We got a little bit of billionaire drama surrounding the world of Bitcoin It's getting a little bit heated. these rich people I Guess have nothing else better to do in their life. So they're deciding to now fight with each other and the center of attention is digital gold AKA Bitcoin And in one corner of the fight we have Jamie Diamond This guy's coming in at a weight of 1.9 Billy In the other Corner we have Mr Michael Sailor coming in at a weight of 1.6 Billy Let me give you a little bit more of a framework. a little bit of a history of why these guys are going down to the mat.

I Don't care. just please stop talking about this. He was just in Davos or he might be there now I Don't know, but he's hanging out with the world's Elite and he was on Squawkbox CNBC show and he didn't have the nicest things to say. Listen to him yourself.

Yeah, call. Yeah, so this is an important thing. I Would this is the last time I've ever talk about this in? CNBC Okay, so help me. God Last time is next week we use it.

It's going to move money. It's going to move data. It's efficient. We've been talking about that for 12 years too and it's very small.

Okay, so I think we've wasted too many words in that Cryptocurrencies: There are two types. There's a cryptocurrency which might actually do something. Think if a cryptocurrency has an embedded smart contract in it, and then we can use it. Buy and sell real estate and move data.

that may have value. The idea of tokenizing things, tokenizing things that that you do something with. and then there's one which does nothing I call it the pet Rock the Bitcoin or something like that and literally calling Bitcoin a pet Rock first to 900 billion asset pet rock AML Fraud, anti-money laundering, tax avoidance, sex trafficking. Those are real use cases and you see it being used for hundreds maybe 50 hundred billion dollar a year for that, That is the end use case.

Everything else is people train among themselves so speculate. Yeah now okay now my last statement the last time I ever going talk about Bitcoin is I defend your right to do Bitcoin I think you know it's okay I don't want to tell you what to do So my personal advice was be don't get involved but I don't want to tell anyone of you to do is a free country What do you make? What do you make of black? What do you make of the other firms? the black rocks of the world that that obviously and and L Larry think changed his view of this obviously and maybe he changed his view because you think he genuinely believes in Bitcoin or gen or believed it because he thinks that there's a Marketplace for it and he wants to be part of that market. But what do you think of the there's about a dozen big Financial companies Fidelity included number one I don't care. so just please stop this.

And and there it is. So that's on one side of the billionaire drama. and then this is what kind of got it A little bit worse. if you encounter a strange new quote Unquote asset pet Rock circulating on a blockchain, that quotequote does nothing other than allow people to own something they can quote unquote, trade among themselves without fear of debasement or theft.

You have just discovered digital money Bitcoin Obviously he's kind of fighting back against them cuz he knows those are outlandish, outlandish claims related to Bitcoin. It's one of two things going on. maybe one of three. One, maybe he just doesn't get it.

Maybe he's just a little bit too much of a boomer not understanding it I doubt it cuz like to get to the position he's in, he has to be a smart person. Number two: maybe he's in the pocket of politicians. Maybe he's just a little bit too buddy buddies with the likes of Elizabeth Waren. Option number three is maybe he is the CEO of the world's largest bank which does everything in USD Fat Currency is literally his business, his financial life, his everything to it.

USD He needs USD to be preeminent so maybe he just doesn't want a new currency to become Top Dog those are one of the three options of what's going down of why he's such a Negative Nelly on it and then Michael Saor who's been obviously super positive on it has made him billions and billions and billions as I'm talking about this: Bitcoin trading at 42.6k recently ripped Consolidated breakout. Going into the ETF approval by the rumors sell the news came down but holding support at the 48 EMA kind of just chilling at the previous. like low 40,000 support 42 and some change. So I'm looking for this to hold, maybe a bounce right off the trend line and then obviously upside I want to see a test of 49 in the key psychological level of 50? So yes, if you believe JP Morgan or I shouldn't even say everyone at JP Morgan I should literally just say Jamie Diamond cuz parts of JP Morgan loves it.

There's analysts who are bullish on it. Obviously they're making a lot of money off being AP for some of these actual ETFs like they are adding to the market structure that allows Bitcoin ETFs to even be a thing and yet their CEO is against it. But anyway, yeah, call it a pet rock. but just so you know, it's worth 833 billion as an asset class.

so just want to get some facts and figures out there of the newest billionaire drama this time surrounding obviously Bitcoin I Have a sneaky suspicion that Michael Stiller is going to end up winning this particular fight, but he's not the only well-known rich person talking about crypto I Want to give you another update of what's going on in the world of presidential campaigns? and Trump talking about the Central Bank digital currency. Give it a listen tonight. I'm also making another promise to protect Americans from government tyranny as your president. I Will never allow the creation of a central bank digital currency.

You know about a lot of people are going to like that. So many people. Well, New Hampshire Very smart people. very uh, very current.

You know what they're doing. Such a currency would give a federal government our federal government the absolute control over your money. They could take your money you would. You wouldn't even know it was gone.

Without a doubt they could track every single thing you do if it became a thing because that's the nature of the blockchain and on the ledger. So this a lot of people pointing out how he's already becoming more more buddy buddies with Vivic Ramaswami. cuz this commentary was made right after private meeting with him and Viic has already been saying this and then VI Vic went on I believe Fox News he was talking about he's like yeah, no he was super receptive I explained to him what it was and then instantaneously he was against it because a lot of people are arguing for big government. but the name of time that big government has ever really been better, especially when it's intertwined with money.

Look at the inflation we have right now because of the Fed, and like it's just a debacle of monetary policy and then yet they're trying to sneak in as Central Bank digital currency where obviously it's just more financial surveillance. So just wanted to give you another update some hot commentary from obviously Trump on the world of blockchain currency but specifically the Cbdc and then also just give you the newest drama in the world of Jamie Diamond from JP Morgan and then Michael Sailor the Artist formerly from Micro Strategy that's your old crypto Update: On the day.