40 Burst results for "Warren"
A highlight from US Government Succeeds in Criminalizing Bitcoin Privacy | EP 867
"You You're against freedom Yeah, welcome to another episode of simply Bitcoin live your number one source for the peaceful Bitcoin revolution car breaking news culture medic warfare We will be your guide through the separation of money and say and today is one of those episodes We're gonna talk about the separation of money and state the US government's attack. Well, I can't say that that's not a fair characterization Some members of the US government took advantage of the tragedy happening in the Middle East to and their allies in the legacy corporate media to Take advantage of what's happening to really pass through this narrative that a Bitcoin and crypto was being used to fund terrorism and Then that led to the FinCEN which is part of the Treasury to recommend these Broad regulations that I have no idea how that is gonna be enforced But whatever that essentially would make it so that every single Basically every single Bitcoin transaction how it currently stands would have to be reported now after the fact it came out that the article Was blatantly false it was misrepresented and misrepresented the data, but that didn't matter right the FinCEN proposal stayed There's currently an open comment period which I highly suggest you get involved in just like leave your thoughts But it seems like they got away with it because essentially Without the proposal even being introduced. What ended up happening is that already some financial institutions are already blocking Certain Bitcoin transactions that are involved in coin mixing so if you samurai if you use wasabi and then you send that Bitcoin to a An exchange it might get flagged right now. There was a huge amount of backlash over the last week Basically putting the blame on the exchanges Or on some exchanges in particular But the thing is what you guys have to understand is that exchanges aren't banks right as long as there's the on and off -ramp choke point and as long as People are using legacy banks to buy Bitcoin That is a choke point and that is a choke point that governments are gonna take advantage of I think moments like these highlights the importance of really understanding How to use Bitcoin peer -to -peer how to download peer -to -peer or how to use peer -to -peer alternatives like bisque And like a steco huge fan of a beauty on is doing with the steco But yeah, this is part of it. This is part of the separation of money and state and the thing that aggravates me the most is The fact that they were able to really pass this narrative even though is completely false and Without it being even introduced Banks and financial institutions are taking these preemptive measures which is absolutely crazy and then it's the continuation of privacy, which is Completely against the fourth amendment in the United States, which is no unreasonable search and seizure That just completely got thrown out the window But I mean look this is Exactly what you would expect As you know, the the the example that I always bring up is like a wounded animal trapped into a corner That's when they get most vicious, right? and I think that whether is Elizabeth Warren's Freudian slip a couple weeks ago where she's Christine desperation Lagarde's when she's saying that the CBDC is coming and it's here to stay and there's absolutely nothing you could do about it Or whether she even gets caught saying the quiet part out loud saying that Bitcoin is an escape valve, right? There's multiple signs that show you That the powers of be the people that want you to use fiat currencies in the future of fiat currencies which are central bank digital currencies are Absolutely terrified of Bitcoin but most importantly not only are they terrified of Bitcoin They're terrified of people taking self -custody of their money which won't allow them to confiscate it easily either do either either through direct confiscation or Confiscation through inflation because that's really what inflation is at the end of the day.
Fresh update on "warren" discussed on Bloomberg Markets
"Are here at the offices of build american mutual we're down in lower manhattan world financial center uh broadcasting live here one of the obviously most important stories of the past 24 hours has been the passing of charlie monger he's the iconic investor and partner with warren buffett uh in the creation of what is today berkshire hathaway he passed away uh tuesday at the age of 99 johnathan levin uh joins us he's a columnist for bloomberg opinion out with a wonderful piece here today which really helped me get a a sense of who charlie monger was and the impact he had uh not just on warren buffett but on lots and lots of other people as well johnathan thanks so much for taking the time here really appreciate uh the piece you put out today um give kind of two or three takeaways you had uh from the great life of charlie monger sure so i had the
A highlight from BREAKING: Bitcoin Spot ETF to be Approved Friday!? | EP 866
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to another episode of Simply Bitcoin Live, you're your number one source for the peaceful Bitcoin revolution covered breaking news, culture, and medic warfare. We will be your guide through the separation of money and state. Today is November 13th, 2023. I hope everyone had an amazing weekend. Breaking news, it seems like the deadline for whether or not the spot Bitcoin ETF will be approved in 2023 is going to be November 17th. It's coming up. It's coming up in a couple of days. What are they going to say? Are they going to approve it? Are they not going to approve it? I definitely think it's going to be one of those things where it's like pump up on the news and then giant sell off, you know, because that's what always happens if you've been in the space for a while. But it's it's absolutely bonkers that we've we've gotten to this point. Now, we've talked a lot about what the downsides and what the upsides of of a Bitcoin spot of a spot Bitcoin ETF are going to be. Obviously, a lot more liquidity going into the market. I definitely believe it will make number go up. But like Caitlin Long said when she came on Simply Bitcoin IRL and Lawrence Lippard, you know, it also risks for for rehypothecation of Bitcoin in the selling of paper Bitcoin. Now, obviously, I don't think it's going to be as easy to do than how they did that in the gold market due to gold's physical characteristics and due to Bitcoin's unique ability of being able to be transported and custody very easily, you know, for pennies on the dollar, you could send it anywhere around the world. You could take self custody of Bitcoin, millions, billions, theoretically trillions of dollars by writing down 12 words, 24 words, not to mention, you know, using multisig if you want to beef up your security setup. So actual the ability for you to take custody of it very quickly and very efficiently, I think is going to protect it from what they did to gold. But that's not to say that they're not going to try. Like I think the long term play here based on the FinCEN, you know, what's going on with FinCEN, which we're going to talk about tomorrow, how they're demonizing mixing services. But the things are so broad that it's like a single use address counts as of some type of mixing. And then the words are what I would call the Freudian slip from Elizabeth Warren, basically finally saying the quiet part out loud because Bitcoin exposes all incentives after all, finally admitting that, you know, self custody is some type of this highly sophisticated way of money laundering, of skirting regulations. Right. Like and of course, they're planting the seed. That's why they come up with these words, unhosted wallet, you know, custody wallet, non custodial wallet. Right. They're trying to plant the seeds in the uninformed populace that somehow self custody is dangerous. Well, the reason they're doing that is because self custody is the revolution. And if enough people take self custody will win and there's nothing they can do about it. So it's pretty crazy that the that the date to come is on Friday. But again, all of this would be rumors. All of this would be a big nothing burger. But actually, the CEO of Grayscale, which is one of those companies they hold up, not only do they hold an F ton of Bitcoin, but it's also one of those companies that have applied to file a spot Bitcoin ETF, has been hinting at some things on Twitter. He tweeted it out very, very early this morning before right before eight a .m. Eastern Time. So, I mean, it looks like. There could be a potential approval of a spot Bitcoin ETF on Friday. And if it was one, it wouldn't just be just one approved. There'd be multiple spot Bitcoin ETFs approved. Right. So that's what's going on right now. That's the breaking news. We're going to cover it like always. We're going to analyze it. We're going to show you guys all the details. We're going to make the case like we always do. Anyways, no more delay. I want to bring up my legendary co -host, always optimistic, already smiling, giant smile. The chat's on point. The chat is losing their mind today. It's totally irrelevant to the conversation. Don't go look in the chat. It's probably inappropriate for you guys at work. But yeah, chat's undefeated over here. They're cracking me up. Anyways, yeah, Nico, what a crazy weekend. And it really just goes to show what we've been talking about on the show for months now that we are in the then they fight you stage. This is the separation of money and state and things are getting frothy, not only the price, but everything going on around Bitcoin is starting to become a point of contention. I think we've been talking about this all year, that the stance on Bitcoin from any quote unquote authority figure is the defining conversation right now. Of course, this was all going on behind the scenes and now it's becoming public and it's all happening publicly. And this is why I think there is so much uproar about it all, because now finally, everything from behind the scenes is being made public and being brought to light. So I think it's more important than ever to do what we always tell you guys to make sure that your Bitcoin is in cold storage, that you don't have Bitcoin on exchanges, that you are huddling them Bitcoin because we know that they don't want us to be in the escape route. We've said it before. You know, they don't want an exit route. And Bitcoin is that exit route. And we've been telling you guys constantly the on and off ramps are the chokeholds, like we've known this for a while and now it's heating up. So hopefully we can move forward. Hopefully there will be pushback. And as an individual, if you're on the Bitcoin standard, the Bitcoin circular economy already, what's this mean to you? Just some roller coaster rides and part of the Bitcoin fund. So we'll get a wine. All right. I'm getting trolled. I'm getting trolled. Go. That's another thing to kind of bring up. And we'll bring up the latest development on the FinCEN and stuff that happened over the weekend. We'll cover that on tomorrow's episode. But one thing's for sure, guys, we say this in the beginning of the show. It is our motto. We'll be your guide to the separation of money and state. We are definitely entering the Then They Fight You stage. That's for sure. You have to take action. Get involved. Don't be just a bystander looking at what's happening. Get involved. And unfortunately, I think over the long term, I do agree with the theory from the book The Sovereign Individual, where information technologies and the ability for individuals to opt out, opt into whatever money they choose to use is going to make politics irrelevant over the long term. I completely agree with that. But what worries me and what keeps me up at night is the transitional period. And during the transitional period, I do think that politics are somewhat important. I do think that they can make life very, very difficult for you if you are holding Bitcoin and you live in a certain jurisdiction. So unless you want to keep moving from place to place, to place and place, it's important that you get involved, right? Whether that is making memes, commenting, making videos, just highlighting the lies and the misrepresentations, like what happened with Elizabeth Warren in the Wall Street Journal a couple of weeks ago. The more attention we call to that, the better we position ourselves, right? And the key is to win over the adoption race. We have to orange pill as many people as humanly possible, as quickly as possible, so that there's enough people holding Bitcoin in the US that if any politician tries to recommend anti -Bitcoin legislation, it becomes unpassable. And then the example that I would give to this would be the gun lobby, right? Any time you tried to pass a gun law in the United States, because so many people own guns, it just becomes impossible to pass, right? Hopefully we get to that much Bitcoin adoption in the United States very quickly, that any type of Elizabeth Warren type of regulation, any type of maneuvering and scheming just gets shut down just because it's so unpopular with everybody. But we're not we're not quite there yet. Bitcoin right now is still in the shadows. Like that's the reality. Like people know about Bitcoin. People know about crypto. They know about these things. They still think crypto and Bitcoin are the same thing. But it really comes down to us to really educate the masses. And I'm not talking about just me and Opti. I'm talking about everyone in the chat. Take it upon yourself. Take agency, take action. Orange pill as many people around you. Right. This is all about the individual pushing this forward. That's how we win. We win over the hearts and minds of people. It's not left versus right. That's the divide and conquer strategy. It's really the party of orange, party of peace, Bitcoin, opportunity, prosperity, versus a party of green, which is a party which is the future they want us living in, which is a party of central bank digital currencies, nihilism, slavery, confiscation, all of that bad stuff. So you got to decide what future do you want your children to be living in? I want my children to be living in a Bitcoin future. Well, we got to stand up and stand up for your right. Anyways, everybody, let's let's move on to the numbers. Yeah, I know, right. It's a good line. It's a good line. All right, everybody, let's move on to the numbers. We got a lot to talk about. Let's check it out.
Fresh update on "warren" discussed on Stephanie Miller
"I'm Jessica Edinger, CNBC, wall street's poise for a morning in the green after yesterday's modest gains us economic growth still popping gross domestic product for the third quarter revised up to 5 .2 % hotter than expected, even though the feds increased interest to rates slow the economy and bring down inflation investors mourning the loss of billionaire investing genius Charlie Munger, who died at the age of 99 Munger was Warren Buffett's right -hand man and vice chairman of Hathaway Berkshire GM shares are jumping this morning on a 10 billion dollar stock and buyback an increase in the dividend as the United Auto Workers Union strike is in the rear the view company's trying to regain investor confidence footlocker shares were higher on strong quarterly results Petco shares plunging on a quarterly loss the Rockefeller Center Christmas tree lighting ceremonies tonight in New York Jessica Edinger, CNN. Hear the CNBC Business updates each weekday at 930
A highlight from Michael Saylor: Mainstream Bitcoin Awareness is EXPLODING | EP 865
"It's all going to zero against Bitcoin. It's going up forevermore. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to another episode of Simply Bitcoin Live, your number one source for the peaceful Bitcoin revolution, color -breaking news, culture, medic warfare. We will be your guide through the separation of money and state. Anyways, Michael Saylor is just, he's just taking it all in. He's having a victory, victory dance right now. He's up on his Bitcoin investment. I saw a tweet the other day, did you guys know that every thousand dollars Bitcoin goes up in price? The Michael Saylor's Bitcoin investment goes up like 158 million dollars. It's just some like absurd amount like that. So yes, Michael Saylor is vindicated and more importantly, we're going to play you guys a clip today where he's making the case that we've been making for this last week, really for the last couple of weeks, that Bitcoin awareness is going mainstream. You're seeing that. You're seeing that when Natalie Burnell, we played you guys the clip on yesterday's episode, where she went on Fox Business and she's literally saying how Bitcoin is the money of peace and fiat is the money of war, how Bitcoin gives the opportunity to the younger generations and millennials and the Gen Z -ers and she's saying this on legacy mainstream media, right? So yeah, I completely agree with with Saylor, Bitcoin is going mainstream. It is the legal tender of a nation state, of a country. And I think that in the next cycle, there's going to be so many public companies, there's going to be so many countries, they're going to be looking at what Michael Saylor is doing and looking at what Naeem Bukhale is doing and just come to the inevitable conclusion that, OK, the Bitcoin strategy is obviously superior. It's obviously the way to go, right? So anyways, very, very exciting times. We are ending the week with a bullish episode, but in the montage as well, I added some other things because I can't just be full, you know, bulltard all the time. We are going to talk about CBDCs and digital IDs that they're planning to roll out in Europe and all over the world. Make no mistake. And you're seeing the attacks by governments, you know, the CyUp attack by Elizabeth Warren and co -intermedia allies to try to shove down the throats of Americans, these crazy, insane proposals by the FinCEN that would basically make it like look down upon for you to use a single use Bitcoin wallet address, which is like by default, that's how they work. Right. So like, obviously, you can make the case that there was more sinister intentions when they made these crazy proposals, right? So anyways, you don't call it the separation of money and state for no reason. That's exactly what we're living through, ladies and gentlemen. And the way that you protect yourself through all this chaos, all this madness, the great disintermediation is by taking self -custody of your Bitcoin. Anyways, everybody, no more delay. I want to bring up my legendary co -host. He is optimistic today. He must have spent the night with Chrissy. How are you doing? No, I did not stop spreading fake news, Niko. I'm doing well, man. It's Friday. It's Friday. What's up, everyone? Hope you guys are going to have a good weekend. And then I have to I have to off the rip combat something you said, Niko, I stay bulltarded, always stay bulltarded. This is the way. Always stay bullish. But of course, be conservative and make sure people don't get wrecked out there. That's that's always some good wisdom. And before we go on, guys, we apologize for starting a little bit late. I see some people complaining, you know, we had to take care of some business, had to deal with some technical issues to get our guests on point today. Like, hey, we do our best to make sure we're on time. So forgive us, guys. We don't do it often. I get it. You know, we will respect your time. We love you guys. It is what it is. Sometimes we're a little late, you know. Hey, we love you. We love you. But there's things that happen that are outside of our control. Anyways, on that note, let's bring in our guests. Shouts out to Tony Miltenberger, a Bitcoiner. And I think he's going to drop some wisdom on us about connecting the dots and inflation today in the culture. So I'm excited for this one. You know, we love to spread that wisdom and try to get our minds right when we have these conversations with our Normie friends and family and everyone out there that tells us we're wrong. Anyways, Tony, how are you doing this morning? Very good. Thank you very much for having me on the show and happy Veterans Day. Let's go. So it's and it's Friday, so let's make it a good one. Absolutely. It is Friday. It is Friday after all for 100 percent. We have made it through the week. Let's finish it. Let's finish it off very, very strong. All right, everybody, no more delay. Let's jump straight into the numbers.
Fresh update on "warren" discussed on Bloomberg Surveillance
"Is who somebody talks with all the executives across Wall Street, Main Street and beyond to understand how they're dealing with some of these transformative technologies of the moment. And David I want to start there, kind of where the similarities are in how some of these executives are thinking about the developments in artificial intelligence in AI. Well everybody wants to be an expert on AI and figure out how it's going to affect their company, positively or negatively, but honestly nobody really knows for sure yet how it will work. We're really in one of artificial intelligence in terms of how major companies are going to use it or have it used against them. So everybody's trying to hire artificial experts or get people into their firm who can help them assess whether artificial is intelligence going to be useful to them or helpful to them and nobody really knows yet. So I can't say anybody is certain how it's going to impact their business yet. David, Mr. Zaffino has steeled it, Marsh McLennan and others and then Ani goes to AIG where different than other executives he has deal to with disaster. What did you learn about how he handles the unexpected? Insurance is about dealing with the unexpected really and so AIG became the largest insurance company in the world for many many years and as a result of that, it had enormous tentacles throughout the entire financial complex. It clearly extended itself too much, didn't anticipate problems that arose particularly in the mortgage area and as a result of that, it was held out by the US government to the tune of about 180 billion dollars. Now that money has been paid back with interest but AIG is no longer the biggest insurance company in the world and doesn't have quite the tentacles around the world that it once did but a still very profitable company. David, a newsmaker yesterday, this is what Rubenstein does, he's tearing the thunder from journalists. Rubenstein David with Bill Ackman yesterday on the track that this nation will take. What did you say to Ackman, David Rubenstein? Well, Bill is a very impressive person who obviously is outspoken, has been outspoken on many issues over many years. Recently he's become quite visible in what saying he's been about Harvard but he said in the interview, which will air not too long from now, that he's made a new bet. He's made a number of macro bets that have turned out to be extremely positive. One of them, he made over 100 times his money on a bet that he made a number of years ago in the time of COVID. Now he's made bet a that interest rates will be cut sooner by the Fed than is otherwise expected. And bet if that is successful, I guess he'll make a fair amount of money. But that's the big issue that many people are grappling with. Will the Fed decide that it needs to lower interest rates before the political season starts, let's say in the summer or the fall of next year? Excuse me. Go ahead, Lisa. Please. My fault. David, is it surprising to you that a big hedge fund manager is focused on making big bets on treasuries right now? Well, many hedge funds people are doing that on. Honestly, he has not done the so -called treasury trade that others have done where he's buying treasuries and shorting treasury futures. He hasn't done that. This is basically a bet that Fed the will succumb to some pressure to lower interest rates before too long. Now, the conventional wisdom in Wall Street is that the Fed will lower interest rates at some point during the first or second quarter, more likely the second quarter. I think his bet is it will probably do it sooner than the conventional wisdom. And I have said publicly before still and I think it's the case that the Fed will get in trouble if it lowers interest rates around the political season have said it before, because Republicans will say, well, you're helping Joe Biden by lowering interest rates if you do so over the summer or in the early fall. So if the Fed is going to lower interest rates, probably to avoid political criticism, it will have to do it sooner than later. David, you mentioned Mr. Ackman in Harvard and the horror of the Eastern Mediterranean. I want to go to your Duke University where they have a bridge, folks. There's an old bridge called the Free Expression Bridge. And to make a long story short, they had to paint over a pro -Palestinian tone as well. David, I want you to talk to the great and good right now about how those of means and success should deal with their shock at our American universities. Well, the American system university is still the envy of the world, and our private universities are really places all over the world want to attend. There's been a shock that many people didn't realize how strong the anti -Israel feeling has been in some campuses, and the result of that has been outraged by some alums. Some universities have handled this better than other universities. I'm the chairman of the Board of the University of Chicago, and we have a tradition of not issuing statements on political matters or outside matters and we haven't issued one in this case, but in many cases other universities have not had that policy and they've gotten in trouble for issuing statements that don't please one side or the other. It's a difficult way to walk this fine line, and I don't know has that anybody figured it out properly or correctly. David, a glorious day for Bloomberg's surveillance with Doug Cass and Howard Marks with us in remembrance of Charlie Munger. Give us your thoughts on the hugely successful experiment that was Berkshire Hathaway. For those who don't know, Charlie Munger was from Warren Buffett's hometown of Omaha. He moved to Los Angeles and later reconnected with Warren Buffett who he hadn't really known before, but he had worked for Warren Buffett's grandfather at one in point a store. Charlie Munger was an outspoken, very, very smart lawyer who transitioned from being a lawyer to being an investor and his track record early on was actually better than Warren Buffett's in some respects. They teamed up, became an incredible team of people who were mostly known to the public through their annual meetings where Warren Buffett and Charlie Munger would answer questions for six hours on end and Charlie Munger was quite well known for his, I would say, dismissive ideas of some other people's thoughts about investing. He was a very fundamentalist kind of investor and he transformed Warren Buffett. Warren Buffett was taught to buy things very cheap buy things cheap, you can always make money. It was Charlie Munger's view that you should buy good companies, maybe you pay reasonable a price for it, but buying good companies is better than buying cheap companies which may not be that good and Warren Buffett gives lot a of credit to Charlie Munger for having transformed his views on the investment world. David, thank you for joining us with today this remembrance of Charlie Munger and of course with your excellence look for a conversation with Peter Zaffino peer -to -peer conversations 9 p .m. tonight and hugely anticipated in the next ten days a conversation with Bill Ackman that move I would suggest move markets at the least trading market yesterday. Well, Bill Ackman has gotten the timing pretty well so far this year I think it's notable to me that hedge funds have been active players in making interest rate bets. Back in the day they were more of Charlie the Munger make a big bet on a specific company including Bill Ackman with his whole Herbalife saga. There is a question of whether interest rates are actually at the behest of some of these levered trades and which that's played into the action of this year. The action of this year is the bid is there even on moldy days stocks seem to have there's just this oomph right now I guess it's seasonal some people would say that Amy was Silverman that would say that but I got futures up 21 for the first time folks in years I'm on like a record high watch on Nasdaq 100 a 16 .1 and 16 thousand five hundred ish is a record high and I've never said it's a the Nasdaq up eleven percent more than eleven percent so far in November it's been a great year right we were hearing that earlier I just came right the first ticket I just came right the first ticket but honestly we did see that ten percent pull down and boom was that enough to bring everybody back in I think I've got to see what Apple's Christmas holiday sales are before I can buy my first share of stocks I triple leveraged all cash you know somebody said you make really fifteen percent five times three and I said no there's a lot of expenses involved there's marketing expense and you know the general counsel has to get their fee and you know neck clean we're double -digit but we're not at up fifteen percent of some people think you
A highlight from ROLLUP: The Bull Market is On | Ethereum ETF | Near Layer2
"Bankless Nation, it is the second Friday of November. David, tell them what time it is. Oh, it's bull market time, Ryan. It's a bull market. It's a bull market. It's also, what's up? This is a special edition of the weekly roll up. And you told me not to ruin this title, this theme for you. So I'm not going to do it. Go, you say it. It's the, we are so back edition of the Friday bankless weekly roll up where we cover all the weekly news in crypto, especially focusing on the markets this week because God candles are happening. Coins are moving. We're getting the double digit price movements. Markets are alive. And NFTs are no exception to that. Everything is up. Every single listener of this podcast has more money today than they had last week. So congratulations. Pat yourself on the back. I declare that we made it. We made it through the pair. We made it. The bear's over. You're saying it? It's official now? It's official. All right. Well, so everybody is up on the week, except for those, those few Fiat Maximists. Except for the short sellers who are idiots. Do you think any Fiat Maximus and short sellers listen to bankless? How dare they? Just hate listens. Hate views, hate listens. Guys, in addition to the markets though, we've got a few other questions that we're asking. I'm going to rattle them off. Did BlackRock just file for a new spot? Eth ETF is near moving to Ethereum. Did Elizabeth Warren apologize for lying about crypto? I bet you can guess that last one. There's so many questions today. There's a lot of excitement going into the episode. David, before we get in, want to shout out our friends and sponsors over at Linea. They are inviting the bankless nation to go on a voyage. This is a DeFi voyage, a crypto voyage, because they have a new ZK EVM that you absolutely have to check out if you want to pioneer the frontier. David, tell them about Linea and what is the voyage? The voyage is six weeks of 10 ways of activity, 10 core tasks, some optional bonus tasks as well, with over 60 DeFi apps all to engage with. Why would you engage with them? Well, you know the points mechanism. FriendTech did this. They're giving out points. Linea XP, Voyage XP, is like a game, non -transferable ERC20 token that you accrue for going on the Linea voyage. So there is a link in the show notes to explore what is a new ZK EVM layer two on the scene. So you can collect some Linea XP by doing the Linea voyage. There's a link in the show notes. I think this is where we're going to spend the bull market, David, is on roll -ups and layer twos because Ethereum gas fees are going up, my friends. Oh, they are not low. We got to migrate. We got to migrate, but let's talk about the markets. All right, these charts look so beautiful today. This is the Kraken Bitcoin chart from Kraken Pro. And look at this candle up, this big green candle, followed by a candle down a little bit, but I'm still happy because it's still up. Tell me about this candle, what's going on? What's the price on the week? Yeah, Bitcoin started the week at 34 ,600, trying desperately to get its head back above 35 ,000 and not fall resistance to that, not fall back down. And then it just like blasted through right before we started recording, touched ,000 $38 going from right below $35 ,000 where it's been all week to $38 ,000. It is now at the time of recording at 36 ,500. So coming back a little bit, but 36 ,500 is real nice. Really, really nice. It's really nice. And this is the highest Bitcoin has been. I mean, I'm just scrolling out on the Kraken chart here. Like 24 months, how long has it been? I got to keep scrolling. It's been a very long time. You can't keep scrolling because your candles are one hour candles. So if you go up to the top one day, yeah, this is how you use Kraken charts. How I trade. Okay, yeah. Here we go. So look at the line, see where it intersects. May of 2022. Okay, so we killed the FTX liquidation. Bitcoin replaced that pretty early, in early 2023. And then halfway through 2023, we erased the three arrows capital liquidation. So three arrows capital is now in a distant memory. Those are no longer relevant parts of the market. And we are in process of finalizing the removal of the Terra Luna dump, which happened in May of 2022. We're almost there. I think if we just get maybe up to back, if we hold $38 ,000, Terra Luna is in the rear view mirror. It's also the season where you're starting to get, you're gonna start to get text messages from your friends and family. You have? My very dormant crypto chat that was dominant throughout 2020 and 2021 is now like, oh, we're back, baby.
Fresh update on "warren" discussed on Bloomberg Surveillance
"Well, the Goldilocks maybe that seven as stocks are well. We're going to wind it through a group data check here right now. Can you give me General Motors Amy when you can and General Motors with a big big pop here off what we've seen with futures up 22 the 10 year 4 yield .29 % oil up maybe a dollar or all watching gold. I mentioned Dennis Gartman yesterday gold in yen one of the great trades of the generation to the moon. It's a moonshot up with gold well over 2000 and Generous Motors up 8 % is well every CFO of the 493 lost stocks stocks have to review this strategy this morning and where they're going to cut costs and have it invest to compete not least of which with China. It's going to be interesting to see I think of days as to the death of John and Templeton what surveillance did and we do this today with Charlie Munger we had Terry Weissman great to have Sam Stovall on and Doug Cass with his intimate relationship with Berkshire Hathaway we finish strong with the Howard Marks chairman of Oak Tree Capital Management and I point must out author of not one two but three important books on investing of what to do and just as importantly Howard what not to do. Howard on Charlie Munger getting the odds on your side how did Charlie Munger get the odds on his side he started off with a brilliant mind and a brilliant brilliant he partner intensively studied the financials thinking about the long term he never tried to guess what a company or a stock would do in the short term and he held for many years you know he was a great practitioner sit on your hands and he he did it flawlessly. In the modern day in the modern media I remember reading those annual reports Howard years ago there was no financial media there was no blogging internet the short short -termism we're living it now what is the lesson of Charlie Munger's well short -termism if you want to hit the long ball you have to be very patient and you know when the stock moves up the first 20 % you can't start taking profits. Charlie and Warren have held things for decades and and the other thing is they Charlie always talked about this but you have very few moon shots. Charlie said within the last year that most of his wealth came from four decisions so and you know what what would have happened if he would have start trimming those four decisions early. He certainly would not have accomplished what he did and think I Warren would say the same thing maybe the number four would be a little different with Warren but you know Warren is famous for having said put all your eggs in one basket and watch the basket really closely and I think that it wasn't one basket but the idea of concentration patient and patients coupled with good decisions makes for a great success you know a concentration and patients don't accomplish anything if you can't make above -average investment decisions but putting it all together is the formula for success. Howard you wrote in some of your thoughts about Charlie Munger that he had very definite opinions in particular regarding the investment management industry he viewed the industry with considerable skepticism and while a member of it I found myself in agreement with him more often than not what exactly are you talking about in particular? you know I think both Charlie and Warren felt that our industry relatively few members of it made substantial contributions to their clients wealth. Many more members were well paid. He was always one who questioned incentives. He says you give me an incentive I'll tell you the behavior and I think that know I think that Warren and Charlie viewed their operation they in fact Warren said in quotes not a partnership but not a corporation of partnership and they considered people the they manage money for their shareholders to be their partners and they considered themselves to be working for their partners and not themselves and their own wealth and and success was was a byproduct of working of doing great work for the partners so you know I like to put myself in the same boat. Those sentiments appeal to me greatly and I've tried to follow that. How difficult has it been to sort of to adapt the strategy to different eras when you had conversations with Charlie Munger there are questions around tech and how that changed the investment thesis how did they think about the changing concept of what a wonderful company looked like and what fair value was
A highlight from 1456: THIS Is Why BlackRock Is Buying So Much Bitcoin - Michael Saylor
"In today's show, I'm going to be breaking down the latest Bitcoin technical analysis as Bitcoin price reached $38 ,000 and is pumping like a mofo. Did you know two years ago today Bitcoin hit that $69 ,000 all time high? Only a matter of time before we return to all time high levels. Also breaking news, the BlackRock iShares Ethereum Trust is officially registered in Delaware. That's right. Max Kaiser responded to this news and Ethereum ETF will create an interesting arbitrage between proof of work and proof of stake. Properly managed ETH ETF short positions will perpetually generate profits to roll into the Bitcoin ETF. He also points out that used derivatives to make his short sell ETH ETF to zero and use the proceeds to buy Bitcoin. He also shares that it's an open secret that Warren Buffett and Charlie Munger are both crooks. They hate Bitcoin because it makes them look stupid on top of being crooked. Also in today's show, ARK Invest and 21Shares partnered to launch their digital asset ETF suite. Also breaking news, the SEC's first window to approve all 12 spot Bitcoin ETFs is officially beginning today. The clock is ticking. We'll also be discussing Bitcoin ETF launch could be delayed by more than a month after the official SEC approval. Now MicroStrategy is now up $1 .27 billion in profit in their Bitcoin stash. Let's freaking go. And speaking of Michael Saylor, he shares why BlackRock is buying so much Bitcoin right now, and he also expects Bitcoin demand to double after the halving and spot Bitcoin ETF approvals. We're also going to be discussing why Saylor believes you need to own at least 0 .1 Bitcoin as well as his latest 2024 Bitcoin price prediction. All this plus so much more in today's show.
Fresh update on "warren" discussed on Bloomberg Surveillance
"Brahmo, John and Thomas, or as we call you in our household, give Everest a chance. It's great to be honoring Charlie and Tom can explain the Chicago Cubs double play. You know, this was, this was a beautiful friendship and exquisite love story, far more complicated than Ryan O 'Neill and Allie McGraw in the movie of the same name. It was a sixth decade in the making of two great friends and investment, melding of two great friends and investment minds, arguably two of the greatest investors of all time. He was a compendium of reason and value into many of us like value investors my friend Howard Marks is coming up. We worshiped at his altar. Warren Buffett held his tongue a lot, but Charlie could be prickly and almost They were both very blunt and both very brilliant. I think that Charlie was far more in terms of cerebellum, intelligent than Warren. He graduated Caltech and had a law degree from Harvard. He considered himself the smartest man in the room and guess what, he was. He didn't suffer fools lightly. He had no patience for idiots and told those people they were idiots In terms of the The question I think you're leading to, what are the consequences for Berkshire Hathaway? There already has been a line of succession established and Charlie Munger inadvertently mentioned it in the Berkshire Annual meeting in 2021 when he said that Greg Abel would become the executive chief because Buffett is no longer in charge. This is a big personal loss to Warren. He's lost his confidant, he's lost his best friend. Charlie long ago embedded the idea, this is the most important thing that he gave to Warren, he embedded the idea of quality concentration with Charlie, preferring to buy a wonderful company at a fair price over a poor company at an attractive price. Remember that Warren initially bought broken companies or cigar butts as he called them in the early days, but he changed with Charlie on the scene. Right. I want to get this in, Douglas, I think it's so important. When you were a kid or Peabody down the hall from Julian Robertson, you and I would wait, wait, wait, wait for the annual report of these two guys. Explain to our younger audience worldwide what was so special about that Berkshire Hathaway simple printed annual report. The only proxy I need diamonds note. My annual reports are dog eared. I've literally read at each one over 50 times, and I'm not being hyperbolic. Um, the value in them was the wit and the sayings, and Charlie had some of the best sayings. One of those was, because, uh, if I can be optimistic when I'm nearly dead, certainly you can accept a little inflation or to say derivative accounting is a sewer is an insult to sewerage. Or, as you tweeted out, every time you hear it, just substitute it with BS earnings. Yeah, I look at this, Doug Kasin. Let's go back 10 years. You were the pinata. You were the short seller, the gloomy guy at the meeting. When you and Munger battled at that 2013 meeting, how many hits did you take? I took a bad hit in my most important question. You know, Warren, Warren wanted to do something different. Never in the history of annual meetings has a short seller who short the company stock been invited to ask hard -hitting and hopefully harmful questions. So, I sat in the dais next to them and the question I asked is, would you consider giving a couple hundred million dollars to me to manage a short portfolio and that if after two years I failed to outperform Berkshire's portfolio, I would return the investment fees back to Berkshire while his response to me was pure Charlie Munger. He said regard with to his unwillingness to sell short stocks that he doesn't like trading agony for money. Do you notice that Cass has cut and chiseled? I mean he's not been out on a golf course. He has told me a few times he's on his end pick 50 pounds lighter. It's like the new Doug Cass that we're seeing here. We can perhaps get into just a moment. Doug I just want to explore investing approach just a little further with you. You referenced that quote and I'll share it again. Far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Charlie understood this early. I was a slow learner. Doug can you talk about the evolution of their approach to markets particularly in the last say decade or so given the explosive nature of indexing and just buying the S &P 500. How have things changed for them Doug? That's a great question and it's an essay answer I'll try to do be brief. He used to try to buy gazelles John that were in trouble whether it was American Express in the oil scandal or Geico was on the deathbed and trading at a dollar a share. Because of Charlie he started buying companies Chicago like Pneumatic and Lubrizol, Heinz quality companies. He would pay up for those companies. I wrote and discussed in one of my questions in his he was searching for gazelles in the old days but he was buying at hefty prices consumer product companies that he was comfortable with. I think he was protecting Berkshire Hathaway and making them morph into something that index funds and I think that was his legacy Jonathan. Impenetrable moats, impenetrable suite of Alex and companies. Doug it's fantastic to get your thoughts this morning we all do appreciate it TK reference of course as MPIC we can finish on that Doug we were talking about how life changing that might be for this economy to to approaches to markets can you speak to that personally Doug just have you changed your investments off the back of your experience with this? I do own Lily and I have said that for now AI is an elegant parlor game and that Ozempic will have in the next three to five years a much more profound impact upon our economy than AI. Any thoughts on where you think that impact will be most profound and Doug? Lower insurance costs most I would say. And I think this is one area where you can get partisanship in Washington DC. Interesting. He says that with a smile at the end. I think we can agree on that. Hey Doug, fantastic to get your thoughts on the legacy of the late Charlie Munger. Doug, thank you. Doug Caster of Sea Breeze Partners. That approach to markets, had Tom, to change. Had to change because the way everyone approached markets had to change. As in the time of the Magnificent Seven, I mean it's a been shock. Doug's been an apple bull for years within his short selling in the times he's been often. You know, as any short seller here, you see Jim Cheyney shutting down. It's been a sporting 2023 for that crew. But what's timeless here and what's sobering into 2024 is the idea of what do you do with quality when it's so narrow. That to me is fascinating. And understanding what quality is. I mean, you think about Warren Buffett's first company and his adjustment to this sort of buy a wonderful company at a fair price. It was C's Candies, right? It was something that he liked the candy and he paid a price for it that he wouldn't previously have paid. And it delivered him two billion dollars in profits over the tenure of his experience. It isn't tech. It isn't Ozempic. was It C's Candies. I think that that's really interesting. How has that changed with different trends etc. But that to me is interesting. As the great Peter Lynch would say, I was so honored that Peter Lynch joined me the day of John Templeton's death. If you have to explain what it is, that's a bad start. You know, it's I'm sorry. Apple, they sell phones. That's I think what they do. One thing has changed though in a big way. And Doug alluded to it just there. The benefits have been that concentrated pool capital of that you can dial on in an emergency. 1800 Berkshire saw that in the financial crisis. The Federal Reserve response time to the pandemic kind of changed the game a bit from on that front, didn't it? They took the front seat on that front. They didn't need to go to Warren Buffett to get his cash. All that cash was down the sidelines and and that window was like this big, this big last a few months. Coming up on the open next hour on Bloomberg TV, Richard Bernstein. Richard Bernstein advises Bob Dolla Crossmark, Sarah Hunt of Alpine Saxon Woods and the CEO, Mary Barra. Take your research to the next level with Interactive Brokers Fundamentals Explorer. Fundamentals Explorer provides comprehensive worldwide fundamentals data to all IBKR clients at no cost.
A highlight from Why MrBeast NEEDS to Adopt Bitcoin | EP 864
"It's all going to zero against Bitcoin. It's going up for everyone. You're against Bitcoin, you're against freedom. Yeah, welcome to another episode of Simply Bitcoin Live. We're your number one source for the peaceful Bitcoin revolutionary, groundbreaking news, culture, and matter of warfare. We will be your guide through the separation of money and state. Today, we're going to talk about the most famous and most successful YouTuber on the face of the planet, MrBeast. And I know what a lot of you guys are thinking. This Bitcoin show, what are we like? Why are we talking about that? Well, we talk a lot about the concept of breaking the Bitcoin echo chamber. Bitcoin content creators and just Bitcoiners in general, we talk a lot about Bitcoin because we love it and we understand how it's going to fundamentally change the world. But what happens more often than not is that we're preaching the gospel to other Bitcoiners. Our challenge is to break through, break through that so -called echo chamber so that the ethos, the ideas of Bitcoin start to seep into mainstream consciousness. We win over the culture. We win over the information war. Our challenge is how do we get Bitcoin culture into the mainstream? That's our battle over the next five, ten years. Corey Clipston, CEO, founder of Swan, wrote the race to avoid the war. It is vital for us to orange pill as many people as humanly possible before the inevitable clash happens between the nation state governments and Bitcoin. You're seeing that with Elizabeth Warren. We have a thread today about the European Union. They're so happy. They announced the rollout of the digital ID that's going to be paired with a digital wallet. Remember how they said that that was a conspiracy theory for so long? That's coming. You have Christine Lagarde, head of the European Central Bank, basically getting all giddy talking about the introduction of the European Central Bank digital currency. You have the Fed now that's being rolled out here in the United States. They just sued Bitcoin magazine for making fun of them, right? So it might seem like it's a big nothing burger. It might seem like noise. But the reality is that as Bitcoiners, we have to break this Bitcoin echo chamber because the reality is that our opponents, right, central banks, fiat money, really, they don't really have the truth on their side. Like if people had all the facts and they're like, OK, you're completely informed. You get to choose between one and the other. Ninety nine point nine nine nine percent of people would pick Bitcoin. Obviously, it's deflationary and it's censorship resistant. Governments are always going to want to censor and they're always going to want to inflate because that's how they pay for themselves. So when we talk about Joe Rogan, we talk about Russell Brand, we talk about Mr. Beast, even though it might not seem Bitcoin related, it's really, really important that these people use their platform because it's a lot of normies, a lot of people that are not necessarily into Bitcoin. And they use their platform to talk about Bitcoin. You've seen Tim Pool do this. You've seen Joe Rogan do this all in a positive light, of course. I'm not sure if Russell Brand has mentioned Bitcoin. And this has all happened because the likes of Max Keiser have done the rounds on these shows. And Max Keiser was telling people to buy Bitcoin since 2013. And they heard this and they chose not to listen. And then the number go up, does its thing. Right. And eventually number go up. You know, it's a very harsh teacher. And then people are just like, you know what? Max was pretty right about this Bitcoin stuff. And then they see what's going on with the government money. And they're like, OK, this is crazy. Now, we did have confirmation that Mr. Beast did mention that he owned one point five million dollars with the Bitcoin on Logan Paul show. So he does have Bitcoin. I don't think he takes it very seriously. But what I wanted to cover today is this legacy media hit piece on Mr. Beast, basically criticizing him for him making a video where he. Made wells and he supplied water, clean drinking water to five hundred thousand people in Africa.
Jared Asch Learns About the Bay Area Council From CEO Jim Wunderman
"We've been talking to a lot of elected officials recently in the East Bay, but today we're going to take a different look on what's going on out here. We're going to be joined by Jim Wonderman of the Bay Area Council. So welcome, Jim, and thanks for joining us. Yeah, thanks, Jared. Thanks for having me aboard. Yeah. So do you want to tell our audience who is the Bay Area Council and what is some of the projects that they've been up to? Yeah, sure. So the Bay Area Council was formed at the end of World War II by government and business leaders of the time, Governor Earl Warren and mayors of the major cities and the Bechtel's, the Kaiser's, the kind of industrialists who really made the Bay Area economically successful during the war. And the war was coming to an end and they said, OK, what's next? And so the Bay Area Council was formed with that what's next kind of question. The first major, major project that I think your audience would be familiar with was the idea was to think about the Bay Area as a region. Back in 1945, people didn't think about the Bay Area as a region. I don't even think there was a Bay Area, really. It was these separate cities and there was a lot of farmland and pasture grazing area. And the Bay Area Council helped people think about this place as a region and how it could develop as one. And one thing we did was we said a region needs a mass transit system. So we created BART. That was a committee of the Bay Area Council said, let's make a mass transit system. And we made BART, legislated it, conceived it, mapped it out and funded it in a three county ballot measure at the time. So we created the Bay Area Air Quality Management District in the 1950s because we had a lot of pollution in the Bay Area. So the Bay Area Council was always about looking at things from a regional perspective. Regional economy, people traveling about, needing to move about, how does one part of the Bay Area affect the other parts of the Bay Area? Kind of looking at the Bay Area holistically. So that's really the gist of what we do. And we created the ferry system of which I chair called WETA, Water Emergency Transportation Authority, that serves the East Bay to the West Bay and now kind of heading south. And with the notion that we want to give people a very kind of choice transit option, but at the same time also see the waterfront as an opportunity for development, not just protection. And we are we're on a mission to expand that system. We've been very successful at it so far. We plan to do more terminals, more locations, more frequent interconnecting service, things like that. So I could go on and on about the Bay Area Council. Housing being a really big issue in any region, we've pushed through, I don't know how many housing bills we've sponsored, but it's a lot even in this last session, several. Getting at what cities are required to do in order to meet the housing demand that exists in the region and in their cities. Some of the mayors listening to this will say, oh, isn't that great? And others will say, oh, so it's your fault, wonderment, that they're pushing this stuff on us. Because in typically cities, there isn't a cacophony of demand for housing in cities. The people who live there already live there, so they're not demanding to live there again. It's people outside who want to get in and there's not enough supply. So there is hundreds of thousands of units behind and supplied. Up until around 1980, we built a lot of housing after World War Two to about 1980 or so. And then we stopped building housing. We made it very laborious and expensive and difficult. And we're paying a price for that because our kids can't afford to live here. We're thinking our kids won't be able to stay. We're going to leave California. They're going to leave the Bay Area. It's just too expensive. So we have to kind of, we get at problems like that, complex, modern day, urban -ish problems. Not that the whole Bay Area is urban by any means. And we're not really an urbanist group. We have as much respect for the suburban areas and the needs of people who live in the communities along the 680 corridor, for example, as we do folks in San Francisco.
A highlight from One Step Closer to Banning Bitcoin Self-Custody | EP 862
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yeah welcome to Simply Bitcoin Live. We are your number one source for the peaceful Bitcoin revolution. We will be your guide through the separation of money and state. Make no mistake, that's exactly what we are living through these days. Pretty, pretty crazy news. Gemini officially announced that they're going to block Bitcoin transfers to and from non -approved exchanges. This is huge news and of course they're following the recommendations by the FATF, the so -called travel rule. This is something that we've been covering for a couple years now because they've been trying to roll it out for a couple of years. And we've been making the case for a couple of years that they were going to use these regulations in order to clamp down on people's ability to take self -custody of their Bitcoin. They're going after the escape valve essentially. Elizabeth Warren last week, because again if you see the news by itself without connecting the dots it's a big nothing burger. But if you connect it to the other news then it starts to paint a bigger picture. Elizabeth Warren was on record testifying in the banking senate committee. She literally said the quiet part out loud. She said that crypto users were using even more sophisticated methods of circumventing sanctions by using technologies such as self -custody. And I'm paraphrasing but that's essentially what she's saying. And she's criminalizing it. She's criminalizing this idea that if the government doesn't have the ability to freeze your money at the flick of a switch, it's a danger to society somehow. Right? The reason that they were able to confiscate Americans gold in the 1930s, the infamous 6102 order, was because of the centralization of gold. Right? You had a large amount of gold, more than likely you custody it in a bank. But what happens when millions upon millions of individuals are taking self -custody of their wealth? It becomes a lot harder for the government to confiscate on a massive scale. And I think that is what this fundamentally comes down to. I think they're using money laundering as a straw man. I think they're using terrorism as a straw man. I think they're using drugs as a straw man. But in reality what they truly want is they want to take away the escape valve. While they continue with the reckless monetary policy that is impoverishing everybody, specifically if you're under the age of 35, their own fiat propaganda is literally telling you you will own nothing and be happy. They don't want you having an escape valve. It's as pure and simple as that. And if you don't believe me, look at their reaction to El Salvador making Bitcoin legal tender. Look at their reaction to the candidate Javier Melí, which by the way is up in the polls. Don't get your expectations up, but I did want to say that.
A highlight from SEC GARY GENSLER CALLED OUT FOR CRYPTO FAILURES!!
"The SEC is having trouble hiring crypto experts, you don't say? And SEC Commissioner Mark Ueda is calling out the agency on their lack of rules and regulations around the crypto industry. Also the UK has released their staple coin regulation ban, and a bunch of NFT goers at the Bored Ape Yacht Club NFT convention went blind? Let's break it down. Welcome 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. Well folks, we've got a report here from Jeff Roberts, who is a crypto editor at Fortune magazine. He said the SEC is having trouble hiring crypto experts because of a rule they must sell all their crypto. He said, would make more sense to allow staff to hold a modest amount. This would also make them better at their job. So the SEC unbelievably is saying you have to sell all your crypto, right? It's not that they have to sell all their crypto, they should obviously have to disclose it and they should understand the technology and be able to use it and test it out. But of course we're dealing with scumbag regulator, Gary Gensler, who's making up all kinds of buddies can come in and take over. Matt Hogan of Bitwise, who I've had on the podcast quite often, he weighed in on the matter. He said, an obvious but unspoken implication of this is that the SEC will be staffed by people who dislike crypto. The only people with crypto expertise and a willingness to divest 100 % of their crypto are deep seated skeptics. This rule enforces a strong bias in hiring. Paul Grewal of Coinbase said, believe it or not, as a federal magistrate judge, I used to have a traffic ticket docket, think national parks, defense bases, VA hospitals. Imagine if the parties had learned a person deciding their auto accident case was forbidden from driving a car. Great points here. Now, Mark Ueda, who's one of the sitting SEC commissioners, and he is a Republican, him and Hester Peirce have both been vocal critics of the agency and on their lack of rules and clarity around crypto, also against many of the enforcement actions. So here's the headline, SEC should consider proposing rules to regulate crypto, Republican commissioner says. So I'm glad Mark Ueda is coming out and saying these things because it can't just be Hester Peirce. And right now, for the most part, it seems like Hester Peirce is outnumbered. So Mark needs to be more vocal, I'm glad he is speaking up. So here's a quote from him, unfortunately, the SEC did not take this approach and instead is pursuing a case by case approach through enforcement actions. As a result, it will take years to reach any type of legally binding precedent as matters will need to wind their way through the courts before reaching the court of appeals level, Ueda said on Monday in prepared remarks in London. So I hope he continues to speak on this, to show the agency is not in a good place, they are not providing clear guidance, they are operating by regulation by enforcement, which is really asinine. While the rest of the world is moving ahead, providing clear regulations. Now Eleanor Terrett of Fox Business highlighted the following, she tweeted, the House Appropriations GOP financial services and general government bill is up for vote before the rules committee at 4 p .m. Eastern before it heads to the floor. It includes an amendment from Tennessee Congressman Representative Tim Burchett to reduce the salary of SEC Chair Gary Gensler to one dollar. It also includes an amendment to defund the SEC for crypto enforcement. So shout out to Representative Tim Burchett, who's bringing the fire here on Gary Gensler. And we got to do these things, folks, to put some pressure. Gary Gensler should be fired and the SEC needs to be revamped. Congressman Warren Davidson has put out a bill, of course, that would revamp the entire structure of the SEC to make it less political and to make it more efficient. So let's see where this goes. But I love that these bills are coming out more pressure on scumbag regulator Gary Gensler. Now here's an interesting update around the Federal Reserve, and it just speaks to government and the lack of knowledge and education in government about crypto. So Matthew Seigel, who's head of crypto research at VanEck, he said, I met a Federal Reserve crypto researcher at a conference last week. He doesn't own any digital assets. He's not allowed to and didn't understand the difference between an exchange and a custodian. Folks, I'm face palming right now. I know you can't see me. And if you're listening on a podcast platform, trust me, I'm face palming right now. He doesn't understand the difference between an exchange and a custodian. God help us, right? These are the people who are trying to regulate crypto and putting out rules and recommendations and papers and so forth. It's unbelievable. But I know there are folks working to help bring education to Congress, and that is blockchain association, the Chamber of Digital Commerce and so forth. So we'll see, folks. We got a lot of work to do. This is why we have to use social media to our advantage to keep tweeting out, sharing the facts and exposing lies and false information like from the likes of Elizabeth Warren and others. Now, the juxtaposition of that is the UK's Bank of England releases stablecoin regulation plan. Remember, the UK had passed crypto regulations, so did the EU. So the US is lagging behind. And folks, stablecoins are going to be part of the token economy and will be a big part of how people transact. So there needs to be regulations. And we're seeing here in the United States, the SEC sending a subpoena to PayPal over their stablecoin, right? It's unbelievable what's happening. So the United Kingdom Central Bank, the Bank of England, has released a plan to govern the stablecoin market. The BOE and the Financial Conduct Authority plan to follow the rules released by the UK government last week to oversee the digital asset industry. As per the UK government's proposal, regulations for fiat backed stablecoins will begin in early 2024. As per the paper, the BOE will regulate systematic stablecoins while the FCA will govern the larger crypto market. UK Prime Minister Rishi Sanak had announced that he wants the nation to become a crypto hub, introducing clear rules for digital assets and crypto firms falls within the UK's goals. The UK's latest plan follows the European Union and Japan's similar moves. Folks, I love that crypto is not a specific asset class to the United States. So even though we're dealing with scumbag regulator Gary Gensler and all kinds of idiots in the government who have not educated themselves, the market will continue to grow and expand globally. So we can at least put our hope in that. Now we got some really weird news coming out from the Bored Ape Yacht Club and full disclosure, I don't own any Bored Ape Yacht Club NFTs, but apparently they had an NFT convention and there was some UV lights and folks who were blasted by this prolonged UV light went blind apparently. So, I mean, this is just wild, right? I don't know what to make of it, but just so you guys know, I don't know if any of you went to any of these conventions or this convention, I should say, but, or, you know, somebody who went to this convention, but this is just some wild news coming out of 2023. So heads up on that folks, I want to end it by highlighting our sponsor and that is Uphold, which is a great crypto exchange this month, they're giving away 50 ,000 XRP. All you got to do is complete at least $20 in trades to be eligible to win and Uphold is a great platform. I trust them. I've been using them since 2018. So if you'd like to learn more, please visit the link in the description. Thank you.
Monitor Show 06:00 11-06-2023 06:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Future of law. Visit Bloomberg law dot com. Up next, we'll get the latest on military and diplomatic efforts in the Israel -Hamas war. Plus, is it slow and steady with the rates for the Fed? It's coming up in our 6 a .m. news. Hour 2 of Bloomberg Daybreak starts now. Secretary of State Antony Blinken visits Turkey and Baghdad. Donald Trump takes the stand today at his civil trial in New York. And Warren Buffett hoards cash in Berkshire Hathaway's latest quarterly report. President Biden announces money for the long -awaited Gateway project. Plus, check your children's fruit pouches. Here's a recall. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. Another rough day for the Giants. Blown out by the Raiders. Daniel Jones injured again. The Jets tonight host the Chargers. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on Bloomberg Radio dot com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And futures this morning are higher. S &P futures up two tenths of a percent or so.
Monitor Show 05:00 11-06-2023 05:00
"Investment Advisors. Switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Monday, November 6th. Coming up today. Israeli troops encircle Gaza City and say they've seized the Hamas base. We bring you the latest from Israel. Diplomatic efforts continue as Secretary of State Antony Blinken visits Turkey and Baghdad. Donald Trump takes the stand today at his civil trial in New York. And Warren Buffett hoards cash in Berkshire Hathaway's latest quarterly report. President Biden announces money for the long -awaited Gateway Project. Plus, check your children's fruit pouches. Here's a recall. I'm Mikey Barr. More ahead. I'm John Stash, Aaron Swartz. Another rough day for the Giants. Blown out by the Raiders. Daniel Jones injured again. The Jets tonight host the Chargers. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are higher. S &P futures up to tenths of a percent, about 8 points. Dow futures, little change. Nasdaq futures have a quarter percent, or 37 points. And the 10 -year Treasury yield, 4 .58 percent. Nathan? Karen, we begin with the latest on the war. Israel's military says its ground forces have now encircled Gaza City and taken control of a Hamas base. We get more from Bloomberg's Paul Wallace. They stepped up.
A highlight from Begging for bubbles
"Hello and welcome to LectureCast, my name is Brian Crossguard, here with the one, the only Josh Olszowiec. Mr. Brian. Josh, how you doing, man? I'm fully engaged. Training goes on. Fully engaged. Fully engaged. That is a readiness state I wasn't prepared for. We have charts on my end that are - Yeah, you did preparation. I'm impressed. I did not. That's okay. But you encouraged me to look up some stuff that I want to talk about on the show. We're going to talk about bubbles today because I titled it Begging for Bubbles. Well, you mentioned my moving average video and clearly that just set off - Listen, I just need the price. I need the price to separate from the fast moving averages and the slow moving averages to the upside, of course. We need some bubblicious behavior. And listen, if you're feeling some FOMO, don't worry, you're not alone. You're just like Isaac Newton. We were talking about people who had gotten fleeced in bubbles and I really enjoyed this one. Even smart people struggle with FOMO. Isaac Newton invests in the South Sea stock, exits with the profit, then his friends get richer than him and then he re -enters with a lot of money at the top and then goes broke. I don't know. A year later. It's almost like the investor sentiment chart or Wall Street cheat sheet. It is except for the whole re -entry component and he's just like you. So if you're feeling FOMO, don't worry, there'll be other trades. There'll be trades. Take your time. I was going to ask you this too. What do you think is the most important thing about trading? Trade management. Discipline. I'd go even more basic. I'd say just make sure you have a seat at the table. There's always another trade. Yeah, yeah, yeah. Don't go broke. So that's part of trade management, right? Don't blow up. Yeah, it is. Don't blow up. Like the Solana stuff, we can talk about Bitcoin in a second, but Solana with the 45 and all you had to do was wait, you know, all you had to do is be patient. And you had your entry. I think it was a great setup. Most of us paying attention caught that. Same thing with LINK, right? It was hard to mis -trade that, I think. I hope, but I don't know. We looked at LINK for... Everybody looked at LINK. I thought. I don't even like the token. Anyway, I don't like Solana either, but that's another conversation. Point is, there's always another trade. There's always a trade somewhere. Be patient. Pick your battles. Be super choosy and look for specific stuff, right? If you're looking for a fastball, don't swing at a curveball, you know? Oh, baby. Speaking of baseball, did you watch the World Series at all? I did. I didn't. I saw it was the lowest rated World Series in history. Dude, what happened to frickin' Twitter's pasting URLs on to TradingView? I used to be able to do that. Oh, I have my drawings turned off. There it is. Classic. Oh, yeah. You knew what I was looking for. Yeah. I mean, look at this. I've pasted it on here like 17 times now. There we go. Do it one more time. There we go. Look at this. I mean, beautiful. I mean, the divergent top. Arthur, what are you doing, man? Well, I woke up and saw that and I was like, what? I hope he's kidding. Like, I hope he's not just now buying all the way up here. Sometimes I wonder, like, did he really buy back here and then he's just, like, saying this stuff at the top? I don't know. He seems too smart for this. But has he a great success of calling tops when he does these types of tweets. Yeah. That was in the high 40s, wasn't it? Yeah. I mean, this is an hourly chart. It was literally, like, 45 bucks. Yeah. Yeah. That didn't make sense to me. So, I hope he... He's immediately down 20 % if that's where he bought. I hope he's a little joking around with that, but maybe not. I don't know. But long term, like, that entry is probably fine. If you're trapped, quote, unquote, trapped in a spot position, I think you're fine. But you're holding for a while. If you're in a leveraged position, I think you're sweating it a little bit. You're not good. Your entry is 45. Yeah. The thing is... Tell us what the thing is. How many days was this? Let's just say from the breakout. You entered the day after to today. Two weeks. For two weeks, Solana, like, traversed this range. I've had this range for a long time, this 25 to 50, basically, 25 to 47, 50. That was the old range before FTX blow up. And then it spent a long time below that on its way to eight. And so, it got back in the range and then floated right back to the top of it. Why would you buy it at the top of that range? I really hope that wasn't the case, but maybe he's got a different time horizon. A lot of people... I'm not just calling out Arthur. A lot of people were feeling FOMO. I haven't really seen anybody on Twitter talking about anything. I don't know if that's just because Twitter's broken or what, but... I feel like a lot of people have been talking about the move that we've had over the past week or so. I haven't seen anybody saying, like, Sol, the 500. I haven't seen any of that stuff. No, not Sol, the 500. It's more like just, I told you so type stuff. Maybe you don't follow Z. Who's that? He's... I don't know. Maybe all my friends are liquidated. I don't know. I just... Handsome. Handsome. I call him Z. No, I haven't. I don't know who that is. Sorry. You're missing out. He's got a good call. He's going off about Coinbase now. Coinbase is at 200. His handle is BlackNoise06, but with a different spelling. He's a good trader, and he's been early on some of these, like, loud beliefs of something's going to happen. I mean, what? We said... Maybe he's just been talking about Solana so much that I'm like, everybody's talking about Solana. It's really just Ansem retweeting it, like, 35 times. Okay. I mean, we said what? Bitcoin, 28k was the level. I don't know if we said it on here, but 25 was the level for Solana. These are just horizontal levels, right? They're not like anything crazy. Yeah. I talked about this, I guess, on Bankless. Just like... The benefit we have right now is we're neither at all -time lows nor all -time highs, so therefore there's horizontal levels that you can compare it to, and you can just trade level to level based on daily, weekly closes, whatever floats your boat, and play it that way. If you're trying to really risk off and take it one trade at a time or whatever, if you're not looking at things with a longer -term lens, you can do that. What I would say right now is goodbye. Buy the retest at 30k if you get it. That would feel rough for a lot of people, 15 % drawdown, but if that occurs, that would be a good entry, right? I don't know what people are waiting for. I guess you're waiting for a COVID -style drawdown, because what's next in the economy? What's it going to take to bring Bitcoin back down is the question. If you're waiting for an entry still... A little bit of bad news, some kind of regulatory thing. There's plenty of things that can pull you back 15%. We can go to 30. You mean we're going to all -time lows type stuff, or not all -time lows, but multi -year lows? No, I'm just asking, if you haven't allocated or whatever into Bitcoin yet, what are you waiting for? Are you waiting for a yearly low? Are you waiting for 15k? Is that what people are waiting for? I don't know, I can't get in the head of bears. It's hard for me. Because we've got halving in less than six months, ETF in less than six months. Unless you just assume those things are priced in and or are bearish. I don't know. I don't know what you're waiting for at this point. I'm not saying we won't go lower, I'm just saying like, what is it going to take, you know? Yeah. If you're trying to think of... It's hard when these are hypothetical people of who's not deployed or whatever. But what would you be waiting on? Wouldn't you be looking for re -entry opportunities where you appear to have value? I mean, I don't think there's that. You think there's a lot of people in our ecosystem of active participants that expect like new multi -year lows? Or do you think most people are looking to just accumulate a little cheaper, if they're not all the way in right now? I just haven't seen enough to even gauge what sentiment even is, on Twitter at least. There's this macro out the yin -yang on Twitter, but I haven't seen too many people discussing crypto targets. I just haven't. Maybe I'm just following the wrong people, but... Yeah. Well, thankfully, the legacy media is kind of avoiding us right now, at least in terms of price action. They're all focused on Sam getting convicted, which he did. People, I'm sure everyone's seen this, but SPF was found guilty on all seven counts of, I don't know, different types of fraud. Well, that's the thing. You have a legacy media saying, I told you so about Sam, some of them, and the other half of them... Meanwhile, Bitcoin's up 100%. Right. They're saying, I told you so, crypto's dead, it's all a Ponzi. And I'm like, what? Am I living in a parallel universe? Am I looking at the wrong chart? So by the time they wake up to the fact like, oh, Bitcoin's at 50K. What happened? I thought it died. You know? SafeMoon people were arrested. Yeah. Good point. Oh, yeah. Lying on a what? It said SafeMoon guy was arrested yesterday. I saw they brought charges. I didn't realize they arrested anybody, but Josh, I mean, who would have thought? You named something SafeMoon, and it turned out they didn't have the best intent. Well... Apparently, it was even quite egregious. So I've heard, I don't know anything about their charges, but it's more than, we created a coin and we want to sell it. It was sneakier. They have had more egregious levels of crime they wanted to commit, I guess. I don't know. Anytime someone, it's like hex, right? Anytime someone tells you they're going to lock up tokens for X number of years and give you yield and no. SafeMoon. Can we just remember what happened last cycle and not repeat that this cycle? We just all collectively say we're not going to do that shit again, please? Yeah. But it keeps not your coins. If yields are higher, then the risk -free rate in the United States is probably not real. Okay. And what else did we learn? You know what is on the up and up right now? You tell me. Crypto books are coming out left, right and center. Like real books? Yeah. Like people are interested in the crypto story, the crypto boom and bust. We talked about the... Well, I think if you're not in it and you don't have a podcast empire like yourself, it's fascinating. Like I have real friends who they've been reading them like the Michael Lewis book, for example. And I kind of roll my eyes at that one. But buddy of mine that owns a local bookstore was telling me he kind of liked the Number Go Up. I think it's what it's called. Number Go Up, I think is what that one was called. So that was pretty good. More of a skeptical lens. But I saw another book. I think it came out like at the same time as The Conviction. And yeah, the outside world is interested in the story, but they are disinterested in the price action. And I find that fascinating. That's a good sign, I feel like for crypto. Well, people are still telling them it's for criminals and going to blow up. And don't I know what I was going to say about Solana relative to SafeMoon. If Solana pops off, they got to dodge some regulatory heat from the SEC or settle or something. Yeah. And I think that kind of stuff could definitely affect, especially, the altcoin landscape for how aggressive do regulators want to be in terms of who they go after, how they go after them. What's the expectation? Even in light of Ripple winning a huge portion of its case, I don't mean it's a free for all. No. And it doesn't mean Solana gets a free pass either. Or DeFi. DeFi. The UK wants to destroy DeFi. So does the United States. We need to stay with Bitcoin legislation. We don't have that either. There's an Elizabeth Warren video going around about basically just self -custody should be illegal. That was the moral of the story of our video. And the SEC just went after PayPal for their stablecoin. Yeah. What's that about? Well, you got to wonder, didn't they see that coming? I don't know. I don't know if they launched that thinking we need to be a part of the conversation. I don't know. It doesn't make any sense to me, but good for them for fighting the good fight, I guess. Should we talk about the list I made? Yeah. I made this list. It's going to trigger people. Josh prepared a list. I just usurped it and started talking about random crap. Trigger warning. Okay. Okay. It's talking about politics, religion, and war. Let's go. I didn't even know those things were on the list. Let's hear it. I think you have to have some sort of opinion about this stuff because it's related to markets, you know? I think you have to have an opinion. So this week... Where are we starting? We'll start with macro because we had a ton of macro stuff. I don't know if we need to explain each little thing here, but the UJ, the Bank of Japan, they stopped their yield curve control mechanism and let UJ weaken further or strengthen further. And potentially that just means they're going to stop selling United States Treasuries potentially. There was also bullish news on the refunding announcement that they weren't adding a bunch of long -term debt. They're going to veer from their historic plans of like 22 % short -term and go above that. So that made yields really happy. That made TLT get excited. This was before unemployment. You mean it made bonds happy? Yeah. Like yields went down, bonds went up. Right. Yeah. Right. Because the narrative before that was, hey, they're going to issue all this debt. It's going to be long -term because it has to be, because that's what the historical percentages were, blah, blah, blah, whatever. They're deviating from that. Okay. So that's maybe good short -term, but long -term, maybe not so much. I don't know. It depends on your viewpoint there. But then we had the Fed come out and say they're not going to raise rates. Rates probably topped for now. Again, that's like reading tea leaves and Rorschach tests. There are people saying the Fed can't hike anymore, they're done, but that's going to go out of control. You keep reading the list while I show the charts. Sure. Yeah. So 30 -year came way down. 10 -year came way down. I haven't checked the yield curve. I'll pick it up in just a minute. Basically all this is relevant because of its relation to risk -on -risk -off sentiment. It's certainly relevant for TLT, but then today we had unemployment. And you got to remember bad news is good news for risk because risk wants rates to come down. I don't think risk wants a recession, but I think the quicker we get there, the better. If we get there, again, you hear people on both sides of that argument, whether or not this is actually headed for a recession or not. It certainly feels like we are, but unemployment ticked up to 3 .9%. Job numbers were 30 ,000 less than expected. But if you consider the striking numbers, that actually evens out to reaching expected 180K. Anyway, point is bad news was good news. Dollar's way down. Yields are way down. And non -crypto risk markets are up on the news. So kind of a shift in the very near term, it's a shift. Long -term I think we're still in trouble because of the debt spiral, but high long -term yields have come down. Go ahead. Lining this up, if people aren't familiar with what's happening on this chart, the yield curve is inverted when it's red, and then the area filled portion is essentially how wide is the spread between the two and the 10. So we could be facing a scenario where yields are starting to go down, and then you create the, you uninvert as yields go down and start to see the spread widen and yeah, kind of a steepener effect. Historically, we get a recession after the un -inversion, unemployment also goes up after the inversion. I mean, this looks, there's a few recessions on here. This chart doesn't go back before 1988, so it's not that useful. Well, I don't think with the recession stuff, like why are we afraid of that happening? You know? Of a recession happening? Yeah. Like it's part of the business cycle. It's part, it's like life and death. You know? I don't know. It's like, we're afraid of talking about death. It's okay. You have to choose recession versus, you know, like sustained 8 % inflation. Most people would choose recession, or not most people, but like the holistic body would choose recession because they'll say, I'll be fine. It'll be other people, but I don't want inflation to be that high. Well, you're either in the camp that we're too restrictive, inflation's already come way down, enough's enough, bring rates back down, or you're in the camp that, hey, we're not to our 2 % target yet, PCE is still elevated, CPI is still elevated. All these other metrics still elevated and unemployment is still quite low. That's the other side of that coin.
A highlight from 1450: I Expect Bitcoin ETF Approval By End of Month
"In today's show, I'll be breaking down the latest Bitcoin technical analysis. Also, Sam Bankman freed. He is found guilty on all seven charges in the FTX fraud trial. Quoting Max Kaiser, tough talk when it comes to the minor league drug Adderall ish corner like SPF, but where's all the bravado when Jamie Diamond gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? He makes great point. Also in today's show, Bitcoin to the moon. Send it. I'm going to be sharing with you the top five Bitcoin price predictions for twenty twenty four and beyond. That's what's up. Also, the latest from Cathie Wood of ARK Invest, also a twenty seven hundred percent Bitcoin price explosion is incoming courtesy of one catalyst, according to the BitMEX founder Arthur Hayes. We'll also be talking about breaking news. The Valkyrie CIO expects the spot Bitcoin ETF approval before the end of the month. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts dot net. Welcome, everyone. Today is podcast episode number fourteen hundred and fifty. Can you believe it? I'm your host, JV, and today is November 3rd. Welcome to Moonvember of twenty twenty three. Let's kick off today's show with our market watch as we do each and every day. We got Bitcoin up about a quarter percent, hovering just under thirty five thousand. We have Ether up point three percent trading at eighteen hundred dollars. Cardano, one of the top gainers, up five and a half percent and also XRP barely in the green. And if we are in doubt, they say you need to zoom out. Let's look at the one month. Wow, that's much more sexier, isn't it? Now we have Bitcoin up twenty seven percent for the month. We got ETH up about 10 percent. Solana is up almost 70 percent. Cardano up twenty three percent. XRP up fourteen percent. BNB up seven percent. Personally, I love it when everything in crypto is a winner. It don't get no sexier than that. And look at Chainlink up fifty two percent for the month. Good lord. And check it out. Coin market cap percent in just under one point three trillion with about forty five billion in volume in the past 24 hours. Bitcoin dominance pulled back a little bit, currently at fifty two point seven percent, and the ether dominance in the 16 percentage range for the first time I have ever seen that I could recall. It's currently at sixteen point nine percent as Bitcoin dominance continues to outpace the rest of the market, especially Ethereum. And checking out the top one hundred crypto gainers of the past twenty four hours for chain up fourteen and a half percent trading at three dollars and twenty cent and Oasis Network up twelve percent trading at six point two cents, followed by the trust wallet token up almost twelve percent trading at a dollar twenty three and checking out crypto bubbles so we can see the top gainers for the past week. Massive shout out to Emilio. I appreciate the super chat. Fam, you're way too kind. Much love, much respect. He just said you are amazing. Nah, I think you're amazing. And I appreciate the orange so we can orange pill more mofos and help change the world. Let's freaking go. Much love, fam. But as we can see on the crypto bubbles on your screen, we got a lot of gainers overall. That means the market cap is pumping and a rising tide rises all ships and checking out the crypto greed and fear index. We're currently rated a sixty five in greed. Yesterday was a seventy two last week, a seventy and last month a forty nine, which is neutral. So there you have it, my fam. What's your thoughts on the current Bitcoin price action? Let me know. Are you pumped up for Moomvember? I sure as hell am. Let's dive into our Bitcoin technical analysis for the day. Check out the charts with a Bitcoin price action is likely to go next. Bitcoin broke below thirty five G's baby after the November 2nd Wall Street open, as analysis warned of overheated derivatives. As you know, derivatives are financial tools of financial destruction. Yeah, for real. Now Bitcoin under does the post fed gains. We're currently tinkering just under that thirty five thousand, which is now back at a resistance. The highs had come on the back of the encouraging language from Jay Powell, the chairman of the Federal Reserve, who in a speech suggested the interest rate hikes might soon end. Now, the Fed opted not to change the rates at the latest meeting on the Federal Open Market Committee, which was November 1st quoting their press release. Recent indicators suggest the economic activity expanded at a strong pace. In the third quarter, job gains have moderated since earlier in the year, but remain strong and the unemployment rate has remained low. Inflation remains elevated and accompanying press release stated. They also shared here that the U .S. banking system is sound and resilient. Sure it is. Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation. The extent of these effects remain uncertain. The committee remains highly attentive to inflation risk. We all know they're full of ish, right, to say the least. And quoting crypto analyst, Bitcoin breaks out, reaches a new yearly high, which is currently just shy of 36 G's. Now, not a massive breakout, but as long as we say above 34 .8, which we currently are, the next target is 36 .5 to 37 ,000. And the altcoins will follow after, which is typically what seems to go down. Now, down over a thousand from its highs. Bitcoin was worrying some with derivative markets, particularly in the focus, quoting Charles Edwards at Capriole Investments. All Bitcoin derivatives markets are overheated at present. This captures the perps, futures and options. Stay safe out there. And also, we have reacting popular trader school agreed that arguing it was now the spot market to charge of saving the Bitcoin price strength, as he shares here, something to be aware of when sizing up positions currently, when derivatives get hot. This puts increasing focus on spot market to support the current prices and the trend. That's right. In his own analysis, we also had material indicators concluding caution should be applied to the current Bitcoin trading environment, meaning expect more volatility ahead and uploading the snapshot of liquidity on the Bitcoin order book for the largest global exchange, Binance. It warned support levels were apt to disappear quickly. A form of a rug pull. So you have been warned. Newcomer support gaining liquidity at this time lay at both 34 and 33 .5. So there you have it, fam. Again, how many of you are currently bullish on that? King crypto. And with that being shared, now let's discuss our next story of the day. The latest from Michael Saylor. He was recently interviewed on the news and shared some very positive sentiment in the Bitcoin market. Also, he has been a dollar cost averaging and stacking stats. This week, the Bitcoin price came within a hair of thirty six. I think we hit like thirty five nine ninety during our watch party before abruptly reversing and correcting to thirty four to fifty. But after nearly a 30 percent run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalyst for the rally remain valid. Now, despite the intraday price action, which saw almost five percent drawdown, a number of analysts remain bullish on Bitcoin naturally, and some expect another gamma squeeze. If the Bitcoin price manages to push through the thirty six three hundred level, we're only like four hundred dollars off of that right now. Just FYI, permables like MicroStrategy CEO Michael Saylor appear unbothered by the whipsaw price action. And on November 1st, MicroStrategy announced the October purchase of one hundred and fifty five more Bitcoin for five point three million. As the outlines here in October, MicroStrategy acquired additional one hundred and fifty five BTC for five point three million bucks, now holding one hundred and fifty eight thousand four hundred BTC like, whoa, and what's the most mind boggling? Saylor didn't even get into Bitcoin until twenty twenty. So it goes to show you someone can come here in twenty twenty three and become an even bigger whale than Michael Saylor. In fact, the likes of the Black Rocks of the world put Michael Saylor to shame because we're talking about mega mega mega whales on a massive scale. And when asked about the upcoming Bitcoin having during an interview on Squawk Box, here's what he had to share. Most of the natural sellers of Bitcoin in the market right now are Bitcoin miners and they have to sell to cover their electricity bills and capital costs and retire their debt. That's about a billion dollars per month worth of selling into the market. The protocol forces that to be cut in half as of next April or late April. And he also says, so you're going to see twelve billion bucks of natural selling per year converted to six billion of natural selling a year and at the same time as things like the spot ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 months. How many of you are bullish? Let me know. Demand is going to increase and supply is going to contract. And this is fairly unprecedented in the history of Wall Street. That's what's up now is a pretty ideal entry point for Bitcoin, according to Saylor. Also, he was recently interviewed and I actually transcribed this video clip when he was speaking on Squawk on the street. And I feel this is very relevant. Here's what Saylor says for the industry to move to the next level. We need to migrate to adult supervision. We're going to need the big banks to become the crypto custodians. We're going to need Wall Street to take a role and we need to rationalize away from the one hundred thousand crypto tokens. You know, the yo yo coins that people are manipulating to Bitcoin. Bitcoin is an asset without an issuer. It is the one universally recognized protocol that is a commodity in the space. And so when banks on Wall Street and responsible custodians are managing Bitcoin and the industry takes its eyes away from all the shiny little tokens that have distracted and demolish shareholder value, I think the industry moves to the next level and we 10x from here. Now, what's another 10x from the current price action we're talking about roughly? What is that? Three hundred and fifty thousand dollars per BTC. Send it and let's frickin go. Also quoting him here, I think the liabilities or the early crypto cowboys, the crypto tokens, which are unregistered securities, the unreliable crypto custodians for the industry to move to the next level. We're going to need to migrate to adult super vision. And I shared with you the rest of that quote. So there you have it. Let me know if you agree or disagree with the one and only giga Chad Michael Saylor. Next story of the day. This is breaking news. SBF has been found guilty in all seven fraudulent charges. Yeah, this is wild. Yeah, here we go. I'm going to read all this to you. Former FTX CEO Sam Bankman Freed was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberations, meaning it didn't take long. Bankman Freed was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. Good Lord. That's a lot of charges and it's just getting started. He'll be back in court in March to continue with some more charges to probably get guilty of. We'll return to the court for sentences by New York District Judge Lewis Kaplan March 28th. So that's the date is right before the having. Government prosecutors will recommend a sentence, but Judge Kaplan will have the final say. Now, Bankman Freed's crimes each carry a maximum sentence of between five and 20 years in prison with the wire fraud, wire fraud conspiracy and money laundering conspiracy carrying a maximum of 20 years sentence in a press conference outside the court, the New York Southern District U .S. Attorney Damian Williams called Bankman Freed's crimes a multibillion dollar scheme designed to make him the king of crypto, right? The Michael Jordan of crypto, the Warren Buffett of crypto and of one the biggest financial frauds in American history, Bankman Freed's attorney Mark Cohen said in a statement, we respect the jury's decision, but we are very disappointed with the result. Naturally, Mr. Bankman Freed maintains his innocence and will continue to vigorously fight the charges against him. Anyone here in the chat. We have over 200 people in the live. Anyone believe he is innocent? I am just curious if there's any outliers out there. Anyways, other key FTF execs, including former Alameda CEO Caroline Ellison, FTX co -founder Gary Wang and former engineering head Nishad Singh have all pleaded guilty to various charges and work with the government to testify against Bankman Freed in the five week trial. Now, Bankman Freed had pleaded not guilty to all the charges. And during his trial, he took the stand to maintain his innocence against the best wishes of his lawyers who told him to shut the what up, just saying, and marking the FTX November 2022 collapse as a number of big mistakes I made. He denied any wrongdoing in the FTX relationship with Alameda, attempting to distance himself from key decisions, which we all know is not true, according to the testimonies of their execs, Bankman Freed pinned the blame on Gary Wang for creating a function that allowed Alameda to trade funds on FTX that it didn't have and claimed he wasn't entirely sure what happened. Oh, I don't know what happened with Alameda's line of credit, which ballooned to billions in the collapsing crypto market of 2022. In his testimony, he also blamed Caroline Ellison for not focusing on risk management. How are you going to blame your ex? That's just why. Anyways, he didn't believe he defrauded FTX customers by taking over eight billion worth of their funds. Instead, he framed it as Alameda just borrowing from the exchange. Yeah, borrowing from investors without their permission is called stealing. I just wanted to point that one out. Now, Max Kaiser responded to this attorney who spoke out and he said, this is tough talk when it comes to the minor league, the drug Adderall ish coiner like SPF, but where's all the bravado when Jamie, the tapeworm diamond, the best the CEO, JP Morgan Chase, gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? You talk a good game, but you're no different than SPF. And I think Max makes some excellent points. The big dogs get away with this all the time, of course, but clearly there's levels to this ish, if you know what I mean. Now, what are your thoughts surrounding this case? How do you think this will likely continue to play out in March as they continue with the court trial facing more charges he's up against? Let me know, fam. I appreciate that. I got some very bullish predictions to share with you. In fact, I'm going to be sharing with you the top five Bitcoin price predictions for twenty, twenty four and beyond. Bitcoin continues to circle its highest levels in 18 months. Again, the annual high for the year is currently almost thirty six thousand dollars, but let's dive right into the predictions. First and foremost, Matrix Port predicts forty five thousand within two months. So two months from November would mean January. I could definitely see Bitcoin hitting forty, fifty thousand easy peasy before the halving. But let me know your thoughts. Now, that prediction came from Matrix Port, the crypto trading firm founded by Jihan Wu, himself a founder, a Bitcoin mining giant Bitmain in a blog post in late October. Matrix Port doubled down on a forty five thousand year end price targets. That's the Christmas target. Let's go, Santa, which is initially revealed in January. It was based on a handful of in -house models with Matrix Port also successfully predicting Bitcoin's October gains. Quitting them here, Bitcoin is breaking above the July thirty one five resistance showing that forty five is achievable by the year's end. And again, I think that's a very doable target. But let me know your thoughts. The next prediction comes from Bitcoin. They say new all time high pre halving. I also agree with that, especially if we get the ETF approval. I would anticipate above and beyond sixty nine thousand before the April twenty twenty four halving, but that's only if you know what I mean. We'll see how this plays out. The halving is a watershed moment. We all know the blocks of subsidies get cut in half for the miners in September. Bitcoin stated Bitcoin would surpass its current sixty nine thousand peak before April of twenty twenty four. Now they shared here, no, Bitcoin is not going to top before the halving. Yes, it's going to reach a new all time high before the halving. No, Bitcoin is not going to one hundred and sixty G's because the magnitude of every pullback is large. This means it'll peak after the halving in twenty twenty four. And yes, the target price is around two hundred and fifty thousand dollars. I love that. That's right in alignment with Max Keiser's short term target of two hundred and twenty thousand. Now, they also shared this chart. Both the all time high and the post halving two hundred and fifty thousand target came courtesy of the Elliott Wave theory charting, which we cover commonly here in the show with Bitcoin mimicking the behavior from the previous cycles. And you can see their estimation of how the Bitcoin price is likely to rise is coming directly from Bitcoin. Now, Bitcoin did, however, make room for a total of four pullbacks. As outlined in this chart, you can see one, two, three, four. Before we hit the peak at five, quoting them here, there will be one pullback before breaking to a new all time high, followed by another pullback at around one hundred and twenty five thousand. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here. Now for the next one, three Bitcoin price models, one hundred and thirty thousand dollar target zone. That's right. Let's freaking go. Quoting CryptoCon here, I'm prepared for the lower prices, but the stars are aligning at one hundred and thirty for the Bitcoin this cycle. And the concept also hinges on the halving events and the next peak should come around four years after the sixty nine thousand dollar move in November of twenty twenty one. We all know everything is cyclical and Bitcoin every four years driven by the halving. Now the one million dollar question. How about a one million dollar Bitcoin price target leads us to Kathy Wood of ARK Invest, the CEO and chief investment officer, has joined former BitMEX CEO Arthur Hayes in doubling down on her seven figure price prediction when this could happen, understandably up for debate. But changing macroeconomic tides have emboldened what remains a daring Bitcoin price prediction. In October, Hayes maintained that the path to a one million dollar coin was in full effect thanks to the macro reality. Now quoting BlockWorks on the Margin podcast right here, this was shared actually on an interview. If people lose faith in the bond market and this fiat artificial construction we have created over the past 80 to 100 years, this global economy and how it has been structured, if we lose confidence in that, then the amount of money that's going to be looking for an alternative is going to be something that we have never seen before. He shared over in an interview and speaking of Kathy Wood, she was just on Bloomberg and here's what she shared when she was asked, what's a better hedge against inflation? Is it Bitcoin or is it gold? And very boldly she said, Bitcoin hands down, hands down is a hedge against both inflation and deflation. Yes, so is gold, but Bitcoin is digital. And if you look at the incremental demand we are going to see, but gold already has its demand. You know, it happened already, right? Bitcoin is new and institutions are barely involved in the young people would much rather prefer to hold Bitcoin than hold gold preach. So it's interesting that both gold and Bitcoin are hedges against deflation, but Bitcoin has been doing better recently preach and Bitcoin naturally will consider outpacing gold. I think it was Max Kaiser who said for every dollar, the Bitcoin price action increases. I'm sorry for every dollar, the gold price increases expect Bitcoin to go up by over $20 meaning it will continue to outpace gold by a factor of 20. Let me know if you agree or disagree fam. And we spoke about Kathy Wood and her a $1 million price prediction. In fact, she even has a bullish case scenario by the year 2030 of Bitcoin hitting $1 .48 million. Keep that in mind. But now let's discuss Arthur Hayes, the BitMEX founder predicting Bitcoin price to rally 2700 % taken us to $1 million per coin. And then we'll dive into the latest updates with the likelihood of the spot Bitcoin ETF being approved this month in November. According to the major asset manager, here we go. BitMEX co -founder Arthur Hayes is doubling down on a prediction. The Bitcoin is destined to reach the seven figure price. Hayes says that a monetary policy tool known as the yield curve control will act as the catalyst for Bitcoin to reach that 1 million Mark, a gain of around 2 ,700 % from the current level. Send it, let's go. Central banks use the yield curve control to influence the longterm interest rate level by buying longterm bonds as much as possible to prevent the rate from rising above the intended target. And according to Hayes, the entire U S government is enabling a loose monetary policy environment. Even as the fed continues tightening. Now the BitMEX founder first predicted seven figure Bitcoin earlier this year in March in that essay, which I covered here on the show. And at the time, he argued that China's loosening of his monetary policy would trigger Bitcoin to explode to $1 million per coin. Hayes also says the decision by the fed mid this week, uh, pause the rate hike interest rate suggests it's time to pump it up, pump, pump it up. And according to the BitMEX founder, the feds decision would trigger other central banks to also ease their monetary policy. Quoting him here over to you, BTC, let's go. I shall increase the pace of my rotation out of treasury bills and into Bitcoin and ish coins. Now that the fed had paused over two meetings, every other central bank has cover to print expect massive stimulus coming from China, Europe and Japan. So there you have it coming directly from crypto Hayes. Just blaze. Let's get it now for the moment you have all been waiting for. Let's dive into our featured story of the day and discuss a Bitcoin ETF being approved this month in November. And what would that mean for the crypto market? Let's break this baby down. We have Steven McClurg, the chief investment officer at Valkyrie investments has put forth a strong indication that a landmark approval from the U S SCC for a spot Bitcoin ETF can transpire by the month's end. Send it and let's go. The approval of the spot ETF is currently one of the biggest factors influencing the Bitcoin price as well as the entire crypto markets trajectory. You can say that again now alongside the financial giants such as black rock, the world's largest asset manager fidelity, which is about half the size of black rock. We got Vanek, we got Invesco, we got Valkyrie, one of the companies at the forefront of the battle with the SCC over the spot ETF. We also have grayscale. Don't forget the GBTC product. We have the firm managing to Bitcoin related ETFs at the moment. Now Valkyrie Bitcoin and ether strategy ETF and the Valkyrie Bitcoin miners ETF with a combined asset value of 51 .1 million at this time. And they also have active filings for spot Bitcoin ETF. Now McClurg, citing the latest amendments to Valkyrie spot, Bitcoin ETF app anticipates the SCC will issue another series of comments within the next weeks, potentially setting the stage for the approval of the 19 before rule changes by the end of the month. Send it quitting him here before anything else happens, we get a second round of comments and I believe we'll probably get those comments in the next one to three weeks. A late November approval likely means a February launch. So note that if we get the green light in November, it means the Bitcoin ETF would likely launch a few months later in February, which would be right in time again for the Bitcoin having. Now he also shared with ETF .com this interview suggesting a timeline for the SCCs response to these crucial amendments. He also argues the SCC can wait until January to ask the applicants to put the final touches on their S one filings. That's the other alternative scenario. Now Nate Geraci, host of the ETF prime pod explain that Valkyrie CIO suggests SCC can approve the 19 B fours exchange rule changes for the spot Bitcoin ETFs by the end of November and then the S one registration statements early next year. These don't have to be approved at the same time, so keep that in mind. Though they need both for the ETFs to begin trading. Now in recent weeks, the SCC has been actively communicating with ETF apps and disclose that the agency is carefully scrutinizing all spot Bitcoin ETF apps. The focal points of the SCCs inquiry have pertained to the comprehensive explanation of various risk disclosures, methodologies concerning index usage and net asset value computations, environmental risk inclusions, as well as detailed insights into custodial practices. Recent amendments to filings by entities such as BlackRock and VanEck have been augmented to eludicate how initial fun seating could be conducted and also note that BlackRock already began seeding their ETF back in October, which was last month. This is something that Larry Fink their CEO has already disclosed. Now because of that, industry experts remain cautiously optimistic. We have Matt Hogan, the CIO of bitwise asset management, highlighting lingering concerns, quitting him here. Market manipulation is still a potential stumbling block. Custody isn't a wrap, so there is still a lot of work to do, he stated. Now the anticipation isn't purely speculative. The man forecast suggests substantial interest. McClurg envisions about 10 billion bucks flowing into these products within the first one to two months post launch. While bitwise projects 50 billion in inflows within the first five years. I think that's extremely conservative. I could see trillions of inflows within five years, but hey, to each their own. Valkyrie revised its spot Bitcoin ETF filing October 30th a few days ago with an S1 registration statement submitted to the SCC outlining the Valkyrie ETF. The proposed fund shares are intended to be listed under the ticker BRRR on the NASDAQ stock exchange. Valkyrie updated their app and a part of a wider trend as several firms have similarly refiled their spot ETF apps signaling a concerted effort toward regulatory compliance and optimism for approval. Bloomberg ETF analyst, James Saferard identified these amendments as positive signals for progress and possible imminent approvals. Let me know which you think will get the green light first from the SCC. We all know it's imminent. We all know it's going to happen, but when is it going to be November? Is it going to be December? Could it be January? Could it be March? Let me know in the live poll we have on the screen. I have some bonus content to share with you before we dive into the live Q and A. This is from jury and Timur. Why is this so relevant? He is the head of macro at fidelity fidelity being a four and a half trillion dollar asset manager. He's the one who predicted a billion dollar Bitcoin price by the year 2038 and here's something he just recently shared. He shares some incredible threads I want to share with you. Bitcoin is volatile, but it's scarcity and adoption curve create the potential for it to be a high powered hedge against monetary shenanigans. I think of it as exponential gold and in this chart it shows you Bitcoin going past $1 .2 million per coin. That's pretty sexy. Gets me excited as he shares here. One of the attributes of Bitcoin is that it's a network asset and as such it's adoption curve has followed the typical S curve shape. We have seen many of the S curves throughout history and he continues here in the thread. The question, where is Bitcoin's journey along that S curve? A network assets value is driven by its adoption curve, so the slope of that curve matters a lot. Makes a good point. And when I first went down this rabbit hole in late 2020 it's adoption curve, which I defined as the number of non -zero addresses was very steep. It resembled the S curve for mobile phones during the 1980s and the 1990s, which was pretty promising. I'm going to read you a few more now. However, as the real rate narrative changed from dovish in 2020 to hawkish in 2022, the adoption curve flattened and it is now closer to the slope of the internet adoption curve from the two thousands and it has not made much progress since 2021. Now we also had some other threads which are very valuable. I'm just going to read the lead part of it with Bitcoin moving up. Once again, will its adoption curve accelerate as it did a few years ago and how does the macro trend on rates affect it? There's some very insightful data. If you want this, check the show notes below the video in the description. I'll include all of this. And he had one more good thread continuing the discussion from the recent thread on Bitcoin. I highly recommend you check this out because again, this is the head of macro over at Fidelity, one of the world's largest asset managers. So there you have it, my crypto fam and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in our live Q and a, and I look forward to seeing you on tomorrow's episode.
A highlight from BREAKING! SEC SUBPOENAS PAYPAL OVER PYUSD STABLECOIN!
"The SEC subpoenaed PayPal over their new stablecoin. A Swiss bank launches Bitcoin and Ether custody and trading services. The UK releases new crypto marketing rules. And Japan is about to start QE. And this is a sign of what's to come globally. Let's break it down. Welcome to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button, as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, the big news this morning is that the SEC served PayPal a subpoena related to the firm's stablecoin. PayPal also said in its quarterly report that it is cooperating with authorities in its request for documents relating to its stablecoin. Now, the headline can trigger some folks. The SEC is going after another firm, but a subpoena is not necessarily a bad thing. They just want more details. The question is, what do they do with those details? Because we've seen the SEC act unlawfully and they've done things politically to try to slow down many crypto companies, which haven't done fraud. Just there's no fraud happening, but the SEC is trying to roadblock and we've been talking about it. It's because Elizabeth Warren is working with a lot of the incumbents and they're trying to kill these crypto startups. So the big players can come in and take over. So let me give the details here. Here's a quote on November 1st, 2023, we received a subpoena from the US SEC division of enforcement relating to PayPal USD stablecoin, which is P Y USD. The subpoena requests the production of documents reads the report. The payments firm said it is cooperating with authorities. So a subpoena from the SEC is a legally enforceable request for documents, testimony, or other evidence issued as part of the agency's investigative authority into potential violations of federal securities laws. Now, folks, I've often said on this podcast, it's not the underlying asset. That's the issue, right? It goes back to the ripple case intrinsically as stablecoin is not a security. You can launch a stable coin today. It's pegged to the dollar one -to -one that does not make it a security. What does, what can make it a security and the potential scenario is the packaging, the scheme, right? It goes back to the Howie test. Was it the oranges intrinsically by nature securities oranges on a tree or in the supermarket? Of course not. That's asinine, right? It's the packaging. What was Howie offering? He was saying my orange girls come invest in mine and you'll get X and X returns and all these things, right? He, it was a whole packaging scheme. That was the issue. Same thing with crypto and stable coins. They're not intrinsically securities. It's rather Howard, a package. So that's the distinction. But, you know, Gary Gensler is a clown scumbag regulator who would lie and say, Oh, they're all securities by nature. And so, but the courts are shooting him down. I'm giving him the big fat L's. So the subpoena itself, like I said, not necessarily a bad thing. They want more information. What they do with it next is the key because, uh, will they go political and unlawful and use lies and hypocrisy like they've done in these previous lawsuits to try to take down PayPal stable coin that is to be seen. So we'll see where this goes. And, uh, the fact that the sec is trying to say stable coins are, are securities is even crazy. Like it, because they're just pegged to the dollar. It's ridiculous. Now, neither Paxos or PayPal has, uh, you know, have, have replied to any comments or, or release any new updates. So Paxos is the company that helped PayPal to launch their stable coin. Remember Paxos also helped, um, be USD to go live finances, stable coin, which, you know, the government shut down essentially. So we shall see where this goes. And in August PayPal and crypto infrastructure provider Paxos announced that the duo would enter its stable coin race with their P Y USD offering reportedly backed by treasuries, dollar deposits, and other cash equivalents. The stable coin is expected to be pegged to the U S dollar and run on Ethereum. So let's see what the sec does after this. The ironic thing here though, folks, right. Is that Congress is threatening subpoenas to Gary Gensler and the sec for delaying the release of all communications and paperwork. They were dealing with, with FTX, right? Patrick Henry's like, I don't want to be the first, uh, you know, uh, speaker here to threaten, or I should say issue a subpoena against the chair of the sec. But this is the unbelievable hypocrisy we're dealing with. Right. And we know that the sec it's a mixed bag. They're doing a lot more bad than good. Yes. The sec has a job to do. Yes. They have to protect consumers yesterday. They filed a lawsuit against these safe moon folks. That's clearly a scam, but at the same time, they're fighting Coinbase, right? And they're delaying the Bitcoin spot ETF. And they're trying to stop many different things that are not fraud related or have anything. They're not scamming people like going after PayPal. I don't believe there's any fraud here. I could be wrong. Maybe there is. Right. I'm not saying either way, but let's see what they go. Will they Sue PayPal? I think that will be a big red flag asking for information. No problem here. Right. And PayPal sounds like they're cooperating. You're like, Hey, you want to see the documents? Here you go. Right. We have nothing to hide. So, uh, let's see what the next step is, but you know, I don't trust scumbag regulator, Gary Gensler. I think you all see what this guy's doing. He's a gimp on the leash. Uh, Elizabeth Warren has control over him and you know, both of them are working on behalf of incumbents. So, uh, interesting news here, folks. Now let's move ahead. Swiss bank launches Bitcoin and ether custody and trading services in partnership with Seba folks. We're seeing stock exchanges, banks, and the largest financial institutions around the world adopting crypto. And you know, some people are still bearish, right? I'm sure you sure you can be bearish this week and in the short term, but long -term I hope you're bullish. I just reported on Monday, guys, that Thailand's fourth largest bank buys $103 million taken a new crypto exchange, or I should say an existing crypto exchange by the name of satang. So I hope you see what's taking place here. Uh, let me give you the details. Um, so one of Switzerland's largest cantonal banks has launched digital asset custody and brokerage services for its clients in partnership with Seba bank this week, St. Gaylor cantonal bank, if I'm saying that right, announced the launch of custody and training services for Bitcoin and ether to select group of clients as GKB added that it has plans to expand its digital asset offerings with the addition of more cryptocurrencies based on client demand as GKB is using Swiss based Seba bank to provide digital asset brokerage and custody services. Here are some quotes. We are very pleased to be able to support St. Gaylor cantonal bank with our expertise in expanding their services around digital assets. Seba bank had B2B and custody solutions. Christian beer said St Gaylor cantonal bank and Seba signed the contract earlier this year after a short implementation project as GKB is now ready to offer access to cryptocurrencies to a selected group of clients in the first step, Bitcoin and ether other currencies will follow shortly. Barry told a block folks huge, and this is primarily to institutional clients. So a lot of capital is going to come into this market. This is why I'm bullish. This is why I don't care if the price crashes by 10K today. It doesn't phase me because I know it's all market cycles and from the macro, right? The two to three year view, the market cycles playing out on the four year cycles, you will make money by the blood industries, by the dips, huddled, you know, don't, don't look at the price every day. And then as we run up, take your profits folks, it's playing out right before our eyes. And if you're here listening, you're here early, you're taking a position, buying the lows you're on, you are on the side of smart money because there's billions of people not paying attention and they will eventually come in and buy the top, right? It's the dumb money crowd, but that's the age old tale, right? It happens with stocks and other markets. It is what it is. This is why education financial education is important. And I'm glad I'm here early now, quick word from our sponsor and that is Uphold, which is a great crypto exchange that you can buy all the top cryptocurrencies. They have 260 plus cryptos on their platform. They have a lot of great features, full functional app, full functional website. They're safe to use. I've interviewed the CEO, the CFO. I've been using them since 2018. You can also trade precious metals on this platform, as well as 37 Fiat currencies. And they're available in over 150 countries. They are 100 % reserve. They don't commingle your funds. They don't lend out your funds. So they do audit. So your funds are safe. So if you'd like to learn more about Uphold, please visit the link in the description. Now we've got news that the UK regulator publishes guidance on new crypto marketing regime, the financial conduct authorities new ad regime took effect in October under the new rules firms are required to include appropriate risk warnings on all their communications to UK customers that have a promotional element. The regulator has already added 221 firms. It deems non -compliant with a new regime to an alert list and has promised enforcement action on companies that are not careful with approving ads. So folks, I don't have a problem with this because they're not banning crypto and they're not banning crypto companies. What they are saying, Hey, follow these rules and regulations when it comes to marketing. So you can't make, you know, and maybe any outlandish promises, or you don't exaggerate the truth on what users can expect to earn or get a return. So I don't have a problem with that, right? They're not saying you can't market. They just think, follow these rules and stick to these guidelines. And most likely it's, you know, around verbiage and things you can say so this, this is rules that are applied to the stock market and, and, and loans and credit cards and still port, right? You can't say certain things you have to abide by the rules. So I, I'm totally fine with this, but I think we're going to see more and more of this around the world that people can make, you know, outlandish the promises. And, and this is good because look, you have these like safe moon scam projects and these things that pop up around the world. And if they say, oh, you're going to get this and that, and that, and it's just like, that's not reasonable and that's not a factual then. Yeah, that's not good for consumers who may not know better and they can get caught up in scams. So I think this makes sense now, folks, Japan stimulus package to include 144 billion in spending a draft plan show spending at around two, excuse me, 21 .8 trillion yen funding in extra budget to reach around 13 .1 trillion yen. You may say, Tony, why are you telling us about Japan stimulus package? What the hell does it have to do with crypto? Well, folks, it's the cowbell, right? If you saw my interview with Rao pal recently, and we talked about M2 global M2 money supply, the liquidity is coming back. Folks. What have I been saying? Beating the drum, the quantitative tightening will come to an end, right? There's quantitative tightening happening in the U S as well as all the parts of the world. We're seeing quantitative easing starting to come back, right? Just about a week and a half ago, I told you about China injected in the tons of capital into there. I think it's a real estate market and the banks and so forth right now, all of a sudden Japan is planning to print money and offer stimulus folks. What have I been saying? Right? I hope you see what's happening. It's they can't help themselves. They have to do it. We live in a debt based system. So what does that mean? Assets will rise. The price of assets will rise as liquidity and they continue to print money increases once again. And this is why you diversify. Yes, crypto, yes, stocks, real estate, and so forth. I have an investment property. I own some stocks. I have, a retirement account and so forth. And then I have crypto folks, assets will rise again. So I hope you understand this because it's very important to know these fundamentals and these principles of what's happening and how the money supply works and how that impacts asset prices. And like I said, I shared with Raul Pal's chart from just a couple of days ago, where he highlighted Bitcoin is moving. The price of Bitcoin is moving with the global M2 money supply. And we are seeing a move upwards. Folks, I want to give you a quick note here. Joe Biden, the president of the United States will most likely follow this game plan that Japan is doing. Watch the money printing come back next year. Why? It's an election year, right? They have to come out of this really bad situation. We're in with recession, high rates. I definitely think we're in a recession. They may try to skew the day to say, we're not, we are in a recession. And I think they're going to go back to money printing next year. And then we're going to see assets go up folks. And funny enough at times with the four -year cycle of Bitcoin. So just get ready. Like I've been saying, buy the dips, dollar cost average, obviously be smart. Don't put your life savings into investments. You need to have emergency cash. You need to be diversified. Like I said, I got money in stocks and investment accounts, also crypto. Crypto is the one doing the best for me, of course. So just keep these things in mind. I'm sharing these things because once I understood these principles and what was actually happening with money printing and how you can use assets to outpace inflation and grow your wealth. That's when I started making money. That's when my retirement accounts started growing because I figured it out. Like believing it in a bank and getting next to nothing from an interest rate standpoint. I was wondering, is this it? You get what 0 .01 % return on your money in the bank. It's nothing. It's garbage. But when you understand assets is the way to go. And as Paul Tudor Jones said, Bitcoin and crypto is the fastest horse in the race. So crypto is moving at a much rapid pace from a growth standpoint. And if you look at the data, Bitcoin is the top performing asset over the past 10 to 15 years. It's pretty incredible. Well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button. Don't forget to follow me on the social media platforms, TikTok, Instagram, Facebook, LinkedIn. Links will be in the description. Also sign up for free newsletter. Thank you for listening. Thank you for watching. And I'll talk to you all later.
A highlight from Elizabeth Warren Wants to Criminalize Bitcoin Self-Custody | EP 858
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to another episode of Simply Bitcoin Live. We are your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture, and matic warfare. We will be your guide through the separation of money and state. And today is one of those episodes where we're going to be talking about the separation of money and state. One of my favorite features about Bitcoin is that eventually it exposes all incentives. And what we've seen over the last two weeks is Elizabeth Warren, her allies in the media, and her allies in government take advantage of the tragedy happening in Palestine and Israel to try to circumvent the legislative process to enact these crazy regulations that attack would essentially Bitcoin, make it very difficult for Bitcoiners, particularly in the US, even though this movement is happening worldwide. Now what happened is that this ended up backfiring, and the reason that ended up backfiring is because social media has allowed the common man, the everyday individual, the rise of media. And that's exactly what happened. The Wall Street Journal conceded on Friday, they retracted their statements, they offered a correction, and the Wall Street Journal article was the pillar of Elizabeth Warren's letter to the White House, which prompted the White House to tap on the Treasury, specifically the FinCEN, to enact these crazy regulations. Now it was exposed, the Wall Street Journal article got it completely wrong, therefore Elizabeth Warren, she was using false information or misrepresenting information in order to achieve a certain political end goal. She was caught in 4K, we said this yesterday. She did not retract her statement, she doubled down. She said, okay, maybe that that article was incorrect, but there's other sources, but she only used one source in that article for the White House, right? Now what happened though, and this is beautiful, and this goes back to my initial statement, is that Bitcoin exposes all incentives. And what we've seen is essentially Elizabeth Warren, first, you know, she lied, first she gets caught lying, then she doubles down, and then she finally says the quiet part out loud. And what is that quiet part? Basically she's making the case to criminalize self -custody. Yes, ladies and gentlemen, this is where we are in the movie, this is not rhetoric, this is not me exaggerating it in the title, this is exactly what she said in the video. And then that really calls into question the FinCEN proposal and the bipartisan bill that Elizabeth Warren has introduced in the Senate, even though it has a very low likelihood of being passed. But this is what she really wanted. And this coincides with the exact same words coming out of the head of the European Central Bank, who was previously the head of the IMF, who I might add is also a convicted felon, she calls Bitcoin an escape valve. So really what you're seeing from Elizabeth Warren is fear. What you're seeing from Christine Lagarde is fear, because they know that their money cannot compete on the free market with a better money, with a superior money. And why is Bitcoin superior to state -issued currency? Because it does two things that they cannot help themselves but to do. It offers censorship resistance, and it's deflationary. Governments are always going to want to do those two things, they're always going to want to censor, and they're always going to want to inflate, because without inflating they cannot pay for the endless wars, they cannot pay for the things that we cannot afford on income tax alone. The money printing is how the United States continuously spends over a trillion dollars, deficit spending, year after year, even though the government, you know, you hear the rhetoric from the politicians, we must tax the billionaires, we must tax more, tax, tax, tax, tax the income tax. But what they fail to tell you is that the US government collects more tax revenue year after year. But why is it that they want to collect more tax? It's because of the spending. This is why you have to separate money from state. It's a question of aligning incentives. As long as politicians don't have to go to the populace to raise money for any ideas that they have proposed, and instead they can get they can fund it through the hidden tax of inflation, the incentives of society will never be aligned. And I truly believe that's why we're seeing the moral degradation of society. That's why you're seeing the cultural degradation. That's where you're seeing the infrastructure degradation. All these things, because the people in charge are not incentivized to do good by their constituents. They're incentivized to get as close as humanly possible to the money spigot. And they're willing to say anything and everything. But blame themselves for the circumstance, for the situation they themselves have caused for spending money they didn't have and debasing people's money in order not only to enrich themselves, but to pay for the spending that people can't ignore. I mean, for the spending that they cannot afford. But here it is, once again, Honey Badger don't care. And it forced Elizabeth Warren, whether she realized or not, to finally, finally say the quiet part out loud. Self -custody is a crime. If you choose to put your money in a way of which I can't easily seize it, I can't easily confiscate it, I can't easily censor it, that's a problem. And that is a problem for politicians that have been using that privilege, abusing that privilege to not only pay for themselves, I mean, enrich themselves, but also pay for things that we can't afford as a country. And of course, we're speaking from an American sense of view, because we live in the United States. But this applies to all countries around the world. Look at what's happening in Venezuela. Look at what's happening in Argentina. Look at what's happening in Turkey. So this is crazy, and this is a very historical moment. And I'm telling you, in a couple of years, I think they're going to get so desperate that they're going to just keep saying this, that the whole thing of self -custody is dangerous. And if you think about that, like if you think about it from like a foundational level, like that is so absurd, because we can't debase your money, because we can't easily confiscate your money. That is dangerous. And you have to look at the historical precedent here. Back in the 30s or in the Great Depression, FDR implemented the famous 6 -1 -0 -2 order, where he made it illegal for American citizens to own gold. So countries, nation states, have had a history of when they default on their debt, they have a history of confiscating their populace's wealth in order to keep it going. But with Bitcoin, this is why Bitcoin is so unique. This is why Bitcoin changes everything. For the first time in human history, you can store vast sums of wealth, millions, billions, trillions of dollars, by memorizing a 12 to 24 word seed phrase. And that makes it incredibly difficult for government to confiscate on a mass scale, whatever their justification is. And it has them scared shitakulous for the sake of not cursing in the first couple of minutes. So this is crazy. This means we're winning. Let's keep up the pressure. Let's color within the lines. And most importantly, our most important weapon in this narrative trench warfare is just to expose their lies and misrepresentations so that the world can see them for who they are. Anyways, it's going to be a great show. I want to bring up my legendary co -host, always optimistic, giant smile on his face today. How are you doing, Opti? I am doing wonderful. In the face of this very, very sober monologue, I was just thinking, of course, I think my reigning role here on the show is to make light of everything in regards to it getting very serious. And I have officially changed my view on my favorite politician. It is no longer Brad Sherman. It is now officially Elizabeth Warren. Absolutely love to see the politicians, the powers that be, the unproductive class squirm like this. And we say it all the time, Bitcoin exposes people's incentives. And you love when they say the quiet part out loud. And it's not just us like talking about it. It's them actually terrified of what is happening. You just love to see it. You know, it's going to go into what we're going to talk about on the culture. This idea that we're winning so hard, guys, it's absolutely incredible. In the face of all the fear, just remember that Bitcoin just stays winning as long as you are taking Bitcoin into self custody, the game is going along exactly as planned. And you just love to see it. This was inevitable. And it's actually happening a lot quicker than I thought it would, Nico. I'm really surprised that this is where we are. Of course, Elizabeth Warren seems to be the canary in the coal mine for the powers that be. So we'll see who else starts to come out as our also third and fourth and fifth, second or wait, six favorite politicians. You love when politicians get scared. I'd love to see it. Love to see it. Anyways, guys, so in these types of moments in history, right, it has never been a more important time to take self custody. The sponsors that support the show, make this show possible. We're very, very picky who we choose. Right. So, yes, of course. And this all kind of goes to Bitcoin's aligned incentives. We choose to partner up with Bitcoin companies that make it easy for you to stack SATs, make it easy for you to withdraw those stacks from that said exchange. We give you exposure to the best Bitcoin hardware wallets in the industry so that you can take self custody. And we also emphasize the fact of, you know, not your properly securing your Bitcoin wallet backup seed words. Don't store it on paper, store it on metal. And then not to mention the fact that we also bring up, you know, if you got it, you guys want to take the next level, run your own node. If you don't run your own node, you're trusting someone else's. And that's why we love start nine. We have all of that in the video description. So when we're talking about self custody, you guys are covered on all fronts of Bitcoin products to use it to really achieve your sovereignty as an individual. Anyways, everybody, let's jump into the show. I think this is a historical episode. I can't believe this is where we are in the movie. So many things have happened this year. Holy cow. And I suspect my intuition is telling me it will continue to accelerate as we're living through this pivotal moment in human history. We are living through the disintermediation of information and we're living through the disintermediation of money. And it's happening all at the same time. Strap yourself in. It's going to be a hell of a ride. And of course, simply Bitcoin will be here to cover it for you guys. All right, everybody, let's start the show. Let's do it.
A highlight from SHOCKING: SEC & Gary Gensler's Lawbreaking Assault on Crypto (SAB 121)
"Welcome to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we got huge, huge SEC Gary Gensler news. Folks, the Government Accountability Office, also known as GAO, this is a government agency, has concluded that the SEC's controversial staff accounting bulletin, SAB121, which requires crypto custodians record customers' digital assets as liabilities on their balance sheets, is considered a rule, not merely guidance, and therefore require the SEC to submit to Google, which it did not. In short, the SEC is now in violation of Congressional Review Act, CRA. Folks, this is big because we continue to see Gary Gensler and the SEC acting unlawful. And you may say, well, Tony, these guys in Washington, DC are not doing anything to Gary. But remember, folks, they're trying to build the case. They're trying to build a record of all these failures. Gary Gensler losing in the courts the grayscale and ripple, right? And he's fighting Coinbase right now. And the courts, the judges are tearing the SEC a new one. So as they're building this case, they'll be able to take action. And that's the insight I've gotten from many of them right now, because Elizabeth Warren is backed by the Biden administration and she has Gary Gensler the gimp on a leash. They have a lot of power because the Biden administration is in power, right? And Gary Gensler is appointed by the Democrats. So many folks don't understand this dynamic that even if the Republicans and the House Financial Committee want to take action, they have to tread lightly because Elizabeth Warren has so much power. And there are other things at play here, like other legislation, other rules they're trying to make for other industries and things that are happening overall. So that's the insight I've gotten speaking to lobbyists and politicians as well. So, folks, another black mark here for the SEC showing they are not abiding by the laws and they are hypocrites and liars and they have fallen far from their core mission, folks. I've been saying it for years now, right? I know some of you probably get tired of me hearing me say this, but I am out here exposing Gary Gensler and the SEC. I'm drumming up as much noise because I'm a crypto investor and this guy is using unlawful tactics to try to stop crypto, try to kill the gains that I would get, right? Trying to say, I can't stake my coins and all these things, right? I'm not going to stand for it and I'm here to fight and I'm going to spread the news. And I think many of you agree with me and it's going to take all of us to drum up as much noise on social media and put out content there to build the record of all the bad things the SEC is doing and hurt their optics and hurt Gary Gensler's narratives. You see, Gary Gensler is much more timid these days. He's not as aggressive because he's losing. And I smell blood and I hope you smell blood too. And we got to keep going, folks. Now, a lot of people weighed in on this. Ripple's chief legal officer, Stuart Eldorado said, while Mr. Gensler is making bad Halloween jokes on X, so Gary was tweeting about Bitcoin and Halloween and all kinds of things. His agency is being shamed for ignoring the law that requires agency rules to be reviewed by Congress. Seems the SEC has become the lawless Wild West Gensler loves to talk about so much. He's absolutely right. And remember what Judge Sarah Netburn said in the Ripple lawsuit, the SEC lacks fateful allegiance to the law, not to mention they were called as the SEC was called hypocrites. And there's different cases where the judges are just coming out saying, what are you guys doing? You're not providing any clarity, right? We know the SEC lawyers, they're hypocrites, they're liars, they don't respect the law. They just want to go around shaking down companies. And we've talked about the reason for that is that the Wall Street crowd, those incumbents are getting disrupted, have weaponized the SEC to go after these crypto companies to kill them. They want to kill Coinbase. They want to kill Grayscale and Ripple and Binance and so forth so that they can come in and take over. And I think we're seeing the cards on the table now, right? Fidelity, Charles Schwab, and these folks launch a crypto exchange. PayPal launched their own stable coin. BlackRock wants a Bitcoin ETF. BlackRock is investing in Circle USD and much more. So we are seeing the move from Wall Street to enter this market. They want it. They want to control it. They want to make money off of it, but they don't want Coinbase to be leading the market. They don't want Grayscale to be the first to get the Bitcoin spot ETF. Can you imagine that? They don't want that. They're sitting in their boardrooms and they're like, wait a minute. These guys are coming to steal our lunch here. We got to get control of this. So they have weaponized Gensler, who's a, you know, Goldman Sachs guy to call them Goldman Gary Gensler. So it's clear as day what's happening. Now Jake Traversky of the Blockchain Association weighed in on this. He said, this is huge. The GAO reviewed SAB121, an illogical anti -crypto accounting bulletin issued by the SEC last March and found that it's a rule under the CRA and APA. The SEC didn't comply with either. This is a clear statement from a federal agency that the SEC broke the law. SAB121 basically required crypto custodians to double count digital asset liabilities on their balance sheets. It has done extraordinary damage to the crypto industry and costs untold millions in legal and consulting fees over the last 18 months. It was illegal from the start. The SEC should immediately withdraw SAB121. If it does not, the GAO's analysis makes a slam dunk out of a lawsuit against the SEC, alleging a violation of the APA's notice and comment requirement. The Blockchain Association will be watching closely to see what the SEC decides to do next. So, I hope, folks, the industry sues the SEC, I hope multiple crypto custodians and companies sue the SEC and put them in litigation hell and they start fighting back. We know Coinbase and these folks have been fighting back and this is going to put the SEC in a lot of trouble. Marissa Tashman -Koppel, who I've had on the podcast, she's also at the Blockchain Association, said, huge in all caps, one of the means by which the SEC has tried to unfairly strap crypto. SAB121 not only was illegally published as guidance, not subject to notice and comment, but it makes no sense and has seriously harmed market participants. Representative Mike Flood, who I'm hoping to get on the podcast soon, said the GAO has spoken. Staff Accounting Bulletin 121 is a rule, not mere guidance, as the SEC claims. Rest assured, Congress will act to rein in Chair Gensler's overreach on this issue. So I hope to have him on the podcast and talk about this and find out what steps they're going to take. Now, Attorney John Deaton weighed in on this as well. He said, ever since the Ripple lawsuit, the SEC has consistently not followed the law. A federal judge literally stated that the SEC's enforcement lawyers and the leadership they report to are not only hypocrites, but they also lack a faithful allegiance to the law. It was an incredible statement for a federal judge to make. I was shocked at the little attention mainstream media paid to such a shocking statement. Here's what I can say with great conviction. Today, the SEC does more to hurt investors than it does to protect investors. It has become both an inept and corrupt organization. Full stop. I absolutely, absolutely 100 percent agree with John. And I think you all know that listening to me over the years. Folks, the power is in your hands to fight back. And we have social media. We can drum up a lot of noise and expose the SEC and Gary Gensler. They are paid by our tax dollars. It's time that we held them accountable. Now quick word from our sponsor, and that is Uphold, which is a great crypto exchange that I've been using for years. They have 260 plus crypto currencies. You can trade precious metals on this platform. They also have over 37 fiat currencies that you can trade. They are transparent. They are safe. They have a full app and full functioning website. They don't commingle your funds. They don't lend out your funds. Everything is 100 percent reserved and they have audits, which they do to show that these things are in place. So it's an exchange that I trust and I use to this day. And I've interviewed the CFO, the CEO, and many more. So if you'd like to learn more, please visit the link in the description. Now, lawyer Jason Gottlieb shared the following analysis regarding the SEC versus Coinbase lawsuit. And it was a great thread, a great writeup that he put here. I highly recommend you guys go read it and follow him. He highlighted that the SEC charged SolarWinds and chief information security officer with fraud internal control failures. He said, let me explain how this is relevant to the SEC versus Coinbase case. From the press release in its filings, the SEC, SolarWinds allegedly misled investors by disclosing only generic and hypothetical risk at the time when the company and Brown knew of specific deficiencies in SolarWinds cybersecurity practices. In Coinbase, the SEC allowed Coinbase's S1 to go effective at a time Coinbase was actively allowing crypto trading on its platform. The SEC knew fully the business model at the time and allowed Coinbase to be publicly traded. Thus Coinbase correctly argues the SEC didn't think the business model violated securities laws at the time. The SEC responds, well, approving an S1 isn't approving the whole business. And the SEC adds Coinbase disclosed the possibility of regulatory risks as was proper, but that's just it. The disclosure was of a generic and hypothetical risk, just like the SEC's beef with SolarWinds. If at the time a company is making a disclosure, there's an active materially bad thing the company is aware of. It can't just disclose that there could be a risk of a bad thing. It has to disclose the bad thing itself. He says, I had to litigate this issue, a case where the risk of a bad thing happening was disclosed and the SEC went to litigation alleging that the bad thing was actually happening, which wasn't disclosed. No more comments on that case, which is settled. In Coinbase, if the SEC corporate finance staff actually thought a purported bad thing allowing securities trading without registration was happening, they would have never allowed a disclosure of only the generic or hypothetical risk. They could have required Coinbase to say, our entire business model is predicated on securities laws violations, otherwise a material omission. But come on, no company is going to say that in an S1 because corporate finance would never allow an S1 with that language going forward. So as you can see, the SEC is getting caught on their hypocrisy and lies, right? They greenlighted Coinbase saying, you can go public. And they knew what Coinbase was about. No one had a question, what is Coinbase doing, right? And Coinbase had to go through multiple hoops. They had to jump through multiple hoops to go get an S1 and prove and go public, right? They had to be audited. They had to have certain things in place like other companies that go public. So the SEC is getting caught with their lies here. He said, the reason why this is obvious is because the SEC isn't going to bless public investment in a company predicated on securities laws violations, which it would then think it needed to put out of business, hardly investor protection. Great, great thoughts here by Jason. The only possible conclusion the SEC correctly did not believe at the time that Coinbase's model, which was fully and amply disclosed, violated the law. Something changed. There was no change in the laws or regulations or guidance. That's an important fact there, folks. He said, there was no change in the laws or the regulations or the guidance or the case law. The change was political. There it is, folks. Elizabeth Warren, Wall Street crowd pulling the puppet strings behind Elizabeth Warren and Gary Gensler, that's what's happening, right? I hope you see what's taking place here, folks, and why we gotta fight. So Jason continues, he says, it was frustration at an industry that didn't merely accept the chair's illegal dictates of what the digital economy should look like. Yet that same chair, remember, was promoting crypto before he joined the SEC. He said, Algorand, you could build Uber on it. The man was teaching crypto at MIT. He tried to go work for Binance. Then all of a sudden he's saying and doing these things. It's because he is a puppet. He was just doing the bidding of his puppet masters. So regardless of how he felt before or how he still feels about crypto, he's a gimp, right, as I've said before. So let's move ahead. Today at the Breaking Point Conference, it was revealed that Solana nodes are now available for deployment on Amazon Web Services. So I have some sole tokens. I'm not hugely bullish on Solana. And look, I'll have a swing traded and make some money, which is fine. I'm still weary of Solana. And you know, some people have said this is a VC pump and dump coin. I honestly don't know. It seems that way, but look, just be careful, folks, because be prepared for some sort of dump. I see a lot of people pushing Solana. So we'll see where this goes. Finally, in the Sandbank Murphy trial, Jacqueline Melanick of TechCrunch is reporting that the case has rested. Closing are arguments coming tomorrow. The jury deliberates to determine whether he's guilty or not on the seven charges related to fraud and money laundering. So this guy needs to go to jail. Let's hope that he does. And let's hope he doesn't get off lately. He is the Bernie Madoff of crypto. And he has to go to jail just like Bernie Madoff had to go to jail. Well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button on the podcast platforms. And I'll talk to you all later.
A highlight from 1447: Max Keiser: Bitcoin will reach $10,000,000 per coin
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and this just in, there are now nearly 40 million Bitcoin addresses in profit, which is a new record. So congratulations and shout out to my long term hodlers. Also in today's show, as I shared, the Bitcoin white paper turns 15 years old today as Satoshi Nakamoto's legacy lives on. Let's go. Also in today's show, crypto asset manager Valkyrie amends their spot Bitcoin ETF filing. I'll be breaking down this latest update, as well as a Bitcoin rally to $50 ,000 per coin is now on the cards as the Bitcoin bull market arrives. According to top crypto analysts, I'll be sharing his timeline. Also in today's show, Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and price predictions and warns of suicide bankers that will destroy the world. Not only that, but Max Keiser gives Alex Jones a simple, very simple five question Bitcoin quiz for 10 ,000 Bitcoin worth $350 million in today's terms. I'll be breaking all this down for you. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at Cryptonewsalerts .net. Again, that's crypto news alerts dot net. Welcome, everyone, to podcast episode number fourteen hundred and forty seven of the Cryptonewsalerts pod. Today is Bitcoin's birthday, October 31st, 2023. Bitcoin is 15 years old and I'm your fearless host, JV. We have lots to cover, as we always do. So let's kick it off with our market watch. As we can see, you should be able to see Bitcoin barely in the green, holding on to thirty four thousand four hundred support. We also have ether barely in the green, a little bit of boring trading sideways action. But if we check out, you know what they say, when in doubt, zoom out. Right. Let's check out the seven day coin 360. Bitcoin's now up four percent. You got XRP up nine percent. Let's zoom out a little more and check out the one month price gains. Let's freaking go. This is a testament that October in full effect, Bitcoin is up almost twenty eight percent this month. Let's freaking go. That's pretty massive. And let's not forget, we're moving into moonvember tomorrow. So do you think we're going to surpass forty thousand? I think so. In fact, if I was a betting man, I'd bet on it. Now, if we zoom out, can we even zoom out a little more? Let's see here. Well, let's switch it up. Let's go to coin market cap dot com. We can see the crypto market cap currently sits at one point two eight trillion with Bitcoin dominance at fifty two point eight percent and the ether dominance at seventeen point one percent and checking out the top one hundred crypto gainers within the top or in the past twenty four hours. We got Celestia, which I've never even heard of before. Up sixteen percent. We got XDC up six percent trading at five cents, followed by TonCoin up five percent trading at five dollars and thirty three cents and checking out crypto bubbles. We can see the top gainers for the past week. We have a mixture. Some are in the red, some are in the green. And let's zoom out. Let's check out the weekly massive gains in the green. Let's check out the monthly. Wow. Incredible. Some of these alt coins are up 50, 60, 70 percent, which is pure insanity. E -Hacks is up one hundred and forty five percent. What about the annual? Holy moly. And let's check out the market cap plus the week and we can see Bitcoin and a big bubble at three point three percent, followed by ether at two point nine percent and checking out the crypto greed and fear index. We're currently rated at sixty six, which is greed. Yesterday, a sixty eight. Last week is sixty six and last month a forty eight, which is neutral. So there you have it, fam. Yeah. So let's kick it off with our Bitcoin technical analysis. Check out the charts with the Bitcoin price action is likely to go next. Here we go. Bitcoin's price trying to push towards the coveted thirty five thousand level. The current high for the year is thirty five thousand two hundred, but has so far been unable to progress. The rest of the crypto market seems to continue with its consolidation, with some of the alts performing better than others. So let's start with Bitcoin here. The Bitcoin price was trading above thirty four G's and seemingly pushing for the thirty five level. And right now we're right in between those two marks. Today, the price remains above thirty four, roughly thirty four five at the time of the live, but is unable to reach the coveted resistance level and is currently at a loss, but barely. We're, you know, kind of tinkering. And liquidation data is also interesting to monitor. According to Coin Glass, the total liquidations for the past twenty four hours are just short of one hundred million bucks. Most of these were long positions accounting for sixty three percent of the total. This shows that the bears were more dominant over the period. Now, the majority of the liquidations, as always, happened on Binance, which is the largest crypto exchange in the world, followed by OKEx and Bybit. And I'm curious, what's your go to recommended crypto exchange? Do you use Binance? Do you use OKEx? Do you use Bybit? Do you use Coinbase? Do you use Kraken? Let me know, fam. And let's now check out some of the technicals specifically for Bitcoin. Right now, as you can see, the oscillators on the left, we have three cell signals. We have seven neutral and one buy signal. And that one buy signal is the MACD, which you can see here on your screen. Now, if we scroll to the right a little bit, we can see for the summary, there's currently eight neutral signals. There's four cell signals and 14 buy signals, which is definitely a bullish indicator. And for the moving averages, which may be cut off on your screen, but I can read it to you. It shows you sell signals, only one neutral, only one. And we have freakin 13 buy signals right now. The market is ripe and ready for continuation of some momentum. So let's freakin go. Now, let's break down our next story of the day and discuss some technicals, which are definitely bullish for Bitcoin. As you can see here, there are now nearly 40 million addresses in profit. If you're one of those 40 million Bitcoin addresses in profit, make some noise in that live chat and let's freakin celebrate. I mean, that's a massive victory, to say the least. Bitcoin has more wallet addresses and profit than ever before. Despite Bitcoin's price being 50 percent below the all time highs. That's right. Right now, you can buy Bitcoin two for one special, but it's not going to last for long. So seize the moment, fam. The latest data is from on chain analytics from Glassnode showing a record number of addresses in the black. Bitcoin may be nearing 18 month highs, but its recent gains were already enough to spark the significant changes in investor profitability. Shout out to relaxing and meditation music. I the appreciate ten dollar super chat. Much love, much respect. Keep it coming. Let's go. Per Glassnode data, the number of addresses in profit as of October 30th was thirty nine point one million. This is the highest number ever recorded for the Bitcoin users and beats the previous peak of thirty eight point one million seen back in November of twenty twenty one. And does this date ring a bell? That's at the time we hit the all time high of sixty nine thousand. Now, at the time, Bitcoin itself traded at those all time highs and thus 100 percent of the addresses in existence with a non -zero balance were obviously in profit. And while the current spot price remains 50 percent lower than those levels, the total non -zero addresses now number forty eight point three million, as you can see here in this chart. And it's just likely to continue soaring and rising. Bitcoiners taking over the world. Yeah, I mean, in percentage terms and profit addresses, they have yet to match their performance in absolute numbers, but nonetheless, at 18 month highs of eighty one point one percent. Let's go. The tally has gone from 60 percent to over 80 percent over the past two months, as Glassnode shares here in the chart. And by contrast, addresses at a loss currently stand at just over nine million at their peak in December of twenty twenty two. Following the FTX meltdown, the total was over 20 million. Now, as reported, the past week has seen the Bitcoin price action pass multiple resistance levels while returning both the long term and short term hodlers back to profit. This in turn sparked profit taken at the much more speculative end of the hodler spectrum, especially as the market passed thirty four G's. Now for crypto analyst Van Stratton, research and data analyst at Crypto Insights Crypto Slate. This underscores the difference in mentality between the cohorts, quoting him here. Bitcoin has shown remarkable strength above thirty four thousand for the past five days while witnessing one of the strongest profit takings in the past two years for the short term hodlers. Now, long term hodlers have barely budged the six largest profit taking this year, but minimal in the grand scheme of things and accompanying the charts from Glassnode tracked these inflows to the exchanges from the long term hodlers and in profit to the short term entities as outlined here in these charts. Now, let's break down the 15 year birthday, the 15 year anniversary of Bitcoin. I mean, this is phenomenal that Bitcoin has been in existence for 15 years. Imagine if you would have knew about Bitcoin back on October 31st, 2008. Talk about a small circle. But yeah, today marks 15 years since the synonymous creator of Bitcoin, the one and only Satoshi Nakamoto, who Alex Jones claims Max Kaiser is maybe because Max holds as much Bitcoin as Satoshi. Who knows? But anyways, shared the Bitcoin white paper to the mailing list of cryptographers on October 31st, 2008. This was after the financial collapse, fam, and a date also annually celebrated as Halloween, quoting the the white paper here. I have been working on a new electronic cash system that is fully peer to peer with no trusted third party, as Satoshi famously said in the opening sentence before linking the document titled Bitcoin, a peer to peer electronic cash system. Holy moly. I mean, again, this is legendary. This is history in the making. You're witnessing firsthand the white paper proposed the decentralized system that could facilitate peer to peer transactions, which can solve the double spending problem often associated with digital currency in which it did. It proposed to achieve this via a network of nodes, validate and record transactions through the proof of work consensus mechanism, launching just two months later, officially on January 3rd, 2009. Satoshi's computer science breakthrough came on the back of other impressive developments in the cryptography and e -money spaces. The first reference cited the Bitcoin white paper is Wade's invention of B money, an electronic peer to peer cash system that never launched, but nonetheless played a key role in Satoshi's plans for Bitcoin and like Bitcoin B money. And I'm curious how many of you have ever heard of B money? We have all heard of B rabbit from 8 Mile, but B money, I've never heard of that one, proposed that participants in the system maintain a database of account balances, which keep track of the ownership of money. Transactions would be initiated and completed by a broadcast message to all participants, which would update the account balances of those involved in a specific transaction. In many ways, it could be seen as a precursor to the nose of the Bitcoin protocol, which keeps a record of the constantly growing blockchain. And I'm curious, how many of you run your own Bitcoin node? Let me know in that live chat. Fam, this process requires proof of work, a form of cryptographic proof in which one party proves to others that a certain amount of the specific computational effort has been expanded. Now, Satoshi implemented this into Bitcoin, citing Adam Back's invention of hash cash in 1997. Shout out to Adam Back, the creator of, I believe it's Blockstream, now, which incorporated proof of work to limit the email spam of denial of service attacks, as shared here by Crypto Leroy, the cypherpunks and fathers of Bitcoin, Hal Finney, he created the reusable proof of work. We got Adam Back, who created hash cash, Wei Dai, who created B money, David Shum, who created DigiCash. We have Nick Szabo, who created BitGold, Phil Zimmerman, who created PGP, Bram Cohen, who created BitTorrent, and Tim May, who is the crypto Antichrist Manifesto, and of course, the one and only Satoshi Nakamoto, who gets credited for the discovery of Bitcoin. Now, Bitcoin's timestamp server works by taking a hash akin to a unique serial number, a block transactions and time stamping, and when the block is added to the Bitcoin blockchain, which we all know. And as Crypto Shama points out here, also giving credit to everyone involved with some of the early developments for the technology that led to Bitcoin. So shout out to all of them, including Max Keiser. If you didn't know, Max Keiser has a patent, I believe the first one for digital currency back in the 90s. That's all on record, fam. So this is pretty amazing. Now, the genius in Satoshi was the puzzling of these pieces into a fully functional system. According to Lop, quoting him here, there is no single piece of the puzzle that I think is more important than the others. Nakamoto's genius was not any of the individual components of Bitcoin, but rather the intricate way in which they fit together and breathe life into the system. Preach. Now, mainstream media highlighted Bitcoin's increased use by criminals, which we know is nothing more than FUD. We got Senator Elizabeth Warren, also Cynthia Lummis pushing those FUD narratives, which suck. We also know Bitcoin became a legal tender in El Salvador, which was the country to adopt Bitcoin as a legal tender, which has been a game changer for their entire country. And I feel we're going to have many other nations lead in the footsteps of Bukele as well as, you know, El Salvador in adopting Bitcoin as a legal tender. So, yeah. Happy birthday, Bitcoin. I'm wishing you another successful hundred and fifty years after these 15 years. You know, the final Bitcoin is not going to be mine, I believe, until the year 2140. Crack me if I'm wrong, but that's a very long time from now. Now, let's break down our next story of the day. Valkyrie updated their ETF filing. We all know right now all eyes on spot ETF. So let's break down this latest development. Digital asset manager Valkyrie Investments, the latest firm to amend its spot Bitcoin ETF filing with the US SEC Valkyrie filed the updated spot Bitcoin ETF with the US SEC October 30th, which is yesterday, according to the SEC database. Now check it. The updated form as one registration statement from Valkyrie Bitcoin Fund aims to offer investors the opportunity to invest in common shares backed by Bitcoin. The shares represent units of fractional, undivided beneficial interest and ownership of the trust and are expected to be traded under the ticker symbol BRRR, just like money printer continue to go kind of cool on the Nasdaq stock market, quoting them here. The information in this prospectus is not complete and may be changed, according to Valkyrie, stating in the filing, adding the firm is not allowed to sell BRRR securities until the registration statement is officially effective. The amended filing comes about a month after the SEC delayed its decision on the Valkyrie Bitcoin Fund in late September. Meanwhile, Valkyrie's updated spot Bitcoin ETF joins at least six others recently amended spot Bitcoin ETF filings made by the following Bitwise, BlackRock, Fidelity, Grayscale, VanEck and ARK Invest. And according to online crypto ETF analysts, the ongoing Bitcoin ETF amendments can be translated as a good sign, definitely a good omen, in my opinion, of the progress and impending approvals. Valkyrie's latest spot Bitcoin ETF update is yet another evidence of movement happening behind the scenes. Bloomberg ETF analyst James Safart believes, quoting him here from X Update, Valkyrie joins the prospectus amendment train for the spot Bitcoin ETF. Things are still moving behind the scenes and following the recent amendments, at least five of the rest of the known spot Bitcoin ETF filers have not updated their filing. So expect them soon, including firms like Wisdom Tree, Invesco, Galaxy, Global X, Hashdex and Franklin Templeton. The SEC currently has a whopping eight to 10 filings at the desk of the chairman, Gary Gensler. But the million dollar question becomes, will Gary Gensler do anything about this and accept any of these spot Bitcoin ETFs? Congress is putting the pressure on Gary. He says you need to prove the spot Bitcoin ETFs immediately, with that key word being immediately. There's some deadlines that are due soon, including ARK 21. I believe it's January 10th. I personally feel we're going to get the green light from the SEC before the Bitcoin having creating the perfect storm. Let's move on to our next story of the day. We covered the ETF filing. Now let's discuss a potential $50 ,000 Bitcoin rally here incoming, according to crypto analysts, Michal Benday Pop, before I break down the latest with Max Kaiser recently on the Alex Jones show. Here we go. A widely followed crypto analyst believes Bitcoin has officially entered the bull market territory and is now primed for a rally towards $50 ,000 per coin. Send it and let's go. We got Michal Benday Pop, who shared on X that the Bitcoin bull market is here. I would agree. What are your thoughts, fam? Benday Pop predicts the Bitcoin will rally as high as $50 ,000 per coin in the coming months before witnessing a pullback and surging to a new all time high. Quitting the analysts here, I think we'll see Bitcoin hit resistance at 38 Gs, baby, but most likely will continue towards 45 to 50 ,000 per Bitcoin pre having after that consolidation and sideways action for a long period before we start making new all time highs. And this is the chart which you can see here in your screen, which if you analyze it, he appears to predict Bitcoin will see $50 ,000 in January of 2024. What is that? November or November's tomorrow. So December, two months. Send it. I love it. Right in alignment with Credible Crypto, who's predicting $48 ,000 in the next two weeks. Let's go. I hope they're both right. The halving, which had historically coincided with the Bitcoin bull run, slashes the Bitcoin mining rewards, as we all know, in half, which is slated for April 2024, under six months out. And for now, Benday Pop thinks Bitcoin's in the midst of a consolidation period and a dip below $33 ,000 is still on the table. Quoting him again alongside this chart, Bitcoin technically constructing a range here slight correction towards $33 ,300 and quickly bought up if the lower boundaries are reached. Probably sentiment will flip bearish the $32 ,800, but that would signal a great long opportunity touche. Now let's break down our featured story of the day and discuss Max Keiser, who was just recently interviewed on the Alex Jones show. He was invited back. And let me share with you a little the back story, just in case you don't know the back story. Now, back in the day, maybe it was 2014, many years ago, Max Keiser, being a kind hearted gentleman, went on the Alex Jones show and he gifted Alex Jones 10 ,000 Bitcoin. I don't know the exact value of the Bitcoin at that time, but I can tell you what the value of 10 ,000 Bitcoin is in today's prices. If you run the math, that is freakin 350 million dollars. Long story short, Alex Jones claims he lost the laptop that Max put the Bitcoin on. Therefore, he has none of it. So Max being the kind hearted gentleman he is, he said, let me come back on the show now. And he actually just released this episode yesterday. So this is brand new, breaking all these predictions and everything I'm sharing with you. And I'm going to give you a basic quiz on Bitcoin, Alex. And if you can answer these five questions, I will give you another 10 ,000 Bitcoin valued at roughly three hundred and fifty million dollars per coin. And so Alex invited Max on the show. They did the quiz. Here are some of the highlights of the show I'm going to be sharing with you. However, if you want to watch it live with me, we're going to be doing a live JV react session exclusively on Rumble after the show stream ends on YouTube. We're going to be watching it together where Max is quizzing Alex and I'll be reacting live to the video. It's something I've never done before. Live reacting to these videos, but I think it's going to be phenomenal considering it's brand new content. Many of you have never seen it before. So make sure you're following me on Rumble because it's going to be lit. But first and foremost, here are some of the highlights from this recent interview. I posted it yesterday exclusively. I was the first one to post the entire interview on X. I already got over 500 hearts, 166 retweets and over fifty two thousand people viewed it. Here's what I wrote. Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and warn of the suicide bankers that will destroy the world. And here are some of the quotes regarding his predictions when Alex Jones asked them, so where's Bitcoin going to go next? Where do we go from here? Here's what Max Keiser shared. All fiat money and gold eventually goes to effectively zero against Bitcoin because it's demonetizing gold. The same way gold demonetized silver, Bitcoin will be demonetizing gold. So sure, gold will be maybe two thousand, three thousand, four thousand dollars announced. But we're talking about Bitcoin eventually going to five million to ten million dollars per coin. So you're purchasing power in gold terms is almost basically nothing compared to what's happening in Bitcoin. Preach very powerful words. And there is another quote I believe that I shared here. Let's see if I can find it. I click back on here.
The Exploitation Narrative of the Democrat Party
"Need to use fancy euphemisms and terms. It's very simple. The exploitation narrative is very simple. If you are a Marxist, like most of the left are, Marxists do not believe that material wealth, whether for a country or an individual, is acquired through legitimate means, they hate it. They believe that everybody is created equal, not a constitutional sense. Basically you're unconstrained and the only limits placed upon you are in a governing system. It's as simple as this. If you got your wealth and you got wealthy you got rich of someone else. You hear it all the time. Remember Barack Obama? You didn't build that. Remember Elizabeth Warren? If you built a business, you didn't build that. The police and fire services, it's everywhere. Listen to the words of AOC, Palestinian leaders over there talking about it, The the Israelis exploited them, the exploitation narrative is everywhere. The old school ocrat, which is very few of them left, what we used to call the blue dogs, there's almost none of them left. They differed from the Republican Party on social issues. Some of them had firearms and abortion, but they generally believed in the power of America and the capitalistic They would have some probably some regulatory reforms and maybe a higher tax level, but believed they that the United States was generally a good place and meritocracy was the way to go. The New Democrat doesn't believe that at all. Here's the problem in the conflict brewing for them. It's Social that media is the great equalizer and the democratization of information and video where everybody's got a cell phone camera. It's not easy to pitch the exploitation narrative anymore and Democrats up on the hill are eating themselves alive
"warren" Discussed on Live Wild with Remi Warren
"I'm Remy Warren, and I've lived my life in the wild. As a professional guide and hunter, I've spent thousands of days perfecting my craft. I want to give that knowledge to you. In this podcast, we relive some of my past adventures as I give you practical
"warren" Discussed on Live Wild with Remi Warren
"To a heavier arrow set up, I actually found that my arrow was less affected by the wind. But there's a few things here that are key to think about. So just in practice a lot, I found that the wind tends to affect the course of the arrow more at your body than at the target. So as an example, I've just tested this and I would go use my house as a wind block and I would set the target out past my house, use the house at my body to be steady and then release the arrow and shoot. And then I would do the same thing where I would put the target behind the house and the house would block the wind from a lot of the flight path of the arrow. And then the wind would hit my body. And I noticed that it was a lot further off when the wind was hitting my body. There's a few things that you could extrapolate out of that, right? The wind's moving around is harder to get steady. And that is true. But I also feel like the arrow hasn't had as much time to stabilize. So it's coming out of the bow it's flexing from the force of the bow that it's bending its moving and it's beginning to spinning essentially as soon as you release that arrow as soon as it gets off the string. But it's still flexing a lot. And until it gets that little bit of distance to stabilize, the wind can throw it in a weird direction during that flex that creates it to go off a lot further. So that's something to think about. Something to think about, especially in the field when you know that one, it's not as easy to stay steady. And two, the wind is affecting that arrow's flight trajectory more at the shooter than it is at the target, then you can go, okay, well, when I go to make a shot or when I'm planning my stock, I need to find something where I can get behind and use it as a wind block. There's been so many hunts where I've been in the wind and I see an animal and I go, okay, I can stalk to this position, but there's a better spot here that I can use as a wind box. Maybe it's closer, maybe it's further. There's, I mean, there's been hunts where I've had that happen and I go, okay, I can get here and be however much closer, but maybe 5 yards or whatever, but I don't have a wind block, or, oh, I'm within range of my target, I can normally make this shot, but if I move ten yards closer, there's a good wind block there.
"warren" Discussed on Nationalism in India
"Into <Speech_Female> at least <Speech_Female> make an <Speech_Female> additional <Speech_Female> payment revenue <Speech_Female> payment. <Speech_Female> <Speech_Female> It was a request <Speech_Female> from his side. <Speech_Female> And to send <Speech_Female> the troupe of two thousand <Speech_Female> men <Speech_Female> <Speech_Female> chet singh offered <Speech_Female> only five <Speech_Female> hundred infantry <Speech_Female> and five hundred <Speech_Female> cavalry men <Speech_Female> so this <Speech_Music_Female> became because <Speech_Music_Female> an initial <Speech_Music_Female> calls <Speech_Female> for the <Speech_Female> coming <Speech_Female> conflict between <Speech_Female> them <Speech_Female> between warren <Speech_Female> hosting and the chat <Speech_Female> thing <SpeakerChange> <Speech_Music_Female> later on <Speech_Female> <Speech_Female> when the rebellion occurred <Speech_Female> <Speech_Female> on seventeen <Speech_Female> august. 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"warren" Discussed on Nationalism in India
"What he did. He shifted the treasury from russia. Calcutta he the organizing. Lobs army introduced or i can see established civil and criminal codes do epaulette courts at calcutta one for the civil and one criminal jurisdiction. Okay so these were few achievements but the most noteworthy was that he read discovered in diaz classical hindu and buddhist past okay. Ancient fought the ancient history of india. As we all know was the one which flourished which with only good bust which was culturally rich so he rediscovered that now. How did he do so. He established chevik society in seventeen. Eighty four under distinguished orientalist. Yes i'm using the word orientalist terror. Yes was he sir. William jones and all this was helpful laying the foundation of the cultural revival in bengal. Now here i used the word orientalist. The two important words were very important. During the speed of seventy seventy two seventy eighty five. One was orange list. Who believed in the traditions. Okay the traditional aspect in which the india was rich so orientalist believed in that the other one believed in the brand of nizing liberal who believed in the western model of everything. And who were they angeles right. So there was a clash between these two different strands of thoughts and finally each let two very important development. What was that for. Which the warren hastings had to pay the price. Now what was that. I will be telling you but before that one important incident office life related to india. I will be telling you the case of banaras. The case are we can say the rebellion of banaras which are good in the euro. Seventeen eighty one. Benaras was very important. City it was flourishing with wealth population and many other things. It was very rich in all these things from the ancient times. Now oleo the hindu rajas who were collecting the revenues and everything from the people later on what happened. They had to compel the hat to summit their taty to navarre of out now after that the took the protection from the european bar and in return. The we're supposed to pay tribute to the englishman to four williams right now. Warren hastings here. He had a lot of problems. Related to the financial straights vi- because number of battles sprouted during the speed. It between the english french and do major regional bars murata's and hide the rally of my soul so all these wars led the financial strains for this also. Warren hastings was later accused now then he was being given charge obviously had to manage their first so in case of bananas. What's happened in your. Or i can see between the ears. Seventeen seventy eight and seventeen seventy nine hastings. He pressed the demand from the chet. Singh raja jets.
"warren" Discussed on The Mr. Warren Hayes Show
"Brit ruby rosa reijo. Who is still old guber. Beloved by the by the audience. Just go back and listen to the reaction. She's been getting khris stat. Lender and anna j. She returns to a huge reaction dikachi tie. Kanji has been over for months at this point. Even fucking julia hart who can barely wrestle. She when when. I was there live both in milwaukee and in chicago watching the dark tapings audience. Pops huge for julia. We want julia chance. they've got the women to propel this division for the gut. People got people invested in these women. There is no more reason for a w to sit down on this division and say or not say anything just ignore it or leave it in the status quo that it is right now. There's no more reason to do it. It hasn't been reason for them to to let that happen for a while now. But we're right now with the hiring of ruby there is absolutely no reason zero reason for them to be like We'll just you know continue building. They've got the momentum. They've got the. They got the women's wrestlers that people want to see. They're excited about it. So at this there are no more excuses and all the excuses. Oh you have to give timeworn. Were coming into three years at this point. Three years that we've been told all aws gonna build the greatest women's division of all time. This is what we want three years. We and they have it. They have the talent they have the depth to have it so it's on them at this point to continue on with that promise that they made to us when they started when they were doing the grassroots a press conferences and what not that year before all in. That's exactly where we're at. We're still at the same point. Oh warren cova took all of their japanese stars away. Well they're they're here now. In fact they brought back reijo they brought back emmy yukos's not around you know. But in the meantime they hire a whole bunch of other people. But they're not even that relying on japanese women. And if they had been as reliant on the japanese women as the as they were and they wanted to pursue the women's vision make it stronger. You know what they could have done. Do you know what they could have done during kovin. If they're japanese women weren't around because they were stuck in japan they could iron or other women just like they did with the dudes during coveted. The pandemic didn't keep a w from hiring guys right continuing on that front all. Sorry so we can't push the women right now because all our japanese ladies are in their in japan hoops. Sorry it was a load of bullshit then and it's even worse now. This is an excuse that that you can't on anymore. Oh put warren warren. The women aren't ready for. Tv is an excuse i heard. Which isn't it's a weird. Excuse that i heard because it's not an excuse. It's an indictment. Then if a w was hiring women weren't ready to go for television. That's not my problem. That's that's making poor decision right. It was always and it still is the weirdest excuse but now they can't even go down that route anymore. They have tons of tv ready women who are ready and able to go you know..
"warren" Discussed on KOMO
"Of the new Warren. To find a physician or make an apartment. Over the Stay connected. From The.
"warren" Discussed on The Mr. Warren Hayes Show
"You at ten eleven pm. That's fantastic so later on you'll get a reminder to go comment on the mr warren hayes show Go so that's fantastic. So you can also join mr warren. He's patron or you can become a member of the channel here right here. Join the mr warren. Hey cha- channel as a monthly member and then you can have access to our post. Show the born off the clock. It's just for members once. I'm done doing the mainstream here hop on over to the postering and then we opened up the valves. I talk directly with with you guys through discord calls through chat. We talk about more wrestling tonight. We're gonna we're gonna be talking about one of the hot topics that's going on in the internet wrestling community right now. Talking about what. What makes you watch professional wrestling right. Because of the fact that everyone seems to be shitting on raw these days a lot of people's moves you don't like it don't watch it. I can appreciate that. So why do you watch wrestling. Because there's a lot of people who do watch. Wwe tickles their fancy. There's a lot of people who watch. W and that tickles. Their fancy there's a lot of fantasies to be tickled so So come and join me on the post stream. A members only the wisdom orrin. Hey shops shoe mr warren. Hey show youtube channel members only. I'll blame the headache on that one later on this evening as soon as we're done here and we'll open up and we'll talk. We'll talk talk. Talk talk talk and of course you can leave the super chat if you want and i will read your question end or comment on the air so i think. I think we're ready to do this. We're going to jump right in. We're going to start with the weekly wrestling inspection and.
"warren" Discussed on The Mr. Warren Hayes Show
"On the next twenty videos and i will do a special reward. I have something in mind. I'm gonna just double check. One thing. And i think i have something cool as a video reward for when i hit twenty something pretty fun. I think everyone will enjoy. So that's going so. That's a real easy way to support the mr warren hazel. You can also become patron of the mr warren. Hey show at paycheck dot com slash. Mr warren hazel. You can become a member of the mr warren haynes show channel which allows you to access to a bunch of emojis if you like to come in live and hang out lives you get emotes exclusive emails that you can use right here. Plus you get access to the show which happens right here on the channel but for members only and i opened up. I i take calls live. 'cause we interact with the chat and on different wrestling subjects every weekend tonight. I wanna hear your thoughts on double or nothing this weekend. I'm going to talk about double or nothing. Of course doubly nothing lead level and hate and yeah but at some point. I'd like to know what you guys think of. Double or nothing. So if you want to join us. Become a member of the mr. Warren heysham joined the mr warren hayes. Discord and jump right in you. Can you can join us via the chat. You can join us via of voice calls. It'll be a good time and if you're in the discord mods moderation team will be there to help you out as well. It's going to.
"warren" Discussed on The Mr. Warren Hayes Show
"Oh hello there. Ladies and gentlemen and welcome. Come to a special saturday edition of the mr warren hayes. Show and you. You probably know what that means at this point not to take away anyone's anyone's means here but still saturday. Mr warren hayes usually means we've got a pay per view coming up pay per view weekend at the tip of our fingers right where we are right here and it's a wwe nothing. That's happening tomorrow. Sunday may twenty seven thirty. Yeah i powered through it. All that matter But yeah that's eight. W w nothing. Twenty twenty one. It's a big show. It's a big card. So when you get the big guests. But i had to settle for john from wrestling blooded very proud of his love.
"warren" Discussed on The Mr. Warren Hayes Show
"Well hello there. Ladies and gentlemen and welcome to another edition of the mr warren as show i of course and mr warren hayes recording live right here on youtube dot com slash mr warren hayes on april fifteen two thousand and twenty one very normal day a nothing really out of the ordinary happen. We've got so little topic. So didn't minuscule insignificant topics to talk about tonight on the mr warren hayes show by one a day started off with people talking about punches and ends up with people being released. All we've got we're going to run the gamut here tonight folks on top of a and still. I still wanna talk about wrestlemainia. So got stuff to chat about. I mean we're not. There's so much stuff happened today. You've come to the right place if you want to if you want you. Can't you've come to the right place if you wanted to hear warren his talk about it you could. You'd be hard pressed to find a better environment where i would be available to discuss this to discuss these. We got a lot of stuff. There's a lot of stuff to talk about it. And i'm excited. It's a good day. It's good evening and good evening to you. Joining us live here on youtube. Dot com slash. Mr warren has i record every thursday night. Nine pm eastern. If you're watching on your own accord over on youtube or you know on your favorite podcast application and thank you very much by the way if you're listening to the audio of this. I don't think you the the the audio viewers enough but i really should. I really do appreciate it a great deal. Thank you everyone for for listening if you're listening and you're like this is cool and you can make it on a thursday night head on over come on in. I mean that's fantastic right all. We had the possibility to come and join the the exciting wonderful live chat that we have going here. Every thursday night was some wonderful. But we've got a packed ren- tonight of people us here. Ten driver of course is here. Good to see tim. Robert larry's here's we'll get to see you. Robert kelly total as well. Nice to see you. We've got mr france who is in the chat as well..
"warren" Discussed on The Mr. Warren Hayes Show
"For real though and it. Doesn't it costs nothing and it helps out a great deal. And i really really appreciate it. I also appreciate the patrons who support the mr warren. Hey show and i am still doing. My my post show weren't off the clock pitch dot com slash mr orange going live after annex t takeover to tonight ten thirtyish. And we're gonna recap it. We're gonna talk about it. I want you guys to come on in patrons tell me hey i like this. This was cool. This was not so let. We're going to be talking some takeover tonight. So if you want patriot dot com slash mr warren hayes and join us after. Of course you can always joined the mr warren hayes discord especially if you're watching takeover tonight joining on the conversation that was really fun and you can also become a member of this channel. Here you'll get some live emojis. I'll be adding some new stuff to the channel memberships here on on youtube very very soon. I'll keep you guys posted on that. I have some ideas swimming around my brain. And i want wrestlemainia week to to to disappear so we can all get to a regular schedule but i do have some things cooking. I'm excited for that. And if you also want to show some support for the mr warren hey show you can leave us. A super chat and i will read said super chat live on the air immortalize your apprentice thoughts forever and ever got a superset from gm. T thank you very much again. I appreciate it. He says you need to add. The picture of goldberg from wilkins posted earlier this week. To the pre stream role. Yeah absolutely rob wilkins of shout to raw by the way how you doing. Buddy did a fantastic photoshop. Job of me and goldberg. I will go. I will definitely add that to the to the pre roll other show. It is a funny funny picture. Jk schwab to supervise. Well thank you very much. Jk schwartz says what about impact coke coke counter. Programming skews me can use words. What about impact counter programming.
"warren" Discussed on The Mr. Warren Hayes Show
"As soon as i'm done here come and join. Come on come on over. He also doing joined the channel. The mr warren hazel channel get access to emojis. I mean if you come in you watch live. That's always a good thing. You get some extra emotes. Those are good And another great way to show support. You know if you can't be a great super easy way to show. Some support is to draw comment on this video. We're still doing the common street thing. -rupt a ten consecutive videos that at least ten comments on it so i'm excited for that and it's coming it's coming just got a couple more so The the The ten the streak reward. That i'm going to do at the very end. I don't know if you know what i'm gonna do. I but i'm gonna i'm gonna say it again. I'm going to do a live. Watch of the goldberg at fifty. Four documentary on the wwe network. I am not super excited to watch it. But i figured it'd be fun to watch with people and we all get our gut reactions together so that should be fun. That'll be the reward for hitting the ten street so we need ten at least ten comments on this video to move forward. You can't drop them just yet but as soon as the video is is no longer live. Come pop in. let's keep this going. It'll be fun fun times And and of course you can drop us a super chat and i will read your question or comment or mood on the air such vatican. Gmt left a superset. Thank you very much thinking. Says we all made us speechless. I don't know what you're talking. Are you ready finished reading this and be prepared against been promising. Something that is apparently going to blow my mind. We'll see how those so i'm ready. I'm ready for this. Are you re of finished reading it. I don't know what's gonna happen next. Also got another super. We've also got another Superjet from evan writes a big match. Debbie warren bracket busted I don't know who who exactly. We're talking about the new japan cup right. Because there's been a couple of there's been a couple of shockers here Like literal couple of shockers. So we'll see a like. I don't know i i honestly don't know what we're gonna talk.
"warren" Discussed on The Mr. Warren Hayes Show
"Well good evening there. Ladies and gentlemen and welcome to another edition of the mr warren hayes. Show i'm you do. I don't know how to do with my arms. But everyone thank you for joining me here tonight on youtube dot com slash mr warren hayes. It is march eleven. Two thousand and twenty one. What an incredible week of wrestling i have been. I have been very careful with all of my intentions all throughout the week. Like being careful as to what. I put out on twitter when i should talk about what you know because i felt it in my bones that tonight i should. I should just save everything for tonight. Just let maybe some bread. Maybe a few little mini view. Little you know a little trail believed that behind a little bit. 'cause man i wanted to. I am so ready to talk about some wrestling tonight. You have no idea all in chomping at the bit literally. Like i had i had had a bit and i was chomping on it later on i that look the important thing is is that we're all here together. Live youtube dot com slash. Mr warren hates because this is where the magic happens. Thursday nights nine pm eastern and back means that i record this podcast in front of people. I just don't like i don't do those other cowards. Right who sit behind a microphone in their studio and they start blah blah blah and talking to their pockets. And then look. This didn't sound quite right. I will retake this. Or i could explain this better. Let me retake this. No no no no. No no no no takes men of that crap. Istat you'll get pure and unfiltered warn.
"warren" Discussed on The Mr. Warren Hayes Show
"That really does help your favorite creators. not just me and creator out there. It really helps their videos. Get a little higher up in the recommendations and stuff over on youtube get more involved in the algorithm. So what i've decided to do started last week is to comment streak if we can get ten comments on the next a minimum of ten comments on the next ten videos. I'll do something special. I'll do something unique now. I started including in this the The the slate. I like in my mind. I was like okay. We'll do a common street with the mr proper in this late. But i think it's a little more difficult to get the slate because this is such a one thing in time it's like a one thing and then you know it's easily digested in route here. I think we're going to keep the common streaks. Strictly for the mr warren hayes show proper for the podcast recorded on on youtube. So if you want to jump into the discussion you can't right now because when as we're alive the comments are disabled but once the comments are enabled. I'll let you all know and you can pop back into the video onto the video and you come in and we'll start up some discussions. We had like forty seven comments on the video last week which is fantastic. We had Sixteen comments on the late last week. So we'll get the streak at two because effort was put in but we'll start officially moving the straightforward here. I think that's what we'll do. And i think that's a good idea. And it's a great way to show support for the warren. Hey show you know you guys know. I talked about super chat to talk about the patriot. I talked about joining as a channel member and those things are immediately supportive of course on. I appreciate everyone who who who donates. That's i it. Humbles me a great deal but yeah if you don't have the money and you still want to show some support you that's the.
"warren" Discussed on The Mr. Warren Hayes Show
"There. Everyone and why it sounded surprised. Welcome to another edition of the mr warren. Hey show i. Of course and the man that they had called mr warren haynes. And when i say day i mostly my parents. Because they're the ones who started it all. It's not like Like like some kind of weird nickname. That's it's just shit that happened but hello hello. Amateurs professional wrestling cut a source aficionados. That's where we're going to be talking about tonight. It's the it's march. Jesus it's march fourth. I'm not even kidding folks. It seems to me like we just switched over to the new year. Like i feel like. I still have been broken into these twenty twenty shoes yet and were already in march means winters just about its in. Its last throes with us just blows my mind but here we are and i'm glad that you are here with me as well. Ladies and gentlemen. Live here tonight on youtube dot com slash. Mr warren as because. Hey hey show is recorded. Every thursday evening nine pm eastern on the dot close to the dot the dot ish in the in the area of sadat and but but we do record live and that means that we get a bunch of people joining us live in the chat like we do every week. I don't want to take a second to say hello to everyone was taking the time out of their thursday evening to come in and sit around here and and listened to be gab about wrestling. Tim traver is here. Good to see you tim. Well got kelly s as well. Nice to see you Let's see we've got a robert. Larry nice to see you again robert as well. We also have mr fritz. How you doing mr friends good to see you got flow man. who's here. How you doing sean. Sarah hello sean. Welcome to the chat. And we have trends sean. It is the sean convention you sean. This is what this is the quality content. Y'all come for. Folks is here as well generation carney joseph with it nice to see you a cardi..
"warren" Discussed on The Mr. Warren Hayes Show
"Oh well jeez. Cut me by there. Hello welcome ladies and gentlemen to the mr warren hayes show of course of course mr warren hayes by god it is thursday. The week is almost over. We've gone through so much wrestling stuff. Hey just as far as wrestling news goes yesterday. Wednesday felt like an entire week. But i digress. They're going to get into all that. Because that's what we talk about here. On the mr ordinary pulo fashionable wrestling. It is the sport of kings. It is the the human game of chase yet. That's what we're going to be talking about. Tonight is for usual right here on youtube dot com slash mr warren. Hey let me just mute this area go all right So yeah so. Hey hey welcome. Welcome one and all and and yeah. Let's lilla let's do it. Let's get what we do here. Every thursday night recorded live. Youtube dot com this mr warren haynes. I've said that before. And when we record live that means that we get a live studio audience. We get we get some live. People joining us in the chat every thursday evening and per useful. Look who we've got a great crowd of people. Robert larry is here. Hello larry how you doing. Welcome kill he taught in cases years. Well good to see you. We've got tim travel in into chat. Hello tim Good to see. Mr france is here ben wa has joined the as well anikin gmt. Hello good to see you. Can justin fire stein. Hi how you doing justin. We've got first generation cardi j. white three being done. Nicholas nutter is. Here's how you doing. Nick nutter good to see you as well. Dgse has joined us. Evan right just popped in to get his his initial salutations. It's the kind of crosby attract here on dot com slash. Mr warren hayes. Every thursday night. And if you enjoy the judge you have other look at this nick. Wolfe is here as well. How you doing kid as long if you enjoy already. What you're seeing and listening and enjoying your hot damn hot damn that warren hayes got. He is that he's something else. Maybe i'd like to show him a bit of support. Maybe i should upload not upload but like Maybe i should like thumb up his video. That's a really good idea. You should totally totally do that. You should go and give us a thumbs up. That stuff really really does help a lot of and and you can also give us a review or subscription if you're listening to this on your favorite podcast application because yes the audio of the mr. warren hayes. Show is also available. Wherever you listen to your podcasts..
"warren" Discussed on Welcome To The Music
"Off the podcast with you introducing yourself and if you could then say the name of our podcast sure which is welcome to the music right. Sounds good yeah Hi this is meg warren. Welcome to the music. You wanna add a little bit of a week. Maybe what you do sure. Yes person meg. Yes awesome so whenever you are ready great. I'll just say hey. I'm meg warren. I'm a singer songwriter from newfoundland last toronto. And you're listening to welcome to the music. Welcome perfect.