The Mark Moss Show - Let's Talk Currency

what is happening right now. It's always technology that changes the world. The politics and the finance move around that, and so we like to look at those three things so we can kind of give you the play by play. And there's a lot happening. There is a lot happening right now in the bitcoin space, and it's in the economy overall, in the monetary system. I mean, we see

stocks plumbing, dropping like a rock. We see currencies, nation's currencies around the world literally crashing and collapsing all around us. The bond markets are blowing up, and why well, that's exactly what we're talking about. We can see that the US dollar has been getting stronger and stronger and stronger. As a matter of fact, it's at the strongest point it's been at in a very long time. But what does that really mean, right, Like, great, the dollars getting stronger,

but it's getting stronger against other currencies. It's not getting stronger in terms of purchasing power. So it's back up to probably the highest point it's been since two thousand and seventeen, which is quite a while. But what that means is that other currencies are getting weaker it. What it doesn't mean is that the dollar still buys you less goods and services than did before, but the dollars

getting stronger. And that's because, like I said, all the other currencies, the Japanese yen is like literally falling off a cliff, like about to implode. Of course some of the and that's Japan. That's that's a serious hearings currency. The Euro is crashing like a rock. I mean, it's insane how fast it's falling, which is why the dollar is shooting up so high. So currencies are crashing, countries

are crashing. Sri Lanka just just fell, Peru's falling, Lebanon fell, I mean, it is, it's just catastrophe all around us. And then we have tech stocks, I mean, the tech stocks, which were the darlings I'm talking about Peloton is down eighty eight percent. Eighty eight percent, that's like, that's series. That's a great depression level numbers. Eighty eight percent. Zoom Zoom, which, of course you know what Zoom is down today was the was the darling stock that blew up during the pandemic.

Everybody's working from home using Zoom. It's down eighty three percent. Shopify again, right, everybody's buying stuff online. Shopify blew up. It's down seventy five percent. I mean, these are depression era numbers. The market's super turbulent, the bonds are crashing, nobody wants to buy the debt. But while all that's happening,

Bitcoin's just kind of hanging on like a boss. I gotta say, you know, if you listen to my show in a regular basis, you know I don't talk about the price of bitcoin all that much because I think it's one of the least interesting things to talk about. The way it's changing the world. The development of the technology, the adoption of mind share that it's sucking in from those world those are exciting to me. The price, you know, the price is doing this thing. It's getting there, and

it'll take care of itself. But man, when the whole financial world is melting down, like I said, literally, these tech stalks are down eighty eight percent, that's insane. Currencies are are literally blowing up like the end the Japanese yen. I mean it's one thing like Serlanker or Lebanon what I'm talking about the Japanese en, I'm talking about the euro. And here Bitcoin is just hanging on like a boss sitting at forty thousand. Now you might go, Mark, but

that's that's that's bad, right, because Bitcoin was was. It's down. It's down from you know, sixty whatever, it hit sixty five thousand, sixty nine thousand, it's down from that. How can you say that's good? Mark? Well, I mean it briefly hit that. I mean it briefly hit that. Right. If we go back, you know, two years ago it was like seven thousand. So to go from seven thousand to forty thousand's pretty dang good. I guess it depends if you're a glass, a glass half full or a

glass half empty kind of guy. I might look at a glass and go, shoot, man, I got a glass half full of water, and you might go, yeah, it's you have a glass half empty, and so yeah, I mean it did briefly, it did briefly hit that that level. But that's that's the that's the high water mark. Like I said, I mean, it's up two years ago it was at seven thousand, and now it's at forty thousand.

But like I said, more importantly, what I'm saying is that when the whole world is melting down, literally one of the biggest economies in the world, Japan's currency is failing, the Euro failing tech stocks, the darlings, the zooms, the shopifies are down over eighty percent, and Bitcoin is just sitting there in forty k like a boss. I'm doing pretty good. Now could it drop more? It's sure could.

There's plenty of people with opinions about it. You can find no shortage of opinions every day all across Twitter. You can find people saying that bitcoin's gonna drop to twenty thousand, or twenty five thousand, or thirty thousand. But then you know, across CNBC and Bloomberg you have people City Bank and JP Morgan saying it's gonna hit one hundred thousand, one hundred and forty thousand. Your guess is

as good as anybody else's. But what I like to see is that typically Mark, these academics want to make these things too complicated, and things are actually very simple. Let me break it down for you. Markets stop going up when there's no more buyers. Imagine that, they also stop going down when there's no more sellars. Imagine that also, when bad news doesn't drive the market, it's also a good sign. So here we are full of bad news. The world's melting down, the current and sees at the world.

They're crashing, the euro, the yen, the best stocks, the zoom, the shopify as they're down, the bonds are blowing up. And Bitcoin is just hanging on now. Like I said, it's the least important thing. If the price drops to thirty thousand or twenty thousand, I don't really care. I'm not thinking about it short term like that. I'm thinking about a longer term. But I do like to see that, like I said, it's just hanging on, sitting at that

support line now. I had previously sat on a support line back in May, kind of made a July of last year, and had really found support at this U thirty thousand area. And here we are about not even about about ten months later. Now it's finding support at this forty thousand, So that's what I look at. That's progress. It made support last time at thirty thousand, now it's making support at forty thousand. I like that. Higher lows is what we call that, and that's just because there's

so much good. Like I said, when the whole world melting down, bitcoin is proving to be that stable asset for us. And it's no surprise. I mean, more and more people, more and more companies and countries are jumping in on this. Of course, I've talked about many times. El Salvador has made it legal tender, and there's been a lot of speculation about which country will be next, which country will be the next one to come on board. I've talked a lot about some speculation about which countries

it is. I've talked about some states in the United States maybe getting on board, and we've actually seen it. I speculated that I thought Mexico might be the next one, and I'm wrong. Mexico does have a bill that it's presented, but it hasn't been passed yet. But this week two other countries jumped ahead. They put their hat in the ring.

And it's not just not just two other countries. One of the one of the fastest growing cities in the United States decided to jump in, and we saw one of the largest financial institutions in the United States are I'm actually in the world with eleven point three trillion dollars eleven point three twillion dollars in assets jump in as well. A lot of stuff going on, which is probably why bitcoin's hanging on like a boss. At forty thousand,

you're listening to the Mark Mos Show. We're talking about bitcoin. Of course, we're talking about this decentralized revolution the world is going through. We're talking about how bitcoin has been hanging on in the world as the world is crashing. And I want to tell you some of the exact reasons why I think that's happening. A couple of countries have brought it on. The largest asset management the worlds brought it on. Some of the cities in the US

have brought it on, and so much more. Don't go away, all right, welcome back. You're listening to the Mark Mos Show. We're talking about bitcoin, We're talking about cryptocurrencies, We're talking about the decentralized revolution. We were talking about before the break, how the world is melting down literally currencies like the euro and the yen. We've already seen the small countries below up, but now the big countries like the Euro

on the and are blowing up. The bond markets crashing, and then the big tech stocks Peloton, Zoom, Shopify, they're all down more than eighty percent. That's depression era numbers and bitcoins sitting there like a boss forty k just kind of sitting there at support. Now. It could go down more, it could go up more. I don't know, And to be honest with you, neither does anybody else. Neither does anybody else, So you know, we'll see. We'll

take it for what it's worth. But I was talking about how El Savador was the first country to actually make it legal tender, which is a pretty big deal. I've been down to El Savador a couple of times. It's amazing place. I'm a surfer, so they've got good waves. I've been going down there quite a bit for that. But I've been we've been speculating which country is gonna be next. Like I said, I thought it would be Mexico.

They do have a bill in place. It hasn't been passed yet, but it looks like a couple of things. So one we saw Panama through their hat in the ring, and they have a bitcoin bill that's gone through its three stages of debate, went through three levels of Congress, got passed by Congress in Panama, and is now as of now by time i'm recording this, that it's on

the President's desk to be signed. Now, what I like about this bill that's different than the bill that happened in Pana, I'm sorry in El Salvador is that El Savador made bitcoin legal tender. Panama is just trying to make it legal, so it's different, not legal tender, they're making it legal. What's the difference, Well, legal tender means that if a country labels something as legal tender, then that means everybody in the country has to accept that

money for a good or service. So in the United States, for example, the US dollar is legal tender, and so if you have a business in the United States, you have to accept dollars. In El Savador, they use dollars and they use bitcoin now, and so every business now has to accept bitcoin. So now in El Salvador, if you go to McDonald's, you go to Starbucks, you can spend your bitcoin there. They have to take it. In Panama, they're doing something different where it's not legal tender. It's

just lea goal and so what does that mean. So basically, because it's legal, they're not going to tax it as property and that's a big deal. So for those of you that don't know, bitcoin is considered property by the irs, and so that means that just like any other property, which would be real estate or gold, or stock like Tesla stock or Apple stock, if you own any of that property. If I buy Apple stock at you know whatever, a thousand dollars and I sell it at two thousand dollars,

there's a thousand dollars a profit. I OT tax capital gains tax. If I buy a house for one hundred thousand and sell it for two hundred thousand, that one hundred thousand dollars gain that profit I at tax capital gains tax. Same with bitcoin, same with gold, which makes it very difficult to use it as a currency because then I have to pay tax every single time I

use it. But Panama said no, we're gonna make it legal, and so there's no no cap gains tax on it, but it's not legal tender, meaning we're not going to force merchants to accept it. So that's the big difference, and I like that. I think it's actually a better way to do it. As a matter of fact, I tweeted that out. If you're not following me on Twitter, you should. What are you even doing? You can find me on Twitter at one Mark Moss, send me a message.

Let me know you're listening to me on the radio. I'd love to hear it. But I tweeted it out and I said, I think this is a much better way. And the reason why I like this better is because I'm a freedom maximist. I'm a freedom maximist. I believe in freedom. I believe in letting everybody choose what's best, what's right for them, and so I'm not really up for forcing anybody to do anything. So we don't need bitcoin to be legally made legal tender already right now,

anybody can accept bitcoin right now. My business I can accept bitcoin if I want. If you have a business, you could accept bitcoin if you want what it could accept it. We don't need a law for that. Making it legal tender forces people to now accept it, and I'm not for that. I don't think that's the best

way to do it now. I do like what they're doing in Panama, because they said, what we're doing is we're taking away we're making it legal, We're taking away the tax piece, which then allows people to start using it more. And then of course, if the market wants it, then the merchants will start accepting it. Right If more and more people going to these merchants and say, hey, I want to pay on bitcoin, then those merchants will eventually accept that bitcoin. But they're not forcing it, and

so I think that's a better way to do it. However, like I said, it's it looks like it's going to go through. It's made it through three levels of Congress, but it hasn't made it through all the way. And but but that doesn't mean that it's not happening in other countries. As a matter of fact, we saw this week, we saw that a nation in Africa adopted bitcoin as a legal tender. We can see Central Africa Republic becomes the world's second country to adopt a bitcoin as its

official country. The Central African Republic has legally recognized the use of cryptocurrency after the President approved a law adopted by deputies last week that has also made bitcoin an official currency alongside the West African CFA franc in the African nation. That is really big news, really really big news, for a couple of reasons that maybe aren't obvious right off the bat. Now, part of the reason why is because it says that made bitcoin an official currency alongside

the West African CFA franc in the African nation. Now do you know what that means? Most likely you don't, and that's okay, it's okay, But I'll explain to you the sea. What is the CFA frank? Have you ever heard of that? Well, have you ever heard of the frank? Well, the frank used to be a currency that failed, like all the other ones of France. Did you know the France used to have its own money called the frank. Did you know France doesn't have its own money anymore?

It now uses the Euro. That's right. But what happens is you ever heard of colonialism? A lot of people think that capitalism is bad because capitalism is colonialism. That's false. Let me explain that capitalism is a system that one protects private property rights. Two it's free and voluntary exchange. Colonialism has neither of those attributes. Colonialism doesn't respect private property rights because you have another nation basically taking over

a smaller nation and extracting their values. That's not recognizing property rights. And two it's free. It's a free exchange, free in volatary exchange. And so a colonialism doesn't have that either. But what's happening in colonialism is you have these rich nations through Europe going to smaller nations throughout you know, the Islands and the Caribbean or throughout Africa

and colonizing them. Basically say and we now plant our flag here, and now you're part of our big country, and now we're going to bring democracy to and now you're going to use our currency. And so they make them use their currency, and then they just start extracting all their wealth, basically taking their minerals, taking their gold, taking their seashells, taking whatever they have from that country in exchange for their fake, worthless Viat currency paper. And

so that happened. France did it, England did it, a lot of in the United States did it. We've all colonized countries. But in Africa. All these countries use the CFA franc, so they're they're forced to use the franc, which isn't even a currency anymore. France doesn't even use it. They use the Euro. Now, it would be one thing if these these colonies were forced, you know, we're able to switch to move to the Euro. But no, they're

still using the franc. And the reason why that's so bad is because while France can't control their own currency in France, they can control these nations. And so what they do is they on a regular basis they devalue it and they just tell everybody in the in Africa up, you know what, your money just it buys half as much as it did before, just instantly, and just instantly, people are lose half as much. You're listening to the Mark Moas Show. I'm explaining this CFA frank and saying

how they've adopted bitcoin. But there's other big news. As a matter of fact, one of the largest asset managers in the world just adopted bitcoin. I'm gonna explain that and more when I come back. You're listening to the Mark Moas Show. Don't go away. I'll be right back, all right, Welcome back. You are listening to the Mark Moas Show, and we're talking about bitcoin, We're talking about cryptocurrencies.

We're talking about the bigger picture, which is the decentralized revolution that the world is moving through, and we're talking about it through the lens of looking at politics, finance, and technology and how they're all converging and changing the

world as we speak now. Before the break, I was specifically talking about how this West African Central African Republic is the second country to now make bitcoin legal tender, and I was explaining how it was really big news because they made biquinn an official currency alongside the West African CFA franc. And I was explaining what that CFA franc was, and so basically it's, you know, the old French money that they colonized Africa with and they made

Africa uses money. However, France doesn't even use that money, or now France uses the Euro. But they're still forcing these people to use their money, and of course they do that because then they can devalue it on them. They can say, oh, now the money's worth half as much, and now we can buy twice as much of your goods and services from you. See how that works. France is like, oh, we need more raw materials, more commodities for our economies. What we'll do is we'll just devalue

the currency. So now we can just go buy twice as much as we as we did before. But that means all the people in that African nation lose half their money, lose half, no control on their own just because France as I do that to them. It's an insane system that should not be allowed to stand. It's it's insane if people even knew how how it worked. And so I'm outraged by it. You should be outraged

by it. You should look into it more. But what I'm what I like is that now they said, hey, we're going to now use bitcoin alongside the CFA franc. And so what could happen now is if all these people decide to hold their wealth in the bitcoin instead of the CFA franc, then next time France comes and says, oh, we're going to devalue your currency so we can buy twice as much goods and services from you, it won't matter because they don't have their wealth in that they'll

be insulated. Now that may seem like a crazy, insane system and it is and it should be changed immediately. But if you're listening to this in the United States, which I'm sure you are at this point, your government just did the same thing. You just lost thirty percent of your purchasing power in the last twenty four months. You should be outraged at that. And guess what you can do the same thing that they can do. Now. You could just hold your wealth in bitcoin, so you're

not affected by it. Pretty interesting, right. It says here that the President validated the law Wednesday, saying that the exchange rate between cryptocurrencies and the FAA, which is the CFA franc is freely determined by the market. Tax contributions can also be paid in cryptocurrencies through platforms recognized by the government, it said. It said the country is now the quote first country in Africa to adopt bitcoin and

the reference currency. So what would be really cool is, you know, very quickly these other African nations that are using the CFA frank go, wait a minute, that's pretty dang cool. I mean, we don't just have to have our money just stolen from us that will because of France. Uh yeah, we want to do that too, And I

think that's what's going to happen. So the Central African Republic is the world's poorest countries, Corny, United Nations has been a state of insecurity and increasing violence for nine years. What do you think happens to a country when you continually still their wealth and you make them broke. Yeah, it leads to insecurity and increasing violence. It's not rocket science. This goes back to on the last section I was talking, I played a quote from the IMF head Christina and Georgeilia.

She said, we didn't take into consideration the effects of our our actions. We knew printing money would cause this. Yeah, like in Africa, state of insecurity, increasing violence, that's what happens. It says the government controls the capital, but much of the country is controlled by armed groups. And so even though it's one of the poorest countries and so it won't move the needle that much on buying the amount of bitcoin. It's a step in the right direction, that's

what I like about it. And so we got Panama coming on board, we got Africa already on board, and so it's happening really quick. We also have Texas, the state of Texas as a boss stay of Texas don't care stay of Texas, you know, don't mess with Texas. They're gonna they're gonna build their own electric electric grid. They're gonna have their own money, and they're gonna do things their own way. I like that. And they have become the biggest beneficiary. They become the biggest the biggest

bitcoin mining center in the world. And Fort Worth, Texas, which is one of the fastest growing cities in the world, has now decided to take it a step further. Fort Worth, Texas is now the first city government in the United States to mine bitcoin. They're going to do it on their own and an almost poetic devotion to the initiative. Mayor Mattie Parker oversaw the construction of a small mining farm in city Hall. So it's small, it's not a lot.

They only bought. They got three rigs, three bitmin bit main an minor s nine rigs. But they're gonna run twenty four seven and it's gonna make a little bit of a little bit of money for him. But it's not about the amount of money that they're doing. It's about trying to prove the model right. It says here that they Fort Worth wants to start small. According to the mayor, they want to start small. There's a lot

of bureaucratic red tape. They had to go through a lot of risk of trying to do something like this, and so they thought they would just try and start small and then see what happens. They're going to mine bitcoin. They added bitcoin to the city's balance sheet. So the city, like you probably hopefully holds savings, that's their balance sheet, they're gonna hold bitcoin as well. Parker is the city's first ever millennial mayor. See what happens when you get

eighty year old people out of office. Now, nothing against old people. I mean I'm getting old myself. Nothing against old people, and I love I love old people. But the problem is when you have I think the average age of the Democratic Party is like seventy two. I want to say, it's insane. You know, we have a Nancy Pelosi. I think it's like eighty two. Don't quote me on this. I think it was like Diane Feinstein, it's like eighty nine. Biden as he's seventy eight or

seventy nine. And even if they're sharp, which none of those three I mentioned are, they don't even know their names. Biden's on stage shaking hands with the air. I mean, it's just it's it's elderly. It's elder abuse, is what it is. Really, haven't Biden. Oh, that's a whole other subject. But even if they're in their sound mind, like Donald Trump, he's older, but he you know, he could talk for hours.

He's sharp. They don't get technology, they don't get the way the world has been changing, and they that lack of information causes them to see the world in a different way and make policies. And they're passing laws that are restricting groundbreaking, life changing, world shaping technologies that are going to affect my kids and grandkids. And so here we have the opposite of that. We have a I

think the Republican Party. I want to say the average ages like forty two versus like seventy two in the Democratic Party. But anyway back to here Parker. So she's the first ever city's first ever millennial mayor. And so you have a millennial mayor who comes in and she gets that the world is changing. She gets and I don't know whether she's a Republican or a Democrat doesn't say that here, And I don't really care it doesn't

really matter to me. I don't I don't like to put I don't like to align myself with either of the political parties left or right, red or blue, Republican Democrat. That's all the same to me. I believe it's I believe that's all kind of a scam. The only difference is the individual and the collectivist. All of politics, in my opinion, are collectivists. They're all trying to get mob rule kind of a thing going. I want to recognize

the rights of the individual me. So anyway, I don't care what she is, but she's the first ever Minela mayor, and you can see how she makes these types of decisions that could be massive for the impact that it can have for the state of texts, for the city, for the state, and even for bitcoin. She says, we want to change that conversation. We believe that tech innovation, including cryptocurrency, is the way we're going to do that. So she says she believes they want to change the conversation.

She believes in it. He said there was a lot of policy that had to be jumped through. They wanted to make it happen. The Texas shoutouts to the Texas Blockchain Council. I've been talking to those guys quite a bit. They've done a lot of good work. They really push this through to make that happen over there. So shout out the Texas Blockchain Council for helping get that done. They donated three of these mining rigs to help this

get going. But she said that basically the idea is just to break in, kind of get your foot in the door a little bit. She said, we're the fastest growing city in the country. There's so much excitement about it. We want to keep that energy going and push ourselves differently, and she thinks this is the way to do it. Said, after six months, we'll reassess and then we'll decide whether it's to sink in real costs into building out the mind. I love that, you know, let's just test it out

a little bit and see how it goes. And like I said, shout out to Texas Blockchain Council President Lee Bratcher working with these bitcoin miners across the state really doing a good job to make Texas the capital there. I mean, listening to the Mark Mos Show, we're talking about some of the biggest news breaking in the bitcoin and decentralized space going today. I got a lot more to cover when the intersection of politics, finance and technology to show you how this world is changing when I

come back in a second. So don't go away, We're back, all right, Welcome back. You are listening to the Mark Moss Show. We're talking about bitcoin, We're talking about cryptocurrencies, We're talking about the decentralized revolution, and I'm bringing you so the latest breaking news that's been happening around the world, showing you the play by play of how this is

all happening. Now, you know, we'll talk about the political stories, we'll talk about the financial stories, we'll talk about the technology stories because they all play in together and it just depends, you know, different things and moving the markets at different times, and there's different things to talk about. This week, we've been heavy, heavy, heavy in what's been going on, specifically with bitcoin and cryptocurrencies, because man, there

was a lot. We've covered a lot. We've talked about how we've now we're on the race. Well, we've seen the second country now make bitcoin legal tender in Africa, so Elsava will being the first one. Now we've got Africa coming on board. We have two other countries that are fighting to put it forward. Next Panama has a bill that's on the President's desk ready to be signed. Panama could be the third. Now, one thing I didn't say about Panama earlier is that Panama is one of

the top banking centers of the entire world. Sorry, I didn't look it up ahead of time. I think it's probably two or three, number two or three, I'm guessing somewhere in that range. Definitely top five. And it also, you know, because of the Panama Canal, it moves an enormous amount of product gross domestic product through the Panama Canal, and so you know, the ships don't want to sell all the way around Cape Horn of South America, so

they cut through the Panama Canal. So all the goods that are coming, you know, to the US that want to get over to the East coast to Texas over to the East coast, or from the East coast over to the West coast, they all get through the Panama Canal. So there's an enormous amount of money moving through there, which is why it's got one of the best banking centers in the world. So when we talk about you know, this little country in Africa, and that's just a little

drop in the bucket. It's a spec right. What I like about it though, is that they're they're a colonized nation that's used in the CFA, the franc which is the currency that's not even around anymore. And what I like is that if they do it, then we'll see, well, one, it's a lifeline to them, and so even though it's a small country, it can really make an impact on those lives. And in my opinion, every life counts. If

we can save one life, that makes the difference. And so even to the small country, it makes the impact to them, but it could lead to other countries there they are also colonized and being forced to use someone else's currency. It leads the door to them moving into it, which I like. But Panama is a different story. Panama is massive, right, Like I said, they're one of the top banking centers in the world, and so that builds on the president's desk, and that looks like you go through,

it's already made through three rounds of congress. And then we talked about fort Worth mining bitcoin, big big, big big deal mining bitcoin because Texas has is one of the biggest economies in the country. It's become the bitcoin mining center of the world. And Fort Worth is one of the fastest growing cities in Texas. So that's a pretty big deal. Another big deal that happened is, uh Fidelity.

Have you ever heard of that company? Fidelity? You probably should have because they're like the largest asset manager out there. You know, they run retirement accounts, four oh one k's, you know, investments whatever. Well, a lot of people don't know though it has. Actually Fidelity has been involved with bitcoin for a long time. I think, I want to say maybe twenty sixteen. Fidelity has been involved and they

started mining bitcoin very early. They started up their digital asset services very early, so they're actually one of the pioneers. But they announced this week that they're offering their four oh one K investors access to bitcoin. That's big news. How big of news is it, Well, let me break it down. They are the first retirement plan to do so,

and they're not small. They're the nation's largest retirement plan provider, the largest nation's largest and Fidelities decision could make bitcoin and cryptocurrencies even more popular in mainstream than they already are. Which of course they will, and it is a massive move. The crypto offering will be available well for twenty three thousand different employers, twenty three thousand employers that use Fidelity to administer their retirement accounts by mid year twenty twenty two.

So that's in the next two to three months. Potentially, maybe in the next ninety days, we'll see that happening. Drum roll. Let me give you the number here, with eleven point three trillion, eleven point three trillion dollars in assets under their administration. So let's just think about that for a second. So the entire bitcoin market cap right now, I'm guessing off top of my head is about eight

hundred billion. Let me look it up exactly. Yep, seven hundred and fifty six So actually less seven hundred and fifty six billion dollars three quarters three quarters of a trillion, and Fidelity manages eleven point three trillion. So let's say that ten percent of that ten percent of that where to come over. That's a that's that's one over one trillion dollars one point one trillion. I could almost that could I mean, I don't even know that could it

doubles the amount the value of a bitcoin. But that's not how it works, right, So the market cap is the valuation. That doesn't mean that's money in. The valuation is different. So for example, let's use that easy explanation of this. So let's say that let's say that there's five four of us, and we all owned a house, and we had we each had our house for sale

for one hundred thousand dollars. But then I needed I had I had to I had to have to have to sell my house for some reason, I'm forced to sell it, have to move, I have a divorce, something like that. So I gotta sell my house fast, so I'm gonna drop it to seventy thousand dollars. Well, now my household for seventy thousand dollars. That appraisal comes in, and now all the other houses valuation drops to about,

you know, seventy eighty thousand dollars as well. That doesn't mean that all that money got sucked out like someone withdrew that money. That just means that they're just worth less now because someone sold for less. Likewise, to be the opposite, let's say that I sell my house for two hundred thousand, Well, then it pushes the valuation of all the other homes up doesn't mean money came in, it just means the valuation went up. And so that's kind of the way the market caps of all stocks,

So whether it's Apple or Tesla or Bitcoin works. So if we were to get a trillion dollars to actually come in to the to bitcoin, the market cap or the valuation could go up, you know, many times, four times, five times, ten times higher than that. So when you see a number like that, it's it's exponential because it's supply and demand. If you don't have that much supply, but you have a lot of demand, the price goes up.

I gave this example earlier where if there was one house for sale and there was ten people trying to buy the house, the price of the house would go up. And so there's not very much bitcoin for sales. A matter of fact, there's almost no bitcoin for and so if we had a big catalyst like this, it could push the price up like crazy. And that's what could potentially could happen. Fidelity is the nation's largest retirement plan providers.

Decision could make crypto even more popular, and Mainstream has said quote there is a growing interest from plan sponsors for vehicles that an able to provide their employees access to digital assets and defined contribution plans. So they're saying that there's massive demand for this. People want it, and

of course they do. They're witnessing, you know, some of the greatest returns they've ever witnessed in their life on this new asset class that's been taking off, and they've been prevented from taking part of it, and of course they want to get into it, and so they are. They though the market has spoken, they've demanded it, and here they are, says Cloud and Intelligence for micro Strategy will be the first employer to offer bitcoin and the

retirement plan. Of course, I've talked about micro Strategy many times. Micro Strategy is headed up by the CEO, Michael Sailor. He's the longest lasting CEO a tech company, billionaire. He's one of the biggest proponents of bitcoin. If you've listened to anything he said, he's amazingly smart, and if you haven't, then you definitely should. You could just look him up on YouTube or something. Michael Saylor for micro Strategy. I've had the pleasure of going to his house for a

barbecue twice now. So that's pretty cool. But anyways, no, no, no surprise that they're gonna be the first company to offer this micro strategy. Was the first company to put bitcoin on its balance sheet. So a company, a business, they hold, they have savings. Of course, they keep money in the bank in case they need it. And they had about half a billion dollars sitting in the bank and he's like, dang, this money is just like a melting ice cube. It's just losing value. I'm gonna put

it all into bitcoin. And he did famously, and uh, he's been he's been popularized from that, so it makes makes sense. It's not a surprise that they're the first company to do that. However, regulators urge caution, caution, caution, caution. The Department of Labor asked fiduciaries to exercise is extreme care. Please please please. Let me just tell you, anytime you're putting money in you're risking it. If you put money into the darlins like Zoom and Shopify and Peloton, you

would have lost eighty eight percent of your money. And I bet you a lot of these plant administrators had your money in those stocks or in arc or something like that. So there is caution. Always be careful, but there's risk everywhere. You're listening to the Mark mo Show, we're talking about some of the latest breaking news in the space of bitcoin, cryptocurrencies, the decentralized revolution. Thanks for listening.