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Speaker 1: And now we've got a situation fundamentally where things have

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changed in a very dramatic way. You see the bitcoin

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having happened back in April. That means that the miners

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have fifty percent less bitcoin that they're producing every single day,

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so they are producing nine hundred to four or fifty bitcoin. Historically,

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in bitcoin cycles, takes around six months for this supply

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demand mechanism to fully catch up. In the last few weeks,

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Wall Street has bought an unfathomable amount of bitcoin.

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Speaker 2: You're listening to Carrie Lutz's Financial Survival Network, where you

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00:00:28,559 --> 00:00:32,520
get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than.

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Speaker 3: Ever, And welcome you are listening to and watching the

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Financial Survival Network.

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Speaker 4: I'm your host, Carrie Lutz.

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Speaker 3: It is We don't usually say dates all the time,

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but eleven eleven twenty four significant date, very significant date.

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Have you been watching the price of bitcoin? Because I do.

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I have to, because many of you out there are

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always firing questions at me about bitcoin. Well, hey, new

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record today eighty five K, and it was just last

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week that we hit seventy five K. Person I talked

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to who maybe he doesn't know how to program up

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blockchain currency, but he gets it and he can make

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it simple for you. Lark Davis Wealth Mastery. Lark, it's

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great to have you been. Have you on the show again.

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And man, this happened pretty quick.

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Speaker 1: You know, a lot's happened since last time we talked,

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and this breakout, and I've been talking about this for

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the past six months on the channel. I said, guys,

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we're going to keep consolidating. It doesn't matter how long

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CONSULTI for how ella goes. Just stay in the game, survive,

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keep stacking, keep focus on the big picture. Because as

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soon as we break over seventy four to seventy five K,

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that's it. That's it, that's the big signal. We're off

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to the races and from that point on, we're gonna

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move real hard, real fast. And that's what we're seeing

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right now. Because bitcoin has a history of this. When

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it breaks its highs, it tends to break them very fast. Now,

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the one back in March around the sort of this

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that ETF hype. That was a bit of an avarition, right,

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So because it was just this very much news event

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driven thing, the fundamentals didn't fully line up behind it.

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And now we've got a situation fundamentally where things have

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changed in a very dramatic way. You see the bitcoin

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having happened back in April. That means that the miners

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have fifty percent less bitcoin that they're producing every single day,

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so they are producing nine hundred to four or fifty bitcoin. Historically,

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in bitcoin cycles, takes around six months for this supply

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demand mechanism to fully catch up. In the last few weeks,

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Wall Street has bought an unfathomable amount of bitcoin. In

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the last month, they've probably bought six to seven months

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worth of minor supply. So that's just one source buying.

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It's not your on chain whales, your corporations or FAMI labs,

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right that stuff just Bitcoin ETF products. I've seen in

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such a high level of to manufacturer is one day

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last week Wednesday, where Wall Street literally bought the equivalent

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of about forty days of new minor production, meaning that

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there's just not enough new coins coming into the market.

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The long term holders are holding the new guys coming in, well,

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they depending on miners and stuff to supply them with it,

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but they're not getting enough, so the price is going

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to move hard.

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Speaker 4: And that's exactly what we're seeing right now. It's pretty amazing.

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I mean, I knew the breakout was coming.

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Speaker 3: Once it hit the broke out at sixty three seven,

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it passed that.

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Speaker 4: That was the giveaway.

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Speaker 3: The one thing we were talking pre call is I

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can pick these Bitcoin intermediate peaks in my sleep. And

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I'm not the greatest technical person out there. It's just

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so easy. Because it's going to go parabolic, I think

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that there's nothing between now and one hundred thousand to

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stop it. And it's only fifteen thousand. That's really not

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a big increase. It's, you know, fifteen percent increase or

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so to get to one hundred k. But we're going

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to get to a point above that. We're going to

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have an exhaustion rally where everybody who wants the stuff

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is going to buy it. Maybe Wall Street will trigger

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a sell off so they can take the profits and

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then buy more bitcoin. You know, it could go down

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eighty percent from its high. So if it goes down

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to eighty percent, we're looking at a thirty thousand dollars bitcoin,

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they'll be buying it up then. And you know, because

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we know the volatility, we've seen it go down ninety percent.

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The only thing with when you're buying lows and bitcoin

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is they're very very hard to catch the low. Easier

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to catch the hig than the low.

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Speaker 1: There's a lot more forgiving with lows though, because you

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have a lot more time to catch. You don't need

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to perfectly buy the bottom. But generally, when bitcoin goes down,

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it tends to stay down for a while. When Bitcoin peaks,

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it tends to peak for a very short amount of time.

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And that's the tricky part for a lot of people.

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They have lots of time to buy during the bear

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market five hundred bucks, thousand bucks, whatever it is each

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week and just relax stack wait for the market cycle

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to turn around, exactly what I do. You have a

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lot of time to do that, no rush then, But

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when the markets are peaking, that's when you got to

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act fast because things will go down real hard, real fast.

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That's what bitcoin always does. It peaks and that drops

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super fast, So you got to be ready if you're

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selling your bitcoin to do that.

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Speaker 3: Yeah, because look, it trades on pure emotion. The markets,

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it's all about emotion. Yeah, there's supply and demand. Nobody

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will dispute that there's less supply now from new miners.

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But there's no fundamental story to bitcoin other than the

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amount of new coins being produced. There's nothing else. So

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therefore emotion and then it hits My guess is one

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thirty five to one fifty will be that peak and

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hits that and then all of a sudden people are

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sitting on big profits, and then the fear replaces the greed.

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The fear is, wow, I'm up a three hundred percent

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on my bitcoin. I've made one hundred thousand dollars half

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a million dollars.

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Speaker 4: I don't want to lose that money.

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Speaker 3: And then we all mutually head for the exit and

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then it falls like you're trying to catch a falling knife.

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So we're up over one hundred percent this year so far,

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year to date, right.

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Speaker 1: That's right, just a little over hundred percent or right

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around there currently.

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Speaker 3: Right, So besides Bitcoin, what other coins joined in this rally?

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And you could have made even more money on sure

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all the big gap.

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Speaker 1: All coins have been doing generally pretty well. I mean

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there's a lot of the older coins that are not

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doing super well and are probably not going to do

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super well and may not even come.

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Speaker 4: Back to their previous highs.

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Speaker 1: So if you're one of the people who've been sitting

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around holding some of these these old dinosaur coins that

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have no one's talking about, they're not getting any attention,

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you're probably gonna underperform dramatically this cycle. The market loves

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new coins, the market loves new narratives, so we're seeing

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a lot of shiny new coins do really well. Coins

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that have come out in the last year or two.

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New networks like swee and aptos are getting a lot

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of attention. We're seeing mean coins, of course, being the

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really big, really big winners this cycle, and look to

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be very clear, ninety nine percent of the mean coins

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don't make it more than a couple hours in the market.

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Speaker 4: They're just scams and go immediately to zero.

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Speaker 1: Were a few, Yeah, there's a few that very small

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percentage that will do well. We'll get communities behind them,

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we get people who get excited about them, and they

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start buying and holding more and believing the narratives and

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sharing the memes and all that sort of stuff. And

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whether you love them or not, mean coins have been

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the best performing sector of the cryptoccurrence market this year.

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The biggest exponential gains have happened there. And if you

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are going to play that game, here's the thing. You

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don't have to take outside the risk by trying to

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find the next one that's going to go from one

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hundred thousand dollars market cap to a multi billion dollar

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market cap. The amount of people who do that are

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equivalent of lottery winners, really. But what you can do,

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you can find growing narratives and ride those waves. Right,

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Dog with hat as a pretty good one. It's an

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example of that, right. So it's a hot salonamane coin.

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It took a picture of dog to put a hat

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on it. People got really excited about that and a

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lot of people made a lot of money on that.

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But it's a powerful coin with really high trading volume.

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Traders love it, right, People love buying it, and so

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it's one of those narratives that's got enough play that

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it'll do well enough and will outperform versus Bitcoin certainly,

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I mean from here to the top. And we were

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talking about this. So if you're buying bitcoin today and

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it's moving so fast. I mean I feel like yesterday

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I was kind of charting out, like I get about

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one hundred percent. Maybe I've got one to fifty from

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today eighty five k. I mean, you don't got a

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lot of juice left in the tank. I mean you do,

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you do, right, But if you're if you're looking at

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buying bitcoin today, or you hear this and bitcoins at

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one hundred k or something like that, your upside from

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that level is not super high. Right, So if you're

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buying it at one hundred K, I'm going to sell

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to one fifty fifty percent.

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Speaker 4: It's not bad.

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Speaker 1: Fifty percent is great, fantastic, right. Maybe you throw a

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bit of leverage on there, make it it, you know,

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a little bit bigger. But the reality is, if bitcoin

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goes from one hundred k to one fifty K, a

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lot of these alt coins in the similar amount of

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time are going to do multi hundred percent gains.

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Speaker 4: Right.

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Speaker 1: So, if you're already riding the bitcoin wave, fantastic, big

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bitcoin long term fan here, by the way, buying before

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the breakout. But if you're looking for the late catchup plays,

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it's not buying bitcoin, Okay. What happens in the market

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is that the alt coin market tends to be a

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few weeks behind the bitcoin move. So in Bitcoin gets

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to one hundred or hundred ft k, we'll expect all

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coins to surge dramatically in a few weeks after that happens.

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Speaker 4: So which ones here?

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Speaker 3: You're not a financial advisor, but bitcoin doesn't fall into that,

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So we don't have to worry about personal advice or

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anything else, because this is like saying, oh, well, I'm

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going to go out and buy MS sixty four, sink

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you Dan's gold coins. There's no financial advice here, So

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what do you Which walt coins do you like?

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Speaker 4: Sure?

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Speaker 1: Absolutely so. There's a lot of great alt coins out there.

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If you want to keep the risk lowing, I have

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my second biggest position in my cryptoc grensport folows ethereum.

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If you want to keep the risk relatively low for

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crypto right, but have a chance to outperform versus Bitcoin

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the stage and the market cycle, Ethereum's probably got a

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two to one will outperform versus Bitcoin would be my guess.

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Speaker 4: Yeah, I would say so.

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Speaker 1: So if Bitcoin goes to hundred dyk, Ethereum goes to

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ten or twelve k, and that's where is it right

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around three thousand, two hundred three thousand greater bucks something like.

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Speaker 4: That, so little quintuple or quadruple somewhere around there. Yeah, exactly,

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So what bitcoin is gonna double?

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Speaker 1: This could go up, you know, a bit more than that, right.

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Other coins that I like are some of those ones

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that I mentioned already, you know, the the hot layer

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one block chains that are the new coins. They're shiny,

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they're hot, they're new, they got the hot new tech.

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Everyone's talking about them. There's a coins like aptose, coins

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like Sweet, right, I own Aptose, not Sweet. They're pretty

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similar to both out of the Facebook crypto experiment back

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in the day and the teams. The US government shut

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that down, but the team's left and then went off

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and created these blockchains, so they've kind of got that

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narrative working with them here as well. So these are

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these are popular getting a lot of attention. I think

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as well that you'll see. You know, I've currently got

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a great dog with hat long ago, and that's fantastic,

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but I think you'll see a lot of mean coins

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continue to do really well. Look, if you are going

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to go down the mean coin rabbit hole, I would say,

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don't take undue risk, and you're going to take a

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lot risk investing in a mean coin, right, realistically, wake up,

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you realize what you're doing.

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Speaker 4: With your life, what you're doing that.

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Speaker 3: Okay, yeah, so you put one that I like a

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tenth to one percent of your total crypto portfolio, five

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percent maybe at the most.

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Speaker 1: Exactly look at total acid allocation. If you're some of

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those five to ten percent of your total wealth in crypto, right,

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then that's mostly should be in bitcoin and ethereum, maybe

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Solana as well. And if all the rest of this stuff,

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keep it very very small. Okay, don't take too much risk.

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But I like Brett. Brett's a really interesting one. It's

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the top mean coin right now on the coinbase base chain,

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and I think it's got some potential to have have

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a good run. It's it's well positioned as a leading

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coin on Coinbase's blockchain essentially, so coinbased one hundred and

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fifty million users globally, pretty committed to getting people on

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chain with a new wall stuff like that. So I

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feel just got that virality potential.

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Speaker 3: So you're thinking coin base huh, and hey, so let's

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go back to you talked about Facebook.

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Speaker 4: Once upon a time, Facebook was.

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Speaker 3: Going to do their own crypto and then the Treasury

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Department put the kybosh on it. I think it was

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Jenny Yellen who did, in fact, and that was the

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end of that. But now we have a pro crypto president,

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and so not just Facebook but any company tesla. It's like,

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why not put all your vendors and all of your

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all the people you pay money too, and all the

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people that pay you money, why not put them on

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a coin and then, you know, because they can convert

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that coin anytime they want to cash.

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Speaker 4: Maybe you make it a stable coin, but maybe not.

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Speaker 3: Do you encourage people to hold on to it if

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they don't need the money and effectively invest their savings

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in your coin. Then you gave him a coin that

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you didn't have to actually pay out cash for. It's

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technically a liability on your books. I think that's the

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way the accounting code would do it. I think we

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could see the largest corporations in the world, the Microsofts,

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the Googles. You'd be crazy not to issue your own

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coin exclusively for payments to your vendors, and then he

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could convert almost for free.

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Speaker 4: Why not do it?

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Speaker 1: Look We're seeing a level of corporate adoption that's hard

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to fathom in any of the stories that I'm just

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going to give a few examples of here that if

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any of this stuff had happened five years ago, it

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would be game changing news. Now it's almost the footnote.

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So Sony's building a layer two blockchain. So that's really bigness.

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Sony one of the biggest, you know, electronics manufacturers in

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the world, they're building a crypto chain. Black Rock of

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course very famous to lunch in the bitcoin ETFs. But

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beyond that, listen to Larry Fink. Listen what he talks about. Yeah,

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he loves bitcoin.

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Speaker 4: Boy.

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Speaker 1: He's really excited about is the tokenization of literally everything.

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He wants to bring all mark gets, all assets on chain. Okay,

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remove the clearing houses, reduce friction, all that kind of stuff,

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and BlackRock's going to be right at the center of that.

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Speaker 4: Okay.

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Speaker 1: We're seeing some of the biggest banks the world bringing

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bonds and stuff on chain. We're seeing country launching stable coins.

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The UAE just launched them. Em Roddy Dearham stable coin. Microsoft.

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Speaking of Microsoft, they are looking at a shareholder vote

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to add bitcoin to their reserves because they're sitting one

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hundreds of billions dollars of cash which is being debased

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and losing values, So why not add some bitcoin. I

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don't know if that's vote's going to pass, but the

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fact that they're voting on it is massive in of itself.

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So yeah, we're going to see increasing adoption from corporations

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right across board, whether it's buying bitcoin, launching products, launching services,

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are launching their own chains. The next ten years probably

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in the market are probably going to be They're really

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the golden age of the cryptocurrency asset class we've gone past.

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Is this a serious investment class or not? Black Rock

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broke that open. Now we're in the it's a serious

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investment asset class. You usually be paying attention to it

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in the next ten years. Everybody scrambling to get a

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piece of the pie and have their strategy launch.

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Speaker 4: The products agreed.

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Speaker 3: So a company like Apple, and honestly, I don't think

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Microsoft really needed to take that shareholder vote. I think

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it's more posturing and signaling to the market where they're heading.

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A company like Apple, it's like you can we'll pay

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you in cash if you want, or we'll pay you

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one hundred and one and a half percent in an

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apple coin, right, So you're a vendor Apple, you'd be

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crazy not to take it because instantly up your profit margin.

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But if it's a coin that could prove in value,

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then you hold on to it whatever you don't need,

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or you take the one hundred and you convert it

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and you leave the one and a half percent there,

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so you give your your vendors incentives to retain the

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coin and to get paid it right, right, I mean

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it sounds like the greatest thing ever because even with

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if rates stay high, relatively high, every day that they

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don't convert it, you're making money on the float.

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Speaker 4: That's it. That's it. Absolutely, it's very very true.

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Speaker 1: You know, we're going to see a lot of this,

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whether it's loyalty points or stable coins launched by I

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mean we have PayPal, they launched a stable coin rate,

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or whether it's just apple Coin. It's all coming, it's

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all coming. Tim Cook has signaled that he's a fan

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of he holds Bitcoin and ethereum. Right, Apples spend the

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sort of will they won't they for a long time,

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and they've made some pos of steps, but it's all

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gonna happen. I one hundred percent think something like that's

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gonna happen, and a lot of these big corporations will

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go down that route.

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Speaker 3: All right, Well, hey, appreciate you coming on. Just tell

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us how do we connect with you on the web.

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Where do we find you at?

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Speaker 1: Absolutely come come find out X. Come find on YouTube

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Lark Davis. Make sure it's the verified accounts of course,

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and come check out our newsletter, The Wealthmastery. I can

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find at the Wealthmastery dot I one hundred and forty

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five thousand people week reading this bad boy.

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Speaker 4: I'm one of them. I'm one of them.

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Speaker 3: I catch it every time I can and appreciate you

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00:18:20,599 --> 00:18:23,440
coming on. Got a question for Lark or me? Email

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00:18:23,680 --> 00:18:27,400
kl at Carrie LUTs dot com and you'll find link

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00:18:27,519 --> 00:18:31,160
to Lark's site on Financial Survival Network dot com.

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Speaker 4: Just go there.

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Speaker 3: While you're there, please sign up for your free newsletter.

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We got fifty thousand subs now Lark and we're following

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in your footsteps.

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Speaker 4: Fantastic.

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Speaker 2: Well done, Thanks for listening to Carrie Letz's Financial Survival

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00:18:44,240 --> 00:18:48,640
Network your solution to today's trying times. For the latest,

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go to Financial Survival Network dot com. Financial survival network

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