🧠 Bitboy vs SBF and the death of Bitcoin

Apes are pumping and SBF has been tracked down in the Bahamas

November 28, 2022

GM Seedphrase Nation 👋 If you're sticking around in these conditions, chances are you'll make it next year. In fact, WAGMI.

Today's Agenda 📓:

  • 🔥 Super hot headlines

  • 🧠 3 reasons why BTC won’t die.

  • 😂 Bitboy Goes to the Bahama's to find SBF, FBI style.

🔥 Super Hot Fire Headlines

Blockfi has joined FTX in the clouds of death:

  • 4 months ago, BlockFi was seen as "too big to fail."

  • FTX "bailed" BlockFi out in June, creating a false sense of security.

We hate to say it but... we told you this was coming. On June 25th, we predicted the death of BlockFi and questioned FTX's actions as a "hero". Watch it here.

  • Cuban is horrified by what happened with FTX

  • BUT, he still believes in crypto.

  • Crypto is cleansing itself of bad actors and problems holding back its growth.

  • Playing both sides? Cuban recently unfollowed all of crypto:

  • The worlds largest iPhone factory is seeing a VIOLENT workers revolt.

  • Working conditions, benefits, and broken promises sparked the uprising

  • Estimates project a $1B loss for Apple in iPhone sales as a result of the halt in production.

  • A Changing World Order? Protests across the globe are happening from China to Iran to the UK, France, and Germany. Are we witnessing the beginning of a changing world order?

⭐ WORLDDDDSTTARRRR: Protestors are yeeting anything they can at government forces:

🔮 Crystal Ball: CME CEO called SBF a fraud in March 🙊

  • In March, the CME Group's CEO Terry Duffy called SBF a fraud & not to be trusted.

  • CME is one of the world's biggest derivative exchanges.

  • Why does this matter? Identifying people who make sound calls like this is important: Terry Duffy should now be on your radar for future events- he's on ours.

Citadel: "NO DOUBT" on FTX Crimes

  • Ken Griffin of Citadel Securities talks about how customer assets were used to make shareholders more valuable by propping up value.

  • Side note: It is 100% illegal to take customer funds to engage in trading.

Kraken CEO Jesse Powell says Binance is Lying.

  • Proof of Reserves (PoR) are in question.

  • While Binance and other centralized players are using PoR to establish trust and secuirty, Jesse Powell has questions.

  • His claim: Binance did NOT release a true PoR, and is misleading clients.

  • PoR has recently been viewed as a solution to avoid FTX-like disasters again... But this is making everyone rethink that.

BAYC Re-Flip Crypto Punks.

  • This is the 7th time this has happened.

  • Apes are seeing a price pump because staking is being launched soon.

  • Pump it up: BAYC and its entire ecosystem (Kennel Club and Mutants) are also pumping in anticipation of staking rewards.

  • The apes are here to stay and have solidified themselves as the trailblazers for the space. Punks are still the OGs, though.

  • ⚜️Golden Nugget: Could it be a good time to short the news?

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NFT Check In: Bottom Is In?

Imagine the pain of buying a BAYC at half a million dollars just to watch it go down to $12K...

Across the board: Floors are down 80%-90% from their ATHs. Safe to say that even for "blue-chip" NFTs, prices are still volatile, and they deserve the title of the riskiest asset. The narrative on Twitter is NFTs are not being purchased as assets, the flipping culture has been purged and NFTs are all about access. We've been tracking some reputable figures in the space and what projects are still being bought during the current market conditions, check back in later this week to get the ALPHA.

On another note, here's a random headline for you.

Someone is scooping up Pudgy Penguins faster than Pete Davidson scoops up girlfriends way out of his league.

🧠 3 Reasons BTC Won't Die.

1. Breaking news: The governor of Texas is a BTC maxi.

This weekend he announced the states adoption of BTC and how it is the future. To the mooooooooooon!

Texas is an excellent example of a state innovating to push BTC adoption, and it will benefit when it is a mining hub.

Why is this HUGE? Texas has an independent power grid, a free market system where people can purchase it from the lowest cost providers.

When more miners are using Texas power, it incentivizes other power companies to set up shops in Texas to provide a supply of energy that fits the growing demand and needs of people.

BTC power mining = More profits. It's simple math really.

2. The Second Amendment (2A) & Bitcoin.

If you failed history, here's a refresher:

  • The right to bear arms is the second amendment in the US constitution.

  • It exists in order to prevent government monopoly on weapons.

  • Self defense, hunting, and other valid reasons exist for owning a gun BUT they are not the reason our Founding Fathers wrote 2A.

  • Bottom line: citizens have a right to arms SO THAT government does not hold all the power.

What does this have to do with BTC?

  • Bitcoin is the first state-less money.

  • USD, GBP, JPY, etc. Every form of money we know is tied directly to that country's government.

  • BTC = No president to control it. No state to control it. No governement to contorl it. Not even a CEO to call any shots. This is what decentralization means.

Whether you agree with 2A or believe in Bitcoin, one fact remains:

They exist as a means to escape government monopolization on power. Whether thats money, or violence.

Preparing for the worst: Many are resorting to their right to bear arms as a way to defend BTC, should state governments try to crack down on it. We have the right to protect our assets from tyranny and monopoly.

3. Lebanon's Money has Lost 95% of its Value. Enter Crypto Use Case.

The world is not a pretty place right now. Economies are getting wrecked as we speak, and people are using BTC as a safer alternative to banking and means to store value.

When economic systems in place collapse, downloading an app on your phone and using USDT is an easier way of doing business than using a failing currency.

And now, most restaurants/shops in Lebanon accept USDT because of that.

Bitboy Goes to the Bahamas to Find SBF.

Bitboy, who called out SBF a month ago for being corrupt, has gone to The Bahamas to find SBF and interview him for answers.

He wants to give SBF a chance to share his story.

We went down the rabbit hole…

Bitboy went near SBF's penthouse, calling him out and looking for him.

Bitboy also found SBF's car and saw a bottle of pills on the seat… Not confirmed what the pills are, but it raises suspicion about the claims that SBF and his colleagues were abusing amphetamines.

While the FBI is not investigating Sam, Bitboy is…

Here is a video of Bitboy being escorted by security 😂

While SBF is free and roaming around, no one seems to be investigating him. Be safe, BitBoy.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research

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