원문 보기
the CEO of JPMorgan Jamie dimon just said Bitcoin will go to zero let's get right into it what we're talking about we we pretty much always have some crypto conversation with you I'm just curious because I don't think we've talked to you since I think all that's been a waste of time and why you guys to waste any breath on us totally Beyond me because you just think the whole thing just is is going to zero go to zero is fake Bitcoin itself is a is a hyped up fraud the pet rocket back to that really of course yeah so what do you make then of BlackRock and other firms that are investing in infrastructure that's different blockchain is a is a technology Ledger system right that we use to move information we've used it to do overnight intraday repo we use it to we're going to use it we've used it to move money right so that is a ledger that's a technology Ledger type of thing that we think will be Deployable remember based on remember we've been talking about that for 12 years too and very little has been done there's some tokens that I agree with you on but Bitcoin is based on a distributed it has all the characteristics of of a store of value it's immutable it scarce uh it totally untrue it's 21 million oh yeah really how do you know it's going to stop at 21 million because I've mentioned everyone says that well maybe it's going to get to 21 million then satoshi's picture is going to come up and laugh at you there isn't it and by then Satoshi I've taken out millions of dollars what was your reaction to the failure of an FTX and and all of that I you you know you've seen you've seen lots of failures over the years of different things that have happened on Wall Street in the world not surprised at all and I called the decentralized Ponzi scheme the hype around this thing has been extraordinary yeah but you have a lot of clients you guys have you've all seen the analysis of tether and you knows and all these things and the lack of disclosures and it's outrageous the regulations stopped this a long time ago people have lost billions of dollars you know some are uh you know if you look at his low-income people it's it's some in some cases FTX is a decentralized Ponzi scheme and saying that crypto itself is a Ponzi scheme that's like I mean Madoff created options doesn't do anything is a pet rock you're happy yeah you can own it all you want anything and there's a lot of [ __ ] billions of dollars I don't care about Bitcoin so we should drop the subject and there you all have it that is Jamie Diamond completely trashing Bitcoin saying it's going to zero calling cryptos a whole is a Ponzi scheme and yeah guys this is coming from the guy who had you know connections to the guy with the Island and he was involved with the you know JP Morgan was involved with the whole um what is it called Bernie Madoff yeah the JP Morgan was connected to Bernie Madoff [ __ ] up right there but yeah not saying he did but JP Morgan had connections to do with the island and Bernie Madoff and second of all why the yo real real talk this is completely off topic but why the hell are they outside like y'all bundled up in the [ __ ] cold and [ __ ] like why are they outside that is the white people's [ __ ] just [ __ ] cold as [ __ ] all bundled up like why would there's no way you actually want to be there but anyways to our first start of the day or second story of the day take a look at this the SEC charges sand bacon freed with the frauding FTX investors clown world do I even need to explain why this is clown world I mean bruh Dave and nobody they literally was friends basically friends with Sam Baker freed and now they're charging him thanks for trying to save us my I know not to Hype up my own reply with you know 38 likes but this is basically it this is just in time to save everyone let's go and the [ __ ] wojak looking bummed out because that's basically everyone's reaction I mean it's like what the hell if you wanted to say if you wanted to protect investors you would have protected us back in [ __ ] in way back in 2022 early 2022 because the SEC conspiracy theory but you know it's they probably knew FTX was going to come down I mean they were working very closely with them so yeah there's a lot of weird stuff going on there and then take a look at this in U.S national debt reaches an all-time high of 31.41 trillion dollars and yes guys as it says here you know this is the first this is happening all the time and they have raised since 1917 they have raised the debt limit by a hundred times so they're going to continue to just raise it up up up up up and this is this headline is going to continue to happen for a very long time as long as the U.S is you know a global Powerhouse and holds a position as a dollar as a king so you know classic Pawn genomics anyways take a look at this crypto.com says Global crypto holders increased by 39 to 425 million in 2022 pretty cool stat showing that crypto is still growing despite the bear market and then take a look at this right here Jamie Diamond once again billionaire Jamie Diamond says interest rates will rise above five percent citing lots of underlying inflation now there is a lot of underlying inflation he's not not wrong there but interest rates over five percent whoo man I don't know this is getting things are getting interesting but yeah at the end of the day it's just a prediction from a guy indoor next story take a look at this European Central Bank member says they will not stop at one single 50 basis point hike that's for sure and this is extremely interesting because we know Europe's under a ton of pressure right now and a lot of these countries are very fragile their economies are very fragile and I'm not really sure if they can handle this so it's gonna be interesting we'll play this up there and then take a look at this tour last story of the day some news from Davos if you know the world economic Forum held their annual you know meeting in Davos and there's a lot of stuff so take a look at this headline big headline Davos 2023 UAE and India discussing suddenly non-oil trade in rupees so let's read the whole thing the UAE signed a wide-ranging free trade agreement last year with India which along with China is among the biggest trade partners for Gulf Air oil and gas producers most of whose currencies are pegged to the USR so you don't know a lot of currencies around the world are actually pegged to the US dollar they're backed by the US dollar it's pretty [ __ ] crazy um so essentially yeah that's why the US has so much dominance and alzayudi asked by Reuters whether trading rupees with India was on the table replied yes we're in discussion with the Indians this the talks are related to non-oil Commodities he added they're in the early stages he's had an interview with the Silence of the world economic reform in Davos and this is really really really interesting because this is saying take a look at here the large majority of Gulf trade is conducting US Dollars the country such as India and China are increasingly seeking to paint in local currencies for various reasons and this is kind of what's going on here a lot of countries you know they're not of a fan they're not a big fan of the fact that the U.S petrodollar is so much dominance and that's what really keeps you know U.S the US had a Powerhouse because the dollar is so strong and there's countries out trying to step in and say hey we don't want to use the dollar anymore but with that being said the dollar is still King but there is increasing pressure on the dollar to have it you know dethroned and I think there's a lot of stuff I think that's going to be the story of you know the next two decades I think we're going to see a lot of pressure from countries like China India Russia trying to Dethrone the dollar it's not being talked about in the news but we're going to talk about it here because you know we're about some real [ __ ] [ __ ] here to our last story hold up I never went over the price of Bitcoin Bitcoin right now sitting around 21k we're just chopping and the stock market was open today because today is Thursday and the stock market has just been kind of chopping we're down just coming a little bit down you know we had a huge rally and bitcoin's been chilling but the stock market's now coming down again and yeah guys that's all we got for today's video be sure to subscribe like leave a comment go follow me on Twitter follow me on all my socials and yeah thank you for watching
Comments 0