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Bitcoin WILL HIT $5 Million per Coin (Michael Saylor AGREES) - YouTube
Channel: BitBoy Crypto
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real estate there's 10 billion 10
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trillion dollars worth of gold in there
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1 trillion in bitcoin
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the bitcoin is going to flip gold and
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it's going to subsume
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the entire gold market cap then it's
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going to subsume
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negative yielding sovereign debt and
[14]
other monetary indexes until it grows to
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100 trillion dollars
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once it gets to 10 trillion it'll its
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volatility will be dramatically less
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and as it marches toward 100 trillion
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you're going to see the growth rates
[28]
fall the volatility fall
[30]
and it's going to be a stabilizing
[31]
influence in the entire financial system
[34]
of the 21st century
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also guys if you enjoy videos like the
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one we're gonna do today
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where i react to interviews for maybe
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influencers or
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big bitcoin people make sure to smash
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the comments if you like this kind of
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video
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michael saylor recently said he believes
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bitcoin can go to
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a hundred trillion dollars in market cap
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so i decided to watch the interview for
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myself
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the first time through to see what i
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thought about it and give you guys my
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reactions
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michael i i read a really interesting
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piece yesterday just in terms of how
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we might be looking at this a little bit
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wrong those of us who follow stocks and
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know about reversions to the means you
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think
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that this is different because it's more
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like reversions to the meme now
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the mean that you're going to be
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reverting to is constantly growing it's
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happening
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as all of these new companies new
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investors are kind of buying into that
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so
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it's weird we've been telling you that
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for years the line is
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is one that's moving pretty sharply
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higher you agree with that theory
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the most important thing i'm saying
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about bitcoin is bitcoin is a bank
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and michael sailor has a much higher
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pitch voice than i remember
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cyberspace for people that don't have
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the ability to run their own hedge fund
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it's not a stock it's an asset class
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thank you i get i get so tired of
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hearing people
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that are new into crypto and look i
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understand there's a learning process
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but so many people call it a stock this
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is not
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stock this is something totally
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different it's an asset class
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like he's saying and when your friends
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call bitcoin at stock
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correct them and so you know if i put a
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billion dollars into a bank
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and then i came back a year later and i
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put another 10 billion dollars in the
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bank
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the bank is not overvalued by a factor
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of 10. the bank is just 10 times bigger
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people are using bitcoin to store their
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monetary energy
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for the long term and so uh the price
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is a reflection of the monetary energy
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in this bank in cyberspace
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okay i i have no idea what she's about
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to say i haven't seen this before
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but uh her mind should be blown right
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now let's see what she comes back with
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hey michael i just wanted to go back to
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a question about your holdings a bitcoin
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person
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oh yeah he skipped notice guys notice
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they skip right
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over everything he just said and the
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reason for this
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is because these traditional stock
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people in traditional wall street
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investors and the guys that are on these
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shows
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they can't comprehend it they do
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not understand it's like there's a
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knowledge barrier
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in between the new generation and people
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like michael saylor who are early
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adopters and understand
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in this mindset of you know stonks
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like that's what it boils down to they
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just get totally over what he just said
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and just go right to another question
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ridiculous definitely and and
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potentially the the holdings of members
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of the board or or executive uh
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executives in the management team and
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the reason i i raised
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you let me go back to this these are the
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lies that these people are telling
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the they hear someone on their show
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that's a vocal figure that's making
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incredible points
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about what bitcoin offers that other
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places do not offer
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and they just skip over you know why
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because they don't want to highlight
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their death
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this is the death of traditional finance
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that's why they skip
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over all the good points they try to
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make everything sound negative
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they make him try to sound crazy elon
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musk all these people that are putting
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treasury uh you know parts of their
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treasury is bitcoin they try to make him
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sound crazy
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this is i think there's a lot of
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companies now that are thinking about
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buying into bitcoin
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and yet there are their employees uh and
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or board members who are either
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uh own bitcoin already or buying in
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knowing perhaps that their company is
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gonna buy uh
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buy bitcoin uh how do you think about
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that from a legal perspective because
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insider trading oh god people know
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people are gonna buy bitcoin so they buy
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it
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guess what the whole world is starting
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to buy bitcoin once again just lined up
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the traditional way of seeing things
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the do you know what regulation is it's
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how to keep the haves to haves and the
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have-nots that have nuts
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that's what it's all about historically
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if one company was going to effectively
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buy another company
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it would actually be considered either
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illegal uh insider trading
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or just a breach of the fiduciary duty
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because effectively you'd be
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taking advantage of corporate
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information
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okay well the first thing to note is
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that bitcoin is property
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it's not a security and that's a very
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critical idea
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a property means you can own a house or
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you can own land
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and your company can also buy land with
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regard to public companies the key
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is to make sure that you have adequate
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disclosure of all your holdings that
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might be viewed as
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as a conflict of interest and so you can
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be sure that i went to great lengths to
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adequately disclose to every member of
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the board
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the exact extent of my bitcoin hold you
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know what's interesting looking at the
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micro strategy stock i mean i
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i i don't have my my finger on the pulse
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of the traditional stock market the same
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way i do a crypto but
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uh it looks like you know it took a
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pretty big dip when bitcoin took a dip
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so
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you know something pretty interesting
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i'd be interested to see the whole
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nasdaq
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new york stock exchange what those
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numbers look like but i'm just looking
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at the chart here
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and that's that's what i'm thinking
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about because i mean obviously it's in
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the red
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things before we even started to
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deliberate this uh you see bitcoin is
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bitcoin is the most widely held
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investment asset in the world right now
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we have congressmen we have senators
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we have members of government we have
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ceos we have hundreds
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plus million dollar 100 plus 100 million
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individuals out there that have it
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you're going to find that lots and lots
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of people have this property
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i i pretty interesting that's exactly
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what i said just a minute ago like guess
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what
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everybody's buying it and i do love this
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point about calling it uh you know
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earlier we're talking about being an
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asset class not a stock
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it's also different from a regular
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investment because you own it it's not a
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representation
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of something that's what the stock
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market is and you know once again all
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the derivatives and ious we talk about
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all the time i think that whenever
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you're running an
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institution be it a a charity an
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endowment a government institution
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a corporation the key is to make sure
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that you're very transparent
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in your holdings before you enter into
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deliberation
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that might impact that company
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right it's a trillion dollars so i i
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mean there's stocks that are a trillion
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dollars
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i'm trying to figure out what type of
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same thing of total market cap you'd
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need until
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you would look at me look at watch
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michael saylor's eyes
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is this guy tweaked out or what watch
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this guy right
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it's a trillion dollars so i i mean
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there's stocks that are a trillion
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dollars i'm trying to figure out what
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type of
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he's like what he's his eyebrows he's
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like he's like huh
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a trillion dollars huh stocks i already
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told you it's not the same thing
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cap you'd need until you wouldn't ask
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that question anymore michael i mean
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people
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with gold if a company decides it wants
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to put its treasuries in gold i don't
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think they'd ask the ceo oh did you buy
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some you know you're going to move the
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entire gold market but
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it's a much bigger mark but i'm
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wondering if there's a if there's a
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number
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where you don't ask that question where
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it becomes actually you know
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would you worry about would you worry if
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you if you went out the yield curve on
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bonds uh or if you went into
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corporates on your treasury would you
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have to make sure that
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it's real dramatic well then the music
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in the background buying corporates in
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the meantime i don't i don't know
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uh what do you think the number is at a
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trillion you could still almost make the
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case you can move that
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there's a 500 trillion dollar monetary
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planet
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and the outer layer is currency then
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you've got stocks bonds realest
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now what he says is actually incorrect
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um he he says 500 trillion
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but the 500 trillion number is
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literally not counting derivatives so
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really and truly
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the number is like 1.5 quadrillion
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because
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it's 500 trillion in like what we know
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as like the real estate market and
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corporate markets and the gold supply
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and bitcoin
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corporate structure stock markets all
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that put into one
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that is 500 billion approximately and
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then there's another quadrillion
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of uh of derivatives as well so it's
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actually even bigger than he's saying it
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is
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they there's 10 billion 10 trillion
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dollars worth of gold in there 1
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trillion in bitcoin
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the bitcoin is going to flip gold and
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it's going to subsume
[576]
the entire gold market cap then it's
[578]
going to subsume
[580]
negative yielding sovereign debt and
[582]
other monetary end indexes until it
[584]
grows to 100 trillion dollars
[586]
once it gets to 10 trillion it'll it's
[589]
volatility will be dramatically less
[591]
and as it marches toward a hundred
[593]
trillion you're going to see the growth
[595]
rates fall the volatility
[596]
fall and it's going to be a stabilizing
[598]
influence in the entire financial system
[601]
of the 21st century
[603]
wow i i gotta say i'm just so impressed
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with michael saylor i mean i i give him
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a hard time sometimes because
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uh you know he he loves the uh uh the
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the brown-haired version of himself we
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see everywhere when he's clearly
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silver fox like i am uh but you know
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he really hits this thing you know nail
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on the head
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or nails it on the head uh he
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definitely understands bitcoin he
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definitely understands
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where everything is going when he talks
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about a hundred trillion dollar market
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cap
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let me put that into perspective for you
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guys if you basically were to multiply
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19 uh or if you were to divide the
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market cap of 100 trillion by
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let's just call it 19 000 bitcoin or
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let's just say
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almost 20 000 bitcoin in the next 50
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years or so
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then you're looking at almost a 5
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million bitcoin in fact you'd actually
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be looking at slightly above
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a five million dollar bitcoin and you
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know i just thought
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as i was sitting here thinking about
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this i thought as i was sitting here
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thinking you guys know i love to do that
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and gold's market cap is 10
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trillion dollars in my opinion
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bitcoin is at least 10 times better than
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gold i mean
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there's so many reasons we controlled it
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we designed it we didn't design gold
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bitcoin was designed to be the optimum
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form of
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money and value this is you know society
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culture civilization has
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ever seen and so from that perspective i
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can definitely see
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you know the total value of bitcoin
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getting maybe to that 100 trillion
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dollar market cap down the road
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it will certainly flip the gold market
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there's no question about that
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it can absorb the gold market as well i
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think 20 million dollars or
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excuse me 20 trillion dollars i think is
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a pretty achievable number for bitcoin
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uh in the next 10 years a hundred
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trillion there
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would have to be some things that would
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happen to bring the derivatives market
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over you know to bitcoin i think a lot
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of that is going to go
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to ethereum through ethereum cardano
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polkadot elrond a lot of these projects
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uh you know even cosmos and teslas will
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probably play a role in that
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and maybe some that we don't even know
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but i do think that bitcoin
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to five million dollars with a hundred
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trillion dollar market cap
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it is possible but i lean much more over
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to i think
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20 trillion dollars is almost a slam
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dunk i think a one million dollar
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bitcoin
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is a slam dunk on the next bull run you
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know we're definitely going to see a
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bull cycle
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another bear market we're in a bull
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cycle now we're going to see another
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bear market and then we will see
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uh you know what i believe to be another
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bull market in about five years
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four to five years and uh you know i
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think bitcoin can get to a million on
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that run as long as it gets up above six
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figures
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on this run so let me know what you guys
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think about michael saylor drop your
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comments down below
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listen guys let's get michael saylor
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on the show i'm going to put a tweet
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together everybody go make sure you go
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like and retweet
[782]
that let's get michael saylor to come on
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and talk bitcoin i want to chat with him
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uh he's a he's a pretty heady fellow and
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i definitely want to pick his brain on
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some stuff
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and i really wonder what it's like to
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kind of be up against the mainstream
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finance world all the time like he is he
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is a trailblazer
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for sure so drop those comments down
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below that's all i got be blessed
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boy out
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[Music]
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you
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