40 Burst results for "El Salvador"
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1421: One Bitcoin Will Reach $60 Million - Binance CEO CZ
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show, Bitcoin traders hope $27 ,000 holds as the Bitcoin price ignores the volatile US dollar and breaking news just in. El Salvador's volcano energy launches the nation's first Bitcoin mining pool. Let's go! That's right. Quitting Max Kaiser, send all your hash to El Salvador. Bitcoin miners around the world, send us your hash to save the planet from fiat money crooks and central bankers President Bukele launches his re -election campaign and volcano energy launches our mining pool the same week. All the stars, all the memes, and all the worlds are aligning behind the Savior. Preach! Also in today's show, breaking news, Judge Torres rejects the SEC's motion to file an appeal against the Ripple ruling. We'll also be discussing Alameda Research sent 4 .1 billion dollars of the scam FTT tokens to FTX right before the crash. I'll be breaking down this latest report as well as a new book reveals the Binance CEO CZ rejected Bankman Freed's 40 million dollar request for a futures exchange. Also, California residents filed class -action lawsuit against Binance and its CEO over the alleged role in the FTX implosion. We'll also be discussing Binance versus the SEC as an amicus brief was filed accusing the SEC of regulatory overreach. I'll also be breaking down for you CZ's 60 million dollar Bitcoin price prediction. That's right in September of 2021 when Bitcoin was trading at $60 ,000 per coin he said Bitcoin can grow in value another thousand X which would mean 60 million dollars per Bitcoin. We'll also be taking a look at the overall crypto market all this plus so much more in today's show.
Simply Bitcoin
Fresh update on "el salvador" discussed on Simply Bitcoin
"Yeah, UTXO live dot Oracle, and I can get the script there. Awesome. Well, dude, I am this is incredibly cool. This is what the culture segment is all about, highlighting, you know, all the different Bitcoiners from all walks of life and what they're working on, what their experiences are. And this is absolutely incredible, man. So shout out to you and thanks for coming on the show. But ladies and gentlemen, the time that you've all been waiting for it, it is time to review some memes. The Daily Meme Review. All right, everybody, let's start reviewing some of these memes, so let's start with this one, Maxis Club. And, you know, it like refers to like back in school, if you misbehaved, it's like it's a meme and they've written they've written it on the on the chalkboard. I won't sell my Bitcoin to BlackRock. I won't sell my Bitcoin to BlackRock. I won't sell my Bitcoin to BlackRock. Absolutely hilarious. Shout out to Maxis Club, too. They dropped some really, really great memes. All right. So here is a Pablo, a Pablo Arduño. He is the CTO of Tether. And I think he's also part of Bitfinex. And it's like a horse, like kind of looking side eye. And he says, when Bitcoiners hear the word decentralized in the context of any blockchain, that is not Bitcoin. Absolutely hilarious and spot on. Remember, guys, our memes are better than theirs. They have to rely on lies, narrative and spin misrepresentations. We have truth on our side. So it's easy to make memes when when you have truth, because truth is the common denominator. Anyways, so here's a here's a godfather, just like kind of like looking in with the epic, iconic godfather face. And I think you've come from the first scene of like the first movie. And he says, you come into my house on the day of my daughter's wedding to be married and you ask me, where does the yield come from? Absolutely hilarious. If you watch the movie, you would understand that reference. But yeah, absolutely spot on. He's like petting his cat like, wow, this is happening. Like it's such an iconic movie scene. All right. Next, the Pierre. Memes are back. That definitely means that confirms that we are heading back into a bull market. This one says the best part of the next bull run is getting to choose which Bitcoin peer you'll be. And of course, this is the VP of Riot, Pierre. And this is the, you know, Pierre after. I think this is going to come back, man. I think he's going to come back strong. I couldn't grow a beard when I started simply Bitcoin. And then all of a sudden, you know, the more I got into Bitcoin, the thicker the beard got, the longer the beer became. I don't know what happened. There's the signal. Bitcoin is good for testosterone levels, is what you're saying. Just increases testosterone levels. I would agree with that. All right. Next, next meme is by the legendary rope. Baby, remember the money we saved up to buy our dream home? Sophie, how do you feel about this? What's your reaction? I feel personally attacked by this meme. I think that, you know, we don't have art on our walls right now because we because well, technically we do have a lot of art. We just haven't hung it up yet. No, we have a lot of art in your studio. We don't have the only art we have hanging in our living room is a tiny little canvas that I painted of an alien South Beach, which. Yeah, maybe it sounds like you should paint more art than Sophie. Yeah, yeah, I think it's it's a lot cheaper than buying art. So definitely going to have to get on it. It took me like five hours, though, bro. Painting is really hard. I thought I could do it in like two. Took a long time. Yeah, I would agree with. Nico's mic went out. Oh, no, no, I'm back. I'm back. I would agree with that. All right. Last meme. We have a dancing squirrel TikTok one hour party. Oh, my God. Are we supposed to explain this online right now? No, no, I'm just I'm putting you on the spot. Oh, OK. Well, squirrels are the coolest animal in the world because they plant all of your trees. But they do it on accident because they don't know where they put their nuts. So don't be a squirrel and forget where you put your your twenty four words. You don't want to do that because then you'll lose your Bitcoin. Don't misplace your nuts, guys. That's what Sophie's saying. Yeah, don't because they won't plant trees. Don't misplace your nuts and not only don't lose your twenty four word seed phrase, properly secure it. Do it on titanium. Stand with the art code. Get yourself a stamp seed titanium seed plate. Anyways, 15 percent off simply promo code. All right, guys, I'm going to give it this hotel room in Los Angeles. That's my score. Sophie, what's your score? My score is the free coffee downstairs that I didn't have to pay for. So I saved some sats and drink some delicious coffee with Delight, French vanilla and hazelnut. It was very good. That's there's still a little bit here. That's that's a good score. Mike Hobart, what would you give those memes? My meme review is going to be a book. So I've been reading a book called Driven, which was published by one of the guests that we had on Bitcoin, Bitcoin Veterans is a book about actually that goes into like the biology, physiology and psychology behind driven individuals that also have ADD. So I think a lot of Bitcoiners and a lot of viewers of this show would probably enjoy the book. So like real quick is driven if you guys want to see it. That's the title or that's at least the title of the book. And then the author was Randy Kelly. And that's K-E-L-L-E-Y. Awesome. Yeah, I mean, that's cool. I haven't I'm going to check that out. That sounds really, really interesting. Driven. OK. All right. Thanks, Mike. That's a great score. Very deep score. Very deep. I feel bad now giving it a hotel room like Sophie took it up a notch with describing her coffee. And then you're you're getting deep. And I like that. OK, Steve, what would you give those beams? Oh, what object would I give those beams off my desk? Feeling color number. This is show and tell. This is the Bitcoiner version of show and tell. Well, I want to know why you give your score. I'm going to bring back the dancing squirrel. OK. Yeah, I did all of that dancing squirrel love Pierre Richard. I kind of like the decentralized horse thing. But in terms of object I bought for my meetup today, they don't even know about this yet. But I bought just actual green candles. They're on my desk right now. So I think what I'm going to do is I'm going to like light this candle and walk into the meetup and see if I can make it like a tradition like church or something like acolyte light the green candle. So that's why I give to them. It's not a bad idea.That's that's a great score. Having some issues. I don't know why. It's the cable. It's the cable. Yeah, it's the cable. Anyway. All right, everybody. So it seems like we have a bit of some technical difficulties, but don't worry, there's a dancing squirrel squirrel on screen to have you entertained while we kind of figure it out. Anyways, drop your scores in the live chat and we'll get to them. First, that green candle. That's pretty bad. It's very it's very poetic. It's very poetic. All right. First score by rave elevator. I score the means the laptop fan repair. I did myself to save some sats. Next one by Opti says my score to SB H.R. Department for triggering my future. Next one by Philip Russo. I give Opti's mustache growing one hair after smash buying at thirty thousand feet. All right. Next one by Igor. I give the means a user data link by a third party. John pleb Opti get well soon. Hallmark card Opti's just flying. He's Opti Opti. He's fine. Opti won the poll. Like what is he bitching about? Oh, OK. Apparently. So apparently it's not a apparently I'm hearing it. I'm hearing it, guys. Apparently it's it's not my it's not this it's not this mic in particular. Something's going on with the USBC cable where I'm only coming out out of one year. I apologize. Anyways, guys. Oh, one one last score by Elaine score. Sophie's appearance on Simply Bitcoin more bring more ladies into Bitcoin. Absolutely. One hundred percent. Guys, thank you so much for tuning in to an episode of Simply Bitcoin Live. We appreciate you. If you enjoyed the show, make sure to smash that like button. Consider subscribing if you feel like we provided you value. But the number one thing you could do to help push this show, help push the peaceful Bitcoin revolution to share Bitcoin content. I want to thank Mike. Thank you so much for joining us today. And our special guest, Steve, who very interesting solution to tackle the Oracle problem. Thank you so much, Mike and Steve, for joining us. Yeah, thanks for having me. It's my pleasure, fellas. And Sophie nerd heard. All right, everybody, peace out. Hope to see you guys at Pacific Bitcoin. Bye, everybody. Thank you.
Simply Bitcoin
A highlight from El Salvador's Economy is BOOMING Because of Bitcoin | EP 837
"Yo, welcome to another episode of Simply Bitcoin Live. We're streaming from Santa Monica, California, also in, you know, in the greater Los Angeles area, because we're in L .A. for Pacific Bitcoin. Opti is currently on the move. He's he's traveling. So we got some people filling in for Opti today. We have my significant other who deals with my madness, deals with all the the Bitcoin talk, slowly converted her into Bitcoin. Slowly but surely, Internet Sophie. What's up? What is up, everybody? We're going to have to play producer here because we are in the same room and we're going to be giving each other a little bit of feedback. But I'm really excited to be here. It's the first time on the show. I'm honored. And yeah, let's get this rolling. Yeah. So it's going to be it's going to be a special show. But we have a lot to talk about today. We have we're going to talk about El Salvador, how else out, because that was one of the things that I've heard, like one of the criticisms was that Bitcoin wasn't directly responsible for El Salvador's economy doing well. Well, there is a report released by Banco Santander of Spain, and they said that Bitcoin tourism was directly responsible for a lot of, you know, El Salvador's economy improving. Also, not to mention the security stuff as well. And on top of that, the IMF released not only the IMF, the IMF and Jerome Powell, who is calling himself Jay Powell on Instagram, are starting to release memes. They're starting to release videos because they're realizing that they're losing ground on the battleground of the Internet. Now, unfortunately for them, we have home we have home turf advantage. Our meme addicts are better than theirs because they're based on truth and theirs are based on lies. So without their ability to control the narrative, like the total narrative, their memes will eventually fall short versus our memes. Again, we have we have the pillar of truth. We have a proof of work backing us. We have Bitcoin backing us. So I think we're going to out meme them, not to mention it's a bunch of boomers like trying to make Instagram videos like it's kind of strange. We're going to play it for you guys and we're talking about it. And also, I want to bring up my co -host today, the legendary one and only Mike Hobart. He's part of the Bitcoin Veterans podcast with Alex Stanzik and co. How are you doing, Mike? Thank you for filling in for Opti today. What up, nerds? Yeah, you don't have to thank me for that, man. As you guys know, specifically you and Opti, well, everybody else in the in the chat, I just enjoy doing this. So whenever you guys need some assistance, there's as long as the schedule permits, I have no problem helping cover down and talk about Bitcoin, dude. Well, I appreciate I appreciate you joining us, Mike, like always. And of course, we got Steve. Now, Steve is very interesting. He is he's a good friend of producer Jacob, and apparently he has solved the oracle problem or better. Maybe let me let me phrase it differently. He's presented a interesting solution to the oracle problem. So there's two problems in computer science, right? There's the two. Let me make sure I don't butcher this. The business in general's problem, which is something that I hate saying, saying that Bitcoin solved, but Bitcoin came up with a good solution for. And then there's the oracle problem, which is another problem in computer science. And Steve, apparently a lot of people were going crazy when you presented the solution. So could you talk a little bit about what the oracle problem is and what your solution does? Sure. Yeah, thanks for having me on the show. I'm not sure if I'd be quite so bullish to say I solved the oracle problem, but sure. So the oracle problem is, you know, who's the person that tells you what the USD price of Bitcoin or who's the person that tells you what the outcome of? Any event was betting on a football game or betting on an election or something like that. If you've got some kind of contract that needs to be settled, both of the people in the contract or both the people in the bet need to kind of agree that we are going to look to this source, you know, like NFL dot com or White House dot gov or like Coinbase dot com to tell us what the official answer is on the outcome that we're betting on. And this is a problem just because you basically need a trusted third party or some kind of centralized person to solve it. And so what I've done is I noticed a long time ago that the USD price of Bitcoin was an emergent on chain feature of the Bitcoin blockchain. And so I knew that I could tease out the price on chain for a while now. I've known this for like five years now, and I finally got around to doing it. There's multiple ways it could be done, but I released the UTX oracle dot pie dot p y. It's just a simple Python script. You can get it at UTXO dot live slash oracle. And this way, everyone can run the exact same very simple Python program and they can only communicate with their own node and takes about a minute to run, reads in 150 blocks or so. And you get the exact same price as everyone who runs this independently. That's kind of it's kind of nuts. I mean, there's trade offs. There's pros and cons. I won't say it's like the solution to the oracle problem. But like you said, just like Satoshi with Byzantine's general problem, it's not like he solved it. He just kind of like did some roundabout way about it. Yeah, exactly. I don't think they're solvable per se. I think that there's ways to tackle them. And they're, of course, like you mentioned earlier, there's trade offs. But it's very, very interesting because you used the basically data from Bitcoin to surmise the USD price without relying on a single exchange or a multitude of exchanges or whatever. You're just relying on on chain data. And I think that's absolutely fascinating. And I think there's something more there. I think we're just starting to see the first innings of that. So, Steve, we're super, super hyped to have you on the show today. We're going to dive more into what Steve is working on his project during the culture segment. But first, we got to get to the numbers. Let's start the show, everybody.
Simply Bitcoin
Fresh update on "el salvador" discussed on Simply Bitcoin
"If you don't mind me asking, Stephen, so in what ways can Bitcoiners or Bitcoin companies use this information as far as like your, quote unquote, solution or work around to the oracle problem? Like, I'm assuming you have ways in mind that led to you developing this whole kind of project to begin with. I mean, I don't really actually it wasn't, you know, I think people can get the motivation wrong a little bit here because it might look like I was determined to provide the USD price in a decentralized way. And it was more just like I've just saw this one day and I was like, oh, this is cool. I was like, I should just make this available to people because this is just kind of awesome. And I have a friend, Daniel, who Daniel is the co-author of the Bitcoin magazine article on UTX Oracle, and he works for an exchange called S. Fox. And he was kind of the one that motivated me to go ahead and just write the program and go ahead and write the article and release it, because from his end, you know, he is one of these people that deals with these contracts, these futures contracts and stuff that really need to know the Bitcoin price. And, you know, what is the Bitcoin price? I mean, is the Bitcoin price what Coinbase says it is, is the Bitcoin price what Binance or, you know, Bittrex or, you know, all these exchanges have different prices. Right. And so there is really no one Bitcoin price. There's no like authoritative view. I mean, yeah, you can do a weighted average of those, but how do you come up with the weights for your average? I mean, do you trust it? It's actually a good point. You could use this kind of solution to provide a more accurate and dynamic kind of like price fluctuation mechanism. Right. Rather than relying on the specific like handful of exchanges, you've got how like however many thousands of different inputs this is aggregating all into one image. Right. It could be very useful for like, for example, Coinbase is now bringing on perpetual swaps for derivatives trading stuff like that. Like and I know Bitcoiners like we don't like talking about margin trading and things, but when you come to like getting like it becoming a more financialized institutionalized asset or like even in Bitcoin mining, there's going to be use of derivatives and options for for hedging because Bitcoin miners need it. So like, I'm sure that they'll use this product, dude. Yeah, I mean, it could be Daniel kind of says it could be a backup option, but let's say you are actually entering into a contract with someone and you guys have to agree on somebody to provide you the price. Let's say you chose FTX to provide you the price. And then like what happens if your contract was over six months and FTX disappeared? You know what would happen to your contract or what if, you know, you're you're talking about Coinbase price at the end of the day, like the last trade of the day or something? Well, you know, can somebody go in there and manipulate the last trade of the day because they know that your contract's going to be affected? There's there's a lot of reasons that you kind of put yourself in a strange position with agreeing on a centralized or some companies oracle price to determine your contract, because, you know, what if that company goes out of business? I mean, so that company also has to like put out their price, right? They have to have like a division of their business that's providing the DLC its price. What if the company's like, yeah, we're going to go in different direction. We're not going to have that division anymore. What happens to all the contracts that we're relying upon that? I mean, you're going to take them to court or something. I mean, like, no, this is Bitcoin.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at cryptonewsalerts .net again that's crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
Simply Bitcoin
Fresh update on "el salvador" discussed on Simply Bitcoin
"Opti, I think we have competition. I dropped a poll. I think I think I think you guys are putting yourselves out of the job. I think so, too. You guys should have me on more often. I will literally I will be here. We live together. OK, so Sophie's going to start doing the Friday. Shows you heard it here first. Anyways, Mike, what's your take on on the shining country on a hill, El Salvador? I think honestly, I think it's pretty impressive. Like I like I've one of my I guess strengths and weaknesses is that I'm always skeptical of things. And so like when else and I have to admit, when El Salvador first did the Bitcoin thing, I was like, interesting, exciting potential for it to backfire. But let's wait and see and find out what happens. And dude, it has been nothing but good things for them because like on top of the whole Bitcoin position and then basically using the the the growing of the Bitcoin position or the health from the Bitcoin position to like power the coal kind of like squelching out of the gang violence that was there. And then on top of that, there's there's a further kind of like exposure of how well El Salvador is doing since this Bitcoin stuff got started, is that I think it was put out yesterday that they through investment of like five or six other Central American countries, they've also expanded a three hundred and eighty megawatt natural gas power plant. So they're they're going to also be supplying power to other countries. So like, dude, I where where's El Salvador losing is probably a better question than where are they winning? Because they're winning everywhere.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1417: BlackRock Bitcoin ETF Will Send BTC to $200K
"In today's show, Bitcoin price posting the best September since 2016 as Bitcoin seller Xi 27 ,500 next. In breaking news, Mexican billionaire Ricardo Salinas says he holds 60 % of his portfolio in Bitcoin. Smart man. And quitting Max Keiser, Bitcoin inspires, assures, and monetizes peace and love. Fiat money monetizes war and hate. This is why El Salvador is growing in the US, UK, Canada, and almost every other country is shrinking or collapsing. Also in today's show, more breaking news. Three arrows capital, Suzhou arrested in Singapore. That's right. He was arrested at Singapore's airport while attempting to leave the country after a court granted a committal order. We'll also be discussing Bitwise announces their Ethereum ETF launch on October 2. That's right. Just two days away. Bitwise stated that this move will enable the investors to access CME Ether futures. We'll also be discussing Costco selling out of gold bars, but is it a better investment than Bitcoin? Oh, hell no. I'll be breaking this down for you. We'll also be discussing a $600 billion tipping point for crypto and that's Bitcoin ETFs fam. We'll also be discussing six reasons why the Bitcoin price will smash $200 ,000 per coin tied to the Black Rock ETF approval. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
Simply Bitcoin
Fresh update on "el salvador" discussed on Simply Bitcoin
"Yes. What's not to trust, dude? What's not to trust? OK, all right. Moving on to the El Salvador news. El Salvador stays winning. And again, like I've been saying this for a while, I actually got a lot of heat. I do believe that El Salvador is winning because they they fix the base layer. The base layer is no longer corrupted. The base layer no longer needs lies to function. So all of a sudden it aligns a society's incentives and the person that is duly elected is actually doing the things that he said he was going to do when he was running for office. Right. Which kind of makes sense under a Bitcoin standard. Right. But anyways, here's Stacey Herbert, you know, wife of Max Kaiser, and she says Bitcoin tour sent them their notes, the importance of Bitcoin tourism to El Salvador's booming economy. Right. Because one of the one of the criticisms that I got was like Nico adopting Bitcoin or making Bitcoin legal tender had no has nothing to do with El Salvador's you know, economy doing better. That's that's bullshit. You know, it's a big recovery from the pandemic. Everyone recovered. Well, it looks like, you know, we actually have some data that says the exact opposite. Not only is it the Bitcoin tourism, but also, most importantly, the security. Right. Which is extremely popular with the local El Salvadorian population. That's why Nayin Bukele has an 85 to 90 percent approval rating. And if you compare that to Western leaders that are like basically saying El Salvador is a threat to democracy, whether that's Joe Biden or Justin Trudeau, they're in the low, they're either in the mid 40s, low or high 30s approval rating. So, you know, I just find it interesting. And then this goes to something that I said on Simply Sessions the other day, which is the iron law of political central banker projection, like they project onto us what it is they are guilty of themselves. Anyways, let's check out this article says Santander U.S. Capital Markets published a new report on El Salvador. According to this research shared by El Salvador's president, Nayin Bukele, the tourism growth the the country is experiencing is led by the new level of security that the country is living in. And the adoption of Bitcoin is legal tender in 2021. Quote, the obvious beneficiary of improved security is higher tourism, the report states. Besides not being popular among the Biden administration, the emergency state declared decreed by Nayin Bukele's government in 2022 is working. There has been two point three homicides per 100000 inhabitants, inhabitants since the beginning of 2023, with a 30 percent year to year surge in tourism arrivals. For Santander, the potential growth is yet to be discovered due to its geographic proximity, the dollarization of the economy and as Bitcoin tourists preferred destination. El Salvador is becoming a more common trip for U.S. citizens. Figures are far away from places like the Dominican Republic, which is over seven million arrivals per year versus the two point one million arrivals of El Salvador. But the interest is growing faster. Quote, the number of tourists from the U.S. has doubled on 2019 visitor numbers. Much of that increase can be attributed to Bitcoin policy, either directly or indirectly. Heard about El Salvador because of the free marketing by news coverage of it, said Stacey Herbert, head of the Bitcoin office of El Salvador through her ex account. In Bitcoin terms, the interest in the country is vivid. For example, companies like the Bitcoin payment processor Strike and the Bitcoin rewards app Fold already announced their interest in relocating or expanding their business, their business in the country. Also, the Bitcoin conference adopting Bitcoin is experiencing growth, according to one of its co-organizers, Nur Aouda El-Bawad. The conference received 600 attendees in 2021 and up to a thousand in 2022. The next conference will happen in early November. And so goes on to say, besides the boom in tourism, there's another indicator of the new health of El Salvador society. There's a more vivid interest among the among the Salvadorian diaspora to return to their country. Santander qualified these as reverse immigration, pointing out that it could also impact direct foreign investment, which is absolutely unheard of. Usually when Central Americans or South Americans migrate to the U.S., they don't go back. Right. If they make it to Miami, it's like the promised land. If they make it to the U.S., it's a promised land. So the fact that you're hearing people actually want to return to their country is unheard of. But I think it's a testament to not only name Bukele's leadership, but most importantly, what happens to a society, a country when they adopt a Bitcoin standard. I think it's clear as day and I think it's going to become clear and clear it's going to become undisputable. And I think that's why the IMF hates it. That's why the Biden administration dislikes it like the IMF. You saw the video. We played it for you guys. Right. Those are the same people that went crazy when they made a Bitcoin legal tender in El Salvador. Those are the same people that asked Argentina when they provided them a bailout, another bailout. They said you have to de-incentivize the adoption of Bitcoin in your country. What are they so scared of? If they believed in the shit that they were telling you in that video, then they wouldn't talk shit about Bitcoin. The problem is that Bitcoin highlights the bullshit in that video and they can't refute it. That's the fucking issue that they're having. So bring it on IMF, bring on the memes. We got the truth on our side. You guys are you guys are going to have to rely on narrative and censorship like that's that's, you know, and that doesn't that only works for so long. Eventually people wake up. So I'm really glad. So shout out also to Max and Stacey for pushing that forward, pushing that initiative forward. And El Salvador stays winning because El Salvador adopted a Bitcoin standard. Anyway, Sophie, what's your take? I mean, the fact that they're trying to put it down is so cheap and obvious because now we have the power of the Internet. Now we have the power of memes and comments and people all over the world being able to verify a fact and come together and call people out on their lie. So it's only a matter of time before their narrative starts to crumble. And it's only a matter of time before people realize, wow, like I have nothing to lose by just buying a little bit of Bitcoin, putting one to five percent of my net worth into this thing because everything else I've put my money into has gone down. Remember that Bitcoin is the best performing asset since it's been discovered and it's the best performing asset year to date, even today in a bear market. So it's just a matter of time before we win with the truth. And these people end up, you know, being called out for all of their lies. A hundred percent beautifully said. I'm very impressed, Sophie. This is what happens when you live with a Bitcoiner for what, seven years now? The first two years, she's like, you're an absolute madman, but the number go up, does its thing. Here's the thing. I asked a lot of questions. And when you ask a lot of questions and when you hear the same thing over and over and over again, you can't help but put the pieces together yourself. What I went through is what everybody who is falling for the narrative currently is going to eventually go through. They're going to eventually hear what we have to say over and over and over again. That's why repetition is very important. And they're going to end up saying, wow, this starts to make sense because all it takes is planting a seed. And once you plant the seed, the water and the sun and the stuff that makes it grow into a plant is all of the supporting evidence. So it just takes a little bit of time and the time will come.
Simply Bitcoin
A highlight from Michael Saylor: Bitcoin is a Lifeline | EP 835
"It's all going to zero against Bitcoin. It's going up forever, bro. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to another episode of Simply Bitcoin Live. We are your number one source for the peaceful Bitcoin revolution of corporate breaking news, culture, matic warfare. We will be your guide through the separation of money and state. Sailor tweeted something very interesting yesterday. Anything when it when you tweet a picture, I really call it a meme, right, because memes are a form of, you know, graphics, memes, they're really what they're forms of transmitting information, transmitting data, right? So I'm just going to call it a meme, even though, you know, by the usual definition, it's not a meme. It's a bunch of statistics, a bunch of data. But for the sake, just to simplify, it was a meme, tweeted a meme about the inflation rates of all fiat currencies around the world. And what he said, the tweet that he said is, if you don't have access to dollars, Bitcoin is a lifeline. I mean, and it's very interesting because if you don't have access to dollars, thing is like, if you have a bunch of piles of crap, right? The dollar is the smallest, less smelling pile of crap, right? It's still crap, but it is the least worst of all of them, right? And what I think is happening, especially in the global south, the developing world, is you are seeing a lot of people adopt alternatives to state money. But the pattern that you're seeing is people aren't really adopting Bitcoin per se. Of course, there's a percentage of Bitcoin adopters, but what you're really seeing is people adopting stable coins, specifically USDT or, you know, the USDC or whatever, any specific type of stable coins that is a US dollar stable coin. And the thing about those things is that they provide a false sense of financial sovereignty. Number one, because they can freeze it. And number two, because I think eventually, due to its centralization, they will inevitably be co -opted. And they still have inflation baked in, right? So like it's a multitude of factors, but this is why this whole thing is going to be multi -generational, right? I truly believe. And the analogy that I always, always use, and I know it's cliche, the movie The Matrix, blah, blah, blah, blah, blah, but this analogy is so useful. Nio was just exposed to The Matrix and Morpheus and Nio are in the construct and Nio goes into denial and he's like, no, this isn't real. And he goes crazy. They pull him out. He gets out of the chair and he just collapses on the floor and, you know, and he just, he just passes out. He can't believe he can't, it's too much for him to take. And then the next, the following scene, Morpheus is standing over Nio while Nio wakes up and Morpheus looks at Nio and he says, Nio, I apologize. After a certain age, we don't pull people out of The Matrix because it's too much for their minds to, for their minds to handle. And I think it's a very fitting analogy to the fiat matrix. If you've lived the majority of your life using paper money that has faces of old people on it or faces of structures or faces of things, you're used to state issued money. You're used to banking. You're not used to taking self custody of your wealth. It is a very, very radical idea. It's not to say that you can't do it, but it's you have to go through a process of unlearning and then learning something new versus what Naim Bukkela is doing in El Salvador, where he's teaching the next generation about Bitcoin right off the gate. So it's not a process of unlearning. It's a process of learning something new. Now, in my specific career, and I know Opti, I'm pretty sure I'm pretty confident he's experienced the same thing before I bring him up. You know, I've been in Bitcoin basically a third of my life. So I had no idea about the traditional financial system. And so I started making Bitcoin content. And I thought, you know, when you start making Bitcoin content, OK, you're just going to talk about Bitcoin. No, it ends up being this macro geopolitical, you know, because Bitcoin is fundamentally going to change the world. That's why we say in the beginning of the show, separation of money and state. And you have you're forced to learn about the traditional financial system. And holy cow, are you just like in awe, you're just like, do things really work like that? That's absolutely insane. Right. So that's what I got to say is yes, absolutely. If you don't have the dollar, Bitcoin is definitely the lifeboat. But that's not to say that people are choosing Bitcoin. People are using or choosing stable coins, again, because I think that they've been conditioned. Right. I think that they've been conditioned to this, to the belief that the dollar is very, very strong. And in the global sense, like before Bitcoin, you could have made that argument and would have been a solid argument. But I'll ask you guys, it's a very simple question. If you have a currency that is designed to inflate and lose purchasing power over time and can also be censored and confiscated easily by the state versus a currency that is designed to increase in purchasing power over time is censorship resistant. I mean, what what do you think people are going to choose eventually? Incentives matter and Bitcoin incentives are the best. And that's truly believe. That's why I truly believe over the long run, enough people will wake up to that fact and adopt it. Right. Anyway. So we're going to talk about all that today. I know I rambled on for quite a bit, but I want to welcome my very special co -host, always optimistic. He had a dream. You had a dream, bro. You had a very interesting dream. You know, I started the Chrissy thing as a joke. I didn't think it was going to end up here. Yeah. Well, guys, if you didn't see my Twitter and I didn't even make this up, I legitimately had a dream last night that I was battling Christine Lagarde and she was a praying mantis and Claus Schwab was a locust. And I had to. That was a third one. I can't remember the third person. Yeah. I don't remember who it was, to be honest, but there was someone else there and I had to battle them. There was like a full Mortal Kombat scene in my dream where I was battling the unproductive parasite, Sat B. Yeah. I can't make up. This is where my life is. Actually, I mean, I think it's because I watched Prometheus again last night trying to unplug and there's that one scene of like the human spider thing. Anyways, anyways, anyways, that's totally not here nor there. To your point, Nico, it's funny that once I look through the world, through the Bitcoin lens and trying to understand Bitcoin and its place in the world, you start to learn a lot about the traditional financial system, global geopolitical macro. And I think we were having this conversation yesterday. It's like being in Bitcoin is just a crash course in how the normal world works, how all of the adult adults in the room see the world and how the financial system works. And then it's just funny because we always filter everything through that Bitcoin lens. And you're just like, we were saying it to each other, it's like Bitcoin changes everything and it's so simple and everything's so convoluted and so complicated in the traditional financial world. And it's just like, I don't know, fix the money, fix the world. It's just so simple. But it really gives you a crash course on life when you start to understand Bitcoin and you start to understand how Bitcoin works and why the fiat system is broken. And yeah, it just it blows my mind that we have learned about the traditional financial system through Bitcoin. And I never learned that before I found Bitcoin. It blows my mind. One hundred percent. I mean, again, like it's like we didn't have to in a way, you know, like and then I can't even imagine our children like they're going to be born in a world where Bitcoin has already existed. Right. So it's just it's just crazy to think. It's like when we think about our parents, like they were born in a world where the Internet didn't exist. You know, like people still read newspapers. That blows my like I can't even conceive of like, you know, of of that world. But I think the paradigm is is going to be so great because I don't think we've ever lived in a world where the money wasn't issued by the king or the emperor or the state or the government, you know, or the, you know, the democratically elected body, whatever this ruling class of people. And every single time throughout history, the ruling class of people manipulated the money to benefit themselves at the expense of the populace, at the expense of the public. Now you have something like Bitcoin where they can't do that. Right. It kind of levels the playing field and it kind of changes the power dynamics of the whole structure entirely. It's very, very fascinating, the entire thing. But you know, what turned from a joke into a meme ended up in Opti's dream. And I think Chrissy as a praying mantis, if anyone could make that A .I. picture of that, that would be dope. Please send it to us. We'll put it on the meme review. Anyways, everybody, let's jump straight into the numbers. We have a lot to talk about today. Let's check it out.
Simply Bitcoin
Fresh update on "el salvador" discussed on Simply Bitcoin
"Titanium seed plate. You could you could store your generational wealth on one of the one of the strongest metals on planet Earth titanium. Don't put yourself in a position where you have to explain to your grandchildren why you lost your Bitcoin. Scan the QR code, go to stamp seed, use promo code, simply get a big discount. At the time of recording, the Bitcoin price is twenty seven thousand three hundred and ninety Sats per dollar, three thousand six hundred fifty one block height, eight hundred ten thousand four hundred and ninety blocks to having twenty nine thousand five hundred and ten having estimate April twenty first twenty twenty four total total lightning network capacity four thousand seven hundred ninety eight Bitcoin capacity value one hundred thirty one million U.S. dollars realized monetary inflation rate. My favorite stat out of all this. And when we get to what we're about to cover, that number is going to continue to go down forever and it's going to continue to embarrass fiat currencies. And they don't have a good explanation because money shouldn't steal from you. And the video that we're going to see right now, they talk about inflation as if it's some natural like law, like it's it's like gravity, like it just it just needs to exist. You can't change it. It's this immovable force, like for some reason they've convinced. Remember what Elon said? We covered this on yesterday's episode. Elon said, like someone posted a meme basically saying, what's a scam that is so implanted in everyone's like psychology that like people don't even see it as a scam anymore? And Elon said, fiat money. So slowly that Overton window is shifting. If you live in countries like Argentina, for example, that it's shattered. Right. You know, they're about to elect a hardcore libertarian president that is literally screaming off the rooftops. Let's end the central bank. So, yeah, that, you know, depending on where you are. Right. The scam of of of fiat currencies is slowly starting to slowly starting to get exposed. And I think it's a multitude of reasons. Right. Whether it's hyperinflation, if you live in a country that is enduring that or or Bitcoin. Right. When when you have an alternative that governments can't shut down and they're forced to compete with, it highlights the fact that not only can money exist without inflation, but money can be deflationary, meaning it meaning it actually gains purchasing power over time. Like that is something that they've been saying is impossible. Right. Anyways, so market capitalization of Bitcoin, five hundred thirty four billion dollars, Bitcoin versus gold market cap, four point three three percent. All right. So let's get to the video that I was talking about what I was referring to. Let's check this out. Obviously, it's a pretty long video, so we don't have time to play the entire thing. But let's see how much we can get through it without wanting to tear out our eyeballs. Metaphorically, YouTube. All right. Let's check it out. Hi, I'm Sandy Le from the IMF and throughout this series, I'm going to be answering your questions about thorny economic issues, breaking them down and giving you straight answers without all that fancy academic speak. Let's get started.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1416: Bitcoin Will Reach $148,000 Soon - Pantera Capital
"Welcome everyone to the number one daily Bitcoin pod. Let's go. In today's show, I'm going to be breaking down the latest technical analysis as Bitcoin shorts keep burning as Bitcoin price seeks to hold 27 ,000 and quoting the high priest of Bitcoin, Max Kaiser, you can only create absolute scarce perfect money, irreproductability once everything after Bitcoin is a failed attempt to reproduce it. And additionally, everything after Bitcoin, it can be argued is an unregistered security. This is the position taken in El Salvador and the economy is booming. Homicides are virtually non -existent. Tourism is skyrocketing and Santander Bank attributes this to Bitcoin maximalism. Also breaking news, Sam Bankman -Fried's trial dates have officially been revealed. FTX founder to stand trial for over six weeks. We're also going to be discussing that FTX fortune of 3 .4 billion coming soon in crypto liquidations and what it means likely for the crypto market. We'll also be discussing VanEck releasing two Ethereum ETF ads ahead of the possible Monday launch. I'll be breaking this down for you as well as the SEC delays the spot Bitcoin ETF decision for BlackRock, Invesco and Bitwise. Bummer. Also in today's show, I'm going to be sharing with you Bitcoin price predictions for next year, the year of the Bitcoin halving in 2024. I'll be sharing insights from major banks to hedge funds, including Pentera Capital who predicts we're going to reach $148 ,000 Bitcoin price in 2024, which is around the corner. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show.
Coin Stories with Natalie Brunell
A highlight from Finding Freedom on Bitcoin Island in the Philippines with Marc Mantini
"In El Salvador, they have Bitcoin Beach, and in the Philippines, in this little island, it's called Bitcoin Island, and they've onboarded about 260 merchants right now on the island. Welcome to the Coin Stories podcast, where we get to explore the future of money, business, technology, and Bitcoin's revolutionary promise to boost economic prosperity around the world and mend our broken financial system. I'm Natalie Brunel, and I'm here to learn with you. This podcast is for educational and entertainment purposes only. None of the discussions should constitute as official investment advice, and you should always do your own research. Please make sure to subscribe to the show so you don't miss out on any new episodes. This podcast is made possible through partnerships with companies I trust, and I'm very picky about who I choose to partner with, so I hope you take the time to listen to the ad reads throughout the show. Thanks for joining me, and if you like this type of content and want to see more of it, make sure to hit that like button. All right, it's time for the show. Welcome back, everyone. A couple of weeks ago, I put out a tweet, and I asked for Bitcoiners from around the world to get in touch with me if they want to share their Bitcoin story. I just want to hear from other people about how they got into Bitcoin, why they believe in it, maybe their struggles with fiat, and I got a lot of responses, and I'm really excited to share these stories, starting Mark with Mantini, who is living on Bitcoin Island in the Philippines, has a fascinating backstory. So, Mark, thank you so much for joining me. Hey, Natalie. Thanks so much for having me. It's great chatting with you, and yeah, I'm glad we're able to connect and happy to be here and share my story today. Okay. So, Mark, you're originally from Canada. You learned about Bitcoin in 2016. So just tell me a little bit about your backstory and how you actually heard about Bitcoin. Yeah, for sure. So, like most people, I actually heard about it prior to sort of jumping in, right? So I came across my path maybe in 2014, and I kind of dismissed it, just, you know, busy with life. So I didn't really think too much into it. And then in 2016, my wife, her and her siblings are all sort of computer engineers background, software engineers, network engineers, and it was her brother in Australia who actually told us about this new technology where we can sort of send money back home to the Philippines and Australia where some of her other siblings live at cheaper, faster rates. So at that point right there, I mean, that sold me. At that point, I didn't know anything about the network, difficulty adjustments, having cycles. I didn't know anything about the underlying technology. We just knew we could send it home quicker, faster, instant than Western Union and other remittances that the Philippines typically uses. So once we found out that, I was pretty much sold at that point. Yeah, I mean, millions of people around the world, they're sending money back home to their families and they're spending. I was surprised by how high the fees are with companies like Western Union. So for you, it was like this solves an immediate problem. Exactly. It was a no -brainer really, right? So once we found out that, it was just, that was it. And then it took me another maybe year or so before I really started going down the rabbit hole and understanding the whole underlying technology and everything that comes with it. But at that time, we were just like, we can get it there instant. You know, mom didn't have to take a bus to go get it. They didn't, you know, take their 15%, didn't take three days. So like I said, we were all in just with that alone. And then once we started digging deeper into it, then we just fell down the hole. And then, yeah, so it's been almost seven, eight years now. Wow. Well, so how did you learn about it? Because I think that there is this wide chasm between when you first hear about it, you're skeptical, you maybe dip your toe in, and then going on a Bitcoin standard and moving to Bitcoin island. So what was that process like for you and how did you actually learn about it so that you have total conviction in it? For sure. So once I started to put my mind to like learning about this new technology, obviously started with reading the white paper, right? I think that's where you start understand what it's about, all the underlying technology. And from there, it just started getting into sort of podcasts. Although back then, it wasn't that many podcasts, I guess, it was just as many videos, I could see YouTube videos, anything that came across our path, we were just all over it, basically trying to gather as much information as possible. And then speaking with my wife's brother, they were just kind of helping explain sort of the technology about it from the network standpoint. And then from there, we just started stacking as much as possible. And we really haven't stopped since. And about the Bitcoin standard. Yeah. So the Philippines, we're on an island called Barakay right now. And it's also known as Bitcoin island. So in El Salvador, they have Bitcoin beach. And in the Philippines, in this little island, it's called Bitcoin island. And they've onboarded about 260 merchants right now on the island, accepting Bitcoin. So it's pretty amazing, actually, yeah. What made you decide to move there from Canada? I know that you were really involved in in the meetups in Toronto, you helped out with the first Canadian Bitcoin conference. So what made you leave? You know, really, it's, um, the world is changing. And if you follow anything that's happening with Canada, it's pretty much run by like, a tyrant government right now. And we were personally affected with our jobs. And once that happened, I mean, I'm Generation X, so we don't trust in general, a lot of things. And when that happened to us at work, that was kind of the final tipping point for us. So we went out to the trucker convoy in Ottawa back in early 2022, just to support the whole trucker movement. And it was just a great experience, Natalie, so many great people we met, that we probably wouldn't have met, if that didn't happen. So it was kind of a blessing in disguise, although going through it at the time, obviously, it wasn't a lot of fun. So that was the tipping point for us, right. And then once we heard about Bitcoin island, and all the things they're doing, my wife is originally from there. So we just decided to make a move. So we're just out here right now, basically, on an open ticket, just exploring, having fun, contributing just from a sort of a grassroots level, trying to help out as much as we can with people who are interested in trying to help them out. So, you know, the Philippines remit, I think the fourth largest company that country, excuse me, that remits money back home. So this is just another way to basically help them do it at a cheaper, faster, more efficient rate. So we're just kind of doing our part, like I said, at the grassroots level. And, yeah, we're just gonna be out here and see how it goes and plan to stay for a while and help out as much as we can. Yeah, you know, I actually met a woman from the Philippines here in St. Louis, she's on a work visa. And she was mentioning to me how she sends money back home and the inflation that she's experienced in her country. And I was trying to tell her about Bitcoin, but you know, it's so hard. It's really hard to get people to understand and to trust it, since it's all digital. And a lot of people, when they look at this space from the outside, they feel like they could potentially lose their money. So there's that, you know, initial hurdle. But I want to ask you a little bit more about the Philippines. But first, you know, in terms of Canada and that trucker protest, I think that that was a huge orange pill moment for so many people, including even a presidential candidate here that we have, Robert F. Kennedy Jr., said that that's what made him realize that we really need Bitcoin and Bitcoin freedoms need to be protected. So, I mean, were you surprised that the government today in 20, well, it was 2022, I think at the time, but overreached in that way? And I know your family was personally affected. I mean, lost your jobs because of the decisions that you made. Did you think that that was possible in this day and age? I didn't really think it possible, but I did. If you look at the history of our current prime minister, I mean, his father was prime minister and it's sort of they're cut from the same cloth, right? So it's a good point you mentioned, Natalie, because there was a lot of money donated to the truckers via different methods. And the only method that wasn't confiscated was donations. Bitcoin So all the GoFundMe, all of the other avenues to help out the truckers, they got confiscated by the government, frozen bank accounts. I mean, Natalie, we were talking about single mothers donating 10 bucks, you know, just to help out the truckers getting confiscated. Meanwhile, we already know what's happening. Did you know people who had a and year seven months, eight months now, and people are still going to court for that and people are still trying to fight those in court? And it was really unfortunate. So circle back to your question, was I kind of surprised in this day and age? Not really, not from the current government in Canada, unfortunately. So it's just a really, really sad situation. But we're proud to be a part of the Trucker Convoy supporting. We were there for four or five days. We met some great folks who are still in touch with today.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #462 Biggest Risk for Bitcoin right NOW?!
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin and more. Here is your host, international blockchain expert, serial entrepreneur and investor, Dr. Julian Hasp. Are we seeing some of the biggest risks ahead for bitcoin, for crypto as a whole? Hey and welcome to today's video. My name is Julian. On my channel, it's all about making you crypto fit. I discuss the beautiful world of decentralization, cryptocurrencies, blockchain, much, much more. I try to kind of look at this from various angles. Obviously, on the one hand, as the CEO of the cake group, talk from the retail side, enterprise side, the R &D side, as an investor, personal investor, obviously also from the regulatory side. A lot of authorities we also talk to. And yeah, not only from crypto, but also from macro. And so from all of this, I do actually foresee that over probably the next 12 to 18 months, we may have some of the biggest risks for bitcoin ahead in a long time. Now, I don't think these risks are bigger than what we have seen maybe in its very early years, but probably if I look at over the past couple of years, I do think we have some major risk ahead. And in this video, I really want to highlight that. I want to explain that. I want to talk to you about price targets or potential price targets and really kind of dig a bit into the nitty gritty. Maybe at the beginning, think about it. What's the biggest risk in your side or your opinion? You can let me know either in the chat here or you can also let me know in the comments afterwards. No peeking, no cheating. Maybe be creative yourself. Now, obviously, we have seen a lot of things happening. We have seen collapses from FDX, from three hours capital, from Terra Luna. We have had all the Tether FUD with regulation, SEC crackdowns. Now, what if this is all small to what may be ahead in the next 12 to 18 months? Let me start with cargo cults. Cargo cults, if you don't know, actually stem from the Second World War. Actually, after the Second World War. And what happened there was the US was fighting back the Japanese and they were going from island to island. And so, obviously, these islanders, very, very basic. They didn't really, they haven't really seen those airplanes. They didn't really understand what was all happening. But basically, the Americans, they all came in. They had to build the landing strips, the launching strips for the airports. And way the this name came was what these Americans obviously did. After they had built all those things, they all came there and they kind of, when the planes came, they had to kind of help the planes land and, you know, they built the towers and then they put all the special gear on and they helped the planes land. And then the planes threw off the cargo and the cargo obviously fed the soldiers and the soldiers wanted to be really kind to the islanders and they kind of gave all this cargo a lot of things to the islanders. So for the islanders, this was almost like God. And so what the islanders thought, what was happening was, they looked at the actions that the Americans did and they tried to replicate that once the islanders, once the soldiers left, especially after the war because the cargo didn't come anymore. And the islanders then went and they tried to kind of replicate what the Americans did because they thought if they were to stand there and kind of give the landing signs and put on a special hat and kind of, I don't know, sit in the tower and kind of talk into something, then maybe those planes would appear again and would drop off the cargo. And now obviously we understand that this didn't happen. But the crazy thing, and that's where the name comes from, there were these gurus, right? There were people who said, oh, I can predict what's going to happen and I'm the one who has the wisdom and literally cults were built around these people. Oh, it's not going to happen today, it's going to happen in a month. Oh, it's going to happen in a year or it's going to happen in 10 years, right? It became a sect -ish following and the crazy thing, it's even lasting almost until today. There's cargo cults on those islands still today. They almost looked at like gods and it's insane to kind of think of that. And so obviously looking at this from the outside, it's very easy to kind of understand what went wrong. And what went wrong was that the actual causation, the reasons weren't truly understood. And that can be extremely dangerous if you don't really understand why things have happened. And so one of the easiest things, in my opinion, very easy for cargo cults to kind of fall for is chart analysis. Because in a technical analysis, what you do is you kind of go and you say, look, in the past this is what happened and so we're seeing a similar pattern right now, so next the same thing is going to happen. What you should be doing is you should be looking what happened in this point in time. Is it likely that this thing happens again? So the same thing as basically the islanders went. They went there and they kind of made all these signs. That was irrelevant. What they should have done is they should have looked, is the US still fighting the war against the Japanese in the Second World War? And so they should have realized that it's a different pattern, not because the pattern makes the price, but because the events make the price. And so to me, this is so fundamentally important. And what I have seen, sadly, over the past couple of years, we've seen this with stock to flow, with Bitcoin. We have seen this with, doesn't matter, in El Salvador with the volcano bonds. And we've seen this with so many things, right? We've seen this with store value. We've seen this with, I don't know, these four -year cycles. We have seen this, oh, the 200 -day line is never going to get broken. Then the 200 -week line is never going to get broken. Then this thing is never going to get broken. But at the end, right, you need to understand that this is just a cargo cult. It's nothing else. You need to understand what happened at that point that it turned around and what's going to happen today. Is it going to be the same event that's going to make something turn around? And so to me, the biggest issue I see right now in Bitcoin, actually, are these cargo cults. It is that people don't fully reflect and think what made the price go up. In the past, is this the same thing that is going to happen right now? I actually think this is fundamentally the biggest risk. To me, that's a bigger risk than Tether. I think the Tether risk is there, but I think it's not relevant enough anymore, especially with these interest rates. I don't think that the risk is Satoshi or, I don't know, having some elliptic curve that, I don't know, was designed by the NSA and it's just there to kind of steal money from you. I don't think a potential Binance blow up or a Quobee right now, I don't know, I don't think these are massive kind of issues. I don't think if the ETF, for example, doesn't get approved, I don't think that would be such a massive issue. I think the issue is if people don't fundamentally understand what actually drove interest in the past and is this going to drive interest right now? And you have to be fundamentally honest to yourself, and I think that's just the hard part. And what people do is just like in these cargo calls on the islands, they're going to come up with something new, they're going to procrastinate, they're going to delay, they're going to say, you know what, this time it didn't work, but the next time it's going to work. And obviously, people all being hungry, all waiting for the cargo to come down again are just going to follow and they're going to believe the gospel without actually reflecting honestly and realizing, huh, maybe this is actually a bit different. So this to me is the biggest danger. And the biggest danger comes down to one fundamental thing that I've been trying to say for, I don't know, for years I would say, but I've been very vocal about this over the past couple of months especially, and that is that I fundamentally don't believe that Bitcoin is a currency, it's not a cryptocurrency, I don't think that's a metric to look for or something to strive for. And it has become very clear and there's also something that, I don't know, I think the first time I discussed this was probably in 2017, also a bit of an inflation topic at that point, I discussed it, that I don't think Bitcoin is an inflation hedge. For me, it was always digital gold, meaning not gold as an inflation hedge but more of a hedge against Wall Street, against kind of the insurance of the centralized kind of banking system. So nothing about money printing per se, nothing about inflation, none of those, not a store of wealth or like this safety storage, all these things, it's not backed by any data to do that. And I know people keep selling this or keep talking about this but it's actually not true and that's the same thing with the cargo cults. It's such a fundamental problem. So what the data actually shows and that's basically the two things to me that always kind of showed what is going to drive the Bitcoin price. Number one, that's been the main driver right now, has been speculation. And speculation obviously has a lot to do with M2, simply not so much because of inflation but because people having excess liquidity, right? Inflation is actually not what's going to give people extra money. It's going to give them extra numbers but these numbers tend to go up slower than their living cost. So they tend to have subjectively less purchase power, right? So they have more currency but they have less purchase power. And so during times of speculation, they actually have the exact opposite or they try to kind of squeeze extra currency out, kind of forgave on something else and just kind of double down on speculation. And we have seen this, right? We have seen this during the 2016, 2017 kind of rally with ICOs, like extra liquidity in the market. We've obviously seen this with 2020, 2021.
Coin Stories with Natalie Brunell
A highlight from News Block: Shocking Lawsuit Against SBF Parents, UAW Strike, Anti-Bitcoin Senator Indicted, Housing Crisis Ahead?
"Welcome to the CoinStories news block. I'm Natalie Brunell, and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. Let's begin this block with shocking new information coming from the FTX bankruptcy. In a court filing last week, managers of the bankrupt FTX estate sued SPF's parents, Joseph Bankman and Barbara Fried, who happen to both be renowned legal and ethics scholars and professors at Stanford Law School. The lawsuit alleges that millions of dollars were fraudulently transferred to SPF's parents from FTX Group, and lawyers want to claw those funds back. The filing describes in detail how SPF's parents were more deeply involved with FTX than many people suspected, with SPF's dad routinely calling it a, quote, family business. The filing says Bankman and Fried exploited their access and influence within the FTX enterprise to enrich themselves. It alleges SPF's dad acted as a de facto manager, hand -selecting recipients of charitable contributions, directing hundreds of millions of dollars in loans, hiring and firing employees, and overseeing key investments for FTX. In one exchange, he was upset about his $200 ,000 a year salary and told his son he needed it to be a million a year, even saying, quote, gee, son, I don't know what to say here. This is the first I heard of the 200k a year salary, putting Barbara on this. SPF's father appears to have been richly rewarded for helping to perpetuate the FTX fraud. He flew in private jets, received millions of dollars in cash and real estate, and even appeared in a Super Bowl commercial. He also used his insider status and wealth to influence his circles, including his employer, Stanford University, and various political groups. Stanford has said it will be returning millions of dollars worth of, quote, gifts it received from FTX. Among the most shocking revelations was that it appears Joseph Bankman understood that FTX was nearing insolvency and transferred funds into assets like primary residences so they would be protected in the event of bankruptcy. This included transferring a $16 .4 million luxury property in the Bahamas to himself and his wife. Now, SPF's mother, Barbara Fried, was also deeply intertwined with the FTX scheme. She was the beneficiary of cash and properties and appears to have been the mastermind behind the illegal political donations. Barbara Fried was described as SPF's primary political advisor and allegedly pressured FTX insiders to, quote, unlawfully avoid federal campaign finance law. She pushed FTX employees to use straw donors, which are people who illegally use another person's money to make a political donation in their own name. And lawyers say more than $100 million was stolen from FTX customers to make political donations, making FTX the second largest donor organization behind George Soros Fund management. Although SPF's parents have not been formally charged with anything yet, this lawsuit provides shocking evidence of their involvement in the crypto criminal enterprise. Let's turn now to Robert Menendez, the senior Democratic senator from New Jersey who has been indicted on bribery charges. According to the indictment, Bob and his wife accepted hundreds of thousands of dollars worth of bribes in cash, gold bars, mortgage payments and a Mercedes Benz convertible. What makes this particular bribery case notable in the crypto community is that Senator Menendez has been a long time outspoken critic of Bitcoin. Specifically, he has voiced concerns about corruption in Bitcoin and its use in illicit activities. In 2017, the senator wrote a letter stating that the, quote, anonymous nature of Bitcoin transactions makes it an ideal choice for criminals. Menendez was also one of the three co -sponsors of the Accountability for Cryptocurrency in El Salvador Act, which sought to, quote, mitigate risks of El Salvador's adoption of Bitcoin. When it comes to Bitcoin critics in Congress, it's really best to focus on what they do, not what they say. Senator Menendez's charges are just the latest development that supports a 2021 report from former acting director of the CIA, Michael Morrell, who found that criminal activity that takes place using Bitcoin is negligible compared to what transpires within the traditional financial system. This news only further speaks to the corruption present in our political system today and how criminals still prefer good old cash over Bitcoin for illicit activities. Now, speaking of Congress, the clock is ticking to pass yet another new funding bill to prevent a government shutdown. Congress has until October 1st to pass new funding legislation, but Republicans and Democrats are not even close to making a deal. So how could all of this impact the economy? Well, under a government shutdown, hundreds of thousands of federal employees would be sent home without pay. Also, government services like the court system, national parks and economic data reporting institutions would be suspended. According to The Wall Street Journal, government spending makes up about a quarter of U .S. GDP, so a sudden slowdown in spending can impact the economy significantly. But get this, in the event of a government shutdown, those workers won't be paid. But the Pentagon has announced that Ukraine operations would be exempt from any potential shutdown and will go forth fully funded. And that is making a lot of people very upset out there.
Simply Bitcoin
A highlight from Saylor Now Own's Almost 1% of All Bitcoin, BUYS MORE | EP 831
"Yo intro first You're against freedom Yeah, we're gonna salute Bitcoin live we're your number one source for the peaceful Bitcoin revolution for breaking news culture manic warfare We will be your guide through The separation of money and state. I hope everyone had an amazing effing weekend I did I got to chill, you know everyone on the weekends like man like like what'd you do? What like, you know, what did you do anything crazy news, whatever? No, man I stayed home and I chilled and I relaxed because the week, you know, it's the Bitcoin rollercoaster making Bitcoin media You know, it's a grind. I'm not gonna lie It's very purposeful and I'm very very grateful and privileged Opti and I are and the rest of the simply Bitcoin crew But but it is it is quite a bit of a grind. So on weekends, I get to chill. Anyways enough of that breaking news Michael Saylor buys Even more Bitcoin the man or micro strategy better said now owns almost 1 % of all Bitcoin sky talk about Conviction this is conviction Michael Saylor is proving to the world and this is something that I've been saying guys in the next two or three years it is going to be Undeniable, it's gonna be an undeniable fact that naim bukele's Bitcoin strategy and Michael sailors strategy on the public company level is Going to be an alternative than holding fiat currencies on their balance sheets Especially with the FASB rule changes, especially with the Bitcoin ETF around the corner there They're gonna they're trying to do whatever it takes and I believe it's politically motivated I'm not the only Bitcoin or that has said this by the way That they're you know, they're trying to slow this down But it's gonna be undeniable and they're gonna have a very hard time Debunking this that Bitcoin Itself, it's just a better money It's just better money and governments are gonna have a hard time disputing that and the reason they're gonna have a hard time Disputing that number one is because they're always going to do they're always gonna want to debase their currency They can't afford the endless wars. They can't afford sending billions of dollars to Ukraine If they didn't have the money printer, so they're gonna have a really hard time explaining that away and number two Censorship, of course, right and the control on money itself, right? A lot of the reasons that the BRIC nations have sought alternatives to the US dollar Not only because the US government is printing a ridiculous amount of money but also because they've politicized the money they've weaponized the money against their political opponents and Fine, you could you can make the argument. I'm not gonna I'm not gonna make those judgments the government of North Korea are bad Okay, and the government of Russia is bad the government of Cuba is bad. I'm not gonna get into those arguments, right? but let's talk about The vast majority of people that live in those countries that are not have nothing to do with the government They're just like you and you and me. They're just trying to get by they get caught in those sanctions they have nothing to do with it and The system that they want you to live in is if you live in a certain if you were if you happen to be born in a certain country You happen to have certain political beliefs. You are not entitled to have to open a bank account You are a danger. You're a risk. Well Bitcoin is for you Bitcoin is your money it works. So they're gonna have a hard time and this is why we call it the separation of money and state This is why we bring up the book the sovereign individuals so much because it absolutely Hit the nail on the head this what we're living through right now, but it's not only money It's also the disintermediation of information which is happening at the same time. You're seeing it with the Russell Brand stuff You're seeing it with the Tucker stuff Independent content creators are now getting more views and more traction than the legacy corporate media of which they cannot control and that freaks them out too, so After we got over this hill after we endure this this this bumpy transitionary period and if we win the race to avoid the war I Agree with Corey Clifton from swan I think that there's a bright orange future ahead of us and I've never been so pumped about it But I got to say one last thing before I bring up my legendary co -host Michael sailor Please leave some Bitcoin for the rest of us. Anyways Opti. How you doing, brother? I'm doing great man doing great. I also unplugged this weekend. It felt good I was literally joking with everyone in the spaces. I literally lived the meme. Did you guys catch the game this weekend? I unplugged completely what game did he catch? I caught all the games. I didn't do anything yesterday I literally did not a thing yesterday, but watch football Throw tomatoes all you want, but it was it's a great weekend It's good to be a big corner and then also guys mad sailor leave some Bitcoin for the rest of us she It's almost like you taking it all it's almost like you trying to buy all the Bitcoin. Yeah. No, he definitely is bro He he owns 1 % he almost owns 1 % of every Bitcoin. We're at that point. We're at that point in the movie, dude Well, I think this is the PSA where we tell everyone to stop selling your Bitcoin to Michael sailor and huddle onto them coins We're in the dark it actually I saw a good tweet before we go on Nico I saw a good tweet this weekend and it was something on the lines of like Dang, I wish I could remember but it was something like Willy. Woo is bearish Someone there is another part and then it's like and Bitcoin maxis are watching d3 football like if you can't tell that this is the deepest parts of a bear market Like are you even watching there? It was a great tweet I wish I could say it off the top of my head But as you can tell we're in the deep parts of the bear market I hope you guys are stacked and I hope you guys are getting your cash flows up and Just you know getting your body right mine, right? This is the time to get your UTXOs in order to make sure that everything is copa static as we move into a crazy Bull run. Anyways, Nico, we were gonna have a guest today But I'm kind of glad that they didn't show up because I wrote an article for once guys And I'm actually really hyped on this one so I'm gonna read it for you I'm gonna do my best guy Swan impersonation today, and I I think you guys are gonna really like this one So, I don't know it. It's got a lot of soul. It's got some spirit in it It gets me hyped up and maybe I'll give you context for it. I'll just read it and see what Nico thinks He I don't even think Nico seen this yet So I'm excited to get his response his reaction to we're gonna do a reaction video on today's simply Bitcoin Anyway, you go let's get into the show. Are we gonna get a Nico Jones take today? Are we gonna get a wild Nico John? I think so. We got something spicy for the numbers, bro. Let's jump in today. I bet The Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase Really secure stamped seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade Titanium plates instead of just writing them on paper Don't store your generational wealth on paper papers prone to water damage fire damage You want to put your generational wealth on one of the strongest metals on planet Earth? titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they Aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere Titanium stamped seeds will survive nearly triple the heat produced by a house fire They're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for The long haul stamp your seed on stamped seed. All right, everybody. I literally made it super frickin easy Don't put yourself in a situation while you lost Why you have to explain to your grandchildren while you lost your generational wealth because you stored your seed on paper store it on Titanium scan the QR code on your screen use promo code simply get 15 % off anything on the stamp seed website anyways at the time of recording The Bitcoin price is twenty six thousand three hundred and forty sats per dollar three thousand seven hundred ninety seven block height eight hundred nine thousand three hundred and three blocks to having Thirty thousand six hundred ninety seven having estimate April 21st 2024 total lightning network capacity four thousand six hundred seventy three Bitcoin Capacity value one hundred twenty three million u .s. Dollars realized monetary inflation one point seven five percent the market capitalization of Bitcoin 513 billion dollars with the B Bitcoin verse gold market cap three point nine nine percent All right, everybody so Opti said Nico Jones ran potential Nico Jones rant What what is this potential Nico Jones rant gonna be about? Well, we've talked about the you know It comes from like the political front this this this saying but I'm gonna apply it to Central bankers, I'm gonna apply to politicians Right, and there is something in the in the political Rhetoric recently and it's called the iron law of something projection, right? So we're gonna take away the political rhetoric because we believe on simply bitcoins not left versus right, right? It's a party of orange versus party of green party of central bank digital currencies nihilism poverty slavery versus a party of freedom Bitcoin Prosperity opportunity optimism, right? So that's really what it's about But I'm gonna take that rhetoric because it is very very powerful rhetoric and I'm gonna say the iron law of central bank Politicians projection never fails it never frickin fails let me introduce you to senator Mendez of New Jersey and let's take a look at what he has to say about Naeem Bukele of El Salvador We have an increasing challenging situation in El Salvador one that threatens both the future democracy in the country and bilateral relations of the United States Over the last two years president Bukele has presided over a number a number of alarming setbacks for democratic governance undermining judicial independence intimidating opposition lawmakers by using security forces to occupy the legislature negotiating political pacts with gangs regularly attacking journalists and media outlets and In addition to these actions Bukele has also repeatedly used his network of Twitter trolls to attract and to attack And threaten not only government critics within El Salvador, but also United States officials We have an increasing challenging situation in El Salvador one So this is just internalize everything everything that this guy said right, you know senator meant You know, he sounded so legitimate.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1411: Bitcoin Will Hit $1,000,000 By This Date - Max Keiser
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. Welcome to the entire crypto fam. This is the number one daily Bitcoin pod. In today's show, Bitcoin price tracks $26 ,500 as Bitcoin speculator supply hits a 12 -year low. Also breaking news, Coinbase secures an AML registration from the Bank of Spain as well as analyst Willy Woo says this enemy of Bitcoin is rearing its ugly head. Once again, we'll also be discussing a classic Bitcoin indicator suggesting a 2024 bull run, says trader who called May 2021 collapse, Dave the Wave. Also, Max Kaiser slams crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, after he raises $80 ,000 in donations to fund his legal campaign. Max says get off the ish coin crack pipe as soon as you can. Max also says that XRP and ETH are both centralized ish. This is why they are both verboten in El Salvador, which virtually means forbidden. I'll also be sharing with you Max Kaiser's one million dollar Bitcoin price prediction as he says Bitcoin will be gold by a factor of 100 X as the altcoins will get shut down and go to zero. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Thinking Crypto News & Interviews
A highlight from ANTI BITCOIN BOB MENENDEZ CHARGED! SEC GARY GENSLER DOESN'T LIKE THE LAW (CRYPTO NEWS)
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we got very interesting news, which I'm sure many of you may have heard in the mainstream media, and that is Senator Bob Menendez has been charged with bribery and a whole bunch of other crimes. And you may say, well, Tony, why are you talking about this? Right. Well, folks, Senator Bob Menendez, who is a Democrat, he introduced a bill back in 2022, which would help to stop Bitcoin adoption in El Salvador. And he was citing that the adoption would open the door for money laundering and corruption. Wow. Talk about hypocrisy, folks, right? This guy all along for a very long time, his track record, he's been accused of doing a lot of shady stuff and now he's being charged here. The folks at Bitcoin Archive said the senator who said Bitcoin can open the doors of corruption in El Salvador was just indicted for corruption by federal prosecutors who seized one hundred thousand dollars in gold bars and four hundred and eighty thousand dollars in hidden cash from his home. So politicians those who are often very loud and screaming against crypto are the ones who have a lot to lose and a lot to hide, who are probably doing shady stuff. For example, Elizabeth Warren, Brad Sherman, Gary Gensler, right? I'm sure they've got some really nasty stuff in their closet. And some folks have shown that Elizabeth Warren has a net worth of seventy three million dollars. And of course, her salary is just like two hundred and eighty thousand a year. That's a great amount of wealth she's accumulated from just a senator's salary, right, folks? But we know the game, right? This is why we got to keep fighting and we got to expose these corrupt bureaucrats and politicians like Elizabeth Warren and Brad Sherman. We know they are puppets on the string doing a lot of the bidding of the tradfi incumbents and people who would love to kill crypto and not just even kill crypto, but just stop or kill the startups and allow their banking buddies and Wall Street buddies to come in and take over. So I'm glad these folks are getting exposed. And President Nayib Bukele, who, of course, he's the president of El Salvador, he tweeted about this news. He said, this is the guy that called for an investigation against us. He ended up being charged, period. So I'm glad he's doing a victory lap there. Now we got some interesting news about a library in the SEC. So we had reported just about a week and a half ago or two weeks ago that library was going to file an appeal. And this is based on the Ripple lawsuit outcome. Right. It makes sense. We have new case law with XRP, so it makes sense for them to appeal. And the First Circuit Court of Appeals in Boston has directed library to file its brief by November 1st, 2023. Now of course, this is no guarantee they're going to win. But the point is, we want to put the pressure on the SEC and Gary Gensler. We want to expose them for their lies, hypocrisy and much more. So I'm glad library is doing this. Attorney Jeremy Hogan highlighted a video here with Gary Gensler being interviewed. And it just shows his hypocrisy that he doesn't care about the law. He just cares about his own power and his next job. And it's no wonder Judge Sarah Netburn said the SEC has no faithful allegiance to the law. So he says the crypto space is full of hucksters and noncompliance. Well, the reporter asked them, would anything a court says change your mind? Great question. Gensler said, well, no, not really. And of course, he looked very shaky. He's losing confidence. And Attorney Jeremy Hogan said, you can't make this stuff up. So clearly, this man has no respect for the law. He's just making things up as he goes. It's about his show, his power, his ego. And we can't have that, folks. This guy's supported by our tax dollar. He should be kicked to the streets. And I'm telling you, I hope that Coinbase mops the floor with his buffoon and the SEC so that he has so much pressure on him. He's forced to resign. I'm hoping that happens. Now, Stuart Aldarati highlighted that same video. And here's what he had to say. What's most concerning to me and should be to you in the full video clip, this is the shocking admission of an unelected bureaucrat that he won't respect the decisions of the courts. So I'm thankful for the judicial branch and the balances we have in the government that a corrupt scumbag regulator like Gary Gensler, as much as he can go around saying all kinds of nonsense and nasty stuff, he has to respect the courts in a sense of what they put out there. Right. The SEC has to abide by that. Now, he may not personally agree, and he can, you know, like in this interview, say, oh, no, I don't agree with anything. But at the end of the day, if he takes a loss, he takes a loss. Right. So we got to keep fighting. I'm hoping the industry keeps fighting back as well. Now, quick word from our sponsor, and that is Uphold, which is a great crypto exchange that I've been using since twenty eighteen. I've interviewed their CEO and many representatives so I can vouch for this platform. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and thirty seven fiat currencies so you can switch between these different currencies and crypto and precious metals at a click of a button. So it's a unique platform and they've been around for a long time. Once again, I can vouch for this platform. So if you'd like to learn more, please visit the link in the description. All right. Let's move ahead. Caitlin Long was at Mainnet and she was tweeting out some of the statements coming out of Mainnet. I was at Mainnet yesterday and I met her. I tweeted out a photo of us together. I was supposed to go on Wednesday as well, but I wasn't feeling too hot. So stayed home that day. But, you know, there was a lot of folks there. And Brian Armstrong, CEO, was there. He said the Biden administration has been terrible for crypto. Well, that's to say the least, right? That's an understatement. They've been horrendous, in my opinion. Caitlin also highlighted that 61 percent of pro -crypto voters actually this is she's highlighting what Chris Lee Hain had to say, that 61 percent of pro -crypto voters in 2020 voted for Biden. Democrats are at risk of losing them in 2024 due to anti -crypto policy. Absolutely right. And these Democrats are shooting themselves in the foot. Patrick Hanson of Circle highlighted the following, that the euro stablecoin, obviously Circle issues USDC, but they also have the euro stablecoin and it's now EURC instead of EUROC. So just an update there. So the euro coin is now EURC. So just heads up on that, folks. And I want to highlight something I tweeted out today, and I think it's important. And, you know, all emotions aside, all feelings aside, I was highlighting that I'm very bullish on Ethereum for the 2024 -2025 bull market. Now this is, once again, all emotions and feelings about Bill Hinman and Joe Lubin aside, I still want those guys to be held accountable. But as for the token and the code, it's getting adoption. And I highlight that PayPal is building their stablecoin in Ethereum, right, PYUSD, Citibank's token is built on Ethereum. JP Morgan is working on a deposit token, which is built on Onyx, which is a permissioned version of the Ethereum blockchain. Coinbase is obviously launching base, which is their layer two for Ethereum, or they have launched it, I should say. And there's a rise in institutional ETH staking. So I'm very bullish on ETH and this type of news, these facts now, not my feelings, not my opinions, but these facts of adoption from very big companies and brands has me very bullish on Ethereum. I obviously hold ETH in my portfolio. I stake it and I continue to buy the dip, not financial advice. You should do your own research. And obviously I'm not just bullish on ETH alone, but just there's been a lot of adoption. And I want to highlight that because it's about facts, not feelings now. And I'm bullish on Bitcoin, XRP, Chainlink and many other tokens. Let's talk about Core Scientific, which is a Bitcoin mining company. So Core Scientific sealed $77 million Bitmain deal for 27 ,000 Bitcoin mining rigs. The deal was first finalized in August with Anchorage as another party agreeing to an equity stake in the bankrupt crypto miner. So one of the key things is that BlackRock also gave them a bit of money. Guys, this was back in 2022. So it's kind of like to the Victor goes to spoils where Bitmain was in trouble and then a whole bunch of folks started coming in to grab up as much as they can. So the deal between the two mining companies will see Bitmain supply 27 ,000 Bitcoin mining rigs for $23 million in cash, along with $53 .9 million worth of common stock of the bankrupt firm. Apart from the mining hardware purchase deal, Bitmain and Core Scientific have signed a new hosting agreement to assist Bitmain's mining operations. The deal was finalized in August when a court filing highlighted Bitmain's plan to sell mining hardware in exchange for cash and equity. As part of Core Scientific's restructuring plan, apart from Bitmain, the restructuring plan also included Anchorage. And you guys may have seen my interview recently with the president of Anchorage and the co -founder of Anchorage, Diego Monica. If you haven't seen that, be sure to check it out. It says here, restructuring plan also included Anchorage, BlockFi and mass mutual asset finance. Apart from Anchorage, all other three firms chose a mix of cash and equity options to settle their claims. The expansion investment plan by Bitmain will come into force by the fourth quarter of 2023, pending approval from a judge. Once approved, the hardware will potentially add 4 .1 exahashes to Core Scientific's hash rate. The two crypto mining companies all have also agreed to work together to upgrade Bitmain's last generation miners hosted at Core Scientific's data centers to further increase the firm's productivity. So, folks, Core Scientific, I will be potentially interviewing the new CEO and I'll let you guys know when that's coming up. But I want to definitely get into the details here and what BlackRock is doing with them in addition to Bitmain. So I'll definitely be asking those questions once I get the interview locked in. But, you know, a lot of companies are preparing for the Bitcoin mining next year. And many of you may have seen my interview uploaded earlier today with Fred Thiel, who's the CEO of Marathon Digital Holdings, and Marathon is working with a sovereign wealth fund. So, folks, there's going to be a lot of capital coming to the market. You're going to see a rise in demand for Bitcoin as the spot ETFs get approved, especially around, you know, BlackRock spot ETF and Fidelity and so forth. So I'm very bullish, you know, like I've been saying, we are in quantitative tightening, fighting inflation, rates are high, but this will end right as it has historically boom and bust cycles. The Fed will eventually start its QE again. They're going to start printing money, global liquidity will go back up and we'll be back in a bull market. We just have to be patient, dollar cost average where possible. And, you know, don't look at the price every day because you'll drive yourself crazy. And, you know, it's very volatile. Sometimes it's moving sideways. It's very boring. And I know that's tough. But just, you know, take your positions, obviously do your research, take your positions and just be patient and then, you know, watch what these players are doing. Right. Not so much the price, but watch what the players like this are doing, who's investing, who's building, who's raising capital and much more. So that's what I'm looking at. And that's why I build this podcast to share the news, because, you know, this is not going to make mainstream news. This is not going to be on CNBC, Fox or CNN or whatever it is. Right. And a lot of people are not paying attention. But I'm glad I'm here early. If you are here early, pat yourself on the back because there's going to be billions of people coming in buying Bitcoin and other crypto at a premium and they're going to go to BlackRock and whoever else. Right. But you and I are on the side of smart money. We are on the side of BlackRock. We are on the side of Fidelity. Right. Accumulating the lows. And then when the bull markets come back, then, you know, the herds, the herd who watch Jim Cramer and listen to Jim Cramer will go by. And that's when I'll be taking profits. And I'm sure many of you as well. So once you understand the market cycles, both for stocks, even real estate and obviously crypto, you know, you can make money, folks. And that's what I had to learn. I had to unlearn the mainstream media finance and listening to Jim Cramer and all these things. Right. And study the charts and understand the market cycles and know when to buy and when to sell, because all those things, you have to be a contrarian. Right. You've got to go against your emotions. You've got to go against the herd mentality. And that's hard if, you know, all your life you've been trained to go with the herd. Right. From television and media and all these things, you have to unlearn that. And once you get it, boy, it's pretty sweet. Right. To be able to make a nice return, make nice money. And obviously you've got to diversify. I diversify into different tokens, into stocks. I've often tweeted and sometimes shared, you know, my positions. Recently, I told you guys I bought PayPal because Jim Cramer said to sell PayPal. So I bought PayPal. Right. I know it's not going to be some quick flip. It may I see I may see some nice returns by next year and that's OK. I a am patient investor looking to build wealth for me and my family. So anyway, guys, that's my approach. Let me know what you think. I would love to hear what you guys think about this news. Leave your thoughts and comments below. Hit the thumbs up button. Hit the five star rating on the podcast platforms. Don't forget to check out the merchandise store. Link will be in the description. Thank you for your support. Thank you for listening. And I'll talk to you all later. Thank you.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1409: BlackRock Bitcoin ETF Will Drive $1,500,000 BTC Price
"In today's show, Bitcoin fails to recoup post -fed losses as $20 ,000 Bitcoin price returns on the radar. In breaking news, the senator who said Bitcoin can open the doors of corruption in El Salvador was indicted for corruption by the federal prosecutors who seized $100 ,000 in gold bars and $480 ,000 in hidden cash from his home. Max Keiser responded to this story. Gold is the poor man's Bitcoin. It encourages thievery, war, violence, excess stupidity like Peter Schiff and Nassim Taleb, both who turned down my offer of free Bitcoin at $1 in 2011. Also in today's show, Bitcoin blast pass is 2021 all -time high in Argentina, but hyperinflation outpaces once again. We'll also be discussing Binance and CEO CZ asked the court to dismiss their SEC suit. I'll be breaking down this latest saga as well as Bybit will suspend services in the UK following the financial regulators final warning. We'll also be discussing Nick Carter doubling down on the theory the Bitcoin was invented by the NSA. We'll also be discussing major fund managers as the BlackRock ETF will drive the price to $1 .5 million per Bitcoin as it literally unlocks $30 trillion worth of capital. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. And a quick reminder, if you gain value out of today's episode, the greatest compliment you can give, simply smash in that like button as it helps out tremendously with a YouTube algorithm. And if you're not already subscribed to the channel, you know what to do to receive daily premium crypto news alerts every single day, just like this.
Simply Bitcoin
A highlight from Europe's Anti-Bitcoin Bill Reveals Plan to Stop Adoption | EP 829
"It's all going to zero against bitcoin it's going up for ever more you're against bitcoin you're against freedom yo welcome to simp with bitcoin live we're the number one source for the peaceful bitcoin revolution we will be your guide through the separation of money and state speaking of the separation of money and state interesting news coming out of Europe kind of not as bad as the proposed bill by Elizabeth Warren that we covered on one of simply bitcoins simply bitcoin lives episode this week but it's something very similar right this idea that every single transaction needs to be KY seed right and then I think that will inevitably lead to the any host unhosted wallet needs to be KY seed all right the the wording specifically in the Elizabeth Warren bill included any minor any validator any software wallet so you know it's just of course the powers that be that tremendously benefit from having a monopoly on the creation of money having controls on money of course to benefit themselves of course they're not going to be okay with this and this was the theory that was originally you know put out back in the 90s in the book the sovereign individual I'm going to read you guys a passage from that book because I think it correctly predicted exactly the reactions from governments I don't think governments have been able to they're not used to this environment where they have competition and most importantly not only do they have competition but they can't shut down the competition right because we remember we saw Facebook try to launch their own you know digital currency and they got shut down real quick the thing with Bitcoin right and Bitcoin only right because aetherium is inherently centralized meaning it will inevitably be co -opted so they have no choice but to ally with the state and they were in order to survive but with Bitcoin can't be stopped and because it can't be stopped it creates a forcing function in the long term as more and more individuals choose to opt out of inflationary money into deflationary money so yes of course times are changing but it's not only on the money front right we're not only living through the disintermediation of money but we're also living through the disintermediation of information and yesterday was a historic day I've never seen this in my life the UK Parliament sent Russell Brand an extremely popular independent content creator a letter to rumble we love rumble by the way we're on there subscribe to us on there and shout out to our rumble audience as well it's been growing by the day so we appreciate you all they sent a letter to rumble asking rumble to demonetize Russell Brand like YouTube did so we have governments that are directly asking platforms to demonetize content creators of which they don't did they don't agree with that is absolutely absurd and these are the same governments that want you to trust them with central bank digital currencies if they had central bank digital currencies in place they wouldn't even have to ask the platforms they could just flick the switch themselves so when we say Bitcoin or slavery or how beauty on said it and I'm starting to lean this way to Bitcoin or death we are not exaggerating and you have to choose what world do you want to live in in the future and most importantly what world do you want the future generations your children your children's children to live in so it's gonna be a great episode I'm really looking forward to it you have to stay on top of what's going on anyways we also we also have a very special treat for you guys we have the head of customer experience from foundation devices the maker of the passport hardware wallet and he's gonna do a live demo for us during the culture cement segment so I'm really really pumped about that let me bring up let me bring him up on stage Bitcoin Q &A you're quite well known on Bitcoin Twitter as well how you doing buddy yeah doing very well thank you very much for having me I'm psyched to shoot the shit with you guys this evening well even in my time but yeah certainly some interesting goings on especially around the Russell brand thing so I'm sure we'll be able to share some insights on that one but not a good look yeah I completely agree man it's it's some some interesting times we are living through people some people call it the fourth turning I don't know man but the phrase that sticks with me the most is weak men create hard times hard times create strong men strong strong men create good times we're definitely going through this era and then I think it was actually Vladimir Lenin that said the very very famous quote right where there are decades that nothing happened and then there are weeks that decades happen I think we're definitely living through this moment of time anyways no more delay let's bring up my legendary co -host not optimistic today no smile oh there's this smile sorry I was caught reading the channels optimistic fields how you doing bro well I am doing wonderful and I'm actually really excited for this culture segment today guys I got a sneak peek of the demo that we're going to see and I think there's gonna be awesome this might be a simply Bitcoin first for the live show but to the news stories and stuff it really just goes to show that if you speak the truth you are the enemy of the state and I think more and more and more people are waking up to this because they either continue to de -platform you from your banks or de -platform you from social media for saying what they don't want to be said you know for saying the quiet part out loud and you know this is why we do our show in a very particular way so that we can survive on YouTube but man it really just goes to show that the powers that be are completely terrified of people talking about the truth hence why you guys need to talk about it more and continue to spread that signal but it just goes to show that this is the the last I don't know the last gasp of the great Leviathan you know what's them saying like darker before the dawn like this is their last grasping at straws to control the truth and and I mean I've been saying for a while I think the monopoly on truth is slowly and dwindling they're going to try to make examples of this so you know just be prepared we know what's coming so protect yourselves protect your family and continue to spread the Bitcoin truth the Bitcoin signal actually just truth with a capital T I suppose anyways Niko let's let's get into this one let's get into this one let's get into the show man I'm really really excited alright guys let's get to the numbers we have a lot to talk about today and I'm super is your Bitcoin in cold storage really secure is your seed phrase really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper don't store your generational wealth on paper papers prone to water damage fire damage you want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't going anywhere no risk of the plate breaking apart and pieces falling everywhere titanium stamped seeds will survive nearly triple the heat produced by a house fire they're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul stamp your seed on stamp seed alright guys I literally made it super easy for you guys you can scan the QR code on your screen it will take you directly to stamp seed website you can get you could store your generational wealth on titanium so you don't have to explain to your children why you lost your Bitcoin because you stored it on paper you can use promo code simply get 15 % off anything on the stamp seed website at the time of recording the Bitcoin price is twenty six thousand five hundred and seventy sats per dollar three thousand seven hundred sixty four block height eight hundred eight thousand seven hundred twenty nine blocks to having thirty one thousand two hundred seventy one having estimate April 21st 2024 total lightning network capacity four thousand eight hundred fifty five Bitcoin capacity value one hundred twenty nine million US dollars realized monetary inflation one point seven five percent the market capitalization of Bitcoin currently sitting at five hundred and seventeen billion dollars Bitcoin versus gold market cap four point zero one percent in the grand scheme of things Bitcoin is still a baby if Bitcoin reaches not if when Bitcoin reaches the gold market cap that is five hundred thousand dollars per coin and I think that's just getting started anyways we played you guys a video yesterday of a member of the United Nations talking about how we are in an information war we played you guys the video and she was basically recommending that that that they no longer have people to call on on Twitter to censor information she was also saying how there's an army of people that are propagating United Nations approved information well you know she's she's talking about as if the information that's coming out of the United Nations is a matter of fact right she's talking about the problem of disinformation disinformation well my question to you guys is who gets to decide what is disinformation and what is information right well we advocate for on simply Bitcoin is individuals not central planners not governments using their own critical thinking abilities right to dictate okay this is a good idea this is a bad idea right this is how the American this how the American Constitution it's literally written like that that there's a reason that the First Amendment is the way it is right the government or Congress should make no law you know basically censoring or stopping the freedom of the speech of people right and they made it that way for a reason because if there is a central authority if there's a government that gets to dictate what information is true what information is not true history has shown that they'll use that power to protect their own political mode right so thank God for the internet thank God for technologies like Bitcoin thank God for technologies like Noster for example they can't do this anymore and because they're not able to do that they're freaking out number one and number two and number two it becomes a forcing function over a long period of time but that doesn't stop them from trying here is the former New Zealand Prime Minister at the United Nations saying that that words are weapons of war right weapons of war if so if you say something against the government that all of a sudden becomes a weapon of war and again this has escalated it is escalated to the point where the UK Parliament has asked rumble to demonetize Russell Brand who's a very popular content creator who goes against the legacy corporate media's narratives right and it kind of embarrasses them so what are they doing they're attacking his money they're saying rumble okay they can't they've tried to deplatform people before they've gotten a lot of pushback so what they do instead is that they attack his pocketbook obviously YouTube complied they demonetize Russell Brand's content but rumble said no we're not doing that so love that of rumble we're on rumble we support rumble that's awesome but another thing that I want to say is that the allegations against rubble Russell Brand are just that they are allegations they have not been proven so something that has not been proven is a justification to shut off someone's living that is insane anyways let's check out this letter and this is a letter by part by the UK Parliament the specifically the cultural culture media and sport committee to the CEO of rumble Chris Palavoski who says dear Chris I'm writing concerning the serious allegations regarding Russell Brand in the context of of his being a content provider on rumble for more than 1 .4 million followers the cultural the culture media and sports committee is raising questions with the broadcasters and production companies who previously employed mr. brand to examine both the culture of the industry in the past and whether that culture still prevails today however we are also looking at his use of social media including on rumble where he issued his preemptive response to the accusations made against him by the Sunday Times and Channel 4 his dispatches while we recognize that rumble is not the creator of the content published published by mr. brand we are concerned that he may be able to profit from his content on the platform did you hear what they said the government is concerned that Russell Brand might be able to profit from his content because there was some allegations made against him conveniently a lot of Russell Brand's content is criticisms of the government so I mean big coincidence I guess you would you could say we would be grateful if you could confirm whether mr. brand is able to monetize his content including his videos relating to the serious accusations against him is so we would like to know whether rumble intends to join ryu tube in suspending mr. brand's ability to earn money on the platform we would also like to know what rumble is doing to ensure that creators are not able to use the platform to undermine to undermine the welfare of victims of inappropriate and potential potentially illegal behavior so they asked rumble to demonetize a content creator an independent content creator that's the key word when we had Parker Lewis on the show and I was talking about the legacy corporate media he didn't say no Nico it's not the legacy corporate media it's the legacy government media so anyways why is this happening I think Jeff Booth said this perfectly we read this to you guys the other day and this all boils down to the money this is why we say as Bitcoiners fix the money fix the world here's Jeff Booth he says because broken money Elon Musk said how did most of the legacy media go from superheroes of free speech to supervillains of speech suppression and Jeff Booth says because broken money ensures the centralization of power by stealing the productivity through inflation that should flow to society in the form of lower prices then those enriched by that theft and subsequent power must control the messaging to keep it but it all it wasn't only Jeff Booth that said this here's an article from our friends over at Bitcoin magazine of nine Bukele the president of the country shining on the hill the Savior El Salvador the first country that made Bitcoin legal tender the beachhead for the Bitcoin movement around the world he goes on to say the most vocal detractors the ones who are afraid and pressuring us to reverse our decision are the world's most powerful elites and the people who work or benefit from them they used to own everything and in a way they still do the media the banks the NGOs international organizations and almost all the governments and corporations in the world and with that of course they own the armies the loans the money supply the credit ratings the narrative the propaganda the factories of food supply they control international trade and international law but their most powerful weapon is their control of the truth and they're willing to fight lie smear destroy confiscate print and do whatever it takes to maintain and increase their control over the truth and everything and everyone I think come from Nico or simply Bitcoin that came from the president of El Salvador name Bukele so what is happening here two things are happening here thing number one the internet has empowered individuals and those individuals can now use the internet to uh to grow these massive platforms themselves and because they're individuals they're a lot harder to co -opt and at the same time we are witnessing the distance remediation of money that internet has allowed Bitcoin and Bitcoin has empowered individuals to choose their own money too so government states NGOs international institutions right that have had this privilege of having not only having the monopoly in the control over money but also the monopoly in the control over information it's quickly diminishing in front of their eyes and of course that system is fighting back they can't take that they've been used to operating in a system where they've been able to control the narrative they've been able to control the truth and that is slipping through their fingers and they don't know what to do and that's why they're short -circuiting the way they are that's why we've gotten to a point where the UK Parliament is literally asking a platform to D monetize an independent content creator not to mention all the stuff that was revealed during the Twitter files where it was exposed that the US government even though that is explicitly against the US Constitution the government should not be censoring speech was asking Twitter to D platform D boost and censor certain speech and these are the same governments that also want you to trust them with central bank digital currencies and they expect you to believe that they're not going to use central bank digital currencies as a weapon as a forcing function in order to control your actions as a individual and this was all predicted I might add in the book the sovereign individual which we'll get to during the new segment but this is some crazy times now what can you do to protect yourself in this particular situation do your own research pick what information sources you choose you you want to choose I love Twitter because it's like a news aggregator and the the news that you know pops up pops up Noster is a great platform rumbles a great platform YouTube is is good to do your own research don't rely on a single information source and then most importantly the most empowering thing you could do is to opt out of state money opt into Bitcoin I think that's the most powerful thing you could do look the most important the most important vote you can make that voting for a Democrat or Republican it's not to say that it's not important to vote but the most powerful vote that you can do that will actually change things is voting with your wallet opt out and the way that you do that is you buy Bitcoin earn Bitcoin mine Bitcoin and take that said Bitcoin into self custody the moment you do that you're part of the peaceful Bitcoin revolution whether you are aware of it or not and that is how we win if enough people take self custody we win and there's nothing they could do about it speaking of self custody we have the head of customer experience with us today Bitcoin QA and you guys make it super fucking easy to take self custody with the hardware wallet that you guys make and not to mention the awesome application that you guys make so Bitcoin QA what's your take on this whole Russell brand stuff I can't believe we've reached this point if I would have been told this five five six years ago I would have said that's impossible there's no way that's that that's so ridiculous what's your take on all this yeah before I enter you I've just got to say that was one hell of a fucking monologue I take my half to you that was fantastic yeah kudos and yeah the whole Russell brand thing man just completely shocking another example yet another example of government overreach Russell brands been a thorn in the side of the UK government if you can't tell by the action by the way to anybody's listening that I'm from the UK and he's been a thorn in their side for years and he's a very well educated man he's very well spoken and he has drawn a lot of following by speaking out against money printing against government policy he was rabid about the whole covert thing pharmaceuticals getting rich because of you know yeah you know all of the corruption that went on over those couple of years and I see this recent letter as that them seeing the opportunity as they're into trying you know get one back on him you've touched on earlier that the fact that all of these are just allegations at the moment and the fact that they're going around trying to take money off him from you know he's not been convicted of anything at all that's not see won't be but right now they're just allegations and they're trying to take his money off him it's just completely shocking and they're just trying to lash out because he's been a pain in their ass royally for years so yeah I mean they're just they're just overreaching and leveraging their powers wherever they can just to kind of deep platform and then hurt his wallet as well unfortunately yeah 100 % they attack his money they attack and again like they attack his money and they're also like hey guys these CBDCs like we'll respect your privacy you could trust us what are you talking about anyways Opti what's your take well I actually I kind of want to ask Q &A question because there is some talk about this in the chat what's your thoughts on Russell Brand being like controlled demolition Q &A whoo how do you mean like basically that this is like an orchestrated attack you know once everyone's talking about this maybe Russell Brand isn't necessarily as much of a truth speaker as people are making him out to be like does he actually believe what he's saying or is this just kind of one of those things where you know you create a figure and then you kind of tear him down to discredit the whole movement in general the whole truth movement yeah possibly I think I think most of what he says is genuine he before he started doing all of the YouTube stuff like he was he was a you know some form of a celebrity he had a big following and could have monetized himself as a product in many many other ways by coming out and being as outspoken as he has against the the prickly topics of like money printing and you know COVID etc he must have known you know he's smart enough to know that would have been incredibly divisive to people that followed him so I lean towards the fact that he's genuine and the fact that they're probably gonna try and use him as a scapegoat to warn ward off other people that kind of speak out against any government policy etc etc yeah I'd agree I mean like especially considering what his status was it's hard to follow the incentives and be like yeah he's got a lot to gain from this when in reality he's on the verge of losing everything so I'd agree with you and then just kind of going back to the beginning of this rant and and people are saying epic daily Nico Jones rant today so good job Nico I like when Nico gets get animated remember growing up guys when I grew up I had a saying and I'm sure your mother told it to you as well and we all probably said it in kindergarten you know sticks and stones but words may never hurt me and now we grow up in a world where words are violence like what is going on guys and that's a convenient it's a convenient way I know Nico I was getting there I'm asking rhetorical questions on the show now okay I'm learning some Nico Jones tactics but as we know guys as we know guys you know if you can stop words from being said then you can stop thought and if you can stop thought then you can ultimately stop behavior and this is where they're going they want to ensure that you guys sell censors so that you guys don't lose everything and this is where we are guys that they are absolutely afraid of people speaking the truth they're absolutely afraid of the average person waking up and exposing all of their lives because that's all they have they have lies and favors and they have the monopoly on truth as we think now is more important than ever to speak your minds to make sure you're having these conversations to as the saying goes you know speak truth to power and all that good stuff because there's been a constant theme throughout 2023 or actually rather since 2020 basically is that if your voice is too big and you talk against the establishment then the powers that be will do anything they can to put you back in line and whether that means you know breaking your reputation taking all your money dragging you through the court of public opinion we know what their tactics are and if you're following along closely then you know what the playbook is and it's almost like they're doing the same thing over and over and over again but I think the silver lining of this is that it seems like their playbook isn't working as well as it used to which in some sense should be absolutely terrifying because then they're going to go to even more extremes and you know I'm not gonna say what everyone's thinking but it's gonna get crazy guys and so I think it's just becoming very very clear that as an individual just even a normal person that doesn't have a platform like you want to do whatever you can in your power to protect yourself and hence why we always say that it always boils down to the money guys so protect your money protect your livelihood by taking your Bitcoin into self -custody by saving in Bitcoin and because remember guys this is always about theft they want to take your wealth and put you back in your place and then distribute it and make everyone feel good and we're seeing this happen in real time and it isn't lost on me that this is done via a letter you know it's just like hey how nefarious can a letter be but if you're reading in between the lines then you know how nefarious this letter actually is and that this is a coordinated attack on someone that's talking against the establishment and if people like Russell Brand you know say what you want about him but if people like him can't speak about the truth and they also get run through the grinder like imagine what would happen to an average individual like there's no hope for us if people of that stature can't talk about what's actually going on in the world and hence why it's so important to continue to double down on independent content creation spreading the truth talking about all this stuff because this is all we have we have the truth on our side and as the saying goes you know the truth will set us free so just just don't be afraid you know be brave but also be smart out there and the best thing you can do is just protect yourself and protect your money protect your family and I think as more people do this then the world will slowly but surely start to fix itself anyways you know amen we'll see what happens amen preach brother all right everybody let's get to the news we got a lot to talk about today let's check it out no no no no no no before we do that before we do that I have to give a shout out to our awesome sponsor Bitcoin 2024 it's gonna be the largest Bitcoin conference on planet earth it's gonna be in Nashville Tennessee it's not gonna be in Miami this year July 25th through the 27th 2024 you definitely want to get your tickets quickly before the prices go up for a GA it's 349 for an industry pass it's 849 for a whale pass it's four thousand seven hundred forty nine Opti and I are gonna be there it's gonna be awesome check out Bitcoin 2024 in Nashville Tennessee the year of the having Opti and I are gonna be there some other simply Bitcoin members are gonna be there it's gonna be awesome use promo code simply to get a 10 % discount on the already discounted tickets to Bitcoin 2024 all right now let's hit the news the daily news I want to give a shout out to our sponsor foundation devices it's self -custody done right they built a premium grade hardware wallet called passport right here in the u .s.
Simply Bitcoin
A highlight from Robert Kiyosaki: Buy Bitcoin NOW, Before Market Crash | EP 828
"Yo, welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution, we cover breaking news, culture, and medic warfare, we will be your guide through the separation of money and state. Robert Kiyosaki, he is the author of Rich Dad Poor Dad, it was one of the most influential books that I read in my professional career, in fact it was one of the first books that I read in my late teens, early 20s, I dropped out of college so I took the non -normal path, the path where my parents are like, you're never going to make anything of yourself, and that book was a big inspiration for me, it motivated me and it really kind of changed on my mindset what is money, what is entrepreneurship, what is wealth, so I highly recommend that book if you haven't read it, and the reason I'm talking about this individual today is because he's pretty base, he likes Bitcoin, he likes Bitcoin a lot, and he tweeted something, something actually that he's been tweeting for quite a while, and essentially what he's saying is, you better get yourself some gold, you better get yourself some silver, obviously I don't agree with the gold and the silver, it's not that gold in itself is bad, I just think that the gold market is captured because of gold centralization, because of its physical characteristics it leads to a lot of people cussing their gold, and I think that inevitably leads to rehypothecation, that inevitably leads to manipulation. So, yeah, I think Bitcoin is the insurance, but most importantly, if this news was just on itself, you would say, Niko, this is a bunch of noise, what does it matter if another person is saying to buy Bitcoin? Well you guys know the deal, what we do here at Simply Bitcoin, connect the dots, remember all the people that are saying, buy Bitcoin, the other day I think it was yesterday's episode, you had Jordan Peterson, so you have another influencer, you have another person who has a huge following, who's the author of a very, very famous book, Rich Dad Poor Dad, it's a very influential book, also saying the quiet part out loud, buy Bitcoin as insurance, get on the life raft, so that is awesome, we're gonna talk about that today, and also in the European Union, European Union passed DAC8, and essentially what that would do is it would force crypto service providers to report all transaction information on EU clients, which is something very, very similar to the Elizabeth Warren bill that we covered on yesterday's episode, so yeah, we covered Jordan Peterson on Monday, we covered the Elizabeth Warren stuff yesterday, so you could see where all these countries, the direction that all these countries are heading, as the separation of money and state accelerates, and the nation state tries to maintain that privilege, the privilege, the control of money, the monopoly over money, but I don't think you can stop an idea whose time has come, so they're gonna have a very, very hard time stopping that, I'm very excited for today's show, it's Wednesday, we're halfway through the week, it's time to bring up my legendary co -host, who is literally smiling and laughing, this is Ati all the time, how you doing brother, what's up? I'm doing great, I'm just laughing at you, because like hey, you know, I was joking before the show, I was like okay, let's just get the show done, and you're like, I live for this stuff, this is what I do, and it still works, but we love to do this man, and yeah, to your point, you know, I remember reading Robert Kiyosaki's Rich Dad Poor Dad, my early days right before I found Bitcoin, and it was definitely one of those defining books in my life that, you know, I think I've come a long way since then, but it was one of those books that definitely got me reading, or at least thinking about money correctly, anyways, on that point, last week we had a kneel on, and someone asked, what are some of the Bitcoin fundamentals, and so I went on my Noster yesterday, and I asked people what they thought are some Bitcoin fundamentals, and shout out to Darth Coin, our simply Bitcoin Telegram group moderator, and he gave me one of his articles, so I'm gonna use that as a jump off point, so hopefully some new people that are in the chat, I saw someone say they just got their first, you know, their first Bitcoin, they just started stacking, so you know, we're new people in the Simply Bitcoin YouTube that maybe aren't as familiar with everything that we know, we're trying to get them on board, you know, I know you guys, I can hear you guys saying, you know, Opti repeats himself so much, but hey, we're trying to get everyone on the same page, not everyone understands as much as you do, and as I jokingly say all the time, I think I've forgotten more about Bitcoin than I remember, but all you need to remember is, stack sad, stay humble, stay solvent, take your Bitcoin off the exchange, keep it simple guys, so we're gonna kind of get back to some fundamentals, give you guys some, as Darth Coin says, some Bitcoin commandments, and we'll kind of have a little chat about that, I'd like to get, or pick Niko's brain about what he thinks are some of the fundamentals as well, so we got a good show, I think actually it's gonna be a fitting show with the Robert Kiyosaki news as well. Robert Kiyosaki man, it's absolute legend, love, love his work, love the book that he wrote, also guys if you're enjoying the show, help us break 100 likes within the first hour, I think yesterday, or the day before, we broke 200 likes, so if you're watching the live stream right now on Rumble, YouTube, Twitter, make sure to smash that like button, also join Simply Bitcoin's Telegram group, it's absolutely free, we're almost, we're about to hit a thousand people in there, so just go to t .me slash simply Bitcoin TV, join it, it's a party, you can tag Opti there with some memes and he'll feature them on the show. Alright everybody, no more delay, let's jump straight into the numbers, we got a lot to talk about today, let's check it out. The Bitcoin Numbers Is your Bitcoin and cold storage really secure? Is your seed phrase really secure? Stamped Seeds Do It Yourself Kit has everything you need to hammer your seed words into commercial grade titanium plates, instead of just writing them on paper, don't store your generational wealth on paper, paper is prone to water damage, fire damage, you wanna put your generational wealth on one of the strongest metals on planet earth, titanium. Your words are actually stamped into this metal plate with this hammer, and these letter stamps, and once your words are in, they aren't going anywhere, no risk of the plate breaking apart and pieces falling everywhere. Titanium stamped seeds will survive nearly triple the heat produced by a house fire, they're also crush proof, waterproof, non -corrosive, and time proof, all things that paper is not, allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. Alright guys, I literally made it easy for you guys, scan the QR code on your screen with your phone, it will take you directly to the stamp seed website, you can use promo code simply to get 15 % off anything on the stamp seed website, store your generational wealth on fucking titanium bro, titanium. Anyways, the Bitcoin price at the recording is 27 ,155, sats per dollar, 3 ,683, block height 808 ,601, blocks to halving 31 ,399, halving estimate April 21st, 2024, total lightning network capacity 4 ,829 Bitcoin, capacity value 131 million US dollars, realized monetary inflation rate, inflation 1 .75%, continuing to take fiat currencies to absolute school, market capitalization, 529 billion dollars with a B, Bitcoin versus gold market cap 4 .09%. In the grand scheme of things, Bitcoin is still a tiny little baby. Anyways, something to point out, something very interesting, which is the Bitcoin versus gold market cap. That will continue to go up if Bitcoin reaches the gold market cap, that is 500 million dollars sorry yes, 500 ,000 dollars per Bitcoin, rough estimate. So and we all know that Bitcoin is better than gold because of its physical characteristics. Again I know a lot of people that like gold in the chat and I appreciate you all and I'm a fan of gold too, gold bar like physical gold I'm a big fan of but problem is that most people don't like they don't they don't buy physical gold, they buy paper gold. That's the issue right? With Bitcoin you know it allows you to take self custody of your Bitcoin extremely easy, you know you don't have you don't have to wait for it to get physically mailed to you. If you go to El Salvador where Bitcoin is legal tender and you go to a McDonald's you know you could pay with your Bitcoin because Bitcoin has a bunch of decimal places you know it's divisible it's goes through the internet if you use lightning network it's instantaneous you know the main chain writes roughly 10 minutes settlement but you'll still see the transaction immediately.
CoinDesk Podcast Network
A highlight from UNCHAINED: Zeke Faux's Crypto Adventures and His Relationship With Former FTX CEO SBF
"Hi, everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor, Forbes was the first mainstream media reporter to cover cryptocurrency full -time. This is the September 19th, 2023 episode of Unchained. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. The game has changed. The Google Cloud Oracle built for layer zero is now securing every layer zero message by default. Their custom end -to -end solution sets itself up to bring its world -class security to web three and establish itself as the HTTPS within layer zero messaging. Visit layerzero .network to learn more. Arbitrum's leading layer two scaling solutions can provide you with lightning fast transactions at a fraction of the cost, all while ensuring security rooted on Ethereum. Arbitrum's newest addition, Orbit, enables you to build your own tailor -made layer three. Visit arbitrum .io today. Buy, trade, and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code laura. Link in the description. Today's guest is Zeke Fox, author of Number Go Up. Welcome, Zeke. Hey, thank you so much for having me, Laura. Yeah, I'm excited to chat. You just came out with your book, Number Go Up. Congratulations. Tell us what it's about. Number Go Up. I've started out as it's my the story of like the two years I spent going down the crypto rabbit hole. And when I started out, I was just kind of curious and skeptical. And I was arguing with my friend about the reasonableness of a betting on Dogecoin. It's like the height of the pandemic. And I don't know, I got kind of sucked into investigating crypto. Two years later, I was cut to I'm in the Bahamas, going to Sam Begman Fried's penthouse just before the cops showed up interviewing him about the collapse of FTX. And so you said that this was your period of going down the crypto rabbit hole. What had you been doing before? So I've been an investigative reporter for Bloomberg for a long time. And at Bloomberg, I generally write about kind of the shady side of Wall Street. So I'd written exposes of predatory lenders, penny stock scams. One of my favorites was about a Patriots fan who stole the New York Giants Super Bowl rings after the 2008 helmet catch game. So I'd always been looking for like wild stories to tell in this world of business and finance. But I kind of resisted crypto as a potential topic. I just didn't really see it as like, I mean, you're going to laugh at me now, but I just didn't really see it as like a good target for an investigative reporter. And it wasn't because I thought crypto was like the future. It's just like this may be hard to believe if you're like a big time crypto guy, but actually maybe not because I'm sure you talk about it with your family and everybody. But like outside in the traditional finance world, a lot of people are so skeptical about crypto that they were like investigating a crypto company and finding out something bad about it, you wouldn't find anything surprising. I don't even care about that story. But what I realized was that my first crypto conference was Bitcoin 2021 in Miami. And I showed up there and I just met, I realized there were so many crazy characters in crypto. There were so many people that I'd love to write about. And I'm like, these are the kind of people who I need to get to know. One of the first people I sat down with was I met Sam Bankman -Fried there. I met Alex Mashinsky of Celsius, who was very prominent there. I had Michael Saylor saying all sorts of crazy things about Bitcoin. And I came back and I told my editor, like, I was wrong. There's all sorts of weird stuff going on in crypto. This would be a great topic and it'll be, you know, it'll be a long time before. There's too many stories to choose from. Yeah. Yeah. And it's funny in terms of the years that you, quote unquote, went down the crypto rabbit hole. Those were two of the craziest years and in a way, like some of the more unusual years of crypto, I would say. Just so before we dive into, you know, the different escapades you underwent in your book, you mentioned earlier that you were both curious about crypto, but also skeptical. So, you know, before we dive into what you were looking into, I wanted to hear your overall take on crypto. You know, when you say you're a skeptic, how much of a skeptic because there are some people who are skeptics and they completely dismiss crypto, but I didn't get that feeling from reading your book. I'm sort of like a skeptic in general. I'm skeptical of everything. That's why, like, I'm an investigative reporter. So if somebody tells me, hey, like Alex Mashinsky did, hey, I'm going to pay 18 percent interest. And if you want a loan from me, I charge like as low as zero percent. This is like in the world of traditional finance, a very backwards business model. When you say something like that to me, I'm going to say, yeah, I'm kind of, can you provide some evidence, like what, how are you investing your money? How does this how does this make sense? But I tried to keep like an open mind. And the question I was always asking was, what does your product do when I meet crypto founders? Can I see it in action? Can I talk to your users? Is it being used in the real world somewhere? That's one of my favorite questions, because as a writer, it's hard to write about things if you can't see them being used. And so that took me to El Salvador to see the Bitcoin experiment there. But it also took me to Ape Fest to see what it was like to be a member of the Bored Ape Yacht Club. And I was pleased I got one of the first reviews for the book the other day from Jeff John Roberts in Fortune. And he's, I think, feels fairly positively about crypto. He thought that my take on crypto was a little shallow, but that the book was so funny, he didn't care. And I'm like, you know what? I'll take that. I think we can all enjoy reliving these last two crazy years. And like whatever your take is on crypto, like there are crazy things that happened that we have all just like so much has happened. There's no way to like remember it all. But I have done the work of writing it down so you can go read it. Yeah. Yeah. No, it was definitely it covered the range of events. But let's actually talk about one of the main through lines. And I believe, you know, correct me if I'm wrong, that this was actually meant to be a book about Tether. And because I remember like a long time reading that it was coming out and I think that's what it said. And you kind of keep saying this to yourself that you keep saying it yourself in the book that, you know, you're getting these tips about Tether and you're trying to investigate them. You keep coming up against these dead ends. So before we go into all that, why don't you at least just tell us, so what do you feel were your main findings about Tether and like what were you trying to resolve? So probably old for like most people listening, but Tether is a big stable coin. Each coin is supposed to be worth a dollar because each coin is supposed to be backed by real dollars that are held in a bank somewhere. And I when started out, I wrote like a story for Businessweek about Tether. That was sort of the start of this project. I always thought as kind of like a good jumping off point, I pitched the book as like, this is the craziest financial mania we've ever seen in the world and it's not going to last. And I want to be there to chronicle it. And I see this like interesting central mystery that is going to like take me through. And that was Tether. At the time when I started, Tether said that they had, I think it was around 50 billion dollars in the bank. It was weird because on the one hand, it was pretty widespread to be, and correct me if I'm wrong, if I'm describing what crypto people think, because you probably know better than me, but like even people who are pretty into crypto in when they were talking to me, they'd be like, yeah, I'm not so sure about their assets like this. I don't know what's going on with Tether. This is like a good question to be asking. And it was being asked at like the highest levels of the U .S. government. Like Janet Yellen called a meeting of all the top financial regulators and the topic was like, what's going on with Tether and like, could this affect the world And I just thought it was a little when I started looking into Tether and I saw that, you know, among its co -founders was a child actor from the Mighty Ducks. I was just like, what is this in that the company I write in the book, the company was quilted out of red flags, like in the world of traditional finance, you did never you would never find a company with so many weird things to look into. And yet here it was like at the center of the crypto world. And I just thought it was it was funny to me that the heads of state were discussing this coin that was like dreamed up by a child actor from from the Mighty Ducks. And I was like, this is my kind of mystery. I want to dive in. I'm going to try and find Tether's 50 billion dollars. I see. So, you know, as we mentioned at different points in the book, you do talk about how you feel like you keep coming up against dead ends in your investigation. So what's your conclusion about that fact? Like, do you think it means that concerns about Tether are overblown? Does it make you more convinced that like the company is just really hitting everything really well or like what are your thoughts? Right now, Tether has only grown bigger. Midway through my reporting, I found that Tether had invested a lot of its assets into Chinese commercial paper. And there's kind of like this conflict of interest at the heart of Tether's business model, which is that if you give your money to Tether, you want them to keep it really safe. So it's there when you go to cash in your Tether tokens. But Tether doesn't pay any interest in the way that Tether makes money is they can take the money that you trusted them with and they can go invest it. And so there was this theory that especially when interest rates were very low, they might be doing weird things with your money in order to earn higher profits. And that so I found that they were doing some unusual things that included the Chinese commercial paper and also making loans to crypto companies like Celsius and others. So to me, that seemed like that's kind of risky. What's going to happen there? And as I followed along in the summer of 2022, like crypto companies fell one after the other and Tether did not. And there was even like a little run on Tether where users cashed in, I don't know, five, 10 billion dollars of Tether. And I'm sure if those people did not get their money back, like we would have heard about it. Right.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1403: This Will Send Bitcoin to $1,000,000 - Max Keiser
"In today's show, I'll be breaking down the latest technical analysis, as well as breaking news just in. The former SEC and Federal Reserve Bank of New York, Norman Reed, announced as the new CEO of Binance US? Like, what? Serious? We'll also be discussing the latest from Max Kaiser, who recently shared, we helped boost El Salvador's bonds 90 % this year. We can help Javier Malay escape the IMF, central banking terrorist, and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. Let's go. He also says that President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy and universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukelenomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. Can't freaking wait. Also breaking news, Mark Cuban loses $870 ,000 worth of Ethereum in his MetaMask hot wallet with a hack. Rough. Also in today's show, Gemini legal team accuses DCG, the digital currency group of gaslighting Genesis creditors. We'll also be discussing BitGo and Swan unveil plans for a Bitcoin -only trust company. That's right, the trust company will target institutional investors in the United States as asset managers line up for the Bitcoin spot ETF. Send it. We'll also be discussing Bitcoin price all -time high will precede the 2024 halving according to this latest prediction by Bitcoin. Quitting him here, no, Bitcoin is not going to top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per Bitcoin. I'll also be sharing the latest predictions from Max Keiser with the Bitcoin price action I recently transcribed his most recent interviews. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1403. I'm your host JV, and it is stat stacking Saturday. So let's get it. It's September 16th. So you already know we're halfway through the September before October. So let's bring it. Let's start with our market watch. As you can see here on the screen, we're back in the green. Bitcoin up a half a percent for the day trading back above 26 ,500. We also have Ether trading above 1600. And checking out coinmarketcap .com, we're sitting just above that trillion dollar milestone with roughly 22 billion in volume in the past 24 hours. Bitcoin dominance is 48 .9%, and the Ether dominance is 18 .6%. And checking out the top 100 crypto gainers of the past 24 hours, TonCoin leading the pack up 17 .5 % trading at $2 .42, followed by ThorChain up 9 .5%, trading at $1 .91, followed by Flow up 8 .5%, trading just above 46 cents. And checking out the top 100 crypto gainers for the past week, we have a sea of green, which is a beautiful omen for the altcoin market. We have coins such as TonFlow, Rune, and Ave all pretty up between anywhere from 8 to 13%. And yeah, so there you have it. How many of you are currently bullish on the king crypto, and how many of you are anticipating a further dip? Let me know your insights. And at the end of the show, I'll be reading everyone's comments out loud as we do each and every day in the Q &A session. Now, let's dive into some technical analysis from Glassnode, one of my favorite analytics platform. The past few days have been relatively positive for the price action for the king crypto, which has been increasing since Tuesday, September 12th. At the time, Bitcoin is sitting just above 25 ,600. Now in this prediction, the co -founder of the popular crypto analytics resource, Glassnode, outlined that the US CPI jumped by 0 .6%, which led to some fluctuations of the Bitcoin price. And indeed, the core CPI, which excludes more volatile sectors such as food and energy by design, has noted a yearly increase of 4 .3%. But interestingly, the CPI itself clocked in at 3 .7%, while the estimations were for it to be 3 .6%. So initially, the news didn't really have any impact on the price, which beyond the expected initial turbulence, settled at where it was trading just before that. So here's some price predictions coming from the Glassnode co -founder. He pointed out that crypto reclaimed the support above 26 ,000 and is now eyeing a potential break beyond 27 ,000. This would help it escape a multi -week range. He went on to share, risk signals nose dive into the 60s around ,400 27 and 28 ,200. But this climb seems poised as a step before tackling the psychological barrier at $30 ,000. So there you have it. Let me know if you agree or disagree with the analysts. And are you currently more bullish or bearish on the King crypto for the short term? Please do let me know. And breaking news just came in before I went live. And I'm like, it's hard for me to even accept this, but this is what it says. Former SEC and Federal Reserve Bank of New York, Norman Reed, is announced as the new CEO of Binance US. You can't make this stuff up. Folks, what is the SEC doing? Now, Max Kaiser recently tweeted, I'm sure you know, there was a Tucker Carlson interview with the pro Bitcoin presidential candidate of Argentina, who's currently winning the polls for the presidency. And fantastic, almost 400 million views within the first day. Max went on to share, we help boost El Salvador's bonds 90 % this year. Facts. We can help Javier Malay in Argentina escape the IMF central banking terrorists and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. So the million dollar question, do you think Max Kaiser will orange pill Javier Malay? I sure hope so. He even recently tweeted here, President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy in universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukele -nomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. And quoting El Salvador's fearless leader, Bukele, old ideas and institutions crumbled and a new generation is called on to remake the world based on the human right of financial freedom. Preach. Now, Max also shared in regards to this headline, Janet Yellen says Ukraine aid is the best boost for the global economy. Now this is hilarious and also sincere at the same time. Bitcoin monetizes war and violence by being finite and uncomfortable as this ugly, what? Illustrates money monetizes war by violence by turning humans into disposable garbage central bank Ponzi scheme. Preach Max Kaiser. Greatly appreciate all the work you're doing. You're truly doing God's work. You and Stacy's a massive shout out. Now let's discuss the latest with the hack from Mark Cuban. Now this is alarming, but at the same time, it's Meta Mass. I've been telling you guys to stay away from the Meta Mass wallet for quite some time. And also they didn't hack Bitcoin. They hacked Ethereum. I personally don't trust Ethereum or Meta Mass. So interestingly enough, so to read this story, let's break this down. Check this out. Nearly $900 ,000 worth of Ethereum was reportedly drained from one of the hot wallets belonging to investor in Dallas. Mavs owner, Mark Cuban, the man that once said Bitcoin has no intrinsic value and that bananas are more valuable. Yeah, right now, independent blockchain sleuth was the first to spot the hack September 15th at around 8 PM. So that was last night after they highlighted suspicious behavior. What one of Cuban's wallets that the 65 year old had an interacted with for roughly five months as he shared here on X LMAO did Mark Cuban's wallet just get drain wallet inactive for 160 days and all of the assets just moved. And according to the transaction history on Etherscan, several batches of assets such as USD coin, USDC tether, and Lido staked Ether were suddenly withdrawn from the wallet within a 10 minute window. Now adding complexity to the matter, another 2 million worth of USDC was also withdrawn and sent to a different wallet, leading Woz to suspect that Cuban may just be moving some assets around. However, a few hours later, Cuban confirm to DL news that he had gone on metamask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for the moment to pounce. Cuban added that he had transferred any remaining assets to Coinbase custody, essentially confirming that the $2 million worth of USDC transaction was indeed him. But in terms of the hack, members of the community were quick to point out that the opposed to the hackers watching Cubans activity, he must have done something that led to the security breach. Some suggested that Cuban may have mistakenly signed a malicious transaction while others asserted his private keys were compromised given that the funds were directly transferred out of his wallets. What do you guys personally think chat? Please let me know in the comments below. This is not the first time Cuban has been taken a hit on the crypto market. Back in June of 2021, Cuban Lawson unspecified amount of capital on what he called a rug pull after the algo stable project called iron finance imploded amid a supposed bank run. So there you have it. Mark Cuban has a bad track record in crypto. Just pointing out the obvious fam, how many of you guys think that it was a legitimate hack? Let me know your thoughts or how many of you think he maybe have just moved it around and don't want to claim it. Who knows? I mean, there's infinite possibilities. No one really knows, but I'll be keeping you posted with the latest developments. We all know Mark Cuban is a multi -billionaire. So obviously a $900 ,000 loss is not going to affect him. He's not going to lose any sleep over it. But what if you were to get hacked worth of $900 ,000 of crypto? So again, red alert, be very careful with wallets such as MetaMask. Just saying. Now for the latest between the digital currency group in Gemini with the ongoing saga as it continues, lawyers representing Gemini Trust have pushed back against the plan proposed by DCG for the creditors of Genesis Global in the filing yesterday, September 15th in the US Bankruptcy Court for the Southern District in New York. New York, where you at? The legal team accused DCG of gaslighting Genesis creditors through contrived, misleading and inaccurate assertions and a recovery plan. Now the plan filed in Bankruptcy Court September 13th, three days ago, claimed unsecured creditors could have a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies, while Gemini earned users would expect an approximately 95 to 110 % recovery for their claims. This seemed like a red flag when I initially read the story. I'm like, how are they going to get back 110 %? Does that make any sense? So now I'm starting to understand maybe they were gaslighting. What are your thoughts, chat? According to the legal team, DCG was attempting to bait the Gemini lenders into accepting the deal that would allow the company to pay less than it allegedly owed. Lawyers called on the firm to significantly improve the terms of the loans provided to Genesis and not use Genesis' bankruptcy proceedings to cover for justifications of the recovery plan, quoting them here, to distract the Genesis creditors from the inconvenient facts of its facially inadequate and inequitable proposal, DCG touts proposed recovery rates that are total mirage, misleading at best and deceptive at worst, said the filing yesterday, September 15th. Make no mistake, Gemini lenders will not actually receive anything close to the real value in terms of proposed recovery rates under the current agreement. In principle, so a bunch of more shenanigans, to say the least. The legal battle involved entanglements with crypto exchange Gemini and DCG over the Gemini Earn program. How many of you have lost crypto from Gemini Earn? I'm curious. Please let me know in the chat, fam. Financed in part by Genesis, Genesis halted withdrawals as we know November of 2022 in the wake of the FTX collapse, citing unprecedented market turmoil at the time and filed for bankruptcy later on in January of this year. According to the court filings by Gemini, Genesis owed more than $3 .5 billion to its top 50 creditors at the time of their Chapter 11 bankruptcy filing. The crypto exchange filed the claim in May, aimed at recovering more than $1 .1 billion worth of assets for roughly $232 ,000 Earn users and filed a lawsuit against DCG and their CEO, Barry Silber, in June alleging fraud. Barry was not the only architect and mastermind of the DCG and Genesis fraud against the creditors. He was directly and personally involved in perpetuating it, said Gemini co -founders Cameron and Tyler Winklevoss back in June. The US SEC filed a civil suit against Gemini and Genesis in January for allegedly selling unregistered securities through the Earn program. The two firms filed a motion to dismiss the case in May, but it is still ongoing at this current time. How do you think this is likely to play out? I just hope that the investors get their money back as they deserve because we all know with lawsuits, the biggest losers are always the investors. The biggest winners are the lawyers and the courts. That's just facts. So we'll see how this plays out as well. And again, they're attacking and going after all of the yield programs for crypto with Gemini Earn being a pretty large one. Why? It undermines the banks, right? If you can earn a five or 10 % yield putting your cryptocurrency on their platform, it basically tells you that why would you even waste your time with fiat currency in your bank when you're losing more than the actual appreciation of interest because the interest is virtually nothing while you're losing 20 % in inflation on an annual basis. It just makes no sense. So it seems if I had to guess, that's why they're attacking all of these yield programs. But what are your thoughts, chat? Please do let me know. I'm going to read those comments out in a little bit. Now let's discuss the latest with Bitcoin Trust. That's right, BitGo and Swan unveiled plans for their Bitcoin -only trust company. This is breaking news as well. The US may soon have a Bitcoin -only trust company according to plans disclosed by BitGo and Swan yesterday, September 15th. The joint venture is pending regulatory approval, the company said in the statement. Now I love the word joint venture because hey, JV, just saying. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of its beneficiaries. And according to Corey Clipston, CEO of Swan, the solutions intends to offer Bitcoin custody without the risk of having other altcoins under the same roof. As you know, Swan is Bitcoin -only and they're pretty much anti everything, not Bitcoin. Quoting him here, for years, we have heard from major clients, partners and other Bitcoin companies that they would prefer a Bitcoin -only software and services stack that is focused strictly on the best custody and leverages of Bitcoin's unique features. The companies are in contact with state regulators about the plans, but have yet to file regulatory approval. Clipston told Cointelegraph we're evaluating acquisition options first, he disclosed as he announced here through the Swan Bitcoin team on X. As part of our long -term vision to advance Bitcoin adoption, we're announcing a major step forward for Swan and the entire Bitcoin ecosystem. BitGo and Swan announced plans for USA's first Bitcoin -only trust company. Let's go USA. BitGo offers digital asset security and custody, supporting over 700 cryptos as per its website. And in contrast, Swan's business is fully dedicated to the king crypto, allowing users to only invest in Bitcoin via a one -time and reoccurring purchases, with custody of records held at Fortress Bank and Bakkt, while BitGo acts as a cold storage for Custodian. Now, didn't Fortress Trust just go bankrupt or get acquired by another company? Was it Ripple? You guys let me know in the chat. I know there was something major with Fortress Trust. Now, the new venture will target institutional investors such as asset managers, pension plans, and family offices, along with governments and company treasuries. It will offer cold storage, fraud prevention, anti -money laundering, and know -your -customer protocols, amongst other Bitcoin -related services. Institutional investors in the crypto space are at a fast -growing market in the US, especially as the world's largest asset managers seek regulatory approval, which includes BlackRock, the largest. For a spot Bitcoin ETF, we also have several large Wall Street players offering crypto custody solutions to institutional investors, which include the Bank of New York, Mellon, as well as Deutsche Bank, quoting them here. We believe there is a high likelihood that several ETFs are approved in 2024, and thus a new round of entrants to the Bitcoin market seeking mature, reputable, technology -proficient partners for a range of needs, explained the Swan CEO. The SEC delayed decisions on the spot Bitcoin ETF product. Analysts predict the regulatory regulator may postpone a decision until early 2024 as the deadline fast approaches, quoting them again. Our teams have worked closely together for nearly a year on stronger, qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin -only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption, noted the CEO of BitGo. So there you have it. I am curious, by a show of hands chat, how many of you have purchased or acquired Bitcoin using Swan Bitcoin, and how many of you are familiar or ever used BitGo? Let me know in the chat. Now let's break down our next breaking story of the day, and that's the Bitcoin halving, which should be on everybody's mind, because it's only six months out, estimated to take place sometime in April of 2024. Now guess what? What if we hit a new all -time high pre -halving, because that's what this prediction suggests. Let's break this baby down, shall we? Bitcoin has a $250 ,000 target for after its next block subsidy halving, but a new all -time high will come sooner. Let me know if you guys agree. That is the latest Bitcoin prediction from BitQuant, the popular social media commentator who sees a rosy future for Bitcoin. In his latest post on X on September 15th, synonymous central banker and Bitcoiner revealed a pre -halving target of 69 ,000. That's what makes this individual interesting. He is a central banker and a Bitcoiner. I didn't even know that was a possible combination, fam, just saying, but he wrote, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. Now Bitcoin has just over six months before the halving, the event that cuts the miner rewards, as we know, per block by 50 % every four years. Analysts argue that the resulting emission restrictions have a cathartic impact on the Bitcoin price performance, acting as something of a springboard in advance of Bitcoin seeing new all -time highs. But for BitQuant, the analysts, that alone is not bullish enough. Not only will Bitcoin beat its current record set in 2021, which we all know the current all -time high is 69 ,000, before next April, it'll go on to hit $250 ,000 per Bitcoin after the next halving cycle begins. That's what he says here. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024, and yes, the target price is around 250 ,000, which is outlined right here in the chart. Let me know if you agree or disagree with this crypto analyst, BitQuant. Now, market participants are highly divided when it comes to how the Bitcoin price action will play out into the halving and beyond. Some agree that the higher levels are possible by April, but plenty of conservative voices obviously remain, especially bears, right? Last month, Bitcoin investor and author Jesse Myers dispelled any idea that Bitcoin will be trading at six figures between now and then, and in a subsequent interview, meanwhile, Philby Philby, the co -founder of Trading Suite, decent trader, gave a pre -halving Bitcoin price ceiling of 46 ,000, quoting him here, assuming no Black Swan event, around 35 ,000 by the end of the year, and possibly as high as 46 ,000, sometime pre -halving in quarter one of 2024. So there, you freaking have it. And as he shares here, I'm going to read you his particular post on X coming from Bitcoin. Again, this is the central banker slash Bitcoiner. He says, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per coin. So there you have it, fam. Again, let me know if you agree or disagree with the analysts and where do you feel the Bitcoin halving, which is around the corner, is likely to take us. As you know, the two most bullish catalysts in the market, Bitcoin halving as well as spot Bitcoin ETF. I hope they both get approved and take place. We already know for certain the halving will take place, but there's a 95 % chance of the spot ETF approval in the United States, according to top ETF analyst, Eric Balchunes of Bloomberg. Now for the moment you have all been waiting for, the latest from Max Kaiser. I recently transcribed, actually today, his most recent interview in Bitcoin price predictions, very powerful words to share. So let's break this down. So first and foremost, he says, the world is a very different place and everyone will say nobody saw it coming, but it is clearly been brewing now for many years. And it's like every single day you can just see the catastrophe inching toward the abyss. You know, it's we're at the zero line preach. He also says it is a global fiat money game and you see different countries where fiat money regimes are collapsing in real time, right? Facts. Argentina, you know, the countries like this or like Lebanon recently had a complete collapse or a central bank collapse. That's right. And inflation is definitely an indication that your fiat money regime is in dire straits and inflation is breaking out in a big way. It is not going to return to where it was before this latest inflation break inflation and the collapse of fiat money is here. Now people are feeling it right now. And the quality of life all over the world is being impacted by it and it's being impacted in the United States. You know, people can't buy a home. People can't afford food. The economy is starting to ramp back up again. So it's playing out right now. And there is nothing that can be done to stop this inflation because the economy is completely out of control. So even the interest on the debt in the United States is now over one trillion dollars. So I think it is the biggest line item on the budget, bigger than the military. What we were told for decades was, oh, you know, it's trickle down economics or what you have, what not. I mean, and he goes on to share with Bitcoin. It's kind of the end of price discovery because everything will be priced in Bitcoin preach. eventually Everything goes to zero against Bitcoin. And so for someone like myself, who has been following this for 40 years, finance markets, technology, Bitcoin is the holy grail. It is the end all. I would say my compatriot in all of this is the one and only Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way that I think carries the torch from the Max and Stacey from 2011. He started buying it, I guess, when it was 10 or 12000 a coin or so in 2020 era. So we were from 2011 to 2020. I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital. I am surprised that more companies haven't followed his lead, giving up the break in inflation we have had exactly as Michael Saylor predicted, the melting ice cube, as he called it at that time, is exactly what happened. Well, I guess we can say now we're in a new era where BlackRock and those other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is now bearing fruit. Three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. I think all of that oil money will find its way into Bitcoin and be a huge catalyst for the prices. It is a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it is something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. And a lot of people are freaking out because of it, because it destroys the status quo. And a lot of people who have been waiting for it to come along have had the faith that humanity can be saved. They see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And you cannot, how could you not be interested in it? I think the people who were into it earlier and just walked away just never got it from the beginning. Once it's characterized as an asset class, we have nothing to do except position ourselves in this asset class. Either we are going to be a small position or a big position, but we cannot ignore it. We cannot not have a position. Now check this out. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referencing the 700 trillion dollar plus total addressable market. And he continues, so if we get into the 5 to 10 % range, then you start to really see it raise ahead to the seven figure type predictions that people have been making, including myself, because Bitcoin is an asset class preach. And on the flip side, we have what we saw in the gold market, which is the ability to control the price discovery and manipulate the prices. It's real through the derivatives markets. So the price of gold has been lagging inflation for 20 years because the governments around the world don't like gold making their fiat money look bad. That's right. So they make it easy for the huge funds to manipulate the price of gold and to scalp it, to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. That's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around world that are used to keep the price of silver down because governments don't want gold to race ahead and draw capital out of their fiat money scam into gold. He's preaching. Now with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically people can take delivery of gold on these exchanges, but there has never been an organized attempt to do so. We tried to do it a few years ago with crash JP Morgan, buy gold and silver because after the 2008 financial crisis, when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this huge multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear that if this short position was not covered, the price of silver could go to 60 to $70 an ounce, and it would bankrupt JP Morgan Chase. Take that Jamie Dimon. So we started this crash JP Morgan buy silver campaign, and we got the price of silver from $15 up to $50. So we got it up to $50 level. And then the Fed of course came in, they changed the laws overnight to make it possible for these banks to have and carry a much greater short position and silver. So they printed up a lot of paper, silver derivatives, and they stopped the run on their bank. And the price of silver went back down to $15 or so. So we've seen that it is possible to force capitulation in that silver market. But at the end of the day, because the ability to pull private keys is not like it is Bitcoin, I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. Now, I mean, he is speaking facts right here. Warren Buffett and his own words has said, derivatives are financial weapons of mass destruction. The central bankers are using it to manipulate the markets. That's what they're doing with silver. That's what they're doing with gold and precious metals. And Max makes a great point. They don't want the gold and silver prices to rise up. It undermines the US dollar. They're trying to keep a strong dollar, right? So that's why gold has been pretty stable at like $2 ,000 and unable to really climb much above it. I think it's been pretty stagnant virtually for the past decade. So with the dollar inflating from them continuing to print trillions of dollars, the fact that gold isn't just continuously going up, it proves that the market is manipulated. You also got to consider as well, there is no scarce asset like Bitcoin. Bitcoin has a finite limited supply of 21 million coins. Yeah, gold may be rare or scarce, but they dump a new supply every year into the market. They can control it. They could invest more into discovering more gold. As Jack Mallers pointed out, Elon could maybe discover more gold on Mars. Who knows? Bitcoin, you can't say the same thing. Bitcoin is perfect money. It's incorruptible. It's unconfiscatable and the list goes on and on. So if you had the choice to put your wealth somewhere, what asset class would you choose to put it in? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
ESPN FC
"el salvador" Discussed on ESPN FC
"He trying to get in round the back Ricardo papi. I'm straight into the back of the necks. Ricciardo Pepe gives the U.S. the lead just after the hour Orlando. Instant impact from Pepe. Good boy. America's live in underway here on ESPN+ long as I heard these Gomez. I'm sebi sala Sarge, around 9 42 on the east coast 6 42 out west and her we are coming to the good people are good Friends fans and viewers in the immediate aftermath of the United States facing off against out of the wearing Concacaf Nations League play. How are you doing my man after a very busy weekend around are part of the soccer world? I'm doing well. Nice refreshed energized. How you doing? You look better. Good. Good. I saw the tweet that you put up on social media. Making it look like I was sleeping before the show. I want people. I made it look like you were sleeping? I was buried in my phone doing it intense research. Okay. Okay, so we got lots coming in this show, obviously we are going to recap the United States against El Salvador, game that just wrapped up down at explore his stadium in Orlando. We're also going to be talking about Mexico, two two draw against Jamaica last night at azteca lots to discuss there. And then our good friend Jeff koop is going to be joining us. He's actually in Los Angeles. He was at both the angel city and San Diego wave games this weekend. So lots to discuss as the NWSL wrapped up its opening weekend last night. But as we mentioned, let's start with the highlights from the United States against El Salvador in Concacaf Nations League play. The T four. Who's that supposed to be? Beautiful force. Just a couple minutes in
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"Country, had the highest murder rate in the entire world. It is changing very fast though. I love this story. It's a miracle political program over the last couple of years El Salvador's murder rate has plummeted. Scurry into El Salvador's new mega prison, ordered to crouch down on the ground. El Salvador el Salvador and reborn. Simple
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"Dollars, realized monetary inflation, 1.76% and the market capitalization of Bitcoin, 430 $1 billion with a B and the grand scheme of things Bitcoin is still a baby. Anyways, 9 bukele posted a Montage of different media outlets all around the world talking about El Salvador. I think they're noticing what is happening there. I think it's an inevitability that they realize that a lot of these things that are happening are due to something called the Bitcoin effect. Now, I know a lot of you guys would say, look, you're absolutely crazy. And the reason I'm saying I'm so hell bent on this idea that Bitcoin has definitely played a role psychologically is because I know what Bitcoin has done to my life individually and I know what it has done to the people to the lives of the people around them, right? When you change to a sound money standard, all of a sudden your perception of the world completely changes. And I think that's exactly what is happening here. And I think it's just a matter of time before people start asking questions. Yes, 9 bukele, great policies. You can not deny it. It's undeniable at this point. But how much, how much does Bitcoin play into this? Is it a coincidence? And I have this question for you guys. I would like to believe it's not. Is it a coincidence that, you know, the year that they made Bitcoin legal tender, the GDP of El Salvador made a record growth of 10.3% going back to going back to 1966 when they started seeing what the GDP of the growth or the growth or the growth or shrink of El Salvador since 1966, I don't think it's a coincidence that they made a record number that never never has been higher. Since 1968, I don't think it's a coincidence that that happened the same year or the year after that they made Bitcoin legal tender. I don't think it's a coincidence that 9 bouquet managed to lower down the crime rate to all time lows, right? El Salvador used to be one of the most dangerous planet, a dangerous country on the face of the planet. I also don't think that's a coincidence, right?
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"Episode of simply Bitcoin livery number one source for the peaceful Bitcoin revolution of color breaking news, culture traumatic warfare. We will be your guide through the separation of money and state. Guys, crazy. It looks like the world is waking up to El Salvador boy oh boy, do we have a Montage for you guys today? Of different international media sources all around the world. This was a video clip from 9 bukele's Twitter account and they're all, you know, they're all noticing El Salvador and you know what? Kind of because we connect the dots on this show. We don't just read the news, right? Connect the dots a little bit about what max Kaiser was saying about the theory of the case that we've been saying that I don't think it's a coincidence that El Salvador has a government that is actually doing something for its people and they happen to be the first country that adopted a Bitcoin standard. I don't think that's a coincidence. But again, maybe it's too soon to tell, maybe I'm seeing things that are not quite there. But it sure does look like it. I mean, think about it. That's really big coincidence if that were the case, right? So anyways, we're going to play this clip for you guys during the numbers segment. I'm really, I'm really excited for it as well. Then some interesting news coming out Mississippi officially makes it which is like it's so ridiculous to say this, but Mississippi, Mississippi officially passed a bill called the right to mine Bitcoin bill in Missouri. But it was a unanimous unanimous 12 to zero vote. So that's good. And before I get to that, I want you guys to keep in mind what I said about El Salvador, right? And I'm going to read you a quote from a must read book from the sovereign individual. And I think that's exactly what we're seeing today.
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"I wanted to connect it with the op-ed from Bitcoin magazine because bukele explains it right then and there, how far a lot of these organizations to put it nicely, right? We'll go and what they will say in order to control the narrative in order to control the truth. My personal opinion is I think name bukele is doing wonders for El Salvador. I think Bitcoin has played has played a part in it. I think we'll see that more and more as time progresses, but this is just another social attack. In my mind, like without a shadow of a doubt, I don't trust these media organizations. They were, you know, they were very, very jump. They're very, they're, they're some of the fastest to criticize the Bitcoin law. And then as soon as El Salvador made their debt payment, they just, you know, they just tried to sweep it under the rug, as if it never happened, right? So anyways, that's my take. I'm obviously biased, guys, 'cause I'm a hardcore Bitcoin, or but yeah, that's my take on that. CK, what's your take? And then we'll move on to opti. Yeah, I mean, as someone who believes in freedom and someone who wants to reduce the role of the state, it's unsettling to see large state complexes, you know, moving around shackled people. But at the same time, you know, for all the critics of the effect that this crackdown has, and I don't know enough information to judge the legitimacy of the arrest that are being made. I just don't have that info. But now do America. Now do the war on drugs. Guess who's the most racist institution on the planet? Well, it's the American institutions and how about you compare the prison populations of El Salvador per CAPiTA compared to the prison population of the United States. And let's talk about all those issues legally when it comes to detaining people without just cause without any sort of due process. And for the poorest and least advantage in first world countries, you know, putting them in situations where they have a plea deal where they have to plead to something that they may or may not want to do. And if they don't, they potentially could have their life ruined in prison before they even make it to court. So status are statists, at least naive bukele is doing something that his people like, I'll tell you this, our police in America aren't doing shit that anyone likes, you know? The last few protests in America have all been around incompetence of the government, whether that's an elections, whether that is in police brutality. So now do the U.S., the double standard is absolutely real. And I don't trust status at all. I don't trust members of governments at all. Ultimately, this mission is about creating institutions that do not operate like a monolithic government, a brutal gang that is the wielder of what's the word.
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"Scan and display QR codes directly on the device, the sign transactions, and verify addresses with ease. Use your blockstream Jade with your favorite wallet software, such as the blockstream green, blue wallet electrum and sparrow. Get yourself a blockstream Jade today and take self custody of your Bitcoin. All right, everybody. So The Guardian article. A couple things, right? We're going to try to hit it from we're going to try to be as neutral as humanly possible. Obviously, we all know we have a Bitcoin bias. That being said. So there's two opposing narratives right now. There are the narrative of El Salvador. Everyone agrees El Salvador's cracking down on gangs, right? We're actually going to play you a very powerful video that was produced by el salvadorian government to emphasize that they're putting a lot of these gang members in jail really crazy, the method that they, you know, it's better to play the video of me describing it. But there's two narratives right now. The narrative number one is this is a violation of human rights. A lot of innocent people are getting gilled up. And the other narrative is, this is very effective. It has dramatically decreased the murder rate, the crime rate, and also there's record GDP growth in El Salvador. So we're not going to put our opinion about what we think of this. We're just going to report the news and then we'll kind of go around the horn to see what everyone else thinks. Anyways, let's play the video. It's pretty long. It's three minutes, but we'll play probably two minutes of it, and then we'll get to the article. All right, are you guys get the point?
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"For the peaceful Bitcoin revolution of the code breaking news culture Matic warfare. We will be your guide through the separation of money and state. Crazy news coming out of El Salvador, some footage that the government made, we'll talk about that. We'll get into the statistics of the record GDP growth, the decrease in crime, is it because is it the Bitcoin effect? I know, I know you guys know what I'm talking about. Once you adopt, I'm going to borrow CK's words, a new operating system, perhaps your perception of the world changes a little bit. So we're going to explore all of that. Speaking of CK, we have CK himself on the show today. How are you doing, bro? Yo, what's up, my man? My audio just like freaked out on me. So I don't know what's up with that. You're coming in loud and clear. And of course, my legendary co host always optimistic. What's up? How you doing? How you doing? Well, what's up everyone? I'm excited for this one. I'm really more excited again on Nico's takes. I love just sitting here. I'm on the stream with Nico Jones every day. And so I'm just sitting here enjoying it like you guys. But of course we got CK in the building. So we're going to talk Bitcoin conference again today. Give you guys hopefully we can get some new, some new leaks out of here from CK himself, but we'll wait, we'll wait for that one. We will wait. We'll wait. Anyways, everybody. Let's start the show. I'm really excited. Let's do this. This is a Bitcoin numbers.
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"But now that you can work from anywhere, does that type of law make sense? And I think a lot of people are going to start weighing the pros and cons of that. And that's also why I believe the amount of American citizens giving up their citizenship continues to increase year after year, right? So is this trend going to continue? Let's see, but holy cow, did the book the sovereign individual once again get it right. Anyways, opti, what are your thoughts, bro? Well, yeah, I mean, to your point, and we continuously talk about this. It's really amazing that the sovereign individual was so prophetic, it's almost giving us the blueprint for what's going to happen in the world. In the future. So if you haven't read it, I would highly recommend you guys read it. But it's very interesting that the powers that be are trying to stop the escape hatches anyway possible. And it's very interesting to see this happen in so many countries. So I wonder what kind of top down control what kind of backroom meetings that we are not privy to, excuse me, that is pushing or furthering this trend. So I mean, hey, I don't know, it's like what Nico says, I don't know if we're going to have to all go to El Salvador soon or whether there's hope for us Americans yet, but hey, I don't know. On the flip side, it also kind of brings a question in my head of like, are we being a little premature in leaving the U.S. already in abandoning ship or are we just that paranoid as Americans that the sovereign individual is playing out? So I don't know. I mean, I've said it before. I'm a first generation American. I love America. I love my home.
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"Bitcoin is the most transparent money in the world. It's open-source. It's completely verifiable. This is the feature. This is what Bitcoin does, but it shows back to this idea that we continuously talk about on the show that the powers that be a projecting onto Bitcoin, what they are themselves doing. And they understand that the normie out there, the average person out there doesn't fully understand Bitcoin. So they're leaning into these narratives to the citizens out there. Instead of helping people, they are just leaning into this narrative that most people don't understand what's actually happening into Bitcoin. And this is why we show up every day. This is why you guys need to continuously orange kill your Friends and family because Bitcoin is freedom tech Bitcoin does help the world and it's just a matter of education on an individual level. Just people don't understand what's going on here. And Bitcoin just continuously stays winning. Bitcoin incentives work. Bitcoin works. Bitcoin is Bitcoin is stable. And that's all that really matters. So shouts out to all you, bitcoiners, continue to orange pale your friends and family. And we will continue to win. Absolutely. And I just want to read and shout out to Chris for sending it. We've read this many times on this show, but I feel like it's very appropriate for this specific subject, right? And this is a passage from stop drinking the elites Kool-Aid, an article in Bitcoin magazine. This is a part of the passage that we've said many, many times, but I want to reiterate. So it goes on to say the most vocal detractors, the one who are afraid and are pressuring us to reverse our decision, are the world's powerful elites and the people who work for or benefit from them. They used to own everything in a way they still do. The media, the banks, the NGOs, international organizations, and almost all the governments and corporations in the world. And with that, of course, they own the armies the loans, the money supply, the credit ratings, the narrative, the propaganda, the factories, the food supply, they control international trade and international law, but their most powerful weapon is the control of the truth. And they are willing to fight lie smear destroy sensor confiscate print and do whatever it takes to maintain and increase their control over the truth and everything and everyone. Well, it sucks for them because Bitcoin is an absolute truth machine and they're going to have a very hard time controlling that narrative as the time as the time goes by. And this is a victory. This is a victory, and this is their way of admitting it. IMF says El Salvador's Bitcoin risk have not materialized, but should be addressed. Anyways, much more winning to come. Let's get to the culture. We have a ton to talk about. Let's do it. The daily culture. Brought to you by swan Bitcoin
Simply Bitcoin
"el salvador" Discussed on Simply Bitcoin
"Now, it's Bitcoin. Anyways, El Salvador's Congress last month passed a law regulating the issuance of digital assets by both the state and private entities president buchel announced on Twitter a series of purchases of some 2380 Bitcoin bullish before mid November when he said, did he buy the bottom? The 9 bukele by the bottom. Anyways, when he said the treasury would buy Bitcoin every day. If those purchases were made, the government holds nearly 2470 coins acquired for about a 106 million U.S. dollars. The current value of that investment is 52 million for a paper loss of over 50%. And that's one of the narratives that they spend, look at Michael saylor. He's an idiot, look at 9 buki, he's an idiot, but you know, it's like, remember what your family said? When you got into Bitcoin, most people got into Bitcoin running up into a bull, they get absolutely wrecked, and then they get vindicated after they survive a full cycle. So what's their excuse going to be after 9 bukele and Michael saylor have indicated, quote, greater transparency over the government's transactions and Bitcoin and the financial situation of the state owned Bitcoin wallet remains essential. The IMF highlighted the full recovery of El Salvador's economy to pre-pandemic levels driven by the effective government response to the health crisis, real GDP is projected to grow by 2.4% in 2023, the IMF said above the historical average. However, the lender also expressed a concern over rising current account deficit and the possible spillover effects of a recession in the United States. Okay, moving on to this CNN BC article. And it goes on to say, quote, think of the unthinkable. IMF chief Warren's world is a very different place after crisis like the pandemic, like the virus, right? So, and then this kind of goes into the concept that I was talking about in the very beginning. It's constant nihilism. It's caused it alarmism. This whole article says, look, it wasn't Bitcoin. It was because Bitcoin wasn't accepted. They're still in trouble. It was the government's response to the pandemic that led to an economic growth. Like so many,
Bloomberg Radio New York
"el salvador" Discussed on Bloomberg Radio New York
"On Bloomberg radio We hear from someone about some entirely new aspect of the cryptocurrency industry that we have never even heard about before Yeah right Like the Bitcoin Bond Yeah El Salvador actually plans to construct a Bitcoin city and issue the world's first sovereign Bitcoin bonds And Bloomberg's Caroline height had a chance to ask Samson mull about it He CSO of a company called block stream And he actually spoke to her from the Concacaf volcano in El Salvador And the plan apparently is to use the energy from the volcano to power this Bitcoin city Caroline put him on the spot over the plans though especially the bonds part Let's listen in Coming live from us from a volcano because local volcano bonds to a certain extent because it's going to be financing this Bitcoin city that's on interest in surrounding this area of a volcano And I'm wondering why any institutional Bond investor would buy this Well why wouldn't they Because it's got a 6 and a half percent yield and your yield on your current bonds of El Salvador that come to you in ten years is 13% Yes but this is fun as a Bitcoin component And that is why it is called a Bitcoin Bond So when some of us raising $1 billion in this first bond issuance 500 million will be used to acquire Bitcoin And then 500 million will go towards energy and mining infrastructure So there is this war chest of Bitcoin backing this bond And that dividend or that coupon actually increases after the 5th year So for the first 5 years it will be 6.5% coupon But then it accelerates to what I call a Bitcoin dividend or a special dividend that is basically the Bitcoin being sold off the $500 million worth of Bitcoin being sold off gradually quarter by quarter So the El Salvador government will share that with the bondholders Why wouldn't institutional Bond investor was allowed to buy into this So had the ability within the rules of the fund they invest to have exposure to crypto Why wouldn't they just buy Bitcoin straight up rather than have a 50% take Well they could buy Bitcoin straight up but usually the mandates are charters don't allow them to hold cryptocurrencies like Bitcoin But there'd be allow to hold these bonds you think in their mandates Why not It's just a bond But it's not just a bond because it's related to Bitcoin And as you say 50% of it over a 5 year time frame if indeed you managed to pay that back would be able to be given based upon Bitcoin now So do you think those mandates would allow them to buy in Well that's really for them to figure out But we're trying to structure this in a way that they can present it to other boards their directors as a normal one Because it is a normal fund just happens to have a large chunk of Bitcoin But even if they don't buy it I don't really see a problem There is because market cap is one over a $1 trillion There's about a $145 billion worth of stable points And this is just from the Bitcoin industry traders whales And this money will just pour in I was in Turkey talking to my friend the CEO of BT's third Oscar And I told him about this plan I told him I'm going to go outside with our next and I thought about the bonds And in two seconds he said I'm in for a $1 million And then I said are you sure you want to think about it Do you want to see the specs Do you want to read more They say no this is for the people of El Salvador So the money will come in There's another way that I talk to just before coming on your show And he said I'll take 20 million of it Samsung is it not wrong to think that people shouldn't do that due diligence first Yeah they should do their due diligence but there is an important part here which is helping us Salvador And fixing the money supply And I think that's more important than the exact associations in a bot So you think even without institutional bond investors if they all perhaps driven away by the fact that the yield of solo relative to existing bonds or indeed they can't have exposure to Bitcoin Do you think it will be who will be the actual investor It will be more crypto focused enthusiasts and they'll be good for 1 billion I think there's more money than a billion that's going to flood into this bond The institutional investors they can come in They can do their due diligence 6.5% is in line with most bonds around the world And there is that special Bitcoin dividend So they can run the calculations At the end of ten years Bitcoin is a $1 million We've done a calculation where Bitcoin is appreciating 35% year over year Then the yield that year will be about 90% plus the 6.5% coupon But if it goes higher we had another conservative model we put it which put it at a 140% API plus a 6.5% coupon then it's a pretty attractive bond by any measure Definitely investors buttons versus crypto which I mean Bitcoin is up on an annualized basis 240% so you might be there for losing out to the opportunity costs are just getting into Bitcoin related exposure rather than going into this bond But something I'm interested that you're in Turkey you're an El Salvador Are there other countries Are there areas Municipalities looking at this with dare I say it perhaps political political risks that some just don't always willingly swallow Well there's risk in everything even.
Bloomberg Radio New York
"el salvador" Discussed on Bloomberg Radio New York
"Day here on Bloomberg radio We hear from someone about some entirely new aspect of the cryptocurrency industry that we've never even heard about before Yeah right Bitcoin Bond Yeah El Salvador actually plans to construct a Bitcoin city and issue the world's first sovereign Bitcoin bonds And Bloomberg's Caroline Hyde had a chance to ask Samson mull about it He CSO of a company called block stream And he actually spoke to her from the Kentucky volcano in El Salvador And the plan apparently is to use the energy from the volcano to power this Bitcoin city Caroline put him on the spot over the plans though especially the bonds part Let's listen in Coming live from us from a volcano because they call volcano bombs to a certain extent because it's going to be financing this Bitcoin city that's on interest in surrounding this area of a volcano And I'm wondering why any institutional Bond investor would buy this Well why wouldn't they Because it's got a 6 and a half percent yield and your yield on your current bonds of El Salvador that come due in ten years is 13% Yes but this fun has a Bitcoin component and that is why it is called a Bitcoin Bond So when some of us raising $1 billion in this first bond issuance 500 million will be used to acquire Bitcoin And then 500 million will go towards energy and mining infrastructure So there is this war chest of Bitcoin backing this bond And that dividend or that coupon actually increases after the 5th year So for the first 5 years it will be 6.5% coupon But then it accelerates through what I call a Bitcoin dividend or a special dividend that is basically the Bitcoin being sold off The $500 million worth of Bitcoin being sold off gradually quarter by quarter So the El Salvador government will share that with the bondholders Why wouldn't institutional Bond investor was allowed to buy into this So had the ability within the rules of the fund they invest to have exposure to crypto Why wouldn't they just buy Bitcoin straight up rather than have a 50% take Well they could buy Bitcoin straight up but usually the mandates are charters don't allow them to hold cryptocurrencies like Bitcoin But there would be allowed to hold these bonds you think in their mandates Why not It's just a bond But it's not just a bond because it's related to Bitcoin And as you say 50% of it over a 5 year time frame if indeed you managed to pay that back would be able to be given based upon Bitcoin now So do you think those mandates would allow them to buy in Well that's really for them to figure out but we're trying to structure this in a way that they can present it to the board their directors as a normal one because it is a normal fund Just happens to have a large chunk of Bitcoin I did But even if they don't buy it I don't really see a problem There is because market cap is one over a $1 trillion There's about a $145 billion worth of stable points And this is just from the Bitcoin industry traders whales And this money will just pour in I was in Turkey talking to my friend the CEO of Turk Oscar And I told him about this plan I told him I pointed out Salvador next And I thought about the bonds And in two seconds he said I'm in for a $1 million And I said are you sure you want to think about it Do you want to see the specs Do you want to read more And he said no this is for the people of El Salvador So the money will come in There's another way that I talk to just before coming on your show And he said I'll take 20 million of it Samsung is it not wrong to think that people shouldn't do that due diligence first Yeah they should do their due diligence but there is an important part here which is helping us Salvador And fixing the money supply And I think that's more important than the exact speech is on a bot So you think even without institutional bond investors if they are perhaps driven away by the fact that the yield is so low relative to existing bonds or indeed they can't have exposure to Bitcoin Do you think it will be who will be the actual investor It will be more crypto focused enthusiasts and they'll be good for 1 billion I think there's more money than a billion that's going to flood into this bond The institutional investors they can come in They can do their due diligence 6.5% is in line with most bonds around the world And there is that special Bitcoin dividend So they can run the calculations At the end of ten years Bitcoin is a $1 million We've done a calculation where bitcoins appreciating 35% year over year Then the yield that year will be about 90% plus the 6.5% coupon But if it goes higher we had another conservative model We put it which put it at a 140% API plus a 6.5% coupon then it's a pretty attractive bond by any measure Definitely investors buttons versus crypto which I mean Bitcoin is up on an annualized basis 240% so you might be there for losing out to the opportunity costs are just getting into Bitcoin related exposure rather than going into this bond but something I'm interested that you're in Turkey you're in El Salvador Are there other countries Are there areas Municipalities looking at this with dare I say it perhaps political political risks that some just don't always willingly swallow Well there's risk of everything even buying Bitcoin.
AI.Crypto
"el salvador" Discussed on AI.Crypto
"Edward snowden weighs in on el salvador's. Bitcoin law el salvador has officially made bitcoin acceptable as legal tender yesterday after facing a series of backlashes and protests from its concerned citizens with this situation privacy activist and information security whistleblower. Edward snowden weighed in on the implications of the law according to edward snowden the recent implementation of bitcoin dollar. Btc as legal tender in the country would place pressure on competing nations to do the same that is to acquire bitcoin. Even if only as a reserve asset snowden further explained that bitcoins technical design massively incentivizes early adoption and that latecomers may regret hesitating snowden took to twitter to explain his views on the matter today. Bitcoin was formerly recognized as legal tender. In its first country beyond the headlines there is now pressure on competing nations to acquire bitcoin even if only as a reserve asset as it's designed massively incentivizes early adoption. Latecomers may regret hesitating snowden. Tweet was made in response to aaron van. Wirdum a journalist who posted that while skeptical at first he was able to pay for a mcdonalds meal with bitcoin with the store promptly providing him with a qr code that linked directly to a lightning network invoice via open node a bitcoin payments processing firm merchants such as dunkin donuts and starbucks have also been reported to accept bitcoin in their stores with more stores. Coming up with their own. Integrations following the law's implementation the el salvador bitcoin law was taken to implementation on september seventh making btc in official national currency alongside. The us dollar. It's national currency. Since two thousand one which effectively replaced the now defunct salvadoran cologne during the presidency of francisco flores. Nagy bouquet lay. The current president of salvador has been known as a supporter of bitcoin first filing in promoting the bill earlier in june this year and passing it into law after a series of congressional sessions on the matter this week bouquet lay revealed that the el salvador government has purchased an additional one hundred and fifty btc taking the country's bitcoin holdings to a total of five hundred and fifty btc..
AI.Crypto
"el salvador" Discussed on AI.Crypto
"El salvador buys. It's i two hundred. Btc a day. Before it's bitcoin law becomes effective and it will be buying a lot more. El salvador president naive bouquet announced on twitter. That is government has bought two hundred. Btc on monday a day before the country's bitcoin law which will make the cryptocurrency legal tender within the central american nation goes into effect. El salvador has just bought. Its first two hundred coins. He wrote are brokers will be buying a lot more as the deadline approaches. Hashtag bitcoin hashtag. Btc at press time. Bitcoin was changing hands at fifty. One thousand eight hundred eighty three dollars seven cents up one point eight four percent in the past twenty four hours according to coined desk twenty prior to bouquets tweet there had been a growing number of users on social media platforms including twitter and read calling for people to buy small amounts of bitcoin in support of el salvador's plan to make bitcoin legal tender bloomberg reported as many investors are betting that the news could give the oldest crypto currency of price boost in june bouquet lay announced that the bitcoin law would go into effect on september seventh. His government will use the chievo e wallet preloaded with thirty. Us dollars of bitcoin for everyone who downloads it. El salvador's government has also been working on building infrastructure to support the new bitcoin law including creating a one hundred fifty million dollars. Bitcoin trust to facilitate exchange between bitcoin and us dollars in the country. The law was passed by a supermajority in el salvador's legislature with sixty two members voting in favor of the bill. Nineteen opposed three abstained. However in contrast to the original law bouquet on august twenty third confirmed that the use of bitcoin is legal. Tender will not be mandatory if someone wants to continue to carry cash not receive a sign on bonus not win over customers who have bitcoin not grow their business and pay commission on remittances. They can continue to do so. Bouquet tweeted at the time..
What Bitcoin Did
"el salvador" Discussed on What Bitcoin Did
"Gdp is if a large percentage of that moved over to there's two sides of the remittance. There is the just using. Bitcoin is south. But there's also the strike side which is sending synthetic dollars over the bitcoin network. If by move into that you can increase the size of The if you can increase the gdp of the country because you're removing fees. You could see this. You could see the case study being something that just spreads globally and i'm wondering as more countries adopt bitcoin. Do they become stronger together. They form coalitions that the development bank south america remember the actual name is supporting el salvador in its rollout of the project and that group that development bank supports fourteen countries as a believe in even includes south korean taiwan. Which i didn't know about. I don't know if you're aware of any of that but it just feels like if they get this right. This could be the first domino for a number of countries. Yeah i mean it was. I think one of the more interesting piece of news. After the volcano mining of course was the number the half a dozen other Kind of Political leaders smother countries that also express similar interests. And they might have you know. They can't move as quickly as this country can because they don't have a president with that much approval now much kind of control over over legislature and stuff So you know for better or worse But you know they can have a politician there. That's kind of raising it. Congress or getting it on the radar. And yeah i think it comes down to watching it be you either successful or unsuccessful no salvadoran that could influence other nations to move ahead And i think it's you know we have to be careful reading too much into it. So for example and micra shadows. You bought. bitcoin There wasn't you know so far. There's not been a flood of other companies. You know putting ops. None of them have really done. What mike shijie where they put most of their reserves into it. There's been a handful that put a small percentage of their reserves into bitcoin And so that was. You know that wasn't that wasn't started some floodgate. Maybe looking back two years from now..
What Bitcoin Did
"el salvador" Discussed on What Bitcoin Did
"Yeah we would go back and forth on a lot of things and ultimately it's the president's signature in the president's decision on what's including. There's a lot of things that i advised against that. They ended up going with like the timeline proposed but Generally speaking it was a great experience and Again it was. It was really optimized around financial inclusion and rebuilding financial infrastructure on an open monetary network. Not only. because it's cheaper faster more efficient and more inclusive. Not only because it doesn't have any issue mediaries or you know it's operates on open source money and so it's a race to the bottom and there's never going to be an environment where a single entity can be protective over hi fi structures But also because of the network effects because of the free market environment and then we eventually. I advised against it should be the bitcoin standard. That's what makes the most sense. If we're optimizing to solve against the inflation spillover of the federal reserve that leads to the rising rates that leads to crushing markets like el salvador for looking salt for financial inclusion than. Nothing else makes any sense. You know if all the sudden. There's a crypto asset that's optimized for people that are ambidextrous and now the country needs to update in adopt ambidextrous. Coin will that implies inflation to the asset class in inflation to bitcoin and so you have unintended spillover of inflation by people. Just creating crypto coins that actually do nothing and it doesn't solve your inflation problem one bit. You want to subscribe to a hard money monetary policy. That's defended by distributed network and not exposed to any central point of failure and that's bitcoin and entertaining other coins implies inflation that's outside of your control and that doesn't like logically make any sense and then the others financial inclusion and that if you were to operate on many on hundreds of different a- crypto monetary networks that aren't interoperable with each other. It's the equivalent of what we have today of bifurcated independent monitoring networks bitcoin in its developers..
The Breakdown with NLW
"el salvador" Discussed on The Breakdown with NLW
"What's going on guys. It is wednesday june ninth. And what you just heard open. The show was the sound of kareem. Lukhele the brother of the president of el salvador as well as his campaign manager narrating the passage of the bill by which el salvador became the first nation in the world to recognize bitcoin as legal tender. It was part of a larger hour-long discussion last night with the president himself. That happened holy spontaneously. A nick carter space on twitter. Setup to casualty chat while he cooked himself pork chops for dinner. This conversation happened late at night. And i only caught it by the grace of a fast flickering power outage in our house which caused every appliance to beep in. Wake me up me being a complete degenerate..