He is wrong in one thing. Ban of Japan said they will not hike as long as markets are stable. Now markets had a huge run up, than they can hike again...
Great conversation, thx so much! I can’t stomach traditional media any longer, and I’m surprised that people still do. Keep it up Kitco and thank you Michelle
but there are holes in his thinking, USA are no longer in the box seat, bitcoin is not a currency that any country uses, USA this USA that, the world no longer fears USA, no longer cares USA, yes at present USA will affect things globally, but that could change very soon, Brics is growing, make a America great, only in their own eyes, Brics poses an enormous threat to the dollar reserve currency, the world looks toward America only as a "when will it crash", these are precarious times, the only thing certain is the uncertainty, empires crash, this empire will crash and burn, JADDP
Absolutely loved this interview. Not dry, plenty of personal anecdotes sprinkled in, including Michelle's matter of fact statement that she's a good dancer. Keep it up!
Read the comments, fast-forward looking for older guy with at least a collar on his shirt, read the comments again, decide to listen anyway, pleasantly surprised.
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
Those calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
How does Bitcoin solve anything? It's impossible to price and if you can't price it it's pure gambling. Nobody knows where crypto came from (save me the urban myth). It most likely is an invention by the 5 eyes plus Israel intelligence agencies to trick people into accepting a digital currency. This guy is just selling his book.
@@majo9042You won't be like Venezuela. Venezuela will be joining BRICS soon where they can trade their enormous oil reserves free from illegal US sanctions 🎉🎉🎉
Jack’s physiognomy is interesting … Check out two sides of his face ….. Right side is dropped Left side is elevated Right (his) = the world Left (his). =.the “divine” “spirit” (God) …this man’s emphasis is clearly with the “divine”.
In times of increased dollar liquidity and sovereign debt concerns, there are several strategies investors might consider. For instance, investing in assets that tend to perform well during economic uncertainty, like gold or other precious metals, can be a good move
Precious metals can act as a hedge against inflation and currency fluctuations, while high-quality bonds might offer a safe haven compared to riskier investments
investing in sectors that are less sensitive to economic cycles, such as utilities or consumer staples, can provide more stability. Diversifying across different asset classes and geographic regions can also help mitigate risks
I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful
That was a bloody good show. Thank you Michelle. The more I listen to Jack Mallers the more I want him to be more and more successful. I believe in the power of BTC and have done for several years now. Do yourself a favour and buy some.
How? he is a kid promoting a faster collapse of the dollars, your society is a product of the dollars not of bitcoin, just look at how he began the interview all happy and was so sad by the time Michelle brought him back to the ground
Been watching you for years and always appreciate your interviews and guest. Thank you Michelle. Keep up the amazing work. So much VALUE every time I tune in.
I learned so much about money and Jack has really educated me about advantages and functionality of bitcoin. Makes so much sense. Michelle was a great advocate in thus interview 😊
Nice video coverage, in trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Shea Ardolf's valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!
Nice to see this here..Her expertise in technical analysis and chart interpretation has been instrumental in my trading success. ., she has definitely delivered solutions well above my expectations.
Without a doubt! Shea Ardolf is a trader who goes above and beyond. She has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
I’m a conservative Republican and in the past I invested a lot of time consuming political news. I’m now disillusioned as I don’t see much difference between the parties. Now I spend that time studying bitcoin.
I'm with you, Brother! I'm hopeful Trump wins and is as successful again as he was in his first term. But even if he doesn't, I believe WHOLEHEARTEDLY" in BTC, regardless who is in office! Fix the money, fix the world!!
@@davep7849and then Trump proceeds to appoint a deep state Never Trumper who has done nothing but piss off every woman he possible can to throw the election the way of the UniParty
@@stevehalverson790 dont expect politicians to solve your problems. The best they can do is to create an environment where individuals can create a good life for themselves. The rest is up to individuals. Of course, this lot of politicians can’t (or dont want to) even do that.
Maybe im just old and im probably wrong,but no matter how hard I try I cant see the longterm case for Bitcoin. Please convince me. A few thoughts… a fixed supply is actually a problem. 1) How does borrowing work. If you borrow in Bitcoin, do you pay interest in Bitcoin? If so, where do the new bitcoins come from to pay the interest. Do we build a fractional system on top of bitcoin as the reserve currency? 2) If GDP increases then the same amount of bitcoin is spread among more goods. Hence the price of goods fall relative to Bitcoin ie deflation. People would rather horde Bitcoin than spend it, because it will buy more in the future. Therefore even less Bitcoin is in circulation causing a vicious circle until everyone is hoarding and no one is spending bitcoin (kind of like now). You’re counter arguments are genuinely appreciated 😊
Some thoughts: 1. I don't think the optimal use case for Bitcoin has been established yet. Is it digital cash? Is it digital gold? People may hold strong opinions on Bitcoin's proper function, but I don't think there's certainty on this topic yet. Time will tell. 2. On the issue of lending, Cantor Fitzgerald is now offering Bitcoin financing. So holding Bitcoin allows you to borrow not Bitcoin, but dollars. Maybe Bitcoin can co-exist with the dollar (I know some people might hate me for saying this). 3. It seems to me that the impact of technology on the free market is deflationary. Not only are we creating more efficient means of production, but more and more physical products are being made available in cyberspace; more and more hardware items are becoming software items. Maps, calculators, flashlights, cameras, camcorders, telephone lines, TV cables, etc have all been dematerialized and are accessible through mini super computers we all have in our pockets. Maybe it's best for our monetary system to move in the same direction that technology is taking us. Instead we have an inflationary monetary system that's created massive asset bubbles that are ripe for massive deflationary shocks that are certain to cause alot of pain. Perhaps the great depression and the great financial crisis wouldn't have been possible with a monetary system where deflation happens gradually on a set schedule that's set in code and you can plan around. 4. We don't know a world without fractional reserve banking. All we can do right now is theorize how things could work in another paradigm and speculate on whether things would be better or worse. There's alot to say on this topic, but that's enough for now.
Your .missing the SATOSHI...factor...a Bitcoin can be split into a lot of SATOSHIs.. perfect....one Satoshi buy a Starbucks coffee....and perhaps..we can even go a percentage of a SATOSHI...so 21 million...by 10 million Satoshi..by percentage of satoshis...and ow..they cannot be counterfeited...and they are recognized around the world...seems perfect...just no derivatives... That is not allowed.. period
It's something I wonder about too. I think the idea is that if there is only so much bitcoin then it is objectively valuable and everything else is subjectively valuable or valueless. There is still the problem of it only being objectively valuable through confidence, because it's obviously not an object.
Did you mention the intangibility factor? In my mind, with the advent of AI and advanced hacking, how come more people are. not talking about this issue? Does everyone believe BTC is un-hackable?
All of you guys missed the boat. Bitcoin is a network. The most powerful unstoppable unhackable uncontrollable network on earth. Every government has every incentive to stop it and they can't. That's something no government can simulate with any amount of money because Bitcoin is a singular event. It is the first Crypto.
Catch the game. They are creating a whole new ASSET class to get out of trouble. Check the charts of both gold and Bitcoin......no comparison. Gold has nothing to do with AI/TECHNOLOGY. This is the only way out.
The whole friggin' system is based on a ponzi scheme - fiat dollars!! As Greg Foss says, the US Dollar is just the prettiest horse in the glue factory!
@@michaelberico7141 Fiat exists with belief. As long as you believe it will stand just like anything else. All finances really are just based in belief.
No really bad inflation is coming but not hyperinflation at least here in the states. The dollar is the reserve and everything is pegged to it so it can’t hyper inflate.
Hyperinflation is never going to come as long as the U.S holds the key to the money printer and the rate adjustment meter AND as long as other countries suffer in response to this key and meter.
His understanding is different than others, he expression is a level above others yet the system is so complex few really understand the truth behind the manipulation behind all of it.
Gold is real money with a track record of thousands of years. BTC is a novel and innovative product, however it's price is tied to fiat. If fiat fails so does BTC. Unfortunately BTC has no utility value, and the current narrative around BTC has almost nothing to do with why it was originally created.
Search for risk reward bitcoin fidelity chart, it's this graph of all assets, and bitcoin is way out on the edge at the end of a vast empty sheet of paper, with everything else clumped down near zero. The volatility is graphed on one axis, and the price gains on the other axis. Like he says, it's the best performing asset in the history of the world.
To say the least,it's volatile, you can't buy whatever you want with it,I mean try to buy gold bars or anything of any value with it,155mm Howitzer, fighter jets, cruise missiles,NONE of the goods that MEAN anything to me. GoldFuturesMarket.
@@oliyahavrylov446😂yes they are becoming more healthy and it is being for them. Most people don’t have the will power to do it. Inflation is giving them the gift of fasting.
I’m an old fart I prefer conducting commerce with people not machines. It is a little odd how young people seem more touchy feely but not with their money. We older people would rather hold some Silver or Gold in our hand, maybe we are more touchy feely.
I absolutely loved this interview! Thank you for helping me understand I need to be in Bitcoin! I just wished I invested when my son told me about Bitcoin when it was only $13.00 per Bitcoin!
You can use a generator use send it by SMS. You can even run a bitcoin node on a generator with a satellite feed. So you don't even need the internet to verify bitcoin transactions. It's pretty popular in Venezuela where the internet and power grids are out all the fucking time. You can also use ham radio, but usually SMS is up.
You can only sell your bit coin to someone who wants it. All these snake oil salesmen have traded their spend anywhere money to cryto and trying to sell it to you. All crytos will go to 0 one day. Just like NFTs and all the rest of the stuff. Gold is real houses are real they have real material uses. Cryto is an expensive spread sheet that's all.
Really great info condensed and understandable! However you do realize that Bitcoin is dollar denominated and you're telling us the dollar will be devalued... Soooo when Bitcoin goes to The Moon, And you decide to cash out in dollars to buy real things the dollars will be worthless.. so you're encouraging us to buy an asset that will go down in purchasing power but go up in nominal terms??? You realize that literally makes no sense because purchasing power is all that matters.. I'll stick with gold and silver and we'll see who comes out ahead. I love how bitcoiners think that Bitcoin only has 21 million coins and a fixed supply yet now they offer derivatives which are unlimited so in essence Bitcoin is unlimited.. printable derivatives same as Fiat denominated in Fiat!! More of the same BS. All the talking heads are literally telling everyone to buy physical gold and silver without telling everyone to buy physical gold and silver! Central Banks are buying more physical gold and silver than ever while telling you to buy paper or digital assets 🧐 And for those of you saying there's not enough gold and silver in the world for it to be transactable money... Please explain to me Goldbacks.. fractionalized gold and silver down to 1/1,000th of an ounce!! Bank of international settlements reclassifying gold as the only other tier 1 asset in the world!! 🧐 I put my money on gold 24x to $60,000 an ounce far far before I see Bitcoin 24x from here to 1.5 million per coin.. The real story is we do not want currency we want money, totally different definitions look it up!! Bitcoin is not a free market price Discovery model now that there are derivatives offered on it! Derivatives are the tool for price control!! We should be talking about ending the derivatives market on the spot price of physical gold and silver that's been suppressed since 1971! Over 50 years of price suppression!! Buy the cheapest while most valuable asset, physical gold and silver! If you refuse God's money physical gold and silver I hope you're ready to accept the food lines.
I agree as far as I can follow your arguments. Until you can use BTC to buy eggs at the farmers market or pay the baby sitter with BTC and until it becomes as relatively non-volatile as a fiat currency like the Swiss Franc or USD, then its usefulness as a form of “money” will always be fatally compromised. The last thing anyone wants is massive uncertainty that the money in your account was enough to fill up with gas but buy the evening it’s suddenly 20%!! At the moment it seems to most closely follow the stock market!
Exactly. Seems so obvious, yet the computer generation doesn't want to believe it. Bitcoin is more of a fiat currency than any fiat currency in the world. Subject to all the same fiat currency problems that bitcoiners cite as why they are getting into bitcoin. The old saying "fiat currency is only worth the paper it was written on." Well, hell...Bitcoin doesn't even have that. Bitcoin is figuratively AND literally...nothing! Without electricity, you have nothing. It all vanishes. Unless you have gold. That doesn't vanish and has been used without electricity since the beginning of human history. To me, this is a no-brainer and I can't understand those who refuse to see it. Then I realize...85% of the American population opened their veins to the American govt and let themselves get injected with...who the hell knows? They sure don't. Like watching a twilight zone movie. And then I understand bitcoin...
Can’t the treasury just ask the federal reserve to change the value of gold on the feds balance sheet essentially immediately devaluing the currency, but being able to pay back the bond with the new ? Can you imagine having gold on your balance sheet and counting it as like 40 USD an oz…😂
Re-evaluating the treasury's gold price to the market wouldn't pay the governments bill's for one year. Assuming the gold is actually still there. There is no alternative, they must print.
Remember when the US kept gold at $35? Other countries bought all the gold they could from the US, because it was worth a lot more than $35. Thats when Nixon said enough is enough and let US gold price float to world levels. So, that's why you can't just "change the value of gold." Even if you think price controls work...they don't. They really don't and always hurt those that put on the controls. Always.
His words match reality. This is the most precise analysis I have heard in a long time.
Bring this guy back soon and often. He is pretty crisp financially and has a good grip on the looming doom loop. 🎉
He is wrong in one thing. Ban of Japan said they will not hike as long as markets are stable. Now markets had a huge run up, than they can hike again...
@jancizmarik4345 No one gets it right. Life is messy, opinions are clean and neat ... and mostly wrong. Does not change good content ... however.
the kid is literally reading of a script...
@@moneroai Sure Fluffy. You try that. Waiting for your 15 seconds of fame ... errr ... flames.
Raise your hand if you think we will have a USD in 5 years?
Woot, my two long time favorite financial influencers in one broadcast, traditional media is dead. Applause.
When we finally see a 40% stock market crash Bitcoin will go down 60%
@@mrbmrb5822 a rude awakening awaits you
@@mrbmrb5822 Good. I'll load up.
Great conversation, thx so much!
I can’t stomach traditional media any longer, and I’m surprised that people still do.
Keep it up Kitco and thank you Michelle
I like listening to this kid. Fresh ideas without hearing the same old lines from "experts" who have said the same thing year in year out.
@@IamaNewCreature
… he could pass for 18 !!
(boyish )
Jack is next level.
@@IamaNewCreature exactly. He is not some boomer reciting the same doomsday warning week in week out for the last 2 decades
but there are holes in his thinking, USA are no longer in the box seat, bitcoin is not a currency that any country uses, USA this USA that, the world no longer fears USA, no longer cares USA, yes at present USA will affect things globally, but that could change very soon, Brics is growing, make a America great, only in their own eyes, Brics poses an enormous threat to the dollar reserve currency, the world looks toward America only as a "when will it crash", these are precarious times, the only thing certain is the uncertainty, empires crash, this empire will crash and burn, JADDP
Jack mallers is a legend nice one Michelle
Does Stike even hold people BTC one to one ?
Jack could be the next Sam Bankman Fraud 🤔
Legend? Paid Actor by the CIA
@@dsflat6785 You simply don't understand the difference.
"Legend" hahahha😅
If you can't hold it in your hand right now then you don't own it. Bitcoin needs electricity to exit and can vanish in less than a second.
Absolutely loved this interview. Not dry, plenty of personal anecdotes sprinkled in, including Michelle's matter of fact statement that she's a good dancer. Keep it up!
Maybe for the first time we saw her flirt just a little with her guest!! LOL! Loved it!!
Loved this guest. Even, balanced, non-biased. Terrific at transferring information to listener.
You're a great interviewer Michelle.
I love this woman
She doesn’t know about you 😂
So every straight man
Jack sees clearly and is an excellent Guide.
Michelle, thanks always for your grace, keen mind, and powerful questions.
Ugh, I forgot how brilliant this guy is.
his parents believed he was so bright that they called him . . . son
He didn’t say anything new really
But his parents did . . . son
Read the comments, fast-forward looking for older guy with at least a collar on his shirt, read the comments again, decide to listen anyway, pleasantly surprised.
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
Those calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well.
Well jade, my question is which stocks sectors should I consider adding to my individual fidelity, I intend to hold on for a decade or more.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
I genuinely think we are going all chips soon, seems like a lot of your interest is riding on this, I could really use your viewpoint.
We are in a fiscally dominate time which is also called Modern Monetary Theory without the taxation to bring down inflation. I like this guy.
How does Bitcoin solve anything? It's impossible to price and if you can't price it it's pure gambling. Nobody knows where crypto came from (save me the urban myth). It most likely is an invention by the 5 eyes plus Israel intelligence agencies to trick people into accepting a digital currency. This guy is just selling his book.
Pertinent point. Are we in a de facto MMT theory fiscal environment even though no official acknowledgment?
The inflation is the tax. It's a tax on everyone
No problem. Just keep printing!!
Thanks to this administration 😢😢😢 . Just wait to see the dominium machines from Venezuela give a victory to Kamala them we will be like them😢😢😢.
Can you imagine a piece of bread costing you $100 😅😂
@@majo9042You won't be like Venezuela. Venezuela will be joining BRICS soon where they can trade their enormous oil reserves free from illegal US sanctions 🎉🎉🎉
@@majo9042✅✅✅
Jack’s physiognomy is interesting …
Check out two sides of his face …..
Right side is dropped
Left side is elevated
Right (his) = the world
Left (his). =.the “divine”
“spirit” (God)
…this man’s emphasis is clearly with the “divine”.
This was very good, woof!!! Both Michelle and Jack took the perfect amount of space and made great points! Thank you Kitco
In times of increased dollar liquidity and sovereign debt concerns, there are several strategies investors might consider. For instance, investing in assets that tend to perform well during economic uncertainty, like gold or other precious metals, can be a good move
Precious metals can act as a hedge against inflation and currency fluctuations, while high-quality bonds might offer a safe haven compared to riskier investments
investing in sectors that are less sensitive to economic cycles, such as utilities or consumer staples, can provide more stability. Diversifying across different asset classes and geographic regions can also help mitigate risks
some investors might look into alternative investments like real estate or infrastructure that could benefit from increased liquidity
Diversification seems key in this environment. But with all this complexity, how can a financial advisor help in navigating these issues?
I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful
One of your best podcast ever. Great guest. Love the way you challenge every guest and force them to give you their best.
I love Michelle 😘
@@educaciónonline-1 she really is a good journalist
Yells from the back of the audience "I love her more!"
(I'm thinking of an Allison Krauss live album)
I’m sure she’s very infatuated with you as well
That was a bloody good show. Thank you Michelle.
The more I listen to Jack Mallers the more I want him to be more and more successful.
I believe in the power of BTC and have done for several years now. Do yourself a favour and buy some.
"It might catch on!"
It's average sorted gem
WE LOVE THIS MAN. thanks for having him on. HE NAILS IT with honesty and integrity
How? he is a kid promoting a faster collapse of the dollars, your society is a product of the dollars not of bitcoin, just look at how he began the interview all happy and was so sad by the time Michelle brought him back to the ground
You are probably the best interviewer, informed but curious
Congratulations on a fabulous program
Jack and Michelle…fantastic!
Been watching you for years and always appreciate your interviews and guest. Thank you Michelle. Keep up the amazing work. So much VALUE every time I tune in.
Michelle ❤. She's the best. I can listen to her for everything 😊
She always has a way of breaking things down and asking the questions I would want to ask! She knows her audience well!
I didn't come here for Taylor Swift jokes... but I appreciate them none-the-less.
😂😂😂😂.
Who is that boy Taylor Swift?
Came for the bitcoin sermon, stayed for the Taylor swift jokes.
I learned so much about money and Jack has really educated me about advantages and functionality of bitcoin. Makes so much sense. Michelle was a great advocate in thus interview 😊
Politicians were as down to earth as Jack Maller we would have had a beatiful country.
If people were as down to earth as Jack Maller then we would have a beautiful country.
Michelle, you are amazing, outstanding job outstanding
Thank you so much
Nice video coverage, in trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Shea Ardolf's valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!
Shea Ardolf program is widely available online..
Nice to see this here..Her expertise in technical analysis and chart interpretation has been instrumental in my trading success. ., she has definitely delivered solutions well above my expectations.
Thank you for the awareness here on youtube, it shows how much you want all traders to progress as I have been thinking of selling my btc.
Without a doubt! Shea Ardolf is a trader who goes above and beyond. She has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
The way Jack presented his thoughts on using bitcoin as a strategic reserve asset to back the currency to climb out of debt is excellent logic.
The interviewer asked excellent, intelligent questions. Well done!
Jack continues to be one of my favorite people in the Bitcoin space…
Honest talk great interview and superb job not talking over each other. First class interview as always
Great conversation. Spot on with all his views. USD liquidity event in the dial and ready to rock and roll the planet!!
I’m a conservative Republican and in the past I invested a lot of time consuming political news. I’m now disillusioned as I don’t see much difference between the parties. Now I spend that time studying bitcoin.
Hence Trump
I'm with you, Brother! I'm hopeful Trump wins and is as successful again as he was in his first term. But even if he doesn't, I believe WHOLEHEARTEDLY" in BTC, regardless who is in office! Fix the money, fix the world!!
@@davep7849and then Trump proceeds to appoint a deep state Never Trumper who has done nothing but piss off every woman he possible can to throw the election the way of the UniParty
@@stevehalverson790 dont expect politicians to solve your problems. The best they can do is to create an environment where individuals can create a good life for themselves. The rest is up to individuals. Of course, this lot of politicians can’t (or dont want to) even do that.
Left wing and right wing both belong to the same bird.
Love this young man’s perspective on Macroeconomics
He's a crypto fraudster.
He is spot on. The Treasury and The Fed are in no win situations! The ONLY answer is to debase the dollar! BTC to the moon!!
Best interview ever! Congrats.
Thank you Jack Mallers ( i've listened to ALL your podcasts) all of them including this one are WORTH it!
Jack is so good. He totally gets it.
Excellent interview, Jack is so eloquent with breaking down complex ideas into simple to understand terms.
I love this guy's positivity on Bitcoin. I hope it plays out.
Great interview. This guy is on top of his game and sees right thru the smoke unlike all other economists.
Maybe im just old and im probably wrong,but no matter how hard I try I cant see the longterm case for Bitcoin. Please convince me. A few thoughts… a fixed supply is actually a problem. 1) How does borrowing work. If you borrow in Bitcoin, do you pay interest in Bitcoin? If so, where do the new bitcoins come from to pay the interest. Do we build a fractional system on top of bitcoin as the reserve currency? 2) If GDP increases then the same amount of bitcoin is spread among more goods. Hence the price of goods fall relative to Bitcoin ie deflation. People would rather horde Bitcoin than spend it, because it will buy more in the future. Therefore even less Bitcoin is in circulation causing a vicious circle until everyone is hoarding and no one is spending bitcoin (kind of like now). You’re counter arguments are genuinely appreciated 😊
Some thoughts:
1. I don't think the optimal use case for Bitcoin has been established yet.
Is it digital cash? Is it digital gold? People may hold strong opinions on Bitcoin's proper function, but I don't think there's certainty on this topic yet. Time will tell.
2. On the issue of lending, Cantor Fitzgerald is now offering Bitcoin financing. So holding Bitcoin allows you to borrow not Bitcoin, but dollars. Maybe Bitcoin can co-exist with the dollar (I know some people might hate me for saying this).
3. It seems to me that the impact of technology on the free market is deflationary. Not only are we creating more efficient means of production, but more and more physical products are being made available in cyberspace; more and more hardware items are becoming software items.
Maps, calculators, flashlights, cameras, camcorders, telephone lines, TV cables, etc have all been dematerialized and are accessible through mini super computers we all have in our pockets.
Maybe it's best for our monetary system to move in the same direction that technology is taking us. Instead we have an inflationary monetary system that's created massive asset bubbles that are ripe for massive deflationary shocks that are certain to cause alot of pain. Perhaps the great depression and the great financial crisis wouldn't have been possible with a monetary system where deflation happens gradually on a set schedule that's set in code and you can plan around.
4. We don't know a world without fractional reserve banking. All we can do right now is theorize how things could work in another paradigm and speculate on whether things would be better or worse.
There's alot to say on this topic, but that's enough for now.
Your .missing the SATOSHI...factor...a Bitcoin can be split into a lot of SATOSHIs.. perfect....one Satoshi buy a Starbucks coffee....and perhaps..we can even go a percentage of a SATOSHI...so 21 million...by 10 million Satoshi..by percentage of satoshis...and ow..they cannot be counterfeited...and they are recognized around the world...seems perfect...just no derivatives...
That is not allowed.. period
It's something I wonder about too. I think the idea is that if there is only so much bitcoin then it is objectively valuable and everything else is subjectively valuable or valueless. There is still the problem of it only being objectively valuable through confidence, because it's obviously not an object.
Did you mention the intangibility factor? In my mind, with the advent of AI and advanced hacking, how come more people are. not talking about this issue? Does everyone believe BTC is un-hackable?
All of you guys missed the boat. Bitcoin is a network. The most powerful unstoppable unhackable uncontrollable network on earth. Every government has every incentive to stop it and they can't. That's something no government can simulate with any amount of money because Bitcoin is a singular event. It is the first Crypto.
Really Smsrt.
Our Future of America.
Well communicated.
Thank you. 🇱🇷
I like the idea of Bitcoin. But I like gold (and silver) more.
Keep studying.
You’re a boomer
You might like litecoin digital silver
Catch the game. They are creating a whole new ASSET class to get out of trouble. Check the charts of both gold and Bitcoin......no comparison. Gold has nothing to do with AI/TECHNOLOGY. This is the only way out.
Look at your infinite shiny rocks and try to bring them over borders in a huge amount
Thanks, Michelle you rock Jack
so fraudulent valuations run the world?
Welcome to the party pal 😂😂😂
It always has been
@@_JimmyBeGoodWell hey - that's why some people are here, to learn
The whole friggin' system is based on a ponzi scheme - fiat dollars!! As Greg Foss says, the US Dollar is just the prettiest horse in the glue factory!
@@michaelberico7141 Fiat exists with belief. As long as you believe it will stand just like anything else. All finances really are just based in belief.
Thank you for all your hard work!!
I’m SURE every member of congress wouldn’t buy up all the remaining BTC just before passing a “strategic BTC reserve”.😂
Great interview and guest, Michelle. Thanks!
I'll never let go Jack
😂😂😂😂
😂😂😂😂
Print me like one of your fiat currencies 😂
LOL!! Very clever!!
Very inspirational.
Hyperinflation is coming
No really bad inflation is coming but not hyperinflation at least here in the states. The dollar is the reserve and everything is pegged to it so it can’t hyper inflate.
@@_JimmyBeGood I beg to differ but we can agree to disagree. I hope you’re right
@@_JimmyBeGood Dollar about to get dumped
Hyperinflation is never going to come as long as the U.S holds the key to the money printer and the rate adjustment meter AND as long as other countries suffer in response to this key and meter.
53 people disagreed with you
He is brilliant. Thank you for the great interview.
When grandma Yellen hears this, she'll seize all of Jack's money.
Sounds funny but they are coming for all of us. There is no other way.
I wish her good luck, because Jack only owns Bitcoin
@@ascendrio👍👍👍
😭😂😭😂 Crying lol 💀
She can't, he holds eveything in BTC! His key, his coins!!
His understanding is different than others, he expression is a level above others yet the system is so complex few really understand the truth behind the manipulation behind all of it.
Great job Michelle!
Bitcoin better than gold? Bitcoin carries absolute risk whereas Gold does not
True, but BTC has out performed gold for 12 years. A healthy potion of AU and BTC is likely the best strategy for the next 5 years.
Bitcoin is safe. Gold has more risk to it. Way more.
Gold is real money with a track record of thousands of years. BTC is a novel and innovative product, however it's price is tied to fiat. If fiat fails so does BTC. Unfortunately BTC has no utility value, and the current narrative around BTC has almost nothing to do with why it was originally created.
Search for risk reward bitcoin fidelity chart, it's this graph of all assets, and bitcoin is way out on the edge at the end of a vast empty sheet of paper, with everything else clumped down near zero. The volatility is graphed on one axis, and the price gains on the other axis. Like he says, it's the best performing asset in the history of the world.
To say the least,it's volatile, you can't buy whatever you want with it,I mean try to buy gold bars or anything of any value with it,155mm Howitzer, fighter jets, cruise missiles,NONE of the goods that MEAN anything to me.
GoldFuturesMarket.
Nice explanation! Best guest you have had!
Always ecellent work Michelle!!
Congrats great interview
We are in a depression! Average people can't even afford groceries. Many people are fasting multiple days a week.
So true, this is worse than the Great Depression of the 1930's; and they call this a recession..how ridiculous!
That’s ok as 80% of the population is overweight.
Fasting is good for you
@@oliyahavrylov446true, too bad people are doing it out of necessity rather than choosing to do so.
@@oliyahavrylov446😂yes they are becoming more healthy and it is being for them. Most people don’t have the will power to do it. Inflation is giving them the gift of fasting.
Brilliant 💯
I’m an old fart I prefer conducting commerce with people not machines. It is a little odd how young people seem more touchy feely but not with their money. We older people would rather hold some Silver or Gold in our hand, maybe we are more touchy feely.
Great guest great interview
I absolutely loved this interview! Thank you for helping me understand I need to be in Bitcoin! I just wished I invested when my son told me about Bitcoin when it was only $13.00 per Bitcoin!
Liked this interview Michelle and please bring Jack back in the near future.
jack is simply the best, clear cogent thinking.
Well done Michelle, once again you showed that people should be careful about making flippant comments to you. You sobered him up quickly.
Michelle is the best at keeping us abreast of things.
Danielle de Martino puts forward more fullsome and well rounded points in every discussion.
@MystiqWisdom😂😂😂😂
Great Interview! Thx
I always wonder if he is broadcasting from an out of business shoe store.
Probably...or maybe a broken shirt store 😅
it's a closet
its like a "yes i have money but no i dont need anything vibe" lol
He just got off his shift at the car wash.
His closet@@jessicapae9642
Excellent Guest❤ very intelligent arguments
Get over it ,the USD days are fast approaching a sad ending.. as a reserve currency. Weaponising your currency is the final nail in the coffin.
This channel is so educative
This guy has drank the btc coolaid😂
And he's become richer with every sip.
😂 Bitcoin!! 😺 Baby!! 🐥💕🍼
@@shawnwolfe7577 And 🤡🇺🇲 🤑 so will you, Bitcoin Rollercoaster 🎢 Ride 🤔🌎👍❤️💯 Bitcoin Baby 🐥💕🍼💯
And your drinking Fiat water
True but. At least he's not pissing his life away on tic toc.
This is the best info interview I have heard so far till now. HODL much! Jack Mallers 🙌
This dude is really bright .
He's the best talking head in bitcoin for sure, super smart. There are some other smarter developers maybe, but they don't talk much.
Sounds like a smarted Sam Bankman Fraud to me, does Stike even hold any customer BTC ?
@dsflat6785 how about you get back to us with an answer if it is relevant to our future with crypto/block chain technology. Thanks in advance.
Great informative content Michelle. Keep up the good work keeping us informed.
Michelle's brain is dazzling!
Fantastic interview.
You both were awesome. Thoroughly enjoyed the conversation. Cheers ❣
Great 👍 job Michelle on this interview. Go $BTC 😊
How does bitcoin work when power is out
Doesn’t.
You can use a generator use send it by SMS. You can even run a bitcoin node on a generator with a satellite feed. So you don't even need the internet to verify bitcoin transactions. It's pretty popular in Venezuela where the internet and power grids are out all the fucking time. You can also use ham radio, but usually SMS is up.
Nodes are in every country in the world, so when the lights come back on, it’s business as usual.
Like in US or whole global power wipe out? If just US then no issue. if global power is out then bitcoin is least of your problems.
@@kekw9958Why do younot believe TPTB wouldn't dothis?
You can only sell your bit coin to someone who wants it. All these snake oil salesmen have traded their spend anywhere money to cryto and trying to sell it to you. All crytos will go to 0 one day. Just like NFTs and all the rest of the stuff. Gold is real houses are real they have real material uses. Cryto is an expensive spread sheet that's all.
High signal, great interview!
Clearer than every other guests! Congrats!
I love Jack.
Jack Mallers is brilliant and explains the importance of this new asset class is so important.
Gold 🏅 and Silver 🥈 🎉 🎊
I used to believe so too. But I sold all of both of them and bought more BTC! We're living in the digital age now! We need to own digital gold!!
Litecoin having a nice bounce digital silver
@@michaelberico7141SMART
Try go get that crap outside your country.. good luck
@@michaelberico7141smart guy
Absolutely great interview. All your questions were very informative and helpful. Well done.
Really great info condensed and understandable! However you do realize that Bitcoin is dollar denominated and you're telling us the dollar will be devalued... Soooo when Bitcoin goes to The Moon, And you decide to cash out in dollars to buy real things the dollars will be worthless.. so you're encouraging us to buy an asset that will go down in purchasing power but go up in nominal terms??? You realize that literally makes no sense because purchasing power is all that matters..
I'll stick with gold and silver and we'll see who comes out ahead.
I love how bitcoiners think that Bitcoin only has 21 million coins and a fixed supply yet now they offer derivatives which are unlimited so in essence Bitcoin is unlimited.. printable derivatives same as Fiat denominated in Fiat!! More of the same BS.
All the talking heads are literally telling everyone to buy physical gold and silver without telling everyone to buy physical gold and silver! Central Banks are buying more physical gold and silver than ever while telling you to buy paper or digital assets 🧐
And for those of you saying there's not enough gold and silver in the world for it to be transactable money... Please explain to me Goldbacks.. fractionalized gold and silver down to 1/1,000th of an ounce!!
Bank of international settlements reclassifying gold as the only other tier 1 asset in the world!! 🧐
I put my money on gold 24x to $60,000 an ounce far far before I see Bitcoin 24x from here to 1.5 million per coin..
The real story is we do not want currency we want money, totally different definitions look it up!! Bitcoin is not a free market price Discovery model now that there are derivatives offered on it! Derivatives are the tool for price control!! We should be talking about ending the derivatives market on the spot price of physical gold and silver that's been suppressed since 1971! Over 50 years of price suppression!! Buy the cheapest while most valuable asset, physical gold and silver!
If you refuse God's money physical gold and silver I hope you're ready to accept the food lines.
I agree as far as I can follow your arguments.
Until you can use BTC to buy eggs at the farmers market or pay the baby sitter with BTC and until it becomes as relatively non-volatile as a fiat currency like the Swiss Franc or USD, then its usefulness as a form of “money” will always be fatally compromised.
The last thing anyone wants is massive uncertainty that the money in your account was enough to fill up with gas but buy the evening it’s suddenly 20%!!
At the moment it seems to most closely follow the stock market!
Exactly. Seems so obvious, yet the computer generation doesn't want to believe it.
Bitcoin is more of a fiat currency than any fiat currency in the world. Subject to all the same fiat currency problems that bitcoiners cite as why they are getting into bitcoin.
The old saying "fiat currency is only worth the paper it was written on." Well, hell...Bitcoin doesn't even have that. Bitcoin is figuratively AND literally...nothing!
Without electricity, you have nothing. It all vanishes. Unless you have gold. That doesn't vanish and has been used without electricity since the beginning of human history.
To me, this is a no-brainer and I can't understand those who refuse to see it. Then I realize...85% of the American population opened their veins to the American govt and let themselves get injected with...who the hell knows? They sure don't. Like watching a twilight zone movie.
And then I understand bitcoin...
Welcome Jack! Thanks for coming on!
Can’t the treasury just ask the federal reserve to change the value of gold on the feds balance sheet essentially immediately devaluing the currency, but being able to pay back the bond with the new ? Can you imagine having gold on your balance sheet and counting it as like 40 USD an oz…😂
Exactly! why bother to build a reserve when we already have the gold and can just re-evaluate gold.
Re-evaluating the treasury's gold price to the market wouldn't pay the governments bill's for one year. Assuming the gold is actually still there. There is no alternative, they must print.
@@minchingood idea. The Chinese will buy it up.
Remember when the US kept gold at $35? Other countries bought all the gold they could from the US, because it was worth a lot more than $35. Thats when Nixon said enough is enough and let US gold price float to world levels. So, that's why you can't just "change the value of gold." Even if you think price controls work...they don't. They really don't and always hurt those that put on the controls. Always.
The US has finally come to terms with never owning Russia, so now they're building the Biggest Stack of BTC in the WORLD. Grandiose Ego, perhaps? 💯
So if they need to print money tons before the end of the year.
Then they need an excuse, an event has to happen.
Banking crisis, credit crunch, overnight lending rate shoots to the sky
It's already in the works. Monkey virus.
@@SilverWong-yo5iu Sadly war is always the best excuse to print fiat.
Superb interview
“Physical” bitcoin makes no sense
1st hand ownership
Actual
Non-custodian ownership
Self-held
But btc isn’t physical …ever
Jack Mallers for President! He speaks a lot of sense. I know I would vote for him!!
He is far to intelligent for the masses to understand or follow, their too busy watching Taylor Swift on Tic-toc.
The two best, in the space. Brilliant interview. Jack is so smart. Thanks Michelle 🤝🏻