Tom Luongo is the publisher of the monthly newsletter, Gold, Goats and Guns, which discusses Geopolitics and Markets.

He is also the senior financial editor at Newsmax Media, editor of Stocks, Shocks, and Rocks at Seeking Alpha,

and has been an investor and market analyst for almost 20 years.

Today we'll be talking about Bitcoin and cryptocurrency.

Thank you for joining us, Mr. Loongo.

Thank you very much for having me. I really appreciate it.

Now, you've been writing prolifically on Bitcoin and Crypto for gold, goats and guns.

You've described recently in two of your articles a future crypto version of Exeter's Pyramid,

which places Bitcoin as the foundational

monetary asset or gold analog, followed by altcoins and utility coins, such as light

coin, Ethereum, ripple.

It makes sense, which means that Bitcoin's value probably will go higher.

And utility and altcoins will probably go higher too, but settle,

I guess, on a more moderate price. The crypto market is segmenting and maturing, as you

write. Could you expound upon your vision of the future of cryptocurrency and the current

market actions? Sure. The first thing to remind people of is what Extras pyramid actually is.

John Exter was an economist who created a very handy visual tool to look at the

the global monetary system as an inverted pyramid with a small amount of capital, physical

capital being in gold, and then

from there getting levered up through cash and stocks and bonds, real, real assets like commodities,

and then ultimately up in derivatives, and that ultimately the area of each of those layers

gets bigger as we go along.

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