MP3, Links, and More: http://ymb.tc/e157
This is episode 157 of You, Me, and BTC – your liberty and Bitcoin podcast!
First up today, we’ll cover Bitcoin’s giant crash over the past few days. According to one report, Bitcoin is getting demolished. That may be true on paper (if you just look at rece...
## YMB Podcast E157: "Demolish Bitcoin. We Dare You. #BitcoinWreckingBall" (2017-01-14) - Summary
This episode of the YMB Podcast, titled "Demolish Bitcoin. We Dare You," dives into recent Bitcoin price volatility and its potential connection to Chinese government actions and perceived attempts at manipulation.
Main Topics:
- Chinese Influence: The hosts speculate that recent Bitcoin price drops are linked to statements from a head of a Chinese Bitcoin exchange and subsequent investigations by the Chinese government.
- Price Manipulation Concerns: The podcast discusses the possibility of someone (referred to as "Bonds FX" or Jonathan Graber) attempting to undermine Bitcoin and proposes a Twitter campaign using #BitcoinWreckingBall.
- Long-Term Perspective: Despite recent dips, the hosts emphasize the importance of a long-term investment perspective, noting Bitcoin's overall price increase over the past year and month.
- Trump Administration & Bitcoin: The episode explores the potential impact of Donald Trump’s presidency on Bitcoin, expressing concerns about potential restrictions while also noting the appointment of Mick Mulvaney, a blockchain supporter.
- Government Control & Bitcoin's Properties: The hosts discuss the government's inherent desire to control new technologies and the importance of Bitcoin's immutable nature, regardless of regulatory attempts.
Key Quotes:
- "This is a relative drop...it's still higher than it was a month ago, even a year ago."
- "They want to put training wheels on it."
- (Referring to China) "They're either manipulating the price or trying to exert regulatory control."
People Mentioned:
- Daniel Brown (Host)
- Tim Baker (Host)
- Zach Paul (Host)
- Jonathan Graper (Business Insider - "Bonds FX")
- Mick Mulvaney
- Jeff Sessions
- Donald Trump
Bitcoin Price: The episode references recent price fluctuations but does not provide a specific Bitcoin price figure. The hosts repeatedly emphasize that while the price has dropped, it remains significantly higher than previous levels.