Back to episode — Episode 2674 CWSA 11/29/24
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doesn't happen, that alleged hypothetical vulnerability that nobody's quite seen yet, all of the signals say that crypto will just keep going up basically forever. So if you had for example a bunch of cash investments and you add a little bit of crypto, your situation should be that your cash will inflate away to zero and your crypto will make up all the difference. So if you had, I don't know wh…
← Previous segment →orrow, but it could go to zero over time just because of inflation. So not actually zero but it could become so little that you wish you didn't own it. Crypto could make up all of that difference. So if you had 20% crypto and 80% regular cash you might find that the one going up is about matching the one going down. But I'm not smart enough or wise enough to say that 20% crypto is a smart number. It's not what I have. I have less. So I'm not giving you any advice on crypto. This is not financial advice.
But if you're trying to figure out how in the world does the United States survive crippling debt that just can't be paid back — basically it can't be paid back, let's be honest. We're not going to pay back any $35 trillion, $36 trillion. Nobody's getting paid back. We're getting inflated away and people will wish they didn't own it basically. So it could be that the only way out is crypto. If the government owns some as well as all the citizens then we could pay our taxes and etc.
So then if you take that context and then you look at Putin legalizing crypto and trying to get ahead of crypto, could it be that Putin knows because he's a pretty smart player that Russia also has to have crypto or else they're doomed? Or maybe he needs to own crypto to have some kind of leverage over the West. So when I see Putin going hard at cryp
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to it makes me think that he might be thinking a few moves ahead of us. So having Trump in office surrounded by smart people who are pro-crypto, it feels good. I'm glad that the Trump administration — not Trump specifically, he's no crypto expert — but he's certainly surrounded by people who are going to advise him well on that I think. Meanwhile France has announced that Netanyahu is entitled to…
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