The REAL Value of Bitcoin

Welcome to RIGGED [against you], the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka AAMS of Cornerstone Asset Metals.

 

This is RIGGED. I’m Terry Sacka.

Today. We’re going to talk about the intrinsic value of Bitcoin and some of these other assets. Uh, there’s a really big debate, swirling around a happy Friday to everyone. It’s a beautiful spring day. Uh, but, uh, Bitcoin is a little twist here. So I’m going to give you just kind of a little bit of an angle. Um, that’s not exactly taken out there now. Some people have this position, but I just want you to listen through and understand why I’m going to make this claim. Because I do understand Bitcoin, uh, is probably looking to go to a hundred thousand. I know people will think it’d go up to a million. I mean, they’re, they’re pretty positioned in it. Bitcoin is a currency replacement it’s designed to, it was anyway, it was pitched as a design of a form of money, which it’s not exactly money.

Although definition of money is storage of value over time. Obviously Bitcoin has done just that, hasn’t it. Uh, but money is different. The money is something that it can be taken put in your pocket. It has anonymity. It is private. Oh yeah. That’s what Bitcoin was supposed to be or is right. But folks, it’s not, that’s the thing about Bitcoin. It’s not now. Yes. There is a point to point transfer. Um, to some extent, yes, it does have an, an enemy. You you’re just sitting here going, okay, I can do a transaction. Nobody knows it’s not going through a banking system. Um, it’s knocking to, uh, go through a check clearing process. It, if it’s a wire, it doesn’t have to go to the bank of New York and get vetted, you know, for red flag stuff. And it’s just something that does have, so a perception of value that is private, but here’s the problem.

It is in a blockchain, in a blockchain really is transaction to transaction connected. If you just think of a, a chain itself, how each link is connected, this is exactly what blockchain is. And the crypto that you own has a very, let’s say Bitcoin has a very specific address and it’s a doozy. So for any of you that haven’t gotten into it. I totally understand, but just understand this, is that the address that each of your koan or your wallet has is yours. It identifies that volume and that, that Bitcoin, well, here’s the problem. If I’m an Intel agency, all I have to do and don’t think for a second that they’re not, or they don’t have the ability to get into the blockchain. I don’t buy it for nothing, but once you have someone’s address, you can go through a blockchain and find a don’t think, Oh my gosh, if you just look at like the NSA type of computer farms, they have the server farms. I mean, do they have unbelievable computer power governments? The computer power is so strong. They can collect so much data. Now we know this because Edward Snowden released tremendous amount of documentation showing how our Intel agencies collect every single email, every single phone call, they every kind of transaction on the internet has categories in there

Electing the data. And they

Huge server farm, probably a couple of them, uh, that, uh, control is data and information. And it’s not exactly like they can just go in and say, okay, you know, let me check out John and see what he’s doing right now. Although they could, I was told it’s more like a pill

Pyramid scheme. When you think of a pyramid,

They start out at the bottom rung. And if they have to, they can escalate

It. They can go up the chain

In all of the information to start digging and mining you. And then before, you know, it, every email, every credit card charge, every single thing that is digital becomes available, ready to the point. They can probably, well, I was told it this way, that at the end of the day, I can tell you

What kind of dog your neighbor has. How do you like that one?

So the point is it’s an escalation issue. And from what I’m being told by the, you know, sources that are involved in all of it is that the information is there. But you know, there’s billions, if not trillions of things, a transaction is taking place on a daily basis. So obviously it’s not being real-time monitored.

Well, here’s the problem with that artificial intelligence and quantum computing, right?

Once we get quantum computing at a level, which it almost is, but once we get it at, at a level that artificial intelligence can work right with quantum

Computing, you’re going

To be able to do literally millions of transactions, a second and collect data in such a portfolio that within minutes, they can have all the information in the world who your contacts are and go too deep. As they like to say to their contacts, their contacts, and immediately resolve any issue they think they have with you. So that address that’s attached to the cryptocurrency coin

Is very similar

To, um, anything else where they could take that address, go through the blockchain and they can find out every transaction you do with Bitcoin. So it’s acting as a money source or a currency, but it does not have privacy. Like you think not even close. So what I would be recommending if you’re going to be holding onto Bitcoin for, or any type of coin like this for some time, don’t think

That they don’t know.

Don’t think the IRS can’t find

Out, don’t go there now.

I don’t know, you know, what the rules are exactly in the IRS. So, you know, when it comes to this, I know they’re going to be looking into it. Once this pandemic stuff gets through, there’s definitely going to be a division. If not already devoted to this,

Don’t think they don’t know you don’t.

You want to have some major money being made in Bitcoin or cryptocurrency and not report it to the IRS. That is a really bad idea. Not only about not reporting, it becomes tax evasion, but at the same time, they could come up with even darker

Penalties to discourage

Ever again, anybody doing it. So be very careful if you make money, just, just chalk it up is making money and report it because it’s, it’s in the chain. And they know now when it comes to the value of Bitcoin, I understand that, you know, many believe it’s going to a hundred thousand beyond. Um, honestly my take is it’s probably more closer to

Zero, zero.

I know a lot of people find that hard to believe. I matter of fact, a lot of people think Bitcoin is going to displace and it will be a world currency, uh, similar to right now it’s the U S dollar, which is our transactional global reserve currency, or at least the main one that people like to do for settlement. But don’t think for a second that Bitcoin’s going to be allowed to stay there. Now I know there’s an argument with it, but I’m just going to flip on the other side folks, and you had to have to understand him

Street, empires governments. There is no

Way we’re walking into a great reset in there trying to realign the whole global economy. And they’re going to let you walk out the door with all of your wealth in a, in a private Bitcoin. It’s not going to happen. Like in, as an example, the governments we’ve already talked about are coming out with their own central bank, digital currency. Now it’s not a crypto currency. It’s going to be, you know, the form of, for that government. They’re going to call it like a form of a Fiat. Although I contend that the digital can be Fiat because you, you can’t take it with you, you know, at least a dollar bill or, uh, you know, with a hundred dollar bill in your pocket. And nobody knows you

Have it. I could have a walk around, you

Know, with a thousand dollars in my pocket and nobody knows now. Yeah, you could do that with Bitcoin too, but it’s digital. So if anything happens to the internet, if there could be hacked, there’s a myriad of problems. If I know that ad

Address, we can then track through. So is it

Example China is leading the way now. Remember not only are they leading the way, but they got the okay from Swift and Swift is the United States controlled interbank transfer system from bank to bank globally. And so vast majority just about all companies as they do purchases globally,

You Swift, it goes through a clearing house controlled by the United States. And it’s a way

Banks transfer money from one to another. Now Russia has created your own version of Swift, China and Russia definitely have been working on this. Um, Swift is what we were using as the control mechanism to keep countries in line. If you didn’t do pretty much exactly what we wanted, we would,

We cut you off of Swift and that’s not

Good because if you’re cut off a Swift, of course, then you can’t do international transactions. Greatest example, back in the day with president Obama, uh, there was a French bank that, uh, went, uh, against the sanctions and did business with Iran. And then they got multi multi-billion dollar fine handed down to them. But here’s the problem. The fine was handed down because they, uh, they avoided the sanction and they bypass what we decided, which was appropriate. Well, the bigger problem with that is they cut them off a Swift. You either pay up this fine, or you’re never going to do international transfers again. Now the irony of all that is we turned right around after we placed all that restriction and fine on a French bank, which is a, another countries bank. What did we do? We dump literally billions into the lap of the Ayatollah is, and we dropped off cash on the tarmac forum. So we were basically hypocrites, which we are all the time. Anyway, uh, especially on the left side of politics at, uh, biggest hypocrites in the world, pleased, you don’t do anything. They even know we’re doing it. You can’t, that is just a rages, but it is. It’s true.

So the Swift is what they use to control while they’re losing

That element. But Swift gave the Chinese right now, the, okay,

What does that tell you? It

Tells you they’re letting the Chinese get the groundwork started on this technology, and then they’re all going to implement it. Eventually you see China’s digital currency is about to disrupt the money. Subsystem itself, more than 60 countries have initiated moves to study the issuance of a digital currency. Now for a while, they will co-exist with their equivalents on paper, like these dollar bills and such, and with a growing use of crypto currency, as they stabilize their value, welcome to the disruption of money. The repercussions will be enormous because these digital currencies, once taken hold, you better believe Bitcoin’s going to zip zero negative. They’re going to, they’re going to make it illegal to do a Bitcoin transaction. And some people say, well, you can’t because then you have to control the internet. I’m just telling you folks, the governments can be pretty ruthless. And

I don’t believe I actually

Want to put on a conspiracy hat and say the cryptocurrency was created by our Intel agencies to get people ready, to accept a digital money system, let them make money, let them go out and think this is the greatest in the world. Let them rip it up, let them, you know, I got a, um, some information look, text message from my nephew. And he was all gigged up. He goes, he made a bunch of money on doji coin. And I said, yeah, that was awesome. I said, but remember doji glue was curated as a joke, so get ready to sell because there’s really no intrinsic value there. Um, but the point is, you know, they’re really, they’re working up the psyche because who kid and who there’s value in some of this cryptocurrency. Now some of the cryptocurrencies I believe will stay around.

They actually provide a service to the internet,

Uh, especially like feta and light coin can easily replace a banking system. I mean, there’s some real good value is some of the crypto coins Bitcoin itself doesn’t really have anything like that. It’s really more of just a form of money, global money that we can transfer from one to another. But you just have to understand that the central bank, digital currencies are coming. I believe in the United States, we’re probably two years, maybe three years away.

Very bad idea, very bad. Okay.

Because once they take us cashless and we no longer have the privacy of having money in our pocket and buying and selling from one another without,

Um, deep dark eyes and overlords of the, of the elite, then you’ll understand why

Need always maintain a free form of currency. That’s why I’m a big fan of obviously of silver and gold because silver and gold is always money. Silver and gold can never go to zero. Never has. And it is private. Now one day hit and they may make that illegal. Uh, but Silver’s an industrial metal. So it’s not the same gold I could see as tier one. They might make illegal or the price just be so inhibitive. But I like the tangible asset nature of it. Something that I can carry in my pocket. And that’s the history of golden silver. You see, you know, back in the day, merchants didn’t want to, especially in China, they didn’t want to go around with bags, heavy, heavy bags of golden silver. So they created paper notes that they can take to an institution or some kind of bank, and then exchange that for the physical gold and silver coin.

It was a promissory note. But as all countries through a history, they started printing promissary notes. They didn’t have the gold and silver to back up and therefore it goes bust. But just understand that there is a big difference in value. I don’t believe cryptocurrency. I do think we got to run here again. I think they’re allowing it to happen because they’re number one, they’re working on the technology. They’re getting it down for all the central banks to interact to. They’re allowing China to take the lead and you better know anybody that’s taken a lead like the Chinese they’re communists. There’s nothing good about it. It’s truly about enslaving the masses. So when they get that serious, they’re setting

Us up. Yes, he take advantage

Of it right now. Why not have some fun, make some money in crypto, but understand that they can control the, the passage of this digital world. They can turn on and off literally per country, certain elements of the internet, and don’t think they can turn off Bitcoin if they wanted to. So be very, very cautious because I do believe in the end of the day, when these digital currencies become real, they’re going to zero. A lot of these bigger, a lot of these cryptos, they just are, some of them will stay because they provide a really good service. But in the end,

The governments, central banks, digital currencies will be

The only one standing because that’s what they’re going to allow.

So

Have fun while you can. I don’t believe the value is going to be there forever. Um, of course it could be a revolution of, of people, populace revolution of people around the world where maybe they revolt and don’t allow this. I highly doubt it. If we let them lie to us about this plan, DEMEC, you know, the virus was real and yes, it was an aggressive flu virus, but it was not a pandemic. They did not have to shut down the global economy. They did not have to destroy the system the way they did. They were doing it to get ready, to set up

The new world order, whether they’re calling

And now bluntly, the great reset. So you better believe when they get ready to pull the trigger. And these central banks all come down and say, okay, we’re all ready to go. Digital. You’re going to find a myriad of cryptocurrencies going to rate to zero because they have no tangible value,

Unlike golden silver,

Which at the end of the day, they, they mess with these prices. But it is a tangible asset that I can take anywhere, has privacy. We can barter and exchange, and it is real as it gets you can’t fake it and you can’t make it. And there’s no alchemy going on here. Cause they’ve been trying that for thousands of years, it is a gift from God in implosion of a star, the creation of a star that gives us gold and the beauty of, of these precious metals. So, you know, I know many people don’t want to hear that, but I’m just telling you enjoy it while you can, because they’re letting us have it. But I really do believe in the end. It all, a lot of it goes to zero as the central banks take over and we, the people have to be mindful of that to sell off out of these digitals, make sure you report that income don’t hide it.

Cause the IRS will be mean, mean as a snake in the future. If you try to hide that income, just pay the tax. If you had a good profit and enjoy it, and the meantime have fun with it, but just be ready to go into tangible assets with your wealth, because there’ll be the truly, the only thing we have to have some form of privacy against this digital enslavement that is coming. So I hope that helps. I hope it encourages. And I know to some extent, you’re not going to like that kind of statement. It’s a good argument to have, but you just have to understand the powers to be, and it’ll make you feel a little bit better. So God bless each and every one of you catch you next week,

 

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