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Good afternoon Bitcoin. Welcome to Bitcoin, Bitcoin cryptocurrencies, technology, and the future for your books. Amazon, it's free in PDF. Leave me a comment below. No financial advice, education, or entertainment. Okay, let's see what's happening. We have Greed at 68, and the price is slightly trending downwards.
This is the penultimate day of the year, and tomorrow is the last. Prices in general, on the stock market and in other investments, tend to fall in the last days of the year because people are taking profits. So, we might see it drop to 42,500, we might see it drop to 41 or even 40, but we have 10 days left for the ETF fund.
And we have news, folks, we have news! The ETF fund—here's the latest—they've sent the final application, let's say, correcting errors or something, finalizing details. And the most interesting thing about this wasn't that, but rather that it now has two partners who are willing to participate with BlackRock and put up money.
One is a company called Jan Street Capital, I have no idea who they are, but the second is JP Morgan Securities, yes, JP Morgan, JP Morgan. I see Jamie Diamond, who's been spouting nonsense about Bitcoin all year, saying it's criminals' money, that it's garbage, that it's a bubble, that he wants nothing to do with it, doesn't want to do anything about it, and he was saying this even a week ago.
And now he's one of BlackRock's main partners, putting up money to buy Bitcoin. I mean, who made a meme that doesn't say Bitcoin is a fraud and then below it says, "At what price are we going to buy it?" That's how these corrupt scoundrels are, convicted 250 times for corruption, money laundering, and capital flight.
That's how much of a liar these people are. These are the Aryans who steal your money and then lie to your face. What a scoundrel! And what a lowlife this guy is, really. But anyway, this is an indication of what it costs to insure the United States against default, depending on the probability that insurance companies study— let's say, the possibility that the United States has of entering into technical bankruptcy, of default.
And if the possibility is very high, the Insurance premiums go up if the probability is lower. Insurance premiums go down, well, now here it's quite high, it's at 300. So, they think the United States could default? I'll leave it at that. Well, this is Milei, not the Milei that everyone said wouldn't do anything, that he was a politician who promised a lot but delivered nothing.
This is everything he's done in a month. He's done more in a month than many politicians have done in 8 years, much more. He's eliminated 12 ministries, fired 5,000 government employees, eliminated 380,000 government regulations, and then, well, he's done other things too. He's legalized paying contracts in Bitcoin, privatized certain companies, opened up, liberalized the oil company.
Well, much more than Trump did in 4 years, much more than Biden did in 4 years, much more than Bolsonaro and many others. Milei has often been compared to a right-wing leader like Trump or Bolsonaro, but that's not the case. These two, Bolsonaro and Trump, are communists. Right-wingers, because what they want is to make the state even bigger, but to do it from the right-wing perspective of patriotism, interventionism, tariffs, protectionism, etc., etc., while Miley does the complete opposite of what the left-wingers do and the complete opposite of what the right-wingers do.
He's a libertarian; he wants to slim down the state. Well, and indeed, this is what all the Republicans promise, especially in America. This is true. All Republican presidents say during their campaigns that they're going to slim down the state, and there's a book that says, "Well, that's not how the state or the government is: a brief history of voting Republicans." And the Democrats, of course, don't slim down the state either, but at least they don't hide it.
Well, let's listen to our friend Michael Saor, who's going to tell us a few things about this. It's very related to what I mentioned yesterday about the Bang Goodman or Velázquez painting. When do you sell a Bang Goodman painting? When do you sell it? When do you sell a Bang Goodman painting? You sell it, you already know the answer.
No collectors, you know, Frick Andrew Melon. They didn't buy art to flip it, right? They're not speculating. I bought a Picasso so I could sell it, right? They wanted to buy them all. That's why they call them collectors. So, if something is deemed to be really valuable, you bought a billion of it, and you're...
If you have a Velázquez painting, you don't sell it. What you want is to buy a second Velázquez painting. Even if the first one cost you 1 billion dollars, you're capable of finding another 1 billion dollars to buy a second Velázquez painting because you don't sell a Velázquez painting for money. In the crypto system, the Velázquez painting is Bitcoin.
So when you buy it, you never sell it. And well, what's the difference between this dollar and this drawing a child made here? Well, there's no difference. They both have zero value. They're both lies. They're both fake. It's a drawing, period. There's nothing there, and indeed, that's even more noticeable with pesos.
In 2013, 400 Argentinians could buy 2,000 Argentinian pesos. In 2023, 400 Argentinians can buy 400,000 Argentinian pesos. That's wrong. Let's hope my law fixes that. And as always, the perception is that you have a crypto world, and within crypto, a significant part is Bitcoin, and then separately you have fiat money.
But that's not how it is. That's very poorly portrayed. The reality is that you have Bitcoin, and then you have the fiat world, and within the fiat world, you have scripts because scripts like EUM, Solana, and Cardano, due to their centralized nature, are much more similar to fiat than to Bitcoin. And indeed, here's this girl on an empty shelf trying to find something better than Bitcoin.
When she finds that something, she'll sell her Bitcoin to buy something better. In the meantime, she won't sell it. And here the lance of yesterday, well, 555 raised to the power of 444 or 444 raised to the power of 555, which is greater? Well, here they've given us an equation that more or less 5 raised 4 is less than 4 raised to the power of 5, and then it keeps getting bigger to reach the conclusion that, uh, 555 raised to the power of 444 is less than 444 raised to the power of 555.
You were right! And Magnus Alexandro, who was right today and was right yesterday, and I forgot to mention him, and José Manuel Morón also accepted, and on top of that, he did it all by himself without his daughter's help. So, you see, José Manuel, when you want to, you can; when you apply yourself, you can achieve it.
We are proud of you. Well, congratulations to both of you. And oh, I wanted to tell you something. Um, where is this? I got a tweet. There's a guy, I didn't know him, called Fabián Barrio. He's kind of a comedian who does impressions of politicians and stuff. A lot of people like him; he has many, many followers and all that.
I've listened to him a little, and no, I don't find his style very funny. But well, everyone is the way they are. What he's posted is that he's a pure and simple anti-Bitcoin person, I mean, he hates Bitcoin, and to play a joke on him, someone... Christmas gave him ham, he gave him some lottery tickets, and my book.
Holy [ __ ], what is this? So I started commenting, I put it on Twitter, and I started telling him things. I said, " Hey, what is it? It's my book and stuff. I know you hate Bitcoin. I know you're going to use it to prop up your wobbly table, but if you want, we can have a debate and talk seriously about why you hate Bitcoin so much, and maybe we'll learn something.
And defend me, because you like the fiat world so much and you don't like the Bitcoin world and stuff." And he says things like, "I don't want tulips, huh? I don't buy Herbalife, um, never argue with a Mormon or someone from a cult," you know, typical nonsense. And in the end, he blocked me, blocked me.
But my offer still stands, Fabian. If you want to discuss it, we can do it here live for your audience and mine, and we can discuss Bitcoin whenever you want, and maybe I'll learn something from you, or you'll learn something from me. So don't be afraid, I don't eat anyone. And like I said, the offer is still there.
But anyway, I'm done. Blocked. So he has my book and I'm blocked. That's how Fiat is. That's the Fiat world. Okay, and today's riddle: this sum of c cc four times bbb three times and aa twice gives 666. So what would a + b + c be? A little bit of a riddle. Well guys, that's all I have for today. Thank you very much for watching the video.
Remember to retweet, share, comment, like, and I'll see you tomorrow at the same time. See you later.
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