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Speaker 1: I think the broader picture here is, you know, gold

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obviously has continued to rally along with silver, you know,

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and gold is over a thirty trillion dollar market now.

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Bitcoin is still under two trillion dollars. It's in that

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two trillion dollar rate, So we're talking about something that's

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eight percent or so of the overall gold market.

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Speaker 2: App you are listening to Carrie Leutz's Financial Survival Network,

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where you get valuable information you just can't find anywhere

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else to thrive in today's trying times. You need the

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Financial Survival Network now more than ever. Go to Financial

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Survivalnetwork dot com and get your free newsletter and gift.

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Financial Survival Network now more than ever.

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Speaker 3: And welcome. You are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Lutz. Well everything all

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the headlines. Silver has been dominating for good reason since

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we've made the call.

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Speaker 1: In May.

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Speaker 3: Mid May, silver broke thirty two and a half. We

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knew that was the seminal moment. And today, as we're speaking,

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silver's trading at ninety one dollars and change per ounce,

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and the gold to silver ratio is shrinking by the second.

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But we also made a call of bitcoin short squeeze,

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and what we weren't expecting was the deliberate draw down

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manipulation of Bitcoin going back down. I think Dan Novas

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is with me now.

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Speaker 1: Dan.

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Speaker 3: It went down to like the eighties, right around eighty thousand,

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maybe even broke eight thousand, and I didn't expect that

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to happen. I expected the short squeeze that you're seeing

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in silver right now to carry over to Bitcoin, but

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they managed to knock it down by forty percent, and

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that damn in the enthusiasm. But now that the medals

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are on fire, which is something we predicted, bitcoin is

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coming along for the show. As we speak, Dan, and

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it's January fourteenth, twenty twenty six. Bitcoin hit a new

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short term high of ninety seven two hundred dollars. It's

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on its way, I had said from the get go

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to fifty. I didn't think it was going to happen

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last year in twenty twenty five, but I felt like

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early on in twenty twenty six, it's going to happen.

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What's your take on all this? I mean that was

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a mouthful. I know that's not my usual intro, but

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I felt like I had to set the scene here

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because you're our expert here. You know, you're in the space,

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you're the you know, founder CEO of Mode Mobile. You

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live and breathe this stuff.

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Speaker 1: Yeah, so personal, Wist, thanks for having me, Carrier, appreciate it.

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And yeah, I mean I think a lot of what

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you're saying is is that on you know, we had

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a ton of momentum this summer, especially when you know

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these dats were coming out, you know, the micro strategies

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of the world. Then we saw some of the largest

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amounts of accumulation ever in bitcoin's history, especially from company treasuries.

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You have this regulatory momentum that's been happening ever since

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the Trump administration has has taken play, and you could

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see that even through the Trump family holdings and how

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involved they did in the crypto market. I think what

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happened in October, you know, if I'm not mistaken, I

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believe the ay that we ever hit was October six

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something something in that range. That in that week and

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then we have this massive de leveraging. You know, a

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lot of people were really feeling the momentum. You know,

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there's a lot of speculation that we were going to

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hit that two hundred thousand dollars and essentially then that

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you know, short spleeas kind of occurred and you know,

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there's a massage to the leveraging that really took a

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lot of the momentum out of you know, the bitcoin

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you know sales, I would say. And then now as

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we get into the end of the year, a lot

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of people are then thinking about you know, their tax

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loss harvesting. There's some uncertainty in the markets, and also

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there was some delays and of the regulatory side, you know,

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there was a lot of there is a lot of

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regulatory momentum, especially with the Clarity Act. That was something

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that is now at their Senate and we believe that

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it will likely be passed this year, hopefully before the midterms.

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And what that essentially will do is that it'll set

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the stage not just for bitcoin, but a broader crypto space,

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finally having clarity within the industry of what is security,

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who actually regulates the stuff, and it's been something that's

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been boling down this industry for almost seven years. The

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first time that we've ever seen a little bit of

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momentum in the right direction is when you know, President

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Trump said that, hey, we're gonna treat we're never going

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to sell this bitcoin. We'reever going to sell these assets,

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and America is going to be first and crypto. And

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then you saw that happen. You know, it went from

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you know, I think low seventy to hitting that one

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hundred and twenty seven k and now we're at a

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three month high. You know sense that you know October

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sixth crash that we saw.

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Speaker 3: Soon after, Okay, so yeah, I think we you know,

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anytime you see a parabolic move, it's always subject to disruption.

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It's always subject to a scrap to a crash. We

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saw that happen. It doesn't take a whole heck of

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a lot to trigger it because you've got what I

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call synthetic bitcoin, which is this infrastructure of options, futures

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and permanent futures. I think they're called, you know, things

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you've never seen in any other financial instrument. But they

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can only disrupt the market temporarily, right Yeah.

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Speaker 1: I mean, what ultimately is different about the broader crypto

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markets is that you have you know, trading that's happening

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twenty four seven literally, and I think in Q three

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and Q four there was a really interesting pattern that

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it would emerge. You know, you would see a ton

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of trading happening, like on Friday evenings and Sunday nights,

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and it's when you know, the broader markets aren't there,

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you know, the spot BT, bitcoin markets, the ETFs, you know,

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the standard markets, they're not training at those times, so

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there's not a ton of liquidity. And then at the

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same time, you can go into these exchanges trade levered

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a you know, ten twenty thirty X and you know,

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depending on where the market goes, you could essentially essentially,

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you know, kill everyone's position and then that has a

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massive impact on the markets. You know that next day

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once trading does occur, and so it's very unique to

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the crypto markets. It's it's something that you don't have

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in many places. And typically when there's not a lot

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of liquidity in the market, that's when you're going to

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see these moves up and down. We sort of saw

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that also even during the New Years, you know, as

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people were there's not much liquidity, things are closed and

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you know, there there was a lot of all latility,

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you know on those days.

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Speaker 3: Right, a lot of volatility, and that makes all the

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difference here. I guess bitcoin is always going to be volatile.

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Isn't it.

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Speaker 1: I do think it's. Yeah, it's always gonna be volatile.

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These drawdowns are pretty normal. I mean, at the end

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of the day, you know, if you look at the

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long term horizon, we're still quite a lot. I believe that.

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You know, before President Trump took like won the election,

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you know, we're training in the seventies, the sixties and seventies.

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Then we saw it skyrocket hit for the first time

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one hundred k. There was a drawdown, and then we

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hit a next high, which was one twenty seven, you know,

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a few months later, and that's all wild that that

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whole tariff stuff was happening. I mean, if you remember

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April's complete chaos, you know in the markets, and you

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know that's still occurred despite that. I think the broader

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picture here is, you know, gold obviously has continued to

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rally along with silver, you know, and gold is over

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a thirty trillion dollar market now. Bitcoin is still under

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two trillion dollars. You know, it's in that two trillion

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dollar rate. So we're talking about something that's eight percent

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or so of the overall gold market gap. If we

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really think that the long term rison, is it reasonable

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to say that the millennials that are coming into you know,

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wealth from their you know, inheritance from the boomer generation,

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and it's starting to become the main earners. Is it

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more likely that they're going to buy more gold or

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is it going to be that they're going to buy

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more bitcoin. At the same time, you have other things

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happening more on the geopolitical landscape. A lot of countries

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are starting to move away from the dollar. They're buying

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obviously these precious metals and that's why you see the

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surge there, but a lot of them are also considering

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and diversifying into bitcoin. I think a great example of this,

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and this more of a case study. It's on certainly

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the demand, but I think there is some correlation to

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what happened over the last three or three days. Why

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we've seen bitcoin surge is, you know, the stuff that's

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oppenator ran right. Their currency essentially has deepagged into zero

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and then there was this insane you know growth into

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what bitcoin how much bitcoin costome country. In the past,

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we would see that with like the the the premium

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in Argentina. In Argentina where you know, people had a

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very unstable UH dollar there that they did buy bitcoin

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and it traded it a much higher amount. So I

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think that you know, more and more countries, especially in

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these more unstable markets, are going to continue going after bitcoin.

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You know, tax lust harvesting is gone. We have the

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Clarity Act. Obviously, some administration is very catable to this.

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And then yesterday maybe some one of the biggest you

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know inflows in bitcoin spot sense actually you know, the

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all time highs, and so there's a lot of momentum

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here and you know, I wouldn't be surprisingly hid all

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time high, you know, definitely in the in the near future.

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This year. I was one that fought we were going

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to hit two hundred k prior to the you know,

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the whole market manipulation that kind of happened in October.

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But I definitely think we're we're not far off.

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Speaker 3: Yeah, I agree now, and it was a little premature,

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but hey, I've been holding silver for fifteen years, buying

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it eight to ten dollars an ounce. So better to

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be early as long as you can hold on than

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to be late, right.

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Speaker 1: I mean, I'm actually I was playing as little ray.

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It's kind of dollars that would be great, sure.

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Speaker 3: I mean, yeah, wasn't that long ago we're talking like

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two thousand and nine, twenty ten, and yeah, obviously bitcoin

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has far outperformed it, but so far this year, past

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twelve months, silver is out performing bitcoin, which I find significant.

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Speaker 1: It's interesting, and I think one point to that is,

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you know, I personally wasn't a big metals holder myself,

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but over the past year my ab diverse fied a

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good portion of my portfolio into precious metals, and it's

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and it's it's interesting to see. So, I mean, at

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the same time, I think they While I did say that,

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you know, is it reasonable to say that, you know,

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millennials and this new kind of generation are more open

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to digital goal, I do think that, you know, it

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doesn't mean that gold's going to go away. I think

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that people are opening up their eyes because they see, okay,

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all this buyings occurring of gold from countries like China

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and all this stuff that's bringing the price up even further,

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and they're essentially, you know, you know, not looking at

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the dollar as a safe haven, and so they're going

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to be looking at other outsets like precious metals. But

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I do think bitcoin has some of the biggest gains

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that's possible here in the next five to ten years

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amongst everything else and in other crypto as well. You know,

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ethereum I think is also something that people should have

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in their portfolio. And you know, we're still at a

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pretty healthy ratio bitcoin to eth relative to where we've

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seen the space.

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Speaker 3: Over time, I think the bitcoin to ether ethereum ratio

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will become the analogue to the gold to silver ratio,

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don't you think.

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Speaker 1: Yeah, I think that, you know, it's a it's a

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good ratio to kind of think that. I think. I

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also the way I sort of look at the ethereum

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is somewhat similar to oil, you know, to some degree.

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I mean, oil is like it's kind of what powers

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our society, and I look at ethereum as kind of

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what powers uh, you know, digital finance in many ways, right,

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A lot of these smart contracts, these stable coins, they're

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built on top of the theorium. Obviously there's other blockchains

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out there, but you know, it's much more of like,

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you know, a necessary in order for this digital finance

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to occur. But I do think that there's elements of

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boult in the way to think about it.

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Speaker 3: All Right, So somebody who's getting into the space now, uh,

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what how would you tell them to do it ETF

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wallet because there is a layer of complication. I don't

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want to call it complication, I call it friction. Uh,

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because you know, you go to the bank, you stick

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your ATM card in the slot, you get money. It's

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not quite that simple with the with crypto currency, is it.

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Speaker 1: Yeah. I mean the broker news are making easier these days.

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I mean robin Hood makes it pretty easy to buy

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crypto now. But if I was first getting into the space, yeah,

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I mean I probably go with like some sort of

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from ETF solution or I do believe that banks will

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soon offer bitcoin and bitcoin cus see that's something that's

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you know, as part of this kind of regulation that

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allows banks to do that. But yeah, I would I

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would ultimately look at uh, you know, if you want

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to hold long term dollar cost averaging buying US, you know,

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an ETF is a perfectly great way to do it.

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You just kind of look at the fees and there's

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a lot of a lot of competition out there. Now

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you could always go for like the micro strategy of

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the world, and the large play there is that they're

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able to accumulate more bitcoin than everyone else because they're

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essentially you know, leveraging the asset. And there's even soup

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new solutions that micro Strategy has launched that can actually

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just give you yield without through their bitcoin holdings, and

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so you know, uh, like strike I believe is what

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that's what that's called, and that allows you to have

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some exposure to bitcoin but also have some nice yield

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as well. So those are probably the ways that I

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would look about it. And dollar cost averaging is the

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right way to think about it, and allocating one to

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you know, five percent of your overall portfolio, I think

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to the bitcoin and ethereum long term will pay itself

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off handsomely. You know, we're still pretty early in the space. Again,

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if you really think about the ratio from gold to bitcoin,

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which is the best correlation in comparison, eight percent is

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still pretty small. There's a long way to go here.

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Speaker 3: Yeah, yeah, agreed, agreed. All Right, So I guess the

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only other question I've got for you is security. How

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do you secure your bitcoin so that you don't get burned?

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Speaker 1: Yeah, I mean I think that that's a great question.

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There are many ways to do it. I mean, if again,

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this is why I also typically recommend like the ETFs

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or something in that nature, because you know, it's secured

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within your brokerage count. If you do want to hold

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your own keys and you're going to buy the coin.

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I never recurrently keeping you know, crypto on in an exchange,

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you know, because right now there's a lot of uh

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scams out there, you know, you know, even if you

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I don't know, I think it's just important to mention

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to people. You know, like Coinbase, for example, Coinbase is

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a very secure platform. It's it's highly unlikely that they're

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you know, someone's going to hack into that and be

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able just to take those funds. But the big thing

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that happened here is social hacking. So you know, there

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was a database leak of a lot of coin based

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customers that happened in the dark web, and basically they

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have your information. It doesn't necessarily say how much money

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is in your account, but it might say, hey, uh,

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you know, Joe John Smith has here's his phone number,

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here's an information, and they'll call you pretending they're Coinbase

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or patron at their Google and then the locky out

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of your account. And I've actually had friends that have

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lost out in you know, several hundred thousand dollars by

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following these scams and then they you get flustered, and

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you know, it happens very commonly. So best way to

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secure bitcoin, you know, if you're going to hold the

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keys itself, is usually through offline storage solutions. There's also

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custody solutions that are two factor, three factor or multi

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say essentially where two people need to sign that transaction.

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And so you know, that's what I would recommend, h

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And there are solutions like that even think about you know,

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if you were to pass like how your errors would

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get that bitcoin, and it's not easy to then you know,

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get access that bitcoin on even if you were kidnapped

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or something of that nature, because that the coin isn't

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accessible just by you. So those are you know, step

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one easiest to hardest and most complex of what I

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would be thinking about.

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Speaker 3: Yeah, I would say your best bet is a trust

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and you could do simplified trust. Uh you never run,

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you want to really hold the bitcoin in your name

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per se for the reasons you said because the I mean, yeah,

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if you have a beneficiary on the account, anything happens

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to you, it goes to the beneficiary. That's fine, but

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that doesn't cover you for mental disability, powers of attorney,

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all that type of thing. So if you've got a

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substantial holding, consider a trust. I'm not giving legal advice.

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I'm just giving my own personal opinion, thinking about it

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very carefully for my own crypto holdings as well. And

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that's where the traditional, the traditional exchanges, the secure ones

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like coinbase can work with a trust easier than the

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non traditional. So just my opinion for what it's worth,

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not advice.

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Speaker 1: Damn.

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Speaker 3: People want to find out more about you, connect with

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you on the web and all of that good stuff.

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What do you do?

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Speaker 1: Yeah, they can check out our company, it's called Mobile.

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We're pretty vocal, you know. We're one of the biggest

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crowdfunders in the space and have a lot of different

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cryptosolutions built within our products and some new one launching

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00:18:00,400 --> 00:18:03,519
later this year. They can check us out at mudmobile

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dot com and you know, also email me at Dan

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at mugmobile dot com and feelable my names. They'll see

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the socials and everything of that nature.

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Speaker 3: All right, Well, hey, appreciate you coming on. Any questions

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00:18:16,279 --> 00:18:20,720
comments for Dan myself email Klatcarrie Lutz dot com. Make

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00:18:20,720 --> 00:18:24,200
sure you check out my book latest bestseller on Amazon

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and elsewhere. It's a bestseller called the Armstrong Economic Code.

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And Hey, write me an email, let me know your

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thoughts here. Have you thought about putting your cryptocurrency in

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a trust?

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Speaker 1: Dan?

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Speaker 3: Great meeting you, speaking with you. We'll talk to you

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again real soon.

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Speaker 2: Thanks Gerry, thanks for listening to Carrie Letz's Financial Survival Network,

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00:18:46,400 --> 00:18:50,319
your solution to today's trying times. For the latest, go

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00:18:50,440 --> 00:18:56,319
to Financial Survivalnetwork dot com. Financial Survival Network now more

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00:18:56,400 --> 00:18:56,839
than ever

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Speaker 3: Contro