Why Billionaire Thinks the Dollar’s Future Is in Trouble

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• 0:00Speaker 00

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• 0:04Speaker 01

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• 1:47Speaker 04

  Let's talk about Bitcoin. Eighty-six thousand, I first invested in Bitcoin, it was five thousand dollars. So it's been, it's been very interesting to see Bitcoin and cryptocurrency

• 2:01Speaker 04

  rise through the years. It's been a very roller coaster ride. It's been a very roller coaster ride, like I said, from, I mean, you know, obviously Bitcoin people, some people got in at a hundred dollars. But when I started to pay attention to it, it was five thousand. Then we got into crypto heavy around that time. It crashed, it went to twenty thousand, then it crashed. And Bitcoin went back up to twenty, thirty, to forty, and then back forth. And reached a hundred and twenty thousand dollars, then came back. I've always remained consistent, I think, with my Bitcoin take, that I think Bitcoin is gonna reach a million dollars one day. And is here to stay.

• 2:45Speaker 04

  It's very resilient, it's lasted every, every storm that was thrown at it. Every government regulation, every, everything that has happened that could have potentially tanked Bitcoin, it has not succeeded. It's just, it's been very resilient. And in the face of even more, you know, what people would deem as adversity, probably with, with, you know, the recent happenings of last week. And it's rallying again. And eighty-six thousand, just pull back a little bit from eighty-six thousand.

• 3:29Speaker 04

  But the mighty Bitcoin

• 3:33Speaker 04

  has proven once again why it reigns supreme. So what do we think about Bitcoin at eighty-six thousand?

• 3:46Speaker 03

  Uh, it's a, it's a key number. I think it being at eighty-six thousand, I think it brings it at to just under one percent year to date. But if you look at it from a technical standpoint, shout out to Stefano, she put this in there. I was watching the charts as well. You can see the move or the momentum of it climbing. I think I got it pinned at like ninety-three thousand as the next key level to see where it gets at. But again, people are shorting Bitcoin and have been shorting Bitcoin and have been shorting Bitcoin-related ETFs. And so again, when contracts expire like they did on Friday, you look at the that short squeeze. That short squeeze is a real thing.

• 4:28Speaker 03

  And so you saw five hundred and ninety-three million dollars that flowed into US Bitcoin ETFs today. Almost, that's six hundred million in a day into Bitcoin ETFs. Why? Well, that Bitcoin winter, right? If you follow its historic patterns and you're looking at it from a technical standpoint, it looks like it's getting back to that, that line where we're going to see a sort of a bullish run here. So that's important. And then you see institutional investors starting to put more money back in. And so you saw Michael Saylor today buy nine hundred and fifty Bitcoin at a retail price of seventy-five million.

• 5:03Speaker 05

  And spirits, don't start.

• 5:06Speaker 03

  I know last week was like, that it almost felt like here's the doom. But kind of like what you're saying, Shawty, is that when storms are thrown at it, it kind of debunks the storms, right? The Clarity Act was supposed to be, oh, here's the legislation that's gonna pass it. It fails. It was down for the day on Wednesday, and now look at what it's done, right? Even though it didn't pass, the SEC didn't say like, hey, we're still, we're gonna find a way to get around it. And I know it's a political thing, Democrats, but they said, look, we're still gonna find a way to make this thing work. And that talks about the resilience and the current administration saying, hey, we have to make this happen. Let's figure out how we can make it happen, which is all good signs for Bitcoin.

• 5:49Speaker 03

  So like I said, I think it's gonna go a bit higher here. Ninety-three thousand would be a key level to watch. But yeah, man, it's here to stay.

• 5:57Speaker 05

  Stop playing short-term games with long-term assets. Rashad and I are gonna talk about this Wednesday. There is a short-term traders pandemic that I think is being used as a psy-op to get us to not want to hold assets for a long period of time. For anyone who's short any asset that matters, why? You're not gonna make as much money as you think. And if you just hold long-term, like my answer for everything. Once I get the AI figured out and just say ten-year hold for anything you love, we really gonna have a forty-five minute show.

• 6:31Speaker 05

  I think we could potentially pull back to seventy-one thousand, seven ninety-six. Maybe month or two, three months. That's the level I like to buy. But I agree with the ninety thousand assessment. I think by maybe next year, we should be in the one oh one something area. But hold for long-term. I don't want you guys to trade these assets short-term. I want you to hold them long-term. And how much from that twenty thousand level are you up? Because I see some of y'all online trying to rewrite history. And that's fine, but you can't rewrite your net worth. My boy, respectfully, with love from the bottom of my heart, they ammo.

• 7:12Speaker 05

  Hold for the long-term, yo, investor. Shawty, I'm fed up, yo.

• 7:18Speaker 05

  I'm fed up, yo, I ain't gonna lie.

• 7:21Speaker 05

  I'm taking the villain role back. You go back to being good guy. Pour favor. Can I, can I be the villain or no?

• 7:29Speaker 03

  Sure, sure, sure.

• 7:30Speaker 04

  Sure.

• 7:31Speaker 05

  Let's for a couple of weeks. Are Ian and Rashad now fighting? Danny, don't start. And conspirator. Yes, I know Michael Saylor is up forty percent in the month, but it has quite a way to go to get back to his. But I will say this about Saylor favorably, though. I don't like the collusion by certain entities against micro strategy. I will say that in fairness, the stock should be a hell of a lot higher, given the rise in Bitcoin, but the pressure that he's facing

• 8:06Speaker 05

  from certain institutions is gonna make that hard to do. But the stock should be a hell of a lot higher. Back to you, Travis.

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• 11:02Speaker 01

  They don't realize smart people use smartphones, huh? Seeing through BS they thought was gonna slide. Download text now because it cuts out clownery. You can literally activate it from your couch. Nationwide 5G with the same towers the other companies use. Pay what you want or not at all. You're in control. Show these ridiculous carriers we ain't paying for stupid because we're way too smart to pay dumb.

• 11:26Speaker 02

  Free app-based talk and text via the text now app requires Wi-Fi or data connection. Data plans sold separately. 5G where available.

• 11:32Speaker 03

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• 12:09Speaker 04

  And focus on your, focus on your money, man. Get your money right. Just, I would advise, if I would advise anybody, I would say just focus on that right now. Everything else, you know, you could figure out later on, and your health. Focus on your health and your money. But if you're not focused on, on, on your money, it's gonna be really, really, really, really dark. It's gonna be good and dark, dark space for you because the cost of inflation, everything is going up. When you look at housing, when you look at school tuition, when you look at groceries, when you look at travel, like you can't even travel, you can't even escape. It's gonna be like a prison that you can't even get out of right

• 12:52Speaker 04

  now. Like, they got plane tickets that's looking like...

• 12:56Speaker 05

  It's a thousand dollars on the same coast.

• 13:00Speaker 04

  To Florida.

• 13:02Speaker 05

  Seattle, LA. It's like, why? They destroyed spirit intentionally.

• 13:09Speaker 04

  And like, we just spoke to somebody that's a billionaire earlier today, and he said a billion, a billion is not what it used to be.

• 13:16Speaker 05

  Hello.

• 13:18Speaker 04

  So it's like...

• 13:19Speaker 05

  I haven't got to that B, but hello.

• 13:21Speaker 04

  And he also said, um, we was talking about, obviously, the debt in America, and he was saying that, you know, that's how countries start to unravel is that, you know, the debt just gets out of control. He said that there's really no way out of it because the only way out of it is to increase taxes and nobody wants to do that, or to cut spending and nobody wants to do that. So he said what probably what happened in his opinion is that the, the, the American currency has to get devalued sharply. Kind of, I think Japan actually did something like this, but the America's gonna have to devalue its own currency, like purposely devalue its own currency.

• 14:00Speaker 05

  Did he say to what level?

• 14:02Speaker 04

  No.

• 14:02Speaker 05

  So reset?

• 14:03Speaker 04

  Sharp, sharply, sharply levels. Sharply levels. So if that does happen, right, if the, if the currency is devalued sharply, they're not, you don't think that they're gonna just start making homes cheaper? Or are they gonna just start paying people more money? So if the, if, if this is somebody that's one of the smartest people in the world, and he's also one of the richest people in the world, by the way, it's not just a random conspiracy theorist on YouTube. He said his theory is that over the next 20 years, the American currency will be devalued sharply on purpose. That's alarming.

• 14:45Speaker 05

  I keep saying the 25 to 30 number for a reason. I don't want to be a propagandist or look like I'm trying to go viral, but if they degrade the money at 25% a year allegedly by 2033, if you start to look at what the million was, it tells you what level it would be at.

• 15:07Speaker 04

  And somebody says that bullish for crypto. Yeah, it would be bullish for Bitcoin if you believe in, if you believe in Bitcoin. That's one of the things that has always, if you look at Bitcoin's chart versus the American dollar, if you look at any assets chart, gold, stocks, Bitcoin, look at their chart versus the American dollar's chart. And then if you look at those charts versus the American dollar's chart, then you understand that you really have no choice but to invest because every, the American dollar goes down over the course of time, all these other things go up. And if this theory holds true, American dollar's gonna go down a lot.

• 15:49Speaker 05

  And the last time we had a billionaire make a prediction, pre-election, all of those things came true.

• 15:56Speaker 04

  That's a fact. 100%.

• 15:59Speaker 05

  Novo, four for four.

• 16:01Speaker 04

  That was Mike Novogratz last time. And this is a different person. This is another billionaire, but Mike Novogratz definitely predicted a lot, so...

• 16:09Speaker 05

  The spending, the, the level of debt use, value of crypto, you have to listen when people, when they're at that level, there are things that they know. It's different rooms and different access to different information. I can't wait for the interview to come out, though.

• 16:25Speaker 04

  Yeah, it's gonna be, it's classic. It's a, it's a straight 60, 70 minutes of just gems, all gems, like...

• 16:32Speaker 05

  Fire.

• 16:33Speaker 04

  Back to back to back to back to back. So, you know, we, we have been fortunate enough to be privy with some, some real cool relationships and everything that we learn, we tell you guys. So...

• 16:48Speaker 05

  No gatekeeper, no fee?

• 16:51Speaker 04

  When they, because it's like they, like when you, when you talk to like they, because there is a they, like, let's just be very clear about that. There's a, there's a they.

• 17:06Speaker 05

  Yeah, but, but there's a we. So not one, we?

• 17:09Speaker 04

  No, but there's a they. There's a they.

• 17:12Speaker 05

  There's a, for sure.

• 17:14Speaker 04

  When we talk to they, we provide the information to market Mondays.

• 17:21Speaker 03

  That's a fine, learn today, teach today. That's, that's, that's been a...

• 17:24Speaker 05

  But you know what y'all should do? You should go find billionaires to talk to and then give it back to the people.

• 17:29Speaker 04

  That's a great idea.

• 17:30Speaker 03

  Yo, man.

• 17:31Speaker 05

  You ever thought about doing ever shot?

• 17:34Speaker 03

  That's a revolutionary idea.

• 17:35Speaker 04

  That's a revolutionary idea. Donations.

• 17:39Speaker 03

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• 18:15Speaker 03

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  My fresh detector.

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• 19:50Speaker 00

  This is an iHeart Podcast. Guaranteed human.