1 00:00:00,160 --> 00:00:03,640 Speaker 1: You are now listening to the Mark Moss Show, and 2 00:00:03,720 --> 00:00:06,680 Speaker 1: I am bringing to you the latest information on bitcoin, 3 00:00:07,120 --> 00:00:11,760 Speaker 1: cryptocurrencies and the d centralized revolution. What I'm calling literally 4 00:00:11,920 --> 00:00:14,880 Speaker 1: the biggest opportunity we've ever seen in our lives, and 5 00:00:14,960 --> 00:00:18,800 Speaker 1: not just our lifetimes, but I'm talking about multiple generations. Now. 6 00:00:18,840 --> 00:00:22,160 Speaker 1: This is the biggest asymmetric opportunity we've ever seen, which 7 00:00:22,200 --> 00:00:25,439 Speaker 1: means that there is more upside than downside. Of course, 8 00:00:25,480 --> 00:00:28,400 Speaker 1: that's what we want, right, the odds stacked in our favor. Now. 9 00:00:28,440 --> 00:00:32,080 Speaker 1: The only way to get these asymmetric opportunities where we 10 00:00:32,159 --> 00:00:35,000 Speaker 1: have that odds stacked in our favor, is to have 11 00:00:35,040 --> 00:00:38,519 Speaker 1: asymmetric information, which means you have information that most people 12 00:00:38,640 --> 00:00:41,680 Speaker 1: don't have yet, which is exactly what I'm going to 13 00:00:41,760 --> 00:00:43,880 Speaker 1: bring to you each and every week to make sure 14 00:00:43,920 --> 00:00:46,520 Speaker 1: that you do not miss out on the biggest opportunity 15 00:00:46,600 --> 00:00:48,960 Speaker 1: you'll ever see in your lifetime. Now. I know that 16 00:00:48,960 --> 00:00:52,920 Speaker 1: seems like a big claim, right, I mean, bitcoin cryptocurrencies, Um, 17 00:00:53,000 --> 00:00:55,040 Speaker 1: is it a fad? Is it a joke? You know? 18 00:00:55,200 --> 00:00:58,360 Speaker 1: Is it magic? Internet money? And all these different things. 19 00:00:58,400 --> 00:01:01,600 Speaker 1: So I understand that you might have of all those questions, 20 00:01:01,680 --> 00:01:03,440 Speaker 1: but you know the one thing that you have to 21 00:01:03,520 --> 00:01:06,800 Speaker 1: keep in mind is that we aren't looking at just 22 00:01:06,880 --> 00:01:10,040 Speaker 1: a new technology. A new technology would be like an iPhone, 23 00:01:10,240 --> 00:01:12,760 Speaker 1: it would be like Uber Airbnb. Those are technologies and 24 00:01:12,760 --> 00:01:15,120 Speaker 1: those are cool and and they change, you know, they 25 00:01:15,160 --> 00:01:17,000 Speaker 1: change the way that we kind of work and interact 26 00:01:17,000 --> 00:01:20,120 Speaker 1: in the world. And that's cool. I'm talking about a 27 00:01:20,200 --> 00:01:23,800 Speaker 1: technological revolution, all right, We're talking about something different here. 28 00:01:23,959 --> 00:01:28,120 Speaker 1: A technological revolution changes the way humanity works. I'm talking 29 00:01:28,160 --> 00:01:30,800 Speaker 1: about the industrial revolution. I'm talking about steam engines, I'm 30 00:01:30,800 --> 00:01:34,680 Speaker 1: talking about electricity, I'm talking about automobiles, I'm talking about microprocessors. 31 00:01:35,040 --> 00:01:36,800 Speaker 1: And now we have this one. Now it's important to 32 00:01:36,840 --> 00:01:39,199 Speaker 1: understand with each one of these is that it's always 33 00:01:39,240 --> 00:01:42,640 Speaker 1: a different family getting rich. Right. So you you've heard 34 00:01:42,640 --> 00:01:45,360 Speaker 1: the names obviously forward from the automobiles, and you've you've 35 00:01:45,400 --> 00:01:48,280 Speaker 1: heard of bezos, um, you know in the or or 36 00:01:48,680 --> 00:01:51,040 Speaker 1: jobs in the in the computer age. You hear about 37 00:01:51,680 --> 00:01:54,640 Speaker 1: you know, the Rockefeller family and the oil and whatnot. 38 00:01:54,800 --> 00:01:57,600 Speaker 1: So it's always a different family. And when we have 39 00:01:58,080 --> 00:02:01,840 Speaker 1: a new technological revolution, like right now, it's your opportunity 40 00:02:01,880 --> 00:02:05,080 Speaker 1: to put your family's name in that place. And that 41 00:02:05,280 --> 00:02:07,640 Speaker 1: is how big this is. And so we'll talk about 42 00:02:07,640 --> 00:02:10,680 Speaker 1: that um this week. The big news, of course, if 43 00:02:10,680 --> 00:02:14,239 Speaker 1: you're paying attention anyway, is that bitcoin um has hit 44 00:02:14,720 --> 00:02:17,000 Speaker 1: some highs, some high levels that we have not seen 45 00:02:17,080 --> 00:02:19,519 Speaker 1: in about five months as a matter of fact at 46 00:02:19,520 --> 00:02:21,359 Speaker 1: the time, and I'm talking to you right now, we're 47 00:02:21,360 --> 00:02:26,000 Speaker 1: seeing bitcoin right around the fifty five thousand dollar price 48 00:02:26,120 --> 00:02:30,760 Speaker 1: range than dollars, and that's for one bitcoin. Now, a 49 00:02:30,800 --> 00:02:32,080 Speaker 1: couple of things that I want to point out real 50 00:02:32,160 --> 00:02:37,160 Speaker 1: quickly before we dive into this. First off, one entire 51 00:02:37,320 --> 00:02:41,679 Speaker 1: whole bitcoin is fifty five dollars. But a bitcoin is 52 00:02:41,760 --> 00:02:43,720 Speaker 1: kind of like a dollar in a sense. So a 53 00:02:43,840 --> 00:02:49,680 Speaker 1: dollar is divisible into one hundred cents, right um, So 54 00:02:49,720 --> 00:02:52,160 Speaker 1: you could buy a penny's worth of a dollar right up, 55 00:02:52,280 --> 00:02:55,600 Speaker 1: dollars a hundred cents, and a bitcoin is a hundred 56 00:02:55,680 --> 00:03:00,919 Speaker 1: million sets, so similar, it's divisible. So what that means 57 00:03:01,000 --> 00:03:03,760 Speaker 1: is that you don't have to buy you don't have 58 00:03:03,800 --> 00:03:06,360 Speaker 1: to have fifty five thousand, you as dollars to buy 59 00:03:06,400 --> 00:03:09,320 Speaker 1: a bitcoin. You can buy one dollar's worth. As a 60 00:03:09,400 --> 00:03:13,560 Speaker 1: matter of fact, you could get five cents worth of bitcoin. 61 00:03:13,600 --> 00:03:15,600 Speaker 1: As a matter of fact, if you joined us last 62 00:03:15,639 --> 00:03:18,240 Speaker 1: week on the Mark Moss Show, then you might have 63 00:03:18,480 --> 00:03:21,080 Speaker 1: been hearing about us talking about a new feature that 64 00:03:21,160 --> 00:03:24,720 Speaker 1: was put into Twitter where now people on Twitter can 65 00:03:24,760 --> 00:03:28,520 Speaker 1: send bitcoin um instantly and for pretty much free, across 66 00:03:28,560 --> 00:03:30,920 Speaker 1: the Lightning network to each other. And so it was 67 00:03:31,000 --> 00:03:32,880 Speaker 1: just released a week ago at the time when I 68 00:03:33,160 --> 00:03:36,080 Speaker 1: put the last show out, and over the course of 69 00:03:36,080 --> 00:03:38,480 Speaker 1: the week, I've been getting tips, and it's amazing to 70 00:03:38,480 --> 00:03:40,680 Speaker 1: get tips. By the way, if you're on Twitter, follow 71 00:03:40,720 --> 00:03:43,600 Speaker 1: me one Mark Moss, one Mark Watson. If you can 72 00:03:43,720 --> 00:03:45,600 Speaker 1: send me a tip, that'd be great. But um, I've 73 00:03:45,600 --> 00:03:48,240 Speaker 1: been getting tips, you know, a dollar tips, three dollar tips, 74 00:03:48,240 --> 00:03:50,080 Speaker 1: some five dollar tips. But I've also been getting some 75 00:03:50,240 --> 00:03:54,080 Speaker 1: five cent tips in bitcoin, and so that illustrates my 76 00:03:54,120 --> 00:03:55,760 Speaker 1: point that I want to just tell you right now. 77 00:03:55,800 --> 00:03:57,560 Speaker 1: A lot of people think that bitcoin is too expensive. 78 00:03:57,880 --> 00:04:01,120 Speaker 1: I don't have fifty, so I'm gonna go find a 79 00:04:01,160 --> 00:04:04,200 Speaker 1: cryptocurrency that's cheaper that I can buy. But that's not 80 00:04:04,240 --> 00:04:07,400 Speaker 1: how it works, all right, Don't don't get caught up 81 00:04:07,400 --> 00:04:09,960 Speaker 1: in the price of a whole bitcoin um and try 82 00:04:10,000 --> 00:04:13,040 Speaker 1: to go find a cheaper coin instead. Um. You can 83 00:04:13,080 --> 00:04:16,120 Speaker 1: buy five cents or one dollar or a hundred dollars 84 00:04:16,160 --> 00:04:19,240 Speaker 1: or whatever amount that you want. So now that's cleared up. UM. 85 00:04:19,240 --> 00:04:23,560 Speaker 1: So Bitcoin has gotten back up to dollars. It hasn't 86 00:04:23,600 --> 00:04:27,440 Speaker 1: been at that level since May about May twelve, so 87 00:04:27,480 --> 00:04:31,799 Speaker 1: about five months ago. Now, Bitcoin is the largest cryptocurrency 88 00:04:31,800 --> 00:04:34,080 Speaker 1: and so it kind of drags the whole market with it. 89 00:04:34,160 --> 00:04:37,360 Speaker 1: So while Bitcoin is up big time, we also see 90 00:04:37,360 --> 00:04:41,600 Speaker 1: the other major cryptocurrencies ethereum, et cetera. They're all pumping 91 00:04:41,680 --> 00:04:46,160 Speaker 1: and doing well as well. Now why that's the one 92 00:04:46,200 --> 00:04:48,960 Speaker 1: question that everybody wants to ask, And I would just 93 00:04:49,040 --> 00:04:52,280 Speaker 1: typically say, we don't always have to have a reason 94 00:04:53,440 --> 00:04:56,720 Speaker 1: why prices go up and prices go down. UM. In 95 00:04:56,800 --> 00:05:01,080 Speaker 1: my opinion, I think that UM price is a distraction. 96 00:05:01,640 --> 00:05:03,719 Speaker 1: And what do I mean by that, Well, when you're 97 00:05:03,720 --> 00:05:08,280 Speaker 1: invested into a brand new technology, especially a technological revolution 98 00:05:08,400 --> 00:05:12,520 Speaker 1: like bitcoin or like cryptocurrencies, are the price, especially on 99 00:05:12,520 --> 00:05:14,560 Speaker 1: a daily basis or on a short term basis, are 100 00:05:14,680 --> 00:05:18,200 Speaker 1: just a distraction, all right, When you're investing, when you're 101 00:05:18,279 --> 00:05:22,560 Speaker 1: buying into a brand new technology, you're trying to buying 102 00:05:22,800 --> 00:05:25,400 Speaker 1: cheap for where the price will be eventually. So we 103 00:05:25,480 --> 00:05:27,839 Speaker 1: call the stock market typically would be called like a 104 00:05:27,920 --> 00:05:30,760 Speaker 1: discounting mechanism. And so what that means is that I'm 105 00:05:30,800 --> 00:05:33,960 Speaker 1: trying to buy something cheaper today, then it will be 106 00:05:34,000 --> 00:05:35,760 Speaker 1: in the future. Now. Sometimes if I was going to 107 00:05:35,839 --> 00:05:38,839 Speaker 1: short it, I'm hoping to buy more expensive without another subject. 108 00:05:39,120 --> 00:05:42,000 Speaker 1: And so if I'm trying to buy something cheaper and 109 00:05:42,040 --> 00:05:44,480 Speaker 1: have to be worth more in the future, then typically 110 00:05:44,520 --> 00:05:46,320 Speaker 1: I'm going to want to hold that for a long 111 00:05:46,360 --> 00:05:50,200 Speaker 1: period of time until it's worth that all right now, 112 00:05:51,120 --> 00:05:54,440 Speaker 1: when you're in when you're buying, if you're investing into 113 00:05:54,480 --> 00:05:58,719 Speaker 1: a new technology, um, it has massive potential like bitcoin, 114 00:05:58,880 --> 00:06:00,400 Speaker 1: but it also takes a while to get there, and 115 00:06:00,440 --> 00:06:02,800 Speaker 1: so that short term price is a distraction. Let me 116 00:06:02,800 --> 00:06:05,320 Speaker 1: give you a good example. By the way, you're listening 117 00:06:05,320 --> 00:06:08,159 Speaker 1: to the Markmash Show, we're talking about bitcoin, cryptocurrencies and 118 00:06:08,200 --> 00:06:10,840 Speaker 1: the decentralized revolution. And then to give you an example 119 00:06:10,880 --> 00:06:13,120 Speaker 1: of how this works, I'm gonna use something that you 120 00:06:13,160 --> 00:06:15,240 Speaker 1: might be more familiar with. Let's talk about real estate. 121 00:06:15,520 --> 00:06:17,240 Speaker 1: So let's say that, UM, I was at the city 122 00:06:17,279 --> 00:06:19,840 Speaker 1: council meeting last night at my uh in my town 123 00:06:20,120 --> 00:06:22,040 Speaker 1: and they told me that, you know, thirty miles out 124 00:06:22,040 --> 00:06:24,360 Speaker 1: of town, in the middle of nowhere, UM, they're going 125 00:06:24,400 --> 00:06:26,760 Speaker 1: to build a stadium and there's gonna be the stadium. 126 00:06:26,800 --> 00:06:29,200 Speaker 1: They're gonna build condos and there's gonna be shopping and 127 00:06:29,240 --> 00:06:31,760 Speaker 1: there's gonna be this whole megaplex and it's gonna be there, 128 00:06:31,800 --> 00:06:34,080 Speaker 1: and I don't know five years from now. So I 129 00:06:34,279 --> 00:06:36,760 Speaker 1: rush out the next morning and I go find land 130 00:06:37,080 --> 00:06:39,160 Speaker 1: around where they want to build that stadium. And it's 131 00:06:39,200 --> 00:06:40,880 Speaker 1: dirt cheap because there's nothing there. So I pie up 132 00:06:40,920 --> 00:06:43,159 Speaker 1: some land and I'm all excited. Oh, in five years, 133 00:06:43,720 --> 00:06:45,560 Speaker 1: when that stadium is built, that land is gonna be 134 00:06:45,560 --> 00:06:48,200 Speaker 1: worth a lot of money. And so I buy that. Now, 135 00:06:49,080 --> 00:06:52,880 Speaker 1: what happens if in a year from now the price 136 00:06:52,920 --> 00:06:55,919 Speaker 1: of the land is cheaper than it was when I 137 00:06:55,920 --> 00:06:58,960 Speaker 1: bought it? Should I panic? Should I sell the land? 138 00:06:59,240 --> 00:07:02,320 Speaker 1: Should I freak out out? Or a better example would 139 00:07:02,360 --> 00:07:04,960 Speaker 1: probably be, well, let me ask myself, is the project 140 00:07:05,040 --> 00:07:08,280 Speaker 1: still on plan right? Is it still happening? Are they 141 00:07:08,320 --> 00:07:11,720 Speaker 1: still working on the plans? Are they still getting the permits? Um? 142 00:07:11,840 --> 00:07:14,640 Speaker 1: Have they got the loans? Have they started construction? And 143 00:07:14,680 --> 00:07:18,600 Speaker 1: as long as the project is still on track, then 144 00:07:18,640 --> 00:07:21,280 Speaker 1: what would I do? Well, I'd probably buy more land 145 00:07:21,840 --> 00:07:24,200 Speaker 1: because it's cheaper. Now. Let me let me get more 146 00:07:24,200 --> 00:07:26,800 Speaker 1: of that. I want more of that good investment um, 147 00:07:26,880 --> 00:07:28,880 Speaker 1: and then I would just continue to hold. And so 148 00:07:28,960 --> 00:07:30,440 Speaker 1: every time if the price were going up and down, 149 00:07:30,480 --> 00:07:32,440 Speaker 1: I'd just say, hey, is the project still on track? 150 00:07:32,680 --> 00:07:35,000 Speaker 1: If the answer is yes, then I would maybe buy 151 00:07:35,080 --> 00:07:38,200 Speaker 1: more or I would just hold and continue. Now if 152 00:07:38,240 --> 00:07:41,840 Speaker 1: I did find out like oh, no, they found whatever 153 00:07:41,960 --> 00:07:44,400 Speaker 1: nuclear waste on the site and now we can't build 154 00:07:44,400 --> 00:07:46,960 Speaker 1: on that site anymore, well, then then it's obviously a 155 00:07:46,960 --> 00:07:49,600 Speaker 1: different story. Then the project is off. Let's say the 156 00:07:49,640 --> 00:07:52,920 Speaker 1: financing fell through, whatever maybe happened. If the projects off, 157 00:07:53,120 --> 00:07:54,880 Speaker 1: then I need to take my losses. I need to 158 00:07:54,880 --> 00:07:56,360 Speaker 1: cut I need to sell my land as quick as 159 00:07:56,400 --> 00:07:59,200 Speaker 1: I can. And so that's how we have to look 160 00:07:59,280 --> 00:08:02,640 Speaker 1: at this. When we're buying something that's so early on 161 00:08:02,760 --> 00:08:07,440 Speaker 1: like bitcoin, like cryptocurrencies, and what I would say is um, oh. 162 00:08:07,520 --> 00:08:09,920 Speaker 1: With the price of bitcoin went from so it was 163 00:08:10,000 --> 00:08:13,520 Speaker 1: at the last high that had this year, The latest 164 00:08:13,600 --> 00:08:16,240 Speaker 1: high of this year was almost sixty five dollars and 165 00:08:16,280 --> 00:08:18,840 Speaker 1: that was in April, and then it went from sixty 166 00:08:19,680 --> 00:08:22,200 Speaker 1: all the way down into like the thirty thousand dollar range, 167 00:08:22,640 --> 00:08:24,520 Speaker 1: and so a lot of people panic should I sell? 168 00:08:24,600 --> 00:08:26,680 Speaker 1: I'm like, oh, should I sell? Well, I would ask 169 00:08:26,680 --> 00:08:30,119 Speaker 1: the same question like the like the real estate right, Well, 170 00:08:31,240 --> 00:08:36,000 Speaker 1: is the project still on track? Are they still developing it? 171 00:08:36,600 --> 00:08:40,600 Speaker 1: Is there still development? And is it still growing now? 172 00:08:40,640 --> 00:08:42,960 Speaker 1: Typically when you're looking at something like this, there's a 173 00:08:42,960 --> 00:08:45,400 Speaker 1: new technology. There's two things you're looking for, all right. 174 00:08:46,000 --> 00:08:49,960 Speaker 1: If these two things stay intact, then you want to 175 00:08:50,000 --> 00:08:52,600 Speaker 1: stay in the project. All right, Only two things. I'm 176 00:08:52,600 --> 00:08:55,520 Speaker 1: gonna make it really simple for you so that you 177 00:08:55,559 --> 00:08:57,600 Speaker 1: can take advantage of these. And these are easy for 178 00:08:57,640 --> 00:09:03,480 Speaker 1: anyone to understand. The first one is the network effects. 179 00:09:04,000 --> 00:09:08,600 Speaker 1: Is the network still growing now? Network effects are very 180 00:09:08,720 --> 00:09:12,360 Speaker 1: very powerful. Um. And actually there's a law, it's called 181 00:09:12,440 --> 00:09:16,800 Speaker 1: Metcalf's Law that explains what network effects are. Now, I 182 00:09:16,840 --> 00:09:19,040 Speaker 1: want to tell you exactly what that law states, and 183 00:09:19,040 --> 00:09:21,440 Speaker 1: more importantly, tell you how to watch it. And as 184 00:09:21,520 --> 00:09:23,439 Speaker 1: soon as we come back, i'm gonna explain that, and 185 00:09:23,480 --> 00:09:25,200 Speaker 1: I'm gonna give you the other key. You're listening to 186 00:09:25,200 --> 00:09:27,640 Speaker 1: the Mark Moss Show and I'll be right back. All right, 187 00:09:27,679 --> 00:09:30,199 Speaker 1: Welcome back. You are listening to the Mark mo Show, 188 00:09:30,280 --> 00:09:32,440 Speaker 1: where each and every week I come and I bring 189 00:09:32,440 --> 00:09:37,079 Speaker 1: you the latest information on bitcoin, cryptocurrencies and the decentralized revolution. 190 00:09:37,640 --> 00:09:41,720 Speaker 1: Literally the biggest opportunity we've ever seen in our lifetime. 191 00:09:42,320 --> 00:09:45,120 Speaker 1: Make sure to put a mark on your calendar right 192 00:09:45,160 --> 00:09:48,400 Speaker 1: now for this day, this time, and this radio station, 193 00:09:48,520 --> 00:09:50,080 Speaker 1: so you can join me each and every week. It 194 00:09:50,160 --> 00:09:52,680 Speaker 1: will be the biggest thing that you can do. Now, 195 00:09:53,160 --> 00:09:56,200 Speaker 1: before the break, I was talking about two indicators that 196 00:09:56,280 --> 00:09:59,920 Speaker 1: you should be watching when you're buying or you're invest 197 00:10:00,040 --> 00:10:02,400 Speaker 1: steen into a brand new technology like this. I was 198 00:10:02,440 --> 00:10:05,640 Speaker 1: explaining how the price, the short term price signal is 199 00:10:05,640 --> 00:10:08,920 Speaker 1: a distraction, all right, and so um I started to 200 00:10:08,920 --> 00:10:11,200 Speaker 1: tell you the first the one of two. The first 201 00:10:11,280 --> 00:10:15,120 Speaker 1: one is something called network effects. Right now, there's something 202 00:10:15,160 --> 00:10:18,280 Speaker 1: known as Metcalf's law, and the way Metcalf's law works 203 00:10:18,600 --> 00:10:22,079 Speaker 1: is that the bigger the network gets, the more valuable 204 00:10:22,240 --> 00:10:26,559 Speaker 1: it becomes. All Right, So, if I was the only 205 00:10:26,640 --> 00:10:29,600 Speaker 1: one in the world with the phone, it wouldn't be 206 00:10:29,600 --> 00:10:32,320 Speaker 1: worth anything because what am I gonna do with it? 207 00:10:32,400 --> 00:10:35,600 Speaker 1: I can't call anybody. But if two people have a phone, well, 208 00:10:35,600 --> 00:10:38,040 Speaker 1: all of a sudden, the phone becomes more valuable, If 209 00:10:38,080 --> 00:10:41,199 Speaker 1: ten people have it more viable. When the whole world 210 00:10:41,360 --> 00:10:45,160 Speaker 1: has a phone, they're very, very valuable. So that the 211 00:10:45,840 --> 00:10:48,520 Speaker 1: faster the network grows, the more valuable it becomes. The 212 00:10:48,559 --> 00:10:53,040 Speaker 1: other thing is that once network effects are established, they're very, 213 00:10:53,280 --> 00:10:58,199 Speaker 1: very difficult to overcome. So, for example, let's look at Facebook. 214 00:10:58,600 --> 00:11:03,079 Speaker 1: So Facebook has network effects, right, Billions of people all 215 00:11:03,120 --> 00:11:07,640 Speaker 1: around the world have Facebook, and so Facebook has become 216 00:11:07,720 --> 00:11:10,680 Speaker 1: very powerful because of the network effects. Now, anybody could 217 00:11:10,720 --> 00:11:14,640 Speaker 1: go start a competitor to Facebook, right, I mean, new 218 00:11:14,760 --> 00:11:17,440 Speaker 1: social network pop up all the time, but the problem 219 00:11:17,520 --> 00:11:21,880 Speaker 1: is they can't overcome the network effects that that are 220 00:11:21,960 --> 00:11:24,520 Speaker 1: on Facebook. Right now, anybody could just go jump and 221 00:11:24,520 --> 00:11:27,199 Speaker 1: just go use using new social media platform, but they don't. 222 00:11:27,679 --> 00:11:30,840 Speaker 1: That's the That's the thing with network effects. They're very powerful. 223 00:11:31,160 --> 00:11:33,880 Speaker 1: So when you're getting into a new technology like bitcoin 224 00:11:34,600 --> 00:11:38,040 Speaker 1: or cryptocurrencies, you want to watch the network effects. Is 225 00:11:38,080 --> 00:11:41,679 Speaker 1: it continue to grow? So when the price went from 226 00:11:41,720 --> 00:11:44,720 Speaker 1: about like I said, about sixty dollars in April and 227 00:11:44,720 --> 00:11:47,760 Speaker 1: it dropped all the way down to thirty dollars um 228 00:11:47,920 --> 00:11:50,120 Speaker 1: using the real estate analogy that I was using before 229 00:11:50,120 --> 00:11:52,960 Speaker 1: the break um, I would ask myself, well, are two 230 00:11:53,000 --> 00:11:57,040 Speaker 1: things happening? One are the network effects still growing? And 231 00:11:57,080 --> 00:12:00,120 Speaker 1: the answer is yes they were. So people maybe you 232 00:12:00,160 --> 00:12:03,000 Speaker 1: were selling it was affecting the short term price, but 233 00:12:03,160 --> 00:12:07,000 Speaker 1: the amount of users was still growing. Now it's interesting 234 00:12:07,040 --> 00:12:10,000 Speaker 1: about bitcoin versus any other asset in the world, and 235 00:12:10,000 --> 00:12:13,439 Speaker 1: this is a big, big deal, is that bitcoin is 236 00:12:13,480 --> 00:12:15,680 Speaker 1: an open network, and so what that means is that 237 00:12:15,880 --> 00:12:19,640 Speaker 1: everybody can see all the activity on the network itself, 238 00:12:20,000 --> 00:12:22,920 Speaker 1: so we can see all the data. So bitcoin is 239 00:12:22,920 --> 00:12:27,240 Speaker 1: what's known as anonymous, but it's not private. It's not 240 00:12:27,240 --> 00:12:29,680 Speaker 1: private because everyone can see it. But it's anonymous. We 241 00:12:29,720 --> 00:12:33,559 Speaker 1: don't know who belongs to those wallets, to those addresses, okay, 242 00:12:33,880 --> 00:12:36,200 Speaker 1: and so because of that on chain data that's not 243 00:12:36,280 --> 00:12:38,720 Speaker 1: evident in any other market, So we can't see that 244 00:12:38,760 --> 00:12:42,160 Speaker 1: with stocks or oil or gold or natural gas or 245 00:12:42,200 --> 00:12:44,360 Speaker 1: any of that. UM, we can get a better idea 246 00:12:44,360 --> 00:12:46,240 Speaker 1: of these network effects. So what we could see is 247 00:12:46,280 --> 00:12:49,520 Speaker 1: when the price dropped, the network effects were still growing. 248 00:12:49,600 --> 00:12:52,040 Speaker 1: We were still seeing more and more wallets being created. 249 00:12:52,080 --> 00:12:55,800 Speaker 1: We're seeing more users come on. So that box, I'll go, well, shoot, 250 00:12:55,800 --> 00:12:57,520 Speaker 1: the network effects are still there, so I'm staying in 251 00:12:57,559 --> 00:13:00,240 Speaker 1: the project. The second thing that we want to pay 252 00:13:00,240 --> 00:13:03,120 Speaker 1: attention to when we're looking at new technology, UM like 253 00:13:03,160 --> 00:13:08,400 Speaker 1: bitcoin or cryptocurrencies, would be what's the development Like remember 254 00:13:08,400 --> 00:13:11,079 Speaker 1: back to my real estate example. UM, if the price 255 00:13:11,120 --> 00:13:13,400 Speaker 1: of the land went down, I would go look and 256 00:13:13,440 --> 00:13:16,480 Speaker 1: see is the project still on track? Are the plans 257 00:13:16,520 --> 00:13:20,080 Speaker 1: being developed? Um? You know, is the financing coming through 258 00:13:20,160 --> 00:13:22,400 Speaker 1: et cetera? And if it was, I'd stay in the 259 00:13:22,400 --> 00:13:24,760 Speaker 1: real estate deal. Well back to bitcoin, I'd asked the 260 00:13:24,800 --> 00:13:27,839 Speaker 1: same thing. So when the price dropped from sixty and 261 00:13:27,920 --> 00:13:30,960 Speaker 1: thirty thousand, um, the network effects are good? Check what 262 00:13:31,080 --> 00:13:34,720 Speaker 1: about the development? Well, there's still tons of development happening. 263 00:13:34,800 --> 00:13:38,320 Speaker 1: As a matter of fact. Um. In July, I was 264 00:13:38,360 --> 00:13:41,280 Speaker 1: in Dallas, Texas for bit block Boom. Shout out to 265 00:13:41,440 --> 00:13:44,320 Speaker 1: Gary Leland and a bit block Boom. Put it on 266 00:13:44,360 --> 00:13:46,640 Speaker 1: your calendar for next year. If you're into this, then 267 00:13:46,679 --> 00:13:49,240 Speaker 1: you should definitely attend that event. Um. And I was 268 00:13:49,280 --> 00:13:51,960 Speaker 1: there in July and the price was hovering around thirty 269 00:13:52,000 --> 00:13:55,839 Speaker 1: four thirty five dollars. Well, um, they how did a 270 00:13:55,960 --> 00:13:59,880 Speaker 1: hackathon going on and at the hackathon they had developers 271 00:14:00,000 --> 00:14:03,120 Speaker 1: air um to come up with new development of new 272 00:14:03,160 --> 00:14:06,720 Speaker 1: projects that could be built on the bitcoin blockchain. And 273 00:14:07,000 --> 00:14:10,120 Speaker 1: it was amazing to see what was going on. The 274 00:14:10,160 --> 00:14:15,360 Speaker 1: winner of the hackathon designed a phone that could literally 275 00:14:15,600 --> 00:14:19,640 Speaker 1: make a call over the bitcoin network. Right, so there's 276 00:14:19,800 --> 00:14:23,800 Speaker 1: massive developments still going on. In addition, we also see 277 00:14:24,000 --> 00:14:26,880 Speaker 1: the brightest minds in the world. I mean, we're all 278 00:14:26,880 --> 00:14:30,240 Speaker 1: smart and different ways, but some of the brightest minds 279 00:14:30,280 --> 00:14:34,800 Speaker 1: in the technology and the financial world are literally leading 280 00:14:34,800 --> 00:14:36,680 Speaker 1: the biggest jobs in the world to come over to 281 00:14:36,680 --> 00:14:41,600 Speaker 1: the bitcoin network. So, for example, we saw the CFO 282 00:14:41,760 --> 00:14:45,280 Speaker 1: of Bridgewater Capital. Now that means that name may not 283 00:14:45,360 --> 00:14:48,640 Speaker 1: mean anything to you, but maybe you've heard of Ray Dalio, 284 00:14:49,320 --> 00:14:52,880 Speaker 1: probably one of the most successful investors in the world today. 285 00:14:53,280 --> 00:14:56,240 Speaker 1: Uh he runs the largest hedge fund in the world, 286 00:14:56,320 --> 00:15:00,240 Speaker 1: Bridgewater Capital. So you're talking about the biggest head fund 287 00:15:00,240 --> 00:15:03,040 Speaker 1: in the world, Bridgewater Capital, and the CFO, like one 288 00:15:03,080 --> 00:15:06,480 Speaker 1: of the top three chiefs in the company left to 289 00:15:06,520 --> 00:15:09,760 Speaker 1: go work for a bitcoin company. So we're seeing it 290 00:15:10,040 --> 00:15:13,760 Speaker 1: sucking the biggest, the brightest minds um and we're seeing 291 00:15:13,880 --> 00:15:16,840 Speaker 1: so we're seeing the development continue, new applications being built. 292 00:15:16,920 --> 00:15:19,320 Speaker 1: We're also seeing the development in sense of the mind 293 00:15:19,360 --> 00:15:23,160 Speaker 1: share that's coming to it is continuing, and the network 294 00:15:23,200 --> 00:15:26,280 Speaker 1: effects are growing at the same time. So then using 295 00:15:26,280 --> 00:15:29,400 Speaker 1: this real estate analogy as our guide, then we would 296 00:15:29,400 --> 00:15:31,800 Speaker 1: ask ourselves, well, the price went from from sixty to 297 00:15:31,880 --> 00:15:35,360 Speaker 1: thirty thousand, but are those two factors still in play 298 00:15:35,400 --> 00:15:38,640 Speaker 1: as the network effects growing yes, check, is the development 299 00:15:38,680 --> 00:15:42,840 Speaker 1: still growing yes? Check? Okay. Well, then knowing that, what 300 00:15:42,840 --> 00:15:46,000 Speaker 1: do we do remember in the real estate example, we 301 00:15:46,160 --> 00:15:48,480 Speaker 1: if the project was still on track and land got cheaper, 302 00:15:48,680 --> 00:15:51,480 Speaker 1: I would probably buy more land. And so the same 303 00:15:51,520 --> 00:15:54,200 Speaker 1: could be true with with a bitcoin and crypto project. 304 00:15:54,600 --> 00:15:56,480 Speaker 1: Is if the project is still on track, if those 305 00:15:56,480 --> 00:15:59,480 Speaker 1: two things are checked off, then at thirty thod it 306 00:15:59,560 --> 00:16:02,880 Speaker 1: was probably only a pretty good idea to add more 307 00:16:03,040 --> 00:16:06,400 Speaker 1: bitcoin to your portfolio. And of course if you would 308 00:16:06,400 --> 00:16:09,120 Speaker 1: have done that, you would have been handsomely rewarded because 309 00:16:09,480 --> 00:16:13,880 Speaker 1: it stayed in that thirty thirty five thousand dollar range 310 00:16:14,080 --> 00:16:18,960 Speaker 1: from about you know, May until July to the end 311 00:16:19,000 --> 00:16:23,240 Speaker 1: of July almost July, so you had a couple of 312 00:16:23,240 --> 00:16:25,480 Speaker 1: months to buy in that thirty thousand dollar range. And 313 00:16:25,520 --> 00:16:29,240 Speaker 1: today it's so you would have almost doubled your money 314 00:16:29,280 --> 00:16:32,680 Speaker 1: if you would have done that. So, um, that's how 315 00:16:32,800 --> 00:16:34,440 Speaker 1: I look at this. I'm looking at it in the 316 00:16:34,560 --> 00:16:38,480 Speaker 1: long term and I'm not letting the short term price 317 00:16:39,040 --> 00:16:44,040 Speaker 1: distract me because I understand where it's going down the 318 00:16:44,040 --> 00:16:46,560 Speaker 1: long way because I watched those two factors. Now, some 319 00:16:46,600 --> 00:16:50,120 Speaker 1: people would ask, well, Mark, wouldn't it have been better 320 00:16:50,520 --> 00:16:52,960 Speaker 1: if I could have sold at sixty five thousand and 321 00:16:53,040 --> 00:16:56,080 Speaker 1: bought back in at thirty That's what I'm gonna do. Mark. 322 00:16:56,600 --> 00:16:58,360 Speaker 1: By the way, you're listening to the Mark mo Show, 323 00:16:58,840 --> 00:17:01,360 Speaker 1: and I'm bringing to you the latest information on bitcoin, 324 00:17:01,400 --> 00:17:05,399 Speaker 1: cryptocurrencies and the decentralized revolution each and every week. And 325 00:17:05,440 --> 00:17:07,159 Speaker 1: so many people would say, well, Mark, why don't I 326 00:17:07,200 --> 00:17:09,440 Speaker 1: just sell it sixty thousand and buy back in at 327 00:17:09,440 --> 00:17:11,600 Speaker 1: thirty thousand. I mean, wouldn't that be better than I 328 00:17:11,600 --> 00:17:13,880 Speaker 1: could write it back up the sixty again and sell it. 329 00:17:14,200 --> 00:17:16,840 Speaker 1: And of course when you look at a chart, it's volatile, 330 00:17:16,880 --> 00:17:18,119 Speaker 1: which means it goes up and down a lot, and 331 00:17:18,160 --> 00:17:21,119 Speaker 1: it looks like, of course, why wouldn't I do that, 332 00:17:21,119 --> 00:17:25,120 Speaker 1: that's the easiest thing in the world. Well, the problem 333 00:17:25,160 --> 00:17:28,320 Speaker 1: with that that we don't have a crystal ball, and 334 00:17:28,359 --> 00:17:31,240 Speaker 1: there's no way to know what the top or the 335 00:17:31,240 --> 00:17:35,600 Speaker 1: bottom is until we're looking backwards at it. Now, there 336 00:17:35,640 --> 00:17:37,919 Speaker 1: is something that's known as technical analysis. And as a 337 00:17:37,920 --> 00:17:39,840 Speaker 1: matter of fact, if you stick with me, I have 338 00:17:39,880 --> 00:17:42,320 Speaker 1: a guest coming on the show here in a little while, 339 00:17:42,359 --> 00:17:44,439 Speaker 1: and we are going to talk about some of that 340 00:17:44,520 --> 00:17:48,320 Speaker 1: price action in the technical analysis. Um. She is an 341 00:17:48,320 --> 00:17:50,080 Speaker 1: expert in that and she can kind of give us 342 00:17:50,080 --> 00:17:52,199 Speaker 1: a little bit of guidance. But for now, we're going 343 00:17:52,240 --> 00:17:55,280 Speaker 1: to just focus on the long term play and really 344 00:17:55,320 --> 00:17:57,400 Speaker 1: the news that's driving the source. And I'm gonna bring 345 00:17:57,440 --> 00:17:59,760 Speaker 1: you some of the biggest news in just a minute. 346 00:18:00,080 --> 00:18:02,720 Speaker 1: Listening to the Mark Moss Show and I'll be right back. 347 00:18:03,119 --> 00:18:05,960 Speaker 1: All right, you are back with the markma Show where 348 00:18:06,000 --> 00:18:08,760 Speaker 1: I talk about bitcoin. I talked about cryptocurrencies and the 349 00:18:08,840 --> 00:18:12,879 Speaker 1: decentralized revolution each and every week. You're joining us right 350 00:18:12,920 --> 00:18:16,479 Speaker 1: as we're talking about where a bitcoin price could go 351 00:18:16,600 --> 00:18:19,520 Speaker 1: in the long run, and more importantly, how we stay 352 00:18:19,560 --> 00:18:23,280 Speaker 1: in it so we can realize those big life changing games. 353 00:18:23,320 --> 00:18:26,120 Speaker 1: All right now, we were talking about how the price 354 00:18:26,440 --> 00:18:29,960 Speaker 1: is a distraction. In my opinion, the short term price 355 00:18:30,119 --> 00:18:32,960 Speaker 1: is a distraction. Um. Right before the break, I gave 356 00:18:33,000 --> 00:18:36,199 Speaker 1: you two indicators that you should watch on a regular 357 00:18:36,240 --> 00:18:39,040 Speaker 1: basis to know if the project is staying on track 358 00:18:39,160 --> 00:18:41,920 Speaker 1: or if it's time to get out while you still can. Um. 359 00:18:41,960 --> 00:18:44,480 Speaker 1: Those were the network effects and the development. Those are 360 00:18:44,520 --> 00:18:47,280 Speaker 1: the two ones. Now. I was talking also about how 361 00:18:47,359 --> 00:18:50,440 Speaker 1: the price was about sixty five thousand about five months 362 00:18:50,480 --> 00:18:52,920 Speaker 1: ago and dropped all the way down to about thirty thousand, 363 00:18:52,960 --> 00:18:54,720 Speaker 1: and you had a couple of months to get it 364 00:18:54,760 --> 00:18:57,000 Speaker 1: in that thirty five thousand range before pop back up. 365 00:18:57,840 --> 00:19:01,800 Speaker 1: And as I was saying, most people would say, we'll shoot, um, 366 00:19:01,840 --> 00:19:03,440 Speaker 1: why don't I just sell at the top and buy 367 00:19:03,480 --> 00:19:06,679 Speaker 1: back at the bottom. And uh, as I said, you 368 00:19:06,680 --> 00:19:09,480 Speaker 1: don't know that until you're looking backwards on it. But 369 00:19:09,680 --> 00:19:10,920 Speaker 1: I am going to have someone on the channel a 370 00:19:10,960 --> 00:19:13,239 Speaker 1: little bit later. We'll talk about some ways that you 371 00:19:13,280 --> 00:19:15,280 Speaker 1: could try to play that a little bit if you want. 372 00:19:15,640 --> 00:19:18,800 Speaker 1: But for now, let's look at some of the bigger things. Remember, um, 373 00:19:18,880 --> 00:19:21,359 Speaker 1: is the development still going on. And that's what I 374 00:19:21,359 --> 00:19:25,680 Speaker 1: want to look at for me personally, because I work, 375 00:19:25,720 --> 00:19:28,080 Speaker 1: and I run a business and I have a family. 376 00:19:28,720 --> 00:19:31,440 Speaker 1: I can't spend all my time looking at charts on 377 00:19:31,480 --> 00:19:33,640 Speaker 1: a daily basis trading, and so I look at these 378 00:19:33,680 --> 00:19:36,560 Speaker 1: big things, remember watching the development, And so let's talk 379 00:19:36,600 --> 00:19:40,480 Speaker 1: about some of these really big things that happened this week, um, 380 00:19:40,560 --> 00:19:43,320 Speaker 1: that are really going to drive the price on a 381 00:19:43,320 --> 00:19:46,520 Speaker 1: long term basis. Now, the first thing is, like I said, 382 00:19:46,520 --> 00:19:48,960 Speaker 1: I mean, you know, we back up the new highs. 383 00:19:48,960 --> 00:19:52,359 Speaker 1: You know, dollars we got to, which is the highest 384 00:19:52,440 --> 00:19:54,600 Speaker 1: it's been in about five months, which is good. We've 385 00:19:54,640 --> 00:19:57,800 Speaker 1: also seen the entire market cap for bitcoin get back 386 00:19:57,880 --> 00:20:00,840 Speaker 1: up to about a trillion dollars and the big number 387 00:20:01,119 --> 00:20:04,399 Speaker 1: a trillion dollars UM. And there's something in the markets 388 00:20:04,520 --> 00:20:09,320 Speaker 1: about these round numbers, right, So there's psychological levels when 389 00:20:09,320 --> 00:20:12,199 Speaker 1: you get to ten thousand or fifty UM, and the 390 00:20:12,280 --> 00:20:15,720 Speaker 1: same is kind of true with that trillion dollar market cap. 391 00:20:15,840 --> 00:20:19,439 Speaker 1: So so we're up there, But um, what is going 392 00:20:19,600 --> 00:20:23,920 Speaker 1: on that's causing this, right, we're looking for the fundamental drivers. 393 00:20:23,960 --> 00:20:26,760 Speaker 1: We want to understand what's going on in the world 394 00:20:27,320 --> 00:20:30,719 Speaker 1: that's causing the price to go up. I talked about obviously, um, 395 00:20:30,800 --> 00:20:33,159 Speaker 1: the development and bringing on mind share, but what is 396 00:20:33,320 --> 00:20:37,080 Speaker 1: driving people to buy it? Like why? That's why now 397 00:20:37,119 --> 00:20:39,320 Speaker 1: many people are probably well, I'm buying it because I 398 00:20:39,320 --> 00:20:41,399 Speaker 1: think it's gonna go up in dollar value, But but 399 00:20:41,520 --> 00:20:44,000 Speaker 1: really what's behind that? Why would it go up in 400 00:20:44,000 --> 00:20:48,320 Speaker 1: dollar value? And if you can understand that piece the why, 401 00:20:48,480 --> 00:20:51,280 Speaker 1: you're gonna have a massive edge what I call the 402 00:20:51,280 --> 00:20:54,040 Speaker 1: asymmetric edge over the rest of the market. Now, by 403 00:20:54,080 --> 00:20:56,040 Speaker 1: the way, you're listening to the markma Show where I'm 404 00:20:56,040 --> 00:21:00,679 Speaker 1: talking about bitcoin, cryptocurrencies and the decentralized revolution. You should. Uh, 405 00:21:00,720 --> 00:21:02,840 Speaker 1: if you're on Twitter, give me a follow one Mark 406 00:21:02,920 --> 00:21:05,800 Speaker 1: Moss on Twitter one Mark Moss on Twitter. Um, and 407 00:21:05,840 --> 00:21:08,800 Speaker 1: I want to just tell you why why bitcoin goes up. 408 00:21:08,840 --> 00:21:11,720 Speaker 1: So there's several big factors going on this week that 409 00:21:11,880 --> 00:21:14,960 Speaker 1: I think are the reason why we're seeing bitcoin shoot 410 00:21:14,960 --> 00:21:17,720 Speaker 1: back up right now. One of the biggest things and 411 00:21:17,760 --> 00:21:21,080 Speaker 1: this is, uh, this is bigger than bitcoin, bigger than cryptocurrencies. 412 00:21:21,080 --> 00:21:23,000 Speaker 1: I mean, this is this is bigger than the United States. 413 00:21:23,040 --> 00:21:26,600 Speaker 1: This is the whole world right now, and it's the 414 00:21:26,680 --> 00:21:29,879 Speaker 1: central banks. You know, the central banks. I like to 415 00:21:29,880 --> 00:21:33,720 Speaker 1: call them the banksters, the banksters kind of like gangsters. 416 00:21:33,760 --> 00:21:38,080 Speaker 1: They are literally controlling the world like a monopoly um 417 00:21:38,119 --> 00:21:40,560 Speaker 1: with the money supply. And really they have two tools, 418 00:21:40,640 --> 00:21:43,520 Speaker 1: the central banks. One they can control interest rates, and 419 00:21:43,600 --> 00:21:46,280 Speaker 1: two they can control the monetary supply. And the way 420 00:21:46,280 --> 00:21:50,440 Speaker 1: that they use that money is what's basically been driving 421 00:21:50,480 --> 00:21:53,920 Speaker 1: all of the markets. And then the other big thing, 422 00:21:54,200 --> 00:21:56,520 Speaker 1: especially in the in the world, but especially in the 423 00:21:56,560 --> 00:21:59,840 Speaker 1: United States right now, is the United States government and 424 00:22:00,119 --> 00:22:03,200 Speaker 1: the amount of debt that they have. And so it's 425 00:22:03,200 --> 00:22:05,760 Speaker 1: probably not anybody's surprised at this point that the United 426 00:22:05,800 --> 00:22:08,840 Speaker 1: States federal government has more debt than they have ever 427 00:22:08,920 --> 00:22:12,000 Speaker 1: had any period of time. The national debt is about 428 00:22:12,040 --> 00:22:15,840 Speaker 1: twenty eight trillion dollars at this point. I am. What 429 00:22:16,000 --> 00:22:20,320 Speaker 1: happens every other year about right on, right on schedule 430 00:22:20,800 --> 00:22:25,400 Speaker 1: is talks about a debt ceiling. A debt ceiling. Now, 431 00:22:25,400 --> 00:22:28,640 Speaker 1: what does that mean? What the heck is a debt ceiling? Well, 432 00:22:29,160 --> 00:22:31,440 Speaker 1: it's kind of like a cap. Like if you have 433 00:22:31,480 --> 00:22:34,320 Speaker 1: a credit card, which I'm sure you probably do, you 434 00:22:34,400 --> 00:22:37,880 Speaker 1: probably have a limit on how much credit you can 435 00:22:37,920 --> 00:22:40,600 Speaker 1: pull off your credit card. Right now, if you've ever 436 00:22:41,000 --> 00:22:44,040 Speaker 1: maxed out your credit card, then you probably know that 437 00:22:44,200 --> 00:22:46,800 Speaker 1: it can actually be negative on your credit score. Um, 438 00:22:46,840 --> 00:22:49,200 Speaker 1: if all your credit cards are maxed out, that's actually 439 00:22:49,200 --> 00:22:50,639 Speaker 1: a bad thing. What you typically want to do is 440 00:22:50,680 --> 00:22:52,760 Speaker 1: kind of charge it up and pay it down, and 441 00:22:52,800 --> 00:22:54,760 Speaker 1: you want to keep balances on those cards, but you 442 00:22:54,760 --> 00:22:57,960 Speaker 1: don't want to maxim out. UM. I know, I have 443 00:22:58,000 --> 00:23:00,520 Speaker 1: an a MAX card that I use for my business, 444 00:23:00,720 --> 00:23:02,160 Speaker 1: and I put a lot of money on that card 445 00:23:02,160 --> 00:23:03,879 Speaker 1: on a monthly basis, and you know, trying to rack 446 00:23:03,960 --> 00:23:05,880 Speaker 1: up points and stuff like that, and so it gets 447 00:23:05,960 --> 00:23:07,439 Speaker 1: you know, it gets a huge balance every month and 448 00:23:07,440 --> 00:23:09,480 Speaker 1: then I pay it down. Um, and I can see 449 00:23:09,680 --> 00:23:13,919 Speaker 1: literally my credit score can move in double digits just 450 00:23:14,000 --> 00:23:16,240 Speaker 1: from the time that that that amount goes up and 451 00:23:16,280 --> 00:23:17,640 Speaker 1: until the time I pay it back off. I mean 452 00:23:17,640 --> 00:23:20,440 Speaker 1: it literally swings that much. Well, the United States government 453 00:23:20,560 --> 00:23:24,879 Speaker 1: is sort of similar. They also have a debt limit 454 00:23:25,200 --> 00:23:28,960 Speaker 1: a credit limit as well. And so what's interesting is that, 455 00:23:28,960 --> 00:23:30,720 Speaker 1: like I said, about every other year, you know, the 456 00:23:30,800 --> 00:23:33,600 Speaker 1: United States government gets together and they do this kind 457 00:23:33,600 --> 00:23:36,280 Speaker 1: of song and dance and they talk about up, well, 458 00:23:37,200 --> 00:23:40,520 Speaker 1: our credit limits up. There's a debt ceiling, there's a 459 00:23:40,560 --> 00:23:43,240 Speaker 1: cap on how much money we can borrow. And then 460 00:23:43,280 --> 00:23:45,840 Speaker 1: they start to say, you know, the fearmongering comes in 461 00:23:45,880 --> 00:23:49,680 Speaker 1: and they say, well, if we don't raise it, then 462 00:23:49,720 --> 00:23:52,879 Speaker 1: the government could default on the debt, and if we 463 00:23:53,000 --> 00:23:55,879 Speaker 1: default on the debt, it could be the most catastrophic 464 00:23:55,960 --> 00:23:59,520 Speaker 1: event for the United States economy. But the thing is 465 00:23:59,560 --> 00:24:02,120 Speaker 1: that the United Days economy is the driver of the 466 00:24:02,119 --> 00:24:05,159 Speaker 1: world economy, so that the US dollar is the reserve 467 00:24:05,240 --> 00:24:09,159 Speaker 1: currency of the entire world, and so whatever happens with 468 00:24:09,160 --> 00:24:11,480 Speaker 1: the US so goes the rest of the world. And 469 00:24:11,520 --> 00:24:13,800 Speaker 1: so they start this fearmongering and they say, you know, shoot, 470 00:24:13,840 --> 00:24:17,000 Speaker 1: if we don't raise the debt, ceiling. Then we won't 471 00:24:17,000 --> 00:24:20,560 Speaker 1: be able to pay um for all these very very 472 00:24:20,640 --> 00:24:24,159 Speaker 1: necessary things. Now, uh, they'll of course come out and 473 00:24:24,440 --> 00:24:26,960 Speaker 1: tell you they can't afford to pay the most important thing. 474 00:24:27,040 --> 00:24:30,280 Speaker 1: So we won't be able to pay social security. It's 475 00:24:30,320 --> 00:24:32,840 Speaker 1: gonna be horrible. We won't be able to pay medical 476 00:24:32,880 --> 00:24:36,000 Speaker 1: bills for our veterans. Oh my gosh, that's horrible. And 477 00:24:36,040 --> 00:24:38,399 Speaker 1: so they start with those things which are going to 478 00:24:38,520 --> 00:24:40,840 Speaker 1: pull on the heartstrings the most. Now, what about the 479 00:24:41,160 --> 00:24:43,240 Speaker 1: you know, hundreds of millions of dollars that we send 480 00:24:43,240 --> 00:24:44,840 Speaker 1: to countries in the Middle East so they can do 481 00:24:44,880 --> 00:24:50,119 Speaker 1: gender studies, Like, shouldn't we start cutting those first? Like, uh, 482 00:24:50,200 --> 00:24:53,440 Speaker 1: there's plenty of waste, plenty of money that we send 483 00:24:53,440 --> 00:24:56,119 Speaker 1: to other countries. Like, let's start cutting those things before 484 00:24:56,160 --> 00:25:00,040 Speaker 1: we start cutting the veterans pay. But anyway, U this 485 00:25:00,280 --> 00:25:02,600 Speaker 1: song and dance and and every year it's the same thing. 486 00:25:02,720 --> 00:25:06,120 Speaker 1: The government's gonna shut down. Sometimes they do temporarily shut 487 00:25:06,160 --> 00:25:08,119 Speaker 1: down for a couple of days or a week, but 488 00:25:08,320 --> 00:25:11,000 Speaker 1: of course they're always going to vote to raise that 489 00:25:11,080 --> 00:25:14,479 Speaker 1: debt ceiling because they want their salaries paid, right, and 490 00:25:14,560 --> 00:25:17,560 Speaker 1: so um, here we are having talks of the debt 491 00:25:17,600 --> 00:25:21,719 Speaker 1: ceiling not getting paid again, but this time you know, 492 00:25:21,800 --> 00:25:23,760 Speaker 1: I mean the debt keeps getting higher and higher and higher. 493 00:25:24,200 --> 00:25:26,040 Speaker 1: And just like any credit line you may get on 494 00:25:26,080 --> 00:25:28,240 Speaker 1: your credit cards. Um, you know, the higher debt gets, 495 00:25:28,280 --> 00:25:30,920 Speaker 1: the harder it is to get more debt. And so, um, 496 00:25:30,960 --> 00:25:32,639 Speaker 1: you know, we're in this dangerous time. The economy is 497 00:25:32,640 --> 00:25:35,639 Speaker 1: on shaky ground and and many people think that there's 498 00:25:35,680 --> 00:25:39,399 Speaker 1: this possibility that the debt ceiling doesn't get raised. And 499 00:25:39,440 --> 00:25:41,440 Speaker 1: so if that were to happen, it, like I said, 500 00:25:41,440 --> 00:25:43,919 Speaker 1: to be catastrophic for the US, to be catastrophic for 501 00:25:43,960 --> 00:25:49,480 Speaker 1: the US dollar. And bitcoin is the alternative to the dollar, right. 502 00:25:49,760 --> 00:25:51,639 Speaker 1: Bitcoin is a way that we can get our money 503 00:25:51,720 --> 00:25:54,879 Speaker 1: out of the banking system, out of the US dollar. 504 00:25:55,440 --> 00:25:57,159 Speaker 1: It's like a it's like a lifeboat. Right. If the 505 00:25:57,200 --> 00:26:00,320 Speaker 1: US dollar was like the Titanic, Bitcoin to like the 506 00:26:00,359 --> 00:26:02,400 Speaker 1: life raft that we can jump into and we can 507 00:26:02,480 --> 00:26:04,840 Speaker 1: sail off the safety. And so I think that is 508 00:26:04,880 --> 00:26:09,000 Speaker 1: a massive driver, um this week of what is going 509 00:26:09,040 --> 00:26:12,919 Speaker 1: to happen. Now. In addition to that, we see them 510 00:26:12,960 --> 00:26:15,119 Speaker 1: talking about raising the dead ceiling limit. We talk about 511 00:26:15,200 --> 00:26:17,920 Speaker 1: they're talking about ways that the government can just print 512 00:26:17,960 --> 00:26:20,400 Speaker 1: a trillion dollar coin. Maybe you guys have been hearing 513 00:26:20,400 --> 00:26:22,679 Speaker 1: about that this trillion dollar coin, it's the way that 514 00:26:22,680 --> 00:26:26,359 Speaker 1: they could get around the limitations of of the of 515 00:26:26,400 --> 00:26:28,960 Speaker 1: the dead ceiling limit um. And I think I think, 516 00:26:28,960 --> 00:26:30,280 Speaker 1: like I said, it's all a bunch of hoop law. 517 00:26:30,280 --> 00:26:31,280 Speaker 1: I think at the end of the day, they're going 518 00:26:31,320 --> 00:26:33,639 Speaker 1: to go ahead and raise it. They do every single time. 519 00:26:34,600 --> 00:26:36,880 Speaker 1: I'd like to see if what happened if they didn't, though, 520 00:26:37,080 --> 00:26:40,159 Speaker 1: I mean sometimes I think, uh, maybe it wouldn't be 521 00:26:40,200 --> 00:26:43,040 Speaker 1: such a bad idea to see the government shut down 522 00:26:43,080 --> 00:26:44,600 Speaker 1: for a couple of days. Now. I know if you're 523 00:26:44,600 --> 00:26:46,720 Speaker 1: a government employee, that may not be so good. But 524 00:26:46,760 --> 00:26:49,840 Speaker 1: like for the average person that's listening to this right now, 525 00:26:50,440 --> 00:26:53,159 Speaker 1: like I just look at the government as making laws, 526 00:26:53,200 --> 00:26:55,560 Speaker 1: Like every day they're passing new laws that restrict things 527 00:26:55,560 --> 00:26:59,800 Speaker 1: that I want to do. Like what else are they doing? Yeah, right, 528 00:27:00,560 --> 00:27:02,399 Speaker 1: you think about it like that. So anyway, but it's 529 00:27:02,400 --> 00:27:05,000 Speaker 1: never gonna happen. They're gonna continue to print money. But 530 00:27:05,040 --> 00:27:07,840 Speaker 1: that's a big driver of what's happening with bitcoin. I 531 00:27:07,840 --> 00:27:09,960 Speaker 1: want to talk more about that. But there's also some 532 00:27:10,240 --> 00:27:12,360 Speaker 1: way bigger catalysts that happened this week that I want 533 00:27:12,359 --> 00:27:15,360 Speaker 1: to talk about some big, big changes in the banking 534 00:27:15,440 --> 00:27:19,119 Speaker 1: system that most people haven't been aware of. UM. And 535 00:27:19,560 --> 00:27:24,879 Speaker 1: also massive catalysts happening on Wall Street that's actually pushing huge, 536 00:27:24,920 --> 00:27:27,600 Speaker 1: huge amounts of money to bitcoins. We're gonna talk about that. 537 00:27:27,960 --> 00:27:30,240 Speaker 1: You are listening to the Mark mass Show where I 538 00:27:30,240 --> 00:27:35,000 Speaker 1: talk about bitcoin, cryptocurrencies, the decentralized Revolution, and I will 539 00:27:35,040 --> 00:27:38,399 Speaker 1: be right back. All right, welcome back. You are listening 540 00:27:38,440 --> 00:27:41,360 Speaker 1: to the Mark ma Show where I talk about bitcoin, cryptocurrencies, 541 00:27:41,400 --> 00:27:45,280 Speaker 1: the decentralized revolution, and I am bringing you each and 542 00:27:45,359 --> 00:27:50,199 Speaker 1: every week the asymmetric information that you need for the 543 00:27:50,200 --> 00:27:52,919 Speaker 1: asymmetric opportunity. So that means I'm bringing you information that 544 00:27:52,960 --> 00:27:55,720 Speaker 1: most people don't have so you can have an edge. Um. 545 00:27:55,760 --> 00:27:59,280 Speaker 1: You know, if you're playing poker, uh, a poker game 546 00:27:59,359 --> 00:28:01,359 Speaker 1: you're in by guess whatever, like you're always you always 547 00:28:01,400 --> 00:28:03,639 Speaker 1: need to have an edge. If you're investing in the markets, 548 00:28:03,640 --> 00:28:06,120 Speaker 1: you need to have an edge. Without an edge, you're 549 00:28:06,119 --> 00:28:08,440 Speaker 1: not gonna be very effective. And this information is the edge, 550 00:28:08,480 --> 00:28:12,119 Speaker 1: the asymmetric edge for the asymmetric upside. So we're talking 551 00:28:12,160 --> 00:28:14,560 Speaker 1: about Before the break, I was talking about the debt 552 00:28:14,600 --> 00:28:17,199 Speaker 1: ceiling UM and how there's a song and dance that 553 00:28:17,240 --> 00:28:20,280 Speaker 1: happens every couple of years. Um. And this disruption in 554 00:28:20,320 --> 00:28:24,720 Speaker 1: the market, the potential of the government's defaulting has I believe, 555 00:28:24,800 --> 00:28:27,560 Speaker 1: had a big effect on bitcoin because, like I said, 556 00:28:27,560 --> 00:28:30,000 Speaker 1: bitcoin is that life raft. So um, when the dollar 557 00:28:30,400 --> 00:28:33,399 Speaker 1: is starting to lose its value, um, people want to 558 00:28:33,400 --> 00:28:35,560 Speaker 1: go into something else and so um. The way that 559 00:28:35,600 --> 00:28:40,880 Speaker 1: works is that for every new dollar that's created, each 560 00:28:41,000 --> 00:28:45,920 Speaker 1: existing dollar is worth less, like worthless, but worth less. 561 00:28:45,960 --> 00:28:49,280 Speaker 1: And so what what happens is the more money the 562 00:28:49,320 --> 00:28:52,640 Speaker 1: federals are the central banks the federal government comes up 563 00:28:52,680 --> 00:28:57,120 Speaker 1: with prints creates, the more money they create, the less 564 00:28:57,160 --> 00:28:59,520 Speaker 1: each existing dollar is worth less and less. And so 565 00:29:00,000 --> 00:29:02,440 Speaker 1: most people think like, oh my gosh, like my house 566 00:29:02,480 --> 00:29:05,160 Speaker 1: has been such a good investment. My house used to 567 00:29:05,200 --> 00:29:08,400 Speaker 1: be two dred thousand and now it's three hundred thousand dollars. 568 00:29:08,440 --> 00:29:11,960 Speaker 1: It went up in value. Unfortunately, I hate to break 569 00:29:12,000 --> 00:29:14,040 Speaker 1: it to you, but that's not the case. Your house 570 00:29:14,080 --> 00:29:15,920 Speaker 1: didn't go up in value. Your house is still worth 571 00:29:15,960 --> 00:29:20,640 Speaker 1: the same house. What happened is the dollars became worth less. 572 00:29:21,120 --> 00:29:24,840 Speaker 1: So now it just takes more dollars to buy that house. 573 00:29:25,800 --> 00:29:28,920 Speaker 1: That's the way it works, and so we're all most 574 00:29:28,920 --> 00:29:33,200 Speaker 1: people are looking at this the wrong way. Your stocks 575 00:29:33,280 --> 00:29:35,880 Speaker 1: aren't worth more. They didn't go up in value. The 576 00:29:35,960 --> 00:29:38,640 Speaker 1: house didn't go up more in value. Is that the 577 00:29:38,800 --> 00:29:42,120 Speaker 1: dollars have been worth are becoming worth less and less 578 00:29:42,160 --> 00:29:45,560 Speaker 1: and less. So, for example, over the last about eighteen months, 579 00:29:45,800 --> 00:29:48,880 Speaker 1: we've seen the Central Bank, the federal governments, etcetera. Uh 580 00:29:49,080 --> 00:29:52,600 Speaker 1: create about eight trillion dollars. About thirty five per cent 581 00:29:53,400 --> 00:29:57,200 Speaker 1: of all dollars in existence today were created in just 582 00:29:57,240 --> 00:30:01,640 Speaker 1: the last year and a half. So when we increase 583 00:30:01,760 --> 00:30:05,840 Speaker 1: the money supply, what happens while we have more money 584 00:30:06,240 --> 00:30:09,320 Speaker 1: chasing the same amount of goods and services. So what 585 00:30:09,360 --> 00:30:12,320 Speaker 1: people think is that if I just print money and 586 00:30:12,360 --> 00:30:14,200 Speaker 1: send it out there, everybody, they're gonna be rich. Right Like, 587 00:30:14,440 --> 00:30:16,800 Speaker 1: let's just print a bunch of stemmy, send everybody a 588 00:30:16,800 --> 00:30:21,200 Speaker 1: twelve bucks, and everyone's gonna be rich. The problem is 589 00:30:21,400 --> 00:30:27,680 Speaker 1: that money is not wealth. Money measures wealth. Money helps 590 00:30:27,720 --> 00:30:31,600 Speaker 1: me acquire wealth. So what's wealth? Then? Well, wealth is 591 00:30:31,640 --> 00:30:34,320 Speaker 1: goods and services. Right. Let me give you an example. 592 00:30:34,440 --> 00:30:38,120 Speaker 1: So if I, you, and I were on a deserted island. 593 00:30:38,160 --> 00:30:40,120 Speaker 1: We got stranded on a deserted island, and I had 594 00:30:40,240 --> 00:30:43,880 Speaker 1: had a briefcase with a billion dollars in it. A 595 00:30:43,920 --> 00:30:48,880 Speaker 1: billion dollars in that briefcase, I'm rich, right, Well, not really, 596 00:30:48,920 --> 00:30:50,880 Speaker 1: because on that island, I don't have a phone to 597 00:30:50,920 --> 00:30:52,360 Speaker 1: call for help. I don't have a boat to get 598 00:30:52,400 --> 00:30:54,440 Speaker 1: off the island, and I don't even have any food 599 00:30:54,520 --> 00:30:57,760 Speaker 1: or water. So I'm on an island with no resources. 600 00:30:57,800 --> 00:31:01,080 Speaker 1: But I have a billion dollars. Am I rich? The 601 00:31:01,120 --> 00:31:03,200 Speaker 1: answer is no, right. Imagine if there was a guy 602 00:31:03,200 --> 00:31:04,480 Speaker 1: on the island who had like a little hut, a 603 00:31:04,480 --> 00:31:07,400 Speaker 1: little grass hut, and he has stockpile of like coconut 604 00:31:07,440 --> 00:31:11,080 Speaker 1: and bananas or something in some fish. Well, um, he 605 00:31:11,120 --> 00:31:15,000 Speaker 1: would be rich because he had food and water, he 606 00:31:15,040 --> 00:31:17,040 Speaker 1: had resources. All I had was a billion dollars, and 607 00:31:17,040 --> 00:31:19,040 Speaker 1: he probably wouldn't take my billion dollars because what good 608 00:31:19,040 --> 00:31:21,360 Speaker 1: would they do him, right, They wouldn't do him any good. 609 00:31:21,800 --> 00:31:23,840 Speaker 1: And so wealth is goods and services. And so what 610 00:31:23,880 --> 00:31:26,480 Speaker 1: happens is when they created thirty of the money supying 611 00:31:26,480 --> 00:31:29,880 Speaker 1: the last year, we have more money chasing the same 612 00:31:29,920 --> 00:31:32,480 Speaker 1: amount of goods and services. And in this case, because 613 00:31:32,520 --> 00:31:35,440 Speaker 1: the supply chain constraints that we have, we actually have 614 00:31:35,520 --> 00:31:39,640 Speaker 1: less goods and services. Right, there's less goods and services today. Um, 615 00:31:39,680 --> 00:31:41,760 Speaker 1: you know, people aren't working, they're getting their stimmy, they're 616 00:31:41,760 --> 00:31:44,360 Speaker 1: staying home. So you know, I've been traveling all year 617 00:31:44,440 --> 00:31:46,160 Speaker 1: and I've seen most of the hotels have been at. 618 00:31:46,200 --> 00:31:50,280 Speaker 1: They don't have room service, they can't do housekeeping daily. Um. 619 00:31:50,400 --> 00:31:52,040 Speaker 1: One hotel I was at they couldn't even open up 620 00:31:52,080 --> 00:31:54,080 Speaker 1: their restaurant the whole time I was there. So there's 621 00:31:54,120 --> 00:31:57,200 Speaker 1: actually less goods and services available. So there's more money 622 00:31:57,320 --> 00:31:59,440 Speaker 1: chasing less goods and services. So what's going to happen? 623 00:32:00,240 --> 00:32:03,239 Speaker 1: The price goes up? Right, the price goes up. By 624 00:32:03,240 --> 00:32:05,160 Speaker 1: the way you're listening to the Markmas show, I talked 625 00:32:05,160 --> 00:32:09,480 Speaker 1: about bitcoin, cryptocurrencies and the decentralized revolution, bringing you the 626 00:32:09,480 --> 00:32:13,520 Speaker 1: asymmetric information you need to participate in this boom. So Um, 627 00:32:13,560 --> 00:32:16,240 Speaker 1: when you have more money chasing the same amount of 628 00:32:16,240 --> 00:32:18,160 Speaker 1: goods services, the price to go up. Which is why 629 00:32:18,360 --> 00:32:20,640 Speaker 1: if the dollars in existence were created in the last 630 00:32:20,680 --> 00:32:23,200 Speaker 1: year and a half, why do you think the median 631 00:32:23,280 --> 00:32:27,320 Speaker 1: home price in the United States went up by Why 632 00:32:27,320 --> 00:32:31,640 Speaker 1: do you think use cars went up by? Why do 633 00:32:31,680 --> 00:32:36,320 Speaker 1: you think gasoline went up by about You're starting to 634 00:32:36,360 --> 00:32:40,720 Speaker 1: see the pattern here. So your home, your stocks. Uh, 635 00:32:40,760 --> 00:32:44,200 Speaker 1: your used car didn't go up in value. The dollars 636 00:32:44,240 --> 00:32:46,600 Speaker 1: went down, and it takes more. So back to the 637 00:32:46,640 --> 00:32:50,000 Speaker 1: debt ceiling. If we pull this back together, they want 638 00:32:50,080 --> 00:32:52,479 Speaker 1: to increase the debt ceiling. They want to take on 639 00:32:52,520 --> 00:32:55,720 Speaker 1: more debt, They want to put more dollars into existence. 640 00:32:56,800 --> 00:33:00,560 Speaker 1: And again what happens, Well, we have more dollars again 641 00:33:00,680 --> 00:33:04,160 Speaker 1: chasing a limited amount of goods services, which sends the 642 00:33:04,240 --> 00:33:07,680 Speaker 1: prices of those goods and services up because the dollar 643 00:33:07,840 --> 00:33:11,280 Speaker 1: of those value, the value of those dollars is going down. Now, 644 00:33:11,320 --> 00:33:14,680 Speaker 1: this is exactly why the rich get richer and the 645 00:33:14,720 --> 00:33:18,640 Speaker 1: poor get poor. This is the reason are you catching on? 646 00:33:19,600 --> 00:33:23,920 Speaker 1: Because the rich own assets. I own real estate, I 647 00:33:24,000 --> 00:33:27,000 Speaker 1: own stocks, I own a business, et cetera. So every 648 00:33:27,000 --> 00:33:30,360 Speaker 1: time the Fed pumps out another trily, the value of 649 00:33:30,400 --> 00:33:33,760 Speaker 1: all my assets goes up. But the poor, they don't 650 00:33:33,760 --> 00:33:38,840 Speaker 1: own any assets. They work for wages, but the value 651 00:33:38,880 --> 00:33:42,240 Speaker 1: of those wages keeps going down, and they don't own 652 00:33:42,240 --> 00:33:45,200 Speaker 1: the assets that are going up. That is what's driving 653 00:33:45,280 --> 00:33:48,200 Speaker 1: the divide of the rich and poor. Now the Federal 654 00:33:48,240 --> 00:33:52,479 Speaker 1: Reserve doesn't understand that, or they're lying and saying they 655 00:33:52,480 --> 00:33:55,520 Speaker 1: don't understand it. I can't understand. I mean, they've gotta 656 00:33:55,520 --> 00:34:00,080 Speaker 1: be smarter than me. But now their goal is to 657 00:34:00,200 --> 00:34:03,720 Speaker 1: tack it, tackle income in equality as a matter of factor. 658 00:34:03,760 --> 00:34:06,920 Speaker 1: It looks like FED chair Jerome Powell is probably on 659 00:34:07,000 --> 00:34:08,960 Speaker 1: his way out. There's a lot of scandal going on 660 00:34:09,000 --> 00:34:11,680 Speaker 1: at the Federal Reserve right now where they've been doing 661 00:34:11,719 --> 00:34:16,480 Speaker 1: insider trading. We've seen a number of Federal Reserve insiders 662 00:34:16,560 --> 00:34:19,000 Speaker 1: get charged with this, and they're really bringing an attack 663 00:34:19,040 --> 00:34:21,800 Speaker 1: against Jerome Pale, who's the head of the Photo Reserve. 664 00:34:22,000 --> 00:34:23,440 Speaker 1: And it looks like they probably want to bring in 665 00:34:23,440 --> 00:34:26,359 Speaker 1: a replacement brainerd Um. Looks like they may be coming in. 666 00:34:26,520 --> 00:34:28,239 Speaker 1: And one of the reasons why I think they want 667 00:34:28,239 --> 00:34:29,960 Speaker 1: Brainer to come in is because they want someone that 668 00:34:30,000 --> 00:34:33,040 Speaker 1: can do They can use more regulations to try to 669 00:34:33,080 --> 00:34:36,880 Speaker 1: control things. And the goal is to try to tackle 670 00:34:37,160 --> 00:34:40,279 Speaker 1: this income in equality. That's their goal. But how can 671 00:34:40,320 --> 00:34:44,040 Speaker 1: they tackle income inequality when it's their policies that are 672 00:34:44,120 --> 00:34:48,160 Speaker 1: literally causing this. Now, to give you an example of this, 673 00:34:48,480 --> 00:34:50,879 Speaker 1: let's let let's go back to bitcoin, and let's give 674 00:34:50,880 --> 00:34:53,360 Speaker 1: you a couple of examples. So they've created, of course, 675 00:34:54,280 --> 00:34:56,480 Speaker 1: trillions of dollars, tens of tillions of dollars in the 676 00:34:56,520 --> 00:35:01,680 Speaker 1: last thirty years in one uh so uh. If you 677 00:35:01,719 --> 00:35:04,040 Speaker 1: don't know, go back a little bit further in history. 678 00:35:04,360 --> 00:35:07,720 Speaker 1: In nineteen forty four was something called the Breton Woods Agreement. 679 00:35:08,040 --> 00:35:10,319 Speaker 1: Under the Breton Woods Agreement, the dollar would be back 680 00:35:10,320 --> 00:35:13,000 Speaker 1: to gold, so thirty five dollars would equal one ounce 681 00:35:13,040 --> 00:35:15,839 Speaker 1: of gold, and then all the currencies of the world 682 00:35:15,880 --> 00:35:18,400 Speaker 1: would be pegged one to one to the dollar. So 683 00:35:18,440 --> 00:35:22,040 Speaker 1: that means that the entire world was on a gold system, 684 00:35:22,080 --> 00:35:24,920 Speaker 1: and that means they couldn't just print more dollars because 685 00:35:24,960 --> 00:35:27,880 Speaker 1: they can't just print more gold. So everybody was forced 686 00:35:27,920 --> 00:35:30,560 Speaker 1: to live on a budget. Well, if you know anything 687 00:35:30,560 --> 00:35:32,799 Speaker 1: about the government, they don't want to live on a budget, right. 688 00:35:32,840 --> 00:35:34,279 Speaker 1: They can't even stand at the dead ceiling. They want 689 00:35:34,320 --> 00:35:36,680 Speaker 1: to raise the dead ceiling. And so they started printing 690 00:35:36,719 --> 00:35:41,280 Speaker 1: more and more dollars. Seventy one, President Richard Nixon took 691 00:35:41,440 --> 00:35:44,839 Speaker 1: the took the US off the dollar standard, which then 692 00:35:44,920 --> 00:35:47,640 Speaker 1: took the whole world off the dollar standard. And since 693 00:35:47,680 --> 00:35:50,760 Speaker 1: then we've created trillions and trillions, actually over three hundred 694 00:35:50,800 --> 00:35:53,040 Speaker 1: trillion dollars since that time. So let me give you 695 00:35:53,080 --> 00:35:55,760 Speaker 1: an example of this that you can actually put into 696 00:35:56,239 --> 00:36:00,360 Speaker 1: some concrete numbers. So if we go back to nineteen seventy, 697 00:36:00,400 --> 00:36:02,520 Speaker 1: which was the year before we started creating all these 698 00:36:02,640 --> 00:36:06,000 Speaker 1: these dollars, um, if we look at the median home 699 00:36:06,040 --> 00:36:12,520 Speaker 1: price in the United States, um before and actually I 700 00:36:12,600 --> 00:36:16,279 Speaker 1: have these numbers here, so rather than try to pull 701 00:36:16,360 --> 00:36:17,759 Speaker 1: them off the top of my head, and let me 702 00:36:17,800 --> 00:36:21,520 Speaker 1: give them to you in a concrete way here, all right, 703 00:36:21,560 --> 00:36:23,600 Speaker 1: So I have these numbers in a concrete way I 704 00:36:23,600 --> 00:36:25,360 Speaker 1: want to give you so I want to show you 705 00:36:25,440 --> 00:36:27,120 Speaker 1: what I want to I want to answer the question 706 00:36:27,200 --> 00:36:30,759 Speaker 1: our home prices right now? Are they cheap or are 707 00:36:30,840 --> 00:36:33,440 Speaker 1: they expensive? Because I know a lot of people want 708 00:36:33,480 --> 00:36:34,960 Speaker 1: to know the answer that question. Of course, we're talking 709 00:36:35,000 --> 00:36:37,000 Speaker 1: about bitcoin, and we're gonna talk I'm gonna tell you 710 00:36:37,040 --> 00:36:39,000 Speaker 1: how this ties back into bitcoin. But I want to 711 00:36:39,000 --> 00:36:42,600 Speaker 1: answer the question, our u s home prices cheap right now? 712 00:36:43,200 --> 00:36:48,560 Speaker 1: Or are they expensive? Of course, the answer is compared 713 00:36:48,640 --> 00:36:51,879 Speaker 1: to what All right now, you're listening to the Mark 714 00:36:51,960 --> 00:36:55,480 Speaker 1: Mos Show where I talk about bitcoin. I talked about cryptocurrencies. 715 00:36:55,480 --> 00:36:58,360 Speaker 1: I talked about the decentralized revolution. But why am I 716 00:36:58,360 --> 00:37:00,840 Speaker 1: talking about the dead ceiling and the dollar and gold 717 00:37:00,840 --> 00:37:04,600 Speaker 1: and real estate? Because you have to understand what's driving 718 00:37:05,040 --> 00:37:07,200 Speaker 1: the need to go into bitcoin and why the price 719 00:37:07,320 --> 00:37:08,960 Speaker 1: will go back up. So when we come back, I'm 720 00:37:08,960 --> 00:37:12,040 Speaker 1: gonna tell you whether home prices are cheaper expensive. I'll 721 00:37:12,040 --> 00:37:12,480 Speaker 1: be right back