Well, for a website that has received zero traction as always because lemmings, cowards, hypocrites and physcopath’s who run the world and this, am going to for a change of direction as bored of shouting and no one listening and because I can post a video on Crypto, SBF and Michael Saylors Bitcoin bet following a few articles I watched on the FT.

Firstly, in regard to FTX and SBF, once valued at $32 billion. He started off by exposing differences in crypto prices globally and made money from there in which he set up the FTX trading platform so quite impressive. All he then had to do when all the money was coming in was to ensure clients and FTX funds were segregated. Simply that and nothing more. If that had happened the company would have survived the crypto volatility and be worth probably as much today. However clever he was he was not that clever to understand that.

It is hard to see a regulator such as the SEC could ever regulate something like cryptocurrency but that does not mean that the exchange that the crypto is traded from is not robust, transparent and with segregated clients funds such as with Fx and Commodities. The first to do that and openly provide their audit and segregated details should dominate the market. Maybe I will purchase an island in the Bahamas and do what SBF failed to do and do exactly that.

The fact that you may or may not value crypto and see it as the emperors new clothes is one thing but it at least has to be traded on an exchange with confidence.

Now, that said lets talk bitcoin and Michael Saylors company that is simply a bitcoin purchase hedge fund with around $100Billion and owns roughy 5% of Bitcoin and are in what is called an infinite positive model as in its continued purchase of Bitcoin always pushing up the price. In fact it could be called one of the most open and transparent ponze schemes ever developed because it is not hiding what it is doing but is self reliant if you like on the ponze and pyramid type of scheme.

1.bitcoin itself has a market capitalisation of $2 trillion which is greater than the Norwegian sovereign wealth fund at $1.5 trillion so someone somewhere values it and no matter what anyones opinion of anything is you only know the true value of something when someones prepared to pay for it, so bitcoin legitimises itself in that manner.

2. Michael Saylors company with around $100Billion owns roughy 5% of Bitcoin and are in what is called an infinite monetary glitch as in its continued purchase of Bitcoin always pushing up the price. New money always being used to continue the purchase and so on. In fact it could be called one of the most open and transparent ponze schemes ever developed because it is not hiding what it is doing but is self reliant if you like on the ponze and pyramid type of scheme.

Michael Saylors interview was interesting and admire the stance to a degree but he did make some statements that I believe are incorrect and also he has missed some others issues as to what the company could be exposed to.

He stated that is the internet collapsed it could end his hedge fund and related it to a building on Wall Street falling into a sink hole that just opens up, as in he is talking about the only weakness being a black swan event. I disagree and there are a few areas here.

The company could also be exposed to a cyber attack that stole its holding of Bitcoin or a substantial amount, the degree to that possibility is hard to calculate but much ore probable to a complete internet collapse. It was etherium who replaced the $25 million theft I believe by just printing new coins which in itself is wrong, but it did because it controls the quantity. You could not do that with bitcoin.

It is also 100% reliant upon the credibility and continued confidence in blockchain being a technology that cannot be broken. Is there any software or IT model in the world that could be counted as absolute and 100% anywhere? If at some point in the future blockchain was broken by either a quantum computer or some very smart people focusing on that then the company and its bitcoin holdings are severely compromised. 

Also, he stated that he would speculate that bitcoin could be worth $1million in 10yrs time, $10million in 20 years time. The issue with those statements are that would mean that in 10 years bitcoin would be worth the equivalent of 15% of the worlds total finance, every cent or penny in every fund, bank, company, individual, government etc. it would have 15% of that today. In 20yrs time it would have the equivalent of 150% of that total finance in the world today, of which of course that finance model cannot be right, it cannot be sustainable and it could never reach those heights. Something has to give at some point.

But the other big issue is this. Anyone with major capital could set up a similar hedge fund as Strategy has nothing exclusive to its own business, just a bitcoin purchaser. In fact anyone else joining in would add to the infinite monetary glitch and could also sail on the crest of the wave created by Saylors momentum. 

But even with the above I believe there is another fairly serious issue being overlooked. That is the bigger the value that bitcoin becomes it becomes closer to a ship if you like that never docks. A huge asset value on paper that is worth however many trillions but because it is all the same players that are doing the buying and selling creating the infinite monetary glitch then they have created if you like something that only they can either sell or purchase to each other and as such that severely limits the market that they could ever sell to. It could be worth trillions but actually in a fake inflated market where the only buyers are themselves so if they were to make a profit they have to sell to themselves to make that profit as no other customers exist and it breaks down here. At what figure or point that is hit is very hard to state but it is very safe to say that Saylors bitcoin prediction price is impossible. They have 5% of the market roughly at the moment, if they owned 20%, 40%, 60% what does that do to the market? Especially if the other market owners operate a similar model.

The fact that sailors have now set up bonds if you like with the company that provide a cash payment to its clients is potentially a way to trickle money out of the fund without any alarm bells to the market or drop on bitcoin value. Is probably quite clever but how sustainable who knows.

The big question is and this is huge to bitcoin itself. If the US government itself started to purchase substantial holdings of Bitcoin as is being rumoured, and the US government can pretty much write any cheque they want with minimal impact on the dollar, in fact it may even strengthen the dollar. But if the US government decide on this it will ultimately provide Saylors and the Strategy hedge fund with the biggest insurance policy and if you like guard dog for their business model that they could ever hope to have achieved. It will in effect virtually guarantee the infinite monetary glitch to heights it could never achieve by itself. The only issue for sailors would be what is the real objective behind then US’s purchase and involvement in bitcoin and will that ever at some point in the future not be in Saylors and strategies interest, especially with changing governments. I believe also that the US governments potential involvement in Bitcoin could also be related to who it was that developed bitcoin  in the first place as I am confident it was not Satoshi regardless of a white paper.

Another Video by Christian John, still living on breadcrumbs, still waiting for the physcopath’s, lemmings, cowards nd hypocrites wherever to do the right thing.