Latest / Earn Your Leisure / The Truth About Bitcoin Ownership: Institutions, Control, and the Future

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The Truth About Bitcoin Ownership: Institutions, Control, and the Future · Earn Your Leisure

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• 1:51
  Speaker 1: Okay I talked about the fact that it's heavily concentrated
• 1:55
  Speaker 1: and that you know, just a few entities own most
• 1:58
  Speaker 1: of it. And when you have this heavily of a
• 2:00
  Speaker 1: concentration in an asset, anything can happen. The price spikes
• 2:04
  Speaker 1: a lot, Why, Oh, because one or more of these
• 2:06
  Speaker 1: entities decided they wanted to buy more of it. Oh,
• 2:09
  Speaker 1: the price drop? What happened? Well, some of these entities
• 2:12
  Speaker 1: decided that they didn't want as much of it anymore.
• 2:14
  Speaker 1: They can really impact supply demand and ultimately price and
• 2:19
  Speaker 1: as an individual investor or somebody who's trying to trade
• 2:22
  Speaker 1: these or hold these or buying for my kids for
• 2:24
  Speaker 1: the long term. I have zero control over that and
• 2:27
  Speaker 1: not a ton of visibility. But when you look at
• 2:30
  Speaker 1: who holds the most bitcoin coinbase, that's us individual investors
• 2:34
  Speaker 1: that are buying in our own accounts. Satoshi whoever that is.
• 2:38
  Speaker 1: It's an entity and mysterious entity, but they do have
• 2:40
  Speaker 1: a digital signature, so we know it's out there. We
• 2:43
  Speaker 1: just can't track the person down. Finance, Blackrock, the biggest
• 2:46
  Speaker 1: money manager in the world. This company here, micro Strategy.
• 2:50
  Speaker 1: This is a publicly traded stock that used to be
• 2:53
  Speaker 1: in the you know, making equipment for servers, right, it
• 2:58
  Speaker 1: used to be in the AIE diligence business, but it's
• 3:01
  Speaker 1: changed its business completely and for the past five years
• 3:04
  Speaker 1: it's CEO Michael Saylor. All he wants to do is
• 3:06
  Speaker 1: collect bitcoin and basically it's a bitcoin treasury and one
• 3:09
  Speaker 1: of the best performing stocks this year.
• 3:12
  Speaker 2: Is the interesting thing about this this tart Caleb, I
• 3:15
  Speaker 2: know it says as of November twenty four, election happened,
• 3:18
  Speaker 2: we saw bitcoin run.
• 3:20
  Speaker 1: Black Rock has actually increased their ownership.
• 3:22
  Speaker 2: They now have over five hundred and twenty eight thousand bitcoins.
• 3:25
  Speaker 2: So you talk about the largest treasury of money from
• 3:28
  Speaker 2: the institutional.
• 3:29
  Speaker 1: They're seeing a value in.
• 3:30
  Speaker 2: It, whereas before maybe five years ago, this tart would
• 3:33
  Speaker 2: look nothing like this.
• 3:34
  Speaker 1: Absolutely, not absolutely.
• 3:36
  Speaker 3: That's important. Like I said, it's not we're agnostic about
• 3:40
  Speaker 3: the situation. So just giving you the information is not
• 3:43
  Speaker 3: not debatable facts, just so you can be informed. Bigcoin
• 3:51
  Speaker 3: is held by institutions for the most part. That's not
• 3:58
  Speaker 3: something that is the that's an actual fact. Now that
• 4:02
  Speaker 3: could be a good thing because you can say, okay, well,
• 4:04
  Speaker 3: if black Rock owns this much and they're not gonna
• 4:07
  Speaker 3: they're very intelligent people, right, They're not gonna own something
• 4:10
  Speaker 3: that's not gonna go up in value. That's a sign
• 4:12
  Speaker 3: that's gonna go up in value. That's a sign that
• 4:14
  Speaker 3: you know it's gonna be even safer going forward. Or
• 4:17
  Speaker 3: you can look at it and say, well, if they
• 4:19
  Speaker 3: own this much, then they're gonna control everything, and it
• 4:21
  Speaker 3: kind of goes against the whole principles of it being
• 4:23
  Speaker 3: decentralized and Dada and the small guys that will win.
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  Speaker 3: But this is this is the world does not work
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  Speaker 3: on fairy tales.
• 4:30
  Speaker 1: The rich run it.
• 4:31
  Speaker 3: The rich have always run the world, right, There's never
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  Speaker 3: been a time in human history since money was created
• 4:38
  Speaker 3: that the rich didn't run the world. And they run,
• 4:40
  Speaker 3: and they run current, they run cryptocurrency. They own the
• 4:43
  Speaker 3: most of it, and they control the price, and they
• 4:44
  Speaker 3: run it. That's just important for you to know. So
• 4:48
  Speaker 3: it's not like this utopia that some people think that
• 4:52
  Speaker 3: it is. That's just not the case. And I have
• 4:57
  Speaker 3: a strong suspicion that they can still get because even
• 5:00
  Speaker 3: you know, in the Middle East when October seventh happened,
• 5:04
  Speaker 3: they got the Hamas's crypto, so bitcoin. So I don't
• 5:09
  Speaker 3: know how they got I don't know how they did that,
• 5:13
  Speaker 3: but that lets me know that if they want to
• 5:17
  Speaker 3: get your crypto, they're going to get your crypto. That's
• 5:19
  Speaker 3: just my own personal opinion that might not be an
• 5:21
  Speaker 3: actual fact, but the fact that they actually got their
• 5:24
  Speaker 3: their bitcoin so quickly, I just think that they have
• 5:29
  Speaker 3: some level of intelligence that if.
• 5:31
  Speaker 1: Prints it's all on the ledger. It's all on the ledger.
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  Speaker 1: Now if you they can do some digital sleuthing to
• 5:39
  Speaker 1: find out who's who on that ledger, and that's probably
• 5:42
  Speaker 1: how they got it. But let me just show, uh,
• 5:44
  Speaker 1: go back to that chart real quick if we can,
• 5:46
  Speaker 1: or is I presenting got okay? So you see they're
• 5:50
  Speaker 1: the US government number seven. It owns a two hundred
• 5:52
  Speaker 1: and thirteen thousand bitcoin at a value. Well, now the
• 5:55
  Speaker 1: value is probably twenty five billion dollars. But where did
• 5:58
  Speaker 1: it get it's bitcoin? Right? Well, it's not like the
• 6:03
  Speaker 1: Treasury and Jenny Yellen was out there scooping bitcoin, right,
• 6:06
  Speaker 1: and it definitely wasn't happening in the administration before that.
• 6:09
  Speaker 1: What is it from. It's from the seizure of assets
• 6:12
  Speaker 1: from criminal activity that the Treasury keeps in its treasury. Right,
• 6:16
  Speaker 1: So the United States owns bitcoin and Trump President elect
• 6:19
  Speaker 1: Trump said they'll never sell it. Now he's catering to
• 6:23
  Speaker 1: the bitcoin crowd. It helped get him elected. But we
• 6:26
  Speaker 1: do have quite a bit of bitcoin in our treasury,
• 6:28
  Speaker 1: and if we're going to mine our own, there's going
• 6:29
  Speaker 1: to be a lot more. And to your pointner Shot,
• 6:31
  Speaker 1: it's antithetical to the way that bitcoin was created by
• 6:34
  Speaker 1: Satoshi Nakamoto, whoever that was, right, It was never supposed
• 6:37
  Speaker 1: to be this. But it's gone capitalist real quick. Why
• 6:41
  Speaker 1: because there's value in it, and once there's value in something.
• 6:45
  Speaker 1: Here come the sharks, right, And if you want to
• 6:47
  Speaker 1: swim with the sharks as a pilot fish or a
• 6:50
  Speaker 1: fish behind the pilot fish and make some of that
• 6:52
  Speaker 1: money too and invest in it and learn about it,
• 6:54
  Speaker 1: you can do that, or you can just say that's
• 6:56
  Speaker 1: just capitalism run amuck. I don't want any part of it.
• 6:59
  Speaker 1: But I assume if you're watching this you're interested in it.
• 7:02
  Speaker 1: Let's move on to the next line real quick. Anyway,
• 7:04
  Speaker 1: there's more. We're going to call them the whales. Yeah,
• 7:07
  Speaker 1: they're whales. There are the whales. Right. Chinese government has
• 7:10
  Speaker 1: a ton of bitcoin fidelity. Look, these are big companies, right,
• 7:14
  Speaker 1: robinhood as a lot, but that is held for clients
• 7:16
  Speaker 1: like us, right, so we dow individuals do have it.
• 7:20
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