The Mark Moss Show Oct 15, 2021

If you're just tuning in, don't miss next week. Pull out your phone right now, set of calendar appointment for this time on this channel. I'm gonna be with you each and every week. But we've been talking about the debt ceiling, the FED printing a lot of money, um the catalyst that drive the price of bitcoin up. We talked about how it's back to the level it wasn't it's been about five months since it's been there, and

really understanding that there's two factors that drive that. One network effects the amount of people coming in, but also the development that's going on. And so we talked about Bank of America coming on, bringing on more customers, more development, et cetera. But I have brought a good friend, an old friend into the studio with me. Right now. I got Windy. Oh, she's known as crypto Windy Oh on Twitter. Give her a follow, look her up, um, just crypto Windy. Oh.

And anyway, Wendy, thanks for joining me. Mark, thanks so much for having me. I. You know, we've been friends for quite some time, and it's just so cool to come up with people that you love and come up with like awesome people to surround yourself with. It's like it's a great thing because if I never need anything, I can call you on the phone. Hay Mark, Hay Mark, can you help me with this? What do I do with this? And You're like, hey, calm down, it's okay,

we can do so just thanks for being you. Yeah, that's that's awesome. You know, we've both been working hard over over a long number of years now and uh, just for everybody listening, she just got done doing a segment on Fox News, and uh, I was lucky to snag her right after she was done on Fox News. So so she's doing out big things as well. What

were you guys talking about on Fox News? Well, we talked a little bit about our good friend Bitcoin's good friend Peter Schiff, because Peter Schiff is apparently mining gold at Nottsberry Farm and southern California, And I know you guys can get that joke with a little a little thing over there. So we talked a little bit about Peter Schiff and then um, we also talked about, you know, how to how to kind of spot some crypto gems and whatnot. Yeah, yeah, Peter Schiff is a is a

funny story. You know, it's uh, it's it's funny. It's maybe a little bit sad. Um. You know, when I kind of I made a lot of money and in two thousand and eight I got wiped out. Um, I knew how to make money, but I didn't understand this financial system. And so when I started learning, like Peter Schiff was like very instrumental in helping me figure out why we need to sound money. Him and Mike Maloney

were both both a piece of that. And and from like an Austrian um economist side, like he gets it. He understands the problems of the financial system, but he just won't give up on gold, I guess for whatever reason, and it's not working well. I think I think what it is is Peter is a very smart man, and a lot of people on social media they're marketers. That's

that's that's the name of the game. And Peter has is found that by being an enemy of bitcoin, it is bringing him attention, it is bringing clout, it is bringing clicks, it's bringing revenue in. So why wouldn't you want to start a a internet beef with with with bitcoin? Well, I think that's I think you're right on the mark with that, and and there's a number of people that are trying to do the same thing that Hanky's kind

of doing the same thing as well. But what's interesting with Schiff is, I mean he runs a gold company, and so you know gold was money for five thousand years. Now the money follow the money, right. But but what's interesting about that is, as I'm just thinking through it is gold, gold is money for five thousand years. Now Bitcoin is kind of becoming the store value. So he's

he sees that kind of attack on his gold for example. Um, but if he kept the attack on what the Feds doing, then it keeps it could still kind of make gold look good. But when he keeps making gold compared to bitcoin, all it does is make it worse. Right, Well, this is the thing. He has a personal interest in gold for multiple reasons. He's invested, he's got the company, he's

got the courses, he's got all these things. And he also sees all of the interaction on Twitter, on social media, all the backlash because, let's face it, bitcoin maximalist, I respect their right to be so passionate about something, but some of them can be a little bit toxic, and he knows how to poke, to push their buttons and rile them up. That's why he's doing it. And at the end of the day, people humans, they have personal areas of interest, and his personal area of interest is

himself and his company and his money. Therefore, he's doing all of this fighting back and forth with the maximalist because it gets traction, is getting interaction, and it's worked out very well for him. So why why side with the bitcoin maximalist when he can simply continue to build his wealth and his brand on the hostility. Yeah, and

and and and your right on that. And that's unfortunately, it's unfortunately that's the way that engagement really gets going today, right, is inciting that kind of anger, and really that us versus them mentality. And so if they can put bitcoin against gold, now I would like for bitcoin and gold people to both rally against the government. That would seem better, um, but it would also make gold look better because he could at least kind of argue that it's held as

purchasing power. But again, comparing it to gold hasn't been Have you seen some of the stuff his son has been tweeting out? You know what, again, it's a very it's it's a marketing tactic. What they're doing is a marketing tactic. So that's why one of the I'm going to drop a piece of alpha for the audience. The biggest piece of alpha I could drop for you is follow the money and don't necessarily believe everything you see

on the internet. Listen to different people, listen to what they're saying, but make your own assumptions because a lot of theatrics go on. Back in the day, we used to go watch plays and we used to see people perform. Then we went to the movies. There's different areas of entertainment, but now all of the entertainment we see has all done on line. Twitter is a stage. Yeah, and so you know it's interesting before the Internet, it was the

problem was getting the information. Today is we have too much information, so now it's like trying to discern the information. So um, the problem has changed. But yeah, it's it's a it's a different skill set unfortunately that most people need.

I agree. I agree, And it's it's kind of hard to filter out information like what is real, what isn't real, and then finding that in the middle and the media and people like Peter schi if they know how to play on our emotions, they know how to play on things that are near and dear to our hearts, and that's what he does with the Maximalists. And you know, it's kind of comical times, like I just sit back and I'm like, you know what, I see what you're doing.

I see you over there, and I just don't even comment anymore. And it's just it's just it's just all it's all for the lulls. So um. You know we've been talking about, like I said, I was talking about the the debt ceiling, I'm talking about how the more money they print, the more you know, the less the purchasing power goes down, which is these are factors, which is why, um, what you store your wealth and matters

and why bitcoin goes up. I've talked about the the adoption, you know, like I like I kind of wrapped it up for you with US Bank bringing on custody. We talked about there's potentially an e t F that they say has a seventy chance of coming on online. I think they're e gauging that through the betting markets kind of scene where that's going. And so really in these

new technologies, it's about seeing the network effects grow. So that's the users and then also development and so these new features and stuff like that, and and that that's the stuff that I like to look at. I was saying that I think some of this short term this

price is a is a distraction a little bit. And I say that for me personally, and I want to I want to bring you onto counter this for people that are listening, because, um, you know, for me, I mean, I'm busy, I'm working, I gotta I got a business, I got a family, and so I'm kind of like this long term investor. I always kind of have been.

And so I think in things in terms of years. Typically, I mean I got my teeth cut in real estate development and those were two or three year product X, So like that's kind of time frames I look at. So the short term price I it's too much distraction for me, but I know that you keep up with that, and so I'd like to talk about that a little bit, um and and you can fill us in a little bit on that short term price action because I know

that you're an expert in that. UM and so we were talking about how, you know, bitcoin just popped up to fifty five thousand, which I think it's been about five months since it's been there. UM, before you tell us where you think it is, what's going to happen next, because I know you've got the crystal ball. Before you

tell us that, I wanna pause for one second. When we get back, I want you to then explain to us where you think it's going to go, because I know you have a good edge with that, and so people want to stay up with that real quick. If you're listening in you're listening to the Mark Mo Show, I'm talking about bitcoin, I'm talking about cryptocurrencies. I'm talking about the digital revolution to decentralized revolution. I'm on with

my good friend crypto Windy. Oh. If you're on Twitter, giver a follow, follow me one Mark Moss, send us both a tweet, ask us a question and we'll answer it for the show for next week. UM, So follow us on those places, and like I said, get out your phone right now, put out a calendar reminder and set this time and the station that you're on, so you can tune with me each and every week and we'll be right back with crypto Windio to find out what is going to happen with the bitcoin price action

when we come back. All right, welcome back. You're listening to the Mark Mos Show. We're talking about bitcoin, We're talking about cryptocurrencies. We are talking about the decentralized revolution, and I've been talking about uh for the for this whole show. Now I'm talking about these big fundamental factors why it's pushing bitcoin up. But I'm here with my good friend crypto Windy Oh. Find her on Twitter at

crypto Windy Oh. Give her a follow, um, and she is kind of an expert on looking at this price action on shorter time frames, and so Crypto Windyo with Windy, we're we're back up above around. We haven't been there for I don't know five months. I think at this point, Um, what are you seeing in the price action? I guess at this point. So this is the thing they're like, people get so excited and they get so fixated on price,

and I get it. But if you're not like somebody like yourself, that's like in this for the long haul, long term investor, you don't have to be so concerned on the price. Like if if you believe in something dollar cost average weekly or dollar cost average or whatever. A lot of people tend to forget that when you work like a traditional line to five. I don't anymore.

But when you work at nine five, you pull money out, you have your company or whoever it is, automatically put it into a four oh one K or I ra A or whatever traditional financial product there is. And that's essentially dollar cost average, and you're letting somebody else manage your money. But with bitcoin, we get to do ourselves, so people tend to and when your dollar cost averaging you,

it takes the emotions out. It takes the emotions out because you're just dumping money in and you're looking way. But as far as with bitcoin today, yes we are close to that area. We did have a bit of a pullback which we discussed on my YouTube show because I do daily technical analysis Sunday night live streams. But we're seeing a lot of people get very excited about like this price. It's like, oh my god, Oh my god.

And you can also see, like on the Twitter feed, you can see you can tell when bitcoin is green because everybody's happy. And then when bitcoin is read and we get a red candle, it's like it's the end of the world. So me personally, like, unless I'm going to get into a scalp or a longer term swing trade or whatnot, I'm i focus on price because it determines what I'm gonna do with my all coin investments. But at the same time, it's not something that's going

to drive me crazy. And I know we're seeing a lot of crazy predictions. We have people. I want to say it was Bobby Lee. He came out and said two thousand dollar bitcoin en stuff like that's ridiculous. It's absolutely ridiculous because the amount of capital that would need to flow into bitcoin would need to be pretty significant. Yes, you can track that with John chain analytics and with

wallet addresses, etcetera. But realistically, people are going to invest and they're going to trade when they want to trade. So as far as like this, this notion about being obsessed with price, you don't do that with your four oh one K. I doubt many of you. Like how many times Mark, have you ever had a four O one K? I do, yeah, and I never check it

and never look at it. Okay, see you don't check in, And I can guarantee a lot of the audience resonates with that you have four O one K. Only time you check it is when you get those scoofy silly print outs from your job. Whatever. I never did. I was like, I'm throwing this out. I would throw them out. So as far as Bitcoin, I'm very optimistic for quarter four. I'm opten, very very optimist supercore four, but one of the things I want to drop, and then the panic's

another piece of alpha. This bull run is different than the other bull runs, and this is gonna be a little bit of fundamental aspects coming in. We have n f T s that are fully functioning, we have defy ecosystems that are fully functioning, and we have crypto projects

that have actually created viable ecosystems that are functioning. We didn't have that, and I'm noticing that money is fulling from n f t s to defy two all coins tow Bitcoin, rinse and repeat, and I feel like that is essentially helping to keep Bitcoin propped up, which is outstanding. It's a beautiful eCos system. But as far as price action, I you know, even if we were to drop down to thirty dollars again, which I doubt that's going to happen this quarter, but if we do, I'm still bullish

and we're still in a bull run. I still think that we are still in a bull run, and I do think that we are going to see eight five to about a hundred thousand dollar bitcoin. Wow, I've been I've been saying that. You know, I try to I try to remain conservative, um kind of to your point about Twitter, kind of almost schizophrenic based off of where the price is. Because the price is so volatile, and I've been doing this for so many years. I try

to really limit myself. I don't want to get too excited when the price goes up, because then I don't want to get too depressed if it goes back the other way. So I just try to be like, you know, uh, if I if I set my long term time frames and that doesn't really matter what happens in the short term. But yeah, I've been saying I think about a hundred thousand by the end of the year. Um. But of course, I mean it's anybody's guess. Um. One thing I hear from a lot of people, and I'd like to get

your opinion on this. UM. One thing I hear from a lot of people is they say, UM, you know, I've learned. I've learned from these you know for the last bowl market, and this time I'm going to sell at the top and then I'll buy. They didn't. No, no, they didn't, No, no, nothing, they didn't. But they're saying now that I learned, so that they didn't know. But what I'm saying is no, they did not learn. And

the reason the reason why they did not learn. I am very active on TikTok, I'm active on YouTube, I'm active on Twitter, I'm active on all these social media platforms is my job. And the type of comment like I made a video saying I am going to be selling about six of my crypto portfolio. As you know, I'm gonna I'm gonna continue to do that when I say I'm selling, I'm just taking profit on the way up. I'm putting those into stable coins, I'm putting those onto

D five platforms and earning paths of income. The reason why I'm doing this is because I'm minted bigating my risk. I do a lot of technical analysis, and technical analysis is a tool that we can use to time the market. But at the same time, there's other things that impacted, like emotions and psychology and just how I'm feeling that day. That's why I'm taking profit on the way up. But

a lot of people are not doing that. And I see it because they call me all kinds of things and my mentions and my comments, and I'm like, you know what, you don't want to mitigate risk. Don't mitigate risk. That's on you. But this is my income. This is how I live, that is how I pay my bills. So I'm gonna be mitigating my risk. But they're not doing that. They're they're not. And you can't time the

market perfectly. If you can time the market, if you can time bitcoin within five thousand dollars of all time high, you did good, You did really really good. Well. The problem is is that we you know, when you look at a chart, because so volatile, you see these huge peaks and valleys and you look at and go, oh, I didn't I should have just sold right there, and

then I would have bought back in right there. But the problem is you don't know when that top is the bottom is until you're looking backwards at it, and so like the hindsight kind of thing, but the reality is we don't know, and there's so many other factors

that play in. One thing that's cool with bitcoin I was talking about earlier, different than any other market is that we have on chain analytics, and so the on chain analytics are are helpful at least a little bit to kind of see are the big whales buying, the big addresses buying? Is that the small retail buying? Like who's selling? Um? Do you do? You look at that

kind of stuff? Um? I pay attention to it, but not super heavily because the way my mind works is I like to focus on technical analysis, and the reason why is because it helps me. If I'm looking at too many things, my mind is like, Okay, well what about this? What about this? What about that? So I tend to not do as well. But when I cover things on my show, we sometimes do look at on

chain analytics our analysis. And the reason why that's so important is because when we're looking at traditional financial products, like people use a Bloomberg terminal, that's what you use, and with bitcoin, we don't have a Bloomberg terminal, Like we don't really have quarterly reports, we don't have income statements or whatever they use for that. That's silly, goofy traditional finance stuff. But with bitcoin, on chain analytics are important.

Mining economics are important. When are the miners taking profit, you prop you kind of want to pay attention to that stuff because they're the ones that are doing the O t C deals like they have to sell. So we need to look at on chain analytics, We need to look at mining economics. We need to look at liquidations when it comes to exchanges because there's a lot of people that are taking out these big positions and

you can track all that stuff. So it's important to focus on all of these different aspects because even with the chain analytics, you can see when the whales are fine, but you can also see how many wallets have been dormant, who's holding et cetera. And that's a beauty of blockchain technology. Yeah. Yeah, it definitely changes a lot of things. I know. UM, over here on in Puerto Rico of one of my one of my new best friends, I've only made two,

so he fits there. But he runs a hedge fund and he's you know, he's trading different assets and he's not really into bitcoin, but I keep telling on them, like, man, the data that you have there, it really changes everything. UM, I want to get into um some things about you mentioned earlier, like scalp trading, swing trading, and um this kind of new batch of these TikTok traders and stuff. So we're gonna talk about that when we get back. Um, you are listening to the Mark Moss Show. We're talking

about bitcoin, cryptocurrencies, the decentralized Revolution. I am here with Crypto Windy. Oh give her a follow on Twitter Crypto Windy O. Um, of course I am one Mark Moss on Twitter. So send us some messages. We'd love to hear from you and we'll be right back. Hey everyone, welcome back. You are listening to the Mark Moss Show. We're talking about bitcoin. We're talking about cryptocurrencies and the decentralized revolution. Literally the biggest wealth transfer we have ever seen,

the biggest one you will ever see. And the way to take advantage of it, the way the profit from it is to have asymmetric information. That means information that most people don't have, which is why you need to tune in with me h and every week, UM with my good friend Wendy UM. You can find her on Twitter at crypto Windy. Oh she's on YouTube as well, so make sure to give her a follow, send her

a message telling you heard her here on the show. UM. And before before the break, she had mentioned something about you know, swing trading and um scalpel trading and all these different techniques. UM. And she also mentioned like her audiences on social media, like TikTok for example. And we've seen over the last year really since the pandemic broke out, we've seen the rise of the robin hood trader and

now the TikTok trader kind of thing. And UM, I see all these people coming into the space and they want to quit their job and they want to be a full time trader. I'm not on TikTok like you are, but give us a little bit of the landscape because the stories that I hear, and I don't have first time experience with the stories I hear. It seems pretty dangerous. Seems like there's a lot of bad information going on around out there. This is the thing. TikTok is a

great platform. You can get a lot of information that you may not see on social media or media outlets, whatever it is. So TikTok does have a lot of really great things there. However, there are some issues and the issues there issues that can arise is that there's

a lot of misinformation. The misinformation is is like I made this much money in crypto, I did this, or I did that, or I'm putting you know, twenty dollars into um coin X, Y and Z that is trading at fifty Setoshi's and once it goes to a dollar, I'll become a trillionaire. That type of stuff is ridiculous and a lot of people this is the thing. The way our minds have evolved is that we are generally prone to believe anything that we see without doing research

because we're not taught to do research in school. We're not taught to a lot of our parents. You know, we're busy raising us as kids. They didn't really you know, kind of hone in hard like got to do your own research or you know, not just not just that, but even today we're seeing uh literally like the propaganda coming out about you know, the whole pandemic thing. They're saying, don't do your own research, like they're saying, it's dangerous

to your own research. And then they're virtue signaling now it's virtuous to outsource your thinking to experts. Don't think, just listen to the experts. So to your point, we weren't taught it and now they're even discouraging it. Well,

let me tell you something. I worked in healthcare, which in HIV AIDS for seven years, managing and coordinating patient care and probably you want to know the fund And one of the most interesting things that I saw in my healthcare profession I saw doctors and pharmacists googling information, googling information. The fact that these people are experts and they're having to google information that you can google yourself. That tells me a little bit about everything. And that's

all I'm gonna say about that. Well, true, true, true story on that for a second. I mean we're going off topic here, but this is a true story. My sister is an e R doctor and she was working in her hospital I'm not going to mention where um and unfortunately is in California, and it was understaffed and they just couldn't get this hospital running right. And uh it was I think late at night, overnight shift, and she had a patient come in with like a whatever

the devices that keep your heart running. I forget um what it's called. Remember that she couldn't get the cardiologist to come in, like it was like late at night, and he wasn't answering, he wouldn't come in whatever, Like the patient's going to die, and she literally went on YouTube and found a video of how to like rewire it or whatever and did it off of a YouTube video save the person's life. But anyway, to your point, it wasn't It wasn't Google, but it was YouTube the

same thing. But yeah, but and that that's the thing is like I mean, and this this kind of goes back to bitcoin and the ethos a bitcoin about being a freethinker, about being self sovereign, about being free and you need to ask questions like like the way I learned about bitcoin was by doing my own research and like educating myself and it's okay to ask questions. It's okay to think for yourself. If you're doing in a respectful manner, you're like, hey, I just want to know

more about this. That's okay. And if you're listening to this, don't let anybody discourage you. That's on being educated, that's on taking responsibility for your own actions, and that's on you wanting to improve your quality of life. So somebody is making you feel bad for not educating yourself, that's on them. That's not on you, And that's probably not somebody I would associate with. But back to the whole TikTok thing. TikTok screat you get a lot of great information.

My videos that are informative, they do, they get less views than the ridiculous ones. And people the one the videos that get the most traction are people making crazy money, flexing gains, doing all this ridiculous stuff. I saw some kid he was selling like He's like, I made this I made in ethereum by putting putting the sign up with the QR code and telling people they can use my hose for some ethereum and I'm gonna leave this

stand here. And they're gonna give pay me an ethereum and like it was all cap it was all fake. But it's like, don't believe everything you see on the internet. Trading is hard, Scalping is hard, swing trading is hard. Investing is hard. That's why we don't have a lot of people. That's why the majority of the population doesn't do it. So if you see somebody making easy money, they're probably not giving you the full picture. And also be weary of those people with Reugh links in their

bio or courses in their bio. Again, I have nothing against that, but at the same time, if this person is saying I'm making all this money, I have all this wealth and you can do it here, that's a little bit concerning to me. Yeah, I had, I've never been. I mean, I guess I'm a gambler because I'm investing

and I'm building businesses, which is always risky. Um. But being in southern California growing up there, I had you know, Vegas was always close by, and we'd go out to Vegas on a pretty regular basis for for a while there, and some of my friends would have like v I p at at whatever casino right because they'd go and they'd gamble a ton of money, and they would have times where they came home, you know, fifty grand, a hundred grand they won, and as glamorous that is, there's

even more trips where they lost thirty fifty grade. Nobody talks about their losses. Mark. That's the thing is like, I'll talk about my losses, like I've had some pretty big losses in crypto um, either with a portraiting plan or because I did something that was ridiculous like or you know, whatever stuff happens. But at the same time, nobody's sharing their losses, Like people like, look at my algy. My body is doing X, Y and z. It's like, okay, but I want to see your losses because the body

isn't No body is a percent accurate. Like if getting rich was so easy, everybody would be rich, and not a lot of people are rich. The other the other thing about that too is that um, you know, a big, big problem that I see is that you know, the professional investors of the world, well, let's say the TikTok investors of the world, most in esters, most people that come into it, all they think about is the gains,

the potential gains. How much money I can make. Whereas professional investors, the Wall Street investors, they're always trying to manage the downside. It's a totally different game. They build wealth by not losing wealth as opposed to trying to swing for the fences all the time. And so just that shift alone, I think is is massive to get.

That's actually really good. Um, that's a really good point you brought up, Mark, because I am I have this term that I use that somebody in crypto, like a good family friend of mine, taught it to me a long time ago. But it's a moon bag. And whether it's bitcoin or crypto, a moon bag, or any type of investing, it's mitigating glosses. It's when you're in profit and you take out your initial investment and you take

out your profit, you pay yourself. You take that profit and you compound it, you roll it, roll it over into something else, and you rinse and repeat this over

and over again. And each particular bag you have, or maybe you just doing this to accumulate more bitcoin, whatever it is, but each particularly each time you do that, you're owning something free and clear essentially because you've paid yourself, you've taken out your disposable income, and you're able to have free capital to continue to do this over and over again. And when you own something fretety clear. If it goes to the moon, fantastic. If it goes to zero,

you've already paid yourself also too. You want to manage the downside. We are in a very amazing time for bitcoin, for crypto as a whole. But at the same time, and Mark you've been through bear markets, you know, you know, a lot of the stuff, this stuff, a lot of a lot of the stuff goes to zero. Bitcoin is not going to go to zero, but a lot of all coins go to zero. Take your take some take some money off the table, put it in a stable coin, toss it into Celsius or Blockfire, Voyager or you know,

f TX, whatever it. Maybe toss it into a place where you can get some passive income. But if you're sitting there and you're not managing the downside, or not even thinking about the downside, that's a serious problem. Because let's face it, bitcoin is a beautiful thing. It's a beautiful thing. But what happens if you know, we don't know what the future holds. What it's a very new asset, what what do How long has bitcoin been around? Twelve years? Ten years? Yeah? Not not not that long. It hasn't

been around forever. And as bullish as I am, I can't go a hundred percent in because I got wiped out in two thousand and eight for making that mistake and I can't make that same mistake again. Now. UM, you are listening to the Mark mos Show. I'm here with crypto Windy O Finder on Twitter and YouTube crypto Windio. UM.

We are talking about bitcoin cryptocurrencies, the decentralized revolution. I want to talk about you mentioned just now stable coins, UM, and there's a lot of regulations happening with stable coins. Some of that you mentioned Black five Celsius, they're coming under fire. I want to talk about that because there's some stuff that people need to be aware of. UM. So we'll be right back with that. All right, Welcome back. You are back with Mark Moss on the Mark ma Show.

We're talking about bitcoin, cryptocurrencies, the decentralized Revolution. I'm trying to bring you the asymmetric information, the information that most people don't have, so you have an edge always whenever you're competing, whenever you're investing. You need to have an edge, and your edge is having this information that most people don't have because they're not paying attention. So make sure set your calendar. Come back each and every week at

the same time on the same channel. I'm here with my good friend crypto Windy. Oh find her on Twitter, crypto Windio and on YouTube as well. She's a wealth of information, a really good friend, and so Wendy. Before we took that break, we were talking about I wanted to kind of transition and do something you had said. I mean, you talked about, you know, taking profits and putting them into stable coins um and then you talked about you putting those stable coins onto Celsius or Block

five to earning yield on those. Now I have I say over and over, I don't take profits on bitcoin. I don't ever plan to sell my bitcoin. My goal is to never send my bitcoin. My goal is to borrow against my bitcoin if I ever need that money. UM but I do use stable coins in different ways, so I believe that holding cash is important. I believe that um cash is should be one of my allocations.

UM but I don't like my cash sitting there doing nothing, so I like to take some of that cash, put it into stable coins and earn a yield on it. So I I do that as well for different reasons. UM, But lately we've been seeing that there's, uh, these these platforms that are paying these yields out are coming under a lot of fire, specifically Celsius and block Fire. I'd

like to get your take on that. Um. It almost seems like to me, Um, the government hates competition, and so it's like the banks are paying like zero point zero one percent interest, they're paying seven or eight They don't want that. What are you seeing on these regulations and what do you think about that? Um? These regulations are happening, they're cracking down on these exchanges because it is competition against the bank. Why would you Okay, let's

let's talk about this. Let's let's first talk about the banks. You go to a bank, the banksters. Let's talk about the banksters, the fancy suits. You go to a bank, they make you sit there for hours to open an account. Okay, fine, great, you deposit your money into the bank. The bank then charges you a monthly service fee. And some people, you know, you're able to mitigate that if you make a certain

amount or if you keep a certain certain balance. Let's face it, there's a lot of Americans that don't even have five in a savings account for emergency fund. And you know, that's that's another topic for another day. But at the same time, and that is essentially targeting people that are poor. And I grew up poor, so I'm gonna I'm talk about being imported. I'm gonna use that term port grow very, very poor. So what they're doing is is they're targeting those people and they're charging them.

The bank is charging you to loan your money out. They're taking your money, they're loaning it out, they're making income on it, and they're charging you to do that. What like, how is that not predatory? How is that not wrong? That makes me absolutely angry to hear that, And of course they're going to get mad, and of course they're going to come after like the platforms like um like block fight and selsius because you don't have to pay money to hold your crypto there. You don't

have to pay money. You could just transfer your cryptoe and obviously there's a fee whatever, fine, but you get and then you get up to the eight percent cash back or stable coin back whatever it is. They don't want that competition because once the work gets out, everybody's going to go there. That's what they're doing. And it's sad. Yeah. Um, yeah, it is said to to kind of even compound on that, I mean to to make this even bigger. I mean, this is a global thing. And so we talked a

lot about things in the US. Obviously you're listening on the radio right now, listen to the Markmas show on the radio. Um, and so you know it's obviously US centric, but um, in El Salvador they've made bitcoin legal tender. And I was down there. I've been working with Bitcoin beach down there, and um, some things I didn't fully understand, and I travel a lot, so I kind of have the perspective. But to your point, um, the poor adversely affected.

You have a bank account, you have to pay, you know, monthly to have your bank account. Well, most times those fees are waves because you carry balances whatever. Um. Down

there in El Salvador they don't carry either. They don't they don't carry those balances, they don't wave those fees, and so typically they're paying anywhere from twenty five to fifty dollars a month to have a checking account and most people they make a hundred bucks twohunter bucks a month, they can't they can't pay that, so they don't have bank accounts. And then so they can't even join the

financial system of the world. And then on the other on the merchant side, to have you know, most of the merchants are selling papoosas or coconuts on the side of the road, or they have a little bodega selling waters whatever, um, And they have to have about fifteen to twenty tho dollars a month of revenue to get a POS system, to get a merchant account, which they don't have. So the merchants can't accept digital payments, they can't be in the funding system, and the customers can't either.

They're completely boxed out. Um. So just to kind of show how big that problem that you have there. But anyway, so going back to the competition, what are you seeing the government's doing here? Like, what's the threat you think the threat is? Is they? I mean, we're crypto is

a threat. Cryptome Bitcoiner is a direct threat to the government's And it's not even it's just we pay so much in taxes and I'm not saying I'm at I don't like paying taxes, but at the same time, like we don't even know where tax dollars are going, Like they say your tax dollars are going to go fund ABC. Really, then why are my tax dollars going to go fund

to school that you're saying it's going to. But the old neighborhood that I lived in, the schools are like a three out of ten and the people that live there don't even send their kids to that school because it's so terrible. So explain to me how my tax dollars are going to help fix this. So there's that aspect. But they want the governments want control, the banks want control,

they want our money. They're utilizing us for, you know, to fill their pockets, and that's why they're coming after Bitcoin. Stable Coins are not poker chips, Gary Gensler. They are not. They're they're a lot safer and well, actually there's nothing wrong with poker chips either. But realistically stable coins they fluctuate between ninety eight cents and one dollar and two cents, and USDC is heavily regulated. They go through all these

different types of checks. Also are back like six by six of cash, which is amazing because most people can't even name what the United States dollars back by. Who knows what is backed by. But the fact that but the like literally but the fact that they're coming after stable coins, stable coins that are really not a threat, that just tells you how much they care about protecting the people. Because if they cared about protecting the people,

they'd be focusing their efforts on bad actors. People are are scamming people on the internet, hack even student loans because student loans are predatory. There would be a lottery tickets, There's all these types of things that are out there that are very actually predatory, and stable coins are not that that that last piece that you said there is like the big thing, right Like I could literally go by as many lotter tickets as I want, and the

chance of me winning anything is like pretty much zero. Um, no regulations with that. I can go to Vegas, but as much as I want there, So we can do we can do all these things and blow as much money. We know the odds are stacked against us in Vegas. They don't disclose that to us clearly. But yet that's okay. But yet we don't have the ability to put our

money into these other things. And and I just think I read a couple weeks ago he came out with this big statement, and you know their whole approach, and really it's all of governments approach, really like um, you're not smart enough and we need to make the decisions for you. Like he's taking this role like he has to protect us. It's like I don't need you to protect You don't protect me, Like we can do it. So it's like this is the thing, like they say

that they're protecting us. I don't feel protected though I don't. I feel like you're telling me what I can't do. I feel like you're telling me that I cannot improve my quality of life because you don't like my lifestyle choices. And it's not even a dangerous lifestyle choice. What what is so bad about somebody who's living under the poverty line that is able to put in a stable coin.

Let's just say the interest rate is nine ten percent back for maths say to make it easy, and you're earning ten dollars per week extra that you would had. That is ten dollars, that is ten items at the center. I used to have to shop at the ninety nine center because it was so poor. And that's not a bad thing at all. But I'm saying ten extra items from the dollar store per week that could be that can be a meal for a family. And that's all that I'm saying. And I don't feel that that is

unsafe in any way, shape or form. I feel what's unsafe is is that leaving my money in a bank, knowing that it's being lent out and all the and then the US government pretty money like it's nobody's business, and me not knowing if the inflate inflation is going to kick in and I can and my one dollar that I have is now worth cents. That's what scares me. And that's what I want to be protected against. The

US government printing money. Yeah, that's exactly right. And and so you know, we we they're creating a competition and which gives us. I believe competition gives us better product, better service, better prices. But they don't want that. They want us trapped in the system. But that's exactly what bitcoin and cryptocurrencies are doing. They're giving us that life raft, that outlet, which of course they want to seal off. They're trying to do that with you know, minimum taxes,

globalmanium taxes where people don't move to other countries. They're trying to do that by sealing off all the excess and keeping us in there. And I think the more, I hope, the more that people see the government saying basically, you don't have the right to hold your money in a way that we can't steal from you, like hopefully, the more people see them saying that literally, the more they'll want these things. Now, um, this is we're going

to wrap this show up. We've been going for almost three hours here with my good friend Wendy Crypto Windy Oh follow her on Twitter, look her up on YouTube as well. I'm also one Mark Moss on Twitter. So send us a message, asks a question. We'd love to get back to you on that. Reach out to me, reach out to me guys. I will generally respond and if you send me an email, I will probably respond faster. Yeah. Yeah, all right, Well that's it, Thanks so much. I'll see you next week.