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Why Billionaire Thinks the Dollar’s Future Is in Trouble · Earn Your Leisure

• 0:00
  Speaker 1: Let's talk about Bitcoin.
• 0:01
  Speaker 2: 86,000.
• 0:02
  Speaker 3: Our first investment in Bitcoin, it was $ 5, 000. So it's
• 0:07
  Speaker 3: been very interesting to see Bitcoin and cryptocurrency rise through
• 0:16
  Speaker 3: the years. It's been a very rollercoaster ride. It's been
• 0:21
  Speaker 3: a very rollercoaster ride, like I said, from, I mean,
• 0:25
  Speaker 3: you know, obviously Bitcoin people, some people got in at $ 100,
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  Speaker 3: but When I started to pay attention to it, it
• 0:30
  Speaker 3: was 5,000. Then we got into crypto heavy around that
• 0:34
  Speaker 3: time and it crashed. It went to 20,000 and it
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  Speaker 3: crashed and Bitcoin went back up to 20, 30 to
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  Speaker 3: 40 and then back forth and reached $ 120, 000. Then came back.
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  Speaker 3: I've always remained consistent. I think what my Bitcoin take
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  Speaker 3: that I think Bitcoin is going to reach a million
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  Speaker 3: dollars one day and it's.
• 0:56
  Speaker 1: Here to stay. It's very resilient.
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  Speaker 3: It's lasted every storm that was thrown at it. Every
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  Speaker 3: government regulation, everything that has happened that could have potentially
• 1:12
  Speaker 3: tanked Bitcoin, it has not succeeded. It's been very resilient.
• 1:21
  Speaker 3: And in the face of even more, what people would
• 1:27
  Speaker 3: deem as adversity, probably, with the recent happenings of last week.
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  Speaker 3: And it's rallying again. And 86,000 just pulled back a
• 1:39
  Speaker 3: little bit from 86,000, but the mighty Bitcoin has proven
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  Speaker 3: once again why it reigns supreme. So what do we
• 1:54
  Speaker 3: think about Bitcoin at 86,000. It's a, it's a key number.
• 2:01
  Speaker 4: I think it being at 86,000, I think it brings
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  Speaker 4: it out to just under 1% year to date. But
• 2:09
  Speaker 4: if you look at it from a technical standpoint, shout
• 2:11
  Speaker 4: out to staff. I know she put this in there.
• 2:12
  Speaker 4: I was watching the charts as well. You can see
• 2:14
  Speaker 4: the move or the momentum of it, of it climbing.
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  Speaker 4: I think we, I got it pinned at like 93,000
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  Speaker 4: as the.
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  Speaker 2: Next key level to, to see where it gets at.
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  Speaker 4: But again, you, People are shorting Bitcoin and have been
• 2:27
  Speaker 4: shorting Bitcoin and have been shorting Bitcoin related ETFs. And
• 2:31
  Speaker 4: so again, when contracts expire, like they did on Friday,
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  Speaker 4: you look at those- That short squeeze. That short squeeze
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  Speaker 4: is a real thing. And so you saw $ 593 million
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  Speaker 4: that flowed into US Bitcoin ETFs today. That's 600 million
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  Speaker 4: in a day into Bitcoin ETFs.
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  Speaker 1: Why?
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  Speaker 4: Well, that Bitcoin winter, If you follow its historic patterns
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  Speaker 4: and you're looking at it from a technical standpoint, it
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  Speaker 4: looks like it's getting back to that line where we're
• 3:02
  Speaker 4: going to see sort of a bullish run here. So
• 3:05
  Speaker 4: that's important. And then you see institutional investors starting to
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  Speaker 4: put more money back in. So you saw Michael Seller
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  Speaker 4: today buy 950 Bitcoin at a retail price of 75 million.
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  Speaker 2: Don't start.
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  Speaker 1: I know last week was like that.
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  Speaker 4: It almost felt like here's the doom, but kind of
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  Speaker 4: like what you're saying, Shadi, is that when storms are
• 3:27
  Speaker 4: thrown at it, it kind of debunks the storms, right?
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  Speaker 4: The Clarity Act was supposed to be, oh, here's the
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  Speaker 4: legislation that's going to pass it.
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  Speaker 2: It fails.
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  Speaker 4: It was down for the day on Wednesday, and now
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  Speaker 4: look at what it's done, right? Even though it didn't pass,
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  Speaker 4: the SEC didn't say, like, hey, we're going to.
• 3:43
  Speaker 2: Find a way to get around it.
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  Speaker 4: I know it's a political thing, Democrats, but they said, look,
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  Speaker 4: we're still going to find a way to make this
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  Speaker 4: thing work. And that talks about the resilience and the
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  Speaker 4: current administration saying, hey, we have to make this happen.
• 3:57
  Speaker 4: Let's figure out how we can make it happen, which
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  Speaker 4: is all good signs for Bitcoin. So like I said,
• 4:02
  Speaker 4: I think it's going to go a bit higher here.
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  Speaker 4: $ 93, 000 would be a key level to watch. But yeah, man,
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  Speaker 4: it's here to stay.
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  Speaker 5: Stop playing short-term games with long-term assets. Rashad and I
• 4:13
  Speaker 5: are going to talk about this Wednesday. There is a
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  Speaker 5: short-term traders pandemic that I think is being used as
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  Speaker 5: a psyop to get us to not want to hold
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  Speaker 5: assets for a long period of time. For anyone who's short,
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  Speaker 5: any asset that matters, why? You're not going to make
• 4:31
  Speaker 5: as much money as you think, and if you just
• 4:33
  Speaker 5: hold long-term. My answer for everything, once I get the
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  Speaker 5: AI figured out and just say 10-year hold for anything
• 4:40
  Speaker 5: you love, we're.
• 4:40
  Speaker 2: Really going to have a 45-minute show.
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  Speaker 5: I think we could potentially pull back to $ 71, 796, maybe
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  Speaker 5: a month or two, three months. That's the level I
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  Speaker 5: like to buy. But I agree with the 90,000 assessment.
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  Speaker 5: I think by maybe next year we should be in
• 5:00
  Speaker 5: the 101-something area. But hold for long-term. I don't want
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  Speaker 5: you guys to trade these assets short-term. I want you
• 5:08
  Speaker 5: to hold them long-term. And how much from that 20,000
• 5:12
  Speaker 5: level are you up? Because I see some of y'all
• 5:15
  Speaker 5: online trying to rewrite history. And that's fine. But you
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  Speaker 5: can't rewrite your net worth, my boy. Respect me with
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  Speaker 5: love from the bottom of my heart.
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  Speaker 2: Dayama. Hold for the long term, y'all. Invest or die. Shadi,
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  Speaker 2: I'm fed up, y'all. I'm fed up, y'all. I ain't
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  Speaker 2: going to lie.
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  Speaker 5: I'm taking the villain role back. You go back to
• 5:36
  Speaker 5: being a good guy. Por favor. Can I be the villain?
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  Speaker 2: Oh, no. Sure. Sure. Sure.
• 5:43
  Speaker 5: Just for a couple weeks. Are Ian and Rashad now fighting? Danny,
• 5:48
  Speaker 5: don't start. And conspirator. Yes, I know Michael Saylor's up 40%
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  Speaker 5: in a month. but it has quite a way to
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  Speaker 5: go to get back to it. But I will say
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  Speaker 5: this about Saylor favorably though. I don't like the collusion
• 6:03
  Speaker 5: by certain entities against micro strategy. I will say that
• 6:09
  Speaker 5: in fairness, the stock should be a hell of a
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  Speaker 5: lot higher given the rise in Bitcoin, but the pressure
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  Speaker 5: that he's facing from certain institutions is, It's going to
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  Speaker 5: make that hard to do, but the stock should be
• 6:24
  Speaker 5: a hell of a lot higher.
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  Speaker 3: Back to you, Trevor. Yeah, focus on your money, man.
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  Speaker 3: Get your money right. If I would advise anybody, I
• 6:35
  Speaker 3: would say just focus on that right now. Everything else
• 6:40
  Speaker 3: you could figure out later on, and your health. Focus
• 6:43
  Speaker 3: on your health and your money. But if you're not
• 6:48
  Speaker 3: focused on your money, It's going to be really, really, really, really.
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  Speaker 1: Dark. It's going to be good and dark.
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  Speaker 3: Dark space for you because the cost of inflation, everything
• 7:00
  Speaker 3: is going up. When you look at housing, when you
• 7:03
  Speaker 3: look at school tuition, when you look at groceries, when
• 7:05
  Speaker 3: you look at travel, you can't even travel. You can't
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  Speaker 3: even escape. It's going to be like a prison that
• 7:10
  Speaker 3: you can't even get out of right now. They got
• 7:12
  Speaker 3: plane tickets that's looking like.
• 7:14
  Speaker 2: It's $ 1, 000 on the same coast. To Florida.
• 7:19
  Speaker 1: To Florida. See, I don't know.
• 7:22
  Speaker 2: L.A. It's like, why?
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  Speaker 5: They destroyed spirit intentionally.
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  Speaker 3: And we just spoke to somebody that's a billionaire earlier today.
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  Speaker 3: And he said a billion is not what it used
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  Speaker 3: to be.
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  Speaker 2: Hello. I haven't got to that beat, but hello.
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  Speaker 3: And he also said, we was talking about, obviously the
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  Speaker 3: debt in America. And he was saying that, you know,
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  Speaker 3: that's how countries start to unravel is that, you know,
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  Speaker 3: the debt just gets out of control. And he said
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  Speaker 3: that there's really no way out of it because the
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  Speaker 3: only way out of it is to increase taxes and
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  Speaker 3: nobody wants to do that or to cut spending and
• 8:00
  Speaker 3: nobody wants to do that. So he said what probably
• 8:02
  Speaker 3: will happen in his opinion is that the American currency
• 8:06
  Speaker 3: has to get devalued sharply. I think Japan actually did
• 8:12
  Speaker 3: something like this, but America is going to have to
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  Speaker 3: devalue its own currency.
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  Speaker 1: Like purposely devalue.
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  Speaker 2: His own currency. Did he say to what level? No.
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  Speaker 1: Sharply levels. Sharply levels. So if that does happen, right?
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  Speaker 3: If the currency is devalued sharply, you don't think that
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  Speaker 3: they're going to just start making homes cheaper. Or they're
• 8:37
  Speaker 3: going to just start paying people more money. So if
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  Speaker 3: this is somebody that's one of the smartest people in
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  Speaker 3: the world, And he's also one of the richest people
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  Speaker 3: in the world. By the way, it's not just a
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  Speaker 3: random conspiracy theorist on YouTube. He said his theory is
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  Speaker 3: that over the next 20 years, the American currency will
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  Speaker 3: be devalued sharply on purpose.
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  Speaker 1: That's alarming.
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  Speaker 5: I keep saying it 25 to 30 number for a reason.
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  Speaker 5: I don't want to be a propagandist or look like
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  Speaker 5: I'm trying to go viral. But if they degrade the
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  Speaker 5: money at 25% a year, allegedly, by 2033, if you
• 9:18
  Speaker 5: start to look at what the million was, it tells
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  Speaker 5: you what level we'll be at.
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  Speaker 3: And somebody says that's bullish for crypto. Yeah, it would
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  Speaker 3: be bullish for Bitcoin if you believe in Bitcoin. That's
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  Speaker 3: one of the things that has always... If you look
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  Speaker 3: at Bitcoin's chart versus the American dollar chart, if you
• 9:37
  Speaker 3: look at any assets chart, gold, stocks, Bitcoin... look at
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  Speaker 3: their chart versus the American dollar's chart. And then if
• 9:46
  Speaker 3: you look at those charts versus the American dollar's chart,
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  Speaker 3: then you understand that you really have no choice but
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  Speaker 3: to invest because the American dollar goes down over the
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  Speaker 3: course of time, all these other things go up. And
• 10:01
  Speaker 3: if this theory holds true, American dollar is going to
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  Speaker 3: go down a lot.
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  Speaker 5: And the last time we had a billionaire make a
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  Speaker 5: prediction pre-election, all of those things came true.
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  Speaker 1: That's a fact. 100%.
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  Speaker 2: Novo, four for four.
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  Speaker 1: That was Mike Novogratz last time. And this is a
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  Speaker 1: different person.
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  Speaker 3: This is another billionaire, but Mike Novogratz definitely predicted a lot.
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  Speaker 2: The spending, the level of debt use, value of crypto.
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  Speaker 5: You have to listen. When they're at that level, there
• 10:36
  Speaker 5: are things that they know. It's different rooms and different
• 10:39
  Speaker 5: access to different information. I can't wait for the interview
• 10:42
  Speaker 5: to come out though.
• 10:43
  Speaker 1: Yeah, it's going to be, it's classic.
• 10:45
  Speaker 3: It's a straight, 60, 70 minutes of just gems, all gems, like.
• 10:51
  Speaker 1: Back to back to back to back to back.
• 10:53
  Speaker 3: So, you know, we, we have been fortunate enough to
• 10:57
  Speaker 3: be privy with some, some real cool relationships and everything
• 11:03
  Speaker 3: that we learn, we tell you guys. So no gatekeeper,
• 11:08
  Speaker 3: no fee when day, cause it's like day, like when you,
• 11:13
  Speaker 3: when you talk to like day, cause there is a day, Like,
• 11:18
  Speaker 3: let's just be very clear about that.
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  Speaker 1: There's a they.
• 11:24
  Speaker 2: Yeah, but there's a we. There's a we.
• 11:28
  Speaker 1: No, but there's a they. There's a they.
• 11:31
  Speaker 2: For sure.
• 11:33
  Speaker 3: When we talk to they, we provide the information to
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  Speaker 3: Market Mondays.
• 11:39
  Speaker 2: That's a fact. Learn today, teach today. That's been a...
• 11:43
  Speaker 2: But you know what y'all should do? You should go
• 11:45
  Speaker 2: find billionaires to talk to and then give it back
• 11:47
  Speaker 2: to the people.
• 11:48
  Speaker 1: That's a great idea.
• 11:49
  Speaker 2: Yo man. You ever thought about doing that Rashad? That's
• 11:53
  Speaker 2: a revolutionary idea.
• 11:54
  Speaker 1: That's a revolutionary idea. Donations.