Will The Isle of Man Be Next to Buy Bitcoin? | Britcoiners by CoinCorner #165

Transcript

I'll write some notes about what my life has become as a sad state of affairs.

Hello everybody, welcome back. This is Britcoiners episode 165. Um, agenda this week - we have got Block enabling Bitcoin payments... or are they? Might be fake news. Trump, we got China and tariffs, Bitcoin hash rate, FTX users... and the news everybody's been waiting for - how it went with the Isle of Man HKs.

Very good. Where do you want to start? Do you want to save that little exciting news for last?

Yeah, save it to last. Orange-pilling nation states. Um, quick price update then. Current price - I can't see.

79,261 - right in front of you.

Sorry, I was looking at that one. Um, yeah. High since last episode was 87k and the low was 74k, so it's been quite, um... quite turbulent.

Is that a week? It was, wasn't it?

It's because - on the back of the 10% tariff news, wasn't it? Climbed up to 87k...

A fake tweet about 10% tariffs.

A fake tweet? It was a tweet that was taken out of context, shall we say. So the Trump thing - it's just doing that hair-trigger thing, like that, just causing that.

Zero Hedge tweeted about tariffs being 10% across the board, but that was meant to be a baseline one - and then everyone else had different ones off the back of that. It was like a 10% default minimum, and then lots of other ones on top of it.

Um, so he tweeted about 10%, and the market spiked - Bitcoin spiked - and then it was about 11 minutes or something like that, not even that, maybe shorter. He realised he tweeted and corrected himself, and then other people corrected it, and then everything plummeted again.

So the reactions - yeah, very, very quick.

Well, it moved - his tweet moved the market that much, and he's got quite... influential.

It must have been - the 10% thing must've been up before, slightly before.

Yeah. I can't believe - like Zero Hedge, how many followers has he got? Like he's got a lot.

But yeah, I just don't believe it would move the market.

It's an influential account, that - for financial markets and things.

What, two million followers?

Okay, I wouldn't be surprised if there was a lot of traders that are actually getting his tweets and getting sentiment from it and trading off the back of it. Do you not think?

So the rumour must be in TradFi as well, like...?

I think so. People look at the ETF stuff as well, but they also use social media a lot these days - like this is breaking news, this is where the news gets broken these days.

Yeah, but this is happening - do you not think this is happening more and more? Just false news absolutely flying up...

Of Bitcoin? What was yesterday - oh the best one - yeah, that Trump was going to give a 90-day freeze on the tariffs, and that was just fake news, and it pumped the S&P. $7 trillion in - and that was a fake...

Was that a fake tweet from CNBC?

Tweeted as a headline, yeah.

Oh, well. So where did they get it from?

Exactly. They made it up.

No, they can't... it just seems preposterous.

It's crazy. It's marketation at its finest, isn't it?

But it's crazy. Like, I don't know... I just can't have it - that this is... Oh, this is what happens now.

This is the new normal. You can tweet something with an influential account and move markets.

TradFi - they should... the index, being an index - it shouldn't be that much.

I don't know how they police market manipulation these days for this stuff, because you just... you just can't, can you?

How do you police that?

Yeah. Yeah, that's crazy.

I can't believe - it's been a hell of a week, really.

You know what, I think we're on Tuesday - since last time we recorded. Since Liberation Day.

Liberation Day has just taken it out of me.

I forgot about Liberation Day.

Like Liberation Day kicks in today, does it not?

Is it the... is it the ninth tomorrow?

I think it's tomorrow, yeah.

Tariffs finally kick in.

Okay, so the price is bouncing around the place alongside everything else.

Oh yeah, I forgot - have we got the tariff talk anyway in a minute?

Tariff talks, or...?

I mean, what else has happened this week begun? Because I forgot.