Hey everybody, Adam Kokus here and I know it's been a while since I've done a video about Bitcoin or cryptocurrency. So it's about time. Bitcoin is hitting new highs over 4700 now. Very, very exciting stuff. And I wish I could save it around from the beginning, but I did spend a lot of $5 bitcoins on the silk growth back in the day. Thank you Ross Ulrich for making so many beautiful transactions possible. And we are working as hard as we can out here to get you out of prison. It's going to happen. I will die before you will die in jail. We are going to make that happen Ross. But I want to talk today about some of the Bitcoin naysayers because you know, there are the future of Bitcoin is to displace Fiat currency altogether. I'm maybe not Bitcoin from the beginning. I've been a skeptic of Bitcoin itself as the Bial and all cryptocurrency. I don't think that Bitcoin is going to be the one that displaces everything. You know, not really a tough prediction, although I've debated Andreas Antonopoulos on this. And of course in a very friendly way where I say, hey, I'm not the expert here. You're the expert. But he believes that Bitcoin is going to be the thing that does it. I think we're going to see some more practically applicable coin come along, whatever. But I want to talk about the naysayers today who are, I don't know, just fearful of change. Shills for the establishment. It's really hard to tell. But I have a Google alert set up for Bitcoin. And so I get an email every single day with Bitcoin news. And I see this stuff all the time. And I just, this video's been a long time coming because it just bugs the hell out of me. But you know, it really doesn't because I know that the people now say, I'm not a great investor. When people donate Bitcoin to me for freedom, I spend it on freedom. I take that Bitcoin and I turn it into freedom. And we get the message out. I've dedicated my life to the cause of freedom activism. I'm not here for my own personal financial gain. Obviously, you know, I've lost a lot of money going to jail and sacrificing for the cause. So that's not the case with me. But I want to say I'd be laughing all the way to the bank at these people. If I was a better investor like so many of my friends who took my advice way back in, you know, 2000, when were we talking about Bitcoin first? 2010, she's seven years ago. So from CNBC, Bitcoin's nearly fivefold climb in 2017 looks very similar to the tech bubble surge. Yeah, like this is this is like, oh, yeah, this is terrible. It's like the tech bubble surge. Yeah, we're going to the stocks are going to be over inflated and then they're going to correct it. Oh, now now the internet's going to be worth us all these comm stocks are going to it's just a fat. It's like it's like the tulip bubble. Oh, yeah, it's all going to go away. Are you freaking getting me like it's like right here. And what's so funny is that these people are making these points half the time. Well, always they're making these points to slam Bitcoin and half the time they're selling it. They're reinforcing it. It's nuts like yeah, so this is the new pair like like when when if you were during the dot com bubble, you know, and it was fair to say that there was a temporary overinflation of stock prices based on hype around the tech bubble. But if you were around in the tech bubble saying, oh, yeah, this is just a bubble. These tech stocks is calm thing. It's like tulip mania. It'll all go away. And no one's going to care about the internet in 10 years. Yeah, no, the internet is here. Stay this is this is a revolutionary disruptive technology. And it's just it's it's it's laughable. These these are the people who would tell you to buy government bonds. You know Chicago Tribune. I love this. This is this is the headline why investors should be wary of Bitcoin. Yeah, investors. You should be really worried if you're if and wary of Bitcoin because you might make a fuck ton of money. Holy shit. Yeah, like this is just you know, but you should be wary because because it's a competitor with the people who know that the Federal Reserve system pays their salaries. That if it wasn't for this money monopoly controlled by the banks and government that you know they'd all be out of a job because they're shilling for the establishment. So this week Bitcoin are relatively young synthetic currency that people used to buy items over the web made headlines after hitting amazing people. So like every time Bitcoin spikes the establishment is there to put it down and like you know, suppress it's it's futile. It's ridiculous. So here from now now here's okay. So now I get into the sort of Bitcoin media stuff as well here and I just uh market watch. Okay, wait, wait, here's one for market watch before we get to the Bitcoin media stuff. Does Bitcoin threaten economic stability? Yeah, because things are so stable when the Federal Reserve stably steals from the poor to give to the rich. Yeah, that's that's great stability that you've got there in 2008 to Toshinaka moto the mysterious creator of Bitcoin the first decentralized digital currency. Describes a purely peer to peer version blah blah blah blah does this Bitcoin threaten economic stability if by that you mean the stability of the systems ability to rip people off. Yeah, it sure is. But I have I have one little story here that I want to point out that uh is is from uh coin telegraph and coin telegraph uh you know I'll be honest. I don't know that much about I've you know run into a few people who work with the Federal Reserve. I've got a lot of people who work with coin telegraph um but I'm really really disappointed in them as journalists because uh they don't really seem to be on the side of freedom or integrity. I know that's a big charge and I'm doing this from limited information what my I'll get to this but the story that they have here if Bitcoin goes mainstream will ransomware too. And the other point is that it won't but they're they're you know pushing these buttons and um the thing is they did an article recently on uh a few months ago on my friend Thomas Costanza Morpheus you might know him as the the Bitcoin trader out of Phoenix Arizona who got rolled up and he uh he he's in federal prison facing federal charges for operating unlicensed money transbending business which is sort of the new way. Of how the federal government is cracking down on Bitcoin one of the ways and it's not it's not if it's not really a threat to the Bitcoin ecosystem that the government is rolling up you know my friends who are doing this kind of day trading work but not day trading excuse me um exchange whatever um you know the the local Bitcoins Morpheus was doing uh sales in Bitcoin he was traveling around Phoenix anytime someone called him to do to be able to sell Bitcoin for cash and I'm really happy to see that. And so when coin telegraph did uh their story about him they really took the government side without questioning it and I wrote them along email explaining to them how they were wrong asking them for an apology or a retraction or a correction not for me but to Morpheus because he's the guy rotten in jail for the cause of Bitcoin and I never got a response and now I didn't just write uh this email to the author of the story I copied like every contact person uh I could find on their website and I got no response and it's really sad that you know there are people who you know claim to be big boosters of Bitcoin and again I don't know anything about this organization I just know that you know I see there articles and generally of course they're they're pro Bitcoin stuff but when you have this like honey honey poison thing you have to kind of be suspicious like Bitcoin is great Bitcoin is great but it's great how the government through people in jail for using Bitcoin and the government was so right. I tried about everything they said about that guy come on. The fact is we live in a really exciting time and Bitcoin is after the internet the most important disruptive technology of our generation or rather cryptocurrency I'm sorry sometimes you know everybody uses Bitcoin and you know I I have to remind myself that it's not the brand of Bitcoin necessarily but this concept of cryptocurrency the cat is not the brand of cryptocurrency. So, I think it's really a very good idea to be a part of this and you know the truth is I only have one thing I have to remind you guys about this is it really shows us who's future oriented who's open-minded who believes in love and peace and freedom and moving humanity forward and who's afraid and who wants to stay in the past and who wants to keep sucking off the teat of the establishment and for one not me and I hope if you're watching this not you and if you haven't bought some Bitcoin or whatever other crypto you think is a bit cool. is gonna be the one that goes to the moon and displaces fiat. Although someone say Bitcoin's already at the moon now, coming up on $5,000, a lot of happy investors. Now I just say one last thing about that. If you hadn't bought Bitcoin, it's not too late. It's not too late. Oh, I should have bought $5 Bitcoin. And I would have caught this thousand fold increase to it being worth $5,000. Well, hey, Bitcoin could go from $5,000 to $5,000. Over the next few years, you haven't missed anything yet. We are still in the very, very early stages of the cryptocurrency revolution. And it's not too late to be a part of it and help overthrow the fiat currency system that is ripping so many of us off. So anyway, peace, love, it's for the government.