Faithful Finance - Part 12

July 4, 2025

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

Faithful Finance - Part 12

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.

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 microstrategies 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 it. 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 havning. 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 halvening.

After the halvening, 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 A.I.

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 Cast performer 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 a 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.

Huge cities.

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 this 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 forms 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 and 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 who 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 need it to sell that just like you would have stocked.

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 you're 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.

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.