[WARNING] US Dept of Justice Plans on Selling Bitcoin!!!

Today let’s talk about Grayscale, DOJ’s plans on selling Bitcoin and more!

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0:00 Intro
0:35 Market Overview
2:48 Bitcoin Supply
4:32 ETFs
5:55 Charts
9:20 US DOJ
11:32 Alts
12:48 Arbitrum
14:02 Optimism
14:45 Beam
15:20 Q&A

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

Welcome back to cryptos are us I am George we’re all George so let me give you an update on what’s going on with grayscale are they dumping and I’m here to give you a warning about the US Department of Justice they plan on dumping too with what Bitcoin and how

Much should we be concerned well let’s talk about all these things and more tonight let’s do it welcome welcome welcome guys hopefully you guys are doing well you know Bitcoin is still holding not any better not any worse about 40,100 a little bit better than this morning we’ll take that we’ll take

That overall we’re moving in the right direction sort of um and it could get better because JP Morgan yes JP Morgan uh declared that gbds outflows have stemed and the Bitcoin downside should be largely behind us should we listen Jamie Morgan didn’t Jamie Diamond just come out a week ago

Saying that he doesn’t want to talk about Bitcoin anymore and he’s still so bearish about Bitcoin yet his firm is saying these things how does that make sense right who should we listen to Jamie Diamond or Jamie Morgan I mean if if he’s the head of JB Morgan

Shouldn’t he just make the whole firm anti- Bitcoin why would they even talk about it why would they offer services and more importantly why would they advise you that this downside is behind us it makes you wonder but according to this article or according to JB Morgan they said they anticipated

That there would be about $3 billion worth of outflows okay just from General investors that wants to take some profit including FTX and they said they anticipated about 1.5 billion that would leave to go into the other funds because of their High interest rate at 1.5% versus everyone else at 0 2%

Right um so basically according to their analyst this was in line with expectations but it makes you wonder why are they telling everyone that a downside should be behind us right are they trying to pull something I don’t I don’t know I’m hoping it’s not I’m hoping they’re just trying to be direct

But you know you just can’t trust a large Bank like Jamie Diamond or Jamie Morgan or nor can you trust Jamie Diamond when it comes to bitcoin at least okay uh but you know speaking of gbdc officially we have 394 million that was sold I don’t have the intake for

Fidelity for Black Rock and others that will be posted tomorrow but one thing that looks pretty promising is that the outflows is starting to diminish yesterday it was over 400 million the day before was over 600 million even though 394 million is still a very large

Amount to be coming out of grayscale it is diminishing and pretty soon it’ll be at zero right the other boys though however are still accumulating by a lot so it’s looking good and here’s the thing guys think about this when you have one ities is selling $400 million

Wor of Bitcoin per day and Bitcoin is still holding at 40,000 that kind of shows you how strong Bitcoin is right now right think about it every day it’s almost guaranteed you have one entity that’s selling hundreds of millions of dollars worth of bitcoin right we’re talking about

Grayscale yet Bitcoin is holding study at 40,000 that shows you the true strength of Bitcoin right now the Bulls even though they let go a little bit they’re not letting go that much more they said enough is enough we’re going to hold our ground here that’s pretty

Amazing and wait until this becomes zero and then the inflows every day becomes 400 million 500 million 600 million a billion dollars into these funds well then we’re going to see the price start going up in a big way right so that’s about to happen um according to this

Person ETFs for gold own about 1.5% of the total Supply ETS for Bitcoin already owned 3% of Supply now again statistic like this um impressive but not good not good why because it shows the big boys with their big money they could buy so much already for barely nothing they hardly

Spent any money and they already control 3% of Bitcoin think about that that’s why I keep telling you guys it’s still a great time to accumulate while you can’t while things are cheap because when these ETFs own 10% of Bitcoin 15% of Bitcoin 20% of Bitcoin well that’s when

Bitcoin is going to be worth a lot more but it’s going to make it that much harder for you to accumulate right so it you know it’s good short term with with these ETFs they soak up a lot of the liquidity and a lot of Supply Long Term

We don’t want these guys to be holding all the Bitcoin it should be going to retail investors the 8 billion people on the planet it should be going to them not the big institutions or the big corporations right so get in while you still can before it’s too late okay

That’s the moral here’s another reason why you should get into Bitcoin be before it’s all gone uh this is actual and projected chart of the interest payments that the federal government needs to pay every year so this year is the first year where the US government

Has to pay more than a trillion dollars in interest per year that’s just interest interest only not even talking about repayment of debt this is just interest payment where do you think they’re getting the money from well they’re not getting it from additional taxes that’s for

Sure uh they’re going to get it from two sources number one IUS more bonds they’re going to borrow more money and number two they’re go to print more money that’s it there’s no more sources of money right so this is another reason to stock up on bitcoin because you want to

Outperform inflation with your assets if you don’t your money just go burn away it’s like a silent tax that’s what inflation is right so if you look at this by the time we hit 2027 that is probably going to bring us close to 2 trillion in interest payments

And it’s just going to keep on going it’s not going to stop yet in 2027 Bitcoin I don’t know even if it falls down from its peak it could still be at like 100,000 200,000 by then so I mean another reason why to load up on bitcoin

Right um here’s another reason hold of waves showing you know people that are just holding Bitcoin all-time high even even higher than 2015 2016 right if you look at the 2021 um wave we didn’t really hit that high in terms of hold holders uh but this time around no it’s extremely

Extremely high right so there are are a ton of holders that continue to hold and stack and DCA and that’s the right way to do it and of course I’ve talked about this we’re only three months away from the having event guys and looking at the previous having events $12 $675

$976 and this time around are we going hit having at 50,000 60,000 70,000 I don’t think we’ll be 70,000 by having but hey 50,000 we could we could spin right back up to 50,000 like it’s nothing I mean that really that’s the reality by the end of February we could

Be plus 50,000 by the time we hit in hit having in April we could be at high 50s low 60 or maybe even a new high of $70,000 when the grayscale selling stops anything goes anything goes right so yeah just just keep those things in mind um okay but is there anything

That’s going to disrupt us well uh yeah well no not really not really but you know what I’ll bring it up anyways this is the point of today’s topic uh the US justice department they released a statement that they’re going to sell 130 million ion dollars of the

Bitcoin seize from Silk Road the US government holds a ton of Bitcoin from Silk Road so why are they selling now no idea 130 million to them is Chum change like really it doesn’t change anything so is this important well I don’t know if it leads to like $2 billion worth of

Sals then maybe but right now selling 130 million it sounds like a lot I wish IID had $130 million of the Bitcoin to sell but I don’t um but considering that grayscale is selling 400 million a day and Bitcoin is not dropping well then it makes sense that selling $130 130

Million is not going to drop too unless the Department of Justice purposely wants to drop things right they send it to coinbase and then they sell 130 million on a spot Market well that would probably cause A disruption but I don’t even think coinbase will let them do that if

Coinbase saw a deposit of 130 million into their spot wallet and they’re they’re saying that there’s going to be dumb I think they’re going to stop that I I just don’t think they’re going to allow it but anyways um bottom line is should we be concerned

About this I don’t think so 130 million would be eaten up by the market like it’s nothing okay so there we go they plan on dumping but is it a big concern I just don’t think it is I just don’t think it is I guess we’ll see and there’s no timetable too

They declared they were going to does that means they’re going to do it tomorrow does that mean they already did it maybe they already did it or they go do it on Friday or they go do it next week no one knows but it’s just weird

Why would they sell 130 million now I mean like it doesn’t really help them unless they need it for something else I don’t know what um okay so that’s Bitcoin what about some other stuff what’s going on what about alts well according to BDC dominance right

Um I don’t know Accord if you chart dominance it’s looking like allcoin season could be starting up again obviously allcoin season was really hot in October November kind of cooled off a little bit in December cooled off a lot in January right this month will it turn

Around and heat up again yeah I me when the market gets hot again everything’s going heat up even even when Bitcoin heats up altcoins will heat up right right now a lot of altcoins are kind of steady they haven’t really dropped too much they’re just holding uh in a

Holding pattern so we’ll see if allcoin dominance starts going upwards but there are a lot of exciting things that are happening right you can’t ignore these things like eth for example um they’re going to they’re going to push this new upgrade the denune upgrade uh that’s

Going to come like like in day they’re go deploy it to their test net first and of course the main net and what this does is basically makes rollups more efficient and it’s going to help tremendously to all the l2s that are using rollups um for example arbitrum

Right arbitrum is the biggest L2 for etherium they have the most tvl about 2.6 billion and they’re doing very good right uh they have they have a 70 no 85 million Grand program okay um that would be huge if approved because they’re going to draw in more daps right especially since they’re

Pushing their new L3 you know Z network was the very first one it’s the first L3 ever into space because it’s a layer or a chain on top of a L2 chain that’s on top of ethereum right and they’re making waves it’s a gaming chain it’s like a beam competitor you could

See that uh whatever this game crypto unicorns ditch polygon to go to Z right so Z looks pretty un promising gaming I think is just going to be big this year I I keep wanting to say next year but it’s hard to believe that it’s already

2024 um but yeah so arbitrum is going to improve from that ethereum upgrade optimism is going to prove optimism is not trying to create new layers like layer 3es instead they’re trying to become super chains they’re trying to hook up all these other chains uh together for example they already hooked

Up Lisk they plan on hooking base they plan on hooking um uh mantel Pacific or Manta Pacific because they’re all based on optimism so they’re trying to create like the super chain rather than what arbitrum is doing it could work it could work right and they are absolutely huge

As well so both of these projects are going to improve greatly from this upgrade and everything else on top of them will improve as well uh and then also I saw beam right beam bought some company called join which is an app that allows users to shop and pay with stable

Coins anywhere so that means beam wallet users can now use or pay for things at Amazon and Shopify utilizing stable coins using the beam wallet that’s pretty cool that’s pretty cool yeah that’s it that’s uh that’s pretty much it all right guys let’s do some let’s do some

Q&A hey bitcoin’s making a little little rally we’ll take that all right let’s see new member another George welcome um just7 million no 130 million yep Jamie loves Dirty Money well that’s uh I’ll just say I don’t disagree with that um do I still hold yes I do

Um B bunkers can’t save you when the earth flips 90 Dees you’ve been watching too much Tik toks my friend I enjoy those videos too does anyone ever take a second to think about how big space is like the Nority of or the vastness of space you know whenever I hear people

Talk about how big space is and how many universes there are and how many uh galaxies there are in you each Universe I mean it’s like it’s so crazy it’s it’s just in it’s just so crazy to think about uh Jose is asking oh Samson says

Blue Label when it hits 50 yeah I’ll I’ll bust I have a brand new label of blue label waiting for that to happen um give me an opinion on jido I think it’s okay you guys give it a time you know they air dropped a whole bunch

Of tokens people sold right but overall they’re one of the the bigger projects on salana they could do well did I get h no I did not wall of sheep I always feel better after stream I appreciate that and it sounds like I’m doing my job infinite is a crazy concept you know

Like they measure the the universe is about 13.8 billion years old and we can only see with our telescopes about that far but that’s like the the visible Universe a lot of scientists believe that there is Universe outside of or space outside of the growing Universe right that we can’t see it

Because it’s completely dark because there’s no stars in there right like like it’s just basically space is infinite vastness and who knows on a grand scheme of things maybe the entire universe is just a a marble on I don’t know God’s desk or something right or some kind of advanced

Being that they create us or we’re just all a simulation and we just don’t know and there’s infinite uh simulations going on you know it’s just like it’s kind of crazy to think about how insignificant uh you know we are on a grand scheme of things right

But maybe that’s set on purpose maybe the parameters of this you know this uh the simulation is to make the universe so big so we can never get out of it we can never break the simulation I don’t know just just like throwing things out

There do I hold both Myro and Rocky no I don’t hold Rocky I don’t think the universe cares about my crypto portfolio well that’s that’s true that’s that’s true um it’s impossible for us to be the only intelligent life yes it’s it it is virtually impossible I would say there’s just no chance there there are other intelligent life forms out there there

Are probably a lot more way more advanced civilizations out there but because space is so big you know you’ll never reach them you never reach anyone I mean even going on light speed Which is far beyond our capabilities even if we’re going at light speed it takes

Like how many years to get to the next planet that can inhabit life like a 100 years or something or a thousand years and to even think about getting outside of our galaxy would take millions of years even going at light speed it’s just like there’s just no way

No way you need to invent like a wormhole or something or a a space jumper or something like that and that’s way way way beyond our capabilities Janet is asking will we ever terraform other planets and will we ever invent warp drive how would I know okay I’m not

I don’t I don’t I don’t have a time machine if I had a time machine I would just go to the year like year 10,000 first of all and see if uh human life is around if we’re still around in 10,000 you know um I’m pretty sure we have invented some kind of

Advance you know Transportation ship that can go lights be and Beyond but you know maybe by then we’re all dead already I don’t know maybe Bitcoin will still be by we’ll be around by year 10,000 it’ll be worth you know whatever whatever it’s worth um the UFOs are from here and not

Somewhere else well I can kind of believe that yeah I don’t think we actually been visited by real alien life from other planets Mark J say glad to hear you are real really scientific literate I’m thoroughly impressed most people have no idea I just I just pick up on things and

I try to use my Logic the ones I I use on crypto with everything else and you know if you use logic then it kind of like you kind of like put things together right but then again who knows maybe maybe we’re all completely wrong about everything maybe you should sit down

With Joe Rogan I love to sit down Joe Rogan though I don’t I don’t think I have anything interesting to say other than crypto I don’t think he really wants to hear crypto you may want to hear about karate combat bash Ruden was talking to him about karate combat and karate token so

I guess he kind of talked crypto with him black son I appreciate that uh are you a fan of Stargate Universe oh man I’m the bigest fan of Stargate I was so hooked to Stargate sg1 Stargate sg1 in my opinion was the most realistic SciFi series ever

Created um and then there was Stargate uh after well the original movie then starg sg1 with the the series was so much better then starg Atlantis wasn’t bad and then starg Universe they could have done so much more with the universe and then they they canceled it Stargate

Sg1 is still the best sci-fi show You could talk about your Sunday walks I guess you know it’s like I struggle with my Sunday walks because of this because for a long time I was just kind of talking about like random things my thoughts and what’s going on in my life and people like that

But then when the market got hot people didn’t want to hear that anymore they wanted to hear me talk about crypto so I started giving more thoughts about crypto and then people started telling me well I want to hear you talk about other stuff other than crypto so I’m

Kind of stuck between that so I try to kind of mix it up between the two um but I don’t know what direction I really want to go with the Sunday walks you know Tesla stock tank today like down 12% I watched the expanse expanse was a

Great show until the end the last season really sucked um but I like the concept between the belters and I hated accents though you know like weird accents the belters and the Martians and earthlings um or humans I don’t know they call it Earth Lanes or humans but it’s interesting

Concept do you think M go maybe issue uh I don’t know some of the repayment is done in Bitcoin some is done in cash um a lot of people right now you know the Bitcoin guys if they get their Bitcoin will they really sell some may some will hold for the Bull Run

They know it’s coming everyone that’s going to get repayment are Bitcoin people right they know about the having event they know about the four-year cycle so a lot of people that get paid back I think they’re just go holdal yeah you know Tesla I don’t think

Is ever going to be the same I mean the company could still be profitable can still be making good cars um but you know I think all the hype the crazy growth especially the crazy stock growth the the crazy valuations I think that’s all go go away

Starting from now I mean there’s just I mean they’re just coming back down to earth sort to speak um like one of elon’s rockets right it’s it’s kind of like just it’s correcting itself do I like Rolexes yes everyone goes for AP now um Richard Millie is just a way too expensive but

Like now the fat is you have to go get a AP like no I’m just going to stick with Rolex everyone knows Rolex even nonat collectors you say AP to like you know some nonat person they’re like I don’t know you say Rolex everyone knows right it has that brand recognition everywhere

Um so I only collect Rolexes because of that are you watching discovering stranger worlds I I watched all of them I didn’t I watched all of them um I thought Discovery Discovery is really good strange the world so so but card season 3 was the best season one and two

Two had its own plot that was so so season 3 of peard on paramont plus is the most epic season ever if you’re a Next Generation guy if you’re next Generation guy you should just go watch season 3 don’t even watch season one and two it doesn’t even

It’s irrelevant just watch season 3 peard you’re going to love it you’re going to love it it’s it’s it was it was really good I mean it’s just a really good extension of the Next Generation uh lisis is asking is sheep still a good hold I don’t

Know ever watched a series dark matter I think so I don’t remember it sounds very familiar I’m pretty sure I did uh is Sheba good hold you know what if you’re going to hold a meme like in my case if I’m holding a meme I’m picking some smaller speculative meme rather than the

Giant meme like sheep because the upside is so limited can it go back this previous High yeah but how much are you going to make a 5x which isn’t bad if you get in on a lower cap you know Meme your upside is a THX you know um so you

Know that’s kind of how I see it Stargate sg1 just made a lot of sense because if took place in modern times it wasn’t like the future like next generation or star uh Star Wars it took place in modern times and then they met Advanced civilizations and then they

Become elevated because of them right like that’s more real like more realistic in terms of how it would happen so I I really like sg1 and they they brought up so many interesting things check out the for forever battery that’s being designed right now if that battery

Comes to fruia electric cars may have a chance just Google for you know what they’ll never allow that to happen Tony the battery manufacturers will never allow it to be produced just think about it it would be the death of all battery companies including Tesla Tesla owns the biggest lithium

Battery production plan in the world um so they’re not going to allow it just like they’re not going to allow water powerered cars the the oil industry will never allow it Luke that’s really gross man you know for sg1 fan like here’s how realistic sg1 was there was one episode

Where the SG team visited some um jafa like uh world that are trying to rebel I guess and there was one episode where they asked they asked for weapons right and then the humans brought all the what do they call it what what’s their name uh what’s the guns that they

Were using uh the P90s right of course using bullets and then the jafal rebels or whoever they were they’re like oh we don’t want that we don’t want bullets we want you know the fancy laser guns which I forgot what they’re called and then uh Jack O’Neal is like you don’t want

These guns and then like he just like you know he he did demonstration and just shot down this this like wooden you know plank or or something where the laser guns would just like Scorch it but the P90 just like cut cut it in half like no other show would demonstrate

That you know it’s like that was really cool those of you guys are sg1 fans you would know what episode I’m talking about but you know that’s example of like modern versus future melded together that was a that was a long time ago that was like 20 years ago all

Right Tesla robots are where the real money is same with AI yeah I mean they Optimus I saw the recent Optimus Bots they move pretty smoothly you know we’re getting closer and closer to Judgment Day Jud man they already have that I think I’m pretty sure they have that I’m

Not going to repeat it uh M Lan Olas AI agent play highly recommended by Singapore Guru chicken genius the guys write 90% of the time FTV being too high tokens are burnable lockable into 20 I have no idea who that genius oh chicken genius I remember that

Guy didn’t he quit meet Kevin made him quit like he me Kevin kept picking on him and he got really really pissed off I actually really enjoy that guy I I know who you’re talking about is he back because he quit YouTube is this Olas a a crypto

Play this this was six months ago wh which Olas project are you talking about is it this one Auto auto noas 272 million market cap they’re actually pretty big already um very very little sex listings is this the one Eyes Wide Shut is this the right project or you talking about another one

Wall of sheep you’re making me feel old hey if you’re a Stargate sg1 fan that means you’re at least in your late 30s or early 40s at least because that show was like 20 years ago um but it was awesome show it’s just really awesome um crypto’s

Ocean of services one single Network for all the stuff that make crypto work coordinated by Olas token Edge Cutting Edge autonomous agent technology well this sounds exactly like fetch AI fetch AI also have agents that does a lot of AI stuff so it’s not like they’re the website looks horrible by

The way so they they actually need to hire a they need to hire website developer so I guess it’s a agent that could be used in multiple chains uh polygon etherium salana and nosis uh okay I’ll PE I’ll I’ll keep my eyes on it but I I don’t know if this

One is the one I never heard this one before never I’m 25 love that show really when did you watch it like when you’re like six years old 5 years old uh Tony I tried to get into 100 it’s too much for like you know teenagers and stuff too much

Like teen drama stuff I never got into it I tried watching it like a few months ago I couldn’t really get into it they tried Devin they tried whoever the the show writers are they’ve been trying to get a new series going for a long time but Sci-fi channel whoever you

Know they just don’t want to pay for it I mean Stargate series I mean all those actors are so old now you know mcgyver whoever played mcgyver and Jack O’Neal he’s like so old and and Samantha Carter and everyone else are so old they’re not going to like I don’t think they’re

Going to do any more shows you’ve been throwing back some Red Bull like Christian Tate how do you know I did have some Red Bull Yellowstone and prequels are the best I’ve been seeing a lot of clips about Yellowstone they look fantastic I need

To watch that if I if I need to You Know download a new series I think it’s going to be Yellowstone Battle Star Galactica ended really weirdly everyone was a sylon and they didn’t know know they were a sylon and they didn’t know if they should be

The right and then the the evil girl sylon is having dreams about the the the nerdy guy that she was trying to seduce and vice versa and all this stuff the last season I still remember was so bad it was an interesting concept I think it

Was bit based on some show and I’m still surprised I remember the term silons because it’s a really weird name uh Farscape was not better than Stargate no way not even close I couldn’t get into that show either I couldn’t stand the actor everyone’s asking about honk or

Maybe it’s just one person 17.1 million see this is an impressive chart you know like a lot of people ask me like look at this chart and it just shows a big dive I’m like what do you want me to say it’s it’s it’s diving and it looks horrible right right this

Actually looks pretty good but uh I don’t know anything about it that’s actually pretty funny mess with the honk get the Bonk I mean that that see that’s creative right that’s actually creative that’s funny it’s not it’s not like they didn’t call it like honk Pepe or honk Bonk or

Whatever ever it is right that’s actually creative and unique uh they got 4,000 people following them they have how many holders do they have they have uh 1,777 followers that’s not bad uh 86 on the deck score chart chart uh it doesn’t show the top holders it’s okay it looks good it looks

Good where do purchased honk I’m pretty sure you have to go on um I’m pretty sure you go on radium that’s the only place that’s go to have it I doubt it’s on oh it is actually on CMC already they’re up 118% today guys so probably

Not the best time to get into it but yeah they’re on radium uh they’re on Jupiter too big volume on Jupiter the future of one inch it’s it’s a DEX aggregator it could survive but it’s not like it it’s never had great momentum it’s just it’s just it’s useful but not a

Great not a great play for returns let’s just put it that way all right guys I’ll let you go overall JP Morgan says the downside is behind us do we listen to them well if we’re looking at gbdc and how much they’re selling it’s starting to slow down maybe

It’s going to get to 300 tomorrow 200 next week 100 Z and then then we’re going to have that buying pressure back once again and about the US government should we be worried 130 million on a Silk Road that’s barely nothing that’s not going to cause a dent

At all so continue to stay strong guys and I’ll see you guys tomorrow 8:30 a.m. Central Standard time it’ll be a happy Friday we’ll have a good time all right have a good one take care by