Speaker 1: And now we've got a situation fundamentally where things have
changed in a very dramatic way. You see the bitcoin
having happened back in April. That means that the miners
have fifty percent less bitcoin that they're producing every single day,
so they are producing nine hundred to four or fifty bitcoin. Historically,
in bitcoin cycles, takes around six months for this supply
demand mechanism to fully catch up. In the last few weeks,
Wall Street has bought an unfathomable amount of bitcoin.
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Speaker 3: Ever, And welcome you are listening to and watching the
Financial Survival Network.
Speaker 4: I'm your host, Carrie Lutz.
Speaker 3: It is We don't usually say dates all the time,
but eleven eleven twenty four significant date, very significant date.
Have you been watching the price of bitcoin? Because I do.
I have to, because many of you out there are
always firing questions at me about bitcoin. Well, hey, new
record today eighty five K, and it was just last
week that we hit seventy five K. Person I talked
to who maybe he doesn't know how to program up
blockchain currency, but he gets it and he can make
it simple for you. Lark Davis Wealth Mastery. Lark, it's
great to have you been. Have you on the show again.
And man, this happened pretty quick.
Speaker 1: You know, a lot's happened since last time we talked,
and this breakout, and I've been talking about this for
the past six months on the channel. I said, guys,
we're going to keep consolidating. It doesn't matter how long
CONSULTI for how ella goes. Just stay in the game, survive,
keep stacking, keep focus on the big picture. Because as
soon as we break over seventy four to seventy five K,
that's it. That's it, that's the big signal. We're off
to the races and from that point on, we're gonna
move real hard, real fast. And that's what we're seeing
right now. Because bitcoin has a history of this. When
it breaks its highs, it tends to break them very fast. Now,
the one back in March around the sort of this
that ETF hype. That was a bit of an avarition, right,
So because it was just this very much news event
driven thing, the fundamentals didn't fully line up behind it.
And now we've got a situation fundamentally where things have
changed in a very dramatic way. You see the bitcoin
having happened back in April. That means that the miners
have fifty percent less bitcoin that they're producing every single day,
so they are producing nine hundred to four or fifty bitcoin. Historically,
in bitcoin cycles, takes around six months for this supply
demand mechanism to fully catch up. In the last few weeks,
Wall Street has bought an unfathomable amount of bitcoin. In
the last month, they've probably bought six to seven months
worth of minor supply. So that's just one source buying.
It's not your on chain whales, your corporations or FAMI labs,
right that stuff just Bitcoin ETF products. I've seen in
such a high level of to manufacturer is one day
last week Wednesday, where Wall Street literally bought the equivalent
of about forty days of new minor production, meaning that
there's just not enough new coins coming into the market.
The long term holders are holding the new guys coming in, well,
they depending on miners and stuff to supply them with it,
but they're not getting enough, so the price is going
to move hard.
Speaker 4: And that's exactly what we're seeing right now. It's pretty amazing.
I mean, I knew the breakout was coming.
Speaker 3: Once it hit the broke out at sixty three seven,
it passed that.
Speaker 4: That was the giveaway.
Speaker 3: The one thing we were talking pre call is I
can pick these Bitcoin intermediate peaks in my sleep. And
I'm not the greatest technical person out there. It's just
so easy. Because it's going to go parabolic, I think
that there's nothing between now and one hundred thousand to
stop it. And it's only fifteen thousand. That's really not
a big increase. It's, you know, fifteen percent increase or
so to get to one hundred k. But we're going
to get to a point above that. We're going to
have an exhaustion rally where everybody who wants the stuff
is going to buy it. Maybe Wall Street will trigger
a sell off so they can take the profits and
then buy more bitcoin. You know, it could go down
eighty percent from its high. So if it goes down
to eighty percent, we're looking at a thirty thousand dollars bitcoin,
they'll be buying it up then. And you know, because
we know the volatility, we've seen it go down ninety percent.
The only thing with when you're buying lows and bitcoin
is they're very very hard to catch the low. Easier
to catch the hig than the low.
Speaker 1: There's a lot more forgiving with lows though, because you
have a lot more time to catch. You don't need
to perfectly buy the bottom. But generally, when bitcoin goes down,
it tends to stay down for a while. When Bitcoin peaks,
it tends to peak for a very short amount of time.
And that's the tricky part for a lot of people.
They have lots of time to buy during the bear
market five hundred bucks, thousand bucks, whatever it is each
week and just relax stack wait for the market cycle
to turn around, exactly what I do. You have a
lot of time to do that, no rush then, But
when the markets are peaking, that's when you got to
act fast because things will go down real hard, real fast.
That's what bitcoin always does. It peaks and that drops
super fast, So you got to be ready if you're
selling your bitcoin to do that.
Speaker 3: Yeah, because look, it trades on pure emotion. The markets,
it's all about emotion. Yeah, there's supply and demand. Nobody
will dispute that there's less supply now from new miners.
But there's no fundamental story to bitcoin other than the
amount of new coins being produced. There's nothing else. So
therefore emotion and then it hits My guess is one
thirty five to one fifty will be that peak and
hits that and then all of a sudden people are
sitting on big profits, and then the fear replaces the greed.
The fear is, wow, I'm up a three hundred percent
on my bitcoin. I've made one hundred thousand dollars half
a million dollars.
Speaker 4: I don't want to lose that money.
Speaker 3: And then we all mutually head for the exit and
then it falls like you're trying to catch a falling knife.
So we're up over one hundred percent this year so far,
year to date, right.
Speaker 1: That's right, just a little over hundred percent or right
around there currently.
Speaker 3: Right, So besides Bitcoin, what other coins joined in this rally?
And you could have made even more money on sure
all the big gap.
Speaker 1: All coins have been doing generally pretty well. I mean
there's a lot of the older coins that are not
doing super well and are probably not going to do
super well and may not even come.
Speaker 4: Back to their previous highs.
Speaker 1: So if you're one of the people who've been sitting
around holding some of these these old dinosaur coins that
have no one's talking about, they're not getting any attention,
you're probably gonna underperform dramatically this cycle. The market loves
new coins, the market loves new narratives, so we're seeing
a lot of shiny new coins do really well. Coins
that have come out in the last year or two.
New networks like swee and aptos are getting a lot
of attention. We're seeing mean coins, of course, being the
really big, really big winners this cycle, and look to
be very clear, ninety nine percent of the mean coins
don't make it more than a couple hours in the market.
Speaker 4: They're just scams and go immediately to zero.
Speaker 1: Were a few, Yeah, there's a few that very small
percentage that will do well. We'll get communities behind them,
we get people who get excited about them, and they
start buying and holding more and believing the narratives and
sharing the memes and all that sort of stuff. And
whether you love them or not, mean coins have been
the best performing sector of the cryptoccurrence market this year.
The biggest exponential gains have happened there. And if you
are going to play that game, here's the thing. You
don't have to take outside the risk by trying to
find the next one that's going to go from one
hundred thousand dollars market cap to a multi billion dollar
market cap. The amount of people who do that are
equivalent of lottery winners, really. But what you can do,
you can find growing narratives and ride those waves. Right,
Dog with hat as a pretty good one. It's an
example of that, right. So it's a hot salonamane coin.
It took a picture of dog to put a hat
on it. People got really excited about that and a
lot of people made a lot of money on that.
But it's a powerful coin with really high trading volume.
Traders love it, right, People love buying it, and so
it's one of those narratives that's got enough play that
it'll do well enough and will outperform versus Bitcoin certainly,
I mean from here to the top. And we were
talking about this. So if you're buying bitcoin today and
it's moving so fast. I mean I feel like yesterday
I was kind of charting out, like I get about
one hundred percent. Maybe I've got one to fifty from
today eighty five k. I mean, you don't got a
lot of juice left in the tank. I mean you do,
you do, right, But if you're if you're looking at
buying bitcoin today, or you hear this and bitcoins at
one hundred k or something like that, your upside from
that level is not super high. Right, So if you're
buying it at one hundred K, I'm going to sell
to one fifty fifty percent.
Speaker 4: It's not bad.
Speaker 1: Fifty percent is great, fantastic, right. Maybe you throw a
bit of leverage on there, make it it, you know,
a little bit bigger. But the reality is, if bitcoin
goes from one hundred k to one fifty K, a
lot of these alt coins in the similar amount of
time are going to do multi hundred percent gains.
Speaker 4: Right.
Speaker 1: So, if you're already riding the bitcoin wave, fantastic, big
bitcoin long term fan here, by the way, buying before
the breakout. But if you're looking for the late catchup plays,
it's not buying bitcoin, Okay. What happens in the market
is that the alt coin market tends to be a
few weeks behind the bitcoin move. So in Bitcoin gets
to one hundred or hundred ft k, we'll expect all
coins to surge dramatically in a few weeks after that happens.
Speaker 4: So which ones here?
Speaker 3: You're not a financial advisor, but bitcoin doesn't fall into that,
So we don't have to worry about personal advice or
anything else, because this is like saying, oh, well, I'm
going to go out and buy MS sixty four, sink
you Dan's gold coins. There's no financial advice here, So
what do you Which walt coins do you like?
Speaker 4: Sure?
Speaker 1: Absolutely so. There's a lot of great alt coins out there.
If you want to keep the risk lowing, I have
my second biggest position in my cryptoc grensport folows ethereum.
If you want to keep the risk relatively low for
crypto right, but have a chance to outperform versus Bitcoin
the stage and the market cycle, Ethereum's probably got a
two to one will outperform versus Bitcoin would be my guess.
Speaker 4: Yeah, I would say so.
Speaker 1: So if Bitcoin goes to hundred dyk, Ethereum goes to
ten or twelve k, and that's where is it right
around three thousand, two hundred three thousand greater bucks something like.
Speaker 4: That, so little quintuple or quadruple somewhere around there. Yeah, exactly,
So what bitcoin is gonna double?
Speaker 1: This could go up, you know, a bit more than that, right.
Other coins that I like are some of those ones
that I mentioned already, you know, the the hot layer
one block chains that are the new coins. They're shiny,
they're hot, they're new, they got the hot new tech.
Everyone's talking about them. There's a coins like aptose, coins
like Sweet, right, I own Aptose, not Sweet. They're pretty
similar to both out of the Facebook crypto experiment back
in the day and the teams. The US government shut
that down, but the team's left and then went off
and created these blockchains, so they've kind of got that
narrative working with them here as well. So these are
these are popular getting a lot of attention. I think
as well that you'll see. You know, I've currently got
a great dog with hat long ago, and that's fantastic,
but I think you'll see a lot of mean coins
continue to do really well. Look, if you are going
to go down the mean coin rabbit hole, I would say,
don't take undue risk, and you're going to take a
lot risk investing in a mean coin, right, realistically, wake up,
you realize what you're doing.
Speaker 4: With your life, what you're doing that.
Speaker 3: Okay, yeah, so you put one that I like a
tenth to one percent of your total crypto portfolio, five
percent maybe at the most.
Speaker 1: Exactly look at total acid allocation. If you're some of
those five to ten percent of your total wealth in crypto, right,
then that's mostly should be in bitcoin and ethereum, maybe
Solana as well. And if all the rest of this stuff,
keep it very very small. Okay, don't take too much risk.
But I like Brett. Brett's a really interesting one. It's
the top mean coin right now on the coinbase base chain,
and I think it's got some potential to have have
a good run. It's it's well positioned as a leading
coin on Coinbase's blockchain essentially, so coinbased one hundred and
fifty million users globally, pretty committed to getting people on
chain with a new wall stuff like that. So I
feel just got that virality potential.
Speaker 3: So you're thinking coin base huh, and hey, so let's
go back to you talked about Facebook.
Speaker 4: Once upon a time, Facebook was.
Speaker 3: Going to do their own crypto and then the Treasury
Department put the kybosh on it. I think it was
Jenny Yellen who did, in fact, and that was the
end of that. But now we have a pro crypto president,
and so not just Facebook but any company tesla. It's like,
why not put all your vendors and all of your
all the people you pay money too, and all the
people that pay you money, why not put them on
a coin and then, you know, because they can convert
that coin anytime they want to cash.
Speaker 4: Maybe you make it a stable coin, but maybe not.
Speaker 3: Do you encourage people to hold on to it if
they don't need the money and effectively invest their savings
in your coin. Then you gave him a coin that
you didn't have to actually pay out cash for. It's
technically a liability on your books. I think that's the
way the accounting code would do it. I think we
could see the largest corporations in the world, the Microsofts,
the Googles. You'd be crazy not to issue your own
coin exclusively for payments to your vendors, and then he
could convert almost for free.
Speaker 4: Why not do it?
Speaker 1: Look We're seeing a level of corporate adoption that's hard
to fathom in any of the stories that I'm just
going to give a few examples of here that if
any of this stuff had happened five years ago, it
would be game changing news. Now it's almost the footnote.
So Sony's building a layer two blockchain. So that's really bigness.
Sony one of the biggest, you know, electronics manufacturers in
the world, they're building a crypto chain. Black Rock of
course very famous to lunch in the bitcoin ETFs. But
beyond that, listen to Larry Fink. Listen what he talks about. Yeah,
he loves bitcoin.
Speaker 4: Boy.
Speaker 1: He's really excited about is the tokenization of literally everything.
He wants to bring all mark gets, all assets on chain. Okay,
remove the clearing houses, reduce friction, all that kind of stuff,
and BlackRock's going to be right at the center of that.
Speaker 4: Okay.
Speaker 1: We're seeing some of the biggest banks the world bringing
bonds and stuff on chain. We're seeing country launching stable coins.
The UAE just launched them. Em Roddy Dearham stable coin. Microsoft.
Speaking of Microsoft, they are looking at a shareholder vote
to add bitcoin to their reserves because they're sitting one
hundreds of billions dollars of cash which is being debased
and losing values, So why not add some bitcoin. I
don't know if that's vote's going to pass, but the
fact that they're voting on it is massive in of itself.
So yeah, we're going to see increasing adoption from corporations
right across board, whether it's buying bitcoin, launching products, launching services,
are launching their own chains. The next ten years probably
in the market are probably going to be They're really
the golden age of the cryptocurrency asset class we've gone past.
Is this a serious investment class or not? Black Rock
broke that open. Now we're in the it's a serious
investment asset class. You usually be paying attention to it
in the next ten years. Everybody scrambling to get a
piece of the pie and have their strategy launch.
Speaker 4: The products agreed.
Speaker 3: So a company like Apple, and honestly, I don't think
Microsoft really needed to take that shareholder vote. I think
it's more posturing and signaling to the market where they're heading.
A company like Apple, it's like you can we'll pay
you in cash if you want, or we'll pay you
one hundred and one and a half percent in an
apple coin, right, So you're a vendor Apple, you'd be
crazy not to take it because instantly up your profit margin.
But if it's a coin that could prove in value,
then you hold on to it whatever you don't need,
or you take the one hundred and you convert it
and you leave the one and a half percent there,
so you give your your vendors incentives to retain the
coin and to get paid it right, right, I mean
it sounds like the greatest thing ever because even with
if rates stay high, relatively high, every day that they
don't convert it, you're making money on the float.
Speaker 4: That's it. That's it. Absolutely, it's very very true.
Speaker 1: You know, we're going to see a lot of this,
whether it's loyalty points or stable coins launched by I
mean we have PayPal, they launched a stable coin rate,
or whether it's just apple Coin. It's all coming, it's
all coming. Tim Cook has signaled that he's a fan
of he holds Bitcoin and ethereum. Right, Apples spend the
sort of will they won't they for a long time,
and they've made some pos of steps, but it's all
gonna happen. I one hundred percent think something like that's
gonna happen, and a lot of these big corporations will
go down that route.
Speaker 3: All right, Well, hey, appreciate you coming on. Just tell
us how do we connect with you on the web.
Where do we find you at?
Speaker 1: Absolutely come come find out X. Come find on YouTube
Lark Davis. Make sure it's the verified accounts of course,
and come check out our newsletter, The Wealthmastery. I can
find at the Wealthmastery dot I one hundred and forty
five thousand people week reading this bad boy.
Speaker 4: I'm one of them. I'm one of them.
Speaker 3: I catch it every time I can and appreciate you
coming on. Got a question for Lark or me? Email
kl at Carrie LUTs dot com and you'll find link
to Lark's site on Financial Survival Network dot com.
Speaker 4: Just go there.
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We got fifty thousand subs now Lark and we're following
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Speaker 4: Fantastic.
Speaker 2: Well done, Thanks for listening to Carrie Letz's Financial Survival
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