22 Burst results for "Michael Sailors"

"michael sailors" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

02:56 min | 6 d ago

"michael sailors" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

"Is digital gold. It's a hundred times better than gold, saylor said, during the money festival, hosted by MarketWatch on Wednesday and during the festival's best news idea segment, sailor didn't hold back when he predicted the crypto's price tag may reach $500,000 within the next decade, quitting to get a chat here, the half life of money and crypto is forever. You can move it on billions of computers at the speed of light. So Bitcoin goes to the value of the yellow metal. It's going to $500,000 per coin, and I think that happens this decade, saylor pointed out. Let me know if you agree or disagree with the Giga Chad, and according to MarketWatch, saylor has around 17,732 bitcoins that he purchased for around 9500. Meanwhile, Michael strategies stock price has fallen almost 65% this year, just like Bitcoin. So there you have it. Let me know if you agree or disagree with Michael saylor's $500,000 Bitcoin price prediction. Now for a quick recap, put a cover with you here in today's show. Bitcoin risk the worst weekly close since 2020 as the Bitcoin price dices with $19,000, as well as Bloomberg analyst Mike mcglone, says Bitcoin's relationship to commodities could hint at a price recovery and I explain why, as well as script those strategists predict big bounces, prevent coin and Solana and shares his targets as well as rich dad says the end of fake money is here and I shared three lessons to help investors amid market crashes as well as Michael sailors as Bitcoin as a hundred times better than gold and predicts a $500,000 Bitcoin price, 40 feel the Bitcoin price is likely to go next. Let me know in the comments, write down below. Now for the top three comments from yesterday's episode, damn ripple wrote. Love the videos JV. I watched daily. However, the second time you announced the happening coming early, it's not true. The difficulty adjustment prevents this, it prevents increased hashrate for speeding up block times as possible that a forecast could show an earlier date based on a few blocks being completed quickly, but this is smoothed out by an increase in difficulty, which slows down the blocks and brings the average to about one block every ten minutes to have an egg should take place in May 2024 as expected. Well, thanks for the clarification Dan. I'm just sharing the news as it's presented with me one love. Now for our next featured comment coming from peza net coin versus Bitcoin, the correct choice was made, obviously, right? However, it's only a name or essentially a noise coming out of someone's face, so there you have it. And our third and final featured comment comes from Chris minka, eth peak price back in 2017 was .15 BTC at 19,000.15 BTC is for at 2900. If your goal is to make more Fiat, then you're missing the point of Bitcoin, the U.S. dollar isn't the unit of measurement in crypto, Bitcoin is, why would you measure a wealth in a collapsing worthless Fiat currency, you make a great point, Chris, thanks for sharing, and to be featured on tomorrow's episode, drop a comment right down below. If you're not already subscribed to the channel, you know what to do, hit that bell icon, turn on all notifications. Will Smith, that like button, drop a comment below, and I look forward to seeing you on tomorrow's episode, pace.

Bitcoin saylor MarketWatch Michael strategies Michael saylor Mike mcglone Michael sailors Solana Bloomberg Chris minka Dan Fiat U.S. Chris Smith
"michael sailors" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

03:07 min | Last week

"michael sailors" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

"I remain confident that the structural reduction in the supply of eth will definitely lead to an outperformance against Bitcoin, but if the fed and treasury continue with their USD liquidity, reduction plans, I have little confidence in its ability to get the 5 duck and digits by year's end, so there you have it. Let me know if you agree or disagree with crypto Hayes and before I break down next the other day, Bitcoin unlikely to massively break out in 2022, says crypto asset manager, coin shares, as well as I share Michael sailors, huge $10 trillion crypto price prediction, as well as plan B's $120 million price prediction, but then the next three years, but first I want to remind you to smash that show more button, right below this video, in the description for detailed analysis, what's going on in the crypto market, and if you're not already subscribed to the channel, you know what to do, hit that bell icon, turn on all notifications. Will Smith that like button and drop a comment below and as it helps out tremendously with the YouTube algorithm. All right, now let's break down our next way of the day, digital asset manager, coin shares, says Bitcoin is not likely to see a big impulse to the upside for at least the remainder of this year, that's right, and a new biweekly report coin share says that the U.S. dollar currency index, which pits the U.S.

crypto Hayes Michael sailors Bitcoin treasury fed Smith YouTube U.S.
"michael sailors" Discussed on What Bitcoin Did

What Bitcoin Did

05:37 min | 6 months ago

"michael sailors" Discussed on What Bitcoin Did

"Because there's supply on neck changes super low. If demand increases, it will be great for price. But we know that a lot of miners are keeping their Bitcoin. People like say they aren't planning on selling. How do people, how is there enough Bitcoin to go around? I mean, we can keep dividing it down. So Melissa toshi's and beyond. I guarantee we'll have to because I think one sat will actually be something that we want to divide into smaller units of value in the future. But as more like Michael sailors come in, more companies hold Bitcoin, they don't plan on selling. Obviously that's great for the price of Bitcoin. But does it actually slow the transition type organization? Are you asking whether there's just a supply? It's not about supply. Yeah, basically. And I get that you can keep dividing it down, but like when does it get to the point where people are holding Bitcoin for so long that there's not enough to distribute to other people. I think there will always be but sellers. If there was a sudden massive increase in selling to in this world, like you selling to go to services. Well, just say next year, Bitcoin suddenly went to as part of this went up to a $1 million. And other people want to come in there and people are going to go home. Let me see, I've got like a hundred of these. I'm going to sell like 5 and buy myself a fucking mansion. For sure. So I think that there is people tell me if you disagree. But I think there are people who go, I can upgrade my life here. I'm already worth a 100 million or 50 million. I can suddenly get that dream house because that's one of the things. It's like, I always say that the two scarce assets I care about are Bitcoin in time. I'm 43. People have heart attacks at 45 all the time, or 50 or 55, 60, right?.

Melissa toshi Michael sailors Bitcoin heart attacks
"michael sailors" Discussed on What Bitcoin Did

What Bitcoin Did

05:55 min | 9 months ago

"michael sailors" Discussed on What Bitcoin Did

"5 football club. Yeah, okay. So like, well, like there's a discussion. It's like, well, you want to talk about that. Okay, cool. No, no, not yet. I was like, the fact that you become a baller and you bought a football club, like what makes us different from any other rich bastard bits like in LA. You know, every rich bastard like his lovely virgin, everyone's just doing, you know, the same thing, which is like putting a dean in the world how they see fit, how they see fit. They think this is my worldview. I want to make that happen. What makes us any different? And what makes us better? What makes us create a better future for other people over the current system, the other rich bastards that have changing things for beautiful themselves or whatnot. What makes it different? I don't know. What makes it different? Because we do things in a slightly more rebel, hopefully, slightly more don't give a fuck way. So, for example, we have fuck you money. So I've got a fuck you football club. Which is going to do things our way. We're going to leave that kind of imprint on the world. The kind of boring part is like the Bitcoin standard kind of things is that we're going to operate businesses on with a different financial model, which is which is can end up becoming infectious. So, for example, I think the Michael sailor thing is going to become infectious to other companies soon. Not now. It hasn't worked, but I think once he gets his solid 5 X on his billions, others are going to be like, huh. And I also think El Salvador, when El Salvador gets there 5 X or they close their bond, other countries are going to be living going, huh. And looking up to that. And I think very similar. Like if it can take a football club and make it successful based on a bit on standard, other football clubs might be going, huh. So we have a chance to whilst Bitcoin is mainstream. I think it's awareness is mainstream. It's usage ism. But I think it's awareness is entirely means. You don't meet people now haven't heard of Bitcoin. Everyone's heard of it. The chasm people understanding it and wanting to use it themselves kind of taking that flipping that switch and going, okay, I'm going to go on a low time preference. That's and that's going to come from stories of people who've done it. The Michael sailors, the bouquets, people are going to see that and that's when it's exciting when it really starts to take over. Yeah, I think you're right with that. I mean, everyone I've seen that has well not next. These two types of people, the types that get range build and go down the road and then they come out as Austrian economics. Educated. People that try to educate others. And then these others that just hold it because it's an investment. I have a lot of family that does that. And then I really care. They haven't changed their minds anything. And so I think a lot of it might be different, you know, like maybe only 95% of the people figure it out. And there is 95%. So, okay, we're on a Bitcoin standard. There's just like a new kind of money in a change to this..

football Michael sailor El Salvador LA Michael sailors Bitcoin
"michael sailors" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:33 min | 11 months ago

"michael sailors" Discussed on The Peter Schiff Show Podcast

"What michael sailor said was his prediction. Is that gold is going to zero. And he said that anybody who is buying. Bitcoin and gold is a fool because they shouldn't be buying any goal that all that there's no point in even having a small allocation a gold that gold is totally worthless and bitcoin is made it obsolete and that gold is going to zero. It seems that. Michael sailor is confusing goal for bitcoin. It's bitcoin that's going to go to zero not gold. I mean why would go to zero. Even if bitcoin succeeds wide is gold half to fail. I mean certainly. Gold has been a valuable precious metal for thousands of years. Goal was very valuable before it became money even if it was demonetized by bitcoin. Why should it be worthless like people are going to walk around and that they look down and there's a bar gold on the street they're just gonna keep on walking and not even bother to pick it up because it doesn't even have value as a paperweight is completely worthless. Gold is the most useful metal on the periodic table. it will always have value. it will never be worthless. even if bitcoin succeeds. Gold does not fail. But you know this just shows you. How irrational these bitcoin. Proponents are to the extent that they think gold is going to zero. And one of the things that michael sailor said to convince the people listening on twitter and there were thousands and thousands of people that were listening. I forget how many but he said that goal is down over the last year the goal is down over the last ten years and that therefore it is not an inflation hedge. It has proven that it's not an inflation hedge because it is down over the last ten years or the last year. That is a very subjective timeframe to pick because if you go over the last twenty years gold went from under three hundred to eighteen hundred where it is now. that's a sixfold increase. Sounds like a inflation hedge to me in fact if you go back a few years ago. Gold was at one thousand fifty in two thousand fifteen. So it's up. Eighty percent almost in the last five years. Sounds like a pretty good inflation hedge over that timeframe. What michael sailor likes to do is cherry pick the timeframe during which gold went down and contrast that to bitcoin to prove that bitcoin is the real safe haven inflation hedge and gold is now obsolete the reality is. Bitcoin is not going up because it's an inflation hedge. Bitcoin is going up for the same reason. That peleton went up. It went up..

michael sailor Michael sailor Bitcoin bitcoin twitter
"michael sailors" Discussed on What Bitcoin Did

What Bitcoin Did

04:08 min | 1 year ago

"michael sailors" Discussed on What Bitcoin Did

"The price of gold in Marx, and of course, went to infinity more or less because the currency hyperinflated. But it wasn't a straight line. And so if you had, if you had callable debt, there are multiple 80% draw downs in gold during that pass because there are periods of time where German officials made it look like they were going to stabilize the currency and they raised it in for a little bit of time, but then it broke again. And so you would have another huge leg up, and then it would correct. And so the key is to have long denominated debt like a mortgage or say how Michael sailors tried to construct his balance sheet rather than that type of like the short term leverage that is callable. Or just put leverage side and not use it, but just have those real assets that whenever the dust settles and people have to reconstruct a new system that you have things of value that people will want back in the future. It could be money, could be productive assets like hard goods. It sounds like it would be bad for pensions as well, though, because they tend to hold bonds, right? Yeah, it would be not good for most pensions. And the tricky part for them is because they have to meet these target return expectations, but they also have to minimize volatility. And so historically, they've held a pretty good amount of bonds. And so it's also I mean, if you look at say investors in Europe, they tend to have more Bond heavy portfolios. It's just been a big kind of facet there. And so yeah, there's large pools of capital that would be very impaired by bonds doing what they did in the 40s, which is basically having negative interest rates when you factor in inflation for a lengthy period of time. So how's Lynn Odin prepare him for this? Well, my approach is, you know, I like some degree of diversification, so obviously I have a large Bitcoin allocation. I still have my gold allocation. And then I have a range of productive equities..

Michael sailors Lynn Odin Europe
"michael sailors" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

03:35 min | 1 year ago

"michael sailors" Discussed on The Peter Schiff Show Podcast

"I guess people would think that there's no way anybody can say something like that. No that's exactly what he says so. He claims that. Bitcoin is the best form of digital property. And the reason he says it's the most valuable. It's the best digital. Property is because it has no maintenance costs unlike other property where you have to spend money to maintain it the beauty. Bitcoin is they don't have to spend anything to maintain it now. The entire bitcoin network. It's expensive to maintain to the extent that people are transferring their ownership but for the individual owner. If i just take my bitcoin and stored on a hard drive or coles stores. I just have my own coin. It doesn't cost me personally anything to maintain that right. I can keep my bitcoin on my flash drive for ten years. And as long as i don't lose it right. It didn't cost me anything other than i already owned. The flash drive ready to really cost me anything to maintain it so according to michael sailor. This low maintenance cost means that digital property is the best property to own. Now of course the reason that you don't have high maintenance costs for bitcoin is that you really have nothing to maintain. I mean what is bitcoin. It's just nothing is just numbers in cyberspace and when michael sailor talks about the beauty of the low cost of bitcoin he always talks about other assets he talks about real estate. He talks about boats. He talks about cars airplanes right other types of property that people can own and he talks about how expensive it is to maintain right a boat. If you own a boat it costs a ton of money. You gotta find a dock for the boat right. The boat breaks down. You have to repair it right upkeep. You need gas for it right. There's all kinds of cost as any boat owner. How expensive it is to have a boat right. The old joke is are the two happiest days of a boat owners life the day he buys it and the day he sells it and as a boater myself i've owned several boats. I understand that perspective. But what michael. Sailor is overlooking when he compares owning bitcoin to owning a boat is because when you own a boat you actually have property that you use an enjoy people buy boats because they want to go boating. They wanna be out on the ocean. They want to experience nature the water. They want to go fishing. They wanna go water skiing. They wanna just transport they wanna go someplace. They want to go to an island. You know they want to do something. I want to have fun. I mean if boats weren't fun if boats weren't enjoyable people wouldn't be willing to spend all this money to maintain them the same thing with all these other assets yes. Property is expensive to maintain because we like living in houses. People enjoy it. It's a place to raise our families. And yes it costs money to maintain you gotta pay property taxes. There are all these negatives when you own certain types of property but they are more than offset by all the benefits of owning the property the joy and the pride that comes along with owning property and getting the exclusive use of that property. Bitcoin doesn't have any of that. You don't do anything with your bitcoin. So the fact that it doesn't cost you anything to maintain it is irrelevant if you don't get any benefit from owning it..

michael sailor Bitcoin coles michael skiing
"michael sailors" Discussed on The Pomp Podcast

The Pomp Podcast

05:37 min | 1 year ago

"michael sailors" Discussed on The Pomp Podcast

"In washington and elsewhere when he stack sats is like a calming thing that you do to ground yourself in the toshiba. Bitcoin reality so once the things that's fascinating to me is most people know you for all of the crazy antics. People have seen the videos of you receive up to ten dollar bill or at the bitcoin conference Yelling and screaming with michael sailor etc. Right which As i've gotten to know you i think is a part of the magic of maxon stacey but when you think about it from a pure investment standpoint Most great investors would tell you that in order to be great you have to cut your losers faster than anyone and you have to press your winners harder than anyone else so from a pure capital allocation standpoint. You all sort of buying bitcoin at a dollar and have continued to buy since that now. The reason why i bring that up is because there's a lot of people who discovered bitcoin early on. Maybe they didn't have the conviction to buy a lot or along the way they said. Hey i bought it at a dollar. I went to five dollars than they sold it. And so what is the thing that has kept you kind of so convicted tamale see it early and have the conviction that this could work but also to ride the most volatile acid over the last decade to what became the best performing asset over the last decade as well. Bitcoin is that has the ability to work on you. The investor in many different ways in part of it is psychological and part of it is just from pure money management perspective. How much do you want to allocate. How much do you want to go into this. And as you get deeper into it you realize that other people that are talking about it. Their arguments are terrible and that adds to my conviction. So for example. I don't wanna go on a huge peter. Schiff diatribe here but his arguments are terrible and he told peter to bite. I sat down with him at his house in connecticut for a couple hours. Walk them through it. When bitcoin is under ten dollars i and every single year since then over ten years he still he mentally can't get into it and when i see somebody like that you know. I'm open to any argument against bitcoin I listened to everybody every single day. Gimme the argument against it. And every time. I hear something i it's it doesn't work. The in never worked and it just increases my conviction and it increases the the idea of what is the total addressable market of this asset class. You know and certainly michael sailors done a great job in saying that melting ice cube on the balance sheet you look at the corporate world. There's trillions of dollars you look at the money management world. There's trillions of more dollars. You look at it versus gold. And is it going to capture part or all of gold monetization. That's a nine detention dollar market cap. Yeah that that's all happening. So the price is still cheap and then as a money manager you know you figure i gotta own it. You gotta keep nibbling at it. It's still cheap. Bitcoin at this price is still incredibly. Cheap yeah what you came from a fascination interest in gold obviously now have pretty much hard right into bitcoin offer a very long time now probably one of the earliest people. I know of that That had conviction and held on when you think about gold today. Is it just writing on the wall. It's over do you think that it still has a place in some people's portfolio..

michael sailor maxon stacey toshiba Bitcoin washington michael sailors Schiff connecticut peter
"michael sailors" Discussed on What Bitcoin Did

What Bitcoin Did

02:46 min | 1 year ago

"michael sailors" Discussed on What Bitcoin Did

"Actually one specifically park luis. Actually bitcoin is is a very kind of texan idea. two the. Dan held about very almost republican idea in that Really this expansion of the credit money printer That's going to really affect people Especially if we see much higher levels. Inflation and politicians are there to protect the after their constituents. That's the mental. Be there to support the voters and it always feels like the republican states. Do that a bit more at an individual level rather collectively and so if they're real high signs of inflation coming in people want to use bitcoin. Is that hedge. It does feel like the republicans days are the one to naturally fight back and say like. We're going to be sworn in bitcoin because this is wall. Constituents are asking for parker lewis. Had like an an excellent tweet. I think it was yesterday or today. Maybe he was like liberals will love bitcoin when they realize what it means for low income families. Democrats will hate it. Conservatives will love bitcoin when they realized what it means for for bouncing the budget. republicans will hate it. And it's like so true. I mean like the kind of the the parasites on the system You know knocking anyone particular. But you'd probably name a few They hate bitcoin and they're gonna hate bitcoin. And if they haven't realized like what it means like like. Brad sherman for instance right. Like he's like two years ago. He was beating the drum. He's like we need to ban bitcoin. It's it's a threat to the dollar in our reserve currency status and and like have people like colligan this old crank but like terms right you know like it is a threat and anybody that like you know i think michael sailors like no no. No no no no. It's not a threat like don't worry guys like michael. Michael sailer is a smart guy like he knows what he's doing. Obviously but i think there is. There is some merit to kind of downplaying it but at the same time like they're just this this reality that that bitcoin is a threat dollar hegemony. Bitcoin is a threat to what congress has been doing for the last fifty years. And you know there's certain people that will you know. Throw the throw everything they got it stopping it so yeah salas interesting at the moment. Like tricky one. Because he's he's walking this fine line between wanting to be like bitcoin. Supporting the cy bonus as he he's referring to while at the same time trying to divert that threat of regulation or in some ways signaling that he supports cernan amounts of regulation if it feels like like. Let's let's put a sticking-plaster over this this by ourselves. More time.

parker lewis michael sailors Dan Brad sherman Michael sailer colligan Bitcoin michael salas congress cernan
"michael sailors" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:24 min | 1 year ago

"michael sailors" Discussed on The Peter Schiff Show Podcast

"Choice while should i buy real estate or should i buy bitcoin. They have nothing in common just because bitcoin is digital property. Doesn't mean it has anything in common with actual property because you certainly can't use it in any way that you can use actual property. The one significant thing that he talked about with bitcoin as opposed to properties that well it doesn't have taxes. Yes if you own real estate you're gonna pay taxes on it no question about it but if you own real estate you can also rented out and you can get rent that exceeds your taxes or you can live in yourself and you can derive that utility you can live in your real estate instead of renting somebody else's and so yes you're gonna pay taxes but you're going to get all the benefit of living in the real estate. Yeah there's no property tax when you own bitcoin but you get no value from owning bitcoin. You don't drive any income out of it. You don't get any utility out of it you just own it now. The craziest thing he said about it though is you said hey. The beauty of bitcoin is that you could take it with you when you die right because you know a lot of people. There's an old expression you can't take it with you. Well as far as michael sailors concern when it comes to bitcoin you can take it with you because you could take to the grave well first of all taking it to the grave and taking it with you are not the same thing because the expression you can't take it with you refers to the afterlife. You're going to go to heaven if you believe in that. Well you can't take any of your wealth with you to have it right. That's the whole idea behind the expression. You can't take it with you so you know. Spend your money while you're alive because if you die with a big fortune that fortune isn't going to help you in heaven maybe is going to help your heirs but it's not gonna benefit you but people have been taking assets to the grave. I mean think about the old egyptian pharaohs barrett in these tombs. They've got all this gold buried down there with them. Not like it does any good in the afterlife. But at least they got it in the grave with them so to say that oh. Bitcoin is great. Because you can be buried with it. Well hell you could be buried with your goal to what differences that make. I mean the fact of the matter is the reason that michael sailor thinks. It's so great that you can die with your. Bitcoin is because when you die with your bitcoin. Your bitcoin is gone right. Assuming that you haven't given anybody the password to your wallet or whatever you die. In the bitcoin dies with you well. What's so great about that. I mean i'd rather have assets that i'm going to leave to my children or to whatever charitable causes. I want to donate them to or to other relatives. Rather just have whatever i've saved..

michael sailors bitcoin Bitcoin michael sailor barrett
"michael sailors" Discussed on The Pomp Podcast

The Pomp Podcast

02:45 min | 1 year ago

"michael sailors" Discussed on The Pomp Podcast

"Do we get institutions to adopt and kind of developing nations. And then there's a default and there's an inflection point my how do you think we sequentially get there. What does that like order of operations almost look like a so great question so firstly i'll i'll detail how are not detail. It'll be a quick explanation of how i get to my two thousand dollars a two million dollars or greater point very simply today total global financial assets in the world. Today are over. Us nine hundred trillion dollars now that includes all equities all data all currency all. Fine art all gould. Nine hundred trillion. Us dollars all real estate. Sorry i forgot mentioned real estate globally. I think that bitcoin has a chance of becoming the global reserve asset of the world. Why because i think oil and natural gas will shortly. And when i say within the next ten years become priced in bitcoin. Why is that well. I'm an engineer rule of conservation of energy. You certainly heard. Michael sailor say that oil and natural gas if you're russia. Do you actually want to sell your valuable natural resources for this thing called the us dollar. Which is a programmed debase fee currency. Or do you want to hold. Us treasuries which is a fee contract. That's also program to be based or would you like to sell your natural resource energy'd for bitcoin which is digital energy. I think yes. I think over time. There will be enough people or nations that want to price bitcoin or energy and bitcoin. When that happens that becomes the reserve asset of the world so what percentage of the reserve asset is. It makes sense that nine hundred trillion dollars could capture. Would it be five percent. I think that's pretty low. But let's assume it's five percent of nine hundred trillion. Us dollars five percent of nine hundred. Trillion is forty five trillion dollars forty five trillion divided by twenty one million bitcoin. That's over two million dollars in bitcoin. Okay it's that simple now. Could it go higher than two million frigging lutely okay. But let's just us two million dollars per bitcoin as a base case scenario. How does it get there. It gets there something like you know what happens in south el salvador a little bit and then against there because michael sailor the genius of wall street figures they every single corporations should actually issue that in order to capture f certainty of debate contract in trade for this thing called bitcoin..

bitcoin Michael sailor Us gould russia south el salvador michael sailor
Can a New Wave of Crypto IPOs Rekindle Wall Street Excitement?

The Breakdown with NLW

02:00 min | 1 year ago

Can a New Wave of Crypto IPOs Rekindle Wall Street Excitement?

"Anyways today. We're discussing the robin hood. Ipo and the circle ipo and whether they can get wall street. Stoked on crypto again. So first let's talk some background. In retrospect the coin base ipo as the top sort of looks super obvious right base ipo on april fourteenth and the bitcoin all time high depending on your exact source came within around twenty four hours of that event there was an extraordinary amount of hype around this which by the way is technically direct listing. Not an ipo. But either way there was a ton of hype and it's because in many ways it wasn't just a single event. He was the culmination of an entire narrative which had been driving the industry for upwards of a year that point. Bitcoin had surprising resilience post black thursday crash in march twenty twenty hedge funds. Particularly paul tudor jones start to notice and explicitly identify it as a good trade in the context of massive global money printing. And this wasn't hard to understand right. It was an incredible moment to c- bitcoin supply issuance pro grammatically have had the exact same moment as central banks were getting comfortable with bigger balance-sheets than ever and by the way paul tudor. Jones wasn't even close to the only hedge fund who bought into this narrative by late summer. Early fall some others like stand druckenmiller. We're going on cnbc to say so as well and turn michael sailor and the bitcoin treasury bat and all of a sudden there's an additional dimension to this institutional by narrative other companies like square follow. Suit some really unexpected players. Come in as well like mass mutual's one hundred million dollar bitcoin. By which is where many of you probably. I heard of a breakdown sponsor night dig all of this creates an incredibly strong clear narrative picture going into the holiday in the new year. And then we get alon tesla's one point five billion dollar. Bitcoin treasury by dwarfs at least the initial by of micro strategy and we really off to the races and then coin bases listing is announced and it seems like the combination of things a major truly legitimising company from the crypto space moving into public markets

Paul Tudor Jones Robin Hood Paul Tudor Bitcoin Druckenmiller Michael Sailor Cnbc Jones Alon Tesla
"michael sailors" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:57 min | 1 year ago

"michael sailors" Discussed on The Peter Schiff Show Podcast

"You want to talk about spin. I think some of the best been out. There is from the bitcoin proponents in particular michael sailor. I was watching a youtube video that included some of the things that michael sailor was saying to really pitch bitcoin and to get people to buy bitcoin to go all in on bitcoin. And the stuff you're saying was just so absurd is the more that you listen to michael sailor. Talk to you about why you should buy bitcoin the more you should think i got to sell my bitcoin. If you actually own it because think about the absurdity of the stuff that he says to justify it first of all. He began his discussion of why you needed to buy bitcoin by talking about how everything is better in a digital format than in analog and he talked about music and how digital music is better than non digital meaning a cd or an old record an lp or a forty five or however back in the day that we used to distribute music. He says it's much better that we can distribute music digitally because now the whole world can have it. it's quicker it's less expensive. You can share your music all around the world when you do it digitally now forget about the fact that the sound quality if you actually have an old record with an old turntable and a stylus and and speakers i mean you actually get better sound quality than what you get. Just listening to music on your iphone aren't the quality of the sound is a little bit better but forget about that. I will grant michael sailors point that the ability to distribute music digitally is a big improvement. Over what existed before because yes you can get more music to more people for a lot less money and so i agree with that. Then he talked about the same thing with books. Now that you have digital books you can disseminate information to a lot more people. Billions of people can read the same digital book whereas if they were limited to a physical book that was made out of paper. How many copies can you print. And then you'd have to take the book and you'd have to mail it to billions of people. It would cost a lot of money. It would be very difficult and yes having digital books is better now again. You could argue. Some people might prefer to hold a book in their hand and turn the pages and that may be a better experience than simply reading off the screen and a laptop. I don't even want to argue that point. Let's just concede. Sailor was saying about the fact that digital books are superior to regular books because more people can read them and it's a lot cheaper to produce them and to disseminate them so then after michael sailor explains why digital music is an improvement digital books improvement. He then makes the jump to say that so digital property is better than real property..

michael sailor bitcoin michael sailors youtube
"michael sailors" Discussed on What Bitcoin Did

What Bitcoin Did

04:19 min | 1 year ago

"michael sailors" Discussed on What Bitcoin Did

"Of the market is is starting to look like it's making the inflation rate from the mining The list significant thing. And so i think that's going to have a decent impact on on these novel circles. We see where we get bullish posts. I think that it's get weak and you'll see narratives you'll see fundamentals of nation states doing the thing and corporate treasury all these macro macro. I'm kind of impacts will start to shape the price chat mourn. In a way this we could see These normal cycles where we left imprint on bitcoin staff to go little bit drunk it and i think it's we'll go. We'll wind in a random walk What will look like random. Walk up woods But without the cycle cool suit of Peaks that we've we've normally sane minority. I'm looking at this long to impress chat. And since the two thousand seventeen peak this boom mac. It's all over the place you know. The price chat is not smooth. It's not anything like the price echoes. so the whales or even like the fuck is going on here. You're laughing asking you probably the ladder. That means there's going to be a thirty percent dip do another twenty percent fuckers. Yeah i think you need any large while doesn't really care the stage. I think they like just see. They just sell Whenever it rallies they sell a bit to pay bay pay for the next cpr Oh jeez It's great for the network. It's really great The coins are really distributing. Yeah you say that. But then like michael sailor. Like i say he. The muslim majority is even more than one hundred thousand. I think micr stategy got like one hundred thousand but he implied like himself and entities. He control has like some one hundred and twenty thousand bitcoin. So that's a that's a consolidation is good for the to to have a better spread aucoin. But that's also a consolidation. Do you worry about that. Do you think about that. Yeah i think about it. And i think it's it's a it's a red herring. I think that An institutional by like that is just another would for Coins owned by a whole lot of people. Microscopic is a publicly traded company k. How much how how many she has does mug saline decent that right i'm Live but not the majority but not by father majority and of course a lot of the holdings date driven so actually It's bought on leverage and the people who leverage the other side of the lions have options to take take and she holding in the company So if you look at the last issuance of the junk bonds junk corporate bonds The the people bought those bonds were corporates. They wanted easy access way to texas bitcoin And i imagine a lot of that came out of conversations for her from his conference earlier this year. Bitcoin for institutions corporates. I imagine a those conversations took place and like he did that one to allow people to see our company's just issued by my junk bond and now you've got an easy way and because you can convert that to my strategy Stock it's the coins moved into a new holding vehicle. It's gonna like the for corporates right now and so again. That's just coins how'd By a whole bunch of cope out the corporates which held by a whole bunch of shareholders. So these are these are these are. It's not like michael sailor. Owns those coins He's custodian of the coins. But he's not the irena..

thirty percent twenty percent one hundred thousand michael sailor texas Microscopic more than one hundred thousand one hundred and twenty thousan earlier this year two muslim thousand seventeen peak
Everything We Learned About the Bitcoin Mining Council

The Breakdown with NLW

01:51 min | 1 year ago

Everything We Learned About the Bitcoin Mining Council

"In december elon musk. Michael sailor started tweeting back and forth a bit. Bitcoin were already in the modality of companies. Adding bitcoin to their treasury and sailor had already emerged as one of the top evangelists. Of course this got tongues wagging at the end of january. Ilan changed his profile to read bitcoin and tweeted. In retrospect it was inevitable in february tesla announced that it had purchased one point five billion dollars in bitcoin and that it would start to accept bitcoin for payment for vehicles. Bitcoin cheer and our bags. Rejoice as we're rocketed up the next leg of the bull run but it wouldn't be a good story without a dramatic arc. Now would it almost immediately. We saw the downsides of ilan's involvement to go right along with the upside of price. Those downsides included one the alignment with an unpredictable twitter user. More likely to show those than to do. Anything that bolstered bitcoin and to the scorn and condemnation of the legions out there who dislike elon that second category includes many who profess to care about the environment who basically view tesla or ilan himself as a great green washer. In retrospect it's pretty clear that tesla's involvement did more to ratchet up a focus on bitcoin's footprint than to alleviate concerns about it by the end of april a new concern tesla had sold ten percent of its. Bitcoin alon profess that it was only to demonstrate the liquidity of the asset to stakeholders. But it was still jarring by a month later things had gone really sour alon announced that tesla was pausing sales of bitcoin due to environmental concerns w. f. the collective cry rang out. Do this guy seriously. Just learn about the environmental footprint of bitcoin. of course not what's far more likely and commonly accepted. Is that behind the scenes. There were serious pressures pushing tesla any lana on the bitcoin. Question for example. Es focused etf that list tesla who because of bitcoin

Tesla Michael Sailor Bitcoin Elon Musk Ilan Treasury Bitcoin Alon Elon Twitter Alon Lana
"michael sailors" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

05:38 min | 1 year ago

"michael sailors" Discussed on CoinDesk Podcast Network

"We learned about the bitcoin mining council on michael sailors twitter spaces last night. I however let's do an update on yesterday's fomc meeting effectively. It was exactly as we expect it. In the short term the federal reserve is making no changes rates will remain near zero bond. Purchases will be one hundred and twenty billion dollars monthly however the fed did signal that rate increases. Were going to come earlier than expected. Jay powell officially retired his. We're not even talking about talking about raising rates. In fact he said you can think of this meeting as the talking about talking about meeting if you like officials now expect to raise rates in two thousand and twenty three when previously they had expected to keep rates near zero all the way through two thousand twenty three. What's more powell gave some latitude. On the transitory inflation concepts saying quote as the reopening continues shifts in demand can be large and rapid and bottlenecks. Hiring difficulties and other constraints could continue to limit how quickly supply can adjust raising the possibility that inflation could turn out to be higher and more persistent than we expect. Overall stocks were down in. The dollar was up as one commentator called it a hawkish surprise. It's important to remember when we look at stories like this that. Us monetary policy doesn't just impact the us. This morning's wall street journal headline reads red hot. Us economy drives global inflation forcing foreign banks to act. Central banks are raising rates to fend off a rise in inflation has policymakers respond to the booming economy. Basically in the us the fed is acting. Ultra dovish to avoid a taper tantrum like we discussed yesterday where markets freak out at the prospect of rate increases. Large central banks in places like europe and japan are effectively forced to match fed policy so their currencies. Don't get stronger. Comparatively and hurt economic recovery the head of macro research for blackrock said to prevent the euro strengthening the european central bank would need to be similarly dovish as the federal reserve which might be a struggle due to different inflation and growth dynamics however in much of the developing world central banks don't have the luxury of matching the fed when debt is denominated in dollars even a little bit of local inflation can be absolutely disastrous in brazil. The central bank has made a third straight interest rate increase in the face of eight percent. Inflation russia has also raised rates three times this year to five point five percent with inflation over six percent which is the highest. It's been in five years. Turkey raised its main rate all the way to nineteen percent in march all of this is a reminder that we live in a deeply globally interconnected system and inflation and economic performance in the. Us isn't just about us. Speaking of which one more story worth giving quick mentioned to the world bank has denied a request from el salvador to help implement bitcoin as legal tender their reasoning environmental concerns quote while the government did approach us for assistance on bitcoin. This is not something the world bank and support given the environmental and transparency shortcomings. This is of course. Total bullshit and a demonstration that the world bank is ultimately an institution that does not serve global nations but the specific interest of the us. But without let's shift to our main discussion and let's give a little bit of background for those who don't have it in december elon musk. Michael sailors started tweeting back and forth a bit. Bitcoin were already in the modality of companies adding bitcoin to treasury and sailor had already emerged as one of the top evangelists of course this tongues wagging at the end of january. Ilan changed his profile to read bitcoin and tweeted. In retrospect it was inevitable in february tesla announced that it had purchased one point five billion dollars in bitcoin and that it would start to accept bitcoin for payment for vehicles. Bitcoin cheer and our bags. Rejoice as we're rocketed up the next leg of the bull run but it wouldn't be a good story without a dramatic arc. Now would it immediately. We saw the downsides of ilan's involvement to go right along with the upside of price. Those downsides included one the alignment with an unpredictable twitter user. More likely to show those than to do. Anything that bolstered bitcoin and to the scorn and condemnation of the legions out there who dislike elon that second category includes many who profess to care about the environment who basically view tesla or at least ilan himself as a great green washer. In retrospect it's pretty clear that tesla's involvement did more to ratchet up a focus on bitcoin's environmental footprint than to alleviate concerns about it by the end of april a new concern tesla had sold ten percent of its bitcoin. Alon profess that it was only to demonstrate the liquidity of the asset to stakeholders but it was still jarring by a month later things had gone really sour alon announced that tesla was pausing sales of bitcoin due to environmental concerns w. f. the collective cry rang out. Did this guy seriously. Just learn about the environmental footprint of bitcoin. Of course not what's far more likely and commonly accepted that behind the scenes. There were serious pressures pushing tesla any law on the bitcoin question for example. Es focused etf's that list tesla who would delist. Because of bitcoin for more on this go listen to my conversation with kathy would from a couple of weeks ago. She talks explicitly about it. How much of a focus. This is for people. Like larry fink at blackrock. Whatever the case the move put energy concerns right there as the chief criticism for bitcoin to deal with and tanked the price roughly right back down to where it was before. Ilan got involved in the first place. Bitcoin nealon had some spats and we were all reminded why. Bitcoin is no heroes asset fast forward to a couple of weeks ago. Yulon pops back up again..

Jay powell nineteen percent five years two thousand kathy february Michael percent one hundred and twenty billion last night december michael sailors eight brazil twitter ten percent five billion dollars march powell five percent
"michael sailors" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

03:39 min | 1 year ago

"michael sailors" Discussed on The Peter Schiff Show Podcast

"I mean there's a lot of ridiculous points. And i don't have that much time on this podcast so i'm just going to focus on two people picking one ridiculous point that each one made the first one being michael sailor of micro strategy course. I've talked a lot about michael sailor on this podcast but of all the ridiculous things he said. Today i think the one that really struck me was when he talked about bitcoins. Use of energy and of course bitcoin rightly so has come up with a lot of flack Particularly from elon. Musk right who dumped. Bitcoin fact now maybe he's officially broken up with bitcoin. Because he tweeted out some kind of a guy and a girl breaking up indicating that maybe he's broken up with either bitcoin or does coin or or whatever but there could be some kind of crypto relationship. That's come to an end but a lot of it started when elon. Musk suddenly discovered all of the energy. That is being wasted in the mining. Bitcoin and empowering the bitcoin network and so michael sailor feels compelled to take this on right because he doesn't want the investment community or the corporate community somehow not buying bitcoin because they think it's bad for the environment or that it wastes energy so he basically put his spin on it and he said that bitcoin is the most energy efficient invention in all of history. Or whatever. The words were that there has never been an asset class that was more energy efficient than bitcoin. And how did he come up with that. Because obviously if you look at how much. It costs in energy to transact in bitcoin versus just using any other fiat currency or using a credit card or a payment app like a pay pal or it is extremely extremely high usage of energy. I mean it's the most inefficient way of transferring value of any other way that you could possibly transfer. So how is it. That michael sailor is able to get away with saying. It's the most edgy. Efficient invention ever devised. Well here's how he measures energy efficiency. He looked at the market capitalization of bitcoin. Which is right around. Seven hundred billion right now well off. Its highs as i'm recording this. Bitcoin is about thirty seven thousand per bitcoin. At its peak it was closer to sixty five thousand so you pretty much double the current market cap but if you look at the current market cap seven hundred billion what sailor talked about was how much energy has been consumed in bitcoin relative to this seven hundred billion dollars value that has supposedly been created by bitcoin. Because that's the market value of all the coins. And he compared that for example i think two other companies whether it was google or apple and he looked at their market caps relative to how much energy went into those companies which is a laughable comparison. Because when you're talking about the energy used by apple. Apple is using energy to produce phones that people are actually using or computers. That people are using all sorts of products are actually being produced. And sure you need energy to produce those products even when he talked about google..

apple google seven hundred billion Seven hundred billion Apple Musk seven hundred billion dollars Today two people one sixty five thousand elon michael sailor first one about thirty seven thousand pe each one two other companies double pal bitcoin
What's Really Behind China's Bitcoin Mining Ban?

The Breakdown with NLW

01:58 min | 1 year ago

What's Really Behind China's Bitcoin Mining Ban?

"What's going on guys it is. Wednesday may twenty sixth. And today we're talking about what's really behind china's bitcoin mining band or at least a different way to look at it. There has been so much happening so fast that you can expect a lot of these shows to be checking in on some things that we've discussed just a day or two before and today is definitely an example of that. I'm going. I do an update on the discussion around the bitcoin. Mining council michael sailors spoke at consensus yesterday and thought there were a couple of interesting points that came out of it. I is the extent to which the impetus for this mining meeting was from ilan himself rather than sailor dragging along. Sailor said quote. I think he lawns. I order. Ask was hey. Can we come up with a way to publish boost transparency for bitcoin mining energy usage. I think the first step is. Let's come up with a protocol for us to publish energy information in a way that we can share it with the world and then work together to make sure that we pursue sustainable energy goals. Sailor argued basically that in the absence of there. Being a standard model for energy use. Reporting critics come up with their own models for estimating how much energy mining is using many of which ended up painting a much bleaker picture than the reality if this is the case. It's a solvable information problem. And frankly it's also one which does benefit from some amount of coordination from a critical mass of parties to agree to the type of disclosures. They're going to make in the standards for how they're going to report things to make them comparable the other big point from his talk was the extent to which this energy was the key deliverable with all of the rest of the things that people mentioned the notion of promoting more sustainable practices being much more nascent and still in the discussion phase. This was strongly reinforced threat by amanda fabiano who heads mining galaxy digital. I'm actually just going to quote the whole thread. Because i think it's pretty important quote bitcoins. Energy consumption is transparent making it an easy target for criticism. But what critics can't see is the breakdown of energy sources.

Mining Council Michael Sailors Ilan Sailor China Amanda Fabiano Galaxy Digital
"michael sailors" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:59 min | 1 year ago

"michael sailors" Discussed on The Peter Schiff Show Podcast

"Well i missed michael sailors. Tweed that micro strategies had purchased another ten million dollars worth of bitcoin to add to its holdings i think he tweeted out. A price of forty three thousand forty four thousand dollars per bitcoin. Of course he's already way down on it but this guy continues to buy. It wouldn't surprise me if he bought more bitcoin today. We'll find out. And you know the thing about michael sailor. Is you know you hear a lot about the bitcoin. Wales right all the guys who owned lots of bitcoin. Well though michael. Sailor is one of those wales in my mind. The real whale when it comes to michael sailor is bitcoin. Bitcoin is the whale right. In fact it's moby dick. It is the big y wail and michael sailor is captain ahab and he is obsessed with bitcoin and basically i look at micro strategy as the right. That is the ship that ahab captain. And i think you've got all these shareholders who were aboard this ship and they are going to drown with michael sailor because he is going to pursue this obsession until his own death and he's gonna kill everybody. On board the micro strategy. I think shareholders have two choices. Either mutiny. right. Get rid of this guy. And take over this company and salvage. What's left of what used to be a software company or jump ship and sell your stock. This thing is going much much. Lower was only down today by seven and a half percent. We're now at four hundred and fifty four down from thirteen hundred and fifteen dollar high coin base down five point eight percent a new low in fact it got down to two hundred. Eight dollars was loaded. A member of the reference plice was to fifty which we just broke yesterday or day before went down to eight. It was as high as four twenty nine during the opening fifteen minutes or so of trading. I mentioned galaxy digital yesterday. It was down six and a half percent and of course the gray scale. Bitcoin trust down another five percent. But at one point i think it was down closer to fifteen percent on the day. The low was twenty eight and it closed at thirty two point six and that was still down over five percent even though it was two dollars and sixty cents off below but all that low did was set up a new target. Which i'm sure we will not only hit but we will take out in the days ahead as this bear market continues to grind lower. You know as. I was watching the coverage of the crypto market on cnbc continuously throughout the day. I'm watching these gray scale. Ads right by scale. Trust buy bitcoin. Everything.

five percent Eight dollars fifty sixty cents two hundred seven and a half percent two dollars eight eight percent fifteen minutes thirteen hundred and fifteen d today ten million dollars yesterday fifteen percent six and a half percent four five point twenty eight thirty two point
What an Increasingly Booming Economy Means for Bitcoin

The Breakdown with NLW

02:07 min | 1 year ago

What an Increasingly Booming Economy Means for Bitcoin

"What's going on guys. It is thursday april twenty ninth and tenth day we are asking the question of what an increasingly booming economy means for bitcoin. So the setup for this. Is that obviously for. Bitcoin and bitcoin has always been a macro asset in the sense that it is fundamentally about reorganizing the global economy in some way when it comes to the rest of the world however it's really only been in the last year that that idea of bitcoin as a meaningful player on the macro stage has come to the fore. The connection was made first and most profoundly by. Paul tudor jones with his great monetary inflation thesis. And since then. Bitcoin has been tied up in its digital gold narrative as an inflation hedge. Right there's no way to deny looking at micro strategy getting in and michael sailor talking about the melting ice cube of cash as a treasury reserve asset and stanley druckenmiller seeing five to ten percent inflation over the next few years. There's no way to deny that bitcoins. Narrative has been tied up in the fear of looming inflation. The question then becomes. What if that starts to withdraw. What if the macro narrative shifts. Where does that leave bitcoin so today. That's what we're going explore. And i think the start. Let's start with this idea of it. Being a booming economy one of the wall street journal's lead headlines today is. Us economy appears to be lifting off. Economists are projecting a quote robust consumer led recovery. Gdp grew at six point. Four percent seasonally adjusted in q one which is almost exactly what economists had predicted. What's more consumer confidence is approaching pre pandemic levels. In fact it's the highest. It's been in fourteen months and it's done nothing but increase for months in a row in particular a low income band people and families earning between twenty five and thirty five thousand dollars. A year has increased dramatically in march. Nine hundred thousand new jobs created an unemployment went down six percent.

Bitcoin Paul Tudor Jones Michael Sailor Stanley Druckenmiller Wall Street Journal United States
"michael sailors" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:51 min | 1 year ago

"michael sailors" Discussed on Bloomberg Radio New York

"This be given the fact that the same structural uh, the same structure is there of low growth of an aging population of a lot of debt? And a productive it ease back. Drop the way that we've seen it. Well, we are gonna We're gonna slow down again because of demographics. I mean, we've We've got virtually no immigration right now. The working age population is really not growing. So there is a question on immigration. Yes, we'll get there. We'll get to so growth again. But between now and then we're going to have a very fast recovery. I mean, it's going to take us less than three years to go from full employer from 14.8% unemployment down to about 3.5. So you know if the last expansion was a healthy tortoise, this one is going to be a rather frenetic hair on. So I think this will be very fast expansion and they're after you're right. It's gonna be slow growth, but we have to see him productivity that that's really a matter of wise government policy to try and improve productivity growth. David Nicely said. What is this stability risk? If we slow down? Let's say we move quickly to better GDP. What is the sum of J. P. Morgan say about the effect on markets when we begin to look at some form of slow down Well, Yeah, There's definitely risk here because first of all, I think you know in your previous discussion, talking about how the Federal Reserve really wants to push that unemployment very, very low to help the poorest and the Most vulnerable in society. The problem is that that that's very blunt instrument of easy money has caused as the prices to skyrocket and you're right when we get a slow down those those particular with higher interest rates and slow down I think those assets are vulnerable s. Oh, there is a problem there and then also, you know, you just got so much fiscal stimulus going in here and then you're gonna pull it out. Are you sure you're gonna be able to remove the fiscal stimulus at the right pace? T allow the economy sort of slow down the dime rather than you know, reverse into recession in the middle of this decade, so there are worries out there. But for the moment for the moment, you know the story over the next year is a lot better in the story. Right now. I think that the bond market, so he's telling us that let's talk about the past of the equity market. You comfortable in right now. David, we got a huge movie today on the financials up about 21% on the energy stocks up about 31%. He's still comfortable in those parts of the market just to stick with it through the year. Yes, because because we're still we're certain negative real yields. Should we really be a negative real yields as we head towards full employment of the booming global economy and all this government borrowing, you know, if we just get toe we end the year as zero real yields that's still a significant increase in long term interest rates. We know short rates aren't risings. That's a steeper yield. Curb to go cyclical bands back STP you a curve. That still sounds good to me for energy in particular financials Final question. And David you comfortable of the index level of the S and P 500 really old moved another 70 basis points and got back to zero there and they're about Can you imagine Growth equities, which make up the bulk of that index doing one in the environment? I'm more worried about that. I mean, the overall evaluation of US equity market is high, but there's a huge amount dispersion within hours. I think this is a year where really active management does make sense because I am nervous particular about this mega cap growth names that those valuations have very high for rising rate environment. David Good to see you. Thanks for reacting to that breaking dangerous Well. David Kelly, JP Morgan Asset Management chief global strategist, and Thomas and that the story How many years have we been talking about? Massive first of active and get active, get active. And this year finally, because of the mechanics of the benchmark that conversation just gets a bit more fuel. All my readers, I get what you're saying. John and get what Dr Kelly saying is well, all my Raiders up How many times Have we seen finally active, and it's not quite worked out. We've done a few times, haven't we, Lisa? Yeah, but I think that this take kind. This this'll time is perhaps I'm going to get my words out. This hand perhaps is different in the sense that we did have that incredible growth in tech stocks that was so heavily affected by the pandemic, and we have a different environment. Now we have people going back and traveling again, and we have people using gas and gas prices going up their actual Technical reasons behind the active argument, John that there were not before on the edge of hope there, Lisa. It's just, you know, occasionally, you know if you get me some shelter than I can be a little more helpful. That's all it takes away, especially at 8 40 am going some program note 11 25 this morning, John, you and I are World's not going to stop. The Bitcoin world is going to stop a conversation of one Joseph Wiesenthal with Michael Saylor. Bitcoin. This is a huge deal, John. I can't say enough about it. The crypto summit here and there's some great guest Kathy Woods on and I get all the uproar. John This conversation of the stalwart with Michael Sailors, a huge deal in that world personal boss much more interesting to see what Cathy's got to say about what happens to be a big deal with Michael McGlone. No question about it. How do you Michael Saylor has some really interesting points about investing just to the infrastructure of crypto assets. And that will be interesting lately. I've been really he has the fastest, right got tased myself, please. Why not? What extent what show the real yield of the next hour. The next time we're gonna do next, What did Rubio tomorrow? Savita Superman EUM, the BancAmerica securities, head of US equity and quantitative strategy ever finished yet? 3800 year and Price target on why she likes bank so much Still after the run up this year, Tom Go Do you want to tease like, sound down with Kevin? So really while we're at it, or, you know is that at 5 P.m. five, based in time Blend like radio opened by politics a little bit later to actually charge forward should not. It's a tease first, and we go from New York City. Tom will be on radio next. If you want to stick with that we ought to stick with TV you'll see May Take your pick or just go home with Lisa. It's just moves away from it. All. Ugo reaches down 11 on the S and P 500% that's taking.

Michael McGlone David Kelly Michael Saylor David Kathy Woods New York City Kevin Michael Sailors Joseph Wiesenthal John Thomas JP Morgan Asset Management J. P. Morgan Tom Lisa BancAmerica 8 40 am Cathy Rubio tomorrow
Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

The Breakdown with NLW

04:19 min | 1 year ago

Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

"What's going on guys. It is tuesday february sixteenth. And today we are talking about. You know it fifty thousand dollar bitcoin and specifically whether it's shows that we are in a bitcoin super cycle so i the news after a week or so of threatening the rubicon was breached this morning between seven forty five and eight am eastern time. Bitcoin punched up above fifty thousand. Now it immediately met cell wall and had a six hundred dollar candle down in is at the time of recording closer to forty nine thousand but to me that technical response is far less significant than these psychological barrier of a fifty thousand dollar being breached so today's special early breakdown is all about that. I reached out to followers this morning. Asking what topics you all thought were important for a fifty k. Show i also popped into a couple of different clubhouse chats to see what people were focused on and overwhelmingly across both of those mediums. The thing that people wanted to talk about is whether this is another indicator that we're in a bitcoin super cycle. I'm going to discuss this. It's going to be the main focus of the show. What the idea of a super cycle is where it came from what it might mean and some different ways to look at it but first let's blast through a few of the other topics folks wanted to disgust. Let's try to start with something that if not negative is sort of dismissive to be honest. It's kind of hard to find those bitcoin stomping face but here we are peter. Brant tweeted fifty. Thousand is a nice round number. That means absolutely nothing. Technically trying to sound smart just sound smart helps to define dumbness now. Let's contextualized. Peter is speaking to a trading audience and that trader audience are not supposed to in their own estimation get emotionally invested in an asset or let narrative shape. What they do. So let's give peter the benefit of the doubt and assume that that's who he's talking to however if he is truly arguing that technicals are all that matter about an asset. The easy rejoinder is that markets are by their very definition a constant give and take between narratives and technicals and frankly narratives tend to reshape the bounds that frame the upside and downside potential of those technical indicators either way for the sake of completeness i wanted to include something sort of negative but i think we can move on next. Let's discuss michael sailor. Just doing michael sailor things about five minutes before fifty thousand was breached. Sailor dropped a new press release from micro strategy long story. Short micro strategy is offering another six hundred million in debt and all the words of the press. Release our legalese. Except for this. Little line micro strategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins. Pomp summed it up perfectly when he tweeted. Michael sailor is carrying out one of the highest conviction investment thesis we've ever seen in public markets. Incredible to watch okay next. People are wondering how this happened. Or why will. I think the wise a little obvious. We saw an insane amount of positive news last week. Tesla b. and y. Mellon mastercard twitter. Deutsche bank morgan stanley. Every show for the last week has been about some type of crazy positive news. If you've been listening it's hard for that amount of positive news to not have an impact in other words. The specifics of win this fifty thousand dollar price was going to happen. Are for those technicals. That i was mentioning above to figure out but the overall momentum has clearly been in this direction. This actually gets me to another point. I was trying to articulate on twitter. We have this linear time bias. That when things happen quickly we tend to feel like that the thing that was before the you're comfortable with was the correct thing versus the new thing and the new change. That happened really fast. In other words. Bitcoin was between ten thousand. And fifteen thousand for a really long time so fifty thousand seems overvalued but what if instead based on what we now know. Bitcoin was in fact radically undervalued for that. Same ferry long time.

Michael Sailor Bitcoin Peter Brant Deutsche Bank Morgan Stanley Mellon Tesla Twitter Mastercard