BOMBSHELL Report Exposes The Next El Salvador?

Summary

The video discusses the growing awareness and adoption of Bitcoin in Singapore, with a significant number of people planning to invest more in Bitcoin despite its volatility. It highlights a recent survey showing 48% of Singaporeans intend to double down on Bitcoin in the next 12 months and 55% prefer direct investment in Bitcoin over ETFs. The video also draws parallels between Singapore's economic rise and the potential for El Salvador to follow a similar path, both in terms of economic policy and Bitcoin adoption. The speaker emphasizes the importance of self-custody of Bitcoin and the potential impact of Bitcoin ETFs on the market.

Takeaways

• 📈 Growing awareness of ETFs in Singapore, with 51% of people being aware and 48% planning to add more Bitcoin this year.
• 💡 39% of people in Singapore view Bitcoin more favorably, indicating a positive sentiment towards cryptocurrencies.
• 🚀 48% of Singaporeans plan to double down on Bitcoin investments in the next 12 months despite economic challenges.
• 💰 Singapore's rapid economic growth is highlighted by its GDP per capita, rising from a flatline between 1870 and 1970 to a parabolic increase.
• 🏦 Singapore's Sovereign wealth fund is one of the largest in the world, at $545 billion, reflecting the country's wealth and economic success.
• 🌏 Singapore's high GDP per capita places it second on the global list, behind Luxembourg, and ahead of most Western nations and wealthy Middle Eastern countries.
• 📊 The historical Southeast Asia currency crisis in 1997 is noted as a reason for the region's cautious approach to centralized financial entities.
• 🔄 55% of Singaporeans prefer investing directly in Bitcoin rather than through an ETF, showing a distrust in centralized financial products.
• 🌐 The rise of Bitcoin and cryptocurrency adoption in Southeast Asia, including Singapore, is highlighted as a significant trend.
• 🔍 The comparison between Singapore's economic policies and El Salvador's adoption of Bitcoin as legal tender is explored, drawing parallels between the two nations' approaches to financial innovation.

Q & A

What is the significance of the growing awareness of ETFs in the context of the script?

The growing awareness of ETFs is significant as it indicates a shift in investment behavior and a potential increase in the adoption of Bitcoin in Singapore, with 51% of people being aware of the ETF and 48% planning to add more Bitcoin to their investments.

How has the Bitcoin ETF influenced the perception and adoption of Bitcoin in Singapore?

The Bitcoin ETF has been a game changer for Singapore, as it has contributed to the increased adoption of Bitcoin, with 48% of surveyed individuals planning to invest more in Bitcoin and 55% preferring to invest directly in Bitcoin over an ETF.

What historical event is referenced in the script that impacted the trust in centralized entities in Southeast Asia?

The Southeast Asian currency crisis of 1997 is referenced as a significant event that led to a loss of trust in centralized entities, which may explain why Singaporeans show a preference for direct Bitcoin investment over ETFs.

What is the significance of Singapore's GDP per capita in relation to its Bitcoin adoption?

Singapore's high GDP per capita, ranking second in the world, indicates a high level of economic development and wealth. This economic status may contribute to the country's significant interest and adoption of Bitcoin, as people are more likely to invest in diverse assets, including cryptocurrencies.

How does the script relate the rise of Singapore to its current Bitcoin adoption?

The script suggests that Singapore's rapid economic rise, from being one of the poorest to one of the richest countries, has created an environment where innovation and new financial technologies are embraced. This context has made Singapore particularly receptive to adopting Bitcoin.

What is the role of Lee Kuan Yew in Singapore's development and how does it compare to El Salvador's approach to Bitcoin?

Lee Kuan Yew played a crucial role in transforming Singapore into an exporting country with business-friendly policies, zero tolerance for corruption, and a focus on public education. His leadership is compared to El Salvador's President Bukele, who also aims to innovate and root out corruption, albeit through different means, including the adoption of Bitcoin.

How does the script suggest the broader significance of Bitcoin adoption in Southeast Asia?

The script suggests that Bitcoin adoption in Southeast Asia is not limited to Singapore but is a region-wide phenomenon, with countries like Hong Kong, the Philippines, and Indonesia showing high interest and adoption rates. This regional trend could have significant implications for the global cryptocurrency market.

What is the stance of the Monetary Authority of Singapore on Bitcoin?

The Monetary Authority of Singapore has a cautious stance on Bitcoin, describing it as a speculative and volatile asset. They have not approved Bitcoin ETFs for retail investors, advising them to be wary of the risks associated with investing in Bitcoin.

What does the script imply about the future of Bitcoin in Singapore and the region?

The script implies that Bitcoin's future in Singapore and the region is promising due to the high level of interest and adoption. Despite some regulatory challenges and warnings about volatility, the trend suggests that Bitcoin could continue to grow in popularity and become a more integral part of the financial landscape.

What is the main message the speaker is trying to convey about Bitcoin and investment in the script?

The main message the speaker is trying to convey is the importance of taking custody of one's Bitcoin rather than relying on ETFs or exchanges. The speaker advocates for self-custody as a way to truly own and control one's Bitcoin, which is seen as a safer and more beneficial approach to investing in the cryptocurrency.

Outlines

00:00

📈 Singapore's Bitcoin ETFs Impact and GDP Growth

This paragraph discusses the influence of Bitcoin ETFs in Singapore and how this correlates with the country's economic growth. It highlights a survey showing that 48% of Singaporeans plan to invest more in Bitcoin and how this sentiment is tied to the nation's rapid economic rise. The speaker references Singapore's flat GDP per capita from 1870 to 1970, followed by a dramatic increase, positioning Singapore as one of the wealthiest nations. The adoption of Bitcoin is seen as a significant trend in this economic narrative, with the speaker drawing parallels to El Salvador's Bitcoin adoption and its impact on the country's economy.

05:02

🌐 Singapore's Sovereign Wealth Fund and Regional Bitcoin Adoption

The focus of this paragraph is on Singapore's Sovereign Wealth Fund and its significant size compared to other nations, as well as the broader context of Bitcoin adoption in Southeast Asia. The speaker emphasizes Singapore's fund, which stands at $545 billion, and contrasts it with the GDP of El Salvador. The narrative then expands to include other Southeast Asian countries, noting their high Bitcoin adoption rates and the region's potential to become a cryptocurrency finance hub. The speaker also mentions the challenges faced by Singapore and Hong Kong in this endeavor, despite their ambitions.

10:03

📊 Historical Economic Shifts and Bitcoin's Role in Southeast Asia

This paragraph delves into the historical economic shifts in Southeast Asia, particularly focusing on the currency crisis of the late 1990s and its effects on the region's trust in centralized financial systems. The speaker hypothesizes that this historical context may contribute to the current preference for decentralized finance and Bitcoin in Singapore. The discussion also touches on the leadership of Lee Kuan Yew and his role in transforming Singapore's economy, drawing comparisons with current leaders who are adopting Bitcoin-friendly policies.

15:05

🚀 Singapore's Bitcoin Adoption and Its Significance for Southeast Asia

The speaker continues to explore the bullish trends in Singapore's Bitcoin adoption, citing specific statistics from the survey, such as the percentage of Singaporeans who have heard of Bitcoin and those who prefer it over other digital assets. The paragraph also discusses the broader implications for Southeast Asia, with Hong Kong's plans for Bitcoin spot ETFs and China's support for Hong Kong's crypto ambitions. The speaker highlights the region's high Bitcoin adoption rates and the competitive dynamic between Southeast Asian countries in the cryptocurrency space.

20:07

🤔 Top-Down vs Bottom-Up Bitcoin Adoption in Singapore

This paragraph presents a contrast between the top-down and bottom-up approaches to Bitcoin adoption in Singapore. While there is significant retail-level adoption with individuals investing in Bitcoin, the Singapore Monetary Authority has expressed caution, discouraging retail investors from investing in Bitcoin ETFs due to its volatile nature. The speaker also discusses the potential for Bitcoin ETFs to become a Trojan Horse for wider Bitcoin adoption and the importance of self-custody in Bitcoin assets.

25:09

🎉 Bitcoin ETFs and the Future of Bitcoin Adoption

In the final paragraph, the speaker reflects on the potential for Bitcoin to reach new all-time highs, the upcoming Bitcoin halving, and the community's optimism about the future of Bitcoin. The discussion includes the risks associated with Bitcoin spot ETFs and the importance of taking custody of one's Bitcoin. The speaker promotes the idea of self-custody and offers assistance for those looking to take their Bitcoin holdings off exchanges and into more secure, personal control.

Keywords

💡ETFs

Exchange-Traded Funds (ETFs) are investment funds and exchange-traded products, traded on stock exchanges much like individual stocks. In the context of the video, the focus is on Bitcoin ETFs, which track the price of Bitcoin and allow investors to gain exposure to the digital currency without actually owning or storing it themselves. The script mentions a growing awareness and approval of Bitcoin ETFs in Singapore, indicating a significant shift in the investment landscape towards digital assets.

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, Bitcoin is presented as an increasingly favored investment option in Singapore, with a significant number of people planning to invest more in it despite market volatility. It is also noted as a preferred choice over traditional ETFs, highlighting a trust in decentralized finance.

💡GDP per capita

GDP per capita, or Gross Domestic Product per capita, is a measure of the total value of goods and services produced within a country, divided by its population. It is an indicator of the average economic output per person and is often used to assess the standard of living in a country. In the video, the presenter uses Singapore's GDP per capita growth to illustrate the country's economic development and rise to wealth, which is relevant to understanding the context for the adoption of Bitcoin and other financial innovations.

💡Sovereign wealth fund

A sovereign wealth fund is a pool of assets owned by a state, usually in foreign currency, held in trust for the benefit of the country's population. These funds are often derived from a country's surplus, the proceeds of privatization, or commodity exports. In the video, the mention of Singapore's Sovereign wealth fund, valued at $545 billion, underscores the country's significant financial resources and economic strength, which may influence its approach to adopting and regulating new financial technologies like Bitcoin.

💡Inflation

Inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central to the video's discussion is how high inflation and living costs in Singapore may be driving residents to seek alternative investments like Bitcoin as a hedge against currency devaluation. Historically, events such as the Southeast Asian currency crisis have also shaped the region's economic landscape and trust in traditional financial systems.

💡Lee Kuan Yew

Lee Kuan Yew was the first Prime Minister of Singapore, serving from 1959 to 1990. He is credited with transforming Singapore into a highly developed country with effective governance and policies that encouraged economic growth and anti-corruption measures. In the video, Lee's leadership is highlighted as a key factor in Singapore's rapid economic rise and its potential to adopt innovative financial technologies like Bitcoin, drawing parallels with El Salvador's adoption of Bitcoin as legal tender under President Nayib Bukele.

💡Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It is decentralized and operates on technology called blockchain, which is a distributed ledger enforced by a network of computers known as miners. In the video, the term 'crypto' is used to refer to Bitcoin and other digital assets, emphasizing the growing interest and investment in these alternative financial instruments among Singaporeans.

💡Bitcoin halving

Bitcoin halving is the event when the mining reward for adding a new block to the blockchain is halved, reducing the number of new Bitcoins entering the circulation from 6 to 3 coins per block, for example. This event is programmed to occur approximately every four years and is associated with a reduction in the rate of new Bitcoin creation, which can impact the supply and demand dynamics of the cryptocurrency. The video suggests that the Singaporean people are aware of the Bitcoin halving, indicating a level of knowledge and anticipation around this event and its potential effects on Bitcoin's value.

💡Game Theory

Game Theory is a branch of mathematics that studies strategic decision-making, where an individual's success in making choices depends on the choices of others. In the context of the video, it refers to the strategic considerations and potential outcomes of Bitcoin adoption and investment, particularly in relation to the interactions between different market participants, such as retail investors, governments, and financial institutions.

💡Self-custody

Self-custody in the context of cryptocurrencies refers to the practice of individuals holding and managing their own digital assets, rather than storing them on an exchange or with a third party. This approach emphasizes control, security, and the principle of 'not your keys, not your coins,' meaning that anyone who does not control the private keys to their cryptocurrency does not truly own it. The video encourages viewers to take custody of their Bitcoin, highlighting the importance of self-custody in the cryptocurrency ecosystem.

Highlights

Growing awareness of ETFs with 51% of people being aware of the ETF.

Bitcoin ETFs have been a game changer for Singapore, with 48% of people surveyed planning to add more Bitcoin this year.

39% of people view Bitcoin more favorably, indicating a positive shift in perception.

48% of Singaporeans plan to double down on Bitcoin in the next 12 months despite economic challenges.

A third of Singaporeans plan to hold or add Bitcoin in the face of high inflation and living costs.

Bitcoin adoption in Singapore is rapidly increasing, as shown by the all-time high Bitcoin prices in the country.

The GDP per capita of Singapore has seen a significant increase from 1870 to 1970, making it one of the richest countries in the world.

Singapore's GDP per capita ranks second in the world at $127,000, showcasing its economic success.

Singapore has one of the world's largest Sovereign wealth funds at $545 billion, reflecting its economic strength.

82% of Singaporeans have heard of Bitcoin, and 73% of crypto investors hold Bitcoin.

60% of Singaporeans view Bitcoin favorably, and 55% prefer Bitcoin over other digital assets.

52% of Singaporeans are primarily investing in crypto to diversify their investment portfolio.

61% of experienced investors in Singapore have been in the market for more than five years, showing resilience through market volatility.

The Southeast Asian currency crisis in 1997 led to a significant devaluation of currencies in the region, influencing the current distrust of centralized entities.

Singapore's rise to wealth was led by Lee Kuan Yew, who implemented free trade and business-friendly policies, cracking down on corruption and promoting urban reforms.

El Salvador's adoption of Bitcoin as legal tender was influenced by grassroots movements, similar to the bottom-up adoption seen in Singapore.

Singapore and Hong Kong are competing to become the cryptocurrency finance capital of Asia, with both implementing friendly regulations and creating new funds.

Southeast Asia has some of the highest Bitcoin adoption rates in the world, with countries like the Philippines, Vietnam, and Indonesia showing significant interest.

The Monetary Authority of Singapore has warned against Bitcoin's volatility and speculative nature, despite the country's high adoption rates.

The Bitcoin ETFs are not approved for retail investors in Singapore, showing a conflicting message between top-down regulations and bottom-up adoption.

Transcripts

and this sentiment is reflected in the

growing awareness of ETFs with 51% of

the people actually uh aware of the ETF

being approved now that's cool and

that's cute but that's not the data I'm

interested in today so we can see here

that the Bitcoin ETFs have been a game

changer for Singapore with 48% of the

people surveyed going to add more

Bitcoin this year so they're going to be

buying some more so we can see this

survey found that 39 % of people view

Bitcoin more favorably we can see 48%

will double down in the next 12 months

and we can also see that a third of

singaporeans plan to hold or add Bitcoin

uh in the face of high inflation and

high living costs in Singapore now to

kind of prove my point that Bitcoin is

being adopted very rapidly in Singapore

we can see this chart here Bitcoin in

Singapore is at an alltime high okay now

why am I so fascinated about this survey

of Singapore well I think this chart

here explains everything you need to

know so this is the GDP per capita of

Singapore and you can see it's pretty

much Flatline between 1870 and 1970 it

didn't go anywhere and then it went

absolutely parabolic and Singapore Rose

from being one of the poorest count

countries in the world to be literally

one of the richest countries in the

world now it's going to have to do with

actually something that bouqu is doing

in our Salvador but first I want to show

you a couple more charts that explain

the rise of Singapore okay so we can see

that they're a tiny country only 5

million people live in Singapore some of

you guys might be thinking Luke why are

you even making a video on Singapore if

they're so small well again it has to do

with this here it has to do with their

GDP per capita and not a Google ad we

could see that this is the GDP per

capita of countries all around the world

and we can see that Luxembourg is the

highest at

$142,000 per capita and look at number

two on that list Singapore

$127,000 per year uh absolutely

incredible and look they are the only

Southeast Asian country in the top

what's this in the top 30 I still

haven't seen another country from

Southeast Asia South Korea is number 30

on the list which is interesting but we

can see you know uh Singapore has a GDP

above most western Nations and the rich

Middle Eastern countries like the UAE

and Qatar okay they are an

extraordinarily rich country okay and it

is no surprise that Singapore has one of

the world's largest Sovereign wealth

funds so we can see here here by this

chart that this is actually again from

one of my favorite websites the visual

capitalist and it's showing the largest

Sovereign wealth funds so we can see

Norway 1.3 trillion uh it's also

comparing a Vanguard Market indet in

index here at 1.3 trillion China's

Sovereign wealth fund 1.2 trillion then

we have a big drop off and we have

Kuwait 700 billion Abu Dhabi 650 billion

Hong Kong 581 billion and then we have

the government of Singapore and their

Sovereign wealth fund which comes in at

a whopping

$545 billion okay again to put that

number into some perspective for you um

El Salvador's GDP is I think it's under

$50 billion per year you know what you

guys hate it when I get my statistics

wrong so we're going to be doing it live

I'm going to quickly show you what El

Salvador's GDP is maybe it's like 20

billion okay it's 32 2.4 billion okay so

El Salvador's GDP 32.5 billion but when

we have a look at the Sovereign wealth

fund of

Singapore it's 545 billion so it's more

than what is that about 15 times larger

it's about 14 times larger their

Sovereign wealth fund is 14 times larger

than the country of El Salvador's entire

GDP so this is why I think it is a

massive deal

if we're seeing lots of bottomup

Grassroots adoption in Singapore because

we all know why El Salvador made Bitcoin

legal tender it's because we saw that

bottom up Grassroots of Doan which began

in like 2018 with Bitcoin Beach that

project was created four years before

President B made uh a Bitcoin legal

tender in El Salvador that's not the

only comparison we're going to make to

El Salvador but I want to talk a little

bit more about what makes uh Singapore

special and a little bit more about this

survey because it was an absolute game

Cher okay we can actually

see uh that 48% of investors are going

to double down and we can actually see

that 55% of singaporeans prefer

investing directly in Bitcoin rather

than an ETF okay so these guys are kind

of aware that hey look we don't like to

actually trust these centralized

entities

Singapore gets it why is that well maybe

that's because of the southeast Asia

currency crisis U so I'm going to show

you guys a little chart here I might

share my screen it's funny I was I was

running a little bit late for today's

video so I uh I didn't have this one

prepped but I've just Googled it I'm

going to show you what happened to the

currencies of Southeast Asia in

1997 okay you can see a lot of them got

absolutely decimated this is looking at

the GDP but I'd prefer to look at the uh

currency rates because they they didn't

see hyperinflation um but they saw

significant let's see if Google gives me

something if I search for significant

inflation they saw very high inflation

and it kind of reminds me of what

happened to The Latin American countries

in the 1980s when they saw a

hyperinflation southeast Asia saw this

in the late

1990s okay okay I can't find I can't

find the exact charts uh that I want to

show you guys but we can uh maybe here

it is collapsing currencies so most of

these currencies lost what half of their

value in a couple of years in 1997 so

you could see they have the Thailand

currency Korea Indonesia Philippines

Malaysia Taiwan and Singapore they're

all the currencies they're looking at on

this chart here it's a two-year chart

and have a look at the collapse in value

just in the space of literally two years

okay it happened super quickly but this

is essentially a very very very big

currency collapse this is one of the

reasons why southeast Asia does not

trust centralized well that's actually

funny even as I'm saying that I know

that's incorrect because southeast Asia

probably has the most government control

but I think it's interesting that in

this recent survey they don't trust ETFs

why I don't know because America seems

to be trusting these ETF rappers a lot

more than South Korea okay so again

let's go back to the that was just a

random tangent that I didn't have uh

planned for today's video again I

apologize I can't help myself on the

live streams uh but we can see here by

the numbers in this survey 82% of

singaporeans have heard of Bitcoin 73%

of quote unquote crypto investors hold

Bitcoin that's actually a pretty good

number to be honest 73% of all people

buying digital stuff by Bitcoin so

that's great uh 60% of singaporeans view

Bitcoin favorably 55% prefer Bitcoin

over other digital assets again that's

not the worst you know hit rate so to

say I know it's you know people are

always going to gamble people are always

going to be buying you know

XYZ crap coin you know all of that kind

of stuff um which is very very

interesting and we can see here that uh

again excuse the word the dirty word

crypto but 52% of singaporeans are

primarily investing crypto to diversify

their in Investment Portfolio okay

interesting

again uh 61% who are experienced

investors have been in the market for

more than five years okay so that means

they've huddled through all of the

volatility we

saw oh that's a good burp live on air

I'm sorry guys uh 61% of people have

huddled through all of the volatility in

2020 and 2021 so again this is a massive

survey this was incredibly bullish the

only other survey that I've seen in the

world that wasn't as bullish as uh this

one was the one that came out of turkey

I actually don't think we've covered

that one on the channel yet maybe I'll

do a live stream on that if something

interesting comes out of turkey in the

in the near future but essentially out

of that survey that c coin ran like over

50% of people in Turkey uh had bought

something whether it was crypto or you

know Bitcoin the the dominant King in

the digital realm so again that was a

massive survey it was incredibly bullish

for turkey but I haven't seen a survey

as bullish as that until now until today

until I ran into this Singapore survey

which was absolutely fascinating um so

again how does El Salvador relate to

Singapore well firstly let's kind of

Explain how and who uh actually LED

Singapore through this massive rise of

wealth that was created in the country

again look at how quickly they went from

a country that had an average GDP per

capita of like 3,000

in 1960 to literally what what is it

today it's

$120,000 per capita it's absolutely

exponential rise and I think a lot of it

is due to this man here called Lee Quan

Yu okay um most people haven't heard of

him especially in the west I'm myself

included until a few years ago but we

can see here uh he was a British

educated lawyer and he took over the

government and he was famous for

actually creating a government that was

widely regarded as farsighted honest and

efficient okay which is again very

interesting the result was a tidy

law-abiding country but one that

visitors often described as regimented

and sterile and dull okay so again

there's a little bit too much top- down

control but what he was able to do in

the short time that he was uh leader was

completely transformed the country okay

so uh we can actually C uh that he was

the president as Singapore announced its

separation from Malaysia in

1965 as a result Singapore gained full

Independence the only country in modern

history to do so against its will Mr Lee

said about building Singapore adopting

free trade and business friendly

policies he cracked down hard on

corruption launched Urban reforms and

bulldozed uh slums and enforced multi

culturalism in an effort to create a

uniquely Singapore Singaporean identity

okay so again we're not going to get

into the whole history of Singapore

because let's be honest I'm not an

expert on it um but again he introduced

you know free trade in the country he

actually turned Singapore into an

exporting country and he opened up the

borders so Capital flooded into

Singapore and this led an enormous rise

in Singapore doesn't that sound a little

bit similar to what bu is doing with El

Salvador again both ministers Lee Kuan

Yu and bu have both been criticized for

being a little bit heavy-handed but

sometimes as you can see if you have a

leader who has a good vision for the

country you know sometimes a little bit

of stern leadership can be a good thing

okay we're not going to get into the

debate about why democracy uh is a

shitcoin today and why maybe monarchies

could be better than democracies that's

a rabbit hole that's going to trigger

enough of you guys so we might leave a

whole separate video on that one but I

want to talk a little bit more about El

Salvador and the similarities to

Singapore so you can see this article

here from Bitcoin magazine can El

Salvador duplicate Singapore's road to

success a look at the similarities

between El Salvador's policies plans

since B was elected in 2019 comparing it

with Singapore's leader Lee Quan u in

the 1960s okay so few stories in global

development are as compelling as out of

Singapore a

small city state that moved from the

third world to the first within just a

few decades okay so we can see that this

article kind of highlights a lot of the

things that we just uh kind of talked

about uh the the people's Action Party

under the leadership of Lee kuu was

instrumental in shaping Singapore's

developmental uh trajectory through

pragmatic economic policies stringent

anti-corruption measures and and

Relentless focus on public education the

small city state transformed into a

global economic Powerhouse okay so again

this is massive and this is obviously

very similar to what's happening in El

Salvador okay so we can see here singor

adop uh Singapore adopted a zero zero

tolerance policy towards corruption El

Salvador's political landscape saw a

significant shift with bu bu aims to

also disrupt the status quo primarily

through technological innovation and

attempts to root out corruption okay so

again El Salvador is doing things very

similar to what Singapore is doing and

this is absolutely massive because

Singapore as we've shown is an

incredibly interesting country okay they

have an enormous GDP per capita they are

very rich and as that most recent survey

showed they're very interested in

Bitcoin which again is absolutely huge

for the country now let's move on and I

want to kind of talk about the broader

significance that this means for

Southeast Asia now I'm not going to

rehash everything we talked about in

yesterday's live stream but for those

who missed it let's not forget okay

we're not just talking about Singapore

we are talking about all of Southeast

Asia Hong Kong is now likely to allow an

in-kind creation for its Bitcoin spot

ETFs that are going to be launching uh

literally this quarter we also showed

you this chart here from Bitcoin manga

that showed that Bitcoin have been

moving from the West to the east over

the past couple of months and we also

talked about why China and Beijing is

backing Hong Kong's Ambitions to become

a crypto hub for the world okay again

we're not going to rehash everything we

touched on on in uh yesterday's live

stream I'll send you guys over there if

you want to watch it but I think this

survey was easily one of the most

bullish surveys that I've seen in a very

very very long time we're going to go

through a couple more quick data points

but I want to obviously hit the live

chat as you guys know I love to do uh so

we can see there's somebody uh 5,000%

gain in four years uh that must be the

Bitcoin price in turkey that looks like

a Turkish flag coming from my friend

deino we've got my man Johnny minus in

the chat good evening Johnny uh glad to

see you in the live chat once again uh

we've got decentralized data love that

handle that's a great name wish I could

think of something as creative as that

what's up from ncusa hello hello um

wonder what time it is in uh USA I don't

know if you guys have noticed but it's

uh it's 11:30 over here in Madrid that's

probably why I'm a little bit slower

with my words than usual sorry for all

the mistakes I've been making tonight

Den last is in Denmark Bitcoin will go

mainstream the the world is Awakening

could not agree more L very based very

based the delusion of democracy has

always been a shitcoin tend to agrie you

there

um and then we saw when I saw the king

last year in Denmark I just shouted

Bitcoin the king's driver promised me to

mention Bitcoin to her that's brilliant

I want to hear more from that story Den

last that's absolutely brilliant now

let's uh 331 in Los Angeles thank you

Elaine good to see you in the chat again

um now let's talk a little bit more

about this survey uh because it was

absolutely massive it's really big you

guys can see how how far I'm scrolling

here I'm not going to go through all of

it um but again they uh they did they

talk about the price of Singaporean

dollars are they didn't but I already

showed you guys the chart uh Bitcoin

Bitcoin chart in Singapore is absolutely

parabolic all-time highs currently at

93,000 Singaporean what are they sgds

Singapore dollars I'm assuming they're

dollars um so they're at what uh what's

that 86,000 alltime high was 83,000 so

they're good 5% above their all-time

high which is incredibly bullish showing

that people are definitely buying

Bitcoin in the country which is

absolutely massive and it's it looks as

if a lot of the people were actually

aware of what the Bitcoin harving is

okay again this is massive because a lot

of people have no idea what the Bitcoin

Haring is okay and we've seen it all

over the mainstream media for the first

time in a long time we're actually

watching some significant press about

what the harving is over on CNBC

recently in Australia last week I saw

the national news talking about the

Haring but it looks as if the

Singaporean people are way ahead of the

pack okay they've adopted Bitcoin

they're aware of what the harving is

it's incredibly bullish to see what's

going on in the country uh greetings

from Slovenia uh g g uh 3:32 Arizona

time okay very interesting uh it's a

little bit earlier than I thought um so

guys let's uh talk a little bit more

about Game Theory you guys know I love

to talk about Game Theory and the fact

that Singapore has a sovereign wealth

fund of $545 billion is massive

something else that's really interesting

about this Singapore story is we have

massive adoption uh by the bottoms up

okay the retail guy is adopting Bitcoin

okay these these numbers here are very

difficult to argue with okay we see uh

48% will double down on Bitcoin in the

next 12 months 50% have owned some sort

of Bitcoin in the future uh sorry

they've owned Bitcoin or crypto okay

it's massive but coming from the top

down we're seeing some uh conflicting

messages so to say so we can see here

Bitcoin ETFs are approved for are not

approved for retail investors in

Singapore okay that's really interesting

and they've also come out and kind of uh

reaffirm their negative stance okay we

can see that the monetary authority of

Singapore a week after the US gave the

green light for uh ETFs came out and

said look Bitcoin is very volatile it's

very speculative you have to stay away

from Bitcoin it's it's too dangerous

it's way too dangerous now they haven't

banned it but you can see that the uh

the Singapore monetary Authority called

it a speculative volatile asset very

very interesting

um and when you scroll down right now we

can see given this spot Bitcoin ETFs are

not approved by the uh Singapore

monetary Authority uh for retail

investors okay which is interesting but

we do know that there are other people

in Singapore who are a little bit more

optimistic on it we can see from this

article here that's a more recent one

this is in February 2024 the article I

just showed you I believe it was a

little bit earlier let me double check

so this was January 2024 so this was two

months ago and then we saw this more

recent article come out a month later

where it says Singapore and Hong Kong's

crypto goals are on track despite

Challenge from the US Bitcoin spot ETFs

so we can see players are still keen on

Asia because of friendlier regulations

and new funds being created in the

region okay which is again very very

interesting Singapore and Hong Kong are

facing challenges in their bid to become

Asia's cryptocurrency Finance Capital

following the debut of Bitcoin ETFs in

the US so again it's this race there's

this race between Hong Kong and

Singapore and many other Southeast Asian

players to get into the Bitcoin space

okay again something else that I forgot

to bring to today's live stream was

showing you a chart that uh southeast

Asia actually has some of the highest

Bitcoin adoptions in the world it

actually does have the highest Bitcoin

adoption rates by the world if you

actually look at it comparing it to

other regions okay uh from the top of my

head you had a number of different

countries like the Philippines and uh

Vietnam and obviously countries like

Laos and Bhutan all in big on bitcoin I

really hope I can find the chart for you

guys live I can't find the exact chart I

want to show you guys um but adoption is

very very very very big in Southeast

Asia uh we know that the uh government

of La is mining Bitcoin uh we know that

the government of Myanmar has adopted

tether as a legal tender we've obviously

talked about the huge adoption in

Singapore today something else uh

obviously Indonesia we've also made

videos in the past about the Indonesian

uh what's his what was his name the

president of West Java which is a region

in Indonesia of 50 million people the

president uh what's his name I forgotten

his name ridwan Camille that's his name

I remember because it's a fun one to say

but he went to the Bitcoin Miami

Conference in 2023 I think trying to

bring Bitcoin miners to Indonesia and

obviously that's interesting because

Indonesia's kind of split on the uh

matter you know some people say

bitcoin's banned in Indonesia but then

you have the governor of West Java 50

million people uh going to the the

Bitcoin Miami Conference saying look

bring your Bitcoin miners to Indonesia

so we have a lot of adoption in

Southeast Asia so again I think this

story of Singapore is more interesting

when we consider the broader adoption in

the region okay the region is absolutely

enormous um would you count India as

southeast Asia um again my geography

skills aren't the best guys I'll tell

you when I'm don't have a clue about

something uh but this is a cool little

chart here uh this is kind of ranking

the Southeast Asian countries by quote

unquote crypto interest and we can

actually oh it's a terrible chart I feel

ashamed even increasing the size of that

for you guys because it's so disgusting

that's very blurry and very bad but

again you're just you're just going to

have to trust me on that one uh please

don't verify uh you know southeast Asia

does have very high Bitcoin adoptions

okay now again this is all about this is

all interesting when we start talking

about Game Theory um we have Fair alert

likes the Bitcoin manga charts uh who

who else believes we might see a new

alltime high this long Easter weekend as

Adam back asserts potentially it's

certainly a potential and Adam back

still believes we're going to hit a new

Bitcoin alltime high before the Harve in

we have about 20 days left until the

Bitcoin Harve in so I want to hear from

you guys do you think we're going to do

it I'm not so sure I'm bullish but for

Bitcoin to

uh hit 100K in the next 20 days that's a

big ask and again you guys know we don't

do short-term price predictions here on

the channel we're not about uh price

predictions here on the channel what

we're about is taking custody of our

Bitcoin okay not your keys not your

coins you know we talk a lot about the

Bitcoin ETFs here on the channel

everybody's talking about the Bitcoin

ETFs but nobody's talking about the

risks of the Bitcoin spot ETF so again

that's what we're going to try to do

okay uh if you got Bitcoin in an ETF

it's not yours if you Bitcoin on

Exchange it's not yours if you need help

taking custody of your Bitcoin again I'm

going to continue plugging it you can

book a free call with myself and we can

discuss ways for you can get your

Bitcoin off an exchange and we can even

uh discuss ways for you to uh level up

your custody and just simply maybe level

up from a single Sig Bitcoin wallet to a

multi- signature uh Bitcoin wallet um

again you can book a call and see

whether I have a service that can

actually help you out okay that's what

we're doing at the Bitcoin advisor we're

trying to drain the exchanges so that

people don't have to rely on ETFs okay

um It's just sad that investors are

increasingly optimistic about Bitcoin

ETFs we hope that that's kind of the

Trojan Horse for uh Bitcoin adoption and

uh you know all of this pent up demand

uh about the ETFs and hype about the

ETFs will actually convert into a lot of

self- custody bitcoiners that's what we

want at the end end of the day uh so

Adam back has a bet that 100K Bitcoin at

harving 100% correct Phil um the Kil

friend's making fun of me in the chat um

that's an inside joke I'll probably

share with you guys one day uh we can

see okay I think I've smashed all of the

comments in the live stream today

allight haer was here before we started

I'm sorry I was late um I was uh it's 11

it's 11:41 p.m. over here in Madrid um

so I was running a little bit late I

apologize about that we got Ms bit oh

they're in the chat Den lass in the chat

all right guys I think I'm going to cut

this one here if you enjoyed today's

video um and you didn't see the live

stream we did talking about China and

the uh who who else did we talk about

yesterday we talked about Hong Kong's

Bitcoin ETFs because I got asked by

someone to run the numbers and see how

much Capital can actually come in

through the Hong Kong Bitcoin ETF you

can see uh this is the live stream here

that we did yesterday so you can go

check that one out if you're interested

and uh with all that said guys I think

that's all I've got for you guys uh I

might leave you there and uh wish you a

happy Easter weekend is it Easter I I

honestly don't know I think it might be

because all the shops in El Salvador are

closed I'm trying to get some packages

delivered and they're not coming so

anyway happy Easter thank you for tuning

in um absolutely love these live streams

we're going to continue doing them every

single day until the Bull Run is over

okay and if I can't do a live stream uh

we're going to be releasing a video so

again we need to fight the crypto scam

uh produce Pam says smash the like

button if you enjoyed it yes we can do

that uh Den lass has a long Friday today

Saturday died for our sind I don't know

what a SN is sorry um I don't understand

that one okay Easter Sunday all right

guys have a great day um I'll see you

all

tomorrow