Bitcoin & Tesla are going to SKYROCKET

hey everyone we kevin here the clips

you're about to see were filmed on march

1st which is really when tesla just kind

of started slightly going down

and bitcoin was getting ready to hit

all-time highs

take a listen to some of these warnings

from ross gerber he gives us an idea

about what we should have been paying

attention to before they both declined

but more importantly what his

projections are for the future

and keep in mind this is a rollercoaster

so go to medkevin.com

lemonade and get yourself life insurance

homeowners insurance and renters

insurance and even pet insurance

because any time you got a roller

coaster you want to make sure you're

insured roll the clip

so tell me i mean you've you're pretty

vocal on twitter i mean i pulled up some

uh some favorite tweets of yours uh

and uh you know i'll bring up some of

these but i i want to start with

with uh some of the more recent drama

that's going on

i want to start with uh your thoughts on

tesla

and bitcoin okay can you speak to maybe

both of these a little bit

maybe start with uh you know bitcoin

let's let's go down that rabbit hole a

little bit and then we'll talk tesla

and integrating this all so i want to

preface that

there's been a lot of speculation lately

in the stock market and

in digital assets like bitcoin and and a

lot of people

in the last six eight months have gone

into investing

they've been at home they have extra

capital and they're they're investing

and they're learning

so i like to preface everything is that

these are high-risk investments and

there's

high return with these investments but

we've seen a lot of the good side of

that

and not as much of a bad side of it

lately so as much as i'm bullish on

tesla and bitcoin long term

these are assets that are highly risky

and

and it's really not appropriate for a

lot of people who don't have diversified

portfolios

to just dive into high-risk assets so i

just want to preface it

because i'm really bullish on these

investments but i don't think that

people should just like put all their

money

in tesla and bitcoin now it might work

and you'd be

super rich but you also will go through

horrendous periods of time

of depression as these assets move you

know

down sometimes too um yeah so i think

they're both

incredibly disruptive innovative

technologies

one is a company and one is a system

let's say a monetary system

and so you know they're very different

to talk about

tesla is how i would say reordering

the energy system and transportation

systems in the world

to electric vehicles from gas um

it's its founder elon musk is is the

genius of our time

he's the visionary of our time he will

bring us to mars

he will transform the auto industry and

the energy industry

to a cleaner future so investing in

tesla to me makes a lot more sense than

investing in bitcoin

in the sense of as an investment why

because you own

part of a company and that company over

the next 10 years should produce

tremendous amount of revenue and profits

and is

cornering what i consider one of the

most

substantial important markets in the

markets

okay so you have energy and you have

transportation and here's a company

that's actually really good at both so

you know you know that's huge that's

huge

now bitcoin on the other hand is to me

the internet of money

so it's digital money and they built an

ecosystem around this

and they've created a un uh inflatable

currency in other words you can't print

more bitcoin

there's a finite amount of them and so

the way that they build bitcoin

in that governments don't control it

it's decentralized

it's global and allows individuals to

either transact

business with each other or to buy goods

and services

which it's not that efficient for is

genius and it was created post-financial

crisis because

what we learned was that governments and

banks aren't responsible

with our money and they can lose it all

and that's what happened in the

financial crisis and so

bitcoin was a byproduct of the financial

crisis and

so to me it's a hedge against government

that's what bitcoin thrives around it

thrives around uncertainty

it fires around governmental failure and

monetary

irresponsibility and we got all of it we

just got all of it

so you know so bitcoin is is coming in

his own you know

it's like bitcoins like the happiest

coin

of all time because everything that

bitcoin was created for is happening

so really you see political instability

uh in addition to the money printing

like this 1.9 trillion dollar stimulus

package

we see both of these as as big catalysts

or you see both of these as big

catalysts

for bitcoin to just continue a potential

rally we know it's volatile but you

think that's actually what's propping up

bitcoin

well it it's the fundamental

underpinning of

bitcoin but what's actually driving

bitcoin are institutions like myself so

so we are going to be i'm trying to

launch

our bitcoin program in two weeks um just

yelling at my partner about

them wasting time so that we can get

this done um

because the demand for digital

currencies is enormous

and institutions haven't been able to

offer that to their clients

in the past so what we're seeing behind

the scenes that

the public doesn't see is firms like

mine

are lining up at the door to figure out

how to do this

most aren't brave enough like me to just

go do it

and so they're waiting for people like

me to do it

before they do it so when scc says ross

what are you doing

and i have a whole plan and system

because i've done this before

they'll be like oh this is great this is

how it should be done you know so we're

trying to basically create the format

for investment firms

to to sell digital assets in the future

to their clients

um so we're working on that really hard

right now to launch this month

hopefully in two weeks which is maybe a

miracle

because we believe very much so that

clients should have a certain

diversification into digital assets and

and we think that

institutions will be doing this just

like tesla bought bitcoin and squares

bought bitcoin

and other companies will buy bitcoin we

are seeing in the investment side too

whether it's blackrock

infidelity and we're seeing it from the

ria side

i can't name other ones that are behind

us that are trying to launch their

programs

but one firm in particular is huge way

bigger than us even

and you know we can move faster

fortunately um

yeah but but the money

that will flow towards bitcoin the the

demand

for it from institutional investors will

be very large

uh and got willing they do an etf

it i mean yeah it goes it doubles you

know

triple that's the limit then it doubles

or triples wow okay so you're thinking

you know if we there's an etf you're 100

150k a coin easy huh

oh dude see the whole thing is you can't

buy coin and scale

easily you know like like for me to like

like

they figured out how to buy a billion

dollars the bitcoin finally you know

through

like coinbase or or gemini we're using

gemini

um but they kind of have the most

bitcoin you know like coinbase and

gemini i think

each have like 10 of bitcoin i i that

that's not a real

stat i i think they have something like

that in their custodian

so you've got the two pillars of bitcoin

and that's really the only places you

can trade and sk

in size so like most institutions

big institutions want to buy like 500

million or

100 million you know good luck with that

it's a lot effort

you know i'm not even sure how tesla

bought their bitcoin

um so so this is what's changing and as

institutions get in and bigger purchases

are made

the price will move higher um the total

market cap is

about a trillion dollars for for bitcoin

maybe less but

but when you think about the monetary

base of capital out there just cash

just cash in banks is trillions and

trillions

sitting in the bank right now right now

i i don't know the exact number but i

know it's like 5 trillion or something

like this

it's some crazy number okay sitting in

the bank so if just part of that money

was saying you know we're tired of

actually losing money to inflation

and moves to bitcoin

goodbye goodbye wow because

it seems like a lot of corporations

today well one of the

common ways i think uh corporations and

institutions invest in bitcoin is

through the gray scale of bitcoin trust

but it seems like that's

you're paying a premium there sometimes

you're paying a substantial premium

as high as 30 40 sometimes uh at the

same time you've got

uh your corporations that are

essentially

keeping their cash either as cash or as

treasuries which are losing value

why not put it into something like

bitcoin that's what you you're you're

thinking

that's almost inevitable argument that

was made you know

i i'm really close with all the tesla

people you know we're part of a

a club i guess you could say of tesla

investors who have weathered the ups and

downs

together um and one of the super smart

guys i deal with that

who's a tesla investor we discussed this

so if

if a traffic if a corporate treasury's

going to buy a bitcoin

it's not cash okay like you own cash in

a bond because it's liquid

i can i can use it for my company when i

need it you know you're a real estate

guy you know you get it

you got all these buildings you got to

have a certain amount of cash right

like something happens you just got to

have cash so if i put that into bitcoin

it might not be the right day to sell

the bitcoin

the day you know the the building needs

to be redone or whatever

and so it's like it's part of the

investment portfolio

of a corporation and the profile from a

risk perspective is

high so i i would say that most

corporations it's not

the smartest thing for them to do

because they need their capital to

to support the company you know like you

want something safe

but if you have this excess capital your

google your apple

your microsoft your berkshire hathaway

berkshire hathaway 134 billion in cash

right

warren buffett can't think of anything

to do with it anything

think about the inefficiency if that's

losing two percent

to inflation okay and then you have

taxes and whatever so when you figure

out he earns one or two percent on the

cash then he

has taxes and inflation he's losing one

to two percent so he's losing billions

holding cash where he could take five

percent of that let's say five billion

dollars or seven billion dollars

buy bitcoin as an investment and yeah

it's risky

but he could make five or 10x holding

cash or

new dollars or whatever you want to call

bitcoin

so i think it's for a more adventuresome

company but it certainly

makes a lot of sense to me i think for

tesla

you know elon comes from paypal so i

think he just gets it

got it yeah from maybe that engineer

kind of background is is it something

where

is bitcoin uh risky or

is it just volatile or or is there maybe

like

do those get mixed together sometimes

like is there really a risk that

bitcoin's gonna go to zero

or is it just like hey it fluctuates but

in the long run this is here to stay i

mean is bitcoin gonna go away

well when i started with bitcoin it was

about six or seven years ago

and it was a 250 dollar a bitcoin okay

and i thought for sure when i bought my

first bitcoin then that it would go away

like it would just be stolen from me

like i didn't believe in satoshi

i don't i still don't believe in any of

that you know

so like when they told me the story and

i

i work with some guys who are now very

very wealthy

you know like and they convinced me

to try it i don't think they convinced

me of bitcoin

now it's six years later and it's still

here

and the chinese have tried to kill it

and the americans have tried to regulate

it and

and every government has had their

issues with it it's still here

and all these characters that are behind

bitcoin and all these

wacky criminals and this and that

they're all still here

and and so now bitcoins at let's say 50

000

okay seven years later and i'm pretty

sold it's going to be here

you know like i i'm pretty sold it's

gonna be here

like if if they haven't killed it from

250

when it was a bunch of criminals to

today with institutions buying it and

it's worth 50

000 right i don't think zero

is the outcome most likely okay like i

just don't

now could bitcoin go down to 10 000

again

for sure for sure so i think

i've owned bitcoin through all these ups

and downs

you know people have this term diamond

hands you know they go oh do you have

a hands you know and i go dude you don't

get rich with paper hands you know

like you just you don't you know

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