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In this video, I discuss a Catherine Austin Fitts (Solari Report) video that attacks Bitcoin by implying that it has been captured by BlackRock and that its 21 million max supply can be increased. In doing so, Fitts relies on clips from Peter Thiel and Charlie Munger interviews.
Unfortunately, neither Fitts nor her co-host understand even the basics of Bitcoin (like how Bitcoin mining transaction fees, node operators, and Bitcoin consensus work), nor do they seem even slightly interested in putting in the proof of work to learn.
As a result, it becomes difficult to trust anything else that they say on their program.
My video finishes with a clip of Peter Zeihan predicting that Bitcoin's fiat price would go negative. Instead, Bitcoin proceeded to go up over 5x.
Don't trust experts, talking heads, or even genius billionaires. Do your own research and learn how Bitcoin really works. By doing so, you will strengthen your own conviction and become a much better hodler.
Not investment advice! Consult a financial advisor.
Munger & BlackRock Telling You There Is No 21Million Cap for Bitcoin. Thiel Says Bitcoin Is Co-opted:
https://www.youtube.com/watch?v=ViguuJGh3E8
https://x.com/BossLibertarian/status/1882211339026022648
Catherine Austin Fitts:
https://en.wikipedia.org/wiki/Catherine_Austin_Fitts
Peter Thiel on Bitcoin:
https://www.youtube.com/watch?v=_NwdcWYXWPU
iShares gold trust:
https://www.ishares.com/us/products/239561/ishares-gold-trust-fund
Peter Zeihan saying Bitcoin's price is going negative, just before it went up 5x:
https://x.com/anilsaidso/status/1611939645511839745
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#crypto
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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