The “Secret War” Punishing Crypto

I can’t believe I was so naïve.

After the launch of the first bitcoin ETF and the election of a pro-bitcoin President… along with the passing of the GENIUS Act… I thought the “Crypto Wars” were over. We had won.

Boy, was I wrong.

The war never ended. It just shifted to a different battlefield. It went underground – into the dark, windowless committee rooms of Washington, D.C.

I have been warning you about the greed in the American banking system since I first brought bitcoin to you in 2016 at about $400.

When bitcoin was down 80% in 2018, I warned you the banks would tell you BTC was radioactive… but they would secretly be preparing for a day when they would embrace it and recommend it to their clients.

Since then, we’ve seen the world’s largest institutional players do exactly that.

Like Goldman Sachs, which, for years, claimed bitcoin was not an investable asset class. Today, they’ve disclosed over $1 billion in bitcoin ETF holdings.

Or BlackRock, whose CEO, Larry Fink, called bitcoin an “index for money laundering” in 2017. Today, BlackRock runs the iShares Bitcoin Trust (IBIT), one of the fastest-growing ETFs in history.

And JPMorgan Chase, whose CEO Jamie Dimon called bitcoin a “fraud.” Today, the bank has its own coin for blockchain-based settlements, and it allows its institutional clients to use bitcoin as collateral for loans.

Those of you who heeded my warnings and recommendations changed the course of your financial life forever. Since the lows in 2018, bitcoin is up 2,064%, even after this most recent drawdown. That’s enough to turn every $1,000 invested into $21,640.

Now, here we are all over again, and the banks are playing a new game with crypto.

If you have been watching the crypto markets (not just BTC), you have seen the volatility. You have seen the sudden crashes, the regulatory threats, the “FUD” (Fear, Uncertainty, and Doubt) pumped out by the mainstream financial press.

They want you to believe crypto is dangerous. They want you to believe it is “unstable.”

They are lying to you. This isn’t about safety. It is about a $6.6 trillion war against crypto.

Here’s what’s really behind the volatility in crypto assets.

Right now, U.S. banks are sitting on roughly $6.6 trillion in customer deposits. These are your savings. And what do they pay you for the privilege of holding your money? 10 basis points. That is 0.10%.

It is the greatest arbitrage racket in the history of finance. It is free money for them, and negative real returns for you.

While you earn 0.10% on your bank deposits, inflation is currently at 3%. That means you’re losing 2.9% every year in purchasing power by parking cash in the banks. Over 10 years, that compounds to a 25% loss in purchasing power for you.

Meanwhile, at a minimum, the banks are making $200 billion per year on that money, risk-free.

That’s why, over the past few months, they’ve waged a war against a crypto bill that’s pushing its way through Congress.