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Speaker 1: That is absolutely the loftiest prediction that I've heard. But

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the point, the underlying point in there is they're talking

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about an omni caandle.

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Speaker 2: It's like a god candle where it is going to.

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Speaker 1: Travel in traverse sideways and there's going to be this

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moment where everybody decides, oh, Saudi Arabia got in, Mexico

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got in, Brazil got in, and these numbers. It will

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become a race, a form of competition to establish dominance

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in this new ecosystem.

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Speaker 3: You are listening to Carrie.

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Speaker 4: Let'sa's Financial Survival Network where you get valuable information you

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just can't find anywhere else to thrive in today's trying times.

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You need the Financial Survival Network now more than ever.

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Go to Financial Survivalnetwork dot com and get your free

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newsletter and gift. Financial Survival Network now more than ever.

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Speaker 3: And welcome.

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Speaker 5: You are listening to and watching the Financial Survival Network.

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Speaker 3: I'm your host, Carrie Lutz.

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Speaker 5: Hey, I was just on this gentleman's podcast last week

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and we were both in about the same generation or

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both the into crypto big time. His name is Chris Berlin. Chris,

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great to have you back on the show. You find

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him at Chris Berlin dot com and any questions or

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comments shoot me an email kl at Carrie Lutz dot com. Chris, Hey,

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you're a bitcoin enthusiast, proselytizer, missionary, whatever other terms you

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want to use.

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Speaker 3: How did you begin this journey? You know, it's.

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Speaker 2: Interesting, you know, I mean, uh, let's go with the truth.

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Speaker 1: My introduction into crypto was to buy drugs on Selk

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road full I'm at the time we were.

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Speaker 3: As a statute of limitations run That's what I want

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to know.

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Speaker 2: Yeah, I mean yes, I mean one would hope, so,

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one would hope.

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Speaker 3: So but.

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Speaker 2: Listen, I'm old.

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Speaker 1: Enough where I you know, I wear I wear, I

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wear socks and slippers.

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Speaker 2: I don't care anymore, you know, like if you he'd

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like it. That that's how it is.

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Speaker 1: But the introduction was was buying buying drugs on the internet.

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And at the time we went uh to Brooklyn and

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there was a guy and you could buy bitcoin and

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you bought it on a spreadsheet, a piece of paper,

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and you gave this guy money and he gave you

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an address and he said, okay, you a bitcoin, and

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you're like, what just happened? And you will go log

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into this dark web website and you put in this

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code and put whatever you want and it worked.

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Speaker 2: And I think.

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Speaker 1: That's where this term magic Internet money came in. And

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it was it was brilliant, and it's a un fortunate this.

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I mean, I was a kid, and so we were

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experimenting with drugs and technology at the same time, and.

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Speaker 3: I'd not necessarily in that order.

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Speaker 1: Huh perrect excuse me, And a bunch of time passed

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and I got away from Crypto.

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Speaker 2: I did not stay a part of it.

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Speaker 1: I did not circle back to Crypto until kind of

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the digital art narrative stepped in toward the end of

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nineteen or excuse me, twenty twenty and into twenty twenty one,

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when it really started.

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Speaker 3: To pick up.

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Speaker 1: That brought my interest back into it. It became the

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first equalizer I had seen for up and coming artists

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to be recognized in the moment for their artwork and

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get instant exposure to an audience that there was impossible

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before this blockchain movement.

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Speaker 2: So I thought it was really interesting.

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Speaker 1: I was a touring music for years and in Hollywood, California.

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It got to a point where it's interesting and I

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lost my train of thought on exactly where I.

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Speaker 5: Was going with the musical, all right, but how you

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got into bitcoins? So suffice it to say, you got

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in uh where it's illicit applications, buying drugs on the

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on the internet, on the dark the dark web once

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upon a time. But now like bitcoin's done to one

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to eighty, it's like totally legit. Here you got the

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biggest names and finance in the world getting involved in it, ETFs,

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you got options all this, and we've got the you know,

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for those of you are not aware, there's only a

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couple more million bitcoins that can be mined before that's if.

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And you know the other thing, Chris, is that like

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twenty five percent of all the bitcoin that's been mined

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so far has been lost.

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Speaker 3: It's floating around there like uh.

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Speaker 6: And and to that point, there is also I think

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still the largest holder is the Satoshi wallet, the creator wallet,

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and it has never moved, so that people look at

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that as part of the story and lore that is

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locked up forever.

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Speaker 1: So that's that's it's really interesting. Oh, let me get

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back to the music real quick. Yeah, I'm playing music

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recording records you are taking advantage of by the record

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companies period.

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Speaker 5: Your manager, Hey, your manager, everyone right, it's the business.

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Speaker 1: So it's part of being an artist is that middleman

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is saying, hey, I can give you the exposure, but

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it comes at a price. They have the key to

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the door of exposure. Enter the blockchain and as an

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an artist, you can now put your art on the

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blockchain and you have instantaneous exposure to every art officionado

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that happens to also be on the blockchain. So it

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became the first means to enter this new arena with

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no middleman. And even more importantly, if you decide to

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sell your artwork, whether it's music or digital, and you

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can even connect physical works to digital NFTs and sell those,

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we can talk about that too. But you're dealing with

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the collector. And this is where it's absolutely brilliant is

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if a collector collects one of your art pieces, it's

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in their digital wallet.

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Speaker 2: That's probably going to be the same they'll have forever.

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Speaker 1: Now as artist, I never lose contact with that collector

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In five years, if I decide to do a collection,

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I can look on chain and say, hey, this person

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still holds my artwork in their wallet.

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Speaker 2: I can look to see where my artwork.

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Speaker 1: Is I can decide, Hey, I'm going to send each

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of you my new artwork before I put it on

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the market. So this connection, it comes through the blockchain,

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there's no middleman. It's one to one. It's a game changer.

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That's what, in my view, crypto brings to everybody. And

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it's unfortunate that it got started on the silk road narrative, right,

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but it has done a one eighty and we are

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about to have a president step into power and he

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is going to reinforce this narrative that it is no

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longer something that is filled with deceit. We also have

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people like Elizabeth Warren that, in my opinion, she throws

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anything she can at crypto, child pornography, terrorism, drugs, whatever,

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anything that will stick, and it's just smoking mirrors. It's

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smoking mirrors. This crypto revolution, in my opinion, is here.

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We are on the infancy stages. And you can gauge

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that by the financial advisors that still do not offer

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it to their clients. We when the door is so

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close to opening, it really is.

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Speaker 3: All right, So what do you think is coming next? Here?

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Have a pre call.

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Speaker 5: We were talking about the potential of the one analyst

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saying eight hundred thousand dollars bitcoin by the end of

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the twenty.

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Speaker 1: Five That is absolutely the loftiest prediction that I've heard.

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But the point, the underlying point in there is they're

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talking about an omni candle. It's like a god candle

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where it is going to travel in traverse sideways and

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there's going to be this moment where everybody decides, oh,

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Saudi Arabia got in, Mexico got in, Brazil got in,

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and these numbers. It will be come a race, a

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form of competition to establish dominance in this new ecosystem.

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Speaker 2: I think many are waiting for.

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Speaker 1: It's almost like price confirmation, where you're waiting to make

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sure it.

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Speaker 2: Goes up to buy this.

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Speaker 1: Before this, I've been screaming at friends and family since

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thirty thousand dollars this cycle, please buy this, and you

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can't convince them to buy Now that it's one hundred

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and seven thousand dollars. Those same people are saying, hey, Chris,

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should I buy this now? You should have bought it

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at thirty thousand dollars. But yes, I think it is

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a sound investment. And the other narrative that people don't

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understand if you're not cryptosavvy is people think, okay, bitcoin

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is one hundred and seven thousand dollars.

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Speaker 2: I can't afford that.

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Speaker 1: If you can afford to put ten dollars into big

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so you can buy any amount of bitcoin you want

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at any time. If you have a digital wallet, you

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can go to coinbase and turn ten dollars cash to

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bitcoin in a second. You could do that every Friday

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for the next two years. It will change your life.

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Ten years down the road.

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Speaker 2: Ten dollars every Friday will change your life. I'm telling you.

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Speaker 3: All right.

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Speaker 5: So what about other cryptos? Some of them are nothing

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more than kleptocurrencies. There's thousands of them out there. What

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about ethereum It's lagged Bitcoin to date. If Bitcoin's going

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to eight hundred thousand, what is ethereum going to?

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Speaker 2: Now?

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Speaker 1: It's interesting, I do not so. In my view, ethereum

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is the tail of bitcoin. How far that tail goes,

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it's been consistent. What's interesting and important now is when

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we look at technical analysis on cryptocurrency and bitcoin in particular,

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we have just moved into a cycle that we can

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no longer look back upon for chart patterns or analysis.

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It is a brand new paradigm for the next three

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to four years. When you throw in to the mix,

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which nobody intended or calculated at the time, the ingredient

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of artificial intelligence and how that is going to propel

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us to work faster, smarter, quicker, more efficiently. Mix that

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into cryptocurrency. The shift is going to be drastic. And

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AI doesn't want cash AI. There are AI, So there's

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a bunch of interesting stories and narratives where somebody created

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an AI robot and gave it a wallet and said,

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we're going to give you an account on X we

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want you to go tweet a token and build hype

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around it.

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Speaker 2: And it's action.

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Speaker 1: It's this robot has made millions of dollar on this

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token and it's an interesting story. It's hilarious. It's is

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it vaporware? Is it part of this mean cooin cycle

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that people are saying is going to just disappear?

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Speaker 2: We can get into that, but yes, I do.

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Speaker 1: Think Ethereum is the backbone of decentralized finance. A Theoreum

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has a bad rap at the moment because there are

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gas fees, which they call it gway. So every transaction

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on ethereum, some if it's a busy network day, you

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could pay two hundred dollars in a gas fee Solana Swy.

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Speaker 2: They do not have those associated fees.

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Speaker 1: So the ease of use for some of these newer

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blockchains have made Athereum less less less fun to work with.

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In the short term, Ethereum has upgrades that are coming

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down the pike. It is the backbone of decentralized finance.

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Nothing will ever change that. So the fact that the

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light is not on ethereum right now people are talking

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about and buying bitcoin at the highest price it's ever been.

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Speaker 2: I think I love a theorem right now. I think etheroeum.

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Speaker 1: I think we definitely see etheroeum in the eight to

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ten range by the.

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Speaker 5: End of twenty twenty five, all right, so it coin

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will have gone up eightfold from where I do.

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Speaker 1: Is no, So I know that that's the that's the

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that's the I love to entertain both sides, right. The

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highest prediction I've heard recently is eight hundred thousand dollars,

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and it's worth noting because it comes from somebody that

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knows what they're talking about.

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Speaker 2: And these are all right, we're moving.

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Speaker 1: Into a cycle that we've never been in, so why

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not go on wax and make a prediction, and why

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not why not call it eight hundred thousand dollars to

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get on everybody's podcast and become you know what.

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Speaker 2: Can You could be wrong, that's fine, but if you're.

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Speaker 1: Right, oh my goodness, think of the next four years

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of your financial clients who called bitcoin at eight hundred.

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I mean, those stories are really interesting. But I just

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this narrative isn't going anywhere. It's not going anywhere. And

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what's the most important part about this, I think is

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oftentimes giant narratives like this change from the bottom up,

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meaning the youth, as they gain power and get into government,

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they begin to change the narrative. Crypto, we are having

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the head of the free world step into power and

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say this is going to be king.

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Speaker 2: That's what's just happened. And it's huge. It is huge,

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It truly is all right.

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Speaker 5: Well, so yeah, we got bitcoin for addictions for two

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thousand and five. Tom Lee predicts two point fifty K. Scaramucci,

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he doesn't know anything, predicts two hundred thousand, one hundred

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and eighty K.

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Speaker 3: They're all over the place here. Who are you going

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to believe?

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Speaker 2: I don't know.

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Speaker 1: I think that what I do know is that I

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look at the social movement right like charts are finding

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stuff the social influence.

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Speaker 2: When when friends and family that know him in.

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Speaker 1: Crypto, when they begin to text me and email me

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at one hundred and five thousand dollars bitcoin and say, hey,

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should I be buying this right now?

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Speaker 2: Right enough?

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Speaker 1: People that are outside the loop of crypto are starting

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to knock at my door. It hasn't happened yet, wait

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till Trump gets in the White House.

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Speaker 2: So one of the interesting things is one of the

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promises he made on day one of his presidency is

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to free ross Albright right from Silk Road, the founder

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of Silk Roads.

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Speaker 1: So he's doing a life sentence and he's a he's

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a programmer, and yeah, like there's an interesting backstory. It's

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well worth doing some research on because the narrative behind

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it is it's it's it's it's history, and it's there's

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some there's a great story in there.

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Speaker 2: So I advise everybody to check it out.

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Speaker 3: So what about the prospect.

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Speaker 5: Now, this got killed during Obama's administration when pretty much

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Zuckerberg said that Facebook was going to issue their own crypto,

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they'd pay all their vendors in it, they would re

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accept it as payment. And I think it was Janet

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Yellen who said no, no, you can't do that, and

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that was killed. But that's coming, isn't it. I mean

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Tesla will have it. Every major trillion dollar company will

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have its own cryptocurrency, right.

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Speaker 2: You know that's a that's an interesting narrative.

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Speaker 1: I think, yes, I think I don't even believe it'll

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be trillion dollar companies. And so to give you an

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example today, there's there's a mechanism and it is called

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pump dot fund and it is a place where people

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go to launch mean coins, some mean coins that you

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may have heard of recently, moodang.

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Speaker 3: Just to find a meme coin listening out there?

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Speaker 1: Yes, just so, so this is this is really interesting.

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So we have we have the major cryptocurrencies like Bitcoin, Ethereum, Solana,

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those they call.

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Speaker 2: Them the majors. They've been around for a minute.

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Speaker 1: Next, we moved into digital art and NFTs as this

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new treatable asset, and it was fueled by speculation and

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collectors liking art and.

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Speaker 2: Deciding there's value in this and it. If you guys

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have ever heard of the artist people.

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Speaker 1: He was He's the highest paid living artists of all

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time period. So he brought all of his art into

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the digital realm and his collection had sold at Southeby's

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I mean, he's is very famous artist and he shed

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a lot of light on digital technology and he created

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this NFT boom, and when cryptos started to fall, because

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it's cyclical, the NFTs kind of fell. And around that time,

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mean coins came in. And a mean coin is a

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digital tradable asset just like any other cryptocurrency, but the

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market cap begins at zero. So individuals are bored and

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they want to gamble in essence, and they will go

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through the Internet and they will find a meme. And

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a meme is any picture that instantly makes you laugh, giggle,

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right right, So this culture, right, the kids of today,

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they live on the means everybody, I mean your phone emoji,

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that's a meme.

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Speaker 2: That's a that's a meme.

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Speaker 1: So you find these memes and they give it a

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funny name, and they create a token and they drop

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it on the market and all of these other people

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in cryptos see it and they're like, oh, that's funny,

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I'm gonna buy this, and they get in super early

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and some of these tokens go from zero to a

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billion dollar market cap in a relatively short amount of time.

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Is there any value behind it? There's nothing. It's vaporware.

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It's it's a mechanism that people are using to gamble with,

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But people are doing it. People go to casinos, people

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play rolette and slot machines. It is no different. It

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is the digital version of that. So when we talk

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about how many coins have been minted today, and when

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I say minted, I'm talking about the number of new

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cryptocurrencies that we're created in the last twelve hours, twelve thousand,

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four hundred and five new cryptocurrencies have been created already today.

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So this is whether you like it or not, whether

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you believe in digital assets as a thing. When we

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look at a number like that and the volume we're

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talking about, just to give you an idea, in the.

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Speaker 7: Last twenty four hours, we're talking about three hundred and

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twenty million dollars worth of volume in the last twenty

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four hours for this new gambling mechanism that's in its

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infancy stage.

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Speaker 3: So it's who wants to be left holding the bag here?

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Speaker 5: You know, you could definitely become a bag holder, right.

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Speaker 1: Instantly people buy these things and you get absolutely wrecked.

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The win loss ratio for participants is about one percent.

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It's you have better odds going into a casino with

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the same amount of money than you do playing this

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mean coin game, and then.

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Speaker 3: Get better odds in the casino.

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Speaker 1: You know, And then you think that most of these traders,

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they're very sophisticated. They're cryptosavvy, they have trading bots, they're

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using algorithms. They have been creating code their entire life,

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and now that there's this vehicle where they can put

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their coding skills to work in this digital world. It

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is a new world is emerging and the force of that,

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that part will come from the bottom up. It's great

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that Trump is going to advocate for crypto on the whole,

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but the younger generation, these kids, what do kids do

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that are in grade school or high school?

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Speaker 2: Do you study for your.

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Speaker 1: Your SATs to go to university or do you dial

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into the computer and learn how to become a wonderful

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prompt engineer. That's not even a thing anymore. You're going

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00:21:56,680 --> 00:22:01,319
to have your own artificial assistant. Everybody is, and it

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00:22:01,359 --> 00:22:04,519
will be you'll buy this assistant like you buy a car,

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and it will.

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Speaker 2: Look through all of your social paths.

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Speaker 1: It will get to know exactly who you are, how

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you operate, what you think about, and it will become

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your best friend. It will look at your past life

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mistakes and figure out, oh wow, this is when he

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went off the rails.

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Speaker 2: I see this behavior. We're going to start.

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Speaker 3: When did you meet my wife? Here?

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Speaker 5: This is my ex wife. This is exactly what she did.

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That's why I got rid of her.

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Speaker 2: This but you know these are going to be malleable.

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Speaker 1: These Hey, I'm done here in your lip, not anymore today.

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Speaker 2: You can tell me to not eat sweets tomorrow, but yeah,

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screw off today.

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Speaker 5: So that's dat all right, man, lay This has been

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a blast, Chris.

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Speaker 3: We'll definitely have you on again.

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Speaker 5: It's good to have somebody in the similar generation I

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could relate to here because we're outliers. May my best friend,

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00:22:58,680 --> 00:23:02,839
oldest dearest friend. A couple of weeks ago, he told

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me I think he was in an ETF or a

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00:23:06,039 --> 00:23:09,920
bitcoin ETF. He told me his holdings up to eight

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hundred K. So now he's got to be a one

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00:23:13,720 --> 00:23:16,519
point two or three million and is like in a

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matter of weeks here, you know, and I kind of

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I've been buying it, but I didn't do the ETF

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thing because I just thought it was a scam.

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Speaker 3: But now it's real. It's all about all.

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Speaker 5: The Wall Street getting in there is trying to stop

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from being cut out as an intermediary because they get

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their three percent and throwing enough money into this in

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hopes they can manipulate the price, just like they do

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to the price of gold and silver and every other

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commodity in the world. But the problem is we might

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be they might be out game stopped on this one. Chris,

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just tell us again, where do we find you? How

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do we connect with you on the web?

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Speaker 2: Chris Berlin dot com.

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Speaker 1: My handle on x is beatbroker and my substack is

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beetbroker dot substack dot com.

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Speaker 5: All right, the links in the show notes this interview

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00:24:13,599 --> 00:24:17,839
on Financial Survival Network dot com. And we just urge

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00:24:17,839 --> 00:24:20,880
you when you go there, please sign up for your

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00:24:20,880 --> 00:24:25,119
free newsletter like so many like over sixty thousand FSN

406
00:24:25,160 --> 00:24:28,559
community members have done already. And if you've got a question,

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00:24:28,680 --> 00:24:32,680
comment for Chris myself kl Atcarrie lets dot com.

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Speaker 3: Chris, been a pleasure. We'll talk to you again soon.

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Speaker 2: It was awesome. Thank you so much.

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Speaker 4: Thanks for listening to Carrie Letz's Financial Survival Network, your

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00:24:41,359 --> 00:24:45,160
solution to today's trying times. For the latest, go to

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00:24:45,319 --> 00:24:50,319
Financial Survival Network dot com. Financial Survival Network.

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00:24:50,039 --> 00:24:51,720
Speaker 3: Now more than ever

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Speaker 1: K