If the fiat system is $800 trillion and Bitcoin is $2 trillion, there's a rotation that'll happen. And that's why deflation equals delever, delever equals Bitcoin to go higher as part of the rotation. Whether it's 70,000, 100,000, 40,000 is not the equation.The equation that I care about in the chart that I'm looking at is Bitcoin relative to software. When that starts to go higher, everything changes for me. What's going on, guys.Today, we've got a great conversation with Jordi Visser. This one gets very d ...

So, the banks, I'm going to give this analogy to you guys. The banks are the cab companies and Brian Armstrong and Coinbase and Tether, they're Uber, okay. They're coming in, they're going to eat their lunch.And so, we need that 35year-old capital allocator to be 45 and then 55 and and you're going to see this thing really pop. What do you want to talk about, Bob. I know that you're you're famous because uh you're like uh you know in WWE uh you're like the evil villain who goes against the uh uh the other s ...

This many people understand Bitcoin. Almost everyone understands in real estate. You combine those two together and I get that volatility. But the stability, combine it with the stability, we think we have a great investment. And I had 1,500 people invest with me that have never invested in Bitcoin. >> How many Bitcoin you got? >> Let's talk about real estate. >> Okay. >> And uh and Bitcoin. You have what? $5 billion of real estate. >> You have 5.3% billion. >> Who's counting? Um I am. >> Yeah, I know. And ...

Listen, Bitcoin had a horrible year. Why do I think it happened. But we had a $9 billion seller and I had a friend that wanted to buy a sports team. So, we sold some Bitcoin to buy a sports team or to buy a boat or everyone took a few chips off the table.And I think we put a low in at 60. I'm not 100% convinced, but I'm pretty convinced. And so, yes, I've been buying some Bitcoin recently.And I think one of the reasons why crypto's not going away is it all right. Um, I like this desk. >> It's nice, right.Yo ...

Lately, Bitcoin is almost perfectly correlating with like the software stock indices. Really no way around it. There's just not been a lot of retail demand for Bitcoin this cycle. I'm pretty bearish on the broader crypto space structurally. And I think if anything, they are weighing on kind of the quote unquote brand of Bitcoin. That's going to weigh it down probably for a period of time. There's still something like a trillion dollars in crypto market cap that I think is overvalued. I always think of you a ...

I think we're going to uh start talking about deflation more and more and I believe interest rates are going to come down more than people expect until this productivity driven boom is obvious if we get deflationary forces or get actual deflation. Is that bad for Bitcoin in the short term. All right.Um let's start with inflation and deflation. One of the things that's interesting to me is I've been talking about, you know, deflation is a bigger risk. I see you tweeting about it.So you're, you know, in spiri ...

Guess what. There are 7 billion people on the planet who've never been able to partake in capitalism. That is the positive story for Bitcoin.It's going to happen so fast that individuals, companies, governments will not be able to move fast enough. And that's what's starting to happen. That's what I'm kind of looking for is that the risk is for the next 3 weeks.And at that point, maybe Bitcoin's down at 40,000 or maybe it hangs in here and it seems to rotation. What's going on, guys. Today we've got an amaz ...

Like I've said, I think tech stocks are going to have another 20% year up. And this is just early days of what's going to be, I think, a bull cycle that continues to play out. We're going to be going through a massive innovation renaissance in this country that we haven't seen maybe going back to like post World War II. Do you have views on where Bitcoin goes over the next two or three years? >> All right, Dan. AI. I read online that the stock market's over. They just said, "Hey, software is over. You've be ...

If you look at Bitcoin mining, it cost you a little over a million dollars a megawatt for infrastructure and miners. Infrastructure alone in the data center world is 12 million a megawatt. The amount of compute that is deployed today versus what will be deployed in 5 years, it's never getting shut off.And one word of warning from an investment perspective. All right. Uh you run a very interesting business that has a lot of components and inputs.You have hardware, you have energy, you've got Bitcoin, you've ...

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