BlackRock Is Cycling Clients Out of Housing Into Bitcoin
synopsis
Ian deep-dives into the BlackRock-Coinbase partnership, arguing that BlackRock is cycling wealthy clients out of a housing bubble they helped create and into Bitcoin. He also covers the Tornado Cash arrest — a Dutch developer arrested for writing code — as the definitive proof that Ethereum is centralized and censorable, while Bitcoin remains untouchable. The housing market data (Austin listings up 169%) sets up the thesis that private equity is dumping houses to reposition into Bitcoin.
quotes
Ian: "BlackRock is trying to cycle all of their high-wealth individuals out of the housing bubble that they just created."
Ian: "Bitcoin is the scheme that the regular folk figured out first."
Ian: "You get Bitcoin at the price you deserve."
Ian: "There are a lot of really wealthy Bitcoiners that ain't saying shit."
Ian on Ethereum: "It's only like two phone calls to shut down... Either Infura goes along with it or Amazon comes in and shuts you down."
Mandana: "How do you offer Bitcoin? You just go buy it."
Ian: "If you are a millionaire and you're getting your advice from Jim Cramer, you're doing it wrong."
Ian: "People who are in the most need of breaking out of the system are the ones who got it the earliest."
topics
BlackRock-Coinbase partnership mechanics (Coinbase Custody, multi-sig)BlackRock cycling clients from housing to BitcoinUS housing market correction (listings up 100%+ in some cities, Austin 169%)Private equity housing bubble contributionTornado Cash arrest and Ethereum censorshipInfura compliance with sanctions (two phone calls to shut down Ethereum)Code as free speechInterest rate hikes and housing price implicationsEthereum's fundamental centralization flaw exposed