The Mark Moss Show Dec 22, 2021

rapidly moving in front of our eyes. Now, you know, I don't always talk about the price of bitcoin. I like to talk about the price of bitcoin being a distraction UM, And so I don't focus a lot on the price. And so if you want the price um tuning into me each and every week, you know, we'll talk about a little bit. But you know, open up your phone, open up coin market cap or trading view. You can see what the price is UM. But the price is really a short term distraction. That's what I

like to say. I like to call it a bait and switch. You come in trying to make a bunch of money, and then you realize it's actually the tool that we need to get our freedom back, to fix the world. But what I say each and every week is that instead of focusing on the price, because the price is a short term um indicator, what you really want to look at when you're looking at it at a network, when you look at new technologies, you want

to look at the growth of the network. That's the expansion of the users, and you want to look at the development that's happening on the network. And as long as those two things are going, then we know the price is going to take care of itself. And so those are the things I'd rather spend my time focusing on. You should as well, And those are things that I like to focus on talking about because they're they're rapidly advancing. They're changing pretty fast. Now. About the price, I mean,

you know, the price of bitcoin is down. We we were kind of at a high about well about a month ago. For the last thirty days or so, we've kind of been in this decline. Um, the price is down. But to kind of put into perspective, if you zoom out, if you're new to bitcoin, I get it, maybe you don't understand, but if you zoom out, you'll see that a year ago. So if I look real quick, here a year ago the price of bitcoin was seventeen thousand dollars.

Today it's forty eight thousand dollars. So one year ago it was seventeen thousand dollars and the year before that it was six thousand dollars. So I went from six thousand to seventeen thousand to forty eight thousand. Does that sound too volatile to you, Well, now, hang on, hang on. Volatility works both ways. Volatility means it goes up and down. If it wasn't volatile, would be stuck at zero forever.

I wanted to be volatile. I want to be highly volatile because I want to go up really, really high. And so two years ago to the day, we were in about six thousand. A year ago, seventeen thousand, this year forty eight thousand, So that's pretty good. It's a

pretty good run up. Now. It went from that seventeen thousand a year ago, and it went all the way up to sixty five thousand, and then it pulled back down to thirty thousand, and it stuck for about two months, consolidating in the thirty five thousand range, and then it ran to seventy thousand, and it's pulled back and it's consolidated in the fifty thousand range, So that's what you're looking at. Notice how it consolidated at thirty and now

it's consolidated at fifty. It's a big difference. So don't look at the peak, look at where it's consolidated, and look at where that support is at. And so I really want to look at the lows, the lows of it. So and if you're looking at the trading charts, you look at the lows. You want to see. You want to see higher lows, and that's what we're seeing, higher lows.

And as a matter of fact, if you look at the lowest price point of every single year, for the entire history of bitcoin, the lowest price point every single year has always been higher except for one year. But other than that one year, the lowest point every single year has always been higher. And again I just give you the last two years, and it's it's been pretty good. To focus on that, but really, like I said, let's focus on the growth of the network, and let's focus

on the development on the network. Now, one of the things that I hear a lot is um the government's going to make it illegal. It's probably it's one of the one of the oldest objections and maybe still one of the biggest objection, is that I hear and there's a there's a hundred and one reasons why I can tell you that's kind of a false uh narrative. The first thing I would say is that if a billion people don't want to be illegal, it ain't going to

be illegal. That's the first thing i'd say. The first thing I'd say is stop being a sheep, and remember that the government's supposed to be working for the people, and if the people don't want to be illegal, won't be illegal. So I hate that defeatist attitude. So don't take that. Don't take the defetius attitude. But the thing that I really you know, there's a there's another hundred reasons why I could say that of why they wouldn't

want to make it illegal. But one of the things that's been pretty cool that I've been watching is the level of entrenchment that we've made into the political system. And so the politicians make the rules, and really the politicians don't even make the rules. It's the lobbyists that make the rules. But one thing that's starting to happen right now and and it's it's actually kind of funny.

Is in California we have Congressman Representative Brad Sherman, and Brad Sherman is probably probably I would say, the number one most outspoken guy against bitcoin and cryptocurrencies. He hates them. He has continued to rail on bitcoin and cryptocurrencies for

the last couple of years. Um. Just I think a week or two ago there was some funny videos where he said Bitcoin is gonna be taken out by etherium, and Ethereum is gonna be taken out by um dodge coin, and dodge Coin is gonna be taken out by squirrel coin, and squirrel Coin is gonna be taken out by mongoose coin, and uh. And then then sure enough there was like this mongoose coin cryptocurrency and like took off, like people's

are buying it. It's kind of funny. But you know, one thing that he does have right is he said that he said that bitcoin and cryptocurrencies are a threat to the to the dollars status in the world, the reserve status in the world, and it limits our ability the United States, limits to the United States ability to impose economic sanctions against countries like Iran, which she does. Right, if we don't use the dollar. If I and doesn't use the dollar, then what do they care for the

U S sanctions and with dollars? Right, they don't. But I would say that it was almost like a like a talking point for Iran because they're like, oh, really, well we should probably go adopted then. So anyway, Brad

Sherman has been probably number one most outspoken guy. Um. Of course not not ironically, all of his biggest supporters are financial institutions, so just go look at Brad Shermany is to report who his sponsors ours and uh, they're all financial institutions, so of course no no surprise there. But the ironic thing is is that he is being

challenged this year by someone named Erica Rhodes. And Erica Rhodes is running on a pro bitcoin platform and not only is she running a pro bitcoin platform for the primary, um, she's also accepting bitcoin for her campaign, which is pretty cool and it's pretty ironic. And if you're in California, go Erica Rhodes. Let's go ahead and vote that in. Let's get Brad Sherman, that guy out of office. But

she's not the only one. We're seeing more and more of this happening um as big coin continues to get bigger and bigger and bigger, and we're seeing more people get into this. There's there's somebody else that that has decided to jump in. There's in Ohio, we have someone running the US Senate and uh her name is Morgan Harper, and she's again running on a pro bitcoin stance. And I think these these politicians are realizing that Paul, that

the bitcoin is big. There's a lot of people that believe in it and a lot of people that want it, and they're running on this pro bitcoin stands. So we have in Ohio Morgan Harper, three year old Senate candidate for Ohio. She says, it's one of the greatest problems in our society is too much power centralized in too few hands, which produces anti competitive effects that entrenched incumbents

and prevent innovation. That's what Harper said. She wanted to say that it shifts power to a select few large cities and a few dominant players within each market and away from people in states such as Ohio. So if you're in Ohio, be looking out for Morgan Harper. And we can see this is really picking up a lot of steam. It's not just these local races. We can see in offices all around the country. We're starting to see the same thing where people are running on this.

We saw in uh we know at least one senator for US House representatives have disclosed they bought cryptocurrency last year. Um, we've seen uh numbers of these aids, um of the aide that helped these people. As a matter of fact, uh, the staffers have been buying cryptocurrency like crazy, including the staff director for Senate Republican UM minority leader Mitch McConnell. His staffer is buying bitcoin, and so of course we

know he's got his ear. And so we've reached this level of entrenchment, and that's what we want to look at. We want to look at the growth of the network. And now these politicians are literally running on a pro bitcoin, pro cryptocurrency stance, which will continue to grow the network. But there's even more. As I said, the rest of the laws are coming from the financial institutions, and wait

until you hear what's going on on that front. There is literally billions of dollars poised to jump into the market now, of course as an investor, as I try to feel like a bitcoin as an investment more as a saving opportunity. But what we want to do is we want to front run. We want to get in front of it. So I want to explain to you what these billions of dollars sitting on the on the sideline ready to come in. You're listening to the Marks Show.

We're talking about bitcoin, talking about cryptocurrencies, and of course talking about the decentralized revolution. We're talking about the growth of the network and the development on the network, which are the two things gonna be paying attention to. Don't go, I'll be right back everyone. Welcome back. You're listening to the Markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, and we're talking about the decentralized revolution that is revolutionizing

the world. Now before the break, we're talking about um, some things that I talk about on a regular basis, which is when we're looking at new technologies such as cryptocurrencies, we don't want to look at the price. The price doesn't really tell us much. It's not the signal that we're looking for. The signal that we're looking for is the development on the network, or to say, the growth of the network, how fast the network is growing, and

the development that's being done on the network. Those are the two things that are important. If I was going to use an example like Uber, which is a great example, I used it quite often. Um, you know when you were looking at Uber. Now, first off, Uber was private for like ten years. You didn't really see what the price of the stock was on a regular basis. But

imagine if you did so Uber. You know, Uber moved into San Francisco and the price of the stock goes up, and then oh, nope, the city of San Francisco shu's Uber and now it's banned, and then the price drops and then oh they moved into Austin and then it's banned, and like it would be up and down, up and down, but it but it didn't. You didn't have the price of it for the first ten years. What you were looking at and even still today on most tech stocks,

you're not looking at the price of the stock. What you're looking at is the growth. And they're really most of these tech companies are sacrificing profits to grow. They're trying to grow the network as fast as they can, so in Uber's case, we couldn't see the price, but we were looking at us how fast were they expanding, how many markets were they opening up, and that we're looking at how many markets were being open up, how

many users were using it. And then the second thing was the development, adding on Uber Eats and adding on things like that, um the new apps and the upgrades of the rideshare and then the black cars and all those things. So we're looking at the growth and we're looking at the development, and that's how you want to look at technology, and that's the things we should be

focused on in the bitcoin of cryptocurrency space. And so I was talking about the h the how how we're starting to see a lot more lawmakers, Republicans or should say senators and congress people taking taking taking it not only for campaign on contributions, but also running on these platforms. I'll throw out one more time back to Erica Rhodes running in California, trying to replace Brad Sherman. If you're

in California, definitely take a look at her UM. But then something else that I want to talk about, which is the growth of the network and the development of the network, is that there is massive amounts of money sitting on the sideline ready to come in. And this is one thing that's that's incredibly bullish for me to watch. Now, last year a company called night digg it's n y d i G nighted came into game and and basically

change the entire game. Now. Nightigg Um does like a back office services for banks, and they announced actually, you know, it was this year, earlier this year, maybe like March of this year, and they announced that they were going to help banks um be able to buy, sell, and store bitcoin inside their bank checking accounts customers. And it's about three hundred banks that service, like three hundred million checking accounts, and that was pretty big. That was massive.

And so nightg came with this big old splash and and so far it's it's been happening. We've seen several banks I've been I've been researched or been talking about this. We saw a U. S Bank I think it's like the fifth largest bank in the United States has opened that up. But recently nightigg has been continuing to raise eyebrows, continuing to grow, and they're they're big, they're a big,

big financial services company. And this week they went into a money raising round to go raise more money to continue growing, and they had this funding round led by a company called Westcap. West Cap is a giant venture firm that helps these companies raise money, and Westcap led Nightigg into what is probably the largest funding round in the history of bitcoin, the largest funding we've ever seen.

Nightigg raised one billion dollars in a funding round led by growth equity from Westcap, valuing the company at a whopping seven billion dollars, which is massive A billion dollars raised for a seven bill valuation. Best venture partners Fintech Collective participated in the round, helping finance the bitcoin services providers expansion and growth. Existing investors a firm mass Mutual. By the way, mass Mutual is one of the oldest

insurance companies the United States. Morgan Stanley, one of the biggest um financial service companies the United States, and New York Life Insurance Company also joined mass Mutual. Now, a lot of boomers don't understand bitcoin. It's too it's as old technology, right Like, I'm sorry, I'm too old to understand technology. I'll just buy gold Well mass Mutual. Mass Mutual is the oldest UH insurance coming United states that they're over a hundred years old. They get it. They

get it. Mass Mutual Morgan Stanley in New New York Life. The one thing that I like to see about these things is that you know, I've been been been a full time you know, professional career investor from from my my whole career. Invested in a lot of deals. I invested into a lot of like private deals, a lot of early stage venture pre I p O deals, and um I invested into these types of deals across you know,

multiple different disciplines or different asset classes. And I can't know about all these I can't be an expert in all these and so what I do is I look to see who else is in on the deal, who else is there? And I never ever ever want to be the smartest guy in the deal. What I want is I want to see someone really, really big, someone really smart in the deal, because what it does is like, well if they got them convinced, then um, it should

be pretty good for me. So what these typically companies typically want to do is they want to get like this lead investor to kind of lead the deal. And so when I want, you know, so for a lot of you that may be listening, going, ah, come on, Mark, Bitcoin is a scam. Bitcoin is never gonna work, Bitcoin is gonna be illegal, Bitcoin is gonna be whatever. Fill in the blank. What I would say is sure anything is probable. I mean it, it has it has a

greater than zero percent chance of probability. That's that's true. But I would just ask yourself, are you smarter than Mass Mutual and Morgan Stanley in New York Life, because uh, I'm not. I'm certainly not. And so when you see that Mass Mutual Morgan Stanle the New York Life are in on deals that that should tell you something. I

should just tell you something. And so um maybe maybe maybe it's maybe you were going from a hundred percent skeptical, like a hundred percent like there's no way I give the zero percent chance to maybe go on, we'll shoot if those guys are in, maybe I give it a chance of making it then, right, I still think it's an eight percent chance of failure, but maybe maybe there's

twenty percent chance of succeeds. Maybe it's whatever that number is for you, But it would be hard for you, anybody to make a case that there's a hundred percent chance I mean, you just can't and just like I can't get a chance to succeeds UM. But you have to figure out where you're on that scale. But the fact is is that Nightigg was able to leverage the biggest rays ever for the bitcoin industry and UM. Basically, this just shows how much demand there is for these

companies to get in. UM, says Nightgg plays a unique role in the industry, empowering companies of all types to incorporate bitcoin in they secure in compliant way. So, like I said, they're working with the banks to do this. They also announced that they have enabled the Houston Rockets to integrate bitcoin services UM in the first US public pension fund to invest into bitcoin. Other recent partnerships include digital banking platform Q two UM. And so it's happening,

It's happening really really fast. It's definitely has UM better than a zero percent chance of failure. And so figure out where you're on that spectrum. Now, how do you manage your risk? Well, do you think it has a one percent chance of success? Okay, Well, then do you have one percent of your portfolio allocated to it? Do you think it has a five percent chance of success? Well, then maybe you should have a five percent allocation. Where do you sit on that scale, and then that should

determine what your allocations are towards that UM. If you're just tuning in, you listening to the markma Show, we're talking about bitcoin, We're talking about cryptocurrencies. We're talking about the decentralized revolution that's happening. Of course, we're talking about some of the development that's happening on the network right now, some of the growth. We're talking about the massive amounts

of money that are coming into space. A billion dollars was just raised by night Egg, by some of the smartest money in the space to get into bitcoin. And where are you at? Are you in? UM? When I come back, I'm gonna give you even more about what's growing. So don't go away, all right, Welcome back. You are listening to the Mark Moa Show, and we are talking about bitcoin. Of course, each and every week we're talking

about bitcoinen, We're talking about cryptocurrencies. We are talking about this decentralized revolution that we are all living through, we're all witnessing right now. I think if you just take a second just to think about how fortunate we are to be living through this time. Now, I get it. The world's scary, it's dark, it's dangerous, it's changing rapidly. Um planning to be afraid of, planning to be unhappy about the way things are evolving. But at the same time,

it's also pretty amazing. We're witnessing some really big things. We're we're witnessing some monumental periods in time that history books will be written about. And that is the invention of this new technological revolution that's happening, what bitcoin is doing now, we're we're talking about some some new that's been happening recently. I typically don't like to talk about the price of bitcoin as much as I like to talk about the development on the network and the growth

of the network. Um. And you know, we were talking about earlier though, I was talking about how the price is kind of down, but it's consolidated at a higher level. So it had consolidated at thirty a few months ago, now it's consolidated at fifty. That's that's pretty positive progress in my mind. But we've had some recent catalyst that seemed to be propping bitcoin up, and it's coming from an unlikely place. So while a lot of people are worried about what the Federal Reserve may due to bitcoin.

It looks like Federal Reserve might actually be trying to help out the market. And what do I mean by that, Well, there was an article that came out this week on Yeah Who Finance talks about how the Fed um speeding up the stimulus withdraw is actually pushing the price of bitcoin up. And so what do I mean by that, Well, you may have heard by now that we have massive inflation on our hands. You might have heard of that.

You might have noticed that it cost way more to fill up your tank with gas, or to fill up your bass it with groceries at the store, or to buy a house for the center, kids to college, or whatever you you may need to spend money on. You probably realize it's much higher. And so last week the Fed put out their numbers and we saw that the inflation number they give to a c p I, which is actually cp LIE. CPI is the consumer price Index UM and so basically they take into the basket of goods.

So let's say that you go to the grocery store and you buy, you know, a steak, you buy a gallon of milk, you buy a thing of cheese. You buy a cart and get eggs and you and you see how much that costs, and then you track that same basket over time, and then you see what the changes in those prices are the problem with cp I is consumer Price Index is that the government changes the basket on us all the time to show whatever numbers

they want. So, for example, in the in the basket that they show us right now, the six point eight number, they exclude food and energy. Well that's pretty interesting because food and energy are the ones that have gone up the most and they're the most important to us. You can't live without food, you can't live without energy. Now, if they want to include the price of t vs, I'll share TVs have come down. That looks cool, But food and energy are the things that we need, and

so they don't count those things. So they're constantly changing the rules of how they how they measure that basket, which is why I call it cp LIE. And they're really changing that basket because they're trying to push their narrative right. They don't want inflation to go too high for a couple of reasons. I think the main two reasons would be one, if they show that some that the inflation numbers higher, one, they are going to have a harder time to print more money. Right. What the

fight can say is we're not getting enough inflation. We need more inflation. We need to print more money. That's one we're gonna talk about that. The second one, though, is that they if the CPI numbers going higher, that means the cost of living is going higher. If the cost of living goes higher, that means everybody on Social

Security and entitlements needs to get paid more money. And the unfunded liabilities, so that's the money the government knows for for Medicare and so he reading and things like that, is about two hundred trillion dollars. Now, to put that into perspective, and we threw around these big numbers all the time. To put that into perspective. You know, the debt of the United States is just under thirty trillion,

So there's two hundred trillion of unfunded liabilities. And so if the CPI number goes higher, then they have to pay out more money. But it's gonna be hard because they're already so deep in debt. But the one I want to talk about today is um they need to continue to stimulate the markets. They have to continue to pump money into the markets because it's the basically a giant Ponzi scheme the markets if they stop putting money in. So right now they're putting money in through stimulus, and

so they're putting about. They've been putting about a hundred and twenty billion dollars a month into the markets to keep the markets from crashing. And they've degree they've decided to go ahead and taper. That means they're gonna put less money and they've agreed to put in fifteen billion less than normal on a monthly basis, and they're also talking about raising rates. If they raise interest rates, they

could try to slow that inflation down. The problem is that you can't taper a ponzi and so the market's only staying up and only going up because they continue to put so much money in. But as soon as they pull back and stop putting money in, guess what happens the market crashes. Now we know this to be true because when they try to do this before in the markets crashed, and so they're stuck in this very difficult situation. However, the inflation is raging so high that

they have to do something. The people are demanding it. We have we have you know, President Biden is now um calling the FTC and the gas companies to find out why they're charging so much for gas. We have Elizabeth Warren and she's uh, she wants to look into why turkeys are so expensive and why meat is so expensive. And it must be these greedy businesses, or they could just look at themselves in their monetary policy that they've

taken off. But they've got to do something right. And so everybody's watching the Federal Reserve and the central banks and UM. Basically, the Federal Reserve now has officially taken some steps to accelerate the withdrawal of the unprecedented monetary stimulus used to prop up markets in the wake of the coronavirus, acknowledging the growing threat of inflation now at

a thirty nine year high. So the US Central Bank meeting was being closely watched by digital asset traders because many bitcoin investors see the cryptocurrency as a hedge against the potential debasement of the dollar that might result from the monetary stimulus, which is facilitated by the FED money printing, so a faster withdrawal the stimulus might prove provide an extra headwind for bitcoin prices, but bitcoin prices jumped after

the FED decision. Instead, the FED announced that two pm Eastern, signaling that traders may have been worried about an even more aggressive withdrawal the stimulus and a faster interest rate increases next year. The bitcoin price had fallen December Loan. That's what they're saying is that maybe a lot of people were already pricing this into the market. So the markets are what's called a discounting mechanism. That means that the market are always trying to guess correctly will the

prices be higher or lower. So I'll buy a stock today hoping the price is higher in the future, I'll buy it, you know, shorten it and hoping it's be lower in the future. And so what they're saying is that everybody here to do with with inflation so high with the cp IP that um the FED was gonna have to do something raise rates or or do this withdrawal. And so a lot of people are thinking that bitcoin's price was crashing in advance. So people were already anticipating

this happening. But when they finally announced what they're gonna do. It actually came in much less than what they had expected, and so um once they announced it and it wasn't so bad, the price of bitcoin popped up. That's what they're saying. Maybe maybe not. I don't know, what do you think. I'd love to hear from you guys that are listening. If you want to shoot me a message, you can hit me up on Instagram or Twitter at one Mark Moss. That's just the number one at one

Mark Moss. Say you're here hearing me on the radio, Get at me, shoot me a question, Say you heard me here. I I'm super active on on those platforms. I'd love to get back to you if I hear that, and tell me what you think. Do you think that they were that that the bitcoin market jumped because of that? Now? For me, for me personally, I don't try to find a reason for every single price movement. The price goes up, if the price goes down on a short term basis,

I don't try to find reasons for all that. But maybe maybe that makes sense, right, we know, like I said, the Fed said they were gonna taper at fifteen billion. Now they're gonna do thirty billion a month, but that a lot of people thought it'd be worse, and maybe maybe they're happy about that. Now. Something to keep in mind is that just because they're going to stimulate less,

it doesn't mean they're stopping stimulation. They're going from a hundred and twenty billion a month to a hundred and five a month of still printing fake counterfeit money sticking into the system. So it's not like they're gonna stop doing this. No no, no, no no. They're only just gonna slow it down just a little bit. So it's not that much. Now. By the way, you're listening to the Mark Moa show, we're talking about bitcoin, we're talking

about cryptocurrencies, we're talking about the decentralized revolution. We're talking about what's going on with FED and potentially driving the price of bitcoin higher, which is a pretty interesting corollary to look at. And I'm just trying to give you all the reasons as to why the network is growing, why the development of the network is growing, and how we should be focused on this so we don't get

shaken out by these short term price moves. What happens is the price drops and a lot of people that don't understand it, are scared and they sell. They miss out when the market bounces back higher, which it which it does. We could, you know, have thousands allar canels in a day. And that's what I'm trying to prevent from happening to you. So don't go away. Le'll right back.

All right, welcome back. You are listening to the Markma Show, and we're talking about bitcoin and we're talking about cryptocurrencies. We're talking about the decentralized revolution that's happening. And this segment, what we're talking about is ignore the price. It's a short term distraction. Um, we want to focus on the

growth of the network. Want to focus on the development of the network, and so I'm bringing to you the latest news and information so you can stay up on those two things, the growth of the network, development on the network. Before the break, we were talking about how the Federal Reserve, the Central Bank of the United States their policy and how potentially their policy. Um, they've decided that they are putting way too much money into the

system and that they should taper. They should just put a little bit less fake fiat counterfeit money into the system. And uh, you know, typically you know, bitcoin is kind of this hedge against that inflation, and so typically when they pull back, you would expect that maybe bitcoin wouldn't do us good, right, um, but bitcoin actually jumped, and so some are speculating I don't know if this is true or not, but you can you can decide and

shoot me a message let me know. But that maybe that they were expecting the FED to do way more and they didn't do as much, and so maybe that was one of the reasons why bitcoin jumps, which is kind of interesting. Um. But some other things that were really big. We talked about, you know, uh, some politicians that are running on the bitcoin platform. We talked about night Digg raising over a billion dollars amazing billion dollars from some of the oldest companies in the space, mean

Mass Mutual, New York Life Insurance, cetera. You're not smarter than them. Just tell yourself that you are not smarter than the Uh. If they have that much faith with ore all their other PhDs and experts, then maybe you should have a little bit belief in it. Um. And then we were talking about, like I said, the FED. Another thing that I saw this week is that you know, obviously, I've I've talked quite a bit about El Salvador and how Salvador has adopted it as a legal reserve UM

and it's been growing fast down there. It's been amazing. Now now Salvadors launched their their bitcoin bond UM and it's it's amazing. And now we started to see news of maybe Paraguay UM doing the same thing, and I think it's only a matter of time before we see more and more and more countries starting to adopt this. And and this week we also saw the country of Minimur Minimore UM said that they want to use tether

an official currency. So the stable cooin issuer called in EU G S U S T D adoption a significant event that goes beyond the potentials of cryptocurrency. So U S d T that's U D tether. So what is tether. So tether is a dollar backed stable coin. And basically what that means is when you give them a dollar of U S dollar, they give you back a cryptocurrency token that's worth the same dollar. And so it's stable,

it's always pegged, it's pegged to the dollar. And so UM there's a there's a bunch of these different different stable coins out there. And you know, also we're starting to see governments, including the United States, working on creating an essential bank digital currency, which would also be like a dollar. And so um, we've seen, um the rise of these um stable coins, the rise of these these central bank digital currencies UM. And this is the first

time that we've seen an actual country. Now. Granted it's their shadow government run by the supporters of Nobel Peace Prize winner ang Son UM, so it's another main government

as the shadow government. But they've announced that the tether is an official currency for local use and they want people to use it um now as a stable coin, which is basically like using the dollar, which would really be no different than, like I said, using a central bank digital currency, which of course I'm not not big of a fan of because it's the same as fiat is just digital. However, I think that central bank digital currencies and even these stable coins are what I would

consider to be like a trojan horse. And so what do I mean by that, Well, I think it brings people into the space because right now, let's say a lot of people might be skeptical on bitcoin. UM. I don't know how to use it. I don't know if it's safe. I don't know if it's real. I don't

know if I can trust money that's digital. All these things, right, But once they use a central bank digital currency that's recognized by their bank and it's recognized by their government, it just gives them, um that mental um kind of it tricks them a little bit. I guess into thinking that it's safe, and we'll shoot. I guess if my government used it, if my bank used it, then it

must be safe. And then once they start using that, then to jump to bitcoin is not a big jump at all, and as a matter of fact, it would even facilitate or even push that jump, because as you're using that stable coiner or specifically using the central bank digital currency, you're gonna be looking at it against Bitcoin and you're gonna wonder why Bitcoin as priced in that central maink digital currency, that stable coin continues to go up in value, and you're gonna ask yourself, we'll shoot.

Now that I'm holding cryptocurrencies and using cryptocurrencies, even though it's a stable coin or central bank digital currency. Um, now that I'm using um these these cryptocurrencies, why is it that bitcoin keeps going up in value, and then you're gonna go, well, shoot, why am i story and all my wealth in this stable coin or the central make digital currency it's losing value to bitcoin? Why am

I not just holding bitcoin? And so that's why it's this trojan horse that I think will just bring people in that way, which I think is pretty cool. Um. On top of that, we're talking about, like I said, the price of bitcoin going up based off of that Federal Reserve statement, which you know, may or it may not have happened. I don't try to make sense of

every single move. But something else that we do know is that, um, it's December, and December means it is the end of the year, which means it is tax time, and so December is typically a rough time for stocks overall. So stocks, um, you can lump cryptocurrencies in that as well, and that's typically this, uh, this kind of rough turbulent time for that. Part of the reason why is because as of the end of the year, a lot of

people are taking moves for tax purposes. So for example, if you're a CEO of a big corporation, um, and let's say that your stock is at an all time higher, right, now or or whatever, it's higher than it was, you probably want to sell off a bunch of those stocks to realize the profits so you can get a massive bonus.

That might be one reason. And so, UM, you see a lot of these ceo is doing that, which creates this downward selling pressure and more some downwards pressure creates more downward pressure, and then all the bots start trading and the price starts dropping. Um. Also with bitcoin and cryptocurrencies, we might see the same thing. So for example, what you can do with your bitcoin and your cryptocurrency right now? Uh,

And it's the big thing. Take note of this. I think I'm talking about it once before a few weeks ago, is that you can do something what's known as a wash sale or wash trading. Now, this is typically not allowed in other types of assets. And so if I held stock and I were to sell that stock at a loss, I wouldn't be able to buy that stock again. I think it's thirty days. Talk to your tax professional about it. I think it's thirty days. You can't buy

that stock again. Both cryptocurrencies, you don't have that situation. Um. They're trying to change. I believe they're going to change the rule for next year two. But as you don't have that rule. So if you bought bitcoin at sixty nine thousand and today it's sitting at forty eight thousand, UM, you could sell the bitcoin and instantly buy it back. So you'd buy it at sixty nine thousand, you sold it at forty eight thousand, you have about a twenty

thousand dollar loss. But then I just rebuy it, so I still have the bitcoin UM and I saw it the same price, but now I have a twenty thousand dollar loss sitting on my books, and now I can apply that loss to any other gains that I have. Now, this is a massive opportunity for you right now at the end of the year, because as I said, you can't do this on other assets, and they're trying to change the law so you can't do this next year, and so you want to offset any gains you have

with those losses. And so that also might be some of the reason that's kind of creating this UM, this this selling pressure on on it. Now, like I said, I don't try to look at the price on a short term basis. I'm not trying to guess about that. As we already talked about before the price of bitcoin has continued to go up higher and higher and higher. As we talked about it was it was seven thousand dollars two years ago, was fourteen seventeen thousand dollars a

year ago, and today at so um. Just continue to stay zoom out, look at the long term price. But if you are sitting on some losses, now might be the time to lock those things and capture those losses and write that off against any gains. Now, again, everybody's tax situation is different. We are not in this together. That's the lie being told to us. We're not in this together. All of her situations are different. So consult with your tax professional, see if that works for you,

and right what the right thing is for you. I think, though, once we get through this end of year cycle, I think we'll see things starting to take off. Like we talked about with Nightigg taking on that billion dollars of capital, and from some of my friends that I'm hearing the chatter on the wire, there's billions and billions of dollars literally sitting on the sidelines ready to jump into the market. And I think once we get through the end of

the year, we'll probably start to see that. I don't know, I'm not predicting it, but get your money in while you still can. But stay zoomed out and focus on the long term. And by the way, you're listening to the Markma Show, we're talking about bitcoin, We're talking about cryptocurrencies. We're talking about this giant decentralized revolution that is changing the world. We're talking about the two things that we

should be focusing on, not the price. We're focused on the growth of the network and the development of the network. As long as you stay focused on those two things, you're gonna be looking at the signal and not the noise. All Right, you listen to the Markma Show. Bitcoin, Cryptocurrencies, decentralized Revolution. Thank you so much for listening.