Thanks for the Stamp Seed discount. I have been wanting to get something EXACTLY like this for 8 years, living in fear of a fire that would burn my recorded Seed Phrase.
The obvious trade! Bitcoin! In my opinion, we got so many factors that point the same direction, congress, ETF, SBR, and 4th year of green candle!!! Let's go!!!!
Imagine living in the day and age where we can have people like Jeff, who is working for an asset manager, to join us and talk bitcoin. I love the internet, great episode ser!
Like, subscribe & trigger the UA-cam algorithm folks by commenting and sharing these Bitcoin videos with everyone you know! GET THE BTC msg out there! 🙏😄
Separating store of value from its ability to transact is very dangerous. Think about what it actually means if you can’t transact your BTC without using a third-party. You would lose almost all of BTC’s property rights. Relying on third parties to transact creates bottlenecks and re-introduces the whole banking world that we have today(but even worse now that it’s all on one ledger). Build Defi on bitcoin for trustless, scalable programability, or you lose the bitcoin that we have and cherish today. Bitcoin is a program so build on it and scale it. Don’t hand over your hope and financial sovereignty.
I'm not separating it, Bitcoin is/has both. I am just seeing that in terms of adoption, the SoV narrative is more appealing and valuable before people will use it as a MoE
@@bramk I was referring to Jeff’s point about Bitcoin being more of a reserve asset than a currency or way of transacting. And while I agree many people think this way, I believe it’s the wrong way to look at BTC. And the longer it takes for people to realize this, the more likely BTC becomes consolidated into things like ETFs and tradfi becoming bottlenecks for BTC and its actual utility. At that point POW doesn’t matter nearly as much when people are no longer custodying or using their BTC without having to rely on centralized 3rd parties.
@@TravisTrades @bramk Centralized 3rd parties involved doesn't centralize BTC itself. I do not see the danger at all. In the long run, people will embrace self custody anyway. Right now "3rd parties" - who or whatever they might be - just help to promote and adopt bitcoin.
@ it doesn’t affect the bitcoin network but it does affect all the bitcoin involved. When you use 3rd parties you are giving up your BTC and its property rights. If we aren’t building out the infrastructure for BTC to be used without third parties then the only other option is to depend on them for their services.
@@mikewielee7027 Not to mention the amount of leverage on the price of BTC these 3rd party institutions will have through through ability to short/long these ETFs. By suppression of price they will cause less adoption, and smaller adoption will in the end weaken the network.
I think it would be more accurate to call it a demand-shock, where a large corporate institution places a buy order than cannot be filled by the people with current open sell orders and so the price skyrockets until new sellers are drawn in and normal price action resumes at a higher level. We saw one last november when the price from 70k to 90k in a week. This drew sellers in the price stabilized and has traded in the 90-108k range since. My understanding is that some players like microstrategy try to structure their market buys to slowly draw in as many buyers at the current price. And of course buying whatever is available OTC to since that also has a more gradual impact on price. As more big competing players enter the market, the less profitable it becomes to spread buys across a longer time frame since it means you are giving your competitors the chance to act first and buy cheaper. On the supply side, the faster bitcoin grows per day, the fewer people will be willing to dump their coins instead of waiting a little longer which reinforces the pattern until the demand is met and new sellers stop buying.
Isn't self custody a better form of saving BTC and Stacking Says? Your commercial for the wallet that has three companies holding a person's Bitcoin seems to be counter to that end, especially with the added financial tools that sound like more risk, than holding.
A reserve asset for what though? I dont see how we keep the dollar with a constantly ballooning Bitcoin reserve without stopping the use of US dollars? Bitcoin would just need to become the money. Anyone have thoughts on this?
They don’t want to know about bitcoin because they can see that it doesn’t pay what a private money manager or an annuity pays them in fees. These people aren’t idiots. They are pretty smart but they are motivated by fees from clients that have made them rich. But their gravy train is coming to an end.
This is true and fair - I've been one since 1997. Our hands are still tied, however, because few, if any, crypto and/or BTC-related products are approved by compliance for solicitation. Hopefully this will change because getting paid based on market value of these would motivate us to pitch this stuff.
Saying bitcoin will be just a reserve asset is like saying when electricity was invented that it's just a digital candle. And it shows how little one understands bitcoin.
51:35 "US has the most to lose in adopting btc as reserve asset" Wouldn't the US have the most to gain by moving towards a system with btc as neutral reserve asset alongside treasuries in order to mitigate and eventually solve Triffin Dilemma?
That is so true! Older generations, over 60 group, if they are depending on Soc Sec to see them through, they will have to depend on resentful services to help them survive. Unless they have family willing to help them. Bitcoin is a nice option for older folks to hang on to and ultimately pass on value that would have been eaten up by living their life in some comfort
Doesn't the fed or the treasury or somebody require ETFs to own a certain amount of treasuries in their portfolios? Just removing that requirement. Would free up funds that those fund managers would probably love to allocate it somewhere else...ANYWHERE else
"1 Bitcoin is 1 Bitcoin". Yeah sure. Same goes for Apple shares, or anything else when compared to only itself. 1 Apple share will always be 1 Apple share when compared with itself. It's pretty useless in practical sense though. And don't come at me with share dilution etc., cause then you're talking about multiple shares, no longer 1 share.
Tell me how Blackrock centralizing BTC adoption and price manipulation is a deterrent for BTC true adoption. Stop repeating the same old unicorn and butterflies BS!
@@bramkIf you ask anyone who understands the price of physical silver, they will tell you that Silver ETFs, settled in USD, are shorted by big players, such as JPMorgan to suppress the price of the real asset. And they greatly succeeded in doing that. Blackrock by placing shorts on the price of Bitcoin ETF, which they essentially own, could suppress the price of real BTC, killing the interest of popular adoption. Please address this risk with your guests.
@@bramkIf you ask anyone who understands the silver price, they will tell you that Silver ETFs, settled in USD, are shorted by big players, such as JPMorgan to suppress the price of the real asset. Blackrock placing shorts on the price of Bitcoin ETF could suppress the price of real BTC, killing the interest of popular adoption. Please address this risk with your guests.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I found this conversation with Jeff Park from Bitwise super insightful! Let me know what you think below? 👇
Jeff Park is another Example of The Movement and Power of Bitcoin.
Great Episode Bram. You always bring in the Best ❤
Thanks for the Stamp Seed discount. I have been wanting to get something EXACTLY like this for 8 years, living in fear of a fire that would burn my recorded Seed Phrase.
@ lfg!
The obvious trade! Bitcoin! In my opinion, we got so many factors that point the same direction, congress, ETF, SBR, and 4th year of green candle!!! Let's go!!!!
Thanks!
Welcome! Happy you enjoyed it
Amazing interview. Making me think of things (“conventional wisdom”) in completely different ways.
Glad you enjoyed it! Consider subscribing if you haven’t yet? 🙏🧡
Imagine living in the day and age where we can have people like Jeff, who is working for an asset manager, to join us and talk bitcoin. I love the internet, great episode ser!
I like to imagine unicorns and rainbows too.... And hot chicks😊
thanks! happy you found it valuable
Are you that new to Bitcoin? Do you still have respect for people because they are "working for an asset manager"?
Good talk, though
been here since 2017. In comparison to you I seem to be recognizing reality. @@BTCarnivoreParaguay
@@BTCarnivoreParaguaylooks like you didn't understand me recognizing how far we've come.
Like, subscribe & trigger the UA-cam algorithm folks by commenting and sharing these Bitcoin videos with everyone you know! GET THE BTC msg out there! 🙏😄
Here we Go. This should be a Great Podcast. ❤
🙏
agree with his thesis. I saw btc as automated banking. what banking? it's an alternative to central banking. this is implied by block size.
💪🫡🤝
Excellent podcast as usual. Keep up the good work.
Much appreciated! Happy you enjoy it.
Separating store of value from its ability to transact is very dangerous. Think about what it actually means if you can’t transact your BTC without using a third-party. You would lose almost all of BTC’s property rights. Relying on third parties to transact creates bottlenecks and re-introduces the whole banking world that we have today(but even worse now that it’s all on one ledger). Build Defi on bitcoin for trustless, scalable programability, or you lose the bitcoin that we have and cherish today. Bitcoin is a program so build on it and scale it. Don’t hand over your hope and financial sovereignty.
I'm not separating it, Bitcoin is/has both. I am just seeing that in terms of adoption, the SoV narrative is more appealing and valuable before people will use it as a MoE
@@bramk I was referring to Jeff’s point about Bitcoin being more of a reserve asset than a currency or way of transacting. And while I agree many people think this way, I believe it’s the wrong way to look at BTC. And the longer it takes for people to realize this, the more likely BTC becomes consolidated into things like ETFs and tradfi becoming bottlenecks for BTC and its actual utility. At that point POW doesn’t matter nearly as much when people are no longer custodying or using their BTC without having to rely on centralized 3rd parties.
@@TravisTrades @bramk Centralized 3rd parties involved doesn't centralize BTC itself. I do not see the danger at all. In the long run, people will embrace self custody anyway. Right now "3rd parties" - who or whatever they might be - just help to promote and adopt bitcoin.
@ it doesn’t affect the bitcoin network but it does affect all the bitcoin involved. When you use 3rd parties you are giving up your BTC and its property rights. If we aren’t building out the infrastructure for BTC to be used without third parties then the only other option is to depend on them for their services.
@@mikewielee7027 Not to mention the amount of leverage on the price of BTC these 3rd party institutions will have through through ability to short/long these ETFs. By suppression of price they will cause less adoption, and smaller adoption will in the end weaken the network.
Your material is so potent, Bram. Episode after episode, you're delivering the goods.Thank you, brother 💪💪
I appreciate that!
Powerful guest ! Thank you, great listen.
Thanks for sharing! Happy you found it valuable. Consider subscribing if you haven't yet? 🧡🙏
Jeff is a really smart guy. Looking forward to absorbing this one
I think it would be more accurate to call it a demand-shock, where a large corporate institution places a buy order than cannot be filled by the people with current open sell orders and so the price skyrockets until new sellers are drawn in and normal price action resumes at a higher level. We saw one last november when the price from 70k to 90k in a week. This drew sellers in the price stabilized and has traded in the 90-108k range since.
My understanding is that some players like microstrategy try to structure their market buys to slowly draw in as many buyers at the current price. And of course buying whatever is available OTC to since that also has a more gradual impact on price. As more big competing players enter the market, the less profitable it becomes to spread buys across a longer time frame since it means you are giving your competitors the chance to act first and buy cheaper.
On the supply side, the faster bitcoin grows per day, the fewer people will be willing to dump their coins instead of waiting a little longer which reinforces the pattern until the demand is met and new sellers stop buying.
good point
Bitcoin is the reflection of physical reality . And gold is physical reality .Completely different beast!!!
same type of manifestation imo
Isn't self custody a better form of saving BTC and Stacking Says?
Your commercial for the wallet that has three companies holding a person's Bitcoin seems to be counter to that end, especially with the added financial tools that sound like more risk, than holding.
A reserve asset for what though? I dont see how we keep the dollar with a constantly ballooning Bitcoin reserve without stopping the use of US dollars? Bitcoin would just need to become the money. Anyone have thoughts on this?
They don’t want to know about bitcoin because they can see that it doesn’t pay what a private money manager or an annuity pays them in fees. These people aren’t idiots. They are pretty smart but they are motivated by fees from clients that have made them rich. But their gravy train is coming to an end.
yes!
This is true and fair - I've been one since 1997. Our hands are still tied, however, because few, if any, crypto and/or BTC-related products are approved by compliance for solicitation. Hopefully this will change because getting paid based on market value of these would motivate us to pitch this stuff.
Saying bitcoin will be just a reserve asset is like saying when electricity was invented that it's just a digital candle. And it shows how little one understands bitcoin.
Nicely done on the new specs!
Do I look smarter yet?
51:35 "US has the most to lose in adopting btc as reserve asset"
Wouldn't the US have the most to gain by moving towards a system with btc as neutral reserve asset alongside treasuries in order to mitigate and eventually solve Triffin Dilemma?
Yes I would agree with you but it is very intricate
That is so true! Older generations, over 60 group, if they are depending on Soc Sec to see them through, they will have to depend on resentful services to help them survive. Unless they have family willing to help them. Bitcoin is a nice option for older folks to hang on to and ultimately pass on value that would have been eaten up by living their life in some comfort
Well said!
Doesn't the fed or the treasury or somebody require ETFs to own a certain amount of treasuries in their portfolios?
Just removing that requirement. Would free up funds that those fund managers would probably love to allocate it somewhere else...ANYWHERE else
Great show. Excellent conversation. Many thanks guys! Go BTC 🧡🧡🧡
Happy you enjoy it!
No, mathematics is a reflection of reality, and you almost can't rub 2 sticks together without it... gold bums need to catch up
Bitcoin is still too foreign to the masses😢
That is why we need to keep talking about it!
"1 Bitcoin is 1 Bitcoin". Yeah sure. Same goes for Apple shares, or anything else when compared to only itself. 1 Apple share will always be 1 Apple share when compared with itself. It's pretty useless in practical sense though.
And don't come at me with share dilution etc., cause then you're talking about multiple shares, no longer 1 share.
Nope, listen again ;)
He sounds very orange pilled! Gave me some new things to think about.
he is! Happy you found this conversation valuable
Tell me how Blackrock centralizing BTC adoption and price manipulation is a deterrent for BTC true adoption. Stop repeating the same old unicorn and butterflies BS!
Please explain how they centralize BTC adoption
@@bramkIf you ask anyone who understands the price of physical silver, they will tell you that Silver ETFs, settled in USD, are shorted by big players, such as JPMorgan to suppress the price of the real asset. And they greatly succeeded in doing that. Blackrock by placing shorts on the price of Bitcoin ETF, which they essentially own, could suppress the price of real BTC, killing the interest of popular adoption. Please address this risk with your guests.
@@bramkIf you ask anyone who understands the silver price, they will tell you that Silver ETFs, settled in USD, are shorted by big players, such as JPMorgan to suppress the price of the real asset. Blackrock placing shorts on the price of Bitcoin ETF could suppress the price of real BTC, killing the interest of popular adoption. Please address this risk with your guests.
@@bramk By shorting silver ETFs, the banksters keeping the price of physical silver down. What's preventing them from doing the same thing with BTC?
@@user-45674xcfr absolute verifiable digital scarcity