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2078: U.S. Will NOT Buy More Bitcoin - BTC Hits Record High Then Crashes
00:29:06
Treasury Secretary Scott Bessent announces the U.S. will 𝐍𝐎𝐓 be buying more Bitcoin – instead holding the $15-$20 billion in BTC they already possess and vowing to “confiscate more.” Max Keiser reacts, warning: “The U.S. is scared...
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- [00:00]
JV
Summer fun goes great with family freedom from T Mobile. We'll pay off four phones up to $3200 and give you four free phones all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com familyfreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16 128GB8 2,999 eligible trade in eg iPhone 11 Pro for well qualified credits end and balance due if you pay off early or cancel contact T Mobile Congratulations Bitcoin fam. We hit a new all high yesterday of 12:45 before correcting to see where we're currently at and this is a result of breaking news just in. Treasury Secretary Scott Besson says the US will not be buying more Bitcoin. Instead they'll hold 15 to 20 billion which they already have and then confiscate more. So much for that strategic Bitcoin reserve promise, making BOH resignation look real interesting. I'll be breaking all this down for you. The high priest Max Kaiser responded. As I've been predicting on spaces, the US is scared shitless. Bitcoin crushes the US dollar and they're scrambling to work a stablecoin solution. Spoiler alert it won't work. Only Bukele gets it. There is only one Bitcoin country Preach. Also in today's show, Bitcoin briefly flips Google market cap as investors rally. You know eyeing the rally above 124 before the crash. We'll also be discussing Vietnam police bus billion dollar crypto Ponzi ring behind the Paynet coin scam be breaking down this report. Also Trump Jr. Tide firm raises 50 million for crypto mining as Bitcoin peaks. We'll also be discussing Bitcoin will either Godzilla up or drop on Alt mania according to Jan3's Samson Ma. Also big news, Norway's sovereign wealth fund ups in direct Bitcoin exposure in 2025. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. If you're new to the rumble, very important to smash the likes. Give us a follow and repost the stream over on X with the account BTC News Alerts today is pod episode number 2078. I'm your host JV. It's August 14th, 2025, another historic day for the market. Yesterday we hit the new all time high just above124.5 before dumping right off the news of SC Bessant saying that the US will not buy any more bitcoin, which is ultimately backtracking on previous promises. Instead, they said we'll continue to acquire more Bitcoin through seizure, which means stealing your bitcoin. Ironic enough, but let's kick this mofo off. Checking out coin360 you can see Bitcoin currently just above117.8, down 3% on the day. XRP is a big loser on the day down 6%, trading just above $36 and ether back down to $4,500 and checking out coinmarketcap.com the current crypto market cap is coming in today and yesterday we hit the all time high. FYI today it's 3.98 trillion still holding strong, just down 3% on the day. 24 hour volume is 290 billion so that's up 20% on the day with the bitcoin dominance coming in today at 58.8% with the ether dominance at 13.7%. The bitcoin market cap is $2.34 trillion. And checking out top 100 crypto gainers past 24 hours we got core up 5%, Cardano up 5% and Radium up 3%. Which alts if any are you bullish on for the bull? Holl at your boy and I'll read those comments out loud here shortly. Checking out the crypto bubbles. Get a visual perspective on the day. Yesterday everything was in the green soaring you I mean like a young Lauren Hill. But today it's like, it's like old Grant Hill not looking good. And for those that don't know that reference, he played for the Detroit Pistons way back when I was a kid in middle school. I'm just saying. But yeah, check it out. Everything's in the red today. U checking it out for the week everything in the green. Virtually checking that out for the month. Still the bulk of the market in the green and for the year 12 month perspective I'd say probably like 75% green, 25% red and checking out the crypto greed inferior index today is a 75 in greed so we did notch up a bit. Yesterday was a 73, last week at 62 and last month at 73 and checking out the infamous time chain calendar JV block height number 910,025 with 139970 blocks until the having of 2028. And as of today 8-14-2025 you can exchange one fiat monopoly dollar for 850 sats. You should know precisely what to do. You pick up those stats, you put down them gats and you pick up some bitcoin caps. Yeah. Let's dive into today's TA and feature story of the day. Bitcoin drops below 119, 000 after the u. S. Treasury Secretary rules out new bitcoin buys. And this is the story right here as I posted on X. Treasury Secretary Scott Bessant not be buying more bitcoin. They'll hold 15 to 20 billion they already have and confiscate more. So much for that strategic bitcoin reserve promise making Bow Hines resignation look real interesting. As you know, big breaking news. Boheinz just resigned and it was kind of like a mystery. Well, maybe this is something to do with it. Also, can someone run the math? At today's Bitcoin prices, 20 billion doesn't seem to be 200000 Bitcoin which we were led to believe the bitcoins or the US Government's currently holding. This leads me to believe they did offload some of their bitcoin. But again if someone can run the math for me that'd be helpful. I highly respect of course Max and Stacy more so than any other bitcoiners because they've been telling us to buy bitcoin since it was 23 cents. In fact I did a post yesterday with the proof of work from the episode from December of 2010 via the Kaiser Report episode 106 and the clip of Stacy first person looking at the camera on international TV talking about bitcoin and covering the story. So all hail the high priest and Stacy Herbert. But here's what Max Kaiser wrote off the back of the news. Treasury Secretary Besson says u S Government not buying, not going to be buying bitcoin as I have been predicting on spaces. The US Is scared shitless. Bitcoin crushes the US dollar and they're scrambling to work a stable coin olution. I agree 110%. Spoiler alert. It won't work. Only Bukele gets it. There's only one bitco country which would mean that Trump has been gaslighting us the whole time. No different than the Epstein client list. Just saying, when are we going to lock up crooked Hillary for Christ's sake. But anyways, I digress. Max also wrote the US Is now defenseless against a rising bitcoin superpower of individually sovereign hodlers who will opt out of failed American US dollar hegemony policies to move to the global bitcoin hotspots like El Salvador, all hell bitcoin country. Bukele gets it. Can't say Trump gets it. Or maybe they do and they just realize it's going to cut the the throat of the US dollar and so they continue to gaslight us and do what governments do best. And while we're at it, the IMF just saying. But anyways Bitcoin dropped below key support level Thursday today after U.S. treasury and it was right after Scott Besson said the government has no plans to make additional purchases of Bitcoin for its Bitcoin and Digital Asset Reserve. Bitcoin is currently just above 117. It fell below the 120 psychological support after smashing the new all time high on Coinbase which is currently 124, 533. The decline follow Besson's comments in an interview with Fox where he confirmed the government would not buy more bitcoin. We have also started to get into the 21st century a Bitcoin reserve. We're not going to be buying that. We are going to use confiscated assets and continue to build that up. So where do you think they're going to get this confiscated bitcoin from? Hopefully not you because hopefully you're smart enough to self custody your bitcoin and you don't trust the forces of evil because they're con artists. Just land. But anyways, the statement contrasted with President Trump earlier executive order directing the government to develop budget neutral strategies for increasing bitcoin holdings. In fact, in April Bo Hinds, who at the time was a part of the Presidential Council of Advisors for Digital Assets, said the administration was exploring funding options for bitcoin acquisitions, including tariff revenue and a reevaluation of the Treasury's gold certificates. Yeah, we didn't get none of that. And they never even audited Fort Knox. So they just been gaslighting the fort.
- [08:29]
Chris Gethard
Hi, I'm Chris Gethard and I'm very excited to tell you about Beautiful Anonymous, a podcast where I talk to random people on the phone, I tweet out a phone number, thousands of people try to call, talk to one of them. They stay anonymous. I can't hang up. That's all the rules. I never know what's gonna happen. We get serious ones. I've talked with meth dealers on their way to prison. I've talked to people who survived mass shootings, crazy funny ones. I talked to a guy with a goose slap, somebody who dresses up as a pirate on the weekends. I never know what's going to happen. It's a great show. Subscribe today. Beautiful.
- [08:58]
JV
Anonymous out of the you know the US general public here. Thursday's drop came just hours after Bitcoin briefly overtook Google's 2.4 trillion market. It's almost like oh, bitcoin's taking over. How are we going to crash it? Get Scott Bessant on Fox News and we'll crash the market. Don't worry guys. I mean the oldest play in the book but it's kind of crazy but to be expected at the same time because I don't trust my government and you guys know that. In a silver lining into the sentiment dampening statement, Benson did confirm the US does not plan to sell any of its existing bitcoin holdings, but he did admit that they hold between 15 to 20 billion which leads me to believe that's a lot less than 200000 bitcoin. But again someone run that math and when I read comments we'll see where the US Currently has Bessens comments echoed White House AI and crypto czar David Sachs who said a bitcoin reserve would be a digital Fort Knox for the crypto and the U S wouldn't sell any bitcoin it put in the reserve. It will be kept as a store value at least according to David Sachs. Meanwhile, the ballooning U S national debt may spur more investors to look to bitcoin financial properties as store value against persistent inflation as outlined here. Thanks to the one big beautiful act, the debt just officially passed the 37 trillion mark and is most likely going to hit 40 trillion here soon. Can't make this up. Pretty low money. Printer go Burr. Hence bitcoin going up forever. Laura. And if you don't know now you know. But let me know your thoughts and Max Kaiser's feedback. Do you think Max is right? The US Is scared shitless. Bitcoin crushes the US dollar and they're scrambling to work a stablecoin solution fudding the bitcoin crash in the markets and the rest is history. You guys let me know your thoughts and I'll read your comments out loud and we'll also pull up the live charts. We'll do some live chart action. Jackson Satisfaction, Bo Jackson, Tony Braxton for the baddies. Here we go. Checking out. This is the one hour chart Bitcoin just shy of 118000 time at a live stream via Coinbase via Trading View Big cascading candles downwards on the hourly not looking so good. When will the bleeding stop? You let Me know and we'll zoom out get some different looks checking out the four hour we also have three big red descending candles and another fourth descending candle and there's also a super bear target Peter Schiffer brains is smiling at at 91.6 but zooming out from there we'll take a look at the daily daily chart as per coinbase right here do there is a bull flag. This is actually a pretty bullish setup. There's a rising wedge and there's also a bull target sitting at 146 which is a bull flag which you can see on your screen to be precise 146431 awaiting to be printed and as you can see yesterday's gains just got wiped the out with that big ass red candle on the daily unfortunately But I think it's for the better. We'll retest break through and I think we're going to continue to rinse and repeat. Expect more extreme volatility for the rest of this year. I mean it's pretty typical the year preceding the having there's always mass volatility but the silver lining is it's overall to the upside as we continue to hit new all time highs enterprise discovery and here on the weekly chart rising wedgie the only wedgie officially approved by the Fed chairman Nipinator. And you can see last week we got a strong green candle close this week due to today's crash thanks to Scott Besson and the US government Big ass red corrective candle and no particular bull target on screen but there is a super bear target just shy of 86 000. I don't see us correcting sub 100,000 ever again but you guys let me know your thoughts. Taking it one step further checking out the monthly you can see I mean this is bullish and the more we zoom out the more bullish we are hence zoom out when in doubt. 1, 2 3, 4. The month of August which we're halfway through is already printed the fifth consecutive green candle on the monthly chart. I think this bullish momentum is likely to continue. Any losses are very short lived in the bull which we have been witnessing. And you know who knows maybe by tomorrow we can be back at a new all time high. There's just no telling would have constipated Janet Yellen if you know what I'm saying. I got a poo poo in my pants, you feel me? This is was also big news yesterday we got the dub over Google for example Let me share the headline with you here Bitcoin briefly flipped Google's market cap as investors eye rally above 124. Take that Alphabet. That's right. Bitcoin hit the new all time high of124.5 and some change surpassing Apple's or getting closer to Apple's 3.4 trillion market cap. Bitcoin's new all time high led the charge Yesterday surpassing Google's 2.45 trillion which ultimately means the bitcoin market cap also hit a new all time high yesterday before correcting today becoming the fifth largest global asset. Bitcoin's all time high and it's only Wednesday according to Gemini co founder. He posted that on X Tyler Winklevoss triggering a wave of optimistic responses. Now Bitcoin's new milestone has inspired a new wave of optimism as investors now eye a continuation of the price discovery phase which may see Bitcoin surpass Apple's market cap next. Well it yeah, it's next in line. I think Bitcoin is going to surpass all the market caps including gold which is north of 20 trillion. Just a matter of time. Take that Peter Shift Meister. Bitcoin will need to rise above 175,000 per coin. Send it to Flip Apple's current 3.4 trillion market cap which may occur before the end of this month According to the Tap ROP developer Udi Amen at 175,000 Bitcoin flips Apple end of August full Send it Call me Steve will do it bro. Still the 175 price estimate remains modest compared to predictions by Arthur Hayes just blazed Bitmex co founder who has been calling for 250000 before the end of the year and plenty of other bulls have been saying the same. JV has been calling two two two as the bear scenario alongside bring facts and our OG oracle. But you already know bull scenario 1.1 million potentially extended cycle. This may play out 2026. Be on the lookout for the Nipinator indicator, the only Bitcoin indicator with 100 accuracy. Yesterday nip called the all time high. I asked you guys you want to transform this podcast into a pump watch. You guys denied it. Nip NATOR was right. We hit the all time high. You guys missed out is what it is. Bitcoin's new milestone bolster the total crypto market cap above 4.1 trillion for the first time in history. That's the new all time high. The current momentum signals increased institutional capital driven by favorable macro tail winds and growing regulatory clarity. Now the US policy shifts, including the recent past genius act, which is all about the stable coins. Another reason Max is right with what he is preaching. It is not just a wave of speculative enthusiasm. It's the groundwork for the crypto integration into the mainstream portfolios. I personally don't trust these mofos. I think their main intent is ushering in a CBDC in the name of a stable coin. I don't trust them at all. All they do is gaslight us. Whether the signals, the beginning of the multi quarter bull market expansion or the crest before consolidation phase will depend on how well the market absorbed its own momentum. Other industry watchers I'm watching. We're also optimistic about the bitcoin momentum. This is objectively the easiest bitcoin bull run setup of all time. I mean looky here. If that's not bullish, I don't know what is. Meanwhile, 126 is emerging as the next pivotal price to confirm another breakout. As you know, 120 being a psychological mark which will probably break through. Who knows before the end of the day. We'll be on the lookout for the nipinator indicator and the tail of the tape. Another major hack bro. Vietnam Police Bus Billion Dollar Crypto Ponzi Ring behind the Paynet Coin Scam I never even heard of this Paynet scam. Let me know if you've heard of it. Vietnamese authorities dismantled what they described as the country's largest crypto fraud to date, arresting the ringleader and accomplices behind a multi billion dollar Ponzi scheme built around the digital token payment coin with the ticker pay a Y n again. Let me know if you ever heard of that one. I've never even heard of it. The Phu Tho Provincial Police said Monday the suspects lured thousands of victims in Vietnam and overseas into an illegal mlm, as you know, multi level marketing ordeal. Or a Ponzi scheme in this case, allegedly using websites such as fmcpay.com and aff2024.com the group promised investors monthly. Yeah, there's the biggest red flag. Anytime anyone is promising you a return, it's most likely going to be a Ponzi scheme. Like 10 out of 10 times. So in this example they promised monthly returns of 5 to 9%. Then you probably would send in your bitcoin. Like oh yeah, my bitcoin's in self custody earning me nothing. I might as well earn 5 to 10% yield. And then you get scammed, you never get it back. And then they run away with your billions of dollars that's how these Ponzi's work. If you don't know, now you know. Investors identified this guy, Nigen Van Ha, 45 and G lie province as the mastermind. Despite having no formal I T training, he allegedly commissioned developers to to create a P A Y N blockchain, a sophisticated security system and a rewards program designed to appear legitimate. I can only imagine the conversation. Let's design something. It don't really have to be legitimate. It's a Ponzi. But let's make it appear legitimate. Can you do that? Coders? Sure, no problem. Send me two bitcoin, I'll take care of it. But anyways, the scheme also misled participants by CL claiming pay n could be used to book flights and hotels. I guess that was the lore of it being a legitimate product, which tend to all be to build trust, to attract more victims, the group organized lavish seminars. Another red flag. It reminds me of BitConnect. Remember they had the big conference. How'd that guy say? I forgot what the guy said, but that guy Carlos. You know what I'm saying? But at the time of the arrest, money was still flowing into the platform from investors into countries including India and the Philippines. According to to the Vietnamese online newspaper, the police have seized the frozen assets worth 38 million, including cash, foreign currencies and real estate. Remember, everything can be confiscated from the government unless it's properly self custodied bitcoin. But even then, if you committed a crime, they're going to try to confiscate your self custodied wallet. So keep that in mind as well. Briskis, now his deputy Fun Viet Lap and other defendants face charges violating MLM regulations and using electronic networks to appropriate property under the Vietnam penal code. Now the total losses of crypto hacks just in the first half of this year. Two and a half billion dollars. That's insane. And I think this is always going to be a thing because hackers are always looking for honey pots, which are easy ways to access stolen funds. And then the US government will steal it from the thieves. It's a circle. They steal from each other, right? The the thieves steal it from the exchanges or honey pots, or from people not smart enough to realize it's a scam. In this case the crypto Ponzi scheme. And then the US government sees it from the criminals. Then who's going to seize it from the US government? Maybe the lizard, I don't know. But here's the Latest with Trump Jr in the headlines. A Trump Jr tied firm raises 50 million for crypto mining as Bitcoin peaks, hitting the new all time high Now I guess this is Trump Jr. Does that not look like Eric Trump? But then again maybe they look alike. I don't know. But anyways what is that? Thumbs Up Media Corp. The social media marketing turned crypto buying firm, plans to boost the crypto holdings get into the crypto mining after raising 50 million from investors, thumbs up said Wednesday it expands a crypto related strategy to include large scale crypto mining and targeted blockchain investments. The company said it'll use some of the 50 million it raised from a ten dollar per share offering on Tuesday to buy state of the art crypto mining infrastructure and was engaging with mining tech providers to accelerate the build out. The Firm currently holds 19 Bitcoin after buying it for the first time early January, joining the trend of public companies that have bought up cryptos in the hopes of boosting their share price. I mean why else would you buy Bitcoin? Trump Jr. Son of President Trump, bought 350000 shares of the company then valued at nearly 3.3 million according to the regulatory filing, deepening the Trump's family already extensive interest of the crypto industry. And as we covered in yesterday's pod, Trump himself is now like 2.4 billion net worth in crypto which is allegedly half his net worth. But I always believe that oftentimes your true net worth is never exposed. It's always secret but on paper I believe that Trump and his family is worth way more than you could ever possibly imagine. Just like Putin and the other oligarchs you know who are running the world. But anyways, thumbs up plan buys come just as bitcoin climbed to the all time high hit 124,5 and some change yesterday before correcting to the 117 range. Where we're at. Thumbs up said early June or July that in addition to bitcoin it planned to buy up Dogecoin. So they're a coin firm unfortunately. Litecoin, Solana ip. I personally hate Solana, hate Dogecoin as much as I hate Elon Musk. I'll leave it at that because I mean but shares and thumbs up saw 7% gain in the after hours trading on Wednesday after closing the trading day at a loss of nearly 1%. Currently thumbs up Media Corp. Let me know if you ever heard of them. I mean here's a good omen for Chandy if you're watching $10 and 10 cents. That's a 1010 omen that's as divine as the 1111 God frequency. So I mean there you have it now. However, the stock Price did drop 33% when it opened for trading on Monday after announcing it would publicly offer non voting convertible preferred stock. Sounds like the sailor put Bitcoin and Crypto treasury firms have continued to scoop up cryptos despite rising crypto prices. Stockholm based health tech firm H1 Honda Group said Wednesday it purchased 45 bitcoin bringing its total holdings to 809. H100 said it spent an average of under 1.14 Swedish krona which is under 120000 USD per bitcoin currently at a loss. Then it puts H100 as having the 42nd largest bitcoin holding. Bottom line, there's so many bitcoin treasury companies. You have the recent one with Trump's advisor, a bitcoin advisor, David Bailey, he just launched one with like he's making a billion dollar purchase this week. He's been talking about we have Jack Mueller's company that kicked it off with like 42000 Bitcoin, ushering them into like the number two position. You have Pump Liano's Bitcoin treasury company massive. Then you have all these other ones. Then you have the country, nation state, global hash, war adoption, mining companies, sovereign wealth funds which we're going to tap into later. You know out of some international places you got nipinator indicators. I mean macroeconomic insanity next. Story of the day Broskis Baddies here's the latest Samson headline. Bitcoin will either Godzilla up or drop on all Mania According to the Jan3 founder himself, the one and only Samson Mao Bitcoin reached124.5 yesterday in an early trading session. The move added three and a half percent to the asset and then pushed the crypto market cap to the new all time high 4.26 trillion bitcoin OG Samson Mou said there are now two possible paths between and he shared this on X He wrote we Godzilla or Omega up suck all the oxygen out of the room and altcoins drop 30 40% or alt mania peaks triggering a massive sell off of the bag holders dilemma losing equilibrium which would see bitcoin briefly dipping before going up again when the alts tank. The bitcoin maxi couldn't resist having another bash at Ether. Of course we love bashing ether as he compared market caps and said but no matter what it is impossible that Ethereum is worth 46 million Bitcoin before adding this has to correct sooner or later. And I think there's a great point there. Yeah, I mean Mal discussed back holders dilemma earlier in the week when he speculated Ether investors will soon start dumping and rotate back into Bitcoin. He said that it will be challenging for ETH to break the all time high because the closer you reach the psychological level and we were on the cusp, I think the all time high is like 48 and change and we were just at 48 change yesterday. So I don't think we broke it. But we got on the cusp of it so his prediction kind of came true. The same premise doesn't appear to apply to Bitcoin. According to ma, Ether has outperformed Bitcoin by a huge margin over the past 30 days surging 58% while Bitcoin gained 3 and a half percent over the same period. But if you zoom out, Bitcoin's been demolishing ether since 2022 when they switched their protocol and that was the downfall of ETH in my opinion. January CEO also said there'll be more Bitcoin alt. Oh of course. But I think we will see a pullback because the alts are running hot and lo and behold he nailed it. We just pulled back. Once the altcoin mania passes, Bitcoin will take off. This is just how it's always been. Meanwhile, Bitcoin dominance did drop 10% since late June, falling below 60% this week for the first time since January. Also, some industry experts agree that investor interest in Bitcoin may cool with the D5 potentially taking the spotlight. Quoting an analyst here, we believe Ethan Defi assets will continue to outperform here supported by regulatory environment and the tokenization of real world assets and total value locked in. Defi is at a peak and rising quickly fueling D5 revenue as he quoting him here we are entering a new paradigm where Bitcoin is the low beta asset. Its annualized 30 day volatility has collapsed to 23%. How dare you use Bitcoin and beta in the same sentence. We all know Bitcoins, the alpha apex predator Ethereum will forever be the beta. Prove me wrong. Also Director of LVRG Research shared Bitcoin may consolidate near the current levels. Declining dominance and rising alt volume suggests an all season is starting led by its outperformance of speculative inflows into the D5 tokens. And if you don't know, ask the chairman. Now for our next story of the day. Our final feature story here, Norway's sovereign wealth fund funds up indirect Exposure to the BTC in 2025 as the global hash war continues around the world. That's right. Norway Sovereign wealth Fund, the largest state directed wealth fund in the world increase its indirect bitcoin exposure by 192% over the last year. According to the K33. The fund has indirect exposure to 7161 bitcoin through its investment portfolio which includes treasury companies Strategy and Meta Planet and crypto exchange Coinbase. The funds currently hold 11.9 billion Norwegian crone which is 1.2 billion USD. You know, the monopoly money of strategy stock. A 133% increase from last year. Similarly, the fund has increased its Coinbase holdings by over 96% since 2024. Norway's increase in bitcoin holdings reflects the broader trend of sovereign wealth funds gaining indirect exposure through bitcoin investment vehicles and corporate proxies. As the world's first crypto becomes integrated in traditional financial system. Bitcoin the king, the apex predator, the one and only alpha. Right? And again Ethereum is the beta forever. Laura. Just saying. Sovereign wealth fund, estate, pension funds legally mandate managers to invest only in predefined asset classes such as fixed income securities, corporate bonds, equities and others. Because of these restrictions, fund managers who want to invest in the pre low biddy going up forever Laura must gain indirect exposure through the investment vehicle such as an etf. Why? Because that's the only type of bitcoin that the US government can confiscate from you. In which they most likely will do. Warning. But anyways yeah, including all the bitcoin strategy holds. Just saying. All they have to do is create an executive order. Hey. The United States Executive order number number 92707. In the name of national security we need to confiscate all the bitcoin. All they got to do is send one letter to Brian Armstrong and he'll hand over all the bitcoin. Because they're the custodian for all the major asset management giants minus Fidelity who does their own self custody and more power to them for doing that. But they can single handedly steal all of the 600 plus thousand bitcoin by strategy sailors company because Coinbase holds it that they custodian. Same with black rock. Over 700000 Bitcoin swoop stolen. Sorry. Here's the US fiat equivalent. Fiat's worthless. You I mean that's what they're going to do. They're going to do you dirty because we have a dirty you. I mean state I no longer say deep state because the state is the deep state, and clearly Epstein's clients are running this show, and we'll just leave it at that. And don't forget to check out bitcoin news alerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode, Hoddle.