I'm beginning to think bitcoin really is going to go the way of gold, hodled by government then sold off and the debt cycle will be building yet again, how much gold was confiscated by the US Government ?
I'm thinking this too. But considering the level of corruption and how Trump ran his last presidency, I think this is all for profit. It still makes me bullish but also worrier for the long term future of BTC.
Where'd you get the idea it was against Aussies - After all, the Springboks lost - can't be against the Aussies.... (and, yeah, I'm an Aussie!) Much more likely to be the All Blacks (as Robotarchie suggested)
The US will buy BTC as it is the biggest competitor against the dollar (their biggest weapon) and the channel of monetary rivalry from Russia and China.
If ya really wanna know how a bill becomes law, as an American i can tell you....$, people pay large sums of cash to politicians, if you pay enough...thankx for coming to my ted talk...lmao
USDT is not backec by "riskier" assets. USDT is backed 1:1 by United States Treasury Notes. All of the other assets on their book, the Chinese bonds, the Mexican bonds, the Euro bonds, and the gold, back the Yuan stablecoin, the Peso stablecoin, the Euro stablecoin, and the gold stablecoin, respectively. As for their bitcoin holdings, they do not specifically back USDT. Tether's bitcoin holdings are just... a corporate treasury asset.
Why would you mention ETH and SOL specyfically, where there is plenty of other blockchains that support smart contract and can be settlemnt layer for payment? Feels like suggesting that this 2 are somewhat special and better than other.
5:44 the news on Senator Lummis proposing the US buy 1 million BTC (cost 68 billion USD at current prices). Where are they going to get the "digital USD" to buy BTC? Are they going to bill the tax payers on it? Who will end up paying the debt on "digital USD"?
VP Harris has spoken well of crypto. It appears that the industry is being seen more and more as an inevitable development among Washington denizens of either party. However, fans of crypto should note well that either party is owned by the rich and pwerful, whatever populist claims they may make.
I may have missed something please assist.....I thought if the bill is not signed by the president it is considered a pocket veto. did something change?
regulation basically. There is no centralized regulatory body for stablecoins vs a central bank that would provide regulation over a CBDC. also stablecoins are decentralized vs a CBDC
Stable coins are owned by a private company which can give you a twenty page 'Service Agreement' that may or may not be unconstitutional. The government will use this private entity as a 'workaround'; i.e. Tether (backed by US debt) will affect monetary policy, surveillance & censorship. Kind of like the way it worked with Twitter.😮
All for better crypto legislation here in the US... But also not willing to further trash our democracy either. Voting blue for sure, literal freedom in this country is more important than gaining wealth here
@@xcosmiccrunchx yes, but most cryptos are traceable and gains taxable thanks to KYC. The original point was to use them outside the system between individuals directly, not as investments to convert into fiat.
Ripple is a scam, the ledger works but the version they sell to banks doesn't use XRP nor will it use RLUSD. You are funding extravagant lifestyles, salaries, and workings of a company that will never make good by you.
Yes, they’re being sued by the government, but they’re paying a fine and the once the court settles it will offer clarity. Still not enough to be certain of xrp.
Yes, we all thought clarity would be helpful but leave it to government to find ways to corrupt a good thing. We, as global citizens, must stay awake, watch, and actively voice our opinions. RFK understands the complexity of economics, money as a commodity and the only hope for protection of personal digital privacy.
@@MushiMushiwc1uu It is proof of stake, therefore it is not decentralized. You think the government doesn't know who the cardano team is? All they would have to do is go to the team and tell them that they must freeze the "criminal" transactions and they will comply.
@RyanMasog They can't, because it is decentralized. There are no Genesis keys, no single person can make changes to the blockchain. Not even Charles. Cardano is the People's coin now. Shutting down cardano would be like trying to shutdown bitcoin 😂😂😂
@@MushiMushiwc1uu So you are saying that it is impossible for the cardano team to change the code? You are saying that the cardano team doesn't know how to change the code?
they want to compete with tether's AUM, tether had very few employees when it reached 65 billion mcap. meaning it had the highest AUM per employee ever lol
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I'm beginning to think bitcoin really is going to go the way of gold, hodled by government then sold off and the debt cycle will be building yet again, how much gold was confiscated by the US Government ?
I'm thinking this too. But considering the level of corruption and how Trump ran his last presidency, I think this is all for profit. It still makes me bullish but also worrier for the long term future of BTC.
History repeats itself, in some way, shape or form. Let's hope its better this time around
Cheers Guy
Everything is dropping right now but these 💎 hands will never crumble 💪🏽
Yeah same here
Have some dry powder when BTC drops to 48-45K
@@aijcr that’s okay my averages on a lot of my alts and btc are when it was 20k so there’s no losing still 🥱🥱🥱
@@aijcr been holding since 20k so no losses
Legend status ☑️
3:27 Love the cheeky jab at the ZA Rugby team, Aussie vs ZA Rugby = the 2nd best rivalry ever, haha ;) As South African, I approve!
AB's 'hugely disappointed'!
Where'd you get the idea it was against Aussies - After all, the Springboks lost - can't be against the Aussies.... (and, yeah, I'm an Aussie!) Much more likely to be the All Blacks (as Robotarchie suggested)
Love the the SouthAfricans 😂
Thanks guy..
The commercial on 3:35 forward cracked me up. GENIUS !!!! (You really do have a funny side of you)
Thank you ❤
love this
The US will buy BTC as it is the biggest competitor against the dollar (their biggest weapon) and the channel of monetary rivalry from Russia and China.
so Stable coins are just going to be digital Fiat? if banks and states can issue them? sound like current system
Help me understand this. We have US politicians that are against Bitcoin yet the US Govt. “actually owns” Bitcoin?
They own stolen bitcoin
It’s Bitcoin they have confiscated from ‘bad players’ in crypto. It amounts to quite a lot!!
@@jayread3920 they should that Bitcoin and any monies from drug busts and reinvest back into the country
You nailed it 😉
It’s like coke
I am waiting till RLUSD comes out
thanx
If ya really wanna know how a bill becomes law, as an American i can tell you....$, people pay large sums of cash to politicians, if you pay enough...thankx for coming to my ted talk...lmao
Senator Lummis is on Bankless
If anyone is interested in her story.
USDT is not backec by "riskier" assets. USDT is backed 1:1 by United States Treasury Notes.
All of the other assets on their book, the Chinese bonds, the Mexican bonds, the Euro bonds, and the gold, back the Yuan stablecoin, the Peso stablecoin, the Euro stablecoin, and the gold stablecoin, respectively.
As for their bitcoin holdings, they do not specifically back USDT. Tether's bitcoin holdings are just... a corporate treasury asset.
😂 I thought you was going to start breaking dancing. - RAYGUN
US leadership (raygun) beating the shit out of crypto (The Dance floor) while WE just watch...😅
Why would you mention ETH and SOL specyfically, where there is plenty of other blockchains that support smart contract and can be settlemnt layer for payment? Feels like suggesting that this 2 are somewhat special and better than other.
@CoinBureau when will you review Fantom again. We need updates
Interesting
Crypto All Stars' new player rankings got me grinding to improve my team. 💪⭐
G.G = Mr. Burns.
You didn’t mention PYUSD😮
5:44 the news on Senator Lummis proposing the US buy 1 million BTC (cost 68 billion USD at current prices). Where are they going to get the "digital USD" to buy BTC? Are they going to bill the tax payers on it? Who will end up paying the debt on "digital USD"?
You forgot to mention that Circle is Jaime Dimon coin
Circle is not a crypto it is a publicly traded company
I for one don't want governments to have that much voting power on the BTC chain. Not them, and not banks. Both hare antithetical to the project.
VP Harris has spoken well of crypto. It appears that the industry is being seen more and more as an inevitable development among Washington denizens of either party. However, fans of crypto should note well that either party is owned by the rich and pwerful, whatever populist claims they may make.
at least you had the correct rugby jersey on….. Go Bokke!!!
The world is run by gangsters, for gangsters….
I may have missed something please assist.....I thought if the bill is not signed by the president it is considered a pocket veto. did something change?
In a recession will people buy Dogecoin or Bitcoin. Will they shop at Walmart or high end malls.
What's the difference between a government-issued stablecoin and a CBDC?
regulation basically. There is no centralized regulatory body for stablecoins vs a central bank that would provide regulation over a CBDC. also stablecoins are decentralized vs a CBDC
CBDC should be deemed “Control Coin”
Stable coins are owned by a private company which can give you a twenty page 'Service Agreement' that may or may not be unconstitutional. The government will use this private entity as a 'workaround'; i.e. Tether (backed by US debt) will affect monetary policy, surveillance & censorship. Kind of like the way it worked with Twitter.😮
Great skit Guy.
This reminds me of School House Rock. “ I’m just a Bill”
But Guy, 1) Buy a Mach 3 and 2) Your dopamine level has dropped to slightly bearish over the years to level 5.
All for better crypto legislation here in the US... But also not willing to further trash our democracy either. Voting blue for sure, literal freedom in this country is more important than gaining wealth here
You sound confused
RLUSD
The future highway of mone!? XRP!
None. That’s the point of crypto.
There's regulation on cash and you can literally buy drugs with it without being tracked.
@@xcosmiccrunchx yes, but most cryptos are traceable and gains taxable thanks to KYC. The original point was to use them outside the system between individuals directly, not as investments to convert into fiat.
I think Lummis' idea is based on BTCs future price.
Those who hold will be rich the next bull run. Keep loading up🔥🙌
To sum up 'Clearly we can't go on like this. Politicians don't get this.
Your t-shirt 🤔 Much occult symbolism 👁️🗨️
Did we forget to mention ripple, and their stable coin is coming out RLUSD. And also the fact that they are seeking regulatory clarity in the US?
Ripple is a scam, the ledger works but the version they sell to banks doesn't use XRP nor will it use RLUSD. You are funding extravagant lifestyles, salaries, and workings of a company that will never make good by you.
Yes, they’re being sued by the government, but they’re paying a fine and the once the court settles it will offer clarity. Still not enough to be certain of xrp.
1:15 in and you've already skipped over lobbyists?!?!?????
If ya fade SLCTY, that's gon be on you tbh! Don't fade!
2:15 Then the bill is filibustered and never talked about again
Cardano
Which U.S.?
No mention of ripple stable coin which fits all the requirements?
Da Nile ain’t just a river in Egypt!
Not even a year ago you were claiming that regulation is a "good thing".
Yes, we all thought clarity would be helpful but leave it to government to find ways to corrupt a good thing. We, as global citizens, must stay awake, watch, and actively voice our opinions. RFK understands the complexity of economics, money as a commodity and the only hope for protection of personal digital privacy.
18:23 LOL, no shot.
Weep
Diamond hands
@monkeypoxsol is just a no brainer. Ape in, lock your coins for possibilities of future rewards.
RLUSD Video?
Guy is in Denial of XRP!!
USDM on Cardano, can't be froze or clawed back
Why can't it be frozen? Cardano is a proof of stake chain which means that the programmers can go and change the code at any time.
@@RyanMasog Well, not if the blockchain has governance and is decentralized.
@@MushiMushiwc1uu It is proof of stake, therefore it is not decentralized. You think the government doesn't know who the cardano team is? All they would have to do is go to the team and tell them that they must freeze the "criminal" transactions and they will comply.
@RyanMasog They can't, because it is decentralized. There are no Genesis keys, no single person can make changes to the blockchain. Not even Charles.
Cardano is the People's coin now. Shutting down cardano would be like trying to shutdown bitcoin 😂😂😂
@@MushiMushiwc1uu So you are saying that it is impossible for the cardano team to change the code? You are saying that the cardano team doesn't know how to change the code?
Blok van der Chainhuizen xD
they want to compete with tether's AUM, tether had very few employees when it reached 65 billion mcap. meaning it had the highest AUM per employee ever lol
Miss her already
Early.
2:30 I have literally seen picture of Biden relaxing on beaches in vacation for 2 weeks straight
So that means these past few days...
Nice but the SA bru accent needs a bit of work 😂
Jill ah brand.
Guy grows an over hairy body😜😜
RLUSD on the XRP ledger!
Make something about LUNC and USTC very interesting now.
Why you never speak about XRP?
Because it's the longest running scam in crypto.
NO DIGITAL LEDGER IS WEALTH !!!!! EITHER WAY !!!!!!!
lol
OK!!!! THANK YOU!!!!!
@@dogefromthefuture YOU WELCOME !!! LOL
RLUSD coming soon!
Blood donation is a oxygen share among humans animals. World planet
Semen donations is a oxygen share among humans animals world planet
Money donation is a oxygen share among humans animals world planet
#DogElonMars
TRUMP 2024. 😁
Trump..lock her up...at acceptance dinner gave her a standing ovation...😅😅😅
Soros and Fink
Government buy Bitcoin, is ridiculous.
Those little promo video things are the cringiest thing ever! I can't watch more than a second who's idea were they!?
Clown hahaha 🇿🇦
Third comment 👌
Puerto Rican male here voting for TRUMP!! Get out and 🗳.
First comment
Second
ummm who cares?
Nonce
MAGA
ya ya for shuwa
poodlanaが期待できる!