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Earn Your Leisure

Cliff Notes: THE RICH OWN MOST OF THE BITCOINS

Earn Your Leisure

iHeartPodcasts

Entrepreneurship, Education, Careers, News, Investing, Business, Business News

4.97.9K Ratings

🗓️ 13 June 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

In this Cliff Notes, Ian talks about the rich owning the majority of the Bitcoins and he also breaks down investing strategies. 


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Transcript

Click on a timestamp to play from that location

0:00.0

So for all of you that love Bitcoin is like, yo, it's going to be a decentralized platform. Look at this

0:06.9

2.14% of accounts on

0:11.2

94% of Bitcoin

0:14.4

To all this hey, we're gonna get off the dollar and we're gonna transfer the Bitcoin to digital currencies and

0:21.6

There was talked even maybe 10 years about the marrow being a dominant force

0:25.1

Listen 65% of Bitcoin my name is done in China

0:30.8

7.24% of the US

0:32.8

6.9% in Russia

0:35.0

6.17% in Kazakhstan the rich own most of the Bitcoin

0:41.4

So if they have controlled the dollar and they control all

0:45.8

currencies and all commodities why do you think that they are going to let us

0:50.6

Control a currency for the first time in history

0:55.0

The game is always the same. They are using us and the media to get us in

1:01.6

So if they need to be able to liquidate it anytime the same way Elon did

1:07.3

There's enough liquidity there where there is not excessive slippage if you own 800,000 coins

1:14.7

At one point we got to get the wincavoss to anything because without them there would be no institutional backing for Bitcoin

1:19.7

They created a blueprint

1:22.2

But they use us retailers for liquidity. Please be mindful of

1:27.2

That and a Bitcoin work country it would be a top 30 energy user

1:31.9

This weekend everybody went crazy. Oh, this is so inefficient in terms of energy

1:36.7

No one was talking about this last year to your prior and to be honest

1:40.3

People do not care about privacy or their environment when they can make profit. That's retail traders included

...

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