Latest / Simply Bitcoin / Is Bitcoin Being Manipulated? How the Evidence is Stacking Up | Beyond Bitcoin

Transcript

Is Bitcoin Being Manipulated? How the Evidence is Stacking Up | Beyond Bitcoin · Simply Bitcoin

• 0:00
  JP Morgan Chase is one of the most.
• 0:01
  Powerful institutions on the planet and their CEO and
• 0:04
  chairman. Jamie Dimon might be the most.
• 0:06
  Powerful man alive in finance today.
• 0:09
  What if this man who sits in the center?
• 0:12
  Of some of the biggest financial scandals of.
• 0:13
  All of modern history is also one of the key players keeping.
• 0:16
  Bitcoin's price. And bull run suppressed.
• 0:19
  You're going to want to grab your machetes for this one.
• 0:22
  Because we're going to get into the weeds.
• 0:23
  I'm Oceans. This is beyond Bitcoin.
• 0:26
  Let's go Imagine this. You run a multi $1,000,000
• 0:33
  financial company. Your entire business, payroll,
• 0:36
  customer deposits, payouts, liquidity depends on the smooth,
• 0:40
  invisible rails of the banking system.
• 0:42
  You're trusted by your clients. You're regulated, you're
• 0:45
  compliant. You're doing everything by the
• 0:48
  book. And then one morning you wake up
• 0:50
  to an e-mail. Not a warning, not a question,
• 0:52
  not a flag. Just a message from your bank.
• 0:55
  The biggest bank in America, telling you that your accounts
• 0:57
  are closed. No loans, no savings, no ability
• 1:01
  to move money, no financial products of any kind.
• 1:04
  Effective immediately. Snip.
• 1:07
  Just like that, the entire foundation of your company is
• 1:11
  gone. Payroll frozen, vendors blocked,
• 1:15
  customer funds stuck. Entire industries relying on
• 1:18
  your infrastructure dead in the water.
• 1:21
  The wild part? You didn't break the law, you
• 1:23
  didn't commit fraud, you didn't do anything wrong.
• 1:26
  You were just cut off. That's the nightmare that just
• 1:29
  became real for strike one of the most important Bitcoin
• 1:33
  payments companies in America after JP Morgan Chase suddenly
• 1:36
  pulled the plug on all their accounts.
• 1:38
  And if a regulated, legitimate company serving millions of
• 1:41
  users can be erased from the financial system overnight, what
• 1:45
  does that say about the rest of us?
• 1:46
  To really understand what's happening now, you have to
• 1:49
  understand what JP Morgan Chase actually is.
• 1:52
  This isn't just a bank. It's the final form of over 1000
• 1:56
  predecessors merged over more than two centuries.
• 2:00
  And it goes all the way back to 1799, when Aaron Burr, excuse
• 2:04
  me, helped create the Manhattan Company as a water company for
• 2:10
  New York with a sneaky little claws in its charter that
• 2:12
  allowed it to operate as a bank instead.
• 2:15
  Public purpose on the surface, private power underneath from
• 2:19
  day one. Fast forward a century.
• 2:21
  J Pierpont Morgan is personally brokering bailouts in the panic
• 2:26
  of 19 O 7, so powerful that the government literally calls him
• 2:30
  to stabilize the system, which eventually leads to the creation
• 2:33
  of the Federal Reserve as a response.
• 2:35
  Fast forward again, in 1955, the Manhattan company merges with
• 2:39
  Chase National, turning it into Chase Manhattan Bank.
• 2:42
  In 2000, Chase Manhattan merges with JP Morgan and Co.
• 2:46
  This is the modern JP Morgan Chase and Co.
• 2:48
  In 2004, JP Morgan acquires Bank One, bringing in Jamie Dimon.
• 2:53
  January 14th, 2004. That was when JP Morgan Chase
• 2:57
  said it would buy smaller rival Bank One Corp for more than $50
• 3:00
  billion. The deal gave JP Morgan access
• 3:03
  to Bank One's 290 million billion dollars of assets, 7
• 3:07
  million retail customers and 500,000 small business clients.
• 3:12
  But the biggest prize would be the onboarding of a 40 something
• 3:15
  Wall Street wunderkind named Jamie Dimon.
• 3:17
  Then comes 2008 and we all know what happened.
• 3:20
  In 2008, when Bear Stearns is on the verge of collapse, JP Morgan
• 3:24
  acquires it with 10s of billions in Federal Reserve guarantees to
• 3:28
  absorb the risk. When Washington Mutual fails the
• 3:31
  largest bank in U.S. history at the time, JP Morgan again swoops
• 3:35
  in and acquires key assets with government assistance.
• 3:38
  Even in 2023 when First Republic goes down, who's there to pick
• 3:41
  up the pieces with FDIC support? JP Morgan Chase over and over
• 3:47
  and over. There's a crisis.
• 3:48
  The government steps in, and JP Morgan emerges bigger.
• 3:52
  It's like the final boss that keeps leveling up after you
• 3:55
  think you beat him. And it's not just size.
• 3:59
  Look at the rap sheet. In 2012, the London whales
• 4:01
  scandal. Over 6 billion in trading losses
• 4:04
  in its chief investment office, followed by 920 million in fines
• 4:09
  for unsafe and unsound practices.
• 4:12
  In 2020, nearly 1 billion in civil and criminal penalties for
• 4:16
  using spoofing to manipulate precious metals and Treasury
• 4:19
  markets. In 2023, at least 290 million to
• 4:23
  settle claims from Jeffrey Epstein's accusers, plus another
• 4:26
  75,000,000 to the US Virgin Islands over allegations JP
• 4:29
  Morgan turned a blind eye while Epstein used the bank to
• 4:32
  facilitate his crimes. In 2024, around 348 million in
• 4:37
  new fines for inadequate trade surveillance and market
• 4:40
  misconduct monitoring. You don't pay those kinds of
• 4:43
  fines unless you are so central, so systematically important,
• 4:47
  that you're effectively above the normal rules.
• 4:50
  So when we ask, is JP Morgan more powerful than the Fed, it's
• 4:53
  not a meme, it's a serious question.
• 4:56
  Because in crisis after crisis, the Fed and the government have
• 5:00
  been over backwards to keep JP Morgan standing, while JP Morgan
• 5:04
  in turn has gained even more control over the financial rails
• 5:08
  everyone else has to use. And now that power is being
• 5:11
  aimed squarely at Bitcoin's ecosystem.
• 5:14
  Now layer this on top. A major US Bitcoin payments
• 5:17
  company strike wakes up to find out it's being debanked by JP
• 5:22
  Morgan. No fraud charges, no criminal
• 5:24
  allegations. Just we're done and we can't
• 5:27
  tell you why. This is what I want you to
• 5:29
  really sit with. Everyone thinks that the power
• 5:31
  of a bank is in the money that it holds.
• 5:34
  It's not. The real power of a bank is the
• 5:36
  ability to say no. No account, no loan, no wires,
• 5:41
  no access. And here's the real twisted
• 5:44
  part. The money you think is yours in
• 5:46
  the bank. Legally, it isn't.
• 5:48
  When you deposit dollars, you don't keep ownership.
• 5:50
  The bank does. You become an unsecured
• 5:53
  creditor, You hold a claim, and I owe you.
• 5:56
  Your access is a privilege, not a right.
• 5:59
  And that privilege can be revoked if you become
• 6:01
  politically inconvenient, system threatening, or just too aligned
• 6:05
  with the wrong future. We've seen this, businesses
• 6:07
  debanked over political views, individuals debanked over
• 6:11
  associations, like we've seen in the Canadian truckers protest,
• 6:14
  entire industries treated as radioactive, The marijuana
• 6:17
  industry, for instance. So when a Bitcoin company like
• 6:20
  Strike gets cut off, it's not just a business problem, it's a
• 6:24
  message. The banks had a monopoly for
• 6:26
  decades. They controlled savings, loans,
• 6:30
  payments, credit settlement. Then something happened that
• 6:34
  they didn't expect. Bitcoin, stable coins and crypto
• 6:37
  rails started to grow outside of their walled gardens.
• 6:40
  They watched as Coinbase grew into a massive on ramp.
• 6:43
  Robin Hood on boarded an entire generation to trading.
• 6:46
  Bitcoin and other assets like it see trillions in cumulative
• 6:49
  volume. At first they laughed, then they
• 6:51
  lobbied, then they tried to ignore it, but the market would
• 6:55
  not let them. Crypto got too big to dismiss,
• 6:58
  so they pivoted to Plan B. If you can't kill it, integrate
• 7:02
  it. But on our terms.
• 7:04
  Custody products, tokenized deposits, bank grade blockchain
• 7:08
  solutions. But at the same time, closing
• 7:11
  accounts, pressuring companies, nudging regulators, controlling
• 7:16
  on and off ramps. One hand offers a shiny crypto
• 7:19
  product, the other hand keeps its fingers wrapped around a
• 7:23
  kill switch. And if you think about it, this
• 7:26
  makes perfect sense. From their perspective, Bitcoin
• 7:28
  and crypto threatened to expose a fundamental crisis within our
• 7:31
  current banking system through their decentralized,
• 7:34
  ungovernable design. No one controls Bitcoin, and
• 7:38
  that's a problem for an industry that has systematically rooted
• 7:40
  itself into every transaction that we make or take.
• 7:45
  Why would a cartel keep banking a customer that's actively
• 7:47
  building the rails to root around them?
• 7:50
  Some people find Bitcoin through curiosity.
• 7:53
  Some people find Bitcoin through number go up.
• 7:55
  If your existence threatens the incentives of the old financial
• 7:58
  guard, you're not a customer. You're a problem, and problems
• 8:03
  get removed because, again, it's not your money if you need
• 8:07
  permission to use it. Let's zoom out for a second.
• 8:09
  Having your entire financial life dependent on a handful of
• 8:11
  banks is one kind of risk. There's another kind too.
• 8:15
  Real world shocks, blackouts, natural disasters, grid issues,
• 8:19
  supply chain breakdowns. That's why I like what SAT
• 8:21
  123.com is doing. Portable power, industrial grade
• 8:25
  communication. All in curated kits that don't
• 8:28
  require you to be a weekend bunker warrior.
• 8:30
  If you're stacking Bitcoin for a long term sovereignty, it makes
• 8:34
  sense to stack a little real world preparedness to head over
• 8:37
  to sat123.com and use the promo code simply for 15% off your
• 8:41
  purchase. Stay sovereign, stay connected
• 8:43
  with sat123.com. So on one side of this economic
• 8:46
  civil war, you have the old banking cartel, which is JP
• 8:49
  Morgan or too big to fail banks, the legacy rails.
• 8:53
  But on the other side, you have new rails forming stable coins
• 8:57
  like Tether, global dollar demand outside of traditional
• 9:00
  banks and sitting behind all of it, Bitcoin as the hard
• 9:04
  collateral of last resort. When Tether earns interest on
• 9:07
  its treasury pile, they buy Bitcoin and gold, hard sovereign
• 9:12
  assets, which means Bitcoin is becoming the check and balance
• 9:16
  of both banks and stable coins. We live in a world where human
• 9:19
  committees change the rules whenever it's convenient,
• 9:22
  central banks print trillions when the system wobbles, bank
• 9:25
  CEOs quietly shape markets and access, and monetary policy is
• 9:29
  whatever a rotating cast of officials say it is in this
• 9:33
  cycle. This is all versus a 21 million
• 9:36
  hard cap, a transparent issuance, Open Access rules
• 9:40
  enforced by code, not personalities.
• 9:42
  Yet most people still default to paper money today.
• 9:45
  That's not a bug, that's just how early we are.
• 9:47
  Sometimes adoption shifts slowly.
• 9:49
  Sometimes there's a catalytic event where the mask slips so
• 9:53
  hard people rush to the exit all at once.
• 9:56
  DE banking, weaponized finance, index exclusion, regulatory
• 10:01
  games. These are all kinds of cracks
• 10:03
  that push people from trusting institutions to trusting math.
• 10:08
  So let's connect the dots. A bank reduces exposure to a
• 10:10
  Bitcoin treasury company right as the index game turns against
• 10:14
  it. The same bank D banks, a major
• 10:17
  Bitcoin payments company. That bank has spent years paying
• 10:22
  billions in fines for everything from market manipulation to
• 10:25
  rogue trading to failing to stop a serial predator like Epstein
• 10:29
  to use its accounts. Meanwhile, people are slowly
• 10:32
  realizing their bank deposits are just unsecured Ious that can
• 10:36
  be frozen on a whim. Old guard versus new guard.
• 10:40
  Human money versus math money. You can call it an economic
• 10:45
  civil war, or you can call it the messy transition from one
• 10:48
  monetary operating system to another, But whatever you call
• 10:51
  it, you are living through it. And pretending it's just
• 10:54
  volatility is like standing in the middle of a battlefield.
• 10:57
  And complaining about the noise. So what does Bitcoin actually do
• 11:02
  in this story? It takes money out of the
• 11:04
  permission system. It turns balances into bearer
• 11:07
  assets. It removes kill switches from
• 11:09
  CEOs and committees. And it gives people something
• 11:13
  that can't be debased, frozen, or censored by banks like JP
• 11:17
  Morgan. Bitcoin is not perfect.
• 11:19
  It's not painless. But it is different.
• 11:21
  And that difference matters when index providers quietly gatekeep
• 11:25
  banks, quietly debank politicians quietly weaponize
• 11:28
  finance, and the monetary base keeps quietly expanding.
• 11:31
  When you hold Bitcoin in your own custody, you're stepping
• 11:35
  outside of that game where Jamie Dimon, MSCI, the Fed, the
• 11:39
  Treasury, or whoever's in office can change the track mid ride.
• 11:43
  You're anchoring part of your life to something with fixed
• 11:46
  rules, visible to everyone, changeable by #1 that's the core
• 11:50
  and that's the point. And if you want to go one step
• 11:52
  further and then just holding Bitcoin and actually plug into
• 11:54
  the network itself, then you need to check out SaaS
• 11:58
  mining.com. SaaS mining.com lets you own
• 12:00
  real ASIC miners hosted in facilities powered by clean
• 12:04
  renewable energy, with uptime management and logistics handled
• 12:08
  for you while you receive Bitcoin.
• 12:10
  They mine straight to your wallet.
• 12:12
  No ETFs, no middleman coin exposure, just machines,
• 12:16
  electricity, and SAT's. They only win when you win, and
• 12:19
  they're aligned with the same values that a lot of us in the
• 12:22
  space care about. And if you go to sasmining.com
• 12:24
  right now and you put the promo code Simply Bitcoin, you'll get
• 12:27
  $100 off your first rig. Book a call with one of their
• 12:30
  expert team members and start mining today at SaaS mining.com.
• 12:34
  Thank you guys so much for watching this video.
• 12:36
  If you like what you see and you want to see more, make sure you
• 12:39
  hit that like button below or you could subscribe to the
• 12:41
  simply Bitcoin channel for more content like this.
• 12:44
  Also don't forget to hit that notification bell.
• 12:46
  I'm oceans. This is beyond Bitcoin.
• 12:49
  Until next time.