You think America selling gold would hurt other countries😏. Other countries are smart enough to know physical gold is what would help back Bitcoin and other crypto so gold still plays a very vital part in the future just as it always historically has. Literally the very reason why the dollars not worth 💩 right now is because America moved away from the golden standard and you think that somehow will be fixed by further moving away from the golden standard🤦🏽. With this type of stupid logic you shouldn't wonder why America's becoming more and more isolated from the rest of the world.
Having harmful stuff in food is cheaper for Big Food and they can't be stopped because there are too little regulations. Then everyone is sick and Big Pharma gets to profit from keeping them sick for as long as possible to extract as much profits as possible. Matthew accidentally made an argument against capitalism
Citizens in possession of the "reserve" is the most important concept in my opinion. We need wealthy citizens not a wealthy government. A government of the people would incentivize citizens to buy bitcoin through favorable tax treatment. Any taxes collected on BTC could Be paid in BTC to slowly grow BTC reserve without a fast collapse of the dollar. But the implications, some of what MK covered here, are unimaginable. Big Banking, Big Food, Big Pharma and Big War will always exist in a Big World. But a Bitcoin standard will force them act responsibly. Rooting for all slavery fiat to disappear. I am excited and terrified at the same time. God speed to BTC.
Great take here. Love these kinds of thought exercises! I can’t help but admit I’m excited to see what happens in the next few months as it pertains to the SBR.
and all the big branches tell the same big fat lie....thanks for your videos Matt, thanks for all the great work this year and Merry Christmas to you and your family. All the best for you!
If Lummis actually gets this bill through Bitcoin will go to $1,000,000. The US would trigger a buying spree across the world. Game over. Anyone not holding BTC or BTC related equities is gonna be left in the dust.
Bitcoin is on the world stage now. How this plays out will be interesting. If other countries start front running buying BTC then US may be forced to build a reserve. Great video thx!
OK, this is amazing. Matt, you and I might as well be twin brothers, as I see it exactly the same way you do. I'm a long time subscriber and thank you so very much for all your super informative, insightful, and helpful videos. I think this is one of the best videos you've ever made, and if more and more people came to this realization, bitcoin would be much further ahead in its journey than it is now. Have a great day. Paolo.
@@Bitcoin_University Thank *you, Matthew. You're really doing a great service in changing the world for the better. Btw, soon I'll be a copycat of yours... :^) I plan to open a bitcoin channel myself soon. Hey, the more of us spreading the voice out, the better. All the best!
just realized youre at 250K subs, congrats, youre really growing and very pivotal in this community. i have learned so much from your channel. you are gonna get way more BTC maxis 💯💯🔥🔥
Another top shelf dive into this topic. Well done Bitcoin University Maybe Trump really wants his face on Mount Rushmore this time. To resolve the US debt crisis with a bitcoin reserve just might be worthy of the spot next to G Washington
Trump may be taking a tip from Michael Saylor: authorize banks to offer stable coins backed by US dollar/US treasuries. In this way, there will be a demand guarantee for US dollars. Of course the stablecoins would be used to buy bitcoin…
Another thing fascinating is that Eric Trump during a presentation at Bitcoin Mena made it abundantly clear that Saylor has been in discussions with the administration about this SBR endeavour. I don’t trust politicians so I take what he says as a grain of salt, but either way it’s an interesting thought exercise on what could potentially be happening behind closed doors.
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
Thank you, Matthew. These are chaotic and I would say unprecedented times. Your scenario is illuminating. I find Rudolf Steiner offers a spiritual understanding to our times, a back drop to these events, that is deserving of consideration.
Question about BTC: Aren't there already like 19 million and change in BTC already mined? How can we buy 200K BTC every year for 5 years? Aren't other people going to try to buy it up too? I mean...there's not much left, right? Sorry, I'm relatively new to crypto.
That's correct and I had the same thought, but I believe there are still about 2 million BTC in circulation, so the government could, in theory, buy a million of them (200k/year for 5 years), provided there were still that many remaining, as you said. The supply will never get to zero because of BTC mining, but it will asymptopically get closer and closer to it over time, which should increase the price as it does.
I think the idea is that bitcoin will rise in value quicker than the dollar will devalue if they start a SBR. Take for example the US went in debt to buy the La Purchase. That ended up being a very good deal.
Agreed. The SBR may happen but likely won't involve additional buying of BTC, but instead officially appropriate its ill-gotten gains. Further acquisition of BTC will also likely come from additional theft from rich targets that are playing in gray legal areas.
Trump said in Nashville that he would order the stolen BTC they have as unsellable. He went further with the BSR. So I do think he wants more than just the stolen BSR, although it will be difficult to pass. Saylor seems to know something we don't with his aggressive buying.
I've a question: When the US has a strategic bitcoin reserve, then who is going to hold the keys? Or how would they manage the ownership of their bitcoin? 50 of 70 multi-sig?!?!
Hello Matt, first of all: Merry Christmas! I have mixed feelings with this topic. I think, Trump will announce the Bitcoin Reserve and also start buying aggressively Bitcoin. Still I cannot believe this will happen, but it looks like it. Also, my thesis was always, that Bitcoin is the new Eurodoller 2.0, it also solves the problem "Triffin's Dilemma". Thank you very much for your effort and hard work!
Matthew, I try not to bother you too much with comments, but this episode is just so deep and spot on in gaming this out. If in your final scenario, where the US establishes an SBR utilizing its stolen coins, one of the vectors here that will alter a lot of our projections will be if another country is found to have stockpiled Bitcoin and is way beyond us in its Bitcoin holdings, whether that nation calls its stockpile an SBR, or merely a sovereign wealth fund's assets. George the artist
Hit the old nail on the head there Matters 👍. We’re made to live just long enough to donate to the state. Once we’re spent , worthless ,we become a disposable asset and a liability to the state. Good timing to pillage our assets via inheritance tax . So the cycle begins again, poor when young for our children. Update on becoming a full node on the BTC network would be nice, especially the security side . Merry Xmas everyone from England 🏴☃️🎄🎅
Appreciate you Matt. The fourth turning is here. Old models are destroyed. You cannot stop an idea whose time has come. Mankind has discovered perfect scarcity. It’s all over but the shouting. Hodl.
Stay safe Matt, I've learnd so much, what would we do without your sophisticated though simple videos. Any other channels or X accounts you'd recommend?
I agree the Strategic Reserve should be held by the American people. At today's prices, every American can be given 1% of a Bitcoin for $1,000 each. That would be even less than the stimulus checks given out. And would be more than 3 million bitcoin.
@@SouthernBitcoiners The point you made is good if you consider that it kick starts a Bitcoin driven economy. Spending money is the whole point at the end of the day. Obviously it wouldn't be to the best interests of their long term wealth but some would save and benefit that way and ultimately everybody got a fair go. What they do with it is their choice and their consequences. I agree with the poster that distribution of Bitcoin to the people so they have an opportunity that is lost in the fiat enslavement system.
People would just sell it for fiat, especially during bear markets. I suppose you could distribute the Bitcoin under strict hashed timelock contract covenants, e.g., the UTXOs would only be spendable after 525,600 blocks (10 years), but that's just too complicated for the average person to figure out. People would just sell the private keys to the HTLC UTXOs in exchange for cash in that scenario...
Really good video explaining these alternatives and mapping out probabilities tied to historical analogues. And I won't presume to say that you're missing anything because you sound pretty thorough with your research and it is a very complex, evolving subject that has tendrils going in just about every direction, even back into the annals of history. It sounds like I don't share your view on gold per se, and I'm not a gold bug. I have it along with silver, and started buying bitcoin in 2015, so I do see the value they all present in varying scenarios. I'm just not a proponent of one and only one asset class. But I suppose I can see where you're coming from on your views. But I won't agree for the reasons I state a couple of paragraphs below. Regarding the SBR..If the intention is really to pay down the debt, the math doesn't really work on the gov't SBR approach to do so to a significant degree (even with BTC at a much higher value) when they're increasing said debt by what, over 5 trillion a year now and are still sitting on $7 trillion in Fed Credit (though they've drained some of it since 2022)? The U.S. government’s on-balance sheet liabilities just topped $36 trillion this year. U.S. GDP is around $31 trillion. There’s also another $100 trillion in unfunded liabilities (i.e. Social Security, Medicare, and Medicaid etc). So let's say $136 trillion. The IRS reports Americans’ total net private wealth is about $141 trillion, so the national debt is nearly on par with the country’s entire private net worth. It doesn't get better either. The on-balance sheet debt grows by $2.5 trillion a year, while the off-balance sheet liabilities are adding another $3 trillion annually. That means the debt is increasing by $5.5 trillion each year, which just happens to be the same amount as the U.S. government’s total gross revenue. So of course they'll lower rates to be able to cover the interest on the escalating debt by using their typical 'inflate away the debt' approach. While I'm mutedly glad Trump got in over the socialist 'yes woman' puppet with the bobbleheaded presstitutes of the legacy Pravda media so openly in her corner, I harbor no illusions that Trump is going to turn around government spending, bloat and graft, at least not to a significant degree in the 4 years he has left. It's been entrenched for many, many decades. Even Andrew Jackson, who back in 1828 when he took office set out to 'drain the swamp' of useless bureaucrats and reckless spending to eliminate the government debt, faced incredible resistance and character assassination (including a real attempted one) and still needed two terms to pay down the debt and cut out all the waste. And that was nearly 200 years ago, when the government was far, far more manageable and the country was far smaller, population-wise. After his two terms, the government went back to its old ways and started backsliding back into its old habits. Anyhow, under Trump, government spending will still increase. He has ambitious plans to dramatically increase energy production for AI and the crypto space and it's doubtful he makes cuts to social security and medicare. Not to mention his policies are inflationary as well. It doesn't quite add up that he'll be able to offset this all with tariffs when he's also talking about cutting taxes. That said, it will be interesting to see what can get accomplished and how far we get with development in several sectors. While I agree with the sentiment that people should be the holders of BTC as opposed to the government, I disagree with you in that I think that BTC and gold could both be used to get things under control by pegging 10-20% to gold, but they never will do either of those things. I'm not anti gold any more than I'm anti bitcoin. I've been buying gold little by little, along with silver since before bitcoin, but I started buying bitcoin in 2015 so I'm neither a gold bug nor a bitcoin/crypto zealot. I just appreciate both asset classes. Regarding Saylor and his references to undermining the gold market..it sounds clever when you hear it presented so one-dimensionally by elitist-opportunist Michael Saylor, a guy who certainly doesn't represent the ethos of the older school intentions of bitcoin. As with most well intentioned ideas, at some point, they inevitably become institutionalized and adopted by those power brokers they were intended to circumvent. But nowadays, now that bitcoin is more a store of value than a currency of payment exchange, that very instutionalization is what many of us holding it as an investment are simultaneously wanting to drive its value up. So, we, myself included have become a bit hypocritical. Those that really need btc to buffet them in the economic, geopolitical storm that's coming will not have it, nor enough of it if they have any. “People that can’t afford to use Bitcoin as a medium of exchange, we call them poor” - "Bitcoin Hero" Michael Saylor This brings me to my aversion to his viewpoint on gold. I would never advocate for devaluing gold because Russia and China are far from the only countries whose governments have used it as a store of value..not just governments but independent people within many countries have used it..not just the upper class and wealthy have used it to protect their savings from the actions of their corrupt governments. Many of more modest means have passed down as heirlooms within the family. One instance of a country whose people depend upon gold's value is Thailand. Thai people have long held their savings in gold (mostly jewelry) . From a correspondent who lives in Thailand and reports on the Thai gold market. "Thailand has an almost hermetically sealed gold market that likely underlies part of their resilience. Thais use gold a LOT. It is said 80% of Thai savings is in gold." I don't know how to audit this but from my experience traveling through there and having friends of the family who come from Thailand, they tend to corroborate this to the degree that it wouldn't surprise me if true. many of the older generations in cultures worldwide use it as a store of value. If you debase one asset class with a nefarious agenda, you just perpetuate the tragic legacy intelligence agencies have wrought on other countries when they fomented coups for regime change to install another. It sounds all so sophisticated and sanitized for Saylor to say that this strategy attacks our enemies from the macro angle when you don't have to see up close the detail of the lives of those effected by such actions. Essentially, plans on paper at the broad level amount to 'out of sight, out of mind' policies that have long been used a justification for attacking our so-called enemies. Many of these older people who hold gold/silver are too old to understand bitcoin or the crypto space in general so I'd have a real problem with any agenda that seeks to undermine another commodity that regular folk around the world rely upon to store their savings. Over time, the store of value will and is naturally shifting to btc as the natural cycle of life follows the pattern of the old dying off and the young growing and maturing into the world to assume their roles of responsibility, like plants bearing seeds that give birth to their offspring. It'll happen without any need to enact a policy or plan, and what Saylor suggests is as evil as every deep state 3 letter agency idea that has been carried out by the arms of foreign policy. He's a bitcoin zealot through and through and I'm tired of people who are obsessed with one and only one way to do things or those that are in support of one thing to the detraction of all other options. Now leave me be to eat my goddamn chicken pot pie in peace
What if there was a new currency that had those 'scratch off' thingo's like on a lottery ticket and it was actual sats one could redeem, thus 'backing' the currency with actual btc?
I don't think Trump will have any choice but to create an SBR if (and only if) other important nation states declare that they are also accumulating Bitcoin. If Russia (for example) states that its central bank has started to buy Bitcoin, how can Trump ignore it? There are many other countries out there which aren't as small as El Salvador.
Hey Matthew, love the content. I was just wondering what your thoughts are about Chinas BTC holdings and their 55% network dominance. Merry Christmas and a happy new year.
Merry Christmas Matt - Thanks for everything. He's surrounded by pro-BTC people so hoping something reasonable gets done. I'm thinking, purchase daily the amount that is mined daily for the next 6 years. With an option to accelerate. This gets us past one administration into another + gets us close to 1mm in total including the amount in "reserves" and accounting for the next halving
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You think America selling gold would hurt other countries😏. Other countries are smart enough to know physical gold is what would help back Bitcoin and other crypto so gold still plays a very vital part in the future just as it always historically has.
Literally the very reason why the dollars not worth 💩 right now is because America moved away from the golden standard and you think that somehow will be fixed by further moving away from the golden standard🤦🏽.
With this type of stupid logic you shouldn't wonder why America's becoming more and more isolated from the rest of the world.
Once again, stellar content. Perhaps the wisest, most prudent point of all: _"It's important not to be too rigid in one's thinking..."_
What books in Bitcoin or Money are you reading or would you recommend?
Surprise me, Matthew.
The four major branches of government made me laugh. 😂
I laughed too. Then I thought about it and stopped laughing immediately because it’s so true.
@ You gotta laugh otherwise you'd cry.
@@digital_gravity So true
Nothing to laugh about...their trade is death.
Having harmful stuff in food is cheaper for Big Food and they can't be stopped because there are too little regulations. Then everyone is sick and Big Pharma gets to profit from keeping them sick for as long as possible to extract as much profits as possible. Matthew accidentally made an argument against capitalism
Citizens in possession of the "reserve" is the most important concept in my opinion. We need wealthy citizens not a wealthy government. A government of the people would incentivize citizens to buy bitcoin through favorable tax treatment. Any taxes collected on BTC could Be paid in BTC to slowly grow BTC reserve without a fast collapse of the dollar. But the implications, some of what MK covered here, are unimaginable. Big Banking, Big Food, Big Pharma and Big War will always exist in a Big World. But a Bitcoin standard will force them act responsibly. Rooting for all slavery fiat to disappear. I am excited and terrified at the same time. God speed to BTC.
BTC is almost certainly Trojan Horse to CBDC.
@@David-135 Ive heard that but no argument for how that would work. More likely a trojan horse to hard money. Maybe a hard money backing a CBDC?
@@427votthat wont help because CBDCs are inflationary
Agree with your take. It's not a question of if now - just a question of when and which country prints and buys first.
THIS IS BRAVE. CONGRATTULATIONS
Very well thought out, Matt. I'm looking forward to having a front row seat to watch the next 5 years unfold, all while adding to my BTC stockpile 😊
It's going to be quite the show!
When I consider all of these developments I can not imagine BTC price NOT skyrocketing.
Great take here. Love these kinds of thought exercises! I can’t help but admit I’m excited to see what happens in the next few months as it pertains to the SBR.
and all the big branches tell the same big fat lie....thanks for your videos Matt, thanks for all the great work this year and Merry Christmas to you and your family. All the best for you!
Merry Christmas to you and yours as well!
I've been listening to you for years. So satisfying seeing how things are panning out
Hi Matt, thanks for the great work on the channel.
Thanks for your support as well
If Lummis actually gets this bill through Bitcoin will go to $1,000,000. The US would trigger a buying spree across the world.
Game over. Anyone not holding BTC or BTC related equities is gonna be left in the dust.
We need to support it like hell
And then the enforced fork to protect governments
whats the latest on the bill? does it actually have a chance of succeeding?
@@w1ldthin9 I don't think it's impossible. I don't think that they will dump all over the gold but I do think they could dump some to start buying.
They won’t let it PASS is my bet.
Your knowledge and the clarity in sharring it is epic
God Bless you and your family Matt. Thanks for all the content you do.
Bitcoin is on the world stage now. How this plays out will be interesting. If other countries start front running buying BTC then US may be forced to build a reserve. Great video thx!
Exactly, it’s almost like they are forced too whether they know it or not!
Thanks. Always grateful for your teachings.
Thanks so much for your support!
Merry Christmas Matt . Thanks for all the KPI.
Merry Christmas!
one of your best yet… there’s an ick factor with founding a reserve on stolen treasure and ruined lives..
defo the feeling I got!
I’m first time listening.Keep continuing. Continuation.
Congrats.
Excellent! Also keep in mind that Trump's adviser Musk is not afraid to change directions quickly, and violently when needed.
Awesome presentation! Thank you!
Another deep and sobering video! Thank you for your diligence and insights, they are very much appreciated!
Brillant and entirely accurate intro into how the four major branches of US Gov work. For that alone: 10 out of 10. Thanks!
But you are absolutely right about proof of war.
OK, this is amazing. Matt, you and I might as well be twin brothers, as I see it exactly the same way you do. I'm a long time subscriber and thank you so very much for all your super informative, insightful, and helpful videos. I think this is one of the best videos you've ever made, and if more and more people came to this realization, bitcoin would be much further ahead in its journey than it is now. Have a great day. Paolo.
Thank you, Paolo
@@Bitcoin_University Thank *you, Matthew. You're really doing a great service in changing the world for the better. Btw, soon I'll be a copycat of yours... :^) I plan to open a bitcoin channel myself soon. Hey, the more of us spreading the voice out, the better. All the best!
Thanks for the great content 👍
Merry Christmas, Matthew! Thank you for all you do.
Merry Christmas!
This is what they should be teaching in school!
If only the schools weren't run by the government too. . .
Hodl and wait and see is what I'll be doing. Merry Christmas Matthew! 🌲
Merry Christmas!
Always a thoughtful, reasonable take. Thanks Matt
Wow, food for thought. Thank you.
Been a while since I watched your videos. Feels nice
I’m writing my dissertation and research paper.
First Thanks Matthew 🙏
just realized youre at 250K subs, congrats, youre really growing and very pivotal in this community. i have learned so much from your channel. you are gonna get way more BTC maxis 💯💯🔥🔥
Another top shelf dive into this topic. Well done Bitcoin University
Maybe Trump really wants his face on Mount Rushmore this time.
To resolve the US debt crisis with a bitcoin reserve just might be worthy of the spot next to G Washington
Keep up the good work Matthew.
Quite a yuletide treat, thank you!
Trump may be taking a tip from Michael Saylor: authorize banks to offer stable coins backed by US dollar/US treasuries. In this way, there will be a demand guarantee for US dollars. Of course the stablecoins would be used to buy bitcoin…
Thanks Matt for your continued interesting and thought-provoking content- excellent video!
Great video and great insight!
Another thing fascinating is that Eric Trump during a presentation at Bitcoin Mena made it abundantly clear that Saylor has been in discussions with the administration about this SBR endeavour. I don’t trust politicians so I take what he says as a grain of salt, but either way it’s an interesting thought exercise on what could potentially be happening behind closed doors.
I concur with your assessment!👍👏
Thanks Mathew Love the civics lesson, that pretty much sums it up!
Excellent education. Thank you!!!
It is getting interestinger and interestinger
Classic contribution again Matt .. your wit and satire cannot be beaten your 4 branches of Govt LOVE IT!! 🤣
Great Commentary Mathew, thank you.
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
Thank you, Matthew. These are chaotic and I would say unprecedented times. Your scenario is illuminating. I find Rudolf Steiner offers a spiritual understanding to our times, a back drop to these events, that is deserving of consideration.
Thank you for the great answers to very interesting questions! I'm so orange-pilled. For me it started in 2020 and now 4 yrs later 🍊💯
Solid assessment
Correct to the core.
Thx Matthew
I love your idea for the Bitcoin reserve. We are the reserve!!
"Proof of War" ...hilarious, true and sad all at the same time
Such a pleasure - the funniest man in bitcoin!
epic explanation of the us in the beginning. like!
Thank you for your steadfast efforts to educate. Deeply appreciated. Happy holidays and all the best in 2025!
Question about BTC: Aren't there already like 19 million and change in BTC already mined? How can we buy 200K BTC every year for 5 years? Aren't other people going to try to buy it up too? I mean...there's not much left, right? Sorry, I'm relatively new to crypto.
That's correct and I had the same thought, but I believe there are still about 2 million BTC in circulation, so the government could, in theory, buy a million of them (200k/year for 5 years), provided there were still that many remaining, as you said. The supply will never get to zero because of BTC mining, but it will asymptopically get closer and closer to it over time, which should increase the price as it does.
"If you don't want freedom money, we'll make you want freedom money" - US government
Tnx
As always thanks for your insights! 4th comment!
I’d really like to learn more in this channel. Thank you.
Appreciate the civics lesson.
Probably one of the best summaries of the US govt in a few words.......!
I aint never had no civics class like that!
Consider this your first
@@Bitcoin_University Learned more useful info in 5 minutes than an entire semester of High School Civics 🤣
I dont know politics. What I know is ever man and woman should create their own strategic bitcoin reserve
EARLY MERRY CHRISTMAS WISHES MATTHEW JUST LIKE SANTA, YOU BRING US GIFTS 🎅
Merry Christmas!
I love your humor! I was actually laughing out loud
If he dies, he dies. - Ivan Drago (Rocky 4)
Paper hands. Paper hands everywhere!!!
If the government gets to own 1 million btc, they will have enough power to sway the price at will.
I like how you calmly slam the system
I think the idea is that bitcoin will rise in value quicker than the dollar will devalue if they start a SBR. Take for example the US went in debt to buy the La Purchase. That ended up being a very good deal.
Good insight, Matt
Agreed. The SBR may happen but likely won't involve additional buying of BTC, but instead officially appropriate its ill-gotten gains. Further acquisition of BTC will also likely come from additional theft from rich targets that are playing in gray legal areas.
Trump said in Nashville that he would order the stolen BTC they have as unsellable. He went further with the BSR. So I do think he wants more than just the stolen BSR, although it will be difficult to pass. Saylor seems to know something we don't with his aggressive buying.
What if the reserve is funded by a portion of the capital gains from citizen sales of BTC? Non holders & holders of other assets arre not effected.
I could tell from the title this was going to be a good one lol.
Love the colorful sarcasms! It’s sad but true!!
I've a question: When the US has a strategic bitcoin reserve, then who is going to hold the keys? Or how would they manage the ownership of their bitcoin? 50 of 70 multi-sig?!?!
Hello Matt, first of all: Merry Christmas! I have mixed feelings with this topic. I think, Trump will announce the Bitcoin Reserve and also start buying aggressively Bitcoin. Still I cannot believe this will happen, but it looks like it. Also, my thesis was always, that Bitcoin is the new Eurodoller 2.0, it also solves the problem "Triffin's Dilemma". Thank you very much for your effort and hard work!
Good observations. I like the wiggle room provided at the end due to the complexities.
Legend
Matthew, I try not to bother you too much with comments, but this episode is just so deep and spot on in gaming this out. If in your final scenario, where the US establishes an SBR utilizing its stolen coins, one of the vectors here that will alter a lot of our projections will be if another country is found to have stockpiled Bitcoin and is way beyond us in its Bitcoin holdings, whether that nation calls its stockpile an SBR, or merely a sovereign wealth fund's assets. George the artist
Damn! Food for though...
Hmm.... Thank you for this.
Hit the old nail on the head there Matters 👍. We’re made to live just long enough to donate to the state. Once we’re spent , worthless ,we become a disposable asset and a liability to the state. Good timing to pillage our assets via inheritance tax .
So the cycle begins again, poor when young for our children.
Update on becoming a full node on the BTC network would be nice, especially the security side .
Merry Xmas everyone from England 🏴☃️🎄🎅
It is not in their insentive to anounce buying for the BTC reserve, as this would drive up the price.
Good one
Great video! Profited 30%! XAI355G$ and ADA look solid. SOL also tempting. Should I stick or diversify?
Appreciate you Matt. The fourth turning is here. Old models are destroyed. You cannot stop an idea whose time has come. Mankind has discovered perfect scarcity. It’s all over but the shouting. Hodl.
Stay safe Matt, I've learnd so much, what would we do without your sophisticated though simple videos. Any other channels or X accounts you'd recommend?
I agree the Strategic Reserve should be held by the American people. At today's prices, every American can be given 1% of a Bitcoin for $1,000 each. That would be even less than the stimulus checks given out. And would be more than 3 million bitcoin.
That's genius ask grok about the zeitgeist of Ubuntu
They (normies) would sell it by 5 pm on a flat screen tv (that they already have 2-3 of)
@@SouthernBitcoiners The point you made is good if you consider that it kick starts a Bitcoin driven economy. Spending money is the whole point at the end of the day. Obviously it wouldn't be to the best interests of their long term wealth but some would save and benefit that way and ultimately everybody got a fair go. What they do with it is their choice and their consequences. I agree with the poster that distribution of Bitcoin to the people so they have an opportunity that is lost in the fiat enslavement system.
People would just sell it for fiat, especially during bear markets.
I suppose you could distribute the Bitcoin under strict hashed timelock contract covenants, e.g., the UTXOs would only be spendable after 525,600 blocks (10 years), but that's just too complicated for the average person to figure out.
People would just sell the private keys to the HTLC UTXOs in exchange for cash in that scenario...
Good video! Just waiting for Trump to make it official regarding the SBR…January 20 can’t get here fast enough.
Really good video explaining these alternatives and mapping out probabilities tied to historical analogues. And I won't presume to say that you're missing anything because you sound pretty thorough with your research and it is a very complex, evolving subject that has tendrils going in just about every direction, even back into the annals of history. It sounds like I don't share your view on gold per se, and I'm not a gold bug. I have it along with silver, and started buying bitcoin in 2015, so I do see the value they all present in varying scenarios. I'm just not a proponent of one and only one asset class. But I suppose I can see where you're coming from on your views. But I won't agree for the reasons I state a couple of paragraphs below.
Regarding the SBR..If the intention is really to pay down the debt, the math doesn't really work on the gov't SBR approach to do so to a significant degree (even with BTC at a much higher value) when they're increasing said debt by what, over 5 trillion a year now and are still sitting on $7 trillion in Fed Credit (though they've drained some of it since 2022)? The U.S. government’s on-balance sheet liabilities just topped $36 trillion this year. U.S. GDP is around $31 trillion. There’s also another $100 trillion in unfunded liabilities (i.e. Social Security, Medicare, and Medicaid etc). So let's say $136 trillion. The IRS reports Americans’ total net private wealth is about $141 trillion, so the national debt is nearly on par with the country’s entire private net worth. It doesn't get better either. The on-balance sheet debt grows by $2.5 trillion a year, while the off-balance sheet liabilities are adding another $3 trillion annually. That means the debt is increasing by $5.5 trillion each year, which just happens to be the same amount as the U.S. government’s total gross revenue. So of course they'll lower rates to be able to cover the interest on the escalating debt by using their typical 'inflate away the debt' approach. While I'm mutedly glad Trump got in over the socialist 'yes woman' puppet with the bobbleheaded presstitutes of the legacy Pravda media so openly in her corner, I harbor no illusions that Trump is going to turn around government spending, bloat and graft, at least not to a significant degree in the 4 years he has left. It's been entrenched for many, many decades. Even Andrew Jackson, who back in 1828 when he took office set out to 'drain the swamp' of useless bureaucrats and reckless spending to eliminate the government debt, faced incredible resistance and character assassination (including a real attempted one) and still needed two terms to pay down the debt and cut out all the waste. And that was nearly 200 years ago, when the government was far, far more manageable and the country was far smaller, population-wise. After his two terms, the government went back to its old ways and started backsliding back into its old habits. Anyhow, under Trump, government spending will still increase. He has ambitious plans to dramatically increase energy production for AI and the crypto space and it's doubtful he makes cuts to social security and medicare. Not to mention his policies are inflationary as well. It doesn't quite add up that he'll be able to offset this all with tariffs when he's also talking about cutting taxes. That said, it will be interesting to see what can get accomplished and how far we get with development in several sectors.
While I agree with the sentiment that people should be the holders of BTC as opposed to the government, I disagree with you in that I think that BTC and gold could both be used to get things under control by pegging 10-20% to gold, but they never will do either of those things. I'm not anti gold any more than I'm anti bitcoin. I've been buying gold little by little, along with silver since before bitcoin, but I started buying bitcoin in 2015 so I'm neither a gold bug nor a bitcoin/crypto zealot. I just appreciate both asset classes. Regarding Saylor and his references to undermining the gold market..it sounds clever when you hear it presented so one-dimensionally by elitist-opportunist Michael Saylor, a guy who certainly doesn't represent the ethos of the older school intentions of bitcoin. As with most well intentioned ideas, at some point, they inevitably become institutionalized and adopted by those power brokers they were intended to circumvent. But nowadays, now that bitcoin is more a store of value than a currency of payment exchange, that very instutionalization is what many of us holding it as an investment are simultaneously wanting to drive its value up. So, we, myself included have become a bit hypocritical. Those that really need btc to buffet them in the economic, geopolitical storm that's coming will not have it, nor enough of it if they have any.
“People that can’t afford to use Bitcoin as a medium of exchange, we call them poor” - "Bitcoin Hero" Michael Saylor
This brings me to my aversion to his viewpoint on gold. I would never advocate for devaluing gold because Russia and China are far from the only countries whose governments have used it as a store of value..not just governments but independent people within many countries have used it..not just the upper class and wealthy have used it to protect their savings from the actions of their corrupt governments. Many of more modest means have passed down as heirlooms within the family.
One instance of a country whose people depend upon gold's value is Thailand. Thai people have long held their savings in gold (mostly jewelry) . From a correspondent who lives in Thailand and reports on the Thai gold market. "Thailand has an almost hermetically sealed gold market that likely underlies part of their resilience. Thais use gold a LOT. It is said 80% of Thai savings is in gold." I don't know how to audit this but from my experience traveling through there and having friends of the family who come from Thailand, they tend to corroborate this to the degree that it wouldn't surprise me if true. many of the older generations in cultures worldwide use it as a store of value. If you debase one asset class with a nefarious agenda, you just perpetuate the tragic legacy intelligence agencies have wrought on other countries when they fomented coups for regime change to install another. It sounds all so sophisticated and sanitized for Saylor to say that this strategy attacks our enemies from the macro angle when you don't have to see up close the detail of the lives of those effected by such actions. Essentially, plans on paper at the broad level amount to 'out of sight, out of mind' policies that have long been used a justification for attacking our so-called enemies. Many of these older people who hold gold/silver are too old to understand bitcoin or the crypto space in general so I'd have a real problem with any agenda that seeks to undermine another commodity that regular folk around the world rely upon to store their savings. Over time, the store of value will and is naturally shifting to btc as the natural cycle of life follows the pattern of the old dying off and the young growing and maturing into the world to assume their roles of responsibility, like plants bearing seeds that give birth to their offspring. It'll happen without any need to enact a policy or plan, and what Saylor suggests is as evil as every deep state 3 letter agency idea that has been carried out by the arms of foreign policy. He's a bitcoin zealot through and through and I'm tired of people who are obsessed with one and only one way to do things or those that are in support of one thing to the detraction of all other options.
Now leave me be to eat my goddamn chicken pot pie in peace
Hearing normie comments about BTC lately with regards to the strategic BTC reserve reminds me we're still so early..
What if there was a new currency that had those 'scratch off' thingo's like on a lottery ticket and it was actual sats one could redeem, thus 'backing' the currency with actual btc?
I don't think Trump will have any choice but to create an SBR if (and only if) other important nation states declare that they are also accumulating Bitcoin. If Russia (for example) states that its central bank has started to buy Bitcoin, how can Trump ignore it? There are many other countries out there which aren't as small as El Salvador.
Why do people have sympathy for Ross Ulbricht of the Silk Road? Didn't he run a website that dealt in illegal things?
Hey Matthew, love the content. I was just wondering what your thoughts are about Chinas BTC holdings and their 55% network dominance. Merry Christmas and a happy new year.
Here’s a helpful comment for our buddy Algo
Merry Christmas Matt - Thanks for everything.
He's surrounded by pro-BTC people so hoping something reasonable gets done.
I'm thinking, purchase daily the amount that is mined daily for the next 6 years. With an option to accelerate. This gets us past one administration into another + gets us close to 1mm in total including the amount in "reserves" and accounting for the next halving