The Mark Moss Show Jan 07, 2022

be wondering how you can take advantage of it. And so that's what we're gonna cover each and every week. I try to bring to you the information that you need to be positioned to take advantage of it, to prosper from it, um and just be informed. Right. So I try to bring you the latest news, stories of the week, the hottest news, so you know exactly what's going on, and try to bring you some education so

you've got a deeper understanding of what's going on. And I try to bring you some of the thought leaders in the space to kind of expand your horizons. You know, they say you don't know what you don't know um, and so you need to know how do you do that? Well? You do that by increase in your education by listening to someone like me each and every week. And like I said, I'll bring on my friends and help you expand it even more. And so you know understand the news.

That's great, right, um, But but sometimes we want to dig deeper in your education. So we'll cover all of those things and more each and every week. So thanks for tuning in. Make sure to set a reminder to join me each and every week on this channel at this time. And uh and we'll do that now. If you miss any of these, don't don't. Don't worry. You can catch me on the podcast. Just look it up there Mark Moss Show on the podcast. Um. But you know,

there's a lot of stuff going on each and every week. UM, one of which is the price of bitcoin, which in my opinion is probably the least exciting piece of bitcoin. But I still talk about it because it is news, and you know, I want to keep you up to date with what is going on, what I think is going on anyway, with the price, and I talk about the price many times. If you tune in each week you hear me. Stay it. I think the price is alright. Call bitcoin the great bait and switch. You know, the

bait is the price. You come in for the price, but then you get switched and then you get switched into some of the more freedom or liberty or prosperity or equality measures of bitcoin. And so you come in for the uh, for the shallow you know, make money thing, and then you get switched into some of the deeper end of the pool, so to speak. Um. So the price is probably the least important or the least exciting thing in my opinion, that being said, um, because it

is the bait bringing people in. Uh. This week, you know, we we were down a little bit. You know, we got up, uh we kind of had this uh Santa rally as they call it, um, and we we kind of popped up before Christmas on December twenty three, got back over that fifty dollar range. And now we're just

sitting down just below that. And I think you know, for a lot of people, uh, maybe you just heard about it at Thanksgiving, uh, you know, sitting around your Thanksgiving table or you you know, maybe you got suckered in or not suckered and sucked in around Christmas at the dinner day with some family something like that. Um, And so you know, maybe you're kind of seeing it down for the first time. It was about approximately about

ten thousand dollars higher than this um at Thanksgiving. So if you came in around Thanksgiving, you know, you could be sitting on you know, about a fifteen fifteen percent loss at this point, and you might be going, what the heck happened? What I get? What did I get into? Uh, don't worry, don't worry, don't worry. Nothing goes up in a straight line, and nothing goes down in a straight line.

And uh, you know, the one thing I just bring to your attention is that if we go back in time, you know, a year ago, we were at about twenty thousand, so we're still you know, well over double about a

hundred up from where we were just a year ago. UM. And the big thing is is, uh, you know, we went all of up to sixty five thousand, and we got down into the thirty thousand dollar range, and we consolidated, so we kind of found support, cleared out some of the weekends, brought in some of the stronger hands, gained some momentum, shot back up to sixty nine thousand, and now we're pulled back and we're kind of consolidating this fifty so the consolidate thirty thousand and now consulited a

A fifty. It's pretty good improvement in my opinion. Um. You know, you don't always look at uh, the highest point in where we are from the highest point, but rather look at it, you know, as the progress as it continues to keep going higher and higher and higher and higher. So that's where're at. Like I said, if you if you got convinced to buy it around Thanksgiving, your down about on it. Um, it's not the end of the world, zoom out. Have some long term perspective now, Um.

Just like you know, if I use like a real estate analogy a lot of times, you know, like don't buy a house unless you plan to hold it for at least five years. Um. You might have heard that before, and that's because you have these like real estate cycles, and that's kind of like how long it would take to go from one cycle to the next. So you know, even if you bought it, maybe the price goes down, but within a few years it kind of goes back

up again. Well, bitcoin also kind of has these same cycles. Um. I think the longest it had ever been down I believe was um three years. So like there was like no point in history that you would have bought more than three years and been down. As a matter of fact, I might write about that. So it peaked in December seventeen and it was down to it reclaimed that November twenty. So that's yeah, three years. Three years. So it's about three years. Um, kind of like a real estate example

five years. So if you if you're if you're willing to buy it and hold it for three years, Uh, that's the longest it's ever been down in history. So I think you should be doing pretty good with that. And so just kind of have that long term perspective. Also, you know, the way a lot of people that have been in Bequinn long enough kind of look at it too, is like it's not really an investment. It's like savings.

That's where I put my money that I can't afford to lose a lot of times you hear don't invest money you can't afford to lose. Well, I look at it like, I put the money in that I can't afford to lose. I don't want to lose my money. I want to go ahead and put it in there

to hold that value. And um, what I really like to look at instead of what is happening with the price, the short term prices really look at what's going on behind the scenes, and so we like to look at it typically each and every week when I bring to you the latest news that happened in that week, because the news headlines of the weekend, I talked to you about two things really. One is the growth of the network.

How is the network growing and what is the development on the network, And so those are the two things that are going to drive the price eventually. And one thing that that that I've been looking at this week a big story is that the amount of bitcoin and where it's being held or being stored. And so um I did uh I did a segment about how to secure your bitcoin. I talked about my buddy who lost a million dollars a bitcoin on the on the coin based exchange, and I gave you tips of how you

can secure that better. If you miss that that episode, go back and check it out on the podcast. Um. But you know, the two options that you have would be one keeping it on the exchange kind of keeping your money in the bank like keeping your gold in the bank. Or two I can keep it myself. I can custate it myself, kind of like keeping your gold on your own. And we look at the amount of bitcoin that's either held personally or held on the exchange.

And the reason why that's kind of a important is that you would imagine that if bitcoin is being held on exchange, then it's more likely to be sold or traded for something else. But if it's already there, it's easy for me to just cash it in, transfer to stable coin, transferred to another cryptocurrency, etcetera. But if I have it in cold storage, meaning off of exchanges, off of you know, not acts to the internet, then I'm less likely to want to sell it or trade it

or exchange it or whatever. And so that's that's an important metrics to look at. And what we can see is that, um, we have we have just met the lowest point of bitcoin held on exchanges in history. As a matter of fact, one just one point three million bitcoin are left circulating on crypto exchanges. That's six point three percent of the total bitcoin supply is left on exchange.

While it's only six that's small. Of course, we can see that because bitcoin is an open network, so it's open, meaning, um, we can see it it's it's not it's not private, it's open, but it's anonymous, so we don't know who, you know, belongs to all those addresses, but we can see which ones are held by exchanges, and so only six point three percent are left on those. So it's drying. It's drying up right, it's drying up um And basically what that tells us is that a lot of that

is probably not going to be sold anytime soon. We can see that it's been trending down over the past year. UM. It was last year, last October was nine point five percent, by Christmas down to seven percent, and now it's all the way down to six point three and that is bullish. That's bullish. What what do I mean bub bullish? That means that's where that's that's a good sign because, like I said, it's showing that people are holding it and

they're not planning on selling it um. As a matter of fact, we can see the seven day moving average for bitcoins exchange inflow, meaning the amount of bitcoin that's being purchased and moved onto exchanges has reached us a five months low and it's continuing to trend down as well. And so what we're just seeing is these retail investors are are holding it ill liquid, right, they don't plan on selling it, and that is bullis should listen to the Mark Will show. We're talking about bitcoin and the

decentralized revolution. We're talking about bitcoin and where it's going. I want to talk more about what's happening with the miners, the bitcoin miners. Uh, it's big. You don't want to miss it. Don't go away, all right, welcome back. You're listening to the Mark Moa show. We're talking about bitcoin. We're talking about cryptocurrencies, and we are talking about the decentralized revolution that's happening, and we're talking about um, you know,

the price of bitcoin not being that exciting. And so what we want to do is we want to look at the underlying things that are happening around bitcoin. So that tells us these are like leading indicators to tell us where we think the price of bitcoin will be going, all right, and so that's what we want to be trying to kind of project protecting the future. I was

just saying that we can see the data. Bitcoin is an open network and we can see kind of what wallets are holding what and so forth, and we can see that the amount of bitcoin being held on exchanges is trending down down, down, down down, and we're actually at the lowest point UM. But we've been lessons about six percent of all bitcoin owned is actually held on

the exchange. UM. There's an old simple uh investment added to out of saying that markets stopped going up when there's no more buyers, and markets stopped going down when there's no more sellers. And so if the bitcoin isn't on an exchange, then it's not looking likely to be sold, and if there's no more sellers, the price can't go down anymore. That makes sense, and so that's why it's

the bullish news. It's the bullish news. Now, some other news that I think is extremely bullish as well is that we can see that the bitcoin hash rate nears a record of two hundred equa hash um, which is amazing. So what does that mean, Well, the bitcoin network is protected by the miners, as Michael Saylor calls it, a wall of a cryptic energy, because you have all these computers, all these miners who have bought this you know, highly

specialized computer. UM. A couple of years ago, there about three thousand bucks today these things are seven thousand and eight thousand, ten thousand dollars for a computer, and then they're spending you know, depends on the machine and where they're buying their power from, but they could be spending a couple hundred dollars a month on electricity, and so UM they the the amount of UH computer power that they used to help secure the network is hash. It's

hash rate. And in May of we saw China UM that had its kind of a monopoly on the amount of miners that were in in their jurisdiction in China over the network. They shut it down overnight and just kicked it off and all those miners had to move. Most of them moved over to UH Texas, some of

them moved over to Europe, etcetera. And so the hash rate, the amount of power computer power that was being used to secure the network, took a massive dip, right obviously makes sense when you cut off half of the network, UH makes sense, right, But as of December twenty the Bitcoin network network hash rate is the highest it's ever been. And so what's good about that is it's it's a resilience. So whenever you see the asset price UM a lot of times people say, oh, bitcoin is like the tulip,

like a tulipmania. Right, Well, when the tulip bulb, when the tulipmania crashed, it never came back. When Bitcoin has crashed over and over and over again, and it comes back bigger, it comes back bigger, and it comes back bigger. That's not the same as a tulip mania, not the same as a beanie beanie babies, right, Like, Uh, we're talking about the most encrypted, the most secure computer network

in the history of the world. And whenever it's crashed, it's come back stronger and stronger and so and to this point, the hash power the amount of people that are willing to sink massive amounts of money, like I said, it constantly upwards of ten dollars per computer and a few hundred dollars a month to run that thing. And um, if the network was dying, people wouldn't be dumping in billions of dollars to buy new computers and to build new facilities to run these things. But yet here we are.

It not only recovered, it recovered and went back to it's the highest point's ever been, which is which is pretty amazing. Um, just like I said, shows the resiliency. Now, if all of these people who are much smarter than you and I are putting hundreds of billions of dollars into this what we call capex investment capital, are investing into their long term business. These smarter people are investing hundreds of billions of dollars into this long term strategy

with bitcoin. That's very bullish, right. But what's also pretty bullish about this is there's been a big shift in the market. That's pretty cool. Now. Remember markets stop going down when there's no more sellers, right. Supply and demand drives the price of everything. So if there's more supply, then there is demand, there's more sellers than there are buyers, the price goes down. Simple. The opposite is true. If there's more people buy buying, more buyers than there are sellers,

the price goes up. Right, It's simple. So we want to look at the that that equation. Now, in the past, we saw bitcoin miners that are producing the bitcoin. We're always selling the bitcoin. They need to sell the bitcoin because they need to pay off their equipment. They have to pay for their their their warehouse, their facility, they have to pay for the electricity, the three uousine they will have to pay the employees and the business owners and all those things, right, And so as they were

making that bitcoin, they were selling it. But what we've seen is a big shift in the market. And I talked about this a few weeks ago. We saw, um, these these these bitcoin mining companies that they've all now come to the US and they're all going public and now they're raising money via public markets. And why that's important is because it's changed the makeup of this minor.

And now because they've went and raised all of this money at almost free value, zero zero interest rate terms, almost um, they're not forced to sell the bitcoin anymore. So we had a market where every all the bitcoin mind, or a good majority of all the bitcoin mind every day was being sold into the market, and there was enough buyers to buy it, you know. But what if we take that new supply away and the miners aren't

selling it. So that's what we're exactly seeing. So we see here figures from on chain analytics firm glass Node confirms the trend that the amount of bitcoin supply going from a liquid to an illiquid state is now one hundred thousand bitcoin per month. Dang that's a lot so and and it's and as a trend. So what they're doing is, um, all these miners went and got this money, they're not they don't need to sell the bitcoin anymore. They don't need to sell it, and so they're not,

uh now they're putting it away. It's moving from a liquid to an illiquid state. What does that mean? So? Ill liquid coins are those coins that have been sent to an address with little history of spending and generally associated with investor accumulation and bowl market buyers. And so using glass Note is one of the companies that you can see all of this on chain data. And what we can see is we can see, like I said, it's it's open. It's anonymous. We don't know who owns

these wallets, but it is open. We can see um all the different wallets, how many coins they hold, and we can also see how often coins are going in and out of those wallets as well. And so what we're seeing here is that what they're calling liquid coins are sent to an address with little history of spending. So they can lookally wallets and go, dang, they've been

receiving all this bitcoin, but they never spend it. All they do is they they hold, they hold, they hold, they hold, And so we would just naturally assume that whoever owns those wallets against anonymous, but whoever owns those is accumulating bitcoin. They're not like us, They're not a trader. They're not you know, they're not trying to buy and

just sell real quickly because all they're accumulating them. And so basically once they take them, it's almost like those coins there's going into a black box, a black hole, never to see the light of day again and again. Markets stop going down to the number sellers. And so they're taking a hundred thousand bitcoin per month off the market, which is pretty amazing, I think. And so you take into account that, um the majority of bitcoin is being

taken off the off the exchanges. Remember only six percent of all bitcoin supply is sitting on exchanges. And then you have the bitcoin miners taking a hundred thousand bitcoin a month off the market and moving into an liquid state. That sounds like a leading indicator that tells me in the future bitcoins should continue to go higher because there's less people selling. Makes sense. Now, there's two very very very very rich people, billionaires that have some advice for

us on what we should be looking at next. Um I like to look at the other smart people to see what they're doing. I want to tell you what these rich people are doing so you can do the same thing as them. You listen to the Mark Show. We're talking about bitcoin and cryptocurrencies and the decentralized revolution that's happening. We're gonna find out what the richest people in the world are doing next. So don't go away,

all right, welcome back. You are listening to the Mark ma Show, and we're talking about bitcoin, Bitcoin, cryptocurrencies, the decentralized revolution. We're talking about this each and every week, so I hope that you're tuning in with me all the time. Try to make it the most important, the most profitable part of your week, bringing you the latest news of the week and the weekend, to keep you up to date on the latest breaking news. And of

course I'm not gonna explain it to you. To give you, uh, give you the perspective on it that you need. We deep dive into education because you need to have the understanding of what's really going on behind the scenes. And of course I bring to you some of the best and brightest people in the space to you each and every week so we can pick their brains and we can learn from them. But today we're talking about right now, we're talking about some of the hottest news stories of

the week, so you can be up to date. And we were talking about how um simply markets stopped going down when there's no more sellers, and so we're looking at the amount of buyers and sellers and trying to understand what that dynamic is, that's supply demand dynamic is and um I was explaining how UM almost we've been seeing this trend of all the bitcoin is coming off

of exchange is being held in private wallts. And the reason why that's important is because when you pull it off into exchange, it's not liquid anymore, meaning um, you're probably not planning on selling it anytime soon. If you're planning on selling it sometimes soon, it would be on the exchange UM. And so that's super bullish, right, we're seeing all that come off. The other thing that's super bullish we talked about is that the miners are not

selling their bitcoin. As a matter of fact, now they're taking a hundred thousand bitcoin a month off of the market so again sucking the supply out. As long as the demand stays the same, but the supply goes down, the price will go up. Um, And some of these billionaires, they keep trying to move on and even harder. Now bitcoin has a you know, one of the most unique characteristics of bitcoin is that as a fixed supply cap, meaning there will never be more than twenty one million

bitcoin period. That's it. Now, Um, a lot of bitcoin has been lost, and so there's even less bitcoin in circulation, but we don't know exactly what that is. And some estimates, some people say there won't ever be more than seventeen or eighteen million in actual circulation, and probably over time that amount will just continues to go down because people continue to lose access to their private keys. I talked

about this in a previous segment. It's like in the old days, you had gold, and you went and buried the gold in your backyard or somewhere, and then you made a treasure map to that gold, and if you lost your treasure map, that gold may be stuck in the ground forever, right, And so bitcoin is kind of the same way. If you mind some bitcoin and you you secured it, but then you lost your private key, it may stay stuck there forever and so um. You know,

estimates are again. You know, maybe there's seventeen eighteen million in circulation. That amount probably goes down over time, but ultimately there's never more than twenty million. Now, let's just take the twenty one million number UM as it is, and then if we do some simple math, we can see that there's approximately fifty million millionaires in the world. Fifty million, so UM one million coins fifty one million millionaires. There's not even enough bitcoin for all the millionaires in

the world to own half of one. That's pretty dank scarce. All the millionaires can't even own half of one. Well, I own more than one, and someone else owns more than one. We saw this week micro Strategy. Michael Sailor, the CEO of micro Strategy, one of the longest running CEOs of a public traded company in the tech space. UM. He's a CEO of a company called micro Strategy, and they have been taking massive amounts of bitcoin off of

the market. As a matter of fact, they just acquired an additional one thousand, nine hundred and fourteen bitcoin, an additional UM. I think this brings them up to rough in the hundred and twenty five thousand range or hundred and forty thousand range. I can't even keep track anymore. Um, but yeah, another one thousand, nine fourteen. Now I was saying that there's not even enough bitcoin for all the millionaires in the world to even own half of one.

And so even if you just called it a half of one, well he just took another um four thousand, four thousand millionaires bitcoin away from them. See how scarce this is? Now a lot of times people ask me, I mean, especially when the price of bitcoin is pumping even more, and they say, Mark, Mark, Mark, are uh you know it always happens when when we're at the highest points at the at the halta altais mark Should I buy bitcoin right now? Should I buy? Or should

I wait? Should I wait? You know? And uh, I say yes, well yes, what should I buy? Should I wait? Yes? Just by right, just by it. And what I like to do is I like to look at the richest people. Um. I've been invested into private deals, private equity metor capital deals for over a decade and I always look at to make sure they're smarter people in on the deal than I am. Um. You know, I may think I'm smart, but I know there's a lot of people that are

smarter than me. And so I want to see if this smarter people than me are in there, um, because it gives me this kind of level of confidence that I'm not crazy. Um. They say, if you're if you're not the smartest person in the room, room, you're in the wrong room. And so I would like to look at what the smart people are doing. And so Michael, Michael Sailor is amazingly smart. He's literally a rocket scientist

from m I t UM. I've listened to hours and hours and hours of his content, and I've even been over to his house for a barbecue, and I can tell you that he is one of the smartest guys I've ever met. And so, if he continues to buy bitcoin, they bought it at this filing. They bought one thousand, fourteen bitcoin at the average price of forty nine thousand dollars.

And so if bitcoin is good enough for him to buy at forty nine dollars, it's probably good enough for you to buy at forty nine dollars if you can get it less. I mean, think about that right now. At the time of this recording, it's sitting below fort So you have a chance to buy bitcoin cheaper than Michael Sailor. That's pretty amazing. So should you buy now? Should you wait? Yes? By now? Uh follow his lead. Now,

this is not financial advice. I'm not telling you what you should do, but what you should do is, um act, if you have a chance to be smarter than a billionaire like Michael Saylor. Now he's not the only one that's been making moves. As a matter of fact, we saw Mexico's third richest billionaire. He came out and said invest in bitcoin, stay away from dollars and euros. Now, again, it's not my not my financial advice. This is what

he's saying. His name is Ricardo Salina's Plago and um he recommends investing in the bitcoin and says again he says a void fiat money. Of course, kind of echoes what Ray Dalio, one of the best investors in the world ahead of Bridgewater Capital. He says, cash is trash, don't hold cash, And that's exactly what Ricardo is saying here.

He's advised people to stay away from fiat currencies like the dollar in the euro and invest in bitcoin, calling Fiat quote unquote fake money made of paper and lies. End quote. Wow, that's a pretty hard that's a pretty hard. Uh. Terms, they're fake money made of paper and lies. He stressed that quote central banks are printing more money than ever before. End quote. Think about that for a second. He calls Fiat fake money made of paper and lies. Nikian that

lie terms. You know a lot of times people think that money is neutral money as a tool, and like any tool, a tool could be used for good or it could be used for bad. Right, So like um, a screwdriver, I could fix my I don't know car with a screwdriver, or I could stab somebody with a screwdriver, and I could use it for good or bad. And people think money is also like that. It's a tool could be used for good and bad. But not real, not really Fiat money, which is the money from our

central banks, the paper money. Fiat money, as he said, is made of paper and lies. Fiat money is made is a system of lies, theft, and deceit, meaning, as he says, is on lives. They lie to us. We don't know how many dollars there are. We don't how many dollars are today. We don't how many dollars will be in three months from now. It's deceit. They deceive us by telling us they're not going to print more.

They do print more. And it's also theft. As they print more money, as they inflate the money supply, they're stealing the value from you. So it's built on theft, lies and seat. So anything built on the Fiat money system is inherently evil. It can't be neutral. It's when it's built like that, it's incentivizes theft, lies in the seat. So that's what he calls it, fake money made of

paper and lies. So he says on Friday UM that he put he posted on Twitter UM he said happy holidays, UM, and he said by bitcoin his net worth is about thirteen billion dollars UM. And I like to take some advice from people like that. He says, stay away from f you of money the dollar of the year of the end or the pay so even says his own currency to pay. So they are all the same story. It's fake money made of paper in lines, the central banks are printing more money than ever before. Invest in

bitcoin is what he said. And he also said that he plans for his bank to accept bitcoin, and his retail chain group groupo Elektra, a leading retailer in Latin America, has also started to accept bitcoin. Are you listening to the Markmas Show. We're talking about bitcoin, obviously, UM. I'm bringing to you the latest news stories of the week so you can stay up to date. I'll be back with more. Don't go away, everyone, welcome back. You are

listening to the Markma Show. We're talking about bitcoin, of course, each and every week we're talking about cryptocurrencies. We are talking about the decentralized revolution that's happening right before our very eyes. And I'm bringing to you the latest news stories from the market so you can stay up to date with the latest breaking news. I don't want you to get shaken out like what we call these weekends. Weekends are people that don't understand what they came in for.

They don't understand what they bought. They just buy and then they as soon as as soon as the price drops a little bit or they get some bad news, they just sell. They have weak hands, um, And so I don't want that to happen to you. And the way that you prevent that from happening to you is by having the information that you need to stay in the market. And so you know, we're before the break. I was just talking about how some of the smartest people in the world, some of the richest people in

the world, multi multi multibillionaires, are are buying bitcoin. They're telling is to buy bitcoin, and they're pushing the adoption from that. We were talking about how Mexico's third richest billionaire, Ricardo said that uh, Fiat money is a system built on lies and UM. He says bitcoin is the new gold, he said, and it's much more portable. So I think that was pretty good news. Another thing that's interesting this week we saw that I ran now I ran or

I'm sorry, get on, sorry if my pronunciations wrong. UM allows renewable power plans to supply bitcoin miners with electricity. So what's interesting is UM. You know, we talk about the miners, the bitcoin miners, they have to use electricity in order to secure the network to process the transactions. And in California, we have Representative Brad Sherman who's up for reelection. I think eric I think her name is Erica Rhodes is running against him. If you're in California,

definitely vote for her. Let's get Brad Sherman out for listening to this. Vote for Erica. Get Brad Sherman out now. Brad Sherman, he has been railing against bitcoin, bitcoin and other cryptocurrencies, and he said specifically, he said, UM, I'll paraphrase, I don't have the exact quote pulled up. He said.

He said, um, bitcoin and cryptocurrencies UM undermine the authority of the sovereign currency of the US dollar, and it takes away the ability of the U S government to use the dollar as a weapon against other countries, such as sanctions. He said specifically, it allows other countries like Iran who have sanctions to get around our sanctions. What do you think a country like it or on thinks about when they hear that, They're like, really, you mean

this is a way that we can get around sanctions. Oh, thank you for telling us that, Brad Sherman. Let's go ahead and adopt it then, right. The problem with sanctions is that UM, the promise sanctions. So basically what sanctions are is that, you know, the dollar is the reserve

currency of the world. UM. Through the Swift banking system, pretty much all the dollars flow through the United States, and so, um, when the United States doesn't like another country, they slap sanctions on them, meaning that they're gonna have to pay a fee, they have to pay a fine, or they won't even be able to use the financial system at all. And they use that as a way

to try to get them to do things. So like whether it's Russia, uh, you know, on whatever they're trying you know, China, they're trying to get them to lower their terraffs. Well, if you don't, then we're gonna slap sanctions on your right And so we've put all these sanctions on Iram, and um, Brad Sherman's comes out and says, hey, you know, it's a bitcoin and cryptocurrencies take away our ability to do that, and so of course they go, really, well,

let's jump on it. And so, um that maybe what's happening, because as we can see now, authorities in Iran have decided to permit power generation plans using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order

to avoid winter blackouts. So basically, what they're saying is that now, um, they are legalizing mining and they are now allowing these cryptocurrency miners to um get get this, get this power and start mining these Um they were shutting down some licensed farms, but now they're allowing them to open back up again. Iran legalized bitcoin mining in two thousand nineteen and introduced a licensing regime for entities

operating in the industry. Um. Yeah, so it looks like they were listening to Brad Sherman and looks like they like that and they want to they want to do more of that. Um we can see that. Uh yeah, anyway, so I think that's big news. I think this what this does is this increases what we call game theory. So going back to the sanctions things, right, So let's say that I was having a party at my house and uh, someone's being too loud, so I kicked them out,

and then this guy whatever, I kicked them out. I kicked them out, I kicked them out, I kicked that. Eventually, I've kicked everyone out of the party and I'm the only one left. And all those people got together and started their own party. So now they have their own party,

and I'm over here all by myself. And that's kind of like what's happening with the United States and the US dollar is that they've they've weaponized the US dollar against um, you know, all these other nations, and they're kicking them out one by one by one by one, and all these other nations are just going, oh, gang, well, I guess we're out of the dollar. I guess we'll just deal in gold, or we'll deal in oil, or

we'll deal in bitcoin or whatever it may be. And so now Russia and are on China, they're all doing deals outside of the US dollar. And what's happening is the US dollar, the U s has kicked so many people out of the dollar system that we're going to find ourselves one of the only people left in the dollar.

And then how much power do you have, right I mean, if you're having a party numbers at your house, I mean you kind of have control of what they do at your house, because of course they're at your house, But when they leave and start their own party, you have zero control over what they're doing. And that's exactly what's happening in the US. Kicked so many people out and now we have no control and so we have

now you know, oil being sold in gold um. Now we have these other countries dealing in their own currencies UM, and now even in cryptocurrency. And so when you see a nation like China, I'm sorry, like like they're on um allowing licensing companies to mind cryptocurrencies. This is is what what I keep saying. It's the leading indicator, right, this is this is EIGG. This is something that that

could change the course of the world. And what's interesting is they say that they're allowing it to happen on plants, uh, that that run on renewable power. I didn't really take Iran for um one of the most u environmentally conscious nations. I might say, we know a few weeks ago or now,

it's probably a few months ago at this point. Now most of the world leaders around the world got together in Glasgow for what was called c o P twenty six UM where they talked about climate change and they talked about, um, how they can save the world and how we can get to zero carbon emissions by the year and don't worry, it's only going to cost about

a hundred and fifty trillion dollars to get there. UM. I don't know where they're going to get that hundred fifty trillion dollars in all, the debt in the entire United States is only about well not only, but less than thirty trillion. Now they want to go spend a hundred and fifty trillion to do this, which is kind of insane, but they anyway, the world leaders met and

China and Russia didn't show up. They weren't interested in, I guess, hamstringing their companies, forcing them to comply with some measures that nobody knows will even work and basically cripple their industries. They didn't want to do that, Russia and trying to opt it out. But I guess I don't know, maybe maybe I ran with there. I didn't.

I didn't pay attention to them, But you know, it's it's interesting that, you know, they want to pass all these e s G narratives that stands for Environmental, social and government structures, And basically what they're saying is the private sector is going to have to pay for most of this UM and so basically the private sector is now going to have to hire consultants to come in and tell them how green they are, well, what their e s G scores, and then they have to figure

out ways to comply better, and then they have to pay all these taxes and regulations for that, and um, it's just gonna make businesses have to hire more people and have more costs. And guess what happens. If business costs go up, then their prices go up. And if their prices get up, and guess what happens, then you can't buy as many goods and services with your money anymore.

And so China rush It are interested in that. We have this E s G fund that started and so now a lot of people are starting to buy was I shares e E t F and they were trading in uh is the second biggest exchange traded fund investing and sustainable emerging market companies, and uh AN E t F raises money they buy these things. And in just two days, the I shares E s g UM E t F lost nine one percent of its total assets, crashing too below seventy dollars seventy million briefly from over

eight hundred million right before Christmas Eve. So Christmas Eve was a hundred million to seventy million lost its total assets. I guess these investors are finally figuring out that you can't slap businesses with a bunch of regulations and costs and expect them to still be profitable UM, and so it's interesting to see what's going to happen with that. You listen to the Mark Moa Show, we're talking about bitcoin, We're talking about cryptocurrencies. We're talking about the decentralizer of

the revolution. We're talking about how Iran is letting cryptocurrency miners use their power as long as it's on renewable um. Bringing you the latest in the news. Thanks for listening.