Bitcoin is a Zero Risk Move – Epi-3512
Podcast: Play in new window | Download (Duration: 1:34:51 — 27.1MB)
To be clear there is at this point no risk on the long term holding of Bitcoin at this point in history. The government will not ban it, it is now in the retirement accounts of government employees and protected by Blackrock lobbyists. It has a future as certain as the mathematics behind it. Short of nuclear war and a ELE nothing can stop the inevitable. The only Bitcoin risk now is not having any.
Join Me Today to Discuss…
- The time to argue about Bitcoin being banned or going to zero is over
- The time to discuss block sizes is over and done and dead
- The time to talk about why shitcoin XYZ will be “the next bitcoin is also over”
- Various future scenarios and why Bitcoin wins in all of them
- The US dollar fully loses global reserve status
- The US dollar continues cancerous inflation until it collapses
- The US dollar is successfully inflated and things return to “normal”
- Real estate returns to “normal”
- Real estate collapses
- We return to a period of relative “peace”
- We enter another war (short of nuclear)
- Some questions from you guys since the last episode of BBO
- How would a “Bitcoin standard” effect lending or borrowing against your stack
- Will HODLing improve your standard of living or just preserve it over the next 5-10-20 years
- If you have a 401K with employer match are you better off stacking BTC
- What exactly does “consolidate UTXOs” mean
- What is a 401K with a brokerage window
- How do I choose between an IRA and cold storage
- How would a loan against BTC be paid back
- What should you do about “high fees” when buying and taking custody
- There is a lot of time but you get the price you deserve
Resources for today’s show…
- Find Me on Nostr
- Follow Me on Tik-Tok
- Article Explaining the GrowNostr Initiative
- Join the Members Brigade
- TspAz.com
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on MeWe
- Join Me on Odysee
- All My Recommend Bitcoin Tools and Resources
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Video Version of Today’s Show
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Mt. Gox distributions next month will get interesting. I’m hoping there is a lot of cashing out cause I’d love to buy more BTC around 55k or lower.
You know this is an impact that I should of talked about.
Now here is a total conspiracy theory. No facts just a thought.
What if the government sells the BTC to the central bank?
Feels like a mini bear market. Notice how bad news catalysts (Mt. Gox, German gov selling BTC, etc) push prices lower, yet positive news (whales buying, ETF news, SEC stopping lawsuit against ETH, etc) don’t do squat in pushing prices higher. Bad news momentum with little to no positive prices with good news spell bear market to me.
I hope I’m wrong. Still holding my altcoins and sold a little for profit this last spring before the dump. But summers usually suck in markets, and BTC seems tired with traders playing the chop/swing trade game. Probably lots more of that until fall/winter, when things could get exciting again.
Just signed up with Swan, that was the easiest buy ever. Goodbye coinbase hello new boss. Thanks Jack