Digital Social Hour
Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
That is something that is fundamental to why I believe we're going into a super cycle.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
So there's three reasons that I wrote the book and two sort of messages that should come out of it.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
I guess three if you include the first one.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
First one is I was frustrated that traditional...
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
business people, investors, didn't get what I was saying, or they would run it past their stockbroker.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
Well, if you run it past your stockbroker in 2013, he's going to say, this is like a road to bankruptcy.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
They'd be like, or I can't talk about it.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
I'm not allowed to talk about it.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
This is a con game or whatever.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
And if their trusted advisor, who's not allowed to sell something, says that it's a con or it's a fraud or it's a Ponzi or whatever, and of course, they'd never read the white paper.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
They'd never investigated.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
They just simply, that was what their boss's boss's boss said.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
And of course, you know, going back to the earliest days, you know, places like JP Morgan, you know, famously, you know, Jamie Dimon had said, I think in 2015, if anybody was stupid enough to buy Bitcoin, he would at JP Morgan, he would fire him on the spot.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
And then there's reports of like other divisions of JP Morgan buying it up as soon as the price crashed, you know?
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
So it's like, watch how I'm running my book.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
Not what I say.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
Right.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
And this has been a secret of short sellers for generations.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
Yeah.
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Michael Terpin: What Billionaires Arenât Telling You About Bitcoinâs Next Cycle | DSH #1622
And I think you can see now that all of a sudden the price is in, you know, 100,000 plus.