The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
You're right, I and a few colleagues in NY work with a CFA who prefers we DCA across a number of prospective sectors instead of a lump sum purchase. Following this, my account grew by more than 40% in this 4th quarter.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I find this informative, curiously explored Stacy on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
@@valeriecollins7597Its called pretending you dont have wealth, i would think you would understand it is all a tactical act taught nowdays by the wealthy to distract the unindoctrinated plebs whom already own nothing anyways! I bet he eats out of cans of tuna, on crackers, no mayo too! 😂 Are you trying to fool yourself or support the distractions? Did he give up his precious skin care routine and sell his car and take the bus everywhere? You literally got me rolling laughing on the floor!
It makes absolutely no sense to sell U.S. gold reserves for any reason, let alone buy into bitcoin. If the government really wants a "strategic reserve" of bitcoin, just create the money and buy it, like they buy anything else. I heard Michael Saylor say gold should be demonetized. That's just crazy talk. You want to push bitcoin, fine. Maybe there's some value to the Bitcoin network. But there's no reason to disparage or abandon gold. Every central bank is buying as much as they can as fast as they can. It's not either or. Both assets can win.
I agree, only gold is money, (silver too) everything else is credit. Saylor just wants gold out of the way, because deep down…he’s threatened by it.🤷🏻♂️
Totally agree. Its like they get an inch they take a mile. It used to be just give btc a chance its on equal playing field as gold or other assets. Fine sure. To each their own. But to start talking about being number one to dethrone gold: youre either delusional or are purposely steering people the wrong way...off a cliff
Agreed. I think bitcoin will continue to grow but it would be foolish to sell gold for any reason. Doing so would come across as youthful boastfulness and disrespect by millennials, and old timers might get the wrong impression of bitcoin network and its adherents. I think Trump/Congress should establish a bitcoin reserve under the same authority as petroleum/gold and previously the uranium/helium reserves. I doubt they can buy 1 million BTC, but even a symbolic reserve and modest purchases would be huge. Great comment.
Something doesn’t feel right. This bitcoin stuff and the government together? I think it all ends in tears. This young man is trusting. I am old maybe, been around the block a few times.
I optimized my retirement accounts, rolling over old 401(k)s into an IRA, diversified across asset classes and and use low cost index fund. Now I'm exploring dividend paying stock for income
Sadly Im still not convinced. There are 200million bitcoin wallets but only 100 million bitcoin owners (about 1% of the world) over half of these are bitcoin traders. 11% of Americans have some gold, 28% of Germans and its estimated that almost 3.9 billion people in the world own some form of gold (jewelry etc).. bitcoin has a way to go in my opinion before it challenges anything.
I am not fully convinced I will ever need gold either. I am not fully convinced Bitcoin is 100% for sure digital gold or whatever, but convinced enough to get some. To be honest I am 100% certain of death, not much else but does not bother me too much.
Exactly!!! The exact same thing could be said about him as well. He knows NOTHING about the fed or fiat currency like Powell does just like Powell doesn’t know bitcoin. The difference is that Powell is in charge of THE FED!!! And has decades of experience on him.
Many people ask if we should sell our gold however, the greater question is, do we have any gold to sell? It’s been over 70 years since the last official audit was made.
Ark Angel Saint Thomas spoke about the mustard seed that where it is a Merkel tree design of creation and a new world emerges, our Bitcoin minors are that mustard seed. Ark Angel Saint Michael walks amongst us and our Father is whispering be calm my child all is well for you are protected by a bulwark of encryption, come join us, and if you don't know who we are, just open your Bible and read Revelations, we are his-story. Leviticus states that they will throw their Gold and Silver into the streets because it will not house them nor feed them, our human network has already passed Silver, then Gold will be next.
The U.S. has lost 40% of its maximum production capacity going back to 1940. There are less people working and the factories we once had are long gone.
So funny reading the comments here. I used to get so frustrated with comments from people that haven’t studied Bitcoin. Now I realize that they aren’t my problem. I’m not responsible for them. They will eventually get it and buy Bitcoin when they no longer have a choice.
You say when we no longer have a choice we will be forced to use Bitcoin..... here comes down to that we will not have a choice for many things such as initiating our Universal rights to Simply participate in the natural economy just like birds to produce the necessary value to initiate a biological imperative very very. I can imagine a world that forces the use of any particular currency just as we actually have today stop. However people can still exchange value today Drew barter another means that bypasses the privately owned monopolized parasitic currency system central banks.... and without that ability or tyrannical system then we have today just means more loss of freedoms.... Fiat means Let It Be.... but in order to declare something as money for example one must have the power of military force that is greater than the majority of people who have given the choice would oppose the currency of the few..... because most of the time it serves Monopoly which Monopoly serves only the few and always ends very badly just like democracy which always transcends into tyranny and then ultimately its final stage of dictatorship and from there the death of many multiples of humans
we all have that story in our lifes as bitcoiners we get excited we tell family friends and others and get shrugged off laughed at and when the fiat price to btc rise they call us begging wich crypto they should buy and when it has a severe correction they laugh at you again. i own gold aswell but being open minded not just tribal mindset is a good thing. just let others do what they want sometimes its best just to be quiet.
The more I learn about BTC the more I like it ,as a long term store of value ,at 57 I’m buying and I’m buying gold also for the same reason ,but the best thing about BTC is its portable globally ,great work Jeremy, great work Jack
Most likely, an outside factor caused this recession. The US dollar's influence as a government reserve currency is waning for the first time in decades. The ability to control inflation is no longer possible, and less money is being spent on oil and stock trading than in the past. They all lend credence to the notion that a new multilateral international order is being developed.
Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry and exclusive insider market information.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $285k to around $720k.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15% in just two years, effectively countering inflation.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.
This guy uses dollars, notice he didn't go into detail in explaining how he no longer uses dollars. If he's using credit cards he's using dollars, he is being disingenuous, he says what he says because he probably feels it makes him sound "cool."
WILL. Just this morning I saw a report on a new quantum computer chip that reached speeds one septillion times faster than current super computers. The back chain is protected by one and only one fact. That there is no mathematical shortcut to derive what 2 prime numbers were used to create a product. It can only be solved by brute force, .e., trying each possibility until the correct one is found. Current encryption relies on how many toys it would take if the numbers involved are large. At the calculation speeds that quantum calculation promises, even gigantic number strings can be broken simply because of the speed at which each possibility can be "tried". Split the problem between multiple Q computers covering different ranges on the number line and RSA style encryption becomes worthless. It isn't just BTC, it's bank accounts, credit cards, etc. I wouldn't put a dime of my wealth anywhere near anything that relies on RSA except what you need to keep in an account for basic transaction. Our entire financial world is on the cusp of destruction once a hostile actor gains access to this kind of computational power...
@@bahmak2003 And you do? Based on your condescending reply, it's you that is clueless as to encryption's risk as QC advances... If you understand RSA and you've been following the advancements in QC, you'd recognize that 12alien12's statement is almost a given at some point.
the person being interviewed needs to get his head examined. If something is not a store of value, it is essentially worthless like the K-mart reward points or Delta skymiles. After K-mart went bust, all customers with those reward points were worthless. Same with delta skymiles accumulated using my amex delta skymiles credit card after delta filed for bankruptcy. Even if bitcoin hits $1 million, it will stil be worhtles because it is tied to a currency thar costs nothing to print.
@@archiepilcher6727 It's exactly like that! Anything can be corrupted by bad actors. It's human nature. Bitcoin is vulnerable to 51% attack by the very same miners who are earning it. Add on to that sketchy 3rd party layer 2 and layer 3 protocols. Bitcoin has shown itself to be lousy as any kind of payment system, whatever lightning network someone dreams up. If you believe it's digital capital, a store of value, stick with that story. Don't try to make Bitcoin a one size fits all financial token.
@@peterwilson9327you don’t understand how Bitcoin works. My Bitcoin access is stored in my head. Until someone develops a way to read my mind, they can’t access my Bitcoin.
I'm watching Coinbase order book and just this afternoon bitcoin dipped briefly to 94,220 then right back up to 97,000 range. I also saw someone dump 45 bitcoins all at once and another sell 14! Anyone want to tell me with a straight face that the price isn't manipulated by the bitcoin whales? They're painting the tape. It's the oldest trick in the book.
@@pulkitsharma828 there's no way to tell if someone who sells 45 bitcoins sold everything or whether they have hundreds more yet to sell. I'm saying that when you dump that much at once it moves the market. And they can do it over and over again. Pump and dump.
The reason why Jerome Powell had to cut is because the interest on the debt is too great and even there is a slight bail out for these banks that have commercial loans on their books
Their innovative approach to decentralized networks is really intriguing, and their commitment to community-driven development sets them apart in an exciting way.
Jack it's great to see a young man doing so well! You're a smart man and people should listen to you. On a funny note your closet is bigger than many people's living room lol
Great this man and great questioner-commentator. One thing I disagree with Jack; he says that no one knows how to solve the US fiscal situation. The Swiss know how to fix such situation; in the 1980s the Swiss national debt reached 80%, Swiss citizens decided by binding referendum that the government can increase the debt to such level at times of economic slowdown to stimulate the economy BUT had to pay it back and reduced to around 40% of GDP as the economy recovers. But, why is Switzerland able to achieve such amazing result of around 40% right now? Because the people decided that it be so in a national referendum. In other words, Switzerland is the best managed country in the World, not just because of the low debt, because the Swiss have, like Bitcoin, really decentralizes decision making for any issue, policy, law or the Swiss constitution itself, anything the Swiss people decide to take to a binding referendum. The Swiss do that at ALL government levels and neither the executive, the legislative or the Supreme court can overturn the results of a referendum. In other words, the Swiss decentralized political decision making is the logical environment for Bitcoin. The Swiss system has many other positive effects; best universal health care system in the World, highest political stability, highest prosperity, low taxes, permanent coalition government of the four major Left, Center and Right parties, approval of politicians at the 80% level and on and on. The Swiss have freedom of expression, freedom to elect politicians (not politicians controlled by lobbies) and, above all, freedom to decide any issue, any, policy, law, budget, etc. I wish Jack and Kitco took an interest in knowing the Swiss system of real democracy and educate and inform Americans that there is a system which is a clear improvement of the US Constitution, to make the Constitution great again. TheSwissPoliticalSystem.com in X and Rumble.
Ark Angel Saint Thomas spoke about the mustard seed that where it is a Merkel tree design of creation and a new world emerges, our Bitcoin minors are that mustard seed. Ark Angel Saint Michael walks amongst us and our Father is whispering be calm my child all is well for you are protected by a bulwark of encryption, come join us, and if you don't know who we are, just open your Bible and read Revelations, we are his-story. Leviticus states that they will throw their Gold and Silver into the streets because it will not house them nor feed them, our human network has already passed Silver, then Gold will be next.
Could there possibly be an interview about something other than just how great Bitcoin is? We get it. How about an hour on the details of how and why Strike is secure and we should trust it. All I hear are the broken records of how great Bitcoin is, I am sold on that part. I want to hear about security and long term sustainability since it does require energy/maintenance.
a bitcoin reserve wouldn't just be stupid, but intensely, intensely corrupt. also omg wow the empty shelves room is f magnificent bro, like a true modern art masterpiece I f love it. buy gold.
@@Mdaddy4blockchains can’t save bitcoin. The bitcoin market is manipulated. The big players can make it go from $0 to $1,000,000 in an instant. Something with that amount of instability will never be close to providing the stability gold does with thousands of years of a good stable reputation behind it.
If no electricity then nothing works- Banks, ATMs, Venmo/Zelle, cellphones, Credit card terminals etc. Also, you can send bitcoin transactions through radio signals, morse code, and older technology in general (the internet is not absolutely required). The thing to remember is that if electricity input into the bitcoin network decreases, then the difficulty adjustment in the bitcoin network also decreases, making it easier to process transactions with the little electricity now available. You can even work bitcoin and hash transactions with pen and paper if needed. The network self-adjusts. Good stuff.
Mallers has so much going right, but chooses to stay in Chicago? That right there is squarely an F in the decision making category. I can't help but think he bought a mansion somewhere on the north shore for literally pennies on the dollar, and his office is in the closet, lol! Jack, my advice to you as a Chicago native, who fled at the age of 18, just days after graduating high school is get the heck out of that hell hole. Sell that mansion, and buy a beautiful pad somewhere in the south, anywhere, as down here, it's all better than living up north, particularly Chicago which is totally broken.
If you think government spending to support the economy is strong this kid needs a lesson in economy when there is a strong economy there doesn't need to be any government intervention 35:06 . Does he not realize when you create as many government jobs as the government has that the taxpayer pays for those wages
I don’t think gold bugs are hurt because of bitcoin. I think the issue is that bitcoin will honestly NEVER take over gold’s position and they’re trying to warn people of the potential prospect of their wealth and money being stripped from them overnight through the manipulation of a fake money that doesn’t exist. Don’t hold your wealth in something you can’t touch and has no long term proven track record. It’s just not smart.
I've never heard a prudent and careful investor with the fortitude and intelligence to avoid the latest in a long history of Ponzi schemes referred to as a "butt hurt gold bug". Thanks for the vocabulary lesson I guess.
Gen Z - Are demoralized. Its a tragedy for them. I have 2 very hard working graduate engineers who cant afford to buy anything. You are correct there are two differnt economies. The world needs to help the Gen- Zers. How do we help them. There's nothing left for these young citizens.
Never trust any man that commands credit creation. Gold is far from speculative asset. However, persuading people that it is speculative, keeps people's eye off the elephant they are trying to make disappear.
He's wrong about Boomers. They have more assets because they've been working more years. They had to survive interest rates rising from 2% to 20% 1971-81 and many lost everything.
A bitcoin that can’t be hoarded by the few is what needs to be developed. The bitcoin that exists will never be the currency that it was intended to be.
Not only that, his office is in his closet. If you're a financial oracle, shouldn't you at least have an office for grown-ups? Am I watching Kitco or Kidco?
Jerome Powell is a Canzian economist. He doesn’t believe in limited money. Bitcoin as well as gold are limited and takes power away from the government as a world reserve currency. So there’s no wonder why your own Powell has nothing good to say about bitcoin or crypto.
@@bradleyjordan5365 Bitcoin outperformed gold over 3x. Gold isn't keeping up with m2 money supply even. Negative 40 percent since 2014. Bitcoin is plus 37000 percent.
So if mining bitcoin is paid in bitcoin and one day all available supply will be made, what is the incentive to continue to mine ie authenticate the chain? Wouldnt it begin to fail at this point meaning bitcoin has an expiration date of the last coin mined?
Jack is really articulate and I have a lot of respect for his clear thinking. However, like he said, if Bitcoin is software, why can't software be changed so that max supply is NOT 21 million Bitcoin?
Ark Angel Saint Thomas spoke about the mustard seed that where it is a Merkel tree design of creation and a new world emerges, our Bitcoin minors are that mustard seed. Ark Angel Saint Michael walks amongst us and our Father is whispering be calm my child all is well for you are protected by a bulwark of encryption, come join us, and if you don't know who we are, just open your Bible and read Revelations, we are his-story. Leviticus states that they will throw their Gold and Silver into the streets because it will not house them nor feed them, our human network has already passed Silver, then Gold will be next.
Why stress or waste time and effort arguing? Get both Gold and Crypto. A piece of real estate, a tiny beginning business in ecommerce to boot. If little plebby me can, anyone can. Either way is gonna be a win. The head honchos can do what they like, short of a nuke strike, me and my family will still be kicking and ready to move to any land on Earth that treats us best. And you?
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
You're right, I and a few colleagues in NY work with a CFA who prefers we DCA across a number of prospective sectors instead of a lump sum purchase. Following this, my account grew by more than 40% in this 4th quarter.
This is very insightful. Hope you don't mind me asking you to recommend your CFP
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I find this informative, curiously explored Stacy on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
This guy sold all his clothes to buy bitcoin wardrobes are empty 😂
It's called a low time preference, listen and learn from this dude.
Jack could purchase ANY clothing retailer he desired with his BTC windfall. The fact that he's modest is a reflection of his humbleness. ❤
@@valeriecollins7597Its called pretending you dont have wealth, i would think you would understand it is all a tactical act taught nowdays by the wealthy to distract the unindoctrinated plebs whom already own nothing anyways! I bet he eats out of cans of tuna, on crackers, no mayo too! 😂 Are you trying to fool yourself or support the distractions? Did he give up his precious skin care routine and sell his car and take the bus everywhere? You literally got me rolling laughing on the floor!
@@Sec_coach 🤣🤣🤣🤣
Room height looks huge ! 💯
It makes absolutely no sense to sell U.S. gold reserves for any reason, let alone buy into bitcoin. If the government really wants a "strategic reserve" of bitcoin, just create the money and buy it, like they buy anything else. I heard Michael Saylor say gold should be demonetized. That's just crazy talk. You want to push bitcoin, fine. Maybe there's some value to the Bitcoin network. But there's no reason to disparage or abandon gold. Every central bank is buying as much as they can as fast as they can. It's not either or. Both assets can win.
I agree, only gold is money, (silver too) everything else is credit. Saylor just wants gold out of the way, because deep down…he’s threatened by it.🤷🏻♂️
Totally agree. Its like they get an inch they take a mile. It used to be just give btc a chance its on equal playing field as gold or other assets.
Fine sure. To each their own. But to start talking about being number one to dethrone gold: youre either delusional or are purposely steering people the wrong way...off a cliff
How many aliens are taking gold with them when they come here?
Agreed. I think bitcoin will continue to grow but it would be foolish to sell gold for any reason. Doing so would come across as youthful boastfulness and disrespect by millennials, and old timers might get the wrong impression of bitcoin network and its adherents. I think Trump/Congress should establish a bitcoin reserve under the same authority as petroleum/gold and previously the uranium/helium reserves. I doubt they can buy 1 million BTC, but even a symbolic reserve and modest purchases would be huge. Great comment.
@@luismatute8024 Thank you. We'll see if the bitcoin reserve bill gets any traction in Congress. I'm not holding my breath.
Something doesn’t feel right. This bitcoin stuff and the government together? I think it all ends in tears. This young man is trusting. I am old maybe, been around the block a few times.
Your feelings are probably a very good indicator to do the opposite
This Jack hammer was hitting many large nails in this interview. Kudos to the host for not interrupting.
Web3 infinity token web3 is powerful,looking forward to see where it goes.
Web3 is the smartest token in the world.
You're speaking from experience?
I optimized my retirement accounts, rolling over old 401(k)s into an IRA, diversified across asset classes and and use low cost index fund. Now I'm exploring dividend paying stock for income
How did you find a good finance advisor? How do you know if they are trustworthy and competent.
It's Joseph Nick Cahill.
Sadly Im still not convinced. There are 200million bitcoin wallets but only 100 million bitcoin owners (about 1% of the world) over half of these are bitcoin traders. 11% of Americans have some gold, 28% of Germans and its estimated that almost 3.9 billion people in the world own some form of gold (jewelry etc).. bitcoin has a way to go in my opinion before it challenges anything.
They are late we are early
Maybe they will make exactly the same bitcoin coin called bitcoin2 and bitcoin3 😊
@@Sec_coach They remember Holland and the tulip, we don't.
I am not fully convinced I will ever need gold either. I am not fully convinced Bitcoin is 100% for sure digital gold or whatever, but convinced enough to get some.
To be honest I am 100% certain of death, not much else but does not bother me too much.
Might as well hop on now to secure your financial future!
I'm so glad Jack can articulate so proficiently these topics. It's a gift to all of us!
He's a fraudster.
He's a fraudster.
He's a fraudster.
@peaceandfreedomeconomics8984 nargh bullshit dude
@@peaceandfreedomeconomics8984 lol when did he fraud you? 😂😂😂😂
Gold is money. Bitcoin is fools gold.
You guys need to at least give an explanation of why michelle makori is not coming and has been replaced by some random dude.
Oh yeah where is she?
Starting her own channel like they all end up doing
She moved to Israel and is anchoring an Israeli news team there. Serious
Jeremy has been around for many months and is not some random' guy. I realize all the dudes like to watch Michelle but she is too smart to stay here.
(.Y.) 👀
Mallers whole 12 years of life experience. 😂
The founding fathers were in their 20s.
Exactly!!! The exact same thing could be said about him as well. He knows NOTHING about the fed or fiat currency like Powell does just like Powell doesn’t know bitcoin. The difference is that Powell is in charge of THE FED!!! And has decades of experience on him.
@TedAllen83 it's all a scam, shit the fed probably owns bitcorn.
@@mac6452 scam is right! Sit back and watch the ship sail right into an iceberg.
@@TedAllen83If you are against bitcoin, you're betting the money printer stops. Not intelligent.
If they begin selling gold and buying BTC as a reserve it will represent the biggest act of financial malfiecence in world history.
Haha. Cope harder boomer! We're all coming!
Fine to disagree but it is just your opinion, mine too. Nobody really knows but seems to me there is something solid about Bitcoin, and gold too.
Blather. You’re wrong. Blather back
Have you heard of too big to fail?
Many people ask if we should sell our gold however, the greater question is, do we have any gold to sell? It’s been over 70 years since the last official audit was made.
Ark Angel Saint Thomas spoke about the mustard seed that where it is a Merkel tree design of creation and a new world emerges, our Bitcoin minors are that mustard seed. Ark Angel Saint Michael walks amongst us and our Father is whispering be calm my child all is well for you are protected by a bulwark of encryption, come join us, and if you don't know who we are, just open your Bible and read Revelations, we are his-story. Leviticus states that they will throw their Gold and Silver into the streets because it will not house them nor feed them, our human network has already passed Silver, then Gold will be next.
Wait a second! You mean there isn’t a huge stockpile of bullion inside Ft. Knox?
The U.S. has lost 40% of its maximum production capacity going back to 1940.
There are less people working and the factories we once had are long gone.
Kitco secures relevancy by taking serious-bitcoiners seriously. Great interviews! Keep up the good work. 👍
Comment section all upset that Jack been correct for over 10 years 😅
Just wait for the end
No he hasn't. The guy lives in an empty closet. Why?
@@peaceandfreedomeconomics8984 He will lose all his short
I thought Kitco was a Gold Company? You guys pump BTC too often. BTC is another Fiat minus the paper and ink.
What?😂
Comments like this is how I know we are still early lol. Go read the white paper that started them all. Bitcoin is here to stay
@digger just salty! He’s gold appreciating is peanuts compare to BITCOIN 😂😂😂
So funny reading the comments here. I used to get so frustrated with comments from people that haven’t studied Bitcoin. Now I realize that they aren’t my problem. I’m not responsible for them. They will eventually get it and buy Bitcoin when they no longer have a choice.
You say when we no longer have a choice we will be forced to use Bitcoin..... here comes down to that we will not have a choice for many things such as initiating our Universal rights to Simply participate in the natural economy just like birds to produce the necessary value to initiate a biological imperative very very. I can imagine a world that forces the use of any particular currency just as we actually have today stop. However people can still exchange value today Drew barter another means that bypasses the privately owned monopolized parasitic currency system central banks.... and without that ability or tyrannical system then we have today just means more loss of freedoms.... Fiat means Let It Be.... but in order to declare something as money for example one must have the power of military force that is greater than the majority of people who have given the choice would oppose the currency of the few..... because most of the time it serves Monopoly which Monopoly serves only the few and always ends very badly just like democracy which always transcends into tyranny and then ultimately its final stage of dictatorship and from there the death of many multiples of humans
Once electricity is on the Baghdad schedule (i.e. 4-6 hours a day) in the US and Europe, crypto currencies will go away. Oops.
we all have that story in our lifes as bitcoiners we get excited we tell family friends and others and get shrugged off laughed at and when the fiat price to btc rise they call us begging wich crypto they should buy and when it has a severe correction they laugh at you again.
i own gold aswell but being open minded not just tribal mindset is a good thing.
just let others do what they want sometimes its best just to be quiet.
This. You're never responsible for another person's lack of understanding.
Amen to that, what a horrific lesson to learn. But it's really hard to feel sorry for stupid.
Is Bitcoin more useful today than it was ten years ago?
Does Bitcoin pay more dividends today than it did ten years ago?
😂dividends 😂
BTC is a commodity, NOT an equity. Your comment demonstrates a lack of understanding of the difference between the two categories.
The more I learn about BTC the more I like it ,as a long term store of value ,at 57 I’m buying and I’m buying gold also for the same reason ,but the best thing about BTC is its portable globally ,great work Jeremy, great work Jack
Greatest thing about bitcoin is that there are only 21million (actually less)
Most likely, an outside factor caused this recession. The US dollar's influence as a government reserve currency is waning for the first time in decades. The ability to control inflation is no longer possible, and less money is being spent on oil and stock trading than in the past. They all lend credence to the notion that a new multilateral international order is being developed.
Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry and exclusive insider market information.
People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $285k to around $720k.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15% in just two years, effectively countering inflation.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
i love how they always point out the positives even tho they don't out weigh the fact they can control it and see everything u do....
lmao sell your homes?? this kid never worked a day in his life....
and yes they can change the code and make more just depends on a vote or quantum computing
he is wrong on the fact 'the ppl' own most of it...anyone who thinks like that doesn't know who owns it...
Jack, a great interview by you. I’m so impressed with your knowledge in the BTC space and overall economics and monetary policies
This guy uses dollars, notice he didn't go into detail in explaining how he no longer uses dollars. If he's using credit cards he's using dollars, he is being disingenuous, he says what he says because he probably feels it makes him sound "cool."
He use bitcoin to buy stores vouchers. It’s doable
Quantum computers and AI could eventually break the blockchain encryption.
WILL. Just this morning I saw a report on a new quantum computer chip that reached speeds one septillion times faster than current super computers. The back chain is protected by one and only one fact. That there is no mathematical shortcut to derive what 2 prime numbers were used to create a product. It can only be solved by brute force, .e., trying each possibility until the correct one is found. Current encryption relies on how many toys it would take if the numbers involved are large. At the calculation speeds that quantum calculation promises, even gigantic number strings can be broken simply because of the speed at which each possibility can be "tried". Split the problem between multiple Q computers covering different ranges on the number line and RSA style encryption becomes worthless.
It isn't just BTC, it's bank accounts, credit cards, etc. I wouldn't put a dime of my wealth anywhere near anything that relies on RSA except what you need to keep in an account for basic transaction.
Our entire financial world is on the cusp of destruction once a hostile actor gains access to this kind of computational power...
Not to mention EMTs etc.
Says those who have no knowledge the state of quantum computing! 😂😂😂😂
@@bahmak2003 And you do? Based on your condescending reply, it's you that is clueless as to encryption's risk as QC advances...
If you understand RSA and you've been following the advancements in QC, you'd recognize that 12alien12's statement is almost a given at some point.
Awesome interview Jeremy. Good charisma and as always fantastic questions keep them coming.
the person being interviewed needs to get his head examined. If something is not a store of value, it is essentially worthless like the K-mart reward points or Delta skymiles. After K-mart went bust, all customers with those reward points were worthless. Same with delta skymiles accumulated using my amex delta skymiles credit card after delta filed for bankruptcy. Even if bitcoin hits $1 million, it will stil be worhtles because it is tied to a currency thar costs nothing to print.
Like he said, 'it was invented'.
Therefore, it can be destroyed, either intentionally or otherwise
Executive order :
possession of bitcoin with intent to distribute - class a felony
It doesn't work like that
@@archiepilcher6727 It's exactly like that! Anything can be corrupted by bad actors. It's human nature. Bitcoin is vulnerable to 51% attack by the very same miners who are earning it. Add on to that sketchy 3rd party layer 2 and layer 3 protocols. Bitcoin has shown itself to be lousy as any kind of payment system, whatever lightning network someone dreams up. If you believe it's digital capital, a store of value, stick with that story. Don't try to make Bitcoin a one size fits all financial token.
Study more
@@peterwilson9327you don’t understand how Bitcoin works. My Bitcoin access is stored in my head. Until someone develops a way to read my mind, they can’t access my Bitcoin.
I'm watching Coinbase order book and just this afternoon bitcoin dipped briefly to 94,220 then right back up to 97,000 range. I also saw someone dump 45 bitcoins all at once and another sell 14! Anyone want to tell me with a straight face that the price isn't manipulated by the bitcoin whales? They're painting the tape. It's the oldest trick in the book.
You’re absolutely right!
Sounds like you're talking about stocks and gold.
@@user-xg6yc8ho3w everything is manipulated and Bitcoin is no different.
You think someone owning 45 bitcoin is a whale?😂
@@pulkitsharma828 there's no way to tell if someone who sells 45 bitcoins sold everything or whether they have hundreds more yet to sell. I'm saying that when you dump that much at once it moves the market. And they can do it over and over again. Pump and dump.
People say it’s volatile ,that will decrease in time ,how many people have been wiped out in a stock market crashes over the years ??????
Great Podcast. With one of the Best in The Bitcoin Space. ❤
😅😅😅😅
The reason why Jerome Powell had to cut is because the interest on the debt is too great and even there is a slight bail out for these banks that have commercial loans on their books
JACK is the shit. He knows his stuff. if you doubt him, you will regret it in 4 years.
Nothingness leads to nothingness nothingness…
Explain Fiat
@@scottyflintstoneprotected by an equivalent of 18 nuclear power plant energy is nothing? 😂😂😂
Where is MICHELLE
We should not sell any gold.
Not even to buy Bitcoin 😂
Great job by the host here. This was a nice listen
how do you not love Jack? So solid.
Their innovative approach to decentralized networks is really intriguing, and their commitment to community-driven development sets them apart in an exciting way.
Blockchain is important, Bitcoin has NO use case!
You stupid enough that you don’t know how to use bitcoin!😂😂😂
Amazing interview!
Where is Michelle?????????????????????????????????????????????????????????
Jack Mallers is amazing.
Bitcoin is Digital Gold just like
Gold is Physical Bitcoin.
Don't Get Got.
😂😂😂😂😂
People like you are why the Brooklyn Bridge continues to be sold on a daily basis...
Jack it's great to see a young man doing so well! You're a smart man and people should listen to you. On a funny note your closet is bigger than many people's living room lol
Great this man and great questioner-commentator. One thing I disagree with Jack; he says that no one knows how to solve the US fiscal situation. The Swiss know how to fix such situation; in the 1980s the Swiss national debt reached 80%, Swiss citizens decided by binding referendum that the government can increase the debt to such level at times of economic slowdown to stimulate the economy BUT had to pay it back and reduced to around 40% of GDP as the economy recovers. But, why is Switzerland able to achieve such amazing result of around 40% right now? Because the people decided that it be so in a national referendum. In other words, Switzerland is the best managed country in the World, not just because of the low debt, because the Swiss have, like Bitcoin, really decentralizes decision making for any issue, policy, law or the Swiss constitution itself, anything the Swiss people decide to take to a binding referendum.
The Swiss do that at ALL government levels and neither the executive, the legislative or the Supreme court can overturn the results of a referendum.
In other words, the Swiss decentralized political decision making is the logical environment for Bitcoin.
The Swiss system has many other positive effects; best universal health care system in the World, highest political stability, highest prosperity, low taxes, permanent coalition government of the four major Left, Center and Right parties, approval of politicians at the 80% level and on and on.
The Swiss have freedom of expression, freedom to elect politicians (not politicians controlled by lobbies) and, above all, freedom to decide any issue, any, policy, law, budget, etc.
I wish Jack and Kitco took an interest in knowing the Swiss system of real democracy and educate and inform Americans that there is a system which is a clear improvement of the US Constitution, to make the Constitution great again.
TheSwissPoliticalSystem.com in X and Rumble.
Nobody explains Bitcoin better than jack
Bitcoin is hard to make because it doesn't exist.
Ark Angel Saint Thomas spoke about the mustard seed that where it is a Merkel tree design of creation and a new world emerges, our Bitcoin minors are that mustard seed. Ark Angel Saint Michael walks amongst us and our Father is whispering be calm my child all is well for you are protected by a bulwark of encryption, come join us, and if you don't know who we are, just open your Bible and read Revelations, we are his-story. Leviticus states that they will throw their Gold and Silver into the streets because it will not house them nor feed them, our human network has already passed Silver, then Gold will be next.
Internet doesn’t exist, bitcoin miners doesn’t exist 😂😂😂😂
Could there possibly be an interview about something other than just how great Bitcoin is? We get it. How about an hour on the details of how and why Strike is secure and we should trust it.
All I hear are the broken records of how great Bitcoin is, I am sold on that part. I want to hear about security and long term sustainability since it does require energy/maintenance.
Jack Mallers is really inspiring
a bitcoin reserve wouldn't just be stupid, but intensely, intensely corrupt. also omg wow the empty shelves room is f magnificent bro, like a true modern art masterpiece I f love it. buy gold.
Gold bug are salty! 😂😂😂
First gold bugs laugh at you. Now who’s laughing? 😂😂😂
@bahmak2003 bro when trump's team leverage the gold reserves to defuse the global debt bomb? we'll see dude.
"We made Bitcoin" and that's why people will find ways to manipulate it.
We cannot make 99.999 gold
How to know you didn’t do your BITCOIN homework without saying it! 😂😂😂😂
@bahmak2003 in time everything reveals itself
always a great show when jack mallers is on. he is a wealth of knowledge ❤
Very, very good conversation. Very clear and inspiring. Thanks both.
Outstanding interview! Thank you
Where is Michelle Makori? I haven't seen her lately and she is outstanding.
Once people stop using it, it goes to zero and when electricity goes down, you have nothing it’s not money
If electricity goes you gonna have a lot bigger problems than worrying about your digital gold.
You need to research more before making half baked comment like this
@@Mdaddy4blockchains can’t save bitcoin. The bitcoin market is manipulated. The big players can make it go from $0 to $1,000,000 in an instant. Something with that amount of instability will never be close to providing the stability gold does with thousands of years of a good stable reputation behind it.
If no electricity then nothing works- Banks, ATMs, Venmo/Zelle, cellphones, Credit card terminals etc. Also, you can send bitcoin transactions through radio signals, morse code, and older technology in general (the internet is not absolutely required). The thing to remember is that if electricity input into the bitcoin network decreases, then the difficulty adjustment in the bitcoin network also decreases, making it easier to process transactions with the little electricity now available. You can even work bitcoin and hash transactions with pen and paper if needed. The network self-adjusts. Good stuff.
But we are not stopping to use it😂
If it's "infinitely divisible," then how is there a finite amount?
Sorry, but you won’t get my lunch!! Gold is mine, you can’t get your bit coin off an exchange without someone else involved.
damned right my gold bug friend
Good point.
Amen!!!
Its in my back pocket, you fool 🤣
@ let’s see a picture of you holding a bitcoin.
by what date might they announce the bitcoin strategic reserve? when do we need to get in by?
Crystal clear .. direct .. Love it.
Mallers has so much going right, but chooses to stay in Chicago? That right there is squarely an F in the decision making category. I can't help but think he bought a mansion somewhere on the north shore for literally pennies on the dollar, and his office is in the closet, lol! Jack, my advice to you as a Chicago native, who fled at the age of 18, just days after graduating high school is get the heck out of that hell hole. Sell that mansion, and buy a beautiful pad somewhere in the south, anywhere, as down here, it's all better than living up north, particularly Chicago which is totally broken.
us debtclock shows us on track to 51 trillion national debt by 2028! That to me is a huge loss of purchasing power.
of course it is-US time is almost up sadly
You don't buy 9 homes to live in them. They are investment properties.
If you think government spending to support the economy is strong this kid needs a lesson in economy when there is a strong economy there doesn't need to be any government intervention 35:06 . Does he not realize when you create as many government jobs as the government has that the taxpayer pays for those wages
Great interview 🔥
Great Bitcoiner ❤
The butthurt gold bugs came to the comment section 😂
I don’t think gold bugs are hurt because of bitcoin. I think the issue is that bitcoin will honestly NEVER take over gold’s position and they’re trying to warn people of the potential prospect of their wealth and money being stripped from them overnight through the manipulation of a fake money that doesn’t exist.
Don’t hold your wealth in something you can’t touch and has no long term proven track record. It’s just not smart.
Muh bitcon 🥴
@@YHVH1483digital money for the digital era, have fun shining your rocks
I've never heard a prudent and careful investor with the fortitude and intelligence to avoid the latest in a long history of Ponzi schemes referred to as a "butt hurt gold bug". Thanks for the vocabulary lesson I guess.
@ amen!
why would the gov sell fiat to buy bitcoin when it can buy more gold for less...?
J Powell isn't even an economic adjacent professional. He's an attorney
Total US gold reserves are presently worth less than a $trillion..
Jack is a visionary years ahead of his age
Gen Z - Are demoralized. Its a tragedy for them. I have 2 very hard working graduate engineers who cant afford to buy anything. You are correct there are two differnt economies. The world needs to help the Gen- Zers. How do we help them. There's nothing left for these young citizens.
graduate engineers who can;t afford to buy anything? they're making less than $60k, or just expect to not have any lean years?
Jack Ballers 💪
Powell saying gold is a speculative asset is BS imo. How can a tier 1 asset be speculative?
Never trust any man that commands credit creation. Gold is far from speculative asset. However, persuading people that it is speculative, keeps people's eye off the elephant they are trying to make disappear.
He's wrong about Boomers. They have more assets because they've been working more years. They had to survive interest rates rising from 2% to 20% 1971-81 and many lost everything.
A bitcoin that can’t be hoarded by the few is what needs to be developed. The bitcoin that exists will never be the currency that it was intended to be.
Hey someone please explain why “paying your bills in bitcoin” is a good idea, shouldn’t you to keep it
Cripes, the people in the comments still naysaying Bitcoin. Unreal. Resistance is futile.
Because for BS and a Scam
😂
Great interview 😊 thanks for sharing
This guy goes thru life like a little kid. Still believe in Santa?
Not only that, his office is in his closet. If you're a financial oracle, shouldn't you at least have an office for grown-ups? Am I watching Kitco or Kidco?
I think so
Or some clothes in the closet 😂
Looks like he is doing very well with that BTC. May be, grow up?
@@randalcolucci6833you are missing the entire point. There is a reason he’s in that closet. If you don’t know why, you don’t understand Bitcoin yet.
His mum is going to be really cross when she finds out that he's not at school.
Dollar cost average into Bitcoin, gold, silver. Equal amounts, each month. You will smash inflation.
Jack Mallers, legend!.
I would also like to live on Bitcoin alone, but unfortunately it's only like that in America right now. Please Jack, bring it to the EU too.
15:42 But it's a computer program created by man and there for it can be corrupted by man...Ugh!
Nope because it's decentralized like the base layer of the internet
No can’t
Jerome Powell is a Canzian economist. He doesn’t believe in limited money. Bitcoin as well as gold are limited and takes power away from the government as a world reserve currency. So there’s no wonder why your own Powell has nothing good to say about bitcoin or crypto.
Jack is amazing ❤❤❤❤
Why is he hangin in an empty closet? Where is the rolling ladder for the top cabinets? JUMP mfr JUMP!
I think that's a background and he's not actually in that room. Look at his hair and how it moves weirdly.
He sold his gold
Privacy by being public! Minimising attack vector by not holding asset that easy to seize
Gold bugs punching the air right now 😂
Ha ha funny to say punching air...kinda like cuddling up to a big bag of BTC lol
@@sojourneroftheland😂😂😂
@TedAllen83 😏
Just as charlatan as Michael Saylor.
Cry harder, luddite.
I like Michael Saylor. I think he's smart. Good strategy and he's making money! Great!
I'm still not buying BTC!!!
@tomd5202 Gold is dying.
@Fearzero
But its outperformed most of the market over the last year...
@@bradleyjordan5365 Bitcoin outperformed gold over 3x. Gold isn't keeping up with m2 money supply even. Negative 40 percent since 2014. Bitcoin is plus 37000 percent.
How much btc should one own
0
So if mining bitcoin is paid in bitcoin and one day all available supply will be made, what is the incentive to continue to mine ie authenticate the chain? Wouldnt it begin to fail at this point meaning bitcoin has an expiration date of the last coin mined?
Jack is really articulate and I have a lot of respect for his clear thinking. However, like he said, if Bitcoin is software, why can't software be changed so that max supply is NOT 21 million Bitcoin?
lol most of you have done 0 research on bitcoin i take it
Fantastic show and a wealth of information for the future.
Ark Angel Saint Thomas spoke about the mustard seed that where it is a Merkel tree design of creation and a new world emerges, our Bitcoin minors are that mustard seed. Ark Angel Saint Michael walks amongst us and our Father is whispering be calm my child all is well for you are protected by a bulwark of encryption, come join us, and if you don't know who we are, just open your Bible and read Revelations, we are his-story. Leviticus states that they will throw their Gold and Silver into the streets because it will not house them nor feed them, our human network has already passed Silver, then Gold will be next.
Best bitcoin explainer ever amazing
How democratic is something which just goes higher and higher in price?
If Bitcoin is so great, why are you pushing it so hard no one has to tell me gold and USD is valuable
Why stress or waste time and effort arguing? Get both Gold and Crypto. A piece of real estate, a tiny beginning business in ecommerce to boot.
If little plebby me can, anyone can. Either way is gonna be a win. The head honchos can do what they like, short of a nuke strike, me and my family will still be kicking and ready to move to any land on Earth that treats us best. And you?
The federal reserve considers the US dollar to be a liability 😂
can't be tooo great the kid is sitting in an EMPTY Closet - no cloths ????
😂he sold to buy bitcoin I can’t blame him no need for many clothes these days
You can’t be stupid to know that it’s just a prop! 😂😂😂😂