The financial system as we know it just changed overnight thanks to an obscure three number rule, and bitcoin is at the center of it all. Now, for years, banks have been locked out of bitcoin because of one controversial SEC rule has been challenged and vetoed by Biden. But in a stunning turn of events, the rule's been overturned. And note this isn't just a policy shift, it's the beginning of a complete fundamental change in how bitcoin fix into the global financial system. And no matter what you know about this, you're not bullish enough. So in this video, I'm going to break down exactly what the SEC just did and why. Now I'm gonna explain why this is a much bigger deal for bitcoin than most are thinking. We're going to look at how this will impact bitcoin's value and adoption, and of course what we should be watching and paying attention to as all this unfolds. Now real quick. I'm Mark Moss. I've been making bitcoin and macro educational content for over seven years with over one hundred million views. I'm a partner of leading bitcoin hedge fund called the Bigcoin Opportunity Fund. I'm the chief visionary officer at Matador. It's a new public bitcoin company, and I helped thousands of investors like you navigate these fast moving times. And this is the exact information that we're looking at to plan our next moves, and so should you. So let's go all right, So what is this obscure three number rule we're talking about. Well, this is SAB one two one. Huh. Well what does that mean? Well, SAB staff Accounting Bulletin. And basically this was issued by the SEC, the Securities Exchange Commission back in twenty twenty two, and it established the crypto accounting standards. Now, the important thing to know about this is it was not a law, It was not a regulation. It wasn't passed through the regular means in the United States of going through Congress. This was by the SEC themselves, and so this was actually just a bulletin. It was like a note. This is like sort of what we think. And basically what it did is it set this requirement, this bulletin of how banks should think about accounting standards for bitcoin and cryptocurrency. And basically what it did is it required the banks to hold bitcoin and cryptocurrencies on their books as a liability. And that means for a liability they need to have a matching asset as well, and that created a problem for them. Now, the important thing to understand is that again, this was not a law, it was not a regulation. It was a bulletin. Now why is that, Well, that is because you have to understand this piece. It's because the by the administration, including Elizabeth Warren, including Gary Ginsler as the head of the SEC, were very very anti crypto. As a matter of fact, Elizabeth Warren ran on a platform called an anti crypto army literally figuratively. Now, I didn't understand, and I actually asked CHGBT when this came out. Win has a United States America politician ever ran on a platform to take away freedoms, which would be weird in the Land of the Free, and she bet said never. But Elizabeth Warren did. She ran platform to take away your rights to hold assets as you see fit, which is pretty interesting. So you can see Elizabeth Warren, Gary Ginsler and Biden were very anti cryptocurrency, very anti freedom. And so what happened is instead of going through the regular means of going and changing the laws, they decided to go around and do something sly and a roundabout way. And so what they did is the SEC completely bypassed Congress. So instead of going through the regular law channels of making a law, what it did is they issued this bulletin, and as bulletin said, hey, this is the risk that we see. This is what we think you should do. And you know it's not a law, but if you don't do this, be prepared for us to come in and find you and shut you down in all types of things. And so it completely bypassed Congress in that way, and it fast tracked strong Arms its implementation. Some concerns of the SEC's actions were that it had lack of due process. So because they circumvented Congress, the SEA ignored the proper process. It had regulatory overreach. So it created new laws through a threat, a threat of enforcement. So this was how the Biden regime did things. They threatened people, if they don't do what they want, then they're going to be raked through the coals. Now, in that bulletin, they showed sort of the technological risk, the legal risk, the regulatory risks that were posed. And basically what they said here is this was required, required, required, required, So they're telling you, if you don't do this, be prepared, were coming after you. So guess what happened, Well, the banks didn't get involved. They wanted to, and the banks started missing out. The banks saw everybody making all this money in bigcoin and cryptocurrencies. Of course they wanted in, but they couldn't because they were fearful of what the SEC would do. And so then what do the banks do. Well, if we can't make money, then we're not going to let anybody participate. And so you saw things where the banks were potentially not letting you transfer money from the bank to an extra he's like coinbase for example, like my own bank, one of the banks I use won't let me transfer money so for example. But the problem is the banks were losing customers. They could see people pulling money out and send it to cryptocurrency exchanges, and banks were very sticky. They don't want to lose those customers because they'll lose out a lot of potential income. Now again, they wanted to switch over, but they were fearful of this hostile administration again, Gensler, Biden, and Warren. So what did they do? Well, they did what you're supposed to do in America, which is they started to have a legislative movement, and they submitted a bill to get SAB one two one recinded so the sec wouldn't have this hanging over their head. And they got it through last year through the Senate. The Senate approved it, they got it through the House, the House approved to repeal it. Then it got all the way to Biden's desk and he vetoed it. So the will of the American people, the Banks, the Senate, the House all said get rid of this bulletin. You shouldn't have that power. And the president, President Biden vetoed it, or whoever had his stamp at the time, we don't know. So basically what happened you can see here Biden veto's the resolution to overturn it. This was last year with Biden's angry face. Like I said, probably wasn't him. So what happened then, Well, the American people voted and they got Biden out and they put Trump in. Trump came in. He gave this speech at Bitcoin conference in Nashville last year. I got to speak on the main stage about two hours before Trump showed up. I tried to stay backstage to see him when he showed up, but they wouldn't let me. But I got to watch this stage, this presentation from the front of the stage, and he basically said, fire Gary Ginsler. On day one he said, we've seen all the persecution that's happened to the bitcoin and cryptocurrency space by the SEC, and we're going to get rid of it. We're going to fire him. So the American people spoke as it's supposed to be done, and Trump came in. Now this is where things get interesting, and not just interesting, but very powerful. So here comes the Bank. So what happened is Trump has so far kept his word. He's done a lot of things he said he was going to do, like, for example, close the borders. He freed Ross on day one, and he got rid of Gary Ginsler at the head of the SEC. So he stepped down and immediately SAB one two one was rescinded. The very thing that was holding the banks back, the financial system back, the very thing that they tried to get rid of that Biden wouldn't let go of. It's over so the bank. So that's been rescinded, and now the banks are coming with adoption. You can see breaking SEC officially rescinds SAB one twenty one, which prevented banks from custodying bitcoin. So if the banks can custody bitcoin, that means now they could hold it on behalf of their customers. They could sell it to their customers. They could sell it and hold it. They could do all types of financial products, lending products, hedging products, all types of financial products, which of course is what they want to do. Now. If the banks do this, this brings adoption. Why well, for a couple of reasons. Number one, it makes it accessible two millions, millions, hundreds of millions of people. People already have bank accounts. If I can just click a button and add bitcoin in my bank account, it makes it very easy, very accessible. Number two, it adds legitimacy and trust. I mean, I don't know about this magic internet money. I don't know about this exchange. I mean, I got to set up this account and I somehow have to send them money. Seems kind of sketchy. But if my money is already in my bank who I trust Wells Fargo, Chase, Bank of America, and I can click a button to add bitcoin, it adds legitimacy and trust. I trust the bank to hold my money. I can trust the bank to hold my bitcoin. It also then, as I said, allows the banks to introduce all types of new products they want to do this. Let me show you exactly what they're saying. We just saw the World Economic Forum was being held in Davos, and of course all the world leaders, including the banksters, were all there at Davos. David Solomon, the CEO of Goldman Sachs, one of the largest, most prestigious, most influential financial firms in the world, said, at the moment, from a regulatory perspective, we can't own bitcoined. This was a few weeks ago previous to this being rescinded. He said, But but if the world changes, which it just did, we can have a discussion about it. So he's saying, look, we'd love to get into it, but we can't. But if it changes, we're all about it. That's what he's saying. Okay, that's Goldman Sachs. What else we got a small business owner, are you buried in all types of work keeping you from the real thing that makes you money. Well, that's where just Works comes in. They're the all in one platform that supports small business growth. You can get all their tools that help with benefits like payroll and HR and compliance with transparent pricing. Now they help you hire top talent internationally, internew markets, quickly scale international operations without the workload, and for every how do I do it? Question? You can reach out to their expert staff from sole proprietor or a team of twenty. Just Works empowers all kinds of small businesses with real human support. So visit just Works dot com slash podcast to join the thousands of small businesses that trust Just Works to take care of payroll, benefits, compliance and more. Again, that's Justworks dot com slash podcast. Well we have right here Morgan Stanley, CEO Ted Pick said, we'll be working with Treasury and I have the regulators to figure out how keyword, how how we can offer crypto services in a safe way. Well, they don't have to anymore because it's been rescinded and they're ready to come in hard and heavy. Now, speaking of hard and heavy, we have here a message from Bank of America CEO Brian moynihan. He said, if the rules come in and make it a real thing, you can actually do business with, which you just did, you'll find that the banking system will come in hard. Quote, come in hard. What does hard mean? Well, I have some numbers for you, he says, they're going to come in hard. So Goldman, Sachs, Morgan Stanley, Bank of America, some of the biggest banks in the world are coming in hard. But what does hard really mean. Well, here we have Blackrock, not arguably the biggest financial firm in the world. I think eleven and a half trillion dollars in assets Blackrock, it's not their money. It's not eleven and a half trillion dollars with their money. It's your money. It's your pension, your retirement fund. They manage it on your behalf. Blackrock is now telling everybody that they manage money for that They recommend bitcoin portfolio waiting of up to two percent. Up to two percent, the largest financial firm in the world, who manages more money for more people than anybody else, is saying that everyone should have about a two percent waiting to bitcoin. That's what hard looks like. Now, what would a two percent waiting mean? Well, the head of Blackrock, Larry Fink, just happened to tell us. He said that I was with a sovereign wealth fund during this week and Davos, and there was a conversation should we have a two percent allocation or should we have a five percent? Not should we have one or not? But it's how big should it be two percent or should it be five percent? And he said that if everybody adopted that conversation. When he says everybody, what he's talking about is if all the big funds, not every single person in the world, but all the big funds. If if everybody, if the funds would do that, if they'd have that conversation, we'd see bitcoin up to seven hundred thousand dollars per bitcoin. So that's seven hundred thousand potentially a future value, and you can buy it for one hundred thousand today. Seems like a pretty good deal. I think Larry Fink is bullish, but maybe he's still not bullish enough. All right, let's keep going now. The reason why he may not be bullish enough is because you have to understand this isn't just that SAB one two one was recented, which it was. What this is it's really a signal. It's a shift, it's a fundamental transformation, it's a regime shift. We got the entire whatever you want to call it Obama Biden administration. That regime is out and we have a new regime in that's completely different. How different, Well, Gensler, Gary Ginsler, Elizabeth Warren, the anti crypto army, they're out and instead taking Ginsler's place is Hester Pierce. Now, Hester Pierce has been with the SEC for a long time. She has been one of the only people at the SEC that's been friendly to crypto. She's been this voice of reason, if you will, trying to speak on behalf of the people. So much in fact that hester Pierce has been labeled crypto Mom. Now Ginsler is out, and guess who took his place, none other than crypto Mom Hester Pierce. As a matter of fact, we also have David Sachs, a well known crypto advocate who has now become Trump's cryptos are. So we have a huge crypto advocate as the cryptos are. We have Crypto Mom taking over the SEC, and we have Trump who came in and used an executive order to get rid of Operation choke Point. And Operation choke Point was this u SEC basically regulation, well not regulation, but they were attacking banks and other financial institutions sort of unconstitutionally and that is gone. You can see here this article from Bloomberg says, the SEC launches Crypto Task Force, led by crypto mom Hester Pierce. So they're going to develop a clear framework for crypto and they're going to do it the right way. They're going to coordinate with Congress as well as well as other agencies. So not like with the SECD before, which was this inrun around Congress, They're going to work directly with Congress. This is a big deal. This is a regime shift. On top of that, as I said, Trump did some executive orders executive order sidelines the FED and its sidelines the FDIC, like get out of the way. We're doing this right, we're doing this. This is the end of Operation Choke point two point zero. No longer will they do these unconsc titutional moves. If cryptocurrency and bit one is legal in the United States, as an American, you should have the right to do this. Now if you're not in the United States, what does this mean to you, Well, the US is a pretty big influential country and most likely this will trickle down to your country as well. But regardless, this is going to bring the boat up for everybody in the world. And again, this is not just about banks holding bitcoin as a custody. This is an entire regime shift. Do you understand what I'm talking about now? If you've been watching my videos for any time, then you know that this fits perfectly into the fifty year quantum wave framework that I've been talking about for a long time. We're in this fifty year cycle. There's four distinct phases now, as I've shown many times, Phase one right here is where retail comes in. This is where the big bang happens. All the retail comes in, the developers come in, the nerds that like the Playo technology come in. Phase two, which is where we're at right here, is the largest part of the cycle. It's what we call the surge. And this represents what I call the institutional phase or the frenzy phase. So for those of you who are watching this thinking it's too late, I should have bought bickcoin when it was ten cents or one thousand or ten thousand, know that right now is still early. We still have the biggest part of the move right here in front of us. And so what's interesting is this fifty year framework that's happened. Now this is the sixth time in three hundred years we happen to have the news of the regime change, the Trumpet administration. That fits in perfectly with this entire framework. Now you can see we can also overlay something that we use in technology to measure adoption called an S curve, and we can also see that the time it takes to go from zero to ten percent adoption is the same time it takes to go from ten percent to full adoption, which is generally eighty or ninety percent. And you can see this is a parabolic run that we have in front of us. And again this shift fits in perfectly with that. Now we can see this is a little bit of an older chart. These are slides from a video I gave over an Abu Dhabi about a month ago called Abu Dhabi is the capital of capital. Some of the richest people in the world were there and we saw then that institutions were coming for bitcoin. As a matter of fact, at that time, over sixty public trade institutions were already holding bitcoin in their balance sheet. Today it's almost one hundred. In like a month, it's almost doubled. That's how quickly this is coming. If you want to watch the full video from this, we'll link it down below. You can watch this whole video, see all these slides. It's pretty compelling if I do say myself. We'll link to that down below. And if you'd like to know how we invest through this, what types of assets when we be buying during this part of the cycle, I'm having a free live event. We'll all go through a number of charts and you can see exactly what history tells us about this. It's free. If you want to come hang out, we'll do live Q and A. I'll put a link to that down below as well. But this is a big deal. Now let's think about this from a few different ways and get ready for impact. So on a short basis, we want to be thinking about this being more about sentiment. So we're going from like this aggressive stance where we're basically trying to penalize it and shut it down to now legitimizing it. Right, we have an administration that's now very pro bitcoin, so this starts to change the mental sentiment. Now, don't be alarmed if we see the volatility in front of us. This doesn't mean that the price of bitcoin is going to double overnight, but we'll start to see this sentiment shift as more people coming in. Now, this just allowed the banks to clear the way. It takes time for them to build products and launch products, so be patient. But over the long term, we're talking about potentially hundreds of billions of dollars of capital coming in. Now, let's put this into perspective. We got bitcoin ETFs about a year ago. We've had less than one hundred billion dollars of capital come in to the ETFs, but yet the price of bitcoin, the market cap has gone up by more than a trillion dollars. So one hundred billion equals trillion dollars in market app what happens if a few hundred billion come in? You can do the math. That's more long term, which again fits perfectly into this thesis. But some people are afraid that there's risks. Some people are afraid that if the banks come in, this leads to manipulation. If they own all the bitcoin, what if they start to suppress the price like they've done with gold and things like that. Well, what I would say is, think about this from a different perspective. Think about this from a game theory, or maybe a psychological standpoint. If the banks are itching to get in because they want to make a bunch of money from you, if they want to have more ETFs, well, the only reason they're going to buy the ETFs or buy the bitcoin is if the price goes up. If they starting to manipulate it to push the price down, you wouldn't be buying it. What would be the point of that, And so I would just have you think about that. I think the risk of manipulation is very low. All right, now, what do we want to do? We want to be watching this as it develops. A couple things. One, we want to watch the big banks, the JP, Morgan's City Banks, the Bank of America has already told you what they're saying. They're coming, but we want to watch for this, right. We also want to watch the SEC because this isn't done yet. This is only the beginning. At this point, at the time I'm recording this, we're only not even a week into this new regime, this new administration. They're not done yet. They are going to completely open this up. The United States is going to become the capital of bitcoin and digital assets right here in America. But it's gonna also take Global Liquity. So, as I said, just because this is happening doesn't mean the price got double overnight. The main driver in the driver's seat is Global Liquity. If you want me to do a whole video on that, leave me a note in the comments down below. Global equity is the driver for all assets, specifically risk assets that are sensitive like bitcoins. We want to definitely watch that. But I do want to leave you with the thought, and that is that we are at the doorstep right now. This is a moment in time. Remember this the doorstep of the single biggest migration of capital. All the money is in the old legacy system and it's all migrating over to the new system, an adoption into the digital asset space. And no one has seen something this big ever happened before, and we are lucky enough to be alive watching it right now. All right, let me know what you think, Let me comment down below. Are you expecting this to be as big as I am? Let me know in the comics down below, all right. And other than that, so I got to your success, I'm out

The financial system as we know it just changed overnight thanks to an obscure three number rule, and bitcoin is at the center of it all. Now, for years, banks have been locked out of bitcoin because of one controversial SEC rule has been challenged and vetoed by Biden. But in a stunning turn of events, the rule's been overturned. And note this isn't just a policy shift, it's the beginning of a complete fundamental change in how bitcoin fix into the global financial system. And no matter what you know about this, you're not bullish enough. So in this video, I'm going to break down exactly what the SEC just did and why. Now I'm gonna explain why this is a much bigger deal for bitcoin than most are thinking. We're going to look at how this will impact bitcoin's value and adoption, and of course what we should be watching and paying attention to as all this unfolds. Now real quick. I'm Mark Moss. I've been making bitcoin and macro educational content for over seven years with over one hundred million views. I'm a partner of leading bitcoin hedge fund called the Bigcoin Opportunity Fund. I'm the chief visionary officer at Matador. It's a new public bitcoin company, and I helped thousands of investors like you navigate these fast moving times. And this is the exact information that we're looking at to plan our next moves, and so should you. So let's go all right, So what is this obscure three number rule we're talking about. Well, this is SAB one two one. Huh. Well what does that mean? Well, SAB staff Accounting Bulletin. And basically this was issued by the SEC, the Securities Exchange Commission back in twenty twenty two, and it established the crypto accounting standards. Now, the important thing to know about this is it was not a law, It was not a regulation. It wasn't passed through the regular means in the United States of going through Congress. This was by the SEC themselves, and so this was actually just a bulletin. It was like a note. This is like sort of what we think. And basically what it did is it set this requirement, this bulletin of how banks should think about accounting standards for bitcoin and cryptocurrency. And basically what it did is it required the banks to hold bitcoin and cryptocurrencies on their books as a liability. And that means for a liability they need to have a matching asset as well, and that created a problem for them. Now, the important thing to understand is that again, this was not a law, it was not a regulation. It was a bulletin. Now why is that, Well, that is because you have to understand this piece. It's because the by the administration, including Elizabeth Warren, including Gary Ginsler as the head of the SEC, were very very anti crypto. As a matter of fact, Elizabeth Warren ran on a platform called an anti crypto army literally figuratively. Now, I didn't understand, and I actually asked CHGBT when this came out. Win has a United States America politician ever ran on a platform to take away freedoms, which would be weird in the Land of the Free, and she bet said never. But Elizabeth Warren did. She ran platform to take away your rights to hold assets as you see fit, which is pretty interesting. So you can see Elizabeth Warren, Gary Ginsler and Biden were very anti cryptocurrency, very anti freedom. And so what happened is instead of going through the regular means of going and changing the laws, they decided to go around and do something sly and a roundabout way. And so what they did is the SEC completely bypassed Congress. So instead of going through the regular law channels of making a law, what it did is they issued this bulletin, and as bulletin said, hey, this is the risk that we see. This is what we think you should do. And you know it's not a law, but if you don't do this, be prepared for us to come in and find you and shut you down in all types of things. And so it completely bypassed Congress in that way, and it fast tracked strong Arms its implementation. Some concerns of the SEC's actions were that it had lack of due process. So because they circumvented Congress, the SEA ignored the proper process. It had regulatory overreach. So it created new laws through a threat, a threat of enforcement. So this was how the Biden regime did things. They threatened people, if they don't do what they want, then they're going to be raked through the coals. Now, in that bulletin, they showed sort of the technological risk, the legal risk, the regulatory risks that were posed. And basically what they said here is this was required, required, required, required, So they're telling you, if you don't do this, be prepared, were coming after you. So guess what happened, Well, the banks didn't get involved. They wanted to, and the banks started missing out. The banks saw everybody making all this money in bigcoin and cryptocurrencies. Of course they wanted in, but they couldn't because they were fearful of what the SEC would do. And so then what do the banks do. Well, if we can't make money, then we're not going to let anybody participate. And so you saw things where the banks were potentially not letting you transfer money from the bank to an extra he's like coinbase for example, like my own bank, one of the banks I use won't let me transfer money so for example. But the problem is the banks were losing customers. They could see people pulling money out and send it to cryptocurrency exchanges, and banks were very sticky. They don't want to lose those customers because they'll lose out a lot of potential income. Now again, they wanted to switch over, but they were fearful of this hostile administration again, Gensler, Biden, and Warren. So what did they do? Well, they did what you're supposed to do in America, which is they started to have a legislative movement, and they submitted a bill to get SAB one two one recinded so the sec wouldn't have this hanging over their head. And they got it through last year through the Senate. The Senate approved it, they got it through the House, the House approved to repeal it. Then it got all the way to Biden's desk and he vetoed it. So the will of the American people, the Banks, the Senate, the House all said get rid of this bulletin. You shouldn't have that power. And the president, President Biden vetoed it, or whoever had his stamp at the time, we don't know. So basically what happened you can see here Biden veto's the resolution to overturn it. This was last year with Biden's angry face. Like I said, probably wasn't him. So what happened then, Well, the American people voted and they got Biden out and they put Trump in. Trump came in. He gave this speech at Bitcoin conference in Nashville last year. I got to speak on the main stage about two hours before Trump showed up. I tried to stay backstage to see him when he showed up, but they wouldn't let me. But I got to watch this stage, this presentation from the front of the stage, and he basically said, fire Gary Ginsler. On day one he said, we've seen all the persecution that's happened to the bitcoin and cryptocurrency space by the SEC, and we're going to get rid of it. We're going to fire him. So the American people spoke as it's supposed to be done, and Trump came in. Now this is where things get interesting, and not just interesting, but very powerful. So here comes the Bank. So what happened is Trump has so far kept his word. He's done a lot of things he said he was going to do, like, for example, close the borders. He freed Ross on day one, and he got rid of Gary Ginsler at the head of the SEC. So he stepped down and immediately SAB one two one was rescinded. The very thing that was holding the banks back, the financial system back, the very thing that they tried to get rid of that Biden wouldn't let go of. It's over so the bank. So that's been rescinded, and now the banks are coming with adoption. You can see breaking SEC officially rescinds SAB one twenty one, which prevented banks from custodying bitcoin. So if the banks can custody bitcoin, that means now they could hold it on behalf of their customers. They could sell it to their customers. They could sell it and hold it. They could do all types of financial products, lending products, hedging products, all types of financial products, which of course is what they want to do. Now. If the banks do this, this brings adoption. Why well, for a couple of reasons. Number one, it makes it accessible two millions, millions, hundreds of millions of people. People already have bank accounts. If I can just click a button and add bitcoin in my bank account, it makes it very easy, very accessible. Number two, it adds legitimacy and trust. I mean, I don't know about this magic internet money. I don't know about this exchange. I mean, I got to set up this account and I somehow have to send them money. Seems kind of sketchy. But if my money is already in my bank who I trust Wells Fargo, Chase, Bank of America, and I can click a button to add bitcoin, it adds legitimacy and trust. I trust the bank to hold my money. I can trust the bank to hold my bitcoin. It also then, as I said, allows the banks to introduce all types of new products they want to do this. Let me show you exactly what they're saying. We just saw the World Economic Forum was being held in Davos, and of course all the world leaders, including the banksters, were all there at Davos. David Solomon, the CEO of Goldman Sachs, one of the largest, most prestigious, most influential financial firms in the world, said, at the moment, from a regulatory perspective, we can't own bitcoined. This was a few weeks ago previous to this being rescinded. He said, But but if the world changes, which it just did, we can have a discussion about it. So he's saying, look, we'd love to get into it, but we can't. But if it changes, we're all about it. That's what he's saying. Okay, that's Goldman Sachs. What else we got a small business owner, are you buried in all types of work keeping you from the real thing that makes you money. Well, that's where just Works comes in. They're the all in one platform that supports small business growth. You can get all their tools that help with benefits like payroll and HR and compliance with transparent pricing. Now they help you hire top talent internationally, internew markets, quickly scale international operations without the workload, and for every how do I do it? Question? You can reach out to their expert staff from sole proprietor or a team of twenty. Just Works empowers all kinds of small businesses with real human support. So visit just Works dot com slash podcast to join the thousands of small businesses that trust Just Works to take care of payroll, benefits, compliance and more. Again, that's Justworks dot com slash podcast. Well we have right here Morgan Stanley, CEO Ted Pick said, we'll be working with Treasury and I have the regulators to figure out how keyword, how how we can offer crypto services in a safe way. Well, they don't have to anymore because it's been rescinded and they're ready to come in hard and heavy. Now, speaking of hard and heavy, we have here a message from Bank of America CEO Brian moynihan. He said, if the rules come in and make it a real thing, you can actually do business with, which you just did, you'll find that the banking system will come in hard. Quote, come in hard. What does hard mean? Well, I have some numbers for you, he says, they're going to come in hard. So Goldman, Sachs, Morgan Stanley, Bank of America, some of the biggest banks in the world are coming in hard. But what does hard really mean. Well, here we have Blackrock, not arguably the biggest financial firm in the world. I think eleven and a half trillion dollars in assets Blackrock, it's not their money. It's not eleven and a half trillion dollars with their money. It's your money. It's your pension, your retirement fund. They manage it on your behalf. Blackrock is now telling everybody that they manage money for that They recommend bitcoin portfolio waiting of up to two percent. Up to two percent, the largest financial firm in the world, who manages more money for more people than anybody else, is saying that everyone should have about a two percent waiting to bitcoin. That's what hard looks like. Now, what would a two percent waiting mean? Well, the head of Blackrock, Larry Fink, just happened to tell us. He said that I was with a sovereign wealth fund during this week and Davos, and there was a conversation should we have a two percent allocation or should we have a five percent? Not should we have one or not? But it's how big should it be two percent or should it be five percent? And he said that if everybody adopted that conversation. When he says everybody, what he's talking about is if all the big funds, not every single person in the world, but all the big funds. If if everybody, if the funds would do that, if they'd have that conversation, we'd see bitcoin up to seven hundred thousand dollars per bitcoin. So that's seven hundred thousand potentially a future value, and you can buy it for one hundred thousand today. Seems like a pretty good deal. I think Larry Fink is bullish, but maybe he's still not bullish enough. All right, let's keep going now. The reason why he may not be bullish enough is because you have to understand this isn't just that SAB one two one was recented, which it was. What this is it's really a signal. It's a shift, it's a fundamental transformation, it's a regime shift. We got the entire whatever you want to call it Obama Biden administration. That regime is out and we have a new regime in that's completely different. How different, Well, Gensler, Gary Ginsler, Elizabeth Warren, the anti crypto army, they're out and instead taking Ginsler's place is Hester Pierce. Now, Hester Pierce has been with the SEC for a long time. She has been one of the only people at the SEC that's been friendly to crypto. She's been this voice of reason, if you will, trying to speak on behalf of the people. So much in fact that hester Pierce has been labeled crypto Mom. Now Ginsler is out, and guess who took his place, none other than crypto Mom Hester Pierce. As a matter of fact, we also have David Sachs, a well known crypto advocate who has now become Trump's cryptos are. So we have a huge crypto advocate as the cryptos are. We have Crypto Mom taking over the SEC, and we have Trump who came in and used an executive order to get rid of Operation choke Point. And Operation choke Point was this u SEC basically regulation, well not regulation, but they were attacking banks and other financial institutions sort of unconstitutionally and that is gone. You can see here this article from Bloomberg says, the SEC launches Crypto Task Force, led by crypto mom Hester Pierce. So they're going to develop a clear framework for crypto and they're going to do it the right way. They're going to coordinate with Congress as well as well as other agencies. So not like with the SECD before, which was this inrun around Congress, They're going to work directly with Congress. This is a big deal. This is a regime shift. On top of that, as I said, Trump did some executive orders executive order sidelines the FED and its sidelines the FDIC, like get out of the way. We're doing this right, we're doing this. This is the end of Operation Choke point two point zero. No longer will they do these unconsc titutional moves. If cryptocurrency and bit one is legal in the United States, as an American, you should have the right to do this. Now if you're not in the United States, what does this mean to you, Well, the US is a pretty big influential country and most likely this will trickle down to your country as well. But regardless, this is going to bring the boat up for everybody in the world. And again, this is not just about banks holding bitcoin as a custody. This is an entire regime shift. Do you understand what I'm talking about now? If you've been watching my videos for any time, then you know that this fits perfectly into the fifty year quantum wave framework that I've been talking about for a long time. We're in this fifty year cycle. There's four distinct phases now, as I've shown many times, Phase one right here is where retail comes in. This is where the big bang happens. All the retail comes in, the developers come in, the nerds that like the Playo technology come in. Phase two, which is where we're at right here, is the largest part of the cycle. It's what we call the surge. And this represents what I call the institutional phase or the frenzy phase. So for those of you who are watching this thinking it's too late, I should have bought bickcoin when it was ten cents or one thousand or ten thousand, know that right now is still early. We still have the biggest part of the move right here in front of us. And so what's interesting is this fifty year framework that's happened. Now this is the sixth time in three hundred years we happen to have the news of the regime change, the Trumpet administration. That fits in perfectly with this entire framework. Now you can see we can also overlay something that we use in technology to measure adoption called an S curve, and we can also see that the time it takes to go from zero to ten percent adoption is the same time it takes to go from ten percent to full adoption, which is generally eighty or ninety percent. And you can see this is a parabolic run that we have in front of us. And again this shift fits in perfectly with that. Now we can see this is a little bit of an older chart. These are slides from a video I gave over an Abu Dhabi about a month ago called Abu Dhabi is the capital of capital. Some of the richest people in the world were there and we saw then that institutions were coming for bitcoin. As a matter of fact, at that time, over sixty public trade institutions were already holding bitcoin in their balance sheet. Today it's almost one hundred. In like a month, it's almost doubled. That's how quickly this is coming. If you want to watch the full video from this, we'll link it down below. You can watch this whole video, see all these slides. It's pretty compelling if I do say myself. We'll link to that down below. And if you'd like to know how we invest through this, what types of assets when we be buying during this part of the cycle, I'm having a free live event. We'll all go through a number of charts and you can see exactly what history tells us about this. It's free. If you want to come hang out, we'll do live Q and A. I'll put a link to that down below as well. But this is a big deal. Now let's think about this from a few different ways and get ready for impact. So on a short basis, we want to be thinking about this being more about sentiment. So we're going from like this aggressive stance where we're basically trying to penalize it and shut it down to now legitimizing it. Right, we have an administration that's now very pro bitcoin, so this starts to change the mental sentiment. Now, don't be alarmed if we see the volatility in front of us. This doesn't mean that the price of bitcoin is going to double overnight, but we'll start to see this sentiment shift as more people coming in. Now, this just allowed the banks to clear the way. It takes time for them to build products and launch products, so be patient. But over the long term, we're talking about potentially hundreds of billions of dollars of capital coming in. Now, let's put this into perspective. We got bitcoin ETFs about a year ago. We've had less than one hundred billion dollars of capital come in to the ETFs, but yet the price of bitcoin, the market cap has gone up by more than a trillion dollars. So one hundred billion equals trillion dollars in market app what happens if a few hundred billion come in? You can do the math. That's more long term, which again fits perfectly into this thesis. But some people are afraid that there's risks. Some people are afraid that if the banks come in, this leads to manipulation. If they own all the bitcoin, what if they start to suppress the price like they've done with gold and things like that. Well, what I would say is, think about this from a different perspective. Think about this from a game theory, or maybe a psychological standpoint. If the banks are itching to get in because they want to make a bunch of money from you, if they want to have more ETFs, well, the only reason they're going to buy the ETFs or buy the bitcoin is if the price goes up. If they starting to manipulate it to push the price down, you wouldn't be buying it. What would be the point of that, And so I would just have you think about that. I think the risk of manipulation is very low. All right, now, what do we want to do? We want to be watching this as it develops. A couple things. One, we want to watch the big banks, the JP, Morgan's City Banks, the Bank of America has already told you what they're saying. They're coming, but we want to watch for this, right. We also want to watch the SEC because this isn't done yet. This is only the beginning. At this point, at the time I'm recording this, we're only not even a week into this new regime, this new administration. They're not done yet. They are going to completely open this up. The United States is going to become the capital of bitcoin and digital assets right here in America. But it's gonna also take Global Liquity. So, as I said, just because this is happening doesn't mean the price got double overnight. The main driver in the driver's seat is Global Liquity. If you want me to do a whole video on that, leave me a note in the comments down below. Global equity is the driver for all assets, specifically risk assets that are sensitive like bitcoins. We want to definitely watch that. But I do want to leave you with the thought, and that is that we are at the doorstep right now. This is a moment in time. Remember this the doorstep of the single biggest migration of capital. All the money is in the old legacy system and it's all migrating over to the new system, an adoption into the digital asset space. And no one has seen something this big ever happened before, and we are lucky enough to be alive watching it right now. All right, let me know what you think, Let me comment down below. Are you expecting this to be as big as I am? Let me know in the comics down below, all right. And other than that, so I got to your success, I'm out