Bitcoin Gold

you.Well, you've raised a, a lot of very important, uh, uh, points there.

So one is that there was this era around twenty seventeen where we had these hard forks, and this started with Bitcoin Cash, and then there were some imitators, Bitcoin Gold and Bitcoin Diamond and stuff.

And then Bitcoin Cash itself split off into Bitcoin SV.

But everyone was getting kind of like a free dividend here.

And now my opinion is what, what it looks like now is they're, they're really trying to just get people to have like a BlackRock Bitcoin ETF, and that's now Bitcoin.

Like, that's kind of how they want it to be.

Um, and that's what I think is that, uh, Bitcoin gold sort of a meme.

Like, Bitcoin is, uh, gold.

It's just a question of how far the surge goes before the purge, because part of this is, first of all, we're seeing the demand destruction faces everywhere, massive supply coming up.

of the u.s decreasing demand from china and what usually happens we get that high price cure just a question of how high it will be and then we also have midterm elections coming up this whole situation is based on the decisions of one human being president trump who's getting quite desperate and his party's pushing completely against him in the midterms if he doesn't do something soon there'll be something done after the midterms meaning if you want to get elected now one of the best things to do is push back in the war inflation and even mr trump unfortunately that's just the way we cycled so he's got to find something to do diesel exports i don't know but then i point out in commodities the key theme is what's really happening in um metals is that two that five percent almost five percent and that's two you know it's just too high fed tightening the key thing is in this never fight the fed um that's a key pressure on on cryptos and bitcoin and metals and the one that's really at we're at next on the list that might be on that pump then dump list so far which includes bitcoin gold silver platinum plate and iron ore is copper.

Still keeping my eye on copper.

I expect that's the one that's going to have the problem and get smacked a little bit.

We can't deny that.

But you tried to demonize me by saying there's unlimited supply of cryptos.

I didn't say there's unlimited supply of Bitcoin, but there is Bitcoin Cash, Bitcoin, Satoshi Vision, Bitcoin Gold.

There's plenty of them, other knockoffs, which means, okay, well, there's more than just one of them.

Uh, I believe their open interest today is at an all-time high, uh, well over eighteen billion dollars, uh, which is really unprecedented.

Um, and I do think that competition is here to come, the same way we've seen a Cambrian explosion of Bitcoin copies and forks from Bitcoin Cash and Bitcoin Diamond, Bitcoin Gold.

You heard about that.

Uh, same for Ethereum as well.

So I'm sensing that a new four-year cycle bull market is underway.

Note that the Z-score of Bitcoin Gold has the Bitcoin Gold ratio, not The shit coin, Bitcoin gold, anyways, has turned positive after being minus 100% in the past that has generally been confirmation of a bottom.

What does all of the above, excuse me, suggest? We're in a new secular regime of higher cost of capital that may be evidenced by the Fed's move to hike rates last week, which suggests that the government will respond with the oldest trick in the book, financial repression.

Look at this freaking glorious chart that he put together.