Brace yourself for a riveting expedition into the global financial undercurrents that are stealthily reshaping our world. As your guide, Tony Arterburn, I take you from a frostbitten Texas straight to the scorching frontlines of currency wars and the digital money revolution. Feel the ground tremble beneath your feet as we examine the BRICS Plus coalition's expansion and its shockwaves through the petrodollar's domain, a realm once unchallenged, now teetering on the edge of obsolescence. We'll peel back the layers on the strategic hoarding of gold by nations, signaling a defiance against the greenback, even as Bitcoin and its kin beckon institutional investors into a burgeoning fiscal parallel universe.
The plot thickens with an exploration of the silent but relentless crusade against cold, hard cash, revealing the stealthy advance of Central Bank Digital Currencies and their potential to rewrite the script of economic autonomy. Stand witness as I dissect the IMF's maneuvers in this new theatre of control and sketch out the contours of an emergent cashless paradigm. With no guest to sway the discourse, I'll offer pure, unadulterated insight into the financial metamorphosis unfolding before us, inviting you to join the conversation and arm yourself with knowledge in anticipation of the aftershocks that these seismic shifts in currency and control portend for our collective future.
Brace yourself for a riveting expedition into the global financial undercurrents that are stealthily reshaping our world. As your guide, Tony Arterburn, I take you from a frostbitten Texas straight to the scorching frontlines of currency wars and the digital money revolution. Feel the ground tremble beneath your feet as we examine the BRICS Plus coalition's expansion and its shockwaves through the petrodollar's domain, a realm once unchallenged, now teetering on the edge of obsolescence. We'll peel back the layers on the strategic hoarding of gold by nations, signaling a defiance against the greenback, even as Bitcoin and its kin beckon institutional investors into a burgeoning fiscal parallel universe.
The plot thickens with an exploration of the silent but relentless crusade against cold, hard cash, revealing the stealthy advance of Central Bank Digital Currencies and their potential to rewrite the script of economic autonomy. Stand witness as I dissect the IMF's maneuvers in this new theatre of control and sketch out the contours of an emergent cashless paradigm. With no guest to sway the discourse, I'll offer pure, unadulterated insight into the financial metamorphosis unfolding before us, inviting you to join the conversation and arm yourself with knowledge in anticipation of the aftershocks that these seismic shifts in currency and control portend for our collective future.
Now I almost don't want to set off the intro music. Might be being six years old in the different America. I got to turn it down. All right, folks, welcome to the Wise Gold and Crypto Show. It is Monday, monetary metals, monday markets Monday 22nd of January 2024.
Speaker 2:I'm your host, tony Arterburn. I'm broadcasting from deep within the heart of Texas, although it's frozen. Bean's, the Br-a-a-ay. I made a very quick trip outside this morning. She's back in bed. Everything's frozen over in the yard. My pipes are frozen, everything's frozen.
Speaker 2:So it might be a shorter show today because I have to go to the trading floor to turn in some product. I can't waste any time getting stuff like that turned in. Well, welcome again once and all. I want to jump right into some headlines here in me. I got to turn the music all the way down. I wanted to leave it on. It's so much fun because it is money for nothing. All right, folks. Well, we've got a good show for you. It's again a little bit shorter. We're broadcasting live on all the technocratic approved platforms. I've got Facebook, twitter, both my personal Twitter at Tony Arterburn and at Wise Wolf Gold, the Wise Wolf Gold and Crypto Show Facebook page, youtube, rockfin as well, I'll go to the chat here momentarily over on Rockfin and YouTube. If you've got any comments or you want to join the program, anything you want to shout out, I'll see if I can get to it.
Speaker 2:Lots of stuff happening week to week in this moment of history. Ladies and gentlemen. It's always going to be interesting. D-dollarization is not going to be pretty and the powers that be are doing a lot of sleight of hand. It's very much a magic trick trying to get you to look somewhere else, but that's why you tune into me, because I'm always looking at the things that aren't really headlines that should be. And a little bit of gold news today, a little bit of crypto news. We'll mix in Lots of stuff happening with the Bitcoin ETFs in the crypto space and we talked last week about that.
Speaker 2:I don't really care for ETFs and I don't need Larry Fink's approval from BlackRock or any of these banksters, but it is interesting to watch. You start seeing this institutional money start flooding into Bitcoin and it just strengthening it more and more. That space continues to strengthen. We didn't need their help, but I think a lot of them see the writing on the wall, the inevitability of well, they reset really, they call it that. It's the great reset, the Klaus Schwabian World Economic Forum great reset. But it starts with currency and of course, it devolves into, you'll know, nothing can be happy, so we've got to avoid that. But it starts with currency. I think a lot of the elites know that and that's why the crypto space is important, that's why gold's important and we're going to get into some of that today.
Speaker 2:And so, starting with de-dollarization, let's look at this article that's up on Kitco, and I'm a fan of Andy Scheckman. He shows up on Robert Kiyosaki's Rich Dad radio program a lot and he owns Miles Franklin Golden Silver. He's a competitor, but he's a really smart guy, so I tend to follow what he says. He was up on getting interviewed by Kitco. Let me put the article on the screen here. And Andy says the BRICS Plus expansion, and we're going to talk about that BRICS. What is BRICS Plus? Brics Plus expansion is accelerating petrodollar collapse, ultimately leading to massive global dollar dump. Well, that's huge news, isn't it? I mean, why is it this all over CNBC? Aren't they talking about it on the mainstream hairdo teleprompter reader networks? Well, it's probably because they don't want you to understand. The root of our financial system is fake Again, kitco news. The BRICS expansion is a major catalyst for the ultimate demise of the US dollar, with the additional five new members accelerating the de-dollarization process as they increase trade in local currencies and buy and sell oil not using the dollar, thereby further destabilizing the petrodollar. Born to Andy Schechman, president and owner of Miles Franklin Precious Metals.
Speaker 2:If you go back to the history, why do we have a petrodollar? That's something that Henry Kissinger was tasked to set up following the August 15, 1971 announcement by Richard Nixon that we were closing the gold window and leaving the Bretton Woods Agreement that was set in 1944 that pegged gold and the dollar together for $35 an ounce as the World Reserve currency. We soon moved into an agreement with the oil-rich nation, starting with really the House of Saad, that they would trade oil in dollars. Therefore, we were pegging the dollar to something, and it was oil-based, petroleum-based. Now that's been thrown out the window, but if you've been paying attention, the Biden administration just came straight up and just dumped it, and they've allowed China to fill that vacuum, russia to fill that vacuum. I mean, it's apparent the US administration is doing a controlled demolition not only of our economy and the empire but the petrodollar. And it starts with that.
Speaker 2:As of January 1, the BRICS block Brazil, russia, india, china and South Africa officially welcomed Saudi Arabia, the United Arab Emirates, egypt, iran and Ethiopia as new members of the alliance. That should be the biggest financial headline out there. Right now it's the death knell for the petrodollar and again this happened because we have 40 different sanctions in 36 different countries weaponizing the US dollar. We've used it as a weapon and the world sees the opportunity to get away, and they are doing that. They're running away and forming their own alliances. So how is that going to work when we need all of that money velocity, all that trading in dollars? How is that going to work when there's dollars are repatriated or not used? Well, it's going to devalue the currency even further. I mean, the currency is based on nothing except for money velocity, except for its psychological value that's placed on it, and, of course, the petrodollar was a very strong part of that.
Speaker 2:Saudi Arabia joining the group is particularly significant, given its role in maintaining the status of the petrodollar. Shekman told Michelle McCory, lead anchor and editor-in-chief at Kitco News, quote this is a very big deal. Shekman said. Saudi Arabia is the lynchpin to the dollar hegemony, whether it emanates from the bricks or from within. The day of reckoning is coming. I like his choice of language. All of us goldbugs, we tend to lean towards a reckoning, an accounting. We're not just. We don't believe in unlimited currency creation. That's not been part of history. So goldbugs tend to look to history. History tells us that something that the philosopher Voltaire said about paper currency that it always returns to its natural state, which is worthless and zero.
Speaker 2:On top of the shifting mindset in Saudi Arabia, there are also reports that the United Arab Emirates is ditching the US dollar oil trade as it looks at individual oil and gas deals with up to 15 countries based on local currencies. The UAE is the seventh largest producer of oil in the world. They are an OPEC and now a BRICS member. Shekman said what becomes even more provocative is the fact that Houtan, who hasn't left his country but once or twice over the last few years because of the bounty on his head, just makes a very impromptu trip to the United Arab Emirates.
Speaker 2:Now what do you think of that? He said. I watched that too. You can't really explain what's happening in the United States without really coming to terms with the fact that something that Tucker Carlson said in his book Ship of Fools. And regardless of what you think of Tucker Carlson, he said something very important. He said how can a country survive like the United States when the people that rule it hate it? That's very important to look to.
Speaker 2:We used to have, for all their faults, we used to have leaders that liked to broker deals. There was the big foreign policy stuff of the late 1960s and the 70s into the 80s with Reagan. But you had the opening of China in 72. Say what you will about, but they were doing things. There was a giant. There was moves geopolitically on the grand chessboard by Nixon and Kissinger. Again, following opening China, they had an agreement with the Soviet Union. It was called the SALT Treaty. It was the Strategic Arms Limitation Agreement. That was to create a spirit of what they called detente. This was sophisticated. The dollar was pegged to oil through the petrodollar system. There was at least moves on the grand chessboard.
Speaker 2:What are we doing now? Just sanctioning, and what? Just bankruptcy. There's no alliances. We're not building any grand alliances, not doing anything, manufacturing. All of that is thrown out the window. We have open borders, free trade, uber, alice.
Speaker 2:You can go listen to my radio show, the Arteburn Radio Transmission If you want me to dig a little bit deeper into these things, or my podcast Pair Truth, or we Go Into Some of this Stuff, but I don't think this is an accident. Ladies and gents, you should really pay attention to this. This is one of those moves that will have a reverberating, massive reaction. The ripple effect will go into make it into our reality within the next six weeks. This is not going to be something that oh well, two or three years. This is massive.
Speaker 2:What the new BRICS Plus represents. Again, this is BRICS Plus. This isn't Brazil, russia, india, china, south Africa alone. This is BRICS Plus. They're adding countries. Again. The world is witnessing the US dollar hegemony being chipped away a little by little. Shekman pointed out, every OPEC country is on the Chinese Belt and Road Rail Initiative, the largest infrastructure project in human history. Saudi Arabia joined the BRICS and the Shanghai Cooperation Organization, the largest regional financial and military organization on the planet, and they joined BRICS New Development Bank, he noted. Russia also took over the BRICS presidency in 2024, with the group's annual summit scheduled to take place in Kazan, russia this fall.
Speaker 2:Think about this the Chinese. This was something the Chinese did. The Belt and Road Initiative. The Chinese again, I'm not defending the Chinese. We all know what that tracks back to with the communist state. Of course, the Chinese government itself was set up in 1949 by the Rockefellers that funded communism and Mao Zedong. But that's a whole other story. We go and look at what the Chinese are doing. They go around and build infrastructure. The American Empire is like well, we're going to bomb you until you have some freedom. Then, when you don't really have, we'll have democracy, which the multinationals will control the levers of that. But it's going to be a hollowed out thing and it's never really built up. Well, china goes around and builds infrastructure. They build dams, they build electrical grids, they build rail lines. It all has a price to be part of the Belt and Road. It all has a price, but it's built through infrastructure, it's built through economic opportunity. We really miss the boat and perhaps, again, that's on purpose.
Speaker 2:I'll go to the chat here in a second too, folks. By the way, I want to get. This is a really important article. Russian President Vladimir Putin already announced his plans for 2024, including efforts to increase BRICS role in the international financial system. Putin also recognized that BRICS Plus now includes 10 countries, with 30 more waiting to join With the expansion, the block now represents a staggering over 3.5 billion people, or 45% of the world's population, with the collective GDP exceeding 28.5 trillion, or about 28% of the global economy. The BRICS Plus is now also responsible for producing about 44% of the world's crude oil. The group has made it clear that one of its primary objectives is to move away from reliance on the US dollar and trade in their own currencies. Shekman said when you drill down into the specifics of what the BRICS are and their emergence and they've been around for a bit, but their emergence over the last 36 months, there's no accident, folks.
Speaker 2:After the, there was a provocation by NATO and the West. They desperately wanted something to happen on the Ukraine front. They got it. Russia invaded Ukraine, the sanctions were placed. But something very interesting happened there as soon as the sanctions were placed the ruble tank. But it was only temporary. And then there was an announcement that Russia would no longer deal in dollars. They pegged a portion of the ruble to so many grams of gold or something. There was an equation for how you could trade the ruble back through gold and their ruble were covered. And then, all of a sudden, the sanctions were just hollow, but what was the real damage was the use of dollars in financial transactions. You go back to 2001 and 75% of all the global transactions were in dollars. You fast forward post Ukraine, invasion by Russia and the sanctions that were placed, and the dollar velocity and the usage goes down to 44%. I don't know what it is now. I'm sure it's declining further and further, but this is. We have BRICS plus.
Speaker 2:Now, ladies and gents, d-dollarization is a phenomenon that has been years in the making. It is now accelerating. At what point does it become substantial enough in every metric military GDP, natural resources, shipping lanes, human population? At what point does it become substantial enough that they flip the switch? We're going to see that switch where there ain't nothing you can do about it. Sheckman said you got to like how Sheckman talks. He's a man after my own heart.
Speaker 2:I think A major sign of something brewing is the BRICS countries shedding US treasuries and replacing them with gold, with China leading the pack. The central bank gold buying. He says the BRICS common currency is next. This was supposedly something that was going to be announced back in August. It didn't happen. They had a meeting. They don't have to do anything. The D-Dollarization is happening all by itself. You don't need to make a formal announcement anytime soon. You can let the chips fall and see what happens. But you're just seeing countries are slowly buttoning up. They're dumping the treasuries, they're buying gold. We can all watch this, because I've been talking about it for years, but especially the last 18 months record gold buying by central banks. What does that mean? The central banks aren't stocking their banks with currency.
Speaker 2:Interesting enough, even the Swiss national bank the Swiss, where you're supposed to have a banking safe haven. You believe in some of the historical lore. This was like the Swiss were set up by the Knights Templar, the first international banking combine. This was always supposed to be neutrality and banking safe haven. The Swiss national bank lost money last year. You make the money and you also lost money. The only thing that the Swiss national bank made money on, actually made a profit on, was their gold holdings that they bought. Absolutely amazing folks.
Speaker 2:Bricks Plus. I started talking about the bricks years ago. I was like, well, it's their 40% of the world's population. Just right after you have the invasion of Ukraine by Russia and the sanctions, it just started. There was Bricks Plus all of a sudden and all these countries wanted to join. Countries don't want to be on the other side of these sanctions and we're just willy-nilly throwing them out. This is what we do. We I'm saying our government we are losing the world's reserve currency status. You can't paint it any other way. I'm not being an alarmist. You're watching it happen in real time. By all means I'm sure Jim Kramer has you can buy some fang stocks. It's a real matter.
Speaker 2:Let's continue with another aspect of this. This was on zero hedge. Then I'll go to the chat here. You guys got anything. I'll see zero in the YouTube chat. One crypto is 34,000. I'll see what that means. I'll have to look and see what you're referring to. I know the price. We'll get the price of Bitcoin and gold and silver. Today I've got a little bit of news for Wolfpack as well. This is another aspect of de-dollarization. It's happening in the third dimension as well, like the actual war on cash.
Speaker 2:If you recall something that happened in the scammedemic COVID-1984, the first thing they did was say we got to turn back all these dollars that were repatriated from places like China because they're dirty or whatever, and then placed to stop taking cash. Then, all of a sudden they're like I don't know why, but we have a coin shortage. They couldn't find enough coins. I'm like that's because you shut down small business. You told hundreds of thousands of businesses they weren't essential. Of course, president Fauci made sure that the big box was open. The big box was open but they didn't take cash. He had all these small operators again, hundreds of thousands that weren't making daily deposits. It made some like why is this even a mystery to people, those deposits like convenience stores, restaurants, car washes. You're not turning in your coins for deposits because you've shut them down. It wasn't that hard for me to figure out.
Speaker 2:But there was a larger, more sinister reason for that because cash is freedom. Of course, gold and silver are freedom and decentralized crypto is freedom. This is a zero hedge. It's an article that's put out by Schiff Gold the never-ending war on cash. It is true, it's never-ending, it's the forever war. The forever war is on cash.
Speaker 2:In the last few decades, there has been a global shift towards a cashless world, a trend that continues to shape financial autonomy. Physical currency is becoming increasingly rare, as the majority of the world's money supply exists in electronic form. Governments and financial institutions are actively promoting a cashless society, raising concerns about individual financial freedom. The Federal Reserve's last annual update on physical currency and circulation reported about $2.2 trillion in physical cash supply. This includes physical coins, dimes, quarters, dollars and green Federal Reserve notes. Nevertheless, there has been a rapid shift towards electronic funds. In the current era, the total global money supply is predominantly composed of electronic funds, with physical currency representing a diminishing percentage.
Speaker 2:The concept of central bank digital currencies, cbdc, in the last year has gained substantial prominence globally. What's funny, in the last year I've been talking about CBDC before. It was cool. I guess I've been talking about the world currency. You go back to 1989 and the Economist magazine. Their cover was this double-headed eagle and it said time for world currency. This is something that, now that they've got the blockchain technology and the white papers everything drawn up, this is. Even the Biden administration, at the beginning of 2021, put out an executive order to have all federal executive branches explore their connection to what a central bank digital currency would look like in their operations.
Speaker 2:Now the IMF director, christineling Georgia Jiva, noted that in her speech last year that CBDCs have already been introduced in the Bahamas, jamaica and Nigeria, with over 100 additional countries, including the United States, currently in the exploratory phase. They introduced it in Nigeria. It was a complete flop. Thank you, nigeria. Nigerians use Bitcoin. It means ubiquitous, it's everywhere. The central banksters thought, well, if they like Bitcoin, well for sure they'll like our unlimited social credit score, biometrically controlled garbage. Nigeria said no, I don't want any of that.
Speaker 2:The push towards a cashless society is often justified on the grounds of enhanced security, with claims that electronic transactions deter terrorism, money laundering and counterfeiting. Oh well, don't get me started on where terrorism comes from. The biggest crooks in the world want to make sure that nobody else is a crook. I guess the headlines are always. It's always about safety. It has nothing to do with safety.
Speaker 2:This is an absolute control grid that is being set up to end history. Francis Fukuyama, that history professor, wrote that book as kind of celebrating globalism in the early 90s is called the End of History, saying that liberal democracy had triumphed and no more nation states and all this stuff. Globalism is on the rise and we're all going to have cooperative things. No, the real end of history is the coup d'etat of the banking class over all aspects of our lives, making politics impossible, making pushback, making free speech, making free movement impossible, and they do that through a central bank digital currency. However, upon closer examination, it becomes apparent the primary objective is an attempt to bar the doors and keep assets within the US financial system Reduced.
Speaker 2:Reliance on physical cash facilitates increased monitoring and taxation on financial transactions, aligning with the government's and central planner's interest, interesting even the diminishing purchasing power of the US dollar. The face value of the Federal Reserve notes have also been decreasing. Today, the highest denomination note produced by the Federal Reserve is a $100 note. The elimination of higher denominations such as 500, 1,000, 5,000, and $10,000 notes began in 1969. Why wonder? Why? Were they anticipating the fact that massive amounts of our cash were outside of the continental United States and they were about to decouple it from gold? Discussions continue, with some advocating for the complete discontinuation of cash. Governments benefit from a cashless system as it allows for more efficient taxation and central planning, while banks see advantages in increased fees and regulatory power. A cashless society results in larger bank deposits, contributing to an expansion of the money supply through fractional reserve banking.
Speaker 2:Well, of course, and in our system, the super Uber Elite. They don't pay taxes really because they can offshore things. They have armies of accountants and the tax system the tax code is meant for the wealthy. That's why they don't fight it. I mean, the wealthy don't ever want lower taxes because they don't have to pay them. That's why they always want us to pay them. That's why they want us to have. Warren Buffett advocates higher taxes because they never want you to reach anywhere near them, so they never have to compete. You understand, it's like a run out the clock situation. And then the system also requires taxation as a means to ensure a ruling regime never is threatened also. So you have to understand that that's their favorite thing. Even though they're just going to print the money, they're going to create the money out of thin air, or money or the currency out of thin air, they still need you to pay your quote, unquote, fair share. So this is what all about. This is a tracking system.
Speaker 2:The move towards a cashless society raises concerns about individual control over personal wealth. Governments in large banks are likely to exert increasing pressure to discourage holding liquid wealth outside the banking system. Acquiring physical cash and precious metals may become more challenging, potentially reaching a point where coins and Federal Reserve notes are no longer considered legal tender. Well, this is interesting. There's two things going on at the same time, you have states like Texas, missouri, arkansas I mean all across the board. I'm just naming a few. Tennessee is looking to set up a Reserve Bank for precious metals. This is so important. Oklahoma they're all doing this in the face of the announcements from the federal government and the central bank about a top down totalitarian control system, and so these states are doing a decentralized thing. That's why this is so important Physical, without counterparty risk metals, so important outside of the system. A lot of these states are going to make cash or gold legal tender. They're going to make silver legal tender, which is wonderful. Some states and I want to say I read it was Ohio some of these other states. You can even use Bitcoin to pay things like property tax.
Speaker 2:Contrary to paper currency, the intrinsic value of precious metals, particularly gold and silver, has hardly been impacted by the government decision. We talk more about this in the Confiscation Con White Paper. You can go in this article. There's a link to this Confiscation Con White Paper. I'd like to see that the use of gold and silver as money is determined ultimately by the free market and the free market alone.
Speaker 2:This is our current reality. This is like we're thinking about my shows or anything. I don't sugarcoat anything. We're going to jump right into it. You got the emerging de-dollarization. The United States is losing the world's reserve currency status. The dollar is being replaced, not by one thing. It's not just China, it's a series of nations that are colluding together to offset that control and get away from the possibility of being sanctioned. That will have a blowback effect. The CIA has a term for that. It's called blowback. What you do, actions have consequences. Who knew there's for every action there's an equal and opposite reaction. Everything we've done over the last many decades is finally blowing back on us with our dollar weaponization. You have that aspect. That train has left the station. How that's going to end, I don't know. It won't be. Pretty Typically, history teaches us that when a great empire starts to lose control of the global, the hegemonic dominance, whether economically or military or both, that there is a conflict.
Speaker 2:We don't want that. We don't want to go to war for the bankers' war. We don't want anything to do with any of that. That would be set up. It would all be nonsense and it would just be organized murder. We don't want anything to do with that. We have to be careful, because that's what happens.
Speaker 2:I seem to be aware that usually there's a currency war, a trade war and an actual war. We are in the cycle of history where this is a very dangerous time. Then you get the war on cash. That's not something that's a conspiracy theory or made up. There's a war on cash. The reason there's a war on cash is because you can't track that. There's a war on gold and silver as legal tender, because that isn't so much of a Even the general public it's a fraction of a fraction that actually owns real precious metals. I mean, a lot of people just own it in paper. That hasn't been attacked as much. That probably is on the docket. It's on the menu. You need to be aware of that. That's why they're attacking crypto.
Speaker 2:Crypto is so much easier. You get a Bitcoin wallet, you download it on your phone. Your friend has Bitcoin or your contact has Bitcoin. You can turn it in and buy something with it. You guys trade it amongst yourselves. Where's the bank there? Where's the control there? Again, that's why there's a war on cash. There's a war on crypto. There's a war on gold. You're going to see that accelerate as the dollar loses more of its buying power as the government realizes that it can't just run this warfare welfare state willy-nilly. We can't go on forever with them printing unlimited funds from the Treasury or from the central bank. It will have a consequence. Stay frosty. All right, let me go to the Rockfinchat. I'm going to hit the YouTube chat. I appreciate all you guys joining today. Oh, nobody in the Rockfinchat. Well, you never know. This is a new timeframe for the Wise Wolf Gold and Crypto show. I sure appreciate all you guys being here on YouTube. I've got zero.
Speaker 2:He asks what makes a good crypto. Well, a good crypto is something that's decentralized. A good crypto is something that's somewhat stable. It needs to be. In my opinion, bitcoin fills a lot of that role because it's finite, it's decentralized. It's the only crypto and I'm not a Bitcoin maximalist, but I'm only really buying Bitcoin right now. We're going to talk a little bit about Solana and some Cardano. There's a couple of other coins that are in the news today. We'll talk a little bit about that before we close out.
Speaker 2:I own probably 10 or 15 different cryptos. I'm not acquiring them right now, other than Bitcoin, bitcoin being finite at 21 million. They open ledger the decentralization. I like Bitcoin. It's got some flaws, but as far as privacy and other things are concerned, but it is a, I think, a representation, a store of value. That's what I would think makes a good crypto. I appreciate the question, though it's expensive. Well, bitcoin is expensive because there's only 21 million. It's the inverted. It's like the opposite of the dollar, like if the dollar had an evil twin. It's like it's the opposite, or Bitcoin had an evil twin to beat the dollar.
Speaker 2:All right, let me jump into some more stories and we'll close out the show. Thanks again for everybody. Joining Means a lot to me. I've got an interview tomorrow. That's going to be great. You're going to go and subscribe to the actual podcast channel. This is going to go up on the Wise Wolf Golden Crypto Show. You guys don't want to miss my interview. It's going to go up probably tomorrow afternoon and I'm recording it tomorrow around noon. You're going to want to hear this. I'm going to put it up on my channel, so go subscribe so you don't miss it.
Speaker 2:All right, let's hit this story on Bitcoin ETFs. I thought this was interesting. You know, again, I don't need BlackRock to endorse Bitcoin or anything like that. I don't need the establishment financial hacks to like it, but it is interesting to watch because the more and more they play with this, they realize that their own system is moving towards. This is a parallel system. It's not part of the financial network that's been built on fake. There's going to be a lot of realizations over the next few years. I promise you that Bitcoin ETFs rapidly accumulate 95,000 BTCs, 95,000 Bitcoins, nearing 4 billion. Just six days of trading, the recently approved Spot Bitcoin Exchange traded funds ETFs have collectively accumulated impressive 95,000 BTC, with total assets under management inching close to the 4 billion mark. According to Eric Balkanus, a senior ETF analyst at Bloomberg Intelligence, the inflow into the newly launched ETFs has now exceeded the outflows from the grayscale Bitcoin trust. The net flows now stand at 1.2 billion. This is just the beginning.
Speaker 2:I don't think the difference between this and the dot-com bubble of the late 90s, early 2000s, leading into 2001,. The reason that I don't think this will have the same effect is because you're talking about stocks and you're talking about unlimited. That's why, when you get into the counterparty risk now, gold and silver have the ultimately stand outside of counterparty risk, but Bitcoin is again. It's finite and it's not like you can just oh, we're just going to create more preferred stock. They can't do that. As you have more and more adoption, it becomes more and more scarce. The genius of it the fact that it is finite, but it is also divisible. Every Bitcoin, I believe, has 100 million Satoshis. A Satoshi is just a fractionalized piece of every Bitcoin. That's what makes Bitcoin, because you can use it as currency, you can use it as money, you can use it as a store of value, but they're not going to just dump a whole lot more onto you. The speculative part of that yeah, there'll be ups and downs. It's not going straight up and to the right forever. It's not how this works, but over the long enough timeline, it becomes more and more scarce. It becomes what actual money is.
Speaker 2:Fidelity and BlackRock's Bitcoin ETFs are leading. Leading the pack among the ETFs are Fidelity's FBTC and BlackRock's iShares Bitcoin Trust, amassing inflows of 1.28 and 1.23 billion respectively. Fidelity is known as one of the more crypto-friendly traditional finance firms in the US. That could be one reason behind the popularity of its Bitcoin ETF, among other things. The firm has argued that in a report that Bitcoin is better than gold when it comes to fulfilling specific requirements in an investment portfolio. Well, I don't know that it's better than gold. I've never made that claim. I don't think you're going to hear that from me, but I do think this entire space is worth learning. We're going to have some people in this space, too, on the show over this year. I hope you'll all come together and download the podcast and follow me on the live feed, because we're going to learn stuff together.
Speaker 2:I've been in the crypto space since 2016,. Bought my first Bitcoin ATM. I know enough to be dangerous. I don't give investment advice. I own several cryptos, as I mentioned earlier, but right now I'm only buying. I'll tell you what I'm buying. I'm buying BTC. I use it monthly to pay some of the people that I sponsor with WiseWolf and I just accumulate it on its own just for the sake of accumulating.
Speaker 2:Last story of the day and then we'll get you guys out of here. This is from CoinDash. Let me put it up on the screen. I tried to cherry pick what's the most notable story. We don't get too much lost in the technical, because this isn't like a trading platform show, just a 37,000-foot view. This was CoinDash.
Speaker 2:This morning, solana Cardano lead crypto markets lower as traders grapple with Bitcoin headwinds. Coindash 20, a liquid index of the highest traded token slumped 2.8% in the last 24 hours. The WiseWolf phone is ringing. I guess that's good, right. I may have to go turn it off one second. God Be right back, can't have dead air. I'm my own producer, sorry about that. This is the WiseWolf phone. If I don't answer it, it'll just keep ringing. All right, this again. This was CoinDash.
Speaker 2:Prominent cryptocurrencies started the week in the red as fears of the large Bitcoin VTC sales continued to confront investors, who are likely scaling back exposure in the broader market in anticipation of lower prices. Coindash 20, a liquid index of the highest traded token, slumped 2.8% in the last 24 hours. Solanas SOL and Cardano's ADA fell 5% in the past 24 hours, leading losses among majors BNB chains. Again, this is stemming from so much pouring into the ETFs, so much happening with Bitcoin, that a lot of the investors seem spooked because, well, you're inflating. Is there a crash or a bubble or a correction? Because there's just more activity than normal. Dojacoin DOGE initially bucked the broader market weakness amid speculation of adoption and an upcoming feature on social application X, but has retreated in the past six hours.
Speaker 2:Bitcoin, the world's largest cryptocurrency by market value, lost the $41,000 support level early Monday. Traders expect prices to fall as low as $38,000 in the coming weeks, which could lead to more losses and other cryptocurrency. This is just a broader view. There's some pullback in the trading market. The influx the initial influx always happens in anything and there's profit taking. I think what you're seeing is a natural path for all of the crypto market. Yeah, there's going to be initial interest inflow, then there will be profit taking. There'll be a slump. Could Bitcoin right now just trading at $40,728, or a Loose Ferry and Bankster Notes per Bitcoin.
Speaker 2:Ethereum's at $2,376. I remember when I was buying Ethereum for customers when I had my shop in San Antonio at $200. That's been a heck of a rise. Binance coin 311.93,. Solano $86.99,. Xrp at $0.51. The XRP and the Ripple that's another story. We'll have to get into some of that. I've been hearing about it's used for the ledger and the banking system as a means to patriot everything and clear. That could be an interesting development, but I've not seen that really get pushed through. We'll have to check back on that as well.
Speaker 2:All right, folks, I appreciate all of you joining. That's today's wrap up. Again, join the podcast channel. Go and subscribe to the podcast Always Wolf Golden Crypto Show, anywhere, podcast or served up. Go and subscribe to that If you can give us a rating.
Speaker 2:I haven't had a rating there since February. If you like the show, if you like me being my own producer and having Beans the Brave in studio, give us a five star. It really helps the algorithms and people can find us. We're going to have some great guests in 2024. Hopefully the analysis will be good. You can also find me on my other podcasts the Arteburn radio transmission and Peritrutor Perotruther. We do that a couple of times a week. I just released excuse me, I just recorded I have a new show released on Perotruther. It's a great interview with the legendary Don Jeffries on the New Orleans connection of the JFK assassination. I cover a broad spectrum, but Golden, silver Coins, monetary System Currency that's history. That's my wheelhouse, so go and check that out and subscribe to the show.
Speaker 2:Freeworldfm is also another place you can get. We're working on more news and we've got some magnificent hosts over there. I'm working on getting an app for it, so that's going to be cool. Just carry it in your pocket. You can turn on FreeWorld anytime and get some alternatives. The alternative to the alternative will be FreeWorldfm. So thanks everybody for joining. I appreciate everybody over on Rockfinn as well, and we'll be back next week. Okay, in a world of bulls and bears, be the wolf. See you next time.