Hello everybody. Welcome back to the channel where we talk about stuff. Don't forget to subscribe if you haven't already done so.
New videos come out every 24 hours. We've had a lot of videos recently discussing like accumulation trends and it's kind of like worse than it's ever actually been for retail investors. I know that sometimes I'm I know I'm very over-the-top, very loud, eccentric, like that kind of thing.
Uh, but understand exactly what this is and what this all means. I've noticed a lot of other times, I mean, just let's just kind of hop into it. It's just more of a there's a huge discrepancy or confusion that seems to be happening within the cryptocurrency market and amongst retail investors as to like exactly what's important or where all of this is going to go.
We had news recently about um accumulation. We've had multiple videos about accumulation for Bitcoin from governments, sovereign wealth funds. We had something recently about the accumulation levels of the ETFs have kind of also like bounced back.
We had news recently from Adam Bach who is the uh CEO of Blockstream stating that he thinks that Bitcoin's price this year is going to half a million to $1 million. Often when people hear something like that, it kind of becomes like an eye roll kind of moment because they go, "Okay, sure. Look at where the price is right now.
I'm certain it's going to go up that high. You're not really understanding what's taking place. You're not really getting the ramifications of what it means for the US dollar to be faltering, to constantly lose its value.
You're not understanding the gravity of what it means for the US dollar to have lost 99% of its value to Bitcoin over the course of a decade. You're not really getting, and I know a lot of people don't because I've seen the comments. I've seen other people talking about it.
You're not really getting how crazy the tariffs actually are and what it means for the future of world finance. In the last three weeks, we had a lot of news from investors, from analysts, people within the crypto market, outside of the crypto market, you name it, who all said that the tariffs are a gigantic turning point because it basically has let countries know that they really can't trust the word of or the currency of the United States anymore. They're not only turning their backs to it, they're beginning to dump the US dollar and in turn they're actually buying Bitcoin.
This seems like some kind of a weird fantasy world that like we constantly go over that me and you are talking about the things that are taking place because I see people not paying attention. And at this point, all I can do is really just shrug. If you get this information and it does nothing to you, if it does nothing for you, if you can't, it's not even about having like vision.
It's just listening to the news that's actually coming out there. If you hear all the time that these levels of accumulation, we used to have news of accumulation years ago from like retail investors. It was like retail investors who have between one and three Bitcoin.
This is back when Bitcoin was like three $4,000. these people are at the forefront of what's going on. That changed into companies and corporations and entities and now governments.
So, we're hearing about these levels of accumulation. We're hearing about the literal one of the main principles of Bitcoin was about ddollarization. It was about people around the world realizing that the world reserve currency isn't really backed by anything.
It's incredibly weak. It's incredibly fragile. And we saw that at the first couple of months of 2020 when trillions of dollars were trillions, if you look at them the the chart, you've definitely seen it before, where trillions of dollars worth of dollars were completely printed out of thin air.
You can't do that for Bitcoin. A lot of the news that has kind of stuck out to me personally has been from the governments. You don't know what it actually means to openly and publicly turn your back against the world reserve currency.
We're not talking about Russia or all these other countries that have to do with bricks with all this nonsense that people in crypto have been spouting for a number of years. These conversations usually take place in private. No one knows about them.
The discussion about getting away from the US dollar isn't always entirely hush hush. It it doesn't it never comes to the surface until it finally does. That eight years ago somebody had a conversation about it and it was completely squashed.
For us to get this news means that it's not only abundant, it means that it's rapidly happening. These these secretive things of getting away from the dollar are no longer secretive. Countries are dumping US bonds.
They're dumping US Treasury bills. They're openly actively buying Bitcoin. Do you remember last summer, if you weren't here, this news?
I mean, it hit me really hard because in my mind, I was like, "Okay, half a million dollars per Bitcoin is right around the corner. " And the only people who didn't understand the gravity of it were once again smaller investors. I hate saying retail, but it's the term that's used if you don't have millions and billions of dollars.
The only people who kept on selling were retail. We had a situation where there were outflows, remember from Grayscale's fund, and people believed that that was lowering the price of Bitcoin. Retail left the market.
They wanted nothing to do with it because Bitcoin wasn't immediately going to a million dollars. We had news last year about the beginning Z of the um sovereign wealth fund filings. You know how we got this and I also mentioned before these things are usually silent and private.
If you do something or invest in something from the United States through the SEC or something that is securitized and I believe if the investment is over $100 million, you have to do like a public filing. That's how we found out that some of the Nordic countries because we first of all we found out back in 2018 2019 I believe it was Norway and I want to say Finland but definitely Norway had been openly investing in Bitcoin and had tons of exposure to all these other cryptocurrency companies through their sovereign wealth funds. And then we found out this time that they all these countries held over $und00 million plus in shares from the Bitcoin ETFs only because of their SEC ETF filings.
I know some days the the mood on the channel is very different than other days. It depends on how much green tea I've had, if I have enough caffeine inside of me to produce enough energy. But I really I honestly do worry about the cryptocurrency space because of what it's become and because of who's no longer in this space.
I think a lot of the original Bitcoin people are still here like from years and years ago. They understand what Bitcoin is for, who Bitcoin is for. But I think the average person doesn't know what Bitcoin is for, and they also don't care.
And some of you might even sit there and say, "Yeah, I don't care. It's about making money. " But it's not.
You're witnessing the literal shift of what we know as money. For 10,000 years, we used rocks. Have you ever looked at like the history of money?
We used rocks. We use stones. We used to use seashells.
We used to use things that we could carve into to make like whatever symbol for money that they had back then. And that was the thing. At some point, people were able to dig deeper into the planet and they found metal and they said, "This is shiny and I like it.
" That that's all it was. It wasn't anything magical or different. It's pretty.
It reflects stuff. They they figured out how to like what temperature they needed to melt it and then they started trading that. Couple thousand years later, people began to carve the faces of their leaders into it and said, "This is what we use as money.
" At some point, people made paper money. If you if you've ever looked at the history of what paper money is and how it began, especially in the United States, you know that each individual state had their own money. There were union bucks and a whole bunch of other things.
If you went to another state, you literally had to go to one of those counters and like actually exchange your money for like for that other state's money. And then that became like the United States dollar. 1945 after WW2 that became a whole different thing where the US was like, "No, everyone's just going to use ours.
You have to sometimes start and finish your transactions in this currency. " Somebody created something 16 years ago that's digital. It doesn't exist.
You can't touch it. It's not it's not there, but it exists. It has value because we say that it has value.
And now these countries, these these provinces, these lands who thousands of years ago used seashells and used metal and used pieces of paper with ink on it are choosing to throw billions of dollars into this new number that's on a screen in rapid succession because of the hyper devaluation of the US dollar. And then we get news that it's not, as I said before, even one would be symbolic. If we heard that Norway only had one Bitcoin, if we heard that the United States only had one Bitcoin, that's still tremendous.
But to hear that they have hundreds of millions and billions of dollars worth of Bitcoin as they move away further from the US and the US dollar. And then people within crypto just complain on Twitter. Everyone seems so unfocused.
No one is actually connected anymore. We used to have some level of community within the cryptocurrency space regardless of which coin you were in. There was a literal Cardano community.
There was an XRP community. There was a group of people who really understood Bitcoin. They might have bickered, but there was still community in the space.
It's a very like every man for himself kind of place right now. And even that doesn't work because people aren't worried about themselves. They're worried about other coins that don't make sense or other investments that aren't going to provide the exact same return.
I don't get how you can hear that governments are mining Bitcoin, governments are buying Bitcoin, and you sit there and you think it has no future or that the price isn't going to go higher or that things won't be denominated in Bitcoin. You heard about uh what were they called? The Blockchain Group.
This is a news story from around a week ago. A company in Europe called the Blockchain Group has announced that they're going to mimic exactly what Micro Strategy and Capital 21 is doing. Capital 21, who's also mimicking what Black Rockck is doing, but on another scale.
They all want a million Bitcoin. There's not a million Bitcoin for each of these companies to be able to acquire. They're going to get as much as they possibly can, and they're going to drain the market.
It's going to be dry. there won't be anything left for you, your friends, or your family. It sounds like a joke, but it's what's happening.
We keep seeing the amount of Bitcoin on crypto exchanges dwindling, falling all the time, rapidly, and people within crypto, you look at the prices and you go, "Well, the price didn't move. Why should I care? " We get news daily about how much Bitcoin these companies are buying, these institutions are buying, how much this person is buying, how much that person has.
I'm plan on buying more. I want more. I need more.
I'm going to have all of it. Where where do where do you think this is all going? Do you think this is all for show?
Do you think these people are joking around and like playing like buddy buddy? This is going to be if not the a world reserve currency. We know this already.
You know how much Bitcoin is going to be worth in the future. What's what's the confusion? What am I missing?
What may is is it something that I haven't caught on to? Can someone tell me what the what the real answer is? What governments are actually buying?
What they're actually investing in? You heard that governments are buying up Bitcoin and you went after a meme coin? You think Salana's the answer?
I saw an article talking about Tron did a lot of transactions in April and I'm like, I don't give I don't give two craps what Tron did. Tron's in the news twice a year because the guy bought a banana. So, as we move forward in life in this space, as prices recover, as things with the tariff uncertainty continue to be uncertain or certain or disappear, the US dollar was going to disappear regardless just based on time.
But it's been accelerated rapidly recently. Bitcoin is going to take over everything. There was something I don't know, you must have seen it.
This was I forgot the name of the state. There was one of the states uh that was going to adopt Bitcoin as a reserve asset. It got all the way to the the mayor or the governor or something like that.
And she vetoed it. And I saw a lot of people on uh Twitter like visibly like really really angry. They were calling her names and she's this and that and so and so and all I could think was like this doesn't matter.
We've heard for years from all these wealthy people from the same companies and corporations who were buying Bitcoin now in mass years ago. They made fun of us. They hated us.
They called us names. Do you remember when Warren Buffett was like, "Bitcoin is rat poison squared. No one should be investing in Bitcoin.
" Bitcoin was at $1,500. That's $1,500. Jaime Diamond, the head of um JP Morgan, he used to sit at conferences telling people, he told at some point, he said, "If any of my employees are into Bitcoin, you're going to be fired because Bitcoin's garbage.
Bitcoin's terrible. Bitcoin was at like $6,000 then. I don't care what these people say.
I look towards actual actions. You can't tell me that Bitcoin is bad and no one's using it because I know that people are using it and that people are buying it. If you tell me that Bitcoin's bad, I need explicit information as to why.
Do you remember? Also, this was maybe two or three years ago when Tesla was um accepting Bitcoin as payment and then at some point Elon Musk said he's like, "No, like we're not going to accept it anymore. " Because he he wanted more than 51% of uh Bitcoin being mined to come from green sources.
And everyone was like, "Yeah, Bitcoin's garbage. Bitcoin is not green enough. " And I was like, "I don't care what that.
" First of all, he's crazy. I don't know who needed to hear that. I don't care what he says.
I don't care what anyone says. Bitcoin's not for these people. Bitcoin's not for billionaires.
It's not for hyper mega rich millionaires. It's for everyone else to get away from the old system. You see that the old system is collapsing in front of your face.
Eggs are $15. Milk is $9. 99.
And you see governments, the news that is normally hush hush, announcing, and we see it on paper, we see it on the screen that they're moving away from the garbage that you're holding, the US dollar and fiat currencies, and getting into Bitcoin. And people within crypto go, "Well, the price didn't move. " It really boggles the mind.
It's not a joke when I've said in other videos, not everyone's going to make it. There's this idea that because you're here and you hear my words that you're going to make it, you need actual action. Why do you think so many retail investors are constantly always selling?
It's because they're only here for the quick fast money. They don't they don't understand and don't care that inflation is happening to the currency that they plan on swapping back into, that they're not going to be able to retire, that they're not going to have a proper pension, that their 401k is going to completely dry up, that eggs are going to be $38 in less than 10 years. It sounds like a joke.
Look at where we were 10 years ago and then 10 years before that. Now imagine 10 years into the future and 10 years further. We're talking about in the next five years Bitcoin's at a million dollars.
That sounds pretty cool. Where's Bitcoin's price in 15 and 20 years? What happens when everything is denominated in Satoshi's?
Why do you think all these people are like, "No, like we're going to see a $24 million Bitcoin. It's not hopes and dreams. This is why they're buying all of it.
" You think you think these people are saying out loud that Bitcoin's going to $18 million and then spending $7. 3 billion because they're trying to trick you. Well, yeah.
Um, always remember what's happening, what you're seeing, what you're hearing, what's taking place, where the money's going. Um, you are the one who should be able to benefit from all of this. Um, but we'll see what happens in 15 years.
Well, I hope you all enjoyed. I hope you all are having a great day, morning, afternoon, evening, wherever you are, wherever you might be. I do hope it's absolutely fantastic.
Thank you all once again for watching, listening, liking, commenting, and supporting. And I will most certainly be talking to you all soon. See you.
