VETO, FIT21 & ETH ETF NEXT WEEK PLUS CHINA GOLD & BITCOIN INFLATION.

Summary

In this Sunday live stream, the host discusses recent crypto market movements, highlighting Bitcoin's 9% gain, Ethereum's 4.4%, and Chainlink's impressive 24% surge due to partnerships with major financial institutions. The conversation turns to three significant upcoming events: the potential veto of HJ Resolution 109 concerning crypto custody for banks, the FIT Bill (FIT 21) aiming to establish the CFTC as the primary digital asset regulator, and the final decision on the Ethereum ETF. The host also emphasizes the importance of understanding inflation and the Federal Reserve's role, suggesting Bitcoin as a hedge, and shares global monetary trends indicating China's significant money printing efforts.

Takeaways

• 📈 The crypto market has been lively over the last seven days, with Bitcoin at a 9% increase, Ethereum at 4.4%, and Chainlink being the big winner with a 24% increase.
• 🔗 Chainlink has been partnering with major financial institutions like JP Morgan and BNY Mellon for real-world asset transfers, contributing to its significant growth.
• 📊 There are various meme coins and other cryptocurrencies like Phantom and Bonk experiencing substantial gains, showing the diverse nature of the market.
• 🏛️ HJ Resolution 109, which was aimed at allowing large institutions and banks to custody crypto assets off-balance sheet, passed the House but is expected to be vetoed by the President.
• 📝 FIT 21, the Financial Innovation and Technology Act, is expected to be voted on next week and aims to establish the CFTC as the leading regulator of digital assets instead of the SEC.
• 🦄 The final decision on the Ethereum ETF is due around May 24th, with Coinbase suggesting there's a 40% chance of approval, which could have significant market implications.
• 💡 The speaker emphasizes the importance of understanding the reasons behind investing in certain assets, using Chainlink's partnerships as an example of tangible progress.
• 🏦 Discussions about the Federal Reserve, its establishment in 1913, and its role in issuing debt are highlighted as important context for understanding inflation and Bitcoin's value proposition.
• 📊 The video mentions the website 'priceinbitcoin2.com' as a resource for visualizing how Bitcoin can serve as a hedge against inflation by comparing the cost of assets like houses priced in Bitcoin over time.
• 🌐 The potential for a shift away from the US dollar as the global reserve currency is hinted at with the mention of the BRICS coalition and China's significant money printing.
• 📹 The speaker is considering doing two live streams to cover the increasing amount of information and developments in the crypto space, and is polling the audience for their opinion on this.

Q & A

What is the general trend in the cryptocurrency market over the last seven days as mentioned in the script?

The last seven days in the cryptocurrency market have been quite lively, with Bitcoin showing an almost 9% increase, Ethereum at 4.4%, and Chainlink being the big winner with an increase of almost 16%.

What is the significance of Chainlink's recent partnerships with JP Morgan and BNY Mellon as discussed in the script?

Chainlink's recent partnerships with JP Morgan and BNY Mellon are significant because they indicate Chainlink's involvement in real-world asset transfers across the globe, which can boost its credibility and value in the crypto market.

What does the speaker think about the Ethereum ETF and its potential approval?

The speaker is not very much in favor of the Ethereum ETF's approval, but acknowledges that a large entity believes it has a reasonable chance to get past.

What is HJ Resolution 109 and why is it significant in the context of the crypto market?

HJ Resolution 109 is significant because it pertains to whether large institutions and banks can hold crypto assets off balance sheet. This resolution was passed by the House of Representatives but is expected to be vetoed by the President.

What is the FIT 21 bill and what would its passing mean for the regulation of digital assets in the US?

FIT 21, the Financial Innovation and Technology Act, is expected to establish the Commodities Futures Trading Commission (CFTC) as the leading regulator of digital assets. If passed, it would be the first major crypto regulation bill to be approved and would set clear consumer protections.

What is the expected timeline for the final decision on the Ethereum ETF as mentioned in the script?

The final decision on the Ethereum ETF is expected to be made around May 23rd or 24th, and it cannot be delayed further - it must be either approved or denied.

What is the speaker's view on Bitcoin as a store of value and a hedge against inflation?

The speaker believes that Bitcoin is a great store of value and a four-year hedge against inflation, and that no other cryptocurrency has beaten Bitcoin's use case over time.

What is the importance of understanding the Federal Reserve and inflation when considering Bitcoin as an investment?

Understanding the Federal Reserve and inflation is important because it provides context for why Bitcoin can be a hedge against inflation. It helps investors comprehend the value of a decentralized currency that is not subject to the same inflationary pressures as fiat currencies.

What does the speaker suggest as a starting point for discussing Bitcoin with someone new to the concept?

The speaker suggests starting the discussion about Bitcoin by first explaining the Federal Reserve and the concept of inflation. This foundation can help new investors understand why Bitcoin might be a valuable investment.

What is the significance of the website 'priceinbitcoin2.com' mentioned in the script?

The website 'priceinbitcoin2.com' is significant as it provides a visual representation of how the value of various assets, including houses, compare to Bitcoin over time, illustrating Bitcoin's potential as an inflation hedge.

What does the speaker suggest regarding the possibility of conducting two live streams due to the volume of information?

The speaker suggests that due to the increasing amount of information, it might be time to conduct two live streams, one in the morning and one later in the afternoon, to cover all the relevant topics.

Outlines

00:00

📈 Crypto Market Overview and Chainlink Partnerships

The video starts with a lively crypto market update, highlighting Bitcoin's 9% gain over the past week despite a slight dip in the last 24 hours. Ethereum follows with a 4.4% increase, and the presenter mentions an Ethereum ETF that a significant entity believes has a good chance of approval. Solana is up by almost 16%, but the star performer is Chainlink, with a 24% surge attributed to partnerships with major financial institutions like JP Morgan and BNY Mellon for real-world asset transfers. The presenter emphasizes the unpredictability of crypto projects and the importance of understanding what's happening behind the scenes. Meme coins like Phantom and Bonk also show significant gains, with the presenter expressing excitement about their performance.

05:01

🔍 Upcoming Crypto-Related Political Decisions and Their Impact

The script discusses three significant political events affecting the crypto market. First, HJ Resolution 109, which concerns large institutions and banks' ability to custody crypto assets, was passed by the House but is expected to be vetoed by the President. The timeline for this decision is discussed, with implications for companies like FTX, Celsius, Voyager, and Blockfi. Second, FIT 21, the Financial Innovation and Technology Act, is expected to establish the CFTC as the leading regulator of digital assets, which could be beneficial for the crypto industry. Lastly, the final decision on the Ethereum ETF is anticipated, with Coinbase suggesting there's a higher chance of approval than the market estimates. The presenter speculates on how these events could impact the market, suggesting a potential negative short-term reaction but a positive long-term outlook.

10:03

🏠 Bitcoin as a Hedge Against Inflation and the Federal Reserve's Role

The presenter argues that Bitcoin is a superior store of value and hedge against inflation, comparing it to historical prices of houses and cars to demonstrate the loss of the dollar's value over time. They discuss the Federal Reserve's role in issuing debt and its impact on inflation, suggesting that understanding the Federal Reserve's function can help people grasp the value of Bitcoin. A website, pricedinbitcoin2.com, is mentioned as a resource to visualize how Bitcoin can fight inflation, showing the historical cost of a house priced in Bitcoin and highlighting the currency's potential as a long-term store of value.

15:05

🌍 Global Economic Shifts and the Move Away from the Dollar

The script touches on global economic shifts, particularly the efforts of countries like China, Russia, India, Saudi Arabia, and the UAE to move away from the dollar through the BRICS coalition. It highlights increased gold trading activity in China and significant money printing by the Chinese government, which has increased the M2 money supply from 13 trillion Yuan to 300 trillion Yuan since 2000. The presenter suggests that these actions could have profound implications for the global economy and the value of the dollar, reinforcing the importance of Bitcoin as a hedge against inflation.

20:06

📊 Viewer Engagement and Consideration of Additional Live Streams

The presenter concludes by engaging with the audience, considering the idea of doing two live streams to cover the increasing amount of information in the crypto space. They mention the possibility of separate streams focusing on Bitcoin and altcoins, as well as riskier assets. A poll is referenced, with viewers split on whether additional content would be welcome. The presenter invites viewers to share their thoughts in the comments and expresses gratitude to their assistant for compiling relevant articles and information for the show.

Keywords

💡Crypto Market

The term 'Crypto Market' refers to the market where cryptocurrencies are traded. In the video's context, it is used to discuss the volatility and activity within the cryptocurrency space, particularly on Sundays. The script mentions that despite Sundays typically being slow, the last seven days have been lively, indicating significant trading activity and price fluctuations.

💡7-Day Increase

The '7-Day Increase' is a measure of the percentage growth in the value of cryptocurrencies over a week. It is significant in the video as it sets the stage for discussing the performance of various cryptocurrencies like Bitcoin and Ethereum, which have seen increases of 9% and 4.4% respectively, showcasing the dynamic nature of the crypto market.

💡Ethereum ETF

An 'Ethereum ETF' (Exchange-Traded Fund) is a type of investment fund that tracks the price of Ethereum and is traded on stock exchanges. The video discusses the potential approval of an Ethereum ETF, which is a significant event as it could increase mainstream investment in Ethereum and impact the broader crypto market.

💡Chainlink

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. In the script, Chainlink is highlighted as a big winner with a 24% increase, attributed to its partnerships with major financial institutions like JP Morgan and BNY Mellon, emphasizing its real-world utility and potential for growth.

💡Meme Coins

Meme Coins are cryptocurrencies that are created as a joke or for fun, often based on internet memes or trends. The video mentions 'meme coins' like Phantom and Bonk, which have seen significant gains, reflecting the speculative and sometimes unpredictable aspects of the crypto market.

💡HJ Resolution 109

HJ Resolution 109 is a legislative action discussed in the video that pertains to how large institutions and banks handle digital assets. The resolution was passed by the House of Representatives and Senate, but the President has indicated a potential veto, which could have implications for the crypto market's regulatory environment.

💡Pocket Veto

A 'Pocket Veto' occurs when a bill is not signed into law by the President because Congress has adjourned during the ten-day period after the President receives the bill and the President chooses not to sign it. The video discusses this as a possible outcome for HJ Resolution 109, which would have implications for the crypto market's regulatory landscape.

💡FIT 21

FIT 21, or the Financial Innovation and Technology Act, is a proposed bill mentioned in the video that aims to establish the Commodity Futures Trading Commission (CFTC) as the leading regulator of digital assets, instead of the Securities and Exchange Commission (SEC). This change could potentially benefit the crypto market by providing clearer regulations and consumer protections.

💡Bitcoin as a Store of Value

The concept of 'Bitcoin as a Store of Value' is discussed in the video as a key use case for the cryptocurrency. It is presented as a hedge against inflation, suggesting that Bitcoin can retain value over time, unlike traditional currencies which may be subject to devaluation due to inflationary policies.

💡Federal Reserve

The 'Federal Reserve' is the central banking system of the United States, responsible for implementing monetary policy. The video script discusses the Federal Reserve in the context of its role in money printing and inflation, suggesting that understanding the Federal Reserve's actions can help individuals comprehend the value proposition of Bitcoin and other cryptocurrencies as alternatives.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. The video emphasizes the impact of inflation on the value of money and assets, and how cryptocurrencies like Bitcoin can serve as a hedge against inflation, preserving purchasing power over time.

💡BRICS Coalition

The 'BRICS Coalition' refers to a group of emerging market countries, namely Brazil, Russia, India, China, and South Africa. The video mentions this coalition in the context of moving away from the US dollar standard, indicating a global shift towards diversifying reserve currencies and potentially adopting alternative assets like gold and cryptocurrencies.

💡Money Printing

The term 'Money Printing' is used in the video to describe the process by which a country's central bank increases the money supply by issuing more currency. The script highlights the significant increase in China's money supply, suggesting a potential impact on global financial markets and the value of currencies, which could make assets like Bitcoin more attractive as a store of value.

Highlights

The last seven days in the crypto market have been lively with Bitcoin at a 9% increase and Ethereum at 4.4%.

Chainlink has partnered with major financial institutions like JP Morgan and BNY Mellon, resulting in a 24% increase.

The upcoming week will see decisions on three key crypto-related matters, including HJ Resolution 109.

HJ Resolution 109, which allows large institutions to custody crypto assets off balance sheet, passed the Senate but may be vetoed by the President.

FIT 21, the Financial Innovation and Technology Act, is expected to establish the CFTC as the leading regulator of digital assets.

The Ethereum ETF is due for a final decision on May 24th, with Coinbase suggesting a higher chance of approval than the market estimates.

The presenter discusses the importance of understanding the Federal Reserve and its role in inflation to grasp Bitcoin's value proposition.

A video snippet is shared to illustrate the historical context of inflation and the Federal Reserve's establishment.

The website 'price in bitcoin 21.com' is recommended for visualizing how Bitcoin can serve as a hedge against inflation.

China, Russia, India, Saudi Arabia, and UAE are forming a coalition to move away from the US dollar, indicating a potential shift in global finance.

China's gold trading activity and money printing since 2000 are highlighted, showing a significant increase compared to the US.

A poll is mentioned regarding the possibility of doing two live streams per day to cover the increasing amount of crypto-related news.

The presenter suggests a potential separation of content into 'Bitcoin only' streams and 'altcoins and risky assets' streams.

The importance of having knowledge behind crypto investments is emphasized, using Chainlink's recent performance as an example.

Meme coins like Phantom and Bonk are mentioned, showing significant gains and their presence in the presenter's portfolio.

The presenter discusses the potential impact of the three key decisions on the crypto market and the importance of being prepared for market reactions.

Transcripts

hello everybody Welcome to the Sunday

live stream so today a lot of things are

go over so let's just jump right in so

of course Sunday is just one of those

odd odd days usually for the crypto

Market but we can see that in all

honesty the last seven days which is

what the uh thumbnail really was

representing the

7-Day increase or gain has been pretty

Lively and we can see that bitcoin's

almost at was at 9% of course going down

going down a little bit for the last 24

hours ethereum at 4.4% we're going to

talk about that today about this

ethereum ETF which uh one very large

entity thinks it has a reasonable chance

to get past I'm not so much in that

favor salana up almost 16% and the big

winner for the last seven days is chain

link and we talked about this a couple

of days ago uh chain link itself has

been partnering up with some pretty big

names like the JP Morgans the bny melons

for real world assets and transfer

across the globe and I've always said

it's it's a funny thing for crypto

digital assets actually Investing For

everything that's out there you never

really know exactly what's going on in

the background projects sound fantastic

and they sound they can make all these

different promises and you're like

that's great and then of course either

they do or they don't implement the

things they're trying to do or they're

failing behind the scenes or they're

doing things that you know just were

mentioned in passing just a little bit

as opposed to something else and of

course as time goes on you look at it

you're like H Chain Lake Oracle even a

layer one solution Ro World assets that

sounds pretty decent I can see I can get

behind that and that's why it's up 24%

now that doesn't mean like uh you don't

have other things going up like near

protocol and there of course meme coins

across the board because that's just how

the nature of the market is wow Phantom

18% Bonk 14% I'm all excited about that

because those are in my portfolio anyhow

that's what we have for the market but

let's get to it so this next week

upcoming actually it's

really it really comes down to vetoing

or approving and there's three things

that are going on the first one is HJ

resolution 109 this was actually passed

or excuse me this is actually shot down

in the Senate because this was already

approved and what it was really all

about was it was all about large

institutions and Banks being able to put

our custody and crypto assets or digital

assets and having them off balance or on

balance and what that means is if it's

off balance that means that it's not on

their their p&l it's it's not actually

taken over it's not on their on their

documents it's not on their accounts

which means that if it's off balance

that's safe the problem is is that the

the rule before everything was supposed

to be on balance and that kind of screws

up everything especially if you taking a

look at oh you know those little

companies like uh FTX Celsius Voyager

blockfi they they had everything on

balance and uh with that that was a

problem so it went through the house

House of Representatives if you're not

from the United States you know we have

to go through the through Congress which

essentially the House of Representatives

and also Senate House Representatives

went through there the Senate it was

supposed to get killed and it actually

passed 60 to 38 we have two senators per

state and then from there this is what

we have this is supposed to be looks

like it's going to get shot down or

vetoed by the president of the United

States because he's already put this on

out on May 8th he said look if you guys

if you guys vote on this and has to come

to my desk I'm going to shoot it down so

good luck and they they did they're

going to point it they're going to put

it out there so how much time does he

have well the Senate vote was May 16th

I'm not 100% sure that the clock starts

because they have 10 days from May 16th

excluding every Sunday so that would put

that at May 28th maybe May 27th

depending on if they include May 16th

the day that they actually uh passed

that bill or shot it down so that's 10

days and we'll see what happens now

there's a couple different things that

could happen of course we talked about

this before a couple days ago which the

president could just uh do nothing and

then uh because the Senate is out and

the house are out of session it's a

pocket veto which means they just kind

of just gets rolled off and that's it

another thing that could happen actually

is Gary gendler could come out from the

SEC and say hey we're going to retract

this and the president doesn't have to

actually sign this into veto so of

course he can have more uh clout for

political structure as we come in the

presidential election so this will be a

big one so yeah it is May 28th so I

guess it's not next week it's like uh

Monday or Tuesday after that so watch

for that to happen and again I think

this could be a very big political move

some people say it's not I think it is

and we'll see so there's that piece then

of course another piece that just came

out fit 21 fit 21 is the financial

Innovation and Technology

act uh bill is expect to be voted on

next week so it has to go through again

the house under the Senate hopefully

doesn't get vetoed and this is uh what

this would do which I thought was pretty

interesting is that it'll establish the

cftc not the SEC the cftc Commodities

future trading commission as the leading

regulator of digital assets this would

be great for us because let's be honest

the SEC does not have us in mind it kind

of seems like that so if this goes

through of course let's see how it works

out that means the cftc will be over

instead of the SEC this will be the

first major crypto regulation Bill to be

approved crypto believes the bill is

necessary to keep the US competitive

globally I have to hold hardly agree and

the bill would be the cftc's authority

over digital assets and set clear I

should say consumer protections which

let's be honest Gary's doing a pretty

horrible job so with that one that is

the second one and we'll see if that

actually gets gets through but imagine

imagine if this gets vetoed I mean

before the 10 days and then this doesn't

make it out of the house that just gives

you the a clear indicator of where

digital assets and crypto were going in

United States right in the toilet and

then lastly May 23rd May 24th somewhere

around there we are supposed to have the

final decision of the ethereum ETF

there's no they can't open it up for

commentary they can't push it down the

road it has to be either approved or

denied I believe it's May

24th and a lot of people are saying that

it's not going to happen except for

coinbase coinbase says the the market is

under underestimating the timing and the

odds of the spot ethereum ETF approval

and they have it as high as 40% I don't

I've been wrong before on the spot

Bitcoin ATF so we'll see how it goes but

imagine if all three of these things

happen in this week which it very much

could

happen uh danger and we'll see how the

market reacts I will just tell you

probably not favorably but in the long

run it'll be pretty good that's why I

dollar cost average for days which I

think are going to come up pretty soon

and we'll see how it goes anyhow let me

know what you think about that in the

comments section I see some negative

price action coming but who knows and

then also just I mean getting away from

the politics and and talking about bills

and things like that I know that people

we talk about crypto usually we talk

about a lot of the days we talk about

hey the number goes up everybody's happy

right let's be honest let's be honest so

people will say ah you know my project

is failing a little bit and it sucks

because the price goes down not really

look at chain link right chain link was

you know going the wrong way over the

last 90 days you are actually bleeding

against

Bitcoin but over the last seven days

went up almost 24% and why because the

things we talked about but there has to

be a little bit of knowledge behind why

we're actually getting into these assets

and Bitcoin being the number one that I

think has quite honestly uh the best use

case I know people will will dispute me

on that and that's fine but I think over

time nobody has beaten Bitcoin there is

no flipping that's going to happen

anytime soon it is a great I think it's

a great store of value and a four-year

hedge against

inflation and it could be a a medium of

exchange depending on which layer twos

come out but there was this great

snippet great video and it was it's only

a minute long I want you to listen to

this because we kind of lose site about

just how

much things are actually needed so what

I'm going to do I'm going to have you

listen to this let me make sure you can

hear this

correctly here we go yeah about a minute

or so take a listen at this just some

random guy interviewing somebody it

looks like Home Depot take a listen how

much did you pay for your first

house $188,000 with 17 Acres what

year uh 89 1989 when I was a kid cars

were thousands of dollars a brand new

car like I don't know $5,000 I remember

seeing ads houses houses were probably

what 10 20,000 when I was a kid a dollar

used to actually beat worth something

but what happened you know what happened

in 1913 Federal Reserve look at the

dollar bill Federal Reserve

Note okay who's Federal Reserve this is

their

money right who are they are they feds

are they part of the government are they

a private organization are they run by

banksters out of Europe look back in 19

13 see what happened I'm looking to we

got the we got to we got to say the

money look up federal reserve it's on

your it's on your dollar bill what does

it mean who is it who started it are

they are they us are they the US

government or are they something

else see see that right there that's

what we should be talking to people

about I don't think we should really if

if you understand about the Federal

Reserve and inflation then you can

totally understand Bitcoin and get

behind it because when you just say we

start talking about Bitcoin it's a

little bit different difficult so that

kid right there the kid who was

interviewing that the guy I guarantee

that was you at some point when someone

was telling you by the Federal Reserve

you're like what really that's how it

works and inflation no way government's

lying to me that's insane so yeah the

Federal Reserve like I said the Federal

Reserve is about as Federal as Federal

Express nothing to do with anything and

of course uh there's many literatures

many books that written on it uh but you

can just you can do your own research on

this one but essentially the federal the

the Federal Reserve is there to issue

debt that's really what it comes down to

and when I was talking about this I said

yeah you know if you want to talk to

somebody about that it makes sense to

start there and then they'll start to

understand about inflation and then show

them this there's a great website it's

called Uh priced in bitcoin2 let me blow

this up let

me make sure everybody can see this the

right

way yeah so what this is is taking a

look over it's actually taking a look

from 2011 2024 we talked about this many

times but if you can show somebody this

they can kind of get it a little bit

more and it's all about inflation before

you really understood about inflation

didn't she just assume that prices just

went up because that's just how it goes

that's just how it goes right I mean

things appreciated I don't really know

why it appreciates of course is there's

there's more value on this and you know

that's just how it has to be I mean

irregardless of the fact that you know

the government just prints money and

sticks it into the M2 money supply

essentially and just starts printing

like crazy and then just floods the

market with useless dollar bills

probably has nothing to do with it it's

probably just the fact that that houses

just get more expensive food just gets

more expensive fraction Reserve lending

I don't want to start with that but you

can see right

here as far as this was the United

States median new house not the average

the median right in the middle right

depending but of course we have a very

large selection and yeah some people say

well the average house is 418,000

whatever it is fine whatever I'm just it

the only thing that you have to

understand about this this chart it's

very simple I know most of you have seen

this many times it's just

where how Bitcoin fights inflation so

again you have the new house price on

November 1st 2011 is

24,300 can you imagine that 2011 that's

that's how much it cost roughly to get a

new house pretty good 214,000 and it

would have cost you

64354 Bitcoin back then because Bitcoin

wasn't worth that much but as time has

gone on and there was just

there was a Crossroads essentially right

here around 2017

2018 actually 2017 and that's when I

think that's when I got into crypto

Bitcoin everything else I think it was a

lot of people got into it and at that

point it was just the reversal the house

of a new PRI the price of a new house

kept going up and if you evaluate that

in Bitcoin it kept going down so again

used to cost you 64,000 for a new house

now it cost you six

a new house was 214,000 now it's

434,000 is that crazy that's insane and

it's only going to

get as time goes

on the only thing the dollar bill can do

is lose its value that's the only thing

I can see maybe I'm wrong but it just

seems like we're going to keep having

higher numbers we have I want to say $34

trillion in debt and the only real way

to get out of that is to really print

money and once they start printing money

and I think there's going to be a

massive amount of money printing

happening who knows could be relatively

soon when you flood that much money into

the market what does that mean for asset

prices that people own usually goes up

so you can take a look at that I linked

the uh the website price in Bitcoin

21.com uh in the description so you can

check it out also I just want to show

you real quick the UK average house it's

the same thing and it doesn't really

matter where you where you come from if

you just and and you know what let's

just do this because if you look at it

as all it's kind of skewed pretty

heavily to bitcoin right but let's just

try this let's do the last five

years and I want to put that in Bitcoin

not Satoshi I want to Overlay that with

Fiat the same thing actually you know

everybody says or people have been

saying lately that if you want it as a

hedge against inflation it's a four-year

hedge essentially if you can hold it for

four years it's going to be pretty good

let's just do this because here you can

see that it used to cost you

27 Bitcoin for a house in the UK which

cost you 231,000 now that same house

cost you 283,000 it C really it cost you

four Bitcoin

wow again 27 to4 let's go to 2020 I

wonder how that would work if that even

does

work 2020 May

19th doesn't matter so

again the same thing a little bit little

bit less 25 Bitcoin now it cost you four

used to cost 238,000 now it's going to

cost you 283,000

so it just goes up actually I got to

tell you if you're in the UK you're

doing pretty good as far as like the

average house prices so congratulations

for you but it doesn't always work like

that I I will say if you go to the

website and take a look at everything

you can put in the US dollar all the

Fiats the precious metals Commodities

orange juice for some reason orange

juice rushes

it in Fiat no idea why and

Coco but then like you'll see stuff like

this like

padium and it doesn't really work out as

well as you think it would so like let's

take Satoshi put that off Fiat let's go

for five

years and see look at that it's roughly

about the

same but I'd say the vast majority

except for pelium and orange juice for

some reason holds up pretty well on the

dollar any let me know what you think

about that in the comments section and

then to finish up before we get into

the the

Q&A there was this piece this post from

John Lis and he had sent this uh from VC

I don't know what's going on but we know

that uh China Russia

India Saudi Arabia UAB they're trying

they're coming together for for the

bricks coal ition which essentially is

to get off the dollar I found this

interesting that a talks about this is

the Chinese gold trading activity this

is for their uh Futures Futures Trading

volume over in shenz Jing I think I said

that right and you to see that the

volume of

gold is that I mean way higher than I

think it's ever been I can't go past

2015 but what's happening there well

it's a pretty good idea if they want to

get off the dollar standard they go on

to Gold worked pretty well for in

America until

71 actually even worse than

that but then if you take a look at it

bitcoin's also being searched for not to

say that that China's gonna buy Bitcoin

that's it but it just was interesting

and then this one really got me let me

blow this up this was the money

printing uh for China and I was uh I was

like okay well I don't know how much 300

trillion you want is I have no idea I

don't transact in that so I had I took

so look at this since 1999 we're

actually 2000 they went from 13 trillion

Yuan that's a lot to 300 trillion

Yuan and if

you extrapolate that and I had to look

it

up uh for the exact amount it was so it

was 300

trillion 100 billion

200 million 700,000 and no cense

Yuan Chinese Yuan Remi to the US dollar

that is for a US dollar that's 41

trillion 545 billion 721 mil

168,000

2715 and I thought to myself I'm like I

thought we were the kings of money

printing apparently not if you take a

look at the M2 money supply I mean from

the 60s you know okay it was a lot but

going from 2000 around here I blew this

up the MC money supply was 4.6 trillion

from well let me go back here 4.7

trillion and then we printed money like

crazy 4.7 trillion up

to 21 trillion 21.7 that's like 16

trillion which I got to tell you China's

crushing us so

I don't know what's going to happen

globally but it's a good thing that we

have that hedge against inflation which

of course would be Bitcoin and digital

assets but that's just me Maybe I'm

Wrong let me know what you think about

that in the comment section and lastly I

put out a poll and I don't know if I'm

gonna actually do this but it seems like

like I have an assistant shout out to

Big E and Nardo who puts together all

the different articles and different

things that are going on and we you know

kind of mold that into into the show and

it takes a little bit of time time but

not too bad but for every one article

that I actually pick to talk about

there's three that are in the Lurch

because there's so many things going on

so I was thinking about you know maybe

it's time to as things accelerate to do

two streams one in the morning and then

one later in the afternoon I don't

really have like essentially I don't I

have a pretty stress fre life I must

admit to you guys

um so I put that in X and so far

33 22 like

50% are saying sure the other is four

then no there's too much what 40% so let

me know what you think about that in the

comments and we'll actually talk about

in the Q&A because who knows I could do

it it's not like it's a big thing it's

just there's so much info going on about

there and maybe even something

like doing something where it's like

Bitcoin only and then maybe talking

about altcoins and then of course the

risky stuff we don't talk about the

really risky memec coin stuff we did

that over on d d but let me you think

anyhow that's it for today if you like

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