Faithful Finance - Part 10

July 2, 2025

Hope Alive: Applying God’s Word to Your Daily Life

Faithful Finance - Part 10

I am Chad Harrison, and I am the teaching pastor of Lake Community Church and had been serving as a pastor for 25 years. I'm also a practicing attorney. This podcast is designed to help you study God's word and find God's will for your life. The purpose of studying scripture is that you might know the character of Jesus Christ, and that you might see the world from the Father's perspective. That you gain wisdom that changes your life. I pray in the name of Jesus right now that God would open His word to you and allow you to see Him and to know Him. To know His will, that you might glorify Him and that you might walk in faith and power each day, especially today. In Jesus name.

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Transcript

This is Chad Harrison, and you're listening to Hope Alive, Applying God's word to your daily life.

As we finish the book of Deuteronomy, we're going to step aside for a few weeks and publish a workshop I did in August of 2024 called Faithful Finance. In that workshop, I explained our current economy, our current financial situation,

and did it from an economic background and a historical background, and most importantly, did it from a biblical perspective. In that workshop, you're going to find out why we are where we are as an.

As a nation as far as our economy and what we should be looking at and why we should be looking at it for the future, not only for the future of the finances of individuals, but the future of the finances for our churches and for our country.

And so I would encourage you to just spend some time listening. Even though it is being published here a year later,

it is still true and it is still current for today.

Yeah. Yesterday was 64. Trump's about to talk about it, though. All right? And by the way, that matters.

And Bitcoin moves a lot now. It moves a lot. And I need to explain this to you for you to have an understanding of it. It moves a lot because historically, bitcoin has been owned by just regular people,

okay? It's been owned by us,

Bitcoin, ever since they created ETFs, which means you have a company that holds the Bitcoin and you can invest in it,

much like a mutual fund.

You can invest in the company's mutual fund that is that bitcoin,

okay?

Bitcoin has been being bought by,

especially over the last year, a lot of corporations and a lot of countries,

okay? Which means it's become more institutionalized.

Now you're going, well, don't that make it decentralized? No, it don't make it decentralized. It's still controlled by the computer programs, but it makes that the owners are more. More institutions instit.

Are less susceptible to fear.

So Bitcoin is going to slowly continue to grow in great value, but it's not going to grow like a thousand percent in a year anymore because the institutions are not going to allow the supply of Bitcoin to get in those positions.

They're going to be able to control the flows of it in the. In the natural economy.

Now, is it going to grow in great value? Yes.

There is no commodity in human history that has grown in value greater than Bitcoin. Not even close.

And by the way, all commodities lose value,

okay?

Even gold and silver. Gold Loses value because it's so valuable. The more valuable it gets, the more it gets mined, which means the supply goes up.

Silver loses value because silver needs to be used by companies to make things. We actually use silver in a lot of our machines,

okay, A lot of our technology.

So there's even greater demand to dig up silver. And so the supply of silver keeps going up even though we keep using it in our industry.

Land loses value.

First of all, it lose value because of where it's located.

Second of all, loses value because governments tax it.

So the value of your land is going to lose value over time.

My grandparents saved a lot of money and put it in banks and CDs and bought a lot of land.

Okay? They put those money in CDs knowing that that money would be there when we got older. But what they didn't know is that $10,000 would be only worth $1,000 when we got here.

So even though they left us a lot of CDs, the CDs weren't very valuable.

They were valuable when they bought them, but they weren't valuable when we got them. They bought a whole lot of land, but the land still has retained value, but it's worth less and less.

It's worth less and less unless it's in a prime place, which our land is now. All the land that you own here around Lake Morton is in a prime location.

But I can't promise you in 2000 years it's going to be worth that.

Don't know.

Remember, everything tends toward what,

chaos, you know, you gotta remember that.

So there's gonna be entropy involved in all of it. You can't take it with you. The only place you can store it well is heaven.

The advantage of Bitcoin is mainly it's decentralized,

it's scarce.

Its utility is that has real world functionality.

People are using it for that.

The last thing I think I need to talk about before I just take some questions right at the end is the growth of a technology. And that's the graph at the, on the last page.

Okay,

listen to me. If you buy any other crypto,

you need to know what you're buying.

I'm not telling you not to.

I'm just telling you that you're buying a security that's controlled by a company.

So you need to trust the company. Just like if you buy Alabama Power, you mainly buy Alabama Power because it's Alabama Power,

right?

Okay,

well, people buy Ethereum because Ethereum's been here a while. They buy XRP because XRP has been here a while. They buy, you know, they buy these coins because they've been around for a while,

okay?

And the people who are running them aren't doing crazy stuff with them.

Because if you put crazy folks in charge of a company, it's going to go down pretty quick,

okay? And if you buy coins in those companies, they're going to go down pretty quick.

Makes sense, doesn't it?

And some companies are made by crazy people and they actually work. And then the crazy people figure out that we can make a lot of money on them. And. And there are some mean coins, which is crazy things,

okay? But the mean coins have figured out that they've got enough presence that they can actually begin to be a utility.

So there are going to be some crazy things that actually work.

And, you know, praise God for that, too,

right?

So, you know, dogecoin was made to, you know, it's just a nut dog. We got a dog.

Okay? But now it's grown so much that actually it's beginning to have some utility.

I'm not telling you to buy dogecoin, but I'm just telling you it's got some utility.

People are actually using it to buy things.

It has value.

Dog with hat. Not sure.

You know,

for those of you know what I'm talking about. Other y' all sitting there, dog with hat.

Don't buy it if you don't. If, if you're sitting. If your first reaction is dog with hat, don't buy it. Okay? All right, Just don't.

All right? But if you do what it is, that's fine if that. You think it's going to have some utility down the road,

but I wouldn't tell you what stock to buy. I'm sure not going to tell you that.

All right, if you'll notice on this graph,

technology grows in value as it reaches acceptability stages,

okay?

And the initial growth in value of a currency,

of a technology is pretty even at the start because there's few people that are using it, meaning the demand is low no matter what the supply is,

okay? Until you get up to 10% use of a technology,

and it's growing pretty steady. Once you go from 10 to around 70%, it skyrockets in value,

okay?

And if you said, I don't understand this graph. Well, you can look these type of graphs up and it'll use like 100 different technology. Automobiles, you know,

computers.

You just name technology and they'll have them and they'll show you the growth and the. In the value against Its acceptability.

And they all look like this. Some of them are a little bit sharper S's, some of them are a little bit flatter S's, but they all end up looking something like this.

You say, well,

Chad, Where's Bitcoin at?

8,8 billion people in the world.

The, the, the number of people that are actually owning crypto or operating crypto, most people think somewhere around a quarter of a billion.

So one in 32 people in the world have done some crypto.

Okay,

which is,

you know,

less than 10%.

It's about 3%.

All right. The number of people that actually own bitcoin,

the guesstimates are somewhere in the neighborhood of 50 to 100 million.

Could be 200 million. Could be close to, close to the same as all crypto could be. And the reason that would be is because bitcoin is like 55% of the whole market in value.

So if, let's say that it's at its best, it's 3% on this graph, you can tell we're far from 10%. Right?

So at some point in time, we are going to see super fast growth in bitcoin's value once it begins to be acceptable by common folk,

by the regular people out in society.

That's why I'm invested in it.

Just letting you know,

it's only one hurdle is acceptability.

By the way,

somebody talked Kamala into not speaking at the conference.

But I'm telling you,

I'm saying this not for political reason,

but one major presidential candidate is speaking in Nashville, Tennessee today at a bitcoin conference.

The other one was on the verge of doing it,

which means its acceptability is fixing to start going up.

Rfk, the third presidential candidate, spoke yesterday.

Okay,

so the acceptability of bitcoin is going up as a commodity,

all right?

And people are going to want to buy it.

Once acceptability comes in, the price of bitcoin will steadily rise over the next decade or more.

In fact, there's likelihood that bitcoin will be worth in 10 years. Somewhere between one and I'm going to give you a number one and $100 million of Bitcoin in 10 years.

90%, 99% of all other crypto have little or no utility, no scarcity,

and are centralized and controlled by company.

That's not a bad thing.

That just makes them something different.

Don't you hear me? That's not a bad thing. It just makes them something different.

Even some of the blockchains that I like,

I got xrp, I have Solana, I have Ethereum and I do have Caspa.

I've got four blockchains that I own.

But I know that they're controlled by a company and I understand that,

okay,

they're not scarce. They can make more of it.

They're not decentralized.

And so the real question is,

and you might,

why would you trust a company more than an elected leader?

Well,

that might be a question you all think about for three or four weeks,

right?

Because you don't know.

What you're trusting is fallible human beings.

Okay?

Now I say that to get you to the, to the point where you understand that at some point in time in the future,

transactions are going to be done by tokenized technology.

It's more efficient,

it's easier.

It can't be manipulated by a government for its own benefit.

People are going to move toward that.

What form or fashion they move toward, I don't know. I'm going to tell you this, that Bitcoin is going to eventually become so expensive that it's not going to be used for regular transactions as much as xrp.

It's going to become a backing for governments.

Governments are going to own it,

corporations,

some. By the way, I own several dozen stock and micro strategies which whole point is on Bitcoin.

Okay?

At some point in time, Bitcoin is going to become the backing of currencies,

money, supplies, things like that.

And when that happens, it's going to be worth millions because it is digital gold.

Okay?

Except it's easy to store. Yes.

Here's the problem with that. Remember, it's a ledger controlled by millions of computers all around the world.

Well, I can say this,

that's always been the case,

okay? You're never going, you, you are never fully in control of anything you own.

And you're only protected by the nature of the society that you live in, the nature of the government you live in and your ability to trust that government and that society.

Yes, ma' am. Yes, sir.

Right.

Yes.

Bitcoin has a natural pattern based off of the happening. That's when miners can, can only can mine with the same energy,

the same supply.

I mean half the supply of bitcoin.

So what happens is you have a halving.

After the halving, you have a bull run.

So you have the halvening year and usually bitcoin gets back up to its,

to its high and maybe even goes past it. The next year you have the bull run, meaning the value of it goes higher and higher because the supply starts crunching,

starts the supply for sale starts really getting tight.

Then after that,

you have,

you have the, the. The bear market because it's always going to, you know, because of people wanting it. It's going to go higher than it's really probably what it's worth at that moment.

It'll drop down in the bear market the next year before the halving, it consolidates. And it does that over and over and over again. Now I'm going to tell you, those patterns are going to be less and less severe as institutions control more and more of the bitcoin.

Yes, ma' am.

Sure.

Right.

Right.

Yes, sir.

Well, what happen. What happens is, is that over time, I, I don't think bitcoin. There are people out there that treat it like some.

But bitcoin is never going to be bitcoin. They're going to be other things that come along that will become commodities that'll be of value, but that'll be for your children to work out.

Okay, Bitcoin.

One of the major issues that you brought up, which I think is really important,

is they talk about how much energy it cost and how much. How terrible it is for society. I want you to hear me. That is not true.

It does cost a lot of energy, but it's great for society. And let me tell you why.

Because there's two forms of technology that are very energy.

They're controlled by great need for energy.

Okay? That's bit. That's blockchain technology and AI.

All right, Now I want you to hear me.

These things are creating because they're technology,

meaning they have value for people.

These things are creating energy supplies around the world.

This is how if you've got a country that has half the country without a real energy,

a real electricity infrastructure,

you can't get anybody to come in and build a company there because they don't have any electricity.

The reason they don't have any electricity is because they don't have an infrastructure that creates. That's for electricity.

You following me?

So a AI company will come in and say, listen, we'll build this giant AI farm or we'll build this giant Casper farmer or XRP farm right next to this river or this nuclear power plant that you're going to build or this wind farm that you're going to build.

And for the next 20 years, you're going to sell us power at this amount. So when you build that,

when you build that,

that dam,

we're going to use 90% of the power and you're going to immediately have that income and it's going to be at a good rate because we're going to be the only one that's the demand for it.

Now over the next 25 years,

all the people of the area are going to begin to be able to tap into that dam and they're going to be able to build companies and houses with electricity and all that.

And so over the next 25 years,

the number, the demand for that electricity is going to move from this air farm to the people and 60% of the energy is going to start going to them. When that happens, we're going to move our farm because the demand's getting higher, the price is getting higher.

We need to have cheap electricity, so we're going to move it somewhere else. But the cool thing for your country is, is in 25 years you're going to have a dam that'll last for 100 or 200 years and you're going to electrify a whole region of your country.

So what's going to happen with these AI companies and these blockchain companies is they are going to go into areas and they're going to buy energy very cheaply. And these countries are going to be able for the first time to build power plants based off of a ready made demand for that power.

And so electricity is going to spread around the world in greater and greater numbers. Yes, ma' am. As you were talking, I actually never really thought about that.

Huge cities.

And so what happens if that crypto farm fails? Like are the transactions on other backed up servers?

Yeah,

in fact that's what happens. And that's called the hash rate and that's how that kind of operates. And that's some getting in the weeds that I'm not super good at.

But I do know this,

that the cool thing about these crypto farms is like in Texas where they built them, if the supply of energy really, really gets crunched because the demand is so high, because of the weather, because of something like that, these crypto farms are created to go offline,

just stop,

stop mining bitcoin, stop mining Casper.

So that,

so that, because when the supply goes up, the companies start charging them more.

Okay, They've had the evidence worked out with these companies, so they just cut to cut them off and then when the demand for them drops, they can cut those companies back on.

The cool thing about those is you've got these farms all over the world.

So sure the hash rate drops.

As the hash rate drops, the cost of actually doing a transaction in that blockchain drops.

And so it is a pure perfect economy that works off supply and demand as far as energy is concerned.

Yes.

I'm just curious about like credit card company. Where do they fall at all? They all scrambling to be a part of it.

There's going to be a day when you can carry your satoshis, your Solanas, stuff like that and you can pay for it with a credit card.

Listen, that's called layer three.

They're building these applications so that they can use those layers to pay for things. That's coming,

that's coming. Listen, for those of you tell you that Bitcoin is going to be the money one day,

that's probably not true.

Okay. It's probably going to be the store of value that a bunch of countries use for money and a bunch of corporations use for money.

All right.

Yes,

I understand this is a long term investment type thing if you chose to invest in it. But say you had these a time in your life when you needed to sell that just like you would have stopped.

Not hard. Not hard for the big ones. Instantaneous. All right. Now the question is for everybody, I'm telling you is it's volatile.

It's volatile.

So if you, if you think you're going to need that money next week, don't put it in bitcoin,

don't put in any cryptocurrency.

You might want to keep the cash if you don't need it.

Sure,

sure.

So I'm telling you that for a reason. I want you to understand, like I told you, I'm not. What?

I'm not selling you anything. I want you to understand what's coming down the road so that you'll have an. You'll be clueless. You won't be clueless about it. You'll know.

Oh,

Solana, that's one of those layer three blockchains.

Okay.

Yes.

So this is what I've been pondering about archaeology.

Yeah.

Is it is a man created intelligence.

You know, to me that is what saving us.

He takes and tries to do what got you and that's what you mean.

Yeah. And so I've been kind of thinking about the artificial intelligence as it becomes more and more.

All right, cut off the Internet real quick.

Good to see y' all on Facebook as you go today. I pray that the Lord will bless you and keep you, that he'll make his face to shine upon you and that he will give you hope and peace today in Jesus name.