Is Bitcoin Being Controlled by the Elite? Here's the Truth

Is Bitcoin losing sight of its cypherpunk and libertarian roots and slowly being co-opted by the very billionaire class that controls the current monetary system? We dive into the erratic and contradictory positions of many billionaires when it comes to Bitcoin, as we attempt to unpack the most cogent critique the freedom money faces as it rises the ranks of its corporate adoption.
Is Bitcoin still the sly roundabout way that will lead us to a better system? Or could its fate be sealed by the very corrupt class that it purports to unseat?

Timestamps:
00:00:00 - The Ideological Evolution of Bitcoin
00:01:05 - Billionaires' Contradictory Stance on Bitcoin
00:02:06 - Larry Fink's 180 on Bitcoin
00:03:27 - Peter Thiel's Shifting Views on Bitcoin
00:05:20 - Bitcoin's Co-Optation by the Billionaire Class
00:06:30 - Bitcoin's Role in the Financial Ecosystem
00:07:23 - The Establishment's Influence on Bitcoin's Future
00:08:44 - The Inevitable Financialization of Bitcoin
00:09:26 - Bitcoin's Monetization Process
00:10:08 - Bitcoin's Resistance to Corruption and Ethos

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[hjosephgilley]

Trust is the last thing we should be giving to people whose business is to centralize control.

[audieallen]

I took on 100% of the risk, why dose the government get anything from my gains? This is criminal

[Cristian_M_]

You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.

[tygyrlylly]

Thiel trying to talk price down so he can buy more. Literally said he didnt buy as much as he shouldve!

[M..AgeOfTruth]

"One of the hardest things about Bitcoin, is realising that people you don't agree with are on it, but that they make it stronger by being on it" - Jeff Booth


Whitney Web does nothing to help Bitcoin...

[retrobeaver]

Do not allow blackrock to hold and secure your bitcoin, but a jade wallet or a Cold Card wallet. Hold your own keys or its not actually yours

[kathleenmckeon]

I think Snowden's points on Bitcoin at the Bitcoin conference made clearer the concerns bit coiners and the people need to focus on where bitcoin and the controllers are concerned.

[BecamePneuma]

Proverbs 23:23 - Buy the truth, and do not sell it; buy wisdom, instruction, understanding.

Bitcoin.

[MinimalistCapitalist]

“Anti money laundering” 😂 Yes, you’re right jamie. Bitcoin is traceable and not good for crime. Thanks for clearing that up.

[googlesmostwantedfrog]

This is the best content you guys have put out in years
Hopefully you will continue like this going forward

[trishhaines]

😂😂 Thiel’s nervous body language when he pans bitcoin sorta screams “I’m lying!” He - oopsie - says “I didn’t buy enough” and then goes on to dump on it.
Trying to curtail the price rise so he and buds can stack more at bargain prices?

[GregoryIngle]

This is the content I want. Great job here sir.

[SimpleManChannel]

Bitcoin is like the wind. It can be harnessed, but can’t be controlled!

[gleilenerodrigues]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless

[philsnydernet]

Lord, help me to accept the reality of things I cannot change.

[markshepardsongs]

Great point made at the end. Bitcoin doesn't care who owns it.

[bonnieupton]

How would it be like gold? You cannot hold it in your hand.

[stultuses]

11:04 ...God's laws not sinful man's laws...

Perfectly sums up why Bitcoin is so valuable, even for those who don't even understand it, just like Christ, He came for all, even for those who didn't even recognise their lost state of being

[patrickfitzpatrick]

Teale looks as untrustworthy as any US politician...especially when asked about his stack and where he thought it was going from now!!

[JesseCrucible]

If it is a threat to elites...why do they still allow banktransfers from and to banks to buy or sell yr btc for cash?