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Bitcoin $100,000 After Election?🚀 Mark Yusko INTERVIEW🔥 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Barren. Welcome back in a tech path.
• 0:08
  Speaker 1: I want to thank our sponsor today and that is Coinbase.
• 0:10
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• 0:12
  Speaker 1: the first time, or maybe you are a seasoned investor,
• 0:15
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• 0:17
  Speaker 1: go to for your crypto exchange. And of course the
• 0:21
  Speaker 1: future of money is here. It's easy both for businesses
• 0:23
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• 0:26
  Speaker 1: link to get two hundred bucks in crypto to sign
• 0:28
  Speaker 1: up and get started. Let's go over to it today.
• 0:31
  Speaker 1: I've got Mark Usko coming in from Morgan Creep Capital,
• 0:34
  Speaker 1: one of our favorite guests.
• 0:35
  Speaker 2: How are you, Mark, I'm doing great. Thank you for
• 0:38
  Speaker 2: the kind introduction. Paul, great to see you as always.
• 0:41
  Speaker 1: Yeah, so I hear you. You've got a lot of
• 0:43
  Speaker 1: news to talk about too, so I want to get
• 0:45
  Speaker 1: into that about what Morgan Creek is doing. I do
• 0:49
  Speaker 1: want to kind of kick off today with a clip,
• 0:52
  Speaker 1: and this is a clip of course our one of
• 0:54
  Speaker 1: our favorite people, mister Larry Fink, talking about FED rates
• 0:58
  Speaker 1: and inflation. Listen in before the Fed finishes this year,
• 1:02
  Speaker 1: when you expect a twenty five basis point, right, cut
• 1:05
  Speaker 1: or a fifty basis point or you don't know.
• 1:08
  Speaker 3: I think it's fair to say we're going to have
• 1:09
  Speaker 3: at least a twenty five. But that being said, I
• 1:11
  Speaker 3: do believe we have greater embedded inflation in the world
• 1:14
  Speaker 3: than we've ever seen. We have government and policy is
• 1:17
  Speaker 3: much more inflationary, whether it's immigration, excuse me, our policies
• 1:25
  Speaker 3: of on shoring, all of this. No one is asking
• 1:28
  Speaker 3: the question at what cost Historically we were I would
• 1:32
  Speaker 3: say more consumer driven economy, that the cheapest products were
• 1:36
  Speaker 3: the best and the most progressive way of politicking. Today,
• 1:40
  Speaker 3: I think we have governmental policies that are embedded inflationary.
• 1:44
  Speaker 3: And with that being said, I think we're going to
• 1:48
  Speaker 3: We're not going to see interest rates as lowest people forecast, all.
• 1:52
  Speaker 1: Right, So a couple of things there to unpack. Mark
• 1:54
  Speaker 1: one thing, This kind of aligns a little bit with
• 1:56
  Speaker 1: what Paul Tudor Jones stated a couple of weeks ago,
• 1:59
  Speaker 1: and basically everything leads to inflation. If you look at
• 2:03
  Speaker 1: that and where we are currently with the FED potential
• 2:06
  Speaker 1: policy of cutting rates, do you think the FED is
• 2:08
  Speaker 1: going to follow through all the way into this time
• 2:11
  Speaker 1: next year?
• 2:13
  Speaker 2: So I said lots to unpack here. I mean, I
• 2:17
  Speaker 2: actually think it's a pretty bad misnomer to call it inflation, right.
• 2:24
  Speaker 2: Inflation is created when there's excess demand for limited goods.
• 2:28
  Speaker 2: And Larry's point on deglobalization, Yeah, that's absolutely true. If
• 2:35
  Speaker 2: we're gonna get more protectionists and we're gonna have tariffs
• 2:38
  Speaker 2: and we're gonna do all these things, those will raise prices,
• 2:43
  Speaker 2: and they'll make goods harder to get more scarce resources
• 2:47
  Speaker 2: prices rise. Okay, that's fine, but that's not what we're
• 2:50
  Speaker 2: talking about here. That's not why the Fed is cutting
• 2:52
  Speaker 2: interest rates, that's not why global liquidity is surging. This
• 2:57
  Speaker 2: is just a race to the bottom. Paul is currency devaluation.
• 3:02
  Speaker 2: It is theft, right that this idea that inflation is
• 3:07
  Speaker 2: somehow good for us makes no sense at all. Right,
• 3:12
  Speaker 2: So what Larry is really talking about is the reason
• 3:16
  Speaker 2: you need to own hard assets gold, silver, platinum, diamonds,
• 3:21
  Speaker 2: you know, collectible art, et cetera, or better bitcoin, digital
• 3:26
  Speaker 2: gold is to protect you from the ravages of this
• 3:32
  Speaker 2: thing that we call inflation. So somehow convincing the world
• 3:36
  Speaker 2: that the FED has your back and it's you know,
• 3:39
  Speaker 2: it's doing things to protect you and manufacturing this inflation.
• 3:43
  Speaker 2: That's good, so you'll get a two percent wage raise,
• 3:46
  Speaker 2: you know, cost of living adjustment. It's all a lie.
• 3:49
  Speaker 2: It's literally a lie, and it's a gigantic life. It's
• 3:52
  Speaker 2: been perpetuated for centuries. Yeah.
• 3:54
  Speaker 1: Well, I think that a lot of people are starting
• 3:57
  Speaker 1: to come to that realization just because it's happened in
• 3:59
  Speaker 1: such an accelerated manner. Like you mentioned, most of the time,
• 4:03
  Speaker 1: in inflation over the past twenty years has been very
• 4:05
  Speaker 1: slow and lethargic. Now we've seen it really accelerated, and
• 4:09
  Speaker 1: I think that's why everybody's kind of running for the door. Obviously,
• 4:12
  Speaker 1: we've seen everything from bricks nations developing to now gold skyrocketing,
• 4:17
  Speaker 1: Bitcoin taking off over the last couple of days prior
• 4:19
  Speaker 1: to this election. You look at the election currently a
• 4:23
  Speaker 1: fueling bitcoin's volatility. Option traders now targeting around eighty k.
• 4:27
  Speaker 1: Most likely this could see considerable amounts above that, pending
• 4:31
  Speaker 1: on which candidate wins. I'm kind of curious when you
• 4:33
  Speaker 1: look at bitcoin right now, we'll go end of year.
• 4:36
  Speaker 1: If you think end of year prediction for twenty twenty
• 4:38
  Speaker 1: four bitcoin in a Trump administration versus in a Harris administration.
• 4:44
  Speaker 1: How would you play that out from a price prediction?
• 4:48
  Speaker 2: But every year we do this ten surprises, and in
• 4:50
  Speaker 2: that I said that, you know, contrary to popular belief,
• 4:54
  Speaker 2: bitcoin would would have a breakout year post having and
• 4:59
  Speaker 2: into this Thanksgiving period we would likely see six digits.
• 5:04
  Speaker 2: I think we'll be well into six digits, you know,
• 5:07
  Speaker 2: is it one and ten, one hundred and twenty, one
• 5:08
  Speaker 2: hundred and thirty, I don't really know. And why what
• 5:12
  Speaker 2: was the basis for that? Well, we had a having event, right,
• 5:16
  Speaker 2: which is where the block rewards get cut in half,
• 5:18
  Speaker 2: and that happens every four years. Now, it's interesting about that.
• 5:22
  Speaker 2: It's one of the most ingenious things in the code.
• 5:26
  Speaker 2: And there's a lot of ingenious things in the hardcode
• 5:28
  Speaker 2: of bitcoin, but it's really ingenious that every four years
• 5:33
  Speaker 2: you motivate an event that causes price.
• 5:37
  Speaker 1: To rise exactly.
• 5:39
  Speaker 2: Well, as soon as the price starts to rise, what
• 5:41
  Speaker 2: do human beings do. We chase momentum. So the momentum
• 5:46
  Speaker 2: followers come in and that pushes price further and then
• 5:49
  Speaker 2: we get what I call the Thanksgiving effect. Now, I
• 5:53
  Speaker 2: think this Thanksgiving will be the best Thanksgiving ever because
• 5:57
  Speaker 2: it's going to happen. I believe this Thanksgiving is the
• 6:01
  Speaker 2: network value today is somewhere in the called the high
• 6:05
  Speaker 2: fifty thousands. Well that was the having event occurs, so
• 6:10
  Speaker 2: the network value should double. Normally we double from the
• 6:16
  Speaker 2: low fifties to well over one hundred. I think this
• 6:19
  Speaker 2: time we go from the fifties to that eighty number
• 6:23
  Speaker 2: that people are talking about it. But that's the fair value.
• 6:27
  Speaker 2: The fair value is going to be somewhere in the
• 6:29
  Speaker 2: eighty thousands. But we'll go right through fair value during
• 6:33
  Speaker 2: this whole Thanksgiving you tell two friends and they tell
• 6:36
  Speaker 2: two friends, and so on and so forth, like the
• 6:38
  Speaker 2: Brett commercial. And I think between kind of Thanksgiving and
• 6:44
  Speaker 2: December we're likely to see and it might even run
• 6:48
  Speaker 2: into the first part of the new year. We're likely
• 6:50
  Speaker 2: to see the same type of parabolic move that we
• 6:54
  Speaker 2: saw in each of the previous cycles. And to answer
• 6:57
  Speaker 2: your question, if Trump wins, you know, we'll see what happens.
• 7:01
  Speaker 2: But it looks good. He's basically said, look, I'm gonna
• 7:07
  Speaker 2: be pro crypto. I don't think he may actually be
• 7:10
  Speaker 2: pro crypto. I think his kids are, but I think
• 7:12
  Speaker 2: he's smart enough to see you two hundred and sixty
• 7:15
  Speaker 2: million people that owned this thing around the world. If
• 7:17
  Speaker 2: I make them happy, they'll vote for me. That that works,
• 7:21
  Speaker 2: not all of them in the US, but I think
• 7:23
  Speaker 2: he figured that out. So he's talked about things like
• 7:25
  Speaker 2: a strategic bitcoin reserve that would be hugely beneficient for
• 7:30
  Speaker 2: preg Harris. On the other hand, you know why she
• 7:35
  Speaker 2: didn't jump on the bandwagon, I don't know. I mean,
• 7:38
  Speaker 2: ideologically she didn't want to piss off the Elizabeth Warren crowd.
• 7:42
  Speaker 2: I don't know. Huge mistake in my mind.
• 7:44
  Speaker 1: I think she is an odd situation of voters.
• 7:49
  Speaker 2: Being a political candidate and saying I don't like bitcoin
• 7:53
  Speaker 2: alienates a large voting block that likely is going to
• 7:59
  Speaker 2: swing swing the election.
• 8:01
  Speaker 1: Well, I think a lot of people are looking at
• 8:03
  Speaker 1: the Harris camp if they were to get in that
• 8:06
  Speaker 1: we could see literally a choke point three point zero,
• 8:10
  Speaker 1: you know, something that's more accelerated. Uh, And that of
• 8:13
  Speaker 1: course would have an impact on the crypto market, especially
• 8:16
  Speaker 1: digital assets overall. Obviously that yes, yes, I.
• 8:20
  Speaker 2: Totally agree with you short term, and she claims that
• 8:24
  Speaker 2: she would leave Gary Gensler in who you know, just
• 8:28
  Speaker 2: based on data and it's probably not a good idea.
• 8:32
  Speaker 2: For me to criticize the guy that regulates me. But
• 8:34
  Speaker 2: but based on data, probably the worst sec chair we've
• 8:38
  Speaker 2: we've had in a long time. There probably were some
• 8:41
  Speaker 2: before I was born that were worse, but but really
• 8:43
  Speaker 2: bad on the data, just on the data. She said,
• 8:49
  Speaker 2: you know, Ms Warren, John Deaton should beat Elizabeth Warren.
• 8:54
  Speaker 2: But my guess is, you know, something will happen and
• 8:57
  Speaker 2: he won't won't win, but he's way more qualified as
• 9:01
  Speaker 2: a candidate. He's me super great guy. Would you know
• 9:06
  Speaker 2: if I lived in mass use As, I would vote
• 9:08
  Speaker 2: for him tomorrow. But hopefully he'll win, but he you know,
• 9:12
  Speaker 2: my guess is Elizabeth finds a way to get it done.
• 9:17
  Speaker 2: But not wanting to tick off that base I just
• 9:23
  Speaker 2: think is a mistake. If Harris were to win, I
• 9:28
  Speaker 2: do believe we'd have a selloff MBTC short term. A
• 9:34
  Speaker 2: Harris win would be wildly better for Bitcoin long term,
• 9:40
  Speaker 2: but horrible for the rest of us because the idea
• 9:44
  Speaker 2: that you can print money out of thin air forever
• 9:49
  Speaker 2: and the value will increase is so illogical. It but
• 9:55
  Speaker 2: she's convinced them that it does work. And yet here
• 10:00
  Speaker 2: we are, Like you said, gold at all time high
• 10:02
  Speaker 2: prices real estate and stocks quote unquote at all time highs. Oh,
• 10:07
  Speaker 2: but here's the weird thing. Stocks are only at highs
• 10:11
  Speaker 2: if we value them in toilet paper in dollars. If
• 10:16
  Speaker 2: we value stocks in gold, they're the same price today,
• 10:20
  Speaker 2: Paul As nineteen ninety six.
• 10:23
  Speaker 1: So you said some things there, I think that are
• 10:25
  Speaker 1: interesting in the sense of Trump when yes, we're going
• 10:29
  Speaker 1: to see a potential boom cycle within crypto, maybe not
• 10:33
  Speaker 1: because he loves it, but because he's just opened to it.
• 10:36
  Speaker 1: The Harris campaign. You're thinking it's probably going to be
• 10:38
  Speaker 1: good for bitcoin long term, but not necessarily great for
• 10:41
  Speaker 1: digital assets coming to the US, which is innovation.
• 10:45
  Speaker 2: Innovation will go offshore, regulation will increase more fines.
• 10:51
  Speaker 1: I think the key here, and you hit on a
• 10:53
  Speaker 1: lot of good points there around the valuation and devaluation
• 10:56
  Speaker 1: of the dollar. I want to get into that in
• 10:57
  Speaker 1: a minute. One thing that we are seeing though on
• 11:00
  Speaker 1: Wall Street is they're also kind of coming to the party.
• 11:04
  Speaker 1: You look at what Garassi said here Daily Spot bitcoin
• 11:07
  Speaker 1: ETF stats over the past twelve trading days four billion
• 11:12
  Speaker 1: repeats that four billion for contacts, less than ten percent
• 11:15
  Speaker 1: of the thirty eight hundred ETFs in existence even have
• 11:19
  Speaker 1: four billion in total assets. And this happened in the
• 11:22
  Speaker 1: last twelve trading days. So it's clear that Wall Street
• 11:26
  Speaker 1: and the hedge funds have made their selection here. It's
• 11:29
  Speaker 1: going to move in this direction. We'll most likely see
• 11:32
  Speaker 1: more and more advancements in this area. The two things
• 11:36
  Speaker 1: that everybody's looking at right now bitcoin and gold, both
• 11:39
  Speaker 1: of which are now on the move. If you look
• 11:41
  Speaker 1: at the trade comparisons right now, here's gold versus bitcoin.
• 11:45
  Speaker 1: Gold course at an all time high, starting to could
• 11:48
  Speaker 1: hit three thousand, and then Bitcoin has started to move
• 11:52
  Speaker 1: into possibly regaining its all time high right there, which
• 11:57
  Speaker 1: could push us into a new zone here. It appears
• 12:00
  Speaker 1: that there are a lot of smart people that are
• 12:03
  Speaker 1: in on this, and you see you've seen things around Bricks.
• 12:07
  Speaker 1: They now thirty six nations greater GDP than the G seven,
• 12:12
  Speaker 1: all looking at alternatives outside the dollar, more dedollarization. How
• 12:16
  Speaker 1: long marked before we see a real pivot in the
• 12:20
  Speaker 1: global finance structure, because it seems to be paving the
• 12:23
  Speaker 1: way right now.
• 12:25
  Speaker 2: No, we're I think we're there with this Bricks alliance.
• 12:28
  Speaker 2: They're coming together to say, you know what, maybe we
• 12:31
  Speaker 2: don't want to be a slave to the IMF anymore.
• 12:35
  Speaker 2: Maybe we don't want to be part of this World
• 12:38
  Speaker 2: Development Bank. Maybe we'll create our own development bank. Maybe
• 12:42
  Speaker 2: we'll pool our resources in the digital age. Maybe we
• 12:45
  Speaker 2: won't use the banking system. Maybe we'll maybe like in cellular, right,
• 12:50
  Speaker 2: I get better sellar service in most emergent markets that
• 12:52
  Speaker 2: I can get in New York City because they didn't
• 12:56
  Speaker 2: have the tech debt of copper, they just you know, fraud.
• 13:01
  Speaker 1: Well, I think this slide right here kind of hits
• 13:03
  Speaker 1: on that the three of the six members of bricks
• 13:06
  Speaker 1: now you a Argentina, Ethiopia, all mining bitcoin with government resources. Now,
• 13:10
  Speaker 1: So to your point is that there's a lot of
• 13:13
  Speaker 1: that kind of innovation I want to get into. I
• 13:16
  Speaker 1: totally agree with you, is that we are seeing essentially
• 13:19
  Speaker 1: a new world being built right in front of us.
• 13:21
  Speaker 1: And it's interesting because there's kind of the trifecta. You've
• 13:23
  Speaker 1: got Ai blockchain and really what's happening in terms of
• 13:27
  Speaker 1: technology that is kind of recentering where maybe the growth
• 13:32
  Speaker 1: centers are going to be. It could be outside Silicon Valley.
• 13:34
  Speaker 1: So definitely going that speaking of innovation, and you look
• 13:37
  Speaker 1: at some of the blockchains that are out there, especially
• 13:40
  Speaker 1: on the digital assets side. Ethereum of course is always
• 13:43
  Speaker 1: spoken as one of the kingpins and actuality it is.
• 13:46
  Speaker 1: Here's ran Seawan Adams from Bankless. He's talking about this.
• 13:49
  Speaker 1: It's a conviction time for ETH holders. And mainly what
• 13:52
  Speaker 1: he's getting at is that ETH has been very slow moving.
• 13:56
  Speaker 1: We haven't seen massive innovation outside the L two's and
• 13:59
  Speaker 1: what they been able to do in general. Where do
• 14:02
  Speaker 1: you think Ethereum stands. You know, when you look at
• 14:05
  Speaker 1: the blue chips right now, you've got Solana in the game,
• 14:08
  Speaker 1: Suie is now coming up hard. You've got Ethereum holding
• 14:12
  Speaker 1: a position. You could probably make the argument for Avalanche
• 14:15
  Speaker 1: and what they're doing with their sub and at thel once.
• 14:19
  Speaker 1: That's a pretty It's a different kind of field this
• 14:22
  Speaker 1: time around, at least in this bull run. What are
• 14:25
  Speaker 1: your thoughts on those kind of digital asset platforms and
• 14:28
  Speaker 1: where they could be.
• 14:29
  Speaker 2: You got Bitcoin at the top, Ethereums the Crown prints.
• 14:32
  Speaker 2: But here's the problem. Some of those other princes and
• 14:35
  Speaker 2: you mentioned him Swee, Salona, et cetera, Avalanche are nipping
• 14:41
  Speaker 2: at the heels of the Crown prince. And the challenge
• 14:46
  Speaker 2: is someone said, asked me this question. I said, that's
• 14:49
  Speaker 2: a really good question. I can't answer. They said, if
• 14:53
  Speaker 2: ethereum didn't exist and it was invented today, would anyone
• 14:59
  Speaker 2: use it? Like it's slower, more costly, does kind of
• 15:06
  Speaker 2: the same stuff? Probably not? Okay? So why do people
• 15:11
  Speaker 2: use it? Well? Because it's got a great installed base.
• 15:13
  Speaker 2: And you know, Paul Romer won the Nobel Prize. He said,
• 15:15
  Speaker 2: it's not the best technology that wins, it's the technology
• 15:19
  Speaker 2: that gets critical mass first. So is ethereum good enough?
• 15:26
  Speaker 2: Or can they make enhancements to anything about open source?
• 15:29
  Speaker 2: If someone's better than you, you can just copy paste and
• 15:32
  Speaker 2: fix it. But they've been slow to do that. And
• 15:35
  Speaker 2: I guess there is another We had the merge, now
• 15:38
  Speaker 2: we got the surge coming, so so that's something. But
• 15:42
  Speaker 2: at the end of the day, Solana has proven that
• 15:47
  Speaker 2: despite all their problems, right, And I'm you know, we
• 15:51
  Speaker 2: made a lot of money in Solana, right, thank you, Kyle,
• 15:54
  Speaker 2: and you know, too sharp. But I never really believed
• 15:57
  Speaker 2: in it because it kept failing and transaction with vaporize
• 16:01
  Speaker 2: and but they fixed some problems and they got better
• 16:05
  Speaker 2: and they got more adoption. Now are meme coins enough?
• 16:09
  Speaker 2: Probably not, But they've done. They've done a good job
• 16:13
  Speaker 2: resuscitating themselves when they were they were on the verge
• 16:15
  Speaker 2: of being done, like literally done two years ago.
• 16:19
  Speaker 3: Uh.
• 16:19
  Speaker 2: Sweet has has come out of nowhere.
• 16:22
  Speaker 4: They've got a they had a you know they're born
• 16:28
  Speaker 4: on third base and think they hit a triple kind
• 16:30
  Speaker 4: of you know, launched by big flashy people.
• 16:32
  Speaker 2: And so now they've got to prove it right now,
• 16:35
  Speaker 2: they've got to you know, get home. It could happen,
• 16:40
  Speaker 2: It absolutely could happen. But at the end, innovation wins out,
• 16:45
  Speaker 2: I think, and real innovation in these these areas around
• 16:51
  Speaker 2: you know, speed, reliability, consistency, uh and cost are are
• 16:57
  Speaker 2: what drives and and we've talked about as before. Look,
• 17:00
  Speaker 2: I think this is the greatest time to be an
• 17:03
  Speaker 2: investor in this space. And the Internet disrupted two very
• 17:09
  Speaker 2: large industries, media and commerce. Right you're a perfect example
• 17:13
  Speaker 2: of you know, citizen media, and that is incredibly awesome
• 17:19
  Speaker 2: and amazing and all the market cap that was it,
• 17:22
  Speaker 2: you know, the media mogul business, ABC, NBC, CBS and
• 17:27
  Speaker 2: and you know the mom and pop shops in commerce
• 17:31
  Speaker 2: has now gone to places like Amazon and Netflix. Well,
• 17:37
  Speaker 2: the financial services business is much bigger it's seven trillion
• 17:42
  Speaker 2: with a T per year per year. That's not the value,
• 17:46
  Speaker 2: that's the amount that's transacted per year, and we are
• 17:49
  Speaker 2: going to displace all of that into these digital tools, huge,
• 17:55
  Speaker 2: huge opportunities.
• 17:57
  Speaker 1: Yeah, what you mentioned truth, which I think is is
• 18:01
  Speaker 1: an interesting component here and it falls into two tech
• 18:04
  Speaker 1: sectors that are starting to really become I think maybe
• 18:08
  Speaker 1: at the at the beginning of their real growth cycles.
• 18:12
  Speaker 1: One of course, is what we've seen in the prediction markets.
• 18:15
  Speaker 1: This is just cal she talking about. You know, they're
• 18:18
  Speaker 1: taking USDC deposits right now. So if you look at
• 18:22
  Speaker 1: the prediction markets and what's been happening. Back to your point,
• 18:25
  Speaker 1: it's resolving truth because it's based on what people think
• 18:29
  Speaker 1: and what they're willing to put money on. And this
• 18:32
  Speaker 1: is going from polymarket. We were looking at this data
• 18:34
  Speaker 1: and the amount of data that's coming through that I
• 18:37
  Speaker 1: think is going to start to get very interesting as
• 18:40
  Speaker 1: you see things like AI flow into this as well.
• 18:44
  Speaker 1: So it hits on two of the areas blockchain AI
• 18:47
  Speaker 1: and especially around this delineation of truth when you look
• 18:50
  Speaker 1: at the prediction markets and also AI in general. I
• 18:54
  Speaker 1: was just noticing this was Robert Downey Juny Junior. He's
• 18:57
  Speaker 1: talking about suing future executives who's going to create a
• 19:00
  Speaker 1: AI digital replica, So you're going to have a lot
• 19:02
  Speaker 1: of that challenge that's out there. But at the same time,
• 19:06
  Speaker 1: it's very possible that we could see a whole new
• 19:09
  Speaker 1: generation of creators that are just using the AI tools
• 19:14
  Speaker 1: to create a new evolution of what that might look like.
• 19:17
  Speaker 1: Are you bullish in both these areas as kind of
• 19:21
  Speaker 1: an encompassing tech and how much of an impact you
• 19:24
  Speaker 1: think they'll have a crypto?
• 19:25
  Speaker 2: I mean, look, I'm wildly bullish on all of it. Now.
• 19:30
  Speaker 2: Doesn't mean it will be an easy road and doesn't
• 19:33
  Speaker 2: mean we'll have to, you know, have policies and procedures
• 19:37
  Speaker 2: and techniques to sift through the garbage. I mean, knowing
• 19:42
  Speaker 2: what's real and what's not is really important want of things.
• 19:46
  Speaker 2: Blockchains can fix that, right, we can you know what
• 19:49
  Speaker 2: blockchains allow is for the fixing of unique assets in
• 19:55
  Speaker 2: time and space. Right, we can have a time stamp
• 19:59
  Speaker 2: on things that are real, real pictures, real videos, real
• 20:04
  Speaker 2: real commentary. So that that's a good thing and we'll
• 20:07
  Speaker 2: managed through it. I mean, you know what's interesting about
• 20:11
  Speaker 2: tech isn't every tech evolution or revolution. There were predictions
• 20:16
  Speaker 2: of doom and gloom. Right, Oh, this is going to
• 20:19
  Speaker 2: end the world as we know it. Oh so terrible.
• 20:22
  Speaker 2: Oh it's going to destroy jobs. Yeah, we've destroyed millions
• 20:26
  Speaker 2: and millions and millions of jobs with new technology. But
• 20:30
  Speaker 2: here's a stat. There are more jobs today than any
• 20:33
  Speaker 2: time in human history. You just spent so much of
• 20:37
  Speaker 2: your life surviving and now we don't have to. So
• 20:42
  Speaker 2: now we've unleashed creativity in ways that we could never imagine.
• 20:47
  Speaker 2: So pretty cool.
• 20:48
  Speaker 1: Yeah, for sure. Market's always fun diving into this because
• 20:52
  Speaker 1: I think you give a fresh perspective on a lot
• 20:54
  Speaker 1: of different areas, especially around digital assets. And really we're
• 20:56
  Speaker 1: this technology phase that we're going through is leading us
• 21:00
  Speaker 1: and that of course is in great investments going up
• 21:03
  Speaker 1: for sure. So thanks again for stopping in today. We
• 21:06
  Speaker 1: appreciate it.
• 21:07
  Speaker 2: No, thanks for the conversation. It's always fun. And apologize
• 21:11
  Speaker 2: for the randomness, but it's why I say, as great
• 21:14
  Speaker 2: as AI is, it just can't match the human brain
• 21:18
  Speaker 2: one because we're two random and two. My favorite stat, right,
• 21:24
  Speaker 2: all this AI and all the power it uses, No
• 21:26
  Speaker 2: one talks about that, but it's like way more power
• 21:28
  Speaker 2: than crypto, but our brain one light bulb twenty watts.
• 21:34
  Speaker 2: It's amazing twenty four to seven three sixty five twenty watts,
• 21:38
  Speaker 2: and you get the beautiful randomness of our conversations.
• 21:42
  Speaker 1: After Yeah, no doubt, good having you on. Thanks again
• 21:44
  Speaker 1: for stopping in. We appreciate it.
• 21:46
  Speaker 2: Thanks Paul, you bet all right.
• 21:48
  Speaker 1: Guys, make sure if you are not in the Diamond Circle,
• 21:51
  Speaker 1: make sure and get in right now. It's a great
• 21:52
  Speaker 1: place to get additional content. And of course follow me
• 21:54
  Speaker 1: out there on X. We'll catch you next time. Right
• 21:56
  Speaker 1: here on tech bath
• 22:00
  Speaker 2: Ditt