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what the f is up you guys all right so check it out just wanted to go over this uh video Larry Fink has now flipped this just in Larry Flink has just flipped Black Rock Larry Flink just flipped Larry thinkink has flipped that's a [ __ ] tongue twister we're going to watch this video um I'm going to let you guys know give you some insight I'll basically like translate for you guys what he's talking about so let's let's get into it let's watch the video to Gary gendler uh the chair of the SEC who made that decision uh reluctantly maybe even begrudgingly uh which was announced uh just two days ago when we talked a lot about yesterday on the broadcast how big a deal is that for Black Rock and this was for you A big switch as well because you were a naysayer for a very very long time yeah I probably switched for the first three years of heard and about two years ago I I switched and [ __ ] said in the last two years I'm a big believer are you a Believer personally meaning is the thinkink family um a a Bitcoin buyer or or a buyer of this new well now I could do that I cannot you know I don't want to compete with our clients so I don't buy single assets I'll buy mutual funds I'll buy single ETFs so I have an opportunity to do that basically what he's saying is yes he's a [ __ ] believer and but he doesn't want to go against his clients he doesn't want to rub his clients the wrong way because he's making all the money off of them so so basically saying oh yeah I'm not actually buying it but buying it for my clients which he's buying some for himself too um but I'm a Believer in it because I do believe um it is for wealth holding I don't believe it's ever going to be a currency I believe it's an asset class you don't believe it ever becomes a currency no I think we're going to create digital currencies we're going to use the technology for it we're going to use the blockchain um important is that though to then the long-term value proposition of Bitcoin of Bitcoin if if it's not something that ultimately becomes a currency if it's if it's if it's simply we call it digital gold it's an asset of some sort what does that mean it means look at that he had to change the wording for him he said you know we'll just call it digital gold then okay cuz look he's getting his [ __ ] feathers roughed I believe you know I believe it goes up as if the world is more frightened if people have fearful geopolitical risk they're fearful of their own risk um it's no different than what gold represented over thousands thousands bro he thinks normal people so the people that are going to jump in to crypto Bitcoin towards the end of the bull market like they always do he thinks those people really are going to be fearful for their their wealth their uh their money not working for them no they don't give a [ __ ] they just trying to get rich quick but us on the other hand us and everybody who follows you know we're ahead of the we're ahead of the curve so we're not worried about all that anyways we let this guys it is a it is a asset class that that protects you and and unlike gold where we manufacture new gold we're almost at the ceiling of the most of the amount of bit be hear somebody like I mean when you hear somebody like Kathy Wood yes who was on our broadcast yesterday say that her base case base case is that this turns into a $600,000 of Bitcoin valuation base case and a a you know million plus um in a in a super optimistic case are you anywhere in her realm I haven't thought about it to me that what we he hasn't thought about it yeah that can that can store wealth I think if he gets that even all right bro I'm going just stop it right here you guys get the GIF he's lying through his [ __ ] teeth but he believes in it he switched look at this guy man he's a old head old head that knows about money he's an old head that knows about money look at that face man that's like that guy just struck gold he that's the face of I just struck gold so if he's making that face and you're watching this video should be making the face too I'm going leave it right there you know I'll catch you guys on the next one just want to give you guys a little update just in case for the naysayers you know what I'm saying but anyways like follow share subscribe for more whatever um catch you guys on the next one
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