If the internet goes down or the electricity goes out, you know what’s gonna happen? It’s gonna come back. The fact of the matter is that’s how we survive these days. Humans will figure out how to get it back and the second it is, then all we need is two computers to start running the Bitcoin code again and it’s up and running. Once the ledger is caught back up, thanks. You don’t have that feature, your money’s gone. Sorry, it’s a centralized banking system. Not only that, we see now Wall Street finally moving in in a big way too, so fundamentally, I think Bitcoin is an amazing opportunity. That’s just me. Don’t take my advice for it. Hashtag your favorite crypto down below. Also, I’d like to see what kind of projects you’re into.
There’s all kinds of projects out there and there are projects that have made people multi-multi-millionaires and I can honestly say that from experience. Now this story, I said earlier in the beginning that this is probably gonna be the first time ever in history that a presidential election is gonna be speaking about on both sides the future of an investment vehicle that is Bitcoin. There’s a story here out of the block CEO. It says Trump may be headed to Nashville to speak about Bitcoin 2024. Former President Donald Trump is in talks to speak at crypto conference Bitcoin 2024 according to Axios, which cited two people familiar with the matter on Monday. President Trump and President Joe Biden are set to debate later this week and crypto could be discussed.
Former President Trump might be headed in Nashville to speak at Bitcoin 2024 later in July. This is a big deal because we have one person on one side of the aisle, Trump, saying that he’s all for Bitcoin. In the beginning, he, like so many other people, did not understand it. Matter of fact, type three if you’re still blown away with the fact that it took you so long to figure out how Bitcoin works, how Bitcoin is decentralized, how you can’t fake a Bitcoin, and you wish you would have gotten in earlier.
I’ll be the first one to raise my hand. I tried talking some friends, some buddies, into buying it at four bucks. Everyone laughed at me and sadly I listened to their laughter. I was a fool until around $500, where I simply took about ten hours out of my life to study what it is and how to buy it. I’m not joking when I say it obviously changed my financial life. I’m being straightforward. That’s why if you have never owned a single Bitcoin, you don’t know how to purchase it, how to store it, how to secure it, and then if you want, how to trade it and flip it. There are risks involved, but that’s why we built that course. We take you from zero to hero, and I’m not saying that lightly. Hero in the fact that you learn how to actually purchase the asset, you understand the fundamentals, the underlying fundamentals about it, and then you know what to do with it when you want to actually do something with it.
That’s why we built that course. If you want, I’ll put the 80% off link below. It’s very important that people understand this now because with the invention of the CTF, what it is doing is actually pulling Bitcoin off of the market. It is a very clever way for the government to, and can you guys do me a favor real quick, if there’s some glitches going on with the audio, can you let me know down below if the audio is good or bad in the comment section? What’s happening is the government figured out a way. By allowing the CTF, it now pulls as private funds, personal, you know, retail investors and other people. Thanks on go through and buy the ETFs. The ETF needs to secure a certain amount of Bitcoin per its perspective in segregated accounts. So what it’s doing is pulling Bitcoin off the market out of your hands in your actual own hardware device or paper wallet or however you want to store it and it’s putting it into allocated accounts.
That is actually going to cause a big problem. It’s actually pulling Bitcoin off the market and that is strong hands investing. We have seen since January an incredible amount of Bitcoin taken off the market through this ETF vehicle and the government knows that once it’s in that vehicle, it can control that vehicle. This is the most amazing time to be alive as an investor. I am quite frankly extremely excited. Now, a couple other stories I want to share with you. This is out of CoinDesk. There’s a lot of talk about Mt. Gox to begin repayments in July as Bitcoin slides under 61,000. The defunct crypto exchange is supposed to return over 140,000 Bitcoin to victims of the 2014 attack. Let me preface, there’s a lot of thought out there, oh, the second these people get these 140,000 Bitcoin, they’re gonna dump them on the market. Will there be selling? Yes. Will there be selling enough to crash the market? No.
This is shaking weak hands out on very low volume. The truth is, the people that own 140,000 Bitcoin, I want you to think about this and type ten if you agree with this, the type of people that bought Bitcoin from Mt. Gox bought it for well under a thousand dollars. We’re probably talking people that bought it for even less than ten dollars. These are people that think completely differently about the monetary system. Ever since they had their crypto locked up on Mt. Gox, I want to ask you this: Do you think they stopped investing in Bitcoin since then? More than likely, they have not. They have continued buying Bitcoin and other cryptocurrencies and learning more and becoming more, let’s say, stronger in their hands and their holding of this. Like myself, they understand its true value because it simply cannot be faked.
It cannot be printed out of thin air like the Federal Reserve’s US dollar, which ironically was just hacked. I think it’s very important to understand that this is just shaking weak hands out. As a matter of fact, most of these people that are going to be receiving their currency, cryptocurrency, and I myself have some locked up by the Australian government, they don’t want to give it back, and it’s a lot of money. They know that if they simply want their money, their Bitcoin or money, cash to buy a nice house or fancy car, they can go borrow against it. So I’m going to let you know just because one exchange account went down, it doesn’t mean it’s going to take down the price because a bunch of these people are going to sell. Alright, that’s just my personal opinion. Type ten if you agree with that.
Now, this story is interesting. Bitcoin tumbling below 60,000 to start the week. This is the CNBC story. It says Bitcoin continued its descent on Monday, sliding below 60,000 for the first time since May 3rd. The price of the flagship cryptocurrency was down 7% at $59,562. I want to share with you this again, this chart. It’s very important that you understand where we’re coming from. This is the halvening chart and you’ll notice that the spikes, the red lines of your halvening dates, the spikes, the ultimate tops come two-thirds through the entire cycle of the halvening. You’ll notice that right after the halvening, after it starts to slowly dip in price coming into the halvening, right after the halvening, you usually see it flatline or dip a little bit and that is exactly what we are seeing right now.
The price, once you know that the farther you go back into history, the farther you can see in the future, that’s a fact. So there you go. I just showed you some facts and to say that this time is different because now we have Wall Street behind it, we’ve got a presidential election coming up, so they’re gonna be talking more and more about it. We’re seeing projects, publicly traded companies, unlike other times before, like Coinbase, blowing up in price, in usage, in wallet downloads or wallet creation and accounts being built. To say it’s different than the other halvenings is a joke. But hey, what am I supposed to know? I’m just a dude with a bro-hawk and a dream. Look, if you want to get involved in Bitcoin, you need to be safe, you need to be methodical about it. We are not a get-rich-quick deal.
Yep, I made 18% in three days last week. That’s exciting, right? But what I want to teach people, and this is why I put together a team of professionals that teach this course, it’s risk management and how to do everything safely. Even down to, we teach you how to secure your own hardware wallet, how to set up a private wallet, how to set up keys on your accounts, your Coinbase account, your Gemini account, using RFID technology to secure your accounts so you don’t get hacked. That’s the most important thing. And then through our trading, we don’t sit there and tell you, hey, you’re gonna make a million bucks overnight. We’re gonna show you how to win and win and win and mitigate the losses so you have more wins. That’s what we do. It’s a totally different way of teaching.
If any of the students are down here, let them know down below what you’re getting out of the course and the trade calls. I hope you got something out of this. I’m gonna put the 80% off link. There’s about 12 hours left, maybe 10 hours left of the sale. I don’t know off the top of my head, but it’s going on for the rest of the day today and then it’s over. We haven’t run that sale in two months. It’s 199 bucks, 80% off. Hope you have a great day. The Economic Ninja is out.
