The Surprising Truth About Bitcoin Nobody is Talking About

de banking is when you're you as either a person or your company are literally kicked out of the banking system like they did to Kanye what do they do with their money I mean you go to cash I mean you go to cash you can't have a yeah so where do you put it I I don't under your M under your mattress with Bitcoin firmly in a bull market and the price once again knocking on the door of 100K it's easy to forget the real utility of owning Bitcoin Beyond its numberg go up technology in a world where governments and big corporations hold vast amounts of power and influence over every aspect of Our Lives they need for a store of wealth that exists outside the grips of that power structure is becoming more apparent with each passing day let's talk about the real value proposition of Bitcoin Bitcoin looks bullish once again today as it climbs back up towards the mythical 100K level the short-lived and tame dip that we saw the last week tells us just how high demand is right now as ETFs corporations and large whales continue to stack large sums of Bitcoin this chart shows that during the latest dip whales accumulated 16,000 plus Bitcoin or $1. 5 billion worth now there remains a huge cell wall in and around the 100K price level but if demand continues we will continue to pick away at it and it's just a matter of time before we tear down the wall and break above 100K but with Bitcoin in a clear bull market and Vibes high it's easy to forget the True Value a system like Bitcoin provides Joe Rogan had software engineer turn crypto startup investor mark andrees on his show this week and the conversation turned towards Financial censorship and the government's ability to use raw power and influence to financially censor whomever they want this is where a lot of the de banking comes from is the is these agencies so Deb banking is when you're you as either a person or your company are literally kicked out of the banking system like they did to Kanye exactly like they did to Kanye my my my my partner Ben's father has been debanked um we had an employee who for what we for having the wrong politics for saying unacceptable things under current banking regulations under okay here's a great here's a great thing under current banking regulations after all the reforms of the last 20 years there's now a category called a politically exposed person pep um and if you were a pep you are required by Financial Regulators to kick them off of your of out to kick them out of your bank you're not allowed what if you're politically on the left well that's fine no because because they're not politically exposed so no one on the left gets debanked I have not heard of a single instance of anybody on the left getting debanked can you tell me what the person that you know did what what they said that got them debanked oh well I mean David heritz is a right-wing you know he's Pro Trump I mean he said all kinds of things you know he's been very anti-islamic terrorism he's been very worried about immigra migration all these things and they debanked him for that yeah they they debanked him so you get kicked out of you get kicked out of your bank account you get you get kicked out of the you can't do credit card transactions by the way you can't how is that legal well exactly so this is the thing and so and then you go into this thing of like well there's no this is where the government and the companies get intertwined back to your fascism point which is um there's no there's a constitutional amendment that says the government can't restrict your speech but there's no constitutional amendment that says the government can't debank you right and so they if they can't do the one thing that they they do the other thing and then they don't have to debank you they just have to put pressure on on the private company Banks to do it and then the private company Banks do it because they're expected to but the government gets to say we didn't do it it was the private company that did it and of course JP Morgan can decide who they want to have as customers of course right is they're private company and so it's this it's this slight of hand that happens it so it's basically it's a privatized sanctions regime that lets bureaucrats do to American citizens the same thing that we do to Iran kick you out of the financial system and so this has been happening to all the crypto entrepreneurs in the last four years this has been happening to a lot of the fintech entrepreneurs anybody trying to start any kind of new banking service um because they're trying to protect the big Banks yeah so that's that's been like super pricious I wasn't aware of that oh 100% And this is called so it's operation choke point 1. 0 was 15 years ago against the pot and the guns choke point 2.

0 is primarily against their political enemies and then to their disfavored Tech startups and it's hit the tech world like we've hard we've had like 30 Founders debanked in the last four years yeah yeah it's been a it's been a big recurring pattern 30 this is one of the reasons why we ended up supporting Trump it's like we just can't we can't live in this world we can't live in a world where somebody starts a company that's a completely legal thing and then they literally like get sanctioned right and embargoed by the United States government through a completely unaccountable no by the way no due process none of this is written down there's no rules there's no court there's no decision process there's no appeal who do you appeal to right like who do you go to get your bank account back right God and there's also the Civil asset forit side of it which is right the other side and that doesn't happen us but that happens to people in a lot of places now who get arrested and all of a sudden you know the state takes their money yes that happens to people if they get pulled over and they have a large amount of cash in some states right or you know there'll be there been you know well publicized examples of like you know there's like you know there'll be some investigation into like you know safe deposit boxes and the next thing you know the the feds of seas all the all the contents of the state deposit safe deposit boxes and that that stuff never gets returned and so it's it's this and this is when you know this is when Trump says the Deep State you know I like the way we would describe it is it's it's administrative power it's it's political power being administered not through legislation right so there's no defined law that covers this it's not through regulation right there's nothing you can you can't go sue a regulator to fix this um it's not through any kind of court judgment it's just raw power it's just raw administrative power it's the government or politicians just deciding that things are going to be a certain way and then they just apply pressure until they get it this of financial tyranny is way more prevalent today than many think and since most people aren't on the government's radar for such actions it's easy to forget just how easy it is for the government to turn off your ability to pay rent your mortgage or to put food on the table for your family literally at the push of a button you too can be shut out and removed from the banking system that connects you with the global economy a clear example of this happening was in early 2022 when the Canadian government forced the hand of the large banks in Canada to shut down the bank accounts of regular everyday hardworking Canadians who donate ated as little as $20 to the trucker protest while this might be the most blatant modern example of this happening right out in the open it's important to understand the power dynamics involved and how easy it would be for a government to force the hand of big Banks which are private companies to close people's bank accounts whenever they want and this is precisely one of the biggest value propositions of Bitcoin during the Canadian trucker protest in 2022 those that donated money using heavily regulated in non-private donation services like GoFundMe and give send go were the ones whose bank accounts were frozen Bitcoin on the other hand when properly self- custo in a wallet in which you hold the private keys to cannot be frozen or censored in any way by anyone now the conversation on Rogan took an interesting and discouraging turn when Rogan asked Andre what can be done about this debank so what happens to those 30 tech people that you know start to go into a different field like try to do something different and try to try to try to get you know complete upending of your life yeah complete upending of your life and try to try to yeah try to change your try to get out of the try to get away from the saon try to get out of whatever Zone got you into this and keep applying for new bank accounts at different banks and hope that at some point a bank will say you know okay you know it's okay we've checked and it it's now all right whoa but there's no so what do they do with their money like what happens I mean you go to cash I mean you go to cash you can't have a yeah so where do you put it I I don't under your M under your mattress yes exactly yeah exactly that is so insane so if someone has $30 million in the bank and they get debanked diamonds art you know do you I don't know go overseas somewhere holy yeah yeah yeah and just like it just it just happens so andrees suggests the only way out of being completely shut off from the financial banking world is to go to cash under your mattress or art now I shouldn't be surprised that one of the largest crypto VC investors doesn't take this golden opportunity to mention the most secure way to hold censorship resistant wealth is in Bitcoin Andre has made a living over the last several years funding crypto projects through his andrees Horowitz firm that pump and dump on retail investors and has single-handedly scammed hundreds of thousands of investors but it's still infuriating and honestly a little embarrassing for a guy that is one of the largest VC crypto investors in the world to have no other suggestion for how to avoid having your wealth Frozen than storing cash under your mattress or buying art in my opinion it's extremely irresponsible and just shows where his incentives lie which is not in promoting Bitcoin but in riding off the coattails of Bitcoin in in order to make money off unsuspecting retail investors who don't know any better so sure hide cash under your mattress or collect Fine Art in order to protect your wealth or much better yet store a portion of your hard-earned wealth in the most secure and censorship resistant Network on the planet in Bitcoin and this is the main reason why real Bitcoin held in your own wallet that you hold the keys to is far superior to ETFs micr strategy stock or Bitcoin held on an exchange which is basically the same thing as having cash in a bank even if you aren't doing anything that would would warrant the government debank you now there's no guarantee that won't change in the future now this doesn't mean you necessarily need to put all your wealth in Bitcoin but having at least a portion in properly secured and self- custodi Bitcoin in an age of increasing government control and censorship is a no-brainer and you can buy real Bitcoin and send it straight to your own wallet with services like Swan visit swann. com or download the app by searching Swan Bitcoin in the App Store you go from signing up to purchasing real Bitcoin within minutes plus your first $10,000 in Bitcoin purchases has zero fees and if you already have a healthy stack of Bitcoin and want to upgrade your custody security then Swan vault is for you Swan vault is a multi- signature custody solution where you vastly improve your security from loss or theft without sacrificing sovereignty visit swan.