Danielle DiMartino Booth & Jim Bianco: Recession vs "No Landing," Rate Cuts, and Bitcoin vs. ETFs

In this episode with macro strategists Danielle DiMartino Booth and Jim Bianco we discuss:
- Latest inflation data vs. 'truflation'
- Danielle says we're in recession, Jim says we're in a "no landing" scenario
- Remote work, wage growth, and AI's impact on jobs
- Extreme wealth concentration
- Will the Fed cut rates?
- Why are stocks booming when rates are still high?
- Government spending and national debt
-Powell's legacy
- Bitcoin and the spot Bitcoin ETFs
Danielle DiMartino Booth is CEO and Chief Strategist for QI Research, an independent research firm. She spent 9 years at the Federal Reserve Bank of Dallas as Advisor to President Richard W. Fisher throughout the financial crisis until he retired in 2015. She's the author of "Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America." Danielle's research firm: quillintelligence.com
Follow Danielle on X x.com/DiMartinoBooth
Jim Bianco is President and Macro Strategist at Bianco Research. His wide-ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy. Jim's firms: www.biancoresearch.com/visito... & www.biancoadvisors.com
Follow Jim on X: / biancoresearch
⚡ Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at bit.ly/bitdeercoinstories.
Natalie’s Promotional Links:
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-- This podcast should not be construed as investment advice --
🗒️ IN THIS EPISODE:
00:00 Inflation vs. "truflation"
2:03 CPI, sticky inflation about 3-4%
3:05 Are wages keeping up with inflation?
4:53 Unemployment and jobs numbers
10:23 Bitdeer Technologies Group promo
11:24 Bank Term Funding Program, CRE
16:19 Regional banks
18:12 Recession vs. "no landing"
23:17 GDP vs. GDI
26:24 Fed spending to the rescue
32:07 Bitcoin 2024 promo
32:34 Coinkite Coldcard Wallet promo
32:53 CrowdHealth promo
33:23 What's happening with interest rates?
36:40 End of Quantitative Tightening
38:33 Fixing economic inequality
42:43 Election year economics
53:36 Communities protecting small businesses
54:57 "Time of great change" is coming
57:11 How will Bitcoin perform?
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Producer: Aron Bender / aron-bender
DISCLAIMER Coin Stories is for entertainment purposes only and does not give financial advice. #bitcoin #crypto #money

[@nataliebrunell]

Subscribe to never miss episodes of the Coin Stories Podcast with Natalie Brunell: kzbin.info. Beware of impersonators and scammers on KZbin and all social platforms. We will NEVER ask you for personal information or to send money anywhere. Links to our promotional partners are in the show notes. Thank you for watching!

[@ardathwojteckitl]

Thanks for the update.

[@BernieDoyle-dh7qj]

Yes, the crypto market is really taking off and Bitcoin is in good shape to start trading now🔉✅

[@ElyseBarton-om1sg]

Trading in Bitcoin now is the wisest thing to do now especially newbies beginner....

[@ardathwojteckitl]

Te/e gram

[@ardathwojteckitl]

@Rolandostrategy THAT IS HIS USER NAME

[@ardathwojteckitl]

please make sure you write the USER NAME complete and He's verified

[@cedricstadler85]

Great move calling out that Keynes phrase - and without a seconds hesitation 💪

[@mc-kz8zn]

Keep at it Natalie…if there’s anyone that can orange pill Danielle, you can do it. Her response on quantum shows she doesn’t understand it yet. And both her and Jim are still conflating “crypto” with bitcoin. It’ll take time, but both are super smart and will get it eventually. Great pod. Have them on again after the election in November.

[@nuki3234]

hubristic comment about Qi.

[@mc-kz8zn]

@@nuki3234 Great word! Love that. Actually I'm a big fan of Danielle's, actively listen to a lot of her podcasts and plan on buying her book Fed Up (after I finish reading Broken Money first). Danielle doesn't talk much about bitcoin, because she does not view it as a legitimate player in the world of central banking to which she is extremely familiar. What's odd however, is that for someone with such acumen on how broken...money is... that she doesn't seem to recognize the solution that bitcoin brings given the problems of central banking to begin with. Danielle is very sharp. Very! And I only wish she would spend a bit more time truly understanding what bitcoin is, and how it works. I can only conclude that she hasn't, given all the content I've seen from her - but I could be wrong. I don't think it's a stretch however, for someone who was so embedded with central bankers for many years, that she still holds onto the belief that a central bank run monetary system can still work, and that it should quite frankly. I think it's trust and faith. But, (as Satoshi says) the history of fiat currencies is full of breaches of that trust. I believe in bitcoin, because I don't believe in central bankers. And more people are waking up to this concept every day. I have faith that she will do likewise at some point too. Hope this is a reasonable response. Again, big fan of Danielle's, she been so insightful and is a great resource to learn more from. .02 sats.

[@vitamin-Dz]

Hmm, I didn't feel that Jim was mixing-up Bitcoin with crypto... I felt that he knows the difference... what did he say that made you think he is conflating the two? Serious question, not trying to back you into a corner.

[@OgFurious1]

He just doesn’t portray many of the characteristics of someone with a deep understanding of Bitcoin. The ledger he clams to use as a signing device is an inferior product to standard, best operational security practices. And his claims that UX experience has been abandoned shows that his level of research doesn’t go much beyond main stream media.

[@jinliu3232]

Danielle definitely have known something gonna happen: 1, Quantum matters! 2, Whole-of-world are preparing migration to quantum resistant. 3, Bitcoin is hard to migrate! When that happens! think about it! Google "Trilemma of bitcoin migration to quantum resistant” pls！Sir!

[@CatherineMaddison11]

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Victoria Wiezorek focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

[@LaurenceSterne11]

Wow. I'm shocked that you just mentioned and recommended Victoria Wiezorek. I thought I was the only one trading with her.

[@GardnerTaylor1]

Sincerely speaking. I will continue to trade and stick to Victoria Wiezorek daily signals and guides as long as it works well for me.

[@MichaelDuduit4]

What I appreciate about Victoria Wiezorek is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly

[@Bernardwalton2]

Please educate me, I've come across this before. How can I get to her please?

[@JaidenDittfach436]

Victoria Wiezorek was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Victoria Wiezorek . She is my number one source when it comes to crypto and TA

[@cabbage8562]

Thank you Jesus for the gift of life and prosperity. The success behind every rich person today is the decision they made for themselves, I'm so happy I'm able to acquire my second house in January even as single mom at 41 and I believe if things keep going well I would retire early, All thanks to Mrs Nancy, I really appreciate.

[@atolas11knadil76]

Invest with what you can afford, stay in the game, persist and eventually you will reach a satisfying level of proficiency, Mrs Nancy told me that..

[@gamefreak6861]

We humans are ignorant of profitability in digital investments and that has been the major issues limiting our growth..

[@jovanboles4584]

Absolutely, though My family started with as low as $15000 actually because it was our first time and it was successful, she's a great personality in the state.

[@isaiasvasconcelos5764]

I would really appreciate your helps on her contact details, few of my friends have given lots of recommendations towards her, please🙏..

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美国十𝟏𝟐𝟓𝟐𝟓𝟑𝟎𝟖𝟕𝟐𝟖👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻👎🏻♥️♥️ 人人人人" copy "it this way, "KZbin is frustrating

[@24theMoney]

Jim is 100% right about his take on BTC. The smiles on the ladies faces show that they know he's spot on target. Bring on Peter Schiff next please.

[@kenjohnson3412]

WOW! A team! Natalie, Danielle and Jim. Great job Natalie!!!

[@vitamin-Dz]

This was a great interview. Really enjoyed Danielle's and Jim's various points of view. Jim's take on the Bitcoin ETF has made me think about it from a different perspective -- one which I had inklings about, but he verbalized it succinctly. And great job, Natalie, on the questions and transitions to different topics. Really enjoyed this!

[@ericsxj1975]

I hate to phrase it like this, but the spot Bitcoin ETF argument will die with the current system which is kept on life support by the aging boomer politicians. Bitcoin will live on afterward. Excellent discussion in this interview. Well done Natalie.

[@funkspinna]

Bianco is right about the Bitcoin ETF's, which counters the argument of crypto being "outside the system" and decentralized. Sucking it into the current system, indeed.

[@rawr4444]

we do not know that yet. very early. so early that it is eerie that wall street is so into it. ofc could be just another product for them (def is for many employees in trad-fin considering their atrocious lack of knowledge about the technology) yet considering everything else going on in the world it seems likely there is a plan to use it to subvert it. and even if there isnt, the fiat incentives are still holding on strong in many ways. i wonder what is more important, developing world adoption, or first world adoption. maybe together something beautiful is created

[@pepsico815]

@@funkspinna Wrong. Traditional finance needs Bitcoin, not the other way around

[@funkspinna]

@@pepsico815 Your emotional statement does not refute Blanco's argument. And speaking of traditional finance, Bitcoin is not even being used as a currency, you know, as a medium of exchange. Remember that claim? LOL.

[@smithbrady6173]

Natalie , very knowledgeable . You can interview with the best .thankyou !

[@walterblake1]

I'm so glad these people are on video so we can watch it when btc is at 500k in 5 years

[@bennysats6076]

Wow Nat - way to line up a couple of legends for this show! I think I'll stick to their macro analysis over their btc analysis though 😂

[@nuki3234]

Never before have so many Black Swan eggs been waiting to hatch.

[@ericsxj1975]

waiting for the black swan.... to buy more BTC

[@mr.q8023]

That's a good one.

[@ritmos2380]

Excellent 3 person discussion pver coffee . Well done .

[@MichaelDavid09]

There is no problem with private keys what is this guy talking about at the end lol. Bitcoin doesn't need the ETF (he thinks it does?) Its the other way around. The ETFs need/wanted bitcoin... No one takes custody of gold which is why its so easily manipulated. Most people will self custody their crypto I think in the long run as its wayyy easier than trying to store a bunch of gold or silver.

[@vitamin-Dz]

I think what Jim was saying is that the ETF is not good for Bitcoin. He's saying that Bitcoin being part of an ETF attaches it to a legacy system... a system that actually Bitcoin is perfectly-designed to NOT be a part of... he said that it's just "lazy" for Bitcoiners to accept Bitcoin being sold within an ETF (legacy mechanism). Rather, Bitcoin-centric companies and developers should be working to create systems that are NOT AT ALL a part of the legacy system.

[@Securethemsats]

He’s a load of crap. Private keys aren’t a failure, they are complex but magical/liberating.

[@TheDeezelsmoke]

@@vitamin-Dz huge amount of development happening around bitcoin that is outside the current system, just need to know where to look. Jeff Booth’s venture fund Ego Death Capital has raised billions to invest in Bitcoin ecosystem development

[@biden-putin-stalin]

Natalie asks the right questions. Very Good! Two of the brightest financial minds that the general public has access to are butting heads, somewhat. It makes it hard on us trying to determine the direction of financial markets. There is a great deal of confusion in the markets due to the Federal Reserve interference, and due to the Federal government massive borrowing and spending. Markets don't work well with so much interfernece and manipulation. Good luck to us trying to determeine a direction.

[@marcfd3756]

Great interview of two great guests! Thanks!

[@lesahenderson7365]

Yesterday, 2/18/2024, I was at a grocery store about to buy a case of my favorite tea. It cost $7.99! Three years ago, I paid $4.99. In 2019 I purchased my 2017 Ford Explorer for $23,500. A comparable model was twice as expensive last year. There are many examples in real life & real time that disprove the information that the guests are sharing. This is perplexing because it suggests that I shouldn’t believe my lying eyes ⁉️

[@vitalsigns6403]

Jim looking like a Boss! Inflation “higher for longer”

[@AliBooondok]

Great show Natalie!

[@rdc2321]

Great interview Natalie, you asked the right questions and these are the right guest, it would’ve been nice to allow (especially Danielle) a rebuttal to the other guest before proceeding to the next question. I follow both Danielle and Jim and feel I could learn a lot if I could hear what they disagree on and why.

[@cathypaz3555]

Great Interview! ❤

[@MikeStillUK]

Great convo with two quality guests. Gonna be fun dunking on them both this cycle.

[@Lewismoore6903]

I'm glad I got into crypto when I did because it’s been a turning point for me financially, been my best decision so far.

[@ChristophAdelbert]

I began my investment journey at the age of 38, primary through hard work and dedication. now at the age of 42,I'm thrilled to share that my passive income exceeded $100k in a single month for the first time.this success reinforces the important of the advices mentioned earlier. It is not about achieving quick wealth but rather ensuring long term financial prosperity.

[@Barthuffman]

Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?

[@TimCarter315]

Bitcoin has been falling for a while now and could fall further or close to rise again. The truth is that no one knows, I believe it's the right time to buy and also get a pro's assistant

[@ChristophAdelbert]

I will mention and recommend Elizabeth Wesley. I met her at a conference in 2018 and we have been working together ever since.

[@GraceBanfield132]

Isn't that the same Elizabeth Wesley that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well

[@pepelapiu2004]

Imagine we go back 50 years ago. You had to carry several credit cards in case the merchant did not accept the one brand. You had to scrape your card to make triplicates. You had to fill out the items and taxes to be paid, and sign it. The merchant kept two copies, and mailed one of them to the credit card company. Only a fool would have said credit cards won't work because they are not user friendly. And BWT, you still had to cardy cash as not every merchant accepted credit cards. Bitcoin will get easier to use. But it's not that hard to use right now. Just very different from opening a bank account.

[@mr.q8023]

Legacy finance has it now. Dumbasses should stop selling to the etf's.

[@raw-bot9251]

Jim, viewing ETFs as the end goal for this space oversimplifies the landscape. Consider this: children in Dhaka didn't engage with gold in their daily play, yet today, young people across cities like Dhaka, Vietnam, Seoul, Delhi, Toronto, and Lima are actively engaging with Bitcoin and other chains. They're not just users; they're builders, traders, speculators, and investors. This points to a fundamental shift. You're mistaken to view America as the epicenter of this universe or ETFs as the sole path forward. We're witnessing the construction of a new system, a global movement that's gaining momentum. Developers facing a shrinking job market in the traditional corporate sector, is turning towards this emerging world of Bitcoin and Tao. They're not looking back; they're part of building something new, something different. So tay tuned. We understand you are a bull, but there's no need to lose hope. Including boomers is for boomers, not for us to pump our bags! Don't fall for the noise on X. No one cares about your ETF except for some of those American wankers on X

[@Just21Million]

🧡 the new logo 🚀

[@Sonofawildanimal4241]

It’s nice to have two differing opinions. Thanks for the cast! Has there ever been a time that people were not worried about a recession…

[@davecalico3273]

it’s been sooo great speaking w/u both ?!? Thank you Okay Bye (then the sound of disconnected phone ☎️)

[@jerrycrosby7887]

Excellent! 🙏 Natalie 💜 l adore Danielle ❤️ Jim is fantastic. Natalie when you cut this and put out shorts - please get Jim at the end... I'm gonna digest that some more. 🙏

[@turnerolson7151]

Lost My job as a tech recruiter last July. Luckily I still have a full time job paying much less than the previous job. This month inflation has pushed my bills higher than the paycheck. The combo of businesses cutting jobs and raising prices along with an administration who has done nothing for 4 years has destroyed any surplus I had. This isn't sustainable in the slightest

[@ForesightwithEvelynMiralles]

Sorry, inflation is not going away soon. The market will need to re-adjust. Thanks Danielle.

[@carloselizondo4665]

With regards to Bitcoin I totally agree with Jim Blanco.

[@s.s.6834]

Cześć. Ciekawa rozmowa.

[@sudiptad418]

Love Jim’s view on Bitcoin. We should not forget that it is decentralised and self custody asset. That’s where the bigger use case lies. ETFs will centralise it.

[@OgFurious1]

ETF’s are simply a custodial wallet for the suits and boomers.

[@NicFydd]

Jim is talking as though we had a referendum on the ETF and that we all voted in favour. The only choice we’ve got is to make lemonade when life gives us lemons. However he is 100% correct about self custody and the innumerable obstacles that people have to navigate in order to buy Bitcoin.

[@wavymcfly]

She came at ZeroHedge? Why? What did zerohedge do to her?

[@pepelapiu2004]

I disagree with the man's idea that the BTC ETF is the same as giving up. I have bitcoin and I also have some locked fiat I can't access in a retirement fund. But I can direct it into a Bitcoin ETF, which essencially 10x my Bitcoin price exposure. Yeah, I know, it's just paper Bitcoin. But I would rather invest in paper Bitcoin than in paper anything else.

[@quietlike]

Paper btc is not btc and missed the whole point of crypto. In the extreme case where the dollar goes worthless, your btc etf will be worth millions of worthless dollars while real btc holders will be millionaires in real terms. The etf just give tradfi and govt an opportunity to manipulate btc price and potentially supply

[@pepelapiu2004]

@@quietlike While I mostly agree with you, the fact is that my retirement fund is locked in what we call RRSP here in Canada. I can not cash it and invest it in real Bitcoin. I can however self-direct tgd fund and buy shares or ETF with it. Now of course, buying BTC ETF with it is not a good idea. Bit it's a far better idea than buying anything else with it.

[@timothygould3542]

I personally believe the ETFs will incentivize more adoption and innovation for Bitcoin and crypto. Hopefully it will provide more credibility and push retailers and payment platforms to adopt it.

[@MarcBitcoin]

Bianco is a true bitcoiner! Bitcoin ETF is bad for Bitcoin.

[@gustavodiaz4689]

Natalie looked she was about to cry when both of them told her Crypto are trash😂

[@dukesterdave5725]

I vote Natalie or president!

[@davemiller7076]

You let him off easy Natalie!

[@entropyfu]

Bitcoin needs better critics.

[@AZOpal69]

Buy Kaspa! No etf in site

[@ScienceDenier]

Jim's point that we're all scared is true but he left out the reason we're scared is because we have lost trust in our leaders and institutions and until the trust is restored, no one is going to be willing to move forward in any unified manner.

[@SP-cx2qi]

Self custody and portability is what makes Bitcoin so different. Yes, they could have more control over the ETF's, but Bitcoin gives you the option to hold your own keys and transport your wealth with ease to somewhere more favourable. We've never had this option.

[@24theMoney]

Can't wait for the options chains to start on the BTC Spot ETFs. Let Wallstreet run their manipulation, naked shorting and make billions. AMC 2.0

[@bjd15664]

👍

[@user-jf6yr1pq3p]

Yes, but the jobs going to be for Hi tech people.and not for regular people.

[@user-td3xy8pz5q]

Relistening to this episode gives some clarity. Manipulation is the key to the fiat system, it seems.

[@quietlike]

Bianco is 100% on btc etf

[@bullbutter9699]

My Employees are more productive at home, 10% additional productivity on average , sitting in traffic kills the Soul.

[@AD-qy3lj]

Natalie you need to get saylor back on and address this guys concerns. I am sure saylor would have an opinion on it since he has a lot to lose.

[@user-um6gg3qh7j]

🎉🎉🎉

[@jasonrgann]

It is not about the ' Ai ' it is about who has the data... Without the data what does ' Ai ' do... 💖💖💖✝✝✝

[@Josh-xe5vi]

Lol Jim, the only people that are gonna get 6102ed are the ETF holders. Thanks to the people that are too lazy to learn, the self custody holders win. ETF holders also have the counterparty risk of the issuer choosing which fork to allow in the ETF, vs self custody get access to the "Air drop" of any contentious forks, and the choices associated with that.

[@cryptoshrimp2075]

Watching this makes me realise - I DON'T HAVE ENOUGH BITCOIN

[@throwplasticnotbutts]

Does anyone count the number of unemployed people who are no longer claiming unemployment payments because their benefits have been exhausted?

[@Kevin-eg6vg]

Code is not law in Ethereum Jim.

[@iyaoyasbling6464]

Oh, I’m an idiot now I just just don’t know what I’m doing

[@uncobazz3848]

BTC needed huge liquidity inflation for it to take on a global role as an alternative money and the ETF was the only realistic way to inflate it sufficiently to stand on its own merits of a finite supply with no central control Lets see what it can do from here

[@pauloherrera1298]

I think this guy missed the point of the RFK commercial.

[@gplaycount3154]

It costs too much to repurpose office buildings so let's come together and pass the 100 billion dollar aid bill to Ukraine.

[@christinakinne9790]

MORE LIKE 30%

[@jennifermoffitt7294]

i wish i was home 4 days week.. Nah i work in office 5 days week since 2021...

[@sovereignruler]

Bitcoin is an asset w/o an issuer.

[@monkeyloven]

$OLAS

[@anthonyriseley]

Bitcoin is permission-less Jim. We can’t stop them building bitcoin ETFs… Bitcoiners aren’t one set of people. Some are doing the exact thing you want!

[@geewan]

worse before better!!! 😂

[@gregcapella5941]

#FJB

[@ld4122]

People on a fixed income are being crushed! They aren’t getting pay increases. Elderly are becoming homeless.

[@geewan]

oh man!! lets be clear! i didn’t benefit from any of the free money!!! not fair!!!😢

[@ConradoGuerrero1]

As a newbie about to invest, you must have these four things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advise like Rolando Diaz.....

[@ConradoGuerrero1]

Te/e gram

[@ConradoGuerrero1]

@Rolandostrategy THAT IS HIS USER NAME

[@ConradoGuerrero1]

make sure you write the NAME complete & He's verified

[@HuguesLeDiallo]

Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...😊

[@conazo33]

here's the thing, 75% of BTC roughly 16M are with individuals (hodlers) mostly in cold storage or lost BTC keys gone. Another 9% is with Satoshi and the Miners, roughly 2M. Business and Govts own 6%. THE ETFs only own 4% with the remaining 6% yet to be mined. So who is selling? The tiny amount the ETF has and what is left to be mined won't turn this into GLD or other spot ETFs mentioned. The degen's as you call them are too late to the party. 80% plus aint selling.

[@dwood2010]

Who, other than businesses, got $40,000?

[@mr.q8023]

Quantum Bitcoin, lol.

[@XRP-Alchemy]

Cascading Liquidity Crisis? Ripple XRP to the Rescue. ♒️ ODL: On-Demand Liquidity.

[@donmiester45]

No need for mass adoption. Once the Nation States adopt it as a medium of exchange and store of value, then Bitcoins supremacy will be acknowledged.

[@subsidiarity8839]

Jim Bianco really needs to stay focused on economics. He got out of his depth real fast on politics.

[@antimediabrainwashing6006]

Thank you for speaking out the truth we all know and experiencing. What we could do to save ourselves from high tables’ big liars?

[@BeFlaty]

The guy thinks the US can regulate bitcoin. He clearly did not understand it. Good luck with regulating bitcoin. That went really well in China, Nigeria, Thailand...

[@williamwallace6508]

Jims wrong. Stage a= buy etf. Stage b = buy bitcoin. Sucks knowledge . More knowledge = more adoption of physical BTC

[@bitcoinmiser]

I like Jim. Smart man. But I get the old man yells at sky vibes as he seems very passionate about how Bitcoin will not benefit from further adoption thru the ETF’s. Humankind is traversing uncharted waters with the first scarce finite digital asset. To assert that Bitcoin won’t do this or can’t do that is missing the forest for the trees. No one knows. I’m sure Satoshi wasn’t sure either. Bitcoin doesn’t care if Blackrock buys it. It’s tick tock next block.

[@vitamin-Dz]

He's talking about regulations keeping Bitcoin down, because Bitcoin is now a part of the legacy system and control rules.

[@OgFurious1]

Regulation only affects the people not the network

[@vitamin-Dz]

@@OgFurious1 Yes, that's true.

[@Four_Eyes]

wooo those bitcoin takes were salty, i hope you talk to them again in a couple years and show them that snippet

[@MarkMcelligottPeaches]

In the US and Collective Western countries that peg to the USD, the analysis is based on a constantly debasing asset that is the basis of their economy in the form of USD. The USD is backed by nothing but the end users belief in USD value. With the military battle between US and NATO against Russia it is a very clear example of a 90 billion USD annual cost military up against a 1.2 trillion USD annual cost military with very clear results of the 90 Billion military handing the 1.2 Trillion its ass and this just shows that analytics based on USD valuation is not a good metric now. What needs to be used is Purchasing Power Parity (PPP) which now shows that China and Russia are topping this gradient. This is because both China and Russia have evolved economies that have more actual value than the US and any country pegged to the USD.

[@NeuroPulse]

It's a shame Bianco speaks so strongly about Bitcoin without understanding it thoroughly. He does know that it's a transparent network, unlike gold, right? I understand it was a well meaning pep talk. I just think we can't tell wall street or governments what they can do with Bitcoin in the same way they can't tell us. Because it's a transparent network they can't print fake Bitcoin like the do with gold.

[@nuki3234]

What about that back door in the coin?

[@Josh-xe5vi]

​@@nuki3234show it to me, give us directions to see this back door?

[@Josh-xe5vi]

Yup, bitcoin is for enemies :-)

[@quietlike]

Did you even listen to what he said? He was talking about the etf. You deserve to get crushed in the markets if you can’t even put your emotions aside and actually listen to an interview

[@Josh-xe5vi]

@@nuki3234 could you direct us to this back door?

[@jonathanmusick2571]

I can't believe people still think regulation can stop Bitcoin. It'd be like trying to outlaw a teen from doing that which is done alone in the dark. Good luck

[@donragnar8430]

BTC was supposed to build a new financial system and absorb any remaining value inside the current system. Instead BTC is being absorbed into the existing system. Human nature never changes. Beginning of the end for BTC (and these ends are always preceded by huge price appreciations that appear 'uncorrelated' with DXY). The BTC acolytes of today will be the Peter Schiff's of tomorrow, still talking up BTC like he talks up gold, while it comes under the control of trad-fi - the status quo continues.

[@jackieferrucci207]

BTC is finite. Unlike ANYTHING else on earth. ETF's will only help people that self custody. US government knows they can't ban self custody without all hell breaking loose both financially and politically. First amendment...and too much $ lobbying to never allow it to pass. The rest of the world will embrace BTC no matter what the US does. The only way BTC goes away is if something better comes along or energy suddenly becomes free.

[@donragnar8430]

Your comment reads like a child trying to explain how Santa Claus is able to handout presents all over the world in one night.

[@bitcoincustomerservice2770]

Jim, doth protests too much, methinks.

[@Sonofawildanimal4241]

Oh, this is a Bitcoin podcast…

[@ActiveTravelWestUSA]

She is wicked hot and smart. Wow!

[@silloh888]

Danielle hasn't done the homework. Quantum is NOT a threat to btc as she is implying. Bianco mentions blockchain so he also doesn't know what btc is. ETF's are necessary for now, the new payment rails are being built simultaneously, he doesn' t know, hasn't done the homework. Hopefully ETF holders figure it out and sell & move to self-custody. Has a Ledger, so he is a shitcoiner. Almost there Jim a few thousand hours of homework to go.

[@mickywes3733]

Smart people still don’t get Bitcoin.

[@sovereignruler]

Powell is being exposed as a below average poker player in a high stakes poker game.

[@masterdisaster2273]

God you are BEAUTIFUL NATALIE in every way SMARTS, BRAINS, LOOOKS. IN EVERY WAY ! IF ONLY !

[@MikeStillUK]

The last 10 minutes were so disappointing

[@mgsmith4]

Meh, fiat maxis say what? Honey badger DGAF what these clowns say, Bitcoin is gonna break ALL their models.