1 00:00:00,480 --> 00:00:02,040 Hello everybody. Welcome to another episode of 2 00:00:02,040 --> 00:00:04,800 Simply Bitcoin IRL. Today we have a very special 3 00:00:04,800 --> 00:00:06,400 guest. We have Mark Moss. 4 00:00:06,640 --> 00:00:10,680 He is the host of Market Disruptors YouTube channel and 5 00:00:10,680 --> 00:00:13,280 the Mark Moss Show. He's one of the most talented 6 00:00:14,360 --> 00:00:16,120 content creators I've ever met in my life. 7 00:00:16,120 --> 00:00:19,680 He's very, very good, huge fan of his show and I'm honored to 8 00:00:19,680 --> 00:00:23,400 have him back on simply Bitcoin. So before we jump into it, I do 9 00:00:23,400 --> 00:00:25,560 want to give a shout out to the Bitcoin company that makes this 10 00:00:25,560 --> 00:00:26,760 show possible. Bitcoin. 11 00:00:26,760 --> 00:00:29,480 Well guys, it's the self custody platform. 12 00:00:29,480 --> 00:00:31,920 It's Bitcoin self custody by default. 13 00:00:32,400 --> 00:00:35,000 Easy setup, easy to sign up. You got to check out 14 00:00:35,000 --> 00:00:37,680 bitcoinwell.com today. They're a publicly traded 15 00:00:37,680 --> 00:00:40,000 Canadian company. They just expanded to all 50 16 00:00:40,000 --> 00:00:41,360 states. You got to check them out. 17 00:00:41,440 --> 00:00:44,440 Check out bitcoinwell.com. All right, everybody, let me 18 00:00:44,440 --> 00:00:47,120 bring on stage. Hey Mark, how you doing man? 19 00:00:48,080 --> 00:00:50,800 What a nice intro. I don't believe it. 20 00:00:50,800 --> 00:00:53,480 But thank you for that. But yeah, always a pleasure. 21 00:00:53,480 --> 00:00:55,400 You say I'm. I'm a legend creating content 22 00:00:55,880 --> 00:00:58,160 man the first time I went on your show way back in the day. 23 00:00:58,160 --> 00:00:59,600 I remember. I've told you many times, man, 24 00:00:59,600 --> 00:01:01,520 so creative, so fun. I love being here. 25 00:01:01,520 --> 00:01:04,920 So thanks for having me back. I mean, I mean I I meant every 26 00:01:04,920 --> 00:01:07,560 word. It's it's what you do is is 27 00:01:07,560 --> 00:01:10,400 incredible like from the script writing to just the production 28 00:01:10,400 --> 00:01:12,800 quality itself. And you know you work in media 29 00:01:12,800 --> 00:01:15,240 and you you you understand how difficult that is and you only 30 00:01:15,240 --> 00:01:18,280 get to that through repetition and experience and like making 31 00:01:18,280 --> 00:01:21,400 every mistake in the book. So yeah, I'm a huge fan. 32 00:01:21,400 --> 00:01:23,320 I'm not just saying that's book. Smoke up your ass. 33 00:01:24,080 --> 00:01:24,840 Thank you. Thank you. 34 00:01:26,360 --> 00:01:29,800 So, so yeah, man, look, so much, just so much to talk about. 35 00:01:29,800 --> 00:01:32,560 You know, crazy stuff. Let's start off with the ETFs. 36 00:01:32,560 --> 00:01:34,040 I know that you've been covering that. 37 00:01:34,200 --> 00:01:37,560 It's it's a complete game changer to the Bitcoin space. 38 00:01:37,560 --> 00:01:40,520 The price ran up. I I suspect that it was 39 00:01:40,640 --> 00:01:44,960 responsible for the run up from 25K to 50K, the whole ETF 40 00:01:44,960 --> 00:01:46,720 narrative a lot of people knew beforehand. 41 00:01:46,920 --> 00:01:49,120 The SEC completely dropped the ball. 42 00:01:49,120 --> 00:01:50,880 Gary Gensler made a fool of himself. 43 00:01:51,280 --> 00:01:54,080 So, Mark Moss, what's your take on the Bitcoin ETF? 44 00:01:54,080 --> 00:01:56,440 What's the significance of it? How you feeling about it? 45 00:01:56,760 --> 00:01:59,840 Well First off I'll say that I've always said that I think 46 00:01:59,840 --> 00:02:02,160 the price of Bitcoin is the least important thing or I 47 00:02:02,160 --> 00:02:04,640 should say the least interesting thing to talk about. 48 00:02:05,160 --> 00:02:08,039 Obviously we throw out you know NGU number go up technology and 49 00:02:08,039 --> 00:02:10,479 it's fun. I was writing that newsletter, a 50 00:02:10,479 --> 00:02:12,000 Bitcoin only newsletter for a while. 51 00:02:12,000 --> 00:02:15,440 I'm I'm not currently still writing it but the opening line 52 00:02:15,440 --> 00:02:18,120 was Bitcoin is the great bait and switch. 53 00:02:18,520 --> 00:02:21,160 You come for the money and then you stay for the freedom. 54 00:02:21,680 --> 00:02:24,480 And so I think there's a much more interesting, much more 55 00:02:24,480 --> 00:02:26,840 important things. There's much bigger problems 56 00:02:26,840 --> 00:02:29,960 that we have in the world today and I think Bitcoin solves those 57 00:02:29,960 --> 00:02:31,400 and that's what's interesting, not the price. 58 00:02:31,760 --> 00:02:33,920 And I I did throw a little I'm just saying this because I did 59 00:02:33,920 --> 00:02:36,280 throw a little shade out on Twitter where I'm like, man, all 60 00:02:36,280 --> 00:02:38,440 I hear is ETF, it's like I'm I'm tired of it. 61 00:02:38,720 --> 00:02:41,200 But here we are. It's important for a couple 62 00:02:41,200 --> 00:02:43,360 reasons. One, we want the NGU to work 63 00:02:43,360 --> 00:02:46,160 because of that that feedback loop and that that bait and 64 00:02:46,160 --> 00:02:49,720 switch as I said, right. We need the number to go up so 65 00:02:49,720 --> 00:02:52,840 we get the volatility down and then people in 3rd world 66 00:02:52,840 --> 00:02:55,720 countries could benefit more from it if the volatility goes 67 00:02:55,720 --> 00:02:56,800 down. So there's a lot of reasons why 68 00:02:56,800 --> 00:03:01,240 NGU and and the ETFs are good. Specifically though I would say 69 00:03:01,240 --> 00:03:02,880 about the price, I would agree with you on that. 70 00:03:03,520 --> 00:03:06,960 I think that because the market is so small, it's got a it's 71 00:03:06,960 --> 00:03:10,160 it's a very inelastic supply which means the price moves up 72 00:03:10,160 --> 00:03:12,240 really quickly And what happens is it sort of becomes like the 73 00:03:12,240 --> 00:03:15,600 self fulfilling prophecy. So what happens is when these 74 00:03:15,640 --> 00:03:17,560 ETFs started looking like they're getting closer, closer, 75 00:03:17,560 --> 00:03:20,960 closer, obviously there's lots of talk going on about that and 76 00:03:20,960 --> 00:03:23,080 what happened is people start wanting to front run that. 77 00:03:23,240 --> 00:03:25,000 So because markets are forward-looking. 78 00:03:25,000 --> 00:03:27,480 So it's like well this is going to happen. 79 00:03:27,480 --> 00:03:29,720 So let me buy now. And what happened is as people 80 00:03:29,720 --> 00:03:32,280 started buying now, I started pushing the price up, which then 81 00:03:32,280 --> 00:03:34,680 made more people want to buy. So when we buy, the price went 82 00:03:34,680 --> 00:03:36,960 up which made more people want to buy and they created this 83 00:03:36,960 --> 00:03:39,200 feedback loop. But also there was something 84 00:03:39,200 --> 00:03:41,720 else going on. I made a video December 5th 85 00:03:42,280 --> 00:03:47,160 saying warning Bitcoin ETFs and the warning was that I I said I 86 00:03:47,160 --> 00:03:50,040 think this is going to be a buy the rumor, sell the news event. 87 00:03:50,480 --> 00:03:53,800 And the reason why is just a week or two before I was in Fort 88 00:03:53,800 --> 00:03:56,640 Worth at the Texas Blockchain Association and I found myself 89 00:03:56,640 --> 00:04:01,440 at dinner with like 10 people. Peter McCormack and Caitlyn Long 90 00:04:01,440 --> 00:04:05,200 and Natalie was there and there was a few bankers and regulators 91 00:04:05,200 --> 00:04:06,040 there. I don't want to say all their 92 00:04:06,040 --> 00:04:07,720 names. And we started talking about the 93 00:04:07,720 --> 00:04:11,000 ETFs and they started explaining the way they worked, and that 94 00:04:11,000 --> 00:04:14,280 was that most of these or these big ETFs, they don't, they're 95 00:04:14,280 --> 00:04:17,399 not going to just go buy the Bitcoin off of the market the 96 00:04:17,399 --> 00:04:20,120 day they open. They've been buying them Bitcoin 97 00:04:20,120 --> 00:04:22,400 and they keep them in a buffer or feeder account. 98 00:04:22,680 --> 00:04:25,600 The feeder, the buffer account will be actively trading the 99 00:04:25,600 --> 00:04:26,800 market, finding the best time to buy. 100 00:04:26,800 --> 00:04:28,840 The ETF will be buying and selling from their account. 101 00:04:29,160 --> 00:04:31,200 And so because of that, it wasn't like we're going to 102 00:04:31,200 --> 00:04:33,960 expect them to go buy a bunch of Bitcoin that day they got 103 00:04:33,960 --> 00:04:35,720 announced, which is why I made the video. 104 00:04:36,280 --> 00:04:38,960 I thought all these people would lead that that run up. 105 00:04:39,080 --> 00:04:41,680 But anyway, I'm I'm saying this because to add into your point, 106 00:04:41,680 --> 00:04:46,160 Nico, it wasn't just the retail people trying to front run it. 107 00:04:46,360 --> 00:04:50,440 It was also the ETFs seeding their accounts and so it caused 108 00:04:50,440 --> 00:04:52,960 this massive run up. Now as soon as the ETFs were 109 00:04:52,960 --> 00:04:54,760 announced, we did get a little sell off. 110 00:04:55,240 --> 00:04:57,680 It wasn't massive, but it, but it did had a kind of a 111 00:04:57,720 --> 00:05:00,920 considerable drop, at least compared to other markets. 112 00:05:01,480 --> 00:05:03,760 And I the video I'd made was warning, you know, don't get 113 00:05:03,760 --> 00:05:05,360 shaken out. Like if you're probably going to 114 00:05:05,360 --> 00:05:07,640 see this, use it as a buyout, you don't get shaken out. 115 00:05:07,840 --> 00:05:10,880 That's exactly what happened. And since then we've seen an 116 00:05:10,880 --> 00:05:14,920 enormous amount of buying, a lot of people trying to throw shade 117 00:05:14,920 --> 00:05:16,520 on them, saying that there was a flop. 118 00:05:16,520 --> 00:05:18,680 You know, Mike Green's out there talking about how it was a 119 00:05:18,680 --> 00:05:21,200 failure, things like that. In my opinion, it was a massive 120 00:05:21,200 --> 00:05:23,640 success. The amount of Bitcoin that's 121 00:05:23,640 --> 00:05:27,240 being sucked and hoovered off of the market is you know depends 122 00:05:27,240 --> 00:05:30,920 on the day, but upwards of 10 times the amount of new Bitcoin 123 00:05:30,920 --> 00:05:34,000 being created and it's creating that feedback loop. 124 00:05:34,000 --> 00:05:36,440 And already Nico, I mean what are we a a month into it 125 00:05:36,440 --> 00:05:39,640 approximately and we're already seeing, I I put up this on 126 00:05:39,640 --> 00:05:42,640 Twitter the other day, about 50% of investors are in passively 127 00:05:42,640 --> 00:05:46,120 managed funds and it's now what we're seeing is a lot of these 128 00:05:46,240 --> 00:05:49,240 managers that manage these passive indexes are starting to 129 00:05:49,240 --> 00:05:52,160 allocate towards Bitcoin and again it's a feedback loop. 130 00:05:52,400 --> 00:05:55,680 So they add it, they out, they start outperforming. 131 00:05:56,440 --> 00:05:58,800 So more people have to buy it, they start up performing, more 132 00:05:58,800 --> 00:06:01,400 people buy it and and man, we're in the thick of it right now. 133 00:06:02,160 --> 00:06:05,760 And and and and I'm incredibly excited for the next cycle, what 134 00:06:05,760 --> 00:06:08,560 you said about how these managers are adding it and and I 135 00:06:08,560 --> 00:06:11,920 remember there was this news coming out of Canada and it was 136 00:06:11,920 --> 00:06:18,640 the conservative all in one fidelity ETF and it got that 137 00:06:18,640 --> 00:06:23,040 sweet, sweet 1% Bitcoin allocation and I'm like this is 138 00:06:23,040 --> 00:06:24,640 a game changer. Why is it a game changer? 139 00:06:24,640 --> 00:06:28,920 Because as soon as they get a taste of this, all the other 140 00:06:29,040 --> 00:06:30,960 eat, they're not going to have a choice, right? 141 00:06:30,960 --> 00:06:33,840 The the market forces are going to do what market forces do 142 00:06:33,840 --> 00:06:36,240 best. And you're going to be in a 143 00:06:36,240 --> 00:06:38,720 position where you actually, you can make the argument that 144 00:06:38,720 --> 00:06:42,760 you're hurting your client by not having exposure to Bitcoin. 145 00:06:42,960 --> 00:06:45,680 And I think that virus has infected Wall Street. 146 00:06:46,720 --> 00:06:48,400 I would agree on that. And that's kind of what I said, 147 00:06:48,400 --> 00:06:50,040 this sort of competitive nature, right? 148 00:06:50,040 --> 00:06:51,960 So it's like, hey, if they're outperforming me, then I have to 149 00:06:51,960 --> 00:06:54,620 do the same thing as them and then that sort of becomes a self 150 00:06:54,620 --> 00:06:56,240 fulfilling prophecy. But there's two things that I 151 00:06:56,240 --> 00:06:59,080 think are important. So one just specifically in in 152 00:06:59,080 --> 00:07:01,840 regards to that, right, That's important and we understand. 153 00:07:01,840 --> 00:07:04,200 Now like I said that chart I put on Twitter I think last week, 154 00:07:04,600 --> 00:07:07,080 most people aren't managing their own money. 155 00:07:07,240 --> 00:07:10,480 So most people are going to end up owning Bitcoin and not even 156 00:07:10,480 --> 00:07:13,040 knowing it. That's a pretty big deal because 157 00:07:13,040 --> 00:07:15,800 if they start doing 12345 percent, they don't have to go 158 00:07:15,800 --> 00:07:17,280 convince everybody. They just move. 159 00:07:17,280 --> 00:07:18,560 Yeah, there we go, there's the chart, right? 160 00:07:18,800 --> 00:07:20,720 They just they just can, they can move the market. 161 00:07:20,720 --> 00:07:22,800 But I think there's something else going on that's that's 162 00:07:22,800 --> 00:07:26,120 really big that a lot of people who don't understand 163 00:07:26,120 --> 00:07:29,920 multidisciplinary subjects like technology and cycles maybe 164 00:07:29,920 --> 00:07:32,000 miss. And I'm talking about 165 00:07:32,000 --> 00:07:35,480 specifically something known as diffusion of innovation. 166 00:07:35,480 --> 00:07:37,760 So in a new technology chart you've all seen the the bell 167 00:07:37,760 --> 00:07:40,480 curve and you have the innovators, the true believers, 168 00:07:40,640 --> 00:07:42,600 I'm sorry, the the yeah, true believers. 169 00:07:42,600 --> 00:07:45,200 Then there's the chasm and then there's the early majority and 170 00:07:45,200 --> 00:07:47,640 there's the late majority. And the reason why I bring that 171 00:07:47,640 --> 00:07:50,520 up is that we've seen Bitcoin go from the innovators, obviously 172 00:07:50,520 --> 00:07:53,160 the coders, the developers, the true believers, that's me and 173 00:07:53,160 --> 00:07:54,280 you. We've been shut, we haven't been 174 00:07:54,280 --> 00:07:55,640 able to shut up at it, you know for many years. 175 00:07:56,120 --> 00:07:59,120 But then there's the chasm. And and typically that was 176 00:07:59,120 --> 00:08:02,000 really it's it's a technology curve but it's really about a a 177 00:08:02,000 --> 00:08:04,360 marketing curve. And the reason why the chasm is 178 00:08:04,360 --> 00:08:07,920 there is something has to change in the mindset of people that 179 00:08:07,920 --> 00:08:09,960 will start to bring in the early majority. 180 00:08:09,960 --> 00:08:11,160 There we go, yeah, perfect chart. 181 00:08:11,600 --> 00:08:14,920 And so I think there's lots of things that start helping it get 182 00:08:14,920 --> 00:08:18,040 across the chasm. But the ETF is the piece that 183 00:08:18,040 --> 00:08:22,160 moves it across the chasm. And now all of a sudden I didn't 184 00:08:22,160 --> 00:08:24,400 even know I was owning Bitcoin. No wonder My Portfolio was doing 185 00:08:24,400 --> 00:08:26,960 so good and it and it legitimizes it, right. 186 00:08:27,040 --> 00:08:29,120 So there's still a lot of stigma as though the government's going 187 00:08:29,120 --> 00:08:30,800 to make it illegal and how do I store it. 188 00:08:30,800 --> 00:08:32,679 And you know all the other pieces of FUD we hear all the 189 00:08:32,679 --> 00:08:36,240 time but I think it's gonna cross the chasm and that's a 190 00:08:36,320 --> 00:08:39,799 really, really, really big deal. We're seeing it not just cause 191 00:08:39,799 --> 00:08:41,600 the ETFs. We're seeing Larry Fink the 192 00:08:41,600 --> 00:08:44,400 largest you know the the manager of the largest asset fund in the 193 00:08:44,400 --> 00:08:48,040 world say that people are running the Bitcoin for safety 194 00:08:48,800 --> 00:08:52,080 like we're we're seeing this thrust into the presidential the 195 00:08:52,080 --> 00:08:55,080 United States presidential campaigns and so we're really 196 00:08:55,080 --> 00:08:59,400 seeing this chasm being crossed. The ETFs are sort of propelling 197 00:08:59,400 --> 00:09:03,600 that, but then it crosses the chasm at the time it's 198 00:09:03,600 --> 00:09:05,640 available. I mean, this is this is 199 00:09:05,640 --> 00:09:10,840 fireworks. The, the halving is on the way, 200 00:09:11,000 --> 00:09:13,360 right? It's it's like this is the ETF 201 00:09:13,360 --> 00:09:16,360 is this is doing its thing. They're buying a lot more 202 00:09:16,360 --> 00:09:19,360 Bitcoin that is being, you know, dropped in the market every 203 00:09:19,360 --> 00:09:21,760 single day. And then the halving's right 204 00:09:21,760 --> 00:09:24,600 around the corner and it creates this perfect series of events. 205 00:09:24,600 --> 00:09:27,040 And that's perfect segue to my next question. 206 00:09:27,400 --> 00:09:32,600 And I think last cycle we had, I think it was a lot of people 207 00:09:32,600 --> 00:09:34,560 felt like it underperformed. I have a theory. 208 00:09:34,560 --> 00:09:36,400 I think it had to do with the China ban. 209 00:09:36,640 --> 00:09:39,680 I think it had to do with the fact that the hash rate, you 210 00:09:39,680 --> 00:09:43,240 know, dropped like 50%. Those miners had to sell to 211 00:09:43,240 --> 00:09:45,480 relocate to more favorable jurisdictions. 212 00:09:45,840 --> 00:09:48,120 And I think that really cut the market short. 213 00:09:48,120 --> 00:09:50,240 A lot of people are saying that it's the FTX stuff. 214 00:09:50,440 --> 00:09:54,120 I really believe it had to do a lot with the miners and I 215 00:09:54,120 --> 00:09:56,080 believe that's part of the reason that we we didn't get to 216 00:09:56,080 --> 00:09:58,440 100K. Now a lot of people what I the 217 00:09:58,560 --> 00:10:01,360 the very strong narrative that I see this cycle, I see a lot of 218 00:10:01,360 --> 00:10:04,600 people talk about Mark is this idea of diminishing returns, 219 00:10:04,600 --> 00:10:06,680 right. So my question to you is are we 220 00:10:06,680 --> 00:10:08,840 late to Bitcoin? Is the opportunity still there 221 00:10:08,840 --> 00:10:11,800 for an investor or someone who's, you know, looking at 222 00:10:11,800 --> 00:10:15,720 Bitcoin, they're seeing it at it's currently at $51,631.00 and 223 00:10:15,880 --> 00:10:18,560 they're like, man, I missed the train, How would you convince 224 00:10:18,560 --> 00:10:19,800 that person? Yeah. 225 00:10:20,040 --> 00:10:23,640 So, yeah, you missed the boat. Sorry. 226 00:10:24,080 --> 00:10:26,880 You're never going to make a million percent again, but you 227 00:10:26,880 --> 00:10:28,840 can still make a few thousand, right? 228 00:10:28,840 --> 00:10:30,320 Like, I mean, think about this, right. 229 00:10:30,320 --> 00:10:32,120 We just have to kind of think about this in, in in like 230 00:10:32,120 --> 00:10:35,400 rational terms, right? Like unfortunately we're in in 231 00:10:35,520 --> 00:10:38,960 in a gamble culture today, which that's a whole other topic if we 232 00:10:38,960 --> 00:10:41,800 want to dive into. But you know, now I I deal with 233 00:10:41,800 --> 00:10:43,160 this all the time. Like people are like, oh, if I 234 00:10:43,160 --> 00:10:45,600 can't make 2000% in the next 30 days, it's no good. 235 00:10:45,600 --> 00:10:48,200 I'll go get this, this altcoin or whatever, right. 236 00:10:48,760 --> 00:10:50,800 So yeah, you missed out, right. You're not going to make the 237 00:10:50,800 --> 00:10:53,560 million percent again like we did if you bought in, you know 238 00:10:53,560 --> 00:10:58,400 whatever 2010, 2011, but you're still got hundreds of percent in 239 00:10:58,400 --> 00:11:01,280 front of you, which is still better than any other assets 240 00:11:01,280 --> 00:11:02,480 that you can potentially get into. 241 00:11:03,200 --> 00:11:06,240 So you you missed that. But what's in front of us is 242 00:11:06,240 --> 00:11:07,720 still better than anything else that's out there. 243 00:11:07,720 --> 00:11:10,000 So back to the law of diminishing returns, that was 244 00:11:10,000 --> 00:11:12,600 sort of what I was talking about with these ETFs, right. 245 00:11:12,720 --> 00:11:15,760 If we get enough people to to bring in the money and we get 246 00:11:15,760 --> 00:11:18,480 the NGU to go up enough, it lowers the volatility. 247 00:11:18,480 --> 00:11:20,000 So volatility works both ways, right? 248 00:11:20,000 --> 00:11:23,760 It goes up and down and so as the asset gets bigger, the 249 00:11:23,760 --> 00:11:26,440 volatility will go down, which means yes the the diminishing 250 00:11:26,440 --> 00:11:30,240 returns the the the pumps will be less but also the draw downs 251 00:11:30,240 --> 00:11:32,600 will be less. Instead of 90% draw downs, we 252 00:11:32,600 --> 00:11:35,360 had 80% draw downs and then 70% draw downs and eventually we get 253 00:11:35,360 --> 00:11:38,160 to 50% draw right. So the draw downs are worse or 254 00:11:38,160 --> 00:11:39,800 less and the and the pumps are less as well. 255 00:11:39,800 --> 00:11:43,200 I do think that's the case. As a matter of fact, I spent 256 00:11:43,200 --> 00:11:45,440 four hours this morning in Deep Work. 257 00:11:45,680 --> 00:11:47,760 I'm working on a new report that I'm putting out. 258 00:11:48,280 --> 00:11:51,240 A couple years ago, I did a video called Michael Saylor 259 00:11:51,240 --> 00:11:53,640 Strategy to Retire off of Bitcoin and it went pretty 260 00:11:53,640 --> 00:11:56,680 viral. And I'm redoing that and I'm 261 00:11:56,680 --> 00:11:58,760 going to put it out as a report with a calculator and 262 00:11:58,760 --> 00:12:02,680 everything. And I'm sort of, it's a very 263 00:12:02,680 --> 00:12:06,360 basic sort of forecast of where I think Bitcoin could go and how 264 00:12:06,360 --> 00:12:08,440 you could use this calculator. But I did. 265 00:12:08,440 --> 00:12:12,080 I put in the diminishing returns into there of going down to, you 266 00:12:12,080 --> 00:12:16,840 know, 25%, fifteen percent, 10% returns instead of the 200% 267 00:12:16,840 --> 00:12:18,480 we've seen as a compounded annual growth rate. 268 00:12:19,320 --> 00:12:21,080 So I would say that. The other thing I would say 269 00:12:21,080 --> 00:12:24,080 though, just to sort of make the newcomers feel pretty good about 270 00:12:24,080 --> 00:12:27,320 this, I started buying Bitcoin in 2015 when it was 300 bucks, 271 00:12:27,760 --> 00:12:31,520 which is great, right? Except for I would say and I 272 00:12:31,520 --> 00:12:34,440 know this is hard for people to understand, I think today is a 273 00:12:34,440 --> 00:12:38,960 better risk adjusted entry than it was back then because it was 274 00:12:38,960 --> 00:12:42,040 so new IT was so risky. I I couldn't risk more than a 275 00:12:42,040 --> 00:12:44,760 couple 1000 bucks right or whatever that that number is to 276 00:12:44,760 --> 00:12:49,480 you small bets today I I make really big bets into it right. 277 00:12:50,040 --> 00:12:52,800 And and and because the risk is gone, so it's a better risk 278 00:12:52,800 --> 00:12:55,240 adjusted entry. You can put more allocation 279 00:12:55,240 --> 00:13:00,040 towards it and we still have, yeah, lots of returns in front 280 00:13:00,040 --> 00:13:02,240 of us. Yeah, And I I completely agree. 281 00:13:02,240 --> 00:13:06,720 And there was one of your your recent episodes you had, you 282 00:13:06,720 --> 00:13:10,200 know, the the legend Jeff Booth on your show 2 Legends, Mark 283 00:13:10,200 --> 00:13:14,840 Moss and Jeff Booth together. And you guys went down, you 284 00:13:14,840 --> 00:13:17,120 know, a rabbit hole. And I think it was you recently 285 00:13:17,120 --> 00:13:22,800 tweeted it out at Jeff Booth through some absurd number of 286 00:13:22,880 --> 00:13:24,640 out there. I think it was like 42. 287 00:13:24,640 --> 00:13:28,920 It was just crazy. Well, a $900 trillion worth of 288 00:13:28,920 --> 00:13:31,200 assets. And so yeah, it's like a $42 289 00:13:31,200 --> 00:13:34,440 billion Bitcoin. And and it's just, it's just 290 00:13:34,440 --> 00:13:36,040 crazy. So I have the, I have the clip 291 00:13:36,720 --> 00:13:38,800 and we'll play it and then we'll discuss it. 292 00:13:38,800 --> 00:13:43,240 Here we go. So, so, so, so, so what's 293 00:13:43,240 --> 00:13:47,400 different here is the $900 trillion of global wealth. 294 00:13:48,120 --> 00:13:50,960 Imagine you you have a percentage of that Ledger. 295 00:13:51,440 --> 00:13:54,760 Right. And you could say if Mark Moss 296 00:13:54,760 --> 00:13:57,880 has $1,000,000, you could just calculate exactly what percent 297 00:13:57,880 --> 00:14:01,360 you have of that Ledger. If that Ledger is 1.5 298 00:14:01,360 --> 00:14:04,880 quadrillion tomorrow because there's a whole bunch more 299 00:14:04,880 --> 00:14:09,240 manipulation of money and you're part of that Ledger doesn't go 300 00:14:09,240 --> 00:14:11,720 up by that amount. You lost money, but you didn't 301 00:14:11,720 --> 00:14:14,120 know you lost money. That's what that's what you're 302 00:14:14,120 --> 00:14:17,480 living in and that's what everyone is pricing there is in 303 00:14:17,480 --> 00:14:21,880 and when they naturally say what is Bitcoin price in this Ledger, 304 00:14:22,720 --> 00:14:24,520 they're making that calculation error. 305 00:14:25,760 --> 00:14:28,920 When I say it's saying decentralized and secured on the 306 00:14:29,120 --> 00:14:33,080 on the on the base Ledger, then it is inevitable. 307 00:14:33,080 --> 00:14:37,160 If it stays decentralized and secure, it reprices everything 308 00:14:37,160 --> 00:14:40,440 in the 900 trillion mark. What did he just say? 309 00:14:42,520 --> 00:14:45,320 Well, what? What he what he said is first of 310 00:14:45,320 --> 00:14:47,960 all I get all excited and I talk all fast. 311 00:14:48,520 --> 00:14:51,400 Jeff just talks so calm and and and thoughtfully. 312 00:14:52,120 --> 00:14:56,960 What he said though is that nobody, he didn't say this, but 313 00:14:56,960 --> 00:14:57,920 we have to think about like this. 314 00:14:58,160 --> 00:15:01,880 Nobody wants money, which is crazy, but we don't. 315 00:15:01,880 --> 00:15:04,760 We don't want money. What we want are the things that 316 00:15:04,760 --> 00:15:06,720 money buys us. What we want is goods and 317 00:15:06,720 --> 00:15:08,400 services. So money is not wealth. 318 00:15:08,400 --> 00:15:11,760 Goods and services are wealth. I use money to get the goods and 319 00:15:11,760 --> 00:15:13,520 services. I use money to store my value 320 00:15:13,520 --> 00:15:16,400 until I'm ready to get the goods and services that I want. 321 00:15:16,840 --> 00:15:19,680 And so when you think about it like that, what what he's saying 322 00:15:19,680 --> 00:15:21,840 and what that means is that I don't want money. 323 00:15:21,840 --> 00:15:23,560 I want goods and services. Goods and services or wealth. 324 00:15:23,760 --> 00:15:26,760 So you take all the wealth of the world and then you divide it 325 00:15:26,760 --> 00:15:30,840 by all the money of the world, which is why you can't just 326 00:15:30,840 --> 00:15:32,520 increase the money supply. You have to increase the goods 327 00:15:32,520 --> 00:15:34,480 and services of the wealth. So what he's saying is you'll 328 00:15:34,480 --> 00:15:39,200 get $900 trillion of wealth of goods and services, and if it 329 00:15:39,200 --> 00:15:43,280 was all denominated in in Bitcoin, then you would have to 330 00:15:43,280 --> 00:15:47,240 divide the 21,000,000 by the 900 trillion. 331 00:15:47,240 --> 00:15:49,640 It's no different than if we went back to a gold standard. 332 00:15:49,640 --> 00:15:52,280 So you might hear like Jim Rickards or somebody talk about 333 00:15:52,280 --> 00:15:53,520 how we're going back to a gold standard. 334 00:15:53,520 --> 00:15:56,440 And what would happen is you'd have to take all the Fiat in the 335 00:15:56,440 --> 00:16:00,560 world, however much that is, and then you'd have to divide it by 336 00:16:00,560 --> 00:16:02,600 all the gold that's in the world. 337 00:16:02,920 --> 00:16:06,680 And that would reprice gold to about 50 or 60,000 an ounce. 338 00:16:07,840 --> 00:16:09,920 They could say, well, we're going to do a 20% backing, OK, 339 00:16:09,920 --> 00:16:12,360 so it's down to 30,000 oz. But you take all the Fiat 340 00:16:12,360 --> 00:16:14,160 divided by all the gold. So this is sort of what Jeff 341 00:16:14,160 --> 00:16:15,920 Booth is saying. We take all the wealth 900 342 00:16:15,920 --> 00:16:17,240 trillion and divide it by all the Bitcoin. 343 00:16:19,600 --> 00:16:22,400 Yeah, no and and and let me ask you something. 344 00:16:22,400 --> 00:16:25,080 If you were to put a number on it and we're getting into 345 00:16:25,080 --> 00:16:29,240 speculation territory, but if you were to put a percentage of 346 00:16:29,240 --> 00:16:33,400 the world's wealth that is going to be allocated to Bitcoin in 347 00:16:33,400 --> 00:16:38,280 the next 10-15 years, what would that percentage be and what and 348 00:16:38,280 --> 00:16:40,960 what would be your thought process to get to that 349 00:16:40,960 --> 00:16:42,440 percentage? I'm sure you've covered this 350 00:16:42,440 --> 00:16:44,600 topic and I'm sure you've put some thought into that. 351 00:16:45,320 --> 00:16:48,680 Yeah, sure. So the way that I look at it, 352 00:16:48,680 --> 00:16:51,160 because I've been a private investor, I, you know, I have 353 00:16:51,160 --> 00:16:52,720 the fund, the Bitcoin opportunity fund, shout out to 354 00:16:52,720 --> 00:16:55,080 the Bitcoin opportunity fund. But I've done a lot of private 355 00:16:55,080 --> 00:16:57,280 equity and a lot of venture capital stuff, you know, over 356 00:16:57,280 --> 00:17:00,080 the last decade and 1/2 or so. And the way that we look at like 357 00:17:00,080 --> 00:17:03,640 a venture cap deal, just super simple, like like I'm pitching 358 00:17:03,640 --> 00:17:06,200 new Uber 15 years ago up in Silicon Valley and you're like, 359 00:17:06,200 --> 00:17:07,520 well, what the heck is this worth? 360 00:17:07,520 --> 00:17:10,160 I don't even, you know, an app to call a, a, a, a car. 361 00:17:10,160 --> 00:17:11,800 Like I can just call it a cab, right. 362 00:17:12,400 --> 00:17:13,839 What's it worth? Oh, it's worth 100 million. 363 00:17:13,880 --> 00:17:15,079 Like where did you get 100 million? 364 00:17:15,079 --> 00:17:16,599 Well, the taxi industry is this big. 365 00:17:16,599 --> 00:17:18,200 The limo industry is this big, right. 366 00:17:18,200 --> 00:17:19,640 If we take 5% from each of those. 367 00:17:19,920 --> 00:17:21,560 So that's sort of what we look at. 368 00:17:21,560 --> 00:17:24,040 If we're looking at it's like some sort of projection. 369 00:17:24,040 --> 00:17:26,880 So I think about like what are the asset categories that that 370 00:17:26,880 --> 00:17:30,440 Bitcoin could demonetize. So certainly store a value 371 00:17:30,440 --> 00:17:32,840 assets, booth is talking about every asset. 372 00:17:32,840 --> 00:17:35,000 But let's just take a look at like what are store of value 373 00:17:35,000 --> 00:17:36,920 assets. So if we look at like, well 374 00:17:36,920 --> 00:17:39,680 people store their wealth or their value in gold. 375 00:17:39,680 --> 00:17:43,240 So gold's whatever, 12-13 trillion, they're storing it in 376 00:17:43,240 --> 00:17:46,240 offshore bank accounts that's 30 to 40 trillion. 377 00:17:46,560 --> 00:17:49,240 I know you posted that clip of Obama like a week or two ago 378 00:17:49,240 --> 00:17:51,040 talking about it's like a a Swiss bank account in your 379 00:17:51,040 --> 00:17:53,440 pocket. So 30 to 40 trillion sitting 380 00:17:53,440 --> 00:17:55,240 there. You know, a lot of real estate 381 00:17:55,240 --> 00:17:57,240 is homes, but a lot of real estate is a place to store 382 00:17:57,240 --> 00:17:59,040 wealth. There's about 300 trillion 383 00:17:59,040 --> 00:18:00,720 there. So if we look at just store a 384 00:18:00,720 --> 00:18:05,880 value assets alone, you're at like about 400 trillion. 385 00:18:06,120 --> 00:18:09,560 So it could certainly take 5 or 5% of that. 386 00:18:10,920 --> 00:18:13,400 And then you know Jeff talks about going all the way to where 387 00:18:13,400 --> 00:18:16,360 it becomes the unit of account and everything's priced in it. 388 00:18:16,640 --> 00:18:19,720 And so I think I think of this as a long evolutionary process 389 00:18:19,720 --> 00:18:23,040 and this is where most people get completely wrong at. 390 00:18:24,080 --> 00:18:26,600 At the Bitlock boom in Dallas and at the pack Bitcoin. 391 00:18:26,600 --> 00:18:28,880 I gave a keynote and I kind of talked about the time frame and 392 00:18:28,880 --> 00:18:31,680 I think this plays out over a 50 year time frame because there's 393 00:18:31,680 --> 00:18:35,040 an evolution. So it starts as a collectible. 394 00:18:35,040 --> 00:18:36,640 Oh look, this is something cool. I'll keep it. 395 00:18:36,640 --> 00:18:39,160 Look at this cool rock, this cool feather, this cool shell, 396 00:18:39,160 --> 00:18:41,120 it's cool baseball card, cool Pokémon card. 397 00:18:42,080 --> 00:18:45,920 If maybe not all times but maybe that collectible could become, 398 00:18:45,920 --> 00:18:47,680 could evolve to a store of value. 399 00:18:48,000 --> 00:18:51,360 So rich people store their value, store their wealth in old 400 00:18:51,360 --> 00:18:53,720 cars, collectibles, fine art, things like that. 401 00:18:54,040 --> 00:18:57,440 Then if it has the right money attributes, it could not always, 402 00:18:57,440 --> 00:18:59,800 but it could evolve to the next stage, which is now a medium of 403 00:18:59,800 --> 00:19:01,400 exchange. If it's portable, divisible, 404 00:19:01,400 --> 00:19:03,960 durable, fungible things like that, it could be a medium 405 00:19:03,960 --> 00:19:05,560 exchange. And then potentially it could 406 00:19:05,560 --> 00:19:08,080 evolve to that unit of account that Jeff Booth is talking 407 00:19:08,080 --> 00:19:09,880 about. So when you asked me the 408 00:19:09,880 --> 00:19:11,800 question, the first thing I wanted, I'm I'm saying this long 409 00:19:11,800 --> 00:19:14,080 answer because I want to clarify over what time frame. 410 00:19:14,840 --> 00:19:19,520 So the way that I think about it is I think it could be worth a 411 00:19:19,720 --> 00:19:23,240 $1,000,000 per Bitcoin by the end of the decade, in five or 412 00:19:23,240 --> 00:19:29,040 six years from now. And I think I mean you you I 413 00:19:29,040 --> 00:19:31,320 was, I was searching for an article doing this report that 414 00:19:31,320 --> 00:19:35,600 I'm working on and you had posted about what's his name, 415 00:19:35,600 --> 00:19:38,240 the guy from Fidelity Jury. Right. 416 00:19:38,560 --> 00:19:41,040 And they're predicting that Bitcoin could be worth a billion 417 00:19:41,040 --> 00:19:46,080 by 2038. So sort of in this calculator 418 00:19:46,080 --> 00:19:50,240 that I'm putting together, I think in in 20 years from now, I 419 00:19:50,280 --> 00:19:53,640 mean, I had, I had Bitcoin getting up to about 18,000,000 420 00:19:53,640 --> 00:19:57,400 per coin over 20 years. That'd be by 2043. 421 00:19:57,400 --> 00:20:01,360 Again, he said a billion. Fidelity said a billion by 2038. 422 00:20:02,880 --> 00:20:05,760 So we'll have to see. Now I do want to just just for 423 00:20:05,760 --> 00:20:08,520 everybody's sake. That means that $1,000,000 is 424 00:20:08,520 --> 00:20:11,440 nothing. So in Zimbabwe, everybody became 425 00:20:11,440 --> 00:20:15,280 a billionaire. But it was 350 billion for one 426 00:20:15,280 --> 00:20:16,800 egg, so you have to keep that in mind and. 427 00:20:17,200 --> 00:20:21,000 And then that goes back to Jeff's original point, which is 428 00:20:21,000 --> 00:20:24,120 like, you don't want more money. Essentially what you want is the 429 00:20:24,120 --> 00:20:26,680 purchasing power that comes with that aspect. 430 00:20:26,680 --> 00:20:31,200 So yeah, it's, it's a very, very interesting conversation. 431 00:20:31,200 --> 00:20:33,560 And of course, the opportunity's still there, right? 432 00:20:33,560 --> 00:20:35,720 It's like. Maybe and and and let me use 433 00:20:35,720 --> 00:20:37,880 another example so people can understand this, right. 434 00:20:38,040 --> 00:20:40,040 So let's just say you know, we hear about the rise of the 435 00:20:40,040 --> 00:20:42,040 bricks and all these nations, the, you know, the BRICS 436 00:20:42,040 --> 00:20:43,560 nations, they're going to ditch U.S. 437 00:20:43,560 --> 00:20:45,920 Treasuries are going to start storing their wealth in in in 438 00:20:45,920 --> 00:20:48,280 gold for example, right. So let's just say one of these 439 00:20:48,280 --> 00:20:51,000 nations, they have a whatever, 100 billion in their in their 440 00:20:51,000 --> 00:20:53,080 sovereign fund. So like the 100 billion we're 441 00:20:53,080 --> 00:20:56,160 dumping Treasury, we're going to buy gold, OK. 442 00:20:56,160 --> 00:20:58,960 Like there's not, there's not 100 billion of gold to buy right 443 00:20:58,960 --> 00:21:02,880 now, You can't buy it. So then someone might say, well 444 00:21:02,880 --> 00:21:05,440 there's not enough gold to go around then well there's not 445 00:21:05,440 --> 00:21:08,040 enough gold to go around at the current price. 446 00:21:08,160 --> 00:21:11,720 So the price of gold would have to go to 4 or 5000, then at 4 or 447 00:21:11,720 --> 00:21:13,960 5000 there's enough gold to go around. 448 00:21:13,960 --> 00:21:15,600 And so then if you think about it like that, that's the same 449 00:21:15,600 --> 00:21:18,040 with Bitcoin, right? Because we can't expand the the 450 00:21:18,040 --> 00:21:21,920 amount of Bitcoin, we can divide it, we can't get more of it. 451 00:21:22,360 --> 00:21:26,280 And so that's why the price has to go up to get the rest of that 452 00:21:26,280 --> 00:21:28,320 value to come into it. Gotcha. 453 00:21:28,360 --> 00:21:30,320 No, it makes, it makes sense. It makes sense. 454 00:21:30,520 --> 00:21:33,400 So Mark, you're in content creation. 455 00:21:33,480 --> 00:21:38,080 We're in, we're both in media and I feel like we are living to 456 00:21:38,080 --> 00:21:40,640 pivot the conversation a little bit cuz I feel like the last 457 00:21:40,760 --> 00:21:45,280 really month or two is extremely historic, especially with the 458 00:21:45,280 --> 00:21:48,680 Tucker Carlson interview. And what I'm basically seeing is 459 00:21:49,120 --> 00:21:52,240 the And then he had this incredible interview a couple 460 00:21:52,240 --> 00:21:55,800 days ago where I forget what the names the name of the guy was, 461 00:21:55,800 --> 00:21:59,200 but basically this guy was saying that the legacy media was 462 00:21:59,200 --> 00:22:02,120 essentially an arm Matt Benz. Mike Benz. 463 00:22:02,320 --> 00:22:03,320 Yeah. Thanks Opti. 464 00:22:03,720 --> 00:22:09,240 And and it was just my eyes, I had the suspicion that a lot of 465 00:22:09,240 --> 00:22:12,640 these, that I call it the legacy media was was captured, so to 466 00:22:12,640 --> 00:22:14,240 speak. It sounds so absurd when you 467 00:22:14,240 --> 00:22:16,600 talk about it. But the reason I'm bringing this 468 00:22:16,600 --> 00:22:20,120 up is the what I'm seeing, the pattern that I'm seeing is the 469 00:22:20,120 --> 00:22:23,400 rise of independent media. So it's no longer these you 470 00:22:23,400 --> 00:22:26,680 know, credible sources. It's no longer CNN Fox News. 471 00:22:27,200 --> 00:22:30,840 It's you're seeing the rise of of of podcasters. 472 00:22:30,840 --> 00:22:33,560 You're seeing the rise of independent content creators and 473 00:22:33,560 --> 00:22:35,600 they're the ones that are getting the bulk of the views. 474 00:22:36,040 --> 00:22:38,280 And because they're the ones getting the bulk of the views, 475 00:22:38,880 --> 00:22:41,520 governments have never been able to How do you control 476 00:22:41,520 --> 00:22:43,960 independent content creator? Like how how do you control the 477 00:22:43,960 --> 00:22:45,840 narrative? How do you, how do you control 478 00:22:45,840 --> 00:22:49,480 what that person has to say. And I think the conversation is 479 00:22:49,480 --> 00:22:53,960 has shifted a lot of the the the in terms of the acceptable 480 00:22:53,960 --> 00:22:56,960 window of discourse, that thing is just moving. 481 00:22:56,960 --> 00:23:00,040 It's it's just keeps moving in a certain direction. 482 00:23:00,040 --> 00:23:03,440 I think a lot of people are getting exposed to ideas that 483 00:23:03,440 --> 00:23:09,000 were normally confined, you know, to the to the dark sides 484 00:23:09,000 --> 00:23:11,200 of the Internet, but it wouldn't be talked about in the 485 00:23:11,200 --> 00:23:12,960 mainstream. And now you're having those 486 00:23:12,960 --> 00:23:15,920 types of conversations talked about in the mainstream. 487 00:23:16,320 --> 00:23:19,240 And it's it's incredibly exciting, right? 488 00:23:19,240 --> 00:23:20,680 Especially for people who make media. 489 00:23:20,680 --> 00:23:23,080 But it's also incredibly exciting from a humanity 490 00:23:23,080 --> 00:23:25,160 standpoint. You know, 'cause now it's it's 491 00:23:25,160 --> 00:23:26,880 it's like humanity's free in a way. 492 00:23:27,280 --> 00:23:28,960 So I want to get your take on that. 493 00:23:28,960 --> 00:23:30,600 Am I seeing things that are not there? 494 00:23:30,600 --> 00:23:32,560 That's my personal interpretation of it. 495 00:23:34,080 --> 00:23:36,000 There, there's a there's a lot to unpack there. 496 00:23:36,000 --> 00:23:37,920 Nico. Mike, it's Mike Benz. 497 00:23:37,920 --> 00:23:38,840 Not Matt. Matt Benz. 498 00:23:39,640 --> 00:23:42,320 And man, I'm so disappointed I missed the freaking boat, dude. 499 00:23:42,520 --> 00:23:46,360 I I've been talking with him, DMS and I I was like, hey, I 500 00:23:46,360 --> 00:23:47,880 want to get you on the show. He's like, yeah, let's do it. 501 00:23:47,880 --> 00:23:49,280 You know, tell me when you want to come. 502 00:23:49,680 --> 00:23:52,600 Hey, when are we going to do it? And I never booked them and that 503 00:23:52,600 --> 00:23:54,560 was like the last couple weeks and now he's on Tucker and now 504 00:23:54,560 --> 00:23:57,040 he's like untouchable. So I missed my, I missed my boat 505 00:23:57,040 --> 00:23:59,640 on that one. But anyway, you know what he 506 00:23:59,640 --> 00:24:02,800 talked about? I mean you said it's a little 507 00:24:02,800 --> 00:24:04,400 bit surprising. It's hard to believe. 508 00:24:04,400 --> 00:24:07,040 I don't think so at all. I mean, this is exactly how it 509 00:24:07,040 --> 00:24:09,960 works. And it's not just him. 510 00:24:10,280 --> 00:24:14,360 So if we look at like, there's a book written called The Revolt 511 00:24:14,360 --> 00:24:17,120 of the Public. Martin Gurry wrote the book. 512 00:24:17,120 --> 00:24:20,480 I had him on my show, Amazing book, highly recommend anybody 513 00:24:20,480 --> 00:24:21,520 read it. And he was AC. 514 00:24:21,520 --> 00:24:25,760 He worked for the CIA and we had the.com run up into two 515 00:24:25,760 --> 00:24:28,640 thousand. We had the sell off in 2001. 516 00:24:28,800 --> 00:24:32,400 He said more information was created than than all of 517 00:24:32,400 --> 00:24:37,040 humanity before that in one year and then double that the next 518 00:24:37,040 --> 00:24:38,240 year, double the next year. He said wow, this is 519 00:24:38,240 --> 00:24:39,960 unsustainable. So anyway, he went and did this, 520 00:24:39,960 --> 00:24:42,040 this book and he talked about basically the revolt of the 521 00:24:42,040 --> 00:24:45,840 public is how the Internet is, is overthrowing governments. 522 00:24:45,840 --> 00:24:48,080 And he talked about like the Arab Spring in Egypt, which Mike 523 00:24:48,120 --> 00:24:50,680 Benz talked about. And he talked Mike Benz talked 524 00:24:50,680 --> 00:24:54,040 about how the the powers that be, the industrial, military, 525 00:24:54,040 --> 00:24:56,920 industrial complex, whatever was using the Internet to literally 526 00:24:56,920 --> 00:24:58,800 overthrow and do these color revolutions. 527 00:24:59,240 --> 00:25:02,640 But once the tool got big enough, where now you and I are 528 00:25:02,640 --> 00:25:05,080 able to do this and specifically more like a like a Tucker 529 00:25:05,080 --> 00:25:07,560 Carlson or somebody got big enough to challenge or actually 530 00:25:07,560 --> 00:25:10,640 to overtake mainstream media, all of a sudden they start 531 00:25:10,640 --> 00:25:15,720 freaking out. So I think having read that 532 00:25:15,720 --> 00:25:19,160 book, whatever a year ago really opened up my eyes to it. 533 00:25:20,360 --> 00:25:22,360 Hearing Mike Benz layout the guy's like a walking 534 00:25:22,360 --> 00:25:23,960 encyclopedia. I mean, he knows every single 535 00:25:23,960 --> 00:25:25,200 name, date. It's just insane. 536 00:25:25,440 --> 00:25:28,400 It really brought context to it. So maybe my mind was a little 537 00:25:28,400 --> 00:25:30,640 bit more open to it. But, you know, to the point that 538 00:25:30,640 --> 00:25:32,960 you said it's what a time, exciting time to be alive. 539 00:25:32,960 --> 00:25:35,120 It's exciting. But Nico, it's also very scary. 540 00:25:35,720 --> 00:25:40,840 And probably a year and a half ago, I told my wife that there's 541 00:25:40,840 --> 00:25:44,760 a good chance that I won't be able to live in America and do 542 00:25:44,760 --> 00:25:46,520 what I do within the next five years. 543 00:25:47,600 --> 00:25:51,760 And and and and you believe that the reason for that is just the 544 00:25:51,920 --> 00:25:56,080 You're expecting a, A. How do I phrase this? 545 00:25:56,080 --> 00:25:58,760 You're expecting a reaction from the system. 546 00:25:59,120 --> 00:26:01,240 Well, not expecting. We're already seeing it. 547 00:26:01,240 --> 00:26:02,880 So let's just, we can already just look at this. 548 00:26:02,880 --> 00:26:06,400 So for example, I mean these, these are fringe examples, but 549 00:26:06,400 --> 00:26:08,120 you start to see the slippery slope, right. 550 00:26:08,120 --> 00:26:11,080 So the founder of Tornado Cash, right? 551 00:26:11,200 --> 00:26:12,440 Like he created a piece of software. 552 00:26:12,440 --> 00:26:17,160 He ends up in jail. Right now they what they do is 553 00:26:17,160 --> 00:26:20,240 like, hey, with Alex Jones, let's just get him off the face 554 00:26:20,240 --> 00:26:21,320 of the earth. But you really can't because the 555 00:26:21,320 --> 00:26:22,760 internet's a little bit decentralized. 556 00:26:22,760 --> 00:26:24,240 We can take away his ability to make money. 557 00:26:24,360 --> 00:26:26,240 We can just sue him to high hell. 558 00:26:26,240 --> 00:26:27,640 We can make sure he can never work again. 559 00:26:27,760 --> 00:26:30,160 But you can't really get rid of them. 560 00:26:30,400 --> 00:26:33,760 And now we have tools that I'm I'm bullish on what a time to be 561 00:26:33,760 --> 00:26:36,160 alive, these decentralized communication protocols like 562 00:26:36,160 --> 00:26:38,600 Noster. But if the government can't shut 563 00:26:38,600 --> 00:26:41,080 that down, then their only option is to kill you. 564 00:26:41,600 --> 00:26:44,800 And so we already see this like what was this, the RESTRICT act 565 00:26:44,800 --> 00:26:48,160 with 26 high-ranking members of the government sign on to this 566 00:26:48,160 --> 00:26:52,440 RESTRICT act, which basically said any piece of technology 567 00:26:52,680 --> 00:26:56,120 that the government deems to be a threat to national security 568 00:26:56,120 --> 00:26:58,040 and today misinformation's a threat. 569 00:26:58,040 --> 00:26:59,920 I mean everything's a threat to national security these days. 570 00:27:00,080 --> 00:27:02,400 So anything that they deemed to be a threat to national security 571 00:27:03,080 --> 00:27:07,160 would be 1 punishable by 20 years in prison, two $1,000,000 572 00:27:07,160 --> 00:27:10,200 fine. And what was a three and a like 573 00:27:10,200 --> 00:27:11,600 a loss of all your property, right. 574 00:27:11,800 --> 00:27:14,640 That's what that's what they're proposing, Nico. 575 00:27:14,800 --> 00:27:17,240 And so this that that's an extreme, but oh, that can't 576 00:27:17,240 --> 00:27:19,160 happen in America. Well, they literally signed the 577 00:27:19,160 --> 00:27:21,400 bill and we can already see it happen in Canada. 578 00:27:21,400 --> 00:27:24,800 So in Canada, as I'm sure you're aware, they have a bill now 579 00:27:25,000 --> 00:27:28,040 where you know, content creators now have to register with the 580 00:27:28,040 --> 00:27:30,480 state. It's insane. 581 00:27:30,720 --> 00:27:33,360 And so it starts with the registration process, right? 582 00:27:33,360 --> 00:27:36,120 For your safety. They start putting these, these 583 00:27:36,120 --> 00:27:39,360 walls in and they have to. And and this goes back to the 584 00:27:39,360 --> 00:27:41,120 revolt of the public. If you, if you kind of 585 00:27:41,120 --> 00:27:43,080 understand this from a psychological and A and a 586 00:27:43,080 --> 00:27:48,000 political level, they the only way a government can maintain 587 00:27:48,000 --> 00:27:50,000 power is by controlling the narrative. 588 00:27:50,000 --> 00:27:53,120 That's it, right. So in the 1500s, during the 589 00:27:53,120 --> 00:27:54,800 before the Protestant Reformation, the church and 590 00:27:54,800 --> 00:27:57,240 state was able to control the narrative because people didn't 591 00:27:57,240 --> 00:27:59,360 have the Bible. The printing press disseminated 592 00:27:59,360 --> 00:28:02,280 that information. And once that information got to 593 00:28:02,280 --> 00:28:04,800 the public, the church and state could no longer hold on to the 594 00:28:04,800 --> 00:28:07,320 power even though they tried, they killed everybody, labeled 595 00:28:07,320 --> 00:28:09,600 them heretics, etcetera. And so today we're seeing the 596 00:28:09,600 --> 00:28:12,440 same thing where we have the the state trying to maintain a 597 00:28:12,440 --> 00:28:15,680 narrative but the the Internet slews, like the Internet 598 00:28:15,680 --> 00:28:18,720 investigators, they they just debunked, they just bring the 599 00:28:18,720 --> 00:28:21,280 information out just so quick the government can't maintain 600 00:28:21,280 --> 00:28:22,680 it. So they'll do just like the 601 00:28:22,680 --> 00:28:24,440 1500s. They'll start to kill all the 602 00:28:24,440 --> 00:28:27,680 heretics or you know kill their their character, assassinate 603 00:28:27,680 --> 00:28:29,240 their character, make them go bankrupt, whatever. 604 00:28:29,240 --> 00:28:32,200 They will hopefully not actually kill them, but it's it's just 605 00:28:32,200 --> 00:28:33,720 not going to work. But but that that's kind of 606 00:28:33,720 --> 00:28:35,360 where we're at. So what a time to be alive, 607 00:28:35,360 --> 00:28:37,120 Nico. But it could. 608 00:28:37,120 --> 00:28:39,160 It could get scary. I I agree. 609 00:28:39,160 --> 00:28:42,440 And you know, I, we, I, I joke around with Opti all the time 610 00:28:42,440 --> 00:28:45,000 and you know as a first generation American that you get 611 00:28:45,000 --> 00:28:49,360 sold this idea of, you know, the US, you know, the home of the 612 00:28:49,440 --> 00:28:51,000 land of the free, home of the brave. 613 00:28:51,680 --> 00:28:54,800 And you know, I, I come from originally my parents and I, I 614 00:28:54,800 --> 00:28:57,360 come from Venezuela, right. So I I saw this country 615 00:28:57,360 --> 00:28:59,280 essentially one of the wealthiest countries in South 616 00:28:59,280 --> 00:29:02,160 America and it fell to collectivism within 20 years. 617 00:29:03,280 --> 00:29:09,240 So seeing the the same signs is so apparent is yeah, you're 618 00:29:09,240 --> 00:29:10,720 right. It's absolutely scary And and I 619 00:29:10,720 --> 00:29:13,120 joke, I joke with Opti. I say, hey man, we're gonna try 620 00:29:13,120 --> 00:29:15,400 to hold it down here. But if not, we're gonna change 621 00:29:15,400 --> 00:29:17,880 simply Bitcoin's name to simplymente Bitcoin and we're 622 00:29:17,880 --> 00:29:21,120 gonna move to El Salvador. So what? 623 00:29:21,120 --> 00:29:24,560 What other locations would you have envisioned? 624 00:29:24,560 --> 00:29:27,800 Where would you escape to? Because there's that, all that, 625 00:29:27,800 --> 00:29:30,920 all that other narrative, which is, you know, if America falls, 626 00:29:31,000 --> 00:29:32,600 everywhere else falls. Do you agree with that? 627 00:29:32,880 --> 00:29:35,440 Yeah, for sure. Because what happens is you 628 00:29:35,440 --> 00:29:37,600 always need one bright spot, right? 629 00:29:37,600 --> 00:29:40,720 Like, like, we should be, like, split testing, right? 630 00:29:40,720 --> 00:29:43,960 Like, wow, let's try capitalism in America, and let's try 631 00:29:43,960 --> 00:29:45,960 socialism everywhere else. Well, it looks like capitalism 632 00:29:45,960 --> 00:29:47,560 worked, right? So we should always have that 633 00:29:47,920 --> 00:29:49,920 and it and it's exactly why they want, why they want America to 634 00:29:49,920 --> 00:29:51,360 fall. Because you can't. 635 00:29:51,360 --> 00:29:54,520 If you, if you read back to like the the collapse of the USSR, 636 00:29:54,680 --> 00:29:57,600 like the Gulag, Acapello and some of the works of those guys, 637 00:29:57,880 --> 00:30:00,720 you can see what the state, the communist state tried to do is 638 00:30:00,720 --> 00:30:03,640 they had to eliminate all truth because as soon as somebody 639 00:30:03,640 --> 00:30:07,000 could break 3, break, break free and live the truth and people 640 00:30:07,000 --> 00:30:09,680 saw that they would want that. It's why. 641 00:30:09,680 --> 00:30:11,280 It's why. It's why China has had the Great 642 00:30:11,280 --> 00:30:14,440 Firewall. What what literally brought the 643 00:30:14,440 --> 00:30:18,040 end of the COVID mandates there in China was when the World Cup 644 00:30:18,040 --> 00:30:21,480 was on and they tried to like obfuscate the people in the 645 00:30:21,480 --> 00:30:23,360 stands so that people in China couldn't say they weren't 646 00:30:23,360 --> 00:30:25,240 wearing masks. And when all the people in China 647 00:30:25,240 --> 00:30:27,200 saw they weren't wearing masks, they were like, what they don't 648 00:30:27,200 --> 00:30:28,680 have to wear like we're we're done with it, right? 649 00:30:28,920 --> 00:30:30,800 So that they they can't allow that to happen. 650 00:30:31,480 --> 00:30:32,840 That's why America has to come down. 651 00:30:32,840 --> 00:30:38,160 We can't have this, the shining beacon that people want, nor nor 652 00:30:38,160 --> 00:30:41,920 can we have history because they don't want people thinking about 653 00:30:41,920 --> 00:30:44,440 the good old days. Oh, remember how good it used to 654 00:30:44,440 --> 00:30:46,120 be. So they have to change history 655 00:30:46,120 --> 00:30:48,520 to be bad. So we don't want to go back to 656 00:30:48,520 --> 00:30:49,560 that, right? So that's what happens in a 657 00:30:49,560 --> 00:30:52,120 cultural revolution like Malice China or what we're having here. 658 00:30:53,200 --> 00:30:55,200 But back to the question that you asked, like, where would we 659 00:30:55,200 --> 00:30:57,120 go? You know, we don't know the 660 00:30:57,120 --> 00:30:59,800 answer to that. So I think about we have massive 661 00:30:59,800 --> 00:31:03,560 uncertainty in front of us and the way that we beat uncertainty 662 00:31:03,560 --> 00:31:07,480 is with optionality. So the more options I have, the 663 00:31:07,480 --> 00:31:10,320 more equipped I'll be able to deal with whatever comes up, and 664 00:31:10,320 --> 00:31:13,200 we don't know what those are. Some of the ways I think through 665 00:31:13,200 --> 00:31:18,360 it, though, are, first of all, one there's no, there's no 666 00:31:18,360 --> 00:31:21,360 utopia for everybody because we all want something different. 667 00:31:21,400 --> 00:31:23,240 So for example, I'm a big fan of Mexico. 668 00:31:23,240 --> 00:31:25,000 I'm building a house down in Mexico right now. 669 00:31:25,000 --> 00:31:27,640 A lot of people are fans of Mexico, but some people want to 670 00:31:27,640 --> 00:31:30,680 be in Tulum or Plato, Carmen because it's beautiful there. 671 00:31:30,680 --> 00:31:32,480 And I agree it is, but there's no waves there. 672 00:31:32,640 --> 00:31:34,920 So for me, I want to be on the other coast of Mexico where 673 00:31:34,920 --> 00:31:36,840 there's waves you see. So it's just little, little 674 00:31:36,840 --> 00:31:39,360 things like that. But I would one, I would start 675 00:31:39,360 --> 00:31:41,800 to look at the nation and think about how did they handle the 676 00:31:41,800 --> 00:31:43,600 last pandemic. That's sort of a good litmus 677 00:31:43,600 --> 00:31:45,960 test. And then sort of like, what are 678 00:31:45,960 --> 00:31:49,240 their policies right now? So like in Mexico, for example, 679 00:31:49,240 --> 00:31:52,800 you could easily say that the government is more authoritarian 680 00:31:52,800 --> 00:31:56,200 and more closer to communist than the US is, but they're not 681 00:31:56,200 --> 00:31:58,760 able to really enforce that. So the actual people that live 682 00:31:58,760 --> 00:32:01,080 there live way more free than we do in the United States, for 683 00:32:01,080 --> 00:32:02,800 example, even though the government is, is more 684 00:32:02,800 --> 00:32:04,920 restrictive. And the same could be said 685 00:32:04,920 --> 00:32:07,800 throughout Central America. So I think one, how do they do 686 00:32:07,800 --> 00:32:09,920 that? I think about some of the 687 00:32:09,920 --> 00:32:13,080 Eastern parts of Europe who are sort of freshly out of 688 00:32:13,080 --> 00:32:14,400 communism. They're not going to be going 689 00:32:14,400 --> 00:32:15,920 back to that very time anytime soon. 690 00:32:16,680 --> 00:32:18,440 El Salvador, you mentioned El Salvador. 691 00:32:18,880 --> 00:32:21,080 What's going on down there is so exciting. 692 00:32:21,080 --> 00:32:24,080 It makes me kind of want to go be a piece of that right now 693 00:32:24,600 --> 00:32:26,040 because they're trending in the right direction. 694 00:32:26,280 --> 00:32:28,640 But that being said, I want to say one more thing and I'll take 695 00:32:28,640 --> 00:32:31,600 a break. But we have to be able to hold 696 00:32:31,600 --> 00:32:33,160 two thoughts in our head at the same time. 697 00:32:33,880 --> 00:32:36,200 I'm sure you would agree, Nico, because you make content so you 698 00:32:36,200 --> 00:32:39,200 see it all like I do. One big problem that people have 699 00:32:39,200 --> 00:32:42,240 today is they lack all nuance and critical thinking. 700 00:32:42,360 --> 00:32:44,320 Everything's not linear. There's nuance with everything, 701 00:32:44,320 --> 00:32:45,760 right? So we have to be able to manage 702 00:32:45,760 --> 00:32:50,280 two thoughts in our head and the two thoughts are Dang. the US is 703 00:32:50,280 --> 00:32:54,160 going in the bad direction. It's like really bad and like 704 00:32:54,160 --> 00:32:56,680 the where we're going it it's gonna get bad. 705 00:32:57,080 --> 00:33:00,560 But at the same time, it's still the best place to be. 706 00:33:01,080 --> 00:33:03,440 So I can hold both of those thoughts at the same time. 707 00:33:03,680 --> 00:33:06,320 El Salvador is going in the right direction. 708 00:33:06,360 --> 00:33:09,240 Oh my gosh, look how exciting. Look what they're building. 709 00:33:09,600 --> 00:33:11,040 So it's going in the right direction. 710 00:33:11,040 --> 00:33:13,200 But today it's not that good of a place. 711 00:33:13,200 --> 00:33:16,040 So you have to be able to hold both of those those those points 712 00:33:16,040 --> 00:33:17,880 and you have to be able to balance that out, if that makes 713 00:33:17,880 --> 00:33:20,400 sense. It absolutely makes sense and 714 00:33:20,400 --> 00:33:23,040 that's a really, really great way of looking at it. 715 00:33:23,040 --> 00:33:26,520 And I kind of want to go back to because it's a, it's a very 716 00:33:26,520 --> 00:33:32,560 fascinating rabbit hole, which is basically the the why the US 717 00:33:32,560 --> 00:33:35,880 is heading in this direction. And you know, you can basically, 718 00:33:36,160 --> 00:33:37,480 you know, start in the 60s, right? 719 00:33:37,480 --> 00:33:38,880 And you can go down that rabbit hole. 720 00:33:38,880 --> 00:33:41,400 It's a fascinating rabbit hole. But I want to get your take. 721 00:33:41,480 --> 00:33:44,960 Like, what happened? Like why did this happen? 722 00:33:44,960 --> 00:33:48,160 What happened? Is this solvable, right. 723 00:33:48,160 --> 00:33:51,280 You're starting to see a little bit of a of a push back in the 724 00:33:51,280 --> 00:33:53,960 US, especially from the Tea Party and you kind of see it. 725 00:33:53,960 --> 00:33:56,760 But you know, a part of me it's like, is it too little too late, 726 00:33:56,760 --> 00:34:00,040 you know, is this, is this, you know, is is this just history 727 00:34:00,040 --> 00:34:01,960 repeating itself? So I want to get your take on 728 00:34:01,960 --> 00:34:05,920 that. Well, first I would say how did 729 00:34:05,920 --> 00:34:08,719 we get here? I mean there's let's come back 730 00:34:08,719 --> 00:34:10,360 to that. Let's talk about is it too late 731 00:34:11,080 --> 00:34:13,679 and and it is too late. And here's what I mean by that. 732 00:34:14,679 --> 00:34:18,719 I've said I did AI, did a show with Breedlove and I and I said 733 00:34:18,719 --> 00:34:22,040 I called it the crisis of confidence, crisis and authority 734 00:34:22,040 --> 00:34:24,800 of confidence. And what I said is that the 735 00:34:24,800 --> 00:34:29,000 current form of government we have is no longer compatible 736 00:34:29,000 --> 00:34:32,920 with the world that we live in, not just the United States, all 737 00:34:32,920 --> 00:34:36,320 around the world. So it's too late because the 738 00:34:36,320 --> 00:34:40,040 current form of government that we've known and we've had is not 739 00:34:40,040 --> 00:34:41,760 compatible anymore. It won't work. 740 00:34:41,760 --> 00:34:44,560 We can't go back to it. So what do I mean by that? 741 00:34:45,600 --> 00:34:48,960 You you, you know you've heard me talk about cycles quite a 742 00:34:48,960 --> 00:34:50,760 bit. I I look at three big cycles, 743 00:34:50,760 --> 00:34:53,320 political cycles, technological revolution cycles and and 744 00:34:53,320 --> 00:34:55,800 financial cycles. It's always technology that 745 00:34:55,800 --> 00:34:58,680 changes the world. It changes the world because it 746 00:34:58,680 --> 00:35:00,560 changed the way that we communicate and it changed the 747 00:35:00,560 --> 00:35:03,960 way that we organize, right. And so I I mentioned the the 748 00:35:03,960 --> 00:35:07,400 printing press in the 1500s, the world had moved towards 749 00:35:07,400 --> 00:35:09,880 centralization, right. What happened? 750 00:35:09,880 --> 00:35:12,600 You had the feudal system. So the feudal system was was 751 00:35:12,600 --> 00:35:15,800 very centralized from the top down and then that got 752 00:35:15,800 --> 00:35:17,960 disbanded. We sort of went to the dark ages 753 00:35:18,120 --> 00:35:20,520 and then it was the church that started bringing bringing all 754 00:35:20,520 --> 00:35:23,680 the repair bringing everything back and then it got back to 755 00:35:23,680 --> 00:35:25,440 centralized where we had the church and the state over 756 00:35:25,480 --> 00:35:29,160 everything technology then create the printing press which 757 00:35:29,160 --> 00:35:32,040 then broke the grip of that and we went back to a decentralized 758 00:35:32,040 --> 00:35:34,240 world farms, cottage industry etcetera. 759 00:35:34,240 --> 00:35:37,080 Then 250 years later. So it's a 250 year cycle this 760 00:35:37,080 --> 00:35:40,440 moves right 250 years later you have the industrial revolution. 761 00:35:40,600 --> 00:35:42,800 And so now I couldn't be in the farms and factories anymore. 762 00:35:42,800 --> 00:35:45,800 I had to move into the cities or farms and cottage I had to move 763 00:35:45,800 --> 00:35:48,920 to the cities for the factories. And so then that was a very the 764 00:35:48,920 --> 00:35:52,720 technology created this massive centralizing force where and it 765 00:35:52,720 --> 00:35:55,800 wasn't just like so it had to had to be in the cities and then 766 00:35:55,800 --> 00:35:59,400 we had you know 1908 Henry Ford created the automobile but he 767 00:35:59,480 --> 00:36:01,480 what he really created was mass production. 768 00:36:02,080 --> 00:36:05,680 And so that that centralizing force of technology continue 769 00:36:05,680 --> 00:36:08,920 continue continued for 100 years and it culminated in the early 770 00:36:08,920 --> 00:36:12,040 1900s where we had mass production and in order to 771 00:36:12,040 --> 00:36:15,520 manage mass production I had to have AI had to have a mass 772 00:36:15,520 --> 00:36:19,520 management style to manage the masses like cogs in a wheel. 773 00:36:19,800 --> 00:36:22,240 So I can get maximum performance looking at everybody as a 774 00:36:22,240 --> 00:36:25,360 performance person on like an assembly line, All right. 775 00:36:25,480 --> 00:36:29,320 So we had mass production, which then grew a mass middle class 776 00:36:29,480 --> 00:36:33,160 because dumb people and smart people were equal on an assembly 777 00:36:33,160 --> 00:36:34,680 line. So instead of having this 778 00:36:34,680 --> 00:36:37,840 dispersion like we should have, naturally everybody created this 779 00:36:37,840 --> 00:36:40,480 middle class. We had this mass production, so 780 00:36:40,480 --> 00:36:44,920 we had mass management and then we created mass government to 781 00:36:44,960 --> 00:36:48,840 manage the mass management of the mass production, OK. 782 00:36:48,960 --> 00:36:50,480 But we don't live in that world anymore. 783 00:36:50,480 --> 00:36:53,640 We're no longer in mass production now We're in the. 784 00:36:53,680 --> 00:36:55,600 We're not in the. We're not in the industrial age 785 00:36:55,600 --> 00:36:57,760 anymore. Now we're in the information 786 00:36:57,760 --> 00:36:59,880 age. And that's part of the reason 787 00:36:59,880 --> 00:37:03,600 why that we have this massive disparity between income, this 788 00:37:03,600 --> 00:37:05,160 income inequality gap as they call it. 789 00:37:05,160 --> 00:37:06,840 I don't think it's a problem like people say it is. 790 00:37:07,000 --> 00:37:10,120 We have this massive gap in income because we're not all 791 00:37:10,120 --> 00:37:12,320 equal on assembly line. Now smarter people get further 792 00:37:12,320 --> 00:37:14,720 ahead. But what this means is that 793 00:37:14,720 --> 00:37:20,280 instead of big cities and big factories, big cities, big 794 00:37:20,280 --> 00:37:22,400 factories and mass management manage people like a cog in a 795 00:37:22,400 --> 00:37:23,840 wheel. That's what Kinzian economics 796 00:37:23,840 --> 00:37:25,240 does, right? Manage people like a cog in a 797 00:37:25,240 --> 00:37:28,000 wheel. Now we have people like you and 798 00:37:28,000 --> 00:37:31,480 me making money on the Internet, traveling the world, doing all 799 00:37:31,480 --> 00:37:35,240 these different things, and that form of government that was 800 00:37:35,240 --> 00:37:38,080 built to manage the masses. It doesn't work anymore. 801 00:37:38,480 --> 00:37:41,920 You can't have 330 million people in the United States 802 00:37:41,920 --> 00:37:44,480 under a single regime. It just, it won't work. 803 00:37:44,480 --> 00:37:46,400 Not with the Internet when we were kids. 804 00:37:46,400 --> 00:37:47,560 I know I'm going on a little bit of rant here. 805 00:37:47,560 --> 00:37:49,880 Let me finish this point when we were kids. 806 00:37:50,120 --> 00:37:52,120 You're old, you're younger than me, so maybe you don't remember 807 00:37:52,120 --> 00:37:54,080 as much as I did. But when we were kids, we all 808 00:37:54,080 --> 00:37:57,840 listened to the same music, we all watched the same movies, we 809 00:37:57,840 --> 00:38:01,720 all wore the same thing. But the Internet allowed all of 810 00:38:01,720 --> 00:38:05,600 this diversity that allowed us to all find these little niches. 811 00:38:05,800 --> 00:38:08,160 And we started getting more and more and more niched out. 812 00:38:08,160 --> 00:38:09,760 Right now, we listen to different music, we watch 813 00:38:09,800 --> 00:38:11,520 different movies, we wear different things. 814 00:38:12,200 --> 00:38:15,800 And so the central government that we've had that was created 815 00:38:15,800 --> 00:38:19,320 to manage a world from 100 years ago, it doesn't work anymore and 816 00:38:19,320 --> 00:38:22,800 it won't work now. The way the country was founded, 817 00:38:23,440 --> 00:38:27,360 under 50 independent states, under one government, we could 818 00:38:27,360 --> 00:38:30,400 go back to that, but we can't have one central government over 819 00:38:30,400 --> 00:38:32,520 330 million. People. 820 00:38:32,520 --> 00:38:34,600 Yeah. And I I I completely agree. 821 00:38:34,600 --> 00:38:39,720 And the the IT it's so, you know I I think every, every Bitcoin, 822 00:38:39,800 --> 00:38:42,960 every person at this point you have to read the sovereign 823 00:38:42,960 --> 00:38:45,320 individual. They they they they lay this 824 00:38:45,320 --> 00:38:47,240 out. I completely agree with you. 825 00:38:47,240 --> 00:38:51,240 Information Technologies makes that system, that system, 826 00:38:51,240 --> 00:38:55,200 obsolete and kind of leads me to circle back to the original 827 00:38:55,200 --> 00:38:59,120 question that I asked you which is we're we're we're witnessing, 828 00:38:59,440 --> 00:39:02,440 we're witnessing this happen in real time. 829 00:39:02,440 --> 00:39:05,560 You know, and it's just crazy. And then watching the response, 830 00:39:06,040 --> 00:39:08,600 you know, I'll tell you this, Mark, and you'll appreciate 831 00:39:08,600 --> 00:39:13,040 this. I saw a the Who's the the old 832 00:39:13,040 --> 00:39:17,000 host of The Daily Show, Jon Stewart. 833 00:39:17,280 --> 00:39:18,800 OK, yeah, Jon Stewart. It was Jon. 834 00:39:18,800 --> 00:39:20,600 Stewart, he He's back, by the way, with another show, but 835 00:39:20,600 --> 00:39:23,280 yeah. He came back to host The Daily 836 00:39:23,280 --> 00:39:28,440 Show as a guest, and he did. The first episode he did, He 837 00:39:28,440 --> 00:39:31,160 came back on, he did it on Tucker. 838 00:39:31,720 --> 00:39:34,080 And you're watching and I remember watching this like 15 839 00:39:34,080 --> 00:39:35,360 years ago. It'd be like this is a huge fan 840 00:39:35,360 --> 00:39:36,920 of the show. And I remember I was like 841 00:39:36,920 --> 00:39:39,760 watching the show and with the fake laughs in the background, 842 00:39:39,880 --> 00:39:42,680 like, you know, like the the SNL laughs, like they add the laugh 843 00:39:42,680 --> 00:39:46,080 tracks into the the episodes and I'm looking at that. 844 00:39:46,080 --> 00:39:48,640 I'm like, dude, this is propaganda. 845 00:39:48,640 --> 00:39:53,080 Like this is like, this is this is 10 times better, 100 times 846 00:39:53,080 --> 00:39:55,320 better than the Soviet Union. This is crazy. 847 00:39:55,320 --> 00:40:00,280 They're literally attacking this man's character because he did 848 00:40:00,280 --> 00:40:03,400 an interview that was out outside the acceptable window of 849 00:40:03,400 --> 00:40:07,720 discourse and it was just so fascinating to me, man, how 850 00:40:07,720 --> 00:40:11,560 things are changing. So OK, how can individuals, what 851 00:40:11,560 --> 00:40:13,440 advice would you give individuals other than buy 852 00:40:13,440 --> 00:40:15,560 Bitcoin other than do your own research? 853 00:40:15,880 --> 00:40:18,720 What advice would you give to individuals and what advice? 854 00:40:18,720 --> 00:40:21,480 How would you tell them to deal with their parents that perhaps 855 00:40:21,720 --> 00:40:25,760 can't move with the times? Yeah, I think, you know, I think 856 00:40:25,760 --> 00:40:28,280 it's pretty evident at this point that we're not going to be 857 00:40:28,280 --> 00:40:31,720 voting ourselves out of this. I believe that we have to build 858 00:40:31,720 --> 00:40:35,880 our way out of this. Like, it's up to like if if you, 859 00:40:35,880 --> 00:40:38,160 if you look at like Iron Rand's, you know the Atlas Shrugged, 860 00:40:38,160 --> 00:40:39,720 right. It's like the productive people 861 00:40:39,720 --> 00:40:41,720 of the world are the ones that drive the world. 862 00:40:42,000 --> 00:40:44,520 We're the ones with the ideas, the innovations, the hard work, 863 00:40:44,520 --> 00:40:47,080 the effort and we create the world through building. 864 00:40:47,600 --> 00:40:50,160 And then you have the unproductive class, as she said, 865 00:40:50,480 --> 00:40:53,840 when you have to get permission to produce from men who produce 866 00:40:53,840 --> 00:40:55,800 nothing. So you have this unproductive 867 00:40:55,800 --> 00:40:57,240 class that doesn't produce anything. 868 00:40:57,240 --> 00:40:58,880 They're like parasites trying to pull. 869 00:40:59,200 --> 00:41:01,120 But we have to build our way out of this. 870 00:41:01,280 --> 00:41:03,800 So back to this form of government's no longer 871 00:41:03,800 --> 00:41:05,920 compatible. We can see this like when 872 00:41:05,920 --> 00:41:08,680 they're trying to enact bills like they're going like 873 00:41:08,680 --> 00:41:11,560 Elizabeth Warren wants to like change the way like the Bitcoin 874 00:41:11,560 --> 00:41:13,600 code works. And like she wants to like make 875 00:41:13,600 --> 00:41:16,080 miners have to collect KYC data like travel rule. 876 00:41:16,080 --> 00:41:19,960 Like OK that that doesn't work. You can't self custody. 877 00:41:19,960 --> 00:41:22,080 Like, I can't know 12 words in my head. 878 00:41:22,080 --> 00:41:23,520 Like what? What do you mean Like how does 879 00:41:23,520 --> 00:41:23,960 that work? Right. 880 00:41:23,960 --> 00:41:27,280 So like they're they're not able to keep up with how fast the 881 00:41:27,280 --> 00:41:30,320 world is changing. And so it's up to us as as 882 00:41:30,320 --> 00:41:34,400 builders, as entrepreneurs. I know you are Nico, I am to 883 00:41:34,400 --> 00:41:37,080 build our way out of this. And So what does the average 884 00:41:37,080 --> 00:41:40,040 person do about this one? You have to learn to take care 885 00:41:40,040 --> 00:41:41,840 of yourself. You have to think about your own 886 00:41:41,840 --> 00:41:44,760 health, right? Becomes become the better player 887 00:41:44,760 --> 00:41:47,080 that get your mind right. Learn how to think critically, 888 00:41:47,360 --> 00:41:50,440 learn how to digest and and and discern information. 889 00:41:50,680 --> 00:41:53,480 You have to build up your health and your energy and your focus 890 00:41:54,080 --> 00:41:55,360 and you got to get your money right? 891 00:41:55,360 --> 00:41:56,720 Right. Like there's no way to escape 892 00:41:56,720 --> 00:41:58,800 the matrix unless you have money and influence. 893 00:42:00,160 --> 00:42:03,520 You need money and influence. My kids, they call them MPCS. 894 00:42:03,840 --> 00:42:05,600 If you don't have you're a non player. 895 00:42:05,680 --> 00:42:06,800 You need to be a player character. 896 00:42:06,800 --> 00:42:07,840 You need to be a character right? 897 00:42:07,840 --> 00:42:11,120 Power up your character. You need to up level your life. 898 00:42:11,120 --> 00:42:13,960 You need to create some income and that means like get out of 899 00:42:13,960 --> 00:42:15,800 your mom's basement. Stop watching Netflix and like 900 00:42:15,800 --> 00:42:17,240 work man. Like build something. 901 00:42:17,240 --> 00:42:19,560 Develop something. Go work with people who are 902 00:42:19,560 --> 00:42:21,080 building and developing something. 903 00:42:21,760 --> 00:42:25,200 Learn to create wealth by providing value into the world. 904 00:42:25,640 --> 00:42:28,600 Then yes, when with that excess money of course buy Bitcoin 905 00:42:28,760 --> 00:42:30,000 right. But Bitcoin doesn't help you if 906 00:42:30,000 --> 00:42:32,720 you don't have any savings And we've there was that tweet going 907 00:42:32,720 --> 00:42:34,960 around last couple days with Russell O Kong and he was 908 00:42:34,960 --> 00:42:36,720 talking about how nobody's in these. 909 00:42:37,160 --> 00:42:39,640 I think it was third world countries, Africa, whatever, 910 00:42:39,640 --> 00:42:41,560 wasn't into buying Bitcoin because yeah, they don't have 911 00:42:41,560 --> 00:42:44,040 any savings. And so take care of yourself, 912 00:42:44,240 --> 00:42:48,440 build up your energy effort, think clearly, go start building 913 00:42:48,520 --> 00:42:52,160 either on your own or go help people who are building create 914 00:42:52,160 --> 00:42:53,720 wealth by putting value into the world. 915 00:42:53,880 --> 00:42:56,840 Take that value and then you can start, you know, parking that 916 00:42:56,840 --> 00:42:59,280 over into Bitcoin. But yeah, we're going to have to 917 00:42:59,280 --> 00:43:01,560 build our way out of this. It's the it's the doers, it's 918 00:43:01,560 --> 00:43:03,680 the builders. I'm super bullish on when 919 00:43:03,680 --> 00:43:05,840 millions of entrepreneurs are, you know, backs are against the 920 00:43:05,840 --> 00:43:06,800 wall. Yeah. 921 00:43:06,800 --> 00:43:09,640 And and they're completely unleashed and you know no one's 922 00:43:09,640 --> 00:43:11,640 gonna judge them based on where they're from. 923 00:43:11,640 --> 00:43:13,640 Whatever the Internet is gonna give them. 924 00:43:14,280 --> 00:43:17,160 Not equal opportunity, right. But at least a shot. 925 00:43:17,160 --> 00:43:19,360 Right. And you know it It's I'm, I'm 926 00:43:19,360 --> 00:43:23,440 incredibly excited. So you know there is gonna be a 927 00:43:23,520 --> 00:43:25,840 a backlash and this is talked about in the sovereign 928 00:43:25,840 --> 00:43:31,560 individual and you know the the I think the you you wrote a book 929 00:43:31,560 --> 00:43:33,600 with him. Svetsky calls them the laggards 930 00:43:33,800 --> 00:43:35,760 in iron rands. Atlas Shrugged, They're called 931 00:43:35,760 --> 00:43:40,280 the looters, right? The people that benefit from, 932 00:43:40,280 --> 00:43:42,640 you know, the the welfare state, right? 933 00:43:42,640 --> 00:43:45,440 There's just this idea, you know, that is based on the 934 00:43:45,440 --> 00:43:48,760 wealth redistribution mechanism that is enabled by Fiat, right? 935 00:43:49,040 --> 00:43:52,560 Once that mechanism, you know, gets attacked or, you know, 936 00:43:52,560 --> 00:43:56,720 affected, like how are they gonna be able to, you know, give 937 00:43:56,720 --> 00:43:59,120 away that free stuff that they're promising, right? 938 00:43:59,200 --> 00:44:01,360 I don't think they'll be able to the way that they have in the 939 00:44:01,360 --> 00:44:02,480 past. And I think that's gonna be a 940 00:44:02,480 --> 00:44:06,160 shock to a large portion of the population. 941 00:44:06,640 --> 00:44:08,480 What is that pushback going to look like? 942 00:44:08,480 --> 00:44:09,840 How do people protect themselves? 943 00:44:09,960 --> 00:44:12,720 Is are we just all going to move to a citadel in the middle of 944 00:44:12,760 --> 00:44:15,560 nowhere and just surround ourselves with Electro? 945 00:44:15,680 --> 00:44:17,880 I'm making a joke, but I'm dead serious at the same time. 946 00:44:18,160 --> 00:44:19,720 I think we have a model right in front of us. 947 00:44:19,720 --> 00:44:21,280 We we can see it. Remember I talked about this 948 00:44:21,280 --> 00:44:23,440 competitive nature where we can see these models playing out. 949 00:44:23,440 --> 00:44:26,520 So if if if your listeners haven't been paying attention, 950 00:44:26,520 --> 00:44:28,400 like everyone needs to be watching what's going on in 951 00:44:28,400 --> 00:44:32,000 South Africa. And I don't want to get get into 952 00:44:32,000 --> 00:44:34,040 like the the Super weeds into this. 953 00:44:34,280 --> 00:44:37,280 But like you basically had South Africa which was like one of the 954 00:44:37,280 --> 00:44:40,320 richest nations, you know, the the richest nation on the 955 00:44:40,320 --> 00:44:43,560 African continent, one of the, you know, great richest nations 956 00:44:43,560 --> 00:44:45,880 in the world. They had their apartheid thing. 957 00:44:45,880 --> 00:44:49,720 They decided to break down the apartheid and then they started 958 00:44:49,720 --> 00:44:53,920 doing DEI. So then we had to get instead of 959 00:44:54,080 --> 00:44:57,400 meritocracy, we had to have equity and inclusion. 960 00:44:57,800 --> 00:45:00,560 And we saw we can see how well that's going for us here. 961 00:45:00,560 --> 00:45:03,120 And it did equally bad there. There are a few decades in front 962 00:45:03,120 --> 00:45:05,560 of us, let's just say, let's Fast forward. 963 00:45:06,000 --> 00:45:08,520 South Africa is now in complete shambles. 964 00:45:08,760 --> 00:45:11,440 They can't even keep their electricity on. 965 00:45:11,440 --> 00:45:13,440 Niko. It's been this way. 966 00:45:13,680 --> 00:45:15,480 Some of my best friends came from South Africa. 967 00:45:15,480 --> 00:45:18,320 So in high school I remember hearing these stories and even 968 00:45:18,320 --> 00:45:20,600 back then there was areas where the police couldn't go to cause 969 00:45:20,600 --> 00:45:24,400 the crime was so bad. But anyway, now today it's so 970 00:45:24,400 --> 00:45:25,960 bad they can't even keep the electricity on. 971 00:45:26,240 --> 00:45:30,400 They have between like 12 to 16 hour power blackouts every 972 00:45:30,400 --> 00:45:34,520 single day in South Africa. So now they have no electricity, 973 00:45:34,520 --> 00:45:35,520 which means they have no commerce. 974 00:45:35,520 --> 00:45:37,680 They have no business like all their ports, like some of the 975 00:45:37,680 --> 00:45:39,800 best export ports in the world. They're all shut down, no one. 976 00:45:39,800 --> 00:45:40,920 They can't man them. They can't run them. 977 00:45:41,440 --> 00:45:44,160 I might be over exaggerating some of this, but they they the 978 00:45:44,160 --> 00:45:45,680 power shut down 1214 hours a day. 979 00:45:45,680 --> 00:45:47,400 So then their their economy's crumbling. 980 00:45:47,560 --> 00:45:50,840 There's no tax revenue, they can't fund the police, crime is 981 00:45:50,840 --> 00:45:52,360 ridden. OK, so it's really bad. 982 00:45:52,640 --> 00:45:55,920 However, the point that I'm making is in in South, in South 983 00:45:55,920 --> 00:46:01,040 Africa, there's little enclaves where people have decided to 984 00:46:01,160 --> 00:46:04,240 create their own power grids and have their own police. 985 00:46:05,000 --> 00:46:08,320 And you have these enclaves throughout the country where 986 00:46:08,320 --> 00:46:11,240 people are running, are, are living that citadel, if you 987 00:46:11,240 --> 00:46:14,480 will, now, not the lone wolf. What's happening? 988 00:46:14,480 --> 00:46:16,800 This is a very sad thing. I hate to even bring this up, 989 00:46:16,800 --> 00:46:20,360 but there's basically genocide going on down there and they're 990 00:46:20,360 --> 00:46:23,480 just slaughtering like the the the white farmers that are out 991 00:46:23,480 --> 00:46:27,000 on the farms, but in these enclaves they've built up their 992 00:46:27,000 --> 00:46:28,840 cities, they have their own power generation, their own 993 00:46:29,400 --> 00:46:32,280 police, etcetera. And so that's sort of a model of 994 00:46:32,280 --> 00:46:35,120 like what could happen in a failed state like that. 995 00:46:35,640 --> 00:46:37,960 And yet you still sort of have the citadels to your point. 996 00:46:38,160 --> 00:46:40,880 And I'm sure I haven't been to Argentina, but I'm guessing even 997 00:46:40,880 --> 00:46:43,160 in Argentina, Venezuela, countries that have completely 998 00:46:43,160 --> 00:46:46,720 collapsed, they still have these enclaves, these pockets of of 999 00:46:46,720 --> 00:46:50,160 people that are productive. And what's really interesting 1000 00:46:50,160 --> 00:46:53,000 too about these pockets is like not only the the 1001 00:46:53,000 --> 00:46:57,840 self-sufficiency but also the self-reliance. 1002 00:46:58,000 --> 00:47:02,120 And by being self-reliance it shows that a large central 1003 00:47:02,120 --> 00:47:05,640 government is obsolete. It's not necessary in a way. 1004 00:47:05,880 --> 00:47:09,040 So yeah and and you hear that but usually in Venezuela the 1005 00:47:09,040 --> 00:47:12,400 stories that I hear is is like the the very wealthy class they 1006 00:47:12,400 --> 00:47:15,680 have like a, you know, they have, they still have 1007 00:47:15,760 --> 00:47:17,280 restaurants they can go to, right. 1008 00:47:17,280 --> 00:47:20,920 They still have you know, there's there's ways to live in 1009 00:47:20,920 --> 00:47:24,640 in that location and not get as affected. 1010 00:47:24,640 --> 00:47:28,320 So it's very, very interesting. We are getting to the top of the 1011 00:47:28,320 --> 00:47:30,840 hour mark and I do want to be respectful to your time. 1012 00:47:31,120 --> 00:47:34,720 I I do also want to give you the opportunity if you had a message 1013 00:47:34,720 --> 00:47:38,200 to the simply Bitcoin audience what is going to happen in the 1014 00:47:38,200 --> 00:47:40,280 next 5-10 years and we've been talking about it. 1015 00:47:40,480 --> 00:47:43,160 But you know what? What's on your mind? 1016 00:47:43,680 --> 00:47:46,280 Yeah, I would say, you know, I I mean I I kind of threw out some 1017 00:47:46,280 --> 00:47:47,800 of this already. So might be a little bit 1018 00:47:47,800 --> 00:47:50,640 redundant to say it again. But I would say one, everyone 1019 00:47:50,640 --> 00:47:52,520 has to kind of take care of themselves again, right. 1020 00:47:52,520 --> 00:47:55,320 We can't just hope and pray and and vote our way out of this. 1021 00:47:55,320 --> 00:47:56,640 I think that's pretty apparent right now. 1022 00:47:56,840 --> 00:47:58,120 So we have to build our way out of this. 1023 00:47:58,120 --> 00:48:00,360 So we each kind of have to build up our own lives and sort of 1024 00:48:00,360 --> 00:48:02,040 back to these examples of these enclaves. 1025 00:48:02,080 --> 00:48:06,000 Even in horrible situations, people are still able to rise up 1026 00:48:06,000 --> 00:48:07,080 and live the life that they want. 1027 00:48:07,080 --> 00:48:11,840 So even as the world gets worse, you and I as individuals can 1028 00:48:11,840 --> 00:48:13,760 still navigate this for our own benefit. 1029 00:48:14,480 --> 00:48:17,880 OK, So with this, with this phone, I can learn anything, 1030 00:48:17,880 --> 00:48:20,000 meet anybody, do anything. And so we can still be 1031 00:48:20,000 --> 00:48:21,800 responsible. So we're, we're not victims. 1032 00:48:21,800 --> 00:48:23,320 We can take responsibility for ourselves. 1033 00:48:23,320 --> 00:48:24,320 We can build our way out of this. 1034 00:48:24,320 --> 00:48:26,440 Now, once we've taken care of ourselves, like the airplane, 1035 00:48:26,440 --> 00:48:28,640 put the mask on yourself. Now how do we help other people? 1036 00:48:28,840 --> 00:48:31,440 Well, now how can we, as I said already build? 1037 00:48:31,800 --> 00:48:34,160 How can I build or help other people build, whether it be with 1038 00:48:34,160 --> 00:48:38,080 my money, I invest with them, I go work with them, I learn new 1039 00:48:38,080 --> 00:48:40,680 skills so I can build. So one take care of yourself, 1040 00:48:41,160 --> 00:48:43,920 then sort of help effect change. That's what I recommend. 1041 00:48:44,360 --> 00:48:47,040 The the kind of talk I gave at both those conferences was like, 1042 00:48:47,160 --> 00:48:49,480 you can't just go buy your Bitcoin and go sit on a hill and 1043 00:48:49,480 --> 00:48:50,840 hope in 10 years that you're rich. 1044 00:48:52,440 --> 00:48:54,680 But we need to build the ecosystem so that Bitcoin really 1045 00:48:54,680 --> 00:48:56,520 becomes its full, true potential. 1046 00:48:57,640 --> 00:49:00,040 And so I think, you know, one of the things I think about Bitcoin 1047 00:49:00,040 --> 00:49:02,000 is it changes this incentive mechanism. 1048 00:49:02,440 --> 00:49:06,280 And if we can store our value in a way that can't be debased and 1049 00:49:06,280 --> 00:49:10,320 stolen from us, it allows us to focus on putting more value back 1050 00:49:10,320 --> 00:49:12,280 into the world. And I think that's the real key. 1051 00:49:12,760 --> 00:49:14,320 Take care of ourselves, take care of others. 1052 00:49:14,320 --> 00:49:16,960 Put more value into the world and we can we can lift our way 1053 00:49:16,960 --> 00:49:19,120 out of this. Again I'm super bullish on when 1054 00:49:19,120 --> 00:49:21,240 millions of entrepreneurs are you know backs are against the 1055 00:49:21,240 --> 00:49:23,840 wall. We know that the whatever the 1056 00:49:24,000 --> 00:49:26,720 collectivism, socialism, communism, fascism, we know it 1057 00:49:26,720 --> 00:49:29,880 doesn't work as Nietzsche said that which is falling. 1058 00:49:29,880 --> 00:49:32,400 Xiao Yi also push. So let's just give him a little 1059 00:49:32,400 --> 00:49:34,240 push. Take care of ourselves and we're 1060 00:49:34,240 --> 00:49:35,040 going to be. OK. 1061 00:49:35,240 --> 00:49:39,320 I 100% agree with that and you know the optimism build through 1062 00:49:39,320 --> 00:49:42,080 it. Yes, if you work hard enough, if 1063 00:49:42,080 --> 00:49:47,080 you believe enough, I think I truly believe that the world is 1064 00:49:47,080 --> 00:49:51,240 kinda you will get somewhat what you wanted, but you really 1065 00:49:51,240 --> 00:49:53,240 really gotta fight for it and really believe in it. 1066 00:49:53,640 --> 00:49:57,760 So Mark, always an honor to have you on Simply Bitcoin IRL. 1067 00:49:57,760 --> 00:49:59,800 Really, really appreciate you joining us today. 1068 00:50:00,160 --> 00:50:01,640 Yeah, Nico, my pleasure. Thanks for having me. 1069 00:50:01,760 --> 00:50:03,520 Thanks, Mark. All right, guys. 1070 00:50:03,520 --> 00:50:04,680 I hope you enjoyed the show. You know what to do. 1071 00:50:04,680 --> 00:50:06,160 Smash that like button, Consider subscribing. 1072 00:50:06,160 --> 00:50:09,400 If you feel like we provided you value, consider checking out 1073 00:50:09,400 --> 00:50:11,000 Mark's content. It's incredible. 1074 00:50:11,000 --> 00:50:13,920 You can find it at the mark at at 1. 1075 00:50:13,920 --> 00:50:17,720 Mark Moss on YouTube and check out Market Disruptors, another 1076 00:50:17,720 --> 00:50:20,240 YouTube channel that Mark runs as well. 1077 00:50:20,480 --> 00:50:24,080 So guys, we'll see you back for the live show tomorrow at 12:15 1078 00:50:24,080 --> 00:50:26,280 PM Eastern Standard Time. Take it easy everybody. 1079 00:50:28,280 --> 00:50:31,440 Today's episode was brought to you by bitcoinwell.com, a 1080 00:50:31,440 --> 00:50:34,600 Bitcoin only platform on a mission to enable financial 1081 00:50:34,600 --> 00:50:35,400 independence.