The Mark Moss Show Nov 29, 2021

to change the world. I mean, it has the most It's gonna have the most profound impact across every area of your life and society, more than we even know today. And I don't say that lightly. I'm not trying to

over hype it up. I really believe that UM and not just is it going to make such a big impact, but if you can embrace this technology UM and the power of its ability to protect or I should even say grow or increase your purchasing power over time, that basically means you're gonna increase your US dollars to act UM. The the the ability the power of that to happen could literally change your life. I know it's changed my life.

I've been buying bitcoin since when it was about three or four hundred dollars, and today it's uh, you know, in the rags. So you're canna imagine how much has changed my life. But don't worry, it's not too late. Now. This is UM what I'm calling the biggest asymmetric play, the biggest asymmetric bet of your life. In order to take advantage of that, you have to have the asymmetric opportunity, which is what I'm bringing you each and every week.

So while while I'm finishing that thought, pull your phone out, UH, put a put a reminder, put a calendar reminder for this channel, for this time, for this station to be back with me each and every week. It's going to be the most profitable, the most important, UM have the most impact, UH, this this spot, this time, each and every week. So with that, let's go ahead and jump

into some content. UM what is going on this week that you need to be paying attention to UM as hopefully you're tun tune in with me each and every week. You know that I say each and every week that the prices really the least important part of bitcoin, especially right now. The prices what I call a short term distraction. However, I also call it a bait and switch. People come in for the price and then they realize the power that it has to change the world for the better.

We say, fix the money, fix the world, and that's exactly what's happening. However, it's that bait and switch. People need to come in thinking they're gonna make money. And so we'll talk about that for a minute. Um. And so, if you're paying attention to bitcoin and the entire cryptocurrency space, then you probably know that it's recently been taking a tumble back in and just just two weeks ago on November ten, we hit a new all time high. We're at about sixty eight about sixty nine thousand U s.

Dollars for one single bitcoin. Now, this is probably a good time for me to tell you, well, actually i'll sell you in a second. Um. So I hit about sixty nine dollars and um since that time in the last I guess thirteen days, As I said, it's fallen about sixteen percent. Now in the world of the stock market, when you're looking at the NASDAC or Tesla stock or anything like that, or you're looking at traditional assets bonds, et cetera, if they were to fall sixteen percent, that's

a pretty big deal. If the stock market crash. Sixteen percent would be really bad. Um, but in the world of cryptocurrency, it's kind of normal. So it's not that big of a deal. Now, I understand if you haven't been around that long, you might be worried about it.

Let me give you an example. So just if we go back to last month, about thirty days ago October one, you have October twenty one, we were at a high of sixty seven thousand, and then we dropped um twelve and a half percent over the next couple of days. So that was just a month ago. So we had a twelve and a half percent drop. Now we have a sixteen percent drop. I mean, it just it kind of happens. It goes up and down, up and down.

If we go back a little bit further in time, we can go back to September seven, We had hit a local high of fifty three thousand, and then we dropped all the way down, all the way down to thirty nine thousand, before jumping all the way back up this almost seventy thousand. So, UM, don't get caught up in these little short term movements. Don't get panicked. Um. That's why I say it's kind of a distraction. Um, it just kind of moves up and down. That's what it does. If you zoom out, it looks a lot

different than That's what I advise everyone to do. Now, I didn't say I was going to tell you something else. I'll tell you right now. I'm not gonna make you wait too long for it. And basically what a lot of people maybe don't know, maybe you don't know, is that you don't have to buy a whole bitcoin. You don't have to have fifty five sixty five thousand dollars to buy a whole bitcoin. You can buy a dollar's

worth of bitcoin. It's kind of like a you know, you've probably seen in the movies, like those big gold bars. Those are like four hundred ounce gold bars, you know at ah you know, gold price approximately eight dollars right now for a single ounce one of those bars is about about three quarters of a million dollars. You don't have to buy a hold gold bar. You can buy an ounce of gold. You can buy you can buy a gram of gold. And so bitcoin is kind of

the same way. Um, it's a big problem that a lot of new people have coming into the cryptocurrency space, and we call it unit bias, and so what happens is people go, oh, dang, bitcoins fifty thousand and sixty dollars, that's too expensive. I can't afford that. So what's this dog coin over here. I don't know what it is, but it's cheap, and since it's cheap, I should buy it because it's cheap, and one day it might be worth as much as bitcoin. And we call that unit

bias um. And so people think just because something is cheaper, it's better, which is interesting because we don't typically go through the rest of the stuff in our life thinking that, but some people have that bias. And so I want to kind of explain one concept to you and then we'll get into some more stuff. But basically, as you're probably all aware, a dollar, one US dollar is divisible into one hundred cents, right a hundred cents. A bitcoin

is divisible into a hundred million SATs. SATs sense kind of the same thing, just different divisibility um. And so just like you don't have to have a whole dollar, you can have one cent one penny, you don't have to have a whole bitcoin. You can have one sat or ten SATs or a thousand stats or a million STATS or whatever it may be. Um, I think roughly today, I think it's about fifteen hundred. I'm gonna look it up here while I'm talking to you. It's about fifteen

hundred STATS. Roughly thirteen hundred STATS equals one U S dollars, So just kind of give you, um that that comparison. So you don't have to buy a whole bitcoin. You can buy a percentage. And when it comes to investing, it's always about the percentage of gain. So a lot of times people come into my investing groups and they're like, um, hey, I have this amount of dollars, what should I do? And it's like, it's not about the amount of dollars

that you have, it's about the percentage. So I think about dividing my dollars into percentages, and I think about the percentage gains I can make on those. And so going back to bitcoin, whether you buy five dollars worth of bitcoin or five dollars worth of doge or five dollars worth of ethereum, it's it's still five dollars US dollars worth. That's your entry price. But then what's the percentage that it will go up by? Right, So that's one way you think about it. Don't be confused by

unit bias. That's one of the big problems that people have is that UM when they come in, maybe they'll start with an exchange like coin base, for example, or Gemini or cracking, and they'll open up one of those exchanges and they'll look at all the different cryptocurrencies that they have on there, and of course they don't know you really, they don't know what they all are. And a lot of times what they'll do is, we'll just go buy the cheapest one because of that unit bias.

And so I just want to want to caution you for that. Just because you see bitcoin is fifty or sixty dollars, you don't have to have that much. Just because you see a theoryum is it, you know, four thousand or you don't have to have that much UM. So you don't have to go buy the new meme coin because it's a penny or a fraction of a penny. UM.

Don't fall into that trap. All right. Now, I do want to talk about some really big news that that is happening right now, and a lot of people say this is why bitcoin has tumbled six because of this news. Like I said, we're down about from the high now. This news has been kind of recirculating and popping back up here and there. Everybody has been waiting for it to break, and it looks like it finally has. So

I'm gonna explain that to you. We'll take a look at if this is the cause um to have bitcoin drop, and if so, what should be thinking about watching and so forth. So I'm gonna talk about that. By the way, you're listening to the Mark mass Show, and of course, as I've told you, we're talking about bitcoin and cryptocurrencies and the de centralized revolution. I'm gonna break it down for you each and every week so you can have the best risk adjusted return of your entire life. You're

listening to the Mark mos Show. I'm gonna be right back and explained to you what or what potentially has caused this bitcoin drop. So don't go away, all right, Welcome back, You are back with me Mark Moss. Listened to the Mark mo Show and we're talking about bitcoin. Of course, bitcoin, cryptocurrencies in the decentralized Revolution. I don't mean to laugh, it's a pretty serious thing. I'm just

trying to have fun with you guys. UM, and if you tune in each week, of course you already know what I'm talking about, but it should be the most important, the most um, most important part of your week. As I break all of this down for you now, before the break, we were talking about, um, you know the recent drop in Big Points price were down about six Um. It's a distraction. And I kind of broke down to you just over the last month or two, how we've seen drops this big or bigger um, and so it

just kind of happens. But some people are speculating that this new piece of news broke that has been causing this to happen. And so, um, let me tell you what this is. So um this week we saw it says the headlines says Bitcoin heads for worst weekend months as the mount Cox payout looms. What does that mean the mount Cox payout looms. Well, basically, back way way wait wait wait wait, back in the early days of bitcoin,

which all the way about ten years ago. UM, there wasn't a lot of services and options, and so we didn't have coin based and cracking and Jim and I and all these options back then, and there was really one exchange that most people were using to you know, buy and sell their bitcoin, and it was called Mount Cox and Mount Cox at the time, I mean, nobody knew anything about this. It was it was such new technology.

Um there it was. It was brand new technology. So there was nobody that had come from you know, working on this previously, and so you basically had people trying to kind of figure this out in real time. And the founder of this mountain gockic Mount Cox Exchange. I forget the exact story. I don't have a pulled up um, but I think he had come from like the music business or whatever. He ran some sort of like a website that like let people trade music. If I'm if

I'm mistaken, forgive me. But he didn't really have a background in finance or stocks or anything like that. And so he kind of put this exchange together. And let's just say that he didn't have the best security, We'll just say that. And so all these people had their bitcoin on there. Now, at the time, bitcoin was very, very very cheap. It wasn't worth a lot of money. So at the time they had lots and lots and lots of bitcoin on there, and well with big exchange

with a lot of bitcoin and very bad security. What do you think happened? Um, Basically the exchange was hacked. Um, the thing got shut down, Um, the founder disappeared. All these things happened where it left investors losing a lot of money. Now at the time, they were losing a lot of money, but in today's dollars of bitcoin, it is a lot. And so they've been going to court.

It's been going on for years and years and years and years, and all these people that had money on that exchange, of course they want their bitcoin back because it's become so valuable now today and it's been going through court for a long time. And basically news broke this week that potentially these creditors are going to finally release the money um to pay off the people that

had money on those exchanges. And basically what they're afraid of is that once all of this bitcoin gets released, UM, it's just gonna be dumped into the market. It's all going to be sold into the market. Now, you know, your favorite economist is going to try to make things super complicated about the way the economy works and the way the stock markets work and all these things. But let me just make it simple. For you. Have you ever heard of supply and demand. That's basically how things work,

supply and demand. So when you have more demand for something, then there is supply, the price goes up obviously, And if you have more supply then there is demand, the price goes down. And so bitcoin has a consistent supply schedule, meaning um, every single day there's um new bitcoin being released into the environment, into the market, and you have

about a steady appetite for that bitcoin. If all of a sudden somebody comes around and dumps a huge amount of bitcoin into the market, adds to the supply, but the um demand doesn't increase equally, then it will put downward pressure on the price. Then the price will drop down, right,

And so that's what people are afraid of. People are afraid that these investors have been waiting for their money for so long, since since two tho fourteen, Um, they've been waiting for their money, and that you know, by the time they finally get it, they're just they just want their money. They want to be done with this thing and kind of and and just be over. And so that's what they're afraid of. If that happens, you know,

I don't know if that's the case. Um, but kind of put this into perspective, man, I think back in I don't know exactly I don't have it pulled up exactly the month that's happened. But you know bitcoin was it about two hundred bucks, you know, and it's up at right now. So these people are potentially going to get a lot of money, and so it might make sense they might want to capture some of that profit and dump it into the market. And so that's exactly

what people are afraid of. Now. Will that happen, Will that cause this, you know, to cause the market to go down? Will there be this increased selling pressure? Of course, we don't know. We don't have a crystal ball. I think what happens is people are always trying to figure out a re is and why the price is going up and down. But the reality is sometimes it just goes up and down. Nothing goes up or down in

a straight line. Um, it just moves right and so um, there's traders that are coming in, they're trying to take profits at certain levels, and so the price just moves up and down. We don't have to have answer every single time the stock market drops. The gold market drops or bitcoin market drops, and so I think a lot of times people are are are reaching right there trying to come up with news. These these news sites have to come up with an article. Um, but it could

it could happen, and something to be aware of. But again, that's why I keep going back to saying that the price is a short term distraction, because even if these people did receive, you know, this huge chunk of bitcoin which could potentially happen in the first quarter of next year. Um, even if that did happen, and even if they did want to sell a lot, that might put some short term downward pressure into the market, and we might see the price dip, but then as absorbed by the market,

and then the market just goes back up again. It's not going to change the long term trajectory. As a matter of fact, it might be good to just get this out of the way, because I was kind of saying before this, the same article keeps resurfacing every so often, Oh it looks like they're going to release the mount Cox tokens. Everybody watch out, um, And so it seems like it just kind of keeps recycling over and over and over. So I think it'd be good just to get it out of the way. Um, get it over

with now. This has nothing to do with the long term outlook of bitcoin, which we're gonna get into. I want to talk about some of the bigger news what's happening, um, and so this has nothing to do with any of that. It's just short term price. The other thing is that you know, when you look at some of these price charts, if you look at the technical analysis the candles, you see this volatility, and you're like, dang, why didn't Why didn't I just sell there? And then I should have

bought back in here? Um, why didn't I do that? Well, what they say is hindsight is right. It's easy when you're looking backwards. But the reality is, um, you can't trade news like this. There's no way to know the top or the bottom until you're looking backwards. So UM, you know, it just is what it is. In my opinion, I think you just zoom out your dollar cost average and that means you buy a little bit um over time, and the market demand will continue growing higher and higher

and higher. The technology will continue taking off more and more and more, and the price will just take care of itself. All right, Now, going back to what I said, this doesn't change the long term demand. There was something else that happened this week that, um, I think just shows how big of a demand this is going to have. As a matter of fact, there are some very important and powerful people who think it could have some of

the most powerful consequences of the whole world. I want to explain what that is when I get back in just a second. By the way, you're listening to the Mark Moa Show, and of course if you're just tuning it in, you probably don't know what we're talking about big and we're talking about cryptocurrencies. We're talking about this decentralized revolution that's happening. History is being made while we are watching. It's pretty pretty incredible when you step back.

So Mark Moss will be back with more bitcoin content in just a minute. Don't go away, all right, welcome back. You are back with me again, Mark Moss. As we talk about bitcoin each end every week, we're gonna be talking about the cryptocurrency markets. We're gonna be talking about

the decentralized revolution that is taking place. We're literally witnessing it as we go through and I know, um, you know, a lot of people are busy, a lot of people aren zoom out, the're not paying attention, and a lot of this stuff that's happening today, maybe you don't notice it, or maybe just it's just gonna blow over. But I'm telling you this is going to have profound implications for the future. Now, in my opinion, great implications for the future.

Some people think it could have bad implications for the future, and I guess it depends on which side of the power structure you're on. So before the break, I was talking about how somebody who's pretty powerful is worried that it could actually be bad. Um, But if they think it's bad, then I think it's good. So Um, the news story is that Hillary Clinton, good old Hillary, says that cryptocurrency has the potential to destabilize nations and traditional currencies.

Cryptocurrency has the potential to destabilize nations and traditional currencies. So think about that. So before the break, I was talking about Mount Cox and how um people think that maybe the reason why the market, the price, the US dollar value of bitcoin took a dip is because this Mountain Cox is finally going to release all these bitcoin that could dump on the market. Um, that's very very short term. That's like trying to ride a bicycle and

just looking at your front tire. You can't do that. You gotta look out ahead. UM. So anyone who's looking at this Mountain Cox incident and worrying about the price is basically staring at the front tire. Look at the long game. Here you have Hillary Clinton, who is you know, pretty influential in the world, pretty connected obviously, which is why the news news news headlines feature her, and she's saying that it has the potential to destabilize nations and

traditional currencies. It's going to be that big um. She warned of the rise of new crypto technologies and what that could mean. I mean, she's obviously not a fan um and she thinks it could undermine these Now she's not alone. We've also heard from Janet Yellen, who's at the U. S. Treasury saying the same thing. We have UM, people like from the ECB, the European Central Bank, from the i m F, like Christine Legarde. She says that she said that innovation is a threat to our financial stability,

basically the same thing as Hillary saying. But what they're really saying is that it's a threat to their monopoly on the financial system. Um. You might have heard of the Rothchild family before. UM, if you've been involved in finance, UM for any period of time, especially if you're into more of the we'll say, uh controversial type topics. I don't want to say conspiratorial, but you might have heard

of the Rothchild family. I think it was Mayor Rothchild and like the mid eighteen hundreds famously said I care not who makes a nation's laws, or say, I think he said, give me control over a nation's money, and I care not who makes the laws. So they don't care about the laws, they care about who controls the money.

And so when you hear Christine Legarde from the International Monetary Fund and the e c B, or Janet Yellen or now Hillary Clinton saying that cryptocurrency is a threat to the financial system, what they're really saying is that it's a threat to their monopoly on that. Back to Mayor Rothchild, he only wants to control the money. They're losing control roll of the money. And if you think about this, bitcoin is a open borderless, um permissionless, decentralized protocol.

That's all It is all. It is a piece of computer code at the end of the day. It's not any new technology like an iPhone. It's a protocol kind of like the Internet protocol, which is a t c P I P. If any of you have ever set up like your home router or something like that, you know what an i P addresses. So t c P I P is a protocol that's used for people to be able to send packets of information across the Internet. Well, bitcoin is also a piece of code. It's a protocol

that allows you to send value over the Internet. That's it, and so and and and not only that. Just like t c P I P the Internet protocol, the t c P I P Internet protocol is decentralized. Nobody owns it, nobody controls it. It's just it's a piece of code. That's it. It's just a piece of code that's open. Anyone can see what the code says is, anyone can build onto the code. Um, nobody's protecting the code. It's just a piece of open source code. And that's what

bitcoin is as well, open source code. And Hillary Clinton is saying that it has the power to undermine the entire financial system. So think about this. So the financial system. Think about the United States dollar, which is the reserve currency of the entire world. Um. It's a lot of people say still think it's backed by gold. Um. Some people think it's backed by nothing, which it is. Some

people think it's backed by the military, the guns, the weapons, etcetera. UM. So we have the United States dollar, which is the reserve currency of the world, the swift banking system, which is how the United States controls the world's reserve system, the reserve world's monetary system. So when you hear about the U. S slapping sanctions on Russia or sanctions on Iran, they do that through the swift system. If you've ever sent a wire transfer, then you know what the swift

system is. UM. And then we have the military, and we have all the we have the Federal Reserve, and we have all the banks JP. Morgan, and then we have the head of the Federal Reserve, and we have this the Treasury with Janet Yellen, and we have all these people, We have all this military, We have all

these things to support the financial system. I don't know, millions of people, millions of people, hundreds of trillions of dollars of manpower and technology to support the US financial system, and an open source piece of code it's gonna destabilize it. Think about that. Think about how powerful that is. One small piece of open source code that can literally fit onto a thumb drive that's not controlled by anyone. It's just a piece of code. A protocol could undermine the

entire financial system, could replace it, could replace it. But that's what that's what they're saying when they're saying they could undermine it. They're saying it could replace it. What what does that mean? To undermine it? They're saying that people might opt to use that system instead of there's right that's undermining it. Like um, if you're a parent that you have a kid, and your kid ask you know, you one question and they go ask your husband or

wife the other question. You know that they didn't get the answer they wanted and they go ask the other person, and they're undermining you, right, they're getting the answer from somebody else. So if you don't like the dollar system that trillions of dollars is being used to prop up UM, if you don't like that, well you could use this piece of open source code that nobody controls and nobody has, you know, power over UM, and people are opting to

do that. It's taking power away. It's just uh, it's it's a pretty amazing thought for me. Anyway, Hopefully you guys see the same thing. To look at that, an open source piece of code undermining the entire financial system. And and in my opinion, that's not a bad thing. In my opinion, that's a good thing. In my opinion, we need to remove money and state. We need a separation of money and state. Like we had a separation of church and state. We need a separation of money

and state. The government has not always issued money. They didn't create money, they didn't invent it. They should have no power to um create it and to control it. So we could opt to use a different system like this open source piece of code UM because I like that better, because I'm not being manipulated. It can't be stolen from me, it can't be seized, they can't artificially inflated, and they can't steal from me. That way, I tend to like that better. And if that undermines their system,

that's a good thing. Right. That's how technology works to actually something called creative destruction, and what creative destruction means is that when something new is created, when there's a new way of doing something, it destroys the old way. So digital cameras destroyed film grammars for the most part, right, Um, not because they're mean or because they're bad, they're just better. It's just better technology, and so why wouldn't I use it? And so that kill is the old way. That's how

it's always supposed to work. Um. You know, a forest fire burns away the underbrush so we can have new growth. And technology is the same thing, right, So it's it's a better way of doing things and it replaces the old and these people want to slow that down. Christine Leguard said that innovation is a problem. It's a problem, and so I think it's a problem that they want to stop innovation. But what do you think? I'd love

to hear from you. You can find me on Twitter at one Mark Moss, that's the number one at one Mark Moss, or on Instagram. I'd love for you to let me know what you think about that on my social media. Send me, send me a message at me and I will make sure to answer that question. I'd love to hear that you're listening. You listen to the Mark mo Show. We're talking about bitcoin, cryptocurrencies and the decentralized revolution, and I will be right back. Welcome back.

You're back listening to the Mark Moa Show, and we're talking about bitcoin and we're talking about cryptocurrencies, and we're talking about the decentralized revolution that is sweeping the world and how it's the biggest opportunity of your life, the biggest opportunity you'll ever see in your life multiple lifetimes, for that matter. And if you listen to me each and every week, you're going to have the information you

need in order to play this the right way. All right now, we were talking about before the break, how Hillary Clinton came out and said that bitcoin or cryptocurrencies could undermine the entire financial system. Um. And I said, how Christine Lagarde, she used to be with the i m F International Moentary Fund. It's like the central bank above central banks. She's now with the ECB, the European

Central Bank. She said that innovation is a threat to their financial Um is their financial monopoly is really what she's saying. UM. And so we're talking about that, and I was just saying, how um, how funny that is, how ironic that a small, open source piece of code that nobody owns, her controls, just a piece of code could undermine the entire financial system. And and and the reason why it undermines it is because it's better, so people opt to use it instead of of of the

of the current financial system that we have. And so um, it's interesting to see this happening in real time. And this week also we saw that India announced it says uh India could bar transactions in cryptocurrencies, but they could permit holding them as assets. Mm hmm, that's kind of interesting.

I haven't really heard that one before. Of course, if you've been following the space for any period of time, you know that countries pretty routinely decided to ban cryptocurrencies and then allow cryptocurrencies and then banned them, and they kind of waffle back and forth. Um, and India is definitely one of those countries. Now, India is definitely not the poster child for financial freedom. Let's just say that.

I think it was two thousand sixteen, so about five years ago they just kind of overnight decided that of shoot, is it. The thousand and five rooting notes were illegal. I think those were like, sorry, off top of my hand, I think you're like fifty bucks or something like that the time and this overnight. Sorry, Um, those bills are no longer legal anymore. You can't use them anymore, and we're going to give you. I think it was like

thirty days to turn them in or they're no good. Well, in India, it's a very rural country, and so people store their wealth and gold, jewelry things like that, but they also they also have a lot of cash, and they put a lot of cash in their mattresses or bury it or whatever they're doing. And so they said, hey, we're gonna make all these notes illegal and you have like thirty days to turn them in, so you better

go to the bank and turn them in. Oh and by the way, if you can't produce all the paperwork of how you got those dollars, then um, there's like this massive fine. I forget like a fifty fine or some tax or something like that, or they're gonna seize it from you. So that was pretty interesting. So that's

that's the case with India. So now this week they're saying that they want to blow are the use of cryptocurrency for transactions or for making payments, but they will allow you to hold them as assets like gold, or like stocks, or like bonds or something like that, which is pretty interesting. So a couple of things that I think that are interesting is one they obviously see the um let's just say, the long term potential for increasing your purchasing power, for going up in value. Right, So

they see it. They see it as a good potential for making money. UM. So they don't want to bar their citizens from participating in that. So that's at least a good thing. You know. The one thing, UM, A nation could make buying cryptocurrencies illegal. They could do that. They could say, if we catch you with cryptocurrencies, will throw you in jail. They could do that, but all they're doing is barring their own citizens from participating in it.

It doesn't actually stop it or shut it down all right. So UM, India could say no one is allowed to do anything with it, you can't touch it, trade at nothing, um. And that would not stop it here in the United States, which will be using it. UM. It would only prevent people in India from participating. So what they're doing is just making their own citizens poor and so somehow India seems to recognize that because they want to allow them to hold the assets like gold or or stock or bonds,

but not use them for transactions. And they says that this approach would avoid implementing a complete ban. Now, I don't know exactly how they'll do that. My guess is they would probably do something like a like some sort of like an index or fund or like an e t F where you can buy gold through like a gold ETF right now, but you don't take the physical gold. You can't you know, take possession of it. Um, you just have access to the price of gold. I definitely

wouldn't recommend holding gold that way. We just had the launch of the first bitcoin et F. I think it was about a month ago now, UM I talked about it on this show back then, and we had the launch of the first bitcoin ETF, and that's kind of the same way. I don't own bitcoin, but I have exposure to the price of bitcoin through the e t F. And so maybe India would do something like that, create some sort of a fund or an et F where you have exposure to the price but you don't actually

own it. Maybe, UM, but in the India's Prime Minister said um that he was concerned that unregulated crypto markets could become avenues for money laundering and terror financing. Oh, it's always the big boogeyman that comes out, right, they think about the worst things. Um, there was a fence in so FENCIND is the Financial Enforcement Crimes Network for the United States. Um, it's one of the big, you know, money regulatory bodies in the United States. They did a

big study that was called the Fence IND Files. I think it came out six or nine months ago, and they basically showed how the big banks of the world, the hsbcs, the douche banks, etcetera, have have laundered over two trillion dollars as two trillion with a t two trillion dollars laundered money for cartels and things like that.

That's dollars. That's the dollar system. That's the dollar system they control, and they can't stop it with that, and they're worried about, Um, you or the people in India with very little money, they're worried about them potentially laundering money. What does that even mean? Laundering money? So that's basically doing anything that the government hasn't given you explicit license to do. I mean, if you think about that for a second, they're basically saying you're not free. You don't

have freedom to do with your money as you see fit. Um, you can only use money inside the consigned, confined space and limits that we give you. Now it's interesting about that is I think that you know, if if the United States, there any government for that matter, said that drugs were illegal, which of course they did and they are, Um, that doesn't make you want to go do them right, um,

But still even then they can't stop drugs. But what about when a nation tells you that you don't have the right to hold your wealth in a way that we can't steal from you. You don't have the right to use, um, whatever terms of buying and selling that you want. You don't have the freedom to move your money around except for in the regulated channels we give you. When they tell you that, it makes you want to do that. And so I think it's pretty interesting to

see this. So while people are so busy going, oh my gosh, the price of cryptocurrency dipped bitcoins down twelve percent, is mount go is gonna sell all those bitcoin really? Like you're worried about it from a weekly basis. I mean governments are worried about them being replaced by these assets. That's how big they are. So if you're if you're looking I say it all the time, if you're looking at your portfolio on a daily or a weekly or

even a monthly basis, you're never gonna make it. We call that m G M. I never gonna make it. You need to zoom out. We literally have Nation we literally have Hillary Clinton warning you that they could potentially undermine or replace the entire financial system. And yet you're worried about or people are worried about the price dipping fiferent because potentially, uh, potentially the Mountainox tokens will be dumped onto the market. So I would just say, zoom out.

I give you this information because this is a long term play. You hold this for five years or ten years, it's going to change your life. But if you're looking at the news on a daily, weekly, monthly basis, and oh my gosh, then the price dot drop fifcent, I should probably sell right now. You're never gonna make it. So I give you this news to show you where things are going. So you have what we call the strong hands, the diamond hands, that you can hang on

through any of these dips. Be like Warren Buffett. Warren Buffett's a household name because he's one of the most successful investors in history. He bought Coca Cola in six four, I think, and he still owns it today. How many dips as he had to hold through to continue to hold that today. And that's the approach you need to take with bitcoin and cryptocurrencies. All right, you're listening, by

the way, you're listening to the Mark Ma Show. If you just joined me, I'm talking about bitcoin, cryptocurrencies and the decentralized revolution each end every week, so put a calendar make sure you're back with me this time. Thanks for listening.