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By the end of the year, 200,000. That's my target.

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In the beginning, oh, I would recommend maybe 1% exposure, and it became 2%, and now it's 5%, and now it's 10%.

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If, like I'm expecting, the printer is going to go on in September, oh boy, we're going to spill into 2026,

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and maybe if something happens to Coinbase, well, it's going to impact 9 out of the 11 ETFs.

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So that's a huge problem in one way.

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The other way is...

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What's up, guys?

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before we get started, I've realized that over 50,000 of you guys keep coming back for every

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single episode. And while I'm eternally grateful for you guys to keep coming back, I've realized

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that 79% of you guys are not subscribed. So I have one small ask before we get started. If you

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guys could hit that subscribe button and hit that like button to help send this interview and many

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more to the stratosphere, it would be greatly appreciated. All right, enough from me. Let's

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getting to the show. Bing bong. I am back with another edition of the State of Bitcoin podcast

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where I've got the man, the myth, the legend, Mauricio or Mr. M Crypto, host of the best podcast

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maybe in the game outside of this one, of course. But Mauricio, we have a freaking crazy time going

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on. The price is pumping and corporate adoption is rapidly coming. So with all of this, how are

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you feeling about this cycle and how high do you think we're going now well first of all thank you

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so much for having me it was great meeting you in vegas i got my hug so good energy thank you so much

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for inviting me on the show i'm super excited i'm pumping man we've gone over 120 so i'm actually

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happy as i told you off camera we are retesting you know the lower level because it was going up

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super fast so i don't mind a little bit of a test but yeah we go to the moon man this is crazy the

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best part is yet to come. A hundred percent. Now you've been in the game for a little bit,

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as have I, and I think like everybody tries to compare these cycles to different times,

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right? So, you know, I think your worry was similar to a lot of others that have been in

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it for a little bit where it's like, all right, we're starting to go up, but we're starting to

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go up quickly. And it's like, all right, hold up. I want to still stack some of my stats.

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Do you think that this is going to be one of those cycles that, you know, once we start going and

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and going up obviously we're retesting a little bit one at 120 as we're recording here on the 15th

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but you know this feels like a little bit different just because of how much money is coming in

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do you think that this is one where you know once we start going and the fomo money starts to come in

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it's it's going to be a wild cycle or do you think it's going to be you know maybe a little bit

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similar to others past where you know we still get the volatility on the way up it's a fantastic

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question here they say um history never repeats it rhymes so i feel like we are experiencing

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somewhat a 2017 mixed with other cycles because of course players are different now so the game

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has to be different i know that this time is different as a meme at this point i get it but

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you have counter institutions players are different in the game so of course i'm not expecting the

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same cycle but to be honest with you i'm expecting a more mellow cycles in either directions i don't

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I think we're going to see a omega candle from 100K to a million dollars in one week.

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But I think it's going to build up strong and steady as opposed to violent.

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I mean, there is going to be volatility, of course.

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But I think it's going to be more mellow, if you make sense.

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Yeah.

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Why do you think that it's going to be more mellow?

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Well, because I think retail sells and buy from impulsive, right?

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Like, for example, let's say whenever the price was lower, meaning many more people could quote unquote afford one Bitcoin, the game was different.

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You were buying and selling and it was easier for you to enter and leave.

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But now people that are buying, they're not selling when it doubles.

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Like, Bukele is not selling at 200,000.

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Seltar is not selling at 200,000.

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So those players are going to buy for the long term, which means whoever is selling is probably someone who was entered maybe 10 years ago.

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maybe someone who I've seen a bunch of whales moving old wallets, doing billions of dollars,

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investing maybe a thousand dollars a few years back.

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So it makes sense for them to offload some of those coins.

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But for those players, institutions and countries coming like Texas is buying millions of dollars,

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they're not going to sell when this thing is going to 200,000.

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So I have the feeling there is going to be a more kind of mellow, yeah, in both directions.

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So I'm not even expecting a 90% correction, by the way, in the bear market,

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Because I believe there's going to be a time where some people are going to offload, but it's not going to be as brutal as the one we've seen, me and you we've seen in the past, like 90%, right?

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It's going to be way more delicate in both directions, if it makes sense.

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Yeah.

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So if you think it's going to be delicate, you know, the word super cycle is always thrown around.

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Do you think that this is going to be somewhat of that?

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Or do you think it's going to be kind of, I guess, similar to what we've seen where,

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you know, we get like 10 or 15 days where it's just absolutely exploding.

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And then we turn around, we're like, oh, shit, how do we get here?

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We're at 250, 300, 400, 500 K.

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Yeah, that's a fantastic question.

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I mean, I guess it depends on how we define super cycle, right?

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So for me, a super cycle would be somewhat a continuation in next year.

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let's say if we go to 2026 and the price keeps going up 20 15 20 30 percent well then we broke

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the four-year cycles because technically the cycle should be over at the end of this year right

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october november depending on when you start accounting but if we go into 2026 and we see a

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20 30 appreciation and we have not corrected 40 50 60 down well technically we have broken the cycle

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right but that doesn't mean we have to go to a million dollar i mean we will eventually of course

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Like we will see you and me, we will see a million dollars in our lifetime for sure.

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But the question is when and how long is it going to take?

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And only depends on how much FOMO there is.

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Apparently, this week is going to be crazy for crypto because there is a bunch of news that we are all waiting for.

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First of all, the Feds are going to speak, CPI, CPI.

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Also, we have the resignation of Jerome Powell, maybe, in the cards.

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And apparently, someone said that on the 22nd of July, crypto is going to change.

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Sorry, I'm going to say the bad word.

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crypto is going to change forever because they have some announcement to do and banks are allowed

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to hold all these kind of coins so i'm expecting some craziness so i think there's going to be a

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wild moment coming in maybe a 30 40 and by the way when i said when i say mild i mean you know

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for a traditional finance person is like a vomit sensation because i'm still planning 30 40 percent

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right so those are numbers that in traditional finance you don't see or if you are a gold bug

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I mean, 5% in a year. It's a huge move, right? So still violent, but not as violent as the one

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that you and me experienced back in 2014 or 2017, for sure. Yeah. So with that, it seems like there's

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going to be some of these more violent swings. And I personally think that we're going to start

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to see it all the way through 26. Because if you look at some of these cycles, you see the all-time

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high is always farther away from the halving. This time we actually got the all-time high pre-halving,

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so it is a little bit different comparatively. So it's going to be a unique cycle. So obviously

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everybody says, like you said, it's a meme at this point that this cycle is different,

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but it already is strictly just because we hit the all-time high pre-halving.

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Now with these big players coming in, you mentioned something interesting with like

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sailors never selling and all of these corporations now that are coming online.

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And, you know, what do you make of traditional finance starting to come in and, you know, essentially put Bitcoin on the balance sheet as like this new wave that we're seeing here in 2024?

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Like how significant do you think that that is? And yeah, like, do you hold any weight on that?

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Or did you think that this was just something that, you know, is par for the course that was going to happen eventually?

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100%. I mean, some people are saying, oh, it's the Trump pump.

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Of course, Donald Trump, which is a crypto president, is going to impact the market short term.

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But I believe Bitcoin would have gone there eventually anyway.

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Right.

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We don't care about who wins the election in a long time frame, in a short time frame.

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Yeah, of course, people are going to trade the news.

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Right.

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But in the long time frame, I don't think it's a problem.

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And I think there is going to be so many companies entering the space because now there is no stigma.

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If you say I own Bitcoin, it's not like in 2017 or 2013 where people are like, oh, this is bad money.

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It's like bad players and corrupt individuals.

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Now it's OK.

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There is an ETF, which is the fastest in history.

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You have a president who's done a bunch of NFT collection, a bunch of MIM coins.

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So, you know, he opened the road over there.

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You have a bunch of countries.

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I mean, El Salvador, Bhutan, those things are on the news.

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So whenever you say, I want to do something, I want to use my cash, instead of watching

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destroying itself through inflation, I want to invest into some asset.

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Well, Bitcoin now has to be considered.

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And I don't even think we've seen the impact yet of all those things that we just named.

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Like for now, we had, I don't know, like a teenager coming out, you know, and say, hey, I'm 16 years old.

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I, you know, I'm volatile, but I'm cool.

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I'm decentralized.

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I'm divisible, transportable.

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I'm kind of gold, but better.

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But now institutions and countries are literally saying we have it on the balance sheet.

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And it's getting bigger and bigger.

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I also believe there is a lot of companies like Apple, Google, Microsoft, they might won't have it yet on their balance sheet, but they are going to acquire companies.

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They are doing something with it because that's how they operate.

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Think about Instagram.

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Think about LinkedIn.

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Think about Skype.

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They let them go.

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They let them test their own products.

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And then at some point, because they have a lot of cash, they just bought them up.

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So I'm expecting those big giants acquiring a lot of companies in the next, I don't know, five, 10 years to come.

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And at some point, they'll have to expose their cash to this asset.

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You know, it's becoming much, much, much harder to ignore Bitcoin at this point.

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Because like many people have said, we've gone to 100,000, we're going to a million.

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Like there is never seen, we've never seen in history of humankind an asset that's gone to 2 trillion, market cap, and then died.

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Right?

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So the gene is out.

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Everyone is seeing it.

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So it's up to you to, you know, if you missed $1, you missed $10, you missed $100, you missed $1,000.

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You can keep missing it all the way up.

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Or you can do something about it and buy some.

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Yeah.

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So, I mean, you mentioned the Fed a little bit earlier, right?

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We have like the CPI coming out here tomorrow as we're recording this.

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And then we have, you know, the potential of Jerome Powell, you know, resigning.

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And basically, that means that the next guy coming in is 100% going to cut interest rates.

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Now, a lot of Bitcoiners are used to hold a lot of weight, I would say, in the current macro situation.

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But this time, I think, is very interesting because we have a lot of geopolitical conflicts going around globally.

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and the general narrative from traditional finance is that the overall economy is doing all right.

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But I think from Bitcoiners' perspective, they see inflation still very high.

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They see a lot of issues.

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And I think they've opened Pandora's box of seeing that, hey, traditional fiat systems done.

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It's screwed.

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But now, you know, it is interesting where these worlds are colliding.

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So I'm curious how you view the overall macro situation and as it kind of pertains to Bitcoin.

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Do you think that, you know, are you holding any weight on the potential decision of Jerome Powell to quote unquote step down or, you know, the cutting of interest rates here in the future as like something that you're holding weight where, you know, you're trying to load up as much Bitcoin as you can right now because once that happens, all bets are off.

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100%.

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I mean, that's always the case.

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like stack stats always fed no fed cpli cpli it doesn't matter right that that's the rule stack

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stats as much yes but of course there's going to be a short-term impact right like the market reacts

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there is there is a lot of people they trade the news trade the events so we'll see a bunch of

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swings coming in and coming out but everything is becoming cheaper with bitcoin right we've seen it

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we experience it i've seen a meme the other day which was fun because it wasn't a meme but it was

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treated as of was a meme and it was showing how much money you would have if instead of buying

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every single iphone you would invest it in bitcoin nuts like we talk about millions of dollars just

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for your phone that you change every year so everything is becoming cheaper compared to bitcoin

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so of course no financial advice that's what i'm doing i'm stacking like crazy actually have next to

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no fiat under my name anyway but side note i think there is going to be there's going to be a huge

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moment when they're going to start printing money. China printed, I think it was yesterday. So I think

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the US is going to turn on the printer. Trump wants money to be printed. He wants that to be cheap.

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So I think we will see, we experience a lot of people with money saying, hey, they're about to

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print a chunk of supply. So I have to save myself in assets. So what do I have? Which assets I can

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I can get as fast as possible.

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And there's not many, right?

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So I think Bitcoin is going to,

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if like I'm expecting,

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the printer is going to go on in September.

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Oh boy, I think we will see that

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probably last run into this market

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if the cycles are going to be respected

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because it could be very much,

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like you said,

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we're going to spill into 2026

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and maybe break out of those four-year cycles.

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It's super possible.

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trusted, proven. Yeah. And I think it's interesting kind of the way that this is all,

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you know, I guess playing out, but you know, with this, like, how do you view just the overall

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economy in general do you think that we're you know globally very yeah i guess strong or do you

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think that you know we're kind of feeling the effects of the inflation from the money printing

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that we saw back four or five years ago 100 i mean i think the economy is super weak like if you just

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go to buy some groceries right like you you can you can see you can feel it for yourself how crazy

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expensive everything became okay it depends where do you live i get it but overall london new york

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like those big cities even Dubai for what it worth everything is becoming pretty expensive compared to a few years ago right And it takes time Like whenever they printed I think during the pandemic they printed 50 of the supply

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50% of the entire supply of dollars was printed during the pandemic.

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I think it was in six months.

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So it takes time for that to affect our lives, right?

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So I think now is that time where we can not just smell the fire, but actually feel the fire next to us.

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So hence probably why Bitcoin has gone into a rampage.

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I mean, gold has gone bananas, broke the all time high.

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I think it was six months ago, whenever, because of these reasons, like people, rich people

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have assets, right?

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That's the old thing.

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Like fiat money doesn't store value.

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I mean, it does compare to other fiat.

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If you compare the dollar to Turkish lira, the dollar is doing better, but still it's

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down 99% since the inception of the dollar itself.

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So they are not clearly made to store the value.

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So if you are someone who has a bunch of money on the bank, I mean, we know the rules, right?

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Not money, not in the bank, not yours, but whatever.

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You'll have to purchase assets.

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And I think Bitcoin is establishing itself really fast into the list of stuff you can purchase to protect yourself.

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Because, like I said, you don't have many options, man.

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I mean, where do you save yourself into?

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Okay, you have gold, you have real estate.

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I mean, gold is not in your hands.

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Okay, you have to trust a third party.

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Real estate is not easy to buy.

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You have to go through lawyers and really risky, right?

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Depending on the area.

237
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So Bikoni Superliquid is in your hand.

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You own it.

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I mean, it just wins over every ad.

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If you think about it, it's just a no-brainer.

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So the more people are going to understand and study and read and trust their financial advisor,

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which are going to start recommending it,

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I think we will actually see some serious price appreciation coming in.

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Yeah, and I agree with you on that.

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And it's interesting because I think River just put out a recent study that more Americans own Bitcoin and crypto than gold right now.

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And, you know, you're seeing a lot of traditional financial people kind of say, you know, that they're looking to get into more of gold as an inflation hedge opposed to getting into something like a gold or something else.

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So do you think, you know, that is that something that you're noticing as well, that you're seeing like more people kind of get, I guess, maybe crypto curious is the phrase here where they're starting to dip their toes in a little bit.

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Because, you know, I even had my dad buy Bitcoin a few years ago and, you know, he was a part of one of these exchange blow ups, unfortunately.

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But, you know, they didn't have too much in there, thank God.

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But now he came to me and he was like asking me when I was in Austin this past weekend, hey, I've got a little bit of Bitcoin.

251
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And then now he's he's dipping into the other cryptos, too.

252
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And I'm trying to tell him, hey, dude, just do just Bitcoin only.

253
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But it's interesting that now he's starting to get back into it.

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Is that something that you're noticing as well?

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100%. And by the way, I do believe that I actually tweeted this early this morning before going to the gym.

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Anyone who's purchasing anything rather than Bitcoin is a Bitcoin.

257
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they don't know just yet. They will become Bitcoin later on because that's the journey

258
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most people have to go through because greed kicks in, oh Bitcoin is not enough. 50% a year is not

259
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enough. Compounding 50% a year is not enough. Okay, good. Go and gamble on the casino. You'll be back

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100%. But yeah, sure. I mean, think about a 18 years old today or 20 years old today. That makes

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me feel super old, but whatever with my 50 years of age. But think about this. Everything is digital,

262
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right there is no concept of owning gold like gold is such an ancient thing like if you are

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peter shift like okay whatever maybe but the new generation coming up i was reading an article i

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think it was on bitcoin magazine that was saying uh back in back when i was 18 or 20 which was 30

265
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years ago having a ferrari was a flex having a lamborghini was a flex now you just show off maybe

266
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some bitcoin or some digital assets it is changing you have your phone always with you everything is

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digital around you it makes sense that you want to have something into a different format as

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supposed to a gold of brick or brick of gold sorry in your living room that you show to your friends

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i mean you hang it to your neck i mean yeah okay jewelry maybe watches that kind of stuff but

270
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it can be stolen you know you can lose it so it doesn't make sense for you to flex with these

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things so i'm expecting actually the new generation to come up and play with crypto hence entering

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they don't know yet but they will discover bitcoin later on because that's what majority of the

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people they have next to no knowledge on crypto they just go into whatever coin maybe a meme coin

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maybe some coin like xrp or whatever no comments over there and then they'll figure it out in a

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cycle or two that if they want to actually keep their money bitcoin is the answer so yes i'm

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expecting also many more to come so the more the new generation are coming out the more i think

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this is gonna expand super fast as supposed to gold is gonna go up always right because you will

278
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have i don't think it's gonna stop at 22 trillion gold is gonna continue to go but bitcoin is gonna

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catch up and the old crypto sector subsequently of course is gonna keep growing but that's that's

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for sure yeah and it's interesting because bitcoin has you know you're mentioning gold

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obviously gold has the largest market cap of any asset uh but you know bitcoin has passed amazon

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gone back a little bit you know so it's the fifth or sixth uh largest asset in and it's created 16

283
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years ago right uh by market cap right now obviously gold's been around for you know hundreds

284
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and hundreds of years. Do you think that we get to passing the gold market cap here fairly quickly?

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Because it seems like, although you're saying gold is, I guess, really starting to see an increase,

286
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I think that we're starting to see something unique that I think we're going to see in Bitcoin here

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later on, is that we're seeing a lot of central banks load up on gold right now, the physical

288
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asset. But we're also seeing the ETFs lose a lot of that because I think people are kind of

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flocking towards the initial, hey, I want the heart or I want gold. I want some sort of exposure.

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And then now they're flocking more towards the physical asset. Do you think that that's what

291
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we're going to kind of see here down the line is like, hey, we have a lot of people potentially

292
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going for these ETFs. Everybody's joking about the meme of the potential paper Bitcoin that

293
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that could have some serious implications. But I think we'll get there. Everybody will maybe want

294
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to, hey, you know what? I'll dip my toe and get a little bit of the ETFs. And then they'll realize,

295
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hey, you know what? This ETF is trash. I want the actual physical thing of Bitcoin. Do you see that

296
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as kind of a transition or do you just always, are you kind of along the lines thinking, hey,

297
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these ETFs are bad. They're not really teaching the true ways of Bitcoin. And maybe people won't

298
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really get to that point of actually holding in self-custody?

299
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That's a good question. I mean, first of all, the largest is the organization, the slower is

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changes in general, right? If you are the Chinese government who owns trillions of dollars in gold,

301
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I mean, in order for them to pivot into Bitcoin and sell all of it is going to take a long time,

302
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whether if you are a small, like if you are Bhutan, for example, you can owe El Salvador,

303
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you can be more agile, more fast. So the largest, the slowest. But also I'm thinking, now that we're

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discussing it, ETFs are actually, I'm not against, I think they're a great thing, right? Because they

305
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are going to allow certain individuals to own, I mean, sorry, own Bitcoin, they don't actually own

306
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it. They have an IOU in dollars, which is different, but it's a way for them to enter into the

307
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space right and ever since the etf was approved last year in january we've seen a huge price

308
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appreciation so we can't have the price pump without having the etf if you make sense it comes

309
00:24:01,891 --> 00:24:07,411
with it it's part of with it so i welcome it i think it's going to propagate it's going to help

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sending the message out and like you said it's going to convert a portion of those investors into

311
00:24:13,731 --> 00:24:16,691
into self-custody, which is the absolute way.

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If you ask me, self-custody all the way.

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Not your keys, not your supermodel, like we say.

314
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So you have to take control of your finances, self-sovereignty.

315
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But I also understand it's not for everybody.

316
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I have many friends in my network.

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They don't want to even hear about it.

318
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They just want to trust someone else.

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And this is why banks were in venture in the first place, right?

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Because people do not want to have responsibilities.

321
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They want to blame something or someone.

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So it becomes much easier to say, I want to be part of this network, but I don't want the responsibility in holding my own keys.

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Because when we say, oh, it's only a bunch of words in your head.

324
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Well, it's not.

325
00:24:54,271 --> 00:24:56,671
It's a little bit more complicated than that, right?

326
00:24:56,771 --> 00:24:58,851
And you know, because you've been in this space long enough.

327
00:24:59,351 --> 00:25:03,611
But you have to build a plan, think about redundancy, and what happens if I pass?

328
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Is my wife okay?

329
00:25:04,651 --> 00:25:05,131
My kids?

330
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It's a little bit more complicated.

331
00:25:06,811 --> 00:25:09,651
So you have to go into a journey.

332
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And if you would have told me when I started in 2013, oh, go in self-custody, I will probably freak out.

333
00:25:16,191 --> 00:25:20,391
So it's easier for someone who's done it for a long time to say, oh, it's easy.

334
00:25:20,471 --> 00:25:25,631
But for someone who's new, you know, we have to remember everyone has his own time to digest these technologies.

335
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So I'm actually very happy ATF have been approved in general and the numbers are there to see.

336
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So there is definitely interest.

337
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And for some organizations like pension funds, for example, they are actually, it's a good thing.

338
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Now, the bad thing is that the Bitcoin is not in the investor hands.

339
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There is a third party.

340
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Actually, it's an interesting, when you look into it,

341
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it's an interesting setup because think about strategy or Michael Saylor.

342
00:25:53,871 --> 00:25:54,851
They don't even have Bitcoin.

343
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Coinbase has their Bitcoins.

344
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So that's another level on another level.

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So BlackRock doesn't custody the ETFs themselves.

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They have a custodian.

347
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So it becomes like a paper castle.

348
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So if something happens to Coinbase, well, it's going to impact 9 out of the 11 ETFs.

349
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So that's a huge problem in one way.

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The other way is the BlackRock, even though they don't buy Bitcoin,

351
00:26:18,071 --> 00:26:20,131
but they do buy, but the majority comes from retail.

352
00:26:20,251 --> 00:26:22,511
I think 60% is still retail buys.

353
00:26:23,191 --> 00:26:26,551
BlackRock doesn't have to give them back their Bitcoin when they sell.

354
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They can just give them fiat, which means they can keep the asset

355
00:26:29,991 --> 00:26:32,071
and they give away the horrible stuff.

356
00:26:32,071 --> 00:26:37,331
They could even loan borrow against their stack and pay off in fiat.

357
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So that could be kind of problematic.

358
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But I think it's part of the adoption process.

359
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Excuse me, part of the adoption process.

360
00:26:47,451 --> 00:26:57,611
You can't have price appreciation if only a bunch of people like you and me have Trezor or whatever the device is in your drawers and you keep your own keys in your own hands.

361
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you have to have certain players involved right to propagate this and those players they certainly

362
00:27:03,931 --> 00:27:11,051
are not going to store their keys into a cold storage device like you and me do so it's part

363
00:27:11,051 --> 00:27:16,051
of the game i think if it makes sense this bull run i'm looking for ways to stack bitcoin in my

364
00:27:16,051 --> 00:27:22,131
sleep and mining has always caught my eye i've partnered with the guys over at simple mining to

365
00:27:22,131 --> 00:27:28,211
help you do just that. I don't recommend anything that I don't use personally. So I've got a machine

366
00:27:28,211 --> 00:27:33,891
up and running with them right this second. And they've even opened the facility up so anyone can

367
00:27:33,891 --> 00:27:40,571
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368
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369
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370
00:27:51,571 --> 00:28:02,991
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371
00:28:03,251 --> 00:28:05,791
All right, enough from me. Let's get back to the show.

372
00:28:06,611 --> 00:28:09,571
Yeah, no, 100%. I definitely think so.

373
00:28:09,691 --> 00:28:14,511
But what worries you more? Is it the potential of Coinbase, you know, kind of going belly up?

374
00:28:14,611 --> 00:28:16,691
Or is it more of BlackRock?

375
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because, I mean, BlackRock historically, right, has always been, I think, you know, pulling the

376
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strings in the background. You know, I mean, they're the largest asset manager in the world.

377
00:28:26,331 --> 00:28:31,091
And but then now we have Coinbase who potentially Brian Armstrong could be like the most powerful guy

378
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in crypto at this point, because he's been in with Trump. I know we've got David Bailey of

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00:28:36,131 --> 00:28:41,591
Nakamoto, who's, you know, been outstanding over at Bitcoin Magazine as well, like bringing in and

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00:28:41,591 --> 00:28:47,271
helping bring along the vice president this year in Vegas where we saw each other and then

381
00:28:47,271 --> 00:28:53,811
Donald Trump when he was running last year. So I mean, how do you feel about either potentially

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00:28:53,811 --> 00:28:58,911
Brian Armstrong or Larry Fink or both of them? Do you think that they're both a net positive or

383
00:28:58,911 --> 00:29:04,931
a net negative for Bitcoin here? Well, I mean, I think at this point it's too big to fail, right?

384
00:29:04,951 --> 00:29:10,351
If they wanted to break it per se, they would have broke it before. Now there is a huge market.

385
00:29:10,351 --> 00:29:15,391
i mean wall street hasn't even entered the party yet so i don't think there's any reason to worry

386
00:29:15,391 --> 00:29:21,551
per se and if you are indeed worried the best defense is self-custody i always say right so

387
00:29:21,551 --> 00:29:26,271
if you are someone who's worried about those things that we just listed the etfs and by the

388
00:29:26,271 --> 00:29:31,391
way blackrock is not an angel they are evil it's an evil corporation right so let's not forget who

389
00:29:31,391 --> 00:29:36,591
they are but then just go self-custody right just take action study you don't have to do it today

390
00:29:36,591 --> 00:29:42,431
you can do it you can plan it and say okay for the next few months i am you know planning to

391
00:29:42,431 --> 00:29:48,991
get custody of my own coins perfect that's the best way to defend yourself then after all we

392
00:29:48,991 --> 00:29:56,431
can't forbid people to use this network like jeff wood says bitcoin is my enemy's money i can't say

393
00:29:56,431 --> 00:30:01,311
you can't use it but i can otherwise it's not decentralized it's not open it's not permissionless

394
00:30:01,311 --> 00:30:06,831
like we have to accept the fact that this is an open network and anyone can participate right so

395
00:30:07,311 --> 00:30:14,031
who am i to forbid you to join oh no blackrock is evil they can't buy well then it's fiat money we

396
00:30:14,031 --> 00:30:21,471
already have it right so we have to let go of the control part and let the network do its thing and

397
00:30:21,471 --> 00:30:26,351
if blackrock is gonna break bitcoin which is not gonna happen i don't think well then bitcoin wasn't

398
00:30:26,351 --> 00:30:32,151
meant to be Bitcoin in the first place. Do you know what I mean? Yeah, 100%. So I mean, I agree

399
00:30:32,151 --> 00:30:37,031
with you. I think that, you know, BlackRock getting in is, it's kind of interesting, though,

400
00:30:37,051 --> 00:30:41,951
because it's almost like he's, you know, Uncle Larry here has given his blessing, so to speak,

401
00:30:42,031 --> 00:30:46,591
to Bitcoin. But, you know, I say that all tongue in cheek, because, you know, I agree with you,

402
00:30:46,591 --> 00:30:53,151
BlackRock is evil. But, you know, this gives it somewhat validity towards the traditional

403
00:30:53,151 --> 00:30:59,731
financial world. And I still think that TradFi isn't here yet. We're talking about the cycle

404
00:30:59,731 --> 00:31:05,791
with corporations and maybe governments potentially dipping their toe in, which I want to get into

405
00:31:05,791 --> 00:31:10,451
that with you a little bit later. But do you think that, I mean, because you said the retail,

406
00:31:10,451 --> 00:31:17,491
right, is still 60, 70% of that ETF buying. So do you think TradFi is even really here yet

407
00:31:17,491 --> 00:31:22,071
from your experience, you're circled? Are you realizing, hey, more of these

408
00:31:22,071 --> 00:31:38,221
financial advisors maybe are starting to say hey you know what you should buy Bitcoin you should kind of get into it all that kind of stuff do you think that that the way or no they haven even started i mean we seen probably like the beginning of the beginning of the beginning like a small amount

409
00:31:38,221 --> 00:31:44,141
of people kind of started to recommend what's fun is to watch blackrock saying in the beginning oh

410
00:31:44,141 --> 00:31:48,301
well we recommend maybe one percent exposure and it became two percent and now it's five percent and

411
00:31:48,301 --> 00:31:49,101
And now it's 10%.

412
00:31:49,101 --> 00:31:50,341
It's going up.

413
00:31:50,941 --> 00:31:54,161
So I think in the next, and by the way, Trump is going to help him.

414
00:31:54,241 --> 00:31:55,181
I don't like politics.

415
00:31:55,301 --> 00:31:57,301
I don't like, I don't care about who wins the election.

416
00:31:57,641 --> 00:32:00,161
But of course, there's going to be an impact in the short term, right?

417
00:32:00,161 --> 00:32:07,721
Like if there is a crypto president and there is a head of the SEC, which is bullish on self-custody, I mean, the market is going to react to this, right?

418
00:32:07,801 --> 00:32:10,301
I mean, we can't hide this.

419
00:32:10,761 --> 00:32:12,501
So I think we haven't even seen that yet.

420
00:32:12,641 --> 00:32:13,161
It's just Trump.

421
00:32:13,241 --> 00:32:15,861
Trump just barely won the election only a few months ago.

422
00:32:15,861 --> 00:32:19,741
So all those waves, they have to yet come, right?

423
00:32:19,821 --> 00:32:23,481
So we'll see a huge amount of banks are going to go in, offer products.

424
00:32:23,721 --> 00:32:25,141
It's going to be easier for everyone.

425
00:32:25,141 --> 00:32:28,621
Like in 2013, 2014, I was living in the UK.

426
00:32:29,181 --> 00:32:33,741
You know how many times my bank blocked my account because I was purchasing Bitcoin?

427
00:32:34,181 --> 00:32:36,481
Like we won't see those blocks anymore.

428
00:32:36,681 --> 00:32:40,081
We will see actually banks emailing and say, hey, do you want to buy Bitcoin?

429
00:32:40,301 --> 00:32:42,281
We can help because we can make a commission.

430
00:32:42,281 --> 00:32:44,801
so all those traditional finance players

431
00:32:44,801 --> 00:32:46,681
we haven't even seen them yet

432
00:32:46,681 --> 00:32:48,281
and when they are going to come in

433
00:32:48,281 --> 00:32:51,041
stable coins are going to flood the market

434
00:32:51,041 --> 00:32:52,821
of course because it's faster, it's cheaper

435
00:32:52,821 --> 00:32:55,201
it's going to unbank so many people

436
00:32:55,201 --> 00:32:56,641
like think about people

437
00:32:56,641 --> 00:32:58,721
they live in places where banks

438
00:32:58,721 --> 00:33:00,701
they don't even exist, they'll have an app

439
00:33:00,701 --> 00:33:02,981
they download the app, boom, USDT

440
00:33:02,981 --> 00:33:04,701
I think

441
00:33:04,701 --> 00:33:07,061
this is probably one of the reasons why I'm thinking

442
00:33:07,061 --> 00:33:08,761
that I'm never bullish enough

443
00:33:08,761 --> 00:33:10,241
even though I'm trying to be conservative

444
00:33:10,241 --> 00:33:15,281
but there's going to be a wave of traditional finance is going to lift the entire sector.

445
00:33:15,521 --> 00:33:20,361
And we haven't even seen it yet. So no, I don't think we've seen, maybe we've seen 2% of it,

446
00:33:20,461 --> 00:33:25,861
maybe not even. So it's early. It's really early. Yeah, let's get into that. I didn't know that

447
00:33:25,861 --> 00:33:30,761
you've gotten your bank account like blocked and everything like that from buying Bitcoin. So

448
00:33:30,761 --> 00:33:35,381
what was that experience like? I mean, you don't have to tell us how much Bitcoin, but

449
00:33:35,381 --> 00:33:39,801
were you buying like massive amounts? Was it something that, or was it small, like you were

450
00:33:39,801 --> 00:33:44,761
buying, you know, maybe like 0.01 Bitcoin at that time. And then it's like, hey, you know what,

451
00:33:44,821 --> 00:33:50,041
that was when Bitcoin was like, you know, $4,000 or whatever it was. So it was only like, you know,

452
00:33:50,061 --> 00:33:55,101
a couple hundred dollars here or there. But then they're blocking you from doing all that. Or was

453
00:33:55,101 --> 00:33:59,901
it, you know, I mean, I guess you don't have to get into the exact amount here of anything like

454
00:33:59,901 --> 00:34:05,521
that. But in your opinion, was it justified that they were blocking because you were seeing big

455
00:34:05,521 --> 00:34:11,241
money moves because, you know, right now, for example, right? Like if I were to wire you a

456
00:34:11,241 --> 00:34:15,541
massive amount of cash for, for no reason, my bank would question you, right? Because like you're

457
00:34:15,541 --> 00:34:20,961
saying, Hey, you know what? There's, there's not a lot of money, you know, or there's the banks

458
00:34:20,961 --> 00:34:26,741
don't necessarily have your money. But you know, with that, if you're making purchases or other

459
00:34:26,741 --> 00:34:31,761
things like that, it is, they're always kind of questioning, right? I mean, I had this conversation

460
00:34:31,761 --> 00:34:35,361
with Gary Cardone where he was like, Hey, if you go into your bank right now and you say, Hey, I

461
00:34:35,361 --> 00:34:40,861
want $100,000 in cash, you're going to be hard pressed to find a bank that actually has that.

462
00:34:41,521 --> 00:34:46,921
Now, at that time when you were buying this Bitcoin, I'm not trying to have you dox yourself

463
00:34:46,921 --> 00:34:54,241
how much you were buying, but was it essentially something that would have been, I guess, normal

464
00:34:54,241 --> 00:34:58,881
if you were doing it for something else? Or do you really think that it was just because of Bitcoin

465
00:34:58,881 --> 00:35:03,761
that they were like, hey, we're putting the handcuffs on you and we're not letting you go here?

466
00:35:03,761 --> 00:35:09,761
They were 100% because it was Bitcoin, because we are talking about, I mean, Bitcoin was trading around $200, $250.

467
00:35:10,241 --> 00:35:15,881
So a purchase of maybe $5,000, $10,000 was giving you quite a bit of Bitcoin back in the days, right?

468
00:35:15,881 --> 00:35:18,181
But they didn't care about how much Bitcoin would you get in.

469
00:35:18,281 --> 00:35:20,241
They didn't like the fact that you were purchasing it.

470
00:35:20,381 --> 00:35:24,761
So, and by the way, $100,000, dude, try to get $1,000 in cash.

471
00:35:25,021 --> 00:35:26,241
Like I got married in Greece.

472
00:35:26,341 --> 00:35:27,381
I was living in the UK.

473
00:35:27,721 --> 00:35:29,061
We went to Santorini to get married.

474
00:35:29,061 --> 00:35:32,741
and I went to the bank and I wanted to withdraw $10,000, right?

475
00:35:32,841 --> 00:35:35,261
Pounds, sorry, which is probably a little bit over 10,

476
00:35:35,341 --> 00:35:36,781
maybe $12,000 in dollars.

477
00:35:37,641 --> 00:35:40,521
The guy said, dude, first of all, this cannot be done.

478
00:35:40,621 --> 00:35:41,741
Like this is way too much more.

479
00:35:41,761 --> 00:35:42,641
I can give you 500.

480
00:35:42,861 --> 00:35:43,561
I was like, what do you mean 500?

481
00:35:43,821 --> 00:35:45,021
I need to pay the florist.

482
00:35:45,101 --> 00:35:48,961
I want local money to just pay, you know, the cake guy and the venue.

483
00:35:49,441 --> 00:35:54,401
No, so 100K, dude, you won't even get 5,000 out of the bank

484
00:35:54,401 --> 00:35:55,241
without questioning.

485
00:35:55,241 --> 00:35:59,221
You can even buy, like I always had motorcycles in my life.

486
00:35:59,441 --> 00:36:01,081
Sometimes you buy a decent bike.

487
00:36:01,181 --> 00:36:03,301
Maybe you need, I don't know, 10, 15, 20K.

488
00:36:03,641 --> 00:36:04,841
There's no way you can pay cash.

489
00:36:05,081 --> 00:36:06,361
In Italy now is illegal.

490
00:36:06,561 --> 00:36:09,421
Any purchase over a thousand euro is illegal.

491
00:36:09,741 --> 00:36:11,161
Like you have to use your card.

492
00:36:11,881 --> 00:36:15,361
So the bank is closing down on the amount of money,

493
00:36:15,621 --> 00:36:18,221
sorry, amount of fiat cash you can use.

494
00:36:18,461 --> 00:36:20,581
So back in the days, it wasn't even that much.

495
00:36:20,701 --> 00:36:22,741
I'm talking about maybe a couple of thousand here,

496
00:36:22,881 --> 00:36:23,701
3,000 there.

497
00:36:23,701 --> 00:36:27,701
it wasn't like 100k, 50,000. It was like

498
00:36:27,701 --> 00:36:30,241
decent amount, like a couple of thousand here, a couple of thousand there.

499
00:36:30,921 --> 00:36:34,081
But it doesn't matter. They didn't like the fact, lots of warnings.

500
00:36:34,861 --> 00:36:38,621
You're dealing with these so-and-so exchanges and it's forbidden

501
00:36:38,621 --> 00:36:42,681
and you can't. So they locked me out. They closed my account. Barclay, which is one of the

502
00:36:42,681 --> 00:36:46,641
banks, they don't let you, that you can't. It's forbidden. I don't know if

503
00:36:46,641 --> 00:36:50,421
they changed their rules, but back in 2017, you were not allowed.

504
00:36:50,421 --> 00:36:51,801
that you don't even have the option.

505
00:36:52,121 --> 00:36:53,721
You can't buy crypto.

506
00:36:54,021 --> 00:36:54,581
That's it.

507
00:36:55,001 --> 00:36:55,981
And Bitcoin, of course,

508
00:36:56,041 --> 00:36:57,141
because for me they are separate.

509
00:36:57,361 --> 00:36:58,541
But it's really bad.

510
00:36:58,861 --> 00:37:00,021
So now they are kind of,

511
00:37:00,361 --> 00:37:02,061
with Mika and a bunch of regulations

512
00:37:02,061 --> 00:37:02,821
that are coming out,

513
00:37:02,861 --> 00:37:03,341
they're saying, okay,

514
00:37:03,341 --> 00:37:05,761
maybe there is a lot of fintech options.

515
00:37:05,901 --> 00:37:06,441
You have banks.

516
00:37:06,541 --> 00:37:08,621
You don't even have to go to a desk.

517
00:37:08,701 --> 00:37:10,021
You can download an app, right,

518
00:37:10,061 --> 00:37:10,721
and deal with it.

519
00:37:10,821 --> 00:37:12,641
Some of them, they do sell Bitcoin and crypto.

520
00:37:13,461 --> 00:37:14,981
But I don't think it was the amount

521
00:37:14,981 --> 00:37:15,881
that was bothering them.

522
00:37:16,261 --> 00:37:17,721
It was the fact that I was dealing with

523
00:37:17,721 --> 00:37:19,821
the sector per se.

524
00:37:20,421 --> 00:37:26,161
Okay, so you've discovered Bitcoin and are on the path to financial self-sovereignty.

525
00:37:26,161 --> 00:37:29,361
But simply holding Bitcoin is not enough.

526
00:37:29,361 --> 00:37:34,341
You need to make sure that it's scored properly and you are in 100% control over all your

527
00:37:34,341 --> 00:37:35,341
assets.

528
00:37:35,341 --> 00:37:39,721
So sharing your keys with third parties and taking on that counterparty risk is not the

529
00:37:39,721 --> 00:37:40,721
answer.

530
00:37:40,721 --> 00:37:42,661
The answer is pure and simple.

531
00:37:42,661 --> 00:37:48,061
It's uncompromising self-custody and there's no better way to do it than the Bitcoin way.

532
00:37:48,061 --> 00:37:53,521
They've got over 25 years of cybersecurity experience and their team of experts can help

533
00:37:53,521 --> 00:38:00,101
you properly self custody your Bitcoin, secure your digital life, configure your privacy

534
00:38:00,101 --> 00:38:05,281
phones and even establish a plan B residency if you're looking to do so.

535
00:38:05,281 --> 00:38:09,401
So I'm going to help you guys out here and give you a free consultation.

536
00:38:09,401 --> 00:38:15,341
If you take the first step and visit the Bitcoin way.com backslash green candle and you can

537
00:38:15,341 --> 00:38:21,081
check out the boys at the Bitcoin way and see how they can help you become self sovereign.

538
00:38:21,641 --> 00:38:26,081
Yeah. And like the whole banking industry is still like, I mean, it's interesting because we had,

539
00:38:26,161 --> 00:38:30,361
you know, Trump's come out and basically say, hey, the banking industry has been

540
00:38:30,361 --> 00:38:35,081
just running rampant and, you know, being controlling and doing all these things

541
00:38:35,081 --> 00:38:41,921
for years. And, you know, to hear like a sitting president's son come on stage and say these things

542
00:38:41,921 --> 00:38:44,221
was pretty interesting just to kind of see it.

543
00:38:44,301 --> 00:38:46,581
And I mean, I was over in Europe for the past month

544
00:38:46,581 --> 00:38:49,261
and we had a kid come

545
00:38:49,261 --> 00:38:52,301
when we were filming a little vlog in Spain

546
00:38:52,301 --> 00:38:56,141
and he has one of the Discover student credit cards.

547
00:38:56,841 --> 00:38:58,421
And he didn't tell Discover,

548
00:38:58,641 --> 00:39:00,641
hey, we're going to Spain before.

549
00:39:01,201 --> 00:39:02,901
And then he told them like while he was there,

550
00:39:02,981 --> 00:39:04,121
hey, this is actually me.

551
00:39:04,361 --> 00:39:06,481
But his card was shut down literally the entire time.

552
00:39:06,661 --> 00:39:08,281
Like he could, if he didn't have us,

553
00:39:08,381 --> 00:39:09,441
he would have been screwed

554
00:39:09,441 --> 00:39:12,281
because he couldn't have gotten any access to his money.

555
00:39:12,861 --> 00:39:15,761
And it just kind of is another example here of like,

556
00:39:15,901 --> 00:39:18,961
your money in your bank really isn't your money.

557
00:39:19,381 --> 00:39:21,941
And the interesting thing is kind of what you're saying,

558
00:39:22,021 --> 00:39:24,241
like, hey, if I would have bought Bitcoin instead of an iPhone,

559
00:39:24,841 --> 00:39:28,301
you could probably find some place in some way.

560
00:39:28,301 --> 00:39:31,841
I mean, I found this giant Bitcoin spray-painted garage

561
00:39:31,841 --> 00:39:33,001
when I was in Barcelona.

562
00:39:34,181 --> 00:39:37,561
And you could probably find some place to have somebody

563
00:39:37,561 --> 00:39:44,061
accept some goods and services for Bitcoin. But I'm curious where you think. I mean, you're in

564
00:39:44,061 --> 00:39:50,141
Dubai, right? So the crypto tax laws are a little bit more friendly there as far as transaction

565
00:39:50,141 --> 00:39:56,241
stuff. Are you seeing adoption in that way kind of come around this cycle where people are

566
00:39:56,241 --> 00:40:02,361
transacting for goods? Or are you kind of on the more Mark Moss approach where you think this is

567
00:40:02,361 --> 00:40:08,641
kind of like a 50-year, you know, development of this where, you know, we're kind of in the second

568
00:40:08,641 --> 00:40:13,281
10 years where, you know, the first 10, it's retail, second 10, it's institutions, third 10,

569
00:40:13,341 --> 00:40:19,341
it's governments, then the fourth and fifth 10-year cycles or 10-year periods are more of the adoption

570
00:40:19,341 --> 00:40:25,181
kind of transaction cycles. Where do you think we are kind of as far as like the peer-to-peer exchange

571
00:40:25,181 --> 00:40:30,341
goes? I think it's going to take a little bit longer, but you can be creative. For example,

572
00:40:30,341 --> 00:40:32,461
I orange peel my dentist.

573
00:40:33,321 --> 00:40:36,281
So, you know, you can talk to them and say,

574
00:40:36,361 --> 00:40:36,941
hey, you know what?

575
00:40:36,981 --> 00:40:38,161
I can send you DRAM,

576
00:40:38,261 --> 00:40:40,041
which is the local currency here on the bank,

577
00:40:40,141 --> 00:40:42,661
or I can help you setting up a wallet

578
00:40:42,661 --> 00:40:43,841
and I can send you Bitcoin.

579
00:40:44,641 --> 00:40:47,081
So, you know, it still requires a lot of work,

580
00:40:47,141 --> 00:40:49,081
but I can tell you since I've been involved,

581
00:40:49,201 --> 00:40:50,841
so it's been, what, 13 years,

582
00:40:51,381 --> 00:40:53,801
things have changed massively, like massively.

583
00:40:54,261 --> 00:40:55,801
So there has been a progress,

584
00:40:55,941 --> 00:40:57,121
but we are not at the point

585
00:40:57,121 --> 00:41:00,161
where we're going to be able to send each other

586
00:41:00,161 --> 00:41:06,241
bitcoin over groceries and coffees and i think we are far away from that i don't think bitcoin is

587
00:41:06,241 --> 00:41:11,841
also i would i wouldn't i would argue also it's not the best system it takes up to seven minutes

588
00:41:11,841 --> 00:41:18,161
for a transaction to be settled so i wouldn't use a store of value there i mean the cost of

589
00:41:18,161 --> 00:41:22,961
the transaction could overcome the cost of the product that you're buying so i think we are far

590
00:41:22,961 --> 00:41:28,561
away from that day where you can go and acquire things but there are stuff like lightning network

591
00:41:28,561 --> 00:41:33,921
is super powerful. There is technology coming in. I think Tether is building on Bitcoin, a stablecoin.

592
00:41:33,921 --> 00:41:39,201
So there is a lot happening, but I think we need another maybe, I don't know, 10, 20 years before

593
00:41:39,201 --> 00:41:45,041
this is going to go to the next level per se. But hence why we have an opportunity to front run

594
00:41:45,041 --> 00:41:50,081
basically everybody. And people look at the price and go, ah, 100,000, man, it's too late.

595
00:41:50,081 --> 00:41:59,361
per man is early super early but the perception is since one bitcoin is over a hundred thousand

596
00:42:00,161 --> 00:42:06,481
most think you know i missed the train and i get it every single day when i i talk to people and

597
00:42:06,481 --> 00:42:12,481
they're like no man it's too late i i passed it i passed the opportunity right but again you know

598
00:42:12,481 --> 00:42:16,641
we will be here me and you when bitcoin is going to be over a million dollars saying well that's

599
00:42:16,641 --> 00:42:17,801
It's at the next right there.

600
00:42:18,561 --> 00:42:19,061
Just saying.

601
00:42:20,301 --> 00:42:23,901
Yeah, I mean, so what's your argument when you say that to people?

602
00:42:24,481 --> 00:42:32,101
Because what I'm starting to use is like, hey, there's 59 million millionaires globally right now, right?

603
00:42:32,101 --> 00:42:35,781
So that's super uncommon to be a millionaire.

604
00:42:36,281 --> 00:42:43,261
But just to own a million sats, 0.01 Bitcoin, there's like 13 million wallets that have that much.

605
00:42:43,341 --> 00:42:44,861
Obviously, it's public, right?

606
00:42:44,941 --> 00:42:46,361
So you can see all those things.

607
00:42:46,641 --> 00:42:51,021
So it's, you know, I, before I was using the argument when Bitcoin was like at under a hundred

608
00:42:51,021 --> 00:42:56,341
thousand. So it was like, Hey, for less than a thousand dollars, you can be in a group smaller

609
00:42:56,341 --> 00:43:01,261
than millionaires, but now it's, it's getting a little bit harder, right? It's like 1200 bucks

610
00:43:01,261 --> 00:43:07,441
now, maybe, but still like still pretty obtainable for the average person, maybe in the West.

611
00:43:07,941 --> 00:43:12,941
So, you know, that's the kind of way that the framing that I'm trying to use, like, what,

612
00:43:12,941 --> 00:43:16,921
What are you trying to use to tell people when they say that, hey, I'm too late?

613
00:43:18,161 --> 00:43:18,821
You know what?

614
00:43:18,841 --> 00:43:20,841
To be completely honest, I don't even try.

615
00:43:21,121 --> 00:43:22,981
I've been, I'm exhausted, man.

616
00:43:23,121 --> 00:43:26,301
I mean, I've been called names, ridiculous.

617
00:43:26,521 --> 00:43:28,801
I mean, it's been a long 13 years.

618
00:43:28,801 --> 00:43:34,821
And the same people, they call me an idiot or a scammer because I was, you know, I was enthusiastic.

619
00:43:35,201 --> 00:43:41,581
Whenever you discover something in the beginning and you start studying it, you know, and you see how beautiful it is, you want to share it with your friends, right?

620
00:43:41,581 --> 00:43:45,221
because you are passionate about it, not just Bitcoin, anything else.

621
00:43:45,301 --> 00:43:47,081
Like I was talking to you about the gym earlier.

622
00:43:47,421 --> 00:43:49,781
I'm loving it, so I'm enthusiastic about it.

623
00:43:50,241 --> 00:43:51,181
Same was for Bitcoin.

624
00:43:51,341 --> 00:43:53,141
Like when I understood what it was, I wanted to,

625
00:43:53,701 --> 00:43:55,661
I don't want to say help because it sounds crazy,

626
00:43:55,701 --> 00:43:58,281
but I wanted to share my experience with as many people as possible.

627
00:43:59,081 --> 00:44:01,501
And oh boy, that was a really bad idea.

628
00:44:01,961 --> 00:44:03,781
So now I'm like, when people are coming to me and saying,

629
00:44:03,781 --> 00:44:05,661
you know what, whatever.

630
00:44:05,981 --> 00:44:09,701
Like I don't even, I'm done trying to convince people.

631
00:44:09,701 --> 00:44:16,461
I don't care. I know it sounds horrible, but I've gone over it.

632
00:44:16,501 --> 00:44:20,321
Whether on the other hand, if someone is interested or genuinely interested

633
00:44:20,321 --> 00:44:23,941
and they ask me questions, yeah, of course we can go down to a path.

634
00:44:24,421 --> 00:44:28,541
But usually my go-to will be, think about the market cap of the asset itself.

635
00:44:28,681 --> 00:44:32,041
It's $2 trillion, a little bit over $2 trillion. It's nothing, right?

636
00:44:32,381 --> 00:44:38,421
So the growth of the market cap per se has so much space to go into.

637
00:44:38,421 --> 00:44:44,181
so that's I think about gold like you mentioned 22 trillion more or less so that's a 10x away from

638
00:44:44,181 --> 00:44:50,441
gold so that's the argument I usually take out right saying well you think about it from a

639
00:44:50,441 --> 00:44:55,681
quote-unquote wrong angle look at the market cap as opposed to the price because there is a huge

640
00:44:55,681 --> 00:45:03,561
amount of growth and think about who owns this asset right now you have very different type of

641
00:45:03,561 --> 00:45:09,081
players and individuals involved, which means it's going to allow this thing to be distributed.

642
00:45:09,081 --> 00:45:14,921
Right? Like one thing is if I say I own Bitcoin and nobody knows who I am, who cares? But if a

643
00:45:14,921 --> 00:45:20,681
counter comes up, if Trump pushes it, you know, if Michael Saylor shows up every day, how long do

644
00:45:20,681 --> 00:45:26,361
you think it's going to take for other companies to look at Saylor and go, damn, this guy is scooping

645
00:45:26,361 --> 00:45:32,841
up like there is no tomorrow. He's now basically getting credits to borrow more, to buy more Bitcoin.

646
00:45:33,561 --> 00:45:39,641
i mean at some point you are gonna have to say okay wait uh maybe we should think about maybe

647
00:45:39,641 --> 00:45:44,681
we should take two percent or one percent and that's it because then that's all we need man

648
00:45:44,681 --> 00:45:50,121
we don't need everyone to go like me all in we just need people to consider one percent five

649
00:45:51,401 --> 00:45:57,641
then we're going to experience the so-called supply shop because now whenever people are

650
00:45:57,641 --> 00:46:02,361
buying stuff on exchanges they still have reserve otcs are still healthy but it's going down so we

651
00:46:02,361 --> 00:46:04,821
We haven't even seen the supply shock yet.

652
00:46:04,921 --> 00:46:07,161
So at some point, we're going to have to face the fact

653
00:46:07,161 --> 00:46:09,421
that there is not enough Bitcoin for the demand.

654
00:46:09,621 --> 00:46:13,041
Like, Sailor alone is scooping up now weekly, apparently,

655
00:46:13,601 --> 00:46:14,681
and he's not buying one.

656
00:46:16,261 --> 00:46:18,021
So yes, there is someone who's selling.

657
00:46:19,061 --> 00:46:21,221
But I think I was reading on a tweet,

658
00:46:21,541 --> 00:46:22,881
someone tweeted the other day,

659
00:46:23,381 --> 00:46:26,081
for the past three months, every week,

660
00:46:26,081 --> 00:46:29,461
the amount of buy was 3.8 higher

661
00:46:29,461 --> 00:46:32,221
than the amount of actually Bitcoin available on the market.

662
00:46:32,361 --> 00:46:34,701
So at some point, those reserves are going to finish.

663
00:46:35,241 --> 00:46:39,841
This is where probably we're going to experience the Omega candle, right?

664
00:46:39,901 --> 00:46:42,181
Because then that's how price goes up.

665
00:46:42,481 --> 00:46:46,081
When, you know, if I want to buy it and nobody wants to sell it,

666
00:46:46,261 --> 00:46:49,941
well, the price is going up because, you know, otherwise there's no point.

667
00:46:50,461 --> 00:46:54,101
So I think we are about to experience, maybe we are a few months away from that,

668
00:46:54,101 --> 00:46:57,721
but at some point there is also that to put on the cake.

669
00:46:57,801 --> 00:47:01,141
That would be the cherry on the cake probably, the supply shock.

670
00:47:01,141 --> 00:47:04,021
Yeah. Do you think we're going to have that supply shock?

671
00:47:04,021 --> 00:47:18,172
Because I been screaming it for the rooftops here because I mean exactly what you saying right We getting sailor alone I looked at it the other day and he literally bought Bitcoin every single Monday except for two this entire year And

672
00:47:18,172 --> 00:47:22,172
we're already halfway through, right? We're recording this July 15. So he's literally

673
00:47:22,172 --> 00:47:28,212
announcing buys every single week for the entirety of this year. And like you said, right? I mean,

674
00:47:28,312 --> 00:47:33,872
it's just one company doing that, but there's multiple companies announcing monthly and all

675
00:47:33,872 --> 00:47:38,672
of these different things. And then on top of it, we have the ETFs and the amount of Bitcoin on OTC

676
00:47:38,672 --> 00:47:44,652
desks is going down significantly. I think that there's like, you know, maybe like 250K or something

677
00:47:44,652 --> 00:47:50,852
like that just still left on OTC desks. And then on top of it, there's just like 2 million Bitcoin

678
00:47:50,852 --> 00:47:55,492
left on exchanges at this point. So I think, you know, we're going to start to see that supply

679
00:47:55,492 --> 00:48:00,872
shock because those reserves are just draining out because, you know, the miners are going to be one

680
00:48:00,872 --> 00:48:05,652
seller, but they only have so much Bitcoin that they're mining every single week. So

681
00:48:05,652 --> 00:48:09,672
do you think we're going to see a supply shock this cycle if this catches up?

682
00:48:10,772 --> 00:48:15,352
100%. I mean, that's how we go into the banana zone, like Raul Powell calls it, right? Because

683
00:48:15,352 --> 00:48:19,352
I think it's the supply shock that comes in and it takes from the halving a few months. It's not

684
00:48:19,352 --> 00:48:24,872
immediate, right? The effect of the halving from our perspective, we don't even feel it on the day

685
00:48:24,872 --> 00:48:29,732
of the halving. We feel it a few months after, right? Because of course now on top of all of

686
00:48:29,732 --> 00:48:35,112
these, the number of Bitcoin is like chopped in half. So it's even more scarcer. And I don't know

687
00:48:35,112 --> 00:48:39,092
if you've seen that video, which is kind of a meme, I guess, which is this guy at the festival,

688
00:48:39,212 --> 00:48:42,912
he's dancing alone and people are laughing at the guy. And then another guy goes in and again,

689
00:48:42,912 --> 00:48:47,112
in the end, everyone is dancing, right? I think that's what's happening with Bitcoin. So Sailor

690
00:48:47,112 --> 00:48:51,792
is there dancing and having a good time. And there is all these companies like Nakamoto,

691
00:48:51,992 --> 00:48:55,952
Pompliano came out, Jack Mulder and said, Hey, you know what? We're going to also do that. And I

692
00:48:55,952 --> 00:48:59,772
I think Lin Alden raised $100 million with Jeff Booth,

693
00:48:59,872 --> 00:49:02,252
if I'm not mistaken, for another company.

694
00:49:02,692 --> 00:49:05,292
So there's going to be many more players coming in, right?

695
00:49:05,372 --> 00:49:06,252
Saying, hey, wait a second.

696
00:49:06,392 --> 00:49:07,992
Let's, you know, this is interesting.

697
00:49:08,172 --> 00:49:11,052
We can actually make money here, right?

698
00:49:11,072 --> 00:49:16,352
Because Bitcoin is becoming more adopted per se.

699
00:49:16,892 --> 00:49:21,192
So we will see that coming in into a point where, like you said,

700
00:49:21,572 --> 00:49:23,212
the market doesn't even have the supply.

701
00:49:23,212 --> 00:49:24,932
So this is going to become interesting.

702
00:49:24,932 --> 00:49:28,392
I mean, we have to keep in mind that there's going to be always someone selling.

703
00:49:28,712 --> 00:49:28,912
Yes.

704
00:49:29,112 --> 00:49:30,912
But the question is how many people are going to buy?

705
00:49:31,432 --> 00:49:34,812
And that's where I believe we will see the banana zone, right?

706
00:49:34,892 --> 00:49:38,892
Because imagine you're someone who bought at $1.

707
00:49:39,752 --> 00:49:42,652
I mean, you're not going to hold forever.

708
00:49:43,072 --> 00:49:44,052
Like, you're going to sell.

709
00:49:44,492 --> 00:49:47,732
Because I have Sina once a month with Plan C.

710
00:49:47,872 --> 00:49:50,172
We do a check on the data.

711
00:49:50,612 --> 00:49:52,252
And Sina said something super interesting.

712
00:49:52,252 --> 00:49:57,252
one he said he said once whoever is not selling because because they don't have enough and i agree

713
00:49:57,252 --> 00:50:03,272
like if you had a huge pot of bitcoin like 10 000 50 000 100 000 you would sell every now and then

714
00:50:03,272 --> 00:50:08,812
right without even thinking about it now who's not selling who's not have enough so i think those

715
00:50:08,812 --> 00:50:15,672
people they bought back in the days they are going to be offloading a bunch every now and then but

716
00:50:15,672 --> 00:50:21,272
the demand, the amount of people wanting to purchase them is going to surpass that.

717
00:50:21,632 --> 00:50:25,492
Now, having said that, though, there is also something to consider, which is the longer

718
00:50:25,492 --> 00:50:29,912
Bitcoin is going to run, the higher the price is going to be, which means, you know, it's

719
00:50:29,912 --> 00:50:31,852
going to become, quote, less affordable.

720
00:50:31,852 --> 00:50:36,612
Like now a seller is pulling out those crazy buy, but those number of Bitcoin is going to

721
00:50:36,612 --> 00:50:37,352
diminish, right?

722
00:50:37,472 --> 00:50:43,212
Like he buys 3,000, 4,000, but in 10 years, he will buy maybe 20 with the same amount

723
00:50:43,212 --> 00:50:43,952
of money, right?

724
00:50:43,952 --> 00:50:50,292
so there's also that to consider hence why i think the supply shock is going to come once every cycle

725
00:50:50,292 --> 00:50:56,672
if if the cycles are going to be still in play because maybe they will be extended they will get

726
00:50:56,672 --> 00:51:02,292
cancelled whatever it is so the supply shop will be only a moment in time maybe a couple of months

727
00:51:02,292 --> 00:51:07,272
maybe 30 days where there's a huge amount of demand and there is not enough coins on the market

728
00:51:07,272 --> 00:51:13,292
but then after it's gonna level again ready for the next cycle if you make sense why would you

729
00:51:13,292 --> 00:51:19,772
ever hold generational wealth on a piece of paper it doesn't make sense you need a foolproof solution

730
00:51:19,772 --> 00:51:25,452
and i've got it for you you could get this as low as 25 and if you use promo code green candle you

731
00:51:25,452 --> 00:51:32,412
can get 10 off being around for 12 years they've engineered the perfect and most easy to use

732
00:51:32,412 --> 00:51:38,252
solution i've partnered with crypto steel to offer for you guys just that it is the cheapest and most

733
00:51:38,252 --> 00:51:44,232
secure way to store your C phrase. I don't know about you guys, but I don't have too many things

734
00:51:44,232 --> 00:51:51,132
where I think one ton is going to fall on this, but it could survive all of that and more. So go

735
00:51:51,132 --> 00:51:58,212
to CryptoSteel.com. You can use promo code GreenCandle. You can get 10% off your entire order

736
00:51:58,212 --> 00:52:04,912
if you go there today. So go ahead and protect your generational wealth and do it with CryptoSteel.

737
00:52:04,912 --> 00:52:07,552
All right. Enough from me. Back to the show.

738
00:52:08,252 --> 00:52:10,952
And that's where we see the Omega candle, I think, man.

739
00:52:11,012 --> 00:52:12,972
That's where I think all bets are off.

740
00:52:13,232 --> 00:52:15,412
But Mauricio, who the hell is selling?

741
00:52:15,552 --> 00:52:19,192
Because I don't understand who's selling Bitcoin at this point.

742
00:52:19,712 --> 00:52:24,252
Do you believe the narrative that it's the whales that have gotten in all of this time

743
00:52:24,252 --> 00:52:30,952
and they maybe had the 100K as the mental barrier, so to speak, and that's who's selling?

744
00:52:31,212 --> 00:52:34,212
Or do you think it's a lot of these new players coming in?

745
00:52:34,492 --> 00:52:38,012
I mean, we saw massive amounts of shorts just get liquidated as well.

746
00:52:38,252 --> 00:52:41,312
Do you think it's traditional finance trying to play some games?

747
00:52:41,652 --> 00:52:46,312
Because I feel like at this point, you know, we should be seeing more price appreciation.

748
00:52:46,812 --> 00:52:50,392
And maybe that's, you know, maybe by the time this is edited, it comes out in a couple days.

749
00:52:50,392 --> 00:52:53,672
We're going to see it blow off the top, and I'm going to be looking really stupid here.

750
00:52:54,052 --> 00:52:58,492
But do you think that, you know, we're going to start to see some of that here really quickly?

751
00:52:58,492 --> 00:53:02,472
Because, I mean, granted, you know, we have gone from 110 to 120.

752
00:53:02,472 --> 00:53:07,152
We've seen maybe 100 to 120, so maybe a 20% increase here recently.

753
00:53:07,152 --> 00:53:10,672
but everybody's always waiting for those big giant jumps.

754
00:53:10,812 --> 00:53:12,452
I know we were talking about that earlier.

755
00:53:13,132 --> 00:53:14,792
Do you think that we're still,

756
00:53:14,872 --> 00:53:15,252
you know,

757
00:53:15,252 --> 00:53:16,912
kind of just getting started then here?

758
00:53:17,732 --> 00:53:18,132
100%.

759
00:53:18,132 --> 00:53:18,472
I mean,

760
00:53:18,552 --> 00:53:19,612
you have to consider,

761
00:53:19,692 --> 00:53:20,412
like you said so well,

762
00:53:20,492 --> 00:53:23,672
so a hundred thousand was a huge psychological barrier,

763
00:53:23,672 --> 00:53:23,952
right?

764
00:53:24,072 --> 00:53:26,212
Then the next one is one 20 because everyone will say,

765
00:53:26,332 --> 00:53:26,432
Oh,

766
00:53:26,492 --> 00:53:29,412
one 20 is going to be the top and 20% above a hundred thousand.

767
00:53:29,672 --> 00:53:30,072
Okay.

768
00:53:30,072 --> 00:53:31,872
We kind of briefly passed that.

769
00:53:31,972 --> 00:53:34,572
And now we are glad I'm glad we are retesting it because it's,

770
00:53:34,572 --> 00:53:35,092
it's healthy.

771
00:53:35,092 --> 00:53:37,312
I think 150 is going to be the next one.

772
00:53:37,892 --> 00:53:39,652
And then probably 200,000.

773
00:53:39,752 --> 00:53:42,972
But bear in mind that people are going to take profit before those targets, right?

774
00:53:43,032 --> 00:53:48,672
So if people are expecting 200,000, they're going to sell at maybe 180, 190.

775
00:53:48,992 --> 00:53:58,152
So I think it's healthy to see 100, a bit of resistance, 120, a bit of friction, 150, and potentially another push.

776
00:53:58,712 --> 00:54:03,512
Now, how high we go, it's just, I wish I had an answer.

777
00:54:03,512 --> 00:54:08,232
But we will definitely see, I mean, we haven't even seen the fun part of the market yet.

778
00:54:08,272 --> 00:54:15,492
Because then remember, at some point, people are going to go gambler mode and they're going to take their profits into Bitcoin.

779
00:54:15,592 --> 00:54:19,092
They're going to gamble into Ethereum, whatever those are coins.

780
00:54:19,232 --> 00:54:30,512
So we also, I believe we will see that because now Bitcoin season now, but we will have, I believe, a crypto season where whoever has made 10x maybe or 5x with Bitcoin,

781
00:54:30,512 --> 00:54:35,792
they're going to take a portion and gamble it with whatever the altcoin they're going to come up so

782
00:54:36,352 --> 00:54:42,112
i don't think we've seen the top yet this is just the beginning what is interesting is summer usually

783
00:54:42,112 --> 00:54:47,952
it's kind of boring people go on holiday and just they don't trade and but now we're seeing a spicy

784
00:54:47,952 --> 00:54:53,472
july so i don't know maybe we could power through a little bit more maybe go boring through august

785
00:54:53,472 --> 00:55:00,192
and then in september oh boy i'm expecting a powerful september october november potentially

786
00:55:00,192 --> 00:55:06,032
even December and then if history repeats January we're gonna enter the 12 months of darkness

787
00:55:06,032 --> 00:55:13,752
maybe but maybe not like I'm open to the idea that there is a possibility here which is you know the

788
00:55:13,752 --> 00:55:18,592
cycles maybe will be impacted because like we have been discussing different players different game

789
00:55:18,592 --> 00:55:25,232
right so I don't discount it entirely but for now the data is supporting the cycles still has been

790
00:55:25,232 --> 00:55:33,712
respected and i'm expecting a decent pump coming in so 120 i don't think is much compared to what

791
00:55:33,712 --> 00:55:38,592
i'm expecting coming in the next few months yeah i mean i agree with you i think uh you know i i

792
00:55:38,592 --> 00:55:43,552
definitely think that we can see you know things all bets are off here pretty soon and and it's

793
00:55:43,552 --> 00:55:49,792
generally like around q3 q4 so i mean you know you're nailing it on the head here i i'm surprised

794
00:55:49,792 --> 00:55:54,272
that we're seeing this here in july as well like normally you know i mean my birthday is here in

795
00:55:54,272 --> 00:56:00,372
like a in a week or so and i i usually feel like around this time i'm everybody's chilling you know

796
00:56:00,372 --> 00:56:04,992
traditional finance they got their their feet up on the beach they're lounging with their pina

797
00:56:04,992 --> 00:56:10,432
coladas well not so fast now but you know we still haven't even talked about the countries

798
00:56:10,432 --> 00:56:14,432
our governments potentially coming in you know we mentioned trump a little bit early on

799
00:56:14,432 --> 00:56:21,072
obviously we have the strategic reserve but they haven't bought bitcoin just yet they just kind of

800
00:56:21,072 --> 00:56:25,792
moved all over the seized bitcoin do you think that we're going to see governments start to get

801
00:56:25,792 --> 00:56:29,832
in here or do you think that governments are are already buying like what what's kind of your

802
00:56:29,832 --> 00:56:35,452
general sense with that i think i have a different an interesting angle i think states like look at

803
00:56:35,452 --> 00:56:41,192
texas like 10 million boom i think we will see that i don't think i don't think trump is gonna

804
00:56:41,192 --> 00:56:47,392
buy 1 million bitcoin in five years i i don't think it's gonna happen maybe i'm wrong i don't

805
00:56:47,392 --> 00:56:52,432
know i guess time will tell but i think we'll see something unexpected like a bunch of states coming

806
00:56:52,432 --> 00:56:59,012
in we'll see clearly other countries saying whoa we'll see probably the so so-called famous china

807
00:56:59,012 --> 00:57:05,412
unban which is going around forever but i think at this point you think about it and you say okay

808
00:57:05,412 --> 00:57:12,492
well what's happening around me okay trump is bullish on this he's leading the largest economy

809
00:57:12,492 --> 00:57:18,332
in the world so maybe it's worth thinking about a strategy right like you don't have to be bhutan

810
00:57:18,332 --> 00:57:25,612
and go all in or el salvador but maybe taking a portion and say let's just take this and see how

811
00:57:25,612 --> 00:57:32,972
it plays i think it's gonna be it's gonna be in many people minds to say the least so i think we

812
00:57:32,972 --> 00:57:38,892
will see also that but again like i said in the beginning the largest is the entity the slowest

813
00:57:38,892 --> 00:57:43,612
is the entity itself like if you have a small company with two or three employees you can pivot

814
00:57:43,612 --> 00:57:49,852
faster you can invest you can do but if the company has a million employees it takes longer

815
00:57:49,852 --> 00:57:54,892
so imagine a country is a lot of bureaucracy around and it's going to take a bit for them to

816
00:57:54,892 --> 00:58:00,092
go in and and say let's buy this but i think eventually they will have to bend the knees 100

817
00:58:00,092 --> 00:58:06,972
percent like bitcoin is becoming more and more and more visible and noticeable right so people have

818
00:58:06,972 --> 00:58:07,712
They have two choices.

819
00:58:07,892 --> 00:58:10,492
They either complain they missed it or they do something about it.

820
00:58:10,732 --> 00:58:12,492
You know, some people are going to complain forever.

821
00:58:12,612 --> 00:58:15,412
I have many friends I can name until tomorrow morning.

822
00:58:15,512 --> 00:58:18,372
They are going to message me every single time we do a 10X.

823
00:58:18,512 --> 00:58:19,132
I missed it.

824
00:58:19,332 --> 00:58:19,872
I missed it.

825
00:58:20,112 --> 00:58:20,632
I missed it.

826
00:58:20,992 --> 00:58:21,812
They missed the $100.

827
00:58:22,172 --> 00:58:23,212
They missed the $1,000.

828
00:58:23,632 --> 00:58:24,832
They missed the $10,000.

829
00:58:25,672 --> 00:58:28,812
The, you know, $100,000, the $1,000, $10,000.

830
00:58:29,612 --> 00:58:32,852
But also you have another type which goes, wait, I missed one.

831
00:58:32,992 --> 00:58:33,552
I missed 10.

832
00:58:33,652 --> 00:58:34,292
I missed 100.

833
00:58:34,432 --> 00:58:36,032
I'm not going to miss 1,000, right?

834
00:58:36,432 --> 00:58:38,652
So it's up to you to decide who you want to be.

835
00:58:39,512 --> 00:58:39,912
Yeah.

836
00:58:40,032 --> 00:58:45,192
And I think that, you know, this cycle is going to, I guess, really bring in a lot of people, in my opinion.

837
00:58:45,192 --> 00:58:50,932
I think like, you know, obviously with what happened last in the past four years, that brought in a bunch of people.

838
00:58:51,492 --> 00:59:00,452
But I think that, you know, this cycle with now the Trump traditional finance and everything, it's given Bitcoin, I guess, a little bit more validity, so to speak.

839
00:59:00,972 --> 00:59:04,792
Now, I think that this cycle, like everybody's saying, the meme, it's going to be different.

840
00:59:04,792 --> 00:59:08,252
But I think, you know, we're not even starting to buckle up yet.

841
00:59:08,252 --> 00:59:11,312
So I'm really excited for what's to come.

842
00:59:11,312 --> 00:59:19,192
But, you know, I do think that we've gotten a lot of, and I think like, you know, you might know something here with being in Dubai.

843
00:59:19,572 --> 00:59:22,132
And, you know, obviously we got Bitcoin Mina and everything like that.

844
00:59:22,672 --> 00:59:24,152
David Bailey's been hinting at it.

845
00:59:24,252 --> 00:59:31,292
The Middle East potentially buying Bitcoin and, you know, Abu Dhabi potentially putting it on the balance sheet in Dubai and doing all these things.

846
00:59:31,292 --> 00:59:36,432
Like with the amount of like the community that you have there, do you think that that's a possibility?

847
00:59:37,312 --> 00:59:41,832
100%. I mean, there's been already a buy from the UAE and I think they will continue.

848
00:59:42,192 --> 00:59:46,032
Of course, they want to build on digital DRAM, which is the local currency.

849
00:59:46,512 --> 00:59:49,092
So I think they will 100% start.

850
00:59:49,592 --> 00:59:53,752
Now, how aggressive? That's something I don't know.

851
00:59:53,852 --> 00:59:58,232
Like how long is it going to take for them to go in like balls to the walls per se?

852
00:59:58,372 --> 00:59:59,752
I don't know, but they will continue.

853
00:59:59,752 --> 01:00:01,532
and maybe they have done, right?

854
01:00:01,572 --> 01:00:03,452
Like the pump we've seen started,

855
01:00:03,572 --> 01:00:06,652
it didn't start on a Saturday night or a Sunday morning.

856
01:00:06,832 --> 01:00:08,132
So that was really unusual

857
01:00:08,132 --> 01:00:11,012
because the markets are usually Monday to Friday.

858
01:00:11,252 --> 01:00:13,872
So we will see these weird things,

859
01:00:14,132 --> 01:00:15,852
weird pumps coming in and God knows,

860
01:00:15,972 --> 01:00:18,052
maybe it was a tiny supply shock.

861
01:00:18,112 --> 01:00:20,692
Maybe it was the beginning of the iceberg of the shock, right?

862
01:00:21,212 --> 01:00:23,632
So I think we have to, like you said,

863
01:00:23,632 --> 01:00:26,052
embrace for impact, you know, fasten your seatbelt.

864
01:00:26,452 --> 01:00:28,412
I think the next few months are going to be incredible.

865
01:00:28,412 --> 01:00:36,652
but so far like I said I am expecting the market until it's been proven I've been proven otherwise

866
01:00:36,652 --> 01:00:42,252
wrong I'm expecting the cycle to finish at some point maybe at the end of the year maybe Q1 next

867
01:00:42,252 --> 01:00:47,832
year but there is also the argument which I don't discount entirely since the all-time high was

868
01:00:47,832 --> 01:00:53,312
prior to halving maybe the cycle is going to finish earlier I don't know it's difficult to say

869
01:00:53,312 --> 01:00:59,112
but one thing that I'm gambling everything I have because like I said you know I'm all in

870
01:00:59,112 --> 01:01:06,172
physically I think corrections are going to be way milder so we will not see a 80 percent not even a

871
01:01:06,172 --> 01:01:12,132
70 percent to be honest like maybe a 50 60 percent will be the largest correction which is still

872
01:01:12,132 --> 01:01:20,292
significant right if we if we pump up to 300 000 they will take us to what 120 130 still significant

873
01:01:20,292 --> 01:01:26,932
correction but you know it's not going to be 90 there is also the psychological number which is

874
01:01:26,932 --> 01:01:34,372
the etf entry which is still low because it's 47 50 but my spider senses are tingling they're saying

875
01:01:35,412 --> 01:01:39,572
they won't let it go any lower so that would be my uber bearish case scenario right

876
01:01:40,372 --> 01:01:47,332
but there is a possibility we are going to retest maybe the lower uh kind of 50s if we don't go up

877
01:01:47,332 --> 01:01:53,492
as much because if we pump to i don't know 250 300 000 well then okay there's no chance we're going

878
01:01:53,492 --> 01:02:00,612
to 40 000 or 50 000 but if we stop a little bit earlier 130 140 which is still a possibility i

879
01:02:00,612 --> 01:02:09,092
mean until data is proven uh otherwise maybe maybe a 60k uh it could be on the card but that's that's

880
01:02:09,092 --> 01:02:14,372
as far as i think is gonna go on the bad side right but i'm still expecting by the end of the

881
01:02:14,372 --> 01:02:20,392
the year of 200,000. That's my target, more or less. It might be 180, it might be 220, but I think we

882
01:02:20,392 --> 01:02:25,452
will see 200,000 this cycle. I'm fairly confident, but like I said, I don't have a crystal ball. I'm

883
01:02:25,452 --> 01:02:31,232
just throwing numbers in the air because nobody knows, but that will be, I think, a healthy cycle.

884
01:02:31,892 --> 01:02:36,652
And there is also, like you said, the option to break out, right, and just go to, I don't know,

885
01:02:36,712 --> 01:02:42,372
half a million to uncharted territory, and maybe we will never see a huge correction. Maybe the

886
01:02:42,372 --> 01:02:47,372
the market is going to correct 20% here, 20% there, 5% here, 5% there.

887
01:02:47,372 --> 01:02:49,372
It's very much likely.

888
01:02:49,372 --> 01:02:52,372
So if there is one cycle that we have to look out for,

889
01:02:52,372 --> 01:02:56,492
it's actually this cycle because we have different players, like you said.

890
01:02:56,522 --> 01:02:58,342
Like we cannot discount.

891
01:02:58,522 --> 01:02:59,302
I know there is a meme.

892
01:02:59,402 --> 01:03:02,562
This cycle is different, but then we have different people now.

893
01:03:02,942 --> 01:03:08,142
So if there is one cycle, which we should be aware of has to be this one, right?

894
01:03:08,842 --> 01:03:09,962
Yeah, a hundred percent.

895
01:03:10,102 --> 01:03:14,542
And I think that's a, you know, that, that just makes me so uber bullish here going forward.

896
01:03:14,542 --> 01:03:18,122
But Mr. M Maricio, you've been so generous with your time.

897
01:03:18,242 --> 01:03:22,422
So I really appreciate you coming on the show and it was great seeing you in Vegas.

898
01:03:22,422 --> 01:03:26,142
Why don't you tell people where they can find out more about you, more about your show.

899
01:03:26,142 --> 01:03:29,022
and maybe run into you at one of these great conferences.

900
01:03:29,862 --> 01:03:30,602
Yeah, thank you again.

901
01:03:30,702 --> 01:03:31,342
Thank you so much, man.

902
01:03:31,402 --> 01:03:34,022
Anytime you want me to come on the show, I will come here.

903
01:03:34,182 --> 01:03:36,102
You know, we had a fantastic chat also on my channel,

904
01:03:36,362 --> 01:03:38,982
which is at Mr. M, so at Mr. M, all my social media.

905
01:03:39,202 --> 01:03:41,542
So Twitter, YouTube, Instagram, you name it.

906
01:03:41,562 --> 01:03:42,302
It's the same handle.

907
01:03:42,802 --> 01:03:44,242
So I do have a podcast over there.

908
01:03:44,282 --> 01:03:44,702
I upload.

909
01:03:45,422 --> 01:03:48,422
I try three times a week, but it depends.

910
01:03:48,662 --> 01:03:50,262
There are weeks I do four, weeks I do two.

911
01:03:50,362 --> 01:03:51,642
I don't do less than two anyway.

912
01:03:52,122 --> 01:03:53,642
I have a similar channel to yours.

913
01:03:53,642 --> 01:03:55,562
Like I speak to interesting people such as yourself.

914
01:03:55,562 --> 01:03:56,662
So thank you for having me on.

915
01:03:57,222 --> 01:04:00,142
And yeah, I'll probably be, I am thinking to go to Hong Kong.

916
01:04:00,182 --> 01:04:01,322
Are you coming to Hong Kong?

917
01:04:01,882 --> 01:04:02,542
Bitcoin Hong Kong?

918
01:04:03,002 --> 01:04:07,122
No, I won't be at Hong Kong, but I might be at Amsterdam.

919
01:04:07,362 --> 01:04:08,742
That's a little teaser here.

920
01:04:08,802 --> 01:04:10,482
I'll figure that out here pretty soon.

921
01:04:10,622 --> 01:04:24,143
Hopefully Craig if you watching this dude get me on stage up there But yeah hopefully in Amsterdam Nice We should definitely have something like last year we done It was myself Isa and Robin Sayer

922
01:04:24,243 --> 01:04:26,763
We did a Bitcoin panel, which was really cool in Abu Dhabi.

923
01:04:26,863 --> 01:04:31,763
So I'll be definitely going in Abu Dhabi, most likely Amsterdam, and probably Hong Kong.

924
01:04:31,923 --> 01:04:35,083
So I tend to go to the Bitcoin conferences only.

925
01:04:35,483 --> 01:04:36,163
I miss Prague.

926
01:04:36,503 --> 01:04:38,823
Man, I just came back from Vegas.

927
01:04:38,823 --> 01:04:40,563
It was a 20-hour journey, man.

928
01:04:40,603 --> 01:04:42,923
It was something else.

929
01:04:42,923 --> 01:04:47,663
So I was broken in half and I couldn't do another, I think it's nine hours from here to Prague.

930
01:04:47,763 --> 01:04:53,563
So I decided to stay, but I definitely am going to do Hong Kong, Amsterdam and Abu Dhabi.

931
01:04:53,943 --> 01:04:55,803
So I'll definitely, hopefully see you there.

932
01:04:56,323 --> 01:04:58,243
Yeah, I definitely want to check out Abu Dhabi.

933
01:04:58,303 --> 01:04:58,943
I've never been.

934
01:04:58,943 --> 01:05:01,883
So, I mean, I want to go and experience all that.

935
01:05:02,063 --> 01:05:03,883
So maybe we'll run into each other there.

936
01:05:04,243 --> 01:05:04,843
No guarantees.

937
01:05:04,963 --> 01:05:05,603
I'm up in the air.

938
01:05:05,643 --> 01:05:07,023
I'm a wild man, Maurizio.

939
01:05:07,443 --> 01:05:11,003
So hopefully I'll be at all those places.

940
01:05:11,363 --> 01:05:12,563
But yeah, great channel.

941
01:05:12,563 --> 01:05:13,783
Couldn't recommend it more.

942
01:05:14,003 --> 01:05:15,243
Keep doing what you're doing, man.

943
01:05:15,663 --> 01:05:17,483
And yeah, thanks so much for coming on.

944
01:05:18,203 --> 01:05:18,443
Thank you.

945
01:05:18,483 --> 01:05:19,083
Really appreciate it.

946
01:05:19,103 --> 01:05:19,783
Likewise, by the way.

947
01:05:19,843 --> 01:05:20,323
Always a pleasure.

948
01:05:20,923 --> 01:05:25,363
Thank you guys all for tuning in to another great episode of the State of Bitcoin podcast.

949
01:05:25,783 --> 01:05:29,723
If you found some value in this one, please hit that subscribe button and that like button

950
01:05:29,723 --> 01:05:31,143
to help send this one to the masses.

951
01:05:31,343 --> 01:05:32,643
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952
01:05:32,763 --> 01:05:36,003
I've got two more episodes that you have the chance to watch here.

953
01:05:36,123 --> 01:05:39,003
So go ahead and click one of them and I'll see you guys all at the next one.