Speaker 1: (00:00)
All right. Welcome back everybody to all to coin daily. My name is Aaron Chorus. The reason you subscribe to our channel is for our daily videos, keeping you informed on everything going on with Bitcoin Crypto, the home market. Let’s jump right into it. So to start things off, I’m sure you remember this video, we put it out about a month ago. It was titled Proof. They are lying to you about bitcoin. Peter Schiff owns bitcoin, very popular video. It got well over a hundred thousand views and even prompted Peter Schiff himself to comment on it, which was something, but in this video we were the first to point out. And you know this has spawned a lot of news and a lot of videos since, but I think we were the first to point out. We brought this to light, although publicly Goldbug Peter Schiff will trash bitcoin if you, if you peel back the curtain, we see that Peter Schiff will, he not only accepts bitcoin through his business, but he himself actually holds Bitcoin, which is pretty interesting.
Speaker 1: (00:58)
So this is kind of old news by now, right? I mean, you’ve probably heard this before, but what you have to remember is this is not something that Peter Schiff used to admit. You know, this is not something that he used to talk publicly about. And at this point, you know, he has to admit it. He has to talk publicly about it. He has no choice. And this is not to condemn Peter by any means. You know, it’s the opposite. In fact, I commend him for it. I, I celebrate him. You know, we all go through this personal journey or it takes time, takes a little bit of an education, a little bit of understanding as to what makes bitcoin valuable. And to be clear, you know, Peter Schiff, he is, he is far from a bitcoin evangelist by any means. You know, he qualifies his truth about him in Bitcoin.
Speaker 1: (01:40)
He says, yes, my company accepts Bitcoin, but it’s through a third party service. So we never actually hold it. And he says, yes, I do hold some bitcoin. It was gifted to me. I haven’t sold it, but I don’t really care about it. That’s what he says. Now since I’ve made this video, another month has passed, which is another month where bitcoin isn’t dead and it’s another month where bitcoin has in fact thrived and it seems that Peter’s kind of gotten in the habit of talking about bitcoin more and more. Hey, he’s on the journey, right, and he’s on the journey where I hope eventually he’ll, he’ll have to admit that bitcoin is here to stay real. We’ll have to admit Potpourri that bitcoin is a great investment or the very least he can see why bitcoin has value. Well, anyways, I’m going to play you a clip.
Speaker 1: (02:26)
This is from a very recent episode of his podcast. It was just released a few days ago, so check this out. In this clip, Peter is going to clarify his exact thoughts on bitcoin and again, he has no evangelist. He is far from it, but what’s interesting is number one, he admits that bitcoin has value. Number two, he admits that he likes it when people send him bitcoin. Number three, he admits he’s probably going to Hodel his bitcoin just to see what happens. And then number four, he says he would like to own one whole bitcoin, which I thought was pretty cool. So I’m going to play you just parts of this. The link to the whole entire episode is in the description. Check it out. So he’s going to start off by addressing all the press that he has gotten within the last month. But remember, his relationship with Bitcoin is not something that he used to admit before we brought it to light.
Speaker 2: (03:19)
So check it out and want to finish up today’s podcast talking about Bitcoin, which I usually, you know, seem to end my podcast these days, uh, talking about bitcoin. But this time I don’t really want to talk about the price of bitcoin. I mean, it’s just a little over 11,000, uh, as I am recording. But I really want to talk about these articles that have been coming out about me and the fact that, you know, I own Bitcoin, like I secretly owned bitcoin. Oh, Peter ship is a hypocrite, right? He reveals that he owned some bitcoin. Therefore, even though he’s been publicly trashing Bitcoin, he’s been privately buying it up.
Speaker 1: (04:01)
Speaker 2: (04:01)
Therefore, you shouldn’t pay attention to what I say, which is not to buy bitcoin. You should pay attention to what I’m doing, which is buying Bitcoin, right? Well, I’m not buying bitcoin.
Speaker 2: (04:13)
Uh, some of the articles talked about the fact that, um, you know, I admitted that I own some bitcoin, which I do. And I guess Jeffrey Tucker, uh, who I know, I admitted to him that, yeah, I own some bitcoin and I owned a little, uh, uh, bitcoin cash and ether, that total amount of my holdings was like 100 bucks and I didn’t buy any of it. Right? I got it for free. I didn’t buy it. People gave me some. So I, I bay, I pointed out again, I said, I thought I have like a hundred bucks worth. That’s it. That’s all I got. That means nothing. And so then somebody tweeted back and said, oh, what’s your wallet? What’s your wallet address? I’ll send you a hundred bucks worth of bitcoin. Right? That’s what somebody said. And Oh, someone wants to send me $100 with a bitcoin. Alright. So I eventually found the wallet number and I pasted it into a tweet and I tweeted it back and now I’ve got over $2,000 worth of bitcoin in my wallet.
Speaker 2: (05:12)
But now there’s all these articles out there about how, you know, I’m accepting all this bitcoin and now this is some other proof, you know, that I’m a hypocrite because you know, I’ve, I’ve accepted all these bitcoin gifts. First of all, I don’t even know how to reject it, right? I mean, even if I wanted to be, the money just comes in or the bitcoin rather just comes in. I don’t even know how to stop it, but why would I want to stop it? I mean, if somebody wants to send me some free Bitcoin, I’ll take it. I mean, I can turn right around and sell it. I mean, I know that there’s a market for now, so the fact that people want to give me some free bitcoin and the fact that I haven’t turned it down doesn’t mean that I’m secretly like a pro bitcoin. I mean, no, it just means I’m not an idiot. I mean, I think it is kind of cool, right, that you can send it very quickly. And I, I’ve always admitted that that is one of the good features of Bitcoin, that if I’ve got it and I want to give it to somebody, I can very easily send it. The problem is what I’m sending has no value. It has market value now because people are willing to buy it, but it may have no market value in the future if nobody is willing to buy it.
Speaker 2: (06:14)
Look, I think this is a bunch of nonsense, but you know what, if people in the bitcoin community want to press this story, keep on sending me bitcoin. You guys have my wallet, you know, you know, keep on setting it. Let’s see. Let’s see if I can get up to the whole Bitcoin, right? I need about what, 10 eleven thousand eleven thousand dollars now to get one old bitcoin. I’m not there yet, right? I’m, I’m, I’m like not, I’m not quite at a fifth of a coin. Uh, so keep sending them to me. I got to decide what I’m going to do with them. Right. That’s the thing I got to figure out. Do I huddle them, you know, just for the hell of it. Because, you know, easy come, easy go. I didn’t pay anything for it. I mean, I guess that would be the right thing to do is just huddle them, uh, because you know, but of course people think of, I huddle them.
Speaker 2: (06:52)
I mean, eventually they’re going to go to a million and I could just buy a lambo. Right? I mean, that’s the idea, right? Just keep them till they’re a million and then by my lambo. But of course, I can actually cash them out right now and, and you know, and buy something real. I can buy something right now, uh, with all that, uh, all those free bitcoins, but I’m not really sure for now. I mean, at a respect to the people who sent them to me, uh, I may end up just holding onto them and then people can follow that wallet and they can see what it’s worth. Um, you know, clearly a fight. If I sell them, then, you know, people will know that too. Um, but anyway, that’s it.
Speaker 1: (07:27)
I think that this is not nothing. You know, I thought that was pretty interesting and this is the process. You know, he’s talking about bitcoin more and more these days. As he said he’s, he’s interacting with bitcoin now. It just going to take some time. You know, I think Peter is going to come around eventually. But guess what, even if Peter never comes around, bitcoin doesn’t give a shit. Bitcoin will prevail with or without Peter. Overall though I think this is a net positive for bitcoin. I think this is a really good thing. Let’s move on. Have some recent news for you. Lot of great news. We’re going to fly through this. Tony Hawk pro skater has revealed that he’s been into bitcoin for six years. This came after somebody tweeted him, Tony, how much fun would it be to ride this beauty? And they showed a price chart of bitcoin’s recent action and Tony tweeted back, been riding it for six years, haven’t bailed yet.
Speaker 1: (08:19)
So that’s quite a revelation. And I actually think as Bitcoin’s price continues to rise, more and more people are going to come out and admit they hold bitcoin as soon as they get into a little bit of profit. Next piece of news square’s cash app. You know, square’s cash app is turning into one of the most popular places for everyday average people to buy and hold bitcoin. Well, the cash app now supports batch 32 withdrawals. Now this is something that we just saw with the ledger live, so let me remind you, batch 32 withdrawals means 40% cheaper fees compared to legacy addresses. Starting with one 10% cheaper than wrapped segwit addresses starting with three confirms faster on average uses less space in the blockchain so it helps scale bitcoin without putting extra pressure on the nodes, preserving decentralization, improved error correction and easier to spell or write down because it’s all lowercase.
Speaker 1: (09:15)
So Square’s cash app is, it’s really going for it when it comes to being maybe the new place rather than Coinbase for for everyday people to buy bitcoin. This is really good news for bitcoin and hope to see a lot of people follow hope to see a lot of people using the cash app. By the way, guys, have you ever been on the site when lambo.com Peter Schiff was talking about, he said he owned about, let’s type this in here. He said he owned about $2,000 worth of Bitcoin, which what would that be? Point bitcoin’s price right now is, let’s just say it’s for the sake of argument. Let’s just pretend Peter Schiff owned a quarter of a bitcoin click. When Lambo. Well, according to this nifty site at this nifty novelty site, he could buy a lambo worth just under half a million dollars a. He could buy one by 2030 given bitcoin’s growth in the past 10 years.
Speaker 1: (10:13)
Now, if you own one whole bitcoin, check this out. How long would it take you to buy a lambo while we could get a lambo by 2027 this is pretty cool. I’m going to leave all the links in the description. Let’s move on. This was pretty interesting. Tweet. Bitcoin liquidity is continuously growing. Since months, which is assigned that less liquid assets are increasingly collapsing into it and other sound assets like gold. Interesting. So you can see this as bitcoin’s price action. And then at the bottom here is bitcoin’s liquidity. There’s a lot of unanswered questions, um, but it’s an interesting metric nonetheless and bitcoin because bitcoin is the most liquid cryptocurrency and it will remain that way and continues to become more liquid. This is pretty interesting. Could the Yang gang take the crypto debate mainstream? So you probably know that the u s presidential candidate who’s famous for his flagship policy of giving every American over the age of 18 $1,000 a month, you made an appearance at consensus 2019 last week and talked about his support for a better u s regulatory framework for the digital assets and cryptocurrency industry.
Speaker 1: (11:30)
Speaking at the event, Yang said that he believes that blockchain needs to be a big part of our future, stating that if, if he makes it to the White House, oh boy, we are going to have some fun in terms of the cryptocurrency community. Um, he also, so Yang describes himself as the opposite of Donald Trump or as he says it, an Asian guy who likes math. His love for numbers is very much in line with the ideals of Crypto, cryptography and provable scarcity, which sits at the core of digital asset revolution according to Yang uncertainty about the regulatory framework has been implemented by agencies like the SEC and CFTC is causing us investment in the area to lag behind the investment of other countries. Yes, Yang has said it’s now time for the federal government to create clear guide guidelines as to how cryptocurrency and digital assets asset markets will be treated and regulated.
Speaker 1: (12:27)
Yes, I like that. If elected as the new US president, he has promised to promote legislation that provides clarity in the cryptocurrency digital asset market by implementing a number of specific initiatives like defining what a token is and what what is a security and providing clarity on which federal agencies have regulatory power over the crypto digital assets space. Other policies, other policy promises include better consumer protection in the space and to clarification of the tax implications of owning, selling and trading. Trading digital assets. So Andrew Yang is an ally when it comes to cryptocurrency and he’s definitely one to watch. Anything else we want to cover? I think that is it. My friends, hope you found value in this video. If you did, give it a like for new here, subscribe to the channel and I will see you tomorrow. It’s going to be a great year.