Transcription
So what if I told you that the world's largest bank, with $3.1 trillion in assets under management, is right now writing 46-page reports saying every single public company should copy what MicroStrategy has done with their Bitcoin strategy? I wish I was joking, but that is exactly what's happening.
As we can see, JP Morgan's bullish Bitcoin mining stock outlook is now talking about a quote-unquote "huddle premium." But that's not the only report JP Morgan has written about Bitcoin in the past 30 days alone. We are also going to break down the other report that dropped literally eight days ago, where they said that gold and Bitcoin have now become a permanent strategy that everybody must adopt.
So we're going to get into that report later, but I want to jump straight into this huddle premium. Why is JP Morgan writing these hugely bullish reports talking about Bitcoin mining companies and this huddle premium? What do they see about MicroStrategy that others don't see?
Well, we can see here that analysts at JP Morgan have raised price targets on four Bitcoin mining stocks to reflect value from the miners' electrical power assets, but also their Bitcoin holdings. So let's scroll down here to the quote. We're going to show you guys the chart that we have here in a moment, looking at the different price targets JP Morgan is now attaching to these Bitcoin mining companies that have Bitcoin on the balance sheet.
That's right, they now garner a huddle premium from JP Morgan. But let's have a look at the quote. The quote is a little bit of an interesting one, and it says, "We are expanding on our framework by incorporating two things: number one, the value of each company's land and power assets, and then number two, a huddle premium. This gives miners credit for holding Bitcoin on their balance sheet like MicroStrategy."
Now, you guys know I always say this: when one big bank, or one big billionaire, or one large asset manager, or one nation-state, or one pension fund, or one sovereign wealth fund makes a move like this, the others have to start paying attention.
Now that we have a $3.1 trillion bank, one of the world's largest banks, openly saying Bitcoin companies that hold Bitcoin on the balance sheet, we are now raising how we value those companies. We are giving them a huddle premium.
Again, we are going to be talking about the second report JP Morgan dropped eight days ago, where they're talking about why gold and Bitcoin have now become a must-have part of a permanent portfolio. That's literally what the world's largest bank is saying: permanent portfolio. I wish I was making this stuff up, but I'm not.
Okay, we can see it very clearly here: the strategy has become permanent. The gold and the Bitcoin strategy. Now, look, before we get to that report, I want to talk a little bit more about some of the really interesting things I think we're going to see now.
Because we all know there's around—I'm going to show you guys—152 public companies right now that are squatting on Bitcoin on the balance sheet. Now JP Morgan looks as if they're going to be valuing all of these companies with Bitcoin on the balance sheet with a huddle premium.
Again, I really don't want to downplay how big this is. All of your traditional finance gurus, all of your hedge funds, all of your TradFi bros, they take the valuation reports from the world's largest bank very seriously. When a bank like JP Morgan says, "We think X stock is overvalued," or "We think Y stock is undervalued," a lot of hedge fund traders just blindly grab a D.T. and throw it at the D.T. board and say, "I don't know what I'm doing; I'm just going to listen to what JP Morgan is doing."
Now that JP Morgan is saying the quiet parts out loud, I think all of the 383 of you guys watching this live stream at 8:13 on a Sunday night are getting a little bit of alpha. Because there are another 150 publicly traded companies with Bitcoin on the balance sheet, and JP Morgan, in their report that was leaked to CoinTelegraph on December 10th, only gave four public companies a huddle premium because they're replicating what MicroStrategy has done.
Now we can see there are 153 companies with Bitcoin on the balance sheet. So you'll see JP Morgan gave these top five companies here a huddle premium. Let's jump back on over to the report, and we're going to come back here. This here is directly from the report that JP Morgan dropped.
We can see Cipher Mining, CleanSpark, Marathon Digital, Riot Platforms—these guys now get a huddle premium purely because they've got Bitcoin on the balance sheets. Let's jump on over to the list of the 153 companies with Bitcoin on the balance sheet, and we can see it's only really these top handful of companies that have got this huddle premium attached to them.
We can see MicroStrategy, Marathon, Riot, Hut 8, and CleanSpark. What about Tesla? What about Block? What about Boy Interactive International Limited Holdings, who is squatting on how much Bitcoin? 3,183 Bitcoin. What about Similar Scientific? What about Metaplanet? Those other companies weren't included in JP Morgan's report where they attached those four Bitcoin mining companies with a huddle premium.
Well, again, I just buy Bitcoin; it's all I do personally with my money. I don't touch stocks. I don't like having money tied up in brokerage platforms. I like to have complete control over my money, and I like to have complete sovereignty over my money.
But all I am saying is, hey, if JP Morgan's attaching huddle premiums to four companies that are replicating a Bitcoin strategy, do you think other companies who are doing similar things will also get that huddle premium? Just a question. I'll let you guys do with that information what you want to do with that information.
But again, I would be looking very, very closely at when Similar Scientific or Metaplanet or this one, Boya, when's Boya going to get a huddle premium? These guys are all top 20 holders of Bitcoin on the balance sheet. We do know that Similar and Metaplanet actively stack in Bitcoin like MicroStrategy and Marathon.
Just some interesting data points. If I was a stock picker, I'd be having to look at this list. I'd be having a look at the Bitcoin miners, and I'd be having a look at which ones are actively employing a MicroStrategy treasury strategy, actively buying more Bitcoin.
And I'd be having a look and having to think about when they might get that huddle premium from JP Morgan. If you guys are bullish, smash the like button; we'd appreciate that. It is pretty late over here on a Sunday night. I'm surprised I've got so many of you guys in the live stream.
But again, I don't think it's every day we have the world's largest bank, a $3.1 trillion bank, dropping two reports on Bitcoin within 30 days of each other. Let's dive into that second report. We've had a good look now at the first report looking at the huddle premiums.
Well, you know what? I want to show you some more stuff from the huddle premium. I'm not done. I'm not done talking about the MicroStrategy replication I think we're going to see.
So we can see here MicroStrategy right now is valued at a 2.4x multiple based on their Bitcoin holdings. That's where MicroStrategy is. Let me really break this down for you guys so you know what that means.
Okay, so we can see MicroStrategy squatting on $42 billion of Bitcoin. They hold a little bit of debt, but their valuation is at $80 billion. So that's where that 2.4x number comes from, guys, just so you know.
Let's jump back on over the report. So MicroStrategy, the analysts at JP Morgan found that MST's valued at a 2.4x multiple to the value of its Bitcoin treasury. Interesting. The analyst also found that MicroStrategy is up a lazy 450% year to date, meanwhile Bitcoin's only up 125%.
And now this is where they start looking at some of the other public companies that we showed you on the list over at Bitcoin Treasuries. They're naming Marathon, CleanSpark, and many others. But what JP Morgan did note in the report was that the second quarter of 2024 was a historic quarter as Bitcoin miners navigated the fourth Bitcoin halving.
Again, these miners that have just got a huddle premium, JP Morgan is saying, "Hey, look, this is pretty good that these Bitcoin miners have been able to survive halving in the amount of Bitcoin they get paid every 10 minutes."
Again, the halving happens every four years for those who are new here, and in early 2024, Bitcoin had its fourth Bitcoin halving, where the block reward was cut from 6.25 Bitcoin paid to the miners every 10 minutes to around 3.15 Bitcoin paid to the miners every 10 minutes.
JP Morgan is saying, "Hey, that's interesting; they survived that." Interesting. And JP Morgan is saying, "Look, these miners that we're attaching a huddle premium to not only are they holding Bitcoin on the balance sheet like MicroStrategy, but these cash-heavy mining companies are acquiring other miners with the ability to increase their power pipeline."
So again, those are the two factors that Jamie Dimon and JP Morgan are looking at in this new report. These companies are expanding their land value and their power assets, and they are huddling Bitcoin, which is why they get that huddle premium.
Again, I think everybody should be holding Bitcoin like these Bitcoin mining companies. Again, we are in a moment going to talk about the interesting pivots that our good friend Jamie has been making in 2024, and we're going to be explaining why we need to watch what Jamie Dimon says.
Well, sorry, we watch what he does and we ignore what he says because he's saying some contradictory things about Bitcoin recently. In particular, we are going to have a look at this next report, the one that I think is really interesting, talking about gold and Bitcoin.
But I think before we get there, I just want to encourage you guys. I'd encourage you guys to copy what the miners are doing. As Rock in the chat says, "Miners are not Bitcoin." Very true. Be very careful.
Like I said earlier, I only hold Bitcoin. I don't hold any Bitcoin mining stocks. But these Bitcoin miners are now holding Bitcoin out of necessity. I think everybody needs to hold some Bitcoin in self-custody out of necessity.
Okay, we do. I think a lot of people are very long MicroStrategy, and don't get me wrong, you've outperformed me over the past 12 months. We might even talk about what is the optimal portfolio allocation at the end of today's stream because I get asked so many questions about MicroStrategy.
But again, I'm personally 100% Bitcoin; that's just what I do. I like to have Bitcoin in self-custody. I like to hold Bitcoin in my own hardware wallet. I like to back up my Bitcoin private keys—that is your 12 and 24-word seed phrases—on these puppies right here on titanium plates.
Okay, so these are little plates that you guys can back up your 12 and 24 words on. As you can hear, that's titanium, baby. That's the real deal. We're not talking about stainless steel; titanium is the way you should be using.
The thing you should be using to back up your Bitcoin private seed words. Again, if you want to get anything from Stamp Seed, I always hook you guys up with that 15% discount code on anything you want to buy from Stamp Seed. You can use that promo code linked down below in the description, "LUKE15," and that'll get you 15 big ones or 15% off anything you want to buy from Stamp Seed.
Again, be like the miners; replicate what the miners are doing. Replicate what is catching JP Morgan's attention. Hold on to Bitcoin; get your own little huddle premium, so to say.
Allight Hi has even slapped it in the live chat for you guys. It could not be easier to look after your Bitcoin and treat it as if it was generational wealth. Then Allight Hi has made it in the chat right there. Look at that; he's linked the promo code and even the link to Stamp Seed. What a legend. Thank you, my friend.
So that's a little bit about the huddle premium. I want to talk a little bit more about this second report, the gold and Bitcoin report that Jamie Dimon and JP Morgan dropped around seven days ago to the day. Because again, yes, all these headlines are interesting on their own, don't get me wrong. There are a lot of headlines that are interesting, and there's a lot of people who read the news really well, and that's great.
We try to do things a little bit differently here, and I think there's a broader story here about Jamie Dimon. Why is the world's largest bank dropping two Bitcoin reports within 26 days of each other? Just think about that timeline.
Let's look at the second report. Let's look at the one that was dropped in January. This was dropped on January 5th. This was actually looking at gold and Bitcoin. Jamie Dimon now believes that they have become a part of a permanent—you heard that right—permanent strategy in portfolios. Nope, I'm not joking here.
I actually have the source. I have the secret source, and I have the 46-page paper that Jamie Dimon and JP Morgan wrote. Again, you might notice that the previous report we looked at was a little bit different. I couldn't actually get the source. I looked for maybe over an hour just looking for this article. I always like to take you guys to the original; couldn't find it.
Why? Have a look at the very top of this article here. So this report was shared with CoinTelegraph on December 10th. Don't get me wrong; I looked for the life of me for this report; couldn't find it. You guys can see what I've just highlighted here: according to a December 10th report shared with CoinTelegraph.
A little bit strange. Ask yourself the question: hmm, why is that report not public? Was that information leaked? Could be. Maybe this is a little bit of secret source for you guys. But the report we're about to be covering is very public.
And again, I've had a look at the large majority of this report. As you guys can see, this is 46 pages. Look at this puppy; this is nuts. There's all sorts of charts, graphs. This is also looking at the liquidity environment. This is also looking at the central bank balance sheet. JP Morgan is forecasting whether they think they're going to see a recession or not.
This is a detailed report. Bitcoin did get a lot of mentions in this report on 17 occasions, mind you. Did the world's largest bank feel the need to mention Bitcoin amongst all of this macroeconomic jargon? Have a look at it.
Again, I've been saying this for a long time: Bitcoin is macro. Now you cannot be a macro analyst without having an opinion on Bitcoin. We've been screaming that from the rooftops for a while, but I do believe it is absolutely true. You can call yourself a macro analyst all you want, but Bitcoin is macro. It's the most macro investment there is in the world.
Now let's have a look at this summary. This is way down at the bottom of the report. This is on page 39. They're talking about summaries, and we can see here—I really tried my best to highlight this the best I can—but JP Morgan found that institutional allocations to digital assets may rise to 7% by 2027 versus the current allocation of 1 to 5%.
I'm going to blow this up as big as possible for you guys. Check that out. We can see here 70% of institutional investors plan to increase their exposure to digital assets over the next three years.
We're going to ignore the shitcoin stuff there. What we are going to show you is 93% of financial institutions now handle Bitcoin in some shape or form, primarily driven by ETFs. It's a lot—93%. It's a lot of institutions right now allocating to Bitcoin.
We can see here 33% of these institutions have at least 10% of their portfolio in crypto versus 20% of institutions in 2021. It's a pretty big jump.
So this is, again, the summaries of what JP Morgan is looking at in their report. We can see they have little 10 takeaways here. Oh, look at this. I would take the under on this one. It's a little bit more of a macro one. We'll come back to the Bitcoin stuff in a minute.
Argentine dollarization will fail if implemented. I'm going to take the under on that one. Again, there's even—I'd encourage you guys to just go to this report, have a look at some of the other interesting predictions that JP Morgan is talking about.
There's even some that are health-related. Have a look at that. I don't even want to say the word on YouTube, but I encourage you guys to go check out that report and read prediction number 10 right there. You guys can see it on screen. Boy, oh boy, it's a little bit of an interesting one.
I'm not going to ruin the party and read that prediction out loud. Thanks for joining the party. Thanks to those who patiently waited for me to join the stream. I might have been late. I am without the glasses. Sorry, Spencer, had to do it, my friend.
I'm telling you, those lights are getting to me. I'm going to stay up. I'm going to be up all night. It's 8:30 where I am, staring into these lights, creating live streams for you guys. I apologize.
I'm bringing Bono back. Rock VTM's in the chat two days in a row. Come on, we're doing more live streams than that. I reckon I've done about 15 in January already across the two channels we do live streams from.
There’s always a bit of fun in the chat, don't you worry. We'll come back to the chat in a moment, guys, but I want to talk about the gold angle to this report.
Again, we said that JP Morgan was saying that gold and Bitcoin were becoming a part of a permanent strategy for portfolio allocators. We talked a little bit about the Bitcoin element, haven't we? We have. We talked a little bit about why institutions are getting bigger and bigger into Bitcoin.
We've done that. What we haven't really talked about is the gold angle of what we're seeing right now. So we're going to be talking about the gold angle, and I want to jump back over to this article because I think it gets the key points really nicely.
Have a look at the subheader here: "A remarkable strategy report about Bitcoin and gold was shared by the giant bank JP Morgan." That's nearly a title I'd use for these YouTube videos, don't you think, guys? How about that? That's a banger. That is an absolute banger.
I respect a good spicy inflammatory YouTube title. Again, I get a little bit of heat for my titles sometimes, but I always like to say I'm never clickbaiting. Everything I say in my titles is true. What's today's title? Let's have a look. "$3.1 trillion giant drops a MicroStrategy bombshell in a new report." I'm just reading the title now. That's true. All of that's true.
As much flack as I do get for my titles, let's have a look at what JP Morgan is saying about gold and Bitcoin. JP Morgan analysts remain bullish on both gold and Bitcoin. In October, they predicted a bullish outlook for all "cryptocurrencies" in 2025, driven by bearish trading and increasing institutional adoption.
Again, that is what they mentioned in that big 46-page whopper of a report that we just showed you guys. We can also see investments in physical gold, gold ETFs, and other instruments now represent a significant portion of global non-bank investor assets, and that number is growing.
Mind you, something else they said in this report: Bitcoin is becoming a more important component of investors' portfolios. Again, we do believe that Bitcoin is slowly but surely demonetizing gold.
What's really interesting is here the analysts wrote this: "The rising gold prices over the past year have far outpaced movements implied by dollar and real bond yield changes and likely reflect the reemergence of the depreciation trade."
Now again, I want to show you guys a really cool chart. Please forgive me while I look for this chart of gold versus real yields. I didn't have time to find this one for you guys. I was a little bit late getting this live stream going, but what you're going to see is all correlations right now are breaking down.
Things that used to be correlated for 50 years—all of these beautiful models—they're breaking. They're breaking as I believe we are watching the death of the global sovereign debt market. The world is dumping treasuries, and we are starting to see gold and yields really kind of break apart, so to say.
This is kind of the chart I was looking for. This one here, I would love an updated version of gold versus the US Treasury bonds. I'm still hunting in the background for you guys. If we have a little bit more data on this, you'll be able to kind of see what I'm talking about.
But this correlation is now breaking down because people just all of a sudden are doubting treasury bonds are as useful as a lot of the TradFi guys think they are. I don't think they're useful at all, personally. I think people are dumping sovereign debt. People are saying enough is enough.
People are saying we want out. People are saying we don't trust your stupid confetti paper fiat money. We're getting out of here. This is why we're seeing people leave the West. This is why we're seeing people adopt Bitcoin.
Okay, people are saying enough is enough. I want Bitcoin. Even the Bitcoin miners are saying that, and they're getting a huddle premium, which is incredible.
Okay, people are saying I want out of the West. I'm still going to try to find you guys a better chart for this. I know I can find a better chart than this one. I'm absolutely sure of it.
Maybe I shouldn't say I—maybe I shouldn't make such bold statements like that on a live stream when I'm struggling to find you guys a good chart. How about that?
What I will say is that I think it's pretty clear the world is dumping treasuries. Everybody's actually talking about the treasury rout that we're seeing right now. If I pull up that chart, I'll be able to show you the treasury out. People are absolutely dumping treasuries like no other, and people can't really make sense of it.
People are saying, "Hang on a minute, why are yields skyrocketing? Why is this happening? The Fed's supposed to be kind of helping yields; yields should be crashing. Where's this recession?" The recession nazis have been predicting crashing yields for a very long time.
They've been predicting this chart is going to go down; yields are going to go down because people are going to buy bonds in a recession. That's what the recessionists are predicting—the euro dollar maximalists, so to say.
But this chart here completely contradicts that viewpoint. Why are bond yields going up like they are in this chart? That means investors are dumping bonds; they're not buying bonds.
Again, what's our simple bond math? If somebody buys a bond, that means there's more demand for bonds, and that means yields go down. If yields are going up on bonds like they are on this chart—this is the US 10-year yield of bonds—that means people are dumping bonds.
People are saying two things; maybe they're saying three things. They're saying we don't believe a recession is coming, and so we are dumping these toxic pieces of trash called bonds.
First thing they're saying. Second thing they could be saying: we're in a sovereign debt crisis. All of a sudden, we want to dollarize. We want to not hold sovereign debt in our treasuries; we want to hold gold and Bitcoin in our treasuries as a hedge.
I mean, maybe just maybe this is what JP Morgan is talking about in their 46-page whopping report where they said gold and Bitcoin have now become permanent parts of a portfolio strategy. Again, it could be. I think that's what we're seeing here.
I think we're seeing the world's largest bank exposing the quiet parts out loud. James, dump your bonds, my friend. Yes, my male, this is very live, and there is a lot of glue in my hair, as you can see. I have a lot of—I have some pretty wild hair.
I've got a pretty wild haircut, a lot of glue, and a lot of hair wax in this puppy. Let's have a look at the chat before I give you some more thoughts on Jamie Dimon and the interesting backflip I think we are seeing by Jamie because he's come out with some interesting comments recently.
I'm going to get to that in a minute. Oh, Lou, thank you, my friend. $10 Super Chat. That's what we're doing on this channel; we are spreading the good news of Bitcoin. Again, it's—yeah, I'm just going to say thank you for the Super Chat, Lou. I really appreciate it, my friend.
Maybe I'll go and buy some more glue for my mop here. How about that? Or maybe I'll go buy another set of red light glasses to trigger my friend in the chat here. I wonder if he's—wonder if he's popped out, who roasted me for my blue light-blocking glasses.
Spencer, maybe I'll go buy another set of sunnies to annoy Spencer. Just kidding, Spencer. I apologize, my friend. Health is wealth, you know what they say. Health is wealth, and I really am—I need to take my health a little bit more seriously.
Let's just say that I'm 28, and I'm getting old. Speaking of health, if you guys are in the market for health insurance and you don't want to get scammed by the thousands and tens of thousands of health insurance companies who are scammers, again, who's tried to go to the doctors and they thought, "Okay, I'm going to be good; my health insurance company has my back. I won't have to pay anything. Surely, surely I won't have to be negotiating with doctors."
No, I won't have to do that; I have health insurance. Well, a lot of people get a nasty surprise when they go to the doctors, and they find out that not only are they not insured for how much they thought they were, but they have to handle all of the negotiations themselves.
That's obviously why we've recently partnered up with Crowd Health. Crowd Health is a crowdfunding alternative to health insurance. Again, they're a Bitcoin-backed company, and they will handle all of the negotiations that, let's be honest, nobody wants to touch in a time of crisis or in a time of a health crisis.
Okay, highly recommend you check out Crowd Health. I think they're a cool company. They're a Bitcoin-only company. You guys can get a massive discount in your first three months of health insurance if you use the promo code "GREEN CANDLE." That's one word, and it's also linked down below.
I believe you only have to pay 99 big ones for your first three months, so definitely check out what Crowd Health is doing. I don't believe that my male is 92, and I agree with Bob here: it's not long until doctors will take Satoshi for payments.
Okay, I mean, look at how crazy things are now. We have a $3.1 trillion bank, the world's largest bank, openly writing two bullish reports on Bitcoin in the past 30 days. We've come a really long way, guys.
So it's G to happen; doctors will soon be taking SATs for payment. I'll be wearing these sunnies in the bear market because I know I'm going to be doing live streams at night for you guys in the bear market.
I'm sorry if I'm distracted; I'm just watching the chat that you guys are blowing up. The reason Luke was late was because he was eating way too much. I did shovel an apple down my gullet a couple of minutes before this live stream.
My boy Green Candle exposes me. For those who don't know, we are living together, me and my boy Green Candle. Tell Luke to buy some red light glasses. I didn't even see the comment here, my boy, but that's the direction I took it.
We are living together here in Medellín. We're even putting together a mastermind on Wednesday. I'm trying to move the pillow so I can see the date. I do have a pillow here, by the way. I do everything to try to improve the audio quality for you guys.
But anyway, me and my boy Green Candle are hosting a mastermind on Wednesday, the 15th. Again, if you're in Medellín or you have some friends attending the Bitcoin conference that's happening on Friday this week, again, come and check out what me and my boy Green Candle are putting on on Wednesday.
We're going to be throwing a little bit of a mastermind. We've been lucky enough to potentially lock down a pretty swaged-out Airbnb, mind you, to come and put on a nine-hour conference for you guys where there's going to be free food, free drinks, five confirmed speakers, multiple Q&A sessions, a lot of workshops teaching you guys how to do honestly anything that's useful that a lot of us were not taught about in school.
Creating online businesses, monetizing online businesses, creating YouTube channels—literally anything regarding the Bitcoin or the online business space. We even have a special guest giving a couple of talks about health-related topics. We have some very special guests as well that we're not going to announce.
But again, as you can see, the place is pretty swagged out. So I think even just coming and taking a couple of new profile pictures for your Tinder profile might be worth the ticket prices alone, guys.
Again, if you're a viewer of the live stream, if you PM me a message on Twitter or follow the link to the website down below, you'll find yourself in my boy Brandon's Telegram chat. We'll hook you up with a discount on tickets because you're a YouTube consumer, so to say.
So again, if you're here on Wednesday or if you have any friends here on Wednesday, send them our way, and we'll put on a little bit of a shindig for them.
Here we go. Look at him. Look at my boy here in the chat. Luke just takes all my ideas. Incredible, incredible. Definitely give my boy a follow. In all seriousness, what is the name of the channel? It is Green Candle. That's my buddy's YouTube channel. Definitely follow what he's doing.
Look at that. Allight Hi is even putting the link in the chat. Go check it out. Something we need to keep an eye on and continue checking out is what JP Morgan is doing.
Okay, I think we're seeing some really interesting things happen here. I think when the world's largest bank is publishing 46-page reports on Bitcoin, that's big. That's bullish. They're saying gold and Bitcoin are a part of a permanent strategy.
They're openly saying in a different report, coincidentally released only 20-odd days apart from this gold and Bitcoin report, and they're saying, "Yeah, you know what? These four public companies, these four Bitcoin mining companies, we are giving them a huddle premium because they are replicating what MicroStrategy is doing."
Again, if you are one of the 1,225 of you guys who joined late, you can rewind this stream and find out all of the secret source that we've kind of put together regarding Jamie Dimon and JP Morgan.
I think it's really interesting that in private for his investors, he's writing these bullish reports on Bitcoin, but in public, Jamie Dimon is going out there and saying, "I'm sick of talking about Bitcoin; don't ask me about it again."
How the hell do you even know it'll stop at 21 million coins? Why is he saying that publicly, but in private, he's writing these bullish reports for his investors, saying really positive things on Bitcoin?
Again, some people might say, "Oh, but those are just analysts at JP Morgan." It's a fair argument, but again, I don't think 46-page research reports written by JP Morgan analysts don't at least get the nod of the head or the tick of the approval by the big dog Jamie Dimon himself before they get published to investors.
Just again, that's just speculation. I don't know, but do you really think analysts at JP Morgan are allowed to publicly release 46-page white papers unless it was something that Jamie Dimon endorsed himself? I don't know, just speculation.
You know what? I'm going to say one more thing because our favorite Peruvian Bitcoiner, our regular one of our regulars here on the channel, Rock VTM, single-handedly just became a sponsor of this YouTube channel through the multiple super chats he sent us.
He's going to leave us with the final thoughts for today: Bitcoin is a pet rock Ponzi scheme to in made you. That's what Jamie Dimon and the elites are telling you in public. I'm always going to encourage you to watch what they do privately.
Thank you so much again for the $50 Super Chat, Rock. I saw you leave a comment earlier in the stream. Again, I'm still shocked at how many comments are in these live streams. It's nuts.
I might have to subject myself to the blue light here for a minute. I can see a little bit better without them, just a little bit. But yo, it's an interesting flag there, Rock. I'm going to be in that country in about a week's time.
So if anyone wants to catch up with me in Peru, I'm going to be there. Again, trying my best to not dox myself or the location of anyone tuning in. But if anyone's in Peru, come say good day. If anyone's in Colombia this week, come say good day.
Thank you so much again for the Super Chat. I really appreciate it, Rock. I also appreciate the Super Chat from you, Lou. Thank you so much, my friend. Appreciate it. Appreciate all of the 1,299 of you guys tuning into this live stream.
41 minutes—oh, I'm sorry. I didn't—I honestly didn't mean to talk for 41 minutes. If you are here and you survive 41 minutes of me ranting, talking about JP Morgan, you're probably going to like a live stream I ripped earlier in the week talking about BlackRock and some more bullish reports coming out of multi-trillion dollar asset managers.
After this live stream's finished, there's going to be a link to that live stream somewhere around there. With that said, thank you so much to everyone who tuned in. I'll catch you in the next one.