Mark Moss argues we're not heading for a traditional market crash. Since his December 2023 "Reverse Market Crash" call, Bitcoin is up 180%, the S&P 500 up 80%, and gold up 90%. He defines a real crash as declining living standards, not just falling prices, and says the current environment of rising assets makes that unlikely.
Paul Tudor Jones, who I believe holds Bitcoin, yeah, was on CNBC recently and he made it sound like there's a blow-off top coming or like a melt-up. Do you also believe that we're going to see more momentum in stocks, Bitcoin, gold, and do you think that will ultimately lead to some sort of a crash?
October of 2022, I put out a YouTube video saying that there is no market crash coming and here's why. And then December, January, I said, hey, here's what the Fed did, it's time to go back in. August of 2023, I said the bear market's canceled. December of 2023, I made a video titled Reverse Market Crash. Since that time, I think Bitcoin's up 180%, right? S&P 500's up like 80%, gold's up, you know, 90%. So I called it a reverse market crash. So if we think about a crash, and most people are still afraid of a crash, the doomers are out there and the crash. So what is a crash? I would call a crash when my standard of living goes down. So in 2008, we had a deflationary crash. Home prices cratered 30 to 50% across the United States. You know, the S&P 500 crashed 50%. Gold was down. So we had this deflationary crash. And what happened is then businesses went out of business, people lost their job, people took new low-paying jobs, businesses didn't do as well. And so what happened ultimately is that I had less money, so I didn't have the same quality of life I had before. That was the crash. If you want to know more about creating a wealth operating system, just comment ready and we'll send you the link.
