 Welcome everybody to digital asset news or Dan for short. My name is Rob and today I've got some concerns and the concerns were from an old article, but what it really came down to there was an alleviation of my concerns from this interview here and This was with Paul Tudor Jones billionaire legendary investor hedge funds and whatnot and the the thing he talks about in here helps to alleviate some of my I think Some of the fears that I see coming up with the market and they're all really came down to the fears Which was this is actually his his buddy Stan Druckenmiller was also another another American billionaire and he came out oh gosh about three four weeks ago and he talked about how there's going to be a high probability of the markets being flat for a decade and I've been thinking about this for a long time and there's just some Some ambiguity of which ways I want to go and it really came down to what he talked about here The reason why I'd listened to this guy's because he's been around he's got experience and this is what he says He says there's a high probability in my mind that the market is at best Gonna be flat for ten years sort of like 66 to 82 and what he's talking about is is during that time S&P 500 the markets were just Languishing and the reason was because they had a pretty massive bull run between 60 and 65 or 58 to 65 You don't want to really be specific But then after that and you see like these little peaks, but it really was flat until 1975 1980 when we're looking at S&P and a hundred which is kind of crazy and then What it kind of came down to was a couple of different factors first There was the oil crisis the first one then the second oil crisis and of course Volcker had to step in in the 70s and he had to raise the rates and we all know that because everybody's been talking about it And then of course you had the banking crisis in the 80s on black Monday Economic crisis Japan or the global economy then you had a dot-com bubble crash and the housing bubble crash and all that stuff Everything's in a bubble right so when he talked about this. I'm like I see the same things that are going on now oil issues banking issues housing issues dot well not dot-com bubble but Innovation bubbles and issues and it kind of got me thinking well Maybe it's gonna be we've had some such an economic client for 13 years Maybe it's gonna be a 10-year shot of just stagnation which would be I mean if you want to dollar-cost average that time But then there was this great interview With Paul Tudor Jones and again this gentleman the reason why people listen to Paul Tudor Jones because he's a legend Investment legend he's a billionaire and Just for perspective just so you know, there's not that many billionaires in the world. There's only 3,300 of them and most are the United States. Sorry. I'm a Homer. That's just what it is Canada's got 60 Germany 176 and blah blah blah, okay, and of course millionaires That's much easier to be you've got almost almost well. This is in 2020 probably 60 some million millionaires that are out there and What he's gonna talk about this interview He's gonna talk about fiscal retrenchment I need you to understand what he's talking about before we get going and what retrenchment is is is what government has to introduce deflationary fiscal measures Designed to reduce the amount of borrowing and debt which is going on quite heavily that has been run up during the downturn And economic financial crises it can be achieved in two ways Raising indirect and direct taxation making cuts in the real level of government spending and drunken Miller here That's that was his whole thesis He says the problem with with this stagnation and there was three keys global But the reversal of globalization which we're seeing right now a lot of nationalization people are Countries are very upset with the different Countries that are out there that have supply chain issues trying to be in the other one and it's leading to national nationalism loose monetary policies which we've seen and of course the Fed and their their rate hikes and He talks about the stock markets tend to fall when the interest rates rise as Higher rates may hit company profits. This reduces the appeal of stocks Versus assets like bonds which are less risky. So what he's talking about here is that yes I think the stock market is gonna be flat for quite some time I think it is and then what's drunken Miller is gonna talk about entrenchment when he talks about of course there's gonna be Rate hikes and things like that. We know what's gonna happen. So just take a listen to what he says right here I think it's gonna make a lot more sense about why I see that our market will probably take off in a little bit So or at some point take a listen, you know in the middle of the pandemic I remember you joining us And talking about the possibility of a runaway inflation and one of the things you talked about then it was a hedge Around using crypto and Bitcoin and your friend your friend Stan drunken Miller had bought some Bitcoin at the time, too Stan drunken Miller recently had an interview with Joe Kernan At delivering alpha said he's out of Bitcoin. Where are you? I've still got a very minor allocation. I've always had a small allocation to it. I think You know if you think about every decade the 70s were the decade of inflation The 80s was a decade of kind of boom bust huge swings in dollar volatility the 90s Was Equalization the dot-com bubble the odds was the mortgage bubble in the great financial crisis the teens or the peak of globalization and probably the peak of Central bank experimentation with monetary policy, right? The 20s I'm afraid are going to be that period where we really focus on debt dynamics country by country fiscal deficits and the need to run Certainly fiscal policy in a way that gives people confidence in the long-run value of the currency and The problem that we've had really for the last 12 years is that we we've we've done this massive experimentation with monetary policy where we Suppressed yields and we did this massive experimentation the fiscal side During the pandemic and so my guess is the 20s are going to be just the opposite of both We're already seeing that right now from the central bank We're gonna the whoever is the president and 24 is going to be dealing with Debt dynamics that are so dire and so every so dire that what this is 1970s No, so dire that that we're gonna have to have fiscal retrenchment and that fiscal retrenchment Means that if we don't have fiscal retrenchment that everything that we spent if you think about the teens Which was all about Suppressing yields right and I think the 20s will be just the opposite of being higher-term premiums and bond markets Higher-term premiums and stock markets. They'll be just the opposite of what we experienced the last decade so in Time when there's too much money, which is why we have inflation and too much fiscal spirit spending Something like crypto specifically Bitcoin and Ethereum where there's a finite amount of that That will have value at some point someday I don't know when that will be but it will have value that scares value at a much higher number than where we are today Oh, I think so. Yeah, what you know in So as he's talking about this, I mean think about what he said that fiscal retrenchment and We take a look Well, I guess when I take a look if we take a look at but you know how to how to solve fiscal retrenchment And he talks about he goes we're going to have to There's gonna have to be a raising of the rates There's gonna have to be direct and indirect taxation and this is what dr. Miller talked about because indirect taxation is raising rates essentially if you think about it so when he talks about the crypto markets which in general broad terms Bitcoin and Ethereum which he said which he you know, he'd say Yeah, and it's made there's a finite supply there's not a finite supply of Ethereum it can keep growing However, as time goes on they state it will become deflationary not for sure it was deflationary right now But that'll happen with more use cases or more usage so when I think about this and everything that that's going on remember dr. Miller here and Paul Tudor Jones these guys are I mean they are old school stock market guys That's a P 500 down as they call it stuff So when we get into and trucking owners says it might be flat or stagnation in them in the traditional markets They might be right Then I think about I'm like, you know, what what does that mean as far as for our market? Does that mean do we lump ourselves in there because we're so correlated like I don't know what the price is crypto today I stop looking But just correct me if I'm wrong. It's it's either it's either down or up Not too massively and S&P 500 Nasdaq are probably falling along because it's correlated, but I think as time goes on I'm not gonna be too worried about it because I just remember that if this if the traditional markets There's not that much of a big upside over there as we can see as these guys talk about it but if you take a look at just how much is is going on with I Mean the money that slosh around uses many times. I'll still use it Each one these little boxes is a hundred billion dollars and this was in 2020 When crypto was only 244 billion now, you know what the market cap is correctly if I'm wrong I think we're still under a trillion We're still under one trillion for a market cap of all the crypto that's out there I'm thinking Bitcoin could be around 440 440 billion dollars So not that much and of course we take a look at the Fed's balance sheet Which is now 9 trillion not 7 trillion that expanded Billionaires just these 1 2 3 4 5 5 guys is 8 trillion dollars. It's ridiculous. No, but no that that can't be right That's that's probably all the the world's billionaires gold is around 12 trillion fortune 500 I just want to want you to notice this. This was two years ago Apple was 1.3 trillion dollars. You know much Apple's worth right now. It's worth 2.2 trillion dollars Now when I take a look at that I think myself there's all this money sloshing around and it just really hasn't found its way into crypto Why is that because even the stock market has over a hundred trillion dollars and money supply and debts 260 trillion dollars and Real estate is 280 trillion dollars and so on and so forth I'm just think I said why isn't it found its way in there yet because it's because of risk It's because of risk and the perceived risk that's out there and there was a pretty good Video from Pompliano and he had on David Mercer. He's a CEO of L max group and he Bermuda just laid it out I know this is a very unpopular opinion. I always say I I think it's unpopular for some people not most people I still say we need some regulation So the big industries and institutions can kind of run themselves in here and say, okay I'm not gonna get rug pulled by some crazy D5 project I'm not gonna have these glitches and different problems and I'm not gonna have the issues that maybe these Algorithmic stable coins like like a Luna just kind of just disappears as for them for the trillionaires and the big institutions It's not about Gaining wealth. It's like it's all about preserving wealth and there's all these issues that dr. Kimmeler talks about And Paul Tudor Jones talks about in the market and stagnation and traditional markets. I gotta tell you I just see that if there's any type of positive regulation that comes out Lummis has a pretty good bill the senator point from Wyoming If that comes out and gets passed I know it's not the greatest for all the crypto projects, but here's the truth I don't really care about a lot of the crypto projects because most of them are trash anyhow. Sorry. I Need them to go away And I need us to be adults and just get on with where the crypto market should actually be And I think it can go do pretty well. It just has to have that point So let me know what you think about that in the calm in the comment section I'm sure it's not very popular But it is what it is and then before I move on the next one I will say this just because institutions are here and we want them to be here doesn't mean that they won't sell They're the first ones that'll dump on you. So remember They're not here to get you rich They're here to serve their shareholders and the people that invest into them So don't think that they're gonna be holding forever and that's it So I'm gonna think about that in the comment section and little little bonus section I just want to tell you I know it's tough right now because Look the interest has definitely waned in the crypto market as we see everything go sideways I can tell just how it goes. I was the same way in 2018 But you have to remember this and that is that This is when all the millionaires are made like I always talk about I just wanted to remind everybody about this website when you're feeling down dca-cc.com just there's a link in the description And you can use all the different cryptos that you want. I wish they would fix this part here though You can't really see him. It goes like 1 through 100 of the top 100 cryptos that are out there And you can see what it would be like to dca back in the day and then The most easy one is I put an example just 25 dollars a week and I'm gonna tell you this is not financial advice It's just what I've done in the past. I'm not a financial advisor, but 25 bucks a week From february 2018 to september 2022 If you would have sold At a pretty like reasonable time Let's just go around here. You're probably you're not gonna hit the top. Sorry. You're not but around here As things are going down after the big blow up You only would invest at 4,300 bucks and you would have had 26,000 in the bank account. That's not bad And then who knows who knows what could what could bitcoin could be now if you sold the absolute top You'd have invested 4,800 and you have 36,000 in the bank, which is pretty not too shabby and then of course Whoops if I go up here and just increase this by Maybe I want to do 100 bucks a week 400 bucks a month. It's kind of pricey Yeah, just saying That's you Again, you would have had cheese at least you would have had 16,000 Invested, but you have 133,000 in the bank and like I say like these, um These bear markets, this isn't for everybody to become a millionaire Not everybody's gonna be a millionaire. Let's be honest, but maybe you could be a 10,000 air or 100,000 air it's really Up to you and what you want to do and what your risk tolerance is and then of course as you go down on the Lists, especially if you went down a farther And like these D gen plays down here. Maybe what I wonder what this would be the central land Holy smokes Is that right? Okay, that's ridiculous, but if it had gotten to central land your investment Would have been 20,000 dollars a hundred bucks a week, but you'd have 1.4 million and Here's the thing. Uh, you'll never sell at the top So that's just something to take a look at and then when we do the q&a, I'll punch in whatever cryptos people want to do and then also I want to remind everybody to pay attention to the crypto products that are making strides This just caught my interest and I think That crypto gaming is going to be the next one with real world utility I know people will say but but rob. What about bitcoin? It's in its utility. I'm like, is it really being used a ton? I said a speculation I'll sell the door. They really is everybody using it over there As a store of well, I don't I don't know. I don't think so I think if I was Honestly, if I was in a third world country, I'd probably want to use a stablecoin. That's just me and uh, but anyhow Going off topic again. So like I was looking at this one. This is cornucopia. And uh, it's a blockchain game And it's built on cardano. And this is they were at the cnft con. Check this out Oops super loud But that's the actual gameplay. It's not just some like rendering or something that's going on or something that they could purchase Just to make a look that's a real playable game right now. Now. It's not totally playable all the way But I'm like that's What I'm looking for I'm looking for things that actually are that materializing people and to say it's gonna happen. It's gonna happen There we go. So I like to see those things and that's what's going on and that is it. So look That's it for today And the news itself if you got to take off take off you've been here for 17 minutes Maybe something else to go go do But on your way out, please hit that uh like and subscribe button Not that youtube will ever Notify you but whatever and that's it. So look thanks so much for stopping by. I appreciate it now If you want to stick around we'll do the q&a section. I'll go over some more of those dca Examples if you want to and we'll just do a little q&a. So thanks so much for stopping by. I appreciate it See you on the next one now. Let's get into q&a