WEBVTT - The Truth About Bitcoin Ownership: Institutions, Control, and the Future

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<v Speaker 1>Earners.

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<v Speaker 1>Okay I talked about the fact that it's heavily concentrated

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<v Speaker 1>and that you know, just a few entities own most

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<v Speaker 1>of it. And when you have this heavily of a

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<v Speaker 1>concentration in an asset, anything can happen. The price spikes

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<v Speaker 1>a lot, Why, Oh, because one or more of these

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<v Speaker 1>entities decided they wanted to buy more of it. Oh,

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<v Speaker 1>the price drop? What happened? Well, some of these entities

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<v Speaker 1>decided that they didn't want as much of it anymore.

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<v Speaker 1>They can really impact supply demand and ultimately price and

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<v Speaker 1>as an individual investor or somebody who's trying to trade

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<v Speaker 1>these or hold these or buying for my kids for

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<v Speaker 1>the long term. I have zero control over that and

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<v Speaker 1>not a ton of visibility. But when you look at

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<v Speaker 1>who holds the most bitcoin coinbase, that's us individual investors

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<v Speaker 1>that are buying in our own accounts. Satoshi whoever that is.

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<v Speaker 1>It's an entity and mysterious entity, but they do have

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<v Speaker 1>a digital signature, so we know it's out there. We

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<v Speaker 1>just can't track the person down. Finance, Blackrock, the biggest

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<v Speaker 1>money manager in the world. This company here, micro Strategy.

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<v Speaker 1>This is a publicly traded stock that used to be

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<v Speaker 1>in the you know, making equipment for servers, right, it

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<v Speaker 1>used to be in the AIE diligence business, but it's

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<v Speaker 1>changed its business completely and for the past five years

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<v Speaker 1>it's CEO Michael Saylor. All he wants to do is

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<v Speaker 1>collect bitcoin and basically it's a bitcoin treasury and one

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<v Speaker 1>of the best performing stocks this year.

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<v Speaker 2>Is the interesting thing about this this tart Caleb, I

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<v Speaker 2>know it says as of November twenty four, election happened,

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<v Speaker 2>we saw bitcoin run.

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<v Speaker 1>Black Rock has actually increased their ownership.

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<v Speaker 2>They now have over five hundred and twenty eight thousand bitcoins.

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<v Speaker 2>So you talk about the largest treasury of money from

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<v Speaker 2>the institutional.

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<v Speaker 1>They're seeing a value in.

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<v Speaker 2>It, whereas before maybe five years ago, this tart would

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<v Speaker 2>look nothing like this.

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<v Speaker 1>Absolutely, not absolutely.

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<v Speaker 3>That's important. Like I said, it's not we're agnostic about

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<v Speaker 3>the situation. So just giving you the information is not

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<v Speaker 3>not debatable facts, just so you can be informed. Bigcoin

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<v Speaker 3>is held by institutions for the most part. That's not

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<v Speaker 3>something that is the that's an actual fact. Now that

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<v Speaker 3>could be a good thing because you can say, okay, well,

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<v Speaker 3>if black Rock owns this much and they're not gonna

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<v Speaker 3>they're very intelligent people, right, They're not gonna own something

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<v Speaker 3>that's not gonna go up in value. That's a sign

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<v Speaker 3>that's gonna go up in value. That's a sign that

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<v Speaker 3>you know it's gonna be even safer going forward. Or

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<v Speaker 3>you can look at it and say, well, if they

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<v Speaker 3>own this much, then they're gonna control everything, and it

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<v Speaker 3>kind of goes against the whole principles of it being

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<v Speaker 3>decentralized and Dada and the small guys that will win.

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<v Speaker 3>But this is this is the world does not work

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<v Speaker 3>on fairy tales.

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<v Speaker 1>The rich run it.

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<v Speaker 3>The rich have always run the world, right, There's never

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<v Speaker 3>been a time in human history since money was created

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<v Speaker 3>that the rich didn't run the world. And they run,

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<v Speaker 3>and they run current, they run cryptocurrency. They own the

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<v Speaker 3>most of it, and they control the price, and they

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<v Speaker 3>run it. That's just important for you to know. So

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<v Speaker 3>it's not like this utopia that some people think that

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<v Speaker 3>it is. That's just not the case. And I have

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<v Speaker 3>a strong suspicion that they can still get because even

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<v Speaker 3>you know, in the Middle East when October seventh happened,

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<v Speaker 3>they got the Hamas's crypto, so bitcoin. So I don't

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<v Speaker 3>know how they got I don't know how they did that,

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<v Speaker 3>but that lets me know that if they want to

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<v Speaker 3>get your crypto, they're going to get your crypto. That's

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<v Speaker 3>just my own personal opinion that might not be an

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<v Speaker 3>actual fact, but the fact that they actually got their

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<v Speaker 3>their bitcoin so quickly, I just think that they have

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<v Speaker 3>some level of intelligence that if.

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<v Speaker 1>Prints it's all on the ledger. It's all on the ledger.

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<v Speaker 1>Now if you they can do some digital sleuthing to

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<v Speaker 1>find out who's who on that ledger, and that's probably

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<v Speaker 1>how they got it. But let me just show, uh,

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<v Speaker 1>go back to that chart real quick if we can,

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<v Speaker 1>or is I presenting got okay? So you see they're

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<v Speaker 1>the US government number seven. It owns a two hundred

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<v Speaker 1>and thirteen thousand bitcoin at a value. Well, now the

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<v Speaker 1>value is probably twenty five billion dollars. But where did

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<v Speaker 1>it get it's bitcoin? Right? Well, it's not like the

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<v Speaker 1>Treasury and Jenny Yellen was out there scooping bitcoin, right,

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<v Speaker 1>and it definitely wasn't happening in the administration before that.

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<v Speaker 1>What is it from. It's from the seizure of assets

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<v Speaker 1>from criminal activity that the Treasury keeps in its treasury. Right,

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<v Speaker 1>So the United States owns bitcoin and Trump President elect

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<v Speaker 1>Trump said they'll never sell it. Now he's catering to

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<v Speaker 1>the bitcoin crowd. It helped get him elected. But we

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<v Speaker 1>do have quite a bit of bitcoin in our treasury,

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<v Speaker 1>and if we're going to mine our own, there's going

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<v Speaker 1>to be a lot more. And to your pointner Shot,

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<v Speaker 1>it's antithetical to the way that bitcoin was created by

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<v Speaker 1>Satoshi Nakamoto, whoever that was, right, It was never supposed

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<v Speaker 1>to be this. But it's gone capitalist real quick. Why

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<v Speaker 1>because there's value in it, and once there's value in something.

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<v Speaker 1>Here come the sharks, right, And if you want to

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<v Speaker 1>swim with the sharks as a pilot fish or a

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<v Speaker 1>fish behind the pilot fish and make some of that

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<v Speaker 1>money too and invest in it and learn about it,

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<v Speaker 1>you can do that, or you can just say that's

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<v Speaker 1>just capitalism run amuck. I don't want any part of it.

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<v Speaker 1>But I assume if you're watching this you're interested in it.

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<v Speaker 1>Let's move on to the next line real quick. Anyway,

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<v Speaker 1>there's more. We're going to call them the whales. Yeah,

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<v Speaker 1>they're whales. There are the whales. Right. Chinese government has

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<v Speaker 1>a ton of bitcoin fidelity. Look, these are big companies, right,

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<v Speaker 1>robinhood as a lot, but that is held for clients

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<v Speaker 1>like us, right, so we dow individuals do have it.

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<v Speaker 4>An illegal alien from Guatemala charged with raping a child

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<v Speaker 4>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 4>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 4>filming and selling child pornography in Michigan. These are just

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<v Speaker 4>some of the heinous migrant criminals caught because of President

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<v Speaker 4>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 4>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 4>crossings are at the lowest levels ever recorded, and over

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<v Speaker 4>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 4>were here illegally, your next you will be fine nearly

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<v Speaker 4>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 4>never return. But if you register using our CBP home

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<v Speaker 4>app and leave now, you could be allowed to return legally.

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<v Speaker 4>Do what's right, leave now. Under President Trump, America's laws,

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<v Speaker 4>border and families will be protected.

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<v Speaker 1>Sponsored by the United States Department of Homeland Security,