Watch Crypto exec explain how to best regulate Bitcoin
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- Опубліковано 7 гру 2021
- At a congressional hearing on the future of digital assets, Bitfury CEO Brian Brooks explains his views on regulation and how it should work within the crypto industry.
- Наука та технологія
Investing in crypto now is really cool especially with the current rise now.
3 months later... aha
am winning consistently trading with Mr Adrian calebfx Brayden
I wanted to get started on crypto trading, who is the best trader to contact.
Now I'm even scared of anything
concerning Investlng .but a lot of people are
earning from it. What am I doing wrong?.
but where are the more credible sources to learn about Forex trading?
Mr. Brooks did us all a service today. Good man
Legend!
@Jesus is Lord hopefully soon
? how he says we should still regulate crypto but it is inherently anonymous, or can be. So it’s built to be unregulated and that’s the point. The traditional bank system runs the world and crypto is a threat to that power structure. They and their politicians need us poor and stupid.
@Jesus is Lord You are ;)
Ahh, when the crooks are in control .n see how a decentralized asset can limit or extinguish there control of the system they developed for there crooked ways to flourish. They want to regulate/ limit/ destroy the new system .or create the illusion they embrace a small portion n massage the public narrative as to were they can continue there manipulation of the system!
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this guy is so good he makes me wanna watch the entire 5 hour long congressional hearing
Same thought 😂
I watched it live, and it was shockingly great. Congress was more well informed than I thought possible with their questions and comments.
I was thinking the exact same thing!!! That just proves how much knowledge he has, he is able to explain it like he was teaching the ABC's lol
@@MikeHowles Yeah, this is mostly due to the fact that Crypto has gained enough money to start lobbying for itself, you are essentially becoming the very thing you set out not to be... It is just now that the large corporations and big money has bought in, so it is finally in their interest to pump it up by supporting it :)
And all the small investors that want it to stay "unregulated" because that is most likely to increase your money without the underlying asset actually providing value :)
Watched the whole thing and it was worth it
Thank God we have somebody competent like Mr Brooks representing us crypto holders.
Best free representation we're ever going to get!
can you imagine a max keiser type trying to explain it hahahahahahaha
Thank god someone intelligent is capable of pumping my bags
@A. F. Your centense had a funny twice meaning there:
"..representing US crypto holders." 😁
@@jusaharju And your sentence has a funny mistake in it : Centense
This man is an excellent communicator, takes complex subjects and simplifies them in such a way that even Congress should be able to understand them.
Should heheh key word here
This man is smart
"even Congress" is such a derogatory term... but still so true, so nobody should be surprised.
yes that is why he was chosen wonder how many people he spoke about this before he got to this congress meeting. probably lots of talks!
If congress is that dumb they should not be making our laws
Mr. Brooks is really sharp
So well spoken
Couldn't agree more
If Mr Brooks taught me in high school I am sure I would have ended up an astronaut. He makes complex matters sound simple and easy to understand
Probably a crypto miner :P
Super job....this guy is a great rep for crypto
Brian Brooks for president, he did so much for crypto during his tenure as the former Head of the OCC. luv the guy 👊🏿
He forgot to mention how 80% of people lose money in Crypto. I been in this market since 2013. This space need harder regulations so many people got wrecked in 2017 and it's going to happen again in 2022. I remember so many people buying alt coins (crap coins) trying to make it rich only to lose it all. My suggestion only place money in Bitcoin and maybe Ethereum that's it.
@@2311ification how ? If you look into the top 10 cryptocurrency’s they all grew ? Of course if you are new and you invest without knowledge you lose money but that’s the same with stocks ( for example GameStop )
@@diastonabeatz944 To many Hype Channel on UA-cam with crypto, the worst offender is Alt Coin Daily. Always have dumb tiles like "Start buying the dip" or "How many Cardano should I buy to become a Millionaire". It just sucks if your listing to these Morons especially if you're new.
BROOKS 2024.
GET THIS OUT THERE!!!
ace q you want UA-cam channels regulated? It’s financial entertainment, not financial advice.
Beautifully and eloquently said. Much respect to Mr Brooks.
Funny how CNET references him "Crypto exec" but fails to mention that he was the past Comptroller of the Currency of the United States....
woooooowwwww.....the plot thickens!!! I love it
I see the dots where it lead to
protect mr brooks at all cost!
It's so fascinating to listen to a man who know exactly his domain and how he explains it simply.
This man will change peoples minds, no cap. Perfectly explained, making it look super easy. Hands down to Mr. Brooks. Thank you sir. You will change lives. Remember this comment.
no cappppp
@@imansammy lol I love the mockery, no cap is such a stupid phrase
@@X11CHASE Why so? Would you explain why is it such a stupid phrase?
@@justinhardt1 Thank you, Justin. English is not my mother tongue, saw it online, thought it is alright to use, apparently it is not. Lesson learned. Thank you and stay safe :)
@@X11CHASE it’s only stupid cause u don’t understand
Brooks was OUTSTANDING: Clear and concise. I also admired his restraint from sayin that Gensler is a puppet of the bank cartel.
Dude they all are.. do you really think they are going allow crypto projects that aren't controled by "centralized" banks in the future....
Good job Mr. Brooks! We accept regulation, as it protects us from market manipulation, but we also don't want to be limited on the way we trade.
@@scottrusty5804 wow that's bad! Any examples?
mr brooks switched on so confident and well spoken
Mr. Brooks is my favorite CEO from now on.
At the very least, I now grasp the concept of leverage.
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To be honest before this video i didn't know who Mr.Brooks was huge respect to him, he spoke for all of us today.
same 😂
Brian Brooks is a very smart guy who is extremely knowledgeable on financial systems, laws and the bureaucracy behind all of it.
Brian understands cryptocurrencies and the technical side of them, as well, he has a tremendous ability to explain things in layman terms, so that ordinary people that do not understand, can grasp the technology and it's use cases.
Brian is VERY important to the success of Digital Assets and Cryptocurrencies in the US, we need him out there talking to Washington DC every chance we can get, otherwise the US will get left behind.
Oh sure ±①⑤⓪⑧②⑥②①③⑥⓪
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@@yusifkulema7062 SCAM BOT !
@@yusifkulema7062 SCAM BOT !
Mr. Brooks is a "rock star". Great at simplifying complex issues for the Congress.
Points so very well defined, clearly put and well toned. If there needs any regulation, it should be a regulation on the SEC
:D:D:D:D
LOL! Indeed they have too much power that seems like they can interpret the laws. Example, they can decide BTC/ETH is not securities but XRP is.
1:26
"So we're behind the curve?"
"unquestionably"
awkward silence at the truth
*INVESTING IN FOREX NOW SHOULD BE IN EVERY WISE INDIVIDUAL'S LIST, IN SOME MONTHS TIME YOU WILL BE ECSTATIC WITH THE DECISION YOU MADE TODAY.*
I totally agree with you, the Forex market is the most profitable venture I ever invest in,
I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
Yeah you're right one needs diversify to have different streams of income,
Diversifying is the best key to investing being wealthy
Well I've been an investor in forex trading,,,,,and I can say it's really profiting
My goodness, I could not have stumbled into this better than Forrest Gump. This was my first peek into cryptocurrency and this man is a real gem. He explained a complex operation in understandable terms and a real champion for the consumer. He needs to be heavily relied upon, give him a full staff lol.
Where has Mr. Brooks been all our lives? Spot on!
Mr. Brooks certainly knows what he’s talking about. What an eloquent individual
Good lord. This man is doing gods work
He is not a messenger, just a normal human being.
Thank you Brooks for bringing the Congress to the 21st century after 20 years.
Literally bro haha. Its not like congress is dumb, they hear him speak and im sure they can tell that there is a huge future here
[Great video really. Also i agree with your opinion, For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. For a start you need a good and experienced hand to guide you. Trust me, trading isn't difficult as we see it. With the right Signals and guide, you can earn hugely monthly.
You're right! I have lost alot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. I actually don't mind paying.
That's sad. i totally understand. i actually lost too at the early stage and then i had someone to manage my account and i watched his strategy and how he does it.
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Mr. Brooks is an amazing explainer.
2:57 "...a step function improvement..." This is a nice descriptor. Anyone who wanted to know where you were going to use Algebra 2? Here it is! I like this guy and the panel.
Reading about people grabbing multi-figures monthly as income in investment even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated...
I've been making passive income monthly from crypto! Tho' I prefer trading with the help of a professional broker because it saves time and reduces the risk if losses in trading
Who's your broker and how to connect her?
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All in all, a great meeting. Glad things went so smoothly and hopefully changes can be made to create a nourishing space for web 3 development.
Tommy if you dont mind enlightening me what is web3 in your mind and where/what should i be throwing my capital an technical skills at in that space, thanks
Well u should be aiming to a decentralized UA-cam killer, since this thing so censored now.
Are we behind ? .. unquestionably.
🤣
What's his full name? Gotta protect this man at all cost
Brian Brooks
The tony stark of the crypto avengers
haha ure funny af :D
LMAO Bouta camp in front of his house and stand guard!
@@yeaa7152 Facts 😂
if i had Mr. Brooks as my teacher, man i would never miss a classs
Months and months of reading and trying to understand crypto, and this guy just did it in 5 mins. Wow I wished I could explain complex ideas in the way he could, probably save me a few quarrels and arguments.
Mr. Brooks is GENIOUS and very humble and intelligent!!!! I loved his speach!!!!! More people like Mr. Brooks !!
Mr. Brooks speaks continuously without any breaks as if it is a memorized script !! It is astonishing because that is just live flow of thoughts...
Brian Brooks is an absolute savage holy crap. he explains everything so well and clearly.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated
You have to have an idea on what you wanna invest in carefully before going in
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This man right here,I trade with him he’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of him
US Gov: *"So we're behind the curve?"*
BTC: *_"Unquestionably."_*
[1:27]
He’s making it real to those who haven’t seen it’s potential yet. This is a great service he did for millions of people who believe in a better future that is more efficient and fair to all for as well as cutting the middleman who blocks the freedom of speech, business and social. This is about to change millions of people’s life to the better. Salute!
for the better lol it will collapse the world as we know it if we all adopted to bitcoin .. there will be chaos and no order anymore...
Im still really confused about what crypto is and how the block chain works etc. Do you happen to have any texts or references to refer to that might help?
@@gurusheat3506 Actually It would be great because there would be no inflation and no cancer rulers printing money to win elections and save their favorite corpo anymore.
This was beautiful. Everything about his explanation was great.
Mr Budd have right questions and
Haters just going to hate crypto
If crypto is risky, well so is life and everything else in it. Without risk life is nothing.
Bingo👍🏻we think of not taking risks for whatever reason without thinking that not taking risk is actually the biggest risk
I learned more from this guy. Kudos to this young man!
Brian Brooks is 50 something years old. Far from a young man lol
@@mazdaspeedrx8 maybe the commetor is 70
@@mazdaspeedrx8 im 65 young blood
Dude deserves a standing O for that. That’s the clearest and most concise I’ve ever heard someone speak!
Thumps up Mr. Brooks. Following this one very closely from Germany. Best luck to all of you.
Thanks blessed man, thanks for fighting crypto in us!we need more people like him
Brian Brooks was awesome here. Love the knock on Gensler!
Nice content. To me, trading the forex and crypto market is way better than any online investment💯
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"We have a regulatory system - let's use it."
i like this guy Mr. Brooks
Thank you Mr. Brooks for representing the crypto world in front of these vultures.
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Who's this professional, everyone is talking about? I always see her post on top comment on every UA-cam video i watched.
Mr. Brooks is extremely eloquent. We are lucky to have him on that panel.
The man is super eloquent. Good choice to explain stuff.
Consumers shouldn't invest in any investment they don't understand, doesn't matter if it's in stocks or crypto. The Government should focus on audits so they can ensure projects are not being developed to just grab the cash and pull the rug but they shouldn't start regulating left and right. People are scared of crypto because it's volatile af and can't wrap their head around a digital currency that didn't require a bank to exchange
We don’t need the government for anything just do your own research and use your own money with your decision
We are not scare if crypto, we are scare the government trying control crypto like banks .
The government shouldn't determine that. It's up to you as an investor to do your own research and take the risk. The government doesn't even know the difference between pow or pos. You're asking them to do too much that they don't understand.
Problem is that even the best investors are just basically gambling better than worse investors. There is no clear cut line where one "knows" or "understands" the market. Proof of knowledge of the market is the money you make in it, and no knowledge can actually reliably protect you.
There is a great joke in Crypto about monkeys and supergeniuses making the same excellent bets while the average 'thinking' investors gets screwed. Its because sometimes gut instinct is right purely because of the force of population. And the supergenius can analyze this in along with other factors. Whereas the monkey minded man will just smash buy because he can see no wrong. Both are proven correct by profits.
Even if the middle intelligent guy (for the example) had a great financial education. If he misjudges signs or gets unlucky he will lose everything.
The only sure defense is a disclaimer because the overly confident will always screw themselves, and the extremely intelligent will always make mistakes. As for education i ALWAYS tell people, spend about a half year (minimum) on youtube, 3 hours a day, listening to crypto videos, following crypto whale and influencer accounts and using small trading accounts to get accustomed to real trading, withdrawals and transfers and to test and learn investment strategies in the oven.
Oh my God I love this guy! Really dumbing things down yet telling it like it is! WOW. This man must be protected at all costs!
Yeah I wouldn't be surprised if this guy would get 'mysteriously' assassinated. Lots of old people on the wrong side of ethics with money have a lot to lose from this guy
@@maxk880 the genie is out of the bottle anyways imo
I love that minor pause at 1:30 after Brook said "Unquestionably" lol
Mr.Brooks, I can't be happier hearing you speak, you represent us all, thank you!
Regulation is necessary. Many crypto exchanges have popped up in the last year and the way they function is arbitrary. There needs to be a set of regulations for these exchanges to protect the retail investors.
Many different coins have popped up in the market that are either totally a scam or don't have a limit on the number of tokens.
You obviously cannot regulate P2P given the nature of the transactions.
The underlying Blockchain technology should be embraced by the governments worldwide. Crypto currency is just a small part of what Blockchain can power in the future. You should set up regulations for exchanges & new assets or you can limit the legality of different coins as assets.
Nonetheless, really good times ahead.
Mr. Budd sees that crypto is the future. Good to see at least one official thinking of how we can improve as a nation.
Mr brooks' voice and the way of talkin is clearer than water
Wow. Such a simple explanation finally. Thanks Mr. Brooks.
Thank goodness for this guy. He’s good at what he does me we need him right now.
These congressional hearings uphold my faith in the American system. The fact that they even let him speak in front of government officials is undervalued. China's cold and calculating ruling party marches forward, but at the cost of public and open dialogue like this. One day, it could be the end of them.
The way Mr. Brooks speaks is an art form.
@Susan Karen Doing well. How are you?
Bitcoin doesn't need regulation....The US Congress and Senate need it !
im a developer myself i would argue that blockchain technology is the future itself not the crypto. we are still in a development some may take advantage of it. so i would say still other asset class like stocks and bonds are still the best way to trade in.
Blockchain is going to be a digital universe. Crypto is the financial sector.
@@DerrickHistory there are some components that may occur or other factors that is not yet studied. it may take 5 to 10yrs for it to make it perfect i think thats the minimum requirement but its still depends. there are still some vulnerabilities that may become error in the future when it comes to cryptos so i would say cryptos is not optimized yet.
I watched the whole thing. This guy killed it through and through. Him and the Coinbase spokeswoman should've taken all the questions.
The things u said after 3 mins was the best ive heard. Its always good to hear how things started with whats popular now.
Great job Mr. Brooks. This is great steps ahead of US regulations regarding Bitcoin
We need to pay attention to who we vote for moving forward. Some politicians are very prone to wanting to regulate cryptocurrency, while others understand the importance of keeping crypto as deregulated as possible.
exceptional job to the gentlemen
“So we are behind the curve” he seem shocked that he didn’t know that. Mr. Brooks is awesome, people fear change. Technology is our future, you do fear it, you embrace it for human survival.
We are sincerely blessed Mr Brooks stepped up and didn't sugar coat anything, he continually threw Gensler under the bus. Its astonishing how many congressman have a bone to pick with SEC especially Gensler. This guy is extremely well respected, they were eager to talk with him.
Just a fantastic day for crypto!!!
And he mentioned XRP Baby!!!!
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HELLO, I'M NEW TO CRPTO AND FOREX TRADING AND I HAVE BEEN MAKING HUGE LOSES TRADING ON MY OWN BUT RECENTLY I SEE A LOT OF PEOPLE EARNING FROM IT. CAN SOMEONE PLEASE GIVE ME A NEW STRATEGY OR AT LEAST TELL ME WHAT I'M DOING WRONG?
That's true most people today have been having a lot of failure in Forex and crypto sector because of poor orientation and bad experts
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This guy makes these points with clarity and class and its obviously someone who needs to be listened too.
Feels like I can listen to Mr. Brook talking about crypto all day!!!
He’s an amazing speaker. He’s not trying to used any complicated vocabulary. He’s just going straight to the point.
Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only things is to know where to focus.
Wow buddy, that’s more than a mouthful of profit you’re making. How do you achieve this feat consistently? You must be a genius in trading.
@@villasave3806 Anyway not actually, what I know about trading almost borders on zilch lol. Make huge profits on my investment since I started investing with Mrs Nora Robert her trading strategies are top notch coupled with the little commission she charges on her trade.
@@blessedblem2051 Really are you giving her your money or coin?
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@@blessedblem2051 Wow what a coincidence you invested with Mrs Nora Robert also? My bi- weekly trading Returns is $26,600.
Nicely done Mr. Brooks! Bravo.
Amazing Brooks..
Folks, these kind of People are the ones that should be Representing you in Congress..
This is going to be good for the whole World!
Damn that’s nicely said
@Wilda Jesenovec You're right! I have lost alot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. I actually don't mind paying
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This Brooks guy is a great speaker. He makes things easy to understand.
Good guy Mr. Brooks! Great way of explaining it
its the name that scares them crypto. should have named them friend coins
People Coin
@@KolkmanKoen yes people coin money for the people
This man is great
I love watching people model appropriate communication between others. Your message is lost if you raise your tone. This was phenomenal.
What a profound answer Mr. Brooks.Well said!
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Hello, I'm new to Biticon trade and I've been makin losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong
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clapping my hands for eternity with the Mr Brooks explaining
Where's teh full video? i wanna watch this.