Voting for Your Money

Uh not because I enjoy the pain that's being inflicted, or the or the or the more pain that will unfortunately come for most people. Um. I say it just because it is interesting. We've been waiting for this to happen for a long time. It's finally happening, and it gives me a lot of stuff to talk about now. Like I said, if you're not prepared, if you're on the wrong side of this, it could be drastic for you. But you still got time. You still got time. Now, I like to say. I like to like to quote

Iron Rand. She says that you can choose to ignore reality, but you can't ignore the consequences of reality. And so I think about that, this is the reality. I like to also say that we don't we don't invest in the markets as we want them to be, as we wish they would be, as we think they should be, but rather as they are. So we want to pay attention to this now as we're witnessing the world breakdown. Um,

we were just talking about in the previous segment. The Bank of England, one of the largest central banks in the developed world, is breaking right now. They've they've put in some backstop measures that most likely won't work for a very long period of time at least, And so we're witnessing this happening now. As this is happening, Bitcoin appears to be kind of holding up. And why is that now? Um, we know that bitcoin was created in two thousand eight at the two thou eight Great financial Crash.

We have not witnessed bitcoin go through a bear market. It was really created at the bottom of the bear market of the last cycle, and so we don't really know what's going to happen. We don't have a historical context where historical lens from them, but we do know it was created physically for this. As a matter of fact, the first line of code by Sotsian Akamoto said that the Chancellor is on the brink of a second bill out. So he was basically putting the message that banks are

gonna keep bailing themselves out. They're gonna keep printing more money. As they continue to print more money, your money loses its purchasing power, which of course is what inflation is. And so um it was created for this, and here we are witnessing it kind of I'd like to say, coming to an end. But you know, we don't know how many more tricks these central bankers have up their sleeves. Um safety in uh A Moose. He wrote the book The Bitcoin Standard, which I highly recommend. If you haven't

read that book, The Bitcoin Standard, you certainly should. I love the book because it really goes through a full history of what money is, all the different forms of money, how are they used, why they're important. He goes through the history of the gold standard, and then it goes into a new, better way, which would be a Bitcoin standard. And so a great book. It's a it's a big book, highly worth reading. But he said that the only way for Bitcoin to be defeated would be for central banks

to become fiscally responsible. So pain caused is um innovation we typically only move when we're in enough pain. Now, I believe in chiropractic. I've been going to chiropractors most of my life. I believe in it. I understand that your you know your spine, all your nerves your body come to your spine, and you want to keep your spine in perfectly alignment to keep your body and harmony.

I believe in it. But as much as I believe in it, I typically only go when I'm in pain, right, And the more pain I'm in, the more motivated UM to go. And so that's just unfortunately how we are as humans. We need some sort of a pain, typically greater greater pain, so we'll be motivated by greed, but but usually pain. So UM solutions start coming to problems. When we have problems, we start looking for solutions to

those problems. Now, we have a problem with what we use as money today because the central bankers continually manipulate it and continually cause boom and bust cycles. And that's probably one thing we can just count on. We can count on humans controlling money will always manipulate it. We can just count on that. It's human nature. And so the only way that so that's a problem. It's a massive problem. Now, if you're in you know, if you're in the United States and you go to the bar tonight,

you're gonna have a fifteen dollar cocktail. It's not really bothering that much. But if you're about four billion people in the world today living under double and triple digit inflation, it's a big, big deally. It's ruining your life. We're gonna talk about that in a minute. And so you need a solution for this. Now, there's some solutions that are available, and that's why we're seeing it in these other areas of the world. First. But again back to

the quote by Safety and Um. The only way for bitcoin to be defeated is if central bank has become fiscally responsible, which we don't count on happening because of human nature. Now, since the bank in Linton has been breaking, they've they've agreed to bail out their financial stem belt, the pension funds. We've seen bitcoin go up meanwhile everything

else is going down. It's pretty interesting. Now. One of them most famous, maybe one of the boat most successful investors in the world today is Stanley druck and Miller Um. He actually worked under George Soros and helped organize the trade where they broke the Bank of England in a single day made a billion dollars. He's uh. His the way that he invests has really always been following the

liquidity of the system. So he's watching central bank um policy and when they increase the money supplier, when they decrease the money supply, um, he knows what to do with his money now. He came out a few years ago and said he's a fan of bitcoin. As a matter of fact, he's buying bitcoin. The most successful investors, one of the most successful investors in the world studying

under George Soros. He said that he's buying bitcoin because he understands because he studies right, his whole investing strategy has been following what central banks do. He understands what they're doing, and he understands there's a need for something like bitcoin. He came out this week and he said that he thinks that crypto could enjoy a quote unquote rent assans as trust in banks fades, is what he said. He said, uh, he said, as the global economy extends

its suffering, is what he said. So he hinted at a renaissance FIRSUS the crypto space. If public trust fades in central banks, well is it fading, Well, they've clearly lost control. The Federals over the United States has two mandates, full employment and stable prices. Were certainly nowhere near stable prices. We haven't had anything remotely close to stable prices for at least the last couple of years. So they're they're obviously failing at that. They're trying to regain credibility. This

is their words. Um. Jerome Palace said they were going to keep at it until it is done. So they're gonna keep at whatever they're doing to which is raising rates um to regain credibility. They want to show the world that they have control of the money system, but they don't. Nobody believes it. And on top of it, we're witnessing them failing left and right now. The Central Bank of the United States FED would probably the last one and standing, in my opinion, We're watching the smaller

ones go bust left and right. They're all scrambling right now. So public trust is fading. So he said there will be a renaissance if public trust fades. What's happening. He said that rate hikes from the FED and worse in macroeconomic conditions have proven brutal to the industry. Yes, of course. So what we've seen is that because they've been raising raith, we've seen risk on assets. These are like tech stocks,

these are cryptocurrencies. They've had a massive sell off. There's no denying that Bitcoin is down almost it's a big draw down, but that's because Bitcoin is being traded like a risk on asset. But Stanley Ducker Miller thinks that it could see a revival as this macro situation worsens and it could actually shift from being a risk on asset to a risk off asset. And he's not the

only one. As a matter of fact, Bloomberg Intelligence put out a report saying that they believe that by the end of two Bitcoin will transform from a risk on asset to a risk off asset. What does that mean? Risk on is things that you buy when you're okay taking the risk. When there's tons of central bank liquidity going into the system, everything is gonna go higher that I'm gonna go into the riskiest things because I'll get

the best return. So these are the tech stocks that don't make any money or you know, don't make any profits cryptocurrencies, et CETERA. Risk off is when UH markets are crashing, I don't want to take any risk anymore. I better move my money into very safe things. So these are typically government bonds. Um, these are gold, things like that. Those are risk off. So they think that bitcoin. Bloomberger Intelligence thinks that bitcoin will move from a risk

on to a risk off because of what's happening. And Druckton Miller is saying the same thing. He says that he thinks the U. S economy could suffer from a quote hard landing in the medium term future. What's the medium term probably the next six months. He didn't say that, I said that, adding that he would be stunned if we don't have a recession. Ine that's what he says. So he thinks that we're gonna have a hard landing. Hard landing means a big crash, and he'd be stunned

if it doesn't happen. In UM, just taking a break for a second. You're listening to the Mark Moshow. If you're just tuning in, we're talking about the decentralized revolution, the way the world is changing when we look at it through politics, finance, and technology. Of course, the technology being bitcoin, which we're talking about right now. I'm talking about what one of the greatest investors alive today had

to say this week about what's coming next. You don't want to miss what you have to say and more specifically, what you should be doing about it. I'll be right back. Don't go away, all right, welcome back. You are listening to the Mark ma Show. We're talking about the decentralized revolution, talking about the world changing. The financial system is crashing. We look at the politics, the finance, and the technology piece. The financial system is crashing. The political leaders are trying

to angle a maneuver to hang onto it. And then of course the financial system is being destroyed and a new one is being created. So Stanley Dreco Miller, one of the greatest investors in the world today, says that he thinks that we're gonna the US is going to have a hard landing in the medium turn. He said he will be son of it at him by next year. Um. He said the US was in quote deep trouble, and he shared an ominous warning that said quote something really

bad could happen. His words, something really bad could happen. Do the worst thing state of the economy. Now, like I said, this guy has an amazing track record in playing market cycles, and he he hinted. He said that there's actually probably a silver lining for bitcoin again, he said, there's a renaissance if people start to lose trust in central banks. What we're seeing is that if you have

your money in the banks, it could disappear. Now again, it works in the places where the pain is the highest. Now in the United States the pain is the lowest. It's the lowest and most likely the pain will come to us in the United States last. But do you want to make the mistake and lose everything or would you rather learn from other people's mistakes so you don't have to know. I would prefer to learn from other people's mistakes, which I try and do. So what mistakes

are we seeing? Well, in Lebanon, people are literally breaking into the banks. They're literally doing bank heist to get their own money out because they can't get it in the UK. We're not talking about Lebanon. We're talking about in the UK the bond investors, the pensions, the retirees just potentially lost all their money. But the central bank just bill didn't stepped in to bail them out. How long can they keep doing that? For? Answer is not very long. But this can't happen here, Mark, no way.

We're the United States. Sure, we're the United States reserve currency of the world. With the FDIC insurance right back up those bank statements. It will it, certainly will, I believe. Uh No, there's a chance it won't. FDC insurance doesn't have enough insurance to cover the bank deposits. It would take a Congress to act and give them the amount of money they would need. And even if even if Congress did do that, they'd have to go print eighty

trillion dollars. But what would happen if they did that, Well, that would devalue the currency massively. So even if they did give you your dollars back, they would only buy you a fraction of what they would buy today. So it makes sense I might want to have some assets that are outside this system, And that's exactly what he's talking about. Druckor Miller's argument is that the asset class could see a bounce not because of the FED flipping

from hawks to dothers. So right now the FED is hawkish, right, They're they're gonna crush inflation. We're gonna crush demand. They're very hawkish, they're very harsh, moving to devilish means. They're they're light, they're friendly. They're gonna now ease system. They're gonna pump money back in. So he said, he said that we could see the act class bounce, not because the FED flipping from hawks to dovish, but because people may lose trust and central banks like the FED altogether.

And I think that's exactly what's happening now. Um, there's other bullish tell winds behind bitcoin as well as a matter of fact, Um, the CFTC chairman Benroom said this week that he thinks the quote bitcoin price could dub mm hmm CFTC. CFTC chairman. What did he say exactly? Now, if you're not if you know what the CFTC is, it's the Commodities Futures Trading Commission. It's the regulatory body in the United States that regulates commodities. Commodities are typically

real things. These are wheat, it's oil, it's gas, it's uranium, um silver, right, that's commodities. Securities are equities. Securities are Tesla stock or Apple stock or Microsoft Stock, so securities and commodities. The commodities are. The CFTC is the regulatory body the United States, and they are. Well, bitcoin has been kind of up for debate. They've been squabbling over who's going to control bitcoin. A lot of people say, well,

wait till the government regulates it. Well, I'm like the government already regulates as a matter of fact, the CFTC already regulates it as a matter of fact, the SEC regulates it, the I r S regulates it, Fence and regulates it, and on and on and on. But the CFTC and the SEC have been fighting over who is going to be the regulator of the crypto industry. And

basically where we're at today. Gary Ginsler, who's the head of the SEC, has basically come out and said he hasn't written it down in black and white on paper, but he's basically said it verbally that anything other than bitcoin is a security. And they had originally kind of said maybe ethereum is not a security, but now that ethereum just went through this merge, he says that now it's probably a security. So don't get mad at me,

don't shoot the messenger. That's Gary Ginsler, head the SEC, said that, so it looks like bitcoin might be the only one that is actually a commodity, and is it is regulated by the CFTC. CFTC so the chairman, Roston Benram said this week on Wednesday, he said, quote growth might occur if we have a well regulated space. Um. He told there was a fireside chat at New York University School of Law. He said, quote bitcoin might double in price if there's a CFTC regulated market. End quote.

So he's saying that, look, if we could just get some clarity here, right, If we get this, get the SEC out of the way, let's clearly find everything else security, let's make bitcoin commodity. Will take it over. Um. If and if we can give it a regulated market, we think the price of bitcoin could double. Well, I think bitcoin could do way more than double. But that's that's

his words. Um. He went on to say, So there's a bill, so by Bartisan bill introduced by the leaders the Senate Agriculture Committee, which oversees the CFTC, would crown the CFTC the primary regulator for the crypto industry, expanding the agency's authority to oversee crypto spot markets and require crypto trading firms to register with the CFTC. So there's this new bill. They're hoping that it goes through. If

it goes through, it gives them clarity. If it gives them clarity, then they'll have the ability to oversee the regulations, which again back to his words saying that if we get clear regulations, then we think the price of bitcoin could double. Um. Now, look, I'm just gonna say a disclaimer. I'm not for any of this. Um. I believe that I live in America. I was born in a free country, land of the free right. Um, we don't ask for permission in the United States. Everything is free because we

live in a free country. Now, they make laws making things illegal. So if there's a law specifically saying that something is illegal, then it's illegal. Right. So I'm not saying that we should go break the law. The laws are there. We have to honor those laws or we pay the pay the consequence for those The point that I'm making is that we don't ask for permission to do things. If there's a law, then we know there's a law. If there's not a law, then it's free.

We're free to do that. So my father went to war force, my grandfather went to war force. All our forefathers went to war for So for them to say that, you know, things were probably better if we made some regulations around it, I just have a hard time believing that.

I don't support that. Um. Now, the problem is, I guess some of these you know, Wall Street firms, UM, they're afraid to act because they're afraid if they do something that then later one of these regulatory bodies could come and change their laws retroactively and they could you know, get in trouble and have to pay fines or whatever, which is a problem. That's pretty stupid that you could have a regulatory body coming and make laws that aren't

there and then retroactively put them in place. Kind of highlights how screwed up this whole system that we have here. Now I get it, like I said, if there's laws, you got you gotta respect those laws. But if there's no laws, then we should be free to do that. So the fact that we need a we need a new regulation to give clarity so that it allows people to make a move that they could then push the price higher. It's pretty messed up. But that's the world

that we live in. It's his words, not mine. Stanley Dructor Miller thinks the price could go up by central banks lose credibility, which they are. CFTC says, if this bill goes through and gives clarity, we could see the price of bitcoin double. Bloomberg Intelligence says that bitcoin can move from risk onto risk off asset. Are you starting to see the light of the end of the tunnel. You listen to the Markmas Show. We're talking about their

decentralized Revolution. I'll be back with that and more in a minute. Do not go away, I'll be right back. All right, welcome back. You are listening to the Mark Ma Show. We're talking about the decentralized Revolution, talking about the way the world is changing rapidly. You know, I think about I say it all the time. It's putin quote. I'm sorry, I'm not putin the other Vladimir Ladmir lenin that there's day there's decades where nothing seems to happen.

In there's days where decades seemed to happen. And that's kind of where we're at right now. The world is literally burning down, crumbling down all around us. Maybe you don't notice, you know, Um, I just got back. I was in Mexico for about six days. I went and spoke at a conference down to Mexico City called Nomad Capitalists. About five people there at the conference, and they were all there to learn about UM international diversification, we'll call

it that. So these five people went to Mexico City to attendis conference which I was a speaker there, UM to learn about international diversification. What does that mean? Well, what what what does diversification? So that means instead of putting all your money into one stock, that would be pretty foolish, you would diversify. So instead of putting all in one stock, I just spread my money around. I'd put a little bit into real estate, a little bit into gold, a little bit in stocks, a little bit

in the bitcoin. And not just one stock, I'd put into multiple stocks in multiple sectors. Right, So that's diversification. So international diversiication is kind of the same thing, which is like I wouldn't put all my light, my own my money in one stock. Why would have my whole life in one country. Now, again, if you're in the United States, maybe you don't see this. If you're in another country, you probably see the need for this more

and more. Remember, we move off of pain, and so these people came uh to learn about this international diversification. We're learning about all these problems, all these laws, all these things, all these financial situations that are going on, why you might want to diversify internationally. That means, you know, getting different residencies, different passports, setting up different corporations in other countries, buying parties are invested into other countries, things

like that. And so these these five people were pretty tuned into what's going on. Obviously, they're paying attention and that's why they're there. They see the signs and they realize they should probably start making plans for this. But then, you know, just I was just thinking about the other people at the hotel. Um then my wife and I we took off from Mexico City, flew out to the beach at Porta Villarta, hung out for a couple of days. They're just hanging out at the beach, hanging around the

pool in the hotel resort, etcetera. And I'm just looking at all the people there and just thinking like, these people have no idea what's about to happen. And then I think, you know, they have no idea what's going to happen, and doesn't matter. Like we're in this town of Porta Villarta, you know, we're thirty or forty minutes away from the airport. Um, it's kind of like a little pueblo, like a little village there. Um, they have no idea. They're just living their lives. But what if

this entire financial system melts down? Does it affect them? Well, you know a lot of times in in in third world countries like this like Mexico, Central America, I'll salwid or Nicaragua, etcetera. They don't have bank accounts that have their money in the bank, so they don't really have to worry about that way. But if they did have money in the bank, that would certainly affect them in a big way. If they obviously had stocks and bonds and whatnot, that would certainly affect them in a big way.

But they don't not there, but their lifestyle would change. They'd certainly have way less tourism, and they live off tourism, so all these people that they were expected to come there wouldn't be So just look back in March or most of really, during the pandemic, people in Mexico were like literally starving to death because there was no tourism. So without any economy, well, without any tourism, what do

they do. I was involved in a in a ministry down in another town, Porto West Candido, and I was sending money down there, and uh, they were buying food and they had like this food ministry where they were delivering packets of food out to all these different people um because they just they had no way to eat.

So even if you're not paying attention to what's going on, and even if you don't have your money in the bank, and even if you don't have your stocks or whatever, you're still going to be affected by what's going on. So again, back to dine Ran quote, you can choose to ignore reality, but you cannot ignore the consequences of reality. So I like to pay attention. I like to watch the signs. Now, one thing that you want to think

about is um. One of the biggest revolutions in the world is obviously bitcoin, but one of the one of the features of it is that for the first time in history, or we'll go back, one of the oldest problems in history is how do I protect my wealth, my assets my value in a in a way that won't be stolen. So for the first few people in the world, you're gonna try and come steal my chickens or my goats. As we make a tribe and we make a village, we make a kingdom, we make a

country to protect our private property. But bitqoins solve that for the first time in history. Now I can have my hundred dollars, thousand, dollars, million, dollars, billion, dollars, whatever I have, and I can just store cryptographically and it doesn't cost me any more time, effort, energy to secure one dollar than it does a billion dollars and no one could take it from me. Now that's if I

custody it myself. If I take custody now. Um to these pensioners in the UK right now that are losing all their money as a stump, well, the UK is bailing them out right now. Maybe it'll work, maybe it won't. But all their money, all their value, all their wealth is in somebody else's pocket, in the government's pocket, and there's a chance they don't get it back. That's called counterparty risk. And so one of the best ways that is to pull this out now, let's go back to

um Let's go back to America. Let's put it here. Let's put it right here at home. Gold have been money for five thousand years. Through the eighteen hundreds, the United States was blowing up. People were farming and we had agriculture growing. People were making so much money. New towns are being developed. The wealth that was being created was that was unimaginable. But that was all in gold. They stored it in gold. But what do you do

with all this gold? Now, If you've got a hut, a dollars worth of gold is easy, right, you put it under your mattress. If you have a million dollars of gold, you gotta do something else with it. You can't just go bury it in the yard. And so they put into banks. By three, everyone had just put their gold in the banks, and the banks gave them io us or claim saying that they were owed the gold. Three the government shut all the banks down for a week. When they opened the banks back up a week later,

it was illegal to own gold. You couldn't get your gold out the bank anymore. Your gold was taken from you. Now if you didn't have your gold in the banks, and instead you had your gold buried in your backyard. Guess what, you didn't get your gold stolen from you. Or let's say you didn't have gold at all. Let's say that you owned land and you had like a hundred thousand head of cattle and you had a business or whatever. Well, then they stole the gold, but I

didn't have my gold in there. So that's what we're talking about. You have your pension in their bond market, you have your stocks and your equities there, you have your money in their bank accounts. If this system goes down like it like it has many times before ninety three, you're going to be affected. But if you don't, if you have your money out of that like bitcoin putting into cold storage, you're probably gonna be doing a lot better or if you lose that counterparty risk. So um,

I'm obviously a fan of bitcoin. I think it's the future. I think if you don't have at least two to three percent, maybe up to a five percent allocation to it's pretty irresponsible in today's day and age. I'm not saying take all your money and go buy it. No, I'm definitely saying, as a matter of fact, I'm saying not to do that. Don't do that. But what I am saying is you had up all your investible assets, and investible assets are everything but your house and your

and your and your business. So take up all your stock accounts, you know, or four one case, et cetera. Add that all up. Is that a thousand dollars, Okay, it's a hundred thousand dollars, whatever it is, Take one percent or two percent of that and just put into bitcoin, not not not a not fifty, but one or two percent, and then when you buy it, take it off the exchange and hold it in your own custody. Bitcoin is a bare asset I meaning if I have it, I

have it and nobody else has it. Now, if we need any more confidence into what's happening in the future, it's all around us. Now. Remember I was talking about how really pain causes action, Like my chiropractic story. I believe in chiropractic, but I typically don't go and tell them in pain. And so when you're you know, in downtown New York and Manhattan and you're at the bar order in fifteen dollar martinis, you probably don't have a

super high pain. But if you're in Mexico depending on tourism, or you're in Sub Saharan Africa, you might have a whole different set of pain. And that's why the areas of the world that have this pain are the areas that are adopting at first. And as a matter of fact, this new report came out that shows just how fast it's happening there and you're not going to believe it. So I want to cover that in a minute when I come back. You're listening to the Markma Show. We're

talking about the decentralized Revolution. Talk about the way the world is changing through the lens of politics, finance, and technology, and I want to cover that. I want to talk about where the pain point is the highest, what the numbers are of it moving through. I us want to talk about forget the price for a minute. There's two things that you should be watching, and neither one of those are the price. I'm gonna talk about both of those as well. So I got that to cover when

I come back. Don't go away, I'll beer back, all right, Welcome back. You are listening to the Markma Show. When we talk about the decentralized Revolution, I'm giving you the play by play as you can see the world transforming changing right before our very eyes, moving from a world of centralization, top down, centrally planned world that can macform driven world into back to a free, fair, decentralized world.

Of course, we look at through lens of politics, finance, and technology, the technology being the decentralized revolution that we're having, the technology being bitcoin, and you know we're talking about how um. If you're in New York City, downtown Manhattan and you're the bar having your fifteen dollar martini, you probably don't see the need for it. But if you're in UM. You know, if you're one of four billion people in the world living under an authoritarian regime dealing

with double or triple digit inflation, you gotta need. You have a need, you need a solution for If you're in North Korea and you're not allowed to have any money and without money there's no freedom, you have a need. And so in North Korea, you know, they have this UH. In in every area of the world, there's capitalism, capitalism being um being taking my personal private property and trying to do free trade and use my scarce resources more efficiently.

That's what capitalism is, and capitalism is always and everywhere present. Even in the most communist areas, people are still doing still still freely trading amongst themselves, and it's called black markets. Um. Even in preschools, kids are trading sandwiches for chips or for stickers. It's called free markets. Even in prison there's capitalism. People are taking their scarce resources and trading it freely.

Capitalism is not crony ism. People think, oh, capitalism failed, Look at what look at Look at the United States. Capitalism has failed. The United States is nowhere near capitalism. It's a matter of fact, we're seventy or not, I guess communism. In Karl Marks's book titled The Communist Manifesto, he lays out ten points of communism, ten points that you must have in order to have a communist society. The United States has seven of those ten. That's a

quantitative metric. Seven of the ten are here. It's not freely traded corporations using the government to put regulations in place to protect themselves and create these modes. That's not capitalism. Capitalism is free and voluntary exchange. Capitalism led to slavery. Well, capitalism is free in voluntary exchange. It protects private property rights. The slavery protect private property rights. The slavery is slavery free, involuntary.

So it's not capitalism. You can call it that if you want, but that's not what it is, all right. Uh oh, and a shameless plug. If you've never read the Communist Manifesto, save yourself the brain cells. UM. I wrote a rebuttal to that. It's called the Uncommunist Manifesto. You can find it on Amazon and went live UM in August, and uh, check it out, Uncommonist Manifesto. Leave me a review. I'd love to hear it. All right. Now,

back to where the pain is the highest. And again, this is in these um areas where the pain is the highest. And so what we see is that crypto is quietly thriving in Sub Saharan Africa. Per a chain analysis report. Reports shows strong crypto usage and adoption rates in the region with highly educated young people in low job prospects. Crypto is a quote, a way to feed the families. Mhmm, that sounds weird. I thought it was just for criminals. I thought it was only for criminals

that want to do criminal things. I thought it was just for financial speculators. Well, in America, it is because there's no there's no well, I'm not it's not for not for criminals, but it's for speculating in the US

because we don't have the pain. But in Sub Sahara Africa, we are who, says um the region sub Saharan Africa, cryptodoption usage is has the world's highest proportion of crypto retail payments of less than a thousand dollars, has eighty percent of the world's proportion of crypto payments of under a thousand dollars. That means it's being used for real things. The report highlights how peer to peer transactions are more common in Sub Saharan Africa than anywhere else in the world.

Six percent of all crypto transaction volume is happening in Africa. Um It says. It dwarfs those of Central and Southern Asia and Oceania, with the region uh and Oceania the region with the second highest volumes in that category. Many Africans have integrated crypto into everyday life. The report says crypto usage is driven by everyday necessity, as opposed to so it's driven by everyday necessity, not by speculation by

the already well off. It's especially in countries where the values of local fiat currencies are dropping, as we've seen in Nigeria and Kenya. So again, if you're in Nigeria Kenya, where the value of your currency is dropping so fast you know you're losing sixty of the value of your currency, You're gonna go to something else at least be better. You're gonna go to crypto. You're gonna go to bitcoin.

But but bitcoin is too volatile. Well, it's too volatile, I would agree, it's much more volatile the United States US dollar currency. But what about if you're in Nigeria Kenya? Is it more volatile than those currencies? Is it at risk of getting seized like what's happening in Lebanon. The answer is no, You're gonna take your chance. It says here we don't have big institutional level traders in Sub Saharan Africa. It's the people driving the market here, and

they're all retail. Nigeria has a ton of highly educated young graduates with high unemployment rates and no jobs available. So it's not just uh, stupid, ignorant um, dumb people being taken advantage of. It's not just rich speculators trying to make money. No highly educated young graduates with high unemployment rates and no jobs available. Cryptosm is they rescue. It's a way to feed their family. The report says, it's growing now, grows where the need is the biggest,

just like other technologies do. So. The Internet was a technology that swept across the world. It's changed the world. That's brought more quality to the world than anything in the world. If you have a smartphone, which most of the world does now, you're pretty equal. You can learn anything you want in the world with a smartphone on Google or YouTube. You can meet anybody in the world that you want on social media. You can pretty much do any business that you want in the world from

a smartphone. If if you're allowed to join the financial network. Now half the world isn't allowed to join the global financial system. Why because they're not They're not able to do They don't have permission. They don't have permission to join the big deal now. Jack Dorsey who you might know. You might know that name. He was the founder of the CEO of Twitter until recently he stepped down. Jack Dorsey, Um, yeah, I mean you don't have to you obviously, I'm sure

know who is. He's not only a founder of Twitter, but also Block, which is square and cash app, one of the largest digital payment providers in the world. He left Twitter to focus the rest of his life on building bitcoin. That's what he said. Those are his words. He created a new company called t b d the It's a bitcoin focused subsidiary of Jack Dorsey's Block, which is uh sq. It's teaming up with now Circle Internet Finance, which is an issuer of a stable coin of u

s DC. Now stable coin is like a digital dollar, and it's helping to bring cross border dollar links stable coin transfers and savings two investors globally. Block is a payments firm that runs on cash app, that runs cash app, and it's him by Twitter co founder. Like I said,

Jack Dorsey. Now, people that live in countries with rapidly depreciating currencies such as Argentina and Turkey and of course sub Saharan Africa like we were talking about, they have moved into crypto to protect their savings from devaluation, and specifically US dollar link stable coins. They become a popular

alternative for savings and remittances. Remittances are sending currency back and forth, and US dollar is there of currency today and we think bitcoin might be the reserve currency of tomorrow. I would agree, however, stable coins are the bridge in between the two, says Emily Chew, TVDS chief operating Officer told Coin Desk, and so again Argentina, Turkey, subscar in Africa.

This is where it's growing now. Eventually it's going to come to England when the Bank of England finally capitulates and breaks, and it's kind of come to the United States as well. You have the chance to get in before everybody else if you can see the science which I'm trying to report to you each and every week. By the way, you're listening to the Mark Moa show talking about the decentralized revolution, the way the world is

changing right before ver eyes. If you know what you're looking for, you have a chance to front run this With the information I'm giving you. I hope that you take it and that's what I got. Thanks for listening.