39 Burst results for "Thousand Eight The"
The Breakdown
A highlight from How the Crypto Investing Landscape Has Changed
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Sunday, September 24. And that means it's time for Long Read Sunday. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Welcome back to Long Read Sunday. Today we are getting into a topic that relates to maybe one of the biggest themes that we're watching right now, which is capital fun flows and the institutional engagement with the cryptosphere. Now, our piece today comes from Jeff Dorman, the CIO of ARCA, who has some really interesting insights to share about the time that he has been running his fund. The piece is called What I Learned Managing a Crypto Fund for Five Years. And because I am recording my sixth podcast of the day, I am going to enlist a little help from AI me, but I will be back as regular old NLW with some wrap up thoughts at the end. I've been running a crypto fund for one thousand eight hundred and twenty five days. ARCA just achieved a major milestone, reaching a five year track record of managing outside capital in our liquid hedge fund. Five years in any other industry may not seem like a long time frame, but in crypto, we often joke that one crypto year is equivalent to five normal years. And with twenty four seven trading hours, it's not untrue. During these past five years, I have seen many of our peers come and go, leaving a bit of survivorship bias as it pertains to crypto asset management. As chief investment officer overseeing this fund, as well as three others under the ARCA umbrellas, I experienced firsthand the evolution of this industry through good times, bad times and constant innovation. The five year anniversary provided a natural timestamp to reflect upon what I learned about managing money and about the industry. Here are five of the most important takeaways from managing a crypto portfolio for the last five years. In short, investing in these markets is very challenging. One tweak assumptions and risk models. This perhaps goes without saying to any person who has invested in this market, but this is not an easy asset class to invest in. For starters, the frequent booms and busts creates a false sense of liquidity and an often accurate depiction of expected beta and returns. All risk models, expected loss provisions and sizing parameters are based on historical data and correlations, which change incredibly quickly. There is a reason why most funds in this space are early stage venture funds, where many of these real time market related issues are not relevant. For those like ourselves who manage liquid funds, it is a constant game of tweaking assumptions and risk models to interpretation over speed. Contrary to popular belief, just because crypto markets trade 24 seven globally does not necessitate 24 seven trading coverage. Overtrading every tick is costly in any asset class, and the additional hours of crypto trading often try to lure you into more activity. But the reality is that the fragmented global investing landscape actually gives you more time to react to news and information. While there will always be bots and algorithms that react immediately to news, much like after hours equities trading post earnings, these initial knee jerk reactions are often wrong. And since one third of the world is sleeping at any given time, it often takes days for the true market reaction to play out. A correct interpretation of information is much more important than the speed with which you react. Three, careful documentation is crucial. On the flip side, the 24 seven workday does lead to difficulties not seen in traditional markets. In TradFi, even your worst day week eventually comes to an end, giving you ample time to reset and think through decisions while markets are closed without price gyrations clouding or influencing your thought process. In crypto, these natural resets often don't exist. Take the events of Terra Luna, for example. The entire unwind of a 30 billion dollar ecosystem happened within three days, with continuous trading and new information flow over the 72 hour period. We made decisions during this stretch that in retrospect would not have been made with more of a grace period. And we have since learned how to better implement risk management during a future period like this. In hospitals, mistakes don't often occur because doctors are overworked or tired, but rather because of improper handoffs to the next doctor who lacks that full set of information because the previous doctor failed to document fully. Crypto asset management requires similar knowledge, handoffs and documentation for balance between short and long. In debt and equity markets, quiet periods of time, summer holidays often lead to slow grinds higher in price. It is expensive to stay short and dividends and coupons continue to accumulate, adding more buy interest to the market. The opposite is true in digital assets, since the majority of crypto projects accrue value through network activity, slower periods of time tend to slow momentum of an asset. And since most assets have no distribution of cash flows, the cost to short is minimal. As such, negative price action tends to be more prevalent when markets are slow, leading to difficult decisions with regard to hedging and long exposure. As a result, active management continues to trump passive indexes. Rules based passive index strategies simply cannot keep pace with the innovation and changes to these markets. Similarly, these indexes can't take advantage of the volatility, which creates quite a bit of alpha. Over time, this will likely change as the market matures, but we're not there yet. Building a good team is fundamental for success and incredibly challenging. I've worked for seven different financial firms over the past 25 years. I've seen thousands of resumes and have interviewed hundreds of people. I've worked personally in just about every financial department, banking, trading, research, sales, business development. If a TradFi Wall Street firm asked me for a candidate, I could find them one pretty easily that best fits their needs. Five, hire people passionate about the industry. But what are the best attributes and qualifications for a research analyst in crypto? What makes the best trade ops person? Who is best suited to handle investor relations? These are still not easy questions to answer in crypto. During the first few years of our fund, we took what we could get, which is to say, whoever wanted a job. The pay sucked, the hours were long, and the future was very uncertain. Anyone who wanted a job in this industry in 2018 shared a true passion for blockchain success and was willing to learn any part of the job necessary to succeed. Most people who joined this industry pre -2020 are still working in this industry, and their job responsibilities evolve in real time. But in 2021, I could have handpicked any person I wanted from every major bank, brokerage, and hedge fund, who all had zero crypto experience but saw big money ahead. The resumes were pouring in. Many of these employees didn't work out. In 2023, we're back to the passionate souls who will do anything to work in this industry. Six, everyone wears multiple hats. This is a very hands -on business where research analysts have to test functionality of applications, challenge status quo financial modeling, and network live with other industry veterans at conferences. Traders have to navigate back and forth from US macro to Asian currency markets to crypto -specific on -chain wallet movements depending on the current correlation du jour. Back office employees have to test new service providers every three weeks to keep up with changing regulation, best practices, and LP demands while navigating constant bankruptcies, closures, and hack attempts. The common denominator seems to be a real willingness to test new theses. If you give 10 equity analysts the same inputs, they will give you largely the same answer and will present the same homogenous modeling techniques to arrive at this answer. If you give 10 crypto analysts and traders the same inputs, they will most likely give you 10 different answers using entirely different analyses. That's refreshing and often leads to outsized alpha, but also creates challenges when it comes to creating a repeatable formula for success. Seven, trade ops is the most important department. When I worked at credit and equity funds, the back office was overlooked. They were usually young kids eager to move into a real trading role as soon as they could. The job was basic blocking and tackling. Make sure trades settled, make sure your brokerage statement was accurate, and make sure the fund admins did their job. Compliance teams were there simply because they had to be. We all knew the rules, we obeyed them, and if there was any doubt, we checked with compliance but knew the answer would be, don't do it. We should be so lucky in crypto. Trade operations is the single most important job in crypto. You have to touch the assets every single day and a single mistake could cost the firm millions of dollars. As a result, not only do these need to be the most trustworthy people in the firm, but they need to build redundancies that can still operate even if they themselves vanish. Getting into a trade ops role is more glamorous than getting out of trade ops, and those who build their careers in this subset of the fund business end up learning the most about blockchain. Similarly, compliance is not an afterthought in crypto. Unlike in TradFi, it cannot be assumed that your employees know the rules, as most come from completely different backgrounds than Wall Street. Constant education and monitoring is a must. Further, a compliance officer can't just read the rules and assume compliance since there are few clear rules to follow, despite Gary Gensler telling us otherwise. To do your best as both a fiduciary and a law -abiding company is a Herculean effort. 8. The sell side is getting better. In traditional finance, the sell side offers a pretty valuable role. They underwrite new transactions, create novel financing ideas, advise companies on how best to participate in the capital markets, facilitate trading in existing securities, write research on new and existing securities, and pass along market color between participants. Both full -service investment banks and niche broker -dealers exist, but regardless of whether you use a one -stop shop or piecemeal the services with multiple firms, the services themselves are all covered. While the sell side is getting better in crypto, it is still incredibly fragmented and many of these services still do not exist. As a result, fund managers are often on an island, forced to manufacture its own deals, structure its own financings, and do its own research from scratch. Written research from OTC trading shops has greatly increased in volume and improved in quality, providing a necessary channel check on the state of the markets. But the trading itself continues to be very exchange -based, black box, and therefore lacks natural axes between investors. Trading color about flows and activity has improved, but there are fewer market participants to glean information from. There is still no full -service investment bank, and in fact, true investment banking services for underwriting and advisory of token launches is probably the biggest white space going forward. I'm constantly shocked at how few well -known Wall Street capital markets tools are utilized within crypto. Most token launches are doomed from the start. From low float, high fully diluted valuation, FDV token launches, to direct listings at insane prices, to poorly written tokenomics, token issuers, who are often developers and lack financial knowledge, continue to have to come to market without the assistance of those who know how to do this best, which subsequently leads to worse investment opportunities for asset managers. Some service providers are getting a lot better, like Custody Solutions, OTC Trading, and Options Liquidity. Still, others are getting worse, like fund admins and auditors, who in the wake of FTX are pulling back from these offerings. On the tech and research side, it's amazing that Bloomberg's crypto services continue to be irrelevant. The coverage list, their index, and all functionality is still from 2017 and does not take into account how much this industry has grown and evolved. Fortunately, newcomers like Nansen, Masari, Glassnode, Dune Analytics, Telegram, and others have innovated fast enough to take this corner, and we are grateful for these companies. It is entirely possible to run a crypto fund in 2023 without ever logging into a Bloomberg terminal. Overall, fund management is still challenged by the lack of sell -side tools. As the sell -side improves, so will the number and breadth of funds. 9. The investor base is getting smarter. When we began our fund five years ago, we knew the educational journey for prospective LPs would be slow. We were learning constantly as we invested and doing our best to educate interested investors in real time, but it was not practical to expect anyone who wasn't focused full -time on this industry to keep pace. Questions from prospective LPs tended to focus more on how we invest versus what we invest in, and there was definitely a bit of a leap of faith by investors. Fast forward to today and the script has completely flipped. LPs are getting much smarter about the asset class and the investment universe, thereby asking better questions. In some cases, the LPs now know more than we do as they are exposed to different areas of the industry that may not be in our everyday focus. That said, the amount of bad information that continues to flow effortlessly through the media and influencer accounts continues to reach LPs as well, often surprising us in regard to certain topics of interest that we deem irrelevant, but our investors believe are topical. As investors start to become more digital asset savvy, they want far more control over investments and specificity has increased. Asset managers in this space have launched highly specialized funds based on investor demand, including DeFi focused funds, NFT funds, etc. Many asset managers, including ARCA, have started creating funds of one inch that allow for more specificity, but provide the professional team to manage the investments. In 2018, if you asked us, we would recommend going with a professional investor, but as information is more readily available and UI UX of projects get better, we encourage retail investors to research and invest. However, to generate alpha where information asymmetry exists, it's still valuable to have professional fund managers who can take advantage of the 24 -7 news cycle, market volatility, and a murky regulatory environment. Overall, running a fund in this new and innovative space has been incredibly rewarding and we look forward to the next five years. Fund managers will continue to straddle the line between becoming more TradFi -like and adopting best practices of Wall Street, versus finding ways to take advantage of crypto -only opportunities, yield farming, airdrops, testing new applications. The most important factor for success in the digital asset space is faith in the future. We have to believe we are at the frontier of building a new financial system that has the capacity to transform society. While we fully expect bumps in the road and pushback from incumbents benefiting from the status quo, we know that as long as we continue to move forward, fight for the necessary changes, and adapt as needed, this industry will succeed. Okay guys, back to regular old non -AI NLW. The thing that stands out to me after reading that article, as trite and as cliche as it sounds, is just the how early we are theme once again. Every cycle it feels like we see it as the mass flow of new institutions into the space and to some extent it's true. We obviously got a lot more market participants from the traditional sector last time around than we had before. It feels, however, now that we're inching ever closer to a period in which those traditional actors aren't just tourists, but are long -term participants in the space. Certainly right now you have an interesting jockeying for position where the Blackrocks and Fidelities and Franklin Templeton's of the world are laying the foundation for what seems like a much more proactive end -to -end from the beginning of the cycle on through whatever happens after kind of approach. I've said before and I'll say it again that I think Blackrock's ETF application will mark a significant pivot inflection point of this cycle when we look back at it historically. I think we will see it as a firewall that stopped whatever further slide might have happened and reinforced for market participants that crypto, despite being as down as it was in every sense of the word, was going to come back. And so I think about Jeff's next five years running a fund and how different they'll look. The different participants that will make up the market. The different ways in which people will engage. It's pretty hard to imagine from where we are, but it's certainly interesting to think about. Anyways friends, that is going to do it for today's Long Read. I hope you are having a wonderful fall weekend wherever you are. Until next time, be safe and take care of each other.
Bloomberg Daybreak
Fresh update on "thousand eight the" discussed on Bloomberg Daybreak
"Studio broadcasting coast to coast Bloomberg 1130 New York Bloomberg 99 1 Washington Bloomberg 106 1 Boston Bloomberg 960 San Francisco Sirius XM 119 the Bloomberg Business App and Bloomberg .com this is Bloomberg Daybreak it's coming up on 530 on Wall Street good morning I'm Amy Morris I'm Nathan Hager we're nearly four hours away from the open of US trading let's get you up up -to -date on the news you need to know at this hour we are getting closer to tomorrow night's midnight deadline to avoid a government shutdown House Republicans have released a bill that would keep agencies open for a month while cutting defense non programs House Speaker Kevin McCarthy says he is hopeful he can get the votes to pass it when they stopped the bill from coming up and if he votes against the continued resolution it's my fault? Speaker McCarthy is facing hardline conservatives who want even deeper cuts now the Senate is debating a bipartisan bill that would fund the government into mid -november both bills would have to be resolved before tomorrow's deadline to avert a shutdown and it's day 15 of the United Auto Workers strike and later today more union action may be taken the UAW says it will announce how it plans to expand its strike against Detroit's three automakers. Turning to markets Amy stocks are higher as we close out the month of September despite today's early gains shares are on track for their worst month of the year global equities are down more than 4 % in September and shares of Nike are on the move up now more than 8 % in early trading the sportswear giant reported a drop in its stockpile of inventory analysts say it's a sign Nike is making progress in moving out older merchandise for newer more profitable items and on the economic front we get the feds closely watched BCE deflator report as well as the august reading on personal income and spending later this morning BlackRock chairman and CEO Larry Fink says he thinks a recession is still a possibility but not in the immediate future do you still have a very vibrant economy the United States and as I said the J curve of the Infrastructure Act the chips act IRA which is huge implications that's going to be creating jobs and it so may require a more protracted Federal Reserve and it may mean by 2025 the United States economy may be entering a recession Larry Fink's BlackRock has around nine trillion dollars under management he also told Bloomberg's Danny Berger the growing fiscal deficits around the world are set to basis in the future now let's get you up to date on how stocks are faring we check markets all day long at Bloomberg futures are higher Dow futures up four tenths of a percent or one hundred forty three points S futures &P up four tenths of a percent or nineteen points and Nasdaq futures up six tenths of a percent or ninety six points the ten -year Treasury yield at 4 .54 percent the year two yield -year at 5 .03 percent NYMEX crude oil up two tenths of a percent or 22 cents now trading at ninety one dollars ninety three cents a barrel Brent crude ups well it's actually mostly unchanged only up six cents now trading at ninety five dollars forty four cents a barrel COMEX gold at one thousand eight hundred eighty eight dollars sixty cents per ounce the euro at one point oh six oh eight against the dollar the British pound at one point two two five one and yen at one four nine oh seven much more still to come on Bloomberg Daybreak more global headlines and a all right thanks Amy it's five thirty one on Wall Street and Michael Barr is look here with at a what else is going on in New York and around the world thank you very much Nathan authorities in New York City have seized more than forty pounds of fentanyl from an apartment they say it was an alleged drug mill and that it was just six blocks from the daycare where a one -year -old boy died from exposure to the drug authorities have arrested a suspect who they say recklessly carried the drugs onto the city's subway system in a rollaway suitcase DEA agent Frank Tarantino talked with fentanyl if ingested or breathed in. 2 milligrams is a lethal dose of fentanyl that's the amount that can fit the on tip of a pencil it's also the equivalent of 10 to 20 grains of salt DEA agent Frank Tarantino. Senator Bob Menendez met with his fellow Democrats behind closed doors vowed and he will not resign from his seat last week federal prosecutors announced bribery and corruption charges filed against the New Jersey senator and his wife senators who attended the lunch say Menendez told them he would vigorously defend himself however Pennsylvania Senator John Fetterman refused to calling on Menendez to resign. Clearly he's not going to have an honorable exit at this point but it's going to honor those two ways an election or a conviction. Menendez has insisted he will be exonerated. Former President Trump lost his bid to delay a sweeping civil fraud case. The trial is now set to begin next week with New York Attorney General Letitia James set to call Trump and three of his adult children to testify. Trump has denied wrongdoing. A powerful explosion at a religious rally near a mosque in southwest Pakistan killed at least 52 people. More than 50 others were wounded. Global News 24 hours a day powered by more than 2700 2 journalists and analysts in over 120 countries. I'm Michael Barr and this thanks. 533 on Wall Street the time Bloomberg for Sports update brought to you by Tri -State Audi. Here's John Stashow. All your cups hasn't happened since 1991 and 93 30 years ago also the last time the U .S. won on European soil to do it. U .S. going to have to come from behind first four alternate shot matches today in Rome. Europe has won two leads the other two. Week four underway Detroit Lions serving. Notice the way they finished last season was fluke. no They won at Green Bay 34 to 20 that actually beat the Packers four straight times. David Montgomery scored three touchdowns the Lions. Sunday night at MetLife it's the Jets and Chiefs and while Jets QB Zach Wilson is not playing well he is saying the right things. Here was Wilson responding to criticism that came from Joe Namath. Yeah I mean he's passionate. He obviously was one of the greats and so that's his offense. We got to do everything we can just to try and prove him wrong. Keep doing what we can and improve. I think the guys are feeling very optimistic. You know we all all believe in each other we're all right there so excited excited for this week. Giants also have a week four primetime game at MetLife Monday versus Seattle. Yankee shutout in Toronto by Chris Bassett Blue Jays 1 -6 nothing. Another controversy involving Rain City Field and the Miami Marlins who were unhappy about Tuesday's postponement forcing Wednesday's doubleheader last night just after Miami scored two runs in the ninth inning to take a 2 -1 lead on the Mets. They had a three hour 17 minute rain delay and at 1 a .m determined they can't finish the Marlins might have to come back to New York on Monday. Baltimore The Orioles with their 100th win most in 43 years they clinched the AL East. John Stash was brought to you by Audi. Don't let someone else drive off in the Audi model you've always wanted. Visit your local tri -state Audi dealer to get behind the wheel of yours today or visit AudiOffers .com for more information. S &P futures and Dow futures are both higher by four tenths of one percent. NASDAQ futures leading the way with a six tenths percent gain. Zoe Hoker is a welder who practices his craft in the metaverse with forge virtual training platform. He says virtual welding lets me train as much as I want increasing my skills and access to opportunity. Through Tulsa welding school Zoe and other welders can use forge FX's platform to up level their expertise and answer the need for more skilled workers in today's economy. These are the ways skilled professionals are using the metaverse today. Learn more at meta .com metaverse impact. Together we have the opportunity to build a more sustainable and inclusive future. At the Bloomberg New Economy Forum we help make this possibility a reality by cultivating new connections among global leaders that transcend geographies industries and ideologies. Because when global leaders work together outcomes
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.
Evening News with Art Sanders
Fresh update on "thousand eight the" discussed on Evening News with Art Sanders
"Energy today and let us show you how you can save up to seven thousand eight hundred dollars off a new high efficiency mitsubishi heat pump pump system we have great finance options too call sundance energy at 800 -888 1045 that's 800 -888 -1045 and at sundanceenergy .com sundanceenergy .com it's 26 after this is america in the morning all you need is a couple of dollars and a dream as correspondent Rita Foley reports that vision just became a whole lot larger as nobody won the big power ball jackpot thursday night you get another chance to win an even bigger jackpot saturday night's drawing is worth about five million dollars one of the largest lottery jackpots ever anywhere behind earlier prizes in the powerball and mega millions games that all topped one billion dollars now you probably know your chances of winning are well low one in million 292 but if you do win you can take the annuity doled out over 30 years or the cash option which for saturday night's drawing would be about million 432 dollars by the way in most states a ticket powerball cost two bucks i'm reda foley it's curtains for netflix dvd by mail service correspondent shelley adler reports it started way back in april of nineteen nineteen ninety eight but friday the dvd service by netflix will come to an end it's been generally shrinking in the shadow of netflix video streaming service so the remaining distribution centers in california texas georgia and new jersey will be mailing out their final discs and there's a bonus for the fewer than one million recipients who still subscribe they can keep the final that land in their mailboxes in fact some of the remaining dvd diehards will get discs up to ten as a going away president from a service that once posted as many as sixty million subscribers actually after
The Dan Bongino Show
Scott Presler: How You Can Help Register New Voters in Pennsylvania
"I'm by and i follow a lot of i'm pretty sure that was you how are we doing in pennsylvania and do you think there's a possibility based on some of the the the the the move in the republican direction that we could win pennsylvania again well i want to speak very directly and please to the listeners of the dan bongino's show hear me out week by week we are being a net loss in voter registration for the democrats by about one thousand voters per week we are making huge progress the in commonwealth of pennsylvania despite john centerman being in the united states senate right now and i'll tell you i'm currently in pennsylvania i'm in pittsburgh so if anybody listening to the dan bongino show wants to get involved come tomorrow saturday the 23rd to hundred sleek street at ten a m we're going to be knocking on doors we're going to be writing letters to new movers in pennsylvania because i have a list and of forty thousand forty thousand movers new to pennsylvania those are people that we need to get registered to vote those are people but we need to alert of the closed primary process because if you're not registered as a republican you can't vote for donald trump or governor de santas or whoever the heck you want and so we must educate those new movers because joe biden quote unquote won the election in twenty uh... twenty two thousand eight by eighty thousand votes these new movers are
Evening News with Art Sanders
Fresh update on "thousand eight the" discussed on Evening News with Art Sanders
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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.
The Dan Bongino Show
Fresh update on "thousand eight the" discussed on The Dan Bongino Show
"The Secret Service to behind the microphone taking the bite to the radical left and the putrid swamp you're listening to the Dan Bongino show here he is Dan much Bongino so going on I'm a little um concern because we just finished the podcast and Jim what did I get through a third of the show maybes poor poor guys they prepare all these elements my my team it's a team it's all of us uh... they work really really hard and I feel bad when they they cut all this audio and he and Jim and everyone Jim's doing these calls at night and he's cutting this stuff and we didn't get to it because there's so much going on I've got so much to get at you today obviously last night's debate just I mean again just nuclear bomb after nuclear bomb I'm coming out about the Biden crime family uh... hilarious Matt Gaetz stuff on the floor there's just a lot to get but a big thank you first we had ninety two thousand eight hundred people in the chat for the podcast today which is obscene like I don't think you understand folks for live streaming that's and ridiculous thank you so much so you can always listen four hours a day an hour before at rumble dot com slash bongino and enroll right into the radio show we've got a lot of a lot lot of bleed over and it just benefits both audiences so thank you so much that was a record it was a record for us by far i think our prior record was eighty six thousand so uh... that was just amazing and just one quick note i know we're gonna i told you we were building this studio we're getting ready for a live studio audience stuff uh... we we were i'm not sure where that's going to go now after this debacle yesterday in martin county florida where i live where they're trying to be the tax capital of the south by hiking people's taxes i'm not sure jim's i'm laughing dying but you know i'm you know i'm right as you heard me you know pissed about this for two days now i'm not sure i'm willing to invest millions of dollars into a county that just hates business and just wants to tax the snot out of people i'm really not i moved to florida to pay less taxes not more taxes i thought this was a job -friendly state and martin county's embarrassing the entire state so five republican commissioners unanimously voted for a tax hike all humiliating themselves in the county just a total embarrassment so i'm no yeah i haven't mentioned it before i know i'm only mentioning it today jim's of course being sick but i say that related to the studio because i'm under projects on hold right now and you should do the same thing by the way do not pour business into places that don't care about your money and the people they care about taxes they have can taxes just not for me so we'll see what we'll do on that i'm not sure um getting back to the debate last night so listen here's the tough syrup of ipecac up up front a debate there are really three parties at play in any debate the candidates there's the moderators and the forum the network the uh the internet channel wherever the thing is being broadcast right i mean you go into endless numbers of uh stakeholders and shareholders in it but the reality is there were three parties that have something to lose the network the moderators and the candidates they all want to look good the network wants eyeballs the moderators want to look like journalists and look professional and and the candidates want to score score points with voters it's not a complicated analysis i just i like to kind of simplify things for people because i i've seen running for office myself that especially can the consultant class and the focus groups they tend to really over complicate okay politics at times they really do so we're going to be in the debate last night do that plans gotta i give you my honest assessment i think it's a triple failure one of the moderators was it abomination just so bad i'm not even sure i'm seriously not sure why the candidates even answered the question and moderator the univision moderator was so bad she was she wasn't even asking questions she was making political statements and you don't answer that question you challenge the statement because it's not a question it's a statement i'll get to so the moderators well that specific one big l big big huge gel network the and i listen i i don't say this out of any sense of bitterness i'm bitter not at anyone we hosted it on rumble too rumble had the exclusive video on this for the fox internet had the cable exclusive i think we both lost again i'm equity an holder and rumble i it doesn't it's not in my interest to tell you this but it is in my interest to be candid with it was just a boring debate it was just boring it just i i don't think a lot of eyeballs were on it it's just there wasn't a lot of interest i mean it did okay but that here's just a hard reality and i say this objectively when when isn't there people just aren't interested trump people aren't interested why jim because trump's not there and people who hate trump aren't interested because they want to see people attack it's that old howard stern thing for private parts that movie remember why do people who love howard stern because they want to hear what he's going to say next really well why do people who hate howard stern tune in because they want to hear what he's going to say next it's the same thing with trump you don't have to like him you're not obligated to do that on this show i think we've been pretty fair to all the candidates i know we haven't i'll accept nothing else hey it was just boring here jim what jim texted me last night i had already fallen asleep folks to to be honest with you i don't mean to sound like a jerk but i was already out i was at lily i know my mom used to tell me that when they get me to go to bed when i was younger because i was such a hyperactive crazy kid we're going to a party yeah it's in the room knowing about it is it's lily white's party and after like like the the second third time i
Mark Levin
GM President Fires Back: 'Flow of Misinformation' Could Prolong Strike
"Myths being shared out there in other some words of the lies by the UAW boss UAW leadership leadership claims GM pays its team members poverty wages you also heard this from the Marxist Bernie Sanders this is simply not true in our current proposal we are offering a 20 increase percent how wage many of you are getting that including for temporary employees who make only up six to ten percent of our workforce what he's trying to say there is it's not like we're hiring all these independent contractors and temporary employees to get around the contract we only have a very small number of our employees who are temporary and they're getting a huge increase too says that means about eighty five percent of current representative employees would earn a base wage a base wage of approximately eighty eighty two thousand dollars a year did you know that mister set in base wage contrast the average median household income in nine areas where GM has major assembly plants is fifty one thousand eight hundred twenty compared dollars to the eighty two thousand and total compensation for the eighty five percent of the workforce with overtime and benefits ready will be more than one hundred and fifty thousand their benefits are through the roof overtime and all the rest so the base is eighty two thousand even before you get the benefits add in the benefits in the overtime thousand dollars a year over one hundred and fifty now can you imagine a forty percent increase? for a four day work
Simply Bitcoin
A highlight from Michael Saylor: Bitcoin to $5 Million is Inevitable | EP 824
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yo! Welcome to Simba the Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution cover breaking news called dramatic warfare will be your guide through the separation of money and state today is September 14th 2023 another day in Bitcoin another day on the Bitcoin roller coaster they don't call the Bitcoin roller coaster for no reason there's ups and downs we hit 25k we're back to 26 ,697 but if you zoom out if you zoom out in the grand scheme of things if you believe in the meme 21 million divided by infinity or infinity divided by 21 million I think it is we all know we're early but there's something I want to talk about today specifically there was a very famous spaces that Michael Saylor did and I think he did it with some some legacy media people there's a huge spaces and there was three things that he said needed to happen in order for Bitcoin to 10x and then during that spaces he even said if these thing if these three things happen Bitcoin will inevitably hit five million dollars per coin now what were those three things first thing was the changing of the FASB rules right with the accounting the fair value accounting rules and that happened not too long ago we broke the news I wasn't there I had some swan duties that day but Opti and I think it was Rustin were holding it down so we covered that and then number two was large banks right I'm not talking about like small banks or you know these these Bitcoin crypto focused banks I'm talking about large banks offering institutional custody of Bitcoin of digital assets for their clients check that off that's happening you have banks all around the world whether it's Panko Santander the news that came out today which is I wanted to cover this is Deutsche Bank is applying for a license to custody digital assets for their customers and then there and the third thing which has been like the big news of this year is the BlackRock spot Bitcoin ETF or now I would even I wouldn't even call it the BlackRock just a Bitcoin spot ETF those are the three things that Michael Saylor said needed to happen in order for Bitcoin to just go parabolic into this five million you know etc etc and those things are basically already happening like the FASB check that off right that was a huge does a massive deal so check that off the list that doesn't start that doesn't start going into action until the year 2025 then you have so that's the FASB ruling then you have banks large banks cussing Bitcoin check that off the list as well really the only thing out of those three things is the BlackRock spot ETF or sorry the spot I keep saying BlackRock maybe it's a Freudian slip the spot Bitcoin ETF how long will Gary Gensler be able to delay this he got absolutely hammered in in Congress there was a hearing this week so yeah I mean this is pretty crazy and it's really interesting if you've been here for a while you know Opti and I are class of 2016 Opti's class of 2017 but it's the same epoch really you know one of the narratives that existed when Bitcoin was falling you know it fell from 20k back down to 3k and one of the coping narratives all the way down was the institutions are coming the institutions are coming the institutions are coming I think you could say without a doubt that the institutions are here you can't deny that now the thing is do the institutions have the necessary infrastructure to onboard on to Bitcoin and I think that's an open question but you can't deny that the institutions want exposure to Bitcoin that's undeniable right we broke the news the other day that BlackRock had a lot of micro strategy had a lot of exposure to public to publicly traded Bitcoin mining companies as well right so it's some very interesting stuff now here's the thing though right so yes this number go up whoop -dee -doo but remember the revolution is individuals taking back financial sovereignty by taking Bitcoin into self -custody so just because you're buying a Bitcoin spot ETF for BlackRock's Bitcoin spot ETF do Charles Schwab or Robin Hood or whatnot that that isn't real Bitcoin that's paper Bitcoin that's an IOU the only way that you get true real Bitcoin is by you know buying Bitcoin earning Bitcoin mining Bitcoin and taking that said Bitcoin into cold storage right and then preferably the step after that is stop trusting someone else's copy of the blockchain run your own run your own node the one I recommend personally because it's the one I use is start 9 they're freaking awesome so definitely check them out if you're interested in running a Bitcoin node but yeah it's a very interesting times that we're living in but uh you know I don't think I've ever been so bullish how you doing Opti and we're in the the simply Bitcoin merch today bro you're modeling I love it yeah yeah it's uh it's raining right now it's it's officially hoodie season so you're raining but you're inside yeah whatever I feel like wearing a hoodie today if it's nice it's comfy I'm wearing this all the time get yourself one at simply Bitcoin calm yeah man it's hey let your boy live for once geez yeah crazy you're not in uniform bro you you went from collared shirts to hoodies what happened you're regressing well suits coming soon I had a conversation with Chris yesterday I missed that episode man I love Chris shout out the coin shout out our boys over a Bitcoin mag but yeah crazy uh crazy developments and we really talked about it yesterday as well pretty pretty extensively on the show of how it is undeniable that the institutions want your Bitcoin there is so much institutional investment and there's just so much capital waiting on the sidelines for everyone for to get a shirt into Bitcoin you know like all the biggest asset managers well not all of them but many of the big asset managers of the world are looking to get exposure to Bitcoin we're seeing huge banks do the same thing and it just goes to show you that you guys are early and we are on the precipice of an amazing bull run as far as I'm concerned and now is the time to be stacking sats it's still what 26k so like we got the best opportunity ever and I know everyone is losing their mind because this bear market's been so long but this is where legends are made anyways on today's culture I saw this a couple tweets from Tom Luongo and if you guys aren't familiar with him he's a great I guess you call him like he is kind of low -key a gold bug and I know he's kind of maybe loosely understands Bitcoin but he created this meme in and I really wanted to touch on it today because it kind of changed my views on what we've been talking about we're always talking about you know the normies out there or in the not so nice way you know the sheeple out there and he coined this new phrase about like the masses comfortable are our wolves and I really want to cover this because I think it does change the framing and it's a little more positive view on what's going on in the world and we talk about it constantly that people need to feel pain and once they feel that pain and they wake up man shits gonna get really crazy and it really does feel like this is where we are right now so you know just prepare yourself it's it's you know are we on the precipice of a global recession who knows are we you know are we currently in a depression I don't know the official numbers are lying to us but we know that inflation is higher than they want and your purchasing power is going down the drain and I have these conversations with a bunch of my Bitcoin friends and we're all feeling the same thing it's like man dude things are getting more expensive and it's only a matter of time until people start to ask what the hell is going on right now and this is why we keep planting the seeds here on the show you know in personal conversations with people in real life and it's like we have built the foundation for people to protect themselves to get on the exit boat get on the safety net which is Bitcoin so get on the Bitcoin standard guys get on the Bitcoin standard that's right just get on the Bitcoin standard get on the life raft and you know you be watching the world around you doing doing its thing but you know that your future your family's future your wealth your time your energy your work is protected by the largest decentralized computing sorry I'm laughing at the chat you guys are wild breath 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 stamp 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 that's right ladies and gentlemen don't put yourself in a position where you have to explain to your grandchildren while you lost your generational wealth because you decided to store it on paper store your generational wealth on titanium one of the strongest metals on planet earth you could scan the QR code on your screen right now to take you directly to stamp seed website use promo code simply get 15 % off at the time of recording the Bitcoin price is twenty six thousand six hundred and forty sats per dollar three thousand seven hundred fifty four block height eight hundred thousand eight hundred and seven thousand six hundred fifty blocks to having thirty two thousand three hundred and fifty having estimate April 22nd 2024 total lightning Network capacity four thousand seven hundred seventy six Bitcoin capacity value a hundred and twenty seven million US dollars realized monetary inflation 1 .75 % the market capitalization of Bitcoin five hundred and nineteen billion dollars with a B Bitcoin versus gold market cap four point zero seven percent very very very nice all right good numbers overall you know I love my favorites that I always tell you guys this is the realized monetary inflation of Bitcoin 1 .75 % that number is going to continue to go down forever so it continues to take fiat currencies absolute school even if they get it to their targeted Holy Grail 2 % inflation you know it's not even gonna come close anyways I do have some ways you got my favorite number is block height cuz that number is going up forever Laura that that that number just it just makes an all -time high every ten minutes the matter what next block it's almost like a coin walk next block anyways here's a clip I have two clips for you guys here's a clip from SEC chair chair Gary Gensler and he said some interesting things at the hearing we're gonna play you some clips of this hearing as the days go by though so let's check out this clip and I have another one then we'll talk about it and help protect Americans from the crypto abuses that cost consumers billions if they were to live up to the investor protection built into their current laws it would help investors but right now unfortunately there's significant non -compliance and it's a field which is rife with fraud abuse and misconduct and help protect Americans from the so I I want a friend two things right I agree in a way and I agree in the sense that it is full of fraud it is full of abuse it is full of misconduct now the initial part and help protect Americans from the crypto abuses that cost consumers billions I'm gonna reframes that right from the crypto abuse that cost consumers billions fine you could say shit coins you could say this what about from the governmental inflationary abuse that cost people all around the world millions if not billions of dollars why is that never talked about and that brings me to one of Tucker's episodes that he did in Argentina he did an episode about a 10 -minute episode covering what's happening in Argentina he's gonna cover he's gonna interview Javier Maly Javier Maly is he is he's a hardcore Austrian economist libertarian he wants to end the central bank you know he wants to cut down on the administrative state all of that stuff he said some pretty crazy stuff not gonna lie Tucker's gonna interview him tomorrow but what was really interesting about Tucker's opening monologue which we're going to cover extensively tomorrow is he said the quiet part out loud the invade and inflation is deft politicians aren't productive the way that they raise money is through direct taxation but they could only do that for so long until people revolt so they do that through the hidden tax of inflation we must continue to chip away at this like you know peacefully of course but Chico chip away at this move the Overton window start get start getting people to ask the question what is money why does my money lose purchasing power is it necessary for my money to lose purchasing power that's when people are gonna start asking really big questions and remember they do not have a response to this anyways talking about shifting the Overton window here's Joe squawk five years ago you would have never have believed this we did have a a Bitcoiner who was a writer for Forbes and he got a bit upset when I said that the legacy corporate media changed their tune because of the black rock spot ETF and he said no that's not true I was working at Forbes from before okay I take his word for it he's a cable are news you trying to tell me that the interest from black rock to launch a spot ETF has not influenced their change of tune whatsoever I don't know about that anyways here's Joe squawk it's about a one -minute clip and then we'll talk about it and move on to crypto if you'd indulge me for a second because we always have these crypto conversations and there seems to be this thing happening I don't know Joe we were talking about $25 ,000 with Bitcoin meanwhile black rock and all these folks all the folks that we thought were never gonna do this are now doing it and yet it's not moving at all well it's moving today well I mean sure 26 this is 26 it was for when when we started saying it wasn't going anywhere 4 ,000 oh okay but so but the question is is this now a risk on a risk off thing what do you how do you even correlate this to what's happening with the Fed because for a long time used to talk about crypto in regard to the Fed so I think crypto settling as part of the ecosystem I think people have recognized it is not the new global currency people have also recognized not going to disappear tomorrow is becoming institutionalized and I think actually if I were a crypto person I think this maturation process is a good thing where it moves from day to day is I can't really comment on that I still think it's outperformed every asset one year five year and ten year I mean I think I think he's pretty jaded a little bit right like you know it's going to zero at 4 ,000 and mind you like Pete Russo does a great job doing this but like he goes back in time and finds like original posts of people which is why it's so important to zoom out when in doubt of people posting a Bitcoin isn't going anywhere and Bitcoin was at like $100 Bitcoin was at like $200 at the time right so like when in doubt zoom out obviously Joe is completely converted he's like why have we been talking about the short -term volatility when we started when we started covering this it was literally at $4 ,000 it's at 26 ,000 at the at the you know depths of bear market he gets it I mean and this is actually one of the things that has helped me orange pill as many people as possible it hasn't been me saying the bitcoins better money it hasn't been me saying like oh look you know separate money from state hasn't been me saying you know it's a deflationary currency blah blah blah blah blah blah you know it's been the biggest converter of people you plant the seed you say Bitcoin right they ignore you for like a couple of years and two three years later pass number goes up and all of a sudden you get that text from that friend that you haven't talked to you in a long time and he's like hey about that Bitcoin thing ng you is the biggest converter of people it is the biggest orange pillar in my opinion is the most effective way and clear you could see that with Joe right he was like hmm yeah I mean we started covering this was at 4k I don't know why you're talking about the short -term volatility what the hell's wrong with you anyways why are you pulling that up Opti oh it's from wine it's from wine anyways why what's why you know all the disgrace you've ever done and all the controlling calling me why it might be the worst no I'm just trolling love you wine anyways first and foremost you know shout out the Joe Kernen absolutely love to see him just constantly battle the corporate BS FUD around Bitcoin and and I say this all the time you know like number go up love it or hate it is the fundamental thing driving all a Bitcoin adoption there's that and then on the negative side all of the crazy stuff coming out from you know the bureaucrats out there we covered the g20 stuff where they're trying to roll out a digital ID CBDC central bank digital control mechanisms and these two things together are in my opinion the driving forces for Bitcoin adoption it's like you we say it all the time and and the memes been catching on Nico I don't know if you've been seeing it on Twitter but Bitcoin is slavery it's starting to catch on and people are starting to notice that it's not even hyperbolic anymore but anyways starting with the first video I totally agree with that congressman or whatever like crypto is full of fraud like what a hundred percent agree hence why we're Bitcoin only like there's Bitcoin and there's shit coin and it triggered the thought in my mind about I think I brought it up last week it was the idea I forget what video it was but we played something on in the numbers about the the scene versus the unseen consequences of economics and it's very clearly visible the scene consequences of crypto scams and it very easily noticed and you know it's always rolled out as like the detriment to the whole Bitcoin industry and those are the scene consequences obviously there's been a lot of people getting rug pulled getting you know losing their their life savings because of shit coin scams and so it's very easily an emotional thing you can roll out so people are like ah let's protect the little guy but as we've going to cover and I really thought you were gonna play that Tucker Carlson video that you put on your Twitter I'm sick dude I mean so I was divided I was divided about what I wanted to make the show I was like I was like are we gonna make it about Tucker are we gonna make this about the sailor I think the sailor thing I was I was much more excited about the sailor thing it's a little little thing came out in my head I'm like holy cow the three things that Michael sailor said needed to happen for Bitcoin to hit five million all of those things have happened they've all happened right so I was like we have to cover this we will cover Tucker tomorrow's really actually made a thumbnail for everything it was awesome but I guess I guess you know we'll put we'll put a pin on that thought but tomorrow remember we're gonna be talking about the unseen consequences of money printing and that always gets obfuscated it always gets lost on people because it's not like a linear connection you know like you you gotta you know there's some nuance to this and most people can't think past like 20 seconds you know ADHD or whatever like we're all being inundated with so much dopamine from from social media that we either tune out or it just like it doesn't seem like it's important and and I can see people in the chat saying the same thing that we always hear is like once you start talking about Bitcoin once you say the B word people instantly tune out and it's only a matter of time until people wake up to what's going on here so you know plant those Bitcoin fundamentals into people's minds without using the B word usually helps and and goes a long way and then you find like hey you know have you heard about Bitcoin here's the pill take it but yeah man it just it just goes to show that the world is waking up and every metric that I'm seeing is pointing towards the fact that I think in 2025 more people are going to wake up to the scam that is Fiat and of course the safety boat that is Bitcoin and hey we're here for it so I'm I am super excited yes yes hold on hold on Arthur you can buy our merch with Bitcoin if you so want to yeah exactly go and go click scan the QR code it'll take you directly to the website and you could you could pay you pay in Bitcoin I think a lot I think wine set up the lightning yeah yeah yeah we got you got we got you guys back we got you guys rep some simply Bitcoin merch anyways so yeah man it's a really really exciting stuff alright guys let's jump into the news we got a lot to cover today before we get into news actually right now we are currently sitting pretty at 70 likes help us maintain our streak let's break a hundred likes within the out first hour of the live stream so if you're enjoying the show make sure to smash that like but it smashes mess mess wait wait wait can we do a legacy smash the like button Nico something like that anyways guys let's get to 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 Blackrock Increases Bitcoin Stack | EP 811
"You You're against freedom Good morning everybody. We are back. What a weekend. We were in Austin all weekend. But anyways anyways Crazy stuff happening BlackRock increases their Bitcoin exposure But not in the way that everyone thought there was some speculation on the timeline on BlackRock stacking But they are getting exposure in every way possible Recent news shows that they've been buying a bunch of public mining company stocks So we're gonna get into all that news and then of course we just came back from Austin We were in BitBock boom so awesome to see all you guys in the flesh Hang out with Bitcoin family members as I like to call them friends acquaintances new faces old faces It was a great weekend and we streamed the whole thing live on YouTube I think it's on the Swan and the Gary's BitBock boom channel so if you want to catch all that we got it all recorded for you on the YouTube verse, but The reason I bring that up not only because we had a great time but there was another conference that happened over the weekend It wasn't by Bitcoiners though. It was by your favorite central bankers out there in Jackson Hole, Wyoming So I'm gonna kind of contrast the two we have the Bitcoin BitBock boom conference in Austin And then we have the central bankers meeting in Jackson Hole, Wyoming So, I don't know I thought it's very fitting that the two happen on the same weekend and we'll see the difference between The fiat monetary policy handlers and the Bitcoiners and the energy coming out of there You just love to see the contrast and of course guys also as you can tell I'm hosting the show today I will actually be hosting the show till probably Wednesday Nico has some family stuff that he has to take care of so send some thoughts and prayers over to Nico He will be back in a couple of days, but you guys know the show don't stop This is why we've been doing our best To make sure that I handle the show that we're training our boys Dell and Rustin on the show and we even have some people Coming off on the bench. So shouts out to our boy Mike Hobart Cuz we are making sure that the show don't stop for you guys We will continue to give you guys the signal as you guys know, this is simply Bitcoin We are your number one source for the peaceful Bitcoin revolution We cover breaking news culture and memetic warfare and we bring on Bitcoiners from all around the world from the biggest names to the everyday Bitcoiner we got them all and we will be your guide through the separation of money and state, but of course guys I'm not alone. I'm here with my co -host Dell Dell. How you doing this morning, brother? I'm good, but I got a got to do a quick correction to what you said about that other Symposium the the meeting over in Jackson Hole. You said it wasn't put on by Bitcoiners I'll change that too. It wasn't put on by Bitcoiners yet Yet they will be just joy just wait given enough time Everybody's gonna come around and see the bright orange light of Bitcoin. It's unavoidable Let's go. Alright guys. Well, let's get into the show. We got a lot to cover today The Bitcoin numbers 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 stamp 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 stamps Alright guys, as you know hit the QR code in the bottom and get yourself a seed phrase storage kit Do not leave your Bitcoin seed phrase on paper in your sock drawer Anyways, let's get into some of the numbers here. Of course. We're over here on Clark Moody's dashboard and Our favorite number the block high it keeps going up guys. It's almost like Bitcoin works. It is at eight hundred and five thousand one hundred 82 for the new all -time high of block height the current Bitcoin price is twenty six thousand one hundred and twenty dollars guys We're still in the 26k range Which means you have an opportunity to stack more sets than we did what two weeks ago? Which means the Moscow time aka the sats per dollar aka how much your Fiat dollars worth? It's currently at three thousand eight hundred and twenty Six and I did drop a poll in the chat guys. Are we gonna see 4k sets? I don't know Let's see what you guys think. Let's speculate a little bit in the chat for you guys get you involved Anyways, the total percentage of Bitcoin issued is at ninety two point seven one percent the current market cap in Fiat dollar terms is five hundred and eight point eight billion dollars Bitcoin isn't even at a Trillion -dollar market cap yet. We're a half a trillion Anyways, the realized monetary inflation taking fiat currencies to school was at one point seven five percent and someone asked me on telegram What what does this number mean? It means like even though Bitcoin is hard cap there is a realized monetary inflation until 2140 until the last Bitcoin gets released and That is going to get halved and cut in half in April and actually dealt maybe Can we can we talk about your your dad the little story you just told us in regards to the halving and and this number The monetary or realized monetary inflation. I think this might be an interesting little story, but tldr me I know how you like to talk so tldrs The long and short of it is if you keep on talking To people and you keep on blasting them every time you get on the phone with them about Bitcoin then sooner or later They'll either I guess I guess there's a bit you run the risk of them telling you to never speak again, but Sometimes they might start to see some some of the things they might go. Wait a second so if the halving means that there's less Bitcoin to be found and there's only ever gonna be X amount 21 million and More people want it as time goes on. That means that the price goes up, right? And I'm like like Lavi said that was a tldr of my my conversation with my dad and I said that's exactly what it means There's only so much it's gonna get more and more scarce and the price can only go one way so Yeah, they're waking up. They're be they're noticing people are noticing. Okay last couple numbers We have the Bitcoin verse gold market cap is only currently 3 .96 percent of the gold market cap If you remember gold is I believe around 10 trillion dollars Bitcoin Still less than half a chair above a little more than half a trillion. Anyways, the total lightning capacity is 24 ,746 point nine four BTC the hash rate the last 90 days is 377 point four exa hashes and the pending fees is currently three point one one BTC Okay, guys as I was telling you guys This weekend we had a contrast between two different Conferences we had bit block boom in Austin the Bitcoin maxi conference Well, all your favorite bitcoiners were and we were live streaming from the floor. We were holding down the media desk and we had the central bankers meeting in Jackson Hole, Wyoming and I just I that the irony isn't lost on me that they happen on the same weekend, but you can tell that there is complete difference in Ideologies and the feeling coming out of these conferences and first and foremost I'm pretty sure we played this video for you guys over the weekend on the streams, but I want to play it again Because you can just see not only the hubris of Christine Lagarde, but notice the body language of her Does she really believe what she's saying or is she just saying this stuff just to say it to play the confidence game? And I also got a story or a newsletter article Sorry coming out a couple days later about what was said at the conference And again, we are contrasting this to bitcoins monetary policy because that's what it's all about and remember what Dells dad just said People are starting to wake up. People are starting to notice and they're starting to understand Wow, maybe I want to get some Bitcoin just in case just catches on Anyways, we have a tweet here by Christine Lagarde. She goes hello from the Jackson Hole economic policy symposium I'm looking forward to sharing my thoughts and exchanging views with central bankers from around the globe on the very relevant theme of Structural shifts in the global economy Thanks for hosting the event Kansas City Fed. All right, let's just get into this little video notice her body language And what is she even saying here? Anyway, let's get into this to all of you and I would like to share this Magnificent panorama that is behind me. It is the setting of the Jackson Hole conference that takes place every year It is a little bit like the Sintra of the West except it's been around for longer Many central bank governance many academics many experts in monetary policy and on the economy in general Will be gathering for two days and we will talk about the current situation The major shifts that we are seeing the major breaks and how we can best response with good policies That will actually help bring inflation back to 2 % This is the goal. This is the mission. We're not done yet We are working hard But we also have to compare notes and share our views with others so that we can have really the highest level of confidence That we are taking everything into account, but this is a very inspiring place to do it Interesting, okay first and foremost, of course they are still struggling to maintain 2 % inflation rate as we like to call it, you know, the the publicly Acceptable amount a Purchasing power they can steal from you every year is 2 % and they're struggling to get back down as we've been covering for a long time on the show The inflation rate the official inflation rate CPI is nowhere near 2 % It almost got as high as 10 % I think there's somewhere roughly around 3 % right now and they are still working on getting that lower But anyways, let's talk about what they actually talked about or as Christine Lagarde was saying You know share our notes in Jackson Hole, Wyoming, you know It might sound Very very simple very innocent. We're just gonna share our notes so that we know what's going on in the world So we're all on the same page Some might say they're conspiring but hey, let's not go down that path Okay We're over here on Bloomberg and we have an article here and it goes at Jackson Hole post inflation challenges vex central bankers and the subtitle Is pledge policymakers to keep rates high until inflation is tame as you can tell the theme is inflation is not tamed Anyways, let's get into this article and I will jump back and forth on a few different articles from Bloomberg and then of course I am going to angle this in regards to Bitcoin and Bitblock boom that we just all were hanging out with over the weekend in Austin so the world's top central bankers stress the need to keep interest rates high until inflation is contained and Their job harder at an annual Federal Reserve gathering in Jackson Hole Wyoming keynote speeches from Fed chair Jerome Powell and European Central Bank president Christine Lagarde on Friday Laid out the challenges each is facing in deciding if they should extend Historic strings of rate increases that began last year at the same time They offered investors few clues as to whether they would in fact Do so in the coming months and there's a link here and I want to jump on to this other link real quick Because of course as Bitcoiners, we know what our monetary policy is and yet people are still out here Waiting for the people in suits to tell them what is happening with their money Anyways, what are these clues that they're talking about? So Powell has bond traders right where he wants them full of doubt Interesting interesting as we know monetary policy at least in the fiat world is a game of trust a game of confidence and Playing with that confidence they want you full of doubt so you don't know which way they're gonna go Are they gonna pivot are they you know, they're gonna lower rates.
Crypto Banter
A highlight from NEW COVID VARIANT HERE NOW!! (What will crypto do?!)
"I think we all know that this video is going to be shadow banned and probably going to be removed by YouTube. But I'm going to speak my mind here and I'm going to show you what's actually going on because there is talk of a new COVID variant and I want to show you what's going on so that you're up to date and you know exactly what's happening. I know you think I may be blowing things out of proportion, but just just have a look here and tell me what what you make of this COVID is making a comeback this summer. So many of us would like to leave it in the past, but cases are once again on the rise. So when will new booster shots roll out? And Thompson asked the CDC director. So COVID is on the rise, but when will the new booster shot be out? Does that remind you of anything? Does that maybe remind you of of the old COVID, the old COVID lockdowns? What's going on here? What are the what are the the the motives here? Why is this coming back and why is this coming back right now? Is there actually a new variant? What is it all about? We're going to speak about that. We're also going to speak about Bitcoin because look, Bitcoin's under the 26 ,000 level. It's not really an emergency just yet, but the real like emergency I would say is if you look at total three, which is the total alt market cap, excluding Bitcoin and Ethereum, and that is now back at levels of just after the FTX collapse. So this is where the FTX collapse was. And if you look at where total three is, this is where total three is. It's the same levels as it was just after the FTX collapse. Now, the question is, what is the future of of this altcoin market? What's it what's it going to do? What's it going to do in the near future? And speaking of COVID, if you look at the Bitcoin RSI, which is the sentiment indicator on Bitcoin, you can see that the RSI are so oversold that the last time that the RSI were oversold is here at this previous COVID low, which where Bitcoin was 3 ,875. So I mean, is this a coincidence that the two COVID lows are or the two RSI lows was at the previous COVID pandemic, beginning of the previous COVID pandemic? And this one again is at the beginning of the new COVID pandemic. We're going to talk about that. Also, a big day today on the NASDAQ, because today we have Nvidia reporting results. You can see Nvidia has had a huge tear this year. I mean, a lot of people actually talk about this rally being the AI rally and the stock that has led the AI rallies in video and they're reporting earnings today. If the earnings if Nvidia's earnings beat forecast, then NASDAQ rallies and probably continues to rally towards an all time high. disappoints If Nvidia today, then we probably see a 5 % correction in the NASDAQ. And then you're going to get the bears coming out and saying that this is we're entering a bear market. So big day today on the NASDAQ. Also, we're going to cross over to BRICS to see what's happening in BRICS. I know that Vladimir Putin spoke. He spoke about the dollarization. The Brazilian prime minister spoke about the dollarization. So we'll touch on that. And then I'm going to show you some tokens that I'm actually looking to buy. Now, I want to just say I'm not buying yet. I'm getting ready to buy. I'll show you what the tokens are and why I'm getting ready to buy. And I know you're probably looking at this and going, are you crazy talking about buying tokens when the market's like this? But that's what I'm going to show you. I'm going to show you my rationale and my thinking. So lots to do today. Let's get in. How scary to think that the IRS is actually back at pre -COVID levels, that the sentiment is actually back at pre -COVID levels in the last time that this happened, Bitcoin was at three thousand eight hundred and forty dollars. And I think we then had a rally of seventeen hundred percent. Yeah, sixteen hundred seventeen hundred percent rally after the IRS eyes were this low. So I wonder if the pattern is actually going to repeat itself. Also, I wonder if we're going to get lockdowns again. I wonder what the motives are. In fact, I don't wonder. I'm going to show you what I think the motives are for this this new whisper of COVID lockdowns about a year and a bit before the elections. I mean, look, it's definitely coincidental. There can't be there can't be anything else to it. It has to be coincidental. So we're going to talk about that. We're going to talk about the Binance FUD, because I think that's that's something we talk about. Yeah, lots to talk about, lots to talk about. So listen, if you are new to the channel, obviously subscribe, subscribe, subscribe to our channel, the fastest growing major channel in crypto. If you have been here for a long time, you know the show is going to get shadowbanned. I know the show is going to get shadowbanned. We spent the whole morning deciding whether we wanted to actually talk about that. And we decided that we would rather bring you the truth and not get censored. And if we lose views or if the channel takes a bit of a knock, so what? And the only way I can you can help me get out of this is smashing the like, putting positive comments and helping us get completely, completely, completely unshadowbanned. All right. So let's get into the meat and potatoes of the show. So, yeah, let's quickly look at this. So we've got Sheldon was showing me the Bitcoin chart today, showing me something quite scary. I don't know if I if I actually believe him, but he says, look, if you look at where this rally in twenty seventeen, the rally that took us out of this started, you can say the rally in twenty in twenty eighteen actually started in, say, twenty fourth of December. If you look at where this year's rally started, pretty much more or less the same time, twenty third, twenty fourth of December. Then he says, OK, when did we top? When did we top on this? They can let you can say, look, we topped somewhere around twenty fourth of June or near July. And if you look at this, when did we actually top somewhere around June or July? And he's saying, look, we are following this trend. We are following the cycle. If we do follow the cycle, we could have quite a long way to go before we get to the same levels here. And I do think that we are following the cycle. I want to actually show you. So if we look at the pre -harving cycles, I don't think there's anything different in in the cycles. You can see that we have a a downtrend, we have an uptrend, we have a reaccumulation zone. And then as we get to the halving from the halving, we really start climbing. So I don't know if this year is going to be that different. It looks like the cycle, as much as I hate to say it, it does look like the cycle is is playing out very similar, very similar to two previous cycles. We're also getting in the cycle while this is all happening, we are getting the short term holders capitulating. So if you look at the short term holder, the short term holders, they completely, completely, completely capitulated while the smart money is actually starting to accumulate at this level, at this level of the cycle. And what you see now is you're seeing a whole lot of FUD on Altcoin. So no, Benjamin Khan saying, look, there is a chance that, you know, Solana goes back to eight dollars. I've seen the bear saying that that we could go back to to to a Bitcoin price of nine dollars, nine thousand dollars and twelve thousand dollars. Remember that in this part of the cycle, in the bear part of the cycle, the bears get to be right and they get to tell you that they're right just for like a short period of time because bears will keep calling the market down. They'll keep telling you that Bitcoin is going down to twelve thousand and whatever else. And they'll be right for like short periods of time. But long, long periods of time, they won't be right because the market will just continue to go up and continue to go up. So let them enjoy their moment in the sand. I have been actually looking at the rainbow chart now. You know, I mean, initially I was obviously very, very, very skeptical of the rainbow chart. How the rainbow chart works is it tells you whether Bitcoin is overbought over here. Yeah, it's like maximum bubble territory, serious set of FOMO intensifies. Is this a bubble huddle? Still cheap, accumulated by and basically a fire cell. And as much as, you know, initially I was quite skeptical about the rainbow chart. If you look at it over a long period of time, it actually is quite right. And you can see that right now we're entering the we're in the buy zone and we're entering the basically a fire cell. So there's not actually that much panic on Bitcoin at the moment. Sentiment is bad, but it's not like it's not extreme fear. People are scared, but people aren't very, very scared. And that's why I'm not really ready to start buying old coins yet, because I think that there'll be better opportunities. I'm not saying don't start dollar cost averaging, but don't spend all your money now. And the reason why you probably shouldn't spend all your money now is because we're not at the point where people are panicking. People are getting demotivated. People are getting depressed. But remember that that's what this part of the cycle is designed to do. This part of the cycle is designed to depress you. That's why it's called the depression phase. Now, if we are here and we do have this accumulation left to go, I really hope that the accumulation isn't as long as the previous accumulation, because you can see that it took about a year and a half from that point to get to the same level in the last cycle. I don't think we're there, but I mean, you do need to prepare yourself for a marathon and you do need to prepare yourself to take maybe a little bit more losses if we follow the previous cycle. Be that as it may, as I said, I think I'm in the camp of this rainbow chart, which basically says, look, when prices start coming down to the bottom here, when they start reaching this oversold territory, just keep accumulating slowly. But the main thing is stay in the game, because I showed you that I showed you this here. I'll show it to you again. The main thing is that you've got to be here when these one, two, three, four, five days happen and one, two, three, four, five, six days happen and one, two, three, four, five, six days happen. The whole increase in the price of Bitcoin, 100 percent increase was here over 24 days, eight, eight and eight or seven, seven and seven. So I think you've got to be here. You've got to be here when this happens. So don't get demotivated now. Don't give up now. Now is probably the best time to to actually be accumulating. And I'll show you a bit later what it is that I'm actually accumulating and why I'm actually accumulating it, because a lot of people were talking to me about my tweet yesterday. Let's look at the bubbles. Oh, I'm loving the bubbles, Josh, I must say, and actually, to be honest, it's actually not only me loving the bubbles. I see Kasper is down seven point two eight today, maybe getting into my buy zone. Not yet. Not yet. Robert also down six point five three, also not in my buy zone yet. I mean, as I said, I am loving the bubbles. For those of you who don't know, there is a morning banter research call. Just click on newsroom over here. You'll see that we have a call in 17 hours added to your calendar and then you can join our morning research call. Also, if you want to search for a token, like, for example, if you don't know where Solana is, just search and you'll see it actually starts flashing. So we've built that functionality. And I think a lot of people are starting to notice bubbles today and now you can see earlier yesterday who's back streaming, by the way. And I actually I love his videos. So he he was also one of the people that really helped me when I when I started banter. He was one of the guys that like really, really helped me with the channel. So good to see him streaming again. And yesterday on his stream, he actually spoke about banter bubbles. Let's get to a really good tool. This tool was created by Crypto Banter. It's called the Banter Bubbles. And I want to be clear here. If you've been on crypto Twitter or if you follow this industry closely, none of these names will be a shock to you because these have all been talked about a lot on crypto Twitter. I'm not the first person talking about any of these. But one thing I think is really easy is you go to the banter bubbles here and you go ahead and you set it over to the year. And this gives you the highest performing tokens over the last year. And you can also say top one hundred, top two hundred. So good to see that other streamers are actually starting to to notice banter bubbles.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1379: Bitcoin Will Reach $400,000 Next Halving Epoch
"In today's show, we're going to be discussing Bitcoin analysts eyeing a V -shape Bitcoin price bounce as the RSI hits a five -year low. I'm also going to be sharing with you a new Bitcoin bull cycle metric, which bought them before 70 % gains. We'll also be discussing mysterious Bitcoin wallet becomes the third largest Bitcoin hodler in under three months, now at over $3 billion. We'll also be discussing the trader who nailed the 2018 Bitcoin price floor predicts the bear market bottom for crypto. I'll be breaking down his outlook. We'll also be discussing Guggenheim predicts a $400 ,000 Bitcoin price prediction, as well as Blockware. They share that the Bitcoin price can reach $400 ,000 during the next halving epoch. I'll be breaking this down for you. 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 podcast episode number thirteen hundred and seventy nine. I'm your host, JV. And today is August twenty second, twenty twenty three. And naturally, we have lots to cover. Unfortunately, the market is continuing on its downward spiral. We just broke that twenty six K resistance, as you can see here. And our market watch, we've got Bitcoin currently hovering just above twenty five thousand eight hundred dollars. We have Ether barely holding on to sixteen hundred. So the million dollar question becomes, how low will she go? And checking out CoinMarketCap .com, the crypto market cap barely holding on to that trillion dollar milestone, with about twenty eight billion in volume. In the past twenty four hours, we have the Bitcoin dominance at forty eight point four percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers for the past week, virtually nothing, and maybe just a handful, just a sea of losses, very unfortunate for the entire crypto market and checking out the crypto greed and fear index. Of course, we're still in fear today, rated to seventy eight. Last week was a fifty three neutral and last month a fifty four neutral as well. So there you have it. I mean, I've been taking advantage of this recent dip. I mean, sub twenty six thousand dollar Bitcoin seems like a bargain. If you're to ask me, let me know in that live chat. And now let's break down today's Bitcoin technical analysis and check out the charts and what is happening right now in the markets. Bitcoin stayed stubbornly anti trend today, August twenty second, as twenty six thousand became a magnet for the intraday Bitcoin price action. And again, we're just currently dropping right below it. And regarding the RSI readings, here's what someone had to share. At this stage, it feels like a game of chicken to see who is going to make the move to break the chop, according to material indicators. Now analyzing liquidity on the Binance order book, he also notes that a broad lack of liquidity, increasing the potential for a sharp move in either direction. Quitting the analysts here, the market is waiting to see if more bid or more ask liquidity is going to be attracted to the range. So far, we're seeing small amounts of bid liquidity ladder up from twenty thousand closer to the active trading zone, but no liquidity of any size new or moved has been stacked into the range, defending the price from the lower low. The implications were nonetheless potentially very serious for the bulls with the lower low apt to risk even a twenty thousand support going forward. Quitting the analysts again, needless to say, printing a lower low on this time frame has macro implications. Printing two lower lows would push the Bitcoin price to sub twenty thousand dollar levels. So a great question. How many of you are anticipating the Bitcoin price action dropping below twenty thousand? Let me know. Now zooming out, hope remain that Bitcoin can rescue its overall uptrend. So it's not all doom and gloom. In a dedicated video, we had crypto analyst Mikal van de Poppe shared that on the twelve hour time frames, the RSI measured less than nineteen at the time of writing near its lowest level since the twenty eighteen bear market bottom. Daily levels were similar, reaching their lowest since the March twenty twenty no vid crossmarket crash, quitting him here. Every time we see such a move, you get a sort of V shape recovery back up and it finds equilibrium on the higher floor. And he also added it was very likely that Bitcoin can stage a comeback to focus on twenty six five or more next as the outlines here in this chart. He also shared that the current Bitcoin price action reminds me of September twenty twenty absorption and slowly grind higher here for a while. And I can see this play out similarly. So there you have it. What are your thoughts? Do you feel we're likely to continue downwards, potentially sub twenty thousand or even touch in as low as twenty thousand? Or do you feel we're likely to continue climbing back up as the analysts on the ladder shared? Let me know your honest thoughts in the comments. Right down below. Now let's discuss a new bull cycle amongst us right now. Shall we check this out? The Bitcoin metric that nailed the pit of the twenty twenty two bear market says this uptrend is still intact. Let's go and a new post. The creator of on chain analytics platform looking to Bitcoin shared some good news in the form of Bitcoin's realized cap huddle waves metric. Let's go. While last week's 10 percent Bitcoin price dip has up ended some of the on chain landscape, the our huddle is one of the metrics taking the longer term view of what remains a timely bull market. This metric takes existing huddle waves data, which groups the Bitcoin supply when each coin or specifically the unspent transaction outputs last moved and waits it by the realized price. An example of the price at which it last move, quoting them here, peaks in younger age bands, highlights the periods where they have a proportionally higher realized value waiting relative to the older realized value age band, said Philip Swift. And he also shares this is important to note, as it indicates that the market is prepared to pay higher values for Bitcoin today and in recent times versus historical norms. This can be a good indicator that the market is becoming overheated. What are your thoughts now? Currently, the bands of coins that last moved three to six months ago are rising, a phenomenon coming to the start of the Bitcoin's previous bull markets. And on the topic of the August drawdown on Bitcoin Swift thus concluded that the recent price dip is the context of a much bigger bull trend, quoting him again here, three to six months band trending up as new money comes back into the market equals new bull cycle. Let's go. Now, our huddle has an impressive record when it comes to Bitcoin price phases. Back in December of last year, when Bitcoin was circling its two year lows of 15 six, which is the current market bottom, Swift used this metric to call the end of the euphoria among Bitcoin's speculative investor cohort, which he labels Taurus. He stated that that time that the market is likely now at these cycle lows, which means maximum risk reward opportunity, which I discussed in great detail yesterday. I said there's way more reward than risk currently in the market. And beginning in January of this year, Bitcoin began a new uptrend that delivered 70 percent gains just in quarter one. And since then, investor composition has changed with the short term huddler entities holding Bitcoin for one hundred and fifty five days or less, reducing their overall exposure to their lowest since November of twenty twenty one. And the latest dip nonetheless increased pressure on those remaining speculators, but almost 90 percent of the short term huddler coins now held at an unrealized loss. But I also like to point out that also the smart money, which are the whales, are continuing to accumulate. So even though the short term investors are the paper hands selling their Bitcoin potentially to BlackRock or MicroStrategy, whatever big corporate interests out there, the smart money is continuing to huddle. And as you know, we like to follow the smart money with that being shared, fam. Now let's discuss this new wallet, which came out of nowhere and has now accrued over three billion dollars worth of Bitcoin in less than three months. Who do you think owns this wallet? Well, let's look into it and discuss it, shall we? A mysterious Bitcoin wallet has surged up the ranks to become the third largest huddler of Bitcoin in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform Bitinfo Charts, the wallet address first received Bitcoin on March 8th, and over the course of the next three months and two weeks, the wallet had accrued a staggering one hundred and eighteen thousand BTC worth over a billion dollars at today's current prices. Now, the rapid and significant accrual of Bitcoin within a single wallet addresses has attracted its fair share of conjecture naturally on X. Some users suggest it's most likely a crypto exchange moving their funds, while some more radical members have posted and more wild theories suggesting that Black Rock is the prime suspect. As shared here, this unknown address has accumulated over three billion dollars worth of Bitcoin in the last three months. The prime suspect, my first major transaction, which was thirty four hundred Bitcoin, occurred on May 16th, 2023, almost exactly one month later, on June 15th, when Black Rock filed for spot Bitcoin ETF. Now, very interesting, right? Now, the current largest Bitcoin wallets in the world, according to Bitinfo Charts, are reportedly owned by Binance and Bitfinex and are Bitcoin cold storage wallets. The unknown Bitcoin wallet comes in third place and is then followed by another Binance cold wallet in fourth place. Now, Black Rock made waves in the crypto market, as we know, June 15th, filing an application for the spot Bitcoin ETF product that, if accepted by the SEC, will be the first of its kind in the United States and completely change the game. Black Rock's applications sparked a wave of filings for similar spot products from a horde of other Wall Street heavyweights, including Fidelity, Invesco, Wisdom Tree and Valkyrie. The prospect of a spot Bitcoin ETF whipped crypto analysts into a frenzy, sharing their bullish predictions for the price of Bitcoin with Fundstrat's head of research, Tom Lee, suggesting that Bitcoin can reach a price of one hundred and fifty to one hundred and eighty thousand dollars per coin following the halving event scheduled to be in April 2024, which is now officially less than nine months out. What are your thoughts, though, fam? Let me know in the comments. And at the end of the show, I'll be reading everyone's comments out loud. Now let's discuss before we get into very bullish price targets, including this four hundred thousand dollar prediction, which is the main topic for the day. First, let's discuss where's the Bitcoin price likely to bottom out, according to this top analyst. Let's discuss it. The trader who accurately called Bitcoin's twenty eighteen bear market bottom is forecasting how the entire crypto market can carve a price floor for this cycle. Synonymous analyst Bluntz, what a username, love it, shared on social media X that he closely is looking at the total market cap of crypto, which is the total chart. Bluntz says he sees the total chart losing about 15 percent of its value before crypto assets can witness a significant bounce, quitting him here, looking at total paints, the clearest picture of them all and far more than looking at either ETH or BTC on their own based off the total chart. I do believe the June lows still need to be swept before calling bottoms, but it will probably be the last good buying opportunity of the next few years. So seize the moment, fam. And as you can see in this total crypto market chart, you can see we're currently sitting at just barely above one trillion. He sees us dropping before rising to one point four trillion dollars. So it appears that he expects the total market cap of all crypto to plummet to roughly eight hundred and eighty billion, wiping out one hundred and twenty billion off the current market. The analyst is a popular practitioner of the Elliott Wave theory, which we commonly cover here, an advanced technical analysis approach that attempts to predict the future price action by following crowd psychology that tends to manifest in waves. Bluntz says that his prediction is based on a model that outlines an asset's potential correction after a steep rally based, quoting him here, based off simple Elliott Wave model, viewing the rise from the lows as an impulsive move and our corrective wave from the highs being around 70 to 80 percent complete. Now, let me know if you agree or disagree with the crypto analyst. Do you think the crypto market cap needs to shed another one hundred and twenty billion before we rise back on up? Let me know your honest thoughts in the comments right down below. Now let's discuss Guggenheim's seven I'm sorry, four hundred thousand dollar price prediction. Scott Minard, who is their CIO. He originally made this prediction, I believe towards the end of twenty twenty one. Now, unfortunately, he has had a heart attack and he passed, so he's no longer with us. He literally died in December of last year. But nonetheless, he still made this prediction. So we're going to cover it and then we're going to discover the outline metrics from Blockware and their four hundred thousand prediction for the height of this cycle for the next halving reaching the epoch, which is also interesting because they're also suggesting a four hundred thousand dollar price action per coin. Then we'll dive into our live Q &A. So here we go. This was again, this article was dated, as you can see here, January 18th, twenty twenty one. So this is roughly just over two years ago. And at that time, Bitcoin was trading just above forty one thousand dollars. So here's the prediction coming from Scott Minard, from Guggenheim, a large, large asset manager. I think one thing that we are seeing is the sudden interest in retail. We are moving into a speculative frenzy and perhaps it's time to take some money off the table. Now, the debate around Minard's two opposite comments for Bitcoin sparked curiosity amongst the crypto community when he said time to take money off the table. And he also added on this tweet, it was before it became X, it was right Twitter. So he shared Bitcoin's parabolic rise is unsustainable in the near term, vulnerable to a setback. The target technical upside of thirty five thousand has been exceeded time to take some money off the table. And just at that time when he made that tweet, Bitcoin entered a strong correction. And over that time, Bitcoin tested support at thirty thousand twice before resuming back northwards and also talking about the positive side, back to the four hundred thousand price prediction. The Guggenheim CIO said that Bitcoin is becoming a favorable asset class slowly. That's right. And still remains positive on the Bitcoin price action for the long term, quitting him here. The other side of that is demonstrating that crypto is becoming much more mainstream. The four hundred thousand dollar price I talked about was based off the supply of gold in the world and crypto in a lot of ways is more attractive than gold. Let me know if you agree or disagree. I absolutely agree that Bitcoin is way more attractive than gold and comparing it to the yellow metal market. Minard said that Bitcoin comes with additional benefits like portability and ease of transactions. And note that Guggenheim Partners is already seeking five hundred million dollars worth of exposure to Bitcoin via the Grayscale Bitcoin Trust, which is the GBTC product, the largest HODLer Bitcoin in the world. They currently control over four hundred thousand BTC. So this will be a 10 percent exposure to Bitcoin from five billion Guggenheim's macro opportunities fund. The investment giant's proposed SEC filing shall become effective January 31st. And when asked Minard of if any of their funds have been allocated into Bitcoin, Minard hinted that they are still waiting for the SEC to approve their proposal. He added that if client demand picks up, they would possibly consider some allocations. And he also revealed that some small private Guggenheim funds have done some allocations, quoting him again, and some of our private funds, we have already purchased it. I recommended it to somebody. So if you believe what I said, that it'll go to four hundred thousand dollars per coin eventually, then two percent of your portfolio will be 20 percent before this is all over. So there you have it. Let me know if you agree or disagree with Scott Minard. And again, rest in peace. The dude had a heart attack at the end of last year and is no longer with us. And with that being shared now for our main story of the day, and that's the block where outline prediction of a four hundred thousand dollar Bitcoin price, along with the math to back it up. Now, this is pretty awesome. And again, shout out to everyone today in our live chat. I appreciate everyone's support. Shout out to Blockware Solutions as they shared on X how Bitcoin can reach four hundred thousand dollars per coin during the next halving epoch brought to you by Blockware Intelligence. Here we go. Twenty twenty four halving analysis, understanding the market cycles and opportunities created by the halving. Unlike other commodities, Bitcoin has a predetermined algorithmic supply schedule, which cannot be changed. There are multiple factors contributing to the cyclical nature of Bitcoin's price, including network adoption and the macroeconomic environment. But the most impactful is the mining subsidy halving. Yeah, that's right. Bitcoin's market cycles are unique due to its fully transparent block chain, providing market participants with more granular information than any other asset class. And moreover, the predictable supply schedule further impacts the psychology of market participants and example demand. So number one, halving's reduce the sell pressure. Miners are the primary force of sell pressure on the price of Bitcoin they receive, although the newly issued Bitcoin and the majority of which they must sell in order to fund operating expenses for their mining operations, the weakest miners on the network are eliminated and sell pressure is significantly reduced. The price of Bitcoin begins drifting up and a new wave of adoption then begins and assuming a thirty five thousand price action after the halving, the U .S. dollar value of Bitcoin mined per year can drop from eleven and a half billion to five point seven billion dollars. That is one hundred and sixty four thousand two hundred and fifty Bitcoin less mined every year, more than MicroStrategy's entire Bitcoin treasury. Now, after the inefficient miners capitulate, the profit margin increases for surviving miners, which further reduces the sell pressure. So based on the post capitulation hashrate estimate, this would result in a two point three billion dollar reduction in annual sell pressure from the miners. Now, number two, halving brings new demand with supply being diminished. Demand is the only remaining variable determining the market price of BTC. Many market participants understand the supply side dynamics at play due to the halvings. Historically, this has led to a surge in demand in the months following each halving, as evidenced by on chain data. We'll be checking out these charts in a little bit and do the positive sentiment market participants prepare to deploy capital at the first sign of upward momentum. Now decreased supply plus increased demand equals strong positive signal for the price appreciation. Number three, the halvings cannot be priced in. Despite their predictable nature, halvings cannot be fully priced in before they occur. A higher price today would result in more miners coming online, introducing additional sell pressure and limiting the price appreciation. And moreover, the weakest miners, those with old generation machines and or high operating costs, are the first to unplug post halving. The elimination of these miners significantly reduces the sell pressure as they were selling most of their Bitcoin to fund their operations. Lastly, there are some market participants that believe halvings are bad for the security of the Bitcoin network as the diminishing block subsidy reduces the amount of miners making Bitcoin more vulnerable to an attack. And when halving successfully occur, these doubters are proved wrong and positive sentiment increases. Now, number four, Bitcoin cycle volatility and historical performance. Bitcoin's extreme volatility is a side effect of its halving shocks and rapid global adoption, resulting in four distinct stages within each halving cycle. Stage one, the halving, stage two, the bull market, stage three, the bear market and then stage four, recovery. And while Bitcoin is often criticized for its extreme volatility on a long enough time horizon, its volatility is solely to the upside. Keep that in mind. Now, nobody who has ever bought Bitcoin and held it for more than five years is down on their purchase. That's worth repeating. Nobody who has ever bought Bitcoin and held it for more than five years is down on their purchase. So in a long term, how long is that? Holla in the live chat. And for each epoch, the price of Bitcoin has increased by the following amounts from the halving to the next bull market top from 2009 to 2011. We had a 584 X increase in price action from 2012 to 2015, 92 X from 2016 to 2019, 30 X and from 2020 to 2024, 7 .7 X. And now number five, diminishing returns may not be the case going forward. Some question the bullishness of these halvings as the stock of existing Bitcoin grows relative to the amount of new bitcoins being mine. This is a common perspective, but it may be incorrect. Less than 10 percent of the existing Bitcoin have moved in the last month. A large majority of Bitcoin is held by users unwilling to sell at today's price. Now, the small amount of bitcoins that is moving and being traded is what determines today's price. There is a baseline of demand and from Bitcoin are saving for the future. The reduction in sell pressure becomes more pronounced, each halving after Bitcoin more than doubles in price. This indicates that halving induced reductions in sell pressure could become more extreme and potentially lead to larger bull runs in the future. Now, 2024 will be the first halving where the supply of Bitcoin available for trade decreased since the previous halving. And during spring of 2020, the percentage of the outstanding Bitcoin available for trade was at an all time high, indicating the Bitcoin was over becoming more abundant. However, this trend had reversed over the last three and a half years. And as the new bull market begins, there will be less Bitcoin available than the previous cycles. The first halving this has ever occurred. And assuming the price of thirty five thousand at the date of the halving, a four hundred thousand dollar cycle top would break the trend of diminishing returns, which is a reasonable expectation due to the two billion having supply shock and increasing scarcity, a liquid BTC supply on the exchanges. Now, number six, juxtaposition with gold. Gold is an asset similar to Bitcoin and that they are both non -sovereign stores of value. However, when juxtaposed, Bitcoin poses far more desirable attributes. Facts. Number one, Bitcoin is absolutely scarce, while gold is only relatively scarce. That's true because with gold, you can continue mining a new supply, adding to the overall supply each and every year with Bitcoin. There could never be more than twenty one million Bitcoin. And number two, Bitcoin is more portable, divisible, fungible and is less vulnerable to rehypothecation by centralized custodians. Facts. So after the 2024 halving, the inflation rate of Bitcoin will fall under one percent, which is less than half that of gold. Now, four hundred thousand dollars per Bitcoin would put the market cap of Bitcoin just beneath the parity with gold. Let's go. Can't wait for a twelve trillion market cap for the king crypto personally. Now, given the bullish catalysts induced by the halving, we believe this is a fair estimate for the top of the coming Bitcoin cycle. Now let's take a look at some of these charts, which they shared. This first one shows you the Bitcoin price issuance with the 90 day moving 90 day change issuance. And you can see, you know, the different metrics here in the different colors. And then let's go to their next chart here. It shows you entities net growth with a 30 day moving average. You can see the surge in demand and just continuing to move on up like clockwork. And then in this final chart here, we can see the Bitcoin price all time highs for each cycle, which is separated, which you can see here. Yes. So, I mean, if history doesn't repeat, oftentimes it shall rhyme. So I cannot wait. And I'd personally love to see a four hundred thousand dollar price action. And this shows you the hash rate, which just continues to climb, reaching all time highs, making the Bitcoin network more secure than it's ever been before. And they also shared an interesting update, which I might as well read that as well right here. Part two. Let's read a touch of this and then we'll dive into our live Q &A. What machine and electricity rate will Bitcoin miners need to survive this twenty twenty four halving? Check it out. There are three distinct phases in the time before, during and after the twenty twenty four Bitcoin halving. We've got number one, the pre halving, number two, the post halving and number three, post capitulation. Number one, the pre halving before the twenty twenty four halving, all miners will be operating at a profit but are likely selling at least enough Bitcoin to cover their operation expenses. Miners with the most efficient machines and the lowest energy rates have the lowest Bitcoin breakeven prices. And the miners with higher breakeven prices are either unprofitable or forced to sell at a higher percentage of the Bitcoin that they mine in order to cover their operating expenses. And also it includes what's minor and Avalon equivalents, which are size adjusted for the percentage of the total network hash rate. Now let's discuss the post halving after the twenty twenty four halving. Many miners will become unprofitable since miners have already made significant capital expenditures for mining Bitcoin infrastructure and are locked into energy contracts. They are unlikely to turn off immediately. So instead, they will try to continue operating for as long as possible, hoping the Bitcoin increases enough to make them profitable again. Now, unless Bitcoin price appreciates quickly, the extreme margin compression will begin to force inefficient miners offline. And number three, the post capitulation following the capitulation of inefficient miners difficulty will adjust down, lowering the breakeven prices for surviving miners who will become even more profitable. So there you have it. I mean, shout out again to Blockware. Awesome analysis on their outline of the Bitcoin price going to four hundred thousand dollars per coin at the epoch of the next halving, which again is right around the corner next year. Let me know if you agree or disagree in the comments right down below. 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.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1370: Why You MUST Own at least 1 Bitcoin - Jack Mallers
"Welcome, everyone. In today's episode, I'm going to be breaking down the latest technical analysis, as well as MicroStrategy marks three years of holding Bitcoin with four and a half billion dollars in Bitcoin and company stock, literally up two hundred and ten plus percent. We'll also be discussing PayPal executive says that their new stablecoin will be made available for DeFi in the future, as well as Bitcoin as a ticking time bomb set for historic expansion, as rare indicator sends a signal. I'll be breaking this down for you. We'll also be discussing breaking news of fun. Strad investor note says Bitcoin can hit one hundred and eighty thousand dollars before the upcoming block reward, having scheduled for April of twenty twenty four. We'll also be discussing the top reasons why the Bitcoin price will smash a million dollars per coin, as well as why you must own at least one Bitcoin right now. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. 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 rumble channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts .net. And welcome, everyone. Just tuning in. This is Pod episode number thirteen hundred and seventy. I'm your host, JV. Today is August 13th, twenty twenty three. Kicking off today's episode here with our market watch, we can see Bitcoin still holding strong onto twenty nine thousand four hundred, but slightly consolidating for the day. We also have Ether barely back in the green, trading above eighteen hundred and fifty dollars, along with BNB and XRP also in the green. And checking out CoinMarketCap .com, the current crypto market cap sits at one point one seven trillion dollars, with about 17 billion in volume in the past twenty four hours, with the Bitcoin dominance at forty eight point seven percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers in the past twenty four hours, we have room lead in the pack up twelve percent, trading at a dollar thirty seven, followed by a ton up about seven percent, trading at a dollar forty three, followed by Pepe up four and a half percent and checking out the top one hundred crypto gainers for the past week. Mostly, I'd say we got a few in the green, but also probably equally as much in the red. Some of the biggest losers include Koss and Bone, with some of the top gainers for the day, the same as the week with Tun, Rune and Pepe. And checking out the Crypto Greed and Fear Index, we're currently rated a fifty four neutral, same as yesterday. Last week was a forty nine and last month was a sixty in greed. So there you have it. How many of you are currently bullish on the king crypto and have been taking advantage of this recent dip? Let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis and see what's happened with the continuous sideways trading action. Most of the alts are also quiet today on Sunday, similar to how they perform yesterday on Saturday, except for Rune and Tun taking the lead. Now, the past few weeks went in a rather unventful fashion for typically more volatile crypto asset. This past Monday saw some movements as Bitcoin dipped below twenty nine thousand to mark the weekly low. However, it went on an offensive almost immediately and had surged past thirty thousand by the time Wednesday came. But that was short lived. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet that wasn't the case. Bitcoin remained at just under thirty thousand, where it had retrace hours just before that. And then the following days were quite stagnant. Once again, Bitcoin stood still within the same tight range of between twenty nine and twenty nine five. And expectedly, the weekend didn't provide anything different, given the typically lower trading volume. So there you have it. I mean, it's been very boring sideways trading action. Nothing new. But I feel once we can break thirty two, we're likely to continue marching on up, breaking the annual high. And there's not much resistance between thirty two and forty. So do keep that in mind as well. Now for the latest regarding the first publicly traded company to put Bitcoin on their balance sheet, which is MicroStrategy. They're still holding their four and a half billion dollars worth of BTC. Let's break this down. As you can see here, it's been three years since MicroStrategy first accumulated their BTC. Michael Saylor spearheaded the strategy of making Bitcoin their primary Treasury Reserve asset, directing the firm to buy twenty one thousand four hundred and fifty four BTC for two hundred and fifty million at an individual price of roughly eleven thousand six hundred dollars on August 11th of 2020. That's when it all began. Now, in the up and down years since MicroStrategy continued to consistently invest in the top crypto asset, becoming the largest institutional holder of Bitcoin. And as of July 31st, the firm holds one hundred and fifty two thousand eight hundred BTC acquired for a total cost of roughly four and a half billion dollars at an average individual price of twenty nine thousand six hundred and seventy two. So they're roughly at their break even point. Interestingly enough, now Saylor was MicroStrategy's chief executive when the company first bought Bitcoin, but now serves as its executive chair after stepping back from the CEO role last year. The MicroStrategy stock is up more than two hundred and ten percent since August 10th. So keep that in mind. And that since 2020, the day before it made the announcement to purchase Bitcoin, MicroStrategy is currently priced at three hundred and eighty four dollars per share, according to Market Watch. And it hasn't been an entirely smooth ride. However, keep in mind, MicroStrategy is down more than 70 percent from the three year high of eleven or one thousand three fifteen, which it hit on February 9th of twenty twenty one, referring to the stock right as Bitcoin was in the midst of that ascendant bull run. And in June of twenty twenty two, MicroStrategy faced concerns it would receive a margin call on a Bitcoin backed loan, though those fears never materialized and seemed to be nothing more than FUD. And in a margin call, a trader or investor is required to put up more funds to avert the closure or liquidation of a leveraged position. And I think when those FUD rumors were coming out, Michael Saylor said unless the Bitcoin price dips all the way to three thousand, we are not getting liquidated because they had more assets to back it. So it was nothing more than FUD at the end of the day. But very interesting. I think MicroStrategy will continue being one of the largest huddlers of Bitcoin in the world. They're second in line to Grayscale, which controls over four hundred thousand BTC. And at this time being there's no spot Bitcoin ETF in the United States. The next best closest thing is to owning MicroStrategy stock. And of course, Michael Saylor is very bullish on that. Now, let's discuss the latest regarding the PayPal stablecoin, which is titled PYUSD. They've been announcing some plans for DeFi. And we also had some analysts recently come out predicting due to the launch of the PayPal stablecoin because their audience is so large, hundreds of millions of people that use PayPal on a regular basis, active users, that it can send the Bitcoin price to a quarter million dollars per coin. That was a prediction from Charlie Shrem. I covered a few episodes ago. If you missed that, be sure to check that out. Now, an insider from PayPal says the firm's new stablecoin will ultimately launch on DeFi platforms sometime in the future. In the new interview on the Unchained Pod, Jose Fernandez, PayPal's senior vice president of blockchain, crypto and digital currencies, told the host Laura Shin that the firm intends for their stablecoin, which was launched earlier in the month, to be available on crypto exchanges and compatible with the DeFi ecosystems, quoting them here. I think DeFi will be a part of the first wave in the sense that we want to go where crypto users are using stable coins today and DeFi as a use case for that. So as of today, you can only get the PYUSD on the PayPal wallet. We are ramping up the product, but definitely the intention is that it will be available in the main exchanges. And when the distribution is available, then the folks will be able to use it for the traditional use cases. The Ponte goes on to share that their stablecoin is already compatible with Ethereum wallets as it is technically an ERC20 token, ultimately meaning on the Ethereum blockchain, and that it's fully backed in compliance with New York regulations. Quoting him again, the stablecoin PYUSD is an ERC20 token. It's deployed on the Ethereum blockchain and it can be sent outside to wallets that enable ERC20 tokens. Now, there is definitely an aspect of it that has to do with being fully backed and regulated as a stablecoin. As you know, we are issued out of New York. Paxos is the issuer and the token is approved by the New York Department of Financial and Security New York has very clear and strict requirements in terms of KYC, know your customer, and anti -money laundering provisions that require the ability to be able to have the right control in place. So there you have it. And to watch this entire interview, they did check the show notes below the video in the description. I will give you a little disclaimer. I do not trust PayPal as far as I can throw them. I had a lot of people ask me, where can I get the stablecoin? It seems currently only available on PayPal, but I wouldn't be holding it. I'd prefer the real thing, which is Bitcoin the only decentralized crypto asset because PayPal, just as they can freeze your funds and freeze your PayPal account. They've done that to me before in the past, probably like a decade ago back in the day. They could also freeze your stablecoin the same way because all it is is a digital version of the dollar. So that's not so enticing or exciting to me. But the reason it's fruitful and bullish for the entire industry, it can help usher in that mass adoption, considering PayPal has hundreds of millions of active use active users. That's why this is a pretty bullish story. But anyways, now let's talk about the ticking time bomb, followed by one hundred and eighty thousand dollar prediction from Fundstrat at the time of the halving less than nine months away. And then I'll be sharing the latest and greatest from the one and only Jack Mallers and why you should own a Bitcoin and why the Bitcoin price is trending towards seven figures. Let's break it down. And yeah, if you're just joining us, make sure to say hello in the live chat. Don't be a stranger, as this is a live and interactive show. But yeah, let's break this story down. As you can see, while he followed analysts as Bitcoin is gearing up for a historic move to the upside, now that has rarely seen the indicator has flash. This anonymous analyst known as Credible Crypto shares that Bitcoin is going through a period of record low volatility or a compression phase, which he says will ultimately lead to historic expansion. Send it. Let's go. He shares a chart, which you can see here, along with fellow analyst tech dev who points out that Bitcoin's three week chart is approaching compression levels that previously signaled the start of the bull markets since 2012. Quoting credible here, historic compression leads to historic expansion. Imagine looking at this chart and thinking, yeah, ten thousand dollars incoming, a ticking time bomb till bear extinction. BTC. That's what's up. Now, while many Bitcoin bulls have lost confidence due to the Bitcoin uneventful price action, credible says Bitcoin is simply consolidating, which should be considered bullish, quoting him again, seeing a lot of if we are so bullish, why aren't we moving up? The bulls don't have the strength to push the price higher. This is bearish. But when the price is moving sideways, it means that neither bears nor bulls are in the driver's seat. Consolidation is, by definition, neutral buyers and sellers have reached an equilibrium. Now, nine out of ten times consolidation structures resolve in the direction of the trend that preceded them. We have been in a very clean, obvious uptrend since fifteen thousand dollars. So by default, then one should expect this consolidation over the last month to resolve to the upside. And he continues, your default stance on Bitcoin here should be bullish, in my opinion, unless we start breaking bullish market structure. For example, the first and lowest timeframe level of the bullish market structure that matters is twenty four eight marked, as you can see here in this chart. So there you have it. How many of you agree with credible crypto aren't currently bullish, even though the price action seems boring and continues to trade sideways? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. That's Fundstrat's prediction of one hundred and eighty thousand dollar Bitcoin price by the time of the next halving, keeping in mind that halving is scheduled to be sometime in April 2024, virtually meaning less than nine months away. Let's break this down and shut up to Tom Lee over at Fundstrat. So I actually shared this in a tweet here this morning. Fundstrat investor note says Bitcoin could hit one hundred and eighty thousand before the upcoming block reward halving in April of twenty twenty four. And also interesting, an Indian analyst thinks that World War Three had already begun expecting the BRICS economic bloc to merge with the Shanghai Corporation Organization. And also it is shared that the financial services company attributes this projected five hundred and twenty one percent Bitcoin price hike from the current levels to the rising demand fueled mainly by the anticipated approval of a Bitcoin ETF, which I know is on everyone's mind. We know there's literally hundreds of trillions of dollars in the total addressable market, much of which can be come in pouring directly into BTC. So let's break down some more of these numbers. Fundstrat's and Pharrell's projections follow the mid -July forecast from the banking giant Standard Chartered. And guess who is the primary shareholder of Standard Chartered? You guessed it, BlackRock fam. They predict one hundred and twenty thousand dollar Bitcoin price by the end of next year in twenty twenty four. Now, Pharrell's analysis points to a Bitcoin ETF potentially adding an extra hundred million dollars in daily demand. I honestly feel that is conservative, but hey, now why the impending halving will slash the daily mining rewards down to a mere twelve million, quoting them here with a spot Bitcoin ETF launch daily demand will reach one hundred and twenty five million while the daily supply is only twenty five million. The implicit equilibrium price would need to increase so that the daily supply matches the daily demand. Now, equilibrium analysis suggests a clearing price of one hundred and forty to one hundred and eighty thousand per BTC before the halving in April of twenty twenty four. And moreover, Fundstrat envisions the possibility for a BlackRock Bitcoin ETF to become one of the most monumental ETF launches ever. Let's go. Possibly outstripping the QQQ ETF's thirty six billion in first year inflows. I think we crush it personally. The firm is of the opinion that Bitcoin ETF assets might outshine precious metal ETFs one hundred percent. Now that's a market worth two hundred and thirty billion dollars and eventually become a category worth more than three hundred billion. That's a given, right? However, approval for a spot Bitcoin ETF could enable manipulation akin to allegations about precious metal ETFs like gold and silver. A physically backed Bitcoin ETF is expected to boost crypto adoption as well as the prices. There is a chance it could mimic the gold and silver and allowing leverage of fictional supplies Bitcoin to manage futures positions, a .k .a. through derivatives. Now, when the price rises too fast, this imaginary Bitcoin supply could be dumped to tamp the global prices down. But for a while now, Fundstrat has been prophesizing a leap into the six digit territory as far as the Bitcoin price action, though these bold predictions have yet to materialize. Also, keep in mind, back in May of twenty twenty one, David Grider, the firm's chief digital asset strategist, confidently asserted that the target Bitcoin price of one hundred thousand per coin remained intact. Send it. He further envisioned Ethereum scaling to ten thousand per coin, reflecting on the broader crypto landscape. Grider's perspective from two years prior foresaw the entire crypto economy accelerating towards a staggering five trillion dollar milestone. So there you have it. Let me know if you agree or disagree with Fundstrat and their analysts that the Bitcoin price is likely to hit that target of between one hundred and twenty twenty four. That Bitcoin halving in April of twenty twenty four, that would obviously be the calm before the storm. And could you imagine the BlackRock Bitcoin ETF virtually being approved pre halving? That's going to send Bitcoin to a whole new stratosphere, in my humble opinion. I predict that we hit the peak cycle high in twenty twenty five, just considering the history doesn't necessarily repeat, but often tends to rhyme. And I remember the Bitcoin halving of twenty sixteen. It was the year following in twenty seventeen. We hit the high for that cycle of roughly twenty thousand. Then like clockwork four years later from the twenty sixteen halving in twenty twenty, we had the next halving and the following year Bitcoin hit the current all time high of sixty nine thousand. Hence, I'm predicting a multiple six figure Bitcoin price by twenty twenty five. Let me know if you agree or disagree in the comments below. And like I said, I'll read everyone's comments out loud at the end of the show. And with that being shared, fam, now let's discuss our final breaking story of the day. Jack recently Mallers did a podcast episode on his new podcast, Shout Out to Jack. I transcribed it because I find it very valuable. He was also interviewed on CNBC and talks about how hyperinflation will send the Bitcoin price to a million dollars. So here's some of the highlights and my transcription from his interview I have to share with you and then we'll dive into our live Q &A. So here we go. Here's what Jack Mallers had to share in this interview. If silver is going to 1000 X, I will walk into my kitchen right now and I will melt all of my silverware and I will sell it at market. If gold is going to rally, Elon Musk will find more on Mars. This is a super important point. Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class because no one will ever be able to make more than it. There are two things I can guarantee you in my life. Number one, that I'll die. And number two, there will only ever be 21 million Bitcoin. And those are the two things that I could only value, which is my life and my Bitcoin. So it is the only fixed supply asset. It is not that complicated. It's going to go up because everything else can be issued more. The only thing that is clear to us and clear to our customers is that you cannot hold and save in dollars anymore. I think there is going to be a new era of the US dollar where inflation will enter and normalize 5, 6, 7, 8, 9, 10 percent. The days of 2 percent inflation are over. The Fed really blew this thing up. You can call it inflation because the CPI is low to nonsense, right? Like the government is going to tell me how the dollar is inflating based upon a basket of instruments like my Netflix subscription or my Caesar salad doesn't actually tell me how well the dollar is doing or how much it's being devalued. Miami real estate does. Bitcoin does. Bitcoin is up over 50 percent this year. You're telling me the dollar isn't inflating. You're out of your mind. I am not listening to that. The Fed and the whole monetary system is based on trust and they constantly, they constantly break that trust. Preach. It would be the equivalent to there's a fire outside of my house. I smell the smoke and someone tells me, no, no, no, no. It's a bunch of teenagers putting on a bonfire. OK, but I hear one police siren. Are you sure it's a bonfire? Yeah, yeah, yeah. It's a bonfire. Now I hear 10 sirens, 100 sirens. My whole community is running out. I'm not going to get up and look outside the window and see what's going on. I don't believe them for a second. You have to be absolutely crazy to believe the Federal Reserve right now. They are full of it. And I don't have to because I own Bitcoin. There is no one that can deflate my instrument. I get to hold it, save in it. I know the monetary policy. I sleep like a baby, like the baby face that I am. I think you are crazy to believe the Fed and these swap lines and treating these assets at par. It is a gimmick. It is a scam. Very powerful words coming from Jack Mallers. Let me know if you agree or disagree. And as you can see, this post is going viral over on X. So be sure to share it and repost it. I greatly appreciate that. Now for some other thoughts regarding predictions coming from Jack Mallers as well. When he was speaking with CNBC's Power Lunch with Kelly Evans, the strike CEO discussed the role of Bitcoin in the ongoing banking crisis. And Mallers is convinced that the Bitcoin price will hit one million dollars per coin fueled by global hyperinflation. According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry, despite claims to reduce inflation to 2 % as I just shared with you. And as such, Mallers expects the Bitcoin price to continue with higher demand and Mallers reiterated the fact that there will only ever be 21 million Bitcoin units, despite the increase in demand. Now, notably Mallers bashed the altcoin industry for being centralized with founders holding massive coins at the expense of the secondary market. And as such, Mallers thinks that altcoins are suitable for speculation and should ultimately be used to accumulate more BTC. Quoting him again here, my overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. The alts are interesting, but a lot more speculative. I use them to accumulate more BTC. So there you have it. Let me know if you agree or disagree with Jack Mallers and his thoughts, what he had to share. Do you think that global hyperinflation will likely send the Bitcoin price thriving to seven figures per coin? Let me know your honest thoughts in the comments right down below, and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q and A. And I look forward to seeing you on tomorrow's episode. HODL.
The Café Bitcoin Podcast
A highlight from Meet Bitcoiners IRL with OrangePillApp and Brian De Mint + Bitcoin News with Caf Bitcoin Crew - August 8th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right. All right. Good morning, all you Cafe Bitcoiners. Good morning, Ant, Jacob, Peter. Shout out to the Bitcoin Veterans handle throwing you an invite, whoever's on that. You got to be on a phone, by the way, if you're trying to do that on a computer, shit's not going to work. You know, the other night, speaking of that, Alex, the other night I was in a space and a seeing on spaces his on his PC. So there's been some kind of upgrade. Well, you can see it. You can see it. No, no, he was joining. He was. I mean, you know, I don't know if he's lying or not, but I mean, I don't know why he would. He said he was talking from his from his PC. That sounds made up. Oh, they're supposed to be rolling that out. I just haven't heard any official actual admission that that is like a live product yet. Yeah, it was it was in a trad fi space run by run by Jaguar. So, you know, I guess it could have been, you know, a liar, but I just don't know why somebody would lie about that. And, you know, they said they were on the they're on their PC talking, you know, and and everybody was commenting. They're like, oh, wow, no wonder you sound so much better. Yeah, I was I was kind of messing with you a little bit. Yeah, I want to dump it. Peter, you're just totally lying. I agree with Alex. What up, y 'all? What's going down? Oh, wait, I just joined the space on my desktop and it looks like there is a mic button now. Well, what? It must be just rolling out like a soft launch to do. I hate all of you. I hate all of you. You're still you're still lying, Peter. Just kidding. I love you, buddy. The best what in the community is banana kit? What? What? What? All right. Good morning, everyone joining us. Welcome to Cafe Bitcoin episode four hundred and seven. Our mission for this show is to provide the signal in a sea of noise to seven billion people on this planet. Why there is hope is this bright orange future that we call Bitcoin today. We're talking about the latest news in the Bitcoin market. There is a bunch later, second hour of the show, we have Brian DeMitt. Coming on. Orange pill app. Jujitsu master, big can energy guy. That's going to be cool. All right, let's dig in. I saw a tweet that was actually kind of sad and I wanted to read it, get some thoughts, get some comments on this. This is from I liked to lurk. And he goes, it's time to stop hoping and just sell my BSB, delete this account, try to return to normal life. I have to accept that I was a complete fool using my savings to buy one point one five BTC for seventeen thousand eight hundred U .S. dollars and then swapping it for twenty five point five BSB. The 20 I have left equals seven hundred and twenty dollars. It's brutal. Did you put that in the nest, Alex? No, I just copied a picture of it and stuck it in my show notes. Why do you want it? No, I just I didn't I didn't hear everything that you said, so I wanted to read it because I was doing something else. Well, the summary of it is this guy got wrecked climbing Mount Stupid. So did he was he around when when when BSB came out and then he he converted all of his Bitcoin to BSB? Is that what happened? No, this sounds like it was after the fork because he bought one point one five Bitcoin for seventeen thousand eight hundred and then he swapped it for twenty five point five BSB. So he fell for it like they conned him. He was one of the victims. There is, I guess, the possibility that he bought that Bitcoin on the way down 2017. The reason I was asking Alex is because there was an interesting Portland HODL had had some really interesting comments on in a space the other day about a guy who was talking about, you know, what happens if there's a fork, you know, blah, blah, blah. And the comment was, well, if there's a fork, you get to own, you know, both of the underlying assets. You get to own whatever the new fork is and you get to own the whatever is the old fork. So there's really there's no risk. His point was is there's no risk to the individual if there is a hard fork of Bitcoin because you don't have to as long as your your Bitcoin is in cold storage, you don't have to convert it. And then you if the new fork turns out to be the where the social where the where the social consensus goes, then you have you already have that asset. So there's no risk involved in that. It was just interesting. The only the only risk is if you sell the wrong one. Well, you don't have to sell. That's the point. You don't have to sell either. That was it. That was Portland's point is that there's no risk because you don't have to sell.
Crypto Banter
A highlight from Altcoin Signal Not Triggered SINCE ETH AT $80!
"We're finally getting some movement in the Bitcoin price, a little bit of movement, quite surprised because this is probably a delayed reaction to what I think is the biggest news of the year for Bitcoin. The PayPal announcement yesterday for me was by far the most important announcement we've had on Bitcoin, much, much, much more important than the ETF news. And we'll talk about what the announcement was, why I think it's so big. And I know the naysayers are going, yes, it's PayPal and they actually launched a CBDC disguised as a stable coin and they have full centralized control. But guys, anyone who's using PayPal already has a centralized currency called the USD in the app and PayPal can do whatever they want. They're just bringing more users onto crypto. And that's what the naysayers don't see. So I'm going to show you why I think it's probably the biggest news of the year for Bitcoin. I'm also going to show you that now is a historical time to buy altcoins. So today, buying altcoins today is like buying ETH at eighty dollars. I'm going to show you the statistics that show that makes it up. Also, if this move in Bitcoin continues a little bit more and when I say a little bit more, we don't need much. We probably need this move to go up to twenty five thousand twenty nine thousand eight hundred. Then I'm going to show you why we're about to get a massive, massive, massive short squeeze. And when the short squeeze, they're going to drive the the prices, the prices way up. And then also what I want to talk about today is the ETF news, because there's this thing on crypto Twitter that the SEC needs to make a decision around the ETF by the 13th of August. Well, breaking news, guys, the SEC doesn't work on any deadlines. I don't give a shit about deadlines. And there's going to be no announcement happening on the 13th of August. I'm going to show you why there's no announcement happening on the 13th of August. So when the no announcement happens and everybody starts to panic, you're going to be smart and say, well, we knew this wasn't actually going to happen. We did. And I'll show you the actual timeline that the SEC does actually have to follow. And then I've got a lot of old coin news for you guys today. I'm going to show you a whole lot of old coin screaming buys, because if now is the best time to buy old coins, if it is really like buying Ethereum at the back door, then which old coins do you actually buy? That is what today is about. So much going on, so much going on. And I think I think I think maybe, maybe, maybe, maybe, maybe some kind of move in the price. I really hope that this move in the price holds. We were talking about the fact that there was no volatility yesterday. Maybe we are maybe that was the turning point. Maybe that was the turning point. So lots to talk about today. Like every day. But I think today is going to be more alphapack than every other day. Let's go, guys.
Crypto Banter
A highlight from Richard Heart Could Face LIFE IN PRISON (The End Of HEX?)
"Any of you guys from the SEC are listening I hope you are I want you to know in the deepest Deepest parts of your heart that I've saved a lot more people from being wrecked than you have Because I did everything I could to prevent people from putting their money into BlockFi Did you I did everything I could to prevent people from putting their money into Celsius? Did you I did everything I could to put people in charge of their own keys and get them to? Have self custody. Did you do that? I called the top on the day. Did you? What have you done? So I break my balls to save people. I'm warning people about bad daps fake airdrops Showing people constantly every single hack that happens right I hand out free coins out the ying yang I created free coins give them to Bitcoin quarters now creating free coins giving them to aetherium and every single er c20 holder I'm the giving tree of crypto. I raised 27 million for charity You know what the SEC did the SEC? 50 Got paid million dollars. All right, so that is Richard heart and whatever he says there I'm not sure if it's gonna help him when it comes to this big case against the SEC and we're gonna talk about the SEC case and Richard heart and what it means we also going to Talk about Bitcoin and where we're at with Bitcoin. So yesterday when we were on the show we said that It was decision time and Bitcoin needed to either break up or break down It looks like we got our break down and we are at the same level exactly the level which Annie said when she was in The show yesterday. She said it's gonna be twenty eight thousand eight hundred a presto about I said Is it gonna go up or down from here? She said it's gonna go down and she's looking for the twenty eight thousand eight hundred But look not all is lost We have dropped one level which is the 50 the 50 ma the 50 the 50 day moving average We've dropped that level but we are here at Another critical level. So I want to show you this this level here if you take Let me make sure you zoom out first. Let me go on today on to the daily and if you take this trend over here And okay, let me just get off the screen So if you take this trend line over here, it is exactly what Garrett said in terms of the trend So we are let me just get that a bit more a bit neater my charts are my charting skills on the screen I'm not great but you can see that Bitcoin is now moving back towards this trend line over here and probably if you look at that the Next critical level is about the twenty eight thousand. So we are going to talk about that We're also going to talk about this Bitcoin dominance spikes It's not a big spike but Bitcoin dominance actually did start going up and the reason why Bitcoin dominance started going up is because If you look at the bubbles you can see that there are two things that are really weighing down crypto So the first thing is the hex and pulse story. You've got hex down 26 % you got pulse down 45 % But I'll show you something very cool here when you look at hex and pulse Is that if you go to the hourly you can see that they're starting to recover on the hourly So yes, it's been a bad day for hex and pulse but if you go down to a shorter time frame What you can see is that these tokens are actually starting to turn and this may be your indicator that it might actually be buy Time so one of the things we are we should talk about today is we should talk about whether this is the end For hex and pulse or whether we're gonna get some kind of recovery now Magat says that Maybe it's not the end and maybe there's gonna be some kind of recovery the other big sector that you can see is Benicha Ave compound synthetics all the The DeFi token specifically the big DeFi 1 .0 tokens that have a lot of traction They got hit and we're gonna talk about why they got hit Because it's all got to do with curve and the hack that happened on curve But ironically it's actually not the hacker that's pushing down the price The big issue is that what's going on here could be a huge a huge hit to crypto This could be something that takes the market down by 10 or 20 percent overnight if it happens So we got to talk about all of that then I've got to Admit that I was half right and half wrong. So I said that FTX 2 .0 would never ever start I said that never ever start the exchange again And I was half right when I said it because I said it in context of the fact that the exchange token is going to be worth nothing and it is gonna be worth nothing but I was wrong because it seems like the FTX exchange is gonna restart. It's gonna restart pretty soon and We're gonna talk about that today. So there's a lot to talk about today. It's a massive massive show We haven't had a big news show like this for a long long long time Let's go. Let's get this on the road I Mean it's been a rough 24 hours for old coins If you look at that the old coin market hasn't been great and you can see it in the dominance Going back up towards that 50 % remember we were on forty nine and a half and you can see it in the banter bubbles Where you can see that the the the old coins have been really really really hard hit We're gonna talk about each one of them and why they've been hard hit And whether or not this is the end or whether we can expect another leg down Let me tell you that there is a real risk of another big leg down in crypto If if this curve situation doesn't resolve itself, then we've got a very very very big problem We're gonna get the defy the defy protocols the big defy protocols with all the traction They are going to get destroyed. They are going to get crippled if this curve thing pans out So it's a pretty serious thing We did start covering it yesterday, but I think we're gonna speak about it today because it could actually affect your portfolio It's also an amazing amazing amazing opportunity and I'll show you what the opportunity is regarding the curve token So I do have a long positioning curve I was stopped out a little bit of my curve position overnight because the price dipped and I'll show you whether or not it's worth actually getting into a similar trade on curve and where you should get into into Similar trade on curve because there's a lot of money to be made here There is a fort if you know what you're doing. There's a fortune of money to be made here I Think that's what we're gonna be covering today. If you are new to channel subscribe to channel Give us some love help us get on shadow band. We shadow band again. We keep fighting each of these shadow bands We just cannot win the only way to get rid of them is if you give us smash the like button and if you comment and they know that We're producing good content Obviously only do it if you think we're producing good content, but of course you think we're producing good content Otherwise, why the hell are you taking are you taking hours out of your day to come and join us here? That doesn't really make sense. Also If you are not yet signed up for the Bible competition, we will be giving away iPhones on the show today Let's just have a look at our squad We have we have 1948 people in our squad Let's see what the number two squad or the number three squad. In fact, let's just see what the squad layout looks like Okay, let's just quickly see what the layout looks like Okay, my squad if I want to change squad don't you dare do this don't don't change squads we need you in our squad Okay, so we have 1948 the winning team. Wow, we're catching up to them that we've got 70 with 74 behind them We've been 200 behind in the whole time All you do there is a link underneath this video sign up with a crypto banter by but referral link and then sign up to Our team we are going to be giving away the full eight million dollars that we win if we win to the community We're not keeping anything for the host also today We're gonna be giving away two iPhones at the end of the show to two people that have signed up So if you're not already signed up sign up, I mean you basically get an opportunity to win 20 iPhones between 2 ,000 people That's one in every hundred people is gonna win an iPhone and we're gonna just keep giving away iPhone and iPhones until we bolster this squad Alright, let's get into the meat and potatoes of the show because I think there's a massive massive massive show to talk about today There's lots of news. We haven't had news like this for a long time It's actually one of those days where I actually really want to do a show because there's so much to talk about So I think we should probably skip the formalities and just get straight into the hex story because it is a big big big story and I think the big question is what is Richard Hart gonna do is Richard Hart actually going to fight the SEC? or is he just going to be do what everybody else did and Actually settle and I think that I have some insight today. I'm gonna build a story today I'm gonna show you why I think that Richard Hart may actually fight this till the very end I don't think he's gonna just take the the settlement I'm gonna show you why in a few seconds, but for those of you don't know what is going on I think you obviously know who Richard Hart is we showed him in the beginning in the beginning of the show. We also We also on the eve of the launch of the Richard Hart Okay, we are set for you Richard What do you want people to know about you I got a big dick this here is three point one million dollars watches I don't know as big as diamonds you don't I do is Richard Genius legendary arrogant bit of a narcissist the benevolent king quarter -million hate me hate me I'm farther than you'll ever be in your whole life. Who does this guy think he is? Whatever the governments have been doing it's not worked out You've never had worse interest rates. Your money has never been worth less. Everything is getting worse Only thing that's making it better is crypto currency. It's better than the dollar. It's better than gold. It's better money Crypto is money without governments and it is money without banks You're not gonna meet another product like this as long as you live. Yes, every scammer in the world is gonna say this is the trailer for the Richard Hart movie and I think on the eve of the The Richard Hart story the SEC comes out and they make an announcement that they are suing Richard Hart aka Richard Schuler His real name is Richard Schuler and three unincorporated entities that he controls hex pulse chain and pulse X with conducted Conducting unregistered offerings of crypto asset securities that raised more than a billion dollars in crypto assets from investors Hart called on investors to buy crypto asset securities in offerings that he failed to register with SEC He then this is where it gets tricky He then deferred those investors by spending some of their crypto assets on exorbitant luxury goods This action seeks to protect the investing public and hold hot accountable for his action So the SEC coming out with one of their we caught you announcements. This is the document. It's about 27 pages I read all 27 pages so that you don't need to read 27 pages I'll show you the points that are actually important the points that actually make sense So the first point that actually makes sense is what hearted was he raised 2 .3 million etherium from investors with 678 million dollars for the hex project back then it appears at 94 to 97 % of these each deposit saver were Recycling transactions directed by heart and other insiders which enabled heart or other insiders to gain control of a large number of hex tokens What that means is that he was taking the ETH that was deposited and he was recycling them to get more Tokens for himself and other insiders again. This is the allegations as per the SEC He says investors also invested more than 354 million by depositing their crypto assets to the pulse chain public wallet address in exchange for the promise of a future delivery of PLS tokens in connection with pulse X investors invested more than 676 million dollars by depositing their crypto assets to the pulse X Public address in exchange for the promise of future delivery of pulse X tokens They're going after him for hex for pulse and for pulse X now up until this point this whole thing is just a civil case between heart and the SEC for Potentially selling unregistered securities to this point. It's pretty simple straightforward and probably the same charges at every other ICO Founder is going to face now. Some of them will fight the the charges and something won't fight the charges That's just that's just what it is. But this is the point where it gets a little bit more tricky. So if you look at page 7 so it's point up to him Additionally heart and pulse chain defrauded investors by misappropriating at least 12 .1 million of pulse chain investor funds instead of using these funds to develop and market the pulse chain network or even fulfill hearts explicit statement that invested funds support freedom of speech heart and pulse chain used 12 .1 million dollars of investor funds for hearty for hearts personal hearty luxury luxury purchase Including a five hundred fifty five carat diamond the biggest black diamond in the world expensive watches and high -end automobiles now But I mean that was the lifestyle that that that heart was actually and we all saw this we saw the sports cars We saw the watches now. There's a big question here Is this misappropriation of investor funds on the one hand? He did tell everyone that they were sacrificing their money and if you sacrifice the money Well, then you're not actually an investor and if you're not an investor, well, then you don't have any rights that investors have so what the SEC is going after him for is they're making an assumption that a these tokens are securities and that be that he actually Misappropriated funds now again the term misappropriated funds means that Investors had expectations investors had expectations that the funds would be used for a certain purpose. These weren't investors. These are people that Sacrificed their money and probably that's gonna be hearts defense now I wonder if he actually got any legal opinions Before he actually did this and if he did get those legal opinions I wonder if he actually listened to his lawyers or whether he's eager got the better of him because it's all very well You know, sometimes you you get advice from your lawyers and as you end up making more and more money You start thinking that you're more and more invincible and if you Feel more invincible then you may stretch what your lawyers have told you and kind of justified it to yourself that it's okay to use These funds perhaps perhaps you can call this marketing Perhaps you can call this, you know part of the game to try and get people to sign up to the next community You know and you could say that this was what you did The other issue is that it seems like the SEC said that he is a US citizen, but he also The offers offering for sale of hex and hex tokens have not been registered with a commission and they were available to US investors and I think that that may actually be Another another issue that he has I'll show you I'll show you I think it's a point Page 11 so point page 11 hex hex conducted the worldwide offering with no restrictions on who could access hex and hex dot -com and he said that when hit websites and These transactions can be traced to at least 21 ,000 156 wallet addresses including addresses that belong to investors in the United States.
How I Got Here with Dave Fiore
"thousand eight the" Discussed on How I Got Here with Dave Fiore
"All right so you come to. It is uber ops. At that time right it was. It was uber operation. Short uber ups absolutes in two thousand. Eight tell me about you climbing the career ladder to where you are now as ceo. Obviously you took some steps. Learn different parts of the company. Tell.
How I Got Here with Dave Fiore
"thousand eight the" Discussed on How I Got Here with Dave Fiore
"He took a job in the caribbean at an international private bank. While on the island he met his wife jessica and earned an mba from the university of miami by making a most unusual commute on the weekends in two thousand eight. The couple took a chance on tallahassee in a new company called uber operations which would later become ruvo's as ceo..
Marketplace with Kai Ryssdal
Wholesale Prices Hit Record 8.3% In August
"It's been kind of a hodgepodge week to be honest for those of us. Whose specialty is this economy here to help. Sort out are k. davidson. She's at the wall street journal. Also brian chung-hee's at yahoo finance hayatou. So kate i'm going to start with you and with his observation of the news of the day. The producer price index came out this morning. That is of course Prices at the wholesale level up eight point three percent in a year. Do you suppose anybody at the fed or more accurately at the white house walked over to j pals office and said hey. Jay highlight transitory. Now pal well. I don't know about the the white house. Because they they're sticking to the transitory story They they put out some new forecasts. I think it was lat late last month. Essentially showing that they they still think prices are coming down this year by a lot So they they more than doubled. Their forecast for inflation. This year back in february they thought it would be just a little above two percent now. They're at four point eight for the year. That's fourth quarter over compared to the fourth quarter of last year But you know even to get to that point as you pointed out. Prices are so high in consumer prices last month or in july rather consumer prices were five point four percent over the previous twelve months. And that's the highest. They'd been On an annual basis since two thousand eight so their high and to get to the white house forecast they'd have to come down a lot. So i think that they are feeling the political heat over rising prices right. Republicans are really hammering them on this. But i think that they economists there and even at the fed will find out on a couple of weeks. The fed might mark up their forecasts but so far they continue to think that these price pressures will fade
Wall Street Breakfast
Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
"Higher commodity costs drove. China's factory gate prices to rise in august by their fastest pace in thirteen years as demand for coal steel and other raw materials pushed china's producer price index nearly ten percent higher in august from a year earlier. That's the fastest increase since august of two thousand eight.
The Tightrope with Dan Smolen
"thousand eight the" Discussed on The Tightrope with Dan Smolen
"Well so you bring up some really interesting aspects to your work that are bound to your upbringing and where you're from on the planet and you had mentioned to me a couple of different things in pre interview one is that you were kind of in a shell when you got here and you found your inner extrovert and i'm wondering if you could talk about that. How did you break out of your shell coming to the united states as a southern indian and find your inner extroverts so that you can help other people. My story simulate do a lot of immigrants stories. Some people would have heard there. You do not have a choice. You either have to succeed or go back to where you came from so our choices are very limited as an immigrant so just to bright some context so i should go about my story about coming to the united states. Because that's gonna paint the picture for your onions. I came to the united states in two thousand eight. And i still remember this lividly. It was august thirty first. Two thousand eight and then on september seventh two thousand eight leman brothers. One of the biggest financial firms returns in the us became bankrupt overnight. And that kind of triggered the whole recession. And i had come to the united states to do my master's offer engineering and half the class with international students and we were left with two choices. Either go back home from..
THE NEWS with Anthony Davis
COVID-19 Surge in the US: The Summer of Hope Ends in Gloom
"Summer. That was supposed to mark america's independence from kovic nineteen is instead drawing to a close with the us more firmly under the tyranny of the virus with deaths per day. Back up to where they were in much. The delta variant is filling hospitals sickening alarming numbers of children and driving corona virus deaths in some places to the highest levels of the entire pandemic school systems that reopened the classrooms or abruptly switching back to remote learning because of outbreaks legal disputes threats and violence from republicans have erupted over mosque and vaccine requirements. The us death toll now stands at more than six hundred fifty thousand with one major forecast model projecting able top seven hundred and fifty thousand by december. I it wasn't supposed to be this way more than six months into the. Us vaccination drive president. Joe biden held a white house party on july fourth to celebrate the country's freedom from the virus and other political leaders had high hopes for a more close to normal summer. The summer wave was fueled by the extra contagious delta variant combined with stock resistance to vaccinations that formed along political and geographic lines. Said dr stan vermond of the yale school of public health. The us recorded twenty six thousand eight hundred deaths and more than four point two million infections in august. The number of monthly positive cases was the fourth-highest total since the start of the pandemic the twenty twenty one delta driven onslaught is killing young americans at a much higher rates than previous waves of the pandemic in the northeast last spring. The sun belt in the summer of twenty twenty and the deadly winter surge around the holidays even before the delta variants became dominant experts. Say there were indications that large gatherings and relaxed social distancing measures will fueling new cases exposing a floor in some republican governors plans not to enforce distancing or mask mandates
Spy Affair
Exploring The Halloween Party Murder of Arpana Jinaga
"The time of the halloween party in two thousand eight. Jay was in his thirties successful programmer. He lived in the seattle area but he kept in touch with a lot of friends. Back home including dr. Jim naga whose daughter had moved down the road from j to an apartment complex in redmond very beautiful girl betty brainy and all. She's very kidding. I noticed that you speak about her in the present tense. Yes yeah three days after the costume party at the valley view jay woke up. Walk downstairs checked his phone. He saw a bunch of miss calls from arpan his dad. He called dr genego back immediately and he could hear his friend was in a bad place. There was no sign of arben banana. She wasn't answering her phone. Her friends sri aletha couldn't get in touch with her either. J. hung up and tried arpanet himself. Nothing like calling back and saying that it's going to iceman and what are you going to do. you said. Can you go and check on her. Jade bandarban has pleased once before but all he remembered was that you had to walk up a set of stairs to the top floor to be honest. I don't even know the unit number. So that's why i took the steps then. I was knocking on the door and map for almost like thirty forty seconds. No one was there. Then i read then again not to play. That's what i saw that. I don't even know who he is. The guy j saw coming towards him was in his mid twenties. The goatee and sideburns. Average build and height was cameron johnson. Arpan is next door neighbor. And i asked him dino this he said yeah i know so. Ask him which lives by. Then mehan cameron. We both standing just in front of that apartment. J. push gently on the door and a bolt fell off. Someone seemed to have bashed it in. The lock was broken. And there were splinters. All around the chan- then. I talked to cavern. I asked like it looks like somebody broke her apartment. What the hell is going on right. So can you help me out. He said okay. Then we both went inside about. I was cut basically. Jay was yelling calling for our puna but no one was answering.
Rec Poker
Chappo's Final Table Hand
"So in this case chapo are french. Roy gets dealt ten clubs and the ten of diamonds and raises a at this point. The blinds are at four hundred thousand. Eight hundred thousand. This is a final table as we say Raises one hundred and twenty thousand to two hundred thousand total. I think i screwed up the math or a little bit but the raise is one hundred twenty two two hundred two and a half to two and a half big lights. Yes perma forty seven decline stack. And that's really important because as you know when you get to the final table. The chip stacks are crucial. And it really matters. This is where. Icm pressure comes to play. We talked a bit about. Icm over the last few weeks and this is going to be a great example of that so We opened a two point five. We get a call. There's a three bet up to six hundred eighty thousand so about three about three and a half times the stock i thought it was like sixty brines Let me see what are as to we. Raise to two hundred thousand He makes six eighty so maybe seven. Okay okay yeah. Yeah that's been in. It reminds yeah. Yeah that sounds right. That's an hero calls and the original caller as will also calls so we're three headed going to flop and we get a an n. We are first action so we get a pretty good flop for pocket. Ten's flops denying and clubs three diamonds. Four of spades so as a rainbow flop on nine high with the low straight on the table but really not much else and in a three bet pot. That low straight shouldn't really be too much of a factor when you're when you're factory in people's hands can yeah. I think it's important to mention here. Because we're final table we've got a jumps with every position. We do have a short stuck on the table. They're not in this hand and there's a short stack with about ten big minds on so i think that's really important to note here because everybody else has thirty big blinds or more i think rate point and it and it really. I can't reinforce this enough. It doesn't matter that that player is not in the end because it's a final table situation just their presence at the table should affect troy's strategy in this hand because There's there's as we'll see. There's a real incentive for troy and the other players to let this player lose i And to ladder up and get a bigger payout so just like we talk about anticipation being skill. We can use pre flop knowing what the icm situation is is is on the you have to have in your mind not just with the players that are in the hand but just all the players that are at the table so in this case the flop comes ninety clubs three diamonds forest spades. Were holding ten ten. And i think we're going to be checking to the aggressor with almost our entire range or i would expect in a three bet plot like this. That's gone multi way and that's what cheer as what hero does Chapo checks the original caller checks as well and then the three better Makes a bet of seven seventy five about almost eight hundred thousand about half pot which is slightly larger than the original. Three bed Hero calls and this is the really interesting spot so then the middle position player who called in the first time re raises a shove so before we even get into the future action. The board is nine three and four. This player called an open raise. Then they called three bet then. They checked the flop and now they've shoved over the seabed so the better folds and it's back to us and we're sitting there with the the lowest possible over pair which i think we have uninterrupted By the action. So what are we thinking in this spot. There's so many things we could be thinking about. We could be thinking about where we are in distribution of our own range. We could be thinking about the range of the player that's made this Check shove What what else should be thinking about. And what was the top of our minds. Now you guys in word. This board is not real conducive to a lot of hand. It doesn't hit a lot of hands called pre flop. So when i see that shove i'm thinking either a larger over pair or a set 'cause i mean the you could have something like five six. But that's so unlikely to be calling this pre flop. I think
The Blog of Author Tim Ferriss
"thousand eight the" Discussed on The Blog of Author Tim Ferriss
"For my writing career just a quick thanks to one of our sponsors and we'll be right back to the show. This episode is brought to you by wealth front. Did you know if you missed ten of the best performing days after the two thousand eight crisis you would have missed out on fifty percent five zero percent of your returns. Don't miss out.
My Worst Investment Ever Podcast
"thousand eight the" Discussed on My Worst Investment Ever Podcast
"Paid too much for properties that grew too fast. I was unstable. I didn't pay attention to the red flags around the two thousand eight came around. We hit the worst economic crisis. The world's ever seen. I thought i could weather the storm. My properties started bleeding. People moved out. I couldn't weather the storm..
The Peter Schiff Show Podcast
"thousand eight the" Discussed on The Peter Schiff Show Podcast
"That and according to the white house that i read some stuff they put out. Biden is claiming that this is gonna save the average family. Fourteen thousand eight hundred dollars a year. Which is a big number. And so i did some calculations. Let's say you have a household that earns eight thousand a year. Which i think is a little bit bigger than medium i think medium household income is maybe about seventy thousand but for the sake of this example. Let's say a couple is earning eighty thousand a year and they're right now spending twenty thousand four hundred on childcare. Which is a big chunk right. That'd be twenty-five percent of their income is going to childcare and the government says no no no the most you have to pay a seven percent so the government is going to pay fourteen thousand eight hundred which is the difference between fifty six hundred which is seven percent and the twenty thousand four hundred which would be paying now in order to save to fourteen thousand eight hundred that the biden administration claims. The average family is going to save because of this program. Now how is the government in theory assessing how much this is going to cost. Well they're probably looking at all of the families now who have kids in some type of day care childcare and they look at what they're spending and they figure okay it's gonna cost the government the difference between what they're spending now and what we're going to subsidize because you know we're only gonna make them pay the i seven percent but what they don't understand is the minute. The government starts giving away free childcare a lot. More people are going to want it. So for example take the couple that is making eighty thousand dollars a year and is now spending twenty thousand four hundred on childcare the minute that government caps their annual cost at fifty six hundred and says hey once you spend fifty six hundred on childcare you can buy all the.
Heartland Newsfeed Radio Network
"thousand eight the" Discussed on Heartland Newsfeed Radio Network
"Espn plus this does not include international buys likely eight nine hundred thousand eight years and would return after the break. We could talk about whatever you want today. Because i will open up the phone lines. No gimmicks allowed.
Heartland Newsfeed Radio Network
"thousand eight the" Discussed on Heartland Newsfeed Radio Network
"Com Hamilton was adopted from arrest. New in two thousand eight he really likes to be around people. Get out my matt and doing a downward dog. And he's underneath. He's quite the about town. He gets invited to a lot of parties. you.
Hyperbrole: A Comedy Advice Podcast
"thousand eight the" Discussed on Hyperbrole: A Comedy Advice Podcast
"She was one of the top burlesque performers in the world who was crowned miss exotic world in two thousand eight the miss exotic world pageant. She's had multiple appearances on conan. Good morning america. The today show gossip girl and more. She's the italian stallion. Nets angie pantani and thank you for having me. Oh my gosh. Thank you for joining. I so i for our listeners. How we originally connected ended up connecting through italian. Believe in god i am i tutor and that we were just talking about that about ten years ago. Which is insane. You haven't you don't look like you've aged the bit. I look like you. Time has taken a toll on me now now now now but i just wanted to the italian going now. Are you pretty much basically where you left me. That's not necessarily true. I got like well. I think after we stopped starting together. I ended up working in italy. A ton guy was on tv. Show out there. I was going out there like literally. Probably every two or three months and at that point i got really good and i kind of lost that shyness. Fear of just opening your mouth and diving in at the harwood I got over. That and i did really good and i was like i would say that i was blue but i get by. I could get you through italy. But i had not been there in several years now so i feel like i've plummeted again. The fact is like right before this pandemic happened. I was. I had two trips scheduled to start going back in working over there again but so hopefully when this is over i will but i think that's the thing when you're there and you're living it and you're immersed in it it's so magical how it comes back to you. Yeah no that's very true. And i feel like i haven't flex those muscles in a while either so. My italian started to atrophy as well. But that's i mean that's super cool that you were doing tv over there. What was it like. I mean it's awesome to be in another country and especially italy being on tv..
Heartland Newsfeed Radio Network
"thousand eight the" Discussed on Heartland Newsfeed Radio Network
"Lives so thank you for being a partner with me to getting the message out and by the way thanks for listening and thanks for helping spread the word about daily hope. God bless you be sure to join us again next time as we look into god's word for our daily hope this program has been sponsored by pastor. Rick hope and your generous financial support. Hamilton wasn't doctored from arrest. New in two thousand eight he really likes to be around people. Get out my matt and downward dog. And he's underneath. He's quite the puck about town. He gets invited to parties..
The Blog of Author Tim Ferriss
"thousand eight the" Discussed on The Blog of Author Tim Ferriss
"Up the entire podcast. Just a quick thanks to one of our sponsors and we'll be right back to the show. This episode is brought to you by wealth front. Did you know if you missed ten of the best performing days after the two thousand eight crisis you would have missed out on fifty percent five zero percent of your returns. Don't.
Discover Music Channel (Discover Music Channel)
"thousand eight the" Discussed on Discover Music Channel (Discover Music Channel)
"I can't believe you dad's. There's no no so this. What is stockholm syndrome. You know at stockholm's in your list. Yes not using elaborate by of faith that smile. Thank nigga say breaks. Stockholm syndrome is a psychological response. It occurs when hostages abuse victims bond with their captors or abuses this psychological connection gallops over the cost of the days weeks months even the s of captivity abuse So at the centrum hostages abuse victims may come to sympathize with that captives. this is the opposite of the fair. Understand that they may eggs that might be expected victim witness situations so you understand what that is basically bro ever tell you about the time i was at work in two thousand eight thousand eight two thousand nine and there was this chick to call more ninety four point nine. Fm and talking about her boyfriend and fighting on stuff and she had the nerve to tell the guests. I mean the hosts who on that night. He only hits me because he loves me..
Heartland Newsfeed Radio Network
"thousand eight the" Discussed on Heartland Newsfeed Radio Network
"Did that was that the precursor to the rumpole level -lution I'm trying to remember the the timeline a chronology. I don't remember the time line on that one. i don't either. I think he was after the two thousand eight run which was really the the big push so so maybe not maybe. I'm i think that was where a lot. Of the ron paul people went after the after the two thousand eight one. 'cause i remember being at a a place with some people and talking about my position on things you know called government and oh i suppose you ruining those tea parties then like i don't like to miss a good party is their booze. I definitely would be on one of those Old school tea party. You know boston boston boston. Hey this is the thing you tax. Let's just throw it away. Three three three three music reminds me of like a newscast. A six zero three two eight three six one. Six zero is our number. If you'd like to join us.
Bloomberg Radio New York - Recording Feed
"thousand eight the" Discussed on Bloomberg Radio New York - Recording Feed
"The last thing. I'll say at other differences. Just completely different is is the primacy of healthcare policy. The single most important economic policy in this is healthcare policy. It's it's two things it's getting control of the spread of the virus which we have not been able to do much success yet but it's also developing medical innovations or treatments and ultimately vaccination so The many many differences but I would say we did. Apply some of the lessons of global financial prices. We'll do safe. We didn't have the two thousand eight crisis. Response would have been defended all devout some lessons from two thousand eight which how to make quick response and orlando exposed. Some good two thousand eight was good to have experience in two thousand eight for this. It's hard to say that. I wouldn't wanna get caught same. Two thousand eight was a good thing that but but nonetheless. I just say this i think and i joined the fed in two thousand twelve so i i was there for the you know the response. We still had a long way to go in the economy. And of course some very familiar with what happened or crisis and yes. We learned plenty of lessons. We've the whole review effectively. You can take a step back in two thousand and twelve. We didn't know whether the new normal what it was gonna be. We you know. For many years people writing. I was writing down a return to three percent. Growth return to four percent nominal federal funds rate and a ten year yielding. Four or five percent. We didn't know so we lived through a ten year. Eight hundred twenty eight month expansion and we see what's happening around the world happening the us economy. We see the performance of inflation. We learned we also learned from a. I would say in particular fiscal policy tightened a lot..
Heartland Newsfeed Radio Network
"thousand eight the" Discussed on Heartland Newsfeed Radio Network
"I'm shawn crawford. State white is a production of npr illinois with help from other illinois public radio stations doctrine from a rescue in two thousand eight. She really likes to be around people. I get out my matt. And i'm doing downward dog. And he's underneath. She's quite the pub out town and he gets invited to a lot of.
The Israel Hour Radio Archives
"thousand eight the" Discussed on The Israel Hour Radio Archives
"The sad s as long right. Go fast am steve earle. But the us louis say neil yup on new format. Sixty four schumer. Lose your exotic a who To the israel our on yours you connect with us at facebook dot com slash israel. Our email us at info at israel our dot com at seven three two nine three to eight thousand eight hundred. Here's the host of the israel. Our josh ross..
Phil Wilson's Vinyl Revival Radio Show
"thousand eight the" Discussed on Phil Wilson's Vinyl Revival Radio Show
"Mood lights channel stone was and she urged cheese whisper. She coding on the worked league Revival back to nine thousand eight hundred three there with mike oldfield with volkers by maggie reilly on moonlight shadow. I it's been.