Between 12. 00 and 18000000000. 00. Hes saying his liquid portfolio, which is probably a lot less than that. So hes put 10 percent of his portfolio in there and the rest, the other 90 percent. He says he hasnt gold and silver miners, all the dominoes are fine for now we, weve pitched ricardo him because actually when we visited with his dad hugo in 2012, when we were traveling down to athens in greece to try to get the country to get out of their financial problems using a silver standard. I was adamantly pitching hugo about because i mentioned it to his dad. We mentioned to his dad again and 2015 when we did the interview and he mentioned the big coin standard safety of a most is book. And of course we were the ones who told safety and most about because it is right there. You know, we pitch them out because we knew it was in the 100. 00 or so and initially like ray deleo, he scoffed at it like even Michael Saylor micro strategy. Initially. They scoff at it, but then they take, you ta
The modern world. What i found even more telling was how things are invented. How invention itself is encouraged and nurtured. At least how it has been encouraged and nurtured in this country in the past. Its easy to say, as i do in my book, that we are a nation of tinkerers. We americans like to think of ourselves as natural adventurers, risktakers, entrepreneurs. But what does that mean exactly. . I am a believer in american exceptionalism. But as marines like to say, it has to be earned, never given. How did we earn it . How did we do what we did and . And how could we get back to doing it right . As the first nation to exist wholly in the modern age, United States has also insisted when timeed wholly in that making things when we were extracting them from the earth. We invented almost everything about america. We have constantly reinvented almost everything as we deemed it necessary, including our institutions, our customs, our laws. Above all, our definition of who is american and
I am max kaiser. This is the kaiser report. Wow. So much to get to, lets get to it with the states. Well, max, you know the last episode we were mocking ray dahlia. Oh, hes the, i guess he looks over the Biggest Hedge Fund in the world, bridgewater associates, connecticut, and he was just saying, big queen. Well, now they have financed ray dahlia says he might be missing something about bitcoin. This is the learning curve of bitcoin. People dismiss it and then they notice the people around them getting rich, like in this case, Paul Tudor Jones, whos also in connecticut stand, druckenmiller, who was hugely Successful Hedge Fund guy. And they have to put away their biases and they have to take another look at it. And then once you really look at, because like great value now is doing for the very 1st time, it really distressed about a fan for years without actually looking at it. And once you actually start looking at it, you fall into the rabbit hole and he realizes that a world of crum
A world of troubling money and boring gold that cant keep up. Hes got no choice, hes got no choice but to buy bitcoin. So now hes, hes about to make a big purchase. I saw some blocks trading today. Probably is right. Dahlia bridgewaters worth hundreds of billions of dollars. Im sure hell put at least 5 percent of the fund into big coins just to stay competitive with his peers. You said that back in june or so july when Paul Tudor Jones 1st announced that he had gone into bitcoin and you said as an alpha guy that all the other hedge funds would have to follow him. So he got in back in march, april the 2nd quarter of this year then followed Stan Druckenmiller and even probably about equal size hedge fund to Paul Tudor Jones, legendary as well. And the last hedge fund standing. But of course, hes going to have to answer to his clients who are going to say, why should i put my money at a bridge while give it to Paul Tudor Jones of stand talking miller, who are long bitcoin and seem to unde
Biases and they have to take another look at it. And then once you really look at, because like great value now is doing for the very 1st time, it really distressed about a fan for years without actually looking at it. And once you actually start looking at it, you fall into the rabbit hole and he realizes that a world of crumbling fear of money and boring gold that cant keep up. Hes got no choice, hes got no choice but to buy bitcoin. So now hes, hes about to make a big purchase. I saw some blocks trading today, probably is right. Dahlia bridgewaters worth hundreds of billions of dollars. Im sure hell put at least 5 percent of the fund into big quiet just to stay competitive with his peers. You said that back and june or so july, when Paul Tudor Jones 1st announced that he had gone into bitcoin and you said as an alpha guy that all the other hedge funds would have to follow him. So he got in back in march, april the 2nd quarter of this year then followed Stan Druckenmiller and even pr