Speaker 1: You are now listening to the Mark Moss Show, and
Speaker 1: I am bringing to you the latest information on bitcoin,
Speaker 1: cryptocurrencies and the d centralized revolution. What I'm calling literally
Speaker 1: the biggest opportunity we've ever seen in our lives, and
Speaker 1: not just our lifetimes, but I'm talking about multiple generations. Now.
Speaker 1: This is the biggest asymmetric opportunity we've ever seen, which
Speaker 1: means that there is more upside than downside. Of course,
Speaker 1: that's what we want, right, the odds stacked in our favor. Now.
Speaker 1: The only way to get these asymmetric opportunities where we
Speaker 1: have that odds stacked in our favor, is to have
Speaker 1: asymmetric information, which means you have information that most people
Speaker 1: don't have yet, which is exactly what I'm going to
Speaker 1: bring to you each and every week to make sure
Speaker 1: that you do not miss out on the biggest opportunity
Speaker 1: you'll ever see in your lifetime. Now. I know that
Speaker 1: seems like a big claim, right, I mean, bitcoin cryptocurrencies, Um,
Speaker 1: is it a fad? Is it a joke? You know?
Speaker 1: Is it magic? Internet money? And all these different things.
Speaker 1: So I understand that you might have of all those questions,
Speaker 1: but you know the one thing that you have to
Speaker 1: keep in mind is that we aren't looking at just
Speaker 1: a new technology. A new technology would be like an iPhone,
Speaker 1: it would be like Uber Airbnb. Those are technologies and
Speaker 1: those are cool and and they change, you know, they
Speaker 1: change the way that we kind of work and interact
Speaker 1: in the world. And that's cool. I'm talking about a
Speaker 1: technological revolution, all right, We're talking about something different here.
Speaker 1: A technological revolution changes the way humanity works. I'm talking
Speaker 1: about the industrial revolution. I'm talking about steam engines, I'm
Speaker 1: talking about electricity, I'm talking about automobiles, I'm talking about microprocessors.
Speaker 1: And now we have this one. Now it's important to
Speaker 1: understand with each one of these is that it's always
Speaker 1: a different family getting rich. Right. So you you've heard
Speaker 1: the names obviously forward from the automobiles, and you've you've
Speaker 1: heard of bezos, um, you know in the or or
Speaker 1: jobs in the in the computer age. You hear about
Speaker 1: you know, the Rockefeller family and the oil and whatnot.
Speaker 1: So it's always a different family. And when we have
Speaker 1: a new technological revolution, like right now, it's your opportunity
Speaker 1: to put your family's name in that place. And that
Speaker 1: is how big this is. And so we'll talk about
Speaker 1: that um this week. The big news, of course, if
Speaker 1: you're paying attention anyway, is that bitcoin um has hit
Speaker 1: some highs, some high levels that we have not seen
Speaker 1: in about five months as a matter of fact at
Speaker 1: the time, and I'm talking to you right now, we're
Speaker 1: seeing bitcoin right around the fifty five thousand dollar price
Speaker 1: range than dollars, and that's for one bitcoin. Now, a
Speaker 1: couple of things that I want to point out real
Speaker 1: quickly before we dive into this. First off, one entire
Speaker 1: whole bitcoin is fifty five dollars. But a bitcoin is
Speaker 1: kind of like a dollar in a sense. So a
Speaker 1: dollar is divisible into one hundred cents, right um, So
Speaker 1: you could buy a penny's worth of a dollar right up,
Speaker 1: dollars a hundred cents, and a bitcoin is a hundred
Speaker 1: million sets, so similar, it's divisible. So what that means
Speaker 1: is that you don't have to buy you don't have
Speaker 1: to have fifty five thousand, you as dollars to buy
Speaker 1: a bitcoin. You can buy one dollar's worth. As a
Speaker 1: matter of fact, you could get five cents worth of bitcoin.
Speaker 1: As a matter of fact, if you joined us last
Speaker 1: week on the Mark Moss Show, then you might have
Speaker 1: been hearing about us talking about a new feature that
Speaker 1: was put into Twitter where now people on Twitter can
Speaker 1: send bitcoin um instantly and for pretty much free, across
Speaker 1: the Lightning network to each other. And so it was
Speaker 1: just released a week ago at the time when I
Speaker 1: put the last show out, and over the course of
Speaker 1: the week, I've been getting tips, and it's amazing to
Speaker 1: get tips. By the way, if you're on Twitter, follow
Speaker 1: me one Mark Moss, one Mark Watson. If you can
Speaker 1: send me a tip, that'd be great. But um, I've
Speaker 1: been getting tips, you know, a dollar tips, three dollar tips,
Speaker 1: some five dollar tips. But I've also been getting some
Speaker 1: five cent tips in bitcoin, and so that illustrates my
Speaker 1: point that I want to just tell you right now.
Speaker 1: A lot of people think that bitcoin is too expensive.
Speaker 1: I don't have fifty, so I'm gonna go find a
Speaker 1: cryptocurrency that's cheaper that I can buy. But that's not
Speaker 1: how it works, all right, Don't don't get caught up
Speaker 1: in the price of a whole bitcoin um and try
Speaker 1: to go find a cheaper coin instead. Um. You can
Speaker 1: buy five cents or one dollar or a hundred dollars
Speaker 1: or whatever amount that you want. So now that's cleared up. UM.
Speaker 1: So Bitcoin has gotten back up to dollars. It hasn't
Speaker 1: been at that level since May about May twelve, so
Speaker 1: about five months ago. Now, Bitcoin is the largest cryptocurrency
Speaker 1: and so it kind of drags the whole market with it.
Speaker 1: So while Bitcoin is up big time, we also see
Speaker 1: the other major cryptocurrencies ethereum, et cetera. They're all pumping
Speaker 1: and doing well as well. Now why that's the one
Speaker 1: question that everybody wants to ask, And I would just
Speaker 1: typically say, we don't always have to have a reason
Speaker 1: why prices go up and prices go down. UM. In
Speaker 1: my opinion, I think that UM price is a distraction.
Speaker 1: And what do I mean by that, Well, when you're
Speaker 1: invested into a brand new technology, especially a technological revolution
Speaker 1: like bitcoin or like cryptocurrencies, are the price, especially on
Speaker 1: a daily basis or on a short term basis, are
Speaker 1: just a distraction, all right, When you're investing, when you're
Speaker 1: buying into a brand new technology, you're trying to buying
Speaker 1: cheap for where the price will be eventually. So we
Speaker 1: call the stock market typically would be called like a
Speaker 1: discounting mechanism. And so what that means is that I'm
Speaker 1: trying to buy something cheaper today, then it will be
Speaker 1: in the future. Now. Sometimes if I was going to
Speaker 1: short it, I'm hoping to buy more expensive without another subject.
Speaker 1: And so if I'm trying to buy something cheaper and
Speaker 1: have to be worth more in the future, then typically
Speaker 1: I'm going to want to hold that for a long
Speaker 1: period of time until it's worth that all right now,
Speaker 1: when you're in when you're buying, if you're investing into
Speaker 1: a new technology, um, it has massive potential like bitcoin,
Speaker 1: but it also takes a while to get there, and
Speaker 1: so that short term price is a distraction. Let me
Speaker 1: give you a good example. By the way, you're listening
Speaker 1: to the Markmash Show, we're talking about bitcoin, cryptocurrencies and
Speaker 1: the decentralized revolution. And then to give you an example
Speaker 1: of how this works, I'm gonna use something that you
Speaker 1: might be more familiar with. Let's talk about real estate.
Speaker 1: So let's say that, UM, I was at the city
Speaker 1: council meeting last night at my uh in my town
Speaker 1: and they told me that, you know, thirty miles out
Speaker 1: of town, in the middle of nowhere, UM, they're going
Speaker 1: to build a stadium and there's gonna be the stadium.
Speaker 1: They're gonna build condos and there's gonna be shopping and
Speaker 1: there's gonna be this whole megaplex and it's gonna be there,
Speaker 1: and I don't know five years from now. So I
Speaker 1: rush out the next morning and I go find land
Speaker 1: around where they want to build that stadium. And it's
Speaker 1: dirt cheap because there's nothing there. So I pie up
Speaker 1: some land and I'm all excited. Oh, in five years,
Speaker 1: when that stadium is built, that land is gonna be
Speaker 1: worth a lot of money. And so I buy that. Now,
Speaker 1: what happens if in a year from now the price
Speaker 1: of the land is cheaper than it was when I
Speaker 1: bought it? Should I panic? Should I sell the land?
Speaker 1: Should I freak out out? Or a better example would
Speaker 1: probably be, well, let me ask myself, is the project
Speaker 1: still on plan right? Is it still happening? Are they
Speaker 1: still working on the plans? Are they still getting the permits? Um?
Speaker 1: Have they got the loans? Have they started construction? And
Speaker 1: as long as the project is still on track, then
Speaker 1: what would I do? Well, I'd probably buy more land
Speaker 1: because it's cheaper. Now. Let me let me get more
Speaker 1: of that. I want more of that good investment um,
Speaker 1: and then I would just continue to hold. And so
Speaker 1: every time if the price were going up and down,
Speaker 1: I'd just say, hey, is the project still on track?
Speaker 1: If the answer is yes, then I would maybe buy
Speaker 1: more or I would just hold and continue. Now if
Speaker 1: I did find out like oh, no, they found whatever
Speaker 1: nuclear waste on the site and now we can't build
Speaker 1: on that site anymore, well, then then it's obviously a
Speaker 1: different story. Then the project is off. Let's say the
Speaker 1: financing fell through, whatever maybe happened. If the projects off,
Speaker 1: then I need to take my losses. I need to
Speaker 1: cut I need to sell my land as quick as
Speaker 1: I can. And so that's how we have to look
Speaker 1: at this. When we're buying something that's so early on
Speaker 1: like bitcoin, like cryptocurrencies, and what I would say is um, oh.
Speaker 1: With the price of bitcoin went from so it was
Speaker 1: at the last high that had this year, The latest
Speaker 1: high of this year was almost sixty five dollars and
Speaker 1: that was in April, and then it went from sixty
Speaker 1: all the way down into like the thirty thousand dollar range,
Speaker 1: and so a lot of people panic should I sell?
Speaker 1: I'm like, oh, should I sell? Well, I would ask
Speaker 1: the same question like the like the real estate right, Well,
Speaker 1: is the project still on track? Are they still developing it?
Speaker 1: Is there still development? And is it still growing now?
Speaker 1: Typically when you're looking at something like this, there's a
Speaker 1: new technology. There's two things you're looking for, all right.
Speaker 1: If these two things stay intact, then you want to
Speaker 1: stay in the project. All right, Only two things. I'm
Speaker 1: gonna make it really simple for you so that you
Speaker 1: can take advantage of these. And these are easy for
Speaker 1: anyone to understand. The first one is the network effects.
Speaker 1: Is the network still growing now? Network effects are very
Speaker 1: very powerful. Um. And actually there's a law, it's called
Speaker 1: Metcalf's Law that explains what network effects are. Now, I
Speaker 1: want to tell you exactly what that law states, and
Speaker 1: more importantly, tell you how to watch it. And as
Speaker 1: soon as we come back, i'm gonna explain that, and
Speaker 1: I'm gonna give you the other key. You're listening to
Speaker 1: the Mark Moss Show and I'll be right back. All right,
Speaker 1: Welcome back. You are listening to the Mark mo Show,
Speaker 1: where each and every week I come and I bring
Speaker 1: you the latest information on bitcoin, cryptocurrencies and the decentralized revolution.
Speaker 1: Literally the biggest opportunity we've ever seen in our lifetime.
Speaker 1: Make sure to put a mark on your calendar right
Speaker 1: now for this day, this time, and this radio station,
Speaker 1: so you can join me each and every week. It
Speaker 1: will be the biggest thing that you can do. Now,
Speaker 1: before the break, I was talking about two indicators that
Speaker 1: you should be watching when you're buying or you're invest
Speaker 1: steen into a brand new technology like this. I was
Speaker 1: explaining how the price, the short term price signal is
Speaker 1: a distraction, all right, and so um I started to
Speaker 1: tell you the first the one of two. The first
Speaker 1: one is something called network effects. Right now, there's something
Speaker 1: known as Metcalf's law, and the way Metcalf's law works
Speaker 1: is that the bigger the network gets, the more valuable
Speaker 1: it becomes. All Right, So, if I was the only
Speaker 1: one in the world with the phone, it wouldn't be
Speaker 1: worth anything because what am I gonna do with it?
Speaker 1: I can't call anybody. But if two people have a phone, well,
Speaker 1: all of a sudden, the phone becomes more valuable, If
Speaker 1: ten people have it more viable. When the whole world
Speaker 1: has a phone, they're very, very valuable. So that the
Speaker 1: faster the network grows, the more valuable it becomes. The
Speaker 1: other thing is that once network effects are established, they're very,
Speaker 1: very difficult to overcome. So, for example, let's look at Facebook.
Speaker 1: So Facebook has network effects, right, Billions of people all
Speaker 1: around the world have Facebook, and so Facebook has become
Speaker 1: very powerful because of the network effects. Now, anybody could
Speaker 1: go start a competitor to Facebook, right, I mean, new
Speaker 1: social network pop up all the time, but the problem
Speaker 1: is they can't overcome the network effects that that are
Speaker 1: on Facebook. Right now, anybody could just go jump and
Speaker 1: just go use using new social media platform, but they don't.
Speaker 1: That's the That's the thing with network effects. They're very powerful.
Speaker 1: So when you're getting into a new technology like bitcoin
Speaker 1: or cryptocurrencies, you want to watch the network effects. Is
Speaker 1: it continue to grow? So when the price went from
Speaker 1: about like I said, about sixty dollars in April and
Speaker 1: it dropped all the way down to thirty dollars um
Speaker 1: using the real estate analogy that I was using before
Speaker 1: the break um, I would ask myself, well, are two
Speaker 1: things happening? One are the network effects still growing? And
Speaker 1: the answer is yes they were. So people maybe you
Speaker 1: were selling it was affecting the short term price, but
Speaker 1: the amount of users was still growing. Now it's interesting
Speaker 1: about bitcoin versus any other asset in the world, and
Speaker 1: this is a big, big deal, is that bitcoin is
Speaker 1: an open network, and so what that means is that
Speaker 1: everybody can see all the activity on the network itself,
Speaker 1: so we can see all the data. So bitcoin is
Speaker 1: what's known as anonymous, but it's not private. It's not
Speaker 1: private because everyone can see it. But it's anonymous. We
Speaker 1: don't know who belongs to those wallets, to those addresses, okay,
Speaker 1: and so because of that on chain data that's not
Speaker 1: evident in any other market, So we can't see that
Speaker 1: with stocks or oil or gold or natural gas or
Speaker 1: any of that. UM, we can get a better idea
Speaker 1: of these network effects. So what we could see is
Speaker 1: when the price dropped, the network effects were still growing.
Speaker 1: We were still seeing more and more wallets being created.
Speaker 1: We're seeing more users come on. So that box, I'll go, well, shoot,
Speaker 1: the network effects are still there, so I'm staying in
Speaker 1: the project. The second thing that we want to pay
Speaker 1: attention to when we're looking at new technology, UM like
Speaker 1: bitcoin or cryptocurrencies, would be what's the development Like remember
Speaker 1: back to my real estate example. UM, if the price
Speaker 1: of the land went down, I would go look and
Speaker 1: see is the project still on track? Are the plans
Speaker 1: being developed? Um? You know, is the financing coming through
Speaker 1: et cetera? And if it was, I'd stay in the
Speaker 1: real estate deal. Well back to bitcoin, I'd asked the
Speaker 1: same thing. So when the price dropped from sixty and
Speaker 1: thirty thousand, um, the network effects are good? Check what
Speaker 1: about the development? Well, there's still tons of development happening.
Speaker 1: As a matter of fact. Um. In July, I was
Speaker 1: in Dallas, Texas for bit block Boom. Shout out to
Speaker 1: Gary Leland and a bit block Boom. Put it on
Speaker 1: your calendar for next year. If you're into this, then
Speaker 1: you should definitely attend that event. Um. And I was
Speaker 1: there in July and the price was hovering around thirty
Speaker 1: four thirty five dollars. Well, um, they how did a
Speaker 1: hackathon going on and at the hackathon they had developers
Speaker 1: air um to come up with new development of new
Speaker 1: projects that could be built on the bitcoin blockchain. And
Speaker 1: it was amazing to see what was going on. The
Speaker 1: winner of the hackathon designed a phone that could literally
Speaker 1: make a call over the bitcoin network. Right, so there's
Speaker 1: massive developments still going on. In addition, we also see
Speaker 1: the brightest minds in the world. I mean, we're all
Speaker 1: smart and different ways, but some of the brightest minds
Speaker 1: in the technology and the financial world are literally leading
Speaker 1: the biggest jobs in the world to come over to
Speaker 1: the bitcoin network. So, for example, we saw the CFO
Speaker 1: of Bridgewater Capital. Now that means that name may not
Speaker 1: mean anything to you, but maybe you've heard of Ray Dalio,
Speaker 1: probably one of the most successful investors in the world today.
Speaker 1: Uh he runs the largest hedge fund in the world,
Speaker 1: Bridgewater Capital. So you're talking about the biggest head fund
Speaker 1: in the world, Bridgewater Capital, and the CFO, like one
Speaker 1: of the top three chiefs in the company left to
Speaker 1: go work for a bitcoin company. So we're seeing it
Speaker 1: sucking the biggest, the brightest minds um and we're seeing
Speaker 1: so we're seeing the development continue, new applications being built.
Speaker 1: We're also seeing the development in sense of the mind
Speaker 1: share that's coming to it is continuing, and the network
Speaker 1: effects are growing at the same time. So then using
Speaker 1: this real estate analogy as our guide, then we would
Speaker 1: ask ourselves, well, the price went from from sixty to
Speaker 1: thirty thousand, but are those two factors still in play
Speaker 1: as the network effects growing yes, check, is the development
Speaker 1: still growing yes? Check? Okay. Well, then knowing that, what
Speaker 1: do we do remember in the real estate example, we
Speaker 1: if the project was still on track and land got cheaper,
Speaker 1: I would probably buy more land. And so the same
Speaker 1: could be true with with a bitcoin and crypto project.
Speaker 1: Is if the project is still on track, if those
Speaker 1: two things are checked off, then at thirty thod it
Speaker 1: was probably only a pretty good idea to add more
Speaker 1: bitcoin to your portfolio. And of course if you would
Speaker 1: have done that, you would have been handsomely rewarded because
Speaker 1: it stayed in that thirty thirty five thousand dollar range
Speaker 1: from about you know, May until July to the end
Speaker 1: of July almost July, so you had a couple of
Speaker 1: months to buy in that thirty thousand dollar range. And
Speaker 1: today it's so you would have almost doubled your money
Speaker 1: if you would have done that. So, um, that's how
Speaker 1: I look at this. I'm looking at it in the
Speaker 1: long term and I'm not letting the short term price
Speaker 1: distract me because I understand where it's going down the
Speaker 1: long way because I watched those two factors. Now, some
Speaker 1: people would ask, well, Mark, wouldn't it have been better
Speaker 1: if I could have sold at sixty five thousand and
Speaker 1: bought back in at thirty That's what I'm gonna do. Mark.
Speaker 1: By the way, you're listening to the Mark mo Show,
Speaker 1: and I'm bringing to you the latest information on bitcoin,
Speaker 1: cryptocurrencies and the decentralized revolution each and every week. And
Speaker 1: so many people would say, well, Mark, why don't I
Speaker 1: just sell it sixty thousand and buy back in at
Speaker 1: thirty thousand. I mean, wouldn't that be better than I
Speaker 1: could write it back up the sixty again and sell it.
Speaker 1: And of course when you look at a chart, it's volatile,
Speaker 1: which means it goes up and down a lot, and
Speaker 1: it looks like, of course, why wouldn't I do that,
Speaker 1: that's the easiest thing in the world. Well, the problem
Speaker 1: with that that we don't have a crystal ball, and
Speaker 1: there's no way to know what the top or the
Speaker 1: bottom is until we're looking backwards at it. Now, there
Speaker 1: is something that's known as technical analysis. And as a
Speaker 1: matter of fact, if you stick with me, I have
Speaker 1: a guest coming on the show here in a little while,
Speaker 1: and we are going to talk about some of that
Speaker 1: price action in the technical analysis. Um. She is an
Speaker 1: expert in that and she can kind of give us
Speaker 1: a little bit of guidance. But for now, we're going
Speaker 1: to just focus on the long term play and really
Speaker 1: the news that's driving the source. And I'm gonna bring
Speaker 1: you some of the biggest news in just a minute.
Speaker 1: Listening to the Mark Moss Show and I'll be right back.
Speaker 1: All right, you are back with the markma Show where
Speaker 1: I talk about bitcoin. I talked about cryptocurrencies and the
Speaker 1: decentralized revolution each and every week. You're joining us right
Speaker 1: as we're talking about where a bitcoin price could go
Speaker 1: in the long run, and more importantly, how we stay
Speaker 1: in it so we can realize those big life changing games.
Speaker 1: All right now, we were talking about how the price
Speaker 1: is a distraction. In my opinion, the short term price
Speaker 1: is a distraction. Um. Right before the break, I gave
Speaker 1: you two indicators that you should watch on a regular
Speaker 1: basis to know if the project is staying on track
Speaker 1: or if it's time to get out while you still can. Um.
Speaker 1: Those were the network effects and the development. Those are
Speaker 1: the two ones. Now. I was talking also about how
Speaker 1: the price was about sixty five thousand about five months
Speaker 1: ago and dropped all the way down to about thirty thousand,
Speaker 1: and you had a couple of months to get it
Speaker 1: in that thirty five thousand range before pop back up.
Speaker 1: And as I was saying, most people would say, we'll shoot, um,
Speaker 1: why don't I just sell at the top and buy
Speaker 1: back at the bottom. And uh, as I said, you
Speaker 1: don't know that until you're looking backwards on it. But
Speaker 1: I am going to have someone on the channel a
Speaker 1: little bit later. We'll talk about some ways that you
Speaker 1: could try to play that a little bit if you want.
Speaker 1: But for now, let's look at some of the bigger things. Remember, um,
Speaker 1: is the development still going on. And that's what I
Speaker 1: want to look at for me personally, because I work,
Speaker 1: and I run a business and I have a family.
Speaker 1: I can't spend all my time looking at charts on
Speaker 1: a daily basis trading, and so I look at these
Speaker 1: big things, remember watching the development, And so let's talk
Speaker 1: about some of these really big things that happened this week, um,
Speaker 1: that are really going to drive the price on a
Speaker 1: long term basis. Now, the first thing is, like I said,
Speaker 1: I mean, you know, we back up the new highs.
Speaker 1: You know, dollars we got to, which is the highest
Speaker 1: it's been in about five months, which is good. We've
Speaker 1: also seen the entire market cap for bitcoin get back
Speaker 1: up to about a trillion dollars and the big number
Speaker 1: a trillion dollars UM. And there's something in the markets
Speaker 1: about these round numbers, right, So there's psychological levels when
Speaker 1: you get to ten thousand or fifty UM, and the
Speaker 1: same is kind of true with that trillion dollar market cap.
Speaker 1: So so we're up there, But um, what is going
Speaker 1: on that's causing this, right, we're looking for the fundamental drivers.
Speaker 1: We want to understand what's going on in the world
Speaker 1: that's causing the price to go up. I talked about obviously, um,
Speaker 1: the development and bringing on mind share, but what is
Speaker 1: driving people to buy it? Like why? That's why now
Speaker 1: many people are probably well, I'm buying it because I
Speaker 1: think it's gonna go up in dollar value, But but
Speaker 1: really what's behind that? Why would it go up in
Speaker 1: dollar value? And if you can understand that piece the why,
Speaker 1: you're gonna have a massive edge what I call the
Speaker 1: asymmetric edge over the rest of the market. Now, by
Speaker 1: the way, you're listening to the markma Show where I'm
Speaker 1: talking about bitcoin, cryptocurrencies and the decentralized revolution. You should. Uh,
Speaker 1: if you're on Twitter, give me a follow one Mark
Speaker 1: Moss on Twitter one Mark Moss on Twitter. Um, and
Speaker 1: I want to just tell you why why bitcoin goes up.
Speaker 1: So there's several big factors going on this week that
Speaker 1: I think are the reason why we're seeing bitcoin shoot
Speaker 1: back up right now. One of the biggest things and
Speaker 1: this is, uh, this is bigger than bitcoin, bigger than cryptocurrencies.
Speaker 1: I mean, this is this is bigger than the United States.
Speaker 1: This is the whole world right now, and it's the
Speaker 1: central banks. You know, the central banks. I like to
Speaker 1: call them the banksters, the banksters kind of like gangsters.
Speaker 1: They are literally controlling the world like a monopoly um
Speaker 1: with the money supply. And really they have two tools,
Speaker 1: the central banks. One they can control interest rates, and
Speaker 1: two they can control the monetary supply. And the way
Speaker 1: that they use that money is what's basically been driving
Speaker 1: all of the markets. And then the other big thing,
Speaker 1: especially in the in the world, but especially in the
Speaker 1: United States right now, is the United States government and
Speaker 1: the amount of debt that they have. And so it's
Speaker 1: probably not anybody's surprised at this point that the United
Speaker 1: States federal government has more debt than they have ever
Speaker 1: had any period of time. The national debt is about
Speaker 1: twenty eight trillion dollars at this point. I am. What
Speaker 1: happens every other year about right on, right on schedule
Speaker 1: is talks about a debt ceiling. A debt ceiling. Now,
Speaker 1: what does that mean? What the heck is a debt ceiling? Well,
Speaker 1: it's kind of like a cap. Like if you have
Speaker 1: a credit card, which I'm sure you probably do, you
Speaker 1: probably have a limit on how much credit you can
Speaker 1: pull off your credit card. Right now, if you've ever
Speaker 1: maxed out your credit card, then you probably know that
Speaker 1: it can actually be negative on your credit score. Um,
Speaker 1: if all your credit cards are maxed out, that's actually
Speaker 1: a bad thing. What you typically want to do is
Speaker 1: kind of charge it up and pay it down, and
Speaker 1: you want to keep balances on those cards, but you
Speaker 1: don't want to maxim out. UM. I know, I have
Speaker 1: an a MAX card that I use for my business,
Speaker 1: and I put a lot of money on that card
Speaker 1: on a monthly basis, and you know, trying to rack
Speaker 1: up points and stuff like that, and so it gets
Speaker 1: you know, it gets a huge balance every month and
Speaker 1: then I pay it down. Um, and I can see
Speaker 1: literally my credit score can move in double digits just
Speaker 1: from the time that that that amount goes up and
Speaker 1: until the time I pay it back off. I mean
Speaker 1: it literally swings that much. Well, the United States government
Speaker 1: is sort of similar. They also have a debt limit
Speaker 1: a credit limit as well. And so what's interesting is that,
Speaker 1: like I said, about every other year, you know, the
Speaker 1: United States government gets together and they do this kind
Speaker 1: of song and dance and they talk about up, well,
Speaker 1: our credit limits up. There's a debt ceiling, there's a
Speaker 1: cap on how much money we can borrow. And then
Speaker 1: they start to say, you know, the fearmongering comes in
Speaker 1: and they say, well, if we don't raise it, then
Speaker 1: the government could default on the debt, and if we
Speaker 1: default on the debt, it could be the most catastrophic
Speaker 1: event for the United States economy. But the thing is
Speaker 1: that the United Days economy is the driver of the
Speaker 1: world economy, so that the US dollar is the reserve
Speaker 1: currency of the entire world, and so whatever happens with
Speaker 1: the US so goes the rest of the world. And
Speaker 1: so they start this fearmongering and they say, you know, shoot,
Speaker 1: if we don't raise the debt, ceiling. Then we won't
Speaker 1: be able to pay um for all these very very
Speaker 1: necessary things. Now, uh, they'll of course come out and
Speaker 1: tell you they can't afford to pay the most important thing.
Speaker 1: So we won't be able to pay social security. It's
Speaker 1: gonna be horrible. We won't be able to pay medical
Speaker 1: bills for our veterans. Oh my gosh, that's horrible. And
Speaker 1: so they start with those things which are going to
Speaker 1: pull on the heartstrings the most. Now, what about the
Speaker 1: you know, hundreds of millions of dollars that we send
Speaker 1: to countries in the Middle East so they can do
Speaker 1: gender studies, Like, shouldn't we start cutting those first? Like, uh,
Speaker 1: there's plenty of waste, plenty of money that we send
Speaker 1: to other countries. Like, let's start cutting those things before
Speaker 1: we start cutting the veterans pay. But anyway, U this
Speaker 1: song and dance and and every year it's the same thing.
Speaker 1: The government's gonna shut down. Sometimes they do temporarily shut
Speaker 1: down for a couple of days or a week, but
Speaker 1: of course they're always going to vote to raise that
Speaker 1: debt ceiling because they want their salaries paid, right, and
Speaker 1: so um, here we are having talks of the debt
Speaker 1: ceiling not getting paid again, but this time you know,
Speaker 1: I mean the debt keeps getting higher and higher and higher.
Speaker 1: And just like any credit line you may get on
Speaker 1: your credit cards. Um, you know, the higher debt gets,
Speaker 1: the harder it is to get more debt. And so, um,
Speaker 1: you know, we're in this dangerous time. The economy is
Speaker 1: on shaky ground and and many people think that there's
Speaker 1: this possibility that the debt ceiling doesn't get raised. And
Speaker 1: so if that were to happen, it, like I said,
Speaker 1: to be catastrophic for the US, to be catastrophic for
Speaker 1: the US dollar. And bitcoin is the alternative to the dollar, right.
Speaker 1: Bitcoin is a way that we can get our money
Speaker 1: out of the banking system, out of the US dollar.
Speaker 1: It's like a it's like a lifeboat. Right. If the
Speaker 1: US dollar was like the Titanic, Bitcoin to like the
Speaker 1: life raft that we can jump into and we can
Speaker 1: sail off the safety. And so I think that is
Speaker 1: a massive driver, um this week of what is going
Speaker 1: to happen. Now. In addition to that, we see them
Speaker 1: talking about raising the dead ceiling limit. We talk about
Speaker 1: they're talking about ways that the government can just print
Speaker 1: a trillion dollar coin. Maybe you guys have been hearing
Speaker 1: about that this trillion dollar coin, it's the way that
Speaker 1: they could get around the limitations of of the of
Speaker 1: the dead ceiling limit um. And I think I think,
Speaker 1: like I said, it's all a bunch of hoop law.
Speaker 1: I think at the end of the day, they're going
Speaker 1: to go ahead and raise it. They do every single time.
Speaker 1: I'd like to see if what happened if they didn't, though,
Speaker 1: I mean sometimes I think, uh, maybe it wouldn't be
Speaker 1: such a bad idea to see the government shut down
Speaker 1: for a couple of days. Now. I know if you're
Speaker 1: a government employee, that may not be so good. But
Speaker 1: like for the average person that's listening to this right now,
Speaker 1: like I just look at the government as making laws,
Speaker 1: Like every day they're passing new laws that restrict things
Speaker 1: that I want to do. Like what else are they doing? Yeah, right,
Speaker 1: you think about it like that. So anyway, but it's
Speaker 1: never gonna happen. They're gonna continue to print money. But
Speaker 1: that's a big driver of what's happening with bitcoin. I
Speaker 1: want to talk more about that. But there's also some
Speaker 1: way bigger catalysts that happened this week that I want
Speaker 1: to talk about some big, big changes in the banking
Speaker 1: system that most people haven't been aware of. UM. And
Speaker 1: also massive catalysts happening on Wall Street that's actually pushing huge,
Speaker 1: huge amounts of money to bitcoins. We're gonna talk about that.
Speaker 1: You are listening to the Mark mass Show where I
Speaker 1: talk about bitcoin, cryptocurrencies, the decentralized Revolution, and I will
Speaker 1: be right back. All right, welcome back. You are listening
Speaker 1: to the Mark ma Show where I talk about bitcoin, cryptocurrencies,
Speaker 1: the decentralized revolution, and I am bringing you each and
Speaker 1: every week the asymmetric information that you need for the
Speaker 1: asymmetric opportunity. So that means I'm bringing you information that
Speaker 1: most people don't have so you can have an edge. Um.
Speaker 1: You know, if you're playing poker, uh, a poker game
Speaker 1: you're in by guess whatever, like you're always you always
Speaker 1: need to have an edge. If you're investing in the markets,
Speaker 1: you need to have an edge. Without an edge, you're
Speaker 1: not gonna be very effective. And this information is the edge,
Speaker 1: the asymmetric edge for the asymmetric upside. So we're talking
Speaker 1: about Before the break, I was talking about the debt
Speaker 1: ceiling UM and how there's a song and dance that
Speaker 1: happens every couple of years. Um. And this disruption in
Speaker 1: the market, the potential of the government's defaulting has I believe,
Speaker 1: had a big effect on bitcoin because, like I said,
Speaker 1: bitcoin is that life raft. So um, when the dollar
Speaker 1: is starting to lose its value, um, people want to
Speaker 1: go into something else and so um. The way that
Speaker 1: works is that for every new dollar that's created, each
Speaker 1: existing dollar is worth less, like worthless, but worth less.
Speaker 1: And so what what happens is the more money the
Speaker 1: federals are the central banks the federal government comes up
Speaker 1: with prints creates, the more money they create, the less
Speaker 1: each existing dollar is worth less and less. And so
Speaker 1: most people think like, oh my gosh, like my house
Speaker 1: has been such a good investment. My house used to
Speaker 1: be two dred thousand and now it's three hundred thousand dollars.
Speaker 1: It went up in value. Unfortunately, I hate to break
Speaker 1: it to you, but that's not the case. Your house
Speaker 1: didn't go up in value. Your house is still worth
Speaker 1: the same house. What happened is the dollars became worth less.
Speaker 1: So now it just takes more dollars to buy that house.
Speaker 1: That's the way it works, and so we're all most
Speaker 1: people are looking at this the wrong way. Your stocks
Speaker 1: aren't worth more. They didn't go up in value. The
Speaker 1: house didn't go up more in value. Is that the
Speaker 1: dollars have been worth are becoming worth less and less
Speaker 1: and less. So, for example, over the last about eighteen months,
Speaker 1: we've seen the Central Bank, the federal governments, etcetera. Uh
Speaker 1: create about eight trillion dollars. About thirty five per cent
Speaker 1: of all dollars in existence today were created in just
Speaker 1: the last year and a half. So when we increase
Speaker 1: the money supply, what happens while we have more money
Speaker 1: chasing the same amount of goods and services. So what
Speaker 1: people think is that if I just print money and
Speaker 1: send it out there, everybody, they're gonna be rich. Right Like,
Speaker 1: let's just print a bunch of stemmy, send everybody a
Speaker 1: twelve bucks, and everyone's gonna be rich. The problem is
Speaker 1: that money is not wealth. Money measures wealth. Money helps
Speaker 1: me acquire wealth. So what's wealth? Then? Well, wealth is
Speaker 1: goods and services. Right. Let me give you an example.
Speaker 1: So if I, you, and I were on a deserted island.
Speaker 1: We got stranded on a deserted island, and I had
Speaker 1: had a briefcase with a billion dollars in it. A
Speaker 1: billion dollars in that briefcase, I'm rich, right, Well, not really,
Speaker 1: because on that island, I don't have a phone to
Speaker 1: call for help. I don't have a boat to get
Speaker 1: off the island, and I don't even have any food
Speaker 1: or water. So I'm on an island with no resources.
Speaker 1: But I have a billion dollars. Am I rich? The
Speaker 1: answer is no, right. Imagine if there was a guy
Speaker 1: on the island who had like a little hut, a
Speaker 1: little grass hut, and he has stockpile of like coconut
Speaker 1: and bananas or something in some fish. Well, um, he
Speaker 1: would be rich because he had food and water, he
Speaker 1: had resources. All I had was a billion dollars, and
Speaker 1: he probably wouldn't take my billion dollars because what good
Speaker 1: would they do him, right, They wouldn't do him any good.
Speaker 1: And so wealth is goods and services. And so what
Speaker 1: happens is when they created thirty of the money supying
Speaker 1: the last year, we have more money chasing the same
Speaker 1: amount of goods and services. And in this case, because
Speaker 1: the supply chain constraints that we have, we actually have
Speaker 1: less goods and services. Right, there's less goods and services today. Um,
Speaker 1: you know, people aren't working, they're getting their stimmy, they're
Speaker 1: staying home. So you know, I've been traveling all year
Speaker 1: and I've seen most of the hotels have been at.
Speaker 1: They don't have room service, they can't do housekeeping daily. Um.
Speaker 1: One hotel I was at they couldn't even open up
Speaker 1: their restaurant the whole time I was there. So there's
Speaker 1: actually less goods and services available. So there's more money
Speaker 1: chasing less goods and services. So what's going to happen?
Speaker 1: The price goes up? Right, the price goes up. By
Speaker 1: the way you're listening to the Markmas show, I talked
Speaker 1: about bitcoin, cryptocurrencies and the decentralized revolution, bringing you the
Speaker 1: asymmetric information you need to participate in this boom. So Um,
Speaker 1: when you have more money chasing the same amount of
Speaker 1: goods services, the price to go up. Which is why
Speaker 1: if the dollars in existence were created in the last
Speaker 1: year and a half, why do you think the median
Speaker 1: home price in the United States went up by Why
Speaker 1: do you think use cars went up by? Why do
Speaker 1: you think gasoline went up by about You're starting to
Speaker 1: see the pattern here. So your home, your stocks. Uh,
Speaker 1: your used car didn't go up in value. The dollars
Speaker 1: went down, and it takes more. So back to the
Speaker 1: debt ceiling. If we pull this back together, they want
Speaker 1: to increase the debt ceiling. They want to take on
Speaker 1: more debt, They want to put more dollars into existence.
Speaker 1: And again what happens, Well, we have more dollars again
Speaker 1: chasing a limited amount of goods services, which sends the
Speaker 1: prices of those goods and services up because the dollar
Speaker 1: of those value, the value of those dollars is going down. Now,
Speaker 1: this is exactly why the rich get richer and the
Speaker 1: poor get poor. This is the reason are you catching on?
Speaker 1: Because the rich own assets. I own real estate, I
Speaker 1: own stocks, I own a business, et cetera. So every
Speaker 1: time the Fed pumps out another trily, the value of
Speaker 1: all my assets goes up. But the poor, they don't
Speaker 1: own any assets. They work for wages, but the value
Speaker 1: of those wages keeps going down, and they don't own
Speaker 1: the assets that are going up. That is what's driving
Speaker 1: the divide of the rich and poor. Now the Federal
Speaker 1: Reserve doesn't understand that, or they're lying and saying they
Speaker 1: don't understand it. I can't understand. I mean, they've gotta
Speaker 1: be smarter than me. But now their goal is to
Speaker 1: tack it, tackle income in equality as a matter of factor.
Speaker 1: It looks like FED chair Jerome Powell is probably on
Speaker 1: his way out. There's a lot of scandal going on
Speaker 1: at the Federal Reserve right now where they've been doing
Speaker 1: insider trading. We've seen a number of Federal Reserve insiders
Speaker 1: get charged with this, and they're really bringing an attack
Speaker 1: against Jerome Pale, who's the head of the Photo Reserve.
Speaker 1: And it looks like they probably want to bring in
Speaker 1: a replacement brainerd Um. Looks like they may be coming in.
Speaker 1: And one of the reasons why I think they want
Speaker 1: Brainer to come in is because they want someone that
Speaker 1: can do They can use more regulations to try to
Speaker 1: control things. And the goal is to try to tackle
Speaker 1: this income in equality. That's their goal. But how can
Speaker 1: they tackle income inequality when it's their policies that are
Speaker 1: literally causing this. Now, to give you an example of this,
Speaker 1: let's let let's go back to bitcoin, and let's give
Speaker 1: you a couple of examples. So they've created, of course,
Speaker 1: trillions of dollars, tens of tillions of dollars in the
Speaker 1: last thirty years in one uh so uh. If you
Speaker 1: don't know, go back a little bit further in history.
Speaker 1: In nineteen forty four was something called the Breton Woods Agreement.
Speaker 1: Under the Breton Woods Agreement, the dollar would be back
Speaker 1: to gold, so thirty five dollars would equal one ounce
Speaker 1: of gold, and then all the currencies of the world
Speaker 1: would be pegged one to one to the dollar. So
Speaker 1: that means that the entire world was on a gold system,
Speaker 1: and that means they couldn't just print more dollars because
Speaker 1: they can't just print more gold. So everybody was forced
Speaker 1: to live on a budget. Well, if you know anything
Speaker 1: about the government, they don't want to live on a budget, right.
Speaker 1: They can't even stand at the dead ceiling. They want
Speaker 1: to raise the dead ceiling. And so they started printing
Speaker 1: more and more dollars. Seventy one, President Richard Nixon took
Speaker 1: the took the US off the dollar standard, which then
Speaker 1: took the whole world off the dollar standard. And since
Speaker 1: then we've created trillions and trillions, actually over three hundred
Speaker 1: trillion dollars since that time. So let me give you
Speaker 1: an example of this that you can actually put into
Speaker 1: some concrete numbers. So if we go back to nineteen seventy,
Speaker 1: which was the year before we started creating all these
Speaker 1: these dollars, um, if we look at the median home
Speaker 1: price in the United States, um before and actually I
Speaker 1: have these numbers here, so rather than try to pull
Speaker 1: them off the top of my head, and let me
Speaker 1: give them to you in a concrete way here, all right,
Speaker 1: So I have these numbers in a concrete way I
Speaker 1: want to give you so I want to show you
Speaker 1: what I want to I want to answer the question
Speaker 1: our home prices right now? Are they cheap or are
Speaker 1: they expensive? Because I know a lot of people want
Speaker 1: to know the answer that question. Of course, we're talking
Speaker 1: about bitcoin, and we're gonna talk I'm gonna tell you
Speaker 1: how this ties back into bitcoin. But I want to
Speaker 1: answer the question, our u s home prices cheap right now?
Speaker 1: Or are they expensive? Of course, the answer is compared
Speaker 1: to what All right now, you're listening to the Mark
Speaker 1: Mos Show where I talk about bitcoin. I talked about cryptocurrencies.
Speaker 1: I talked about the decentralized revolution. But why am I
Speaker 1: talking about the dead ceiling and the dollar and gold
Speaker 1: and real estate? Because you have to understand what's driving
Speaker 1: the need to go into bitcoin and why the price
Speaker 1: will go back up. So when we come back, I'm
Speaker 1: gonna tell you whether home prices are cheaper expensive. I'll
Speaker 1: be right back