> 0:12:15.200 this that I just read you, We're gonna dig into 0:12:15.240 --> 0:12:18.240 it a little bit more. But based off this, do 0:12:18.280 --> 0:12:21.400 you think there will be more people owning cryptocurrency in 0:12:21.400 --> 0:12:25.240 the near future or less. Yeah, I'm guessing more, right. 0:12:25.960 --> 0:12:29.960 And if more people try to buy a fixed, limited 0:12:29.960 --> 0:12:34.160 amount of goods, what do you think happens? If you 0:12:34.280 --> 0:12:37.040 guess the price goes up, then you would be guessing right. 0:12:37.200 --> 0:12:42.439 That's exactly what happens. And so, um, let me read 0:12:42.480 --> 0:12:44.840 that to you one more time. The company's new policy 0:12:44.960 --> 0:12:47.960 is huge for the crypt industry and will allow more 0:12:48.080 --> 0:12:51.480 retail investors taxes cryptocurrency, so more they think it's gonna 0:12:51.480 --> 0:12:52.760 be more. I think it's gonna be more. I think 0:12:52.760 --> 0:12:54.640 more people trying to cram into a limited amount of 0:12:54.720 --> 0:12:59.559 scarce goods is going to continue pushing the prices up. 0:12:59.840 --> 0:13:03.840 Is says that Facebook announced this decision to reverse longstanding policy. Um. 0:13:03.880 --> 0:13:06.560 And what's interesting is that it comes after the company, which, 0:13:06.679 --> 0:13:09.800 of course, by the way, Facebook is now called Meta. Um. 0:13:09.840 --> 0:13:12.000 It comes after they tried and failed to launch their 0:13:12.000 --> 0:13:16.679 own cryptocurrency. So a lot of people, you know, speculated, 0:13:16.720 --> 0:13:20.040 including myself backen like, was this part of like some 0:13:20.200 --> 0:13:23.880 coordinated government kind of attack where like, hey, let's ban advertising, 0:13:23.960 --> 0:13:26.320 let's ban banking access, all those things at the same time, 0:13:27.360 --> 0:13:31.320 or was it really a competition thing where um, they 0:13:31.320 --> 0:13:33.160 were trying to launch their own cryptocurrency and they didn't 0:13:33.160 --> 0:13:35.160 want anyone advertising other ones because they were trying to 0:13:35.200 --> 0:13:38.640 slow those down so that they could launch their own. 0:13:39.320 --> 0:13:41.760 If that makes sense, right, Like why would I allow 0:13:41.840 --> 0:13:44.920 someone else to advertise their product on my platform that's 0:13:44.920 --> 0:13:47.199 going to compete with my product? Like I wouldn't want that, right, 0:13:47.240 --> 0:13:51.480 neither would you? And so that there was also speculation, 0:13:51.600 --> 0:13:55.480 and it seems maybe that's the case because this this 0:13:55.520 --> 0:13:59.400 move comes after the company tried and failed to launch cryptocurrency, 0:14:00.080 --> 0:14:03.040 so UM they've kind of given up UM. The person 0:14:03.040 --> 0:14:04.760 that was leading the charge of that, his name was 0:14:04.840 --> 0:14:07.440 David Marcus. He announced UM this week that he was 0:14:07.440 --> 0:14:09.840 going to leave the company at the end of the year. 0:14:11.200 --> 0:14:15.280 And so he's leaving. They gave up, and what the heck, 0:14:15.360 --> 0:14:22.000 let's just open up crypto cryptocurrency advertising and then UM, 0:14:22.080 --> 0:14:24.640 let's open up the floodgates. In their own words, it's 0:14:24.680 --> 0:14:28.520 going to bring more more retail people into the space. 0:14:29.120 --> 0:14:31.720 I think that is going to be massive. I think 0:14:31.720 --> 0:14:36.760 it will be very, very very massive. UM. So anyway, 0:14:36.800 --> 0:14:38.640 that's big news. Now, remember what are the two things 0:14:38.680 --> 0:14:40.920 that we're looking at, Not the price, we're looking at 0:14:40.960 --> 0:14:43.480 the number of users, the growth of the network, and 0:14:43.560 --> 0:14:45.880 the development on the network. So this is going to 0:14:46.160 --> 0:14:49.760 increase the users, will increase the growth of the networks. 0:14:49.840 --> 0:14:54.240 That's that's a big piece of it. Um. The other 0:14:54.280 --> 0:14:57.160 big piece of it though, is not just the growth 0:14:57.160 --> 0:14:59.320 of the network, but it's the development on the network. 0:14:59.320 --> 0:15:00.920 So we want to see the development on the network, 0:15:00.960 --> 0:15:05.520 meaning um, you know, new technologies, um, new applications. But 0:15:05.720 --> 0:15:09.280 also we want to see like mind share development. So 0:15:09.320 --> 0:15:11.120 what do I mean by that. I mean like attracting 0:15:11.200 --> 0:15:14.520 the best, attracting the brightest people in the world over. 0:15:15.080 --> 0:15:18.920 So for example, I mean we've seen some of the 0:15:18.960 --> 0:15:20.720 brightest people in the world going to work in the 0:15:20.840 --> 0:15:24.760 in the in the bitcoin space. Um, rumors are that 0:15:24.840 --> 0:15:28.240 David that that David Marcus here potentially is leaving Facebook 0:15:28.280 --> 0:15:31.440 to also go work at maybe a new bitcoin or 0:15:31.440 --> 0:15:34.640 cryptocurrency company. We'll see what happens with that. But we 0:15:34.680 --> 0:15:37.320 want to continue to see these bright people quitting and 0:15:37.360 --> 0:15:39.240 leaving and coming to work on this. And so you know, 0:15:39.320 --> 0:15:42.920 I get across my social media, get thousands of comments 0:15:42.920 --> 0:15:46.400 every week, probably over five thousand comments weekend. I get 0:15:46.440 --> 0:15:49.520 lots of comments that like come on, Mark, cryptocurrencies are stupid, 0:15:49.560 --> 0:15:52.280 They're dumb, They're not backed by anything. It's a ponzi. 0:15:52.560 --> 0:15:54.560 It's gonna be made illegal. I mean, you name it. 0:15:54.720 --> 0:15:56.920 I've heard it all. I've heard it all thousands of times. 0:15:57.920 --> 0:16:00.440 And uh. One of my response is that I've been 0:16:00.520 --> 0:16:05.320 kind of given going back to lately, is like, Okay, uh, 0:16:05.400 --> 0:16:08.800 are you smarter than all these people, because like, let 0:16:08.960 --> 0:16:09.960 let me, let me let me fill you in on 0:16:10.000 --> 0:16:11.480 that before we get to that question, that we get 0:16:11.480 --> 0:16:14.240 to that answer. So we've seen some of the smartest, 0:16:14.320 --> 0:16:16.040 some of the brightest people in the world, some of 0:16:16.120 --> 0:16:18.040 the biggest investors in the world. Some people are like 0:16:18.360 --> 0:16:20.640 you have a Warren Buffett and Charlie Munger and into it. 0:16:21.080 --> 0:16:23.200 I'm like, yeah, but there are some ninety five and 0:16:23.280 --> 0:16:25.720 like so what right, Like there are two people, but 0:16:25.800 --> 0:16:28.160 some of the biggest and brightest investors in the world 0:16:28.160 --> 0:16:31.280 are into it, like Stanley Druckon Miller or Ray Dalio. 0:16:31.480 --> 0:16:33.640 Ray Dalio was actually against it, and now he's come 0:16:33.680 --> 0:16:36.360 around it. He's realized it's actually something big and important. 0:16:36.600 --> 0:16:41.160 Stanley druck and Miller, Ray Dalio, Paul Tutor Jones. I mean, 0:16:41.240 --> 0:16:43.800 these are some of these are legends in the Wall 0:16:43.880 --> 0:16:47.840 Street investing world, and they've all come onto it. We 0:16:47.880 --> 0:16:50.840 had Ray Dalio's company, Bridgewater Capital, which is the largest 0:16:51.160 --> 0:16:55.760 hedge fund in the world. The CFO left to go 0:16:55.840 --> 0:16:59.360 work for a bitcoin company. So when you have the 0:16:59.360 --> 0:17:02.720 CFO of the biggest hedge fund in the world leaving 0:17:03.200 --> 0:17:05.240 Wall Street to go work at a bitcoin company, what 0:17:05.320 --> 0:17:08.600 does that tell you? It tells me that it's growing 0:17:08.640 --> 0:17:10.919 at such a rapid rate that it's sucking in the 0:17:11.119 --> 0:17:13.480 mind share you have. As I as I've talked to 0:17:13.560 --> 0:17:17.000 many times before, the CEO of micro Strategy, Michael Saylor, 0:17:17.040 --> 0:17:19.240 one of the one of the smartest and very rich guy. 0:17:19.760 --> 0:17:23.640 UM they put all their money into bitcoin. UM. He's 0:17:23.680 --> 0:17:25.240 raised billions of dollars going to bigcoin. You have El 0:17:25.280 --> 0:17:28.040 Salad are using bitcoin. So when you see all that 0:17:28.080 --> 0:17:30.400 happening and you have your doubts, I get it right. 0:17:31.480 --> 0:17:34.800 Are you smarter than all of them? You're smarter than 0:17:34.840 --> 0:17:36.520 the smartest guys on Wall Street, You're smarter than the 0:17:36.520 --> 0:17:39.440 smartest guys in the business space. You're smarter than nations 0:17:39.480 --> 0:17:44.000 and governments. I'm not that I'm not that smart, and 0:17:44.040 --> 0:17:46.000 I'm I've been studying this for a long time. Maybe 0:17:46.000 --> 0:17:48.480 I'm just more humble. Maybe you should be more humble too. 0:17:48.520 --> 0:17:52.280 But there's even bigger news that happened this week, and 0:17:52.320 --> 0:17:54.240 this just kind of I don't want to put the 0:17:54.280 --> 0:17:56.600 nail on the coffin, but it's definitely another nail in 0:17:56.640 --> 0:18:00.240 the coffin. Um that really emphasized the point big, big, 0:18:00.240 --> 0:18:02.320 big news that not only is big news, but also 0:18:02.359 --> 0:18:04.160 it's going to be a massive catalyst. I wanna tell 0:18:04.160 --> 0:18:05.960 you about that. By the way, you're listening to the 0:18:05.960 --> 0:18:08.119 Mark mo Show. Of course, if you're just tune in 0:18:08.160 --> 0:18:10.320 and you haven't realized, we're talking about bitcoin, We're talking 0:18:10.359 --> 0:18:14.520 about cryptocurrencies. We're talking about the decentralized revolution that we're 0:18:14.560 --> 0:18:17.520 witnessing right now. It's the biggest opportunity to ever have 0:18:17.600 --> 0:18:22.159 in your lifetime. Don't go away, I'll be right back. Hello, 0:18:22.160 --> 0:18:24.720 and welcome back. You are listening to the markma Show, 0:18:24.760 --> 0:18:27.360 and we're talking about bitcoin, and we're talking about cryptocurrencies, 0:18:27.359 --> 0:18:32.840 and we are talking about the decentralized revolution. It's big. 0:18:33.280 --> 0:18:36.000 When I say decentralized revolution, I'm talking about a revolution. 0:18:36.240 --> 0:18:38.600 I'm talking of a revolution that is going to change 0:18:38.720 --> 0:18:41.520 the way the world works. That's what a technological revolution 0:18:41.560 --> 0:18:45.080 does It's not a new technology that incrementally improves our 0:18:45.080 --> 0:18:48.119 way of life. No, no, no, no, Instead, it changes 0:18:48.600 --> 0:18:52.480 the way that the world works. Now we're talking about, um, 0:18:52.760 --> 0:18:56.040 we're talking about news in bitcoin and cryptocurrencies, and we're 0:18:56.040 --> 0:18:59.000 talking about how, uh, you know, ignore the short term 0:18:59.000 --> 0:19:01.199 price and rather you at the growth of the network 0:19:01.240 --> 0:19:02.960 and you and you look at the development on the network. 0:19:03.000 --> 0:19:04.560 I talked about this on a weekly basis, and I'm 0:19:04.560 --> 0:19:06.120 trying to keep you up to date on what those 0:19:06.160 --> 0:19:09.440 developments are. Because as long as those developments are still 0:19:09.480 --> 0:19:11.359 in play, as long as we're still growing the network, 0:19:11.359 --> 0:19:13.240 and as long as we're still growing the development, then 0:19:13.240 --> 0:19:15.280 don't worry about the price. Just know that things are 0:19:15.280 --> 0:19:17.840 gonna be okay over the long run. Now, if things 0:19:17.840 --> 0:19:20.840 suddenly turn for the worse and the development dies and 0:19:20.880 --> 0:19:22.960 the network starts to die, well then that's another story, 0:19:23.080 --> 0:19:25.920 and so we'll talk about that as well. But before 0:19:25.920 --> 0:19:28.320 the break, I was talking about how there was like 0:19:28.320 --> 0:19:31.359 this coordinated attack back in seen at the very height 0:19:31.359 --> 0:19:34.960 when cryptocurrencies were running hotter than ever. You know, bigcoin 0:19:35.040 --> 0:19:38.040 had gone from a thousand to twenty dollars, and cryptocurrencies 0:19:38.080 --> 0:19:40.639 and like Ethereum had gone even up more and right 0:19:40.760 --> 0:19:44.680 thing the December, there was this coordinated attack where Facebook 0:19:44.680 --> 0:19:47.200 and Google shut down all advertising and markets stopped going 0:19:47.240 --> 0:19:49.399 up when there's no more buyers, and if you can't advertise, 0:19:49.440 --> 0:19:51.679 you don't get any more buyers. Also, the banks had 0:19:51.720 --> 0:19:53.600 a coordinated attack where you couldn't get money into the 0:19:53.600 --> 0:19:56.600 cryptocurrency exchanges, and so if people again couldn't buy, the 0:19:56.600 --> 0:19:59.960 price stopped going up. Well um big news this week 0:20:00.600 --> 0:20:04.159 was that Facebook reversed that band and they're going to 0:20:04.320 --> 0:20:08.800 now allow companies to start advertising again. And remember markets 0:20:08.800 --> 0:20:11.399 stopped going down when there's no more buyers. This is 0:20:11.440 --> 0:20:14.399 about to bring a ton of new buyers into the space. 0:20:14.880 --> 0:20:17.439