Crypto Myths, Fables, and $2 Million Fairy Tales

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myths, fables and amazing stories. boy. Yeah, my email box is going to be filled up with all sorts of hate from the the true believers out there. Time to time, we get into crypto here on the program. And I’m to go back to when.

years and years ago when this was being it was being explained to me. Being explained to me because again, it was another, you know, wizard of smart out there that knew what what we at Markowski Investments needed to do. We needed to definitely have a crypto platform. We need to get involved in this crypto, but how to do it. would be enormously profitable. Like, yeah, for me.

For me, but for everybody else, not so much. And I can’t tell you how many people over the years have tried, tried to explain to me crypto and all the various different, again, fables and tales and amazing stories that they give. None of it, none of it makes sense. And, you know, most of them are just proven to be not true.

Not true. I want to go through this with everyone. There’s so much because crypto is dropping again. I harken back to what was it three years ago, four years ago. I can’t remember the year. I remember what was that was the crypto Super Bowl year. Larry David had an ad and Matt Damon had an ad and Fortune favors the brave and South Park did a whole episode on that. guess, you know, whatever.

Whatever, you know, thing went down, then came back up. See, we told you so. All of this nonsense. Actually watching bloody Jim Kramer. Jim Kramer actually urging on that. My opinion, he’s a criminal. Michael Saylor, the guy from MicroStrategy to step in and do something. You got to save this thing. It just keeps dropping. Yeah, you’re going to see plenty of people on

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CNBC. Yeah, if I have to see Tom Lee, it’s like, Tom Lee actually owns CNBC. He’s on so much. I mean, he’s on that network so I mean, he’s on all the time. And he’s there to tell you that, you know, everything is going according to plan. When it comes to crypto. Okay, I’m gonna go through these are the these were the picks. Price picks for 2025.

were the experts, the crypto experts. The crypto experts were telling us, JP Morgan had it $170,000 end of 2025, Vanek 680,000, Standard Chartered 250,000, Tom Lee 250,000, what’s his name there? That other criminal, Robert Kiyosaki, rich dad, poor dad.

It’s another guy. It’s so full of crap. It’s not funny. 350,000. He had that out. Black Rock 700,000. Chamath 500,000. Michael Saylor a million. Million. Oh, yeah. Yeah. Arc. Kathy Wood. 1.5 million. Galaxy Digital 400,000. Pompano 500,000. Max Kaiser 220,000. No, no, no, no. I’m sorry. Arc investment had at 1.5.

Kathy Wood had it at 2 million.

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like some sort of bizarro auction and I’m gonna get this is been around the block. You want to you want to get somewhere when I mean get somewhere.

Get airtime. You want to get airtime. You want to become big and popular on Wall Street. You have to be ridiculous and bold in your predictions. And this goes all the way back to the 1990s, where you had all of these dot com analysts putting out recommendations that just, they’re just throwing numbers up there.

Throw in numbers, could they actually show you some sort of formula that would justify their prediction or their price target? Do you think Tom Lee can? Do you think Kathy Wood can? No way, no how not going to happen. There’s something I say about Bitcoin people. 90 %

90 % of the Bitcoin supporters out there have no idea what they’re talking about.

no idea what they’re talking about. The other 10 % they know, but they’re just lying.

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So just get your arms around that. It was a great piece talking about this today and where we’re at when it comes to crypto. And I’m here to tell you, I’m be honest, I don’t know where it’s going to go.

I don’t know where it’s going. I have no idea. I’m telling you right now, it could go to a million.

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It could go to 5 million. It could also go to zero.

I have no idea. Because I have no idea, it’s not something that I would invest in. your speculative dollars, you want to have a little fun on the side, it’s your gambling money. Okay, invest.

on what metric? Anyway, this is what’s happening right now. You’re actually watching. It’s gotten so bad on CNBC. They don’t call anybody out. I mean, they could you could be so blatantly wrong. So blatantly wrong. And you just they don’t call you out and you just.

There’s no reflection on anything you say. You just keep repeating it. It’s again, I just this weird world we’re living in there. It’s a you know, that whole Roy Cohen never admit when you’re wrong, always declare victory. Same thing holds true for the the doofuses that they parade on CNBC. Yeah. OK. Let’s let’s take a look at what’s going on right now. OK.

You got you got an absolute well, you got to get these analysts that come up, come up with these absolutely ridiculous numbers. Some call it the Kathy Wood model there. You just make up a bullshit number. That sounds good. Tesla’s got a ten thousand. And I don’t know, you know, what nonsense she she puts out there. And then you you have some.

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ridiculous analysis out there to try to justify your prediction. It’s just, they’re just vibing people. That’s all. Again, you think about these numbers and how ridiculous they are. then they’re asked, you when they’re asked about things, great column on this, they were pressed on fundamentals, the conversation.

Usually slides you’re watching this thing on TV and I’m like, what what are they talking about? liquidity M2 macro economic tailwinds basically saying well, feds gonna print some more money. Brilliant bit more money. So because the feds gonna print more money, Bitcoin should be worth more. That’s you’re not really valuing anything with that. Are you? All your

all you’re doing it’s you know, you’re betting on monetary expansion. That’s all. I’m going to go through what Bitcoin doesn’t do.

And in column, he talks about the same thing that I’ve been talking about for years. Bitcoin does not generate earnings. It does not pay dividends. It does not reinvest profits. It does not scale productivity. All it is, is it sits there. It sits there and waits for somebody else to pay more for it.

That’s all it does. That’s it.

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That is the sole function of Bitcoin crypto. can make, again, it proved it was all of these freaking meme coins that were out there. Melania coin, Trump coin, Doge coin, all this nonsense. Nothing was a name.

And the entire idea is just to get somebody else to pay more for it. It’s the entire thing. When people start talking about the fundamentals, there’s no fundamentals outside the story. So as I said, it’s the myths, the fables that are being told. And if people buy into those myths and fables, guess what? It’s gonna go up.

That’ll make it go up. So this is why you get these people that are, air quotes, investors in crypto, getting their underwear in a bunch where people actually question what’s going on because they need to sell the story. They need people to believe the fable. You can take a look at this difference between, let’s say, a company that will say is

out of favor for whatever reason it be, or the stock has underperformed. But you can still take a look at the company and say, wait a second, okay, what’s the book value here? What’s the PE? What’s the outlook for this company? And you can say stuff, wow, mean, maybe the company’s on sale.

And again, that gets back to Benjamin Graham talked about the intrinsic value of something. And the goal, obviously, is you want to buy it below its intrinsic value. Correct? You want to get something on sale. you can actually see, you can see the value. You can witness the value. The value is tangible.

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Nothing tangible about this. Another another phrase that I’m hearing a lot. Tom Lee talks about this. I saw this institutional adoption. Yeah, it’s getting so again, all these all these big banks are all going to be getting involved in all this. And, know, it’s going to get adopted. It’s only going to go higher because of that. Yeah, sure thing, Tom. They don’t give a damn. They really don’t. They will drop.

Bitcoin they’ll drop anything like a rock all they care about is their bottom line It’s out of favor. It’s out of favor You think anything different you are crazy The only thing we talk about the activity in the crypto sphere out there What is it’s trading?

leverage, leverage various different ways that they come up with trying to come up with crazy yields.

What is it actually good for? And again, this great column today on this, Tom Lee’s 250,000 Bitcoin target and other bedtime stories. Very little of it translates into broad economic utility. Basically,

solved one big science experiment, quite frankly. And again, you’re told all of these things here this too. All right, so four year cycle. They’re in a four year cycle.

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Huh?

four years. Was it the Olympics for crying out loud? Four years cycle. And every single time something happens, they can explain it away with a cycle. You know, when the prices go up. Oh, yeah. Look at that. Oh, yeah. Well, when it gets cut in half, yeah, whatever gets it that one that gets the price gets cut in half. The thing goes to highs when it goes down. Oh, no. Yeah. Price is just resetting down there. And then if there’s some mess up in the

pattern, well the pattern no longer applies. Again this is

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heads, he wins tails. In essence, he refrains that’s that’s that’s Tom Lee and that’s the other lackeys out there pitching crypto. Always crashes are healthy leverage got wiped out. yeah, we’re getting we’re shaking away weak hands. Shake it out. are. There’s markets recent all the BS column that guys say it’s like calling a heart attack a wellness retreat.

Right, right. look at it’s down 75 % fantastic. I love these drawdowns. I’m here to tell you. I’m being honest.

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What I’m telling, I’m giving you reality. I’m giving you reality. I’m also giving you reality, guess what? The thing, somebody believes the story. Somebody believes the fable, somebody believes the myth. It ain’t gonna go way up.

It can go way up, but I’m not in the business of.

trying to judge whether or not a story or a narrative is going to work out. That’s not what I do. It’s not what I do. From the outset with this, I exactly what this is. Okay? You want to mess around with it? Have at it. It’s your speculative money. And you go into it knowing that you can lose every dime. But again,

Which is fine, which is fine. But do you think that somehow these people on TV have got some sort of magic formula or they’re smart? I’m smart. I’m smart and I deserve respect. mean crypto has my.

boy, Fredo. Yes, my Fredo, the crypto trader. yeah. Yeah, they’re smart. And they did they demand respect because that’s you know, it’s kind of like emails I’m going to be getting later on in the day. And I’m an idiot. They’re smart. They know exactly what they’re talking about. You don’t know anything. OK. You know, if it works out, well, you know what? Somebody bought the story. Somebody bought the story, but that’s all it is. The story. Nothing there.

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Zip, zero, zilch, nada. There’s never been anything there. Do you understand? Nothing. Nothing but a story. Watchdog on wallstreet.com.