Speaker 1: I think the broader picture here is, you know, gold
obviously has continued to rally along with silver, you know,
and gold is over a thirty trillion dollar market now.
Bitcoin is still under two trillion dollars. It's in that
two trillion dollar rate, So we're talking about something that's
eight percent or so of the overall gold market.
Speaker 2: App you are listening to Carrie Leutz's Financial Survival Network,
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Speaker 3: And welcome. You are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz. Well everything all
the headlines. Silver has been dominating for good reason since
we've made the call.
Speaker 1: In May.
Speaker 3: Mid May, silver broke thirty two and a half. We
knew that was the seminal moment. And today, as we're speaking,
silver's trading at ninety one dollars and change per ounce,
and the gold to silver ratio is shrinking by the second.
But we also made a call of bitcoin short squeeze,
and what we weren't expecting was the deliberate draw down
manipulation of Bitcoin going back down. I think Dan Novas
is with me now.
Speaker 1: Dan.
Speaker 3: It went down to like the eighties, right around eighty thousand,
maybe even broke eight thousand, and I didn't expect that
to happen. I expected the short squeeze that you're seeing
in silver right now to carry over to Bitcoin, but
they managed to knock it down by forty percent, and
that damn in the enthusiasm. But now that the medals
are on fire, which is something we predicted, bitcoin is
coming along for the show. As we speak, Dan, and
it's January fourteenth, twenty twenty six. Bitcoin hit a new
short term high of ninety seven two hundred dollars. It's
on its way, I had said from the get go
to fifty. I didn't think it was going to happen
last year in twenty twenty five, but I felt like
early on in twenty twenty six, it's going to happen.
What's your take on all this? I mean that was
a mouthful. I know that's not my usual intro, but
I felt like I had to set the scene here
because you're our expert here. You know, you're in the space,
you're the you know, founder CEO of Mode Mobile. You
live and breathe this stuff.
Speaker 1: Yeah, so personal, Wist, thanks for having me, Carrier, appreciate it.
And yeah, I mean I think a lot of what
you're saying is is that on you know, we had
a ton of momentum this summer, especially when you know
these dats were coming out, you know, the micro strategies
of the world. Then we saw some of the largest
amounts of accumulation ever in bitcoin's history, especially from company treasuries.
You have this regulatory momentum that's been happening ever since
the Trump administration has has taken play, and you could
see that even through the Trump family holdings and how
involved they did in the crypto market. I think what
happened in October, you know, if I'm not mistaken, I
believe the ay that we ever hit was October six
something something in that range. That in that week and
then we have this massive de leveraging. You know, a
lot of people were really feeling the momentum. You know,
there's a lot of speculation that we were going to
hit that two hundred thousand dollars and essentially then that
you know, short spleeas kind of occurred and you know,
there's a massage to the leveraging that really took a
lot of the momentum out of you know, the bitcoin
you know sales, I would say. And then now as
we get into the end of the year, a lot
of people are then thinking about you know, their tax
loss harvesting. There's some uncertainty in the markets, and also
there was some delays and of the regulatory side, you know,
there was a lot of there is a lot of
regulatory momentum, especially with the Clarity Act. That was something
that is now at their Senate and we believe that
it will likely be passed this year, hopefully before the midterms.
And what that essentially will do is that it'll set
the stage not just for bitcoin, but a broader crypto space,
finally having clarity within the industry of what is security,
who actually regulates the stuff, and it's been something that's
been boling down this industry for almost seven years. The
first time that we've ever seen a little bit of
momentum in the right direction is when you know, President
Trump said that, hey, we're gonna treat we're never going
to sell this bitcoin. We'reever going to sell these assets,
and America is going to be first and crypto. And
then you saw that happen. You know, it went from
you know, I think low seventy to hitting that one
hundred and twenty seven k and now we're at a
three month high. You know sense that you know October
sixth crash that we saw.
Speaker 3: Soon after, Okay, so yeah, I think we you know,
anytime you see a parabolic move, it's always subject to disruption.
It's always subject to a scrap to a crash. We
saw that happen. It doesn't take a whole heck of
a lot to trigger it because you've got what I
call synthetic bitcoin, which is this infrastructure of options, futures
and permanent futures. I think they're called, you know, things
you've never seen in any other financial instrument. But they
can only disrupt the market temporarily, right Yeah.
Speaker 1: I mean, what ultimately is different about the broader crypto
markets is that you have you know, trading that's happening
twenty four seven literally, and I think in Q three
and Q four there was a really interesting pattern that
it would emerge. You know, you would see a ton
of trading happening, like on Friday evenings and Sunday nights,
and it's when you know, the broader markets aren't there,
you know, the spot BT, bitcoin markets, the ETFs, you know,
the standard markets, they're not training at those times, so
there's not a ton of liquidity. And then at the
same time, you can go into these exchanges trade levered
a you know, ten twenty thirty X and you know,
depending on where the market goes, you could essentially essentially,
you know, kill everyone's position and then that has a
massive impact on the markets. You know that next day
once trading does occur, and so it's very unique to
the crypto markets. It's it's something that you don't have
in many places. And typically when there's not a lot
of liquidity in the market, that's when you're going to
see these moves up and down. We sort of saw
that also even during the New Years, you know, as
people were there's not much liquidity, things are closed and
you know, there there was a lot of all latility,
you know on those days.
Speaker 3: Right, a lot of volatility, and that makes all the
difference here. I guess bitcoin is always going to be volatile.
Isn't it.
Speaker 1: I do think it's. Yeah, it's always gonna be volatile.
These drawdowns are pretty normal. I mean, at the end
of the day, you know, if you look at the
long term horizon, we're still quite a lot. I believe that.
You know, before President Trump took like won the election,
you know, we're training in the seventies, the sixties and seventies.
Then we saw it skyrocket hit for the first time
one hundred k. There was a drawdown, and then we
hit a next high, which was one twenty seven, you know,
a few months later, and that's all wild that that
whole tariff stuff was happening. I mean, if you remember
April's complete chaos, you know in the markets, and you
know that's still occurred despite that. I think the broader
picture here is, you know, gold obviously has continued to
rally along with silver, you know, and gold is over
a thirty trillion dollar market now. Bitcoin is still under
two trillion dollars. You know, it's in that two trillion
dollar rate. So we're talking about something that's eight percent
or so of the overall gold market gap. If we
really think that the long term rison, is it reasonable
to say that the millennials that are coming into you know,
wealth from their you know, inheritance from the boomer generation,
and it's starting to become the main earners. Is it
more likely that they're going to buy more gold or
is it going to be that they're going to buy
more bitcoin. At the same time, you have other things
happening more on the geopolitical landscape. A lot of countries
are starting to move away from the dollar. They're buying
obviously these precious metals and that's why you see the
surge there, but a lot of them are also considering
and diversifying into bitcoin. I think a great example of this,
and this more of a case study. It's on certainly
the demand, but I think there is some correlation to
what happened over the last three or three days. Why
we've seen bitcoin surge is, you know, the stuff that's
oppenator ran right. Their currency essentially has deepagged into zero
and then there was this insane you know growth into
what bitcoin how much bitcoin costome country. In the past,
we would see that with like the the the premium
in Argentina. In Argentina where you know, people had a
very unstable UH dollar there that they did buy bitcoin
and it traded it a much higher amount. So I
think that you know, more and more countries, especially in
these more unstable markets, are going to continue going after bitcoin.
You know, tax lust harvesting is gone. We have the
Clarity Act. Obviously, some administration is very catable to this.
And then yesterday maybe some one of the biggest you
know inflows in bitcoin spot sense actually you know, the
all time highs, and so there's a lot of momentum
here and you know, I wouldn't be surprisingly hid all
time high, you know, definitely in the in the near future.
This year. I was one that fought we were going
to hit two hundred k prior to the you know,
the whole market manipulation that kind of happened in October.
But I definitely think we're we're not far off.
Speaker 3: Yeah, I agree now, and it was a little premature,
but hey, I've been holding silver for fifteen years, buying
it eight to ten dollars an ounce. So better to
be early as long as you can hold on than
to be late, right.
Speaker 1: I mean, I'm actually I was playing as little ray.
It's kind of dollars that would be great, sure.
Speaker 3: I mean, yeah, wasn't that long ago we're talking like
two thousand and nine, twenty ten, and yeah, obviously bitcoin
has far outperformed it, but so far this year, past
twelve months, silver is out performing bitcoin, which I find significant.
Speaker 1: It's interesting, and I think one point to that is,
you know, I personally wasn't a big metals holder myself,
but over the past year my ab diverse fied a
good portion of my portfolio into precious metals, and it's
and it's it's interesting to see. So, I mean, at
the same time, I think they While I did say that,
you know, is it reasonable to say that, you know,
millennials and this new kind of generation are more open
to digital goal, I do think that, you know, it
doesn't mean that gold's going to go away. I think
that people are opening up their eyes because they see, okay,
all this buyings occurring of gold from countries like China
and all this stuff that's bringing the price up even further,
and they're essentially, you know, you know, not looking at
the dollar as a safe haven, and so they're going
to be looking at other outsets like precious metals. But
I do think bitcoin has some of the biggest gains
that's possible here in the next five to ten years
amongst everything else and in other crypto as well. You know,
ethereum I think is also something that people should have
in their portfolio. And you know, we're still at a
pretty healthy ratio bitcoin to eth relative to where we've
seen the space.
Speaker 3: Over time, I think the bitcoin to ether ethereum ratio
will become the analogue to the gold to silver ratio,
don't you think.
Speaker 1: Yeah, I think that, you know, it's a it's a
good ratio to kind of think that. I think. I
also the way I sort of look at the ethereum
is somewhat similar to oil, you know, to some degree.
I mean, oil is like it's kind of what powers
our society, and I look at ethereum as kind of
what powers uh, you know, digital finance in many ways, right,
A lot of these smart contracts, these stable coins, they're
built on top of the theorium. Obviously there's other blockchains
out there, but you know, it's much more of like,
you know, a necessary in order for this digital finance
to occur. But I do think that there's elements of
boult in the way to think about it.
Speaker 3: All Right, So somebody who's getting into the space now, uh,
what how would you tell them to do it ETF
wallet because there is a layer of complication. I don't
want to call it complication, I call it friction. Uh,
because you know, you go to the bank, you stick
your ATM card in the slot, you get money. It's
not quite that simple with the with crypto currency, is it.
Speaker 1: Yeah. I mean the broker news are making easier these days.
I mean robin Hood makes it pretty easy to buy
crypto now. But if I was first getting into the space, yeah,
I mean I probably go with like some sort of
from ETF solution or I do believe that banks will
soon offer bitcoin and bitcoin cus see that's something that's
you know, as part of this kind of regulation that
allows banks to do that. But yeah, I would I
would ultimately look at uh, you know, if you want
to hold long term dollar cost averaging buying US, you know,
an ETF is a perfectly great way to do it.
You just kind of look at the fees and there's
a lot of a lot of competition out there. Now
you could always go for like the micro strategy of
the world, and the large play there is that they're
able to accumulate more bitcoin than everyone else because they're
essentially you know, leveraging the asset. And there's even soup
new solutions that micro Strategy has launched that can actually
just give you yield without through their bitcoin holdings, and
so you know, uh, like strike I believe is what
that's what that's called, and that allows you to have
some exposure to bitcoin but also have some nice yield
as well. So those are probably the ways that I
would look about it. And dollar cost averaging is the
right way to think about it, and allocating one to
you know, five percent of your overall portfolio, I think
to the bitcoin and ethereum long term will pay itself
off handsomely. You know, we're still pretty early in the space. Again,
if you really think about the ratio from gold to bitcoin,
which is the best correlation in comparison, eight percent is
still pretty small. There's a long way to go here.
Speaker 3: Yeah, yeah, agreed, agreed. All Right, So I guess the
only other question I've got for you is security. How
do you secure your bitcoin so that you don't get burned?
Speaker 1: Yeah, I mean I think that that's a great question.
There are many ways to do it. I mean, if again,
this is why I also typically recommend like the ETFs
or something in that nature, because you know, it's secured
within your brokerage count. If you do want to hold
your own keys and you're going to buy the coin.
I never recurrently keeping you know, crypto on in an exchange,
you know, because right now there's a lot of uh
scams out there, you know, you know, even if you
I don't know, I think it's just important to mention
to people. You know, like Coinbase, for example, Coinbase is
a very secure platform. It's it's highly unlikely that they're
you know, someone's going to hack into that and be
able just to take those funds. But the big thing
that happened here is social hacking. So you know, there
was a database leak of a lot of coin based
customers that happened in the dark web, and basically they
have your information. It doesn't necessarily say how much money
is in your account, but it might say, hey, uh,
you know, Joe John Smith has here's his phone number,
here's an information, and they'll call you pretending they're Coinbase
or patron at their Google and then the locky out
of your account. And I've actually had friends that have
lost out in you know, several hundred thousand dollars by
following these scams and then they you get flustered, and
you know, it happens very commonly. So best way to
secure bitcoin, you know, if you're going to hold the
keys itself, is usually through offline storage solutions. There's also
custody solutions that are two factor, three factor or multi
say essentially where two people need to sign that transaction.
And so you know, that's what I would recommend, h
And there are solutions like that even think about you know,
if you were to pass like how your errors would
get that bitcoin, and it's not easy to then you know,
get access that bitcoin on even if you were kidnapped
or something of that nature, because that the coin isn't
accessible just by you. So those are you know, step
one easiest to hardest and most complex of what I
would be thinking about.
Speaker 3: Yeah, I would say your best bet is a trust
and you could do simplified trust. Uh you never run,
you want to really hold the bitcoin in your name
per se for the reasons you said because the I mean, yeah,
if you have a beneficiary on the account, anything happens
to you, it goes to the beneficiary. That's fine, but
that doesn't cover you for mental disability, powers of attorney,
all that type of thing. So if you've got a
substantial holding, consider a trust. I'm not giving legal advice.
I'm just giving my own personal opinion, thinking about it
very carefully for my own crypto holdings as well. And
that's where the traditional, the traditional exchanges, the secure ones
like coinbase can work with a trust easier than the
non traditional. So just my opinion for what it's worth,
not advice.
Speaker 1: Damn.
Speaker 3: People want to find out more about you, connect with
you on the web and all of that good stuff.
What do you do?
Speaker 1: Yeah, they can check out our company, it's called Mobile.
We're pretty vocal, you know. We're one of the biggest
crowdfunders in the space and have a lot of different
cryptosolutions built within our products and some new one launching
later this year. They can check us out at mudmobile
dot com and you know, also email me at Dan
at mugmobile dot com and feelable my names. They'll see
the socials and everything of that nature.
Speaker 3: All right, Well, hey, appreciate you coming on. Any questions
comments for Dan myself email Klatcarrie Lutz dot com. Make
sure you check out my book latest bestseller on Amazon
and elsewhere. It's a bestseller called the Armstrong Economic Code.
And Hey, write me an email, let me know your
thoughts here. Have you thought about putting your cryptocurrency in
a trust?
Speaker 1: Dan?
Speaker 3: Great meeting you, speaking with you. We'll talk to you
again real soon.
Speaker 2: Thanks Gerry, thanks for listening to Carrie Letz's Financial Survival Network,
your solution to today's trying times. For the latest, go
to Financial Survivalnetwork dot com. Financial Survival Network now more
than ever
Speaker 3: Contro