The Mark Moss Show Mar 16, 2022

know it. And you can either bury your head in the sand and not pay attention, and or you can you can pay attention. You can take advantage of it. I like to say that the ostrich can bury its head in the sand, but it can't stop it from being eaten. And so um, as iron Rand would say, you can choose to ignore reality, but you cannot ignore the consequences of reality. So you might as well pay attention. Uh, it's pretty interesting and so I guess that's obviously, which

is why you're listening to me right now. So thanks for tuning in. I got a lot to cover um in the next hour, because there's so much that is happening in the world right now, and so we'll just go ahead and jump right into it. UM. One of the biggest pieces of news this week was this UM executive order, this executive action that was wit we have been waiting on for the from from the White House UM and really, UM, they finally put it out and it was kind of not a big deal. I dug

in super deep into a previous segment. If you want to know more about that, you can and you missed it, then you can check out the the podcast coming out

this week. But basically, Joe Biden signed this UH first of its kind they say, executive order on cryptocurrencies and basically just said they directed federal agencies to coordinate their approach on the sector and there was UM it didn't lay on anything specific to do, but rather things they wanted to go look at, and it just directed all these different federal agencies to start coordinating their efforts to start doing this UM. And really there were six areas

that they really wanted to focus on. There was, like I said, there wasn't any new regulations, more just coordinate everybody to move forward. UM. And they said six key priorities for the administration were one protecting US interests to protecting global financial stability, three preventing illicit uses, for promoting what they call responsible innovation, uh, five financial inclusion, and six US leadership UM. And so that's that's the areas

they want to focus on. I think most of that is just a bunch of words salad doesn't really mean anything. I'm guessing we're gonna see a lot more coming out of that. But you know, the markets responded pretty well, and actually bitcoin kind of bounced up on the news and it's kind of sold off a little bit. But um, the market basically agrees with me that it wasn't a

really really big deal. And I think at this time, at this point in time in the world right now, we have way bigger things to focus on, and maybe that's part of the reason why, um, this this executive order just kind of fell on deaf ears, if you will, uh um. And so what are some of these much

bigger things that we're talking about. Well, at the same time as this is coming out, we saw the same week we saw the United States government, the b l S, the Bureau of Labor Statistics put out the new inflation numbers, the c p I, that's the Consumer Price Index. UM. I like to call it the cp LIE because it's all a lie. Um. And basically they put out the CPI, the Consumer Price Index, and it says that inflation reached seven point nine which is the highest prices in forty

years or so. They say, well, or so they say, let's talk about that for a second. So they said that rising energy. Uh duh. Unless you've been living under rock, you know, energy prices are going through the roof. Now if you think they're high in the United States, where in Los Angeles gas prices are up over seven dollars a gallon, um, that's nothing you should see. Over in Europe they have U if you convert into dollars, they

have gas that's over ten dollars a gallon already. Um. But they have like natural gas is up over a thousand percent, up over a thousand percents. Anyway, rising energy, of course, rising food and services pushed prices past the highest level we've seen in four decades, seven point nine percent annual rate. Now. It's interesting about this, though, is that it says, uh that this CPI number hasn't been this high since it was eight point four percent in

January of ninety two. And in January two, a couple of things that are interesting about that. So one, that's when when the nation was in a massive recession and it was trying to tame what had been double digit inflation. So um, they had raised interest rates super high to bring inflation down, and so we were in this strange period when that was happening. Um. But what's more important about this is they use this cp I consumer price index to measure this inflation. And so basically the quick

version story of this. If you went to the grocery store and you bought a basket of goods. So you put your gallon of milk, and you put your thing of cheese, and you put your steak, and you put your whatever, right, all the things that you would typically buy. That's a basket of goods. And then what you do is you track that same basket throughout a period of time, and then you see what the changes in the prices are to that basket of goods. Of course, there's things more,

there's more things in there than meat and cheese and steak. Um. But um, that's basically the way it works now. But the problem is that, well, the problem for us was get trying to get good data and not the problem for the government is that they have changed the way they calculate that basket of goods. So there was a massive overhaul to that in the eighties. Then there was another massive over hall to the CPI basket in the nineties.

And so when we say that it hasn't been this high since two and it was eight point four percent, it's actually wrong. You could say it's misleading. I say it's a lie because we've changed that basket. So there's several ways that that's done. So for example, there's like a substitution. So because steak got so expensive, let's substitute the steak out and let's put hamburger meat there. Okay, well, hamburger meats gotten too expensive, so let's put like soy

protein there instead. So um, they say that the price hasn't really gone up much, but I'm eating p sludge instead of steak like I used to. So they've substituted out, so it's not tracking actual. That's one example. Another example would be like with homes. Home prices have gone up like crazy, obviously, um, but the rents haven't gone up

quite as high as the homes have. And so what they do is they use what's known as a homeowners are rent equivalence, So it's not how much the price of the home one up, it's how much the renter thinks they could rent the house for. And they do that through a poll. They just ask people. No, I

don't know who they asked. They didn't ask me, but supposed they ask homeowners and it's up to them to tell them, which is kind of strange because they could just use national statistics and they could actually get real data, but of course they don't want to do that. UM. So for example, they say, UM, rent went up by like I think, three and a half percent, but we know that in Gilbert, Arizona went up a hundred and

eight percent. We know that in a few states, a couple of states saw over fifty percent increase in rents. So where do they get up with a single digit inflation for rents? That's why I call it cp lie UM. And if we look at if we go back to the way they calculate if we took the same basket of goods they checked it in ninet and looked at today. UM. There's a company, there's a website you can go to called Shadows Stats, and they tell us what this is.

UM we're really over I think sixteen percent inflation. UM. So if we go back they say it hasn't been the high since two. Well, if we use in nineteen two statistics, we're actually up over and so UM. As inflation continues to reach higher, people are looking for inflation hedges, and of course bitcoin is one of those amazing inflation hedges.

And the reason why it's because there can never be more than twenty one million people want too good out of the money that continue increases inflates and go to something that doesn't Like gold has been that hedge for five thousand years, which by the way, is breaking out to new all time highs as well as well as something like bitcoin that has a fixed supply cap. UM. I have a lot more news I want to cover.

I have a big, big, big article that really the death of the financial system as we know it has here and we're moving into a new system. Over the last week that's happened, UM. I want to talk about trust being lost and some bitcoin price predictions. When I come back a lot to cover. You listen to the Markma Show talking about the decentralized revolution, bitcoin, politics, finance, etcetera. And I'll be right back with more. Don't go away,

all right, welcome back. You're listening to the Markma Show. We're talking about the decentralized revolution. We're talking about the world changing right before our very eyes through the intersections of politics, finance, and technology. Those are the key drivers that are changing the world. If you're not paying attention to that, then you don't know what the heck is going on out there. Um. But of course you are paying attention, which is why you're listening to me right now.

So good job. Now, something that I've talked about a lot um over the last year or so, um, and actually I guess it was towards the end of twenty the i m F. The i m F is sort of like the Central Bank about the central banks. Um, they called for a Breton Woods to moment um. And so to understand what Bretton Woods too is, you have to understand what Bretton Woods one was, which happened in and the entire world got together and reset the global

financial system and they agreed to it. So the whole world kind of got together and agreed to this, and they went onto a new global monetary standard, which was the dollar thirty five dollars was redeemable for one ounce of gold, and then all the currencies of the world were pegged to the US dollar. And then Um, I've been talking about the I m F calling for Bretton Woods to um. But maybe we're actually going into Breton Woods three. What does that mean? I hadn't actually thought

of this until just recently. Uh, and I just recently made a video on my YouTube channel for it as well, if you haven't, if you want to go dig in deeper on that. But basically it was kind of the idea came from the credit suite manager. Um. His name is Zultan pasar Um, somebody I've been paying attention to do a lot um. He writes, uh, pretty in depth and technical articles. So I'll make I'll take it and

make it easy for you to understand. But he says that money quote, money will never be the same again after the Ukraine War. And he also says that bitcoin maybe the beneficiary of this. He says that we're witnessing the birth of a new world monetary order. Those are big words, those are real big words. Now, he's a former Federal Reserve and US Treasury Department official. Okay, so he's worked on the inside, the inside of the belly of the beast, if you will, And now he works

at Credit Suetes as a short term rate strategist. Again his name result on pasar Um. And basically what he's saying is that the US is in this commodity crisis that we're in right now. Commodities being you know, real things being energy, oil, gas, um, food, things like that, and it's giving rise to a new world monetary order that's going to ultimately weaken the current dollar based system and lead to higher inflation in the West. Of the

West would be you know, North America, Western Europe, etcetera. Now, he says, quote, the crisis is not like anything we've seen since President Richard Nixon took the U. S. Dollar off the gold in nineteen seventy one. So Breton Woods, as I said, Breton Woods one was in nineteen forty four, put the entire world onto a gold standard. In nineteen seventy one, then President Richard Nixon removed the dollar from the from the gold standards. So we were on a

commodity based money. Golds a commodity and so we were on a commodity based money, and and all of history was a commodity, commodity based money. Whether it was a rock, a feather, a ceashell, or gold, it was it was

something real, something tangible, commodity. And it extended that commodity based money from Nino the Bretton Woods till one, when Richard Nixon severed that tie in nineteen seventy one, the entire world left a commodity based system, left a dollar based system, and went into something known as a fiat

based system, meaning that our money had no backing. It was no longer backed by gold or any other commodity, and it was it was an era in nineteen seventy one till now was an era of fake fiat currency, fake floating currencies that are pegged to nothing, and treasuries treasuries, US treasuries and dollars or what what's considered a risk free asset UM. And so that's kind of where we've been for the last fifty years. August of last year was the fifty year anniversary of of Nixon taking us

off of that gold standard UM. And and since then, UM, we've, like I said, basically been in this free floating period as he calls it, quote outside money, UM, and he says that now today we've just witnessed the end of this current monetary regime. And so the dollars and the U S treasuries or what like I said, they consider risk free. And so nations around the world hold these They're considered risk free because the United States would never

default on their debt. They would just print more dollars. Now they would pay you back the debt. Of course, they'd pay you back with de value dollars. So even though you get all the if you gave them, say a million dollars, you get your million dollars back. But unfortunately million dollars only buys you half a million dollars worth of goods and services. But that's another topic for

another day. But they were they were risk free, right, so I could I could hold my money, my reserves, if I was a nation like China or Germany or France or Russia, I could hold my reserves, my savings accounts in these risk free assets, treasuries and dollars. And I know they're risk free because, as I said, the government would never default on that. Well, a lot of people didn't really think about until a week ago that the government might actually seize it, like freeze your bank

account and not give it back to you. And so that's exactly what he said. He said that Posar marks the end of the current monetary regime as the day the G seven nations G seven is the seventh largest nations in the world, as the day the G seven nations seized Russia's foreign exchange reserves. Following the latter's invasion of Ukraine. What had previously been thought of as a risk free became a risk free no more as non existent credit risk was instantly substituted for a very real

confiscation risk. So a lot of people like I said, I thought, well, I'm never gonna lose this money because I know the the U s would just print more money to give it to me. So it's a risk free. But what nobody accounted for is that the government would actually just steal it from you. And that's exactly what happened. UM very real risk because it just happened. Now we just saw we saw them um stealing money, freezing money from Canadians and truckers and people that donated to that.

But then it happened to Russia, and that just pushed the US into are not the US the world into a brand new monetary system. He says, what occurred surely isn't lost on China, and Posar sees the People's Bank of China the PBOC, faced with two alternatives to protect its interests. What's China gonna do? They have two alternatives. One either sell treasury bonds to buy Russian commodities or do its own quantitative easing, which is to print their

own currency to buy Russian commodities. What should they do? Should they sell their US treasury bonds dump them into the market, which would not be good for the United States. Let's just say that it wouldn't actually be that good for China either. If they dumped them out of the market, they became worthless. They'd also kind of be shooting themselves in the foot. Or they can print their own currency

to buy Russian commodities. But either way, what he's saying is that they want to get out of the treasury bonds and buy Russian commodities again. Their their oil, their natural gas, their their minerals like nickel, steel, etcetera. Um. He says, Posar expects both scenarios to mean higher yields and higher inflation in the West. Posar concluded his note with a comment about bitcoin, saying he expects it u to benefit, but only if it quote still exists. Well,

we know that bitcoin can't be killed. A government may may try to ban it and make it where you can't use it, but they can't stop it. And so since it will still exist, then he expects it to benefit. So Bitcoin being a big beneficiary of this UM. And the risk is the dollar. The dollar is gonna be dying. Um. And when I say it's dying, it means it's going to continue to lose purchasing power, which means inflation. Means

prices are going up. So expect gases to go up, expect food to go up, expect your dollar to go down, and expect bitcoin to do better. That's what Posar said. Um, you're listening to the Markma Show. We're talking about the intersection of politics, finance, and technology. We're talking about the decentralized revolution. We're looking at it from a geo political scale. Now, Um, this is only the tip of the iceberg. I want to talk about something so much bigger when I get back, UM,

a lot more to go. Don't go away. I'll be right back. All right, welcome back. You're listening to the Mark Moa Show, and we're talking about talking about the world changing right before A very yes, of course, we talked about each and every week, the decentralized revolution. We're talking about the intersection of politics, finance, and technology. We're talking about the way this is changing the world. Now, Um, if you're not paying attention, you get caught off sides,

it could be very bad for you. And if you are paying attention and you're prepared, it could be very good for you. Now it depends on depending on which side you end up on. Its entirely up to you. Now you're doing the most important step, which is listening to me, talking to you, trying to give you the the education. I'm trying to give you the insight, the perspective that you need to make sense of all this because it is a it's a rapidly moving situation. And

we speak now. I was talking about before the break, a previous Fed and Federal Reserve and Treasury insider result on Um was talking about how the entire global financial system just got reset right before various it happened in under the BRETA. Wood Agreement, happened in nineteen one when President Richard Nixon severed the entire world from the gold system, and for the last fifty years it's been a free floating fiat money um system based off of U S treasuries.

But the United States decided to torpedo, send a torpedo right into their hold, their stranglehold on their world's reserve system when they decided to steal Russia's money. You know, um I talked about this on my YouTube channel, Mark Moss, and um I got comments like, oh, Mark, you're like our You're a Russian asset. You're promoting Russia, And I mean, that couldn't be anything further from the truth. I'm certainly not doing that. But when you try to weaponize the

US dollar, Um, you know, things happen. As I talked about all the time. You can choose to ignore reality, but you can't ignore the consequences of reality. So when you weaponize the dollar and you turn it against sovereign nations and you steal their money, when you when you turn it against people and steal their money, there's gonna be a reaction. I'm not saying I'm for that, but what do you expect the truckers in Canada Russia to do. I mean they're gonna go shrivel up in a hole

and die. No, I mean they're gonna continue to figure out a way to work outside of the dollar system. And so, UM, you know, I'm certainly not a Russian asset or or I'm certainly not encouraging Russia to go to war. I certainly am not a fan of war, nor do I want to see anybody hurt with violence

or death through war. Um. But it's it's important to understand what's going on because, like I said, this has massive implications for the way that the world financial system changes and something that I've been talking about even bigger than that. Um. I made a video on my tube channel and was like, um, the first thing that is lost in war, and the first thing that's lost in war is truth. And when truth is lost, we lose trust. And the thing with trust is that once trust is gone,

like it just doesn't come back. If you've ever had a situation where a business partner or a spouse or something like that, uh, you might know what I'm talking about. And and in the beginning, there's like this doubt, right, and maybe maybe you're scared of this finding out the reality. But once you find out the bad news and the trust is gone, it's gone. And that's exactly what we're

seeing happen all over the world. Right So, when the United States seized Russia's bank accounts, it was supposed to be a risk free asset. Um, it showed the world they can't trust the United States. Now you could just say, well, but that's because Russia was a bad actor, and as long as the rest of the world doesn't act in

bad faith, they don't have to worry about it. Right. Well, you could say the same thing about the Canadian truckers when the single mother gave fifty bucks to the trucker campaign. At the time when she gave that it was perfectly legal to do that. One of my friends in the bitcoin space um after the government um seized the ten million dollars that was given to go fund me and per frickly legal way, a perfectly legally protected m assembly um with a legally protected go fund me um and

then they seized it, I might say, illegally. Then people start donating to bitcoin and I know somebody who was involved in helping set that up. At the time perfectly legal, and he's now facing serious implications. A matter of fact, he has a three hundred million dollar lawsuits slapped against him because of that. And at the time it was

perfectly legal. And the reason why I say that is because if you're saying, in your own mind listening to me, going, yeah, but Russia is a bad actor, they deserve to have their bank accounts frozen. Well, who's to say who a bad actor is? Now you say, oh, but Mark Mark. Of course, someone who's uh, someone who's doing child exploitation. That's certainly bad. We can all agree on that. Sure, we can all agree on that, but there's things that we can't all agree on. And so then who makes

that decision. Where does that line um get defined? And who moves that line? So back to the Canadian thing. At the time, what they were doing was perfectly legal and protected under their constitution. Only later did they pass a law to say that it was not legal. And now they're saying all those people that did those things were now violating some sort of policies or laws or whatever.

And so while you may say, yeah, Russia is a bad actor, and I'm not saying they're not, what I'm saying is that at any time you go against the regime, you're a bad actor, and that that's that's that's that's a dangerous thing. But more importantly, the point I'm making here is that trust is also lost. Now. Trust is a key ingredient in a stable and peaceful economic system. We need trust without trust in this world where we're in anarchy. Right, I need to trust the other driver

on the road doesn't run his car into me. I need to trust the person making my food didn't put poison in it. I need to trust my bank account doesn't put a bunch of fainth charges like Wells Fargo paid the largest fine in history. I need to try us that the funder Reserve doesn't print a bunch of money and devalue my currency. But of course we can't trust those institutions. But it's the most important ingredient. How can we work together if we can't trust each other.

When the United States decized to freeze and sees money held in their reserve accounts by countries they don't like, it shows that other can't. Other countries can't trust the United States to custody their own money. Right. Even worse, it allows doubt to creep into their minds. Right, other countries are watching going will shoot. I mean if they can do it to them, certainly they can do it to us. And once you start going down that route, once that trust is lost, it doesn't come back. Super

super important. Um, which is why the entire worlds pivoting to this commodity based system because we can trust commodities. If I have the oil, if I have the gold, then I have it right. So it's important thing to understand. Now, there was an article that came out on Al Jazeera which you might say, Mark, why are you reading al Jazeera? Well, sometimes you have to read international news to try to

get a better understanding what's going on. Um. You know, you might have heard that there's three sides in any story. There's your side, my side, and there's something in the middle, and so you need to get out of the US mainstream news sometimes. And al Jazeira says Russian sanctions could drive more people to crypto an analysts says, so this analyst.

According to a Pew Research Center, of Americans have dabbled in trading, using, and investing in cryptocurrencies, but that figure is likely to rise considerably, um Ran new Ner because the host of CNBC's Crypto Trader. He told Al Jazero, I think we may refer to two as the year of the big catalyst for crypto because what governments did is actually to force adoption, he said. He wanted to say they put people in a position where they had

no choice but to flee to the other system. That's what I was saying before, Like with Canada, Russia, what are they gonna do, just go go into a hole and die. Not they still need to live, and so they're just forced to go into another system, he says, what governments did. The U S and its allies have imposed sanctions on Russia. Obviously we know that um the world's largest credit card networks Visa and master Card, and internet paid payments like PayPal, announced over the weekend they

are suspending services in Russia. That means that credit and debit cards issued by Russian banks will no longer work outside of Russia. So Nooner said that quote Russians that are living in the US but have bank accounts in Russia have had their credit cards cut off. Essentially, people are forced onto the alternative financial system, and that of course, like I said, it's cryptocurrencies. That's the big beneficiary. Everyone's moving over to that. The majority of the digital coins

trading is done on a peer to peer basis. There's no middleman, unlike with banks, UM, where banks can just decide to shut off your payments. And that's exactly what's happening. So we're gonna talk about this boost in sanctions, what's gonna happen. And then I want to talk about a bitcoin prediction by somebody you might care to hear about where we think the price of bitcoin could go because of this. I got a lot more to cover. H you're listening to the markmas Show. We're talking about the

decentralized revolution, the intersection of politics, finance and technology. Of course we're talking about bitcoin specifically talking about how it's going to continue to grow because of the sanctions UM, and like I said, I want to tell you some of the predictions of where it can go. I got a lot more to cover, So don't go away. I'm gonna be right back. All right, Welcome back here, listening to the markma Show, and we're talking about the decentralized revolution.

We're talking about the way that politics and technology and finance are all coming together right now, smashing together in a collision course to change the world as we know it. Of course, I've been talking about this a lot. I've made Uh, I've done I've done several talks talking about the three revolutionary cycles that are converging right now. A political cycle, a financial cycle, technological revolution cycle. UM. If you want to know about that, you can just go

onto YouTube and search Mark moss Um three three revolutionary cycles. UM. You could search the Battle for the Fate of Humanity, listen to some podcasts that I've been on talking about that. But it's really those three things that are coming together that are changing the world as we know it. Um. And it's happening really fast. I mean, it's happening faster

than we can think. And so before the break, I was talking about, um this article on Al Jazeera that says that Russian sanctions could drive more people to cryptocurrencies. And uh, they were talking from Ran Nowoner, he's a host of CNBCS Crypto show, and uh he said that, um, quote, Russians that are living in the US but have bank accounts in Russia had their credit cards cut off. UM. And because of this it's going to force these people into a alternative financial system, is what he said. Uh,

and that's exactly what happening. Um. There's an analogy here, and it's the difference of a centralized database versus a decentralized database, or a decentralized platform versus a centralized platform. Um. And so like a centralized exchange like coin Base or Binance or cracking or Gemini. Um, it's a central database owned by a centralized entity, and they are regulated by

central governments. As a matter of fact, they were ordered by the government in the United States to ban all Russian users, um, not just sanctioned individuals from their platforms, but everybody in Russia. And so coin Base announced earlier this week that I had blocked twenty five thousand Russian linked cryptocurrency addresses the platforms that the addresses were linked to Russian individuals or entities they believed to have engaged in illicit activity. Well, um, so first of all, that's

not bitcoin. Bitcoin is a decentralized network. Bitcoin cannot censor anybody. Bitcoin sees everybody on the network exactly this same. So it's not a bitcoin or it's not cryptocurrency. What it is is it's the platform it self. Coin Base. Coin Base was able to do that UM, so it's a big difference of that. The analogy would be like Gmail

versus Email. So Google could block certain addresses at the application level, but Email uses a protocol called s m t P and so that that's an open source protocol. That's how the email gets routed around, and so UM anybody could use the s m t P protocol to send email, but some of us prefer just to use Gmail because it's easier. So while Gmail, a centralized UM application, could block certain email addresses, the s m T SMTP email protocol still works. You can't do that, So it's

kind of one way to look at that. UM. But just know that these centralized entities can and will freeze your assets at any time if a country asked you to do that, and same with your n f T s. We saw last week the world's largest n f T marketplace, open See, reportedly removed Iranian users from its platform. And again, if you move them off, what are they gonna do. They're not going to just go away and die. They're

going to just find another way to do it. But like I said, the point of this article was saying that sunctions, the sanctions um are probably gonna be this massive catalyst of pushing people over in the bitcoin it says, sanctions only work if people are using your currency. Duh, right, sanctions only work if people are using your currency. If they're not, then what good are those sanctions gonna do?

It says if Russia and China decide that they're going to use Beijing's digital central bank digital currency, or Moscow decides to create its own, or they decided to trade in gold, then sanctions aren't gonna matter. The sanctions only work on the US dollar reserve system or on the Swiss system, But if they work outside of that system, they do absolutely nothing. And so a lot of people listening, you know, and I've gotten comments UM that said, but

don't you think they should sanction Russia? Well maybe it's a complicated issue. UM. As I've said before, nothing, UM, nothing is without risk. Everything has trade offs, and UM, the ability to sanction the nation is brand new. I mean it's it's it's only been you know, the last fifty sixty years. This is even possible for all of humanity. It wasn't, UM, and you might be able to make an argument that it's actually done way more harm than

it's done good. Now, I might be I might be on my own hair, but I tend to think that we get along better when we cooperate instead of trying to force or impose our will on people. I think that through the carrot we can do more than we can with the stick. Um And at the end of the day, like I said, everything has an unintended consequences. So, um, you know, we were able to control the system. Now we're having a system where we've kicked everybody out of

the party and we're the only ones left. And so well, we'll see what happens. It's gonna be interesting. Like I said, there's a days where decades seem to happen, and that's exactly what we're witnessing now. On top of that story, um, as this sanctions on Russia probably are going to lead to more people using cryptocurrency. What's next for bitcoin's prices? Well, a lot of people want to know, now I am

I for one, am not big on predictions. I think it's much easier to understand the future, like the far out future than the near future. So if you want to know what's if you want to ask me where do I think bitcoin will be at the end of the month, or by the summer, or even by the end of the year. It's a lot harder to answer that. If you ask me where I think bitcoin could be in the next five years. I feel a little bit more confident about that. Um. So, you know, judging the future,

specifically timing. So it's like, I think I can give you a price target, and actually there's an old scene. I should have looked it up. Um, I can give you the price target or I can give you the time, but I can't give you both together. Says something like that. So I could tell you where I think the price of bitcoin gets to, but I can't tell you when it will get there. That's basically what that statement means. But some people try. Um. Some people are wrong, most

most are wrong. UM. But UM, there was an article that came out UM of somebody trying, and it was let's see here. It was someone who used to work under the um Trump administration for a little while. His name is Scarmucci, Anthony Scarmucci, and uh, I think he ran the calms communications for the White House at the time. And uh he also runs some big hedge fund or

Wall Street fund as well. And he says that he thinks that we'll get to one hundred thousand dollar bitcoin and then in the next I think a year and a half and that will get to five hundred thousand dollar bitcoin in the next three years. Um, you know, the hundred thousand dollar one in the next year, like I said, is a is a much harder one to understand.

I feel much better about the five hundred thousand dollar target over the next couple of years, which I think is is doable, and I think that's something that we'll see. But of course I can give you the price target, I can give you the time, but I can't give both of you those together. But that's what Anthony Scarmucci says. And you know, he his he's got a voice, people people respect his opinion. I'm not saying I agree with it,

but that's where he's saying. So, um, if bigoin gets two hundred thousand, that's more than increase from here, which is a pretty good dang return. I think bigcoin can get to five hundred thousand over the next couple of years. It's a about a twelve x from here, which is insane and amazing. Um. The best way to take advantage of that is to just start buying, just buying a weekly basis, just buy a little bit each week. Um. You know, some people want to try to time the market.

Should I buy right now or should I wait? Should I wait for the price to dip. The problem is you don't know when the top of the market or the bottom of the market is until you're looking backwards on it. And so that's probably why one of the best ways to get into bitcoin is just to start buying on a weekly basis, just dollar cost averaging. In you're listening to the Market Moss Show talking about bitcoin, the decentralized revolution, and the way the world is changing,

and it's changing fast. Thanks for listening.