WEBVTT - The SEC’s Bitcoin Move Just Changed Everything! 0:00:00.120 --> 0:00:03.720 The financial system as we know it just changed overnight 0:00:03.800 --> 0:00:07.760 thanks to an obscure three number rule, and bitcoin is 0:00:07.760 --> 0:00:10.000 at the center of it all. Now, for years, banks 0:00:10.000 --> 0:00:13.480 have been locked out of bitcoin because of one controversial 0:00:13.760 --> 0:00:17.560 SEC rule has been challenged and vetoed by Biden. But 0:00:18.000 --> 0:00:21.080 in a stunning turn of events, the rule's been overturned. 0:00:21.120 --> 0:00:24.160 And note this isn't just a policy shift, it's the 0:00:24.160 --> 0:00:28.400 beginning of a complete fundamental change in how bitcoin fix 0:00:28.480 --> 0:00:32.040 into the global financial system. And no matter what you 0:00:32.159 --> 0:00:35.720 know about this, you're not bullish enough. So in this video, 0:00:35.840 --> 0:00:39.040 I'm going to break down exactly what the SEC just 0:00:39.080 --> 0:00:41.720 did and why. Now I'm gonna explain why this is 0:00:41.760 --> 0:00:44.600 a much bigger deal for bitcoin than most are thinking. 0:00:44.800 --> 0:00:47.080 We're going to look at how this will impact bitcoin's 0:00:47.120 --> 0:00:49.680 value and adoption, and of course what we should be 0:00:49.720 --> 0:00:53.319 watching and paying attention to as all this unfolds. Now 0:00:53.320 --> 0:00:55.360 real quick. I'm Mark Moss. I've been making bitcoin and 0:00:55.400 --> 0:00:58.200 macro educational content for over seven years with over one 0:00:58.280 --> 0:01:01.120 hundred million views. I'm a partner of leading bitcoin hedge 0:01:01.120 --> 0:01:03.960 fund called the Bigcoin Opportunity Fund. I'm the chief visionary 0:01:03.960 --> 0:01:07.120 officer at Matador. It's a new public bitcoin company, and 0:01:07.160 --> 0:01:10.679 I helped thousands of investors like you navigate these fast 0:01:10.800 --> 0:01:13.800 moving times. And this is the exact information that we're 0:01:13.800 --> 0:01:16.800 looking at to plan our next moves, and so should you. 0:01:17.360 --> 0:01:21.759 So let's go all right, So what is this obscure 0:01:22.200 --> 0:01:25.760 three number rule we're talking about. Well, this is SAB 0:01:25.959 --> 0:01:29.000 one two one. Huh. Well what does that mean? Well, 0:01:29.280 --> 0:01:33.679 SAB staff Accounting Bulletin. And basically this was issued by 0:01:33.680 --> 0:01:37.840 the SEC, the Securities Exchange Commission back in twenty twenty two, 0:01:38.000 --> 0:01:41.840 and it established the crypto accounting standards. Now, the important 0:01:41.840 --> 0:01:43.559 thing to know about this is it was not a law, 0:01:43.800 --> 0:01:46.679 It was not a regulation. It wasn't passed through the 0:01:46.840 --> 0:01:49.520 regular means in the United States of going through Congress. 0:01:49.760 --> 0:01:52.480 This was by the SEC themselves, and so this was 0:01:52.520 --> 0:01:55.480 actually just a bulletin. It was like a note. This 0:01:55.600 --> 0:01:57.720 is like sort of what we think. And basically what 0:01:57.760 --> 0:02:01.440 it did is it set this requirement, this bulletin of 0:02:01.480 --> 0:02:05.000 how banks should think about accounting standards for bitcoin and cryptocurrency. 0:02:05.360 --> 0:02:07.760 And basically what it did is it required the banks 0:02:07.960 --> 0:02:11.760 to hold bitcoin and cryptocurrencies on their books as a liability. 0:02:12.040 --> 0:02:14.080 And that means for a liability they need to have 0:02:14.120 --> 0:02:17.680 a matching asset as well, and that created a problem 0:02:17.720 --> 0:02:20.120 for them. Now, the important thing to understand is that again, 0:02:20.160 --> 0:02:22.000 this was not a law, it was not a regulation. 0:02:22.040 --> 0:02:24.280 It was a bulletin. Now why is that, Well, that 0:02:24.440 --> 0:02:27.240 is because you have to understand this piece. It's because 0:02:27.639 --> 0:02:32.520 the by the administration, including Elizabeth Warren, including Gary Ginsler 0:02:32.560 --> 0:02:36.240 as the head of the SEC, were very very anti crypto. 0:02:36.320 --> 0:02:39.000 As a matter of fact, Elizabeth Warren ran on a 0:02:39.000 --> 0:02:44.640 platform called an anti crypto army literally figuratively. Now, I 0:02:44.639 --> 0:02:47.480 didn't understand, and I actually asked CHGBT when this came out. 0:02:47.919 --> 0:02:52.280 Win has a United States America politician ever ran on 0:02:52.320 --> 0:02:55.240 a platform to take away freedoms, which would be weird 0:02:55.240 --> 0:02:57.800 in the Land of the Free, and she bet said never. 0:02:58.280 --> 0:03:01.359 But Elizabeth Warren did. She ran platform to take away 0:03:01.520 --> 0:03:04.679 your rights to hold assets as you see fit, which 0:03:04.720 --> 0:03:07.600 is pretty interesting. So you can see Elizabeth Warren, Gary 0:03:07.600 --> 0:03:12.000 Ginsler and Biden were very anti cryptocurrency, very anti freedom. 0:03:12.040 --> 0:03:14.560 And so what happened is instead of going through the 0:03:14.600 --> 0:03:20.160 regular means of going and changing the laws, they decided 0:03:20.160 --> 0:03:24.040 to go around and do something sly and a roundabout way. 0:03:24.160 --> 0:03:28.360 And so what they did is the SEC completely bypassed Congress. 0:03:28.639 --> 0:03:30.960 So instead of going through the regular law channels of 0:03:30.960 --> 0:03:33.960 making a law, what it did is they issued this bulletin, 0:03:34.480 --> 0:03:36.760 and as bulletin said, hey, this is the risk that 0:03:36.800 --> 0:03:39.040 we see. This is what we think you should do. 0:03:39.480 --> 0:03:41.320 And you know it's not a law, but if you 0:03:41.400 --> 0:03:44.000 don't do this, be prepared for us to come in 0:03:44.040 --> 0:03:46.400 and find you and shut you down in all types 0:03:46.400 --> 0:03:49.480 of things. And so it completely bypassed Congress in that way, 0:03:50.560 --> 0:03:54.240 and it fast tracked strong Arms its implementation. Some concerns 0:03:54.240 --> 0:03:56.520 of the SEC's actions were that it had lack of 0:03:56.600 --> 0:04:00.760 due process. So because they circumvented Congress, the SEA ignored 0:04:00.960 --> 0:04:05.000 the proper process. It had regulatory overreach. So it created 0:04:05.080 --> 0:04:08.640 new laws through a threat, a threat of enforcement. So 0:04:08.720 --> 0:04:12.200 this was how the Biden regime did things. They threatened people, 0:04:12.440 --> 0:04:14.560 if they don't do what they want, then they're going 0:04:14.600 --> 0:04:17.440 to be raked through the coals. Now, in that bulletin, 0:04:17.760 --> 0:04:20.280 they showed sort of the technological risk, the legal risk, 0:04:20.360 --> 0:04:23.240 the regulatory risks that were posed. And basically what they 0:04:23.279 --> 0:04:30.240 said here is this was required, required, required, required, So 0:04:30.279 --> 0:04:32.679 they're telling you, if you don't do this, be prepared, 0:04:32.680 --> 0:04:35.240 were coming after you. So guess what happened, Well, the 0:04:35.279 --> 0:04:39.440 banks didn't get involved. They wanted to, and the banks 0:04:39.520 --> 0:04:42.320 started missing out. The banks saw everybody making all this 0:04:42.400 --> 0:04:45.279 money in bigcoin and cryptocurrencies. Of course they wanted in, 0:04:45.760 --> 0:04:48.320 but they couldn't because they were fearful of what the 0:04:48.360 --> 0:04:51.080 SEC would do. And so then what do the banks do. Well, 0:04:51.120 --> 0:04:53.400 if we can't make money, then we're not going to 0:04:53.520 --> 0:04:56.000 let anybody participate. And so you saw things where the 0:04:56.000 --> 0:04:59.120 banks were potentially not letting you transfer money from the 0:04:59.160 --> 0:05:01.520 bank to an extra he's like coinbase for example, like 0:05:01.600 --> 0:05:04.159 my own bank, one of the banks I use won't 0:05:04.200 --> 0:05:07.920 let me transfer money so for example. But the problem 0:05:07.960 --> 0:05:10.760 is the banks were losing customers. They could see people 0:05:10.920 --> 0:05:14.200 pulling money out and send it to cryptocurrency exchanges, and 0:05:14.279 --> 0:05:16.520 banks were very sticky. They don't want to lose those 0:05:16.520 --> 0:05:20.120 customers because they'll lose out a lot of potential income. 0:05:20.440 --> 0:05:22.920 Now again, they wanted to switch over, but they were 0:05:23.000 --> 0:05:27.599 fearful of this hostile administration again, Gensler, Biden, and Warren. 0:05:27.680 --> 0:05:29.400 So what did they do? Well, they did what you're 0:05:29.400 --> 0:05:32.200 supposed to do in America, which is they started to 0:05:32.400 --> 0:05:35.400 have a legislative movement, and they submitted a bill to 0:05:35.480 --> 0:05:38.920 get SAB one two one recinded so the sec wouldn't 0:05:38.960 --> 0:05:41.919 have this hanging over their head. And they got it 0:05:41.960 --> 0:05:44.320 through last year through the Senate. The Senate approved it, 0:05:44.480 --> 0:05:47.279 they got it through the House, the House approved to 0:05:47.360 --> 0:05:50.680 repeal it. Then it got all the way to Biden's 0:05:50.720 --> 0:05:54.520 desk and he vetoed it. So the will of the 0:05:54.520 --> 0:05:57.840 American people, the Banks, the Senate, the House all said 0:05:57.920 --> 0:06:00.000 get rid of this bulletin. You shouldn't have that power. 0:06:00.640 --> 0:06:03.160 And the president, President Biden vetoed it, or whoever had 0:06:03.160 --> 0:06:06.040 his stamp at the time, we don't know. So basically 0:06:06.120 --> 0:06:08.560 what happened you can see here Biden veto's the resolution 0:06:08.680 --> 0:06:13.800 to overturn it. This was last year with Biden's angry face. 0:06:13.920 --> 0:06:16.520 Like I said, probably wasn't him. So what happened then, Well, 0:06:16.600 --> 0:06:19.200 the American people voted and they got Biden out and 0:06:19.200 --> 0:06:21.560 they put Trump in. Trump came in. He gave this 0:06:21.600 --> 0:06:24.680 speech at Bitcoin conference in Nashville last year. I got 0:06:24.680 --> 0:06:26.800 to speak on the main stage about two hours before 0:06:26.839 --> 0:06:29.320 Trump showed up. I tried to stay backstage to see 0:06:29.400 --> 0:06:31.200 him when he showed up, but they wouldn't let me. 0:06:31.320 --> 0:06:33.840 But I got to watch this stage, this presentation from 0:06:33.880 --> 0:06:36.120 the front of the stage, and he basically said, fire 0:06:36.200 --> 0:06:39.279 Gary Ginsler. On day one he said, we've seen all 0:06:39.320 --> 0:06:41.920 the persecution that's happened to the bitcoin and cryptocurrency space 0:06:41.960 --> 0:06:43.880 by the SEC, and we're going to get rid of it. 0:06:43.960 --> 0:06:45.800 We're going to fire him. So the American people spoke 0:06:46.080 --> 0:06:48.120 as it's supposed to be done, and Trump came in. 0:06:48.200 --> 0:06:51.680 Now this is where things get interesting, and not just interesting, 0:06:51.880 --> 0:06:55.919 but very powerful. So here comes the Bank. So what 0:06:55.960 --> 0:06:59.360 happened is Trump has so far kept his word. He's 0:06:59.400 --> 0:07:00.680 done a lot of things he said he was going 0:07:00.760 --> 0:07:03.279 to do, like, for example, close the borders. He freed 0:07:03.360 --> 0:07:05.920 Ross on day one, and he got rid of Gary 0:07:05.960 --> 0:07:08.560 Ginsler at the head of the SEC. So he stepped 0:07:08.600 --> 0:07:14.200 down and immediately SAB one two one was rescinded. The 0:07:14.320 --> 0:07:16.800 very thing that was holding the banks back, the financial 0:07:16.880 --> 0:07:19.040 system back, the very thing that they tried to get 0:07:19.120 --> 0:07:22.520 rid of that Biden wouldn't let go of. It's over 0:07:22.880 --> 0:07:25.400 so the bank. So that's been rescinded, and now the 0:07:25.480 --> 0:07:28.720 banks are coming with adoption. You can see breaking SEC 0:07:28.760 --> 0:07:32.280 officially rescinds SAB one twenty one, which prevented banks from 0:07:32.360 --> 0:07:35.920 custodying bitcoin. So if the banks can custody bitcoin, that 0:07:36.040 --> 0:07:38.640 means now they could hold it on behalf of their customers. 0:07:38.960 --> 0:07:41.280 They could sell it to their customers. They could sell 0:07:41.280 --> 0:07:43.280 it and hold it. They could do all types of 0:07:43.320 --> 0:07:48.080 financial products, lending products, hedging products, all types of financial products, 0:07:48.200 --> 0:07:51.000 which of course is what they want to do. Now. 0:07:51.240 --> 0:07:55.120 If the banks do this, this brings adoption. Why well, 0:07:55.120 --> 0:07:57.680 for a couple of reasons. Number one, it makes it 0:07:57.720 --> 0:08:03.000 accessible two millions, millions, hundreds of millions of people. People 0:08:03.080 --> 0:08:06.000 already have bank accounts. If I can just click a 0:08:06.040 --> 0:08:08.320 button and add bitcoin in my bank account, it makes 0:08:08.360 --> 0:08:12.480 it very easy, very accessible. Number two, it adds legitimacy 0:08:12.720 --> 0:08:14.920 and trust. I mean, I don't know about this magic 0:08:14.960 --> 0:08:17.080 internet money. I don't know about this exchange. I mean, 0:08:17.080 --> 0:08:18.720 I got to set up this account and I somehow 0:08:18.760 --> 0:08:21.320 have to send them money. Seems kind of sketchy. But 0:08:21.400 --> 0:08:24.280 if my money is already in my bank who I 0:08:24.320 --> 0:08:27.240 trust Wells Fargo, Chase, Bank of America, and I can 0:08:27.640 --> 0:08:31.320 click a button to add bitcoin, it adds legitimacy and trust. 0:08:31.400 --> 0:08:33.439 I trust the bank to hold my money. I can 0:08:33.440 --> 0:08:36.520 trust the bank to hold my bitcoin. It also then, 0:08:36.640 --> 0:08:39.640 as I said, allows the banks to introduce all types 0:08:40.000 --> 0:08:43.200 of new products they want to do this. Let me 0:08:43.320 --> 0:08:46.720 show you exactly what they're saying. We just saw the 0:08:46.760 --> 0:08:50.080 World Economic Forum was being held in Davos, and of 0:08:50.120 --> 0:08:53.000 course all the world leaders, including the banksters, were all 0:08:53.040 --> 0:08:57.319 there at Davos. David Solomon, the CEO of Goldman Sachs, 0:08:57.360 --> 0:09:01.000 one of the largest, most prestigious, most influential financial firms 0:09:01.000 --> 0:09:04.040 in the world, said, at the moment, from a regulatory perspective, 0:09:04.240 --> 0:09:07.720 we can't own bitcoined. This was a few weeks ago 0:09:07.880 --> 0:09:11.600 previous to this being rescinded. He said, But but if 0:09:11.600 --> 0:09:14.680 the world changes, which it just did, we can have 0:09:14.800 --> 0:09:17.960 a discussion about it. So he's saying, look, we'd love 0:09:18.000 --> 0:09:20.440 to get into it, but we can't. But if it changes, 0:09:20.800 --> 0:09:23.319 we're all about it. That's what he's saying. Okay, that's 0:09:23.360 --> 0:09:26.840 Goldman Sachs. What else we got a small business owner, 0:09:26.920 --> 0:09:29.720 are you buried in all types of work keeping you 0:09:29.760 --> 0:09:32.360 from the real thing that makes you money. Well, that's 0:09:32.360 --> 0:09:34.360 where just Works comes in. They're the all in one 0:09:34.360 --> 0:09:37.720 platform that supports small business growth. You can get all 0:09:37.800 --> 0:09:41.000 their tools that help with benefits like payroll and HR 0:09:41.080 --> 0:09:45.080 and compliance with transparent pricing. Now they help you hire 0:09:45.160 --> 0:09:49.840 top talent internationally, internew markets, quickly scale international operations without 0:09:49.880 --> 0:09:52.920 the workload, and for every how do I do it? Question? 0:09:53.120 --> 0:09:55.440 You can reach out to their expert staff from sole 0:09:55.520 --> 0:09:59.400 proprietor or a team of twenty. Just Works empowers all 0:09:59.480 --> 0:10:03.280 kinds of small businesses with real human support. So visit 0:10:03.440 --> 0:10:06.960 just Works dot com slash podcast to join the thousands 0:10:06.960 --> 0:10:09.640 of small businesses that trust Just Works to take care 0:10:09.679 --> 0:10:14.320 of payroll, benefits, compliance and more. Again, that's Justworks dot 0:10:14.360 --> 0:10:19.440 com slash podcast. Well we have right here Morgan Stanley, 0:10:19.559 --> 0:10:22.200 CEO Ted Pick said, we'll be working with Treasury and 0:10:22.200 --> 0:10:26.360 I have the regulators to figure out how keyword, how 0:10:26.440 --> 0:10:29.959 how we can offer crypto services in a safe way. Well, 0:10:30.280 --> 0:10:33.000 they don't have to anymore because it's been rescinded and 0:10:33.000 --> 0:10:35.560 they're ready to come in hard and heavy. Now, speaking 0:10:35.559 --> 0:10:38.480 of hard and heavy, we have here a message from 0:10:38.960 --> 0:10:42.600 Bank of America CEO Brian moynihan. He said, if the 0:10:42.679 --> 0:10:45.480 rules come in and make it a real thing, you 0:10:45.520 --> 0:10:48.960 can actually do business with, which you just did, you'll 0:10:48.960 --> 0:10:54.079 find that the banking system will come in hard. Quote, 0:10:54.800 --> 0:10:57.440 come in hard. What does hard mean? Well, I have 0:10:57.520 --> 0:10:59.480 some numbers for you, he says, they're going to come 0:10:59.480 --> 0:11:03.240 in hard. So Goldman, Sachs, Morgan Stanley, Bank of America, 0:11:03.400 --> 0:11:06.160 some of the biggest banks in the world are coming 0:11:06.240 --> 0:11:09.400 in hard. But what does hard really mean. Well, here 0:11:09.440 --> 0:11:13.640 we have Blackrock, not arguably the biggest financial firm in 0:11:13.640 --> 0:11:15.839 the world. I think eleven and a half trillion dollars 0:11:15.880 --> 0:11:20.480 in assets Blackrock, it's not their money. It's not eleven 0:11:20.480 --> 0:11:22.600 and a half trillion dollars with their money. It's your money. 0:11:22.679 --> 0:11:25.240 It's your pension, your retirement fund. They manage it on 0:11:25.280 --> 0:11:29.640 your behalf. Blackrock is now telling everybody that they manage 0:11:29.640 --> 0:11:33.559 money for that They recommend bitcoin portfolio waiting of up 0:11:33.600 --> 0:11:38.360 to two percent. Up to two percent, the largest financial 0:11:38.640 --> 0:11:41.240 firm in the world, who manages more money for more 0:11:41.280 --> 0:11:43.640 people than anybody else, is saying that everyone should have 0:11:43.640 --> 0:11:47.920 about a two percent waiting to bitcoin. That's what hard 0:11:48.040 --> 0:11:51.439 looks like. Now, what would a two percent waiting mean? Well, 0:11:52.280 --> 0:11:55.640 the head of Blackrock, Larry Fink, just happened to tell us. 0:11:55.840 --> 0:11:58.280 He said that I was with a sovereign wealth fund 0:11:58.760 --> 0:12:02.600 during this week and Davos, and there was a conversation 0:12:02.800 --> 0:12:05.680 should we have a two percent allocation or should we 0:12:05.720 --> 0:12:09.200 have a five percent? Not should we have one or not? 0:12:10.160 --> 0:12:12.880 But it's how big should it be two percent or 0:12:12.920 --> 0:12:14.880 should it be five percent? And he said that if 0:12:14.920 --> 0:12:18.000 everybody adopted that conversation. When he says everybody, what he's 0:12:18.000 --> 0:12:20.160 talking about is if all the big funds, not every 0:12:20.160 --> 0:12:22.320 single person in the world, but all the big funds. 0:12:22.360 --> 0:12:25.120 If if everybody, if the funds would do that, if 0:12:25.160 --> 0:12:28.280 they'd have that conversation, we'd see bitcoin up to seven 0:12:28.400 --> 0:12:33.079 hundred thousand dollars per bitcoin. So that's seven hundred thousand 0:12:33.120 --> 0:12:35.000 potentially a future value, and you can buy it for 0:12:35.080 --> 0:12:37.600 one hundred thousand today. Seems like a pretty good deal. 0:12:37.920 --> 0:12:41.320 I think Larry Fink is bullish, but maybe he's still 0:12:41.360 --> 0:12:45.440 not bullish enough. All right, let's keep going now. The 0:12:45.520 --> 0:12:47.800 reason why he may not be bullish enough is because 0:12:47.800 --> 0:12:50.560 you have to understand this isn't just that SAB one 0:12:50.600 --> 0:12:53.840 two one was recented, which it was. What this is 0:12:53.920 --> 0:12:57.840 it's really a signal. It's a shift, it's a fundamental transformation, 0:12:58.320 --> 0:13:02.040 it's a regime shift. We got the entire whatever you 0:13:02.040 --> 0:13:04.880 want to call it Obama Biden administration. That regime is 0:13:04.920 --> 0:13:09.040 out and we have a new regime in that's completely different. 0:13:09.080 --> 0:13:13.400 How different, Well, Gensler, Gary Ginsler, Elizabeth Warren, the anti 0:13:13.480 --> 0:13:18.120 crypto army, they're out and instead taking Ginsler's place is 0:13:18.160 --> 0:13:21.040 Hester Pierce. Now, Hester Pierce has been with the SEC 0:13:21.200 --> 0:13:23.600 for a long time. She has been one of the 0:13:23.679 --> 0:13:26.920 only people at the SEC that's been friendly to crypto. 0:13:27.000 --> 0:13:29.839 She's been this voice of reason, if you will, trying 0:13:29.840 --> 0:13:32.920 to speak on behalf of the people. So much in 0:13:33.000 --> 0:13:37.440 fact that hester Pierce has been labeled crypto Mom. Now 0:13:38.000 --> 0:13:41.000 Ginsler is out, and guess who took his place, none 0:13:41.040 --> 0:13:44.280 other than crypto Mom Hester Pierce. As a matter of fact, 0:13:44.320 --> 0:13:47.520 we also have David Sachs, a well known crypto advocate 0:13:47.679 --> 0:13:51.120 who has now become Trump's cryptos are. So we have 0:13:51.160 --> 0:13:53.920 a huge crypto advocate as the cryptos are. We have 0:13:53.920 --> 0:13:58.079 Crypto Mom taking over the SEC, and we have Trump 0:13:58.400 --> 0:14:01.360 who came in and used an executive order to get 0:14:01.440 --> 0:14:05.560 rid of Operation choke Point. And Operation choke Point was 0:14:05.640 --> 0:14:10.520 this u SEC basically regulation, well not regulation, but they 0:14:10.559 --> 0:14:15.200 were attacking banks and other financial institutions sort of unconstitutionally 0:14:15.280 --> 0:14:18.200 and that is gone. You can see here this article 0:14:18.200 --> 0:14:21.680 from Bloomberg says, the SEC launches Crypto Task Force, led 0:14:21.720 --> 0:14:25.240 by crypto mom Hester Pierce. So they're going to develop 0:14:25.280 --> 0:14:28.280 a clear framework for crypto and they're going to do 0:14:28.320 --> 0:14:30.600 it the right way. They're going to coordinate with Congress 0:14:31.240 --> 0:14:34.040 as well as well as other agencies. So not like 0:14:34.080 --> 0:14:37.440 with the SECD before, which was this inrun around Congress, 0:14:37.560 --> 0:14:40.040 They're going to work directly with Congress. This is a 0:14:40.080 --> 0:14:43.200 big deal. This is a regime shift. On top of that, 0:14:43.280 --> 0:14:46.320 as I said, Trump did some executive orders executive order 0:14:46.720 --> 0:14:51.440 sidelines the FED and its sidelines the FDIC, like get 0:14:51.480 --> 0:14:55.160 out of the way. We're doing this right, we're doing this. 0:14:55.160 --> 0:14:57.680 This is the end of Operation Choke point two point zero. 0:14:58.000 --> 0:15:01.880 No longer will they do these unconsc titutional moves. If 0:15:01.880 --> 0:15:04.000 cryptocurrency and bit one is legal in the United States, 0:15:04.120 --> 0:15:06.000 as an American, you should have the right to do this. 0:15:06.000 --> 0:15:07.520 Now if you're not in the United States, what does 0:15:07.520 --> 0:15:10.120 this mean to you, Well, the US is a pretty 0:15:10.120 --> 0:15:12.920 big influential country and most likely this will trickle down 0:15:12.960 --> 0:15:15.600 to your country as well. But regardless, this is going 0:15:15.640 --> 0:15:18.560 to bring the boat up for everybody in the world. 0:15:19.000 --> 0:15:22.760 And again, this is not just about banks holding bitcoin 0:15:22.880 --> 0:15:27.240 as a custody. This is an entire regime shift. Do 0:15:27.240 --> 0:15:29.240 you understand what I'm talking about now? If you've been 0:15:29.240 --> 0:15:31.800 watching my videos for any time, then you know that 0:15:31.840 --> 0:15:36.960 this fits perfectly into the fifty year quantum wave framework 0:15:37.000 --> 0:15:38.760 that I've been talking about for a long time. We're 0:15:38.800 --> 0:15:43.520 in this fifty year cycle. There's four distinct phases now, 0:15:43.640 --> 0:15:48.000 as I've shown many times, Phase one right here is 0:15:48.080 --> 0:15:50.880 where retail comes in. This is where the big bang happens. 0:15:51.120 --> 0:15:53.840 All the retail comes in, the developers come in, the 0:15:53.880 --> 0:15:56.480 nerds that like the Playo technology come in. Phase two, 0:15:57.240 --> 0:15:59.840 which is where we're at right here, is the largest 0:16:00.080 --> 0:16:02.760 part of the cycle. It's what we call the surge. 0:16:02.880 --> 0:16:06.520 And this represents what I call the institutional phase or 0:16:06.560 --> 0:16:08.480 the frenzy phase. So for those of you who are 0:16:08.480 --> 0:16:11.040 watching this thinking it's too late, I should have bought 0:16:11.040 --> 0:16:13.000 bickcoin when it was ten cents or one thousand or 0:16:13.000 --> 0:16:17.440 ten thousand, know that right now is still early. We 0:16:17.560 --> 0:16:20.120 still have the biggest part of the move right here 0:16:20.160 --> 0:16:22.480 in front of us. And so what's interesting is this 0:16:22.560 --> 0:16:25.360 fifty year framework that's happened. Now this is the sixth 0:16:25.440 --> 0:16:28.440 time in three hundred years we happen to have the 0:16:28.480 --> 0:16:31.520 news of the regime change, the Trumpet administration. That fits 0:16:31.520 --> 0:16:36.120 in perfectly with this entire framework. Now you can see 0:16:36.200 --> 0:16:39.040 we can also overlay something that we use in technology 0:16:39.080 --> 0:16:41.800 to measure adoption called an S curve, and we can 0:16:41.880 --> 0:16:43.600 also see that the time it takes to go from 0:16:43.760 --> 0:16:46.840 zero to ten percent adoption is the same time it 0:16:46.840 --> 0:16:49.800 takes to go from ten percent to full adoption, which 0:16:49.840 --> 0:16:52.640 is generally eighty or ninety percent. And you can see 0:16:52.640 --> 0:16:55.080 this is a parabolic run that we have in front 0:16:55.080 --> 0:16:59.440 of us. And again this shift fits in perfectly with that. 0:16:59.560 --> 0:17:01.240 Now we can see this is a little bit of 0:17:01.240 --> 0:17:03.360 an older chart. These are slides from a video I 0:17:03.360 --> 0:17:05.680 gave over an Abu Dhabi about a month ago called 0:17:05.840 --> 0:17:08.000 Abu Dhabi is the capital of capital. Some of the 0:17:08.119 --> 0:17:10.200 richest people in the world were there and we saw 0:17:10.280 --> 0:17:13.080 then that institutions were coming for bitcoin. As a matter 0:17:13.119 --> 0:17:16.600 of fact, at that time, over sixty public trade institutions 0:17:16.640 --> 0:17:19.040 were already holding bitcoin in their balance sheet. Today it's 0:17:19.080 --> 0:17:22.040 almost one hundred. In like a month, it's almost doubled. 0:17:22.359 --> 0:17:24.879 That's how quickly this is coming. If you want to 0:17:24.920 --> 0:17:28.240 watch the full video from this, we'll link it down below. 0:17:28.359 --> 0:17:30.840 You can watch this whole video, see all these slides. 0:17:30.880 --> 0:17:33.440 It's pretty compelling if I do say myself. We'll link 0:17:33.480 --> 0:17:35.080 to that down below. And if you'd like to know 0:17:35.160 --> 0:17:38.280 how we invest through this, what types of assets when 0:17:38.359 --> 0:17:40.920 we be buying during this part of the cycle, I'm 0:17:40.960 --> 0:17:43.240 having a free live event. We'll all go through a 0:17:43.320 --> 0:17:45.800 number of charts and you can see exactly what history 0:17:45.880 --> 0:17:47.840 tells us about this. It's free. If you want to 0:17:47.840 --> 0:17:49.800 come hang out, we'll do live Q and A. I'll 0:17:49.800 --> 0:17:52.359 put a link to that down below as well. But 0:17:52.480 --> 0:17:55.480 this is a big deal. Now let's think about this 0:17:55.760 --> 0:17:58.520 from a few different ways and get ready for impact. 0:17:58.760 --> 0:18:01.600 So on a short basis, we want to be thinking 0:18:01.640 --> 0:18:04.800 about this being more about sentiment. So we're going from 0:18:04.960 --> 0:18:08.560 like this aggressive stance where we're basically trying to penalize 0:18:08.560 --> 0:18:11.239 it and shut it down to now legitimizing it. Right, 0:18:11.280 --> 0:18:13.919 we have an administration that's now very pro bitcoin, so 0:18:13.920 --> 0:18:17.359 this starts to change the mental sentiment. Now, don't be 0:18:17.400 --> 0:18:19.479 alarmed if we see the volatility in front of us. 0:18:19.520 --> 0:18:21.400 This doesn't mean that the price of bitcoin is going 0:18:21.440 --> 0:18:24.120 to double overnight, but we'll start to see this sentiment 0:18:24.160 --> 0:18:27.679 shift as more people coming in. Now, this just allowed 0:18:27.720 --> 0:18:30.199 the banks to clear the way. It takes time for 0:18:30.320 --> 0:18:34.560 them to build products and launch products, so be patient. 0:18:34.720 --> 0:18:38.679 But over the long term, we're talking about potentially hundreds 0:18:38.760 --> 0:18:41.760 of billions of dollars of capital coming in. Now, let's 0:18:41.800 --> 0:18:45.159 put this into perspective. We got bitcoin ETFs about a 0:18:45.200 --> 0:18:49.440 year ago. We've had less than one hundred billion dollars 0:18:49.680 --> 0:18:53.000 of capital come in to the ETFs, but yet the 0:18:53.119 --> 0:18:55.800 price of bitcoin, the market cap has gone up by 0:18:55.880 --> 0:18:59.959 more than a trillion dollars. So one hundred billion equals 0:19:00.119 --> 0:19:02.440 trillion dollars in market app what happens if a few 0:19:02.680 --> 0:19:05.760 hundred billion come in? You can do the math. That's 0:19:06.000 --> 0:19:09.000 more long term, which again fits perfectly into this thesis. 0:19:09.320 --> 0:19:12.920 But some people are afraid that there's risks. Some people 0:19:12.920 --> 0:19:14.960 are afraid that if the banks come in, this leads 0:19:15.000 --> 0:19:18.320 to manipulation. If they own all the bitcoin, what if 0:19:18.320 --> 0:19:20.359 they start to suppress the price like they've done with 0:19:20.400 --> 0:19:22.960 gold and things like that. Well, what I would say is, 0:19:22.960 --> 0:19:25.359 think about this from a different perspective. Think about this 0:19:25.400 --> 0:19:28.560 from a game theory, or maybe a psychological standpoint. If 0:19:28.600 --> 0:19:31.359 the banks are itching to get in because they want 0:19:31.400 --> 0:19:33.520 to make a bunch of money from you, if they 0:19:33.560 --> 0:19:36.440 want to have more ETFs, well, the only reason they're 0:19:36.440 --> 0:19:39.600 going to buy the ETFs or buy the bitcoin is 0:19:39.600 --> 0:19:42.000 if the price goes up. If they starting to manipulate 0:19:42.040 --> 0:19:45.119 it to push the price down, you wouldn't be buying it. 0:19:45.560 --> 0:19:47.159 What would be the point of that, And so I 0:19:47.200 --> 0:19:48.800 would just have you think about that. I think the 0:19:48.960 --> 0:19:53.199 risk of manipulation is very low. All right, now, what 0:19:53.200 --> 0:19:54.960 do we want to do? We want to be watching 0:19:55.040 --> 0:19:57.480 this as it develops. A couple things. One, we want 0:19:57.480 --> 0:20:00.480 to watch the big banks, the JP, Morgan's City Banks, 0:20:00.520 --> 0:20:02.359 the Bank of America has already told you what they're saying. 0:20:02.720 --> 0:20:05.280 They're coming, but we want to watch for this, right. 0:20:05.320 --> 0:20:07.880 We also want to watch the SEC because this isn't 0:20:07.920 --> 0:20:10.120 done yet. This is only the beginning. At this point, 0:20:10.160 --> 0:20:12.240 at the time I'm recording this, we're only not even 0:20:12.280 --> 0:20:16.120 a week into this new regime, this new administration. They're 0:20:16.119 --> 0:20:19.199 not done yet. They are going to completely open this up. 0:20:19.240 --> 0:20:21.560 The United States is going to become the capital of 0:20:21.560 --> 0:20:24.960 bitcoin and digital assets right here in America. But it's 0:20:25.000 --> 0:20:29.240 gonna also take Global Liquity. So, as I said, just 0:20:29.280 --> 0:20:31.679 because this is happening doesn't mean the price got double overnight. 0:20:32.240 --> 0:20:35.040 The main driver in the driver's seat is Global Liquity. 0:20:35.240 --> 0:20:36.719 If you want me to do a whole video on that, 0:20:36.840 --> 0:20:39.520 leave me a note in the comments down below. Global 0:20:39.520 --> 0:20:43.119 equity is the driver for all assets, specifically risk assets 0:20:43.119 --> 0:20:45.639 that are sensitive like bitcoins. We want to definitely watch that. 0:20:45.880 --> 0:20:47.320 But I do want to leave you with the thought, 0:20:47.520 --> 0:20:50.119 and that is that we are at the doorstep right now. 0:20:50.480 --> 0:20:53.560 This is a moment in time. Remember this the doorstep 0:20:54.040 --> 0:20:58.520 of the single biggest migration of capital. All the money 0:20:58.560 --> 0:21:01.800