Barclays Bank Reveals $131M of Blackrock's Bitcoin ETF | Britcoiners by CoinCorner #159

Transcript

"Any insight into the tarot reading?"

"No."

"Oh Molly."

"I've got a drink with me. Can someone clip this?"

"I did it without hitting the microphone this week."

"Did good."

"Don't do it again."

"In the cards, the gods said that-mhm."

"I'm just going to apologise in advance because I'm full of a cold, so"

"I'm also too"

"Get over there."

"Okay, there is something going around the office."

"Matt's not going to bother editing out any coughing or sniffing."

"You can't be arsed with that."

"I think you sound slightly better with the cold."

"Do you?"

"It always reminds me-from Friends, each like what..."

"Nasally?"

"Lovely."

"Let's crack on."

"Okay."

"Britcoiners, this is episode 159. Welcome back, guys."

"Agenda this week: we've got the FED coming out saying they'll never develop their own digital currency. Binance-"

"What?"

"I think he's laughing at your voice."

"I'm not! I just looked at him."

"Don't-because I'm going to get halfway through that, halfway through that, and it got really nasally."

"You crack on, man."

"I'll just-do you want me to read it?"

"I'll just sit here this week."

"Binance doing things. Wyoming Highway Patrol-consider, I didn't-"

"Who takes that?"

"I take it."

"Game Class-GameStop considering buying Bitcoin-v Barclays buying the ETF."

"Abu Dhabi buying the ETF."

"And Mele, the Argentinian president, which I'm sure people will be aware of."

"Thanks."

"That price: 95,700."

"Are we down from last week? Slightly, I think."

"Mhm."

"In the 7-day-"

"oh, yeah. Mind-"

"7-day. Thank you."

"98 this time last week."

"Yeah."

"Just under 96 now, hovering. It's been very static for a while now."

"No, it's been very downward for the past month."

"No, expand it to a month."

"Matt. There we go."

"Got to a year."

"So we had-like with me-"

"Oh, all time. You're right. It's very pretty."

"The month won't do it."

"Pretty to a year. Yeah, over all time, you're right, Dan. It's on the up."

"Yeah."

"Yeah, over a month though-downward trend. Over a week-downward trend. Today-downward trend."

"Uptrend overall time."

"All about that long term."

"It's completely-but sometimes you've got to look at the short term."

"No."

"Okay, when do we have a look at the short term?"

"Well, depends what the tarot say, doesn't it?"

"The present."

"So, yeah, first topic."

"Okay, first topic. So, Powell squashed the possibility that the FED is going to develop its own digital currency."

"What do we all think of that?"

"Good. Excellent. J Powell doing something good for once."

"Yeah, I think-hopefully, other countries follow, because it needs to be done. We need to scrap off the concept of a CBDC."

"I mean, Trump kind of said it during his-when he was running, right?"

"So, do you not think it's a bit of a pity they've waited this long? And the cost-I mean, it wasn't that long ago, Bank of England-"

"Bank of England put out a job for an adviser for a central bank currency."

"They're still doing so. They're still cracking on."

"Wasting a lot of money."

"Who is sorry?"

"UK."

"UK?"

"Remember they put that job out?"

"Yeah, yeah."

"Yeah, UK taxpayers are still footing the bill for something that, obviously, the US have already been around the houses with and thought, 'Yeah, let's not do this.'"

"That'll be the same across, you know, loads of countries."

"It's a waste of their money."

"It's because they all follow. The people then think, 'Oh, CBDC is great because the Bank of England is now looking into it and going to create one.'"

"It's like, no. It's because they're just following the guys and have no idea what they're doing."

"So, it's like all they've done is just follow America, thinking about doing one, or other countries thinking about doing one, because they don't want to be left behind."

"Not actually taking the time to understand what this means and what the impact is."

"It's like when no one really knows the right answer at school and everyone just copies one person."

"Yeah, and everyone got it wrong the same way."

"Just like-"

"Oh, it's quite a good analogy."

"Thanks, man."

"But that's what it feels like. Just copy America."

"Everyone will pull us now, I think."

"And then, yeah, they should, hopefully."

"Yeah, I think some countries will run with it because they'll think-they're going the opposite way to-"

"Maybe for a bit. Maybe for six months, because they don't want to seem like they're just copying America."

"But if you look at the job-the indicator would be the jobs that the Bank of England have got out."

"Yeah."

"And they'll pull back on all-anything digital."

"So there's no successful CBDCs, is there? China still doing theirs?"

"I don't think there's any live ones."

"Are China not live?"

"No, they did like some prototypes."

"I thought China were the closest. Tests and things."

"They were."

"They've done some tests, I think, and bits and bobs, but nothing of use."

"I think this is very political, right, as well. It obviously leans into the rhetoric of the new administration."

"If the other side got in, I don't think he'd be saying this."