Latest / Simply Bitcoin / They’re Not Buying Bitcoin… THEY’RE TAKING IT? | Beyond Bitcoin

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They’re Not Buying Bitcoin… THEY’RE TAKING IT? | Beyond Bitcoin · Simply Bitcoin

• 0:00
  The United States just admitted how they plan to stack more
• 0:03
  Bitcoin, and it's not by buying it.
• 0:05
  We're not going to be buying that, but we are going to use
• 0:09
  confiscated assets. Treasury Secretary Scott Bassett
• 0:12
  went on live TV and basically said we are going to build up
• 0:17
  our strategic reserve through confiscation.
• 0:19
  Oh, yeah. Now, this isn't conspiracy
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  theory. There's a clip.
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  See, I told you there's a clip. So no, this is not conspiracy
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  theory. This is history repeating itself
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  like I'm repeating myself right now.
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  In 1933, FDR took the gold, and in 1971 Nixon took the gold
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  standard. And if you think they won't come
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  for your Bitcoin, then you're already in their trap.
• 0:44
  Imotions. This is beyond Bitcoin.
• 0:46
  Let's go punch a box of Cracker Jacks, shall we?
• 0:55
  When Trump got back into office, a lot of Bitcoiners thought that
• 0:58
  this was our big break. Why are you talking like that?
• 1:02
  I don't know. Maybe the government would
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  actually buy Bitcoin, you know, treat it like the strategic oil
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  reserves, and it would strengthen the US balance sheet
• 1:14
  sponsored by Disney. You remember the digital Fort
• 1:17
  Knox narrative? Treasury scooping up sats and
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  signaling to the world that Bitcoin is actually the American
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  asset that we all want and deserve?
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  Yeah, sure. Instead, here's the reality.
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  Scott Besson says they're not buying a single SAT.
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  We, we've got this, the large gold holding I, I doubt we're
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  going to revalue it, but we are, we are going to keep it there
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  again as a store of value for the American people.
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  We've also started A to get into the 21st century a Bitcoin
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  strategic reserve. We're not going to be buying
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  that, but we are going to use confiscated assets and continue
• 1:58
  to build that up. We're going to stop selling
• 2:00
  that. You know, I, I believe that
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  Bitcoin Reserve at today's prices is, is somewhere between
• 2:06
  15 and 20 billion. The strategic Bitcoin reserve
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  will grow only through seized coins.
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  They're up to something over there now.
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  These coins will be taken from exchange busts, criminal cases,
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  and maybe even one day regular citizens.
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  Now they claim to have 15 to $20 billion worth of Bitcoin
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  already, but didn't they say they had like way more than
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  that? 15 to 20 billion, now 20 billion
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  divided by the current price, which is at $117,000 per
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  Bitcoin. What is that?
• 2:44
  Let's do a little math 171,000 roughly Bitcoin, that's what
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  they currently have. Maybe.
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  Now, before you think how they'd never do that, they're the
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  government. They're the pillar of truth, the
• 2:58
  shining light in all of our lives.
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  Well, let me tell you, they've done it before. 1933 Executive
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  Order 61 O2 FDR made it illegal for most Americans to own gold.
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  Executive Order 61 O 2 was a presidential executive order
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  that required Americans to surrender much of their gold to
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  the US government. President Franklin D Roosevelt
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  passed the order in 1933 as a reaction to the crippling effect
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  of the Great Depression on the US economy.
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  After years of economic turmoil, the American people desperately
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  required relief from the financial disparity induced by
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  the Depression. The reason behind the order was
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  to remove constraints on the Federal Reserve in order to
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  print more money during the Depression.
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  The order was issued within a month of FD Rs inauguration and
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  all Americans were required to forfeit their gold to the
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  government. People were forced to sell to
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  the government at a fixed price. Now how do they do that?
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  How on earth would they convince everyone to give up their gold
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  and make them sell it? Well, where is most of the gold
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  in 1933? If you're smart enough, you bury
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  it in your backyard. But most of the gold in 1933 is
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  located in the banks, and the banks are subject to seizure
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  because they are regulated by the government.
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  Now. This sounds like a very, very
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  parallel story to what's currently going on.
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  If most of the Bitcoin out there is currently on exchanges, well.
• 4:28
  But we are going to use confiscated assets.
• 4:33
  That just tells you get your freaking Bitcoin off exchanges
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  and put it into cold storage. 1971 The Nixon Shock Overnight,
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  Nixon killed the dollar's convertibility to gold.
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  Accordingly, I have directed the Secretary of the Treasury to
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  take the action necessary to defend the dollar against the
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  speculators. I have directed Secretary Conley
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  to suspend temporarily the convertibility of the dollar in
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  the gold or other reserve assets except in amounts and conditions
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  determined to be in the interest of monetary stability and in the
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  best interest of the United States.
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  Well, temporarily the dollar went fully Fiat, decoupling from
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  any hard asset. Now, both of these moves were
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  justified as emergency measures. Both of those moves were about
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  control, and every time people who trusted the system woke up
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  to holding an empty bag that was cut open by the government at
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  the bottom right overnight didn't even think about it.
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  We are going to seize all of your gold.
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  Sorry, because it's safer for you.
• 5:39
  Before we go any deeper, if you're serious about staying
• 5:41
  ahead of moves like this, you'll need tools to keep you plugged
• 5:45
  into the signal and not the noise.
• 5:47
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• 5:52
  offers a variety of survival gear in times of crisis.
• 5:56
  They come with Faraday bags, solar panels, satellite phones,
• 5:59
  you name it, they got it. Keep your sovereignty when
• 6:02
  everyone else has lost theirs. Go to sat123.com and use the
• 6:05
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• 6:08
  Now that's pretty good. So stay sharp and stay ahead and
• 6:11
  go to sat123.com. Now.
• 6:13
  Besson's words weren't an accident.
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  Their policy preview? Buying Bitcoin in the open
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  market pushes the price up, but confiscation doesn't, and
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  governments will always choose the option that strengthens
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  their hand without costing them a dime.
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  Think about it. When your coins sit on an
• 6:30
  exchange, they're not your coins, are they?
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  Not your keys, Not your coins. They're in someone else's
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  custody in some other jurisdiction, waiting for
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  someone else's compliance officer to turn them over.
• 6:43
  That's not Bitcoin ownership. That's Bitcoin IO US or paper
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  Bitcoin. Well, in this case, actually,
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  paper Bitcoin might be safer than Bitcoin IOU's on an
• 6:53
  exchange because of the amount of problems that come with
• 6:58
  keeping your coins on an exchange.
• 7:00
  Hacks, regulation, theft, seizure, all of these third
• 7:04
  party risks come with keeping your coins on exchanges.
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  I've really had to study and learn about Bitcoin and the
• 7:10
  nuances within the technology so that I can learn how to take
• 7:12
  self custody, which is the beauty.
• 7:14
  It's the technological revolution that you don't have
• 7:17
  to have a a third party issuer and you don't have to have a
• 7:19
  third party that you trust in order to custody it.
• 7:22
  And so Satoshi sort of gave us this gift and yet people are
• 7:25
  trusting these companies because they're chasing yield because
• 7:28
  really our money is mostly the market is peer to.
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  Peer, though without a bank transaction.
• 7:33
  Right. It's supposed to take the middle
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  man out. But when you introduce those
• 7:36
  layers of trust, you introduce security risks, and that's
• 7:39
  exactly what is happening. But again, people are chasing
• 7:41
  yield because the financialization of our world
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  over the last few decades has really corrupted.
• 7:46
  If history tells us anything, you don't wait for confiscation
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  to be a headline, you go bury that stuff in the backyard.
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  You cut them off at the knees before they can even make a
• 7:54
  move. And that means buying Bitcoin
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  and taking it off of exchanges or earning it cold storage,
• 8:00
  multi sig custody that you control.
• 8:04
  But for people who want to go further and earn Bitcoin without
• 8:06
  ever touching an exchange, do I have a solution for you?
• 8:10
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• 8:13
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• 8:16
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• 8:19
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• 8:20
  coins, no exchange account to freeze, just freshly mined
• 8:24
  Bitcoin straight to your wallet. Go to sasmining.com and book a
• 8:27
  call with one of their expert team members and start mining
• 8:30
  today and earn that stuff. So here's the bottom line.
• 8:35
  The government just told us how they plan on growing their
• 8:38
  Bitcoin strategic reserves by taking it, not buying it.
• 8:41
  As history shows, they really mean it.
• 8:44
  Don't make it easy for them. Self custody is the only way.
• 8:47
  Thank you so much for watching this video.
• 8:48
  If you like this content, you want to see more, make sure you
• 8:51
  hit that like button below or you can subscribe to the simply
• 8:54
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• 8:56
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• 8:58
  Also, don't forget to hit that notification bell for more
• 9:02
  updates whenever we're coming out with videos.
• 9:05
  Anyway, imotions, this is beyond Bitcoin.
• 9:08
  Until next time.