Carnage In Crypto Land (Bitcoin Wins Again)

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In this video, I discuss the ongoing carnage in crypto land, as well as how Bitcoin will be the only crypto left standing.

The SEC is seeking to freeze all Binance US assets, while ETH is clearly being grouped with other securities in the Coinbase lawsuit. Expect SEC lawsuits against ADA and ETH in the coming months.

Meanwhile, Gary Gensler was on CNBC saying that we already have a digital currency called the USD. Too bad it is such a bad store of value and has been weaponized as a political cudgel (thus no longer being a neutral global medium of exchange).

Bitcoiners know that it's impossible for Gensler to do to Bitcoin what he's doing to crypto casinos and unregistered securities masquerading as crypto.

State-sponsored attacks on an asset are a part of the free market competition between different forms of money.You might want to pick a money like BTC that can actually survive such an attack.

Not investment advice! Consult a financial advisor.

Coinbase and Cardano Rekt (Breaking News):
https://www.youtube.com/watch?v=Ct8_fGYa2Hc&ab_channel=BitcoinUniversity

Crypto Casino Rekt (Binance):
https://www.youtube.com/watch?v=lk0M2lRm67c&ab_channel=BitcoinUniversity

SEC Seeks Emergency Order to Freeze Binance US Assets:
https://decrypt.co/143621/sec-seeks-emergency-order-to-freeze-binance-us-assets

Bitcoin price commands premium on Binance.US after SEC lawsuit:
https://www.theblock.co/post/233429/bitcoin-price-premium-binance-sec-lawsuit

Hey SEC, Ethereum Is A Security:
https://www.youtube.com/watch?v=jWsZI2j3qCI&ab_channel=BitcoinUniversity

ETH mentioned as a security in the context of staking:
https://twitter.com/samcallah/status/1666065833431539715

Jack Dorsey thinks that ETH is a security:
https://twitter.com/jack/status/1666078896327122946

SEC Chair Gensler: We don't need more digital currency:
https://www.youtube.com/watch?v=VKxXdUvMqAc&ab_channel=CNBCTelevision

USD is a melting ice cube:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg

USD has become a political weapon:
https://www.bloomberg.com/news/articles/2021-08-17/u-s-freezes-nearly-9-5-billion-afghanistan-central-bank-assets?leadSource=uverify%20wall

Fed contemplating CBDCs:
https://www.federalreserve.gov/cbdc-faqs.htm

The race to avoid the war:
https://www.swanbitcoin.com/the-race-to-avoid-the-war/

Flipping The US For Bitcoin (Danger Ahead):
https://www.youtube.com/watch?v=a4kt2CY4idw&ab_channel=BitcoinUniversity

Bitcoin-only companies not getting sued by the SEC:
https://twitter.com/dhruv/status/1666120415004213249

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
#binance

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