Why Billionaire Thinks the Dollar’s Future Is in Trouble

Let's talk about Bitcoin.

86,000.

Our first investment in Bitcoin, it was $ 5, 000. So it's been very interesting to see Bitcoin and cryptocurrency rise through the years. It's been a very rollercoaster ride. It's been a very rollercoaster ride, like I said, from, I mean, you know, obviously Bitcoin people, some people got in at $ 100, but When I started to pay attention to it, it was 5,000. Then we got into crypto heavy around that time and it crashed. It went to 20,000 and it crashed and Bitcoin went back up to 20, 30 to 40 and then back forth and reached $ 120, 000. Then came back.

I've always remained consistent. I think what my Bitcoin take that I think Bitcoin is going to reach a million dollars one day and it's.

Here to stay. It's very resilient.

It's lasted every storm that was thrown at it. Every government regulation, everything that has happened that could have potentially tanked Bitcoin, it has not succeeded. It's been very resilient. And in the face of even more, what people would deem as adversity, probably, with the recent happenings of last week.

And it's rallying again. And 86,000 just pulled back a little bit from 86,000, but the mighty Bitcoin has proven once again why it reigns supreme. So what do we think about Bitcoin at 86,000. It's a, it's a key number.

I think it being at 86,000, I think it brings it out to just under 1% year to date. But if you look at it from a technical standpoint, shout out to staff. I know she put this in there. I was watching the charts as well. You can see the move or the momentum of it, of it climbing. I think we, I got it pinned at like 93,000 as the.

Next key level to, to see where it gets at.

But again, you, People are shorting Bitcoin and have been shorting Bitcoin and have been shorting Bitcoin related ETFs. And so again, when contracts expire, like they did on Friday, you look at those- That short squeeze. That short squeeze is a real thing. And so you saw $ 593 million that flowed into US Bitcoin ETFs today. That's 600 million in a day into Bitcoin ETFs.

Why?

Well, that Bitcoin winter, If you follow its historic patterns and you're looking at it from a technical standpoint, it looks like it's getting back to that line where we're going to see sort of a bullish run here. So that's important. And then you see institutional investors starting to put more money back in. So you saw Michael Seller today buy 950 Bitcoin at a retail price of 75 million.

Don't start.

I know last week was like that.

It almost felt like here's the doom, but kind of like what you're saying, Shadi, is that when storms are thrown at it, it kind of debunks the storms, right? The Clarity Act was supposed to be, oh, here's the legislation that's going to pass it.

It fails.

It was down for the day on Wednesday, and now look at what it's done, right? Even though it didn't pass, the SEC didn't say, like, hey, we're going to.

Find a way to get around it.

I know it's a political thing, Democrats, but they said, look, we're still going to find a way to make this thing work. And that talks about the resilience and the current administration saying, hey, we have to make this happen. Let's figure out how we can make it happen, which is all good signs for Bitcoin. So like I said, I think it's going to go a bit higher here.

$ 93, 000 would be a key level to watch. But yeah, man, it's here to stay.

Stop playing short-term games with long-term assets. Rashad and I are going to talk about this Wednesday. There is a short-term traders pandemic that I think is being used as a psyop to get us to not want to hold assets for a long period of time. For anyone who's short, any asset that matters, why? You're not going to make as much money as you think, and if you just hold long-term. My answer for everything, once I get the AI figured out and just say 10-year hold for anything you love, we're.

Really going to have a 45-minute show.

I think we could potentially pull back to $ 71, 796, maybe a month or two, three months. That's the level I like to buy. But I agree with the 90,000 assessment. I think by maybe next year we should be in the 101-something area. But hold for long-term. I don't want you guys to trade these assets short-term. I want you to hold them long-term. And how much from that 20,000 level are you up? Because I see some of y'all online trying to rewrite history. And that's fine. But you can't rewrite your net worth, my boy. Respect me with love from the bottom of my heart.

Dayama. Hold for the long term, y'all. Invest or die. Shadi, I'm fed up, y'all. I'm fed up, y'all. I ain't going to lie.

I'm taking the villain role back. You go back to being a good guy. Por favor. Can I be the villain?

Oh, no. Sure. Sure. Sure.

Just for a couple weeks. Are Ian and Rashad now fighting? Danny, don't start. And conspirator. Yes, I know Michael Saylor's up 40% in a month. but it has quite a way to go to get back to it. But I will say this about Saylor favorably though. I don't like the collusion by certain entities against micro strategy. I will say that in fairness, the stock should be a hell of a lot higher given the rise in Bitcoin, but the pressure that he's facing from certain institutions is, It's going to make that hard to do, but the stock should be a hell of a lot higher.

Back to you, Trevor. Yeah, focus on your money, man. Get your money right. If I would advise anybody, I would say just focus on that right now. Everything else you could figure out later on, and your health. Focus on your health and your money. But if you're not focused on your money, It's going to be really, really, really, really.

Dark. It's going to be good and dark.

Dark space for you because the cost of inflation, everything is going up. When you look at housing, when you look at school tuition, when you look at groceries, when you look at travel, you can't even travel. You can't even escape. It's going to be like a prison that you can't even get out of right now. They got plane tickets that's looking like.

It's $ 1, 000 on the same coast. To Florida.

To Florida. See, I don't know.

L.A. It's like, why?

They destroyed spirit intentionally.

And we just spoke to somebody that's a billionaire earlier today. And he said a billion is not what it used to be.

Hello. I haven't got to that beat, but hello.

And he also said, we was talking about, obviously the debt in America. And he was saying that, you know, that's how countries start to unravel is that, you know, the debt just gets out of control. And he said that there's really no way out of it because the only way out of it is to increase taxes and nobody wants to do that or to cut spending and nobody wants to do that. So he said what probably will happen in his opinion is that the American currency has to get devalued sharply. I think Japan actually did something like this, but America is going to have to devalue its own currency.

Like purposely devalue.

His own currency. Did he say to what level? No.

Sharply levels. Sharply levels. So if that does happen, right?

If the currency is devalued sharply, you don't think that they're going to just start making homes cheaper. Or they're going to just start paying people more money. So if this is somebody that's one of the smartest people in the world, And he's also one of the richest people in the world. By the way, it's not just a random conspiracy theorist on YouTube. He said his theory is that over the next 20 years, the American currency will be devalued sharply on purpose.

That's alarming.

I keep saying it 25 to 30 number for a reason. I don't want to be a propagandist or look like I'm trying to go viral. But if they degrade the money at 25% a year, allegedly, by 2033, if you start to look at what the million was, it tells you what level we'll be at.

And somebody says that's bullish for crypto. Yeah, it would be bullish for Bitcoin if you believe in Bitcoin. That's one of the things that has always... If you look at Bitcoin's chart versus the American dollar chart, if you look at any assets chart, gold, stocks, Bitcoin... look at their chart versus the American dollar's chart. And then if you look at those charts versus the American dollar's chart, then you understand that you really have no choice but to invest because the American dollar goes down over the course of time, all these other things go up. And if this theory holds true, American dollar is going to go down a lot.

And the last time we had a billionaire make a prediction pre-election, all of those things came true.

That's a fact. 100%.

Novo, four for four.

That was Mike Novogratz last time. And this is a different person.

This is another billionaire, but Mike Novogratz definitely predicted a lot.

The spending, the level of debt use, value of crypto.

You have to listen. When they're at that level, there are things that they know. It's different rooms and different access to different information. I can't wait for the interview to come out though.

Yeah, it's going to be, it's classic.

It's a straight, 60, 70 minutes of just gems, all gems, like.

Back to back to back to back to back.

So, you know, we, we have been fortunate enough to be privy with some, some real cool relationships and everything that we learn, we tell you guys. So no gatekeeper, no fee when day, cause it's like day, like when you, when you talk to like day, cause there is a day, Like, let's just be very clear about that.

There's a they.

Yeah, but there's a we. There's a we.

No, but there's a they. There's a they.

For sure.

When we talk to they, we provide the information to Market Mondays.

That's a fact. Learn today, teach today. That's been a... But you know what y'all should do? You should go find billionaires to talk to and then give it back to the people.

That's a great idea.

Yo man. You ever thought about doing that Rashad? That's a revolutionary idea.

That's a revolutionary idea. Donations.

Why Billionaire Thinks the Dollar’s Future Is in Trouble

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