| hovering around 49 000 for the first | 5.439 | Jump to 7.12 |  |  | 
              
                
                  | time in five days this is bitcoin's | 4.56 | Jump to 9.76 |  |  | 
              
                
                  | a record high of almost 69 000. well it | 5.039 | Jump to 14.32 |  |  | 
              
                
                  | one that got me thinking a lot | 4.559 | Jump to 40.0 |  |  | 
              
                
                  | yeah governments are a 33 trillion | 4.32 | Jump to 58.48 |  |  | 
              
                
                  | and cryptocurrencies were one of the | 3.84 | Jump to 65.36 |  |  | 
              
                
                  | um it's 33 trillion it's 12 trillion | 5.519 | Jump to 78.64 |  |  | 
              
                
                  | overpriced relative to the 50-year | 3.52 | Jump to 82.0 |  |  | 
              
                
                  | something like 20 or 30 percentage | 3.36 | Jump to 94.0 |  |  | 
              
                
                  | all being driven by one non-economic | 4.399 | Jump to 113.68 |  |  | 
              
                
                  | yeah so there's really one buyer in the | 4.16 | Jump to 124.64 |  |  | 
              
                
                  | the 10-year note down to 1.4 percent and | 6.0 | Jump to 132.959 |  |  | 
              
                
                  | goes to zero yield and so your bond | 4.56 | Jump to 140.8 |  |  | 
              
                
                  | could go up 14 percentage points but if | 3.52 | Jump to 143.04 |  |  | 
              
                
                  | 50-year average relative to inflation | 4.881 | Jump to 148.239 |  |  | 
              
                
                  | the bond a 10-year note in the u.s will | 4.161 | Jump to 150.959 |  |  | 
              
                
                  | go down 30 percentage points so there's | 4.399 | Jump to 153.12 |  |  | 
              
                
                  | at a 40-year high right now | 5.68 | Jump to 161.36 |  |  | 
              
                
                  | cpi's at 6.8 | 5.679 | Jump to 163.84 |  |  | 
              
                
                  | and now they yield 425 basis points less | 4.961 | Jump to 169.519 |  |  | 
              
                
                  | 50-year real rate average there are over | 5.839 | Jump to 174.48 |  |  | 
              
                
                  | 700 basis points through that 50-year | 3.92 | Jump to 177.36 |  |  | 
              
                
                  | inflation's already at a 40-year high | 3.841 | Jump to 197.599 |  |  | 
              
                
                  | one of my favorite statistics on how | 4.08 | Jump to 199.68 |  |  | 
              
                
                  | united states is down to only one week | 5.521 | Jump to 210.159 |  |  | 
              
                
                  | investment portfolio was 60 40 you know | 6.0 | Jump to 235.599 |  |  | 
              
                
                  | 60 stocks 40 bonds if if you still have | 6.24 | Jump to 237.68 |  |  | 
              
                
                  | sort of obviously the one everybody | 4.0 | Jump to 260.479 |  |  | 
              
                
                  | yeah so obviously bitcoin's the first | 4.321 | Jump to 271.199 |  |  | 
              
                
                  | largest market cap it's about 40 of the | 4.239 | Jump to 275.52 |  |  | 
              
                
                  | yahoo maximalist you know there were 30 | 4.56 | Jump to 303.28 |  |  | 
              
                
                  | 30 or so other protocols that are | 3.44 | Jump to 312.0 |  |  | 
              
                
                  | we saw 69 thousand dollars as we look to | 6.72 | Jump to 322.96 | 
                      
                        
                      
                        MONEY
                      
                      
                        69 thousand dollars
                      
                     |  | 
              
                
                  | 2022 how much upside do you see and how | 5.04 | Jump to 326.32 |  |  | 
              
                
                  | up 2.5 x | 4.32 | Jump to 344.56 |  |  | 
              
                
                  | every year for 11 years on average | 4.48 | Jump to 346.24 |  |  | 
              
                
                  | was four years ago so relative to its | 6.319 | Jump to 350.72 |  |  | 
              
                
                  | trend it's actually 45 below its 11 year | 5.44 | Jump to 353.759 |  |  | 
              
                
                  | trend of going up two and a half times a | 3.44 | Jump to 379.44 |  |  | 
              
                
                  | back on trend i think it two hundred | 5.76 | Jump to 390.96 |  |  | 
              
                
                  | thousand dollars is a likely target | 5.759 | Jump to 392.56 |  |  | 
              
                
                  | two hundred thousand dollars dan it's | 3.12 | Jump to 396.72 | 
                      
                        
                      
                        MONEY
                      
                      
                        two hundred thousand dollars
                      
                     |  |