The Mark Moss Show Nov 01, 2021

Um can't get that right. But I don't want to be dramatic, but I'm telling you the truth here. This is this will be the biggest opportunity that you've ever had in your lifetime, and not just your or my lifetime.

I'm talking about generations. It's that big. We're on the verge of this or we're actually witnessing this technological revolution that's happening, of course, and this presents us with the best asymmetric opportunity that means more upside than downside, and of course you participate in that by having a symmetric information That means you have to know something that most people don't have. And so that's what I bring to you. Each and every week here on the Mark Moss Show.

So right before I jump into the hottest news that you need to know, just real quick if you want, grab your phone, put a reminder this time, this channel come back each and every week. It is going to be the most beneficial, the most profitable time that you will spend each every week. So come hang out with me, of course. Hit me up on social media. UM one Mark Moss. That's right, one Mark Moss. That's the number one. You can find me on Twitter, you can find me

on Instagram. Send me a message, ask me a question. I'll make sure to answer it live on the show next week. I'd love to hear from you guys. Tell me you heard me on the radio. And with that, let's go ahead and talk about what is going on in the bitcoin and cryptocurrency world, because there's a lot happening now. There's a quote that I say quite often. It's um not from somebody admire, but I like the quote, and it's from a Lenin. That's right. The Russians are

that did a lot of damage in Russia. I will just leave at that. But he said that there's decades where nothing seems to happen and then there's days where decades seem to happen, and so you know, it's not every single week we have big, big things happening. But this week we have some big things. First, we're just gonna start with a little bit of the price. I don't like to focus on the price, as I like to say over and over and over in each other week,

that the price is a distraction. The prices a distraction. You should not be And I don't care if it's a bitcoin or cryptocurrency. I don't care if it's gold, if it's if it's Tesla stock, I don't care what the asset is. You should never be looking at the price on a daily, weekly or monthly basis. I mean, if you're a day trader, I guess then you should. You should be looking at it a minut a minute by minute. Unfortunately, about nine percent of day traders lose

their money. I know it sounds fun, I know it's exciting, it's like gambling is super cool, But the reality is you get burned out, you get stressed out, and then most likely you lose money. So for the majority of us, we don't want to be looking at the price on a regular basis. I like to say that the price

is a short term distraction. As a matter of fact, there was a study that came out and it said that I don't have it pulled up in front of me, so I'm just gonna kind of paraphrase what the study was. It just came out recently, and it said that investors that get too much information actually do worse with their investments, which seems kind of counterintuitive, right, because you would think if you had the most up to date information that you would have better results. But that's actually not what

this research shows. And the reason why is because you have too much information coming in and you feel like you need to react to everything. I need to do something, I need to do something to do something, and so too much information is actually a problem. Um. And it kind of goes along with something that one of the greatest, most quotable investors in the history of the world, UM says, my.

You know, our good old uncle Warren Buffett lots of wisdom that he can share with us, and he's he used to say that if a new investor came into the into the space and knew that for his entire career, he only had twenty moves. That's it. His whole career. He could only do twenty moves, that would be the

best thing that could ever happen to him. And the reason why is again, uh, the same thing as not having you know, having too much information, is then you're going to take advantage of big moves that take a long time to play out, and you're gonna be patient because you only have twenty moves, and so they kind of work hand in hand. And so back to bitcoin and cryptocurrencies. Um, the price has been moving around, it's

been really very volatile. As a matter of fact, Um, last week, October twenty two, we saw bitcoin reach new all time highs, which of course was super exciting, fireworks going off, high fives and congratulations to everyone because I guess we hit a new all time high. But again, especially when it comes to new technologies like bitcoin and cryptocurrencies,

the price isn't what we should be looking at. Instead, there's two things that we want to look at, and I talked about this each and every week, and I keep you up to date on these things because these are the most important, not the price. The two most important things that we talked about every week are one the adoption, the network growth the growth of the network, and that goes back to something called Metcalf's law. Metcalf's law says that the more the network grows, the more

the value grows. It's exponential and and and the super easy analogy would be that if I'm the only person in the world with a telephone, it's not very valuable. Who the heck am I gonna call? If one other person has a phone, it's a little bit more valuable. More people have phones, it's more valuable when everybody in the world has a phone. Of course, it's much more valuable.

Funny story, I'm old, old enough to have lived before cell phones, that is anyway, And I remember I think it was like right after I got out of high school, I got my very first mobile phone. They had been around for a while. It wasn't like the big briefcase ones that you saw like Wall Street traders with like

in the eighties and car phones. It was it was it was a little bit newer than that, but it was still just numeric only, so on the display it just showed numbers and didn't even have alpha on there. So it's kind of and I remember I got that phone and um. Right after I got out of high school, I was eighteen years old. I was starting to buy and sell homes. I was buying bank owned repos and fix them up and selling them. So I was out on the road looking at properties. And so you know,

I got the phone I needed. I'm cool, I'm important, whatever. But the funny thing was is that I was like the only person I knew with the phone, and so like, who was I going to call? And so like, literally most of the time, at least when I first had the phone, I would just leave it at the house. I didn't take it with me anywhere because like, what was I gonna do with it? Right? And so it wasn't worth a lot because none of my other friends

had phones. But today I can't go anywhere without the phone. Of course, the phone is a lot more. So we want to look at the metcalf slow. We want to look at the network growth. That is one of the most important things. As long as the network continues to grow, as long as we see more and more people using it, more and more people adopting it, um, then it continues to grow. And I am going to share a piece

of news with you this that happened this week. I want to bring it to you this weekend, but it was the biggest piece of news this week that I think kind of went under the rug. Most people missed it. But if you agree with me that network growth is one of the most important factors, then wait until you hear what I have to say. But before I tell you that, um, the second most important thing that you want to pay attention to is development on the network.

You want to make sure that the network is continuing to be developed. It's growing, the capabilities, the capacities, etcetera. Are growing. So as long as those two things are growing, then we know that we're continuing to grow. So people that are following the price on a daily basis, they're never gonna make it. In bitcoin, we call that d M. I never gonna make it now. Like I said, we saw a bitcoin break that new all time high back on October I guess that was October, and then it plunged.

Then bitcoin blunded. It fell all the way down. You won't believe it, all the way down to fifty eight thousand dollars. No, no, no, no, no, no, I mean that was a that was about a twelve thirteen thirteen and a half percent drop. It went all the way back down to the price it was five days earlier. But yet didn't didn't stop all the major media outlets from declaring Bitcoin dead. This is it, game over, Pack

it up, boys, cryptocurrency is a failed experiment. We hit the new all time high and then we crashed all the way back down to where prices were five days earlier. Oh, it's horrific, But I'm sure glad I didn't pack up, because of course Bitcoin wasn't dead. Cryptocurrencies are not going away. Not there's easily not ever in my opinion. And of course the price has come roaring back and we are sitting at around sixty one and a half or so ish. But again, I'm just kind of talking about this because

I'm trying to help you. We don't want to be focused on the price. I'm talking about it, but only to tell you that it's not that important. Remember, the two most important things are network growth because of Metcalf's law, and development on the network. And I want to tell you what happened this week, Like I said, that really slipped through the rug. That shows you how fast this network is about to take off. And I mean, it

is going to blow up. You need to know this and you have a chance to front run this information. But I'm gonna bring it right back in a second. You're listening to the Mark Mass Show, where I bring to you the latest information on bitcoin, cryptocurrencies and the decentralized revolution each and every week because with this information you were going to be ahead of I don't know the people, so you can take advantage of the asymmetric upside.

I'll be right back, all right, welcome back. You are listening to the Mark mo Show, where I come to you each and every weekend bringing you the most important information on bitcoin and cryptocurrencies and the decentralized revolution. It's moving fast. Um now before the break I was talking about now we don't need to focus on the price. The prices of distraction. The price shows a short term It's kind of like, um, well, I grew up racing dirt pikes. I still I still ride dirt by I

don't really race that much anymore. Um And you know, I like to do a lot of desert writing. And when you're riding a dirt bike, you're going really fast and it's dangerous. There's there's rocks, and there's ruts and there's bumps, and there's all kinds of stuff going on,

and you're going fast. Obviously that the faster you go, the further out ahead you have to look what happens with new um kind of new beginner riders um they like to focus right in front of their wheel, like look, look straight down at the ground, like I need to see every rock that's there. But the problem is when you're only looking at the ground, you can't see the bigger picture. And so now you're trying to react to everything in front of you, but you don't have time

to plan for the stuff that's coming. And so that's the biggest mistake that new writers have is just focusing on the ground and not looking further ahead. And that's that's what looking at the price the bitcoin and cryptocurrencies every day is. You don't want to be staring at the ground. You can't do that. You have to be

looking at the bigger picture. Because the price, as I was kind of talking right that, we had a new all time high last week and then oh my gosh, the price crashed all the way down to where it was five days before. Are and mainstream media want to declare a bitcoin dead again. And if you were just focused on the ground, if you were just focused on that price, you would have sold. But we don't do

that right. Not if you're listening to me like a professional motocross racer desert racer, you're looking way out ahead, right. We want to plan for what's coming, not for what's happening right this second. And so we're doing that by two things, network growth. I talked about mccafs law and then we talked about development. Today I want to bring to you one of the biggest stories of this week that really talks about that network growth and it really

UM started back in May of this year. So in May of this year, UM, a big are a big article well broke all over all the new sources and it may have this year a big news broke out that a company called night Digg n y d i G Nightigg was there. They're a back office service provider for all the banks in the United States. UM, and so as you might imagine, you know, banks don't do everything in house, right, so they kind of outsource. At

night I provided that back office service. And so they said back in May May five of this year, that night Egg was going to um provide banks with the capability to allow their customers to buy, sell, and store bitcoin directly in their bank checking accounts. What are you kidding me? Yes, they said they would do that back in May of this year. They said that banks. Let me say this, banks are asking for bitcoin because they can see their customers are sending dollars to coin base

and other crypto exchanges. So the thing with banking is, and in any business for that matter, So what a business wants to do is a business wants to create something that's called sticky. In business as entrepreneurship, we'd call that sticky, right. We want to make it where a customer comes onto our platform, it's very difficult for them to get off, right, it's sticky. And that's what banking is.

So like, the very first checking account I ever got was with Wells Fargo, and I've been with Wells Fargo ever since a long time. Now, Wells Fargo hasn't done anything to earn my trust. As a matter of fact, they've they've paid out the largest lawsuits in history for for fraudulently putting accounts on to people things like that. But yet I haven't gone anywhere because it's sticky. It's hard for me to close my accounts and open new accounts.

All that some stuck there, right, But what what banks are seeing is that customers are pulling their money out and they're going to coin base and Cracking and Gemini and et cetera. So the banks aren't happy about that, right because they know that once those customers leave, they may not be coming back because it's sticky. So the banks are like, shoot, we better do something here, So we'll partner up with nightigg um and then we'll allow

people to buy it directly in their accounts um. Nightig said that after they rolled out the initial bitcoin product that Nightig would then offer other services through the banks, including both debit card rewards points paid in bitcoin, and a new type of bank account wait for it, wait for it, that's f d I c ensured and pays interest in bitcoin. You gotta be kidding me, Well, this is back in May of this year, they said that they were going to roll those services out two over

three hundred banks. Then it went up to six hundred banks, which maybe doesn't sound like a lot. Hundreds of banks. Three to six hundred banks, three hundred banks maybe it's not that lot, not that much, but those three hundred banks make up over three hundred million checking accounts. Yeah, it's not, it's not. You didn't hear me wrong. That's three in a million checking account So that's they said they would do this, and they said they would do

this by this year, two thousand twenty one. Now, when they came out with that in May, obviously I was excited.

I rolled that information out to my audience. If you would have been listening to me back then, you would have made a lot more money because in May when that news broke, the price of bitcoin was about thirty thirty three thousand dollars, So you could have doubled your money if you would have bought in then, right, we want to What we want to do is we want to front run this information because again, asymmetric information, information most people don't have, allows us to get in before

most other people. We can front run it, right, we get in front. So when that knows news broke back in May, you could have got in about thirty thousand, would double your money. Um. But here we are. Um, they said they do this by the end of the year. And now people that I talked to on the inside of the industry. They told me, Shoot, I don't think that's gonna happen. Have you ever seen how slow banks work. Banks can't even upgrade their own internal software, Like you

really think they're gonna get that done in time? Um, well, let's wait and see, right, Um, But the banks really wanted that. They know that if they don't do it, they're gonna lose out their customers, and so they're pressured to do that. Um. Now, some of the big banks like Morgan's or more I should say financial institutions like Morgan, Stanley, Goldman Sacks, they're already in bitcoin right, already offering those services JP Morgan right there on. They're getting on board.

But the banks wanted to be able to allow their customers to literally buy bitcoin through their checking account with as little as one single dollar. And that's a big misconception that people have. They think that, oh, shoot, bitcoin sixty one dollars. I don't have sixty one dollars. I can't buy that, so I'll just go buy she booo. Right, that's cheap. I'll buy that instead, which we can talk

about that later. But um, the fact is is that you can buy a dollars worth of bitcoin and now you might be able to do that directly from your banking account. So that happened back in May five, right, Well, the year goes on, you know, May, June, July, August, nothing's happening. People are like, oh my gosh, what happened with that information? I thought it was gonna be big

as massive? Well remember patients, right, patients, UM, I like to say, over and over and over, and if you're listening to my show each and every week, which I hope you do, which, by the way, you're listening to the Mark mass Show, I like to repeat one of again, Warm Bufett. Actually it's his partner, Charlie Munger. He says that the big money is not made in the buying, in the selling. The big money is made in the waiting,

the waiting. Not the buying selling, but the waiting. That goes back to what I said before the break said, if you only had twenty moves your whole career, you do much better. So the waiting and so, uh, you know, you got the news, hopefully made a move on it, and then you have to wait. And so then moving forward, we saw October five, a couple of weeks ago, some

big news came out. US Bank, the fifth largest retail bank in the United States, announced on October five that they are going to offer bitcoin buying, selling, and custody services in their bank, the fifth largest banking United States. October. So you see the news is now starting to come out. Let's let's talk about some of the big misconceptions that people have and how news like this could overcome that. But there's one more piece of information that just came

out this week that blows this wide open. And I want to talk to you about something called diffusion of innovation. Innovation diffusion. That's how innovation gets out there. And once you understand this and put it together with the news that just came out, you're gonna want to go buy some cryptocurrency. Right this is very second, So I'm gonna bring that to you when I come back. You're listening to the Mark mass Show talking about bitcoin, cryptocurrencies and

the decentralized Revolution. I'll be right back, all right, welcome back. You are joining me at the Mark Moa Show. We're talking about bitcoin and cryptocurrencies and the decentralized revolution. If you're just tuning in, well I'm sorry. You've missed a lot. We have gone over so much. We've been talking about bitcoin, cryptocurrency is making new all time eyes and then then crashing all the way down to where they were, you know,

a few days before. UM. But we talked about how looking at the price is a big distraction and really what we should be looking at two things network growth and development. And I'm taking everybody through some of the biggest news that just came out that has literally slipped under the rug that most people are missing. And and and in my position as an as a career I've been a lifelong career investor. You're looking for fundamental news,

fundamental information that will move the market. UM. And so when you're looking at the price and don't tell you nothing, I'll tell you what happened. That was a lagging indicator. That means you it's lagging. It tells you what happened. We're looking for leading leading in kators tells us what

will happen. That's what we want, right, So UM, I went back I started talking about Back in May, um Nighting, a company called Nighting, announced that they were going to allow banks three three hundred, three hundred banks that service about three million checking accounts UM allowing those three million checking accounts to buy, sell store bitcoin as as much as a dollar is worth a bitcoin directly in their checking account UM and then we want to that's that's

really big news because imagine if there's three hundred million people that can just buy it with a click of a button. So, shoot, if that's going to happen, I should probably buy now before those three million people buy. That would be like a logical thing that you would think, which if you would have bought off of that news back in May, you would have been buying back around thirty thou dollars and you would have doubled your money. A hundred percent increase in money just because you moved

on that news would have been great. But right now I'm trying to give you some updates on that. So moving forward, we saw October five, a couple of months later, um US Bank, just the fifth largest retail bank in the nation, announced that they are launching it. Finally it's coming, we heard about it and it's actually here. Um That was really big news. And so October five, u S Bank, this largist announced that they were going to bring these

bitcoin services bitcoin, bitcoin cash and lightcoin. Um, that's the three assets that they would have, and they said they might support other assets later over time. So that's good a couple of weeks ago. But then this week, remember I'm bringing you the latest information. So what happened this week and that's what we need to talk about. So this week we saw the f d i C. For those of you that don't know what that is, I

don't know where you've been. It's the Federal Deposit Insurance Corporation f d a C. And they basically ensure you're checking accounts. So the money they have in the bank. Hopefully you have money in the bank. Everybody should save some money, don't you save some money? But um, the money you have in the bank is the FDNC insurance. So that means if the bank order go out of business or get hacked or something that happened, that he's insured and you would get reimbursed, right, And that's what

insurance does. And so a lot of people are afraid, they're skeptical, they're worried about bitcoin or cryptocurrencies because you know what happens if it's on exchange, it gets hacked, it gets stolen exchange without a business, which is all those things have happened. Um, and if it happens, it's not insured. Oh my gosh, Well lots of things aren't insured. Lots of your assets aren't insured. Viously, aren't insured, etcetera. Um, but anyway, everybody thinks we need to have this fd

a C insurance. So this week, as a matter of fact, it was October, just a couple of days ago, we got time. Nobody knows this yet, you know. The f d i C chairman um explained that they are exploring how banks could now hold crypto assets f d C insured. What now, that is big news. That is really big news, um per routers. It says that top US bank regulator said US officials are looking to provide a clear path

for banks and their clients looking to hold cryptocurrencies. The f d i C Federal Deposit Insurance Corporation told Reuters in an interview on Monday that a team of U S bank regulators is trying to provide a roadmap for banks to engage with crypto assets. Um, and that's big news, they said. Quote, if we don't bring this activity inside the banks, is going to develop outside of the banks and the federal regulators won't be able to regulate it. So if they don't provide what the market wants, the

market's gonna go get it somewhere else. That's basically what they said. They said that they wanted to say that some banks have already been dabling in these areas without regulatory clarity, and so we need to give that to them. So let me let me let me tell you how big this is if you're not quite figuring this out. So there's a lot of objections that people have to bitcoin and cryptocurrencies, right the big ones are, the government's going to make it illegal, okay, um or um it's

a fat it's a scam, it's a ponzi. Or um it's too difficult, I don't know how to do it, or um, I don't trust hooking up you know, an account like coin based to my bank account. They could hack it or something like that. So those are all

concerns that people have. Now part of the reason why they have those concerns is because of something known as the innovators diffusion, innovator's confusion, or it's actually probably called diffusion of innovation and so um, that's something that you might want to look go on Google and you can google that innovator innovator's diffusion or diffusion of innovation. And so what what this basically is is it shows when there's a new innovation, new technology, UM, how the very

predictable path to UM diffusion or two adoption goes. And so what happens is just to kind of give you an overview, is that what happens is in the beginning, you have this brand new technology which is brought by the inventors. Of course, right those are the innovator and typically, you know, you'll see more and more innovators kind of start playing around this and you get to about two and a half percent adoption. UM, you get to you get to about um adoption, and then you start getting

some visionaries. And the visionaries are ones that see what the inventors are doing, the innovators are doing, and they believe in it. They believe that technology could be something in the future. But they're the visionaries. Right, UM, when I was, you know, I started my career, I think I've told you probably many times before, I'm buying buying bank owned repos that were thrashed and the banks couldn't sell these tw people because they didn't have floors or

kitchens and the stuff like that. No one get alone. So they need someone like me, an investor, to come in and buy the house, fix it up, put the kitchen, the floors in and then they could sell them. Right, they get alone. But you come in and see these homes and you're like, what the heck is this? It's a disaster. Right, So you had to be an innovator. You had to have this, or you had to be a visionary. You had to have this vision of what

it could be one day. If you guys have watched like home flipping shows on TV, which come on, admit it, you have everybody has um right, and the these people walk in these houses and they're trashed, right, they've been burned down or whatever. Um And so you have to have this vision and a lot of people just don't have that. They just they can't imagine how good it could look in the future, which is why those people

miss out on opportunities. Right. So you have the visionaries come in and they believe in the innovators, and you get up to about an eighteen percent or so um percentage of adoption, and then there's something known as the chasm and the chasm is a gap between the visionaries and the early adopters. And the reason why there's a gap there is because of all the reasons I just said, there's a mental break, there's a there's a there's a

perception that's missing. People think it's gonna be made illegal, it's too hard to buy, it's too risky, it's not insured, and on and on and on. Right, that's the chasm. But once you cross that chasm, then an adoption explodes. All right, And what I'm telling you right now is the news that just broke that you're hearing it right now. The banks now are going to allow you to buy bitcoin a dollar's worth right in your bank account, store it safely, and even have the f D i C

insurance on it. So let me ask you just a simple question. Do you think if you logged into your bank, you know, wells Fargo, Bank America, JP, Morgan, whatever it is, and you were using your app or whatever, and you logged in and right there was a button that said by bitcoin, Oh and it's f D i C insured, do you think there would be more people that would own bitcoin or would there be less? M hmm, Well, if you guess more then I think you would be right.

Of course there'd be more. And if more people bought it, do you think the price would go up or would the price go down? Of course if more people out, the price would go up. So what do you think happens when this is open and available to three million checking accounts. I'm not going to tell you. I'll leave that rest up to your your own imagination, the visionary information imagination. Hopefully you have that. But that's big news in my opinion. Once people see that, it's going to

change the perception. People realize it's not going to be banned, not not anymore. The e t F got approved, it's not gonna be banned. Um, it's easy and it's now safe. Now. Once it's easy and safe, you lose out on all that possibility, on all that upside. So you want to get in right now? All right now, I'm gonna come back and tell you the rest of this story because there's more. Um, you're listening to the Mark Mass Show.

I'm talking about bitcoin, cryptocurrencies and this decentralized revolution. I want to tell you what is happening in the bank since this news came out. I'm gonna be right back with more. Don't go away, all right, welcome back. You are listening to the Mark Ma Show or I bring to you the latest information on the biggest opportunity you're ever going to have in your lifetime, and not just your lifetime. I'm talking about your parents lifetime, your kid's lifetime.

I'm talking about generations. I'm talking about bitcoin, I'm talking about cryptocurrencies. I'm talking about the decentralized revolution that is happening right now and the way that you take advantage of the big opportunity to have the information that most people don't have. I don't know yet and that's why I'm bringing it to you now. Uh, if you just join an in, you missed out on a lot, so pull at your phone, put a calendar reminder right now to be back on this channel at this time next

week because I'll bring back the information. But just to catch you up super super quick. Sorry if you've been listening, but basically ignore the price that we hit an all new all time high. We crashed down a little bit to ignore the price. Look at two things, both growth

of the network and innovation happened on the network. Um News has been developing for about the last five months that UM million and checking accounts, we're gonna have the ability to buy, selling, and store bitcoin directly in their checking account And this week f d i C Insurance announced that they are looking for ways to provide insurance to the bitcoin in checking accounts. I believe that that is going to create an explosion of people buying it,

which could push the price higher. But you have the information to get in front of that now before those three and a million people join. But it's even bigger

than that, so you're caught up. So of course, um, as that came out, it was it was big news, right, but it's even bigger than that because I was kind of focusing on the retail side now as I proposed the question earlier, UM, do you think there would be more people only a bigcoin or less if they logged into their banks so they could buy it, and was fd i C injured three and a million people? Would there be more or less? Of course, dans would be more.

And if three and a million people bought or more people bought with the price up or down, well, of course the price will go up. So wouldn't it make sense to get in in front of those people. Now I'm asking you to think about this for yourself. I'm definitely not giving you financial advice. I'm not telling you the answer. I'm posing questions you should ask yourself. But it's even bigger than that, because we're talking about retail and like at the end of the day, I mean

three and a million customers. That's a lot of money. But what are you gonna buy five bucks, a thousand bucks? Oh, you're a ball, are going to buy a thousand bucks, a hundred thousand bucks, a million in box? What about the banks themselves? We're talking about hundreds of billions of dollars, So what about the banks themselves? Well, in that news that broke, we found out that, um, traditional banks are gonna be able to hold bitcoin, not just me and you.

Not not just meaning with our thousand dollars or hundred thousand dollars or million dollars I'm talking about. Banks can hold the asset for themselves, they can use it as collateral for lending, or they can just keep it on their balance sheets. So banks are required by the Federal reserved by law to hold reserves. Of course, right you deposit your money in the banks they have to hold assets on their books in case you want your money back, they have to give your money back. Obviously, right now

you might be surprised. I hate to break it to you, but there's something called fractional reserve banking, and what that means is that when you deposit your money in the bank, the bank doesn't actually keep that They keep a fraction a fraction of that money and they blown out the

rest very risky. That's why back in two Great Financial Crash, the global financial system crashed down because the banks didn't have enough reserves and when it came time to pay their bills, they didn't have the money because all their money was risked out in investments and assets and things like that. So um, now today they've had to increase the reserve requirements of those banks, I think, from like

five percent up. So they're sitting on a bunch of cash reserves, but they also where's the rest of the money, well, the rest of the moneys and other assets. So now these banks that have hundreds and hundreds of billions of dollars of assets can now hold bitcoin on the balance shot they're not allowed to before. Do you think a couple of might Michael Sailor, the CEO of micro Strategy,

the first publicly traded company to buy bitcoin. They when you're a publicly traded company like micro Strategy, making hundreds of millions of dollars a year, you obviously keep money in your bank account, just like if you have a business, you keep money in your bank account obviously. Um, but when you're a big company, like like a publicly traded company or like Apple for example, you might have hundreds of billions of dollars sitting in a bank account. What

do you do with that? I mean, it can't just sit at well as wargo, So you have to actively manage that money. So micro Strategy said, hey, we're just gonna put it all into bitcoin. That's it all into bitcoin. And since they've done that, they've like tripled it. I didn't I didn't prepare before I jumped on, but I think they averaged in. They continue to buy each month,

and they announced it publicly. But they bought in like half a billion dollars when it was like I want to say, like ten thousand dollars, and now it's at sixty dollars. That's like half a billion dollars times six. So don't you think a bunch of other financial institutions saw that and saw micro strategy, rushed them on returns and they want a piece of that. Well now they can. Now they can hold that on there and I think they will. Um what they can do now if you

understand how this works, this is the good part. Well, it's the bad part and it's the good part. It's the bad part because the banking system is corrupt and it needs to be ended and we won't need to burn it all down, and that's what bitcoin is here for. But in terms of bitcoin, it's kind of good because the banks basically get free money from the Federal Reserve.

The Federal Reserve creates So the way if you don't know, by the way, you're listening to the Markmas show talking about bitcoin, cryptocurrency and the decentralized revolution, if you don't know how money is made, um, we talked about being printed. What happens is the central bank, the Federal Reserve, creates reserves. They put reserves onto the commercial banks, and then the commercial banks create the money into existence by loaning it out.

So when you get an auto loan, a house loan, a boat loan, r V loan except ura they literally create that money. So the Federal Reserve gives them reserves. So the banks are basically getting free reserves and it's sitting there on their books. They get it for zero percent, and now they can go buy all the bitcoin they want. Now, if someone gave you a hundred billion dollars with zero percent interest, do you think you might go buy a

little bit of bitcoin. I think you would. And now the banks can do that um And so I think that's going to be massive. Like I said, you know three people like us, like me and you retail investors. That's gonna be great for us. We're gonna go buy it. That's cool. But what about when hundreds of billions of dollars start going into the system. And that's exactly what I think is going to happen. I think that's how big it's going to go. We're already seeing it happening

with some of the other smaller banks. We're seeing some of these UM, you know, kind of more crypto focused institutions. I'm starting to do this as well, UM starting to take their reserve and put it into bitcoin, and they

are crushing the market. And what happens is you know, if you're a hedge fund, institution, bank, etcetera, you're competing against the other ones, right, And so what happens is if if another bank, another hedge fund, another institution puts gold or puts bitcoin on their books and then outperforms me, will shoot then I have to do the same thing, right, So then I go by it. And when I go

by it supply demand. It pushes the price up, which then means I outperform everybody else, which then means other people have to get on when they go by, which pushes the price of even more, which means other people have to jump on, and it creates this self fulfilling prophecy. I think you can understand that supply demand, right, So that's exactly what happening. That is the biggest news of

the week. Like I said, when they announced this back in May May five, I think it was May one, you had the chance to buy bitcoin at thirty thousand. Today it's a six. It's doubled um. I think this news could push it up way more than that. Now, again, this is not financial advice. I'm asking you questions. I'm

hoping that you can answer them for yourselves. But if you had it, if you had a time machine and you could go back in time to May when they first announced they were actually going to bring this to the banks. Um, if you have times, you can go back there to do whatever. Would you have bought bitcoin at thirty knows say? I think the answer is, of course yes. And so today another piece of news just broke that I think is even bigger, and that's the

fd i C piece. And so you have another choice to make, And I'm not gonna tell you what that choice should because again this is a financial information. I want to let you decide for yourself. UM. I learned my dad used to repeat to me over and over. He said, you know, once is an accident. Once it's an accident. He said, twice is stupid. So I just try not to make the same mistakes twice. UM, if I would go back and do something different than I would try to do not make that same mistake again today.

By the way, you're listening to the Mark My show, I'm talking about big when I'm talking about cryptocurrencies, I'm talking about the decentralized revolution. I'm trying to bring you. I'm not trying I am bringing you the latest information that you need every single week to take advantage of this asymmetric opportunity that's in front of you, the biggest opportunity that you will ever have in your lifetime, that generations will see, Your grandkids will thank you for listening

to this show. You're listening to the Mark Mos Show. Thank you,