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welcome back to cryptos R Us I am George in this video I want to show you guys and react to an interview between Stan be research and Max Kaiser a Bitcoin billionaire now this interview is quite long but there's a piece where he talks about Michael sailor's conversation with Elon Musk and also he talks about Peter Schiff and this is pretty fascinating also pretty hilarious so I did want to show you guys and react to it and finally I want to conclude by talking about Bitcoin this past few days has been tremendous for Bitcoin it is sitting right at $27,000 and it went up as high as $28,000 earlier today so where is it going to go well I'm going to let you know at the end of this video all right let's get started okay so this is the interview between Max Kaiser and this host from stanbury research it's quite long about 30 minutes so I'm going to play a few segments that are quite fascinating and very educational and also quite funny and let me react to them for you guys so so getting to that exchange between sailor and Elon Musk and I know Peter Schiff went on Twitter saying well people are forgetting the second half of that convo where yes at first Elon Musk expressed some interest sailor said you know do your uh do your shareholders a $200 billion doll favor Elon Musk leader tweeted well no Bitcoin I think is BS just like Fiat money where does the truth lie there Max in your opinion I know you didn't speak to Elon mus directly but where do you think it Li right well the the learning curve for Bitcoin everyone is on it in at their own speed so for me I got it in 2011 uh Michael sailor was looked at it in 2013 he didn't understand it it it took him five or six years to really figure it out we've got Elon Musk is now looking at it and because he's a smart guy he'll he'll get orange pilled as we call it and he'll understand what's going on here and he'll jump in Peter Shi you know all right so I I want to stop right there and comment on what Max said uh before he rips into Peter Schiff I think it's entirely true everyone learns about Bitcoin um at their own pace and not everyone truly understands it right away Michael sailor like Max said he learned about in 2013 but didn't really get it until years later and even though right now Elon doesn't really get it we know he's a smart guy very very smart guy he will come around to it and I think it's not just him all these other billionaires uh they will come around he's in he's in denial basically he's a he's a Fiat money addict and like a heroin addict or a drug addict you you can't do anything about it until Peter shift bottom see until he hits Fiat money bottom he's not gonna he's not gonna be able to help himself and there's nothing anyone can do to help Peter shift you know he has to he has to hit bottom he has to realize he's been dead wrong for the 10 years I've been telling telling him to buy Bitcoin since it was a dollar I was at his house in Westport Connecticut over Christmas a few years ago when it was under $100 I begged him and his son uh to who heard about it who's now buying Bitcoin uh and I told him to buy it a thousand I've been telling him to buy it for 10 years uh but he's uh he's he's not he hasn't hit bottom yet and it's very very sad uh to see somebody like that destroy their life uh destroy their career uh but that's some people are they're just can't get it they can't it's really funny to to hear about how Max actually seems like he's pretty close to Peter that he was actually invited to his house and he tried to sell him on bitcoin all these years right him and his son and the funny thing is his son is now into Bitcoin right I don't know if put a lot of money in there but Peter himself has said his son bought Bitcoin so kind of funny now the one thing I want to comment on is um he's saying that Peter is addicted to Fiat right which is a little bit confusing he's a Fiat addict which doesn't make sense's he's a gold bug he was a gold addict right but later on this interview he explains why he calls even gold like Fiat or control by Fiat because of what Wall Street can do to manipulate it I think that's the reason why he keeps saying Fiat addicted not gold addicted but let's continue get it they can't they can't they can't get Bitcoin sober and I it's an open invitation I'd love to have you and Peter Schiff both on I've debated him several times I moderator you know like he doesn't have any arguments he's never studied even for five minutes anything about Bitcoin he cannot make an intelligent argument about it he simply says he just mouths you know ploted to he just says silly things and he just he you know he's an addict it's like arguing with a heroin addict to put take the needle out of your arm Peter it's a really bad idea he goes no just one more shot one more I just want one more P up right there's no way you can get someone like that to come around and and help themselves you know sometimes you know some of us have to die you know so that others can live we can't get overly uh sentimental about Peter ship if he wants to go down with the Fiat money ship there's nothing we can do about it I I'm not gonna be I'm not gonna I I've spent all the time I'm ever gonna spend trying to help Peter shift from obliterating his career and his life and I'm not going to spend any more time on Peter Shi I got 10,000 people in my telegram group from all over the world who are buying $10 and $20 of Bitcoin every day and their lives are improving they're supporting their families they're getting an education they're they're escaping the the hyperinflation in Venezuela and they're State escaping poverty in Cuba those are the people we need to focus on don't focus on this bloated fat money idiot who is simply trying to get attention by pretending to be even stupider than he really is all right such a waste of time okay Max just went out there right um but I think his last point is true we know that Peter now craves craves attention from Twitter that's why he tweets all the time and most of his tweets are about Bitcoin now right so it does seem like uh Max has a point there where Peter just kind of EGS or maybe acts more stupid or acts more bearish on bitcoin just for attention and it's not just him all the other Bitcoin bears that are still around they kind of do the same thing right they're actually elevating their Celebrity Status by going against Bitcoin because there's really nothing else uh to do or to say Can Bitcoin be manipulated not like gold because of the fact that you've got the private keys in the hands of the users so unlike gold which settles for cash and whenever it gets too high the comac and these other exchanges can bang it down with naked Short Selling which has been documented to be factual and true there's nobody that's not a under debate anymore Bitcoin has the has the brilliant feature of being able to pull the private keys out at any moment and therefore any kind of derivatives piling on to manipulate the price that sule would collapse at an instant so there there is leverage don't get me wrong but you cannot manipulate the price of Bitcoin using derivatives like you can everything else including gold no so that's his explanation I think that's why he thinks that um Peter shiff is addicted to Fiat and not gold right but I didn't understand this thing about derivatives about pulling the private keys out he didn't really explain that about Bitcoin I get the fact that people control their private keys but these derivatives that exist like Bitcoin Futures Bitcoin options and so forth you can't really just collapse them with with taking out the private key I I I don't understand what he was saying there in addition to the derivatives gold market if you learn about it it's also very controlled by a few entities out there right and also uh they do control how much Supply there is how much is being mined per year there's a lot of things that goes beyond that but with Bitcoin you know the the beauty of Bitcoin is there's no one controlling it everything is set by code right so there's no way to inflate it more to cause less Bitcoin to come out in the market or cause more to come out on the market no it's all controlled by code there's no single entity or country or organization that's really controlling it which is why it is a better form of gold it's funny that that the the exchange between Elon Musk and Michael sailor was that Michael sailor said the most Peter Shi of course focused on the the stupid thing that makes that doesn't mean anything he he missed the he missed the the forest for the trees he he missed the point as he always does sailor said to Elon Musk I will share my playbook with you okay that was the key phrase in other words sailor is talking to CEOs all over the world yeah and telling him how he did it right because he knows that if he gets 10 20 30 40 more companies to do the same thing that Bitcoin PR is going to get to where it needs to go a lot faster right so he's it's in his his own self-interest this is Game Theory so I think that's a very important point that Michael already is talking to other CEOs there's no doubt that he is talking to other CEOs and if he could convince 20 30 40 other CEOs of multi-billion dollar companies to do the same thing and put some of their Reserve currency into Bitcoin that will be enormous enormous Miss so kind of shows you Max gets it he's thinking about it he's Forward Thinking all right let's look at Bitcoin next 26,600 pretty darn good 1,000 points higher than yesterday 2,000 points than uh two days ago and much much higher if you go beyond that um so Bitcoin has been on a ferocious run up and it went up as high as 20,400 this morning before taking a breather and it is in a very very good spot right now we know Bitcoin needs to take breathers from time to time to let things cool off let these indicators uh come down from the very very overbought levels they were in but now it's gearing up it's gearing up for the next leg up so Bitcoin has been following this trend line ever since pre Christmas PR Christmas Eve right and you can see it really broke out really broke out the last few days so Bitcoin shows a little bit more we weakness within the next few hours or so I do anticipate that it could go down to maybe $26,000 but you know what it it may not because of how strong Bitcoin is right now but if it does great look for it to be at 26,000 if there's further weakness but what's awesome is because of Bitcoin coming down from 28,000 down to where it is now all the indicators the short-term indicators have pretty much reset they're very very very low so if you go to let's say the 5 minute you know the 5 minute stochastic is down RSI is pretty low you go to the 15minute same thing you could see that stochastic is near zero and also RSI is getting down almost to 30 Mark what I like is the 1 hour because Bitcoin is pretty consistent at following the 1 hour at this point and you can see the 1 hour is at bottom RSI is below the 50 Mark so it's looking like it really wants to turn in the last few times where the 1 hour turned Bitcoin shot up pretty substantially so you could see even here when Bitcoin went from this point all the way up to 28 you could see you know the stochastic turned up RSI went up even though RSI was a very very high and before that you could see same thing here you know it shot up Bitcoin went up right so every time the one hour turns up you could see some Prett pretty substantial movement for Bitcoin so that's what I'm looking at right now the 1 hour is looking like it wants to turn up and that is a very very good thing so we'll see what happens this week if Bitcoin goes back up to 28,000 by the end of tonight tomorrow I believe we're going to see 30,000 30,000 for Bitcoin now if it doesn't happen tomorrow big whoop it's going to happen maybe Tuesday Wednesday Friday if it gets delayed a few days I don't think anyone's going to complain because because Bitcoin is going to be at $30,000 just take a second and think about it you know I was tweeting this out yesterday think about the gravity of this that it costs $30,000 to buy one single Bitcoin right just take a second and think about it and those of you guys that have been in a game for a while I think you'll appreciate it so what do you guys think about what Max said about this learning curve how some people learn it earlier some people learn it later I think that's 100 % true obviously he himself and others that got involved early on they got it they believed in it and they stuck with it and now more and more people like Michael sailor is starting to get it and I do believe Elon he will get it he's someone that thinks outside the box so I really do believe he gets it himself and he will get Tesla to buy um some Bitcoin with its resered currency and I do think we have a good chance of hitting $330,000 by Monday maybe not the start of Monday but maybe by the end of Monday when the institutions wake up and they want to fomo in some more all right leave your thoughts in the comments below and if you are new to the channel make sure you subscribe and hit that notification Bell thanks for watching stay tuned for my next video videos
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