40 Burst results for "Trillions Of Dollars"
a16z
A highlight from AI Revolution: Disruption, Alignment, and Opportunity
"Experiences creation where amongst 65 or 70 million people is just part of the way it goes. You really want to think about, okay, what's somewhat possible today? What do you see glimpses of today? If this is like, you have to fill out a thousand pages of paperwork and get 15 different licenses from different bodies to make an AI system, that's never going to work. Entertainment is like this two trillion dollar a year industry. And like the dirty secret is that entertainment is imaginary friends that don't know you exist. And I wouldn't bet against startups in a general sense there. It's so early. The AI revolution is here. But as we collectively try to navigate this game -changing technology, there are still many questions that even the top builders in the world are grappling to answer. That is why A16Z recently brought together some of the most influential founders from open AI, Anthropic, Character AI, Roblox and more to an exclusive event called AI Revolution in San Francisco. Today's episode continues our coverage of this event as we discuss the very real world impact of this revolution on industries ranging from gaming to design and the considerations around alignment along the way. Now, if you missed part one, do yourself a favor and keep that up next so that you can eavesdrop on these top builders breaking down the current economics of this wave. Plus, whether scaling laws will continue and how these models will evolve to capture more of the world around us. Plus, if you'd like to listen to all the talks in full today, head on over to A16Z .com slash AI Revolution.
a16z
Fresh update on "trillions dollars" discussed on a16z
"Entertainment is like this two trillion dollar a year industry. And like the dirty secret is that entertainment is imaginary friends that don't know you exist. Like the reason people interact with TV or any of these other things, it's called like these parasocial relationships. Like your relationship with TV characters or book characters or celebrities. And everybody does it. It's actually a cool first use case for AGI. Like essentially there was the option to like go into like lots of different sorts of applications. And a lot of them have a lot of like overhead and requirements. Like you want to launch something that's a doctor. It's going to be a lot slower because you want to be really, really, really careful about not providing like false information. But friend you can do like really fast. Like it's just entertainment. It makes things up. That's a feature. And we likely won't build these fundamentally new experiences by dreaming them up in some lab. We'll get to great by iterating and putting these products into the hands of users. Here's Mira on how this approach underpinned ChatGPT success thus far. We did make a strategic decision a couple of years ago to pursue product. And we did this because we thought it was actually crucial to figure out how to deploy these models in the real world. And it would not be possible to just sit in a lab and develop this thing in a vacuum without feedback from users from the real world. And also with ChatGPT, you know, the week before we were worried that it wasn't good enough. And we put it out there and then people told us it is good enough to discover new use cases. And you see all these emergent use cases that I know you've written about. And that's what happens when you make this stuff accessible and easy to use and put it in the hands of everyone.
Thinking Crypto News & Interviews
A highlight from SEC GARY GENSLER HEARING & SUBPOENA SOON? COINBASE CRYPTO ADVOCACY WITH NANCY PELOSI!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a 5 star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, as you all may know, Gary Gensler testified before the House Financial Services Committee today. He got grilled. He got a lot of pressure questions and things that he was shaking and unable to answer. It's the same old nonsense. And I'm sure many of you saw the clips, so I'm not going to play a whole bunch of clips for you, but I'm going to give you the big takeaways. What can we expect next? And McHenry, Patrick out of the gate, started grilling Gary Gensler. He asked him, is Bitcoin a security? And Gary was like stumbling, like he couldn't even answer it. And of course, you know, Patrick McHenry was like, what are you doing, man? I'm giving you softball questions. You can't answer me. Is Bitcoin a security? So Gary Gensler continued his clown show. This guy's a scumbag regulator, as I've been saying for a long time, and needs to be fired. But the big takeaway from what Patrick McHenry said, folks, he threatened Gary Gensler and said, don't make me have to send a subpoena. And he highlighted that Gary has not sent documents about FTX. He highlighted Gary's losses in court and much more. So I think the next step, you know, I haven't seen this level of threat about a subpoena from these folks. So I think we're getting there, folks. And I'm actually going to be interviewing Congressman Warren Davidson, who also did a great job grilling Gary tomorrow. And he's going to I'm going to ask him about the subpoena and what are the next steps. And of course, he highlighted his SEC Stabilization Act, which essentially fires Gary Gensler and replaces that chair seat, adds another commissioner and an executive director. So it makes the SEC less political and more balanced. And he has some great questions to Gary. You know, he even alluded to the EITH Ethereum free pass. Some of you may have seen the clip. So he did a great job. And once again, I'm interviewing him tomorrow. So be sure you're subscribed on the podcast as well as the YouTube channel. And Tom Emmer also brought some heat on Gary Gensler saying, I'm convinced you are not an impartial regulator. And he went on and did a press conference about this. And Gary Gensler is a bureaucrat who does not answer to Congress and much more. So, you know, similar types of comments that we've seen historically. But I think the subpoena threat was the big takeaway for me. The other stuff was, you could argue, was said historically and said before and other hearings with Gary Gensler. Now, Democrat Richie Torres did a great job of talking to Gary and getting specific, like he highlighted, is buying a Pokemon card a security? Gary said no. So he said, well, what if that Pokemon card got tokenized on the blockchain? It's a den of security. And that's where Gary was going back and forth and saying he needs more details and yada, yada. But great questions by Representative Richie Torres, very laser targeted in detail where Gary is just like caught off guard and he's trying to dodge the questions. So Gary continues to get exposed. And I like what happened today. I think the clips and all the news that are coming out of it, while they may not be very much actionable, where Gary is getting kicked out tomorrow, right? They do paint Gary Gensler in a very bad light. And remember, I've said many times, a lot of politics is simply optics. And if you have bipartisan support against Gary Gensler, that's not good. He's not going to be in that seat for very long. So it's great to see Democrats coming out against Gary Gensler. Now, quick word from our sponsor folks, and that is Uphold, which makes crypto investing easy. I've been a user of Uphold since twenty eighteen. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and equities on Uphold. If you'd like to learn more, please visit the link in the description. Also, a great comment from Representative Andy Barr to Gary Gensler on capital markets. He said, if the U .S. capital markets are a gold medalist, you are the Tonya Harding of securities regulation because you are kneecapping the United States capital markets with the avalanche of red tape coming out of your commission. Wow. That is a pretty strong remark there. Many of you know about the Tonya Harding story. If you don't look it up, Nancy Kerrigan and Tonya Harden and someone who was sitting behind Gary Gensler started flashing the Coinbase stand with crypto NFT shield. Many of you have seen that. And someone also highlighted the stand with crypto logo on a piece of paper. So this is similar to what happened with the guy who did the buy Bitcoin behind Janet Yellen years ago. So they put this right behind Gary. So it's pretty funny. This is another one that's going to go in the record books. And on that note, the SEC did acknowledge that the 1 .5 trillion dollar asset manager, Franklin Templeton, spot Bitcoin ETF application. Now, that doesn't mean anything because we need an approval. But things are moving ahead for these new applicants. Now, as all this was happening, guess who was in D .C.? Brian Armstrong and the Coinbase folks. Pretty incredible. And they did this whole campaign where they're at the Hill and a Brian Armstrong tweet out here at our nation's capital for a stand with crypto day with 40 founders from across the country. It's time for America to join the rest of the G20 and get some clear rules on the books. So great move here by Coinbase because the juxtaposition of what Gary is saying and what a big publicly traded crypto company is doing with a whole bunch of founders in D .C., educating and providing advocacy is really, really great. So I love this. And you hear you see Brian posted some photos, he said a great meeting with Speaker Pelosi. Now, all feelings about Nancy Pelosi aside, this she's a Democrat, folks, and I think this is a very smart move, Brian. Very, very smart move, because today even Maxine Waters was praising Gary Gensler. Oh, he's the knight in shining armor. And Gary, you know, you've been doing your thing, protecting Americans from these crypto scammers. Right. So remember, just like two years ago, she was hugging up FTX saying she loves Sam Beckman Fried, blowing kisses, taking campaign donations from FTX. So she's can be bought and sold right pretty easily. And I really like this. Coinbase is playing chess here while Gary Gensler is getting grilled. I love it, love it, love it. And they took a whole bunch of photos here at the Capitol Hill. So smart move by Brian. Really, really smart move. Now, finally, Kraken sets sight on stock trading. So Kraken, the crypto exchange, they're looking to expand their services. And, you know, this makes sense. If you're ordering already an exchange where you sell crypto, you can easily move to stocks. And then I know some other folks have been looking to tokenize stocks and sell those. So this is a pretty big move. And we're going to see that these crypto exchanges are going to expand to other markets. And with the advent of tokenization, you know, they're going to tokenize a lot of the traditional financial markets and assets and commodities and much more. And allow people to easily get access to them globally, 24 seven trading and much more. So obviously this would put them up against like Robinhood, essentially right where you have stocks and you've got crypto in the mix. So I think it absolutely makes sense. Well, folks, that's the news. Let me know what you think. What did you think about Gary today in the hearing? And once again, I'll be interviewing Congressman Warren Davidson tomorrow. So be sure to check out that interview once it's published on Friday. And I'll talk to you all later.
a16z
Fresh update on "trillions dollars" discussed on a16z
"Experiences where creation amongst 65 or 70 million people is just part of the way it goes. You really want to think about, okay, what's somewhat possible today? What do you see glimpses of today? If this is like, you have to fill out a thousand pages of paperwork and get 15 different licenses from different bodies to make an AI system, that's never going to work. Entertainment is like this two trillion dollar a year industry. And like the dirty secret is that entertainment is imaginary friends that don't know you exist. And I wouldn't bet against startups in a general sense there. It's so early. The AI revolution is here. But as we collectively try to navigate this game-changing technology, there are still many questions that even the top builders in the world are grappling to answer. That is why A16Z recently brought together some of the most influential founders from open AI, Anthropic, Character AI, Roblox and more to an exclusive event called AI Revolution in San Francisco. Today's episode continues our coverage of this event as we discuss the very real world impact of this revolution on industries ranging from gaming to design and the considerations around alignment along the way. Now, if you missed part one, do yourself a favor and keep that up next so that you can eavesdrop on these top builders breaking down the current economics of this wave. Plus, whether scaling laws will continue and how these models will evolve to capture more of the world around us. Plus, if you'd like to listen to all the talks in full today, head on over to A16Z.com slash AI Revolution.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1414: Bitcoin Will Reach $10 Million By This Date - Adam Back
"In today's show, Bitcoin priced the $30 ,000 in October, says analysts as the Bitcoin price climbs 2%. And check it out, Coinbase CEO slams Chase UK for a totally inappropriate crypto move. And I'd say the same thing. Also, breaking news, the SEC chairman Gary Gensler says Bitcoin is not a security, but refuses to say it's a commodity. Max Keiser's response, Bitcoin is a synthetic commodity willed into existence by humanity's greed as a species for perfect money. It regulates itself, and it obviates the need for the nation state preach. Also in today's show, we'll be discussing the SEC pushes back the deadline for ARK 21 shares, spot Bitcoin ETF to January, continuing to kick the can down the road. However, breaking news, US lawmakers call on the SEC chairman Gary Gensler to approve a spot Bitcoin ETF immediately. Key word, immediately. Also in today's show, we'll be discussing Bitcoin price can hit $10 million within the next nine years, according to the Blockstream CEO, Adam Back. And speaking of a $10 million Bitcoin price, did you know Hal Finney was calculating a Bitcoin price of $10 million per coin just one week after the Genesis block on January 3rd of 2009? Talk about an absolute legend. 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 to everyone just joining us on our live stream. This is pod episode number 1414. I'm your host JV and today is September 27th, 2023. We've got another action packed show for you today. Let's kick it off with our market watch. It's good to see a lot of the cryptos are back in the green with Bitcoin holding on to $26 ,200 as support and checking out coinmarketcap .com we can see the crypto market cap pretty stagnant at just above a trillion dollars, we're roughly $28 billion in volume in the past 24 hours with a Bitcoin dominance pretty stagnant as well at 48 .9 % and the ether dominance at 18 .3 % and checking out the top 100 crypto gainers of the past 24 hours. We got Bitcoin cash leading the pack up 7 % trading at roughly $230 followed by the infamous Pepe up 5 .6 % followed by Chainlink up three and a half percent trading at $7 .65. Which altcoins if any are you most bullish on right now? Drop it in the comment section right down below and at the end of the show I'll be reading everyone's comments out loud and checking out the top 100 crypto gainers of the past week we can see it's a mix between a sea of red and a sea of green. We have Bitcoin cash up 7 % again link is up three and a half percent and RLB up four and a half percent and checking out one of my favorite indicators which is the crypto greed and fear index you can see we're currently rated a 46 in fear yesterday was a 47 last week a 46 and last month a 38 in fear so there you have it fam how many of you are bullish for this upcoming October which is only a few days out? Let me know your honest thoughts in the comments right down below and speaking of technical analysis let's dive into today's ta and check out the charts and what is popping with the king crypto.
Bitcoin Audible
Fresh update on "trillions dollars" discussed on Bitcoin Audible
"All right. So like I said, I really like Peter Saint-Ange and a lot of the work he does. And I also thought this was funny that this meme came out of nowhere. My wife asked me the other day, it's like, how often do you think about the Roman Empire? And I was like, where did this come from? And so this meme is going around, which I thought was funny, but it's great because it is actually kind of a perfect example of everything that we're going through. Like, I mean, yeah. Yeah, we're living through the fall of Rome. And the interesting thing about this idea, I think it's really crazy to realize when you take an honest view of history and you kind of like take all the politics out of it and stop trying to, you know, dump an ideology on history and just kind of look at what happened with every great empire. That essentially debt has been what takes down every empire. And there's a reason like, you know, Thomas Jefferson and like so many of the forefathers talk about like, debts are the greatest enemy. Like they're worse than a standing army. Napoleon, I don't care who makes the laws, as long as I can control who makes the money. Like everyone, like so many powerful people in history, despite the fact that this lesson is not taught in public schools for very good reason, because it's at odds with what the public schools would like or the government would like the public to think about what the government is able to do with money. You know, the fact that we don't realize that there are critical incentives and conflicts of interest with the government teaching the population what to think. Of course, of course, an institution is always going to teach people if it has a monopoly on the ability to teach people or on the price and capital allocated to teaching people, they're going to teach people things that are beneficial to the institution. Like, no, Walmart would never, if Walmart was running all of the schools, you would never be taught about all of the horrible, embarrassing things about Walmart's history. You would never be taught about all of the things, all of the ways that Walmart makes Walmart makes crappy products or cuts corners or doesn't have, doesn't actually serve their customers. You would be taught about how great Walmart is. Anything that was deeply in the interest of Walmart, that it was important for people, if people did not know or did not understand that thing, Walmart would not teach them that thing. The idea that somehow this is different for government, that people are different in some, you name the institution something different and you force people to participate in it, that somehow these incentives go away. No, not only do they not go away, they actually get deeper. They get more profound the more entrenched this institution is. And it's embedded in all of us. It's how we think about everything. There's a little gatekeeper and there's a little tyrant in every single person who is listening to this right now. There is one in me. If we do not keep that little tyrant in check, they will dominate the way we think and the way we do things. Everyone is a victim to this. The idea that there's a multi-trillion dollar organization that doesn't earn any of the own goals or conflicts of interest, its own incentives to do something that benefits it is absurd. So it's no coincidence that we're not taught about this, that history just kind of leaves this important part of it out. But it's funny because all we have to do to understand why this is the case, why debts destroy a society is just by grasping the most elementary truth of what savings and debt are. Like, what is it? What does it mean? The outcome or the consequences are extremely easy to derive. So I've been doing these little guys takes videos. I've only done two of them so far on YouTube and Rumble and Twitter.
The Dan Bongino Show
Donald Trump Jr.: Bank Witnesses Signed an Affidavit, Saying No Fraud
"Property for loans and the judge put in the court document a number so ridiculous to anyone forget about being a Florida resident anyone who has sense any of real estate at all I mean this has got to be I go you guys have to be thinking yourself what what the hell do we have to do they're never gonna stop yeah no it's like listen I've been in real estate for a time long before I started screaming about politics because I was firsthand witness to all of the insanity going on that I had to start getting involved and fighting back that's what I did for 25 years I was going through it with the lawyers last night I'm like but I don't understand and they're like we don't either we've never actually seen this before I mean imagine they're saying you know we defrauded banks that were paid back in full with interest I didn't like there's no allegations there's no allegations from the bank there's no victim Dan there's not even a victim the banks gave sworn testimony that of course we do our own valuations you know we're Deutsche Bank and I get trillion dollar bank yeah oh yeah we're just gonna believe what every person tells us I mean any one of your listeners who's ever bought a home or an apartment or anything there's a third -party appraiser in the tiniest of transactions think you that goes away on hundreds of millions of dollars of transaction no the scrutiny is so much but you know and those by the way those bank witnesses signed the affidavit under oath of course we did it it doesn't mean that we there's no victim they say that he just ignores it he chooses to just ignore that and says summary judgment no jury we're just going to say no jury and we're going to say we agree with everything that the Attorney General has said without actually hearing from any of the people we're just going to agree with everything that person the who literally campaigned on taking down Trump prior to ever seeing any of the evidence but ran campaign a on taking down Trump she can say whatever she wants and I'm just going to agree 100 % with everything that they say no jury
WTOP 24 Hour News
Fresh update on "trillions dollars" discussed on WTOP 24 Hour News
"60s as our sun gets lower in the sky. We're sitting at 66 in Leesburg. We've 64 announced -67 in downtown D .C. brought to you by Long Fence. Save 25 % Long Fence decks, pavers and fences. Six months, no payment, no interest financing. Terms and conditions apply. Go to .com. longfence Money news at 10 and 40 past the hour over to Jeff Clay Ball. Consumer confidence fell to a four -month low this month on growing concerns about a government shutdown, a recession, the job market and personal finances. Small businesses are worried about a government shutdown. Goldman Sachs surveyed 10 thousand small business owners. 70 % say it would negatively impact them. 24 % rely on services. SBA 21 % of small businesses are government contractors or contractors. Surging home prices since the pandemic began has pushed the total value of US residential real estate in the nation to a record 52 trillion dollars. That's up 49 % compared to before the pandemic. The Dow lost 69 points. The S &P just 500 a gained point. The Nasdaq up 29 points. Jeff Kleybaugh, WTOP News. This report is sponsored by Whole Foods Market. Gift yourself luxurious selections at Whole Foods Market. Save 20 % Send on select caviar with Prime through October 3rd while supplies last shop in store online. Terms apply. up
The Café Bitcoin Podcast
A highlight from Self-Custody, CoinJoins, and Q&A with Craig Raw, Sparrow Wallet - September 27th, 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. Let's go. I don't know about you guys, but I'm getting fired up. Bitcoin is next week. Dude, I am so excited. I'm I'm visiting three Bitcoiners on the way down. Super excited. It's going to be a hell of a lot of fun. Yeah, man. All right. Good morning and welcome, Dom Bay, Mickey. I assume that's Jordan on the Bitcoin Veterans handle, Terrence, Peter, Shane Hazel on the audience, throwing you an invite. Right. OK, quick little update. So next week, next week, we are not doing Cafe Bitcoin on Monday and Tuesdays. Swan team is traveling on Monday. Tuesday, we're going to be having like an offsite. So not going to be around Wednesday. We are resuming our regular schedule. Broadcasting from the hotel Thursday. Broadcasting live from the Swan dome Thursday morning and Friday morning. So on Thursday, we've got our crew plus BTC sessions. Ben Perrin on Friday. We are going to have Tip Enzi and Tomer Strohlight. We'll do it live. Do it live. I can write it and we'll do it live. Yeah, finally, dude, that's what I'm talking about. That's preparation. Asking Tip Enzi if she wants to perform Cantillionaire's game live. I don't know if that's going to happen, but we're going to ask her. If she does that, I will need padded area around me because that that would be insane. That's that's a tough song to do live, though, for sure. Oh, shit. Yeah. Right. You need to do some Wim Hof breathing exercises before spitting that that verse. Dude, I mean, she told me that like she's not really a rapper, right? She did a lot of editing to make the songs come out the way she wants. Good morning, Shane. How are you doing? Good morning, brother. I am working away here in the background, just enjoying a nice respite from the heat down here in North Georgia, man. It's pretty nice, but I'm getting pretty excited for PV next week. And I have a lot of people. I'm actually hosting a panel out there and looking forward to it. Yeah, that's right. That's the other thing. We're going to be doing a Bitcoin Veterans panel live at the Swan Dome. I think that's going to be on Friday. So that'll be cool. That's going to be myself, Shane Hazel. It will be Gabe Lord, Mickey Koss and Jordan Ganrel. The Swan Dome has some firepower this year. I'm not going to lie. Yeah, man. I don't know. I think this is the test run. They're not sure if they want to let Bitcoin Veterans on the main stage yet. They're testing, they're seeing, they're like, what are these crazy fuckers going to do? Like, let's see what's up. Yeah, let me just apologize in advance for screwing up our chances at that. Let me go ahead and apologize for Jordan in advance, too, because, I mean, I think if we don't burn it down, it's a huge success. We all are apologizing to Jordan and for Jordan in advance and considering getting an extra insurance rider for this particular event. OK, what time are you all going up to five? No, no. So Bitcoin Veterans is going to we're doing Cafe Bitcoin 9 a .m. Sharp Eastern and then there will be a short intro and then we're going right into Bitcoin Veterans starting at 10 a .m. on Friday in the Swan Dome. God, I was only asking because if you were going after myself in blue collar, it would for sure be already burned down. So it's checking. Any update on the flamethrower? Having a little trouble in the marshal's office. They don't seem to think that 30 to 40 foot flame lengths that I can handle that. So it's it's a back and forth. It's unlikely, but, you know, never say never. All right, we'll hold out hope. Let's get rolling into the show today. You are listening to Cafe Bitcoin. This is episode 443. Shout outs to our supporters on Fountain and Noster Nests. Our mission for this show is to provide the signal in a sea of noise. Teach the other seven billion people on this planet why there's hope because of this bright orange future that we call Bitcoin. Today, we are discussing Bitcoin news, covering some lizard alerts and talking about what's going on in the real estate markets as well. Later today, we have Craig Raw, the founder of Sparrow, looking forward to that. We're going to we're going to dig in. Last time we had Craig here, we did kind of a lot of background stuff like what is Sparrow all that. Today, we're going to get a little deeper into the weeds. We're going to go straight into the technical stuff. So if you want to know about Sparrow, have questions, whatever. We're going to go straight into that. Right. What's the most interesting breaking news? There's a congressman beating up Gary Gensler now to get those ETFs approved. And then at the same time, the SEC just delayed like three ETFs, I think, even though they're not even, you know, like a month from the deadline. And so they're starting to kick the can earlier, I guess. So it's sort of a strange situation. Maybe they're trying to line up all the timelines or something. Good morning, on the four elected officials in their open letter asking, demanding Gensler approve the Bitcoin ETF. They mentioned Fidelity, BlackRock and Grayscale, thanks to probably the lobbying by Barry Silbert and his compadres. Grayscale doesn't belong in that group. It just doesn't because BlackRock and Fidelity together manage about 13 trillion freaking dollars. Grayscale is a pimp. It's a fly on the windshield. It's very small. And Barry has a lot of problems with his ethics and genesis, GBTC kind of co -mingling funds or whatever they were doing. I understand that a lot of people who have GBTC, I have GBTC, want the conversion to happen sooner. But they're just not in the same class, ethically and just practically. That's like saying a corner grocery store belongs with Walmart. Well, all right then. So Franklin Templeton just filed a 19B -4 for its spot Bitcoin ETF application, which is officially starting the clock with the SEC. Franklin Templeton manages another one and a half trillion dollars. So the big boys are looking like the big boys are wading into the game. Yeah, the big four are besides Franklin Templeton, which is about one and a half trillion. The last one is Invesco, which is also about one and a half trillion. And those are all much bigger than the biggest of the also RANs or the smaller spot BTC applicants like ARK. And Valkyrie and so forth, they're much, much smaller, maybe tens of billions or less. Hey, Terrence, for a liquor store, doesn't Grayscale have a lot of Bitcoin in custody? They do. It's going to be pretty minor compared to the rush of cash that should flood in. Assuming like, you know, the DOJ stuff with Binance and stuff is looks like it's there's more certainty around that. They're trying to they're talking about maybe having a plea deal with CZ and Binance. So if that gets resolved, then yeah, you have a pretty big green light. I will say like one thing with the gold ETFs when those took off and gold prices shot up. That will also correlated with massive problems in the fiscal and monetary policy. And we definitely have that on the fiscal side. I would say on the monetary side rates are, you know, higher than you'd like for liquidity, money supplies going down. But on the fiscal side, with a ridiculous spending debt and deficits, that sets up a big that's a great setup for a big flood of cash to come in. As long as one of the big four launches a big Bitcoin ETF. Hey, Alex, not to not to revisit an old horse, I know that's a butchering of the phrase, but, you know, I know yesterday we were talking about institutional. And for those listening again, like, you know, the ETF comes up a lot again because it is a vehicle for institutional funds to hold commodities. I know you guys were talking about it yesterday, but like other commodities, as far as I know, funds like pension funds, any commodities they hold, none of it is physical. All of it is futures or ETF indexes. And a lot of that has to do with being able to liquidate, move things around, balance the fund, etc. All right, well, you would you mind explaining that a little more in depth for people who don't get that? Because so many I've run into many people who don't understand that they're like, why don't pension funds just buy the underlying asset? Why don't they buy the Bitcoin directly? Why don't they buy gold directly? Why don't they buy corn directly? Why don't they buy oil directly? What's the problem with that? Yeah, so one of the things with pension funds is there's a lot going on.
WTOP 24 Hour News
Fresh "Trillions Of Dollars" from WTOP 24 Hour News
"Eagle bank get advice from local leaders on how to navigate today's business climate go to w t o p dot com and search small business september dave del dine w t o p traffic forecast now from seven news first alert meteorologist steve a rudin very nice evening across the dmv with temperatures slowly falling through the sixties under partly cloudy skies a few clouds will stick around during the overnight with wake up temperatures tomorrow morning in the fifties clouds will increase during the midday hours on thursday we'll see an isolated shower or two not going to mount to a whole lot as most neighborhoods stay dry near 70 degrees widespread showers on friday lower 70s clearing for the weekend i'm seven news meteorologist steve rudin the first alert weather center heights temperatures are looking kinda nice here with the sunshine afternoon this we check in at seventy degrees in northwest d .c. monday news at ten and forty past the hour brought to you by pen fed great rates for everyone here's confidence fell to a four -month low this month on growing concerns about a recession has shut down the job market and personal finances small businesses are worried about a shutdown goldman sachs survey ten thousand small business owners seventy percent say it would negatively impact them twenty four percent rely on s b a services twenty one percent of small businesses are government contractors or subcontractors surging home prices since the pandemic began have pushed the total value of all u s residential real estate to a fifty two trillion dollars that's forty nine percent more than before the pandemic the d .c. metro ranks six most valuable housing market the top five are new york l a san francisco austin and miami but i lost a little ground again today down sixty eight points the s and p five hundred finish the day up just one the nasdaq gain twenty nine points jeff clable wtop news thank you jeff for forty one now wtop the latest now on a high profile murder case in baltimore this week with the suspects still on the loose we're talking about the killing of entrepreneur paul appear before suspect jason
Crypto Banter
A highlight from Top 3 Crypto Sectors for MASSIVE Profits In 2024! (Accumulate Now)
"There are three crypto sectors which I believe are going to be the pillars of next cycle and thus I am positioning my portfolio concentrated around these three sectors. In front of you on the screen right now, you can see the historical snapshot of the market during the peak of the 2017 bull run. Take a look around, look at the top 50. How many coins here didn't end up featuring in the 2021 bull run? You've got Lisk, you've got Omizgo, you've got Stratus, BitShares, Ardor, Hyper Cash, Bytecoin etc. All these ancient relics ended up fading into oblivion come the 2021 cycle where we saw coins like Polkadot, coins like Terra, Avalanche, Solana all outperform and exhibit massive gains versus their old counterparts. So if you go into this next cycle investing in the old relics of last cycle and not addressing the current problems we have in crypto right now, I think you are in for a rude awakening come the next bull run. So instead, why not focus on the biggest problems of next cycle? Be preemptive here and start anticipating what some of the biggest upcoming trends are going to be. Then you can reverse engineer that process and start building the foundational blocks of your portfolio now setting yourself up for success in next cycle. So today I want to talk about three major verticals that I am eyeing in crypto and I'm three of the biggest sectors next cycle. I'm also going to give you coin picks from each of these sectors and give you my strategy with each individual category. Without further ado, let's get straight into the video. Now the first major sector in crypto that I think is undeniable as the driving force behind crypto's price performance and also the lifeblood of a lot of the market is simply speculation. I mean just think about it, humans are innately gamblers. The entire premise of stock market's growth over the last century has essentially been people speculating on asset prices going up in the future. Crypto is the biggest and most accessible casino in the world so when it comes to human speculation it is definitely well positioned for significant upside. Now as long as humans exist I believe that their desire to speculate will exist because humans are innately gamblers and for that reason I'm bullish on human greed. So when it comes to crypto how can you position yourself on the premise that humans will want to speculate next cycle? Well in my opinion there are really two growth verticals here when it comes to human speculation. Yes it is the most basic of the three narratives of today's video but it is also the most obvious one. Crypto's use case whether we like it or not is gambling and is speculation and for that reason you can divide this up into a gambling platforms that facilitate people's ability to speculate and two platforms like DEXs that allow people to speculate on the market specifically. So when it comes to gambling platforms I think it's undeniable like rollbit for example has been a major prominent pillar of this sector given the fact that it's been able to do over 25 million dollars of 30 -day casino revenue and as a result has burnt 5 .3 million dollars worth of rollbit tokens. This is an example of a protocol that is really primed to capture that human greed factor considering it offers a casino product, a crypto futures product and a sports revenue product. I haven't seen many other great gambling platforms in crypto launch so for today's video I think rollbit is the obvious selection here but as they start to launch and as some better products start to come out in this niche definitely gambling platforms is something I have on my horizon because as I said I'm bullish on human greed. Now if you look at rollbit's fees you can also see that comparatively it stacks up pretty well to the rest of the market with it actually generating more in the past 30 days than the blockchain Tron, the biggest DEX on Ethereum Uniswap, the Bitcoin network, it's only behind ETH and Lido in terms of revenue generation so that's a super interesting vertical. Now the other vertical in terms of capturing speculation next cycle is of course the DEXs because if you view crypto as the ultimate casino then in this world the exchanges by default become the house. Now when retail comes back volume returns, volatility returns and more importantly risk appetite returns which in my opinion it inevitably will then the DEXs and the centralized exchanges are going to be the biggest beneficiaries but due to the recent regulations surrounding centralized exchanges and due to the transformative shift we have seen over the last few months from centralized exchange trading to DEX trading I think DEXs considering this environment are going to be some of the major beneficiaries when it comes to capturing revenue from what we call the crypto casino. So I am looking to position myself in the top DEXs in the market, the top -notch products which have a clean and intuitive UI because I believe that stickiness comes from a great user experience, a diverse range of trading pairs and prompt listings of the new hottest crypto coins and products, competitive fees and strong referral programs because we know exchanges like Bybit were built around really strong referral programs and a DEX is going to need to capture that in order to fully harness its growth potential. So at the end of the day it comes down to user experience when we can get a centralized exchange like experience on a DEX then I think there is really an incentive considering crypto regulation for people to actually use these DEXs. Now what are some of the products I'm looking at? GMX clearly has been one of the leaders in this sector, it's also heavily discounted in price since its highs, this is definitely one that I've got on my list. Gains network as well is another one that I've got on my list considering the fact that it supports 64 trading pairs, they've also got forex and commodities so it's not just crypto that you can speculate on on the blockchain and there's also a bunch of other features that they offer. They give up to 150x leverage, I mean that by definition appeals to the degens, they give 250x leverage on commodities and 1000x on forex in some cases, they also support collateral deposits up to 250k and DAI is also a stablecoin supported as collateral. They also have a few interesting features like lookbacks for better execution, one click trading for a better trading experience. So in terms of current trading products that are on the market right now in the DEX form, I think G -Trade and more broadly the Gains network team are doing a really good job at pioneering this space. Now of course Gains is a partner of the show, if you do want to trade on G -Trade there is a link in the description. If you haven't yet, I think you are missing out because it's an amazing trading experience and for those that are looking for a new trading home, I think this is one of the best products on the market right now. Another DEX that I'm looking at is DYDX. These guys are going for a really novel and pretty ambitious approach to solving the DEX problem with their own chain. They did decide to leave Ethereum and launch their own chain on Cosmos, that's super bold. If it fails, it could fail spectacularly but if it pays off, it could really pay off spectacularly due to the additional composability that deploying on Cosmos gives you over deploying an EVM application. So this could be a massive success, we don't know yet but if it is, it's definitely something that I'm interested in getting exposure to. Just keep in mind that there is a big token unlock coming. I am expecting DYDX to issue some sort of big announcement to try and offset some of the sell pressure but just keep in mind that there is a bunch of sell pressure coming and you're probably going to want to DCA slowly into this one as not to take on any unnecessary risk during a bear market. Now I've got one more option for you if you're interested in this whole speculation DEX narrative and that's say network. So you don't just have to bet on the specific DEXs, you can bet on the infrastructure, the platforms that are facilitating speculation and say by default is a layer one blockchain that is specifically being built for traders because they're offering fast finality which is very important when it comes to executing trading, a twin turbo consensus mechanism which is very important for the overall performance of the network, they have a native matching engine that allows exchange teams to leverage that to build their own exchange products and also they have front running protection built into the layer one blockchain. So pretty much what you need to know is say is a blockchain built specifically for trading applications and if you want exposure to this narrative this is definitely an interesting one. Price wise it's essentially been down only since its launch but this is one that I'm looking at accumulating maybe let's say over the next six months to a year slowly accumulating to position myself in this narrative I think say is a super interesting unique bet. Okay now let's get into sector number two and that is real world assets. DeFi has a big problem right now, the interest rates across the world have increased significantly since 2021 so there's less of an incentive to stake money in DeFi yield farms. I mean back in 2021 when interest rates were essentially zero people were desperate and they were starved for yield so they were parking capital in DeFi where you could get 10 to 20 percent of your stable coins, 20 to 30 percent on your ethereum. It was amazing right? Well those days are over and now for DeFi to succeed and become sustainable it's going to need avenues to attract capital into the ecosystem and I think the number one vertical for this is real world assets so that's essentially tokenizing assets like real estate gold collectibles cars and intangible assets like equities bonds carbon credits and trade finance and bringing it on chain in the form of a token and enabling users on chain to deposit into vaults to earn yield on real life assets so if that is a property it can be divisible into a bunch of tokens offered on chain so you can essentially invest into a property instead of going through the rigmarole of investing it in real life with big barriers to entry you can take a lesser barrier to entry and divide it up into a bunch of fractions to allow people to invest and earn yield on that property on chain but bonds are another example instead of having to go through a traditional trading house and centralized entities which take huge transaction and management fees you can go straight peer -to -peer on a DeFi or crypto product which allows you to invest in things like bonds and treasury bonds so it's super interesting the real world asset space and as you can see the boston consulting group expects this space to 26x from 0 .6 trillion dollars to 16 trillion dollars by the year 2030 with their high case so their bullish case being 68 trillion dollars which is 113 x from the current market cap of real world assets so this could potentially be a whole lot of money coming into the crypto ecosystem so clearly real world assets are a massive growth vertical and this is one that i'm interested in positioning myself towards because if we do see a massive influx of tokenized assets coming on chain this could be a huge attraction for new tbl to come into the crypto market now in terms of positioning myself for real world assets there's a few ways you can do it the first way is essentially betting on individual real world asset protocols and this is probably your most direct way but it's also the riskier because even if real world assets succeed if a specific protocol fails then your investment could still go to zero the safer way but the less upside way would simply to be to invest in the blockchains the l1s the l2s that you believe in and you think are going to be home to the tokenization of assets because at the end of the day these blockchains make sequencer fees and revenue which in some cases are paid back to holders so the overall value of the chain increases however as you guys know you're not getting as much upside of course so you've kind of got to decide whether you want to go for a protocol based approach or an infrastructure based approach i like to do a little bit of both because then i can capture some of the massive upside but i can also have some safer bets to hedge against some of the protocol specific bets in terms of protocol specific players my favorite ones fracks i've talked about this a lot in the past but they're doing a lot with their v3 they've got fracks lend they're not just a real world asset protocol they've got exposure to other niches as well to hedge as well so i do like fracks as a play this is my personal favorite one in the sector make it also interesting i don't own any and i'm not planning on buying any anytime soon but this has definitely been the the leader of this narrative considering that they've been able to accrue over 600 million dollars worth of vault value thanks to their importation of treasury yields on chain so this has been a really successful one but i'm also seeing many different real estate products collectibles marketplaces and super interesting products starting to launch in the real world asset space so this is definitely one where you want to keep some capital aside and look to position yourself in this one uh over the next few months this is definitely one of the biggest growth verticals next cycle especially if we can get anywhere close to that 68 trillion dollar figure that bcg did suggest as a potential growth target by the year 2030.
Bankless
A highlight from Fidelity's Bull Case For Ethereum
"Are the institutions serious about Ether the asset? That is the question today. So Fidelity, the multi -trillion dollar asset company just recently released an investment report. It was entitled Ethereum Investment Thesis. This is their case for why Ether the asset. The question on today's episode is, are the institutions really serious about Ether? Has Ether the asset passed through the institutional gauntlet the way Bitcoin has? This is the investment thesis from Fidelity. We bring on the researchers who wrote it and I gotta say, they pretty much get it right. We talk about value accrual for Ether the asset. We talk about whether Ether is money or whether it's a capital asset or maybe a bit of both. We talk about this concept of blue chip block space and maybe Ether block space is emerging as that. So stay tuned for this episode if you want to get more bullish on Ether with some conviction. David, before we get in, there's a message from our friends and sponsors over at Layer Zero. What do they want people to know? Yeah, Layer Zero is teaming up with Google Cloud. I did a panel at Permissionless with Raz from Layer Zero and Rich from Google Cloud talking about all about their partnership, their integration. Layer Zero of course is a messaging network. Layer Zero has smart contracts on 15 different chains across the crypto world and Google Cloud is the oracle that passes messages between these chains. It's the default oracle and so it's pretty cool that we're getting Google as a large player to come support this industry getting over some of our biggest hurdles, the hurdle of course of getting from chain to chain. But can you provide better infra than Google Cloud? Probably not. But if you can, you can run your own oracle too, weaving together 15 chains, hopefully more securely than the last bull market. So there's a link in the show notes, layerzero .network to find out more. All right, let me ask the question before we begin. Why was this episode significant? Why did we do it with Fidelity? Fidelity is a amplifier of some of the core analysis that has gone on in this industry to much more capital than that is currently in this industry. How many AUM does Fidelity have, Ryan? How much would you say? Something like four to five trillion. Four to five trillion? What is the market cap of our industry right now? One trillion? One trillion. Okay. So think about that leverage, right? Yes. They are putting in work to understand Ether. One of the lines that we've said frequently, and you'll hear it in this podcast, is the most bullish thing for Ether is to be understood. And there are some tailwinds behind this. Ether, unlike Bitcoin, has metrics. It has staking yields. It has burn rate. It has all of these different metrics that help kind of define the contours of what Ether is. And these are being put into an investment report by Fidelity. And so we go through the authors of this report and kind of unpack the investment thesis behind Ether. But also, I would say, it's also a framework for general crypto networks who are interested in following in Ether's footsteps. Do you want an investment report written by Fidelity to broadcast the merits of your network to the broader trad five, five trillion dollar asset under management Fidelity world? We talk about what it takes to join the ranks of Bitcoin, because now there are two. Two blue chips, Bitcoin and Ether. So we narrowly get to talk about Ether and its properties, but also kind of provide a framework follow for on crypto assets to join in the ranks, because, I mean, the bullish case for crypto is that we get more blue chips than just Bitcoin and Ether. And so that's why I would say this is significant and why it's worth listening to. Yeah. For me, it's not as much what they're saying, it's who's saying it. And that's what makes the impact and the difference. And this is a message that goes directly to institutions. So you'll get a flavor of how the institutions think about Ether, the asset in this episode, I think. Long time bankless listeners will probably, this is review content from them, but I mean, it's different when that content first came in the form of like medium articles and sub sec posts. Now it is in the form of professional PDFs from Fidelity. And so it's always nice to see the expansion of the narrative take on new forms. You got to check the footnotes in this white paper as well. They footnote ultrasound money, which is really cool. And guys, before we get into this episode, of course, first we disclose both David and I hold Ether. We are long term investors. We are not journalists. We don't do paid content. There's always a link to all bankless disclosures in the show notes. All right, let's get to our episode on the Ethereum investment thesis with Chris and Jack. But before we do, we want to thank the sponsors that made this possible, including our number one recommended crypto exchange, Kraken. Go check them out. Kraken Pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data and outside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Metamask Portfolio is your one stop shop to manage your crypto assets and to tap into DeFi all in one place. And the most important part of that experience? Buying crypto, obviously. Metamask Portfolio's buy feature enables you to purchase crypto easily without going through centralized exchanges. Designed with you in mind, you can fund your wallet directly in just a few clicks with convenience and simplicity. What happens when you press the buy button? Rather than being limited to a single payment provider, Metamask brings together a bunch of vetted trustworthy providers to present you with customized quotes for your crypto purchase. Once you've funded your wallet, you'll be able to plug into DeFi with all the money and verbs like swapping, bridging and staking. But first things first, you need skin in the game. Head over to metamask .io slash portfolio to buy crypto the easy way.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Rep. French Hill and Sen. Tom Cotton on opposing the shutdown
"Welcome back, America. I'm Hugh Hewitt, another gold bump in honor of Senator Goldbars Menendez. I'm joined by Representative French Hill from Arkansas. Representative Hill is one of the smart guys because he's on the Intel Committee. That's handpicked and the Republicans are always serious about that. He's also on foreign affairs and financial services. Our old friend John Campbell used to serve on financial services. That's one of the smart committees. So Representative Hill, welcome back. Good to have you. But you are a Vanderbilt grad, so we're not going to talk about football. Seriously, you lost to Wake Forest and the University of Las Vegas. Does that, how does that go down with the Commodore Nation? Well, it's we're always waiting for golf season. Congressman, the House is going to come up with a solution or the government's going to shut down. What's it going to be? Look, Hugh, if we want to be strong, if we want to lock in the wins that we got in the debt ceiling negotiation, when we put forward a plan that actually cut spending year over year, change the regulatory focus, encourage more people back into the workforce, we need to pass these 11 remaining appropriations bills. And that was not gotten to over the summer, even though now think about this, Hugh, even though each of those bills is written at a spending level below the debt ceiling deal and each one locks in conservative policies. It's really so frustrating to me that those have been delayed from coming to the House floor, including twice over the last week by a handful of members when they're missing this big picture. Lock in the wins, cut spending, reduce regulations, get more people back in the workforce, get the spotlight back on Joe Biden's failures and off of the House. Congressman Hill, I don't expect you to speak ill of a colleague, but I can. Congressman Gates wants to be governor of Florida. Congressman Maryland native Matt Rosendale wants to be senator from Montana. Ralph Norman, Congressman Ralph Norman wants to be senator from South Carolina. Going to run against Lindsey Graham. And Congressman Dan Bishop wants to be the attorney general of North Carolina. So I understand self -interest. Those guys have no interest in governing. But do they really want to bring down the Republican majority? Because they're going to get crushed if they do this. Right. But by this kind of of tactic, you're going to end up with a Biden Schumer clean debt ceiling deal and with spending levels, certainly at the Biden McCarthy level, but weaker policy, weaker policies. Because in order to be the strongest negotiator, get the most conservative win, we need to pass the appropriations bills. That's why McCarthy's plan this week of trying to get the rest of the bills across the floor, at least 70 percent of discretionary spending, plus plus a four week short term stopgap spending measure measure that cut spending, repeat cut spending for that one month and put border in the spotlight by putting H .R. two on. There is no conservative that should vote no on that. And this is just arguing against ourselves. It's a huge mistake. Now, Congressman Hill, I call him now St. Kevin. I've known the speaker for a long time, and now I'm going to have him nominated to be considered for sainthood because that is a difficult caucus to deal with. When you've got four members who are leading the Nuckelhead caucus and my buddy Ken Buck wants a CNN contract, there really isn't any appeal to their self -interest. How do you move them? I mean, are you going to have to use Democrat votes? And can and can Speaker McCarthy remain speaker if he uses Democrat votes? Well, I think that's what we have to try every single day to put a bill on the floor and find out that, as you say, this small group is the tyranny of the tiny, as I describe it, is violating the majority of the majority because they're going to hurt the conservative cause. They'll cause us to lose the House. And that's certainly not in the interest of the conservative cause when we're on the cusp, potentially of beating Biden in the presidential election and winning the Senate back. It's ridiculous. You know, if former President Trump gets reelected and the House switches to Democrats, they will impeach him in the first week. Do these allegedly Trump supporting congressmen. And it's Norman. It's Maryland native Matt Rosendale is running for Senate in Montana. It's Ralph Norman and it's Matt. Have they heard from the former president that he wants to be impeached again because they sure are acting like they want him impeached again? Well, look, they don't even they spend what he says now. President Trump last week said use the power of the purse to get control of Joe Biden's two trillion dollars of extra spending. I agree. That's what the debt ceiling does. And that's what these spending bills do. And that's why we have to get them across the House floor. He did not say he Trump did not say shut the government down and act like knuckleheads. He said, use the power of the purse to get the most conservative deal. Get this country back on track. I agree. That's what we could do if we had those four people assist us get these bills across the floor this week. Well, I just their their incentives are to get ink. And I mean, their incentives are not the incentives to govern. And I don't know how hot it gets in the caucus. Can you tell us that our members of the caucus about had it with these guys? There's nothing you can do because they're running for statewide office. But if they had it and expressed it. Well, I think they have had it and expressed it in blunt terms, including calling them out that if you vote against the rule on the House floor, you're working with the minority party. You're working with Democrats when you do that. That is not acting as a member of the majority. And I think you're seeing the country respond to look at Moody's comments yesterday, look at the VIX up to day three percent. Look at the 10 year Treasury rate up over four point five percent. This is going in the wrong direction when we should be taking a win right now of cutting spending 24 over 23, getting better rules and regulations in place, countering Joe Biden's bad policies. And as I say, encouraging more people back to work through our welfare reforms. These are classic conservative Republican wins. And we're squandering the opportunity. Snatching defeat from the jaws of victory is kind of a Republican specialty in the House. So let's let's focus on that for a moment. When do you get a test vote today or tomorrow on whether or not the four will move or they will stay for? They've got more than four right now, but you've got serious people like Chip Roy are not playing these games. Will the Freedom Caucus bring whatever persuasive influence they have to bear on them? Well, we're going to bring a rule. The rules committee met Friday and all day Saturday, so we'll be bringing a rule up either tonight or early in the morning. That will be the first test case to see if we can move these spending bills, which includes state and foreign operations spending, which is at one point seven billion below twenty nineteen levels.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Thinking Crypto News & Interviews
A highlight from Fred Thiel Interview - Sovereign Wealth Funds Investing in Bitcoin & Bitcoin Mining - Marathon Digital Holdings
"At five, six hundred billion dollars of total market cap for Bitcoin, if you include all the Bitcoin that have been produced today, a sovereign who wants to go park fifty billion dollars because they happen to have a five trillion dollar set of assets in their overall portfolio, that would have a huge impact on the price of Bitcoin. INTRO This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Fred Thiel, who is the CEO of Marathon Digital Holdings. Fred, it's great to have you back on the show. Great to be here. Fred, we last spoke about two years ago. I'm excited to hear the latest updates around Marathon Digital. I'm excited about the boom in Bitcoin mining in the United States. And Marathon is certainly one of the leading miners. Tell us what's new with Marathon. Well, compared to two years ago, we've grown a lot. We're now with over 23 exit hash of installed capacity, about 19 exit hash operating, just waiting to turn on our Garden City site, which should be any day here. And we've also expanded internationally. So we now have a 250 megawatt installation in Abu Dhabi, 50 megawatts of which is up and operational. That's all immersion. It's the first site that we've designed, inspect, built and operate ourselves fully. So that's very unique conditions. It's the middle of the desert and next to the Persian Gulf. So it's very hot, very humid conditions. But we have this great relationship with the local grid operators that allows them to balance the grid using our Bitcoin mining, which they love at the moment, which is great. And that site should be fully operational by the end of this year. And then we've recently announced some additional machine orders. So we'll be growing our capacity to around 30 exit hash in the near to mid future. So we're very happy with that. Another thing, we announced a week ago that we were going to essentially redeem about $417 million worth of our debt for equity, which will put our balance sheet in a really strong place. We'll end up with a little over $300 million of debt with over $400 million of liquidity between cash and Bitcoin. And coming into the having, we think it's really important to have a strong balance sheet with no short term debt and a position to take advantage of whatever opportunities arise. Yeah, that's exciting. And I'm curious about the Abu Dhabi location. Was it more of a, let's say, friendliness to Bitcoin mining in addition to, let's say, low energy costs? But also, it seems in the Middle East, there's more opening up to crypto in general. What was the strategy behind positioning yourselves there? core So the desire was a couple of things. One, balance the grid, because in the summertime, they use four gigawatts of power. In the winter, it's only one gigawatt. So it's a huge asymmetry in the power need. And they had just put online a new five gigawatt nuclear power plant. And so they have this excess power. So what do you do when you have excess power? Well, you find a customer for it. And Bitcoin mining obviously being an easy customer to use because we have the ability to be an interruptible load, which for their needs is perfect because in the summer, they don't need four gigawatts all day long. They only need it in certain times of the afternoon and evening. And so where initially they were going to consider longer curtailment periods, they're actually doing it in very short increments now. It's working so well that they're looking to automate that whole process, which will be great because we're ready for that automation.
Bloomberg Radio New York
"trillions dollars" Discussed on Bloomberg Radio New York
"Third trillion dollar tech economy globally we have more unicorns you know these billion dollar companies than anywhere else in Europe so we are very keen to bring together all our friends and indeed people whose values we don't share to try and manage this next huge development in humanity's tech journey I used to walk by the silicon roundabout a lot but right now you're actually dealing with the Titans of Silicon Valley in California have you convinced any of them to come to this summit in the United Kingdom? I think we're going to get most of them coming. You're absolutely right well actually he's someone I haven't spoken to but he'd be very very welcome but I just say this you know we are Europe Silicon Valley now since you lived in London Anne -Marie there's been a huge tech explosion and you know we are really proud to be able a to make good contribution to this debate it's much better that we try and grip this right from the outset and I think you know from the point of view of investment going forward investors want to that see governments have figured all this stuff out and then when they do they're going to start to put in huge really sums of the money at the moment we're getting a lot of money going being spent by the really big numbers and we've got quite a few startups but if we're really going to make this the huge opportunity it can be then we need to get some kind of consensus about how to keep it safe. Last question Chancellor the kept UK rates on change today is that the end of what seemed to be an endless cycle of hikes? Well you know just like the US these things are decided independently. I hope it is but obviously I have to leave it to the experts in the Bank of England to make the final decision but I think both in the UK and the US what you can see is that if you take corrective action and if you stay the course you can get inflation down and in both our countries it's definitely peaked but it's just so painful getting inflation out of your system and I think the lesson here just got a stick at it and then we can get back to the decent growth levels that we all want. When you look what's at going on in Ukraine and the concerns from US legislatures I want to know from you as I'm experiencing with some conversations in New York alongside the UN General Assembly this idea of war fatigue. Are you at United Kingdom as well? We're not but what I would say to our friends in America is we are incredibly grateful for the global leadership that the United States has shown when it comes to the Ukraine conflict. And I don't think there's a choice you know either we focus on Ukraine or we focus on China. The truth is that when you have an aggressor who does something completely unacceptable, tries to tear up international borders. If you're weak when that happens then you are making the likelihood of conflicts in other parts of the world even higher. And so that's why I think the more the international community stands together when it comes to Ukraine, the less likely we'll have problems elsewhere. So that was the Chancellor Jeremy Hunt speaking to Bloomberg's Anne -Marie Hordurn and Jo Matthew. Yeah and if you're curious the UK's AI summit is meant to be happening on the 1st and 2nd of November from Bletchley Park of course and we'll be bringing you lots of coverage of it when it happens. But the Chancellor was also talking about Ukraine. So let's turn to that story. It has been 19 months since Russia launched its full -scale invasion and today Bloomberg is reporting on how President Volodymyr Zelensky is starting to show the strains from the war. This as he comes under pressure from the West and leaders on military support, is counter -offensive but also corruption in the country. Our senior UK government reporter Alex Wickham joins us now for more. Good Alex morning. What are Bloomberg's sources in Ukraine and also in the West saying Zelensky is thinking right now? Yeah we have a story out today based on sources across Europe and Ukraine essentially saying that Zelensky detects a bit of a shift or he is worried that there is a bit of a shift in the Western position from complete all -out support giving endless seemingly amounts of money and weapons to just a slight bit of concern and a bit of doubt about how long really the war is going to go on. The Western intelligence assessments essentially say this is looking like a very long drawn out war now, a war question of and attrition that's what Putin wants and essentially the question is starting to be asked among some Western politicians. I think how long can the West possibly supporting keep as it has been because there are financial considerations, military considerations but also political considerations in the West with a series of elections coming up most obviously in the US. Now the White House says that they'll back Ukraine as long as it takes Alex, has there been then a real shift of position behind the scenes? It's hard to say that but certainly that is the fear among I think what people close to Zelensky say and also some officials European say as well is that there has been a bit of a shift and I think the main issue is the US election really because you know it's a year and a bit until a potentially different president enters the White House with potentially a very different view on the Ukraine war. Republican politicians increasingly are skeptical about the amount of support America is giving and so you have this situation where while I think as we just heard from Jeremy Hunt there, politicians currently would probably quite like to keep supporting Ukraine as long as it takes as they keep saying publicly, the reality is they are not necessarily the ones who are in power. I've heard from one British official that they were sort of saying it would be ideal if the war could end as soon as possible, of course, I think probably everybody agrees with that. But in also the wider context of elections in the West, it would be better if Biden was in charge of the US while those negotiations started anybody than else is the sort of sentiment that you're starting to see creep in. And that ends up meaning pressure on Zelensky, whether it's on the counter -references, whether it's on things like corruption in his country, and that's why you see him showing the strain as he has over the last few weeks. Yeah. So is this dependent on a military breakthrough then actually in Ukraine? Is that what the West needs to see? And what does it mean in terms of negotiation? Is that an idea that returning? I think on the military front, Ukraine has made progress over the last few months. It has obviously been slow progress. There hasn't been one
The Bitboy Crypto Podcast
A highlight from ATTACK AGAINST CRYPTO! (The WORST Is Yet To Come)
"Hey, what's up, everyone. Welcome to Discover Crypto. My name is A .J. Wright's crypto. And I really don't want to talk about this, but I have to get into this because you guys need to know things are probably about to get pretty messy in crypto. I mean, it's already been, you know, with the SEC going after Binance and Coinbase and this going to security this don't give up. But my message here is that the coordinated attack against crypto, you know, Operation Choke Point 2 .0 is alive and well. And in fact, I think Coinbase and Binance was just the beginning. Just today, the head of cryptocurrency assets and cyber unit of the SEC, David Hirsch, issued a serious warning that, you know, Binance and Coinbase, that was just the beginning. In the near future, they are going to be coming after not only similar platforms, similar exchanges, but also DeFi. I mean, you know, basically, if they can't control it, they they want to destroy it. It's the American way. Crypto is straight up a threat to the legacy system and everybody knows it. And this is why they're coming after the next thing so hard. You know, they've been taking losses in court. You know, SEC didn't fare well against Ripple. They just got denied an emotion in the Binance case today. But it doesn't matter to them. It's just fuel to the fire to go after the next person with more intensity. It's like as long as there's negative headlines about crypto in the news, they are winning maybe in the court of public opinion. Not everyone that knows about crypto is well informed and watches videos like this. You know, there's just people that see it on the news and will never invest because all they've heard is bad things from the news. And this is hurting the cause. This is hurting mass adoption. And this is by design because they are scared to death of the implications of what could happen to the legacy system, the status quo and even the dollar. If crypto wins this war, this is personal to them. Their jobs are seriously on the line here. And this is why exchanges like KuCoin, like BitGet, you know, remove themselves from the American equation because they wanted to stay out of hot water. I mean, can you blame them? I mean, you know, the spiel crypto is a threat to national security. Crypto is rife with fraudsters and hucksters. Answer me this. Everybody answer me this. Who uses the word hucksters? And also answer me this. Does the S is the SEC doing this because they really want to protect investors? Or is the SEC doing this to protect the American dollar? I mean, with the rise of the BRICS nations, the American dollar is becoming less and less relevant on the global scale with every passing day when money goes in the crypto that it goes away from the dollar, away from the fiat system. I mean, right now, we're 33 trillion dollars in debt. And because, you know, we keep hiking up the interest rates, that money just gets more and more expensive to pay back over time. And it's exponentially more expensive because the interest rates are hyped. It is evident, it is evident that our government is terrified of losing the crown of having the world reserve currency. I mean, if America loses the world reserve currency, I don't even know what that looks like. And this is why they are spending millions of taxpayer dollars every day to attack crypto. It goes against the legacy system. It goes against the status quo. But you know, it's not all bad. Like there is, you know, as this story came out, Hester Piris is still in the back telling crypto firms to not give up the fight, to keep fighting back because people like Hester Piris, they see the silver lining. She sees what is possible with crypto and how it can help in more ways than one. Elizabeth Warren, Gary Gensler, David Hurst, they don't want to see that. They are focused on keeping things the way they are. And the only thing that matters to them is power. And let's not forget that. I mean, why do you think crypto is such a hot topic right now? It's a hot button issue, especially at the polls with the upcoming election. They are on purpose politicizing crypto. You know why they're politicizing it? Because politics are polarizing. Politics turn family members against family members. Politics make friends stop being friends. They want to fuel that fire and make people think, oh, if you're one of those crypto people, I can't talk to you. Cancel culture. Like they're going to mix that in. I mean, they've mixed financial disparity in with crypto. They've mixed race in with crypto. They are trying to, you know, equate crypto to other hot topic, hot button issues to polarize people against each other. This is what they do. And this is why the SEC is going to keep coming after similar firms like Coinbase, like Binance and every firm under them. DeFi, they're going to do this. So negative crypto story stay in the headlines. It's that simple. And New York is leading the way. Like the green list for New York was pretty bad, but at least there were some coins on there. Now, just after the news that just came out, there's Bitcoin, Ethereum, and a bunch of stable coins. That's all you can get into if you are in New York. They just recently dropped over two dozen coins, including Litecoin, Dogecoin, and guess who? Ripple. Even though Ripple was deemed not a security in court on the secondary market, New York still dropped it. You know, it's kind of like they're on the same team as Gary. It's kind of like they're on the same agenda that wants to keep negative crypto stories in the news. It's like they're a part of Operation Chokepoint 2 .0 because they are. New York is leading the way with the regulation. New York has always led the way with financial regulations like they have in the past for the past however many years. It's been like this forever. And the thing is, is like, let's think about this. Let's really think about this. Do you think New York is doing this to protect investors or do you think New York is doing this to protect Wall Street? I mean, we all know the answer. It's pretty cut and dry to me. And at the end of the day, you know what this tells me? You know what this tells me? This tells me how powerful crypto really is. If crypto wasn't a threat to them, they would not be spending the taxpayer money that they're spending to go this hard in the paint against crypto assets. It is that cut and dry. We are on the precipice of cutting edge technology that could change the financial future for our kids and our grandkids and everything after that. And we are literally standing at the turning point. And we are, you know, this is a very, we're going to look back at 20 years and think like, wow, we didn't even realize what time we were living in. This is the turning point between which direction America is going to go. We've seen examples like how Singapore and how other countries like that are positively like Dubai, positively, you know, growing crypto. But you know, they're incentivized to do it. They want to grow the economy. It's like America wants to keep the world reserve currency, but they're cutting their own foot off by not adopting crypto out of fear of losing the world reserve. I mean, obviously you can see that I could heat it up about this. I'm very passionate about this, but listen, I don't want to talk in circles, but I want to know down below in the comments, if the SEC gets their way, what does that look like? What does crypto in America look like? If the SEC gets their way, I want to read what you think down below in the comments below, and have yourself a great day. Get season tickets at brewers .com slash post season.
Mike Gallagher Podcast
A highlight from Abortion Remarks From Gavin Newsom & Trump Creating Tons Of Controversy
"This is your source for breaking news and what to make of it all. This is the Mike Gallagher Show. Did you guys hear the U .S. Senate just eliminated its dress code because you got this guy from Pennsylvania who's got a lot of problems, I mean let's just be honest. This push from the UAW for a four day work week, do you see that as the future of labor in the U .S.? I happen to believe that as a nation we should begin a serious discussion about substantially lowering the work week. Now from the ReliefFactor .com studios, here's Mike Gallagher. We have a lot to keep up with a missing F -35 fighter jet that was found finally in North Charleston, South Carolina. You got all kinds of controversies involving President Trump in some of his interviews. You have the slaughter of a police, a deputy sheriff in Los Angeles, they caught the guy. A lot of breaking news, a lot of stories about the illegal immigration crisis in America. Lost in a lot of the headlines was the Speaker of the House, Kevin McCarthy, taking a bit of a pot shot at Ron DeSantis. It came during an interview over the weekend that he gave to Maria Bartiromo on Fox Business. I want you to hear this clip because I didn't catch this until last night. I was intrigued by this because all of us have to be very careful as this presidential election process plays out. As I've said over and over again, if you're a never -Trumper, what are you going to do if Trump's the nominee? If you're only in for Ron DeSantis and you hate Trump and Trump is going to be the nominee for the presidential race, what are you going to do? You're going to support Joe Biden? You're going to back a Democrat? How's that going to play out for you? I think the same standard has to apply to members of Congress, certainly members of Republican Party leadership like Kevin McCarthy. Now, I think he's pretty effective. I think he's been doing a good job and he's got a mess on his hands with this potential looming government shutdown. It's like herding cats trying to keep the various members of the caucus happy. Listen to what he said to Maria Bartiromo, though, about DeSantis and Trump. What's your take on this, that as we see more indictments of Donald Trump, he seems to be gaining in terms of popularity with the public? Will he be the nominee? I think he will be the nominee. The thing is, President Trump is stronger today than he was in 2016 or 2020. And there's a reason why they saw the policies of what he was able to do with America, putting America first, making our economy stronger. We didn't have inflation. We didn't have these battles around the world. We didn't look weak around the world. Well, it looks like Ron DeSantis is now trying to work with your colleagues who are pushing for a shutdown. Yeah, but I don't think that would work anywhere. A shutdown would only give strength to the Democrats. It would give the power to Biden. It wouldn't pay our troops. It wouldn't pay our border agents. More people would be coming across. I actually want to achieve something. And this is where President Trump is so smart that he was successful in this. You know, President Trump is beating Biden right now in the polls. Yeah, we have the poll. Let's show it. He's stronger than he has ever been in this process. And look, I served with Ron DeSantis. He's not at the same level as President Trump by any shape or form. He would not have gotten elected without President Trump's endorsement. And so I believe our best step forward, pass our appropriation bills. So we're stronger. Take the wokeism out, secure our border to make America stronger. Wow. I don't think that was on my I didn't have that on my radar. Does that surprise you that Kevin McCarthy is all in for Donald Trump? So I think to be fair and to be consistent, I have to say I have to apply the same standard to Speaker McCarthy, because if DeSantis becomes the nominee, they're going to have a bit of a bumpy relationship. Now, Ron DeSantis heard about Kevin McCarthy's position and responded as well. This is Ron DeSantis answering a question from a reporter regarding Speaker McCarthy's full -fledged endorsement of Donald Trump. Well, look, I would say I mean, I think that if you look at what's happened with D .C. Republicans, they worked very closely. You know, look, Donald Trump, he supported Kevin McCarthy very strongly for speaker. I don't think he would have won the speaker vote. Donald Trump was instrumental in him earning that speaker's gavel. And they worked hand in glove really throughout his whole presidency. They were on the same team on every major spending bill that came down the pike. And they ended up together adding seven point eight trillion dollars to our national debt. Never in a four year period has that much been added than what they did together. And so he said that we're different. We are different because in Florida we run budget surpluses. We've paid down almost 25 percent of our state's debt just since I've been governor. All the debt, all the way up for all of Florida's history, we've knocked off almost 25 percent of it. So it's a much different approach to where we're doing it right. We have the number one rated economy in the country. We've cut taxes. We've expanded school choice. And we've delivered in a way that has made the state sustainable.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Coin Stories with Natalie Brunell
A highlight from News Block: Bitcoin Outperforms Other Assets, FTX's SBF Jury Questions, Binance vs SEC, Anti-CBDC Bill, Grocery Inflation
"Welcome to the CoinStories news block. I'm Nathalie Brunel and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know in one place in one block. Let's go. Bitcoin started the week with a nice little green candle. But zooming out, Bitcoin is officially the best performing asset class in seven of the last 10 years. That's according to data shared by market strategist Charlie Bilello. Between 2011 and 2023, Bitcoin's annualized return was about 145 percent. Compare that to the Nasdaq 100 index at 17 percent, the S &P 500 at 12 .5 percent and gold at just 2 percent. Sorry, Peter Schiff. And for those lucky enough to buy Bitcoin in 2011 and hold, their cumulative return exceeds 8 million percent. Wish that was me. More institutions are eyeing a spot Bitcoin ETF, the latest being Franklin Templeton, another giant asset manager with 1 .5 trillion dollars in assets under management. Franklin Templeton's application joins BlackRock, Fidelity, ARK Invest and several others. As I've reported here on the news block, a spot Bitcoin ETF would make getting exposure to Bitcoin as easy as buying any other stock or bond in a traditional brokerage account. It would increase access to Bitcoin and make it easier for funds to flow into the space. But of course, that's dependent on approval from the SEC, led by Chairman Gary Gensler. The SEC's main complaint for why it has rejected spot Bitcoin ETF applications is market manipulation and fraud. In a Senate Committee on Banking, Housing and Urban Affairs hearing last week, Gensler answered questions related to the SEC's oversight of the entire crypto industry. Gensler testified, quote, given this industry's wide ranging noncompliance with the securities laws, it's not surprising that we've seen many problems in these markets. Thus, we have brought a number of enforcement actions, some settled and some in litigation, to hold wrongdoers accountable and promote investor protection. Gensler is continuing to hold the court decisions for him in the SEC's lawsuits against Grayscale and Ripple Labs. And when pressed in the hearing about how the SEC will protect investors from crypto fraud, Gensler responded by saying these companies need to be compliant with existing securities laws, adding this. But right now, unfortunately, there's significant noncompliance and it's a field which is rife with fraud, abuse and misconduct. We saw some of that fraud and misconduct with the high profile downfall of FTX. FTX founder Sam Bankman -Fried's case is set to go to trial October 3rd. But this week, a story gaining attention is related to the proposed questions SPF's lawyers want to send to potential jurors. And prosecutors are trying to stop this. The would attribute a crypto firm's failures to the owner of the firm and why, and whether they think it's wrong to donate large sums to political candidates and lobbyists. Another question was about SPF's effective altruism, the idea that he only wanted to amass wealth to give it away and improve the world. And yet another was about whether the juror had experience with people with the medical condition ADHD. Now, the DOJ's prosecutors are worried these questions are aimed at getting jurors that would see SPF in a sympathetic light and have written a letter to the judge to remove these questions entirely. SPF faces more than 100 years in prison if convicted of a number of charges, including fraud, conspiracy and money laundering after he allegedly stole and lost billions of his customers' funds. Meanwhile, Binance, another exchange in hot water with the SEC, also made headlines this night, including the CEO, the head of legal and the chief risk officer. Binance US has also cut a third of its staff. Binance issued a statement blaming, quote, the SEC's aggressive attempts to cripple our industry. Now, the layoffs arrived just as the SEC is accusing Binance of not cooperating with its ongoing investigation. The SEC says Binance US has failed to hand over proper documents that ensure that its customer assets are safe and in sole control of the organization. The recent resignations of Binance US leadership, including CEO Brian Schroeder, only added to the growing concerns. Binance CEO CZ responded saying, quote, there has been some speculation regarding recent management changes at Binance US. Brian Schroeder deserved a break after accomplishing what he set out to do two years ago. Ignore FUD. Keep building. Binance makes up about half of Bitcoin's trading volume, so the government complaints and investigations could delay any spot Bitcoin ETFs from being approved. So I'll be staying on top of this developing story. Now, in other news, in an industry first, Swann Bitcoin announced its plans to launch a Bitcoin only trust company with crypto custodian BitGo. This comes after Swann's former custodian Prime Trust filed for bankruptcy in August, and its current custodian partner, Fortress Trust, was acquired by Ripple Labs. The creation of a Bitcoin only trust company is a positive development given the risks that we've seen arise when custodians hold other cryptocurrencies or do business with companies that handle them. Let's turn now to a bill reintroduced by House Republicans that would outlaw a central bank digital currency or a CBDC. Last week, Republican House Majority Whip Tom Emmer, along with forty nine co -sponsors, reintroduced the CBDC Anti -Surveillance Act. The bill aims to prevent the Federal Reserve from issuing a digital dollar due to the risk it imposes to privacy and individual freedoms. Tom Emmer tweeted, quote, if not designed to emulate cash, a government digital currency would dismantle Americans' right to financial privacy and embolden the administrative state. I won't let that happen. Specifically, the updated bill prevents the Federal Reserve from issuing a, quote, intermediated CBDC, which would be a digital currency issued by the Fed but managed by retail banks. This is a similar system to what's currently being deployed by China with its digital won. Congressman Emmer adds that this bill puts a check on unelected bureaucrats and ensures the U .S. digital currency policy upholds our American values of privacy, individual sovereignty and free market competitiveness. Whereas Republicans are focused on stopping a CBDC, the Fed is only concerned about bringing down inflation. But this past month, inflation was on the rise again. CPI rose to three point seven in July, and that's mainly driven by rising energy and food prices. But don't worry, economist Paul Krugman, the guy who famously said the Internet was a passing fad, notes that if you exclude everything people actually need, like food, energy, shelter and used cars, inflation is actually down. But here in the real world, people continue to struggle with the rising cost of essentials like groceries and gasoline. And instead of taking responsibility for their inflationary policies, some politicians are identifying scapegoats for the rising cost of living. In a speech last week, Canadian Prime Minister Justin Trudeau blamed grocery stores for price rises and said the companies could be hit with new taxes if they do not take steps to control food prices. And let me be very clear. If their plant doesn't provide real relief for the middle class and people working hard to join it, then we will take further action and we are not ruling anything out, including tax measures. Leaders of the Canadian grocery store chains responded by saying they are not profiting from inflation because although prices have risen, so have their costs. Grocery store profit margins remain razor thin. In fact, the CEO of one major Canadian grocery chain, Loblo's, said that on a customer's $25 grocery basket, they earn just $1 in profit. Performing price controls or taxing these companies would only negatively impact the available supply of food even more and risk putting these grocers out of business. But once again, government policies are threatening to worsen the problem they helped create in the first place. This is true in America, too. Grocery store profit margins remain some of the lowest in the economy, averaging about 1 to 3 percent. Some grocery stores are struggling to keep their doors open here, especially in big cities amid massive waves of theft. This has even led to cities like Chicago proposing to open government -run grocery stores. Will this help the inflation picture? Doubtful. Of course, inflation isn't the result of grocery stores profiteering. It's the result of central banks and governments injecting trillions of dollars into the economy since 2020. As politicians continue to blame inflation on everything but their spending and central banks continue to raise interest rates to try to bring it down, inflation continues to erode the savings of every household holding the currencies that these institutions manage and control. Bitcoin fixes this. All right, let's wrap up this news block with the craziest Bitcoin headline of the week. It was reported that Paxos accidentally paid more than $500 ,000, that's more than 19 Bitcoin, in a transaction fee. Bitcoin fees are up in 2023, but not by that much. Now, the good news is the mining pool that won that block is going to refund that payment to Paxos. That's got to be a relief. If you want to learn more about Bitcoin fees, full blocks, and what Bitcoin block scarcity means for your investment, don't miss my latest Coin Stories episode with Bitcoin miner Bob Burnett. That's it for the news block, your weekly Bitcoin and economic news update. I'm Nathalie Brunel. Make sure you're subscribed to Coin Stories so you never miss an episode. This show is for educational purposes and should not be construed as investment advice. Until next time, keep stacking.
The Bitboy Crypto Podcast
A highlight from Are Millionaires Buying Bitcoin? (Time Is Running Out)
"Seven out of 22 private families have already deployed some of their money into Bitcoin or crypto that is seven out of 22 Call it a third tiny tiny bits two and a half million dollar allocation 397 ,000 families requires 37 million What's up everybody welcome to another Saturday edition of the alpha series with myself Kelly Kellum director the bit lab Academy I'm so excited to have an incredible guest on today. Another one. Mr Gary Cardone and we're gonna be diving into that here in a few moments And if you want to watch the full length of this interview The link is in the description down below and you also see a link at the end of this video Stick around because we have a lot that we're gonna be digging into about Bitcoin and aetherium and this digital asset ecosystem So without any further ado, it's mr. Gary Cardone. How are you doing my friend? I'm so happy to have you here Doing good, man doing good. It feels like it's the end of a week and it's only what thirsty So I've been to three states already and I think eight podcasts or some crazy number so it just keeps getting more interesting and I Think it's becoming very clear what the real opportunity is. So I'm doing good Well before we really dive into this I have to just express my gratitude for you being here I've had the opportunity to be on a number of different podcasts and spaces with you and You even kind of pulled me aside at one point we got on about our zoom call and just talking life and markets and so many people get so focused on the dollar and the you know, What is the thing that makes money and you did something that I absolutely commend in business in life? Which is who's the person who's the person underneath this? How can we how can I help you? How can you help me and I just want to say I thank you for that and I appreciate you and As we're diving into this before we even get into it What if somebody were to walk up to you on the street and pose the question or even the resistance about Bitcoin an? Opportunity that is or isn't there underlying What would be your brief sort of you know few minute? This is why whether your retail or institution? Why is Bitcoin? Despite the price action that's been going on. It might feel frustrating zoomed in on a one -hour chart Why is this something that is an absolute? Necessity for people's attention to at least pay attention to if not yet get involved in how many green lights do we need? Okay Now this is the math two and a half million dollars I have far more than two and a half million dollars and I am NOT a super hotnet war player Okay, which like I'm probably at the very bottom of the food chain Seven out of 22 private families have already deployed some of their money into Bitcoin or crypto that is seven out of 22 Call it a third tiny tiny bits two and a half million dollar allocation 397 ,000 families requires 37 million Bitcoin 37 million Bitcoin will allow a extremely wealthy guy like me to buy 92 Bitcoin. That's it So you guys consider and do the math all you want but like no everybody's thinking about the under bank We should think about the over bank. The over bank will drive this market I've been saying this forever The under bank are going to come along when this when the value of a Satoshi is somewhere between a penny and half a penny Then we'll see Satoshi's working But that means bitcoins price actually has to move so Satoshi's become something that can be exchanged In the meantime, you're gonna have a lot of tokens make up the little payment rails, right? Whether they're fake tokens or CD DC tokens or whatever tokens they are. They're gonna fill that gap until we're there So that that's my best explanation and by the way, that's before 62 millionaires across planet Earth deploy $2 ,500 So just Just $2 ,500 each for these millionaires Okay for the multi wealth the super well it's You can do it over ten years $25 ,000 a pop or you can do it all at one time. Okay, they need 5 .7 million Shit, the millionaires can't even buy $2 ,500 worth of crypto do without moving this market substantially Okay, there's not five million Bitcoin floating around So that is my thesis. Okay. I don't know any rich people that have ever found a product that They can beat their neighbor to bind like guys like us love doing that. Well, I can buy something you can't have that is awesome So I think we forget I can I think actually most high net worth players Have are already at max consumption That they look literally no more planes. They don't need anything else. I don't need anything else now. It's all just investment It's all the future so You can do that math any way you want. You can take those three hundred ninety seven thousand dollars and factor that down to 10 % I am wrong by 90 % It's still four million Bitcoin Okay, any way you work this number you can also back into it and say well The high net worth players are actually moving into an eight hundred trillion dollar market, you know I have assumed that no one even changes their allocation to eight hundred trillion.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1403: This Will Send Bitcoin to $1,000,000 - Max Keiser
"In today's show, I'll be breaking down the latest technical analysis, as well as breaking news just in. The former SEC and Federal Reserve Bank of New York, Norman Reed, announced as the new CEO of Binance US? Like, what? Serious? We'll also be discussing the latest from Max Kaiser, who recently shared, we helped boost El Salvador's bonds 90 % this year. We can help Javier Malay escape the IMF, central banking terrorist, and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. Let's go. He also says that President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy and universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukelenomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. Can't freaking wait. Also breaking news, Mark Cuban loses $870 ,000 worth of Ethereum in his MetaMask hot wallet with a hack. Rough. Also in today's show, Gemini legal team accuses DCG, the digital currency group of gaslighting Genesis creditors. We'll also be discussing BitGo and Swan unveil plans for a Bitcoin -only trust company. That's right, the trust company will target institutional investors in the United States as asset managers line up for the Bitcoin spot ETF. Send it. We'll also be discussing Bitcoin price all -time high will precede the 2024 halving according to this latest prediction by Bitcoin. Quitting him here, no, Bitcoin is not going to top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per Bitcoin. I'll also be sharing the latest predictions from Max Keiser with the Bitcoin price action I recently transcribed his most recent interviews. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1403. I'm your host JV, and it is stat stacking Saturday. So let's get it. It's September 16th. So you already know we're halfway through the September before October. So let's bring it. Let's start with our market watch. As you can see here on the screen, we're back in the green. Bitcoin up a half a percent for the day trading back above 26 ,500. We also have Ether trading above 1600. And checking out coinmarketcap .com, we're sitting just above that trillion dollar milestone with roughly 22 billion in volume in the past 24 hours. Bitcoin dominance is 48 .9%, and the Ether dominance is 18 .6%. And checking out the top 100 crypto gainers of the past 24 hours, TonCoin leading the pack up 17 .5 % trading at $2 .42, followed by ThorChain up 9 .5%, trading at $1 .91, followed by Flow up 8 .5%, trading just above 46 cents. And checking out the top 100 crypto gainers for the past week, we have a sea of green, which is a beautiful omen for the altcoin market. We have coins such as TonFlow, Rune, and Ave all pretty up between anywhere from 8 to 13%. And yeah, so there you have it. How many of you are currently bullish on the king crypto, and how many of you are anticipating a further dip? Let me know your insights. And at the end of the show, I'll be reading everyone's comments out loud as we do each and every day in the Q &A session. Now, let's dive into some technical analysis from Glassnode, one of my favorite analytics platform. The past few days have been relatively positive for the price action for the king crypto, which has been increasing since Tuesday, September 12th. At the time, Bitcoin is sitting just above 25 ,600. Now in this prediction, the co -founder of the popular crypto analytics resource, Glassnode, outlined that the US CPI jumped by 0 .6%, which led to some fluctuations of the Bitcoin price. And indeed, the core CPI, which excludes more volatile sectors such as food and energy by design, has noted a yearly increase of 4 .3%. But interestingly, the CPI itself clocked in at 3 .7%, while the estimations were for it to be 3 .6%. So initially, the news didn't really have any impact on the price, which beyond the expected initial turbulence, settled at where it was trading just before that. So here's some price predictions coming from the Glassnode co -founder. He pointed out that crypto reclaimed the support above 26 ,000 and is now eyeing a potential break beyond 27 ,000. This would help it escape a multi -week range. He went on to share, risk signals nose dive into the 60s around ,400 27 and 28 ,200. But this climb seems poised as a step before tackling the psychological barrier at $30 ,000. So there you have it. Let me know if you agree or disagree with the analysts. And are you currently more bullish or bearish on the King crypto for the short term? Please do let me know. And breaking news just came in before I went live. And I'm like, it's hard for me to even accept this, but this is what it says. Former SEC and Federal Reserve Bank of New York, Norman Reed, is announced as the new CEO of Binance US. You can't make this stuff up. Folks, what is the SEC doing? Now, Max Kaiser recently tweeted, I'm sure you know, there was a Tucker Carlson interview with the pro Bitcoin presidential candidate of Argentina, who's currently winning the polls for the presidency. And fantastic, almost 400 million views within the first day. Max went on to share, we help boost El Salvador's bonds 90 % this year. Facts. We can help Javier Malay in Argentina escape the IMF central banking terrorists and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. So the million dollar question, do you think Max Kaiser will orange pill Javier Malay? I sure hope so. He even recently tweeted here, President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy in universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukele -nomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. And quoting El Salvador's fearless leader, Bukele, old ideas and institutions crumbled and a new generation is called on to remake the world based on the human right of financial freedom. Preach. Now, Max also shared in regards to this headline, Janet Yellen says Ukraine aid is the best boost for the global economy. Now this is hilarious and also sincere at the same time. Bitcoin monetizes war and violence by being finite and uncomfortable as this ugly, what? Illustrates money monetizes war by violence by turning humans into disposable garbage central bank Ponzi scheme. Preach Max Kaiser. Greatly appreciate all the work you're doing. You're truly doing God's work. You and Stacy's a massive shout out. Now let's discuss the latest with the hack from Mark Cuban. Now this is alarming, but at the same time, it's Meta Mass. I've been telling you guys to stay away from the Meta Mass wallet for quite some time. And also they didn't hack Bitcoin. They hacked Ethereum. I personally don't trust Ethereum or Meta Mass. So interestingly enough, so to read this story, let's break this down. Check this out. Nearly $900 ,000 worth of Ethereum was reportedly drained from one of the hot wallets belonging to investor in Dallas. Mavs owner, Mark Cuban, the man that once said Bitcoin has no intrinsic value and that bananas are more valuable. Yeah, right now, independent blockchain sleuth was the first to spot the hack September 15th at around 8 PM. So that was last night after they highlighted suspicious behavior. What one of Cuban's wallets that the 65 year old had an interacted with for roughly five months as he shared here on X LMAO did Mark Cuban's wallet just get drain wallet inactive for 160 days and all of the assets just moved. And according to the transaction history on Etherscan, several batches of assets such as USD coin, USDC tether, and Lido staked Ether were suddenly withdrawn from the wallet within a 10 minute window. Now adding complexity to the matter, another 2 million worth of USDC was also withdrawn and sent to a different wallet, leading Woz to suspect that Cuban may just be moving some assets around. However, a few hours later, Cuban confirm to DL news that he had gone on metamask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for the moment to pounce. Cuban added that he had transferred any remaining assets to Coinbase custody, essentially confirming that the $2 million worth of USDC transaction was indeed him. But in terms of the hack, members of the community were quick to point out that the opposed to the hackers watching Cubans activity, he must have done something that led to the security breach. Some suggested that Cuban may have mistakenly signed a malicious transaction while others asserted his private keys were compromised given that the funds were directly transferred out of his wallets. What do you guys personally think chat? Please let me know in the comments below. This is not the first time Cuban has been taken a hit on the crypto market. Back in June of 2021, Cuban Lawson unspecified amount of capital on what he called a rug pull after the algo stable project called iron finance imploded amid a supposed bank run. So there you have it. Mark Cuban has a bad track record in crypto. Just pointing out the obvious fam, how many of you guys think that it was a legitimate hack? Let me know your thoughts or how many of you think he maybe have just moved it around and don't want to claim it. Who knows? I mean, there's infinite possibilities. No one really knows, but I'll be keeping you posted with the latest developments. We all know Mark Cuban is a multi -billionaire. So obviously a $900 ,000 loss is not going to affect him. He's not going to lose any sleep over it. But what if you were to get hacked worth of $900 ,000 of crypto? So again, red alert, be very careful with wallets such as MetaMask. Just saying. Now for the latest between the digital currency group in Gemini with the ongoing saga as it continues, lawyers representing Gemini Trust have pushed back against the plan proposed by DCG for the creditors of Genesis Global in the filing yesterday, September 15th in the US Bankruptcy Court for the Southern District in New York. New York, where you at? The legal team accused DCG of gaslighting Genesis creditors through contrived, misleading and inaccurate assertions and a recovery plan. Now the plan filed in Bankruptcy Court September 13th, three days ago, claimed unsecured creditors could have a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies, while Gemini earned users would expect an approximately 95 to 110 % recovery for their claims. This seemed like a red flag when I initially read the story. I'm like, how are they going to get back 110 %? Does that make any sense? So now I'm starting to understand maybe they were gaslighting. What are your thoughts, chat? According to the legal team, DCG was attempting to bait the Gemini lenders into accepting the deal that would allow the company to pay less than it allegedly owed. Lawyers called on the firm to significantly improve the terms of the loans provided to Genesis and not use Genesis' bankruptcy proceedings to cover for justifications of the recovery plan, quoting them here, to distract the Genesis creditors from the inconvenient facts of its facially inadequate and inequitable proposal, DCG touts proposed recovery rates that are total mirage, misleading at best and deceptive at worst, said the filing yesterday, September 15th. Make no mistake, Gemini lenders will not actually receive anything close to the real value in terms of proposed recovery rates under the current agreement. In principle, so a bunch of more shenanigans, to say the least. The legal battle involved entanglements with crypto exchange Gemini and DCG over the Gemini Earn program. How many of you have lost crypto from Gemini Earn? I'm curious. Please let me know in the chat, fam. Financed in part by Genesis, Genesis halted withdrawals as we know November of 2022 in the wake of the FTX collapse, citing unprecedented market turmoil at the time and filed for bankruptcy later on in January of this year. According to the court filings by Gemini, Genesis owed more than $3 .5 billion to its top 50 creditors at the time of their Chapter 11 bankruptcy filing. The crypto exchange filed the claim in May, aimed at recovering more than $1 .1 billion worth of assets for roughly $232 ,000 Earn users and filed a lawsuit against DCG and their CEO, Barry Silber, in June alleging fraud. Barry was not the only architect and mastermind of the DCG and Genesis fraud against the creditors. He was directly and personally involved in perpetuating it, said Gemini co -founders Cameron and Tyler Winklevoss back in June. The US SEC filed a civil suit against Gemini and Genesis in January for allegedly selling unregistered securities through the Earn program. The two firms filed a motion to dismiss the case in May, but it is still ongoing at this current time. How do you think this is likely to play out? I just hope that the investors get their money back as they deserve because we all know with lawsuits, the biggest losers are always the investors. The biggest winners are the lawyers and the courts. That's just facts. So we'll see how this plays out as well. And again, they're attacking and going after all of the yield programs for crypto with Gemini Earn being a pretty large one. Why? It undermines the banks, right? If you can earn a five or 10 % yield putting your cryptocurrency on their platform, it basically tells you that why would you even waste your time with fiat currency in your bank when you're losing more than the actual appreciation of interest because the interest is virtually nothing while you're losing 20 % in inflation on an annual basis. It just makes no sense. So it seems if I had to guess, that's why they're attacking all of these yield programs. But what are your thoughts, chat? Please do let me know. I'm going to read those comments out in a little bit. Now let's discuss the latest with Bitcoin Trust. That's right, BitGo and Swan unveiled plans for their Bitcoin -only trust company. This is breaking news as well. The US may soon have a Bitcoin -only trust company according to plans disclosed by BitGo and Swan yesterday, September 15th. The joint venture is pending regulatory approval, the company said in the statement. Now I love the word joint venture because hey, JV, just saying. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of its beneficiaries. And according to Corey Clipston, CEO of Swan, the solutions intends to offer Bitcoin custody without the risk of having other altcoins under the same roof. As you know, Swan is Bitcoin -only and they're pretty much anti everything, not Bitcoin. Quoting him here, for years, we have heard from major clients, partners and other Bitcoin companies that they would prefer a Bitcoin -only software and services stack that is focused strictly on the best custody and leverages of Bitcoin's unique features. The companies are in contact with state regulators about the plans, but have yet to file regulatory approval. Clipston told Cointelegraph we're evaluating acquisition options first, he disclosed as he announced here through the Swan Bitcoin team on X. As part of our long -term vision to advance Bitcoin adoption, we're announcing a major step forward for Swan and the entire Bitcoin ecosystem. BitGo and Swan announced plans for USA's first Bitcoin -only trust company. Let's go USA. BitGo offers digital asset security and custody, supporting over 700 cryptos as per its website. And in contrast, Swan's business is fully dedicated to the king crypto, allowing users to only invest in Bitcoin via a one -time and reoccurring purchases, with custody of records held at Fortress Bank and Bakkt, while BitGo acts as a cold storage for Custodian. Now, didn't Fortress Trust just go bankrupt or get acquired by another company? Was it Ripple? You guys let me know in the chat. I know there was something major with Fortress Trust. Now, the new venture will target institutional investors such as asset managers, pension plans, and family offices, along with governments and company treasuries. It will offer cold storage, fraud prevention, anti -money laundering, and know -your -customer protocols, amongst other Bitcoin -related services. Institutional investors in the crypto space are at a fast -growing market in the US, especially as the world's largest asset managers seek regulatory approval, which includes BlackRock, the largest. For a spot Bitcoin ETF, we also have several large Wall Street players offering crypto custody solutions to institutional investors, which include the Bank of New York, Mellon, as well as Deutsche Bank, quoting them here. We believe there is a high likelihood that several ETFs are approved in 2024, and thus a new round of entrants to the Bitcoin market seeking mature, reputable, technology -proficient partners for a range of needs, explained the Swan CEO. The SEC delayed decisions on the spot Bitcoin ETF product. Analysts predict the regulatory regulator may postpone a decision until early 2024 as the deadline fast approaches, quoting them again. Our teams have worked closely together for nearly a year on stronger, qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin -only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption, noted the CEO of BitGo. So there you have it. I am curious, by a show of hands chat, how many of you have purchased or acquired Bitcoin using Swan Bitcoin, and how many of you are familiar or ever used BitGo? Let me know in the chat. Now let's break down our next breaking story of the day, and that's the Bitcoin halving, which should be on everybody's mind, because it's only six months out, estimated to take place sometime in April of 2024. Now guess what? What if we hit a new all -time high pre -halving, because that's what this prediction suggests. Let's break this baby down, shall we? Bitcoin has a $250 ,000 target for after its next block subsidy halving, but a new all -time high will come sooner. Let me know if you guys agree. That is the latest Bitcoin prediction from BitQuant, the popular social media commentator who sees a rosy future for Bitcoin. In his latest post on X on September 15th, synonymous central banker and Bitcoiner revealed a pre -halving target of 69 ,000. That's what makes this individual interesting. He is a central banker and a Bitcoiner. I didn't even know that was a possible combination, fam, just saying, but he wrote, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. Now Bitcoin has just over six months before the halving, the event that cuts the miner rewards, as we know, per block by 50 % every four years. Analysts argue that the resulting emission restrictions have a cathartic impact on the Bitcoin price performance, acting as something of a springboard in advance of Bitcoin seeing new all -time highs. But for BitQuant, the analysts, that alone is not bullish enough. Not only will Bitcoin beat its current record set in 2021, which we all know the current all -time high is 69 ,000, before next April, it'll go on to hit $250 ,000 per Bitcoin after the next halving cycle begins. That's what he says here. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024, and yes, the target price is around 250 ,000, which is outlined right here in the chart. Let me know if you agree or disagree with this crypto analyst, BitQuant. Now, market participants are highly divided when it comes to how the Bitcoin price action will play out into the halving and beyond. Some agree that the higher levels are possible by April, but plenty of conservative voices obviously remain, especially bears, right? Last month, Bitcoin investor and author Jesse Myers dispelled any idea that Bitcoin will be trading at six figures between now and then, and in a subsequent interview, meanwhile, Philby Philby, the co -founder of Trading Suite, decent trader, gave a pre -halving Bitcoin price ceiling of 46 ,000, quoting him here, assuming no Black Swan event, around 35 ,000 by the end of the year, and possibly as high as 46 ,000, sometime pre -halving in quarter one of 2024. So there, you freaking have it. And as he shares here, I'm going to read you his particular post on X coming from Bitcoin. Again, this is the central banker slash Bitcoiner. He says, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per coin. So there you have it, fam. Again, let me know if you agree or disagree with the analysts and where do you feel the Bitcoin halving, which is around the corner, is likely to take us. As you know, the two most bullish catalysts in the market, Bitcoin halving as well as spot Bitcoin ETF. I hope they both get approved and take place. We already know for certain the halving will take place, but there's a 95 % chance of the spot ETF approval in the United States, according to top ETF analyst, Eric Balchunes of Bloomberg. Now for the moment you have all been waiting for, the latest from Max Kaiser. I recently transcribed, actually today, his most recent interview in Bitcoin price predictions, very powerful words to share. So let's break this down. So first and foremost, he says, the world is a very different place and everyone will say nobody saw it coming, but it is clearly been brewing now for many years. And it's like every single day you can just see the catastrophe inching toward the abyss. You know, it's we're at the zero line preach. He also says it is a global fiat money game and you see different countries where fiat money regimes are collapsing in real time, right? Facts. Argentina, you know, the countries like this or like Lebanon recently had a complete collapse or a central bank collapse. That's right. And inflation is definitely an indication that your fiat money regime is in dire straits and inflation is breaking out in a big way. It is not going to return to where it was before this latest inflation break inflation and the collapse of fiat money is here. Now people are feeling it right now. And the quality of life all over the world is being impacted by it and it's being impacted in the United States. You know, people can't buy a home. People can't afford food. The economy is starting to ramp back up again. So it's playing out right now. And there is nothing that can be done to stop this inflation because the economy is completely out of control. So even the interest on the debt in the United States is now over one trillion dollars. So I think it is the biggest line item on the budget, bigger than the military. What we were told for decades was, oh, you know, it's trickle down economics or what you have, what not. I mean, and he goes on to share with Bitcoin. It's kind of the end of price discovery because everything will be priced in Bitcoin preach. eventually Everything goes to zero against Bitcoin. And so for someone like myself, who has been following this for 40 years, finance markets, technology, Bitcoin is the holy grail. It is the end all. I would say my compatriot in all of this is the one and only Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way that I think carries the torch from the Max and Stacey from 2011. He started buying it, I guess, when it was 10 or 12000 a coin or so in 2020 era. So we were from 2011 to 2020. I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital. I am surprised that more companies haven't followed his lead, giving up the break in inflation we have had exactly as Michael Saylor predicted, the melting ice cube, as he called it at that time, is exactly what happened. Well, I guess we can say now we're in a new era where BlackRock and those other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is now bearing fruit. Three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. I think all of that oil money will find its way into Bitcoin and be a huge catalyst for the prices. It is a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it is something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. And a lot of people are freaking out because of it, because it destroys the status quo. And a lot of people who have been waiting for it to come along have had the faith that humanity can be saved. They see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And you cannot, how could you not be interested in it? I think the people who were into it earlier and just walked away just never got it from the beginning. Once it's characterized as an asset class, we have nothing to do except position ourselves in this asset class. Either we are going to be a small position or a big position, but we cannot ignore it. We cannot not have a position. Now check this out. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referencing the 700 trillion dollar plus total addressable market. And he continues, so if we get into the 5 to 10 % range, then you start to really see it raise ahead to the seven figure type predictions that people have been making, including myself, because Bitcoin is an asset class preach. And on the flip side, we have what we saw in the gold market, which is the ability to control the price discovery and manipulate the prices. It's real through the derivatives markets. So the price of gold has been lagging inflation for 20 years because the governments around the world don't like gold making their fiat money look bad. That's right. So they make it easy for the huge funds to manipulate the price of gold and to scalp it, to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. That's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around world that are used to keep the price of silver down because governments don't want gold to race ahead and draw capital out of their fiat money scam into gold. He's preaching. Now with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically people can take delivery of gold on these exchanges, but there has never been an organized attempt to do so. We tried to do it a few years ago with crash JP Morgan, buy gold and silver because after the 2008 financial crisis, when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this huge multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear that if this short position was not covered, the price of silver could go to 60 to $70 an ounce, and it would bankrupt JP Morgan Chase. Take that Jamie Dimon. So we started this crash JP Morgan buy silver campaign, and we got the price of silver from $15 up to $50. So we got it up to $50 level. And then the Fed of course came in, they changed the laws overnight to make it possible for these banks to have and carry a much greater short position and silver. So they printed up a lot of paper, silver derivatives, and they stopped the run on their bank. And the price of silver went back down to $15 or so. So we've seen that it is possible to force capitulation in that silver market. But at the end of the day, because the ability to pull private keys is not like it is Bitcoin, I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. Now, I mean, he is speaking facts right here. Warren Buffett and his own words has said, derivatives are financial weapons of mass destruction. The central bankers are using it to manipulate the markets. That's what they're doing with silver. That's what they're doing with gold and precious metals. And Max makes a great point. They don't want the gold and silver prices to rise up. It undermines the US dollar. They're trying to keep a strong dollar, right? So that's why gold has been pretty stable at like $2 ,000 and unable to really climb much above it. I think it's been pretty stagnant virtually for the past decade. So with the dollar inflating from them continuing to print trillions of dollars, the fact that gold isn't just continuously going up, it proves that the market is manipulated. You also got to consider as well, there is no scarce asset like Bitcoin. Bitcoin has a finite limited supply of 21 million coins. Yeah, gold may be rare or scarce, but they dump a new supply every year into the market. They can control it. They could invest more into discovering more gold. As Jack Mallers pointed out, Elon could maybe discover more gold on Mars. Who knows? Bitcoin, you can't say the same thing. Bitcoin is perfect money. It's incorruptible. It's unconfiscatable and the list goes on and on. So if you had the choice to put your wealth somewhere, what asset class would you choose to put it in? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Charlie Kirk Show
A highlight from Re-Evangelizing Britain with Calvin Robinson and Sen. Mike Lee
"We get it. You're busy. You don't have time to waste on the mainstream media. That's why Salem News Channel is here. We have hosts worth watching, actually discussing the topics that matter. Andrew Wilkow, Dinesh D 'Souza, Brandon Tatum, and more. Open debate and free speech you won't find anywhere else. We're not like the other guys. We're Salem News Channel. Watch any time on any screen for free 24 -7 at snc .tv and on local now channel 525. Hey everybody, it's the end of the Charlie Kirk show. Calvin Robinson joins us and Senator Mike Lee. A really deep and thoughtful episode texted to your friends. We talk about the law firm running Congress. It's great. And we also talk about the United Kingdom and America and the fight to reinvigorate pastors. Go to tpusa .com or tpfaith .com to get involved with TPUSA Faith. Very proud of the work the team is doing. Email us as always freedom at charliekirk .com and get involved with Turning Point USA at tpusa .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust. Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd .com. Joining us now is one of my favorite senators and just a terrific guy. Senator Lee Mike joins us. Senator, thank you for taking the time. Senator, you have a very powerful thread on Twitter that I want to speak with you about. You have this idea of the law firm Schumer McConnell McCarthy and Jeffries, the firm as you call it, that does deals in the the middle of the night and back room deals. Walk us through all this, Senator. I think it's fascinating and very important. Senator Mike Lee. Yeah, thanks for inviting me to talk about it. This is a thread that I posted on the Twitter presence that I use for my own personal musings is my at -based Mike Lee account and on that I explained how this four -person cabal within Congress, what I call up the law firm of Schumer McConnell McCarthy and Jeffries, comes together and whichever four fit in those positions, the top Republican and Democrat from the House and in the Senate, over the last decade or so they've gotten more and more powerful and they've taken it upon themselves very often to be intimately involved in the drafting of spending bills. In many cases consolidating all spending bills, there's supposed to be 12 separate bills each running a different part of government, these guys will put one together. We call that an omnibus and very often the omnibus or whatever bill they're putting together will be held back into the last possible moment until a couple of days and sometimes only hours before government funding is about to run out. Then they bring it forward to their respective caucuses, House, Senate, Republican, Democrat and say here you go, here's the bill, it's ready to go. We unfortunately don't have much time to read it, we unfortunately don't have really any time to debate it, we have almost no time left to amend it, so you basically have to take it as is and vote yes or you can vote no, but if you vote no you'll be blamed for a shutdown and we'll make sure of it. So most members vote for it. It usually has the nasty effect of unifying Democrats, nearly all Democrats jump on board because it almost always spends more money than it did last year and it peels off just enough Republicans to get it to pass and so this is how we end up 33 trillion dollars in debt. This is how it happens because of the action of the law firm and the unflinching response of far too many Republicans to say yeah I'll jump on board with that even though we're unifying Democrats, pursuing Democratic priorities for the most part and we're sharply dividing Republicans. So let's tie this into the 930 fight and you're right, what they do is they kind of hold these votes hostage that have some necessary components, funding the military, things of that nature, and then they just always you know they always will say well you know it's the lesser of two evils, we want to keep the government open. So tie this into the 930 funding fight and specifically the timing and the sequence of this omnibus as you write quote was carefully orchestrated by the firm but ensures that it will pass without any substantive changes once it becomes public and the very few elected federal lawmakers will have meaningful input in this highly secretive process. This is so dysfunctional, Senator. Walk us through how this is going to unfold in the next couple of weeks.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 09-15-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. All right, we told you about Mike Pence, he's gonna join us 5 p .m. Washington time on Balance of Power, and we're gonna bring it to you here on Bloomberg Radio. We'll meet you back then. Kaley, have a great weekend. You too, Jeff. Bloomberg Business Week starts right now. Live from the Bloomberg Interactive Brokers Studio, streaming on YouTube and Bloomberg Originals. It is Friday, September 15th, 2023. I'm Jess Mitten, along with my co -host, Bloomberg TV correspondent, Simone Foxman, who we're both in for Carol Masser and Tim Stenovick, who do have the day off. Happy Friday, Simone. Happy Friday, Jess. Yeah, we're holding down the fort. We are. What an honor, right? Who's who in this situation? It's always a pleasure, though, filling in for both of them. But as you know, Simone, looking over at the U .S. stock market, though, unfortunately, jeopardizing those weekly gains because of today's losses really driven a lot. Not surprisingly, when you have a four trillion dollar triple witching event, especially in the options market, really amping up some of this volatility as we get into the weekend. But you know what? There was some brighter news. U .S. inflation expectations fell to the lowest in more than two years when you're looking at that latest University of Michigan survey. And consumers are growing more optimistic about that.
The Bitboy Crypto Podcast
"trillions dollars" Discussed on The Bitboy Crypto Podcast
"There are strong arguments on both sides of this coin. I just spoke with BitBoy about this topic about an hour ago, and he says that if Ethereum is ever going to flip Bitcoin, it's going to happen this coming bull run. His explanation was is if you go back and look at the bull run in 2017, once Bitcoin peaked and hit its all time high, it started falling dramatically. And this is when the altcoin started to pick up because people were taking their profits from the top of the Bitcoin market and converting them into altcoins. This kind of creates like a wave. And as Bitcoin dominance is falling down, Ethereum dominance is catching up. And that explains Ben's idea. If we see a similar situation to what we saw in 2017, Bitcoin dominance will be falling and Ethereum dominance will be catching up. And that's the moment the flippening will happen. And the fact that these things happen in waves is what will make it possible. So keep that in mind as we move forward here. But remember, the all time market cap for all of crypto at the previous all time high was a little over $3 trillion. So by the top of the next bull run, I'm hoping we can get somewhere between $7 and $10 trillion. So say the overall market cap does get to $7 trillion, and Ethereum can regain that 22 .4 % dominance level. If that happened, Ethereum's market cap would be $1 .56 trillion, and each ETH would cost about $13 ,300. And if the total market cap went to $10 trillion, and Ethereum regained that same level of dominance, that would take Ethereum's market cap to $2 .24 trillion, and one Ethereum would cost you $19 ,100. And listen, I get it, I know that the dominance chart fluctuates every day. I'm just trying to think outside the box on what's possible considering so many people have strong feelings about if Ethereum can flip Bitcoin or not. And if Ethereum did flip Bitcoin, those dominance numbers would go much higher. So when someone asks me, AJ, what's your price prediction for Ethereum for the top of the next bull run?
The Bitboy Crypto Podcast
"trillions dollars" Discussed on The Bitboy Crypto Podcast
"Not only does this make more sense environmentally speaking, but it looks really good for optics and it silenced a lot of critics. And you know, to be honest, that's really the biggest pushback to Bitcoin and to proof of work. Like don't get me wrong, I'm all for Bitcoin, but it does use more energy in one year than the entire country of Ukraine. And it also uses 50 ,000 times more energy than Ethereum after the merge completed. Since I'm big on tokenomics, to be honest, my favorite part of the merge is what it did for Ethereum's issuance or the new coins coming into the supply. You have to understand, unlike other coins, Ethereum doesn't have a cap on its supply. And that can be really scary for your bags. You know, I mean, if any project doubles the amount of coins in its circulating supply, that really devalues your investment. And that's why the merge really saved the day for Ethereum in terms of its supply. So before the merge, there was about 13 ,000 new Ethereum minted every day. Now it's only 1600. Its issuance has dropped 90 % and it gets even better because of the EIP 1559 upgrade during the London hard fork. They implemented a burning mechanism into Ethereum's gas fees. And since the merge, this has gradually taken coins out of Ethereum circulating supply, making it deflationary more on that later. We all know that Ethereum really has to work on lowering those gas fees and reducing its network congestion. So Ethereum's roadmap is in six phases. Those phases are the merge, the surge, the scourge, the verge, the purge, and the splurge. What do each of these do? Let's take a look at Ethereum's website. The merge, we already did that. We went from proof of work to proof of stake. The surge is upgrades related to scalability by roll -ups and data sharding. So the scourge is updates related to censorship resistance, decentralization, and protocol risks from the MEV. The MEV stands for maximal extractable value. The verge are upgrades related to verifying blocks more easily.
Mint | Where Crypto Meets Creators
"trillions dollars" Discussed on Mint | Where Crypto Meets Creators
"This short is brought to you by lens protocol. The one thing that I keep thinking about is how difficult it's going to be because it's truly an uphill battle for all because web three with the ownership structure and with everything else that we talked about and all of its upside and all of its potential. It's still going to be difficult to break the network effect of big tech. It's still even if you create the most incredible decentralized social platform that unlocks so many benefits for a creator. It's like, how do you get people off of Instagram? How do you not only onboard creators, but also retain them, and it's such a, it's truly a $1 trillion question, right? Because these social medias have market capitalization of one $2 trillion when you put them all combined. So it truly is a $1 trillion question, but it's an uphill battle that's going to be nearly impossible to break, but I'm hopeful. Again, there's a lot of savvy entrepreneurs building here. But yeah, that's what I would say is we love to sort of fantasize about this future that the centralized technologies unlock. But I think the main question we have to start asking ourselves and really start talking about is strategies, the how, the how we're going to break the network effects of big tech. How are we going to do it? What do you think is the optimal the optimal way? Yeah. If you were given the responsibility to figure it out, that's a great question. Again, it's literally a $1 trillion question, right? And so I actually posed that question in that real nausea and he was like, listen, just little by little, what the blockchain does unlock is like, again, really creative ways to financial systems, right? And so here's what it is ultimately. Like social media is a status game, social media is an economic game. How can you make the centralize social platforms or web three social platforms or otherwise, how can you make it more lucrative? In terms of yield in terms of money in terms of status in terms of eyeballs for creators. How do we get there? Man, again, if I had to answer to that question, I'd be in a yacht somewhere and we'll see. What's up, guys? Thank you for listening. If you've gotten this far, then you are a champ, and I owe you a free listener pin. Go to Adam levit IO forward slash NFT, fill in your info and I'll distribute the NFT towards the end of the season. By collecting your pin, you prove your contribution to the season and get exclusive access to content, allow lists, and more. So be sure to collect yours. Also, please make sure to rate and subscribe to the podcast wherever you're listening, this helps me out so much. And finally, hit me up on Twitter at levy chain. I want to hear what you're building. The latest crowd fun you're trying to complete, or if you simply want to chat, I love talking about where crypto meets the creator economy and it's no different if it's coming from you directly. So thanks again for your support. It means the world and I'll see you on the next episode.
The $100 MBA Show
"trillions dollars" Discussed on The $100 MBA Show
"Japanese version of your website. So say, for example, your business is all about camera bags and your site is camera bags and more dot com. I'm suggesting buying the domain camera bags and more JP. Because when people search for your site in Japan, the JP is the default and is preferred on Google. So you want to basically just create the same website that you have, but in Japanese on a new domain. Now I'm talking about your sales site. Now if you have an app that functions on a different server, that's a whole different story. We're just talking about where people learn about your products and services. So that's my first step. And I'll find a really good translation. So it was fluent in English and Japanese, and I'm going to hire them to translate my website webinar ninja. Now I might choose not to translate the whole site of the Japanese version is a little bit of a bridged version, but I'm definitely going to get them to translate the most important pages. And the way to do that is just to go to your Google Analytics or your analytics tool. And find out what are the top pages that people visit on your website in the last year. You're going to see the top pages, the top blog posts. And you might want to just start by translating the top 30 pages. And that's it. Just to get the ball rolling. So that way, when somebody searches for me in Japan, searches for open ranges, services, I'm going to easily be able to be found and they're going to love what they see because I actually created the site for them. I didn't try to do a halfway job. I'm actually in the market now with a real product in Japan. Yes, we're online. But to them, it looks really authentic. Number two, start running ads to this site, this new site, I'm going to start buying some ads and target Japanese visitors. Obviously, Japanese website visitors. People that are based in Japan. And I can hone in on that market and Facebook, Instagram, even TikTok is very, very good at this. Finding out the right demographic knowledge in terms of the location, but
The $100 MBA Show
"trillions dollars" Discussed on The $100 MBA Show
"Hey, welcome to the $100 MBA show helping you grow your business every single day with our daily ten minute business lessons for the real world.
(EA) Eternal Affairs TRUTH Radio
"trillions dollars" Discussed on (EA) Eternal Affairs TRUTH Radio
"A good evening and welcome to politically incorrect with your host andrew scheckter. This week's topic is the twenty five trillion dollar debacle rocking by turtle fares media dot cobblestone as ea truth media grows. Tonight is myself and shekar altar of dark water game over and two-time delegates for donald trump th republican national convention. Please help us. We can't with her nation at donate dadi media dot online by buying some store. Dadi immediate dot online. Help keep the truth online..
This Is Important
"trillions dollars" Discussed on This Is Important
"Funny did he was one of the first buttons favorite. Jim carey movie. Oh are you asking favorite jim. Carrey movie go if you can handle it. This is like my mom's facebook post favourite. Jim carey movie. I know you don't like this. But he's got some of those serious wonders you know. Are we able to have the to able to just kind of a man. You can pick your shit. I'll although i i'll go first and give people time i'll give people time here. Okay i will say. I love ace ventura. I love and dumber but for me As a movie a movie here we go. I know it's common cable. Guy misses the label. Guy oh yeah cable. Watch ability of cable guy. I can watch it a million times. That movie rocked. You know it's gonna be chris farley before yeah evidently really and he died yeah he died like while they were casting a he was cast. I guess and then he died during that and they were like a jim would have been a different movie for sure total. Jim wanted to go dark. I think because he had already been kind of goofy goofy goofy and he was like. Let's make it a little darker. And they were like sure and then did not land with america. People did not really love that movie. But i was like fucking that was not a success. It just tanked. It was a flop. It was compared to what his other moves. Dumb mass dumb and dumber paid him. Twenty plus million dollars to be the lead of so they. The budget was huge in it. I think it ended up making a lot of money but not initially and those hair plugs the first time i registered as a youngster like that people didn't like the jim carrey movie like it failed like the news story for it was like it didn't make enough money and i was like i saw in theater. I really loved it but when you even with that said i do think it has gotten its flowers like. Oh it's gotten flower. Hey it's getting john. Gabriel what's what's gabe press' podcast where he zombies action boys and might be high and mighty sure young but he was like reciting the movie like top to bottom. I was just like yes so high and mighty high and mighty. Yes out to gabor's one of the funniest do ya baby. John just reciting the movie. So it i don't know if it's a comedian's movie or roar if people got around to really appreciating it but super dope and bent stiller directing it right. Yeah he's rad. Windy you do.
WIBC 93.1FM
"trillions dollars" Discussed on WIBC 93.1FM
"S so this CBS poll says that 85% of Americans approved of President Biden's speech last night Hammer, 85% said to people not understand, and the only ones watching CBS News who put on this pole are leftist Democrats. You understand that right? It would be like Tucker Carlson on his show on Fox News, putting up a pole who is the best cable news opinion hosts and it's Tucker Carlson, Rachel Maddow and Don Lemon or your Options. 99.9%. Tucker Carlson. Best cable news opinion host. See me Ask doing this poll. The news Department is people don't understand that it's leftist Democrats that watch CBS News and Why not Just say it's 100% at this 1000.100% of Americans? Every man, woman and child was moved to tears Last night when Joe Biden made it look like that he wasn't a robot. I was moved to my bed by that speech. Come up, I couldn't take it anymore. Especially when he starts to talk like this in a breathless, whispery voice. I can't take it. Then every once in a while he's breathy, and then he starts shouting for no reason. I'm having trouble controlling the volume of my voice. Not. You weren't the only one that was almost driven to see Mr Sandman last night because I saw Ted Cruz nodding off in attendance at that speech last night and to prove that it was indeed a bipartisan event. Democrat Joe Manchin was in the back of the room. He kind of looked like he was like on R a in college or like a supervisor at a prom. Yet his feet kicked up. He's playing on his phone, looking up every once in a while, everybody all right, All right, go ahead. Continue on, but they like that. They didn't have to sit near a bunch of people. That's why he had his feet kicked up. There's nobody else around him. I mean, the theater, the mask theater that was going on last night there in the chamber. Nobody was around anybody else. Everybody In that place of been vaccinated and that they're all still wearing masks and not sitting near within 20 ft of each other. Except for maybe Pelosi and Kamala. There was a lot of double masking ho boy. There was some double mask. It wasn't that they were just mast up, surrounded by all vaccinated people. They were double master talking about talking. You talk about undermining the vaccines and the vaccine messaging. You have that place filled with people like us. It wasn't filled A couple 100, people socially distance. 20 ft apart. All have been vax, but they're all still like you said Double master, That is the worst message. You want to get out there in terms of telling people to get the vaccine and you talk about messaging? What message does that send to the rest of the world when they look at that picture, and they look at that video of only just a handful of our congressman coming back to listen to the commander in chief? I think it looks weak and it looks like a bite and rally. Just a couple people. They're all spread out a couple people falling asleep. That's what it looked like last night. But yet you're telling me 80 million people voted for that guy with the true essence. When we talk about messaging, and last night in the Joe Biden's address to Congress is spending he's that was quite a sales pitch for a six Trillion dollar spending bill on all radical stuff, too. It's not like we're talking about $6 Trillion to save the planet from an eminent meteorite coming down like the movie in Armageddon. No, this is all radical Bs and then Pelosi. Nancy Pelosi jumps on TV this morning, And she's complaining about the Republicans complaining about all the spending all of a sudden there death to send hawks when they were giving away money to the wealthiest.
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"Is you buy a nice friendly. Non assuming guy trips up the stairs and then all of a sudden he's taken away trump hitting a golf ball hit bite in the back while he's walking up the stairs to his one does trump junior junior re tweeted that it was like it was the wind. It was not the wind. Have three times pop up and he finally falls areas. What am i think. My favorite trump of all time is the one where he's he's wwe. Beating vincent man. But instead of vince mcmahon's face it's like seen in if he's just so funny. Gotta gotta generation that we're in but like there's no precedent that i know of that got so much publicity that way against uses all around all the celebrity. It could have been cnn beating him up and never would laugh and it would have been a thing but like nobody. Obama didn't have like that thing. He had the whole like everyone joking insane. thanks obama. remember that. I guess i remember that i'm gonna do about it. There was nothing that was like. Yeah like that. Obviously bush didn't his s point before we had those crazy like a woman. President obama had a fairly smooth presidency. Nothing too crazy tumultuous happened. Is that the media covered rain. You're right you're right. Yeah but rose going with that but rows yeah interesting. Okay i gonna say that presidency in this one so far just horribly boring compared to the cult of personality steve. That's yeah exactly now known as guests. How many people were talking about this rican. Bill i've got. I've got so used to write. Every single move. Trump made he could frigging. You know what. 'bout is peanuts to p or whatever and would be like look what he did you know. He's he's this public indecency trump. He's his bathroom. But you can't do it in a way that like shot you see like turf or something like fifteen seconds longer than the national average. What's wrong with the president of crap. Ridiculous joe biden falls down the stairs like it was windy and they make all these excuses for him and they never really questioned their his fitness. Boom trump walks on slow aram slowly. They're like president. Yeah crazy the double standard but this bill so everyone would be like. Oh my gosh. Yeah look at this. Article trump trump trump trump. Like my whole news feed on facebook every day. Something new about trump right. Obviously that made us so polarized. That's what made it. so polarized. now hold on now. do i see crap. no. I've seen people that are already know are really into politics. Mentioned this bill. Everyone else dot org Not even the democrats that. I know of life like that now. Why why o. Obviously because well we just read to you guys. It is insane. They're trying to pass no. It doesn't make sense zero sense dude. He's like fourteen hundred bucks. Now let me slip it in. You know what. I mean like okay. You can't just slip in a frigging bill dad. Yeah yeah. I was talking about bill. Clinton matt.
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"Was afraid of and say everyone. But i was definitely afraid of that. Who's actually a good. I'll say i gotta say one. Good thing about the bill right. This is actually a pretty good one prohibiting the use of deepfakes in election campaigns. I mean that sense right. You can't deepfake your opponent like punching grandma on the face or something so brutal assessment of exemption of registration requirements under farah or registered lobbyists campaign finance impairment. So i guess. I'm getting the phone chargers. Small dollar financing of congressional election campaigns primarily general elections affect your dates. I mean this is written like they wanted to go through. This is not pace and they've been working on this for months probably five got elected. Guess what else did they frigging kong funds. It has brought a three to regulate the time. Place in manner of congressional elections under the elections clause of the constitution article one section four clause one interesting. The supreme court has firm that these substantive scope of elections clause is broad that it times that times places and manner are comprehensive words which embrace authority to provide for a complete coat of congressional elections. There's the bill guys doing and it's kind of scary honestly about that stuff. That's that's not cool man. cool man. That's so a wound on a slightly lighter note. I mean luckily like you said probably be struck down either way but the fact they could take awhile young. Could if a course could say hey depressing election coming up. Only twenty two. You get this knocked out in. this can't become. We have to hear this case before. That's up to john roberts. The chief justice. But we've to hear this case before the election six months before the election. If it comes up or democrats could just like now. We're gonna pass it like two before the election in just change. Maybe maybe if they pass it they had to actually put all this stuff in place. Yeah exactly past the second date that was like three or you're talking about putting internet and people's hands that have never had internet or who's talking about paying for it. I guess it does required but they push that requirement for that specific provisions back if they wanted to so cool man. Wow that's that's not good. Daily wire has fact checking by this disastrous first press conference pretty good little article. I thought it's just like three or four fact checks that are pretty pretty much like he's obviously trump would embellish and trump would be salesman like he baked. It's the greatest you know. Yeah dude he yes. He would embellish the smartest. It's going to be the fastest. It's going to be the you know whatever environment just like the sky is red. Look yeah he's wrong. And i'm gonna pay for it to term flu. Don't worry candy.
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"Independent redistricting commission establishment of selection pool of individuals eligible to serve as many of the commission to the hand pick. Who's going to be in it. Public notice and input. So they're going to have open hearings about it but the hearings are aren't gonna anything because we're gonna decide anyway. Establishment of related entities. So not only. Are they going to have these independent redistricting commissions that they hand pick number one hundred percent democratic bill. There's no republicans were by partisan trump at least had my partisans bills go through like this establishment related indies. That's going to be like almost like a subcommittee of this committee. Subcommittee is going to go. And handle the dispute between alabama and florida or not even a dispute voter classification clear. Voter rolls going to pay for that. And that's more money that we're paying for. We're paying for more necessary unconstitutional. If this passes the thing is if this passes and it may not with the senate like joe manchin could. I could see him not voting for this but if it does pass it will get by states. It will be several state's attorneys-general that will sue the federal government and with the way the supreme court is now especially because there's three trump appointees on the supreme court it will strike this down. I'm pretty confident. I'm probably seventy five percent off. And if this winter why would get struck down the supreme court but it was still be lov land for maybe maybe twenty twenty two in by then it could be too late the along long struggle it could. It could go through going the course it depends on where he got challenged in which states challenged it and all that stuff but trying to get. These kind of this is the for the agenda of the democratic party. They want from the this what they wanted from the beginning this i just. I wanted to know kind of what their plan was. You know and here we are. They're they're going to change the way we vote so that they will never lose..
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"That'd be all right. I mean i don't know. I prohibiting state from requiring applicants to provide more the last four digits of the social. Does that do for anybody. I don't understand why they would need your social anyway. I mean just give me your id and that's it for most states. Same day voter registration want anyone. This is interesting conditions on removal on basis of interstate crosschecks. So if you move from like alabama to florida or something like that and alabama was like hey did you move from alabama florida and they check with the fluorine government registered to vote over there. That's going to make that harder conditions on removal of voter registration based on interstate crosschecks. So the federal government's gonna stick their hand in the middle of alabama and business and be like. Hey you can't ask those questions about voter voter-registration keeping both in your roles that way. They can vote in both states. Because it happened in twenty twenty twenty and they're just to make it harder for voter rolls to be expunged in. It's just gonna make fraud easier long story. Short availability of have a requirement payments in inhabit is help america vote act so basically it's two was passed in two thousand and two to make sweeping reforms to the nation's voting process have addresses improvement civic systems and broader access that unified following the two thousand election so those electronic voting machines. That's all we were. They came from his as hopper this this funds holler even more so they have those same electronic voting machines things now is. They're going to be a rule and hear about states being able to choose their own machines. This this eliminate are completely. I would imagine. Yeah it's the same thing. But like his texas has been able to not have dominion and all that crap. They have whatever they want. This is probably just be like all right. Dominions or national voting system. Yeah thinking about that. I'll i'm there but like providing voter registration information to secondary school students.
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"Coley crap yeah so your taxes. You're paying for your congressmens reelection campaign. Oh my dude. The bill addresses ethics in all three branches of government including acquiring a code of conduct for the supreme court justices. They're like trying to take this. All out one fell swoop do. Hr one is terrifying prohibiting members of the house from serving on the board for on the board for a for profit entity in establishing additional conflict of interest in ethics provisions for federal employees in the white house on or biden. The bill requires the president. The vice president in certain candidates for those offices close ten years of tax returns. Donald trump restaurant in twenty twenty. Four in this does pass. He has to disclose his taxes. Ten years of them in order to what. What does that matter. What does that do for anybody. Shows that trump didn't pay any taxes paying your taxes as a frigging genius millionaires. Like the rest of the genius millions. Yeah shocker millionare's anyway. But like i just like appreciate that you mean everyone in the lower income bracket. I'm saying it right now. Know i'm not worried about it. That's exactly what it is. Everyone in the lower income bracket doesn't anyone in the higher income bracket. It's how it works. Everyone gets mad at you at your brother jelly anyway. Sorry i do that. That peeves me off holy crow so we want to go to the we. We can do whole deep dive. How how so. What i wanna know then is like this is bigger than this. Is like the biggest. Jesus like one of the biggest things. Democrats have pass like like is this past. This would be a sweeping fundamental change of how our democracy is conducted. Yeah that's this was the biggest thing the biggest thing that's happened. I'd say it's probably the absolute biggest change in this country since the initiation of the welfare state in the nineteen thirties before these which is we were all like. Not all of us but a lot of people were like. Oh no loss and then they were like bomb and my probably like obama. He'll do some stupid crap and then want to reverse it. Yeah but this is more than this. This is like exactly what everyone was afraid of. Dude this is exactly what everyone was afraid of. Oh my gosh something going to happen. And you're gonna make some huge changes and we're all screwed latte and you're thinking there's no way they can do it. That fast to the thing is yet but a lot of the more radical people in on the left are in control. Now they they really do have a lot of power and lot of control and there really are cramming down. Agendas is not just obamacare. Obamacare was like nothing compared to some of the stuff that trying to get through. So i want to get into the weeds just a little bit on of. We're not in the weeds. No i i read the summary the summary. I'm gonna read this just the headlines to skim through this real quick so promoting internet registration for voting. Yeah which any hacker could now wrote after the vote right stupid. So registration of requiring availability of internet for voter registration as a requirement so think about the infrastructure that would that would require for certain rural areas or poor urban centers use internet to update registration information..
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"Very. Yeah we're in the middle of it. Yeah i thought it'd be home. did you just go. Okay yeah okay. Like half of them in the middle of agency is serendipity. Alarm was set up like this. Because i thought you'd be home at a reasonable hour. You just leaving. Work doing the undoing. The alarm wasn't sent. she's calling. Yeah we homecraft raft for left. Because she was off eight two hundred thousand dollars all you have to make ext exactly. That's going to be a lot of people. But that's yeah exactly what i wanna know. What's upper to upper middle class household. But what i want to know is specifically what you how tax rates are progressive right Is that going to be part of it. You know And if you're going to go up like for everybody for sure and it's gonna get even worse for the higher earners. I feel like a lot of millionaires. Billionaires might move at least they're gonna move states keep moving out of. I should say california for sure for sure. I agree with that. Yeah you know. They recommend to listeners out. There is set up a free. Llc man and use that business for everything you do and run all your money through it and record a loss every year. Because that's what i'm doing i'm not. I'm not paying that tax rate. There's no way in. Hell no way and i'm going to do the smart way. Why do you think trump didn't pay taxes on zoom all these places man 'cause they're using they're using the system exactly we're playing. Yeah we're playing their game that they're playing with us. You know what. I mean to same old thing. They had problems with covert. Oh do you think they have financial issues with tax rates. No they none of them have to worry about that crap. Aren't they considered like a public servant or something. Isn't president like a public serbia completely. Yeah and like so. Yeah and so he gets. He probably gets tax. Breaks somehow that way to pay down. I'm pretty.
The Toasty Podcast
"trillions dollars" Discussed on The Toasty Podcast
"Conversation. This week is no different. We're giving our take of the political battleground in march. So let's get toasties. Yeah okay cool. It doesn't make that noise though. I make that noise every time. Because we're freaking famous. We are famous for like we think we're famous for we'll see a broadway happens seat. Well you know. If you're on the broadway circuit like he know if you're on the podcast circuit you kind of know our name right. I don't know about that. Maybe i don't know i'm just like anybody. I know it's good though. You wanna tell about the podcasts. They're like you podcast bro. And they're excited. I'm like yeah but like you're gonna watch you know. Have you really. You heard him. It's just weird. How divide gas. it's cool obviously. That's why i'm doing one but it's funny. It's just like oh manage crazy so biden. Decided he's gonna pass this huge infrastructure bill. That's insane yes. Do you wanna talk about that. I don't know it's up to you. You got yours. They'd take it away. Take me away matt vacation. This is so we're going to go skin this Fox business article real quick multi trillion dollar infrastructure. I've heard four to five. Trillion is what it could be. He's supposed to announce it friday. That's tomorrow which is the of the casualties. This'll be released on the day that he's supposed to announce it to go. Yeah because we're doing things a little better now. So and he's going to announce in pittsburgh and detail to rebuild the infrastructure. Both of physical in technological infrastructure. So i'm guessing that's like more five g government subsidies and tax break for five g. Are doing that every couple. Lot of companies now are subsidized. Like a lot of companies are being helped by the government. Now oh yeah. Tons and tons. I wanna know idea the big corporations. That aren't.
WZFG The Flag 1100AM
"trillions dollars" Discussed on WZFG The Flag 1100AM
"Precious metals. Call Jerry 71746 99 50 Stop it seem a 21 24 Kate, Wait. Dr Grand Forks. In a world of unpredictable events, 970,000 customers that were impacted by this event and breaking developments. A firefight goes on. As we speak, absolutely horrific event on a collision course from the chaos. There's one beacon of stability that brings it all home wherever you are the flag mobile app. Everybody knows it, That's for sure. Making your smartphone the epicenter of your information universe with a M E 1100 the flag. That's where it all starts. So much happening and so much to talk about. You never want to miss a moment on these days. You don't have to on air online and always on your smart device with the flag in Bongino back now on the Dan Bongino ship. May give you first just a quick inside scoop and I want to get to the General War on Big Tak is waging on free speech in America. Folks, the fear being imposed behind the scenes by Liberal hate groups and anti free speech advocates on anyone doing business with parlor is downright frightening. We've had an attack on websites some associated with us. I'm not going to go into details. Ladies and gentlemen, This is really serious. You may say to yourself. Gosh, this situation with parlor where we were banned from Apple's app Store trillion dollar company banned from Google's APP store another trillion dollar company And wiped out from Amazon AWS servers when they effectively took us down from the Internet. Basically $3 trillion or close to a company's at war with parlor. Which is not a trillion dollar company. How can it get worse? Folks, the pressure campaign from everyone down the entire value added chain. To disavow parlor will come for you next. You're already seeing it with telegram and others. Once they wipe one out, and they've got the business model down. They will go right back down to the next one. If you think If you are under some insane belief that this is going to end with parlor and your sites safe. That'll worry. We cater to conservatives who will be okay. Let's let those guys that parlor take all the incoming good luck. You have no idea the pressure being waged behind the scenes by everyone up and down the value added chain. The white farther parlor from the face of the Earth today. We are being bombarded with legal costs. We are being overwhelmed. They may have some news on that for those. Do you want to help? I don't have it today, but I'm hoping to get something to get. I'm trying my best. We are being bombarded from every direction. I'm telling you behind the scenes. I have been on the phone about parlor. I have probably Turned into my skull. I can't even imagine how many where they measured. It grazed or whatever are f into my skull. I've been on the phone nonstop. About parlor with lawyers co owners, the CEO of the company. It is brutal behind the scenes. Totalitarians are in full force. There are two questions. I like to sum things up easily. I want to get the headline out up front. There are two questions at stake here for those of you arguing. Ah, this is it's a free market Dan these air free market cos they could do what they want. Really? So free market companies are not allowed to engage monopolistic behavior with a coordinate with each other to squelch trade. That is not the free market. Just checking Joe if big companies are coordinating to stop other entrance from getting into the market, it's not a free market isn't it's a coordinated anti free market. Just checking. You're good. Thank you again. Audience. Some husband, you always just the ground us. Free market means entrance, and competitors are free to compete. If you're not free to compete, because big companies are acting in coordination with each other to shut you out, that is the very antithesis of a free market. It's a corrupt market. So question one which we're gonna answer now was this a coordinated hit on parlor? Question, too. Are these really private companies? Or they are these companies acting on behalf of the government, which legal precedent is everywhere says is totally illegal. If the government can't do something, it can't force and course a private company to doing it for it. You understand that? I'll get to that in a minute. I want to start with question number one was this Hit on parlor, Amazon, Apple and Google and it was a hit. Was this head on parlor coordinated? Seems like Twitter may have gotten itself in a bit of hot water yesterday have tip Mike certain of it. By the way for these highlights on these tweets. This is from Twitter's actual account on Twitter. Talking about Twitter being shut out of the Ugandan national election. Not a joke, folks. Twitter. Earlier this week. In close coordination with our peers. We suspended a number of accounts targeting the election and Uganda. If we can attribute any of this activity to state backed actors, we will disclose toe our archive of information operations. Most coordination without without without without appearing. Yeah. You don't show. You know, it would be really weird. What if in a lawsuit against Twitter and elsewhere and in the discovery Fage, we discovery stage, we found out there was close coordination with their peers to make sure parlor went away. Did that happen? I don't know. But it just seems kind of weird that Twitter put out on your own public platform that they closely coordinate with their peers. Here is another screen shot again Active my service for the highlights here of Twitter, acknowledging some basic human rights. Wow, they say the second part of this We strongly condemn Internet shutdown. This is not a folks. This is not the onion. This is real. Twitter. We strongly condemn Internet shut us. This is the Twitter that shut down on the Internet distribution on their portion. The Internet off the hunter Biden laptop story. Twitter Now strongly condemns Internet Shut down. This is this must be an attempt at humor. They are hugely harmful and violate basic human rights and the principles of the open Internet. Ladies and gentlemen, this is not a joke. This is a real tweet by Twitter. So Twitter acknowledges two things. Was this a coordinated? Monopoly. Acting together these thieves, trillion and billion dollar companies to crush the competition, Twitter seems to be acknowledging in their own tweet that they closely coordinate with their peers. Their words, not mine. Damn, But that was just about the Ugandan election..