Bitcoin Reaches All-Time High & It’s Just Getting Started (Raoul Pal & Mark Jeftovic)

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At the time of writing, Bitcoin is trading for $68,431.67, up 7.3% in the past 7 days. Bitcoin looks like it's well on its way to, as the Bitcoin ETF (Exchange-Traded Fund) is just starting to show its full power. However, when we look historically at Bitcoin, it has obliterated other indices. When charted against the performance of the NASDAQ and Gold, both have lost 99% of their value dating back to 2011. And to think, most pundits, experts and analysts believe this is only the beginning for Bitcoin. Investor and macro expert Raoul Pal believes we are just getting started. As a guest on the crypto banter podcast, Raoul expressed that the way the ETF works is very slow compared to how many people think… and that we really haven’t seen the effects of the ETF just yet. According to Raoul, none of the institutions are in the mix yet and Bitcoin is still nearing all-time highs. And to that, the millennials and Gen Z can start adding Bitcoin to their for-oh-one K’s every 2 weeks. This is just a matter of time before (probably a short time) before Bitcoin hits that $100,000 ceiling and blows through to unprecedented levels.

UNPRECEDENTED: Most Have NO IDEA What's Happening With Bitcoin | Raoul Pal
https://www.youtube.com/watch?v=LHFTIOUg7eg

Full Interview:
https://www.youtube.com/watch?v=T1EJDJblr38&t=0s

Video 2:

Mark Jeftovic: Bitcoin Is Giving Monetary Power Back To The People
https://rumble.com/v10fsjh-mark-jeftovic-bitcoin-is-giving-monetary-power-back-to-the-people.html

Mark Jeftovic - The Crypto Capitalist - On GETTR
https://gettr.com/user/bombthrower

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Previous Posts on Bitcoin:

Vivek Ramaswamy Lays Out His 'Three Freedoms Of Crypto' Policy Framework
https://rumble.com/v3w5vzk-vivek-ramaswamy-lays-out-his-three-freedoms-of-crypto-policy-framework.html

RFK Jr. Delivers Keynote At Bitcoin 2023: "Totalitarians Hate Anything That They Can't Control"
https://rumble.com/v2pe064-rfk-jr.-delivers-keynote-at-bitcoin-2023-totalitarians-hate-anything-that-t.html

Tulsi Gabbard Delivers Keynote At Bitcoin 2023: How Central Bank Digital Currency Threatens Freedom
https://rumble.com/v2pebn6-tulsi-gabbard-delivers-keynote-at-bitcoin-2023-how-central-bank-digital-cur.html

Efrat Fenigson Interviews Eva Vlaardingerbroek: The Challenges Of Being Dissident Voices
https://rumble.com/v3zupud-efrat-fenigson-interviews-eva-vlaardingerbroek-the-challenges-of-being-diss.html

MUST WATCH: How Bitcoin Saved Truckers From Trudeau's Tyranny
https://rumble.com/vvcnn0-must-watch-how-bitcoin-saved-truckers-from-trudeaus-tyranny.html

Paypal Co-Founder Peter Thiel - Bitcoin Keynote - Bitcoin 2022 Conference
https://rumble.com/v10648s-paypal-co-founder-peter-thiel-bitcoin-keynote-bitcoin-2022-conference.html

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Learn Crypto Today
https://learncrypto.com/

Eleven Free Courses To Learn Bitcoin, Blockchain And Cryptocurrencies
https://www.forbes.com/sites/rogerhuang/2019/08/12/eleven-free-courses-to-learn-bitcoin-blockchain-and-cryptocurrencies/

Bitcoin Artwork
https://sunfellow.com/bitcoin-artwork/

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Videos on my Rumble channel that deal with CBDCs (Central Bank Digital Currencies) and related topics:
https://rumble.com/playlists/cyuwfGV_N0w

Robert F. Kennedy Jr.: When Banks Go Berserk (Part 1 & 2)
https://rumble.com/v495kao-robert-f.-kennedy-jr.-when-banks-go-berserk-part-1-and-2.html

European PM Rob Roos Has 'Very Bad News' About Digital IDs & Central Bank Digital Currencies
https://rumble.com/v3um78f-european-pm-rob-roos-has-very-bad-news-about-digital-ids-and-central-bank-d.html

Laurence Fox: "We're F*cked! This Country Is F*cked!"
https://rumble.com/v3rggv0-laurence-fox-were-fcked-this-country-is-fcked.html

In Preparation For Central Bank Digital Currencies, ATM's & Local Bank Branches Are Disappearing
https://rumble.com/v3qw8eo-in-preparation-for-central-bank-digital-currencies-atms-and-local-bank-bran.html

The Digital Euro Is On The Move (Christine Lagarde, President Of The European Central Bank)
https://rumble.com/v3qff8l-the-digital-euro-is-on-the-move-christine-lagarde-president-of-the-european.html

Freedom Rising In Aurora, Canada (No 15-Minute Cities, No UBI, No CDBC, No Foreign Meddling)
https://rumble.com/v3kuqp8-freedom-rising-in-aurora-canada-no-15-minute-cities-no-ubi-no-cdbc-no-forei.html

Majority Whip Tom Emmer: The Central Bank Digital Currency Anti-Surveillance Data Bill
https://rumble.com/v3hgjn8-majority-whip-tom-emmer-the-central-bank-digital-currency-anti-surveillance.html

Nigel Farage Reacts To Proposals For A Digital ID Card In The European Union
https://rumble.com/v3gzlc6-nigel-farage-reacts-to-proposals-for-a-digital-id-card-in-the-european-unio.html

Republican Presidential Candidate Vivek Ramaswamy On Central Bank Digital Currencies (CBDCs)
https://rumble.com/v3dc8xv-republican-presidential-candidate-vivek-ramaswamy-on-central-bank-digital-c.html

Del Bigtree Interviews Dr. Joseph Mercola About Being Canceled By Chase Bank
https://rumble.com/v34rz1u-del-bigtree-interviews-dr.-joe-mercola-about-being-canceled-by-chase-bank.html

Chinese Big Brother Rubbish Bins Know Who You Are
https://rumble.com/v34h06r-chinese-big-brother-rubbish-bins-know-who-you-are.html

Why Was Dr. Ahmad Malik's @DocAhmadMalik Bank Account Frozen?
https://rumble.com/v33yu1z-why-was-dr.-ahmad-maliks-docahmadmalik-bank-account-frozen.html

JP Morgan Chase Closes Bank Account Of Dr. Joseph Mercola Along With The Personal Accounts Of His Employees And Their Families
https://greenmedinfo.com/blog/chase-bank-shuts-accounts-natural-health-advocate-dr-joesph-mercola-refuses-say-w

Nigel Farage: "We're Going To End Up With A Chinese-Style Social Credit System!"
https://rumble.com/v30r4f2-nigel-farage-were-going-to-end-up-with-a-chinese-style-social-credit-system.html

Tucker Carlson Interviews Florida Governor Ron DeSantis At The Family Leadership Summit
https://rumble.com/v3037yk-tucker-carlson-interviews-florida-governor-ron-desantis-at-the-family-leade.html

Nigel Farage: The Establishment Are Trying To Force Me Out Of The UK By Closing My Bank Accounts
https://rumble.com/v2x65t6-nigel-farage-the-establishment-are-trying-to-force-me-out-of-the-uk-by-clos.html

RFK Jr. Delivers Keynote At Bitcoin 2023: "Totalitarians Hate Anything That They Can't Control"
https://rumble.com/v2pe064-rfk-jr.-delivers-keynote-at-bitcoin-2023-totalitarians-hate-anything-that-t.html

UK Bank Accounts Closed With No Explanation, Bank Of England Pushing Central Bank Digital Currency
https://rumble.com/v2pce5m-uk-bank-accounts-closed-with-no-explanation-bank-of-england-pushing-central.html

Robert F. Kennedy, Jr. On The Danger Of CBDCs (Central Bank Digital Currencies)
https://rumble.com/v2ibduk-robert-f.-kennedy-jr.-on-the-danger-of-cbdcs-central-bank-digital-currencie.html

Glenn Beck Offers Chilling Predictions, Carlson Says Beck "Got It Right" More Than Anyone Else
https://rumble.com/v2fmkps-glenn-beck-offers-chilling-predictions-carlson-says-beck-got-it-right-more-.html

Economic 'Perfect Storm' Could Mean End Of The U.S. Dollar, Raging Inflation, Introduction Of #CBDC
https://rumble.com/v2f3a7a-economic-perfect-storm-could-mean-end-of-the-u.s.-dollar-raging-inflation-i.html

MISSING: Ed Dowd: Emergency Fed Rate Cut By June, Only 6 U.S. Banks Will Be Left By 2025 Paving Way For CBDC
https://rumble.com/v2eskas-ed-dowd-emergency-fed-rate-cut-by-june-only-6-u.s.-banks-will-be-left-by-20.html

What a 15-Minute Community/City Looks Like...
https://rumble.com/v2emdo0-what-a-15-minute-communitycity-looks-like....html

Chris Sky: How 15-Minute Cities, Carbon Allowance, UBI, Digital IDs, CBDCs Lead To Enslavement
https://rumble.com/v2edx0w-chris-sky-how-15-minute-cities-carbon-allowance-ubi-digital-ids-cbdcs-lead-.html

Governor Ron DeSantis: No Central Bank Digital Currency (CBDC) In The Free State Of Florida!
https://rumble.com/v2e0ft2-governor-ron-desantis-no-central-bank-digital-currency-cbdc-in-the-free-sta.html

Ed Dowd: Banks Set Up To Collapse, It's Just A Matter Of Time
https://rumble.com/v2dxl0i-ed-dowd-banks-set-up-to-collapse-its-just-a-matter-of-time.html

Ed Dowd: The Financial Meltdown Is Upon Us. It Is Going To Spread. It Is Beyond Everyone’s Control.
https://rumble.com/v2do6q6-ed-dowd-the-financial-meltdown-is-upon-us.-it-is-going-to-spread.-it-is-bey.html

Senator Lankford Grills Janet Yellen: FDIC Encouraging Big Depositors To Abandon Community Banks
https://rumble.com/v2dl2oi-senator-lankford-grills-janet-yellen-fdic-encouraging-big-depositors-to-aba.html

Bank Seizures Were An Attack On Crypto To Pave The Way For Central Bank Digital Currency!
https://rumble.com/v2d7kf2-kim-iversen-bank-seizures-were-an-attack-on-crypto.html

President Biden Offers Reassurances On Banking Crisis, But Leaves Room Before Answering Questions
https://rumble.com/v2cyhmk-president-biden-offers-reassurances-on-banking-crisis-but-leaves-room-befor.html

Y Combinator CEO On Silicon Valley Bank Collapse: This Is An Extinction Level Event For Startups
https://rumble.com/v2cobdu-y-combinator-ceo-on-silicon-valley-bank-collapse-this-is-an-extinction-leve.html

South Dakota's Governor Vetoes Bill That Would Have Paved The Way For Central Bank Digital Currency
https://rumble.com/v2cl50u-south-dakotas-governor-vetoes-bill-that-would-have-paved-the-way-for-centra.html

Ed Dowd: The Stock Market Is Going To Fall Apart In The Next Week Or Two (Excerpt)
https://rumble.com/v2ad854-ed-dowd-the-stock-market-is-going-to-fall-apart-in-the-next-week-or-two.html

Edward Dowd: The Global Economic Collapse Is Unfolding Before Our Eyes
https://rumble.com/v1iyzw1-edward-dowd-the-global-economic-collapse-is-unfolding-before-our-eyes.html

Related Comment from Michael Krieger @LibertyBlitz:

"Three things are needed to facilitate the rollout of the CBDC [Central Bank Digital Currency] system.

"1) Make holding money in banks feel completely unsafe.

"2) Destroy competitors or make them unattractive as viable alternatives (bitcoin, etc)

"3) Economic collapse then tie welfare to CBDC.

"All are in play."

Biden Is Planning A New Digital Currency. Here's Why You Should Be Very Worried...
https://thehill.com/opinion/finance/599768-biden-is-planning-a-new-digital-currency-heres-why-you-should-be-very-worried

Neil Oliver Interviews Maajid Nawaz About Vaccine Mandates
https://rumble.com/vw9zna-neil-oliver-interviews-maajid-nawaz-about-vaccine-mandates.html

Maajid Nawaz - The Epic Battle Between Centralized And Decentralized Systems
https://rumble.com/vvg5wa-maajid-nawaz-the-epic-battle-between-centralized-and-decentralized-systems.html

MUST WATCH: Joe Rogan Talks With Maajid Nawaz (Episode #1780)
https://rumble.com/vvexre-must-watch-joe-rogan-talks-with-maajid-nawaz-episode-1780.html

Black Mirror: Season 3, Episode 1: Nose Dive
Netflix: https://www.netflix.com/watch/80104627
Amazon: https://amzn.to/48OWOh7
Summary: https://ew.com/recap/black-mirror-season-3-episode-1-nosedive/

Bank Of England Tells Ministers To Intervene On Digital Currency 'Programming'
https://www.msn.com/en-gb/money/other/bank-of-england-tells-ministers-to-intervene-on-digital-currency-programming/ar-AALhtDP

Jamaica, Bahamas And The Caribbean Launch Central Bank Digital Currency
https://greatgameindia.com/central-bank-digital-currency/

MUST WATCH: How Bitcoin Saved Truckers From Trudeau's Tyranny
https://rumble.com/vvcnn0-must-watch-how-bitcoin-saved-truckers-from-trudeaus-tyranny.html

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Twilight Of The Blobs (James Howard Kunstler)
https://jameshowardkunstler.substack.com/p/twilight-of-the-blobs

HG Wells concocted a marvelous trick ending to his classic tale The War of the Worlds (1897). Remember: the colossal Martian tripod "fighting machines" swarm all over the planet zapping cities with "heat rays". . . it looks like all-is-lost . . . but finally the darn things just quit marching, stop zapping, and stand down . . . the alien protoplasms at the controls (surprise ending) turn up dead and rotting inside from the action of our tiny invisible allies: the earth's one-celled, disease-causing bacteria, to which the Martian blob creatures have no immunity!

The Gaian overtones in that story resound today as we Earthlings devise ingenious new methods to wreck terrestrial life, including ourselves. The planet seems to have some teleological drive to save itself, a kind of immune system. Notice: in all the ongoing debates about the wonders and dangers of A-I, and Bitcoin, and suffocating surveillance, nobody ever talks about the sketchy condition of the electric grid that all these worrisome phenomena utterly rely on. In our chatter over Peak Oil, there's little awareness of oil production's utter dependence on steady capital flows. In all the guff about centralized control emitted by Klaus Schwab and his World Economic Forum, there's no mention of the centrifugal forces driving human affairs to re-localization, dis-aggregation of large states, and down-scaling of many activities. In our zeal to become Gods, we miss a lot.

Imagine: Bitcoin shoots up to a million dollars. You're a zillionaire! Uh Oh. . . somewhere outside Zaneseville, Ohio, a squirrel takes a final chaw through some old insulation on a wire coming out of a transformer. His head blows up in a blue arc flash, and in a few seconds all the electricity goes out from Chicago to Boston. It turns out that seventeen substations in ten states have blown relays, transformers, and switchgear. Some of those components were forty years old and are now manufactured twelve thousand miles away in a country that doesn't like us anymore. The replacement parts get held up in a Chinese port. The power doesn't come back on for weeks. Nobody who lives in the eastern USA can get to his Bitcoin wallet, which is just a virtual entity made of computer code residing in a digital "cloud," i.e., nowhere real.

Of course, in an event that bad, a lot of other things would fail — really just about everything that comprises modern life — but for sure you could kiss your Bitcoin goodbye, perhaps forever, because by the time the juice comes back on (if it even does), nobody will ever again want to invest their wealth in digital "money" they can't access, and Bitcoin will go back to whence it came: zero.

Likewise, the financial system we depend on is a gigantic apparatus grown extremely janky from over-elaboration and hyper-complexity — to the degree that all kinds of things denoted as having "moneyness" are simply hallucinations of the markets that trade them. How many quadrillions of dollars do "derivative" financial instruments represent on the landscape of "money" these days? Most of these things amount to little more than bets that some number — an interest rate, a currency, a revenue flow — will change either up or down. That is, they are figments.

Under Modern Monetary Theory (MMT), the evolution of figments can theoretically go on forever. Derivatives can be ever more abstracted from what they purport to represent, until they fly up the system's cloacal vent. MMT has become popular economic dogma, but its theory remains to be substantiated. Since the formula relies on the unlimited "printing" of money by central bank proxies for governments, you might bet that something will go wrong with such a system — and it kind of looks like something is about to go wrong in the system we've built for regulating and distributing capital. And do we need to state what "capital" is? (Real wealth, not figments, wishes, bets, and hallucinations. . . hard things like good land, ore pockets, installed machinery, railroad tracks, and so on. . . .)

Bitcoin has gone "hockey stick" the past month, meaning on a chart the move up looks nearly vertical. Do you know why it's going up? I'll tell you: it's going up . . . because it's going up. People and groups of people (wealth funds, banks) see the up-trend and deduce that Bitcoin is going "to the moon." Meanwhile, they view the tea leaves of the currency scene and see a lot of brown, crumbly debris where there used to be "capital." The money itself is losing its "moneyness" all over the place. The most vulnerable module of the system now is the bond market.

The bond market is based on the idea that borrowed money will be reliably paid back, the key word there being reliably. One crucial condition, though, is that money has to stay "money." People have to regard it as possessing value. And now all kinds of money is visibly losing value. Approaching the $35-trillion mark in our national debt, there is reason to doubt that the USA can plausibly pay off its debt, or even service it anymore — that is, keep paying interest on it. The more money we "print" under MMT, the more value the money loses. The interest rate on the borrowed money has to go up to compensate for that loss of value, and all of a sudden you're borrowing a shit-ton of money to pay the interest on the money you owe, the gross volume of which is only increasing . . . moving rapidly toward critical. . . . Uh-oh.

Many sentient beings viewing the scene warn us that the bond market is liable to blow, and with it most of the other modules in the current MMT-driven system. That will be the magic moment when a big theory gets disproven rather vividly and injuriously. The price of everything will vaporize in a mushroom cloud of malinvestment and when the dust settles — which might take a long time — everything will be priced differently, including many things to zero.

This is the kind of world we're in now, and all this is why I don't worry quite so much about the machinations of the various blobs that have self-assembled to defend their particular special interests while doing harm to many of us: the military-industrial blob, the censorship blob, the fake news blob, the intel blob, the corporate monopoly blob, the medical blob, the central banking blob. The systems we depend on to make all things blobish function are looking pretty ill, like they're not going be working a whole lot longer.

The result will be a beneficial time-out from blobbery. I'll venture to predict that it will be a rather long time-out. A lot of the scary things going on around us, tyrannizing us, stripping our assets and our freedom, will not find their footing easily in the aftermath, perhaps never again. We'll have decades, maybe centuries, to think about the hubris that brought all of that on, and in the meantime, we'll have to live the earthly life as the earth allows and abide with it. And maybe dote on some new dreams of what a perfect world would look like.