Carnage In Crypto Land (Bitcoin Wins Again)
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In this video, I discuss the ongoing carnage in crypto land, as well as how Bitcoin will be the only crypto left standing.
The SEC is seeking to freeze all Binance US assets, while ETH is clearly being grouped with other securities in the Coinbase lawsuit. Expect SEC lawsuits against ADA and ETH in the coming months.
Meanwhile, Gary Gensler was on CNBC saying that we already have a digital currency called the USD. Too bad it is such a bad store of value and has been weaponized as a political cudgel (thus no longer being a neutral global medium of exchange).
Bitcoiners know that it's impossible for Gensler to do to Bitcoin what he's doing to crypto casinos and unregistered securities masquerading as crypto.
State-sponsored attacks on an asset are a part of the free market competition between different forms of money.You might want to pick a money like BTC that can actually survive such an attack.
Not investment advice! Consult a financial advisor.
Coinbase and Cardano Rekt (Breaking News):
https://www.youtube.com/watch?v=Ct8_fGYa2Hc&ab_channel=BitcoinUniversity
Crypto Casino Rekt (Binance):
https://www.youtube.com/watch?v=lk0M2lRm67c&ab_channel=BitcoinUniversity
SEC Seeks Emergency Order to Freeze Binance US Assets:
https://decrypt.co/143621/sec-seeks-emergency-order-to-freeze-binance-us-assets
Bitcoin price commands premium on Binance.US after SEC lawsuit:
https://www.theblock.co/post/233429/bitcoin-price-premium-binance-sec-lawsuit
Hey SEC, Ethereum Is A Security:
https://www.youtube.com/watch?v=jWsZI2j3qCI&ab_channel=BitcoinUniversity
ETH mentioned as a security in the context of staking:
https://twitter.com/samcallah/status/1666065833431539715
Jack Dorsey thinks that ETH is a security:
https://twitter.com/jack/status/1666078896327122946
SEC Chair Gensler: We don't need more digital currency:
https://www.youtube.com/watch?v=VKxXdUvMqAc&ab_channel=CNBCTelevision
USD is a melting ice cube:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg
USD has become a political weapon:
https://www.bloomberg.com/news/articles/2021-08-17/u-s-freezes-nearly-9-5-billion-afghanistan-central-bank-assets?leadSource=uverify%20wall
Fed contemplating CBDCs:
https://www.federalreserve.gov/cbdc-faqs.htm
The race to avoid the war:
https://www.swanbitcoin.com/the-race-to-avoid-the-war/
Flipping The US For Bitcoin (Danger Ahead):
https://www.youtube.com/watch?v=a4kt2CY4idw&ab_channel=BitcoinUniversity
Bitcoin-only companies not getting sued by the SEC:
https://twitter.com/dhruv/status/1666120415004213249
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#crypto
#binance
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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