anare not going to mine asteroid of bitcoin anytime soon. no one can print bitcoin.edictable and people are flocking to it for that reason. romaine: we did see the price of bitcoin as well as some other assets hold up here in the downturn. i wonder where you see this going. some folks have used bitcoin and cryptocurrencies as speculative vehicles. there was always this promise that we would see more of a utilitarian nature to the use of crypto. do you still see that happening? jesse: absolutely. long-term, i think you will see bitcoin surpass gold as a store of value. just like gold, you don't need to have physical bitcoin. you don't need to transfer it on the blockchain. you have these layer two solutions, like with cash. not everyone is moving cash around in physical form and not everyone will move bitcoin around on the blockchain. i think it becomes much easier over time as we build out these tools for people to use and interact with bitcoin. pretty soon, all of the technology behind bitcoin will disappear and it will be like the u.s. dollar where not everyone und

ridge they can opt into bitcoin and that's true for you know maybe it's millennia old and the younger generation who are already more comfortable in the digital realm anyway more naturally amenable to digital assets like bitcoin i do see that as a huge trend in kind of them starting to and will continue to a greater degree to reclaim some of that leverage in the discussion and say hey i know that you said i'm signed up for this but let's talk about it because i've got this bitcoin thing and you can just a different me speaking of defunding how about defunding mainstream financial press you know we live in an era where hurts remarkably bankrupt companies trying to float a $1000000000.00 worth of stock and chesapeake energy and other bankrupt company is becoming braced by day traders on various stock trading apps and the mainstream media and think is are when it comes to hurts this is obviously a fraudulent move on the part of hurts i worked on wall street for many years this is fraud they're selling bogus worthless paper hoping to go directly into the pockets of the creditors but at th

having all of that proof work and unforgivable costliness in bitcoins base layer to build on top of right i love that phrase that complexity faster that's really interesting you know getting back to you because now so that one of the core value propositions something that's not talked about enough is that for the 1st time in history we're separating state from money right up until pickle and this was not only a pa you know it was a concern of possible basically but now it is possible it has such a profound impact on society at large all over the world and there is talk about bitcoin replacing the dollar as rolled reserve currency what's the timing seems good because. reserve currencies usually last about 100 years time the u.s. dollars time is up do you say because i am becoming kind of. this world a world reserve currency and kind of a string in a whole new era of state less money i do indeed i think big point is going to destroy currencies the dollar is the strongest be our currency but i think ultimately the fact that big point exists makes the whole nation state paradigm includi

doesn't talk about it and doesn't frame it that way but if you hold your wealth in something like bitcoin that is scarce that they cannot print more of and you effectively opt out of that tax and doing so is beagle in a lot of people are calling for defunding the police you're saying why stop there why not defund the pentagon right the pentagon one and a half to $1.00 trillion dollars of our tax money and over half the taxes are out of the pentagon and they start wars without any approval and that family wars of convenience as they're noun simply to keep the defense contractors you know flush right there's no point to it than profit sharing and so with bitcoin it's a way to define the pentagon and you know i still a lot of. kind of a spinoff from black lives matter now you've got several groups in the black community saying you know we can opt out of the american system completely with bitcoin are they right they are right they're absolutely right you can for the 1st time in our lifetimes there is a practical way to opt out and escape from underneath that system. back in 1930 you know gol

and now this is exactly what you've done my question is could the same thing happen for bitcoin where other states see your success in this hyper and deflationary necessity as the federal government paper money collapses the states and by the way in the constitution i believe it says this only the states can create money the states take it upon themselves to preserve america tyler what do you think yeah absolutely that's not going to home run and that's exactly what we're chasing down it's all about economic development it's our it's all about making sure there's a safe spot a lab for these companies and also an area that they can flourish and so as states realize that their currency is being devalued and the purchasing power is going in the toilet i think there's going to be a lot of a lot of state governments and a lot of it maybe even smaller governments that start turning towards different types of assets to protect their well and just like individuals have done and so wyoming is definitely leading the way and they're in that caused by but it's important to remember that we are no

reserve dot com titled bitcoin a bold american future we're going to get into it but 1st connor thanks for coming on thank you so much for having an accessory to be here so you've read some interesting things here so how is big coin and matter of national security let's get into that a little bit connor please certainly so national security can be broken down to a couple different elements but the ones i focus on here is energy independence and the ability or a nation to have its you know control of its own money. and i think that 1st energy independence decline is is very important because it can sort of reignite our energy sector are seeing a lot of issues in the energy sector receive a bunch of malinvestment you know a bunch of. energy companies that aren't necessarily as profitable as certain you know price of oil and so it coined by my own accord instead with that natural gas and this sort of digital i ply you can actually get much more money out of your oil and natural gas and you can also take things such as nothing and the sorts of excess parts of the production process and you

and so this censorship resistant sort of thing is starting to play out in the bitcoin domain because you know the self sovereignty from a nation has always been gold you accumulate gold and then what happened in the past year or 2 when venezuela wanted their gold from the bank of england note we're going to censor that you don't get it back and arguing here i'm not going to debate anything about my darrow or what you want to argue about him this is about just the like remove the name and just has to get rid of over your you know any sort of partisan spin or ideological spin or hatriot or anything like that pushed by a cable news just think of any country a country a had some gold held in country b. which was a big you know giant economy that stores a lot of gold bank of england and they refused to give it back so now this country a venezuela is looking for a solution to how to get hard money because obviously their currency the bowl of r. is not hard at all it is crumbling right so here you have a remarkable thing is venezuela tried their own crypto currency there's a bad name for it

beginning of the pyramid scheme you know and the black eyes matter protests they're talking about bitcoin as an alternative for the financial system that had 0 press them for so long and in terms of this censorship however we're seeing it move to the nation state so we have here they covered the fact that in catalonia so that catalonians want their independence or some of them do and the e.u. is basically censoring their ability to raise funds in your o's and use the banking system for what they deemed an illegal referendum so they mentioned that organizations such as the catalonia government were using bequeathing to finance and fund independence referendums declared illegal after it was and that acted the spanish government alleged that the catalonia movement was using bitcoin to hide its expenses but it would have made little sense in any case to conduct financial transactions with the ledger of trust that constitutes to the spanish and european financial system that was going to smash the catalonian referendum right so catalonia spend long stammering separatist movement and we have th

jackson he is the author of this book that is a literally on fire all over america bitcoin and black america isaiah welcome back to the kaiser report. but this is an awesome moment in the history of bitcoin because we've got coast to coast protest out there black lives matter movement is gaining enormous traction and a lot of people in the crowds are holding up a big sign that says because in a black america by isaiah jackson read this book. tell us how you feel about all of what's going on i say and honestly it's only because it's organic it's really the people doing it i didn't want to write it i didn't pay any protest. because it was on so it literally was just people so you can picture send it to me and this is where set a scene is new jersey raleigh north carolina london the site of this international now is very promising so good to see and i'm glad people are focusing on the economics they come after the smoke clears and of course you know i have a long history with big point as a matter of fact i page 12 it's mentioned that a notable white man named max kaiser was basically t

i told joe wiesenthal the 5 bitcoin under $10.00 he started gaslighting immediately ok let's move back to this in the seventy's strap in the 4th turning because this is the way bigger story here and and they exorbitant privilege that went in this generational shift here because the federal reserve balance sheet could reach 9 trillion dollars this is according to the financial times again just like bloomberg so this is the world they know and understand and they have they have received privilege from it so you see again from the beginning with the 4th turning 2007. barely anything on the fed's balance sheet then the crisis hit in 2008 and you see the injustice of bankers getting bailed out the rest of the economy getting nothing and now we're up here we've just soared to 7 trillion and they're expecting it to soar by another 2 trillion so within this theme of a generational battle vs. geo political battle between a rise in power and a fall in power and the exorbitant privilege of the us dollar which has maintained these in the power structure as it is that's disintegrating in my opinion

as digital payment giant pay pal is reportedly looking at whether or not to offer direct sales of bitcoin and other cryptocurrency to more than 300000 w3cw users globally through its mobile subsidiary then mild some reports indicate that this service could be available in the next 3 months or even sooner joining us now to discuss arbusto host ben swan and kristie i ben i want to actually start with you here how big of a push was this give kryptos currencies like bitcoin. yeah if you want to know how big it's going to be it goes back to right now when you had a little bit of a pause there when you almost said 300000 had to correct it 300000000 users using pay-pal worldwide that's how big this is on we're talking about the ability for pay pal to reach into audiences that that where big coing and alternative coins have never been before just to give you an example of how big we're talking about you know coinbase is probably the most famous exchange in the united states for big coin they have about 11000000 users 11000000 on coinbase buy nance which kristie is very familiar with knows the guy

soon because in particular we're seeing looking at the apollo way what these hallways are in active bitcoins held by these die hard when investors long term holders the core base so right now we a 4 year high in the hallway it's now over 60 percent so that means that there are more people taking short term positions and out which means less volatility in the market and i supply and demand go with increased ability and more long term holders were building 2 larger and larger bowl cycles and each time you come this next wave well done some analysts are saying that they coined could even climb as high as $12000.00 why is that. yeah i think what christy just said really bears into that as well which is essentially this that big coin has found kind of its new low which is around 8600 and if that becomes the new low the not the $3600.00 of the $3500.00 but $8600.00 now we're looking at a new kind of jumping off point so as far as moving past this $10000.00 mark i think we very well may do that and some analysts are saying we could go to around $12000.00 that absolutely could happen because we're k

. >>> coming up, crypto investor says the cdc could mean very good things for bitcoin. he'll join us. >>> and the great covid coin shortage what it means for the economy. stay with us quadrupled their money by 2012? and even now, many experts predict the next gold rush is just beginning. so call us money reserve, the only precious metals organization led by a former director of the united states mint. as one of the largest us gold coin distributors in the country, us money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard-earned assets. don't put it off another day. the call is free, and you'll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable. when i got involved with gold, and s

own personal journey what you document in this excellent book bitcoin a black america babble on your online bookseller i suggest you buy a copy immediately by fact buy 10 copies and give them to all your white friends so that they'll know what's happening what's coming san with black community in america but the point is that my question is your personal journey and typically it is also a journey of hard money where you have been able to. describe what happened to you because you become kind of a new person in a way over the past 5 years or maybe it is that correct as i can to describe that absolute i have over the past 5 years once i started focusing on the economics and the actual root of our problem which is a federal reserve constantly pretty money and inflation cube in our dollars. is valuable that was the root of the problem that led me down the big i pad and i just you know at a certain point in my life but about 5 years ago decided that if this is a solution it has to involve black community because on a broader scale the world there are more black and brown people in the wor

to travel up the river and to terminate with extreme prejudice which in this case means recalling bitcoin gold silver balance sheets earnings anybody who had any experience with a sound money economy the things that used to matter to a sound economy a sound financial system any of these metrics so even somebody like warren buffett who looks at balance sheets and he's a value investor so for example he dumped all his airline stocks at the bottom there they were bought by robin hood out burst you know the other side of the trade was the robin hood apparatus they're up 65 percent carl icahn another guy from probably the silent generation perhaps boomer he is you know dumped his hertz stock he owned hertz he saw he owned about 40 percent of it he saw that they were going to declare bankruptcy and he knows and the old system that we've had for thousands of years that equity holders lose everything they lose all their equity so he dumped everything but this new generation who are only no on sound money only know colonel 1st this way this world makes sense to them so they can land on a fraction

while bitcoin goes dormant and so does cash as more and more consumers move into a capitalist society during the pandemic we're going to discuss that and over at the sports h.q. regina hamm shows us how soccer fans are getting creative to take part in their favorite sport and make sure you keep up with all the latest news and anything you might have missed by downloading our brand new free app called portable t.v. you can catch us there 24 seventh's will be right back. you cannot be both with the yeah you like. i'm chris hedges the corporate coup d'etat has destroyed our democratic institutions the commercial media has burlesque part of the reality show presidents expose the trivia lives see on contact question more. seen the horrors that arise the money in east lives to add just $1.00 more dollar to their millions. they threaten they bribe they'll do anything to keep their crimes in the dark but the people they've heard are demanding justice their stories need to be told on america's lawyer. here thank you for finally changing your understand you're tired of network news with you. as

they can hope for is individual sovereignty and the only way to get there is through savings and bitcoin is the best way to get there but let's look at this system here because it favored those who care. who have the assets in 1071 we just covered this in a recent episode here there are data showing that even to this day it continues so we could take down every single monument that exists in the united states we could you know create new holidays we could have corporate new logos saying that we support minorities black people women l.g.b. t.q. we can do all this but the fact is this system it no matter what we do no matter how we try to rescue the economy save the people the pandemic is happening trillions of dollars must be printed the way the system works basically the fed can only give it to white mostly white bankers on wall street they get it 1st prisoner 0 percent everybody else gets it you know if you think of a river that starts at the top of the himalayas as fresh clean lovely water at the top by the time it gets down into you know somewhere in india and i'm crowded city it's po

having so much wealth stolen you know systematically by the system for a long long long time with bitcoin be it unconscious capable isn't that what might be a major selling point if you get what i mean definitely will be a major selling point because you get if you have the power in your hand and i'm going back to get information least that education bit point can be amazing but the thing if even in our own traditional system most of us just know how to use the act currency is the exchange of good and service not to really get on the other side of well we're big call it definitely provide it's a well tool but we need to go a little bit further to understand how big quinn works in a monetary system and how we can use. so not just you know making easing can be but to to make holdouts who are wealthy and who are all at the same time and lastly protect their like in tulsa things occur out well must be protected we just can't just live in our homes and leave the doors wide open and windows windows and then hope no one comes in and we have to understand what is understand what big point it is b

$2300000000.00 in total assets well began owing its customers to apply for loans collateralized by bitcoin how that digital currency exchanges that are also silver get customers well are we about to see more of dollars being borrowed with crypto as collateral here. absolutely and it's certainly interesting and it's really big news for the traditional institutional investor community but really this is something that has always been in the cards for the coptic community so i mean it's great news that you now have a name brand institution such as silver again back in your make. loaned out against it for you collateralized the asset but then again the entire point of crypto is to cut out the middleman get rid of it be a fully decentralized trust less system so when you look at top of the defined network has actually really mature throughout the year of 2020 now in particular the compound protocol on any just launched recently and it does the exact same thing it allows you to lock up your crypto earn interest it's a smart contract that you have absolutely no interaction with a 3rd party softwa

bitcoin is becoming a hedge.hey waved the flag that it's okay for other institutions to participate. and so i think there's a big shift happening. but it's around this spending. maria: that's a better hedge, that's a better hedge than gold? >> you know, it's a different hedge than gold. gold has been around for 3,000 years and i think it will continue to be bought and owned by people. what makes bitcoin more unique, it's only 11 years old or 12 years old. there's an adoption curve happening. the hedge funds start buying it, that's the new investor base. we're starting to sell it to registered investment advisors who control the bulk of wealth in the united states. as those pathways, as those pipes get built out so it's easier for the 50 to 80-year-old wealth owner in america to buy it you're going to see more and more people getting into the space. so bitcoin is both a hard asset and it's an adoption story. maria: let me bring in mark tepper. go ahead, mark. >> mike, just quickly, what do you think is the catalys

but before i have to -- i would be remiss, melissa, if i didn't wish the b.k., the bitcoin baller a happy belated birthday. his birthday was yesterday do you know whose birthday is tomorrow i won't keep you in suspense adam smith would have been 297 years old tomorrow why do i mention him i had to read that book "the wealth of nations" in college. you probably read it as well he was the father of free market capitalism well, what you saw today was the exact antithesis of that and i'm going to get added by everybody. to think this market is at all free market is a fool's folly. the fact that we rallied into this announcement by the fed, which we all saw coming or they announced it prior shouldn't really surprise anybody. i don't think it's a good thing. i think it's ridiculous. i think the next step is they're going to announce buying individual securities or stocks at some point. and to think that you can see why people at home get frustrated and say this is a rigged game. you know what? that's what the fed has effectively told us in my opinion. >> we left that whole free market stuff at

facebook's idea isn't necessarily a new evil it's using crypto currency is like bitcoin have been around for years they encrypt transactions with blocking technology which makes them particularly safe. crypto currencies only exist digitally and are not regulated by any bank the most well known ones are bitcoin and. the term comes from the greek word kryptos meaning secret or hidden points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. depending on the type of currency some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. could potentially be as secure or more secure than cash. but this anonymity only comes with specific crypto currencies the advantages of digital wallets are easy to use they allow for quick transactions with a high level of security at