and I think the analogy I mean maybe I've used it before you know one can extend it dangerously but if you go back to the 1920s in Germany where you saw hyperinflation cryptocurrency is the greatest wealth transfer since 1920s Germany says investing expert Michael Howell the question was how did people react to that now what you saw in 1920s Germany I'm going to share with you this full clip as well as the country of Argentina just pumped and dumped their own meme coin watch today's whole video I need to share this with you because as
the Bitcoin price continues to consolidate as we wait for a potential breakout or break down where we are today is looking very similar to like here like here and like here in previous Bitcoin cycles and Michael how really does a great job in explaining on why this wealth transfer is happening and even in just the last 90 days as the Bitcoin price consolidates in the past 90 days Goldman Sachs is now Shilling BTC swaps options Financial products both State Street and City Bank will now custody BTC and E Abu Dhabi is now actively buying through
the Black Rock ETFs as explained yesterday also in the last 90 days Larry thinkink is now on the record of BTC 2 between 500,000 and 700,000 per coin Saab 121 has been rescinded the Strategic Bitcoin Reserve bill has been introduced by Senator Lumis that seems like like a lifetime ago but that just happened in the last 90 days also Charles Schwab is naming a head of crypto for their organization all while Bitcoin consolidates but this generational shift in wealth we've seen something like this before in the 1920s watch this 90c clip from real Vision then
I'll react now what you saw in the 1920s Germany well the older Generations um basically buying what they' always bought which were bonds because that was always the safe asset that's what they've been told but their wealth got wiped out their younger Generations were buying equities they were told by their peers you're idiots okay don't buy equities they're fragile uh okay but equities went up dramatically in in price because they were inflation Hedges so there was this whopping great wealth transfer in Germany in the 1920s for the old generations to the young Generations uh now
obviously there were political consequences let's not go into that but the wealth transfer was very very significant now if you look at what's happening now I think you're getting a parallel because you're getting a monetary inflation okay we're not having a hyperinflation we're getting a monetary inflation the older Generations are saying well what you going to do you just buy value stocks okay this is what we've always done that's what's going to make you money okay uh and the younger Generations are saying well I know don't understand that we're going to buy crypto or whatever
it may be or Tech because we understand that uh the older generation say you're mad you know and then you know once children turns around and say well okay well I bought Bitcoin at $200 uh you know good luck there this is where you get the wealth transfer and this is one of the things that people really don't understand when they look at bitcoin's Price action the consolidation in between the demand Zone and the supply zone is that Bitcoin like always is being transferred from short-term traders to long-term holders and look at this chart the
mainstream media won't share with you data charts like this I will but this is bitcoin's realized cap looking at Old whales versus new whales and how you can really think about this is those older wallets that have held Bitcoin for a long time or newer wallets and it's really been the new Wales the institutions the governments the Abu Dhabi Sovereign wealth funds that have been buying up all the Bitcoin in a little game of catchup really just in the last 12 to 14 months and it makes sense this is a race and While most protocols
won't make it some will listen to 2 minutes of CEO of cardano Charles hoskinson explaining where we are just how fast mass adoption is happening right now and the Inconvenient Truth that a lot of people in this space don't want to admit is we're our competitors are not ethereum and salana or even Bitcoin it's Microsoft and Apple Google and Amazon what's what's going to happen is when the regulations get passed we're going to wake up and they're going to be like hey by the way let you know like Android now has like a default crypto
wallet how about that and and then you wake up you see Facebook oh by the way it's like there's a default crypto wallet now on Facebook and then they're like oh wow Windows has like a crypto wall in it you say but I don't know if that's great like do you understand like how much of a user Advantage they have not just the user count your phone is a ledger a lot of people don't realize that there are trusted execution environments in your phone that are better than what Ledger and treasure have so if Google
or Apple wills it they can just like do some stuff and then you wake up and you have a hardware wallet on your phone that also is three Factor authentication with a pin code your fingerprint and uh you know uh and a trusted Hardware device plus you have your cloud backup that's connected to your Google account or your Apple account and it's encrypted in special ways so you have like the best account recovery and it just works on all of your devices oh and by the way they're money service businesses Google pay Apple pay this
type of stuff so they'll have a stable coin or they'll partner a circle for it and then suddenly everybody's onramp into crypto so this revolution is happening now most of my peers most of your peers are sleeping on this it's never been a better opportunity to keep tabs to make money in crypto today make sure you click subscribe to stay up to dat on the crypto Market because look how fast things are happening you thought it was bad when the hawk two a girl rugged you now presidents are rugging their citizens and this was Javier
Malay new president of Argentina hours ago now it was yesterday Argentinian president Malay launched a meme coin called Libra for the growth of their economy within 5 hours over $4.4 billion of market cap was erased and two things I do have to say right off the bat meme coins are legal it's insider trading that's not legal meaning launching the meme coin on its own isn't bad or it's not illegal it's The Insider dumping on the Argentinian people and the regular people Americans saw this immediately fomed in and they got dumped on too by insiders cashing
out I actually loved this breakdown from Crypt Nick on what exactly just happened in the last 24 hours if you're waking up this morning and you participated last night in Javier M's crypto coin that got dropped uh things have evolved he deleted all the tweets all of his posts on Instagram and Facebook and then posted an update stating uh effectively going after the quote rats that TR tricked him into posting these things and that he was fully manipulated and that they're all evildoers essentially it's completely nonsensical he's clearly in on the scam and essentially just
took advantage of the entire crypto ecosystem and everybody that buys meme coin and it is unfortunate because Javier Malay has always been such a Bitcoin bull a Bitcoin a free money non-governmental non debas money like Bitcoin he was a fan it All Began actually with this post at 51 p.m. eastern time last night liberal Argentina grows this private project will be dedicated to encouraging the growth of Argentine economy by funding small Argentine businesses startups the world wants to invest in Argentina and then he listed the contract address and encouraged people to buy Libra and there
were signs that this was sketchy there's always little Whispers for example right off the bat something seemed off about this project the website that he linked to said the purpose of this launch was to boost the Argentine economy by funding small projects that's okay on its own but then the website literally linked to a Google form to apply for funding I mean doesn't look too professional and the domain was only registered for a one-year registration period meaning did they not plan to continue this past a year well within 3 hours of the launch insiders in
Libra began Cashing Out according to Bubble Maps over $87 million were cashed out within the first 3 hours and furthermore 82% of Libra was held in one cluster and no tokenomics were shared with the public now every everybody that shilled it is now trying to distance themselves from it Javier Malay has posted that he was not aware of the details of the project has now deleted all tweets obviously this is an ongoing story click subscribe for daily videos
