German Telecom Giant Pioneers Bitcoin Mining With Renewable Energy | Britcoiners by CoinCorner #147

Transcript

But let's not pretend it's a multi-billion-dollar 3% allocation. You can feel the wind of music change.

All right, guys, welcome back! This is Britcoiners Episode 147. Um... oh, did you think "O" 147? Why do we say "O" for 147? I don't know. It's really throwing me off.

Right, obviously, when you hear 147, you think of... well, as a new fan of Steven Hendry's YouTube channel, that's very topical right now. Thanks for letting me know.

"All the blacks, 147," ooookay.

Agenda this week: We've got the UAE, Reddit, Michael Saylor, Trump, BlackRock, Coinbase, Germany, and a certain UK pension fund. It sounds like a turbo pop, but it's not. Coinbase in a positive sense as well! Do we not mention the US election anywhere on that agenda?

Election Day - just had a 20-minute conversation about it. Are we going to thread it through the theme of the whole thing? No? Trying not to talk about it, you know.

All right, the Trump thing I ticked was just to talk about the election stuff. I don't think I care about that story.

"No, you don't?"

"Nope. You don't care about him wishing us a great Bitcoin day?"

"No, not really. Didn't care about that."

Well, we'll come on to that.

Live price: £68,800.

Right, are we expecting some volatility today, it being Election Day? Hands up!

"Yes," I would say. Which way though?

"Hands up for what?"

Hands up for volatility!

Yeah, of course - today, tomorrow. Are you going to find anything out? Right until... nope. Volatility starts today. Today. Because the rumours will start. I think, actually, I had an email from Trading 212 saying they were expecting severe volatility.

I thought, "That's quite interesting. Usually, when you expect something, the opposite happens." So, you might be right. Still, you wise old sage, stable-coiner. Yeah.

What happens if there isn't volatility, and there's the expectation of volatility? Does that then make it volatile?

"A stalemate?"

Oh, okay. Everyone stares at each other. No one knows what to do.

Mhm.

High since the last price episode: £73k. So, £3,500 up. It brushed the all-time high, didn't it?

It did. It waved to it. Well, £74k. £74,700 is the all-time high.

"That's in my head."

I thought it was £74,400, something like that.

Okay, £74k. It was like $1,000 short, yeah?

Yeah, close. Close.

One thing that's not on the agenda (which we... that's not true. Sorry, Mike is just Googling. That's not true.)

That... a lot of people say £73k for some reason. I don't know where they get that number from. I'm pretty sure Coinbase, Binance, etc. were showing £74-something.

"All right. I think people just say £73k somewhere."

Right. I think I'm happy. If someone says Bitcoin's high is £74k, I'll be like, "Yep."

We nearly ran to £75k, didn't we? On one of the days, it started running. Went over £74k, ran a little bit, and then came back down very quickly. Did it run to £74,400? Something like that.

I can't remember exactly. So, £74k?

"Okay, around that."

Okay. Let's move on.

Was going to say... I'm trying to Dave up me great.

One thing we've not got on the topic on the agenda, which we were in preparation for last week, was the UK budget. Do you guys want to talk?

I've hugely missed the podcast. We're just before the US election, way after the UK budget. Both are two big news stories.

Who is scheduling these? Mikey, I'm looking at you. It used to be Wednesday.

"We got M Tuesday."

Tuesday's better for me.

UK budget: It's what we expected, I think. If you look, the Dave Bond predictions from the last pod all came true. I nailed it. No. I think my predictions go back two or three pods, and I said about the 24% for the capital gains tax. They proposed 38%, and I said it'll be about 24-25%.

"You did because I said the number that someone had come up with for the calculation."

"You'll remember now. When I..."

"It's your job to do."

"I don't."

You said that they've got a problem with it because they're 20%, aren't they? But they're on about, say, increasing up to 38%, was it?

But if they increase it to 38%, there'll be so many people that will actually look to leave, and they'll lose. They've done a calculation, I think. But it's based on like, if they go to 24-25%, they'll probably make a couple hundred million extra each year or something, theoretically, without losing too much. If you go to 38%, they might actually end up losing what they have now, and it'll go down as opposed to up.