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Interview: Faith In Bitcoin With Saint Bitcoin

Saint Bitcoin joins “Meet The Taco Plebs” to discuss his rabbit hole journey, faith and monetary truth.

The post Interview: Faith In Bitcoin With Saint Bitcoin appeared first on Bitcoin Magazine.

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For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by a longtime friend in the space, Saint Bitcoin (@Saint_BITCOIN). Saint is the host of the “Pleb Talk Podcast,” which is one of my personal favorites. Unfortunately, it is on hold at the moment until travel restrictions lighten up, and then Saint will be back at it doing great in-person interviews with loads of plebs.

In this podcast, we discussed how Saint got into Bitcoin and fell down the rabbit hole, and why Bitcoin is so important to him. He connected Bitcoin with his faith and sees both as a fountain of truth in which people can learn and guide their lives. Saint and I discussed what is missing from the world today and how people have become completely disconnected and lost. We got into detail about what we think most people are missing and getting wrong, and how Bitcoin is the beacon of hope that fixes these problems.

We discussed our appreciation and support for the Bitcoin taco plebs, who have been the all-stars of 2020 and the past three-year bear market. We shouted out some plebs and explained that the institutional investors getting into the space are cool but that honestly, the hard working, everyday plebs stacking sats is what really is amazing. Normal people putting in their entire life savings and then some to accumulate bitcoin is more respectable than millionaires and billionaires putting in 1 percent to 2 percent of their net worths into the corn.

Below are some of Saint’s best thoughts shared during the interview. And be sure to check out the full episode for more.

How Did You Find Bitcoin And Fall Down The Rabbit Hole?

My rabbit hole story isn’t very exciting, but it’s a story of redemption nonetheless. 

I first got involved with Bitcoin in 2017 when the price was about $3,000. I heard about it from a guy from my old church. At the time, I had just moved out of my parents’ house, got married and started my freelancing career full-time. Everything was new to me, as well as finances and economics. 

Unfortunately, I also was involved in shitcoins and a ponzi scheme. At the height of the bull run, I was watching my account go up by tens of thousands of dollars and had no idea what I was doing. I made dollars, and lost dollars, but that was my learning curve that immersed me into the world of BTC, and understanding it as the most supreme money in existence. 

Through early 2018 I repented of my shitcoin ways and found Bitcoin Twitter. I wouldn’t be the Bitcoin maximalist I am today if it wasn’t for the Bitcoin plebs, the cyber hornets, the bearers of monetary truth. I owe a lot of my journey to them! Dr. Bitcoin, American Hodl, Psychedelic El Barto and Awyee Deater Bob were some of the first accounts I followed. I was baptized in the sea of orange into monetary newness and have never been the same. I am not having fun, not having fun staying poor.

How Has Bitcoin Changed Your Life?

I can sum up how Bitcoin has changed my life in three ways:

One: NGU (Number Go Up) technology, I’m not a rich or wealthy person, I’m an average, working class pleb nobody from America who sees the future on the horizon and a once in a multi-millennia opportunity to be a part of it. 

Bitcoin can be for everyone, but I truly believe it is for the underdogs. NGU is an indicator of you being right when the world, the world system and those who mocked you were all wrong. It’s a refreshing reminder that your conviction is paying off, and that you are going down the right path in the destiny of your life, and the legacy of your future. It’s just fun and exciting and adds joy to your daily life! 

While the wicked men perish in the coming economic destruction, I believe the greatest transfer of monetary wealth in humanity will be in Bitcoin, and I believe many of the plebs you see today who got in on the ground floor will truly do some good for humanity!!!! LFG!!!

Two: finances. Because of my now understanding of Bitcoin, its purpose, what it is and why it was created, I have been able to see past the veil of deception that is over the eyes of the world still living in central banking fiat darkness. Bitcoin has pulled back the curtain on the false illusion of what money is, and Bitcoin is breaking a new paradigm of truth into the minds of all who chose to study it and be a part of it.

Three: hope. Because there is an impending economic fiat destruction, Bitcoin offers an answer, solution and a method to all of the madness. Many Bitcoiners value the same things: family, legacy, producing and building things that last!

What Do You Consider To Be The Most Amazing Thing About Bitcoin?

Absolute monetary truth, simply meaning the 21,000,000. Absolute scarcity, hardest money in existence, unshakeable unbreakable consensus, an immutable global ledger of the storing and transferring of encrypted energy over time and space.

As a man that deeply ascribes to the Christian faith in Jesus Christ, this part of Bitcoin amazes me the most. In the Bible, Jesus says: “I am the way, I am the truth, and I am the life, no one gets through to heaven, and to be with God, unless it’s through me.” So, no matter your background, history, where you come from, you leave your past behind and enter His eternal timechain and follow that better way. Jesus said: “On this rock (Him, the Gospel) I will build my Church (all who will believe throughout history) and the gates of Hell shall not prevail against it.”

See Also

Check out our video walkthrough on Unchained Capital’s Caravan tool for utilizing multisig bitcoin wallet security.

Now, with Bitcoin, no matter your educational background, where you came from, what you believe in, what your economic stature is in society, you come to this timechain, this consensus, you leave the old life of fiat understanding behind and you attain a way more excellent and venture forth into newness. Satoshi would of said something like: “On this rock (absolute monetary truth/white paper) I will build the soundest money in existence, and the gates of central banking hell shall not prevail against it.”

How Would You Advise Someone To Learn About Bitcoin? What Are Your Favorite Podcasts, Articles And Books?

I always hound someone to get the tiniest amount of skin in the game. $5, $10, $20, $50, $100, whatever it may be for them. To me, no skin equals no urgency. get them off zero and onto the sat standard, and as they watch that NGU, you have more tilled soil to teach them.

Books: “The Bitcoin Standard,” “Orange Coin Good: The Value of Bitcoin” by @Jimbocoin

Podcasts: “Tales From The Crypt,” “Stephen Livera,” BTC sessions’ vids and the many pleb podcasts out there, like “Fun With Bitcoin” with @Coinicarus who interviews everyday people on their journeys to bitcoin monetary sovereignty.

Articles: Always shilling Parker Lewis’s stuff. My favorite: “Bitcoin Obsoletes All Other Monies.”

What Is Your Best Bitcoin Pitch?

I don’t have an exact pitch, as every person is unique and requires their own line of conversation and reasoning, but I really always try and talk to people about the Infinite money printing, how our dollar is being devalued, what it’s doing to their lives and how this cycle has actually been repeating all throughout time. 

The Book of Ecclesiastes says: “There is nothing new under the sun.” What I will never do, that I tried to do when I first got into Bitcoin, is try and convince someone. I do my best to just be a part of their lives, and drop little truth satoshis in their brains. NGUwill do the talking!!! 

Those who are truly hungry for truth and something greater will come back, and the door will be open to pour into them and help them. You can’t save everyone, but really invest into those who you believe are worth it!

Source: https://bitcoinmagazine.com/articles/interview-faith-in-bitcoin-with-saint-bitcoin?utm_source=rss&utm_medium=rss&utm_campaign=interview-faith-in-bitcoin-with-saint-bitcoin

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Six-Figure Bitcoin Price Predictions Back on The Table

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This has resulted in the renewal of six-figure price predictions for this market cycle, with some suggesting a top of $300,000 this time around.

At the time of writing, Bitcoin was trading at $37,900 after reaching an intraday high of $40,000 according to Tradingview.com. The asset had started to fall back during the Asian trading session on Friday and had failed to break its previous high of $42,000 but the sentiment is still very bullish.

Total crypto market capitalization has topped a trillion dollars again as some of the altcoins, such as Polkadot, make monumental 24-hour gains.

When Will Bitcoin Top $100K?

Popular traders and analysts are back in the game of predicting prices and they’re largely in agreement that this market cycle will result in six figure Bitcoin prices.

Josh Rager said that he thinks Bitcoin will see a six-figure price by early 2022;

He added that at this peak, the name of ‘Bitcoin’ will be mentioned on every TV, phone, and tablet around the world.

“This could certainly be the cycle that leads to Bitcoin becoming a household name along with serious adoption from those who once mocked peer-to-peer digital money,”

Fellow trader ‘TraderKoz’, who has 28k followers on twitter added that at a guess he would say that this cycle takes us to $250k to $350k.

“From there, we have 3 years of accumulation in the $60-90k range before Bitcoin takes over the entire financial system. That bull run will take us to over $1,000,000,”

Michael Saylor, who’s institutional investment firm MicroStrategy has been buying up large swathes of Bitcoin, continues to post bullish tweets about the asset to his 330k followers;

The Institutional Effect

Aggregated derivative exchange data provider Bybit reported that Bitcoin institutional inflows are showing no signs of slowing down, adding that there may be a new round of buying by Grayscale.

Grayscale itself reported an assets under management (AUM) figure of $27.7 billion in its most recent update. The company has also just released its fourth-quarter report revealing that there was record investor demand in the period, with approximately $3.3 billion in inflows.

The story made such an impact that even Reuters picked it up.

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Source: https://cryptopotato.com/six-figure-bitcoin-price-predictions-back-on-the-table/

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$500K Bitcoin Donation Funneled to Groups Involved in US Capitol Riot: Analysis

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Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S.

Alt-Right Agitators Received $500K in Bitcoin Prior to US Capitol Riot

Publishing its findings on Thursday (Jan. 14, 2021), Chainalysis revealed that several notable alt-right personalities who were present at the Jan. 6 riot in the U.S. Capitol received substantial Bitcoin donations.

According to Chainalysis, a single donor funneled 18.15 BTC to addresses belonging to entities with right-leaning affiliations on Dec. 8, 2020. At the time, this figure was worth over $500,000.

In its report, Chainalysis also revealed that popular far-right political commentator Nick Fuentes received 13.5 BTC. There are a few photographic pieces of evidence placing Fuentes at the riot with a megaphone in hand though Fuentes has denied entering the building itself.

Apart from him, alt-right podcaster Ethan Ralph and VDARE — an anti-immigration organization — also received BTC sums from the donor. While Chainalysis did not reveal the identity of the person responsible for funneling the Bitcoin, the crypto forensics outfit did mention that there strong evidence that the donor is a French computer programmer.

An examination into the donor’s wallet shows that the person is likely an early Bitcoin adopter. Further investigation into the donor shows a history of donations to extremist causes with an alleged suicide note referencing known alt-right talking points.

Based on these findings, U.S. law enforcement officials are reportedly investigating possible links between the donations and the assault on the Capitol. Prosecutors also say that they are approaching the investigations from a counterterrorism and counterintelligence standpoint.

Financial Censorship Triggering Crypto Adoption

Alt-right groups receiving donations in Bitcoin is only the latest example of political and social groups with dissident ideologies embracing cryptocurrencies. Indeed, Bitcoin’s early history is somewhat intertwined with WikiLeaks especially after the establishment was cut off from mainstream funding sources.

Even countries facing economic sanctions are also adopting cryptocurrencies. Venezuela is a popular example, with the Maduro administration even creating its own oil-backed Petro “coin.”

Nations like Iran are actively supporting Bitcoin mining with tax breaks for BTC miners. As previously reported by CryptoPotato, the output from three power plants has been offered to miners in the country.

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Source: https://cryptopotato.com/500k-bitcoin-donation-funneled-to-groups-involved-in-us-capitol-riot-analysis/

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Bitcoin Faced First Major Correction In Current Bull Run: The Crypto Weekly Market Update

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This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months.

Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went in the opposite direction and started to decline. It wasn’t until Monday, however, when things took a turn for the worst.

Bitcoin’s price lost around $12,000 in what seems to be the first major correction in the ongoing bull run. The decline of around 27% came in a few brutal four-hour red candles and led to the liquidations of $2.87 billion worth of both long and short positions, indicating once again how over-leveraged the market is.

From there, the price took uphill and even reached $40,000 again on Thursday. Bears, however, weren’t done as what followed was another handful of red candles that brought the price to its current trading level of about $35,000.

With this said, the entire cryptocurrency market took a hit as the capitalization has dropped below $1 trillion. Meanwhile, Bitcoin’s dominance is also suffering, as it’s down to 67.7% during this week from its high of around 70.3%. This shows that despite the blood on the streets, altcoins have managed to take the upper hand and claim a larger portion of the market.

Meanwhile, two other projects made headlines over the past few days, mainly thanks to their incredible price performance. Despite this brutal correction, Polkadot’s DOT token is up 40% over the last seven days, while LINK is up 22%. The latter even charted a new all-time high today.

In any case, the week was particularly exciting, and even though this time it was the bears who had the upper hand, it’s very interesting to see how the next few days will shape up. Is this the beginning of a larger correction, or is it just a step back in preparation for an even bigger rally? We have yet to see.

Market Data

Market Cap: $964B | 24H Vol: 144B | BTC Dominance: 67.7%

BTC: $35,442 (-14.6%) | ETH: $1,141 (-7.5%) | XRP: $0.276 (-12.9%)

Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know. Today is an important date for the entire cryptocurrency industry as it marks a serious deadline on the iFinex v. NYAG case. Here is everything you need to know about it and what to expect.

FinCEN Extends Comment Window on Proposed Crypto Regulations. After receiving thousands of responses and serious criticism from industry participants, the Financial Crimes Enforcement Network (FinCEN) has decided to extend the comment window on the proposed cryptocurrency regulations.

Following Coinbase And Bakkt: Winklevoss’ Gemini Reportedly Considers Going Public. Cameron and Tyler Winklevoss are reportedly exploring the option of taking their cryptocurrency exchange, Gemini, public. This means that they could follow in the footsteps of other cryptocurrency-related companies with similar intentions – namely, Coinbase and Bakkt.

Greenlight: Anchorage Secures Crypto Banking Charter from the OCC. The United States Office of the Comptroller of the Currency (OCC) has granted a cryptocurrency custodial service company a national trust charter. This puts the firm in the position to claim the mantle of a US-based national crypto bank.

4 Possible Reasons for Bitcoin’s $12K Correction After Reaching $42,000 All-Time High. Bitcoin went through its first major correction this week, sliding by more than 27% in just a few four-hour red candles. Here are some of the potential reasons for which this happened.

Crypto Market Cap Reclaims $1 Trillion as Bitcoin Sets Sights on $40K. The cryptocurrency market sees no boring days. Just a couple of days back, it was on its way back up, recovering from a major correction, and even claimed $1 trillion in market cap again. Unfortunately, today things took a turn for the worst again.

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Polkadot, and Cardano – click here for the full price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/bitcoin-faced-first-major-correction-in-current-bull-run-the-crypto-weekly-market-update/

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