Climaxed kaiser, this is the kaiser report. Have we hit peak bitcoin . That is a good question because you know more and more billionaires around the world are getting into big coin and massive sort of Asset Management Companies Like black rock are getting into big quine. So max keiser this week, you tweeted a serious big question is developing a supply on exchange, dries up prices will start gapping higher looking for sellers. What do you mean by this max kaiser . Well remember the old peak oil or peak gold arguments that were running out of oil or running out of gold. That of course, is not true, but in the case of bitcoin, because it is absolutely scarce then because the demand is approaching infinity, we are potentially hitting peak bitcoin, where it will become increasingly impossible for the average mom and pop to acquire bitcoin. Because all the 900. 00 coins per day that are generated through mining will be sucked up by the institutions that will never hit the market. And of co
Then scalp on an almost daily basis they come in and they dump huge short shells for should say short sells into the gold market and they scout the market continuously thats why gold prices been very sluggish its moved up over the years but its very sluggish compared to the amount of creation and debt creation but what happens if you lose faith in the central bank utterly like whats happening in turkey people are not going to be efficient playing these games anymore theyre just going to go along goal and if the central bank of turkey collapses theyre willing to accept that risk because number one their gold would skyrocket and number 2 theyre ready for a change and the government there is not the levering the changes that people want so the way to passively resist against the government is to own gold or to own bitcoin so in gold yes as you mention in turkey very very familiar with gold much more so than big but the concept is the same globally people are now taking the same passive re
Currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up then they are higher than had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilized saying their local currency right well this is the game the Central Banks play with fear money and the gold market so the demand for gold is always there to some degree and the gold bullion banks on the Central Banks they play around with Interest Rates and they owe is get that 3 or 4 percent move up in gold which they then scalp on an almost daily basis they come in and they dump huge short shells or should say short sells into the gold market and they say. The market continuously thats why gold prices been very sluggish its moved up over the years but its very sluggish compare the amount of creation and debt c
I am max kaiser. This is the kaiser report. Wow. So much to get to, lets get to it with the states. Well, max, you know the last episode we were mocking ray dahlia. Oh, hes the, i guess he looks over the Biggest Hedge Fund in the world, bridgewater associates, connecticut, and he was just saying, big queen. Well, now they have financed ray dahlia says he might be missing something about bitcoin. This is the learning curve of bitcoin. People dismiss it and then they notice the people around them getting rich, like in this case, Paul Tudor Jones, whos also in connecticut stand, druckenmiller, who was hugely Successful Hedge Fund guy. And they have to put away their biases and they have to take another look at it. And then once you really look at, because like great value now is doing for the very 1st time, it really distressed about a fan for years without actually looking at it. And once you actually start looking at it, you fall into the rabbit hole and he realizes that a world of crum
Gold silver all that stuff here we see some headlines about this you know of course over the past week we saw a big plane hit a new all time high its back up to it didnt die like all the media had said and in fact we had Paul Tudor Jones and we had stan truck in miller then we had micro strategy then we had in our. Black rock lows a big people get into the space and then guggenheim also said now that theyre starting to buy bit coin so turkey has no cure for a gold craze that leaves the lira vulnerable turkey is trying to stabilize their currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up the layer higher than they had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilize saying their local currency right well this is the game the Central Banks pl