Why Billionaire Thinks the Dollar’s Future Is in Trouble

0:00This is an I Heart Podcast. Guaranteed Human. What's up? Look, on earned your leisure with all about smart money moves. Here's one most people skip, and it starts with insurify. Most of us never shop our car insurance. The policy renews every year, the rate creeps up a little at a time, and nobody calls you to tell you. You stay with the same company because it's easy, and that convenience costs you real money. That's what insurify fixes. Real quotes from more than 120 top insurance companies sell it to you. About two minutes free, no phone calls, no pressure. And if there's nothing better for you right now, insureify keeps watching and tells you when that changes.

1:00So you're never stuck over paying. Millions of people have used insurify to shop for their car insurance. So insure with insureify. Go to insureify.com. That's I-N-S-U-R-I-F-Y.com. Insureify.com. Insureify.com. Insureify.com. So insure with insureify. Go to insureify.com. That's I-N-S-U-R-I-F-Y.com. Insureify.com. Lisa, tell them about our new show. We have a new podcast. It's called Don't Lie to Me. I'm Lexi Juanio, we're two best friends, 22 years apart, but so close at heart. And I'm Lisa Di Giulio, the old one, which means we have wildly different references, occasionally different opinions. And at this point in my 50s, I've lived it all. Now in my 30s, being the founder of new shoes, good taste is my business. Listen on the I-Hurt Radio app, Apple podcasts, or wherever you get your podcasts. I'm Lacey Mosley, author, actor, stand-up comedian, creator, and host of SCAM Goddess Podcast.

2:02The True Crime Comedy Podcast, all about robbery, fraud, and those who practice it. Each week I bring on an amazing guest. Ooh, I scammed them. What? I could talk to you for an hour. You're a generational yapper, like me. That's why I had to make yapping a job. And now you can catch full episodes of my show on YouTube. Start listening to SCAM Goddess on the I-Hurt Radio app, Apple Podcast, or wherever you get your podcasts. Look at me, I've got this. Ernest, what's up? Look, every purchase is a financial decision. So it's worth asking, what am I getting out of this? If you're using the Chase Freedom Flex Card, you can maximize your cash back on things you need. Groceries and gas, cash back. Dinner? Cash back on that too. More ways to earn, more ways to get rewarded. Sign up for the Chase Freedom Flex Card, learn more at Chase.com slash getflex. This is a paid collaboration with Chase Freedom Flex. Cars issued by JP Morgan Chase and a member FDIC. Subject to Credit Approval. Offer subject to change. Terms apply.

3:02Let's talk about Bitcoin. $86,000. I first invested in Bitcoin and it was $5,000. So it's been very interesting to see Bitcoin and cryptocurrency rise through the years. It's been a very roller coaster ride. It's been a very roller coaster ride, like I said, from, I mean, obviously, Bitcoin. People, some people got in at $100. But when I started to pay attention to it, it was $5,000. And we got into crypto, heavy around that time. And it crashed. I went to $20,000 and it crashed. And Bitcoin went back up to $20,000, $30,000, $40,000, $20,000. And then back forth and reached $120,000. I think came back. I've always remained consistent. I think what my Bitcoin take, that I think Bitcoin is going to reach $1,000,000 one day. And it's here to stay. It's very resilient.

4:02It'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 rains supreme. So what do we think about Bitcoin at $86,000?

5:03It's a key number. I think it being at $86,000, I think it brings it 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 at the momentum of the climate. I think I got to pin down like $93,000 as the next key level to see where it gets at. But again, 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 screen. That short screen is a real thing. And so you saw $593 million that flowed into US Bitcoin ETFs today. Almost 600 million in a day into Bitcoin ETFs. Why? Well, that Bitcoin winter, right? If you follow it to store it better than 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 a sort of a bullish one here.

6:07So that's important. And then you see institutional investors starting to put more money back in. And so you saw Michael Seller today by 950 Bitcoin out of retail places, 75 million. I know last week was like that. It almost felt like here's the doom, but kind of like what you're saying, Shady 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 still we're going to find a way to get around it. I know it's a political thing, Democrats and 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 times with Bitcoin. So like I said, I think it's going to go a bit higher here.

7:0893,000 would be a key level to watch. But yeah, man, it's here today. Stop playing short term games with long term assets. Rashad and I are going to talk about this one that Wednesday. There is a short term traders pandemic that I think is being used as a sia up 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, like my answer for everything, once I get the AI figure out and just say 10 year hold for anything you love, we really going to have 45 minutes show. I think we could potentially pull back to 71,796. Maybe month or two, three months. That's a love 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.

8:10Short 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 respectably with love from about my heart, they have no hope for the long term, you know, invested. Shotty, I'm fed up, y'all. I'm fed up, y'all, I ain't going to lie. I'm taking the villain rollback, you go back to being good guy or if I've wore, can I be the villain? Oh, no. Sure, sure, sure. This is for a couple weeks. Are you in a shot now fight? Danny Dostoy and conspirator. Yes, I know Michael sailors up 40% in the month, but it has quite a way to go to get back to his. But I will say this about sailors favorably though, I don't like the collusion by certain entities against micro or strategy.

9:11I 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 going to make that hard to do, but the stock should be a hell of a lot higher. Back to your trauma shot. Errners, what's up? Look, on earned your leisure, we're all about smart money moves. Here's one most people skip and it starts with insurify. Most of us never shop our car insurance. The policy renews every year, the rate creeps up a little at a time and nobody calls you to tell you. You stay with the same company because it's easy and that convenience costs you real money. That's what insurify fixes real quotes from more than 120 top insurance companies side by side about two minutes free no phone calls, no pressure. And if there's nothing better for you right now, insurify keeps watching and tells you when that changes so you're never stuck over paying millions of people have used insurify to shop for their car insurance. So insure with insurify go to insurify.com that's I end as you are I FY dot com insurify dot com.

10:20Lisa, we should tell them about our new show. Oh my god, Lexi, we have a new podcast. It's called Don't Lie to Me. I'm Lexi, you want to wear two bus friends 22 years apart, but so close at heart. And I'm Lisa, Julia, the old one, which means we have wildly different references, occasionally different opinions. And at this point in my 50s, I've lived it all. I'm not going to get any of your fighting. That is wild. I learned that about you today. Now in my 30s, being the founder of new shoes, good taste is my business. And I've always got something to say. If men were just honest about this, there would be so much more peace in the world. We're going to talk about dating, relationships, beauty, getting older and a little wiser. We're best friends, but we don't always agree. Because you told us how accommodating you are. Obviously, I would do what I think I could do to fight the fight, but there's only so much fight I can fight. Don't lie to me. Don't lie to me. Don't lie to me. Don't lie to me. Don't lie to me.

11:22Don't lie to me. Lie. Listen on the I Heart Radio app, Apple podcasts, or wherever you get your podcasts. I don't really care. Hey, everybody. It's me, Debbie C'monville. This season of my podcast, who's with me, I speak with two-time Emmy winner and weirdly one of my best friends, Kevin Avery. Everything up to that point, Bill G was a comic. Us going on the road, doing battle, mountain, and e-lead. Yeah, you took me, you were one of the first people who took me on the road. Which is funny, because at the time I was like, I don't know if I like this guy. With rapper, actor, David Diggs. The jump off for me was Hamilton, and it was the most popular thing in a very long time. But it was still for me, it was me and my friends making something dumb. Bruce Lee's daughter and Brandon Lee's sister, Shannon Lee. Back to your initial point of stewarding my father's legacy and giving my energy to that. You're lending your life to stewarding somebody else's life.

12:22Listen to who's with me with Debbie C'monville on the I Heart Radio app, Apple Podcast, or wherever you get your podcasts. Ernest Halloween has a funny way of making you buy things you never normally buy. A 10 foot skeleton? Sure. Full size fog machine? Why not? Three bags of candy that somehow becomes six bags of candy? It happens. Which brings me to the Chase Freedom Flex card. The savvy decision that will earn you more cash back on the everyday purchases plus the extra ordinary Halloween tricks and treats. With Freedom Flex, you can earn even more treats on your Halloween and everyday needs. You get 5% cash back on popular rotating quarterly categories, 3% on dining and drug stores, and 1% on all other purchases. More ways to earn, more ways to get rewarded. So sign up for the Chase Freedom Flex card. Learn more at Chase.com slash get flex.

13:24This is a paid collaboration with Chase Freedom Flex. Cards issued by JP Morgan Chase Bank and A, member FDIC, Subject to Credit Approval, offer Subject to Change, Terms Apply. The World Cup is over. But if you caught the soccer bug and aren't sure what to do now, check out our podcast Big Kick Energy. I'm Cameron Dicker, the kicker from the Los Angeles Chargers, most accurate kicker in NFL history. But I was raised on the soccer pitches of Shanghai. And I'm here with Timmy Tillman, L.A.F.C. star, grew up in the academies of Germany and now under the bright lights of Major League Soccer. So we know a little something about kicking balls. Maybe you're new to the game? Are you ready to take your passion to the next level? Each week will tackle things like, who's winning the Premier League this year? Playing like a number 10. Do you know what that means? Then we go over to France. Liga. Liga on. Liga. You know what's more, he's better off being. What do you think is harder? Scoring a penalty kick or scoring a field goal? He's an NFL and I'm like, just a big fat guy. I do not know what that's called. Join us each week for a quick chat with your soccer loving bros about the best sport in the world.

14:28Soccer. Just don't tell my coaches I said that. Listen to big kick energy on the I Heart Radio app Apple podcasts or wherever you listen to podcasts. And I focused on your focus on your money, man. Get your money right. Just I would advise if I would advise anybody, I would say just focus on that right now. Everything else, you know, you could figure out later on and your health. Focus on your health and your money. But if you're not focused on 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, like 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. Like they got a plane tickets that's looking like $1,000 on the same coast to Florida.

15:30See how they like why they destroyed spirit intentionally. And like we just spoke to somebody that's a billionaire earlier today. And he said a billion, a billion is not what it used to be. Hello. So it's laughing after that. But hello. And we 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. He said that there's really no way out of it because only way out of it is to increase taxes. And nobody wants to do that. So he said what will probably what happened in his opinion is that the American currency has to get devalued sharply. I think Japan actually did something like this, but the America is going to have to devalue its own currency. Like purposely devalue. Did he say to what level? No, sharply sharply sharply levels sharply levels.

16:34So if that does happen, right? If the currency is devalued sharply, they're not you don't think that they're going to just start making homes cheaper. But are they going to just start paying people more money? So if the 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's 25 to 30 number four reason. I don't want to be a propagandist. I 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 would be at.

17:35And somebody says that boys for crypto. Yeah, it would be boys for Bitcoin. If you believe in it. 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 dollars chart. And then if you look at those charts versus the American dollars chart. Then you understand that you really have no choice but to invest. Because every the American dollar goes down over the course of time. All these other things go up. And if this theory holds true, American dollars going to go down a lot. And the last time we had a billion that make a prediction pre election. All of those things came true. That's a fact. 100% Nova. Four for four. That was like Novakrat last time. And this is a different part. This is another billionaire. But Mike Novakrat definitely predicted a lot.

18:36So the spending, the level of debt use, value of crypto. You have to listen when people, when they're at that level. They're 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 a, it's classic. It's a straight 60, 70 minutes of just gyms. All gyms like back to back to back to back to back. So you know, 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 they, because it's like they, like when you, when you talk to like they, but there is a day. Like let's just be very clear about that. There's a, there's a day. Yeah, but but there's a week.

19:36So now one of the week, there's a day, there's a day. There's a, for sure. When we talk to they, we provide the information to market Monday's. That's the final. Learned a day, teach today. That's been a, but you know what y'all should do? You should go find billionaire to talk to and then give it back to the people. That's a great idea. Yo, man. That's a revolutionary idea. That's a revolutionary idea. Donations. Ernest, what's up? Look, every purchase is a financial decision. So it's worth asking, what am I getting out of this? If you're using the Chase Freedom Flex card, you can maximize your cash back on things you need. Groceries and gas, cash back, dinner, cash back on that too. More ways to earn, more ways to get rewarded. Sign up for the Chase Freedom Flex card. Learn more at Chase.com slash get flex. This is a paid collaboration with Chase Freedom Flex. Cars issued by JP Morgan Chase and a member FDIC.

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23:37This is an I Heart Podcast. Guaranteed Human.