Loading video...

Video Failed to Load

Go Home

"Bitcoin has no relation to anything. It's a tiny thing that gets disproportionate attention," says Ray Dalio on crypto. "The value of $BTC is less than 1/3 of $MSFT stock. It's not an effective store of wealth. But we are in a world where money as we know it...

480,404 views • 3 years ago •via X (Twitter)

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”

Bruce Fenton

23,836 views • 6 months ago

Ed Dowd: "What we're learning from the Epstein files is that it's an operating system...[and] let's not forget Epstein was involved in money laundering... [and now] Bitcoin has been tied to... Epstein, and he's been involved in taking over the network and funding it... If you wanted to set up your own dark-money blackmail operation and launder money, Bitcoin would be the perfect way to do it, I guess." This clip of Dowd (Edward Dowd), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from an interview with Jesse Day (Jesse Day) posted to the Commodity Culture YouTube channel on February 28, 2026. ---------------Partial transcription of clip--------------- "What we're learning from the Epstein files is that it's an operating system. So we have the public-facing institutions, but we find out there's a layer of people above them that know how to manipulate that whole thing to their benefit through Kompromat and blackmail, and money laundering. "Let's not forget Epstein was involved in money laundering. That's how a lot of this stuff was. It's all dark money. And the other thing that surprised me, that I didn't. This angle I didn't think of. And again, we'll find out more, but Bitcoin has been tied to Jeffrey Epstein, and he's been involved in taking over the network and funding it. I don't know what to think of that and intuitively makes sense. "If you wanted to set up your own dark money blackmail operation and launder money, Bitcoin would be the perfect way to do it. I guess. So, you know, there's a lot that's being revealed, and I don't, you know, I don't know what that means for Bitcoin long term, but, it certainly kind of disrupts the narrative that bitcoin is freedom. "I mean, that was kind of one of the narratives that we were hearing. And I've never been a bitcoin, bear or bull. I've always said it's a. It's a proxy for NASDAQ and liquidity trade, you know. You know, buyer beware. It's not a store of wealth. It's very volatile. So that's what it's always been to me is a volatile, you know, 95% correlated asset to the NASDAQ."

Sense Receptor

21,167 views • 3 months ago