The Government Is Worried Bitcoin Will SQUEEZE!
The Matt Kohrs Show
Sponsors & Affiliates
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
⇒ Streetbeat Robot Trading (FREE Month w/ Code MATT): https://bit.ly/AICopilot
⇒ SpotGamma Options (FREE 2 Weeks w/ Code KOHRS): https://bit.ly/SGKohrs
⇒ Apex Prop Trading (Discount w/ Code TPBMGLUS): https://bit.ly/ApexKohrs
⇒ Top Charting Software: https://bit.ly/GoonieCharts
⇒ My Trading PC (Use Code GOONIE): https://bit.ly/GooniePC
⇒ Options Picker: https://bit.ly/Tiblio
Socials
⇒ Rumble: https://rumble.com/c/MattKohrs
⇒ Twitter: https://twitter.com/matt_kohrs
⇒ Instagram: https://www.instagram.com/matt_kohrs
#Bitcoin #Ethereum #Solana #BTC #ETH #SOL #JamieDimon #ShortSqueeze
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
The Matt Kohrs Show
Sponsors & Affiliates
⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
⇒ Streetbeat Robot Trading (FREE Month w/ Code MATT): https://bit.ly/AICopilot
⇒ SpotGamma Options (FREE 2 Weeks w/ Code KOHRS): https://bit.ly/SGKohrs
⇒ Apex Prop Trading (Discount w/ Code TPBMGLUS): https://bit.ly/ApexKohrs
⇒ Top Charting Software: https://bit.ly/GoonieCharts
⇒ My Trading PC (Use Code GOONIE): https://bit.ly/GooniePC
⇒ Options Picker: https://bit.ly/Tiblio
Socials
⇒ Rumble: https://rumble.com/c/MattKohrs
⇒ Twitter: https://twitter.com/matt_kohrs
⇒ Instagram: https://www.instagram.com/matt_kohrs
#Bitcoin #Ethereum #Solana #BTC #ETH #SOL #JamieDimon #ShortSqueeze
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Here's the big Crypto: AKA Bitcoin news y might have missed and the CEO of JP Morgan Mr Jamie Diamond the leader of the world's largest bank said some absolutely ridiculous asinine things related to Old Digital Gold AKA BTC I Just want you to know Bitcoin Obviously ripping right now. Market Cap 850 57 Billy We just covered it recently, but the Shorts people betting against crypto. A lot of the cryptos are blowing out a bunch of money. This week alone, the Bitcoin shorts have been liquidated to the tune of just under $200 million and the reason that's happening is because we are now on a 1, 2, 3, 4, 5, 6, 7, 8 week win streak holding above.
40K My next major Target in the short term is 48k. Let's see how that does or doesn't play out. Discussion between the SEC and Spot: Bitcoin issuers have advanced to key technical details according to Reuters Which means that yes, the probability that Bloomberg analysts keep calling out to all of us of the 90% that they think a spot Bitcoin ETF will be approved in early 2024, seems like it's now even higher than 90% So I think within the next couple weeks we're going to have some very, very exciting news. and on that announcement, I am expecting Crypto to go a bit Haywire That's very positive news.
and then we have a bit of ridiculous news. So once again, Jamie Diamond The leader of the world's biggest bank who obviously he's not going to be supportive of Crypto, why would he? His business model is based on the Fiat currency of the US dollar. So of course he's not going to be supporting something that takes away from him in terms of power and also financially. JB Diamond Lashes out against Crypto if I was the government I'd close it down.
This was in the Banking Committee meeting yesterday and give it a listen. I've always been deeply opposed to Crypto Bitcoin Etc You pointed out the only true use case for it is criminals, drug traffickers, anti-money Laing Tax avoidance and that is a use case. Uh, because it is somewhat Anonymous not fully and because you can move money instantaneously and because it doesn't go through. As you mentioned, all these systems have built up over many years nor your customer sanctions.
ofac it's they can get bypass all of that I If I was the governments I'd close it down If I was the government I would close it down. He's talking his own book. He doesn't want cryptocurrency to become more popular than the USD because it takes away from him financially and also in terms of power. But what he said there? it's just for Crime.
You know that a lot of crime is funded by the US dollar as well. like I I Just don't think that's a good argument whatsoever. In fact, it kind of makes me want to rip my hair out like what do you mean? A lot of evil things in this world. Illegal, illicit, nefarious things is funded by the US dollar and yet no one's saying we should get rid of the US dollar.
No Crypto has a lot of use cases. The first that comes to mind is a wellknown monetary policy system. Right now, we don't know what the Fed's going to do. They might Jack things up. They might bring it down, might be quantitative easing, might be quantitative tightening, and on top of that, they're humans. They're not perfect, but you know what is perfect. the opsource code surrounding Bitcoin where everyone knows what's going down. And it's on that particular note that I dug into some recent commentary from Jamie Diamond to just kind of show that I think he knows what's going on.
but I think he's really on a public Persona hasab buy into this brand of being against Bitcoin to the point that he will say literally ludicrous things. So this was back in October of 2021. So this is from a couple years ago. Jamie Diamond The CEO of the largest US bank took another jab at Bitcoin Bulls alleging that the cryptocurrency may not be limited in quantity.
Yes, I know your jaws on the ground because anyone who studied what's going on with Bitcoin knows that that's actually feasibly impossible. But here's his exact quote: I'll just challenge the group to one other thing. How do you know it ends at 21 million? You all read the algorithms. You guys all believe that I don't know I've just always been a skeptic of stuff like that.
Yeah, no. literally you could read the algorithm. It's open source. Any of us right now could go to Bitcoin source code and yes, see that there is in fact a ceiling at 21 million.
This is a ludicrous statement of a Per. Like he's just verifiably wrong. This isn't subjective, this is very much objective. We can all go see the code and we also will all know if the code were to change, which it's not going to.
But yes, hard ceiling at 21 million. That's how it works. So this concept of you guys believe the algorithm. uh yeah, no, cuz that's how it works verifiably so.
I just want to share that little bit crazy. And then the final thing is this is from a couple days ago. Obviously huge, huge supporter of Bitcoin and crypto as a whole, but he was on CNBC and I just thought it was an interesting discussion. The Sailor question is how much of it becomes part of the quotequote financial system and does it? Is he suggesting that there has to be a payments element or an actual transaction element but he was saying gold, You weren't saying a payment.
If it became part of the payment system, it could be much bigger. Well, but it also if it became part this goes back to can it really part of the payment system and have actual and continue to increase? Because as we we've discussed a million times, if it keeps increasing, nobody's ever going to use it I Think a lot of people when it comes to Bitcoin, they want to focus on the on a relative basis, the slow transaction time. Well, there is things built on top of Bitcoin that use Bitcoin and speed it up. So I think that's a bit of an uninformed argument. Obviously those are my own thoughts and opinions and if you have a good comeback to that, please let me know. But right now, in the short and in the long term I see a lot of enthusiasm I see a lot of momentum and the more you dive into the world of the government monetary policy. and the FED Yeah, there's a very, very strong argument to be made that there has to be a store of value elsewhere outside of the dollar. Historically that's been gold and gold has its own pros and cons such as Bitcoin But I think that they can both exist I think they can coexist and the more I Personally look into this.
It's really just leads me down the path of frustration, realizing how insane our Central Bank is how ridiculous our monetary policy is. and I don't really trust in these quote unquote powers to be the big brother to like ensure my value and the value of my asset. Cuz really, if you look at the past 100 years the past Century there's nothing but dollarization. We're seeing the devaluation of the dollar and now dollarization in Russia China But that's a whole different thing anyway.
we are seeing the devaluation of the dollar. So if you're sitting in USD you're losing value. And that's why people go to things like gold. And right now just because Bitcoin's like quote unquote the new kit on the Block There's a lot of people arguing against it, but I Personally think it's here to stay.
He's a boomer….he mad 😂
The world is a better place with this video
Great Video, Merv
NONE OF USA CAN BAN CRYPTO Amendment XIV – Section 1 – No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
CRYPTO IS FREEDOM OR SPEECH AND FREEDOM OF FINANCIAL LIBERTY
USA ISNT SLAVES OF THE US DOLLAR CENTRAL BANKING SYSTEM
BANKS DONT OWN US
ONLY CONGRESS CAN REGULATE ALL CRYPTO COMMERCE BUT CANT VIOLATE ANY RIGHT OF THE 14th Amendment
Article I, Section 8, Clause 3:
[The Congress shall have Power . . . ] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; . . .
The Court has interpreted “regulate” in the Commerce Clause as Congress’s power to prescribe conditions and rules for commercial transactions, keep channels of commerce open, and regulate prices and terms of sale. In Gibbons v. Ogden, Chief Justice John Marshall discussed Congress’s authority to “regulate,” stating:
It is the power to regulate; that is, to prescribe the rule by which commerce is to be governed. This power, like all others vested in congress, is complete in itself, may be exercised to its utmost extent, and acknowledges no limitations, other than are prescribed in the constitution . . . If, as has always been understood, the sovereignty of congress, though limited to specified objects, is plenary as to those objects, the power over commerce with foreign nations, and among the several states, is vested in Congress as absolutely as it would be in a single government, having in its constitution the same restrictions on the exercise of the power as are found in the constitution of the United States.
Similarly, in Brooks v. United States, the Court explained “regulate,” observing:
Congress can certainly regulate interstate commerce to the extent of forbidding and punishing the use of such commerce as an agency to promote immorality, dishonesty, or the spread of any evil or harm to the people of other states from the state of origin. In doing this, it is merely exercising the police power, for the benefit of the public, within the field of interstate commerce.
In upholding a federal statute prohibiting shipping goods made with child labor in interstate commerce in order to extirpate child labor rather than bar intrinsically harmful goods, the Court said: “It is no objection to the assertion of the power to regulate commerce that its exercise is attended by the same incidents which attend the exercise of the police power of the states.” Congress has also used its Commerce Clause power to enforce moral codes, to ban racial discrimination in public accommodations, and to protect the public from danger. Consequently, Congress’s power to regulate interstate commerce is among its most potent Article I, Section 8 powers.
THE MORE BANKS LIKE JP MORGAN ATTACK CRYPTO THE MORE POWERFUL BITCOIN AND US CRYPTO FREEDOM AND US CRYPTO LIBERTY BECOMES
14th AMENDMENT Section 4.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Amendment XIV Section 1.
All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
Section 3.
No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.
The fix for the transaction time on Bitcoin is not using it for payments. It's a "store of value" like gold. Bitcoin has no use case at all. But XRP is primed for payments just because of the speed of the Ripple Network. All you have to do is buy some XRP is move it to a "cold wallet" to see the speed. I transferred 25,000 XRP from Coinbase to my Ledger Wallet, and the whole transaction time was 2 seconds using the Ripple Network. Plus no gas fees at all for the move. This is why my portfolio has far more XRP than BTC. Bought 25 Bitcoins in 2010, and have just held on to them. Feel extremely lucky that the value has gone up so much., But I know where I'm putting my money right now, XRP. I buy XRP every week right now. XRP in the next 5 years compared to now is going to be insane. Probably will out pace BTC by a mile over the next 2 years. There have been some talks about a XRP ETF also. That will be huge along with a crap ton of Banks around the world using the Ripple Network for cross border payments. Also Western Union is will using Ripple for their payments, over 300 Banks in Africa, not to mention US Banks once the lawsuit with the SEC is finalized. Hopefully before the end of the month. SEC does not want this to goto Discovery in January like is planned right now. The parties involved will settle this before them. And all this happening BEFORE the Bull Run and BTC halving that happening on April 23, 2024. My advice right now……BUY BUY BUY BUY BUY BUY BUY as much as you can.
But…. Jamie Dimon funded that creepy island.
😂😂😂😂
Trust the government
Or
Trust a computer,
There's no question…a computer hands down. The government sucks.
Great video duckboy !
What if the government made Bitcoin? Think about it…. You think some random dude made it…😂😂😂
He's been bashing Bitcoin forever… At the same time he's buying it…. No doubt
Dogecoin ftw
The crypto market has been unfavorable for Mouths and I keep losing my money by selling it during downturns. I'm very scared of holding it at the moment. How do you still manage to earn so much ❤❤
Great video!
>Great content. Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC. More emphasis should be put into day trading as it is ^less affected by the unpredictable nature of the market. I have made over 6 btc from day trading with Derrick Walter insights and signals. this is one of the best medium to backup your assets incase it goes bearish..
With Bitcoin everything is possible. Fast transaction infrastructure has existed since the beginning. It is called the Bitcoin channel. The best solution for Bitcoin is the Drivechain native Bitcoin L2 platform.
👋🏼