THE WORST BETRAYAL IN BITCOIN HISTORY

How people relate to bitcoin has an effect. Referring to it as “currency,” “medium of exchange”, “cyber capital”, “digital asset”, “digital gold”, etc. So many terms thrown around that can just be made up if it sounds good. Saylor is not the spokesman for Bitcoin though media is placing him in that position. All the more important for us, the network of Bitcoin to spread the good news of education and self custody. We’re doing that on BG podcast, live Thursdays 2:00pm, for boomers and new bitcoiners

Self custody is in! It always will be. No entity can control it. 🎉

Don't think you're special btc maxis. Blackrock and the u.s. government wants to own all of the top crypto assets. There will be none left for any of us.

Who do you think created Bitcoin? You are going to get dumped on.... do your research and you will find more project out there which have more transparency

No one controls Bitcoin. Will never happen. Fake news.

Bring on the FUD...📢🤣

This would appear to be a war of Trojan horses, Jack's message hit home, however I think that the focus is U.S. centric..there's a big world out there that needs BTC and many millions of BTC are held by people who don't even speak the same language let alone participate in ETFs.

"(Bitcoin self custody) is for paranoid crypto anarchists" - Michael Saylor (2024).

Price discovery is a fantasy. When they tell you it isn’t worth anything that’s when you want to hold it. And bitcoin is unique in that way. The supply is going off a cliff and the demand will be going up a cliff. That’s all there is to it. But price discovery is easily gamed, but there is a limit to the gaming of bitcoin price discovery. Price discovery relies on people selling bitcoin and also what price they sell it for. The more the people acquire and hold it the harder it is for those who want to short bitcoin to do so. And you want to hold it for 20 years. 100$ a month or something - people throw away more money on coffee or going out to eat. Buy bitcoin 100$ a month or more for 20 years in a noncustodial wallet and self custody. What they are able to do to stocks like AMC they cannot do to bitcoin.

Saylor NEVER said he thought it was a currency. He always said he considers it a store of value. It does not matter as long as the number of people holding it continues to increase at scale.

Heya Marty! After listening to this and RHR yesterday I'm wondering how you can be bullish on the SBR, it all seems so rigged?

people who buy bitcoin ETF’s should buy other than BlackRock.

that clears my suspicion about Lummis. Thanks.

DARPA mind control? WTF.

It doesn't matter, when the true killer app is built on Bitcoin by a single pleb self custody will be a must!

It was sad to see the even planB moved his bitcoin into an etf

Lummis is fraud from day one

dont kid yourself it was already wall street and bank controlling btc...

when are you going to realise that btc does NOTHiNg and should go to 0.... for all the energy it use

Everything you’re saying is spot on. But how is it a betrayal? If anything, this has been their confession session since the beginning.

Yes, institutions were coming for Bitcoin as soon as they saw its potential. It’s the only way they can keep their fiat fecal fun & games going. If they have to jump on an open ledger one day, so be it.

Yes, politicians are gonna politic & billionaires are gonna billionaire. No one should EVER have trusted Senator Lumis, Michael Saylor, or anyone either of their camps.

If people won’t heed the warnings, that’s (sometimes sadly) on them. Remember, “someone” has to do menial work/poopie tasks. It’ll usually be those who chose to do it 😢

So stack Sats, attempt to educate those around you & keep your bitcoin off of exchanges.

Take care, everyone.

Too much fearmongering.
You can not prevent services to custody assets from popping up and that includes banks.
Its ALWAYS the individual that are responsible for their own actions and education.
There will always be fools who will lose what they own.
Either from letting other custody it for them or from gambling it away.

Next we have Saylor and the talk of BTC being being capital.
I believe he did this to avoid the obvious conflict with the Banks. He knows they will protect their golden goose by all means and so he found a way around it by a simple labelling.
We will most likely always have "currency" around in at least the forms of stablecoins.
Im okay with spending that and saving in hard assets.
You can swap instantly from a hard asset to a stablecoin the same second you need to spend it.

Self custody is one of the important features for sure, but we have to admit that the market does not value it that way. I don't buy that this is due to the ETF's or due to Saylor. The demand was never there. As a side note: We still haven't tackled the issue that most will never be able to self custody.

Get rid of the hacky generic b-roll and get your face on camera, Marty! This feels like something that ai could produce in a year or two.

well make the self custody much easier for the non techies by introducing more user-friendly Wallets etc. Then they all will dump ETF and do the self Custody problem solved!!

I knew these fuckers would do this with ETF's. They did it for silver and gold and now Bitcoin.

(Really do love these breakdowns...) 😎

I'm class of 2010. In the back of my mind I've been worried about this but really do love listening to Saylor and kept convincing myself he wouldn't do anything against bitcoin. Man that'll be disappointing.

Great content, thanks for sharing! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (iron observe slam major mad decorate feed photo awesome vast kitchen faint). What's the best way to send them to Binance?

I've been wondering lately if the gov is trying to pull a Microsoft on Bitcoin (embrace, extend, extinguish). Haven't fully figured out how yet. If so, maybe it's not just the gov.

Your videos are good, wish they were a little longer though. Keep it up

Keep an eye on the Bitcoin Cash Rich List
1.1 Million Bitcoin Cash were accumulated into 37 new BCH addresses in Feb and March (price up 10% in 7 days and the only top 100 MCAP crypto in the Green over 7d)
BTC and BCH share the same 21M max supply, same genesis, same white paper, same halvings and the same mining pool operators 🤔

THANKS MARTY 👍