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where's it headed for you well I think the first major stop will be a hundred thousand per coin that'll take it into the realm of being as a percentage of gold in terms of the evaluation will you know be up in the you know above the trillion dollar valuation goal is roughly seven trillion dollar and valuation total I think we're gonna we're gonna get up there start a challenging gold in the valuation side so you wouldn't sell any right now no I wouldn't no no okay let's compare it to gold because people love pitting these two together yeah you've been a recent piece said that bitcoin is like Moses for gold right how so okay thanks for bringing that up this is right I think the contention between the gold community and the Bitcoin community is should not be there right they are working they should be working we all just get along well I can initially the gold people hated Bitcoin then they've been on coming over one by one you know Royce the bag over at gold money a good friend of mine he's coming over to the final space right and you know he's not got crypto offering on on gold money he said he's doing more crypto per day than gold it's eclipse of this gold business but here's what I mean by that in other words why is gold been in such a slump for so many years and there's a huge body of evidence to suggest that it's being held down by the forces that would love to keep fiat money in place on the dollar strong they tend to attack gold and silver in the markets with a lot of short selling and a lot of naked short selling and this has been fully documented and they have been keeping the price down and because gold is a threat to the dollar okay so is the Bitcoin however there's nothing in place to do what they do to gold with Bitcoin so my point is this that if bitcoin succeeds in killing Wall Street in a way that whole machinery to keep the price of gold down will evaporate and the price of gold will be free to rise you know like Patrick Byrne over at overstock komm who was a victim of naked short-selling who fought naked short-selling for years he is vengeance he's starting a platform called t0 so its settlement date zero which is going to totally kill all the back-office bloated fee structures of Wall Street and that is great for gold because you want to get rid of all the machinery that's keeping the price of gold down where could you see gold headed if if this were not I think gold you know the chart on gold if you look at it it should in maps the growth of debt and that that relationship was severed about seven years ago where it suddenly gold started going flat you know entered this bear market but the debt kept growing at this you know 45-degree angle so if you gold should at least be back to where it should be - all this manipulation so that would imply a gold price I think I haven't checked my numbers recently but at least four thousand five thousand somewhere in that range you also brought Jim Rickards into them in a tweet you said you know he says the gold needs to get to ten thousand to clear global debt you said substitute that with Bitcoin yeah well Rick Orton is the biggest nemesis in the bitcoins and the Gold's bug in this space and we know we keep it friendly our debates but you know underneath it there's a lot of tension there because he realizes his whole worldview is being crushed and that you know bitcoin is about to kill everything he believes it and holds sacred he makes the point that the world debt level is in the multi hundred trillion level that the way to clear this debt you go back to what's been done many times before you go back to a gold standard I remember the Bretton Woods Agreement and they had a creek architected global currency grid and they brought the dollars backed by gold and there's this historic relationship between gold and world trade and he says that the way to clear this debt essentially you'd have to raise the price of gold and you'd have to make things again reserve back buy gold and that this would in bring in the inflation that's needed to you know stop this horrible deflation that's going on and that when you bring these two forces together you're talking about a ten thousand dollar per ounce price of gold okay makes a lot of census analytically that would be great if we were living you know in the 1930s our 40s or 50s you know as Jim seems to be stuck in that period he hasn't seemed to cross over into the 25 Street nice place but so I'm saying using that logic he were to clear everything in Bitcoin he come up with a multi million dollar price per Bitcoin so there's a two concepts I want to bring to your attention one it's called hyper Bitcoin ization the other one's called the Bitcoin black hole so the Bitcoin black hole is that the Bitcoin is sucking in all these horrible fiat money stocks bonds securities it's it's it's drawing cash out of all of these all of these fiat based and in fact the US dollar is in a hyperinflationary collapse against Bitcoin as we speak but Richert said that we're going to see how Bitcoin performs in a crisis he made that statement the crisis is right now and is performing today brilliantly the crisis is that the fiat money is collapsing that's the crisis jim raynor crisis that you predicted it's happening right now so for you Bitcoin has replaced gold as there's trumpet playing it's like the trumpets of Gabriel I mean call the way city construction but so is Bitcoin replace gold as a safe haven for you Bitcoin is equal to gold as a safe haven without any question and you can make the argument that it is superior to gold it fulfills the four major characteristics of gold that both Isaac Newton and Aristotle believed or key for a reserve currency it has scarcity fungibility Portability and desirability it has all those things and not on that but it also has something added which is that it's transforming the very nature of economics itself by bringing into what's going on here it's like a Ouija board oh my god what it was so much fun we gotta cut it off there but I appreciate you joining us thank you so much Danielle my pleasure help you do it again soon yes and thank you for watching we'll have more for you so be sure to stay tuned to Kiko calm you
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