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    You’re Running Out Of Time (Bitcoin)



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    In this video, I discuss the UK travel rule, as well as crypto exchanges in Australia and the US limiting Bitcoin withdrawal amounts.

    At some point, it may become impossible to withdraw any amount of Bitcoin from a regulated exchange or entity to self-custody. This could become necessary to help to close the exits from a rapidly inflating fiat currency.

    In this context, I discuss how FDR closed the gold exits in 1933-1934 with Executive Order 6102, before massively devaluing the US dollar against gold. Something similar could happen if a government chose to seize a Bitcoin ETF custodian’s holdings of BTC.

    You could still get rich holding a Bitcoin ETF, but you won’t get free.

    Not investment advice! Consult a financial advisor.

    Executive Order 6102:
    https://en.wikipedia.org/wiki/Executive_Order_6102

    Coinbase limiting withdrawals?

    UK Crypto Firms Will Now Be Forced To Seize Some Inbound Payments:
    https://www.forbes.com/sites/martinrivers/2023/08/31/not-your-bitcoin-uk-crypto-firms-will-now-be-forced-to-seize-some-inbound-payments/

    UK Travel Rule:
    https://support.coinjar.com/hc/en-gb/articles/20894541408665–What-is-the-Travel-Rule-and-what-are-pending-payments-

    I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

    #Bitcoin
    #crypto

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    20 Comments

    1. Bitcoin University on

      WARNING: There are a number of scammers who are using my image and
      channel name to try to connect with my viewers on WhatsApp and other
      platforms to scam them. Just so you know, I will never refer you to
      "my personal trader" or try to connect with you personally to sell you
      something. I am trying to ban these scammers as quickly as they pop up. You can
      always recognize a scammer by clicking on the image and seeing how
      many videos he has. All of these guys have zero videos, while I have
      hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Bitcoin University from the imposters. Follow me on Twitter @mattkratter

    3. Ricochet Rabbit on

      I have a confession, recently I have been enjoying the grass-fed products such as meets milk and cream at an accelerated rate and I'm starting to feel like an evil peson. I just wanted to apologize to everyone for my indulgement sins…

    4. B O on

      Great video!
      So is the Coinbase wallet true cold storage? It says if you lose the 12 word key code it’s gone forever. But does that make it actual cold storage or them not being able to control it?
      Thank you

    7. FdGiPwD Fg123hh&& on

      Simply incredible. What you’re talking about… is really the only logical conclusion I think?

      That the central bank – controlled global monetary systems (controlled by central banks and governments and based on huge debts and deficits) will come into conflict with the simplicity and decentralization of bitcoin. Remarkable times we’re living in in my opinion.

    8. Michael Mason on

      Invaluable "very personal" religious beliefs! I haven't seen you in church lately but you probably go to the early service.
      Then: "The US Constitution is a shipcoin." The document was created by rebellious malcontents; hardly a basis for an ordered society as led by G.W.(WMDs) Bush, Billy Slick Willy Clinton (Monica–I hardly knew her), Prez Obomber (Patriot Act–is that still a thing?), Slow Joe Biden ("You know the thing…").

    11. Geert Pypers on

      'Never send BTC to a UK resident's crypto exchange wallet' , so Matthew Kratter thinks lowly of people like Adam Back? Yeah, English people sure can't be trusted! SAYS THE AMERICAN!!! Great laughs, ha ha ha. Silly twits, the lot of you.

    15. Andrew Talks on

      Spectacular video! Always entertaining, informative, and funny.

      On such a serious subject, the deadpan delivery and dry wit keeps it engaging. Thank you so much for what you do!

    18. mIX on

      Good points on trying not to send BTC to custodial wallets. Everyone should be learning about UTXOs and should be encouraging everyone to go non-custodial.

    19. T R on

      Need help understanding Bitcoin core, difference in running a node and just holding the ledger? Will there be BTC notary’s in the future and only those with the ledger will be able to? Maybe they put a ban on regular people being able to access the blockchain? my thoughts are jumbled

    20. DMpath on

      All the dinosaur financial system is good for is to create roadblocks and friction. Trapping your money while its in their control so that they can decide when and how much of it you are entitled to.

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