This Is the Biggest Scam in Human History — And It’s Happening Right Now | Robert Breedlove

Reggie, I just sold my car online. Let's go, grandpa. Wait. You did? Yep. On Carvana. Just put in the license plate, answered a few questions, got an offer in minutes. Easier than setting up that new digital picture frame. You don't say? Yeah. They're even picking it up tomorrow. Talk about fast. Wow. Way to go. So about that picture frame. Forget about it. Until Carvana makes one, I'm not interested. Car selling made easy on Carvana. Pickup fees may apply. Welcome back to part two of this incredible conversation. Without further ado, here we go. There's a reason, very open to what that is, but there's a reason that gold functions the way that it does, which is in times of inflation, people are going to flee to gold. In times of, government uncertainty, whether they'll pay back their debts, people are gonna flee to gold. They don't expect a big return. They just expect safety. That's right. Bitcoin does not function like that yet. Maybe it will one day or maybe it's something that people think of in a totally different way. And I'm just like, I have a take. I think I know why it is, but I could be wrong. And so I'm just curious what you think the answer is. So far, it sounds like you're saying, it's just new. And so as it grows, it will probably function more like gold and that its volatility will go down because the it's just raw size will go up. But I was just curious if you think that people mentally map it differently now if they see it as a sexy thing that is sexy precisely because it's high volatility. And so they want in. They're going to ride that volatility. They're going to day trade against it. They're going to do all the fun things that people wouldn't do with gold. And then if that's correct, if you think that it's inevitable that that changes, but it remains a gold like thing, or if it stops being the cool new thing and we move on. Mhmm. Yeah. Well, people buy assets for all kinds of reason. Right? Like, how people arrive at their conclusions is often beyond me. But I will this is where I think it's very important to be a fundamental investor or at least take a perspective on fundamentals of the asset. One of the most important answers to the question, what is money in my opinion, for me at least in my journey, was when I arrived at the properties of money. Like what are the actual to use this was language popularized in the nineteen sixties by a a guy named Gibson. He wrote a book, An Ecological Approach to Visual Perception. And he talked about affordances that organisms actually perceive affordances which are opportunities for real action. Right? And he, you know, it's very it's kind of an interesting thing. He makes a point often that they're neither …