Everyone, welcome back. You are listening to the Mark Moas Show. We're talking about the decentralized revolution that is happening right now, the one that we're living through. We're talking about bitcoin, we're talking about cryptocurrencies. We're talking about the intersection between politics and finance and technology as it's changing the world
that we're living in now. I'm with each and every week trying to keep you up to date because this is moving so fast, and it's so it's moving so fast, and it's so important for you to understand, so important for you to understand because this will be the biggest opportunity of your life. You can either take advantage or you can be left behind. And so I urge you. I welcome you. I ask you to tune in each
and every week. UM put a reminder on your calendar for this date, this time, this channel to make sure you tune in with me. Try to bring you the education that you need so you can get the right perspective. I'd bring you the latest breaking news to you know what's going on, and then I bring you some interesting people to hear from each end every week, and you know this is changing, it's changing really fast. And you know,
an old them doesn't die without a fight. Um. There's something known as creative destruction, and that means that when something new is created, it destroys the old way. It's kind of like a forest fire. The forest fire, you kind of gotta burn the underbrush so that the new growth can come. It's kind of like Kodak, the company that made film. If you're young, you may not know about Kodak, but Kodak was over a hundred year old company that made film for cameras. And we don't use
film and cameras anymore today. We have digital cameras, and so the digital camera destroyed Kodak, a film company, a hundred year old film company, and that's what creative destruction is now. Typically what happens is those incumbents, those those companies that are in place, or that that system that's in place doesn't want to go away. Especially in today's day and age. We're not in a capitalist society. We're
in a chrony society. And so what we have is these big companies use the government to make laws to protect themselves and protect themselves from new companies out innovating them. It's not not a good situation to be in. But these old systems they don't want to die hard. And so we have this monopoly on money and stores of stores of value and medium exchange that the governments have, and uh, we have technology, and technology is changing things and it just is what it is. It's not it's
not it's not about politics. It just is what it is. So for example, um, if I used to want to listen to Beethoven hundred years ago, I'd have to get a whatever, a thirty or fifty person orchestra. Right, that's just what that's what I have to do. And then eventually we had records, and then we had CDs, and now I have every music in the world is just available to be streamed on my phone. That wasn't about politics,
that was just technology. I used to have to go to a library, used to have to go to all kinds of libraries are the biggest libraries in the world to find certain books, and today they're just all on my phone. I used to have have had walls and walls and walls of like photo albums, and now today they're just all in my computer. And we used to have piles and piles of gold and stacks and stacks of cash and now it's just digital. It's not it's
not politics, it's just it's just it's just technology. It's creative, it's creative destruction. But it doesn't go down without a fight. And so it's pretty interesting. And when we're seeing how how it's working with these nation states wanting to UM fight this UM. China is one of the one of the first nations to really jump onto these digital currencies. Of course, they rolled out their own central bank digital
currency UM. They've been testing it for about a year and a half, but they had a full scale rollout at the Beijing Winter Olympics. That's been going on. It's been pretty interesting to watch what's going on there. And they report that digitally want transactions beat out visa transactions
at the Winter Olympics, which is pretty big. They've already got more people using them than that says replacing cash with digital one for payment can effectively reduce direct contact between people and the risk of spread of COVID nineteen end quote. So they're really pushing this like, hey, we should be having the Olympics. It's dangerous, we're in a pandemic and blah blah blah, and uh, you know cash is dirty, so why don't we use central make digital currencies?
And it worked out pretty good, and we can see, like I said, that it is UM, it's it's it's it's outpacing VISA at this point. So China has completely embraced it UM. We were talking about in an earlier segment how in Canada they're trying to UM really censor it US specifically if you give any cryptocurrencies to what they considered dissident groups UM, which used to be okay, it's not anymore UM. And in the United States were
starting to see the same thing. So we saw a few weeks ago UM the Biden administration UM came out with UM. They said that they are going to have an executive order to regulate cryptocurrency. So it was like an announcement of announcement. They didn't tell us what the executive order was or what they were going to do with it. They just told us that they were going
to have one and it was gonna do something. And then at the same time, we saw the Treasury and Janet Yellen come out and say that they had an unlimited budget to go regulate cryptocurrencies. Again, don't know what that means. But as we're watching this, we're seeing a lot of other things happening. So, for example, we saw this week uh U S Congressman Warren Davidson introduced a
bill called quote Keep Your Coins Act. So you, as Congressman Warren Davidson, he's a Republican from Ohio, introduced legislation entitled to Keep Your Coins Act UM in the wake of mounting concerns over crackdowns on civil liberties in Canada as private companies in the Canadian government leverage control of
the legacy financial system. M So we have a Congressman Warren Davidson, I applaud you UM, and he says that Keep the Coins Act because of the concerns on the crackdown on civil liberties and so what some people are afraid of is that UM, bitcoin and cryptocurrencies are revolutionary for lots of reasons. One of the reasons is because I can custody my own coins. That means I can control them. And if I can control them, UM, the bank can't just see ease them. Right, So in in
Canada um UM. Trudeau said that any truckers that are there in the protests, they're gonna seize their bank accounts, and they can do that. They put the put the push off a button. They just take the money in your account. It's not yours anymore. But if I have my money on my own, if I had to cash in my mattress, they couldn't just take my cash, right And if I have my cryptocurrencies, they couldn't take that either.
And so one of the choke points, one of the weak points is that they think that government could say you can't You're not allowed to custody your own coins anymore, which seems completely ridiculous and it seems like a North Korea authoritarian edict um. I mean, I don't I'm not legally able to store my own wealth like what like, I have to leave it in a bank so you can seize it whenever you want. That doesn't seem right to me. And that's why it seems like they're doing
their own doing bitcoin the marketing for them. But it says, if pass this bill would prevent any agency head from prohibiting or otherwise restricting the ability of a covered user to use virtual currency or its equivalent for such users own purposes, such as to purchase real or virtual goods or services and users own use UM or conduct transactions through a self hosted wallet UM, so, he says, Davidson says.
Davidson says, we started working on the text after it was obvious that Secretary Yelling Janet Allen the US Treasury would resurrect the effort to restrict self custody. If they can't stop crypto, they want to try to move it to an account based system. That's what Davidson says. So what he's saying is that if they can't stop it, which of course they can't, what they want to do is say, well, you're not allowed to hold it on your own. We have you have to allow us to
hold it for you. Of Course, the problem with that is what we saw when gold used to be money. Up until ninety three, gold was big and heavy and hard to move around. So I just put it in the bank and the bank gave me a gold Certificate UM, which was an IOU for the gold UM. And then in nineteen thirty three they enacted something called a bank holiday. The bank shut down for a week. When they open the banks back up, you weren't allowed to get your
gold out anymore. And the reason why is because they printed way more paper gold certificates than they had gold in the bank. And so if they held your crypto and used an account based system, how do we know that they're not just creating a bunch more crypto. Of course we don't, which is the exact problem we're trying to solve. Um. He went on to say, we shouldn't use money as a way of controlling people. Of course, if there's criminal activity, you should go after that, which
I agree. Right, if there's criminal activity, then then go after the criminals. But imagine if the same things were done to a crowdfunded BLM movement, that wouldn't be okay. It's not okay with the Freedom Convoy either, end quote. And so we shouldn't use money to control people. Control people with laws if they do something illegal, punish them for that, but don't control them with the money that's their own property. I'll be back with more in a second.
Don't go away, Hey, welcome back. You are listening to the Mark mo Show. We're talking about the decentralized revolution. We're talking about the interest action of politics, finance and technology together, which of course is bitcoin leading this decentralized revolution and I'm bringing you the latest breaking news of
the week right now. We were just talking about um U S Congressman Warren Davidson introducing a bill to Keep Your Coins Act, which is basically making a law where you're allowed to control your own cryptocurrency in your own wallet and they can't pass a law to take that away from you, which is, UM kind of ridiculous in a way. UM, we have to pass a lot to prevent more laws. Oh man, it's like they pass a lot, they don't ever repeal law. They just passed another law
to you know, contradict the first law. I mean, it's all ridiculous. I mean, I thought we lived in the land of the free, um, but we have to pass a lot to allow us to have our own property either way. UM, I guess if that's where we're at, that's where we're at. And UH, I think it's pretty cool that he is doing that. So hat tip to UH Congressman Warren Davidson. But what I was talking about in UH in the bigger picture of things is that in times when we of these technology shifts, this uh
creative destruction as I was calling it. UM, you know, the incumbent system doesn't want to give it up, right, they want to fight it. And so we've seen this obviously like Uber is a good example of that. So as Uber was changing the taxi system and rideshare system, the taxi industries themselves were fighting against Uber and they were going to the cities and they were trying to pass laws to prevent Uber from coming in. Or Airbnb,
same thing. So you have the big hotel companies were going and trying to create laws and regulations and cities to prevent you know, Airbnbs and things like that, and so, um, that's just what happens and that and that's exactly what's happening here. And so as this incumbent financial system, which of course is much bigger than the taxi industry or the hotel industry, we're talking about the governments that control money, and of course they want to they're gonna want to
control that, um. And so that's why, as we talked about before the break, you know, the Biden admant said they're going to create an executive order to regulate it, and we saw Jenny Allen's Treasury is gonna have unlimited budget to fight that. But what's interesting is as the federal government is continuing to try to um get more power to keep their positions, and of course the money is federally, so of course the federal government's doing that.
We're seeing the states starting to push back against that, and so that's why you know, Rep. Warren Davidson from Ohio introduced that bill. We also saw this week we saw in Colorado, Colorado governor says he expects state to
accept tax payments in cryptocurrencies by the summer. Jared Paulus, who's the governor of Colorado, announced that the state government plans to allow residents to pay taxes and cryptocurrencies as early as summer um and it was in a CNBC in an interview, he said that crypto holders in Colorado could have the option of sending tax payments in digital currencies, and quoting him, he said, we expect by this summer pretty soon to accept crypto for all our state tax
related purposes. Then we plan to roll that out across all of state governments for things like um driver's license or hunting license within a few months after that end. Quote. Um So, while we have the federal government trying to crack down on it, the federal government said they want to regulate it. Um, we have states like Davidson in Ohio, like Jared Paula is the governor of Colorado, saying no, no, no, no, no no, no, no no, you're not going to regulate.
As a matter of fact, we're going to make it um legal. We're gonna open it up for everything. You can pay all your fees on it. You can pay for your driver's license, your hunting license with it. And you know, in the United States, specifically the United States, I was talking about an earlier Segmentum, in a democracy, we should hear the voice of the people. The United States is not a democracy. The United States is a republic now, uh. And what that means we have a
representative government. And what that means that the states have states rights, and so the states are able to do these things um, or they should be able to and we'll see how that plays off. UM. Now, you know paulas the governor of Colorado, he's been kind of working
on this for a while. Back in two thousand nineteen, he signed the Colorado Digital Token Act put that into law, and basically he aimed to exempt tokens um with a primarily consumptive purpose is what it means, and he's trying to He's trying to UM remove them from security regulations because these regulations that are very ambiguous and nobody knows what these security regulations are. The SEC's maybe going to
do one day. All this ambiguity has led to UH kind of a stall in in this new technology, and so UM states like Colorado have kind of moved to put legislation into place to kind of exempt tokens and things like that so they can continue to have that. So UM, he's been pretty pro cryptocurrency, which is pretty interesting. But he's not the only one we can see here. UM. In a post from Yahoo Finance, we saw UM. In Arizona, Bill s B one three four one was introduced by
state Senator Wendy Rogers. UM seeks to amend the list of accepted legal tender to include bitcoin, which means the cryptocurrency would be accepted for the payment of debt, public charges, taxes, and other dues. So again, another state is saying, hey, federal government, you can say what you want, but we're gonna do something different. As a matter of fact, we're gonna make it legal tender to pay your public debt. Now.
It's interesting that a lot of people would have typically said, yeah, bitcoin is never gonna work because, um, you know, you still have to pay taxes in dollars. But what about when the states a lot you to start paying your taxes in cryptocurrencies. And that's exactly what's happening now. Just so you know, it's not into law yet, it's a bill. Spe the bill still has to pass the Arizona State Senate and the House before it gets the governor who could sign it into law. Now, we don't know how
it's going to work through those areas. It's not the point. The point is it's very interesting to see this happen and we can see that this transition that we're in, this decentralized revolution, is in place. And they're the only ones um. In Texas, there's a strong race for governor.
Governor Abbott has been there, he's the incumbent um, but apparently there's a few other um candidates for governor in Texas that are gaining some momentum, and one of them is Conservative candidate for governor Texas of Texas, Don Huffing's and he released his plan to make Texas the leading state in America for bitcoin and other cryptocurrencies. He said, uh quote. As a leader in innovation, Texas must lead
the nation on bitcoin policy and cryptocurrency adoption. I am committed to making Texas the citadel for a bitcoin and protecting the industry from the federal government. End quote. Let me let me, let me read that last part again for you. He said, uh, Texas sail for a bit and protecting the industry from the federal government. End quote. That's his words. It's pretty amazing that a politician is
having to protect an industry from the federal government. Who is the federal government to be shutting down industries in the land of the free. Who are they to say what you can and can't do? Now? I know, I know through the pandemic, it's set this precedent where they could tell you your business is not essential and you must shut your business down. Well, it might have been not essential to you, but if you were trying to feed your family with it, it was pretty dang essential.
So he says he has to protect the industry from the federal government. That's a problem. That is a big, big problem in my opinion. The federal government is there to protect private property rights, that's what the role of the federal government is. My business is my private property. They should be protecting it. And now this politician says he has to protect industry from the federal government. But that's exactly what's happening. It's a race. It's gonna be
interesting to see how this all plays out. By the way, you're listening to the Markma Show. We're talking about the decentralized revolution that's happening right now before our very eyes. We're talking about the intersection of politics, finance, and technology. We're talking about bitcoin and how things are changing rapidly, and of course how you can stay involved and up to date on what's going on. Um, you're listening to
the Markma Show. If you haven't already bookmarked this time and paid place to be with me each and every week, I'll be back with more in a second, don't go away, all right, welcome back. You are listening to the Markma Show talking about the decentralized revolution that we're living through. We're all living through it. And uh, if you unless you've been asleep or in a coma, you've probably realized that it's happening because it's all over the place. It's
in your face. Um, it's in the news. The trucker situation of Canada. You know, we have states trying to change the laws about it, and uh more in your face. Probably the biggest stage to be I don't know, in the world, at least the United States was the Super Bowl, and it really dominated what was going on in the super Bowl. It kind of became the Crypto Bowl, if
you will. I say Crypto Bowl because, um, if you're old enough to remember, then you might remember when it was the dot Com Bowl back in the year two thousand, when it was all dot coms that we're spending money. Um at that time, if you remember, in about two thousand five, it was mortgage companies spending money. And now here we are in two thousand twenty two at the Super Bowl and it was crypto companies that were spending
all the money. So, uh, if you watch that at all, and even if you didn't watch it, you probably heard about it because I think, uh, probably even bigger than the game. People love, love, love love the commercials. The halftime show was pretty good too in my opinion, but that's because I'm from southern California and I'm old enough to remember when that was a thing. Uh, my kids think it was kind of funny, but I thought it
was pretty good. But but anyway, back to a cryptocurrency in this decentralized revolution, um, there's something known as the Super Bowl indicator, and uh, it's not it's not all good. To be honest with you, it's not all good. So we can see Crypto dot Com, FTX Trading, and coin Base were some of the biggest cryptocurrency exchange companies who were buying ads during the Super Bowl. As a matter of fact, they reportedly shelled out as much as six
point five million dollars for thirty seconds. Man, that's a lot of money. Now to put that into perspective, six and a half million dollars for thirty seconds. Two that was in the year two thousand. It was two and a half and I'm sorry, two point two million per slot. So that's inflation. That's inflation for you. Now, Remember, Inflation isn't the prices of things going up. Inflation isn't that
things are becoming more valuable. Inflation is that your dollar is worth less and so it takes more dollars to buy those things today. So it used to take two point two million dollars to buy the spot. Now it takes because the dollars have lost so much value. Now it takes a six point five million dollars for the same thirty second spot, which is pretty interesting. A lot of inflation since uh I guess that's twenty two years.
So if you would have had uh, if you would have had two point two million dollars for a thirty second slot back then, and you would have put that money in the bank today, it would have bought you about ten seconds. So about your thirty seconds back then today it buys you about ten seconds. To put that into perspective, um, of course, that means if you were buying if you would put the money for a house in the bank and you were trying to buy a house today, buy you about a third of the house.
If you're trying to buy a basket of groceries, it buys you about a third of those basket of groceries. That's what happens when they inflate your money away. But back to the back to the Super Bowl, the Crypto bowl um. Unfortunately, despite millions of dollars that was spent on ads, the price of bitcoin and other cryptocurrencies didn't
take off quite what most people were expecting her. I should say, maybe hoping for um, A lot of people might have gone out and bought some of those bitcoin and cryptocurrencies after that day, hoping that it would take off. But um, I guess I did a little bit. Um. At about the time of the area, bitcoin was about forty two dollars. It's about forty four thousand dollars today it was up about two dollars. Uh, that's not too bad, um if if if you look at it's up a
little bit. Got a little bit of a bump. Now. I don't know if it's because of that or if it's because of all the governments of the world doing marketing for cryptocurrencies. We see, like I said, crypto dot com was one of the other big ones, and they have their own token called c r oh. And that's pretty much Flat hasn't really done much. Um ethereums up um a little bit. I think at the time of the airing it was about today it's about thirty one five.
So you know, got a little bit of a bump, um, you know, not as much as maybe people would have thought. But back to like I said, um, in the year two thousand, it was the dot Com super Bowl. And what's interesting is at the time it was also the same It was St. Louis Rams that were in the Super Bowl versus the Tennessee Titans. So we still had the Rams in the Super Bowl, but back in Los Angeles this time, and at the time there was fourteen ads in the Super Bowl for dot com companies. They
bought up of the ads UM for that spot. But the thing is is that after the two thousand game, after the two thousand Super Bowl ended, all the publicly held companies who advertised saw their stocks start to fall as the dot com bubble began to basically burst UM. And today here we are, twenty two years later, only four of the fourteen companies that advertised are still operating.
Five other companies were bought out, and the rest, I mean, they're just gone, like pets dot com, right, they they're the they're the stereotypical dot com bust company UM, And so you know, it's interesting to look at UH, they're pretty much all gone. As I said, four of the fourteen companies are still around UM. And with that in mind, we can kind of look at the Crypto Bowl, which this one is kind of dubbed the Crypto Bowl because
it was dominated by crypto advertisers. A matter of fact, fort of this year's advertisers were new companies, UM, you know, crypto companies, and most of these year's crypto ads revolves around the idea of don't miss out. So they're really trying to hit people with this fomo fear of missing out, which I don't like. UM. I don't think that anybody should ever buy an asset based off of that. Don't ever buy anything based off of fear. UM. Think about it from a sound rational mind, make your plan and
move from there. But they really were trying to get people on that this don't missing out um campaign. There was a couple of good ones in there, UM, but unfortunately it's not a super good history of that UM in L A h. And also we saw crypto dot com and I think Crypto dot com took over the Staples Center in Los Angeles, and I think FTX took over the one in Miami, and that's not even that's
not a super good sign either. So the crypto dot com is taking over the Staples Center, which, of course what happened to Staples didn't work out too well for that UM. So you know, naming um stadiums isn't the best sign either. Coin Base was the one that maybe it was the most talked about, and they basically just put this little QR code on the screen. It was just bouncing around and it was like, hey, everyone, you know, grab your phone and scan this QR code, which they
don't take you to the coin based website. Now, it worked really really good maybe or it worked really really bad. Um. And what do I mean by that, Well, it worked maybe so good that it crashed the website and coin bases website went down. You would think that they would have planned it. They're gonna spend all that money on the ad. You would think they would have prepared their website to handle that traffic. UM. And it's also a reminder.
It's a reminder because, as I've said many times, one of the key attributes of bitcoin and cryptocurrencies is that I can custody it myself. I can hold my own coins. The oldest problem that mankind has had is how do I secure my wealth in a way it doesn't get stolen. And if you leave your money in the bank, the bank and sees it like Justin Judeau order the banks
to seize all the trucker's protesters money. Um. And if I leave my crypto on an exchange like coin base, they could also freeze my account or sees my account. And so um, the coin based exchange crashed and if you had money on there and you wanted to get it off, you couldn't. And so let that be a reminder that you are using your hoping you're trusting somebody like coin based to protect your cryptocurrency and hopefully you'll be able to get that cryptocurrency off when you want it.
You would think that when they spent all that money, they would have made sure their website didn't crash, but it did. And so then I would just ask you, and you should ask yourself, do you really want to trust anybody, even coin Base, withholding your currency cryptocurrency? They couldn't even keep their website up when they knew they were going to get that business. And do you really want to trust them to get your money off when you need it? Um? I don't. I wouldn't. UM, I
wouldn't recommend that. I would recommend to get that off now. Um. And like I said, it's maybe not a good sign of what is going on. Some other things that I see going on is that, you know, a lot of there's a there's a lot of talking heads coming out and talking about cryptocurrency, some good, some bad. Um. Some people are excited about it, and some people sound like boomers that just don't understand what's going on, including maybe one of the biggest and most famous investors in the world.
I'm gonna come back. I want to talk about that and uh more. You listen to the Mark Moa show talking about the decentralized revolution, talking about bitcoin and cryptocurrency, the intersection of politics, finance and technology that is changing the world as we speak. I got a lot more in just a second when I come back. So don't go away, everyone, Welcome back. You were listening to the
markmas Show. We're talking about bitcoin, We're talking about cryptocurrencies, We're talking about the decentralized revolution that is happening right now. And before the break, we were talking about the Super Bowl. We're talking about the Crypto Bowl, and we're calling with the Crypto Bowl because it was dominated by cryptocurrency advertising um and I was comparing it to in two thousand, which also saw the rams not the Los Angeles Rams. It was the St. Louis Rams were also in the
Super Bowl. But back in two thousand was dominated by dot com companies. Now, UM, the fate the future of those dot com companies wasn't too good. As a matter of fact, they're mostly all out of business right now and time will tell where UM we end up with these crypto companies. Now, most of them were from exchanges. So we saw a coin base, we saw ft X, we saw crypto, dot com, we saw e Toro, and they're all out there. I saw I saw a news headline. I don't have it pulled up, UM, but it was
I don't know. Some regulators of the United States were saying that they thought it was bad and that they shouldn't be advertising. And if it's cryptocurrency, if it's going to be currency, then no one should be advertising currency. The dollar doesn't need advertising to be used, etcetera. It's pretty ridiculous. Bitcoin there was no There was no ad for bitcoin. It was an exchange, coin based FTX, crypt
dot com, eToro, UM. And you have seen plenty of stock brokerage accounts being advertised, right, You've seen I'm sure E trade or UM you know, Charles Schwab or whatever, Robin Hood. I don't know which one is advertised, but I know for sure you've seen those over the years. UM. And so for for for that, for that US regulator to even say that, UM one, it's completely outrageous and ridiculous. But but more importantly, it shows just how out of touch they are, how little they know, or how much
they're just trying to gaslight you. Gaslights you being basically trying to lie directly to your face. UM. I would I typically lean more to the side of ignorance than U evil. UM. And so my guess is that they're that's just how ignorant they are. I mean, if you think about it, cryptocurrencies is the brand new technology. I've been studying for seven years. I'm still trying to figure it out. You're tuning in with me every week so I can help explain it to you, and uh, it's
that new. And of course any new technology, the older generation has a harder time grasping it, UM. Not because they can't learn a lot of times, typically because they're not not interested. UM. And of course younger generations pick it up much quicker. And so you know, when you think about it in those terms. It's kind of scary to think what the age of our politicians are in the in the Democratic Party. I think it's like an average age of like, don't quote me, I don't have
it looked up. It's like seventy seven years old or something like that. I mean, you got Pelosi, you got Biden. I mean they're almost eighty years old, or Pelosi's I believe over eighty years old. And these are the ones that are making laws and regulations on brand new kodonage technology that has the potential to change the world, and they don't even get it and they're making laws against it. That's a problem. It's a big problem in my opinion.
And so to see a regulator to come out and say that about cryptocurrency and say, oh, it's supposed to be a currency, the shouldnt even be advertising it, but like, no, these were exchanges, and we typically have broker just advertised.
So I thought that was pretty interesting. I saw someone else come out and said, um, in some the financial newsletter that I was reading a publication and they said, um, if you know, don't rush out and by cryptocurrency if you don't understand it, And he said, if I can't understand an asset, I can't value it. If I can't value it, I have no business investing in it. And that's kind of true, he said. I I hold on to my money and only invest in things I understand.
And that's a great point. But let me let me kind of unpack that a little bit. So first off, UM, yes, you should only invest into things that you understand a h percent. UM. I hate to break it to you, but the reality is is that investing is actually supposed to be boring. It's supposed to be boring. I know today everybody wants to gamble, they want to get their robin Hood account, they want to quit their job and trade cryptocurrencies. But investing should be boring. You should be
making a couple moves and waiting a long time. Um. The other thing is that we all need to have an edge. What does that mean an edge? Well, for me, I've been doing real estate investing for almost thirty years. UM, I know a lot about real estate investing because I've done it a lot, and I have an edge there over most people. UM. I've been studying and teaching on
bitcoin and cryptocurrencies for over seven years. I've personally researched and published over one thousand pages of research on cryptocurrency projects. I've spoken around the country with the highest level people, So I have an edge there. I know a lot about that. UM, if you're asking yourself while you're listening to this, what your edge is, then you don't have one. I hate to tell you like that, but if you don't know what your edge is, then you don't have one.
And so we all need to find an edge. If you think you're going to trade stocks and compete against the hedge funds and the high frequency traders without an edge, it's not gonna work. And so to to this this financial point, I hold on my money and I only invest in things I understand. Yeah, you should. You should only invest in things that you understand. So you don't see me trying to trade UM stocks, trying to compete against these high frequency traders. So you should try to
understand it. But what he says is that if I if I can't understand an asset, I can't value it. If I can't value it, I have no business invested in it. And and that's also true. UM. The one thing that I just want to break out is that is the valuation of it, and so UM typically I think I think where these traditional legacy financial analysts get it wrong is that they say, well, a typical company, you know, like a warm Buffett might say, UM has
cash flows. And what I do is I take the cash flow and then I get a price to earnings ratio. So I look at like what their profitability is UM, and then I divide it by the amount of stock they have, and I get this ratio, and I'm I'm basically buying cash flow. So this company, you know, UM, there a chocolate company, or let's say Coca Cola. They make they make soda, and they make this much cash flow, and I can value the company because I can see
how much profit they have. But cryptocurrencies don't have any revenues or any profit. How can I value a company with no revenue or profit. Well, the one thing that so so it is it is specultive. But the thing I'd say about that is that even using traditional metrics is specultive as well. Because let's say that I have Coca Cola and it's it's making these profits, uh, and then I give it a multiple. Is it six times profits? Is it twenty times profits, is it fifty times profits?
Where does that multiple come from? Oh, that's right speculative, So it's still specultive either way. But to to this point, UM, I do want to just kind of help you out a little bit. When you're looking at UM new cryptocurrency assets, something like bitcoin um there is no product, there is no sales, there's no revenue, there is no um profits obviously, and so the way that I look at it is more the way i'd look at like a venture investment.
So if I was going to invest into Uber in the early days before they were company, how would I know how much it would be worth? While they're gonna take on the tax industry, the limo industry, the van share right industry. Each of those industries it's a hundred million dollar industry, is a billion dollar industry, etcetera. You add them up, and if I could get five percent of those industries, I would be worth X. And so
I would also look at the same with bitcoin. So um JP Morgan City Banks that is going to overtake gold with that's thirteen trillion, Okay, So it's the thirteen x UM. There's thirty to forty trillions in an offshore bank accounts. So there's another you know, Um, let's say we got ten percent of that, that's three or four trillion that we can add in. Um, there's a half of all the bonds. Sovereign bonds in the world are negative yielding. That means they're losing money. There's another you know,
almost twenty trillion that can come in right there. Um. And so all of a sudden you go, well, if I take five or ten percent from that five five or timbercent that bitcoin could you're worth two hundred trillion. That's upside And so you would you would approach it like that. And so to his point, Um, if you can't, if you can't understand it, you can't value it. And hopefully I'm here to help you understand it each and
every week so you can start to value it. There's a lot of money that's in the stock market, a lot of money that's in the real estate market, uh, in the bond market because you don't know where else to put that money. But as more and more people wake up and say, actually, bitcoin is a better place than to be in the bond market that's losing money, or in the stock market that's that's vaultile, etcetera. We'll see more and more of that money coming in and
that's how um I think. I think that's how you value, that's how that's how I look at it. Anyway, you're listening to the markma Show talking about the intersection of politics, finance, and technology. We're talking about Bickoen, We're talking about the decentralized revolution, bringing you the latest breaking news each and every week to keep you up to date. That's it. Thanks for listening.