Latest / Simply Bitcoin / Bitcoin CRASHES $20,000 | Larry Fink & Trump Go ALL IN! | Simply Originals

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Bitcoin CRASHES $20,000 | Larry Fink & Trump Go ALL IN! | Simply Originals · Simply Bitcoin

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  After the biggest flash crash in Bitcoin history, Larry Fink went
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  on 60 Minutes and he said this. I did say Bitcoin, because we
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  were talking about Bitcoin then, was the domain of money
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  launderers and thief. But you know, the markets teach
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  you. You have to always relook at
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  your assumptions. There is a role for crypto in
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  the same way there's a role for gold.
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  That is, it's an alternative for those looking to diversify.
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  This is not a bad asset. Bitcoin crashed $20,000 in a
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  matter of minutes, and Larry Fink, who you could argue is the
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  most powerful man on the planet, is more bullish than ever.
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  Bitcoin is already rebounded, and there's not enough people to
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  dig graves for the shit coins that were massacred in the Great
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  Flash Crash of October 10th. And he isn't alone.
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  Larry Fink's top assistant, Donald the Orange, is also
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  doubling down. Now with nearly a billion
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  dollars in exposure to Bitcoin. Is the trade war back on?
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  Is October cancelled or is Valhalla right around the
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  corner? We got a massive show today.
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  Get those diapers ready, because believe it or not, Bitcoin is
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  ready to rock. That's right.
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  Look, I'm I'm very bullish on the long term viability of
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  Bitcoin was. Gonna say did that surprise did.
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  That surprise me how much that's gone up.
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  I mean, look at it's, it's, it is we're we're creating now a
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  market that has more liquidity, more transparency.
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  And I'm I'm pleasantly surprised and I would never have predicted
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  it before we filed it that we were going to see this type of
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  retail. So you thought you'd do good,
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  but not this good. I thought yes, yes.
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  Definitely. I bid Is your ETF over at
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  iShares? It's about to overtake
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  Grayscale, which was in the business certainly a lot longer.
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  You look at the gains since January 11th when it first came
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  about. Have you ever seen this much
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  inflow this quickly into? Ibid is the fastest growing ETF
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  in the history of ETFs. All right, let's talk about
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  Larry freaking Pink, The $12 trillion man himself, the CEO of
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  BlackRock, the most powerful financial institution on earth,
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  just went on 60 minutes and told the world he was wrong about
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  Bitcoin. Quote, there was a role for
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  Bitcoin and crypto the same way there is a role for gold.
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  This is not a bad asset. You heard that right.
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  Not a bad asset. That's right, the same guy who
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  called Bitcoin quote for money launderers and thieves is now
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  basically calling it digital gold.
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  And it gets better. Think straight up admitted his
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  past mistakes. He said markets teach you to
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  rethink your assumptions. Translation.
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  I faded Bitcoin and I was wrong. Larry's getting humble now.
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  While your average investor was panic selling during the flash
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  crash, Blackrock's Bitcoin ETF I bet just broke a 90 billion in
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  assets under management now ranking in the top 20 ETFs in
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  the entire U.S. market market. And this interview aired the
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  same day gold hit a $27 trillion market cap in a fresh all time
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  high. It's interesting the evolution
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  because Fink is now echoing Samsung Maus 4th turning logic
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  times of chaos. You want real self sovereign
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  assets and now the most powerful man in finance just admitted
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  Bitcoin belongs in the same conversation.
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  So when Larry Fink and BlackRock, the literal
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  architects of the legacy system, start praising Bitcoin on
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  national TV, you know something seismic is happening.
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  Bitcoin just graduated from rebellion to reserve.
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  And right after Larry Fink went full orange build on 60 minutes,
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  guess who's joining him in the Bitcoin big leagues?
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  That's right, Donald the orange himself.
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  According to Coin Telegraph in Forbes, the president now
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  controls roughly 870 million in Bitcoin exposure, putting him
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  right up there with Michael Saylor, the Winkle Dye, and Tim
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  Draper. Wait, so let me get this
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  straight. The guy who once tweeted that
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  Bitcoin was a thin air like Liz Warren now holds almost a
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  billion dollars worth of it. We are truly living in the
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  fourth turning. So how'd we get here?
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  Trump owns 41% of Trump Media. That's the company behind Truth
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  Social. Earlier this year, they raised
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  over 2.3 billion and then dropped 2 billion of that right
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  into Bitcoin. Boom.
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  Suddenly the president of the United States is one of the
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  largest indirect Bitcoin holders on the planet.
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  And get this, Trump Media's balance sheet now holds more
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  Bitcoin than multiple publicly traded companies combined.
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  He basically copied the sailor playbook.
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  Turn your company into a Bitcoin treasury and inside the orange
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  wave, you know how the Colonel lived so that we could chicken?
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  Well, Sailor walked so Donald could moonwalk into Bitcoin
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  Valhalla. This is wild because Trump's not
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  just a holder, he's now financially incentivized to make
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  Bitcoin succeed. Staying with Larry and sure
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  enough, the genius act, executive actions in Bitcoin
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  superpower and crypto capital of the world rhetoric.
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  Well, they're all pointing in One Direction toward Bitcoin
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  dominance. So think about it.
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  Larry thinks calling Bitcoin digital gold.
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  Trump's hoarding nearly a billion in it.
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  You don't really need a PhD in macroeconomics to see what's
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  coming next. They're not betting on the
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  dollar, they're betting on Bitcoin.
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  Now we're about to break down the biggest flash crash in
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  Bitcoin history, $20,000 God, in a matter of minutes.
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  What the hell happened? Well, you're about to find out.
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  But before we bring it home and explain the bullishness of the
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  current situation, look at our likes 3 or 4 times.
• 5:39
  Maybe. I'll pump those numbers up.
• 5:41
  Those are rookie numbers in this racket.
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  Let's take a quick second for our sponsors who keep this show
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  on the air over at the Bitcoin way.
• 5:47
  If your wealth lives in their system, it's not yours.
• 5:49
  It's theirs. That's why we scream Bitcoin.
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  That's why you self custody. And that's why you call our
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  sig self custody, privacy, how to run a node and the tools that
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  keep you sovereign when the Fiat system pulls the plug, Don't
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  slash simply to learn more and get 25 basis points off your
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  first loan. All right here we go now let's
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  talk about what the hell just happened Friday at 9:30 AM the
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  Eastern. The total crypto market cap was
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  sitting pretty at 4 point, 1 trillion, flirting with a new
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  record. But by 5:20 PM, just 8 hours
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  later, we were down to 3.3 trillion.
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  That's 800 billion erased, $100 billion an hour for eight
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  straight hours. They say money doesn't grow on
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  trees. Well, apparently it evaporates
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  faster than FTX liquidity on a Friday night.
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  And this wasn't just a crash. This was the largest liquidation
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  event in the history of Bitcoin and crypto.
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  Over 1.6 million traders got liquidated.
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  Those poor degenerate souls. 19 billion in leveraged positions
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  wiped out in 24 hours. That's nine times the previous
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  record. To put it in perspective, this
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  crash was $17 billion bigger than February's meltdown.
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  And Are you ready for this? 19 times larger than the March
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  2020 or FDX collapses. Never seen anything like this.
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  Bitcoin alone recorded a 20,000 cut buck daily candle.
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  That's a three $80 billion swing and market cap.
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  For comparison, that's more than the entire value of Disney,
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  Coca-Cola or McDonald's gone and back in a single day.
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  So what triggered this digital apocalypse?
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  Let's walk through the timeline, because this looks a lot less
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  random than it seems. At 9:50 AM, crypto starts to
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  slide. At 10:57 AM, Trump drops his
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  tariff post. Then at 4:30 PM, a massive whale
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  loads up short positions, and 20 minutes later Trump announces
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  100% tariff on China. By 5:20 PM, markets are in full
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  meltdown and the same whale closes out for a tidy $192
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  million profit. You're telling me that whale
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  just coincidentally timed the largest crypto liquidation ever
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  within 30 minutes of a presidential announcement?
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  Here's the post mortem. This wasn't a fundamentals
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  collapse. It was leverage, greed, and thin
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  liquidity. 16.7 billion in longs got liquidated compared to 2.5
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  billion in shorts. That's almost 7:00 to 1:00.
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  Every major exchange except Bitfinex on 90% plus long
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  positions get blown up. One platform alone, hyper liquid
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  accounted for 10.3 billion. The same one our mystery whale
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  used. Bottom line, this was a perfect
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  storm. Too much leverage, too much
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  greed, and one well timed tariff bomb.
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  But guess what? Bitcoin already recovered.
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  This wasn't the end. It was a reset, a technical
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  correction. The weak hands just got flushed
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  and the market could be primed for the next leg up.
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  So yeah, the biggest crash in Bitcoin history.
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  And yet Bitcoins already bouncing back like a cockroach
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  after nuclear war. This is the orange ocean baby.
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  The storm clears and the signal stays.
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  They naked 278 billion in 45 minutes.
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  The biggest flash crash in Bitcoin history and they still
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  couldn't break 100K. Now we're less than 5% from pre
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  crash. All we see is green.
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  And the tariff panic. The odds of 100% tariffs on
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  China just dropped to 11% on polymarket.
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  So yeah, the market basically panic sold for nothing.
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  The bears are out of honey. And meanwhile gold's down 84%
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  versus Bitcoin since 2020. Bitcoin is the hurdle rate, if
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  you can't beat it, you buy it. And while everyone else was
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  crying, MicroStrategy bought another 220 Bitcoin, bringing
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  their stack to 640,000 BTC. Binks and Trump's and sailors
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  stacking shit coins are in the crapper and Bitcoin doesn't
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  care. Yesterday's crash wasn't the
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  end, it was the reset. The real bull run it starts now
• 10:14
  is October back on? Tell us what you think below.
• 10:17
  And sunder. And don't forget to get those
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  see you there. Hope you guys enjoyed this one.
• 10:46
  Don't forget to like subscribe and give us a PAMP at sharing
• 10:48
  this video with some poor bastard who just got liquidated.
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  Those poor degenerate souls. What did we learn from all this?
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  Stay humble stack sats and don't forget to set those
• 11:02
  notifications for the best of Bitcoin news delivered to you
• 11:05
  daily. No wait, wait, was that entire
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  massive liquidation? Was it all an inside job?
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  Well, you better check out Dante's video from yesterday and
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  I'll get you all next time. Love you guys if you prefer.
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  To go. Down.
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  With the. Ship.
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  You.