NEW IBM REPORT: Bitcoin DRIVING Policy Makers to Act | BANKS WILL LAUNCH COUNTERSTRIKE W/IN 5 YEARS

Why do btc price goes down, as everyday it's demand is increasing? Please explain.

Great update, thanks again! Think banks are eventual toast. This will happen in phases. Governments and banks will begin to issue their own digital fiats, but these will be worthless – they will be used only for mandatory .gov payments. Anyone with half a brain won't get within 10 miles if they can avoid them. Governments will resist by making it mandatory that employers pay in their worthless currency, but eventually, that will fail and people will be paid in non-gov crypto (if we demand it, and we should). Next phase will be crypto consumer loans for cc like transactions, auto and home loans, etc. This may start overseas and this activity will prompt huge outrage by banks and governments, but it will be the end of their monopolies.

Somewhere in time, someone will create a competing ratings agency that offers non-corrupt ratings of equities, bonds, treasuries and cryptos, and they will offer a crypto solution to fortress ownership of those products to solve the rehypothecation problem and to root out corruption that currently exists in the DTCC, all "markets", commodities, derivatives and banks. This will expose/end MASSIVE FRAUD that is raging out of control at the moment. This is what Reggie Middleton was attempting to do with Veritasium, and since he was ANTI-fraud, the fraudulent SEC sued him. At some point either he or someone else will offer a Veri-like crypto that anyone wanting away from the fraudulent system will be able to use, and then the snowball really starts to roll. Once the extent of the rehypothecation fraud becomes widely known, and a solution exists (which it already does), then the old system truly dies and the new system will truly be in place.

In the interim, we will have more choices – people will have to learn what form of money/which crypto is best for what application. Right now we should understand that any crypto made in endless supply may be okay for a quick transaction, but it certainly won't be okay to hold for long periods of time. So, transactional crypto, store of value crypto, and fiat/bank/corporation crypto only for specific purposes. If we wish to further humanity, we will support only decentralized crypto that does not enrich private people or private entities.

They kinda gotta get with the program. No surprise but it's nothing but another way for them to be nosey, and look for taxes . We are gonna miss our old funky dollars here pretty soon

In my opinion this is not a threat to Bitcoin, all this banks what they try to control are the stable coin industry, let's be honest in here until BTC is unreachable in price for thousands of dollars is not gonna get spent for transactions so is not gonna get adopted it people are gonna holder as a savings or retirement and that's where the banks coming in , for the circulating stable coin to get a percentage of the big pie but not for Bitcoin in my opinion.

Canada released yesterday

That's right disruption to the Fiat system

This is a declaration of war by central banks and govorats on "The people of the world"

This will not work. Maybe only in developing countries. Because in some countries not everyone has internet. So how will those people pay for services and goods?

Control if they don't have it they will worm there way to get it banks are all scum

Absolutely love this episode, thanks mate.

Guys see this https://youtu.be/k8itwRmDNpk

Even with CBDC's Bitcoin could be the preferred store of value and rise in price.

The only reason ibm are pushing cbdc is because they want govts around the world to spend billions of dollars on ibm hardware and software.
Cbdcs are rat poison. Almost all current fiat national currencies are digital now.

BTC isn’t going to be used for payments peer-to-peer in the foreseeable future. It’s only hope is for someone to pay more for it than you did. Just a digital gold- store of value. You still need a bank, an exchange and fiat to use BTC. There is a place for that, but to think people who have no money in developing countries are going to buy BTC to send back and forth to each other and not care about its’ sometimes hourly volatility …..??? Let’s keep dreaming ?

This information gives me chills ?. I’m I on my way to becoming rich ?

I think the options on CME will drive the price up on BTC. Investors that aren’t yet comfortable with purchasing crypto directly will continue to use features like options to have some skin in the game. Great video, love the business/political information. ??

What needs to happen is a new world banking system,not a new world currency but a new system which would permanently destroy private sovereign money creation which is disguised as credit. Bitcoin and a few Altcoins could continue as stores of value ,which would primarily help the poor and the rural.

One reason Cash is declining because of incentives like 2% cash back on all purchases and shit like that that these new cards give..

I see nothing from IBM side to say anything alike. Could it be IMFIF said on their own that IBM said such and such ? 🙂

IBM and XLM ?

Banks and government regulators are some pretty powerful institutions. And there are very few powerful nations in the world who have an interest in having their sovereign currencies superseded by Bitcoin. Expect a battle, and don't be surprised if the fear this brings to the market cripples bitcoin and other cryptocurrencies designed to be pure money (BCash, Zcash, monero, litecoin etc.). If the US government outlawed gold, they can outlaw Bitcoin…

I like Bitcoin, I don't Facebook nor Libra.

Libra is empowering Zuckerberg not the people.

I haven't used cash for years and I don't use Cryptocurrency!!! … and Bitcoiners just HODL!

Long Bitcoin, short Rupee.

CME Futures, didn't they launch in 2017 as BTC dumped. CME Options, does this mean they'll be shorting the shit out of BTC. Maybe someone would like to explain how CME will be good for Bitcoin ?

Anything paper btc is a bad idea. Unfortunately its gonna double and inevitably lead to fractional reserves, which is about the worst thing imaginable for btc

India is singlehandedly proving to their citizens why they should buy bitcoin.

Hello. CME is bad idea, but I still do not understand how something which is not bitcoin settled can move price of bitcoin on spot exchanges.

Good morning Aaron and Austin. Another great video and info. Thanks.

Reserve bank of Australia secretly bailing out Banks, dig into what’s happening with Australian banks you’ll find interesting things happening right here in Australia. Thought jus share this with yous…

Bitcoin's DECENTRALISATION is its MAJOR FLAW!!! Here's one reason why…

There are many instancies where shared access to financial resources is necessary … for example, you hold joint funds, or you run a business and the accounts department and payroll need to access funds.

In a world where Bitcoin was the currency used it is possible for a person that has access to funds to move those funds to another account from which they can not be recovered.

For example, a bad employee or your partner could simply transfer any Bitcoin they have access to into an account that they control. If they refuse to return the Bitcoin there is nothing you can do about it!

They may may blackmail you or just go to jail and the Bitcoin will still be there when they get out. In the meantime the company they stole from, or their partner, will go bankrupt and their is NOTHING the legal system can do to get their Bitcoin back!

You could even be a victim of fraud or make an error to a wrong account … your Bitcoin are gone! You could lose your life savings in one transaction!

This is why Bitcoin is the choice of fraudsters. This is a MASSIVE defect that has no place in any currency system!

is this the same great IBM that did NOT notice Microsoft coming up in the older days, please…..?

I thought Bitcoin is apart of the e-wallet

Futures, options, derivatives, etc…a big negative for BTC. They can toy with prices up and down at their whim! Just like they do gold and silver. They throw paper contracts (not actual metals) many times 1 to 100 or higher to manipulate prices…they will be able to throw unlimited amounts of this ‘stuff’ at BTC, to drive the prices which ever they deem best for smart money…this is why BTC, and crypto’s will no longer be a buy and hold…must follow the crumbs of smart money…in and out…to survive!! Game over for hodlers

Aaaallll riiight !

Isn't Stellar working with IBM?

All banks are going digial to remove cash so they go into negative interest rates!!

Bitcoin has already made monetary control impossible. It will be much bigger than it is now. Buy long term and hold.

Gold backed digital currency is the Elites answer to crypto. This is in the right direction to counter crypto, there would be no need for crypto if we were never taken off the gold standard. I hope BTC will break through I really wish it will

Cash is in low use due to cash bans.

CME is a big problem remember two years ago this old CME man saying „we will tame Bitcoin“and what happens!?I see them very Negative in Bitcoin space.Criminal Spectacular number One

Lebanon is also having banking issues. Same for a few smaller banks in China, one of which was already bailed out two months ago.

Long bitcoin, short the banks.

CBDC’s (digital fiat) are completely different from fully decentralized BTC! It’s not gonna affect crypto currencies. On the contrary, it will cause only greater demand for cryptos!!!

I don't think the banked issued coins are a threat to BTC… They will no doubt be stable in value and linked to the govt, of course. totally different entities imo

I think that in 5-10 years, we are going to look back and regret not extinguishing the modern day banking system completely and incarcerating the criminals that run the system. The Sheeple are weak!

Thx Austin! So many signs that we are moving in the right direction to our decentralized future.

India forces the public to use banks and bans cash then lets the rich plunder the accounts with no government bank guareentee