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Never heard of this little boy. Is he the next person who will be found to be involved in a bitcoin ponzi scheme scandal? Are you saying that bitcoin which has no intrinsic value, pays no earnings or dividends is NOT worse than a fiat currency? I could understand being a goldbug,... but a bitcoinfiatponzischeme. Are you serious???? You're eitherclueless or you have a mental disease. Btw,.. there is no such thing as a "fiat economist".
There's no more such a thing as a "fiat economist" as there is a :cluelessshitcoin economist". There areShitcoinponzi scheme sanke oil salemen like little boy Maller here. What was the last guys' name,.. oh yeah,.. Sam PrisonBitchFried.
jack is actually smart. I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 69k.
this coming months is going to be a wild for these sectors, so you should def. invest in crypto. 60% of my portfolio is spread across tech stocks, crypto and Crypto/Gold ETFs.
well the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.
@darlahoot you are right ,My asset manager's guidance to diversify my portfolio by investing in mutual funds and crypto ETFs has been a smart move. The key is to avoid greed and time your exits wisely. I've found it invaluable to have a professional advisor, as most individuals lack the expertise and time to thoroughly monitor and analyze the market."
Let me tell you something, I've been a miner and a trader, i lived through 3 bull runs and bear markets. It's always the same, in the middle of the bull run there is a 'stall' where weak get out and then market continues to rally. By all the metrics we will see 80k+ BTC, 6.6k ETH, 300+ SOL and BicolAI in a 30 - 40 range. And this will be very very soon, so stay strong!
So what you're saying is to maintain your "true believer" indoctrination ofShitcoin???? Forget it has no intrinsic value,.. that no one takes it,.. it pays no earnings or dividends,.. its price is based on the greater fool. Just buy and believe,.. brothers,... the man is coming after us. The koolaid stand is right over here. Stay thirsty my brothers,.. amen.
Wow, thank you Daniela for bringing Jack to your show. One of the best if not the best interview with Jack. Good questions and nice and humble answers from Jack. 🙏❤️
It would be easy to underestimate Jack when he acts all goofy but when he gets on a roll and talks bitcoin/gold/fiat he rips it. It’s mind boggling someone his age has so much wisdom.
I have watched a large number of your shows, many of which have been very educational, but this show with Jack has to be one of the best, IMHO. It gave me an entirely new perspective on Bitcoin. Thanks for all that you do!
Daniela, I love how you do this. You have a such respectful demeanor with all of your guests, ask questions that I, as a normal every day guy making his way through life am interested in knowing the answers to and, honestly, just have a nice sounding voice and presence that’s easy to listen to. This is quite different (better) than other show hosts who often have more of a confrontational edge with their guests and, unfortunately (perhaps unavoidably) hurt my ears with the pitch and tone of their voice. Poor hosts. Ha! Anyway, I missed you on Kitco (although Michelle Makori is superb). Glad to find you here tonight. Ive subscribed to ITM Trading just a moment ago. Thanks for all you do. Best!
The ONLY reason I have cash in a bank is because my landlord only accepts cash or checks. Otherwise I pretty much do what this guy does 🙂. Smart kid !!
Daniela…have you heard anything about Cubans being either locked out of their bank accounts or that their bank accounts have been emptied and now no one has any money? Reuters is only saying something about there being long lines at ATMs.
Watched ITM for years as a bitcoiner and sound money advocate. This is one of my favorite interviews. Glad ITM is raising awareness to both Gold and Bitcoin.
Excellent interview. I decided to sell half of my total savings which was in Gold and buy Bitcoin early 2017. My Bitcoin value is now multiples of my Gold. I'll still keep the Gold coins I have because I can take a coin into a coin shop and get cash which is off of the internet.
Been in the crypto world for the past two years and never even heard of this guy. He is the future. Everything he says makes sense. I am so ready for cashless.
You didnt get it...gets the money from the financial corporations...you get something cheap in exchange of something more expensive while playing the game ...Saylor does the same like most Wall Street
He is using dollars, but he doesn't have to own them. That's the key. If it depreciates, rent it. If it appreciates, own it. Dollars depreciate, and bitcoin appreciates.
I like his perspective. I like to diversify myself, but I understand his ideas and concepts. Love Bitcoin, Silver and Gold. Great interview and different perspective. We need that, even if some don’t agree. We have to be open minded to new concepts and ideals. Thank you
Jack, longtime user of Strike. How do I pay bills using Strike? Cant find that info or any RU-vid demos of it. I'm in US. I'd love to get on zero fiat like you but I cant figure out that last bill payment link. Plus some things like my car payment require a bank account. So if I receive my paycheck in Strike, does that become my defacto "bank account" that I can use for my auto car payment? I downloaded the latest version & still dont see how to do it, unless its with the gift cards? Help if you can. Thx
Price suppression and debasement are not the same. FDIC now warns that deposits are not safe, when the collapse comes watch for a huge difference between the physical and paper market. The paper price Vs physical will be very different.
'Why do governments borrow?' Simple, they are not 'borrowing from themselves', rather they are borrowing from the PRIVATELY OWNED CENTRAL BANKING CARTELS.
- *MONEY* *DOES* *NOT* *REQUIRE* a ledger, just to simply exist. - Ledgers are just an optional service that you can use, as a record of ownership, for the money that is stored on your behalf. But a written ledger is never the money itself, because YOUR OWN money, when held personally in your own hands, does not require anyone to keep track of it for you!! - In the best case scenario, the sole purpose of a ledger is to track and trace ownership, but in the worst case scenario, it is to track and trace a population for total control. - If you have a ledger written out on paper, with no underlying physical asset, then it is just a worthless piece of paper. It's a physical claim check on nothing. If it is a digital ledger, then it is just a worthless digital record, that is a claim check on nothing. - Ledgers are clearly NOT MONEY and never will be. Its a scam.
The ledger keeps humans honest through transparency and immutability. Human greed ruins all financial systems. Bitcoin is the only financial system immune to human greed. Your fake money will fall
@painfuldrp9954 bitcoin has had several bugs over the years that could have made the entire ledger go down. So that alone proves you're wrong, but a digital ledger as a cla8m check on nothing is fake currency. That's why they call it crypto currency. It's currency and not money. Gold and silver have been real money for 6,000 y3ars and by definition and by the periodic table, they cannot be fake or printed or created by man like bitcoin and the 10s of thousands of other crypto ledgers. Gold and silver were created by God and are God's money. Bitcoin was created by man and some think it's their god, but anything created by man is corrupt by its nature. Gold and silver have never needed a ledger to exist or to buy something with it. Real money doesn't require a ledger just to exist.
Putting something in bold and capital letters doesn’t make it true. Money wouldn’t require a ledger if we could trust humans to not counterfeit money (create it from nothing), but we cannot because humans are incentivized to do exactly that. An immutable ledger is just the solution to that problem.
Awesome pod! Jack is so great to listen to. Please have him back on at the end of the year to do a 2024 retrospective, I think that would be really cool.
Jack Mallers, for my purposes, is just like Michael Sailor, in that no matter who is interviewing him or when that interview takes place, I will make time to listen! And like Sailor, I always learn something new or understand something better about BTC! Thank you Daniela for bringing Jack to your show! Jack, you continue to trailblaze the path to a better world through BTC! Never change in that endeavor!!
Bitcoin has the same value as gold, for the same reason. It is a way to store your own hard work in a form which, itself, takes hard work to create, until such time as you wish to later deploy your stored hard work for goods and services.
I really enjoyed this interview. Jack is very wise and grounded. I love his philosophy. The world would be a far more loving, caring and generous place, if more had this. I for one, want to live in this world. And i am! Thank you
hard to get over the issue of bitcoin being just another imaginary unit of account. It's only valuable as long as other people think it has value and will trade you real stuff for it... in other words, there is no intrinsic value. Confederate dollars were great for awhile too - but eventually no one wanted them and they couldn't be traded for wheat. of course bitcoin has built in scarcity (unlike Confederate dollars) but this trait doesn't matter if the guy growing wheat doesn't value your bitcoin.
Gold and Silver is Gods money. It has been used since the beginning of time. It is real. It is something you can hold and touch. And there is a limited amount of it. If it wasn’t valuable central banks and countries around the would not be hoarding it.
@@Rick-sv3xl The importance of holding something physical as money is what these Bitcoin maniacs do not understand and you can NEVER make them understand this simple fact. They are far way gone into the digital realm and they're as much of a problem for financial sovereignty as the Fed.
If there is no God, what is the purpose of life? What do we place our hope in? Paper? What other people tell us to? What other people tell us is what is right and wrong. Do we place our hope in Government? In the elite that hold all the so called wealth and power? For me if this is what life is all about I wish I was never born. No. This is a God and He loves you more than your little brain can imagine. 😊
@@Rick-sv3xl You can't argue with these people. They might very well be tech savvy, but completely dead from the inside. Lost in the digital realm with no connection with their own Spirit while trying to convince others to do the same.
He did say if bitcoin ever went to zero he would not know what to do. Being all in on one thing sounds dangerous! When the lights go out and your electronics don’t work it might be good to have a can of tuna and a manually controlled can opener so you can ride out the next few days. Food water, energy, security, something to barter etc, are always good to have. Boats can sink planes can crash, cars break down. Solid reserves are your last line of defence..
Most grown men in this world can't speak this eloquently with understanding about money than this young man . Green screen or not , empty shelves is symbolic !
Wait, so he gets his paycheck in Bitty, then converts to dollars to pay bills? So he does use dollars. Does he pay a capital gains on every conversion being that his Bitty goes up while he’s holding it? My buddy is real into Bitty but as far as he tells me, he can’t pull it/convert it without being taxed. So he thinks that the increases in Bitty are greater than the tax he pays to convert to pay his bill on credit card debt that has interest payments? In principle I commend him surely, but how is that viable longterm? He just also said if Bitty drops, and you’re outside your means you’re screwed.
I think one way to do it is just to sell the amount of Bitcoin that is equivalent to your credit card monthly statement, so that is only one taxable event per month. Also he is implying that BTC will be up more by the end of the month so those purchases actually cost less when denominated in Bitcoin.
@@Ned-bw5tt yes, I get all that, but it’s still a taxable event, and has a cost. Not sure it’s worth the time figuring that out. Every month he has to calculate the gains just to pay a CC bill? That’s a no thanks for me.
@@mikeuptegrove Yes, as much as I like Bitcoin, it's easier just to pay for everything with fiat from your job, and just buy and hold Bitcoin for the future.
"Their" intentions are not nearly as generous as your question assumes, in my view. Their interest is strictly confiscatory in order to satisfy a substantial portion of the U.S. national debt. [Denver, Colorado]
Thank you for your videos, mate. While technical analysis is important, I find it concerning that many prominent crypto RU-vidrs focus solely on TA and overlook the broader context of why Bitcoin is rising and the potential challenges ahead. It's irresponsible to ignore the impact of ETF launches on market pumps. With low volume and whale-driven peaks, we were already in a precarious position, risking a prolonged bear market. This might be the riskiest time to invest in history, especially with many crypto holders lacking adequate backups for their assets. Emphasizing day trading could offer more stability in the face of market unpredictability. Personally, I've seen success day trading with Bradford Jackson insights and signals, earning over 15 BTC in less than five weeks. It's a reliable way to safeguard assets, particularly in bearish scenarios...
If you don't find a means of multiplying your money, you will wake up one day to realize that the money you thought you have has finished. Investment and trading is the key to financial break through.
Bhutan is mining it as is El Salvador and many African countries, Argentina is sniffing around and many middle east countries are quietly accumulating..
That's Jack's trademark streaming "studio". He moved into that apartment years ago and originally made jokes about living in a closet. I guess he's never felt the need to redecorate it. His other trademark is the hoodie which he explained the absence of today.
I've certainly always agreed with him that although I can now afford several, I would NEVER expend that much of my time and energy to buy a yellow car that goes very fast.
Jack Mallers is a really impressive kid. Seems kind and authentic (as well as knowledgeable, of course). Good for him. I wish him well. After debating this for some time, not knowing about strike until recently, I’m taking his advice and moving to a Bitcoin lifestyle … and I’ll be utilizing Strike to do this. Bravo, Jack. Keep it up, my man.
But if you're storing your Btc in a Strike account, then isn't it like using a regular bank? I understand to truly own your asset it needs to be stored in a cold wallet, off-line with a unique pw. How can you use a Strike account which must be on-line and secure your asset from theft?
Agreed. A counter insurance is the first goal of risk mitigators. If you are one, you know the logic. That said, being in the dollar and circling by the chairs and the pop goes the weasel song in the background sucks. Any insurance against it is a logical move. I am however waiting for the headline "last bitcoin has been mined today" "now what?"
I liked Jack a lot. I'm also a chess player. Although this discussion may have pitted gold against Bitcoin, it was about much more. The underlying philosophy of energy and money was interesting. This episode provided a lot to think about, as usual.
@@XpackLersV The best investment of ALL time was Apple at 22$ a share. I live off the dividends. Until you sell your btc you have made....nothing. Central Banks run a monopoly, aka, money. I do not see them sharing that monopoly anytime soon. If WallStreet plays with it, it is because they can take your money. The house always wins! Of course, Blockchain has an important future, but I am not 12
You can be mugged for those quenched dollars. No one can rob you of bitcoin in cold storage. Btw, before long you will need a wheel barrow to haul enough cash to buy a week's worth of groceries. That dont sound fun
Live for today, if bitcoin is working for you enjoy your profits. There are NO guarantees in life and wealth comes and goes. I like gold and silver because its tangible and physical. I would trade all my wealth in any form for health happiness and love.
Help me out here. If I had my employer pay me in bitcoin like he recommends and the price of bitcoin doubles do you think my employer is going to pay twice as much for the bitcoin? I doubt it. So now that appreciation he talks about is great for the coins he already has and with any new “pay” it just got cut in half in relation to dollars.
Your boss would buy your paycheck's worth in BTC. If BTC doubles, he still pays your paycheck's worth. For instance, you get paid $1000 per week in value. The amount in BTC that you get paid changes every week, but the value is the same in dollars.
No worries with that. Everything will be going down against BTC price overtime including groceries, housing and yes your salary too. That also means what you save will acquire more purchasing power over time. And that also means you may be able to retire sooner.
There's people that run food trucks in South America that only except bitcoin in payment . If I charge you $3.25 US in bitcoin form for a taco and that turns into $18.65 US in bitcoin form and then you exchange back to US fiat , who's winning ?
@@rclewis01 Exactly, so, at some point in time after I was paid if Bitcoin kept going up then there would be some benefit but each time bitcoin has climbed and then I get paid I have not reaped the benefit of that climb on that paycheck just for previously acquired bitcoin. I’m just pointing out that some people may think you’re benefitting because bitcoin had previously climbed. Not the case unless it keeps going up in relation to dollars subsequently.
I don't think it's very wise to not hold any cash I don't hold mine in the bank that is foolish because in the interim if it crashes you're going to need cash until a money system is set up
Absolutely correct. A few months of living expenses in cash outside of the bank. Unfortunately People will only recognize fiat until the purchasing power evaporates. Then gold and silver
@@BitontoAutostry using gold or silver bars at any grocery store today and see what happens. Gold and silver have no value in a mad max world. Guns, food, water and fuel will provide power and wealth.
LoL!!! Daniella, please interview Mallers when Bitcoin is worth $0. I'd love to watch!! BTW, I'm surprised Mallers isn't smack talking all the so- called alt coins. Maybe he finally realizes that, compared to Bitcoin, many of them have real utility.
Which have max supply of 21 million or less, and creators dont own lions share or control the network. Satoshi went away quietly. No other crypto can say the same.
negative. banks were going to do this anyway. the free market as usual beat them. now that pandora s box is opened it is only a matter of time before BTC is the last man standing. good luck.
This guy is counting his chickens before they hatch. What makes you so convinced that in 100 years people will still be using obsolete “web 3 bitcoin?” Gold will survive calamity.
