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Bitcoin News Alerts | Daily BTC News

1097: THE U.S. WILL WEAPONIZE THE DOLLAR BY BACKING IT WITH BITCOIN!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 7 November 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

The United States government is likely to back the dollar with Bitcoin in order to protect its status as issuer of the global reserve currency, according to crypto analyst Luke Mikic. "I outlined why I believe the volatility of Bitcoin will continue to increase from here as it travels through $500,000, $1 million and even $5 million per coin. I think BTC will still be too volatile to use as a true unit of account until it breaches eight figures in today’s dollars — or once it absorbs 30% of the world’s wealth." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.8

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0:29.8

In today's show, we're going to be discussing the five things to watch out for in the Bitcoin

0:33.6

market this week, including funding rates hitting a six-month high before the CPI,

0:39.1

as well as some drama on crypto Twitter between Sam Bankman-Fried and the BinanCE CEO, CZ,

0:44.8

as Binance to liquidate its entire FTX token holdings after the recent revelations,

0:50.9

quoting CZ here, liquidating our FTT is just post exit risk management learning from Luna we gave support before but we won't pretend to make love after divorce we are not against anyone but we won't support people who lobby against other industry players behind their backs onwards Samried. Just saying, and quoting the one and only

1:11.8

Max Geiser, Bitcoin has left the ovary of our collective unconsciousness and is now traveling

1:17.1

through our collective cognitive uterus on its way to the global rebirth of our species

1:21.9

as Bitcoin beings. Let's go. Also in today's show, Solana erases its Google Rally gains, but a 50% Solana price recovery

1:30.4

is still in play. I'll be breaking down the latest Solana technical analysis. Also in today's show,

1:35.6

Polygon witnesses a sharp drop in supply as Maddox disappears from the exchanges and is pumping

1:41.1

like a mofo. I'll be breaking down the latest from Crypto Insights firm,

1:44.9

Santiment. Also in today's show, Vitalik Buterin reveals a new phase in the Ethereum roadmap called

1:50.6

the scourge. That's right. The remaining milestones of the Ethereum roadmap consist of the surge,

1:56.0

the scourge, the verge, the purge, and the splurge. You can't make this stuff up, folks.

2:01.8

Also in today's show,

2:06.5

the United States will weaponize the dollar by backing it with Bitcoin. According to this crypto analyst, the United States government is likely to back the dollar with Bitcoin in order

2:11.6

to protect its status as an issuer of the global reserve currency. That's right,

2:16.1

quoting the analysts here, I believe the volatility

2:18.2

of Bitcoin will continue to increase from here as it travels through $500,000, $1 million, and even

2:24.2

$5 million per coin. I think Bitcoin will still be volatile to use as a true unit of account

...

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