Cliff Notes: THE RICH OWN MOST OF THE BITCOINS
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 13 June 2021
⏱️ 10 minutes
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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
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| 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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