Back to episode — Episode 741 Scott Adams - Hong Kong, Kamala Harris, Google Bias, and other Disasters
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Somebody's saying why she'll smoke all your weed. Somebody said you don't like to lose do you? No I don't like to lose. Yeah you know when I predicted that she would be the nominee I don't think anybody could have predicted it would be the worst campaign staff in the history of all campaign staffs. I mean I didn't see that coming. So you're right it is tempting for me to want to fix her just well…
← Previous segment →All right, so there are two things that are relevant to Bitcoin prices. So Bitcoin went up 6% yesterday and another 3% today. If you put them together it's one of the biggest two days in I don't know, a number of weeks. So one of the things I said about Bitcoin is that if it's true what the president says that they're going to designate the cartels as terrorists, it could be that the cartels will have billions of dollars that they don't have anything that they can put into a bank because the banks just will be out of the play. So where are they gonna put their money? If you're a cartel and you've got billions of dollars where are you gonna put it? I was suggesting it might be Bitcoin. Now I don't know because I'm not a drug dealer but I don't think they put it in any other crypto. They might spread it around a little bit but at the very least they put some amount in Bitcoin because they'd have to.
And then we have this other news bringing Jack Dorsey back into it again. Apparently Jack Dorsey just spent a number of weeks in different places in Africa and has decided he's going to move there for part of the year. So he's gonna spend substantial time in Africa. We don't know the details but trying to be a positive force. And when talking about that Jack Dorsey mentioned Bitcoin. So Bitcoin in Africa could be a solution to corruption, a solution to no banking. I suppose it could be some kind of a solution. So imagine if Africa goes Bitcoin and the cartels go Bitcoin and both of these pieces of news came out and sure enough Bitcoin is up on the news.
I should say that I own some Bitcoin just so you know for full disclosure. I'll also tell you that you should not make any financial recommendations based on what cartoonists say on Periscope and this is not financial advice. I am not advising you. Indeed if you buy any kind of cryptocurrency, doesn't matter which it is, it's not really investing it's more like guessing. So buyer beware.
I will tell you one of my investments. So I made the worst investment in the world a number of years ago by buying the Turkish cell phone company. So the thought was that no matter what happens in Turkey there will probably be more people born. You know it's likely that they'll have a high birth rate and they'll all need phones and their cell phone company has kind of a monopoly there. And so a while ago I bought shares that you can buy in the United States of the Turkish cell phone company, Turkcell. And lately that's up sharply probably because the dangers between the United States and Turkey seem to have passed. In other words US and Turkey don't look like they're heading for something bad at the moment. So that's up.
I do not recommend anybody buy any of the stocks that I mentioned or any of the assets that I mentioned on this Periscope. I'm just telling you what I did. And I feel that it's necessary to share with you some of my predictions. So it's very rare for me to buy an individual stock. I did buy Apple individual stock quite a while ago. That's worked out really well. In fact it's the best stock investment I've ever made. I still have that. But don't do what I do because that would be a bad idea.
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All right, I'm just looking at your comments. Why don't you talk about WhenHub? Well I will be talking about WhenHub a little bit more. In fact if your holidays are coming up you might want to use one of our products called Approach which I've talked about before. So Approach allows you to see a little map and you just send out a link from the app and you can see your friends on the map or your fa…
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