The Mark Moss Show 2-21-24

a lens of politics, finance, and technology. I believe that we can get a different perspective on the world when we look at it from those three lenses, and specifically the convergence of those three, and bitcoin really sits at the convergence of those three. It's groundbreaking revolutionary technology. Most people don't understand exactly what it is. They don't understand that it's actually a technological invention, a technological revolution that's

happening here. It's not just some new computer code or some new database. So we have a technological revolution happening at the same time. It's disrupting money or finance says, we know it, and unfortunately, because finance is so political, it's disrupting the politics and the governments as we know it as well. But for now, the price of bitcoin is surging. We have breached fifty thousand dollars. I think

we've breached fifty two thousand dollars. We're shy of the all time high that was set back in November of twenty twenty one, that was at was at sixty nine thousand, but we're not that far away. As a matter of fact, we are about thirty percent away, which if you're talking about you know, traditional stocks, that's pretty far. But just

from let's see, from January of this year. I didn't pull this up, but from January of this year, I mean, we're already up thirty percent, So we've already made that much ground up in just a little over a month. So we could potentially make that ground up in another month from now. That's how the price of bitcoin moves, and partly it's been driven by the ETFs. I've talked

about this quite a bit. We launched all these new bitcoin ETFs, and the amount of bitcoin they are taking off the market is just unbelievable, and of course supplying demand is driving the market. Now, what I'm talking about at the intro was that one of the oldest assets are not one of probably the oldest financial asset in the world has been money for five thousand years.

been going down. So what we're seeing in real time is the price of bitcoin is going through the roof, partly because of the amount of money that's flowing into it, and at the exact same time, money is coming out of gold. Now, gold has been the store of value. It's a place that you park your wealth to store it for future generations. And a lot of people say that bitcoin is the new store of value. People say, well, it'll never be a medium of exchange. It is a

good store of value. It'll never be a medium exchange, and we can talk about that.

for trading and more speculative purposes. And what we can see though, is that gold is attacking the I'm sorry, Bitcoin is attacking the gold store of value, and it is quickly catching up. As a matter of fact, bitcoin just surpassed a one trillion dollars in a total asset size and it's it's currently picking up.

and that is supply and demand. When there's more demand, then there is supply, prices go up. Now, there's lots of things that would affect both the supply and the demand. But it does get down that simple. And what we know is that there is new bitcoin being created every day. Every block, every ten minutes, there's a block, and in every block there's bitcoin that get released, and that equates to nine hundred per day. But that's the new bitcoin

being created. Now, there's obviously existing bitcoin. There's nineteen million bitcoin or twenty million bitcoin roughly that there will never be more than twenty one million, but right now there's about nineteen ish twenty million ish floating around, but most of that is locked up in long term storage. Now it could come off the market and be so hold at a certain price. Sure, so that could be recirculated.

But like any new asset, like oil, like a commodity, a commodity aset like oil or like gold, there's new supply what we call flow, being added to the existing stock. It's a stock to flow ratio, all right. So we can see the amount of new stock or sorry, the new flow of oil, the new flow of gold. We can see the new flow of bitcoin. And what we can see is that it is about nine hundred bitcoin per day being added. But the ETFs are buying about nine to ten thousand per day, so ten to twelve

times the demand of the newly created supply. All right, and so this starts to lead to fomo. Now what do I mean by that? This is it's like a self fulfilling prophecy, if you will. As bitcoin goes up faster, more people hear about it and want to get in.

need to keep up, so I'll put it in. And then as they put it in, the price goes up, and then more people jump in and the price goes up, and it starts to be this self perpetuating, self fulfillient cycle, if you will. Then we add in some events such as in the next couple of months, we have the supply will be cut in half from nine hundred bitcoin per day to four hundred and fifty new coins per day, which, all things being the same, if the demand stays the same,

what happens and you cut the supply in half? What happens to the price? You don't have to guess.

it's going up now. Part of the reason why it's going up is because of the supply demand in balance that I'm talking about. The other metric, the other thing that we're watching is also the demand coming from the use case of it. And so what do I mean by that? There's a lot of problems and solutions are supposed to come to problems. A lot of people may argue, not intelligently, but that bitcoin doesn't have any use cases.

up technology. We say that in a joking way, at the end of the day, there's real utility that will start catching up, that is catching up as governments continue to print more money, as governments continue to get more authoritarian. And it's all happening right at the time. The government's about to print money, and we're going into a having cycle.

to understand the world from this frame of lens. And for me specifically, it's so that I can improve my life. I can further myself towards my goals that I have

for myself and for my family and so forth. And so I want to understand what's going on with the politicians, and what's going on with the financial system, and what's going on with new technology breakthroughs, so I can use those things to front run the moves ultimately again, so I can further the quality of my life, so I can further my life, so I can have success in

my life. And I've been talking about these subjects specifically a lot more recently, smaller short form content on my social media, which if you're not following me, hit me up at one Mark Moss. Just go to my website one Markmoss dot com. One Markmoss dot com. It's that's the number one. I have everything linked there. But I've been putting a lot of content on Instagram lately, doing daily lives over there every day in the morning. Hit me up on those. It's just at Mark Moss there.

And I've been getting lot of questions as we talk about navigating what's going on with the FED sort of the daily play by play off, what are they doing with the with the interest rates, and what's going on with the with the credit card cycles and the money bank and all these different things. How can we navigate all this? And the one thing that kind of keeps coming up over and over and over is how can

we have more success by using these tools? And I started thinking about this as I've been answering these people and a couple things came up, and there's five things that I want to run you through, and it's how we can have more success, how we can improve their quality of lives. But we have to understand first of all,

that success isn't guaranteed. There's no guarantee of success. Some people have success, some people don't, and oftentimes the difference of those who have success in those who don't it's very small, it's very minimal, but we know it's not guaranteed. Now, I like to say that success doesn't care. Success doesn't care about anything except for one thing. There's one thing success cares about. Success doesn't care how old you are. Doesn't care if you're at the end of your career,

sixty or seventy. It doesn't care if you're too young or eighteen or nineteen. Success does it doesn't care if you're fifteen or sixty.

the results, and that's its Success is a meritocracy. If I did the work, I get the results and that's it. So regardless of if you're depressed, if you're hungry, if you're tired, or if your dog died or your girlfriend broke up with you, regardless of any of that, or how old you are, if you do the work.

lies in the outcome of not trying. So a lot of times what we want to do is we want to do like inversion thinking, what's the opposite. Typically, when I want to set a goal, I think about what are all the things I have to do in order to achieve the goal. Another way to think about it is what are all the things I'm going to have to give up to achieve the goal. That's an inversion thinking, And so we can also think about success sort of the same way. Success is not guaranteed, So should I try?

What if I fail? But what we do know is there is a guarantee in not trying at all. So if I'm faced with either one guaranteed failure or maybe success, why not take them maybe success. So that's the first thing we always have to commit to trying. Now, a lot of people and this is a question I've been asked a couple of times this week on my Instagram live streams again at Mark Moss hit me up. There have been asked about Mark, but how do you deal

with analysis paralysis? I'm not sure what I should be doing. I'm afraid I may fail. I'm afraid that I don't take the right action. I'm afraid that, you know, this might not take me to my goal. And so this is a big piece of it. So I need to be committed to action. I have to be committed to trying to advance myself towards success. But if I'm stuckond this analysis prolysis, what do I do? And I'd say, one understanding that if I don't do anything, I'm guaranteed failure,

so why not take the chance of failure? But another part comes in where people can't decide which course of action to take.

clarity towards that. And so a lot of us are stuck with this analysis prowess as and the goal or the key is that we must be taking action if we want to get the clarity of how to move forward. The action is what will lead to that clarity. Now also part of it Alex HERMOSI, if you're not following him, you should. He's definitely worth a follow. I saw tweet out this week. He said that people don't find their passion,

they build it. And I find a lot of people that I've coached, younger people specifically, they all think they have to go find their passion. But there is no finding your passion. What it is is defining and optimizing your passion over time, because you have a passion for skills that you've been able to build up and develop. I love surfing. I have a passion for surfing. But I've only got the passion for surfing because I've been surfing.

I had to start surfing before, and then I had to get good at surfing before I developed a passion for surfing. Most people try it one time and they hate it. It's like the hardest work that you know whatever. And so it's like you have to try things, you have to do things. You have to achieve some level of success and build some skill doing those things, and then you get the passion for it. And so like I use this analogy, let's say that I got it. I see my friend has a catering business. Let me

start working with you. And I find out when I'm working at the catering business, man, I really don't like the cooking part at all, but like setting up the events and stuff was pretty fun. So I decided, you know what, let me move over, Let me change.

the customers. And then I move more to like sales and marketing on that, and over time, by learning what I do like and don't like, I do more of what I do like and less of what I don't like, and I can develop and I can start to find that passion through there.

the information on markets, technology and politics. If you're just tuning in staying to the Mark Moss Show, I'll be back with more after a very short break.

finding your way, and it's learning through mistakes. I tried these things, I found out I'd like these, but I didn't like these, or I found out this didn't work, So let me try something else different. Right now, today, AI,

artificial intelligence is all the rage. If you think about the way AI works, it's like it's like trying to solve a task and it tries over over over over over over over over fail fail fail fail fail ffalf Okay, finally passed, it goes to the next step and then it tries try to tries fiales fail sales fil sal.

It finally makes it goes the next step, and it's able to do that very very quickly, but it has to go through all the failures, just go through all the attempts and tries before it finds the one that actually works. And so we need to learn through our mistakes. You've probably seen the meme card or the quote card with the lying on it. I never lose. I either

win or I learn. And so we either get it our first try, which typically doesn't happen, or we do through a series of trial and error and continue to tweak and tweak and tweak and re optimize until we get that success that we need. So we have to be we have to understand that we learn from our mistakes. We have to understand that it's inevitable that we're going

to make mistakes when we're executing on these plans. But we also have to understand that every time we fail, it's an opportunity for gathering new skills, honing new skills, improving what we have. I like to think of problems are not there, They're not there to us, they're there for us. And so what do I mean by that? Like we can think of every time we see a problem as like, oh, my gosh, Why does this bad stuff always happen to me? I can't believe I have

to deal with this again. We look at that problem as something happening to us, as opposed to being there something for there there for us. So like, wow, now I get to learn a new skill. Now I get to try something I've never tried before. And so we could look at a different way. Most of you guys probably know I talk about quite a bit. I ride dirtbikes. I go racing dirt bikes, and I still.

But we can lie to ourselves, we can let ourselves down, and we can also selectively listen.

much savings do you have? How much are you spending? Do you have a plan for how you spend your money or you just spend whatever?

could potentially be causing it to break down. I just wanted to tune that out, listen to the music, and as long as the car kept going forward, we were okay. But a lot of us approach our lives and back to the kind of money, we approach our business and investments sort of the same way. Well, as long as money keeps coming in and paying the bills, I guess I'm okay. Without taking the honest self assessment and really

asking ourselves the tough questions. Now, the importance of doing this is massive for lots of reasons, one of which is that we need to be honest with ourselves where we're at so that we can grow. But we also want to be honest with ourselves so we can start to identify, like, what are our strengths and weaknesses? Let me do more of what I'm good at, maybe do less of what I'm bad at, And only we can

only find that through that self assessment. The only way we can personally grow is to find those areas that we need improvement. And then measure that change throughout time. Now, a lot of us in order to do that, we need we need to improve our communication skills, our leadership skills, and things like that. We'll get to that in a minute. But at some point we have to sort of be our own coach. We have to sort of guide ourselves, and so we need that. Now back to the community skills.

I think about like culture, and unfortunately, modern culture today seems to have sort of this bipolar this is our third point, sort of has this bipolar.

but I keep the same routine. You know, you're out on the weekends partying, I'm in the office working, I'm going to outwork you, right, So we see that this is the hustle culture. On the other side, we have a whole culture on the other side that don't value hard work and they just want to work for minimum wag jobs and they want to complain that they can't

afford to have the life that they want. And so we sort of have this bifurcation, if you will, and it highlights the difference in the viewpoints, and neither of those extremes are correct in my opinion. In the Instagram live stream I did the other day, I broke down why I think the hustle culture is partly right and partly wrong, because there's times to hustle and grind that hard,

and there's also times to take a break. But specifically, the point that I want to hit here is like, who you're aligning yourself with in order to help you through this? And so if I was, hypothetically I'm certainly not if I was training for a triathlon, I would want to be hanging out with people that are training for triathlons, because if I'm hanging out with them, I'm probably going to be running with them and riding back

to them and swimming with them. If I'm hanging out with people that just sit at their mom's house and watch Netflix and chill, then I'm probably gonna be a Netflix and chilling And so we need to be around other people who have similar goals and are working towards those similar goals, so we can.

you're listening to the Mark mass Show. Got to take a very quick break and I'll be back to bring all this together.

and failure if you do nothing. I'm not going to run back through all four, but we are on number five. If you've missed any of the four, no Worries I got you back, you can check it out on the podcast. Just search the Mark Mass Show on your favorite podcast player, or you could watch this and listen at the same time if you go to YouTube and search Market Disruptors and you can watch it over there. All right, now, I want to get into point number five, and this

is I hate to say it's the most important. They're all important, but this is organizational culture and leadership, and this sort of ties into what I was saying on the last point, which is we need to build a positive organizational culture, a team, or a community. Now, this means different things to different people in different stages of your life. So for example, maybe you don't own a business, like if you own a business, then of course this

means something different to you. If you're a manager, it means it's something different to you. If you're an employee, means something different to you. And so around all levels, let's just say that it's not who is not what you're doing, it's who you're doing it with. And so you want to have the right team as an investor, and like through my fund and through my venture capital deals that we invest into a lot of times we're betting on the actual person themselves and not the idea.

If you watch the Shark Tank. When my daughters were young, we used to watch it all the time and we would kind of hit pause and we'd try to guess what they're doing here. But you would notice in the Shark Tank many times I saw this where the sharks would say, you know what, I just want to invest into you. I know we'll find something to do together. And they would they would recognize that the person that was there was like a leader, and so they'd want

to invest in them. And so you want to invest into the right team, and you'd have the right team around you. Now, again, how do we apply this if we're just an employee, Well, it's more about it. It's your partner. So it's you know, your wife, your husband, and your boyfriend your girlfriend, and it's also the friends that you're around. So I talked about some of the

five people that you that you hang out with. In the previous segment, we talked about if you're training for a trathlon, you probably want to hang out with people that are trained for trathlons.

which made it even harder. The local language there are Spanish, which makes it even harder. So lots of challenges there and it took a while, but once it clicked, and once I had made some new friends towards the end before we moved away from there.

my goals should be continued to expand. I have to become somebody different to achieve something different, So I have to continue to up level my skill set, I have to continue to up level my activities and in order for me to go somewhere else. But the problem with that is that goes direct contrast to my friends who want me to be the same person they've always known, you understand, and so I didn't actually understand this until

I lived it. Part of it also is over the last several years, I've done lots and lots of speaking I'm typically on the road like once a month going to another event to speak app And that's also another way I've seen it where I really have made a big network of other speakers and other you know whatever, online educators things like that, and being around that group of people makes it very difficult for me to come back home and talk to my old friends and talk

about the barbecue on Saturday and you know what are we going to do go to the beach on Sunday or something like that. Right, It's just like it's a completely different level of conversation. And so we need to do this at all levels.

But the goal is to is to have a team of people that are committed and that are skilled and are aligned with you know, either your company's goals or your goals specifically. Now, one of the ways that we've done this once I realized how big of a problem

this was for me, I've created a community. I call it my Market Disruptors Advisors community, and I'm basically bringing together people like you and I, people that are understanding the risks and dangers that are in the world, that are actively working to make our lives better and improve them, and bringing together a group. This group together to receive training and access to my expert advisors so we can

all learn and grow together community of people. If you want to check that out, you can go to just go dot one, markmass dot com slash advisors Again, that's go dot one, Markmoss dot com slash advisors, and in there again, we're all working together towards a common goal. Every month, I break down an idea, a new idea to make seven figures. So, whether it's like starting a new business or a new side hustle, something you can do for passive income, side income, whatever, we discuss that.

Some people work on it, some people partner together to work on together. We discuss investment opportunities, We discuss the markets, we discuss how to protect our assets, how to reduce our taxes, all of those things. And so as we're learning this education, I bring in experts that you get to work with. But then you have the community around you that are all working on that. Again, that's go dot Onemarkmoss dot com, Slash advisors if you want more.

But don't underestimate the power of this. I talk about it from three levels. You see, most people think about it takes money to make money, and some people, a lot of people, unfortunately these days, are victims. There's nothing I can do that's gonna matter. Nothing I can do to get ahead. The governments are just gonna keep stealing with from us from inflation. The governments are just going to continue to take more and more of our freedom away.

Inflation is still in my purchse power. I'll never go to buy home, and on and on on fill in the blank. And a lot of times they think that because they don't have any money, they can't make any money, and only the rich get richer and I just fall farther behind.

even make the business successful. If I was presented with an opportunity to build a hotel or revamp up whatever like, do I have the mental capital the skills to do that? And then the third type of capital is relationship capital. Do I know the people that are doing these things that can bring these deals to me? When I look back through my whole career, all of my success has pretty much come from somebody I know, I met this person that gave me this idea. Oh, I joined in

this partnership opportunity. We started this company together, and it always came from a relationship that I had. When I went broke in two thousand and eight, after you know, multiple exits and tens of millions of dollars in real estate, and I had to start over, I didn't have the financial capital, but I still had the mental capital, and I still had my relationships and leveraging those two with no money, I was able to build an eight figure

portfolio back in record time. And so focus yes on the money, but focus on the relationship capital and focus on the mental capital. How can you do that? Well, you're focused on the mental capital by listening to me. You can continue to read books, continue to listen to podcasts, just like you're doing now. And for relationship capital, join some local networking groups, travel to some events, join some communities like I started my Markmoss dot com slash advisors,

go dot one Markmoss dot com slash advisors. But whatever you do pour into those, those will pay more dividends and lead to your role in success and success. Don't be afraid to start action leads to clarity, don't be afraid to fail, failure leads to success.