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Bitcoin News Alerts | Daily BTC News

1286: ADAM BACK: Hyperbitcoinization Coming, As Bitcoin Wholecoiners Hit 1 Million!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 19 May 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back, CEO and co-founder of Bitcoin firm Blockstream, making a case for “hyperbitcoinization” soon to come. "because 10mil people trying to buy 1 BTC over a few years would push the price out of reach. And many current hodlers are not selling. Eg very few of the recent whole coiners would re-sell, probably moving up to their next target for extra bitcoin, most are trying to buy more!" Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.1

In today's show, the Bitcoin price retests key support as Fed rate hike fears steal 27,000.

0:37.2

That's right. In breaking news just in, U.S. presidential

0:39.4

candidate Robert Kennedy Jr. says everybody is so passionate about Bitcoin, not just because

0:44.1

it's a currency, but because it's an exercise in democracy. Also, Indonesian governor says he

0:49.5

wants to bring more Bitcoin mining into the country, quoting him here. Bitcoin mining

0:53.6

is helping to create an

0:54.7

affordable price of energy. That's right. Also quoting Max Kaiser, Gary is right. Everything not Bitcoin

1:00.7

is a security, including Eith and XRP. He also goes on to share that the world is facing a global

1:05.9

margin call. Very few banks will survive and most fiat wealth will get wiped out by bitcoin touche also in today's show

1:13.5

we'll be discussing the u.s debt deal to trigger a one trillion dollar liquidity crunch warrants

1:19.1

analysts as well as texas proof of reserve bill passes through the senate let's go we'll also be

...

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